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Genesis Matrix Trading

  • #21,861
  • Feb 19, 2014 5:56am Feb 19, 2014 5:56am
Quoting nikz
{quote} Thx, it's always good to hear your reasoning.
There's the re-test of the BRN nikz.....now we will see whether the PA drops or not!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,862
  • Feb 19, 2014 6:10am Feb 19, 2014 6:10am
Quoting nikz
{quote}you never know where it wil go after GB news... Now it's around 170....
Due to the unexpected bad unemployment data, which wrong-footed the market, there were a lot of traders closing long positions, so I was just jumping in on each pullback, once the initial move had stabilised.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,863
  • Feb 19, 2014 6:10am Feb 19, 2014 6:10am
Quoting Martyfish
{quote} Nikz, I took GU !! H1, M30 & M15 stochs too strong, for there not to be a continuation of the move
What TF are you trading Marty?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,864
  • Feb 19, 2014 6:14am Feb 19, 2014 6:14am
Thanks for accepting me realjumper I hope everyone makes good profit with you
  • #21,865
  • Feb 19, 2014 6:18am Feb 19, 2014 6:18am
Quoting msdogan
Thanks for accepting me realjumper I hope everyone makes good profit with you
Your very welcome.....we all focus on taking the banks money in this thread.....they have the money, and we want it....and we WILL get it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,866
  • Feb 19, 2014 6:23am Feb 19, 2014 6:23am
Quoting realjumper
{quote} What TF are you trading Marty?
The one I always have M15/M5 with H1 & M30 stochs & HTF Asctrend & H1/H4 Genesis matrix.

I posted my setup around beginning of Jan, and it hasnt changed
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,867
  • Feb 19, 2014 6:25am Feb 19, 2014 6:25am
Quoting Martyfish
{quote} The one I always have M15/M5 with H1 & M30 stochs & HTF Asctrend & H1/H4 Genesis matrix. I posted my setup around beginning of Jan, and it hasnt changed
Yes that's what I thought...just checking because we are trading different TF's, so we both see the set ups differently....which is as it should be
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,868
  • Feb 19, 2014 6:25am Feb 19, 2014 6:25am
Quoting msdogan
Thanks for accepting me realjumper I hope everyone makes good profit with you
Welcome in our Genesis - Family
  • #21,869
  • Feb 19, 2014 7:18am Feb 19, 2014 7:18am
Quoting Fame of me
{quote} Welcome in our Genesis - Family
Thank you very much
  • #21,870
  • Feb 19, 2014 8:04am Feb 19, 2014 8:04am
Quoting msdogan
Thanks for accepting me realjumper I hope everyone makes good profit with you
welcome here
gEt BusY LiVinG oR Get bUsy dyIng
  • #21,871
  • Feb 19, 2014 10:01am Feb 19, 2014 10:01am
First time I've ever taken 100 pips on a trade!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 40 KB
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,872
  • Feb 19, 2014 10:04am Feb 19, 2014 10:04am
Quoting scarlet pipe
First time I've ever taken 100 pips on a trade! {image}
Scarlet, awesome stuff - well done !!

Been a good day !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,873
  • Feb 19, 2014 10:38am Feb 19, 2014 10:38am
Quoting Martyfish
{quote} Scarlet, awesome stuff - well done !! Been a good day !!
Gotta give kudos to you Marty!

M15 chart with M30/H1 stoch.....M5 chart with M5/M15 stoch....price above MA's.

When it all lines up, pull the trigger!!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,874
  • Edited 11:12am Feb 19, 2014 10:57am | Edited 11:12am
Quoting scarlet pipe
{quote}When it all lines up, pull the trigger!!
Thx, Scarlet,

It works doesn't it !!

and kudos to you, for the patience and discipline for following and executing the plan !!

EDIT: Think you mean M15 chart M15/H1 stoch & M5 chart M30/M5 stoch
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,875
  • Feb 19, 2014 5:29pm Feb 19, 2014 5:29pm
Quoting scarlet pipe
First time I've ever taken 100 pips on a trade! {image}
Congratulations on your trade.

Not to rain on your parade or anything, but when I see your trade on my charts it's pretty late into the move, and the M5 and M15 stochs were well up on the roof by then and I'm not sure I would have entered where you did....I've seen too many moves come back from there, as PM1 made the point of saying. However, you have the pips and that's all good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,876
  • Edited 2:01am Feb 20, 2014 1:49am | Edited 2:01am
Quick question to those more experienced members. This is most likely covered 10000000x times, but is it more profitable to follow the trend?

My downfall has been wanting to find the low and enter while letting the stoch 'confirm' my ideas. Of course this isn't Genesis and i paid dearly for it... Which has made me stop trading for quite some time now. PM1 and Marty would look at HTF to see the overlying trend and plan accordingly to it. I guess i am starting to do the same now. Hopefully this is my 'aha' moment. I had to take a step back after yesterday's 'counter trade' and see what i did wrong..

But anyways, EJ had a good trade south, granted it was EURO open session, yet it only cost 10 pips to enter. I entered it and exited asap (+15). I could have kept it open (stoch and strong trend, it also may have broken the HTF resistance) but i rather take baby steps and have minor goals to accomplish so i can build my confidence again.

Also, sorry for no pix. Next trade ill do it. I do document my trades. Wiz's Excel sheet on page 1 is f'n great!!!
  • #21,877
  • Feb 20, 2014 2:14am Feb 20, 2014 2:14am
Quoting hunter101
but is it more profitable to follow the trend?
YES !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,878
  • Feb 20, 2014 2:26am Feb 20, 2014 2:26am
Quoting hunter101
Quick question to those more experienced members. This is most likely covered 10000000x times, but is it more profitable to follow the trend? My downfall has been wanting to find the low and enter while letting the stoch 'confirm' my ideas. Of course this isn't Genesis and i paid dearly for it... Which has made me stop trading for quite some time now. PM1 and Marty would look at HTF to see the overlying trend and plan accordingly to it. I guess i am starting to do the same now. Hopefully this is my 'aha' moment. I had to take a step back after yesterday's...
We probably have all gone through making a similar mistakes in our learning curve.

Yes, you MUST follow the trend. Taking counter trend (CT) trades is not for the inexperienced. I don't know of a single trader who is successful who doesn't make him/herself aware of the overall trend. I trade mainly M1 charts, sometimes M5...but every day when I sit down in the morning, I check the H1 situation as well as the H4 and sometimes the Daily charts too. I take notes of the trend...direction, when the trend started, what level it started at and how strong I think it is.

You can do this really easily by starting on the Daily chart and in your notebook, just enter the currency pair and in the margin, enter DAILY and beside it, just draw an up or down arrow. Then, under that, enter H4 and beside that, enter your up or down arrow.....then H1, then M30, then m15. Now you should have a good idea of which way we're going. If all the arrows seem up and down, perhaps we are in a consolidating phase, which makes it more difficult. If all the arrows are the same way, then only take trades in that direction
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,879
  • Feb 20, 2014 3:19am Feb 20, 2014 3:19am
RJ is right.

I dont understand the reasons, but the vast majority of new/newish traders (with all the studying and theory) after a little experience, try taking (as I call it) the "hero trade", CT trades, trying to pick tops and bottoms with this and that divergence.

I did it !!

It is not the route to consistent profitability.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,880
  • Feb 20, 2014 3:31am Feb 20, 2014 3:31am
Quoting Martyfish
RJ is right. I dont understand the reasons, but the vast majority of new/newish traders (with all the studying and theory) after a little experience, try taking (as I call it) the "hero trade", CT trades, trying to pick tops and bottoms with this and that divergence. I did it !! It is not the route to consistent profitability.
Yup......I won't embarrass this person by telling you his name (not from our thread), but he has been shorting GU and EU to the tune of something like 18 trades in a row over the past week or so (lost every trade). I have been watching his TE (live) and he has killed 75% of his account!!

At any time he could have, and should have done the trend check and reversed his trades.....he would have recovered his losses by now. But no, he is obviously following all the muppet analysts who are coming with all sorts of fantastic reasons why GU and EU have reached the top, and he has paid a heavy price.

No one....NO ONE...knows where the PA is going next.......that's why we trade the system here.

Picking tops and bottoms is for idiots...pure and simple.

When EU and GU turn over, we will see it and when it's confirmed, we will trade it.....basic stuff, no?
Doing what you like is Freedom. Liking what you do is Happiness.
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