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Genesis Matrix Trading

  • #21,921
  • Feb 25, 2014 1:52am Feb 25, 2014 1:52am
Quoting mazprofx
Closed GJ for +22. Perfect Setup, Marty....M30 & H1 Stoch quite strong & then a trademark Genesis M1 Trade. mazprofx.:nerd: {image}
similar trade on GJ +15 pips. all hail to genesis!!
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patience is a virtue
  • #21,922
  • Feb 25, 2014 2:03am Feb 25, 2014 2:03am
Quoting mazprofx
Closed GJ for +22. Perfect Setup, Marty....M30 & H1 Stoch quite strong & then a trademark Genesis M1 Trade. mazprofx.:nerd:
Congrats !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,923
  • Feb 25, 2014 2:42am Feb 25, 2014 2:42am
any one took this one? + 13 pips
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patience is a virtue
  • #21,924
  • Feb 25, 2014 3:17am Feb 25, 2014 3:17am
Quoting Martyfish
{quote} Congrats !!
Thanks Marty..
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
  • #21,925
  • Feb 25, 2014 4:11am Feb 25, 2014 4:11am
Hi,
I'm another form the new ones.
My first trade today.
All signals looks good, overall up trend.
SL of 9 Pips, Target was BRN for 19 Pips.
If you have some suggestion for improvement feel free to write them down.
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  • #21,926
  • Edited 6:28am Feb 25, 2014 5:41am | Edited 6:28am
Just Closed EA for +27.

Again, a Perfect Setup..M15, M30 Stochs very strong and H1 Stoch Heading in Same Direction.
And, then triggered a trademark Genesis M1 Trade, once M5 Stoch got aligned.

Though, was not good at exit and was impatient to exit at +27.
Stochs are still strong..and looks like it will continue south..

EDIT: Luckily exited at right time.
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Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
  • #21,927
  • Feb 25, 2014 7:42am Feb 25, 2014 7:42am
got UJ for + 8 pips, may be not a good exit, I always find it not easy to chose a good exit way
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patience is a virtue
  • #21,928
  • Edited 7:28pm Feb 25, 2014 8:35am | Edited 7:28pm
a loss on EJ -12 pips reason to enter: both M5 and M15 stoch are good, PA below pivots, on 1H HTF the trend is down plus M15 arrow.
reason to exit: i got cold feet, felt the PA is ot in my favor, and manully quit. may be I am a bad emotion handler
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patience is a virtue
  • #21,929
  • Feb 25, 2014 1:58pm Feb 25, 2014 1:58pm
Quoting blueseahorse
a loss on EJ -12 pips {image}
Hi blueseahorse

It would be useful for the new members (and yourself) to follow up your chart post with a brief analysis of why you took the trade and why it failed.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,930
  • Feb 25, 2014 7:21pm Feb 25, 2014 7:21pm
Quoting jjre65
{quote} Hi blueseahorse It would be useful for the new members (and yourself) to follow up your chart post with a brief analysis of why you took the trade and why it failed. Cheers J.
good point, thnaks J. I will edit it.
patience is a virtue
  • #21,931
  • Feb 25, 2014 8:31pm Feb 25, 2014 8:31pm
Quoting blueseahorse
a loss on EJ -12 pips reason to enter: both M5 and M15 stoch are good, PA below pivots, on 1H HTF the trend is down plus M15 arrow. reason to exit: i got cold feet, felt the PA is ot in my favor, and manully quit. may be I am a bad emotion handler {image}
Hi

Are you trading M1, and live or demo?

J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,932
  • Feb 25, 2014 8:36pm Feb 25, 2014 8:36pm
Quoting jjre65
{quote} Hi Are you trading M1, and live or demo? J.
I am trading M5 on a demo account, got only a few months experience on forex, so called newbie
hoping for learning and gaining from you experienced guys, thanks!
patience is a virtue
  • #21,933
  • Feb 25, 2014 8:56pm Feb 25, 2014 8:56pm
Quoting blueseahorse
{quote} I am trading M5 on a demo account, got only a few months experience on forex, so called newbie hoping for learning and gaining from you experienced guys, thanks!
Ok

M5 and M15 stochs are way too deep, and where you opened the trade M5 is oversold and turning.
M30 is drifting along mid range
Price is moving in a very tight range around the DP
Looking over to EA at the same time, price is reacting bullish to BRN 1.5200
Looking over too GJ at the same time, price is floating aimlessly in between the DP and BRN 171.00
I think you would agree that it wasnt a high probability trade.

If you had set your stop loss 4 or 5 pips above the last swing high, and not interfered w the trade it would have gone on to be a 40+ pip winner, despite the entry.

These are general things that you need to take into account when looking at set ups.
One of the reasons its important to trade only 2 or 3 pairs is that you need to know whats going on w PA on correlative pairs.
I would recommend you only trade 1 pair to start with, GJ for example and watch EJ and GU at the same time.
Where there is a lot of conflicting information, especially in ranging markets, quality trades are hard to find, and remember, there will be on average approx 1 HPT per pair per session..............wait for that trade, and if it doesnt come, it doesnt matter, theres always tomorrow.

Hope this helps.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,934
  • Feb 25, 2014 9:58pm Feb 25, 2014 9:58pm
and remember, there will be on average approx 1 HPT per pair per session..............wait for that trade, and if it doesnt come, it doesnt matter, theres always tomorrow. Hope this helps. Cheers J.[/quote]

Quality information right there.

XS
Learn from your mistakes until you succeed. It's that simple.
  • #21,935
  • Feb 25, 2014 10:23pm Feb 25, 2014 10:23pm
Quoting blueseahorse
a loss on EJ -12 pips reason to enter: both M5 and M15 stoch are good, PA below pivots, on 1H HTF the trend is down plus M15 arrow. reason to exit: i got cold feet, felt the PA is ot in my favor, and manully quit. may be I am a bad emotion handler {image}
Sometimes no matter how perfect the setup, the trade will fail....that's just the way it goes unfortunately. No one has a 100% win rate!!

Tokyo session and to some extent the London session has been difficult to trade this week.....the market is very choppy and it's easy to to be impatient and take a risky trade...only to regret the entry a short time later. The NY session seems to be getting the lions share of the nice moves, but many of us cannot trade that session.

My trading has reduced quite a bit this week....the setups that I want to see just aren't there, or if they are, they come in the middle of a choppy period, which makes it hard to see the setup, let alone trust it. Sometimes it's just better to watch and keep your money safe. The HP trades will come.....just have to be patient.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,936
  • Feb 25, 2014 10:24pm Feb 25, 2014 10:24pm
Quoting ExcessFX
Quality information right there. XS

Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,937
  • Feb 25, 2014 10:26pm Feb 25, 2014 10:26pm
Quoting jjre65
{quote} Ok M5 and M15 stochs are way too deep, and where you opened the trade M5 is oversold and turning. M30 is drifting along mid range Price is moving in a very tight range around the DP Looking over to EA at the same time, price is reacting bullish to BRN 1.5200 Looking over too GJ at the same time, price is floating aimlessly in between the DP and BRN 171.00 I think you would agree that it wasnt a high probability trade. If you had set your stop loss 4 or 5 pips above the last swing high, and not interfered w the trade it would have gone on...
hi J, all above well received!I should be more focused on 1 pair and that is what I am planning to do next. only take HPT, reduce trading frequency. and the following most important thing how should I define the HPT. sometimes I will get confused. may be more excises can help? thank you very much!! your words are golden to me!
patience is a virtue
  • #21,938
  • Feb 25, 2014 11:01pm Feb 25, 2014 11:01pm
Quoting realjumper
{quote} Sometimes no matter how perfect the setup, the trade will fail....that's just the way it goes unfortunately. No one has a 100% win rate!! Tokyo session and to some extent the London session has been difficult to trade this week.....the market is very choppy and it's easy to to be impatient and take a risky trade...only to regret the entry a short time later. The NY session seems to be getting the lions share of the nice moves, but many of us cannot trade that session. My trading has reduced quite a bit this week....the setups that I want...
thans RJ. the comments are quite helpful to me! may the best to all of you!
patience is a virtue
  • #21,939
  • Feb 26, 2014 1:05am Feb 26, 2014 1:05am
Quoting blueseahorse
how should I define the HPT. sometimes I will get confused
It certainly can be confusing....but if you spend some time on the weekend going back over some of the senior members charts, you might see that the trades they pick are very often really good ones. Also, you have to go back over your own charts and fine the absolute perfect trades that meet the requirements to a tee. In any given day, you might see (say) 8 pretty good set ups. Of those 8, perhaps 6 win and 2 lose. Of the 6 winners, perhaps 4 are small winners and the other 2 are reasonable. That's not a bad ratio at all.....but.....there is quite a bit of stress in managing 8 trades in a day, especially when the 8 setups are just, pretty good.

More often then not, I will just let those pretty good set ups go. I might take the trade if I think there's a few pips in in it, but I try to wait for the perfect set up......one where everything is aligned about as good as it's possible to get, and I take that trade. Often, that single trade will yield more pips than the 6 pretty good setups.

Now, none of the above is going to be too much help to you, so the best way, imo, is to do something that Olivia used to talk about when she was here.....she would say, 'immediately after you enter the trade, take a screenshot of it. If you would be proud to post that screenshot here as a great example of a great entry......then it probably is!!......if you see your screenshot and think...hmmm....this one may or may not fly, probably shouldn't have entered......then you probably shouldn't have entered!!!'

As the saying goes.....it's better (for your pocket) to be out, wishing in....than it is to be in, wishing out!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,940
  • Feb 26, 2014 1:30am Feb 26, 2014 1:30am
Quoting realjumper
{quote} It certainly can be confusing....but if you spend some time on the weekend going back over some of the senior members charts, you might see that the trades they pick are very often really good ones. Also, you have to go back over your own charts and fine the absolute perfect trades that meet the requirements to a tee. In any given day, you might see (say) 8 pretty good set ups. Of those 8, perhaps 6 win and 2 lose. Of the 6 winners, perhaps 4 are small winners and the other 2 are reasonable. That's not a bad ratio at all.....but.....there...
In the same vein RJ, I ask myself before taking a trade, "would I announce this on the thread as a live trade just opened?".........................I learnt this from my IFR live demo trading week a while back.

J.
Winning isnt everything but coming second sucks (Charlie Brown)
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