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Genesis Matrix Trading

  • #21,981
  • Feb 27, 2014 4:31am Feb 27, 2014 4:31am
Quoting Martyfish
{quote} Great trading Maz !! Got pretty much the same, plus a cheeky +20 on GU
Excellent Trading Marty !!!
Didn't took GU..Reason :- I can't handle one...so forget about 2 trades simultaneously.


mazprofx.
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
  • #21,982
  • Feb 27, 2014 4:56am Feb 27, 2014 4:56am
Quoting Rooi
{quote} Just popping in and reminding everyone(including myself) that RJ posted this about two weeks ago. Pretty much sums up a great deal of what has been happening. I wish I had found this thread sooner in my trading.Its a great system with good traders showing the way and giving support in the tough times. To all teaching here I salute you.You are doing a great job To all learning here. Take in as much as you can from the guys giving it out.It really is one of the best threads to learn from here at FF! All the best and I hope you guys...
It is simple to put a stochastic on a Monthly, Weekly or Daily chart, and say something is going to go up or down.

But, it all comes down to timing your entries and exits. That should be the main focus for the vast majority here.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,983
  • Edited 6:34am Feb 27, 2014 6:06am | Edited 6:34am
Hello,
open EJ trade atm.
All signals looking good for a buy. All 3 stochs coming from oversold, "mouth open".
TVI, CCI, T3 and GHL on m5 looking also good.

Atm at BE+2 Pips, waiting for exit now.

Edit: What do you think about to put the SL at low1 (white line in chart)?
Stoch m15 and m30 still looking very good, only m5 is a little bit stalling.

Edit1: Closed trade at BE+2, I think it was worth a try to take the CT. But Stochs m15 and m30 still looking good.
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  • #21,984
  • Feb 27, 2014 6:53am Feb 27, 2014 6:53am
Quoting Murksler
Hello,.... I think it was worth a try to take the CT.
Hi Murksler !!

And another opinion is... it is NEVER worth taking a CT trade.

Haven't taken one, so far this year, and exceeded my profit target, every single week.

There have been on EJ alone, 3 trend trades today, each time, with over 20 pips.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,985
  • Feb 27, 2014 6:57am Feb 27, 2014 6:57am
Durable goods and IJC in 30 mins

Then Yellen's speech at 3pm !!!!!!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,986
  • Feb 27, 2014 9:12am Feb 27, 2014 9:12am
Quoting Murksler
I think it was worth a try to take the CT.
Sorry to labour the point.

But I find it absolutely fascinating why new/beginner traders try CT trades ?

So, take today, fabulous volatility, many, many big trend trades, that are yielding big 20 - 40 + pips per move.

All HPT trades with solid Genesis signals.

Why would anyone consider a CT trade ?

I know from my own experience early in my trading career, I tried for months and months, thinking, I could be clever and pinch CT pips, because I knew all about trading, and my system was awesome and capable of picking up pips all over the place, BUT never took the big trend trades.

So I would pick up a few pips here and a few pips there, then a big stopped out loss (exits are tough for experienced traders, VERY tough for new traders).

Not quite sure why I wouldn't take the big trend move, might be the volatility, might be questioning is this the trend move or a fake out, unsure of my system, because I changed it every other day ??

Determining trend seems an easy thing to do, but when, where, and more importantly why did the move start ? and when to get in ??

Also, the key aspect of "laws of probability". When you already have a great system like Genesis, once you have spent a considerable amount of time studying setups that yield decent trend moves, just keeping hitting the button, and rewards will come.

Then you will have completely forgotten about CT trades !! I promise !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,987
  • Feb 27, 2014 9:27am Feb 27, 2014 9:27am
Quoting Martyfish
{quote} Sorry to labour the point. But I find it absolutely fascinating why new/beginner traders try CT trades ? So, take today, fabulous volatility, many, many big trend trades, that are yielding big 20 - 40 + pips per move. All HPT trades with solid Genesis signals. Why would anyone consider a CT trade ? I know from my own experience early in my trading career, I tried for months and months, thinking, I could be clever and pinch CT pips, because I knew all about trading, and my system was awesome and capable of picking up pips all over the place,...
hi marty, it is really well said!! I have taken notes on this. but may be it can be a damn trap for newbies, I still can not help to take the same trade as murksler did. and the result turns out to be good, and if without your reminding words, I would definitely consider the CTs are worth trying. after your speaking, I will really have to rethink everything now, are they really worth it?
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patience is a virtue
  • #21,988
  • Edited 10:40am Feb 27, 2014 9:42am | Edited 10:40am
Quoting blueseahorse
{quote}... but may be it can be a damn trap for newbies, I still can not help to take the same trade as murksler did. and the result turns out to be good, and if without your reminding words, I would definitely consider the CTs are worth trying. after your speaking, I will really have to rethink everything now, are they really worth it?
​I promise you, unless you are an exceptionally talented trader, making a living from trading by scalping a few pips here and there, and missing out on the big trend moves, is virtually impossible.

You will here RJ talk about R/R on his trades, he monitors it religiously (as do I), unless you are getting good returns on your trades, you will fail, Guaranteed
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,989
  • Feb 27, 2014 10:35am Feb 27, 2014 10:35am
My first trade post. Grabbed 45 pips EJ to end my day. Exited at DP.
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  • #21,990
  • Feb 27, 2014 10:41am Feb 27, 2014 10:41am
Quoting Dobbsie
My first trade post. Grabbed 45 pips EJ to end my day. Exited at DP.
Great trade Dobbsie, got that one as well !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,991
  • Feb 27, 2014 10:50am Feb 27, 2014 10:50am
Quoting Martyfish
{quote} Great trade Dobbsie, got that one as well !!
Thanks, Marty! I have learned a lot from your posts.
  • #21,992
  • Feb 27, 2014 1:33pm Feb 27, 2014 1:33pm
Not able to trade the early euro session today.

Managed to grab some EJ action after NY open.

Wasn't able to sit at my desk watching the screen so I set TP at BRN and came back home to +68! (A little late on entry)

M15/30/60 stochs all rising, M15/30/60 TVI all white.
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A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,993
  • Feb 27, 2014 2:34pm Feb 27, 2014 2:34pm
Quoting scarlet pipe
Managed to grab some EJ action after NY open. Wasn't able to sit at my desk watching the screen so I set TP at BRN and came back home to +68!
Impressive as ever !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,994
  • Feb 27, 2014 5:30pm Feb 27, 2014 5:30pm
Quoting Martyfish
{quote} Impressive as ever !!
Thanks Marty.....Just trying to follow in the footsteps of my peers!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,995
  • Feb 27, 2014 5:51pm Feb 27, 2014 5:51pm
Quoting wiz3003
{quote} Tons of emails and thousand hours writing in English and now I discover you understand Italian ... S***t 😜
As you know.... espaņol is my 2nd language, I leave google to handle the Italian when you're busy!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,996
  • Feb 27, 2014 5:59pm Feb 27, 2014 5:59pm
Quoting Rooi
{quote} Just popping in and reminding everyone(including myself) that RJ posted this about two weeks ago. Pretty much sums up a great deal of what has been happening. I wish I had found this thread sooner in my trading.Its a great system with good traders showing the way and giving support in the tough times. To all teaching here I salute you.You are doing a great job To all learning here. Take in as much as you can from the guys giving it out.It really is one of the best threads to learn from here at FF! All the best and I hope you guys...

Absolutely correct Rooi.....up until yesterday, my trade count has been well down this week due to the crap PA. Yesterday was much, much better in terms of PA though. and consequently better trades, both in number of trades and number of pips.

I read on another thread of a trader who used to post here but no longer does, that he has been getting "massacred" by the GJ pair over the past few days. That's what would have been happening to many people and the banks will be loving it. If there is no trade....then there is no trade!!!!

After being stopped out of 2 trades in a row due to choppy PA, it's time to sit back with a coffee and see what caused this. If the chop continues.....drink more coffee and keep your money safe....for as long as it takes for the PA to settle down.

After 2 losses due to the choppy PA I gave up on GJ and EA for a while. I found that AU was much smoother, so I traded that pair. Yes, the ATR is less, but all I need is 20 - 30 pips to keep the account growing...it sure won't grow if I persist in trading what cannot be traded!!

Patience is the Holy Grail.....yes it is!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,997
  • Feb 27, 2014 6:10pm Feb 27, 2014 6:10pm
Quoting Martyfish
{quote} Sorry to labour the point. But I find it absolutely fascinating why new/beginner traders try CT trades ? So, take today, fabulous volatility, many, many big trend trades, that are yielding big 20 - 40 + pips per move. All HPT trades with solid Genesis signals. Why would anyone consider a CT trade ? I know from my own experience early in my trading career, I tried for months and months, thinking, I could be clever and pinch CT pips, because I knew all about trading, and my system was awesome and capable of picking up pips all over the place,...

Yes, there's a lot of truth in what you say here Marty. As I was saying the other day, CT trades are not for the inexperienced., and it shows a lack of patience I'm afraid.

I do take CT trades from time to time, but I'm pretty careful to not post them here because I don't condone CT trading unless you have been doing it a while.....and even then, it's still better to trade with the trend.

I the problem, as I see it, with CT trading is that if one is successful, then the trader will do it again, and again, and again. If strict discipline and a very good understanding is not employed, then soon the trader will be taking any trade that comes along without regard for the trend....and that will be the beginning of the end for the account!!

I know several people here DO CT trade when one looks like a profitable set up....and these CT trades are quite easy to spot, but I'm not going to get into that because I think that will come in time as the trader gets more experienced. What's really good is that the people who can pull off good CT trades aren't showing them here, so no one needs to concern themselves with the idea!!

Just trade with the trend....it's always best. No point in swimming up river, no?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,998
  • Feb 27, 2014 6:21pm Feb 27, 2014 6:21pm
I just noticed.....22,000 posts!!!!!

Great to see people taking the banks money! It takes time to learn Genesis, as with any system, but those who put in the time and effort will succeed.

The lazy and stupid ones will just be cannon fodder for the banks.....and we will take their money as well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,999
  • Feb 27, 2014 6:23pm Feb 27, 2014 6:23pm
Quoting realjumper
I just noticed.....22,000 posts!!!!! Great to see people taking the banks money! It takes time to learn Genesis, as with any system, but those who put in the time and effort will succeed. The lazy and stupid ones will just be cannon fodder for the banks.....and we will take their money as well
Hmmm, why I love that part so much ?!
  • #22,000
  • Feb 27, 2014 8:54pm Feb 27, 2014 8:54pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Great to see the thread in a chugging along harmonious mode -- hopefully I am able to return soon and post some trades. I have been keeping up reading and learning, it is good to see new posters. I am happy to see my favourite currency pair has been on strike while I'm not trading -- GA hasn't moved much since the 12th and been in death trap mode.
Back soon......
James.
I thought Wiz was quite a good English student.......
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