(binned per thread starter's request) Matrix trading system

900 delivered, tested up to the pip.

Gold bear setup needed:
http://prntscr.com/6oom4u

Today interest areas:

EA:
http://prntscr.com/6oxhph

GJ:
http://prntscr.com/6oxi25

GU:
http://prntscr.com/6oxibf

Very bad NFP numbers, expecting EU to break trough 1.1

Will be interesting on Monday if the big boys drive the price back to get a satisfying entry

Thats exactly what i am expecting. Expecting 1000 / 980 to fail today or Monday and then drop lower, and then push up somewhere where new HL is established, 900 atm looks like possible area, but could be lower eg 800ish.

Some examples of last 2 days of GJ zones ploting and entries:
m15 zones for m1 entries, and h1 zones for m5 tf for entry.

GJ m15
http://prntscr.com/6p26d5
GJ m1:
http://prntscr.com/6p28g3
http://prntscr.com/6p29dv
http://prntscr.com/6p2b92
http://prntscr.com/6p2ck2

GJ h1
http://prntscr.com/6p2dd7
GJ m5:
http://prntscr.com/6p2eur
http://prntscr.com/6p2gwo
http://prntscr.com/6p2isr

Nearly 200 pips total in entries if taken all (including 3 loses).

UCAD :
http://prntscr.com/6p30r9

It looks like with EU 980 fail as expected, we are set for dollar up correction in next day. UCAD agrees structurally with such view. EU 093 first target. Will look for longs around 900-915 area.

Hi Jan,
Very informative thread. My question is what kind of stop are you determining or using when you enter your trades? Thanks for your feedback.

Hey wiseguytrade,

For stops it depends largely on situation/structure. If there is strong rejection on low TF (trigger-entry TF), for example if there is strong low or high that you can hide behind, then i will use tight SL above such high or low. If there is no strong rejection, and structure is weak i use trend SL, which is higher TF area lows or highs where trend would technically get canceled for SL. But most of the time i plot alert line where my interest of SL it and i check it out how structure develops in certain area and then add SL if i dont like structure anymore, that is becouse with such approach you minimize chances to get stoped out for nothing with fake breakout, however i will have "catatrophic" SL set which is some pips away from such view.

Examples:
Good rejections, SL tight behind trigger entry high or low:
http://prntscr.com/6pdxqn
http://prntscr.com/6pdybv
http://prntscr.com/6pdyq2

Example of weak rejections, no strong area highs or lows, i would use trend (higher TF) SL above area highs or lows of higher tf:
http://prntscr.com/6pe2gb


If you are not sure about higher tf trend or cant see who is in control clearly i would suggest you to stick only with trading approach where you have clear strong rejection on lower tf becouse with second approach RR is distorted due to biger SL.

Some weekend example for entries, Gold.
h1+m5+m1

Higher TF zones of interest:
http://prntscr.com/6pe4fw
http://prntscr.com/6pe4jt

Lower TF M5 entries:
http://prntscr.com/6pe5js
http://prntscr.com/6pe6fo
http://prntscr.com/6pe79k
http://prntscr.com/6pe80p
http://prntscr.com/6pe9dv
http://prntscr.com/6pe9sc
http://prntscr.com/6peap5
http://prntscr.com/6peb91
http://prntscr.com/6pecds
http://prntscr.com/6pecvz
http://prntscr.com/6ped79
http://prntscr.com/6pedp5
http://prntscr.com/6peeuq
http://prntscr.com/6pefg0



Lower TF M1 entries:
http://prntscr.com/6pegg8
http://prntscr.com/6pehn7
http://prntscr.com/6peipw
http://prntscr.com/6peiwj
http://prntscr.com/6pejs7
http://prntscr.com/6pekbs
http://prntscr.com/6pel5z
http://prntscr.com/6pemfy
http://prntscr.com/6pemxt
http://prntscr.com/6pen84
http://prntscr.com/6penrr
http://prntscr.com/6peo9r
http://prntscr.com/6peon7
http://prntscr.com/6pepaa
http://prntscr.com/6peq8r
http://prntscr.com/6peqrz
http://prntscr.com/6persq
http://prntscr.com/6pes16
http://prntscr.com/6pet0g
http://prntscr.com/6petl2
http://prntscr.com/6peu9b



This examples show that you can use h1 zones, and use 2 tfs to base entries from, m1 and m5. (if trades overlap obviously that doesnt mean that we enter double position).

350 pips total on those setups, for 1 month of trading. With m15 zones added for entries end result is double that, over 600 pips.

Jan
Thank you for your feedback and all the work that you have shown. It makes how you approach the markets a lot clearer. So based on your last comment, if either an hour or 5m in addition to a 1m shows a potential trade (based on the particular tf) you will do both?
I appreciate the clarity of your posts. Thank you again.

And EURAUD


Higher tf zones of interest:
http://prntscr.com/6pfdqt

Lower TF M5 entries:
http://prntscr.com/6pfeg0
http://prntscr.com/6pfeyc
http://prntscr.com/6pff7b
http://prntscr.com/6pffp4
http://prntscr.com/6pfg09
http://prntscr.com/6pfghz
http://prntscr.com/6pfhq4
http://prntscr.com/6pfm3i
http://prntscr.com/6pfmgc
http://prntscr.com/6pfnv8
http://prntscr.com/6pfoaf
http://prntscr.com/6pfoxx
http://prntscr.com/6pfp4o
http://prntscr.com/6pfpqd

Nope if both TFs have setup at the same time i will enter only 1 trade.

First part of expectation delivered, 980 failed as expected, pa atm 970. If there is no significant gap, down direction stays till 900ish for where bulls should gather and charge for new higher high above 1.1000

How to know ahead, that certain level will be broken? Is it really true its impossible to predict bottoms and tops in investing? Nope.
So for this example, what i did is ploted random decent zones, and to show how its possible to know ahead if there is strong chance zone will give up and break or not. Its all about if defenders are showing up or not. Matrix not as system, but as its definition itself in order to work as in theoretical all zones work approach needs repeatable pattern of strenght. Obviously this is not 100% reliable, but it is 80+% reliable, which is all we need in trading afterall.

http://prntscr.com/6ph8n0
http://prntscr.com/6phafp
http://prntscr.com/6phbn2
http://prntscr.com/6phc9p
http://prntscr.com/6phedh
http://prntscr.com/6phfee
http://prntscr.com/6phg4h
http://prntscr.com/6phgtq
http://prntscr.com/6phief
http://prntscr.com/6phiui
http://prntscr.com/6phjzl
http://prntscr.com/6phmb4
http://prntscr.com/6phmyw



One thing i have forgot to add before: News are important to track with this system. We do not set pendings few minutes before news, becouse strong news moves will NOT listen to short term supply and demand. Note that this only implies if you are trading from m1 or m5 charts. If you are trading from m15 and higher TFs you do not have to follow news, becouse supply and demand will do its job most of the time.

Hey Janpec!

Dam what a fantastic thread! Ur examples are very great! After going trough ur post i had a cognition! It has given me a feeling for the market! Thanks a lot!

Keep on!!!

Epic!

Cheers Dude

I developed an indicator that shows the strength of bullish/bearish legs:

@janpec1000: Thanks for sharing your method of analysis of price action. I learned from the screenshots and your comments on.

MathTrader very nice work! Ill check it out on charts, and report back.

I have checked indicator. The problem is that legs are not diplayed corectly. Method you are using is defining legs trough per candle bull bear candle, which makes distored judgment of legs as it makes too many micro/interupted legs. Method you should use is to use zig zag lows and highs to define legs not candles, or if you do use candles you need to add some filter that smooths out legs more.
http://prntscr.com/6pyu3m