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-   -   Genesis Matrix Trading (http://www.forexfactory.com/showthread.php?t=373796)

itsallover May 15, 2013 11:42am | Post# 13361

{quote} Right on. Since I'm still reading the thread (page 151 now....) I only have EU and EJ charts up. I will end up monitoring AU and GU as well once I have a better grasp of the whole system. I'm trying to keep my questions to a minimum until I'm well into the thread as well. Here's my chart (first attempt at attaching so hopefully it will work.) : I took the first Genesis Matrix sell after the bounce off of S1. 15M stox were turning, 15M arrow was down, 5M stox were dropping after being oversold, overall trend seems down. Stop was placed above...

You got off lightly there Pipicidal.
There was a monthly pivot just below your point of entry which caused PA to bounce the way it did. I think you got the tail end of the trend - you always have to be very careful when PA has traveled a fair bit, in case it decides it wants to range or reverse.

padila May 15, 2013 11:49am | Post# 13362

{quote} I decided to go AU short instead only because I thought I'd squeeze a few more pips.
Just as a learning point for me, Kelly, did you sell to daily S1, after European open?

itsallover May 15, 2013 11:55am | Post# 13363

{quote} Just as a learning point for me, Kelly, did you sell to daily S1, after European open?
No I actually got in quite late on that one ... it was after NY Open. PA had bounced off the round number and the stochs and Genesis signal were for a short trade. I exited before my target of S1, because PA formed a double bottom on the 1 minute chart and I thought PA would struggle to go lower.



....... plus.... when PA formed the double bottom the stochs were on the floor.

Pippicidal May 15, 2013 11:56am | Post# 13364

{quote} You got off lightly there Pipicidal. There was a monthly pivot just below your point of entry which caused PA to bounce the way it did. I think you got the tail end of the trend - you always have to be very careful when PA has traveled a fair bit, in case it decides it wants to range or reverse.
Interesting. I'll have to watch out for the monthly pivots as well. They are not plotted on the FXI pivots indi as far as I can tell. Do you draw them in manually?

Stop is currently at -2 pips.

padila May 15, 2013 12:01pm | Post# 13365

{quote} No I actually got in quite late on that one ... it was after NY Open. PA had bounced off the round number and the stochs and Genesis signal were for a short trade. I exited before my target of S1, because PA formed a double bottom on the 1 minute chart and I thought PA would struggle to go lower. ....... plus.... when PA formed the double bottom the stochs were on the floor.
Thanks, I can see your entry.

itsallover May 15, 2013 12:04pm | Post# 13366

2 Attachment(s)
{quote} Interesting. I'll have to watch out for the monthly pivots as well. They are not plotted on the FXI pivots indi as far as I can tell. Do you draw them in manually? Stop is currently at -2 pips.
Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points.
Pivots Monthly.ex4
Pivots Monthly(Mid).ex4

Pippicidal May 15, 2013 12:41pm | Post# 13367

{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}
Cool, thanks.

padila May 15, 2013 1:13pm | Post# 13368

{quote} If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite.... There;'s no need to look for 'home runs' every time you sit down to trade. 4 trades of 5 pips = 20 pips. Anyway, I hope that helps.....

Thanks RJ.

Once again, very clear explanation.

realjumper May 15, 2013 4:46pm | Post# 13369

{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}
Oooooooo......I dunno Kelly....LOL!!

No that's fine.....I don't pay any notice to monthly pivots, as you know, but some people like to use them so it's all good

realjumper May 15, 2013 4:47pm | Post# 13370

Just a reminder before I go for breakfast....NZ budget day today, so Kiwi traders beware!!

realjumper May 16, 2013 1:41am | Post# 13371

Just a reminder before I go for breakfast....NZ budget day today, so Kiwi traders beware!!
Well that all turned into a non-event...lol. Still, better to be safe than sorry.

soccerfan May 16, 2013 1:59am | Post# 13372

{quote} Actually just playing with the idea at the moment. 5M chart with 15/30M next higher TF's - yes, the 15M arrows do appear but just testing really. I still use the 1H/4H on a different chart. PM1
Thanks for the answer, PIPMONSTER, that is interesting....I have been using the Genesis arrows on Daily/ weekly ( Eur/jpy,Usd/jpy,Eur/Us) with good results,

have a backtest if you have time, cheers, S

Autobotsgo May 16, 2013 2:01am | Post# 13373

2 Attachment(s)
Took these trades but can't get anything right recently.

Long GBPUSD
Click to Enlarge

Name: 16.05.13 GBPUSD Long.PNG
Size: 96 KB

SHORT USDCHF
Click to Enlarge

Name: 16.05.13 USDCHF Short.PNG
Size: 94 KB

Got stopped out with fairly tight stops.

Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.

realjumper May 16, 2013 2:08am | Post# 13374

Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.
The position of SL has been spoken about many, many, many times since Post #2, and never has the position of the SL deviated.

Your trades were also taken before Frankie.......

lastingwell May 16, 2013 2:22am | Post# 13375

Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.
You have to change your market open line by a long way that was well before Frankie. Go to the bottom of the page and click on market then change your opening times to match those.

Autobotsgo May 16, 2013 2:23am | Post# 13376

Thanks Realjumper.

I don't always use tight stops and am rarely stopped out of successful trades. I'll make sure I don't trade before Frankie.

Cheers.

Edit: I usually use the recent swing high/low to base stops.

Autobotsgo May 16, 2013 2:24am | Post# 13377

{quote}You have to change your market open line by a long way that was well before Frankie. Go to the bottom of the page and click on market then change your opening times to match those.
Ya after Realjumper's response I realised I had my GMT offset wrong. Whoops

realjumper May 16, 2013 2:29am | Post# 13378

Thanks Realjumper. I don't always use tight stops and am rarely stopped out of successful trades. I'll make sure I don't trade before Frankie. Cheers.
Well...you know....the SL position has been done to death.....yet still people place their SL's where they are going to get hit....and I just explained the EXACT issue you have with your market open times YESTERDAY......sigh....give me strength...<facepalm>

Autobotsgo May 16, 2013 2:35am | Post# 13379

{quote} Well...you know....the SL position has been done to death.....yet still people place their SL's where they are going to get hit....and I just explained the EXACT issue you have with your market open times YESTERDAY......sigh....give me strength...<facepalm>
You did? Sorry I must have missed it.

JasonDeaN May 16, 2013 2:38am | Post# 13380

Hi RJ. I was not able to contact support FXCM. You can not help me?


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