Dislikedyou will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winners (depending on how you exit of course... but im a scardie cat)Ignored
Additional Indicators for the Genesis Matrix Trading System 683 replies
Genesis Matrix Trading indicator 20 replies
Is there an EA about Genesis Matrix Trading? 2 replies
Genesis Matrix Journal 5 replies
Genesis Matrix Trading for Jforex 13 replies
Dislikedyou will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winners (depending on how you exit of course... but im a scardie cat)Ignored
DislikedI use Steve Hopwood's Multi Purpose Trade Manager, and then a variant of it that allows for ATR based jumping stops ... found here .
So I use that to set ATR based SLs & TPs, to set BE and to run jumping stops etc. It may not be the best way to do it for Genesis, but it works for me and just means I can focus more on deciding whether to enter or not. It also has a heap of other functions. The home of MPTM is now no longer on ff - google can help you find it.
The best...Ignored
DislikedCould you elaborate on your point tho. As I see it there was momentum on the 1 min chart???
Sorry to keep ask questions, there's been sooo many informative posts today...I just want to keep adding to my book of notes!!Ignored
DislikedThis indi isn't on my chart but I know that the NYSE will open in 1h and 40 minutes.. (09:30 NY time - at the moment it's 07:52 in NY) or I'm totally wrong with everything today?!Ignored
DislikedM1 bar = trend trading / re-entry
M5 bar = counter trend. you need momentum. i think 1 M5 bar can show you momentum. take a look at the M5 bar at the open of london session. that is momentum in 1 M5 bar.Ignored
DislikedThis indi isn't on my chart but I know that the NYSE will open in 1h and 40 minutes.. (09:30 NY time - at the moment it's 07:52 in NY) or I'm totally wrong with everything today?!Ignored
DislikedCorrect, some minutes to go and it's 8 am there. At 8 am the first traders will start to work in NY. There leading index Dow Jones should open 1h later. But will open 1h and 30 minutes later as a security process to prevent crazy market situations (remember black friday).
So, as futures in a connected world are nearly always possible to trade, the NY session starts at 8 am NY-time, as they are getting busy over there.
Similar situation in Frankfurt, they open at 8 am too (german time) but our leading index DAX opens at 9 am.
Okay?
regards
chriss...Ignored
Disliked9:30am EST is the US equities.
8am EST is the NY session
so did you take the short? coz i did, and i took it out at 10 pips at 5% exposure. R1 is the nearest target but i like my cozy 10 for high exposureIgnored
DislikedMany thanks criss, now I got it..
großes Dankeschön nach Deutschland.. ;-)
MathiasIgnored
DislikedHi. I can not see the price on your image but i think your pivots may be wrong.
When you say "R1 bounce off" i guess you are talking about a bounce down from the R1? I think that is wrong.
The daily R1 should be at 2118 if this site is correct: http://www.actionforex.com/markets/p...2010040848154/
I am not sure where your R1 is but from my understanding it is to high on your chart.
Maybe i am wrong....
Arctic4xIgnored
DislikedMy chart shows AUDUSD and I guess that you're talking about EURUSD, correct?Ignored
Dislikedit's okay as long as it was a green BE together with spread. and not a red BE. that's why i love my 10 pips... 10 pips on the short and 10 on the long (within 1 hour before and after NY session open)
i think we have a double top...Ignored
Dislikedyou will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winnersIgnored
Dislikedpivotal prices = DP, S, R, any pivotal level . 3.5 weeks in testing phase. i run it in EU EJ and CJ. EJ also met 10 pips, but CJ got stopped at +2 pips. on the long signal all 3 met their 10 pips each. technically 52 pips in less than 1 hour no losses yet.
i realized that its not necessarily just where they will jump off, but whenIgnored