Genesis Matrix Trading | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #361
  • Jul 18, 2012 8:31am Jul 18, 2012 8:31am
Quoting Mr Pippy
Ladies and gentlemen.....take your seats and cast your votes as we plaaaayyyy....break or bounce!!!!

Looking forward to see this reaction....alas news is in the way...cursed news
yep, stops at b/e so it can do what it likes

Edit: +30 locked in.
  • #362
  • Jul 18, 2012 8:37am Jul 18, 2012 8:37am
Quoting sidefx
yep, stops at b/e so it can do what it likes

Edit: +30 locked in.
Excellent....that's the way to do it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #363
  • Jul 18, 2012 8:41am Jul 18, 2012 8:41am
As I'm sure you were aware.....it was also a bounce of a 00 level. Don't have the monthly stuff plotted on but got my 00 level indicator programmed in nicely!

Well done to you!

Edit....

Ignore this...was looking at the wrong entry...on fact i dont know what the hell i was looking at lol! Thought you'd gone in on the latest signal for G/U

My bad
  • #364
  • Jul 18, 2012 8:50am Jul 18, 2012 8:50am
Quoting realjumper
Excellent....that's the way to do it
Thanks to you!...decided to take +35 on this one now we're a few minutes from the yapping and bouncing between the wkly R1 and DP.
  • #365
  • Jul 18, 2012 9:05am Jul 18, 2012 9:05am
Yelena,

What is the "dot" on top of your price bars? Is that the
price alert you were talking about earlier?

Tks

snarlyjack
  • #366
  • Jul 18, 2012 9:26am Jul 18, 2012 9:26am
Cable on the turn......possibly...spose its pointless predicting anything until news is over....has he finished speaking yet!!?
  • #367
  • Jul 18, 2012 9:31am Jul 18, 2012 9:31am
my only trade today, stopped out at BE+3... i liked the rejection at the lows and ATR, + the strong close above S1. stoch was perfectly placed on 5mn and 15mn....picked the pair that moved the least, but i usually like to trade yen pairs more than usd pairs
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
  • #368
  • Edited 10:14am Jul 18, 2012 9:42am | Edited 10:14am
Presumably on cable....the usual....wait for reaction etc etc etc...

Edit:

Seriously looking at euro now...but ATR suggests we're done for the day? Or is this a bad train of thought?
  • #369
  • Jul 18, 2012 10:19am Jul 18, 2012 10:19am
Quick question for you guys. Is it safe to say that when the stoch is inclined by 45°, this is not a high probability trade? I'm particulary looking at the Cable pair. At first, I though it had enough power to pierce the Daily Pivot, but it seem I took the signal too early (Next candle after the arrow).

Malouin

P-S I'm on demo account, still learning.
Attached Image (click to enlarge)
Click to Enlarge Name: trade gbpusd.jpg Size: 119 KB
Slowly, but surely...
  • #370
  • Jul 18, 2012 10:22am Jul 18, 2012 10:22am
Quoting Malouin
Quick question for you guys. Is it safe to say that when the stoch is inclined by 45°, this is not a high probability trade? I'm particulary looking at the Cable pair. At first, I though it had enough power to pierce the Daily Pivot, but it seem I took the signal too early (Next candle after the arrow).

Malouin

P-S I'm on demo account, still learning.
Pivots are something you need to be wary of....some may disagree with me but taking on trade where you've little wiggle room between your entry and the pivot is risky. Leave enough room so you can snatch profit for your trouble and also react to a bounce. Its better to miss a break than get busted by a bounce!
  • #371
  • Jul 18, 2012 10:24am Jul 18, 2012 10:24am
Quoting Mr Pippy
Pivots are something you need to be wary of....some may disagree with me but taking on trade where you've little wiggle room between your entry and the pivot is risky. Leave enough room so you can snatch profit for your trouble and also react to a bounce. Its better to miss a break than get busted by a bounce!
Lesson Learned! Thanks for your light =)
Slowly, but surely...
  • #372
  • Jul 18, 2012 10:27am Jul 18, 2012 10:27am
As an extra confirmation check that the 5 ema has passed through the pivot if your unsure of entry........
  • #373
  • Jul 18, 2012 10:28am Jul 18, 2012 10:28am
Quoting Mr Pippy
Presumably on cable....the usual....wait for reaction etc etc etc...

Edit:

Seriously looking at euro now...but ATR suggests we're done for the day? Or is this a bad train of thought?
...never say never i'm also watching EU, it won't stay in this range between the DP and WP forever...maybe once the NY guys get back from lunch it'll move, who knows.
  • #374
  • Jul 18, 2012 11:00am Jul 18, 2012 11:00am
Quoting Malouin
Is it safe to say that when the stoch is inclined by 45°, this is not a high probability trade?
Some traders may look at the angle of the stoch (i do some times) but it is not possible to say 45° (or 30 or 60 or some other) angle is good or bad because it depends on the setting of the stoch and even more how you are zooming/stretching the charts in/out and how big part of the chart your indicator window is and so on.
So the angle have more to do with experience and comparing with earlier moves, how the stoch moves compared with the price of course and things like that.

Arctic4x
  • #375
  • Jul 18, 2012 1:38pm Jul 18, 2012 1:38pm
Hi RJ,

Could you tell me where I can find good resources/links/papers/books to go more in depth about the use of Stochastic ?

I am not a newbie and I am looking for some advanced technical topics.

I have also another question : do you keep sometimes positions open evernight ? If you do this what rules do you follow ?

Thank you in advance for your help


ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #376
  • Jul 18, 2012 1:53pm Jul 18, 2012 1:53pm
Quoting ohammond
Don't worry, mine are still moving nicely. This is the ATR indie I prefer, you can't change any of the inputs except the colour (which you'll need to do if you have a black chart) If you hover over the lines, you will see when the day starts that above the price is high 2 then above that high1 then below price you have low 2 and low 1 in that order. When price reaches one of the lines for instance, on EJ now, price has reached and gone through Low 2 and Low 1, it then brings the High lines down to show where (if it now turns around) price is...
Ohammond,

thank you for this clear explanation.
Unfortunately I feel unconfortable with something if I dont understand how it works ...... could you suggest me where to find more info about this indi?

Thanks a lot

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #377
  • Jul 18, 2012 2:35pm Jul 18, 2012 2:35pm
Quoting wiz3003
could you suggest me where to find more info about this indi?
Here is some info about Average True Range:
http://www.investopedia.com/articles...true-range.asp

You find a lot more if you Google

Arctic4x
  • #378
  • Jul 18, 2012 2:42pm Jul 18, 2012 2:42pm
Quoting wiz3003
Ohammond,

thank you for this clear explanation.
Unfortunately I feel unconfortable with something if I dont understand how it works ...... could you suggest me where to find more info about this indi?

Thanks a lot

ciao

wiz
All I know is it works out the atr, no idea over how many days, you could perhaps do a search in google for it, its probably out there somewhere, more of an explanation but I haven't needed it, I put something on the chart and if I think it works thats all I need to know
  • #379
  • Jul 18, 2012 2:46pm Jul 18, 2012 2:46pm
Quoting Mr Pippy
Presumably on cable....the usual....wait for reaction etc etc etc...

Edit:

Seriously looking at euro now...but ATR suggests we're done for the day? Or is this a bad train of thought?
The ATR is only a guide and on a good day price will smash straight through it, but once its hit the first ATR line in any given direction I am very careful before I put a trade in the same direction, if price turns around though as EU did today, then I watch for it getting to the 1st ATR line in the opposite direction.
  • #380
  • Jul 18, 2012 3:00pm Jul 18, 2012 3:00pm
Quoting ohammond
All I know is it works out the atr, no idea over how many days, you could perhaps do a search in google for it, its probably out there somewhere, more of an explanation but I haven't needed it, I put something on the chart and if I think it works thats all I need to know
Practical way and surely effective
You control how you trade; the market controls how and when you'll get paid
14 traders viewing now