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Genesis Matrix Trading

  • #401
  • Jul 19, 2012 12:48am Jul 19, 2012 12:48am
Quoting realjumper
Hiya kelly......nice to see you
Likewise RJ.
Just don't leave me behind next time! How could you?!
.... laughing all the way to the bank
  • #402
  • Jul 19, 2012 1:03am Jul 19, 2012 1:03am
Quoting itsallover
Likewise RJ.
Just don't leave me behind next time! How could you?!
I have no excuse Kelly........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #403
  • Jul 19, 2012 1:09am Jul 19, 2012 1:09am
Only E/U trade I could see (missed earlier) was on the one minute charts....
  • #404
  • Jul 19, 2012 1:16am Jul 19, 2012 1:16am
Solid hrly bear printed last hour, so looking for a short 5min genesis after a retest of yesterday's high &/or today's R1.
  • #405
  • Jul 19, 2012 1:18am Jul 19, 2012 1:18am
Quoting sidefx
Solid hrly bear printed last hour, so looking for a short 5min genesis after a retest of yesterday's high &/or today's R1.
Yep cool so your waiting for the market reset...let the stochs come back and then look bearish...like...I've decided today to concentrate just on the E/U on 1/5/15 mins....think I was spreading myself too thin
  • #406
  • Jul 19, 2012 1:23am Jul 19, 2012 1:23am
Quoting Mr Pippy
Yep cool so your waiting for the market reset...let the stochs come back and then look bearish...like...I've decided today to concentrate just on the E/U on 1/5/15 mins....think I was spreading myself too thin
Sounds a plan. I'd like to think i'll be able to take pot-shots at multiple pairs once i'm more up to speed with genesis. Trading 1 pair well with a low spread is a great start.
  • #407
  • Jul 19, 2012 1:26am Jul 19, 2012 1:26am
One problem I've noticed on the 1 minute charts is the stochs are as expected massively sensitive and almost always giving a dubious signal in relation to what is going on....

Any thoughts from everyone?
  • #408
  • Jul 19, 2012 1:31am Jul 19, 2012 1:31am
M1 has too much noise. M15 is ok though I prefer normally H1 but not sure if this system is good with H1 yet.
  • #409
  • Jul 19, 2012 1:32am Jul 19, 2012 1:32am
Quoting Mr Pippy
One problem I've noticed on the 1 minute charts is the stochs are as expected massively sensitive and almost always giving a dubious signal in relation to what is going on....

Any thoughts from everyone?
I'm taking my lead from Olivia on this who now only trades the 5min with reference to the 15min to check the stoch...i'm also working on my own flavour of genesis in the background which will be 5min as a lowest TF.
  • #410
  • Jul 19, 2012 1:38am Jul 19, 2012 1:38am
Classic case on the E/U of staying out because of the stoch and the market continues downwards......spanish bonds!
  • #411
  • Jul 19, 2012 1:39am Jul 19, 2012 1:39am
Excuse my manners.
I forgot to say a big thankyou to RJ, Olivia, Yelena,Cody
Xaphod and anyone else who has worked to make us this great thread.
Green pips to all.
.... laughing all the way to the bank
  • #412
  • Jul 19, 2012 1:48am Jul 19, 2012 1:48am
Quoting handy148
M1 has too much noise. M15 is ok though I prefer normally H1 but not sure if this system is good with H1 yet.
I use the 4H and Daily for this system and it works just as good, much less noise.
  • #413
  • Jul 19, 2012 2:02am Jul 19, 2012 2:02am
Trade today
Pivots R1 Day to Pivots P Day
Again thanks RJ&Company
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  • #414
  • Jul 19, 2012 2:06am Jul 19, 2012 2:06am
Something interesting here....

This first long trade just after Frankfurt open is almost a carbon copy of the trade I spoke of yesterday on EJ

1. Just as with EJ yesterday, the stoch is quite high, but everything else looks good. We have the Matrix, The Yellow EMA, the candle above the EMA and even the arrow.....the only possible issue could be the rather high-ish stoch. But......once again, the SL under the previous swing low was only 10 pips away. To me, again, a 10 pips risk is worth the risk.

2. PA got to R1, which is the first target, but couldn't progress from there, so exiting the trade for a nice little profit is in order. We can see that there was a complete rejection and consequent reversal from R1.

3. Because the reversal was so violent, the short signal is late. That's just too bad for us......using lagging indicators, we can't expect much better. Because the signal is going to be late, the SL placement is going to be a bit expensive.....in fact it is 25 pips away from the signal when it eventually turns up.

So.....should we take the trade or let it pass because the SL is expensive.

For me, I look at it like this: The previous long trade gave me +26 pip profit. The SL on this short is going to be a relatively expensive -25 if it gets hit. So, big deal.......I will take the risk, because if it gets hit, it will wipe out 25 pips of todays 26 pip profit........so if that happened, I would end up with +1 pip profit!! So......I am still in profit for the day.....so I enter the trade.

4. The trade goes well and hits the daily pivot and gives me +23 pips

So, in all, I get a profit of +49 pips, and all I risked of my capital was 10 pips. Risk/reward of almost 5:1
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #415
  • Jul 19, 2012 2:13am Jul 19, 2012 2:13am
Quoting realjumper
Something interesting here....

This first long trade just after Frankfurt open is almost a carbon copy of the trade I spoke of yesterday on EJ

1. Just as with EJ yesterday, the stoch is quite high, but everything else looks good. We have the Matrix, The Yellow EMA, the candle above the EMA and even the arrow.....the only possible issue could be the rather high-ish stoch. But......once again, the SL under the previous swing low was only 10 pips away. To me, again, a 10 pips risk is worth the risk.

2. PA got to R1, which is the first target,...
I made ​​only half of the movement
  • #416
  • Jul 19, 2012 2:13am Jul 19, 2012 2:13am
Quoting realjumper
Something interesting here....

This first long trade just after Frankfurt open is almost a carbon copy of the trade I spoke of yesterday on EJ

1. Just as with EJ yesterday, the stoch is quite high, but everything else looks good. We have the Matrix, The Yellow EMA, the candle above the EMA and even the arrow.....the only possible issue could be the rather high-ish stoch. But......once again, the SL under the previous swing low was only 10 pips away. To me, again, a 10 pips risk is worth the risk.

2. PA got to R1, which is the first target,...
Well done...I presume your entry was the next bar after the red line?
  • #417
  • Jul 19, 2012 2:18am Jul 19, 2012 2:18am
Quoting realjumper
Something interesting here....

This first long trade just after Frankfurt open is almost a carbon copy of the trade I spoke of yesterday on EJ

1. Just as with EJ yesterday, the stoch is quite high, but everything else looks good. We have the Matrix, The Yellow EMA, the candle above the EMA and even the arrow.....the only possible issue could be the rather high-ish stoch. But......once again, the SL under the previous swing low was only 10 pips away. To me, again, a 10 pips risk is worth the risk.

2. PA got to R1, which is the first target,...
help me with indicators for the opening of markets: euro open, ny open and others ...
  • #418
  • Jul 19, 2012 2:20am Jul 19, 2012 2:20am
Quoting Mr Pippy
Well done...I presume your entry was the next bar after the red line?
It was on the next candle, but I marked the previous one because I was watching the candles like a hawk and the moment the next candle opened I entered the trade....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #419
  • Jul 19, 2012 2:21am Jul 19, 2012 2:21am
Quoting realjumper
It was on the next candle, but I marked the previous one because I was watching the candles like a hawk and the moment the next candle opened I entered the trade....
Yep no worries!
  • #420
  • Jul 19, 2012 2:22am Jul 19, 2012 2:22am
Quoting realjumper
Something interesting here....

This first long trade just after Frankfurt open is almost a carbon copy of the trade I spoke of yesterday on EJ

1. Just as with EJ yesterday, the stoch is quite high, but everything else looks good. We have the Matrix, The Yellow EMA, the candle above the EMA and even the arrow.....the only possible issue could be the rather high-ish stoch. But......once again, the SL under the previous swing low was only 10 pips away. To me, again, a 10 pips risk is worth the risk.

2. PA got to R1, which is the first target,...
Great tips, RJ. Thanks! ...so what are your thoughts right now on EU, a long 5min signal might be forming at the DP, will you be taking it?...would be a nice little 123 long reversal PA wise too.
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