Genesis Matrix Trading

I must state that i do not have a waistline up just under my chest, and i do not have bleached white teeth, I am more subliminal than that. My auditions will be based on, performance, reliabilty, and stamina, those who dont make the grade will be exterminated with a Dalek like force

Magdelen,

Imo, you have way to much "stuff" on your charts. You need
to simplify your charts. Even I'am getting lost with all
that stuff. I'am a simple man...I need things simple.

I tell that to my girlfriend all the time. " What in the hell
are you talking about...just give me the short simple version".

Just trying to help...

snarlyjack

LOL, simple is as simple does, from the words of forest gump, i need to eliminate one at at a time, to keep it simple

I always wait for the M15 stoch to come down from the 80 line or up from 20 before I think about the trade on M5, there is an old saying....The market can stay overbought/oversold longer than you can stay solvent

Wot do ya think next Level? or not?

Its just like an elevator, going up, going down, or stuck

If you look at the M5 stoch in conjunction with the M15 stoch, you won't have that problem.

Never a truer word spoken Olivia, the market can break you, before you can break it. If you let it that is.

Forgive me for my ignorance, but how do you set the stochastics to show only 2 lines (1 line for 5m 1 line for 15 min) instead of 4 lines?

Jack.

I trade futures on Ninja Trader platform. I looked but did not find Genesis available for this charting platform. Does anyone know if this is available for other charting packages?

I would like to start to trade forex, can anyone reccommend a good demo to learn on. I was looking at IBFX.

Thanks

hi...just set the signal color to NONE for 5mn, and for 15mn MTF stoch set color line 1 and 3 to none

i use pepperstone razor, both live and demo...you can download from here https://pepperstone.com/trading-acco...unts-razor.php

thank you bubola!

Ollie,
There are only 3 people I know of who have been involved in coding various versions of the matrix, and none of us have. The source code is available, so maybe someone has done it or is working on it.
--Cody

I see some confusion here regarding the stochastic. As I said earlier, it was first invented in 1950 and it still widely used in trading....not only FX trading, but any kind of trading and it a very useful indicator.

At first, many people think that it is simply an 'Overbought/Oversold' indicator, and they get frustrated when they discover that it can stay 'Oversold/Overbought' for a long time and spoil their trades. That is not the fault of the stochastic, it is the fault f the trader who has not understood the stochastic.

If it was nothing more than an 'Overbought/Oversold' indicator, we could just have a red/white colour, and that's it.

But if you take the time to understand the indicator, rather than dismissing it because it doesn't do what you erroneously thought it was going to do, you'll discover that it is indeed a very useful tool. Best you research something and actually understand it, before dismissing it!!

Take a look at the EU chart below from several days ago, it is a good example.

I won't go into the trade entry because we know about that already.

1. So up to this point, the trade has been a success.....but, someone who doesn't understand stochastic will be saying "time to exit because the stoch says the pa is oversold."

So what does that erroneous statement mean? It means that the trader thinks that the stochastic is nothing more than a 'Overbought/Oversold' indicator, and if they exit the trade based on that, they will miss out on many pips, as you can see.

What I would do at that point, and I have mentioned this before, is to bring my SL down into a profit area *in case* the PA reverses.

As we can see, the PA drops further.

2. We see here that the PA has dropped further, but the stoch is still saying 'Oversold'.

So what?

So, the fact that the stoch is staying well down is showing the strength of the bears.....it's showing that the PA intends to stay down here for the time being, it's showing that the bears are strong.

Would I enter a trade with the stoch in that state? No, because it *could* reverse at any time.

I will now bring my SL down some more.

3. You can see that just after #2, the stoch moved up out of the 'Oversold' area. Is that a reason to exit the trade?

No, it's not, because the PA didn't indicate any reason to exit. Candles stayed under the Yellow 5EMA, trend hasn't shown any sign of reversal at all.

So we can see that the PA continued down, while all the time the stoch stayed either 'oversold' or very close to it.

The exit came after #3 when we can see the stoch suddenly climb *AND* the candles change and cross the Yellow EMA, which itself is now pointing up.

What happened here is that the stoch help keep us in the trade, where many would exited and then got all upset because they exited too early. This is one of the strengths of the stochastic indicator.

We have yet to touch on stochastic divergence and the way that stoch can keep you from entering a trade that looks good but stoch doesn't agree. You enter and you get burnt!

Yes, you can see trades that sometimes turn out well despite the stoch not agreeing, but, they are not high probability trades. I am only interested in high probability trades. I'm not here to guess and gamble.

If you wish to use RSI instead, that's all good, but please don't delete something when you don't understand it. Take the time, do the research and learn about the tool before you dismiss it out of lack of understanding. As I said, it has been around since 1950 and still widely used by all the big players

There are 2 ways to use stochastic.
1. When trend is ranging, overbrought/oversold signal acts as entry and exit case.
2. When trend is trending, overbrought/oversold signal become subsequently entry signal or trailing stop case.

No......you are quite wrong. There are many ways to use the stochastic. As I said, it is more than an overbrought/oversold indicator

Thats right, but remember:
The PriceAction are able to move above 60% of his way AFTER the Stochastic goes over 80 or under 20.

So - 60% of PA Move are possible at overbrought/oversold zone

Great, hello to all ... and thank's for the no-repainting Matrix.

Subscribed.

Stochastics is a great classic indicator, designed by George Lane (attached picture), died 2004 at the age of 83 (Lane Stochastic, the Stochastics Man). Now his wife Claire teach 2 days stochastics seminars.

http://www.forexfactory.com/showthre...48#post5856248 discovered by Mr Pippy and many traders before is true and can help trading with the the main flow.

Good trading and take care.

EU, EJ and CJ had the same scenarios and more or less the same pips

GU.... GU..... it released a super negative number and i was expecting to short on the retracement.. but no! it just went the other way. i was in disbelief, hence no long positions taken on the bounce from DP even though all 4 were exhibiting the same PA.

the EA made 200+ pips exercising maximum patience and not just getting out at 15 pips. then i halved what he did coz i just watch my SL get hit... sigh.

looking back, if indeed the M15 stochs were greatly considered then it would have been a better day