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Genesis Matrix Trading

  • #521
  • Jul 19, 2012 11:46pm Jul 19, 2012 11:46pm
I combined the Genesis Matrix system with Mostafa Belkhayate's center of gravity and the results are great, up 200 pips this week! Thank you for a good system!
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  • #522
  • Jul 20, 2012 12:44am Jul 20, 2012 12:44am
Thanks Cody
Quoting Cody_R
It's in testing, Sasa.
  • #523
  • Jul 20, 2012 12:54am Jul 20, 2012 12:54am
[quote=realjumper;5858559]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.

Excellent explanation RJ

Reading between the lines though on previous posts it seems as though its the entry regrding the stoch that causes most confusion rather than staying in the trade or with the exit.

M.
  • #524
  • Jul 20, 2012 1:06am Jul 20, 2012 1:06am
Quoting moodybot

Excellent explanation RJ

Reading between the lines though on previous posts it seems as though its the entry regrding the stoch that causes most confusion rather than staying in the trade or with the exit.

M.
I agree......that's why it takes time to understand the stoch and to learn its value. Like anything, you get out what you put in.....no one said trading was easy! So people prefer to delete the stoch and they will never learn of it's value.....what can I do?......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #525
  • Jul 20, 2012 1:58am Jul 20, 2012 1:58am
Alrighty, the audience have saved the stoch, i will re-instate its position and disapear for a couple of hours and do some research:nerd:
  • #526
  • Jul 20, 2012 2:14am Jul 20, 2012 2:14am
Quoting magdelen
Alrighty, the audience have saved the stoch, i will re-instate its position and disapear for a couple of hours and do some research:nerd:
LOL.....if you have something you find that you'd rather trade with, I have no problem with that at all. It's just that once you get to know the stoch, it is a great tool, but I admit, it's not an easy one to get to know
Doing what you like is Freedom. Liking what you do is Happiness.
  • #527
  • Jul 20, 2012 2:15am Jul 20, 2012 2:15am
Quick message for the trader who is using M15 and M30 Genesis Matrix indicator for entries..... [apologies, I forget your name!]

Anyway, RealJumper or one of the other guys will correct me if I'm wrong, but I'm pretty sure that you'll find the indi repaints when looking at the higher timeframe from a lower timeframe.

EG. On M5, you need 3 x M5 candles to close before you can consider the M15 indicator to have stopped repainting. This obviously extends to 6 candles for the M30 indicator.

So, some of these entries look excellent with hindsight, but you may find you get a lot more [potentially failed] entries in real time than your historical charts would show you........

Cheers,

Rob
  • #528
  • Jul 20, 2012 2:17am Jul 20, 2012 2:17am
I am in this current little long since Frankie open....or just after the open fact, but I don't really like to enter long just under the daily pivot, so I have my SL at break even (BE) already.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #529
  • Jul 20, 2012 2:22am Jul 20, 2012 2:22am
Quoting Gt3rs
Quick message for the trader who is using M15 and M30 Genesis Matrix indicator for entries..... [apologies, I forget your name!]

Anyway, RealJumper or one of the other guys will correct me if I'm wrong, but I'm pretty sure that you'll find the indi repaints when looking at the higher timeframe from a lower timeframe.

EG. On M5, you need 3 x M5 candles to close before you can consider the M15 indicator to have stopped repainting. This obviously extends to 6 candles for the M30 indicator.

So, some of these entries look excellent with hindsight,...
Yes, you're right Rob.....the M15 stoch on the M5 chart will repaint until the 15 minute period is closed. However, it still gives a pretty good idea of what the M15 stoch is up to.....for instance, it's not going to repaint to a complete opposite in a few minutes!!!

If the M5 stoch (and everything else) is signalling a trade on the M5 chart, and M15 stoch is in a similar position, then the trade is worth taking. If the M15 stoch is completely opposite to the M5 stoch, then perhaps waiting for a better opportunity will be in order.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #530
  • Jul 20, 2012 2:26am Jul 20, 2012 2:26am
Quoting realjumper
I am in this current little long since Frankie open....or just after the open fact, but I don't really like to enter long just under the daily pivot, so I have my SL at break even (BE) already.
same here, eu and ej long, but sl at BE+5 was hit on both...my entry was probably a little higher than yours since i wait for retrace and break
  • #531
  • Jul 20, 2012 2:30am Jul 20, 2012 2:30am
Quoting realjumper
I am in this current little long since Frankie open....or just after the open fact, but I don't really like to enter long just under the daily pivot, so I have my SL at break even (BE) already.
Hello all and congratulations for this new version of the Matrix.
RJ is too long and agree that we are too close to the daily pivot.
Meanwhile I am in BE and we avedere, up close up, and wait for the prssimo setup.

Hello everyone and thanks for everything you're doing.

Giancarlo
  • #532
  • Jul 20, 2012 2:30am Jul 20, 2012 2:30am
Quoting Gt3rs
Quick message for the trader who is using M15 and M30 Genesis Matrix indicator for entries..... [apologies, I forget your name!]

Anyway, RealJumper or one of the other guys will correct me if I'm wrong, but I'm pretty sure that you'll find the indi repaints when looking at the higher timeframe from a lower timeframe.

EG. On M5, you need 3 x M5 candles to close before you can consider the M15 indicator to have stopped repainting. This obviously extends to 6 candles for the M30 indicator.

So, some of these entries look excellent with hindsight,...
Are you waiting for the candle to close in either timeframe? It shouldn't repaint after candle close.
.... laughing all the way to the bank
  • #533
  • Jul 20, 2012 2:33am Jul 20, 2012 2:33am
@Rob,
Sorry I hadn't seen Yelenas post when I replied to you.
.... laughing all the way to the bank
  • #534
  • Jul 20, 2012 2:40am Jul 20, 2012 2:40am
Quoting bubola
same here, eu and ej long, but sl at BE+5 was hit on both...my entry was probably a little higher than yours since i wait for retrace and break
Yep....my EU trade is still alive, and it's a free trade so I'll let it go and see what happens. Either it breaks the DP and takes off or it hit's my SL for +1!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #535
  • Jul 20, 2012 2:48am Jul 20, 2012 2:48am
Good Morning @ all,

i have taken quick 20 pips on this little long. I'm expecting a further move down towards daily support. If daily support holds i will look for another long...

Btw. very nice system! Thx community :-)


Regards

Chriss
  • #536
  • Jul 20, 2012 2:56am Jul 20, 2012 2:56am
PA is acting real crazy today
.... laughing all the way to the bank
  • #537
  • Jul 20, 2012 3:07am Jul 20, 2012 3:07am
Quoting realjumper
Yes, you're right Rob.....the M15 stoch on the M5 chart will repaint until the 15 minute period is closed. However, it still gives a pretty good idea of what the M15 stoch is up to.....for instance, it's not going to repaint to a complete opposite in a few minutes!!!

If the M5 stoch (and everything else) is signalling a trade on the M5 chart, and M15 stoch is in a similar position, then the trade is worth taking. If the M15 stoch is completely opposite to the M5 stoch, then perhaps waiting for a better opportunity will be in order.
Hi mate. I was referring to the Genesis Matrix indi. Not the MTF stoch.....
  • #538
  • Jul 20, 2012 3:10am Jul 20, 2012 3:10am
Quoting yelena
hey rob. genesis does not repaint once the candle has closed. comparing different TF's for entries is not an apples to apple comparison. larger TFs = later entries and larger SL's and TP's.

to have an apples to apples, entries and exits should solely be compared on the same TF. predominantly, we are intraday traders, hence we focus on smaller TF's/SL's/TP's, versus intraday support and resistance prices, enabling profit.

M15 stoch (not genesis) is suggested to filter M5 and/or perhaps make one stay in the trade longer....

Hi! I was referring to looking at the M15 Genesis Matrix indi on the M5 chart. It has the potential to repaint until the current M15 candle has closed.
  • #539
  • Jul 20, 2012 3:12am Jul 20, 2012 3:12am
Quoting itsallover
PA is acting real crazy today
It's Friday Kelly.....plus we have the Eurogroup meetings where they are yappin about the Spanish bailout deal......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #540
  • Jul 20, 2012 3:14am Jul 20, 2012 3:14am
Quoting Gt3rs
Hi mate. I was referring to the Genesis Matrix indi. Not the MTF stoch.....
Oh sorry....my misunderstanding
Doing what you like is Freedom. Liking what you do is Happiness.
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