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Genesis Matrix Trading

  • #581
  • Jul 20, 2012 4:35am Jul 20, 2012 4:35am
Quoting frontline141
Another fail trade (Why only happens on me???!! )

Reason : 1, its already after red news

2, Pivot fail

3, Stoch falling from 80

4, Signal vaild

5, resistance from 1.5700

6, Trend is down
i'm sorry but i disagree...general trend is up and PA is ranging and moving in jagged fashion on 5mn...please switch to higher TF's to see true trend
  • #582
  • Jul 20, 2012 4:36am Jul 20, 2012 4:36am
Quoting Gt3rs
It's repainting ON THE M5 TIMEFRAME!

Just trying to point something out here to avoid anyone getting into trouble.

I'll say no more on the matter :-)

Hey Gt,
Within a chosen timeframe (say M5) every indicators 'repaint' although 'repaint' is not the right word in this case.....

Most indicators (macd rsi stox ma.....) will be set to 'Close' in their respective 'Input' tabs and that means 2 things:
1) they will finally draw themselves on the chart by taking the last value reached at the end of the M5 period; once this value is known, the indicator value is calculated and drawn accordingly and this will not and cannot change (in the same way that once your M5 candle has finished, it is set in stone).
2) but ... during the 5 minutes of your M5 period, the indicator will constantly change up and down, reacting live to the PA (stick a 1-period MA on a M1 chart and you will see that happen with every tick); this is not 'repainting', this is normal behaviour for a graphical interface relying on constantly updating data.


In the case of Genesis' Matrix, point 2) happens even more often because the matrix is made of 4 different indicators: during any M5 period, PA might move in a way that gets T3 to turn blue, then TVI might turn blue too while GHL stays red and when PA moves in the other direction the red/blue can/will change and this is normal behaviour as explained above.

But, once that M5 candle has closed, the 4 different red/blue squares that make the new Genesis matrix will be set in stone and their respective colours will always stay as they are.


The repainting problem was present in previous versions of the Symphonie matrixes (where an indicator would look back at previous candles and then repaint itself to kinda make itself look better by showing a good buy/sell signal early (sometimes way too early, and something that gets picked up quite early by trained/experienced eyes)).

Xaphod (thanks again) then released an updated version of the Symphonie matrix where the last repainting indicator was replaced by a non-repainting one and I believe that this is what Genesis is now based on.


So, unless you can post a picture showing that any dot on the matrix has changed colour after the close of its respective candle/timeframe (and proving me wrong and making me eat humble pie), please let's have no more of this repainting lark and let's concentrate on trading.

Oli

PS: good to see you all in this new thread: I had wondered where you'd all gone!
  • #583
  • Jul 20, 2012 4:38am Jul 20, 2012 4:38am
Quoting realjumper
It depends.....if it's a counter trend trade, or a trade close to a pivot or other s/r area I will move to BE at 10-15 pips, more or less. If it is part of a trend move, I may leave it 20 or 25 pips to allow for any minor pullbacks.
Thanks RJ, i have been moving to BE at 30 pips maybe i am being too generous
  • #584
  • Jul 20, 2012 4:39am Jul 20, 2012 4:39am
Quoting frontline141
Another fail trade (Why only happens on me???!! )

Reason : 1, its already after red news

2, Pivot fail

3, Stoch falling from 80

4, Signal vaild

5, resistance from 1.5700

6, Trend is down
The same as yesterday.....the trend is not down on GU.....it's going across the page.....Here is the M5 GU chart.......there is nothing to trade there. Keep your money in your pocket or find another pair to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 380 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #585
  • Jul 20, 2012 4:43am Jul 20, 2012 4:43am
Quoting magdelen
Thanks RJ, i have been moving to BE at 30 pips maybe i am being too generous
There's no 'hard and fast' rule really. It depends on whether the trade is counter to the trend, and if it is, a tighter stop is prudent.....or if it is with the trend, sometimes a wider gap is needed before bring SL to BE (and manual trailing) to allow for pullbacks. At the end of the day, it's a judgement call and no two trades are the same!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #586
  • Jul 20, 2012 4:43am Jul 20, 2012 4:43am
Quoting Immvp
The matrix repaints on my chart. Anyone else besides me experience this?
Learn to deal with it...will you???
Lets make some green pips
  • #587
  • Jul 20, 2012 4:44am Jul 20, 2012 4:44am
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,...
Spot on Rob, on the 5m tf, you will only get a non-repainting matrix indicator colour once the 15m candle has closed, likewise for the 30m should you incorporate that as well.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #588
  • Jul 20, 2012 4:55am Jul 20, 2012 4:55am
I'm not sure about your "nothing to trade" view before my trade failed

to me, it was another Lower Low after a Lower Low, and its ranging because the red news of gbp is coming out


ohammond, I don't know I should read 15m stoch when trading 5m, can you please explain more what it means?


thank you all

Quoting realjumper
The same as yesterday.....the trend is not down on GU.....it's going across the page.....Here is the M5 GU chart.......there is nothing to trade there. Keep your money in your pocket or find another pair to trade.
  • #589
  • Jul 20, 2012 4:56am Jul 20, 2012 4:56am
Quoting ohammond
EU just hit the weekly pivot again at 1.2247 wonder if it will break through it this time.
and 75 minutes later, it does.
  • #590
  • Jul 20, 2012 4:59am Jul 20, 2012 4:59am
Quoting frontline141
I'm not sure about your "nothing to trade" view before my trade failed

to me, it was another Lower Low after a Lower Low, and its ranging because the red news of gbp is coming out


ohammond, I don't know I should read 15m stoch when trading 5m, can you please explain more what it means?


thank you all
No....there's no lower low lower high.....denoting a downtrend. There is just sideways moving ranging PA
Doing what you like is Freedom. Liking what you do is Happiness.
  • #591
  • Jul 20, 2012 4:59am Jul 20, 2012 4:59am
Quoting frontline141
I'm not sure about your "nothing to trade" view before my trade failed

to me, it was another Lower Low after a Lower Low, and its ranging because the red news of gbp is coming out


ohammond, I don't know I should read 15m stoch when trading 5m, can you please explain more what it means?


thank you all
There is a link on Page 1, the first post, if you want to put the M15 stoch on the M5 chart, or just glance at the stoch on an M15 chart before you put the trade in. If the M15 stoch is showing a different direction to M5 don't trade it.
  • #592
  • Jul 20, 2012 5:01am Jul 20, 2012 5:01am
Quoting realjumper
It's like I said in Post #1. The Genesis Matrix does not repaint once the current candle is closed. End of story.

If you put an M15 Matrix on an M5 chart, it will appear to fluctuate until the M15 candle has closed, then the Matrix for that candle is set in concrete!
Exactly! I never said the indicator repaints if you use as originally described.

Was just trying to warn those who put M15 matrix on M5 charts that it can still change until the M15 candle has closed.

Using it as you intended, it does NOT repaint.
  • #593
  • Jul 20, 2012 5:02am Jul 20, 2012 5:02am
Quoting ohammond
EU just hit the weekly pivot again at 1.2247 wonder if it will break through it this time.
Weekly Pivot did break. Looks bearish again ...
Attached Image (click to enlarge)
Click to Enlarge Name: qq.png Size: 51 KB
  • #594
  • Jul 20, 2012 5:02am Jul 20, 2012 5:02am
Quoting Gt3rs
Exactly! I never said the indicator repaints if you use as originally described.

Was just trying to warn those who put M15 matrix on M5 charts that it can still change until the M15 candle has closed.

Using it as you intended, it does NOT repaint.
Yes I understand
Doing what you like is Freedom. Liking what you do is Happiness.
  • #595
  • Jul 20, 2012 5:06am Jul 20, 2012 5:06am
Quoting realjumper
Yes I understand
It's know YOU do! :-) :-)

It seems not everyone else does. Just trying to be helpful guys!

Great strategy btw! Even allows you to make some pips in horrible rangey days like yesterday and today - if you're sensible about exits.....

Thanks for sharing :-)
  • #596
  • Jul 20, 2012 5:10am Jul 20, 2012 5:10am
A perfect world, daily Support 1 reached ...
Attached Image (click to enlarge)
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  • #597
  • Jul 20, 2012 5:13am Jul 20, 2012 5:13am
After watching all available indies for over 50 hours this week, i finally have my PIPSTAR winners, i will announce them in no particular order

1) Candles not HA

2) The matix of course

3) DWM pivots

4) My 3 favourite MA,s

and last but not least
the MTF stoch

I will now conduct a trade plan based on the above with the rules i have observed for each one, in able to be a fully fledged PIPSTAR in December, then i can drive Olivia and RJ nuts all day 5 days a week
  • #598
  • Jul 20, 2012 5:14am Jul 20, 2012 5:14am
Hi guys n gals.
Just want to say hi. Love the thread, and appreciate the depth of experience of some of you seasoned traders.

Just looking at EU M1 M5 and M15. All seem to be shaping up for a long. Whatchu think?
  • #599
  • Jul 20, 2012 5:15am Jul 20, 2012 5:15am
Quoting futurespeter
A perfect world, daily Support 1 reached ...
It's magic, no?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #600
  • Jul 20, 2012 5:16am Jul 20, 2012 5:16am
Quoting Cody_R
You should only set the time frame to a higher value than the chart of attachment, not lower. So if you want the M5 and M15, the time period of the chart should be M5, and the second matrix set to 15 (or just Auto = 1).

yep, noticed that, doesnt take -1 my bad, just use on upper tf.
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