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Genesis Matrix Trading

  • #681
  • Jul 20, 2012 7:05pm Jul 20, 2012 7:05pm
Quoting wiz3003
Here my trade today EU (red vertical lines entry/exit) :

Set up :
Price has been ranging between DP and 1.225 (35 pips range) for many hours. A couple after London open PA touches again DP and bounces back and makes an outside bar in H1 TF.

· H1 PA below MA5
· H1 matrix 4 red
[font=Symbol]·...
Nicely done Wiz, and great explanation.....thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #682
  • Jul 20, 2012 8:06pm Jul 20, 2012 8:06pm
of correlated pairs. pardon exits, still has the noob jitters. 205 pips counting only the lower number for halved positions.

when GU signaled a full M5 short signal with conviction, CJ,EJ,EU were switched to M1 to short.

happy weekend everyone!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Jul20 CJ.png Size: 49 KB
Click to Enlarge Name: Jul20 EJ.png Size: 47 KB
Click to Enlarge Name: Jul20 EU.png Size: 41 KB
Click to Enlarge Name: Jul20 GU.png Size: 36 KB
  • #683
  • Jul 21, 2012 1:29am Jul 21, 2012 1:29am
Quoting yelena
of correlated pairs. pardon exits, still has the noob jitters. 205 pips counting only the lower number for halved positions.

when GU signaled a full M5 short signal with conviction, CJ,EJ,EU were switched to M1 to short.

happy weekend everyone!
Really well done Yelena, counting those pips properly, that means the ones that were split in half, add the 2 figures together and divide by 2 to get the average for the trade it actually comes to 262.5 for the day
  • #684
  • Jul 21, 2012 2:26am Jul 21, 2012 2:26am
Quoting slim410
Hello fellow traders! (my 1st post )

I'm an absolute noob but i have done about 7 months of educating myself about forex. I congratulate the traders that developed this system and wish them great success (even greater success ).

As i was reading what people are saying and attempting to trade the system myself I ended up losing money primarily because well..im a noob. But id love some help to hopefully fix that, like eg i always end up opening a valid position based on seeing an arrow (and all other criteria) and it does reach ~10pips profit,...
Hi, and welcome.

Firstly, please read the thread. At this stage there aren't too may pages and you should be able to read them in a couple of days.....if you do this, you will have the answers to your questions.

Secondly, your charts match mine perfectly......the lower chart of yours, which is from the 17th of this month is the same as mine. I don't see your problem
Doing what you like is Freedom. Liking what you do is Happiness.
  • #685
  • Jul 21, 2012 3:08am Jul 21, 2012 3:08am
Quoting yelena
of correlated pairs. pardon exits, still has the noob jitters. 205 pips counting only the lower number for halved positions.

when GU signaled a full M5 short signal with conviction, CJ,EJ,EU were switched to M1 to short.

happy weekend everyone!
Jelena,
what does it mean ... number(half) in your pitcures?

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #686
  • Jul 21, 2012 5:08am Jul 21, 2012 5:08am
hi yelena,

what you are using stoch indicator mtf 15 min?
  • #687
  • Jul 21, 2012 5:24am Jul 21, 2012 5:24am
Quoting wiz3003
Jelena,
what does it mean ... number(half) in your pitcures?

ciao

wiz
Its where she split the trade in half, so took profit on one half left the other half to ride. She only counted the smaller amount in her pip count whereas I counted them properly and added the 2 together and divided by 2 so it got the average for the trade.
  • #688
  • Jul 21, 2012 5:24am Jul 21, 2012 5:24am
Quoting guenter487
hi yelena,

what you are using stoch indicator mtf 15 min?
Yes she is, she's using the M5 and M15 stochs, link on the first post.
  • #689
  • Jul 21, 2012 5:41am Jul 21, 2012 5:41am
Quoting wiz3003
Jelena,
what does it mean ... number(half) in your pitcures?

ciao

wiz
I believe that it's the same scenario as what you did when one is trading either with multiple lots or lots that you can 'split': you took 1/3 of your eurusd trade at 2156 and left 2/3 running and yelena took 1/2 of her positions at the first levels stated and the other 1/2 at the next levels (I imagine that when the first levels were reached, she also put the s/l on the remainder of the trades at b/e, but let her confirm that).
Oli

PS: Olivia is a faster typist and beat me to the explanation...
  • #690
  • Jul 21, 2012 6:07am Jul 21, 2012 6:07am
Quoting yelena
of correlated pairs. pardon exits, still has the noob jitters. 205 pips counting only the lower number for halved positions.

when GU signaled a full M5 short signal with conviction, CJ,EJ,EU were switched to M1 to short.

happy weekend everyone!
Hi Yelena,

When you have a minute, I have a few quick questions regarding your entries yesterday ... with cable(gbpusd) serving as your short entry trigger for the other 3 pairs you started looking at the M1 charts from 14.30 (at the end of the 14.25 M5 gbpusd candle).

At the end of the 14.30 candles the M1 matrixes for EU EJ & ChJ were all short but looking at your screenshots for your entry levels, it looks like you waited for the previous lows on each pairs to be breached before entering (safe) but obviously that is not the only reason as for example, your EU entry is much lower that for the other 2.

1) do you mind telling me(us) the exact criteria for entries (I wondered if you waited for an actual M1 Close below the previous lows before entering (rather than just a breach) but that doesn't seem to be the case with all 3 pairs...

2) on a more trivial note, is that a maine Coon in your avatar picture?

Tia.
Oli
  • #691
  • Jul 21, 2012 7:11am Jul 21, 2012 7:11am
Quoting slim410
Hello fellow traders! (my 1st post )

I'm an absolute noob but i have done about 7 months of educating myself about forex. I congratulate the traders that developed this system and wish them great success (even greater success ).

As i was reading what people are saying and attempting to trade the system myself I ended up losing money primarily because well..im a noob. But id love some help to hopefully fix that, like eg i always end up opening a valid position based on seeing an arrow (and all other criteria) and it does reach ~10pips profit,...
Hi & welcome Slim as it was your first post,

I'll try to answer your points in as much details as I can...

The difference between your 2 posted charts is that the top one shows the basic MT4 candlesticks/candles and the bottom one shows Heiken Ashi (HA) candles, favoured by RJ and others (a part of RJ's setup is that the HA candle following a Matrix signal must open clear of the yellow MA). Below I've reposted an old Pdf of his (the Genesis matrix is now different but the trading principles are still the same: worth a good read and another read and...).

Regarding your 10 pips profit/30 pips loss..... bear in mind that in here a lot of people will quote TP (Target Points) & SL (Stop Loss) based on the M5 timeframe (TF): I don't trade the M15 TF but it makes sense that for a higher TF, the SL and the TP will have to be larger on most occasions.

As for your 'failed' trade example here are my thoughts:
.RJ and others always make the point of the importance of trading with rather than against pivot/support/resistance points/lines. For example, if the PA (Price Action) goes up towards the R1 resistance level and it fails there once and then twice, then they will more than likely enter a short trade if they get a valid sell signal around the R1 level.
.in your case, the price was already nearly 2/3 up between the Daily Pivot (DP) support and R1, in what is known as 'no man's land':
1) there was at best another 15/20 pips to be had between your entry and a safe 'around-R1' exit so the 2310/15 area should have been in your thoughts as a possible exit level, or you should at least be putting your SL at B/E (Break Even) then.
2) using the same setup (Long heading towards R1), the previous entry where the previous yellow arrow was (2275), offered a better Risk/Reward (RR) setup: R1 at 2315 was a good 40 pips away and you could have hidden your SL below the previous low (2250 - 25 pips) or below the DP (2240 -35 pips) still maintaining a R/R above 1 at least. I know that the entry was outside 'recommended' trading hours but it's just to explain my point.
3) a third 'warning' would have been that the price had already been brought down from the R1 area and if it got rejected again, the likely rejection could be swift because of the potential Double Top forming at 2315. I say 'swift' for the following reason....
.at your entry point, nobody knows whether the price will get rejected again at R1 or not
.plenty of speculative traders will join the Long bandwagon as we are going up again because they know that if we break R1 decisively then we could have a big move up (because all the people who were short approaching 2315 and hoping that the level will hold again, will have to cover their shorts fueling the move upwards even more).
.the flipside of that is that when faced with a double top/R1 rejection again, the Longs will also exit their positions quickly and you get a swift move to the downside as everybody tries to exit at the same time and for those who don't exit quick enough, their SL is likely to get hit pretty quickly.

All the best.
Oli
Attached File(s)
File Type: pdf RJ - How I Trade M5 & M1 charts.pdf   369 KB | 8,689 downloads
  • #692
  • Jul 21, 2012 7:30am Jul 21, 2012 7:30am
Quoting slim410
Hello fellow traders! (my 1st post )

I'm an absolute noob but i have done about 7 months of educating myself about forex. I congratulate the traders that developed this system and wish them great success (even greater success ).

As i was reading what people are saying and attempting to trade the system myself I ended up losing money primarily because well..im a noob. But id love some help to hopefully fix that, like eg i always end up opening a valid position based on seeing an arrow (and all other criteria) and it does reach ~10pips profit,...
One thing you could do easily, study Yelena's chart of entries carefully. http://www.forexfactory.com/showthre...76#post5864076 a lesson in how to trade, wait for the right conditions then go, you will save a lot of losses that way.
  • #693
  • Jul 21, 2012 7:32am Jul 21, 2012 7:32am
The current matrix limits the number of bars you can backtest to 1500 for the T3 line.

The files attached will allow you to backtest the matrix further, up to the number of bars on your chart, if you wish. There is one additional parameter available when you attach the matrix to your chart: T3_8.BarCount with a default value of 1500. Change the 1500 to a higher number to allow the T3 line to display accurately further back in time.

http://i50.tinypic.com/iege50.jpg

Use the default for live and demo trading to prevent sluggish response. Use a larger value for backtesting only.

Place the attached files into your MT4's \experts\indicators folder and restart MT4.

Attach the new matrix, change this parameter for backtesting, and you're good to go.
Attached File(s)
File Type: mq4 GenesisMatrix 2.21_1.mq4   20 KB | 1,206 downloads
File Type: ex4 GenesisMatrix 2.21_1.ex4   18 KB | 840 downloads
  • #694
  • Jul 21, 2012 7:34am Jul 21, 2012 7:34am
Quoting Cody_R
The current matrix limits the number of bars you can backtest to 1500 for the T3 line.

The files attached will allow you to backtest the matrix further, up to the number of bars on your chart, if you wish. There is one additional parameter available when you attach the matrix to your chart: T3_8.BarCount with a default value of 1500. Change the 1500 to a higher number to allow the T3 line to display accurately further back in time.

http://i50.tinypic.com/iege50.jpg

Use the default for live and demo trading to prevent sluggish response....
Excellent thank you Cody
  • #695
  • Jul 21, 2012 8:18am Jul 21, 2012 8:18am
Quoting ohammond
Its where she split the trade in half, so took profit on one half left the other half to ride. She only counted the smaller amount in her pip count whereas I counted them properly and added the 2 together and divided by 2 so it got the average for the trade.
... and I suppose the number is the amount of pips.

Thank you Olivia

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #696
  • Jul 21, 2012 8:20am Jul 21, 2012 8:20am
Quoting olivierforex
I believe that it's the same scenario as what you did when one is trading either with multiple lots or lots that you can 'split': you took 1/3 of your eurusd trade at 2156 and left 2/3 running and yelena took 1/2 of her positions at the first levels stated and the other 1/2 at the next levels (I imagine that when the first levels were reached, she also put the s/l on the remainder of the trades at b/e, but let her confirm that).
Oli

PS: Olivia is a faster typist and beat me to the explanation...
Thank you Olivierfx
You control how you trade; the market controls how and when you'll get paid
  • #697
  • Jul 21, 2012 8:22am Jul 21, 2012 8:22am
Quoting Cody_R
The current matrix limits the number of bars you can backtest to 1500 for the T3 line.

The files attached will allow you to backtest the matrix further, up to the number of bars on your chart, if you wish. There is one additional parameter available when you attach the matrix to your chart: T3_8.BarCount with a default value of 1500. Change the 1500 to a higher number to allow the T3 line to display accurately further back in time.

http://i50.tinypic.com/iege50.jpg

Use the default for live and demo trading to prevent sluggish response....
Hi Cody,
Can you just confirm/deny that apart from T3 & GHL having switched positions in the Genesis matrix, the internals are the same than your earlier work on Xaphod's STSn matrix? I haven't noticed any difference yet in charts posted in here but I just want to be sure as I don't monitor the same instruments than most.
Tia.
Oli
  • #698
  • Jul 21, 2012 8:24am Jul 21, 2012 8:24am
Quoting wiz3003
Thank you Olivierfx
'Oli' will do ... 'olivierforex' is a bit of a mouthful lol
  • #699
  • Jul 21, 2012 8:54am Jul 21, 2012 8:54am
Quoting olivierforex
Hi Cody,
Can you just confirm/deny that apart from T3 & GHL having switched positions in the Genesis matrix, the internals are the same than your earlier work on Xaphod's STSn matrix? I haven't noticed any difference yet in charts posted in here but I just want to be sure as I don't monitor the same instruments than most.
Tia.
Oli
It's all still the same, Oli. I just exposed the BarCount here so you can adjust it.
  • #700
  • Jul 21, 2012 9:06am Jul 21, 2012 9:06am
ok, thank you other variant mtf M15 stoch




Quoting ohammond
Yes she is, she's using the M5 and M15 stochs, link on the first post.
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