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Genesis Matrix Trading

  • #821
  • Jul 23, 2012 9:01am Jul 23, 2012 9:01am
Quoting realjumper
The short from 2116 was a textbook short....Genesis + Stoch + Yellow EMA and even the arrow.......how did you miss that?
My 5 min stoch showed oversold...well near to being....ah...well i suppose near isn't oversold is it so my bad

http://img16.imageshack.us/img16/3503/missedtrade.jpg

Blue shows entry and i thought that the 5 min stoch was showing an opposite signal (admittedly still going down but a 37 reading i thought was not good for a sell trade) to what the 15 min was showing....i guess i should have just looked at the 15 min stoch as the main indicator there. Its me not the method clearly!
  • #822
  • Jul 23, 2012 9:07am Jul 23, 2012 9:07am
Quoting Mr Pippy
My 5 min stoch showed oversold...well near to being....ah...well i suppose near isn't oversold is it so my bad
No it didn't, your dreaming!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 155 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #823
  • Jul 23, 2012 9:16am Jul 23, 2012 9:16am
5M GENESİS ALL WHİTE)) lets ride this one after candle close perhaps after this very low could be a real big signal its not so easy to go more down as we likely be never so deep ..
" Accepting losses is the most important single investment devise "
  • #824
  • Jul 23, 2012 9:31am Jul 23, 2012 9:31am
Will come back to you RJ....long on g/u
  • #825
  • Jul 23, 2012 9:34am Jul 23, 2012 9:34am
Quoting Mr Pippy
Will come back to you RJ....long on g/u
I'm going to be gone in a minute cos it's 2.30am. Read back through the thread and look at some charts. In that chart I just posted, the peak of the PA was 4 candles back....as was the peak in the stoch.......as I said in post #2, the stoch was falling from an OB state..........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #826
  • Jul 23, 2012 9:37am Jul 23, 2012 9:37am
Quoting realjumper
I'm going to be gone in a minute cos it's 2.30am. Read back through the thread and look at some charts. In that chart I just posted, the peak of the PA was 4 candles back....as was the peak in the stoch.......as I said in post #2, the stoch was falling from an OB state..........
Quoting realjumper
No it didn't, your dreaming!!!
Your the man, so I will never fight you on something like this and if anything question my judgement on what was clearly an error on my part. Entry is after genesis confirms colour change correct? And so my entry line, on the second set of bars shows that the stoch is below the stoch reading you have on your entry line.....

I'm not questioning you or the method....merely seeking clarification.

I'm getting muddled here.
  • #827
  • Jul 23, 2012 9:41am Jul 23, 2012 9:41am
Quoting Mr Pippy
Your the man, so I will never fight you on something like this and if anything question my judgement on what was clearly an error on my part. Entry is after genesis confirms colour change correct? And so my entry line, on the second set of bars shows that the stoch is below the stoch reading you have on your entry line.....

I'm not questioning you or the method....merely seeking clarification.

I'm getting muddled here.
Just keep practising Mr Pippy you'll get there and we've all been where you are now.
.... laughing all the way to the bank
  • #828
  • Jul 23, 2012 9:43am Jul 23, 2012 9:43am
Quoting itsallover
Just keep practising Mr Pippy you'll get there and we've all been where you are now.
You see now on cable I got out as the 5 min stoch went into overbought and was pointed down....the 15 min stoch is fine however.....

At the time I thought PA suggests a reversal but again as usual I've misread the stochs.....I need to have more faith in myself as well.
  • #829
  • Jul 23, 2012 9:55am Jul 23, 2012 9:55am
Quoting Mr Pippy
You see now on cable I got out as the 5 min stoch went into overbought and was pointed down....the 15 min stoch is fine however.....

At the time I thought PA suggests a reversal but again as usual I've misread the stochs.....I need to have more faith in myself as well.
I'm no expert on stochs but I'd have been inclined to control the trade with the 15 Min stoch.
So you entered using the 5 Min stoch which should be confirmed by the 15 Min stoch and use the 15 Min stoch to exit the trade.
.... laughing all the way to the bank
  • #830
  • Jul 23, 2012 9:56am Jul 23, 2012 9:56am
Quoting itsallover
I'm no expert on stochs but I'd have been inclined to control the trade with the 15 Min stoch.
So you entered using the 5 Min stoch which should be confirmed by the 15 Min stoch and use the 15 Min stoch to exit the trade.
I think i need to improve my assessment of the 5 min stoch. I just took the 5 min stoch off leaving only the 15 min and immediately it all looks less scary. However, that isn't how the method works so I need to man up and improve my stoch judgments
  • #831
  • Jul 23, 2012 10:35am Jul 23, 2012 10:35am
Quoting Mr Pippy
Entry is after genesis confirms colour change correct? And so my entry line, on the second set of bars shows that the stoch is below the stoch reading you have on your entry line
The entry is at the close of the bar where RJ have his line. That is normally more or less the same time and the same price as the open of the bar where you have your line and that is the time of entry. That means you read the stoch (and other indicators) at the last closed bar and that is where RJ have his line. So the line on your chart is not at the "wrong" bar because you enter at the open of that bar (the close of the previous bar) but you are busy entering the trade at that exact time so you read the stoch at the close of the previous bar where RJ have his line. The stoch and the other indicators will no longer be changing (repainting) at the closed bar. Your bar is still "live".
English is not my language so i am not sure if that sounds logic but anyway both RJ's line and your line is correct because in forex the close of one bar is almost always more or less the same as the open of the next.

Arctic4x
  • #832
  • Jul 23, 2012 10:43am Jul 23, 2012 10:43am
Quoting Arctic4x
The entry is at the close of the bar where RJ have his line. That is normally more or less the same time and the same price as the open of the bar where you have your line and that is the time of entry. That means you read the stoch (and other indicators) at the last closed bar and that is where RJ have his line. So the line on your chart is not at the "wrong" bar because you enter at the open of that bar (the close of the previous bar) but you are busy entering the trade at that exact time so you read the stoch at the close of the previous bar...
Its as I thought in fact and this became clear the more I looked at the picture so thankyou for confirming this for me!!! Much appreciated!
  • #833
  • Jul 23, 2012 10:43am Jul 23, 2012 10:43am
Here is 2TF Color Stochastic Indicator with Directiondisplay.
Maybe this helps you to determine the trend.

Attached Image (click to enlarge)
Click to Enlarge Name: stoch.jpg Size: 135 KB
Attached File(s)
File Type: mq4 !2TF Color Stochastic with Direction.mq4   15 KB | 1,307 downloads
  • #834
  • Jul 23, 2012 10:44am Jul 23, 2012 10:44am
Quoting jamesT.
Here is 2TF Color Stochastic Indicator with Directiondisplay.
Maybe this helps you to determine the trend.

Attachment
If this is all correct then...yes...MASSIVELY!!!! Many many thanks!!!!
  • #835
  • Jul 23, 2012 10:51am Jul 23, 2012 10:51am
Quoting jamesT.
Here is 2TF Color Stochastic Indicator with Directiondisplay.
Maybe this helps you to determine the trend.

Attachment
What are the correct settings apart from 11 3 3...not sure what the other stuff should be set to??

http://img36.imageshack.us/img36/5239/stochsettings.jpg

Many thanks!

Edit
-----

I understand the MA and price fields should be set to 0 and 0 for high/low and sma....
  • #836
  • Jul 23, 2012 11:08am Jul 23, 2012 11:08am
Quoting Mr Pippy
What are the correct settings apart from 11 3 3...not sure what the other stuff should be set to??

http://img36.imageshack.us/img36/5239/stochsettings.jpg

Many thanks!

Edit
-----

I understand the MA and price fields should be set to 0 and 0 for high/low and sma....
Here are the correct settings

Attached Image


Attached Image


Attached Image
  • #837
  • Edited 11:45am Jul 23, 2012 11:21am | Edited 11:45am
Quoting Mr Pippy
I understand the MA and price fields should be set to 0 and 0 for high/low and sma....
MrPippy (& others),

This version of the MTF Stox changes colour once the price is above 80 or below 20, saving a lot of squinting for old folks like me + there's no wondering if it closed at 20.01 or 19.99 lol

I have:
.Inputs tab at 0 for SMA & 1 for Close/Close, rather than 0 for high/low (I think that 1 is the default setting in RJ's template too).
.Colour tab:
None (so that the ---- line doesn't appear)
Colour of your chosing for between 20 & 80
Red (overbought)
Lime (oversold)
Oli

PS (Important Correction to the above): looking at RJ's last chart & Ohammond charts, their Stox look like they are on High/Low & not Close/Close. My apologies for the earlier wrong statement but I'll ask them tomorrow to clarify.

As you can see from the 2nd picture, there is a fair bit of difference between close/close (top) and high/low (bottom)...
Attached Image (click to enlarge)
Click to Enlarge Name: Colour Stox.png Size: 37 KB
Attached File(s)
File Type: mq4 Color Stochastic.mq4   5 KB | 921 downloads
  • #838
  • Jul 23, 2012 12:37pm Jul 23, 2012 12:37pm
Quoting olivierforex
looking at RJ's last chart & Ohammond charts, their Stox look like they are on High/Low & not Close/Close
That is correct. Or at least that is the settings in the template uploaded by RJ in post 1.

This image is from the stoch in the template:
Attached Image
  • #839
  • Jul 23, 2012 2:30pm Jul 23, 2012 2:30pm
Quoting jamesT.
Here is 2TF Color Stochastic Indicator with Directiondisplay.
Maybe this helps you to determine the trend.

Attachment
Thanks for this new Stochastic Indicator too James.
If you could have one with vertical lines it would be weven better. Ups, I think I have already mentioned this two or three times - I know there is one on the TSD Elite forum but I am not ready to pay 11 bucks fee p.m. to get only this indie.
  • #840
  • Jul 23, 2012 3:01pm Jul 23, 2012 3:01pm
Quoting CandleStar
Thanks for this new Stochastic Indicator too James.
If you could have one with vertical lines it would be weven better. Ups, I think I have already mentioned this two or three times - I know there is one on the TSD Elite forum but I am not ready to pay 11 bucks fee p.m. to get only this indie.
Hi james,
Do you mean like the one at the bottom of this chart?
red: overbought
lime: oversold
dark green: rising
orange: falling
Attached Image (click to enlarge)
Click to Enlarge Name: Stochastic Bars.png Size: 35 KB
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