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Genesis Matrix Trading

  • #841
  • Jul 23, 2012 1:09pm Jul 23, 2012 1:09pm
Quoting olivierforex
Olivia, did you play GU on M1 (I'm asking because M5 signals were in no man's land, too close to the DP or S1 for my liking)?
Sorry for the late reply but I've been out all day. This is the signal for the trade on GU this morning, it was 5minutes before Frankie and I'm usually not one to take chances with the opening but it looked good and I had to go out so took a chance, the stop loss was reasonably small, it had closed below the monthly pivot (pink horizontal line) and S1 (red horizontal line) and S2 was a good distance down, so took the trades on AU (similar looking) and GU and left the TP at 25 pips each to be on the safe side.
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.gif Size: 29 KB
  • #842
  • Jul 23, 2012 1:32pm Jul 23, 2012 1:32pm
Quoting CandleStar
Thanks for this new Stochastic Indicator too James.
If you could have one with vertical lines it would be weven better.
As I explained.....at length.......in this post, the stochastic oscillator is much more than a simple 'overbought/oversold' indicator, yet I see a couple of people here using it, or trying to use in that way. It is much more useful than that.....we haven't even really got into it yet!!!

Instead of looking for the easy way out, try to understand the stoch. Olivia and Oli understand it, so they can help if I'm not around.

If you take the time and put in the effort, you will be rewarded!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #843
  • Jul 23, 2012 1:35pm Jul 23, 2012 1:35pm
Quoting realjumper
As I explained.....at length.......in this post, the stochastic oscillator is much more than a simple 'overbought/oversold' indicator, yet I see a couple of people here using it, or trying to use in that way. It is much more useful than that.....we haven't even really got into it yet!!!

Instead of looking for the easy way out, try to understand the stoch. Olivia and Oli understand it, so they can help if I'm not around.

If you take the time and put in the effort, you...
And what are you doing up??
  • #844
  • Jul 23, 2012 1:48pm Jul 23, 2012 1:48pm
Quoting ohammond
And what are you doing up??
Got up for a coffee......back to sleep soon
Doing what you like is Freedom. Liking what you do is Happiness.
  • #845
  • Jul 23, 2012 2:16pm Jul 23, 2012 2:16pm
Quoting olivierforex
Hi james,
Do you mean like the one at the bottom of this chart?
red: overbought
lime: oversold
dark green: rising
orange: falling
I am not James -

No, I mean dotted vertical lines on the surface where the candles are printed (instead of arrows).
  • #846
  • Jul 23, 2012 2:22pm Jul 23, 2012 2:22pm
Quoting realjumper
As I explained.....at length.......in this post, the stochastic oscillator is much more than a simple 'overbought/oversold' indicator, yet I see a couple of people here using it, or trying to use in that way. It is much more useful than that.....we haven't even really got into it yet!!!

Instead of looking for the easy way out, try to understand the stoch. Olivia and Oli understand it, so they can help if I'm not around.

If you take the time and put in the effort, you...
Thanks RJ,

have copied it and will read it tomorrow morning, too tired now after a very successful day -

I never looked at it as overbought/oversold. I look at it as "what is happening on the M15 stochastic-wise" whereas I am looking at the M5 with its own stochastic at the same time. That helped me tremendously today ( just to trade long whereas my mind/psychology told me not to do it cause of all the negative news coming from Europe. The stochastics were right and I was happy to trade it. Would never have done that a few days before.).
  • #847
  • Jul 23, 2012 2:36pm Jul 23, 2012 2:36pm
Quoting ohammond
This is the signal for the trade on GU this morning, it was 5minutes before Frankie and I'm usually not one to take chances with the opening but it looked good and I had to go out so took a chance, the stop loss was reasonably small, it had closed below the monthly pivot (pink horizontal line) and S1 (red horizontal line) and S2 was a good distance down, so took the trades on AU (similar looking) and GU and left the TP at 25 pips each to be on the safe side.
Thanks Olivia: I was talking about the next 2 possible trades where the next 2 arrows are and I hadn't thought that you might have entered before the Frankfurt open; all clear now. cheers
  • #848
  • Jul 23, 2012 2:58pm Jul 23, 2012 2:58pm
Quoting CandleStar
Thanks RJ,

have copied it and will read it tomorrow morning, too tired now after a very successful day -

I never looked at it as overbought/oversold. I look at it as "what is happening on the M15 stochastic-wise" whereas I am looking at the M5 with its own stochastic at the same time. That helped me tremendously today ( just to trade long whereas my mind/psychology told me not to do it cause of all the negative news coming from Europe. The stochastics were right and I was happy to trade it. Would never have done that a few days before.).
Excellent!! It's well worth the effort of learning
Doing what you like is Freedom. Liking what you do is Happiness.
  • #849
  • Jul 23, 2012 4:40pm Jul 23, 2012 4:40pm
Thanks for the great thread. Learning alot!
  • #850
  • Jul 23, 2012 9:30pm Jul 23, 2012 9:30pm
Quoting realjumper
Never mind NY open.......try this little exercise. ....
Don't over complicate it!
Have been following in the background in recent days, and sat down to do that exercise. Went to 1st post to re check SL strategy to see how I could implement in my small account. Noticed something that seems to have got lost in all the noise:

"The idea is that you recognise that the PA has turned and you need to manually exit the trade and consider entering the opposite way"

Not sure if that has been touched on, in the discussion so far.
EP
  • #851
  • Jul 23, 2012 10:42pm Jul 23, 2012 10:42pm
Quoting EaglePip
Have been following in the background in recent days, and sat down to do that exercise. Went to 1st post to re check SL strategy to see how I could implement in my small account. Noticed something that seems to have got lost in all the noise:

"The idea is that you recognise that the PA has turned and you need to manually exit the trade and consider entering the opposite way"

Not sure if that has been touched on, in the discussion so far.
EP
Recognising the difference between a pull back and reversal, even a short term reversal, is not something for which there is a formula or a set of rules. Of course, if we get a complete opposite signal, then you can take as a prudent time to exit, but it may not have been the optimum time to exit.

It's really one of things that comes with hours and hours of chart time and trading......and even then, mistakes still occur. Even if you exit a move early and the PA continues in it's direction after a pullback, it's not the end of the world. Some profit is better than no profit, and after a pullback you will nearly always a good Genesis signal to re-enter. If not.....watch and learn. )
Doing what you like is Freedom. Liking what you do is Happiness.
  • #852
  • Jul 23, 2012 11:17pm Jul 23, 2012 11:17pm
Short on A/U....
  • #853
  • Jul 23, 2012 11:18pm Jul 23, 2012 11:18pm
Why? Stoch hasn't been above 80...............
  • #854
  • Jul 23, 2012 11:26pm Jul 23, 2012 11:26pm
Quoting Gt3rs
Why? Stoch hasn't been above 80...............
IMO the 5 min stoch was healthy enough and the 15 min was down also from overbought so I took it on.....taken half profits at the pivot and moved stop to BE.
  • #855
  • Jul 23, 2012 11:32pm Jul 23, 2012 11:32pm
Aud/Usd testing Daily Pivot - possible set-up?

Pete
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd.gif Size: 22 KB
  • #856
  • Jul 23, 2012 11:34pm Jul 23, 2012 11:34pm
I only took EU and GU before Frankies open because they were the only ones that were far enough away from the pivot to move to BE if needed.
  • #857
  • Jul 23, 2012 11:36pm Jul 23, 2012 11:36pm
Thanks RJ & the team for this system! Genesis is a great indicator!

Are you also trading Genesis on M1? Most of the screenshots show the 5 minute timeframe..

Have a great day guys!
Mathias
  • #858
  • Jul 23, 2012 11:39pm Jul 23, 2012 11:39pm
Quoting Cyrus7
Thanks RJ & the team for this system! Genesis is a great indicator!

Are you also trading Genesis on M1? Most of the screenshots show the 5 minute timeframe..

Have a great day guys!
Mathias
M5 is my preferred time frame but I use M1 when the PA won't behave itself on M5.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #859
  • Jul 23, 2012 11:56pm Jul 23, 2012 11:56pm
Fair bit of news for the euro coming up so price may be a bit choppy?
  • #860
  • Jul 24, 2012 12:06am Jul 24, 2012 12:06am
Quoting realjumper
Recognising the difference between a pull back and reversal, .

It's really one of things that comes with hours and hours of chart time and trading......
I can see that is what I will have to work at. Find it hard to just watch the charts and have missed some good opportunities. I suppose few profitable trades will quickly change that.
EP
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