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Genesis Matrix Trading

  • #1,041
  • Jul 25, 2012 6:52am Jul 25, 2012 6:52am
Quoting yelena
you will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winners (depending on how you exit of course... but im a scardie cat)
Can you explain it in other words because i am not sure if i understand it corectly. Please
  • #1,042
  • Jul 25, 2012 6:53am Jul 25, 2012 6:53am
Quoting antantnz
I use Steve Hopwood's Multi Purpose Trade Manager, and then a variant of it that allows for ATR based jumping stops ... found here .

So I use that to set ATR based SLs & TPs, to set BE and to run jumping stops etc. It may not be the best way to do it for Genesis, but it works for me and just means I can focus more on deciding whether to enter or not. It also has a heap of other functions. The home of MPTM is now no longer on ff - google can help you find it.

The best...
thanks ant
  • #1,043
  • Jul 25, 2012 6:56am Jul 25, 2012 6:56am
Quoting Mr Pippy
Could you elaborate on your point tho. As I see it there was momentum on the 1 min chart???

Sorry to keep ask questions, there's been sooo many informative posts today...I just want to keep adding to my book of notes!!
M1 bar = trend trading / re-entry
M5 bar = counter trend. you need momentum. i think 1 M5 bar can show you momentum. take a look at the M5 bar at the open of london session. that is momentum in 1 M5 bar.
Attached Image
  • #1,044
  • Jul 25, 2012 7:02am Jul 25, 2012 7:02am
Quoting Cyrus7
This indi isn't on my chart but I know that the NYSE will open in 1h and 40 minutes.. (09:30 NY time - at the moment it's 07:52 in NY) or I'm totally wrong with everything today?!
Correct, some minutes to go and it's 8 am there. At 8 am the first traders will start to work in NY. There leading index Dow Jones should open 1h later. But will open 1h and 30 minutes later as a security process to prevent crazy market situations (remember black friday).

So, as futures in a connected world are nearly always possible to trade, the NY session starts at 8 am NY-time, as they are getting busy over there.

Similar situation in Frankfurt, they open at 8 am too (german time) but our leading index DAX opens at 9 am.

Okay?


regards

chriss
  • #1,045
  • Jul 25, 2012 7:05am Jul 25, 2012 7:05am
Quoting yelena
M1 bar = trend trading / re-entry
M5 bar = counter trend. you need momentum. i think 1 M5 bar can show you momentum. take a look at the M5 bar at the open of london session. that is momentum in 1 M5 bar.
Will look at this. Thx. Just digesting the information.
  • #1,046
  • Jul 25, 2012 7:06am Jul 25, 2012 7:06am
Quoting Cyrus7
This indi isn't on my chart but I know that the NYSE will open in 1h and 40 minutes.. (09:30 NY time - at the moment it's 07:52 in NY) or I'm totally wrong with everything today?!
9:30am EST is the US equities.
8am EST is the NY session

so did you take the short? coz i did, and i took it out at 10 pips at 5% exposure. R1 is the nearest target but i like my cozy 10 for high exposure
Attached Image
  • #1,047
  • Jul 25, 2012 7:07am Jul 25, 2012 7:07am
Quoting chrissfx
Correct, some minutes to go and it's 8 am there. At 8 am the first traders will start to work in NY. There leading index Dow Jones should open 1h later. But will open 1h and 30 minutes later as a security process to prevent crazy market situations (remember black friday).

So, as futures in a connected world are nearly always possible to trade, the NY session starts at 8 am NY-time, as they are getting busy over there.

Similar situation in Frankfurt, they open at 8 am too (german time) but our leading index DAX opens at 9 am.

Okay?


regards

chriss...
Many thanks criss, now I got it..

großes Dankeschön nach Deutschland.. ;-)
Mathias
  • #1,048
  • Jul 25, 2012 7:11am Jul 25, 2012 7:11am
Quoting yelena
9:30am EST is the US equities.
8am EST is the NY session

so did you take the short? coz i did, and i took it out at 10 pips at 5% exposure. R1 is the nearest target but i like my cozy 10 for high exposure
Thanks yelena! No i didn't because my stoch was already oversold and so i wasn't sure about this..

Congrats.. ;-)


Mathias
  • #1,049
  • Jul 25, 2012 7:17am Jul 25, 2012 7:17am
Quoting Cyrus7
Many thanks criss, now I got it..

großes Dankeschön nach Deutschland.. ;-)
Mathias


Supi, selten das man mal einen aus Deutschland trifft. Die meisten denken Forex ist was zum Essen


I have to go to the gym... good trading to all!

chriss
  • #1,050
  • Jul 25, 2012 7:23am Jul 25, 2012 7:23am
Quoting Arctic4x
Hi. I can not see the price on your image but i think your pivots may be wrong.
When you say "R1 bounce off" i guess you are talking about a bounce down from the R1? I think that is wrong.
The daily R1 should be at 2118 if this site is correct: http://www.actionforex.com/markets/p...2010040848154/
I am not sure where your R1 is but from my understanding it is to high on your chart.
Maybe i am wrong....

Arctic4x
Hy Arctic! Yes, you're right! I was talking about the bouce down from R1.
My chart shows AUDUSD and I guess that you're talking about EURUSD, correct? I use the AutoPivot indicator and my AUDUSD R1 is 1.0286 (hope that's right)

Regards,
Mathias
  • #1,051
  • Jul 25, 2012 7:24am Jul 25, 2012 7:24am
Long on e/u or is a pull back i wonder
  • #1,052
  • Jul 25, 2012 7:36am Jul 25, 2012 7:36am
Quoting Cyrus7
My chart shows AUDUSD and I guess that you're talking about EURUSD, correct?
Thanks. That explains it. Yes i was talking about EURUSD

Arctic4x
  • #1,053
  • Jul 25, 2012 7:45am Jul 25, 2012 7:45am
Quoting yelena
yeap! jump off from yesterday's high. hello R2 (or 10 pips )
Should have taken the money off the table....didn't thus BE...what an idiot I am
  • #1,054
  • Jul 25, 2012 7:51am Jul 25, 2012 7:51am
Quoting yelena
it's okay as long as it was a green BE together with spread. and not a red BE. that's why i love my 10 pips... 10 pips on the short and 10 on the long (within 1 hour before and after NY session open)

i think we have a double top...
Yeah it was.....10 pips is actually the way to go I think.....
  • #1,055
  • Jul 25, 2012 8:00am Jul 25, 2012 8:00am
Quoting yelena
you will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winners
Hi Yelena. This is VERY interesting info. I would love to hear a lot more about this please, like how often do this happen and what pairs are you talking about (i guess this do not work on all pairs right?)
Is this just a brief observation you have done or have you done some more detailed study so you have numbers and statistic on this?
Are you looking for other "things" before entering those type of trades or is it just a normal M5 genesis signal bouncing off pivot?
What "pivotal prices" are you talking about? Daily pivot? R/S levels? Or just any pivot level?
I would love to hear more about this. Any and/or all info you have on this will be highly appreciated.
If you have some more info to post about this then please make sure you are done trading for the day before posting. I don't want to disturb your trading.

Arctic4x
  • #1,056
  • Jul 25, 2012 8:02am Jul 25, 2012 8:02am
Lining up the E/U for a potential short...

On the prev daily high tho.....
  • #1,057
  • Jul 25, 2012 8:30am Jul 25, 2012 8:30am
Long cable - target DP ... let's see..
  • #1,058
  • Jul 25, 2012 8:37am Jul 25, 2012 8:37am
Quoting yelena
pivotal prices = DP, S, R, any pivotal level . 3.5 weeks in testing phase. i run it in EU EJ and CJ. EJ also met 10 pips, but CJ got stopped at +2 pips. on the long signal all 3 met their 10 pips each. technically 52 pips in less than 1 hour no losses yet.

i realized that its not necessarily just where they will jump off, but when
Thank you very much!
  • #1,059
  • Jul 25, 2012 9:12am Jul 25, 2012 9:12am
Quoting Cyrus7
Long cable - target DP ... let's see..
Set to BE (stopped out at BE +1) after +7 pips because the Geithner Testimony and housing numbers were coming..
  • #1,060
  • Jul 25, 2012 9:36am Jul 25, 2012 9:36am
Its been one of those days for me....up since 7am GMT and somehow I've managed to be in a negative position today....taking my breaks at the wrong time it seeems!

Please have a look at these trades to see where I went wrong...

Entry is after the orange vertical line...

http://img407.imageshack.us/img407/6...ailedtrade.jpg

http://img844.imageshack.us/img844/6...ailedtrade.jpg
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