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Genesis Matrix Trading

  • #1,161
  • Jul 27, 2012 3:35am Jul 27, 2012 3:35am
Quoting realjumper
Hee hee hee......I don't care who's running the asylum, I'll go either way!!!
I've heard that about you RJ!
  • #1,162
  • Jul 27, 2012 3:40am Jul 27, 2012 3:40am
These markets dont know if they are coming or going, or been and gone
  • #1,163
  • Jul 27, 2012 3:40am Jul 27, 2012 3:40am
Quoting magdelen
RJ,
as the stochs are now oversold, should we ride it back up if we get the get go, even though its in bear trend?
I can't say what you should do.....you have to decide that for yourself. You have all the tools....you just have to use them!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,164
  • Jul 27, 2012 3:41am Jul 27, 2012 3:41am
Quoting G-Man
I've heard that about you RJ!
Hee hee hee......you'll hear all sorts of stuff abut me....of that I'm very sure!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,165
  • Jul 27, 2012 4:00am Jul 27, 2012 4:00am
Quoting Jse Alsi
Hi RJ thanks for a great system to u and your team ,could u pls explain the methodology behind the settings u chose for the stochs ,ie. 11-3-3 . Why those specific settings? Havnt changed a thing on your system as it works just fine . Iam using it mainly on the indexes .
I use those settings because they were taught to me by a very good trader who specialised in stochastic and pivot trading.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,166
  • Jul 27, 2012 4:05am Jul 27, 2012 4:05am
It's nice to be able to trade the early london session for once, waking up at 4am isn't too bad.
  • #1,167
  • Jul 27, 2012 4:10am Jul 27, 2012 4:10am
Quoting Jse Alsi
Thank you ,and would u we willing to reveal the inner workings of that nugget of info? BTW who won the crusaders match ,forgot to watch?
I have done so before, you'll have to search through my posts....I know there's a lot of them, but right now is trading time.

Don't watch the rugby.....sorry
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,168
  • Jul 27, 2012 4:10am Jul 27, 2012 4:10am
Quoting yelena
should u of yesterday's! DP hit
Haha yeah. It seems to me whenever I decide to wake up early, the market doesn't feel like compensating me for my lake of sleep.
  • #1,169
  • Jul 27, 2012 4:11am Jul 27, 2012 4:11am
cool, will do
  • #1,170
  • Jul 27, 2012 4:12am Jul 27, 2012 4:12am
Quoting magdelen
RJ,
as the stochs are now oversold, should we ride it back up if we get the get go, even though its in bear trend?
..i feel much better taking signals in line with the 15min stoch ie if it's still below the 50 line i'll take the shorts, above the 50 longs. Just my preference as i build more experience with this.
Attached Image (click to enlarge)
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  • #1,171
  • Jul 27, 2012 4:27am Jul 27, 2012 4:27am
Quoting yelena
in a way that is called retracement entries. you will miss some trades (like yesterday's) and lose some. nevertheless you are threading the correct path, finding your bearing first.
Yes, swings and roundabouts. It's about finding that happy place in the head when taking signals while i learn more about the nuances of stochs. Thankfully, yesterday was a stormer, like the rest of you had
  • #1,172
  • Jul 27, 2012 5:07am Jul 27, 2012 5:07am
+33.4 1M
thanks RJ, Olivia, Yelena, Cody and all.
Genesis matrix super.

And yes 1M. And when I saw this pip immadietly I closed with finger.
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  • #1,173
  • Jul 27, 2012 5:15am Jul 27, 2012 5:15am
Before rally I took yesterday. someone asked I think.
Attached Image (click to enlarge)
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  • #1,174
  • Jul 27, 2012 5:44am Jul 27, 2012 5:44am
EU H4 chart shows a decent resistance level here.....and AU H4 shows a great double top. Just something to keep in the back of your mind.....fwiw
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,175
  • Jul 27, 2012 5:55am Jul 27, 2012 5:55am
For those who use the Stochastic showing only 1 of the 2 lines....

The Stox on this chart are exactly the same (11.3.3) but I am only showing 1 of the lines each time:
.the red one (smoother) is the one that is generally dashed by default ---
.the yellow one is is the one that is generally a full line ____

I have noticed that some people like Yelena are using the red one but others are using the yellow one (you can immediately tell which one is used because one is nice & smooth and the other is a lot more jagged). I know that the difference is not huge & most of the times there is only a difference of 1 candle, but in this example, they are 2 candles apart (the yellow & vertical lines).

That can be the difference between taking and not taking a signal for some depending if they view the Stox as OB/OS or not, so can someone please clarify which one should be used?

Or (similar question but phrased in a different way), when you keep both on your charts (like RJ for example), which one of the 2 do you look at to determine your OB/OS conditions?

Tia.
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  • #1,176
  • Jul 27, 2012 6:00am Jul 27, 2012 6:00am
Long entry.
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  • #1,177
  • Jul 27, 2012 6:06am Jul 27, 2012 6:06am
Quoting olivierforex
For those who use the Stochastic showing only 1 of the 2 lines....

The Stox on this chart are exactly the same (11.3.3) but I am only showing 1 of the lines each time:
.the red one (smoother) is the one that is generally dashed by default ---
.the yellow one is is the one that is generally a full line ____

I have noticed that some people like Yelena are using the red one but others are using the yellow one (you can immediately tell which one is used because one is nice & smooth and the other is a lot more jagged). I know that the difference...
For me....it's not an issue Oli. Someone has tried and tried to pin me down to specific numbers and their meaning on the stoch, but it's not an absolute science. For instance.....79 does not mean 'not overbought' and 81 mean 'definitely overbought'. It doesn't work that way. The 80 and 20 lines are just numbers that we use to measure the level, but they have no real meaning....imo. For that reason, it is impossible, and foolish, for someone to try and pin down an absolute with the stoch......and for the same reason, it's not a major issue which line you exclude. In fact it's better if you don't exclude a line at all because you're missing out on some of the value of the stoch indicator, but for the purposes of the M5 chart, it is handy to do so. I have the stoch in full (both lines) on other charts.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,178
  • Jul 27, 2012 6:13am Jul 27, 2012 6:13am
Quoting iwan73
Long entry.
Looks like we both took the same trade

Just took +50 on GU as well.
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  • #1,179
  • Jul 27, 2012 6:22am Jul 27, 2012 6:22am
Stoch was oversold on M15, rejection of daily pivot on M5.

There was quite a long bar after signal was made so I waited a bit for it to retrace some before I jumped in.

My target is just below R1 (about 81 pips), which is quite ambitious. I'm hoping it will blast through the recent highs and reach it. Stop loss now at break even.

If it doesn't quite make it I will certainly try to lock in some pips beforehand.

Any comments are appreciated.

Thanks!

Attached Image
"Be the change that you wish to see in the world." --Gandhi
  • #1,180
  • Jul 27, 2012 6:40am Jul 27, 2012 6:40am
For those who are long on GU.....take note.
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Doing what you like is Freedom. Liking what you do is Happiness.
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