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Genesis Matrix Trading

  • #1,341
  • Jul 31, 2012 1:04am Jul 31, 2012 1:04am
Quoting EaglePip
Sorry, RJ. Wrong choice of word. I edited the post in line with the cheat sheet.
EP
No worries......and thanks for the edit

I edited your quote in my post too.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,342
  • Jul 31, 2012 1:53am Jul 31, 2012 1:53am
Quoting yelena
it takes a lot to position in 1 pair, let alone 4 at the same time.

and GU is just 63% +correlated with EU. an opposite movement is weighed to verify impact with the other 3. add a -correlated pair like UC will stall judgement.

for optimum processing, i prefer pairs that are highly correlated with each other. i only found 2 other pairs that are highly corr with UC, it needs 1 more.
I found this table of correlation at Oanda website: http://fxtrade.oanda.com/analysis/currency-correlation
There doesn't seem to be many pairs that are correlated with USDCHF;
However; EURUSD/USDCHF pairs are highly inversely correlated over most timeframes;
Hope this helps;
David
  • #1,343
  • Jul 31, 2012 2:14am Jul 31, 2012 2:14am
Quoting yelena
add a -correlated pair like UC will stall judgement.
That's cool: I like UC because of the near 100% correlation with EU in terms of getting signals at the same time and the pair moving the same amount of pips....but I understand that having an inverse/opposite direction chart will mess up with the 3-4 you already have going the other way. Each to their own, as they say....
  • #1,344
  • Jul 31, 2012 2:44am Jul 31, 2012 2:44am
Long entry
Attached Image (click to enlarge)
Click to Enlarge Name: gen.gif Size: 34 KB
  • #1,345
  • Jul 31, 2012 2:51am Jul 31, 2012 2:51am
Even today you can dance a little
  • #1,346
  • Jul 31, 2012 3:16am Jul 31, 2012 3:16am
Quoting iwan73
Long entry
A quick look at the M15 chart before your long entry might have been a good thing, no?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,347
  • Jul 31, 2012 3:30am Jul 31, 2012 3:30am
Look at all those wicks/tails people....................
  • #1,348
  • Jul 31, 2012 3:48am Jul 31, 2012 3:48am
Quoting rt500
I found this table of correlation at Oanda website: http://fxtrade.oanda.com/analysis/currency-correlation
There doesn't seem to be many pairs that are correlated with USDCHF;
However; EURUSD/USDCHF pairs are highly inversely correlated over most timeframes;
Hope this helps;
David
You're right David, you cannot get any more - correlated than EU/UC (almost -100% on all TFs) but I think that Yelena likes the visual approach better hence why she sticks with EU EY CY (& GU) so that all her charts are pointing in the same direction...
  • #1,349
  • Jul 31, 2012 4:10am Jul 31, 2012 4:10am
this is my 8 loss in a row

sorry, I don't see any tails, wicks, or any strange in 15m , 5m chart when I enter the trade

what I see is

1, Signal correct
2, 5m, 15m, Stoch up
3, a Higher Low at the daily
4, still a good distance from daily high



now I can say today is a ranging day and not suitable to trade

but I dont see my mistake
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31-01 15m.gif Size: 34 KB
Click to Enlarge Name: 31-01 failed.gif Size: 32 KB
  • #1,350
  • Jul 31, 2012 4:35am Jul 31, 2012 4:35am
Quoting frontline141
this is my 8 loss in a row

sorry, I don't see any tails, wicks, or any strange in 15m , 5m chart when I enter the trade

what I see is

1, Signal correct
2, 5m, 15m, Stoch up
3, a Higher Low at the daily
4, still a good distance from daily high



now I can say today is a ranging day and not suitable to trade

but I dont see my mistake
The stoch on your 2nd chart had already risen it was coming into overbought, it was not rising.
You may be better off by just having the one stoch showing on your 5min chart, and check with 15TF before entry,
you have too many indicators to look at, which can just lead to indesicions.
  • #1,351
  • Jul 31, 2012 4:36am Jul 31, 2012 4:36am
Quoting frontline141
this is my 8 loss in a row
sorry, I don't see any tails, wicks, or any strange in 15m , 5m chart when I enter the trade what I see is
1, Signal correct
2, 5m, 15m, Stoch up
3, a Higher Low at the daily
4, still a good distance from daily high
now I can say today is a ranging day and not suitable to trade
A few points...
1. You entered after 8 white HA bars. That is the time one would be exiting.
2. Since you looked at the M15 chart you might as well have noticed that the genesis matrix on M15 was all red.
3. You entered long around the 50% retracement point on the preceding downward move.
4. You entered just after the market opened. One can expect the market to swing in either direction when it opens.
  • #1,352
  • Jul 31, 2012 4:42am Jul 31, 2012 4:42am
Quoting frontline141
this is my 8 loss in a row

sorry, I don't see any tails, wicks, or any strange in 15m , 5m chart when I enter the trade

what I see is

1, Signal correct
2, 5m, 15m, Stoch up
3, a Higher Low at the daily
4, still a good distance from daily high
now I can say today is a ranging day and not suitable to trade
but I dont see my mistake
stochastic ok, M5&M15 rising from oversold below 20 + matrix + arrow + MA; people will say on 5M price was in a downtrend from 1.2289 & M15 matrix was red
  • #1,353
  • Jul 31, 2012 4:42am Jul 31, 2012 4:42am
Quoting realjumper
A quick look at the M15 chart before your long entry might have been a good thing, no?
You mean descending MA, Genesis Matrix red? I have to admit that i didnt take a look at M15 TF when putting my trade. Now i can see HL, HH sequence (look at my chart below).
You can ask me why i took this long trade

1. Bounce from Pivot
2. Stoch up
Attached Image (click to enlarge)
Click to Enlarge Name: gen.gif Size: 36 KB
  • #1,354
  • Edited 5:16am Jul 31, 2012 4:49am | Edited 5:16am
Quoting frontline141
this is my 8 loss in a row

sorry, I don't see any tails, wicks, or any strange in 15m , 5m chart when I enter the trade

what I see is

1, Signal correct
2, 5m, 15m, Stoch up
3, a Higher Low at the daily
4, still a good distance from daily high



now I can say today is a ranging day and not suitable to trade

but I dont see my mistake
Your points are almost correct but look at the M5 did it make a higher low....no it made a lower high and also a lower low, unless your trading the daily why do you mention a higher low at the daily?? Unless you start seeing the immediate trend you will keep having losses.

Edit: Sorry I see you mean Daily pivot not thinking straight today, anyway it was not a higher low before you went into that trade, one candle does not make a higher swing low.
  • #1,355
  • Jul 31, 2012 4:52am Jul 31, 2012 4:52am
very close to that event tomorrow, is most important of all: tight range expected until after
http://www.forexfactory.com/calendar.php#detail=38413
  • #1,356
  • Jul 31, 2012 4:54am Jul 31, 2012 4:54am
Itīs been stated over end over again in this thread...you get the tools ,but you are the cook....

I look at:
HT Frame
Stochs
Pivots
Fibos
Trend
News
SR

Am I forgetting something?
Yes "market feel"
The last thing is the 4 colour trigger....and away you go.

If you want to trade mechanically, I observed the 1 M: just go long on every 4 colours, then short and reverse on the next opposite colours...didnīt back test...but it looks like it should make some money provided you donīt miss the big swing hidden somewhere in the future...

Still, I wouldnīt recomend it...itīs sounds boring..
I guess this whole system in generall works, cause when 4 indis are in line for a signal...some of the robots out there trigger, somehow, they all cook mechanically, but faster than a flash...robots own the shop....and you donīt want to fight them....
  • #1,357
  • Jul 31, 2012 4:59am Jul 31, 2012 4:59am
Quoting iwan73
You mean descending MA, Genesis Matrix red? I have to admit that i didnt take a look at M15 TF when putting my trade. Now i can see HL, HH sequence (look at my chart below).
You can ask me why i took this long trade

1. Bounce from Pivot
2. Stoch up
Yeah.....what I mean is that there was nothing on the M15 chart that even hinted that a long entry was developing, so the one you see on M5 may be a 'sucker move'......definitely NOT a high probability trade.

I see a few people here over the last couple of days who REALLY NEED to go and do the babypips course I keep mentioning.....and I'm not naming names or pointing the finger at you or anyone, but the PA today is just completely erratic and unpredictable.

I say again......I am only interested in 'high probability trades', and by just watching Genesis and stochs and then blindly entering because the indicators suggest you could enter is foolish. The indicators are just to help make things easier, they are NOT a substitute for sound knowledge of PA behaviour and sensible trading practices.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,358
  • Jul 31, 2012 5:17am Jul 31, 2012 5:17am
Quoting realjumper
Yeah.....what I mean is that there was nothing on the M15 chart that even hinted that a long entry was developing, so the one you see on M5 may be a 'sucker move'......definitely NOT a high probability trade.

I see a few people here over the last couple of days who REALLY NEED to go and do the babypips course I keep mentioning.....and I'm not naming names or pointing the finger at you or anyone, but the PA today is just completely erratic and unpredictable.

I say again......I am only interested in 'high probability trades',...
RJ I congratulate you, because your response is made ​​by a very intelligent person. I fully agree with you that blindly following indicators, arrows and MA, is incorrect. We are not robots. We must add that extra bit of knowledge / experience / feeling that each of us must try. Now that the market finally moved, I expect post which highlights the movement just made. But ignoring that, today the market has done everything and its opposite. I conclude by saying that compared to a loss in the forward position, AFTER, all of us are good at identifying the causes, and perhaps the same setup in another time might have generated profit and it would have passed unnoticed.

Caio to all and congratulations for conocenza that you make available to all.

Thank you again.

Giancarlo
  • #1,359
  • Jul 31, 2012 5:22am Jul 31, 2012 5:22am
Quoting iwan73
You mean descending MA, Genesis Matrix red? I have to admit that i didnt take a look at M15 TF when putting my trade. Now i can see HL, HH sequence (look at my chart below).
You can ask me why i took this long trade

1. Bounce from Pivot
2. Stoch up
On another day, that trade would have worked and I got caught out with it too, soon came out when it started flying the other way though so not a big loss. If I'd taken notice of the trendline I'd drawn though I wouldn't have taken it
  • #1,360
  • Jul 31, 2012 5:27am Jul 31, 2012 5:27am
Quoting realjumper
The indicators are just to help make things easier, they are NOT a substitute for sound knowledge of PA behaviour and sensible trading practices.
For what it's worth, it might be a good idea to have this paragraph (above) & the babypips link (http://www.babypips.com/school/) on page 1....
I'm wondering if too many people think that it's just a question of blindly following Genesis' indicators to become successful?
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