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Genesis Matrix Trading

  • #1,381
  • Jul 31, 2012 7:57am Jul 31, 2012 7:57am
Quoting realjumper
SL now at BE +15
That's what I should have done - I have to learn to stay in trades longer!!
  • #1,382
  • Jul 31, 2012 7:58am Jul 31, 2012 7:58am
yet another 30pip
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  • #1,383
  • Jul 31, 2012 8:00am Jul 31, 2012 8:00am
Quoting Patti
That's what I should have done - I have to learn to stay in trades longer!!
Knocked me out for +15......so be it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,384
  • Jul 31, 2012 8:01am Jul 31, 2012 8:01am
For those who are not prepared to learn to trade.......they are doomed to join the 95% of FX losers.

Learn to trade....then.....learn a system. There is no other way.[/quote]

I´ve been trading for more then 20 years...blew my first account on the internet bubbble back then...
Read a library of trading books, have some of the best software in town (beyond MT), know fibos and EW inside out...and, with all that, just manage to BE since the last couple of years!!
Learn auto repair for 4 or 5 years and chances are you can make a living...not so on trading...you could easily blow an account..in no time.
Forex is a random animal... but it trends like no other market...
I´m polishing my edge, just enjoy this...that´s where Genesis comes in...another interesting tool...
  • #1,385
  • Jul 31, 2012 8:04am Jul 31, 2012 8:04am
Point 1: downtrend officially over

Point 2: not the best place to go for a Short at 1.2279...yes M5 & M15 Stox coming down but DP is only 14 pips away and we are approaching the 50/61.8 Fib retracement area (from the 1.2248 low to the 1.2304 high) at 1.2269/75 which should be support if the downtrend is definitely over and we are going up and higher.

Point 3: 11 candles have failed to breach the 50/61.8 Fib area to the downside and we get a Genesis Long signal with M5 Stox ok and M15 flat ... SL below the 61.8 Fib 2269 or the DP at 2265 ... TP again the R1 area 2204/the new Top trendline at 4 - 2208/previous highs 2302; be quick
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  • #1,386
  • Jul 31, 2012 8:04am Jul 31, 2012 8:04am
Quoting onojiwizard
I just want to say thanks to Xaphod for creatinng the stsi indicator and Eval for the Cycler since i got this indictors two weeks ago i have been making atleast 60pips daily here is my chart some minutes ago on EURUSD i made 25pip each on two trades for 50pips
Why does your matrix look so different from mine - I don't have any grey areas?

Oh, never mind, I see you are using a different matrix than Genesis
  • #1,387
  • Jul 31, 2012 8:09am Jul 31, 2012 8:09am
Quoting Patti
Why does your matrix look so different from mine - I don't have any grey areas?
It's the STSn Tape from Xaphod thread who helped finalise Genesis: no difference between that and Genesis matrix, it's just a simplified version:
green = all 4 dots are blue - long
red = all 4 dots are red - short
grey = mixed reds & blues - no trade
http://www.forexfactory.com/showthread.php?t=355716
  • #1,388
  • Jul 31, 2012 8:09am Jul 31, 2012 8:09am
Quoting Patti
Why does your matrix look so different from mine - I don't have any grey areas?
that is STSi tape written by Xaphod in his thread "yet another set of symphony indicator" it is same as stsi matrix or what you call here the Genesis indicator the one for genesis is STSn tape check his thread out
  • #1,389
  • Jul 31, 2012 8:11am Jul 31, 2012 8:11am
Got it - thanks everyone - no repainting on the tape at all?
  • #1,390
  • Jul 31, 2012 8:14am Jul 31, 2012 8:14am
Quoting Patti
Got it - thanks everyone - no repainting on the tape at all?
The indicators themselves don't repaint so neither will that I wouldn't have thought.
  • #1,391
  • Jul 31, 2012 8:25am Jul 31, 2012 8:25am
Quoting Patti
Got it - thanks everyone - no repainting on the tape at all?
Xaphod's STSn Tape will not repaint. The indicator's in it and in Genesis are the same.
The STSi Tape still repaints on the bottom row.
  • #1,392
  • Jul 31, 2012 8:25am Jul 31, 2012 8:25am
Quoting realjumper
Knocked me out for +15......so be it!!
Hey bro
got 5 positive trades out of 6...(that is no big sample, though, I need minimum 100 trades)
R average: 0,42
(if I can ever hold this average we´ll be having lunch with Warren Buffett soon, and I will pay for it too,, and you would be the honoured guest,.. just joking)

Mostly M1...kind of fun to trade this TF.

Gracias again
  • #1,393
  • Jul 31, 2012 8:30am Jul 31, 2012 8:30am
Quoting cuchuflito
Hey bro
got 5 positive trades out of 6...(that is no big sample, though, I need minimum 100 trades)
R average: 0,42
(if I can ever hold this average we´ll be having lunch with Warren Buffett soon, and I will pay for it too,, and you would be the honoured guest,.. just joking)

Mostly M1...kind of fun to trade this TF.

Gracias again
I'll have the lobster please.....washed down with Jose, and a black coffee con Drambui.........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,394
  • Jul 31, 2012 8:35am Jul 31, 2012 8:35am
I try to trade the M1 TF this afternoon - i'm going for 10 pips.. just following the 3 Stochs (1,5,15) and the Matrix for (re)entries. 40 Pips in 60 minutes so far..

Hope you are all profitable today..

Regards
Mathias

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  • #1,395
  • Jul 31, 2012 8:39am Jul 31, 2012 8:39am
16.10 short signal at 1.2277 not taken despite the fact that both Stox were ok and we also have 2 dots on the M15 matrix that have turned red and all the other regular stuff because:
.already in the new '50/61.8' Fib area (2275/83) that should provide support
.haven't broken and closed below the trendline from 2248 to 2274
.DP only 12 pips away
.no place to put my stop loss: the recent highs at 2318 is too far away.

I'll let things settle a bit a might consider a short later because that latest run down has added a new lower low (LL), effectively putting a downer on the previous uptrend.
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  • #1,396
  • Jul 31, 2012 8:43am Jul 31, 2012 8:43am
Quoting olivierforex
16.10 short signal at 1.2277 not taken despite the fact that both Stox were ok and we also have 2 dots on the M15 matrix that have turned red and all the other regular stuff because:
.already in the new '50/61.8' Fib area (2275/83) that should provide support
.haven't broken and closed below the trendline from 2248 to 2274
.DP only 12 pips away
.no place to put my stop loss: the recent highs at 2318 is too far away.

I'll let things settle a bit a might consider a short later because that latest run down has added a new lower...
I'm sitting on my hands too. News in 20 minutes might kick this thing along.....if not, then it's another day tomorrow.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,397
  • Jul 31, 2012 8:51am Jul 31, 2012 8:51am
This area was a problem in the recent past too. Stoch is quite high though and has crossed, but it's early days......could go either way after FOMC and/or NFP
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,398
  • Jul 31, 2012 8:59am Jul 31, 2012 8:59am
Quoting yelena
brave heart. M1 is okay if there's volume in the market, like the first 2 hours of tokyo, hongkong, london and NY. the rest, it can skin you alive. nice trading!
Youre right yelena! the most important thing is to know when it is better to stay out..
but if there is volume in the market, this way of trading should be okay (or at least i'll know it in a few weeks.. )

Have a great day!
mathias
  • #1,399
  • Edited 10:20am Jul 31, 2012 10:04am | Edited 10:20am
Quoting realjumper
Welcome to your Genesis Matrix Trading thread. Here we will focus on trading with the Genesis Matrix as the primary indicator. There will be a couple of other ‘filters’ indicators used, and as many of you will already know, I use Stochastic, the 5 EMA and the Arrow as filters. I also use Heiken Ashi candles. Of course, feel free to post your own set of filter indicators that you are comfortable using.

Most used TF’s: M1, M5, M15. But can be used to HTF’s.

What we will do here is trade using the Genesis Matrix.

[b]What...
RJ,
Just realize you started your own systems thread. Just want to drop by and wish you the best. Everyone here should be wise and listen to this great man. Many green pips to you buddy. Will check in often to see how you are doing. Best wishes.

Your friend,
FXST
  • #1,400
  • Jul 31, 2012 10:37am Jul 31, 2012 10:37am
I know that this one is a bit late for a running commentary but the Long entry at 2293 is very similar to the first one discussed earlier as all the Genesis indicators criteria are satisfied unless i've missed summat...

PA/TA:
.again a lower High at 3 (so we have a down trendline between 1 & 3) but then we get a higher low at 4 (an up trendline between 2 & 4) that forms the triangle.
.we get the Genesis Long signal as we break out of the triangle to the upside (no retest of the 1-3 trendline this time I'm afraid lol)
.SL below the recent low at 2269 or below DP at 2265 (quite wide so the R/R ratio is not as good). I didn't take this one but TP would have been the recend highs at 2318 and the trendline around 2325.
.because of the proximity of R1 at 2305 and the possibility of rejection again (we didn't know at the time that it would break through it), putting SL at B/E once we got to R1 would have been sensible.
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