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Genesis Matrix Trading

  • #1,461
  • Aug 1, 2012 2:15am Aug 1, 2012 2:15am
Quoting IgorD
to make clear: if rejection of a pivot line and all genesis is ok too then its ok to go against the trend?
yes.

although it's always safer if you look for some kind of retest for strenght/weakness before opening the trade
  • #1,462
  • Aug 1, 2012 2:19am Aug 1, 2012 2:19am
Quoting yelena
i like candles too! well over 100 pips, genesis signal before the news. hope you managed to got some too! for a while back there, i thought i was gonna give back pips to Mr Market. but when they all gave a short signal..............



yeah, full-fledged hermit right here!
No missed all the action..............family commitments..... had to get out of my shooting star early....only 6 pips............what a waste........


I hate it when you pick the candles like that and cannot stay around and play............them the breaks...
  • #1,463
  • Aug 1, 2012 2:21am Aug 1, 2012 2:21am
Quoting IgorD
to make clear: if rejection of a pivot line and all genesis is ok too then its ok to go against the trend?
You have to judge it on a 'case by case' basis. See how the pivots are working here today? See when the PA reaches R1, both stochs are very high? The swing high is just 10-15 pips above the entry point, so on this occasion, the counter trend trade is a pretty good risk to take. If the stoch was low and the bear candles didn't start to form yet, then I would not have entered for fear of the PA breaking through R1 and going higher.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 231 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,464
  • Aug 1, 2012 2:21am Aug 1, 2012 2:21am
Quoting realjumper
EJ and EU were both rejections off R1......and Genesis, 5 and 15 stoch agreed, Yellow EMA agreed, candle opened clear of EMA on both pairs....arrow appeared at or shortly after entry.........short was good and stopped at Daily Pivot.....to the pip. I took both trades.
RJ,
I have some little question.

Regarding the short on eu, I can't see the genesis coloured at the moment of the entry, this probably depend by the brokers I use, plus the stox M5 it seems going up rather than falling and it just hit the 80 not crossed.


Regarding EJ the conditions were better even if the stox M5 was quite the EU ones.

Thanks
  • #1,465
  • Aug 1, 2012 2:22am Aug 1, 2012 2:22am
Is the AU run near an end for the moment????

It's doing it tough................everything is ready to go for a sell.
Attached Image (click to enlarge)
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  • #1,466
  • Aug 1, 2012 2:23am Aug 1, 2012 2:23am
Quoting Jack Herer
yes.

although it's always safer if you look for some kind of retest for strenght/weakness before opening the trade
that's a perfect failed re-test .... except for GU, it came after the signal. even if GU was not taken, all the other 3 should have been taken.
Attached Image (click to enlarge)
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  • #1,467
  • Aug 1, 2012 2:25am Aug 1, 2012 2:25am
Quoting realjumper
EJ and EU were both rejections off R1......and Genesis, 5 and 15 stoch agreed, Yellow EMA agreed, candle opened clear of EMA on both pairs....arrow appeared at or shortly after entry.........short was good and stopped at Daily Pivot.....to the pip. I took both trades.


FF calendar

10:30am GBP Manufacturing PMI 45.4 48.6 48.4

Was this not perhaps more a contributing factor........maybe?

Pete
  • #1,468
  • Aug 1, 2012 2:26am Aug 1, 2012 2:26am
Quoting vamtop
RJ,
I have some little question.

Regarding the short on eu, I can't see the genesis coloured at the moment of the entry, this probably depend by the brokers I use, plus the stox M5 it seems going up rather than falling and it just hit the 80 not crossed.


Regarding EJ the conditions were better even if the stox M5 was quite the EU ones.

Thanks
Not sure I understand your question. I didn't show the entry on my chart above......I showed the peak of the bull move where it tapped R1 and the corresponding position of the stoch
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,469
  • Aug 1, 2012 2:27am Aug 1, 2012 2:27am
Quoting pete123

FF calendar
10:30amGBP
Manufacturing PMI

45.4 48.648.4
Was this not perhaps more a contributing factor........maybe?

Pete
Yes of course it was.......but everything is in the charts, as you just saw!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,470
  • Aug 1, 2012 2:27am Aug 1, 2012 2:27am
Quoting vamtop
RJ,
I have some little question.

Regarding the short on eu, I can't see the genesis coloured at the moment of the entry, this probably depend by the brokers I use, plus the stox M5 it seems going up rather than falling and it just hit the 80 not crossed.


Regarding EJ the conditions were better even if the stox M5 was quite the EU ones.

Thanks
I forgot the attachments
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu jpy 1.jpg Size: 194 KB
Click to Enlarge Name: eu usd 1.jpg Size: 193 KB
  • #1,471
  • Aug 1, 2012 2:28am Aug 1, 2012 2:28am
Quoting realjumper
You have to judge it on a 'case by case' basis. See how the pivots are working here today? See when the PA reaches R1, both stochs are very high? The swing high is just 10-15 pips above the entry point, so on this occasion, the counter trend trade is a pretty good risk to take. If the stoch was low and the bear candles didn't start to form yet, then I would not have entered for fear of the PA breaking through R1 and going higher.
and we could add to that bearish divergence on both 5 and 15min stochs

a little more confluence never hurts anyone
  • #1,472
  • Aug 1, 2012 2:29am Aug 1, 2012 2:29am
Quoting yelena
that's a perfect failed re-test .... except for GU, it came after the signal. even if GU was not taken, all the other 3 should have been taken.
that's exactly what I meant.

nice yelena
  • #1,473
  • Aug 1, 2012 2:34am Aug 1, 2012 2:34am
I have lately adopted a trade management strategy that has really helped my trading alot and I am finally showing showing some nice profits with symphonie/genesis.

Its not a perfect strategy but its one that suits me and I just thought I would share for people who might be struggeling.

I use to always watch my trades and it made me insane. Always closing early to see it run or not closing to see it go from profits to stoploss.

What I do lately is I start of with my stop loss at swing high/low. If I enter a trade I try to go for 2-1 reward/risk. So if stop loss is 15 pips my target will be 30 (or nearby pivot/sr/roundnumber) Once my trade goes 1/3rd I take 1/3rd profit and I move my trade to BE. I get stopped out alot, but atleast I have a stress free trade with small profit.

Today was a great example how it worked perfectly.

My first trade EU didnt make the 2-1 target but I got small profit and then stopped out at BE. My second trade, GU made it all the way to 2nd target.

Now the trades werent perfect setups (according to me) so I didnt take 2% risk like always but only 1% If I took 2% i would be up 4% already but half of that is already double my daily target

Also I attached my demo balance chart to show how much it has helped me.

Like I say its definitely not perfect and you miss alot of good trades when stopping out at BE, but for a bad and nervous trader like me finding my feet its working pretty good. Ive mentioned before, currently I am more concerned not loosing a trade that I am with winning one.
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  • #1,474
  • Aug 1, 2012 2:34am Aug 1, 2012 2:34am
Quoting vamtop
I forgot the attachments
Your EU trade was late by about 5 or 6 candles. Your EJ trade marked was fair enough, but I went in the candle before because the intent of the PA was pretty clear, so I entered just as the candle closed.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,475
  • Aug 1, 2012 2:36am Aug 1, 2012 2:36am
Quoting Jack Herer
and we could add to that bearish divergence on both 5 and 15min stochs

a little more confluence never hurts anyone
I didn't see it Jack.....well spotted
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,476
  • Aug 1, 2012 2:40am Aug 1, 2012 2:40am
Yelena,

I know I've read it in the thread somewhere but where is that post on combining the 2 Stox 5/15?? Do you reckon I can find it??
  • #1,477
  • Aug 1, 2012 2:40am Aug 1, 2012 2:40am
Quoting realjumper
Your EU trade was late by about 5 or 6 candles. Your EJ trade marked was fair enough, but I went in the candle before because the intent of the PA was pretty clear, so I entered just as the candle closed.
I see, thaks for your kind availability.
  • #1,478
  • Aug 1, 2012 2:43am Aug 1, 2012 2:43am
Quoting PipMonster1
Yelena,

I know I've read it in the thread somewhere but where is that post on combining the 2 Stox 5/15?? Do you reckon I can find it??
It's here, PipMonster.
  • #1,479
  • Aug 1, 2012 2:44am Aug 1, 2012 2:44am
Quoting vamtop
I see, thaks for your kind availability.
You're welcome. The thing about that short is that the technical aspects were all lined up and the PA was hinting at dropping......then the UK news came in worse than expected which is definitely going to drop the pa. It just a case of being ready to act, and acting immediately because the whole drop is news driven....but the technical were already expecting that. At the end of the day though, the move IS counter to the trend, so you have to decide whether the risk is worth it or not. For me, the risk was about 15 pips, so it was worth it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,480
  • Aug 1, 2012 2:45am Aug 1, 2012 2:45am
Quoting Cody_R
It's here, PipMonster.
I knew it was here somewhere.

Thanks Cody R.
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