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Genesis Matrix Trading

  • #1,581
  • Aug 2, 2012 7:44am Aug 2, 2012 7:44am
Quoting ohammond
I took EJ as well but placed the stop loss below the large candle and pivots so it wasn't too big. The main reason I took that one was it hit my lower H1 trendline to the pip and turned
I manually trailed both in my usual way and got stopped for +60 each. That's all good. I'll let this drop go because Draghi is yappin so who knows where it will go now?!?!?!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,582
  • Aug 2, 2012 8:03am Aug 2, 2012 8:03am
So, Draghi and his "we will defend EU at all costs" rhetoric that caused the bull run recently has come home and bit him on the ass. This was bound to happen.....'action talks....bullshit walks.' Draghi has no plan!

Market Reaction - Gravity Bites As Draghi Serves Cold Plate Of Epic Disappointment
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,583
  • Aug 2, 2012 8:08am Aug 2, 2012 8:08am
Quoting realjumper
I manually trailed both in my usual way and got stopped for +60 each. That's all good. I'll let this drop go because Draghi is yappin so who knows where it will go now?!?!?!
im glad we took the buy and locked the profits.

this scenario is what makes me a scardie cat.

i just froze on the short signal in disbelief! 231 ATR, first for EU since 2011

draghi's solution to EuroZone crisis: a promise that there will be a solution! genius! but even for a salary of $1M a month, i wouldn't take your job! may the next generation have mercy on your soul
Attached Image
  • #1,584
  • Aug 2, 2012 8:14am Aug 2, 2012 8:14am
Quoting yelena
draghi's solution to EuroZone crisis: a promise that there will be a solution! genius!
Yeah.....he has a plan to formulate a plan, which will show his plan to save the Euro.....ROFL......where do these idiots keep coming from???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,585
  • Aug 2, 2012 8:23am Aug 2, 2012 8:23am
Quoting realjumper
Yeah.....he has a plan to formulate a plan, which will show his plan to save the Euro.....ROFL......where do these idiots keep coming from???
ever?????????????????????????????????????????? it's probably the first in history! first time for everything, i guess
Attached Image
  • #1,586
  • Aug 2, 2012 8:27am Aug 2, 2012 8:27am
Quoting realjumper

The trade exit.
The exit is always harder than the entry because we want to stay in the trade for as long as it runs…..but we don’t know where the run will end!! So generally speaking, I will exit at a support/resistance line. This could be a pivot line, a previous high/low area, a round number etc etc.

RJ
Entries are clear, by now , guess for everyone .
Exit, as RJ says, is harder.
Good traders just "know" from market "feel".
Others like me, need some extra tools.

I want to share an effective stop trail that I learned years ago...
(TP: just like RJ says, easy enough.)

TRAIL:
Once in the trade open a new, separate chart with 3 Indies.
Alligator
AO
AC from B. Williams.
They come standard in MT4.

(By the way, I´m an "expert" in B. Williams, read the books, know them by heart since the beginning in the old days.: don´t try it, it hardly works, although very popular!!!)

The rules:
1 Stop: last pivot as per Genesis rules.
2 Stop: trail the farthest Alligator line, as the market goes your way.
3 Stop: keep an eye on the AC, as son as it goes 3 bars in the opposite colour to your trade, trail the second Alligator line.
4 Stop, as soon as it goes another 3 bars against you move to the closest Alligator line.
5 Stop (might come before the latter), as soon as the AC goes from positive to negative, or viceversa (against you), trail 1 Bar plus spread till stopped out.
6 Stop: If the market runs strongly in your favour, as soon as both AC and AO have more then 5 bars in the same colour, trail also 1 bar till stopped...this doesn´t happen too often, but when it does it´s a running swing...

ADVANTAGES:
-reduces the size of loosing trades.
-keeps you on board, often till the end of the swing or very close, or your preset TP.
-mechanicall, no emotions.

DISADVATAGES:
-not perfect like all trailing systems.
-will kick you out in bumpy swings, sometimes sooner than necesary.

DISCLAIMER: please backtest thoroughly, it works for me, might not work for you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: enter.jpg Size: 84 KB
Click to Enlarge Name: trail.jpg Size: 95 KB
  • #1,587
  • Aug 2, 2012 8:27am Aug 2, 2012 8:27am
you are OK after the tsunami on FX ?
  • #1,588
  • Aug 2, 2012 8:35am Aug 2, 2012 8:35am
Pure comedic value in the markets today..
  • #1,589
  • Aug 2, 2012 8:39am Aug 2, 2012 8:39am
Quoting realjumper
A Hidden Bearish Divergence exists on EU Daily chart. Something to store away in the back of your mind...........
This is still valid and in play.......

Perhaps the markets will quieten down now for a while. It's been a good day though......good pips and some interesting PA, as well as that Daily candle that Yelena posted......should name it the Draghi candle!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,590
  • Aug 2, 2012 9:29am Aug 2, 2012 9:29am
They coming from Goldman Sachs!

Regards

Quoting realjumper
Yeah.....he has a plan to formulate a plan, which will show his plan to save the Euro.....ROFL......where do these idiots keep coming from???
  • #1,591
  • Aug 2, 2012 9:34am Aug 2, 2012 9:34am
Quoting realjumper
This is still valid and in play.......

Perhaps the markets will quieten down now for a while. It's been a good day though......good pips and some interesting PA, as well as that Daily candle that Yelena posted......should name it the Draghi candle!!!
A close below 1.2217 today and we'll have a proper bearish engulfing pattern/candle; if today marks the renewed start of the downtrend, your 'Draghi Cancle' nickname might well become established as the de-facto standard for 'the markets will eventually call your bulls**t' days...
  • #1,592
  • Edited Aug 3, 2012 1:56am Aug 2, 2012 11:00am | Edited Aug 3, 2012 1:56am
Quoting cuchuflito
The rules:
1 Stop: last pivot as per Genesis rules.
2 Stop: trail the farthest Alligator line, as the market goes your way.
3 Stop: keep an eye on the AC, as son as it goes 3 bars in the opposite colour to your trade, trail the second Alligator line.
4 Stop, as soon as it goes another 3 bars against you move to the closest Alligator line.
5 Stop (might come before the latter), as soon as the AC goes from positive to negative, or viceversa (against you), trail 1 Bar plus spread till stopped out.
6 Stop: If the market runs...
Hi Cuchuflito,
I had a quick play on M1 Euro chart; please let me know if I got it right?
1) my orange line = short genesis entry 1.2328 - stop above recent high and then at blue line after a few candles
2) at my first yellow line - 3 x green AC bars ---> move stop to red line
3) at my 2nd yellow line - another 3 x green AC ---> stop to green line
4) at the same time, AC turns positive ---> stop to trail 1 bar+spread and get stopped out at my first blue line (Higher High at 1.2211 for + 117 pips) or alternatively when price hits the green line at my 2nd blue line (1.2198 for +130 pips)?

+ 3 questions:
1) can you explain properly your "6 stop" and show me on the chart where/when that took place
2) you only use AO together with AC for the "5+ bars of the same colour" scenario and nothing else?
3) 'trail 1 bar high' = stopped out as soon as we have a new high?

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: Trailing Stop.png Size: 21 KB
  • #1,593
  • Aug 2, 2012 2:17pm Aug 2, 2012 2:17pm
I've been asked to post my template because of not using HA candles and a few other minor things so here it is. The indicators used can be found in the first post apart from the candle time indicator which is attached to this post as well as DWMpivots which I really like the look of and LHDTprivots for the high/low of the day and 90 day high/low.
Attached File(s)
File Type: tpl genesis2.tpl   17 KB | 749 downloads
File Type: mq4 CandleTime THV.mq4   2 KB | 662 downloads
File Type: ex4 LHDT_Pivots.ex4   9 KB | 665 downloads
File Type: mq4 DWMPivots.mq4   18 KB | 695 downloads
  • #1,594
  • Aug 2, 2012 3:12pm Aug 2, 2012 3:12pm
hI OLIVIER
i´M TRYING TO POST MY ANSWER BUT KEEP GETTING THIS MESSAGE

ANDAS I MAKE IT LONGER THE SAME HAPPENS I WILL SOLVE IT SOONER OR LATER HAVE IT IN WORD ANYWAY JUST BEAR WITH ME







THE FOLLOWING ERRORS OCCURRED:

  1. The message you have entered is too short. Please lengthen your message to at least 1 characters.

  • #1,595
  • Aug 2, 2012 3:16pm Aug 2, 2012 3:16pm
I LL TRY TO SPLIT THE ANSWER IN TWO

[quote=olivierforex;5898084]Hi Cuchuflito,
let me know if I got it right?
1) my orange line = short genesis entry 1.2328 - stop above recent high and then at blue line after a few candles CORRECT
2) at my first yellow line - 3 x green AC bars ---> move stop to red line CORRECT
3) at my 2nd yellow line - another 3 x green AC ---> stop to green line CORRECT
4) at the same time, AC turns positive ---> stop to trail 1 bar+spread and get stopped out at my first blue line (Higher High at 1.2211 for + 117 pips) or alternatively when price hits the green line at my 2nd blue line (1.2198 fo r +130 pips)? WRONG

CONTINUES
  • #1,596
  • Aug 2, 2012 3:17pm Aug 2, 2012 3:17pm
AT THIS POINT: WHEN AC CROSSED THE MIDDLE: YOUR TRAILING I BAR OVERRIDES THE ALLIGATOR LINES
MEANING: YOUR STOP GOES ABOVE EACH CLOSED BAR PLUS SPREAD AS THEY APPEAR, A VERY TIGHT STOP:::FROM WHAT I SEE IN THAT EXAMPLE; IT KEPT YOU ALIVE FOR A FEW MORE BARS DOWN AND SOME MORE PIPS

HOPE ITS CLEAR NOW:::WHENEVER THE AC CROSSES THE MIDDLE IT MEANS VERY VERY TIGHT STOP::
THE SAME GOES FOR 5 AO AND AC OF THE SAME COLOUR IN ONE RUN:::
THE IDEA IS THAT SO FAR THE ACCELERATION DOESN T GO TOO STRONG AGAINST YOU YOU TRAIL NORMALLY WHEN IT TURNS HEAVY AGAINST YOU THEN YOU TIGHTEN ROPES LIKE IN A STORM
REMEMBER ITS NOT PERFECT BUT IT TENDS TO BE EFFECTIVE IN GETTING YOU OUT OF INITIALL TROUBLE AND SQUEEZING PROFITS IN THE END OF THE SWING:::

I ADD A tp AS FOR GENESIS RULES WHICH IF HIT OVERIDES THE WHOLE TRAILING
SOMETIMES IT HELPS YOU GET THERE TO TP
HOPE ITS A BIT MORE CLEAR OTHERWISE FEEL FREE TO ASK
BEST OF SUCCESS I SEE FROM YOUR POSTS THAT YOU ARE WELL EXPERIENCED ANYWAY:::[IMG]file:///C:%5CUsers%5CPico%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_image001.gif[/IMG]

+ 3 questions:
1) can you explain properly your "6 stop" and show me on the chart where/when that took place
2) you only use AO together with AC for the "5+ bars of the same colour" scenario and nothing else? YES
3) 'trail 1 bar high' = stopped out as soon as we have a new high? CORRECT AS SOON AS A NEW BAR GOES ONE PIP ABOVE THE LAST ONE
REMEMBER SOMETIMES IT KICKS YOU OUT TOO SOON SPECIALLY IN LOWER TF BUT ALSO 1M TENDS TO BE VERY SHAKY; SO THIS IS LIKE A SAFETY ROPE
I BELIEVE THIS EXIT PLUS THE PURE GENESIS ENTRY WOULD MAKE FOR A COMPLETE PROFITABLE SYSTEM

CLEAR ENTRY
CLEAR TRAIL
CLEAR TP
OR CLEAR STOP

ALSO SOME OF THE MEMBERS IN THIS FORUM HAVE A CLEAR ADVANTAGE OF MARKET FEEL:::COULD BE MUCH BETTER THAN THIS:::
[IMG]file:///C:%5CUsers%5CPico%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_image002.gif[/IMG]
LIFE IS GOOD


Thanks in advance.[/quote]
  • #1,597
  • Aug 2, 2012 3:45pm Aug 2, 2012 3:45pm
Quoting ohammond
I've been asked to post my template because of not using HA candles and a few other minor things so here it is. The indicators used can be found in the first post apart from the candle time indicator which is attached to this post as well as DWMpivots which I really like the look of and LHDTprivots for the high/low of the day and 90 day high/low.
I've just realised there is a mistake on that template, I did it from scratch and didn't change the M15 timeframe stoch to 11,3,3 so that will need changing.
  • #1,598
  • Edited Aug 3, 2012 2:01am Aug 2, 2012 4:40pm | Edited Aug 3, 2012 2:01am
Quoting cuchuflito
THE SAME GOES FOR 5 AO AND AC OF THE SAME COLOUR IN ONE RUN:::
Thanks for the extra explanations, all is clear bar the above:
1) do they have to start at the same time?
2) or can one start before the other, in which case the first one might get to 7 or 8 before the 2nd gets to 5+
3) we are talking about the opposite colour (so if we're short, we look for 2 x 5+ green bars?
Cheers


PS: THE FOLLOWING ERRORS OCCURRED:

  1. The message you have entered is too short. Please lengthen your message to at least 1 characters.

You get this when you type your answer in the body of the message that you're replying to (between the quote/quote) like you did: it must be that FF doesn't count these characters!

  • #1,599
  • Aug 2, 2012 11:10pm Aug 2, 2012 11:10pm
Quoting realjumper
This is still valid and in play.......

......should name it the Draghi candle!!!
Hard to decipher it. A classic Outside Reversal as identified on another thread, but is it the reversal of the long term trend or the short 3 day uptrend?
Time will tell!
EP
  • #1,600
  • Aug 3, 2012 12:17am Aug 3, 2012 12:17am
Quoting EaglePip
Hard to decipher it. A classic Outside Reversal as identified on another thread, but is it the reversal of the long term trend or the short 3 day uptrend?
Time will tell!
EP
I don't know about any of that, all I know is that a Hidden Bearish Divergence exists on the Daily chart
Doing what you like is Freedom. Liking what you do is Happiness.
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