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Genesis Matrix Trading

  • #1,701
  • Aug 7, 2012 12:55am Aug 7, 2012 12:55am
An interesting bull run to start the session off!! I wanted to take EJ as well but it began it's run from too far under the pivot. The trade would have been fine, but thems the breaks!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,702
  • Aug 7, 2012 1:11am Aug 7, 2012 1:11am
RJ and all Genesis team,

this morning I decided not to take the entry in EU even if all the conditions were in place because the DP was too close to my entry point.
My plan was to wait and eventually in case of breakout over the DP to enter after a re-test of the support.

Unfortunately PA didn't give me so far this chance.

What is your strategy in these cases?

ciao

wiz
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You control how you trade; the market controls how and when you'll get paid
  • #1,703
  • Aug 7, 2012 1:22am Aug 7, 2012 1:22am
Quoting wiz3003
RJ and all Genesis team,

this morning I decided not to take the entry in EU even if all the conditions were in place because the DP was too close to my entry point.
My plan was to wait and eventually in case of breakout over the DP to enter after a re-test of the support.

Unfortunately PA didn't give me so far this chance.

What is your strategy in these cases?

ciao

wiz
My Pivot and yours are slightly different, but even still, the pivot was close and the move was powerful.....it's a shame that the pivot wasn't re-tested to give you an entry. When the PA moves with such power I will (and did) enter because it's likely that the PA will just blast right though the pivot, due to it's power.....and.....you can throw your SL just under the pivot in case the PA does indeed come back and re-test it.

It's a difficult one to make a hard and fast rule for because in ranging times such as these, the PA is not always going to play nicely for us!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,704
  • Aug 7, 2012 1:31am Aug 7, 2012 1:31am
Quoting realjumper
My Pivot and yours are slightly different, but even still, the pivot was close and the move was powerful.....it's a shame that the pivot wasn't re-tested to give you an entry. When the PA moves with such power I will (and did) enter because it's likely that the PA will just blast right though the pivot, due to it's power.....and.....you can throw your SL just under the pivot in case the PA does indeed come back and re-test it.

It's a difficult one to make a hard and fast rule for because in ranging times such as these, the PA is not always going...
Thank you RJ,

good suggestion.
Just now I feel PA would give me a second chance ... I feel PA could re-test the DP . In this case stox and genesis will lead my hand.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #1,705
  • Aug 7, 2012 1:36am Aug 7, 2012 1:36am
Quoting realjumper
the pivot was close and the move was powerful.....
against : when genesis give long signal PA was not powerful. in downtrend with 3 lower highs + new low before & pivot 7 pips away
for :1.2375 was support yesterday + break of trendline & close above it on candel signal + stochastic 5/15 in good position + can put stoploss not far away

not eazy to decide
  • #1,706
  • Aug 7, 2012 1:40am Aug 7, 2012 1:40am
Quoting Robertk
I'm still thinking if this is really true. 5M seems way more efficient and easing the mind while trading. A bunch of 1M false signals can be avoided.

Few examples below:

Con of 5M matrix
http://img96.imageshack.us/img96/7682/57692964.gif

Con of 1M matrix
http://img225.imageshack.us/img225/3193/33258477.gif

Now I admit today wasn't the ideal day for this system in the first place in my opinion. DXY was moving in a very tight ranging block market a good chunk of the day. 5M would clearly beat 1M when it comes...
use the graph candlestick with moving average ?
not understand
please do you post template with your charts ?
please
  • #1,707
  • Aug 7, 2012 1:47am Aug 7, 2012 1:47am
Quoting wiz3003
RJ and all Genesis team,

this morning I decided not to take the entry in EU even if all the conditions were in place because the DP was too close to my entry point.
My plan was to wait and eventually in case of breakout over the DP to enter after a re-test of the support.

Unfortunately PA didn't give me so far this chance.

What is your strategy in these cases?

ciao

wiz
Price had already crossed and re-crossed the pivot 3 times before London open. Chances are it would do it again so I took the trade.

My pivot is in the same position as yours (wiz) rather than RJ's. It depends on when the start of day is. My point is that different people see pivots at slightly different places ... so don't put too much faith in them.
  • #1,708
  • Aug 7, 2012 1:48am Aug 7, 2012 1:48am
Quoting IgorD
against : when genesis give long signal PA was not powerful. in downtrend with 3 lower highs + new low before & pivot 7 pips away
for :1.2375 was support yesterday + break of trendline & close above it on candel signal + stochastic 5/15 in good position + can put stoploss not far away

not eazy to decide
The trade was entered the candle after the red line of my screenshot.....I tend to do it this way so you can see the candle properly. That candle pushed straight through the pivot. I'm not too interested in lower highs and lows because we are in a ranging market, not a trending market. However, there's nothing wrong with doing that because it will keep you extra safe.

The trade was +37 for a -15 SL. A pretty good r/r in my opinion.

Of course there's always a risk.....that's the nature of this business. If you don't accept the risk and pull the trigger when things are looking good, you will never be able to pull the trigger.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,709
  • Aug 7, 2012 1:55am Aug 7, 2012 1:55am
Quoting Bushman
Price had already crossed and re-crossed the pivot 3 times before London open. Chances are it would do it again so I took the trade
That's a very good point Bushman: if there is a pivot nearby, take a good look at the PA around it at the end of the Asian Session/start of Euro session for extra clues.
A level (any level) that has already been breached is not likely to be as strong as a level that has offered solid support/resistance in the recent past.
  • #1,710
  • Aug 7, 2012 2:01am Aug 7, 2012 2:01am
Quoting olivierforex
That's a very good point Bushman: if there is a pivot nearby, take a good look at the PA around it at the end of the Asian Session/start of Euro session for extra clues.
A level (any level) that has already been breached is not likely to be as strong as a level that has offered solid support/resistance in the recent past.
Good point. This was exactly my thought analyzing the movement later ... PA already crossed over the DP some times. It wasn't a strong level.

Next time
You control how you trade; the market controls how and when you'll get paid
  • #1,711
  • Edited 5:31am Aug 7, 2012 2:38am | Edited 5:31am
Hi Guys, my very first post at FF, big thanks for the time and effort put into this work of art :-)

I'm having issues with the arrows showing sporadically on alerts, and also some of the alerts start with "genesis" and pair, but without a stop loss or time frame. Other alerts show BUY SIGNAL @ or SELL SIGNAL @ with the pair,TF and stop loss.

Have i mucked up the install?
  • #1,712
  • Aug 7, 2012 3:27am Aug 7, 2012 3:27am
GU M5

This is a good looking trade......I hope someone got a piece of it. I missed out because I was committed on other trades....shame, that was a nice one
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,713
  • Aug 7, 2012 3:41am Aug 7, 2012 3:41am
Quoting realjumper
GU M5

This is a good looking trade......I hope someone got a piece of it. I missed out because I was committed on other trades....shame, that was a nice one
Leave it and the other to win, you only you!
  • #1,714
  • Aug 7, 2012 4:02am Aug 7, 2012 4:02am
Quoting gtudor
Leave it and the other to win, you only you!
Trading today is not too difficult as long as we take small bites out of the market. The GU run would have been a great one to be in on, but even taking 10, 15, or 20 pips is still good......they all add up
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,715
  • Aug 7, 2012 4:06am Aug 7, 2012 4:06am
Quoting metworth
Hi Guys my very first post at FF big thanks for the time and effort put into this work of art :-)
I'm having issues with the arrows showing sporadically on alerts, and also some of the alerts start with "genesis" without a stop loss or time frame whilst other alerts show BUY SIGNAL @ or SELL SIGNAL @ with a TF and stop loss.
Have i mucked up the install?
metworth,
Those signals are coming from two different indicators.
The first, beginning with "genesis" is coming from the genesis matrix, without a stop loss/or time frame.
The second is coming from the arrow indicator, controlled by the SoundAlarm property, which has a default value of false. Since the arrow is a secondary signal, which isn't really needed to be present for a trade entry, I suggest you turn that property back to false.
  • #1,716
  • Aug 7, 2012 4:27am Aug 7, 2012 4:27am
Quoting realjumper
No, you don't understand. We are trading the system here. When the Genesis Matrix signals a trade AND stochastic is appropriately positioned AND the candles opens clear of the Yellow EMA on the appropriate side, then we enter the trade. It is even better still if the Arrow has displayed.

Those are the rules of entry of this system. That is made clear on the first page. In the first post it clearly states: What we won’t do here is to predict which way the market is going next…..because we don’t know that!
Hi Realjumper,

Hmm, If I open a trade with genesis signals and rules, for ME it is verry nice to know, where are a good TakeProfit place.

If I am in a running geneis trade, I figure out with the fibo extansions, where are the possible targets are. If you understand that as prediction, no problem.

But for me are last highs /lows, Pivotpoints, Fiblevels, Rundnumbers and so on, possible arreas for my special interesst. If its forbidden at your thread to talk over personly trade experience, we must start an other thread with the title: Genesis Matrix - how to use...

I think, thats not real what you want. ;-)

but it is o.k. for me, not to talk over genesis matix user experience.
  • #1,717
  • Aug 7, 2012 4:38am Aug 7, 2012 4:38am
Quoting genaja
Hi Realjumper,

Hmm, If I open a trade with genesis signals and rules, for ME it is verry nice to know, where are a good TakeProfit place.

If I am in a running geneis trade, I figure out with the fibo extansions, where are the possible targets are. If you understand that as prediction, no problem.

But for me are last highs /lows, Pivotpoints, Fiblevels, Rundnumbers and so on, possible arreas for my special interesst. If its forbidden at your thread to talk over personly trade experience, we must start an other thread with the title: Genesis...
Hi,

I apologise to you....Oliverforex took your posts in the way that I think you intended them, and I took them in a way that you didn't intend them. I was wrong, and I apologise to you.

Yes, fib expansions were used by Olivia and Yelena I think, in the past at some stage, and I think they used them with some success too. Olivia is away for a few days and so is Yelena so I can't ask them, but you might like to confer with them when they get back here, because I'm pretty sure that they got reasonably accurate with them. Not sure why they stopped using them.

I know what you mean about having a target to aim for when you open a trade. I do a similar thing but I do it steps......kinda like crossing a stream by stepping on the stones to keep my feet dry. The overall target is to cross the stream to the other side, but I do it in stages. Might be from pivot to S1, then S2, then round number, then S3, and ATR or whatever.....I will just manually trail the trade from stone to stone until I get stopped in profit. Sometimes I will exit at a specific point, but it has to be a very strong point of support or resistance or else I will just move my SL and see whether the s/r will break or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,718
  • Aug 7, 2012 4:43am Aug 7, 2012 4:43am
Quoting Angie 2012
Hello realjumper or any kind person who cares to reply,

This thread is very interesting and I have decided to apply the genesis matrix indi to my MT4 platform, however I have a problem. I installed the indi and it has really slowed down the platform, do you have any suggestions?, also the arrows have not appeared on the charts as they are on yours. I am using windows vista, hope you can help and thanks in advance.

Angela
Angela,
As bubola and RJ have suggested, make sure your MT4 is up to date. Second, got to the Tools/Options/Charts tab of the MT4 main menu, and make sure the Max bars in chart is a reasonable number (like 5000). Having a large number here can slow down the initial load, but after that things should be OK.

Beyond that, the only time I've had a problem with system response was when one of the Genesis indicators was not present in the experts\indicators folder. Follow the instructions here and see if it helps.

If it doesn't, I would try creating a new demo installation in a folder that isn't inside the Program Files or Program Files (x86) folders. (Vista has some issues with "permissions" that can cause unusual behavior on some systems. ) Then install the Genesis indicators from Page 1 and try again.

Large numbers of indicators (>500) in the experts\indicators or a very large history file or a large number of trades in a profile can slow a system way down or crash it. A fresh install of MT4 should use about 17,000-23,000 KBytes of memory (as shown in Task Manager/Processes tab). If you're using > 100,000 Kbytes for an install, it's probably time to clean things up a bit.

Hope this helps.
--Cody
  • #1,719
  • Aug 7, 2012 5:03am Aug 7, 2012 5:03am
Range trading has been good today.....damn shame I missed GU though.... lol.

Never mind, I reached my target but I'm going to wait and see what Bernanke has to say.....he'll be running his mouth in about 1 hour from now.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,720
  • Aug 7, 2012 5:05am Aug 7, 2012 5:05am
Hi. I have a question to RJ if I may.. please tell me after how many pips in profit you set your BE +1 or simply start to trail your trades?
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