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Genesis Matrix Trading

  • #2,781
  • Aug 22, 2012 3:49am Aug 22, 2012 3:49am
ahh I had to go do something for 10 mins and missed that 25pip bull run on EU
Pursuit of happiness
  • #2,782
  • Aug 22, 2012 3:51am Aug 22, 2012 3:51am
your not alone poh, i have been watching the markets since 7am, got so fed up, went to do something else and up she goes
  • #2,783
  • Aug 22, 2012 4:30am Aug 22, 2012 4:30am
Quoting magdelen
your not alone poh, i have been watching the markets since 7am, got so fed up, went to do something else and up she goes
Yep......difficult day so far, but that's very much the nature of the business. I imagine that the markets will be like this until FOMC is out of the way, but really, it's anyones guess. There is still pips to be made but only in short bursts.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,784
  • Aug 22, 2012 4:30am Aug 22, 2012 4:30am
Quoting Jandre
I have my London set to open as of right now at 3:00 am CST. Am I 30 minutes late to the party? Do stock Exchanges open up at 8:30am World wide or at 9:00am in there given time zone?
Not the stock exchanges you need to worry about, Forex starts before the stocks, check this web site in real time as you set your indicators

http://www.forex4noobs.com/forex-tools/forex-clock/
It takes a lot for me to IGNORE you, but you can try.
  • #2,785
  • Aug 22, 2012 4:33am Aug 22, 2012 4:33am
Quoting vnathwani
Took a long in EURJPY before reversing to a short. Anyone else take this trade?
on your chart you posted, I think you already correct to get buy position, but why the arrow and all 4 indi show sell signal? Anyone could explain? Or maybe I make mistake interpretation. thanks for your information
  • #2,786
  • Aug 22, 2012 4:36am Aug 22, 2012 4:36am
Quoting vnathwani
Took a long in EURJPY before reversing to a short. Anyone else take this trade?
Hi and thanks for the reply. It was pretty much back to back signals with a buy and then a sell. So given the quiet conditions, I think whipsawing!!

BTW I need to test this system moreso on a Daily TF basis so will be reading the first post as there is something there on higher TF trading. Be interested to hear from anyone else who is trading higher TFs
  • #2,787
  • Aug 22, 2012 4:42am Aug 22, 2012 4:42am
Quoting vnathwani
Hi and thanks for the reply. It was pretty much back to back signals with a buy and then a sell. So given the quiet conditions, I think whipsawing!!

BTW I need to test this system moreso on a Daily TF basis so will be reading the first post as there is something there on higher TF trading. Be interested to hear from anyone else who is trading higher TFs
May I ask you, on that case you shown, do you close your buy order and make new sell order? is that buy order closing with minus? thanks for your kind information
  • #2,788
  • Aug 22, 2012 4:47am Aug 22, 2012 4:47am
Quoting ronald_fsm
May I ask you, on that case you shown, do you close your buy order and make new sell order? is that buy order closing with minus? thanks for your kind information
Hi. This is correct. Close the buy and revert to sell taking a hit on the buy. To be honest, I have tested many systems in the past and think that with Genesis, my personal approach should be to filter the trades to only take trades in the direction of the higher TF. So on a 15min TF, its usually 4x the TF that represents the higher TF so trade in the direction of the 60min TF.

But I am thinking of migrating to Daily TFs. Can't manage 15min with the day job!!
  • #2,789
  • Aug 22, 2012 4:50am Aug 22, 2012 4:50am
Quoting vnathwani
Hi and thanks for the reply. It was pretty much back to back signals with a buy and then a sell. So given the quiet conditions, I think whipsawing!!

BTW I need to test this system moreso on a Daily TF basis so will be reading the first post as there is something there on higher TF trading. Be interested to hear from anyone else who is trading higher TFs
i look to the 1 hour tf for overall direction and support and resitance area,this gives me more confidence to stay in the trades, if the 1h is going my way
  • #2,790
  • Aug 22, 2012 4:53am Aug 22, 2012 4:53am
A suggestion....on looking at higher TFs. Its frustrating to have to toggle charts to different timeframes and you can really only have so many charts open at the same time. So I have on one screen, 8 charts which is plenty and i can see clearly the Genesis template for each chart

What i have done is had an indicator written that displays in the top left, the higher TF performance (simply an arrow to show trending up or trending down). I can change this higher TF aswell as the settings for my chosen indicators. This saves all the toggling between charts

As I say, just a suggestion!!!
  • #2,791
  • Aug 22, 2012 4:58am Aug 22, 2012 4:58am
Yes, but i like to see the market, Arrows wont tell me where support and restance is, i like to be in tune with it.
  • #2,792
  • Aug 22, 2012 5:03am Aug 22, 2012 5:03am
Quoting magdelen
Yes, but i like to see the market, Arrows wont tell me where support and restance is, i like to be in tune with it.
thats fine. each to their own
  • #2,793
  • Aug 22, 2012 5:04am Aug 22, 2012 5:04am
Quoting vnathwani
Hi and thanks for the reply. It was pretty much back to back signals with a buy and then a sell. So given the quiet conditions, I think whipsawing!!
Hi vnathwani,
Somewhere in this thread Ohammond has mentioned that she does not take signals right on a market open because the sudden volume can take the price anywhere it wants. The buy signal was at 0800 British Summer Time (GMT +1) exactly i.e. London Open.
Thanks for your help, warmth and straight talking Heather.
  • #2,794
  • Aug 22, 2012 5:07am Aug 22, 2012 5:07am
As an example i have posted the 1 hour chart of the FTSE,

You can clearly see the support and restistance bands, and the resistance has just been breached. I have already taken 10 pips out of this market when the level reached 5890, but have go in again because of the breach and the 5 MA is forcing it down, it may not work out, but when i see these set ups i take them.
Attached Image (click to enlarge)
Click to Enlarge Name: ftse.gif Size: 18 KB
  • #2,795
  • Aug 22, 2012 5:10am Aug 22, 2012 5:10am
EU EC and EJ <40 pips. such a poor day
Attached Images
  • #2,796
  • Aug 22, 2012 5:11am Aug 22, 2012 5:11am
annoyed that I missed the big move and lost 10 pips since then, gotta get better soon

Edit: make that 19 pips..
Pursuit of happiness
  • #2,797
  • Aug 22, 2012 5:14am Aug 22, 2012 5:14am
Quoting yelena
EU EC and EJ <40 pips. such a poor day
ah ah ah ah good image
You control how you trade; the market controls how and when you'll get paid
  • #2,798
  • Aug 22, 2012 5:26am Aug 22, 2012 5:26am
Quoting yelena
EU EC and EJ <40 pips. such a poor day
Yelena, as I see there is no only one template you are using. Every time there is or different arrows or 60sma or Stoch's. Am I right?
Everything is possible!!! Step by Step...
  • #2,799
  • Aug 22, 2012 5:27am Aug 22, 2012 5:27am
Quoting vnathwani
Took a long in EURJPY before reversing to a short. Anyone else take this trade?

Hi Wnathwani,
See my post just before yours:
http://www.forexfactory.com/showthre...99#post5947699
Taking a short trade just a few pips above the Daily Pivot is not a high probability trade and that area had already been tested 3 times and on all occasions it was rejected.
The picture was also exactly the same in CJ
  • #2,800
  • Aug 22, 2012 5:30am Aug 22, 2012 5:30am
Quoting yelena
EU EC and EJ <40 pips. such a poor day
Hi Yelena,
Any particular reason(s) why you didn't take the previous 3 short signals because EU EJ & CJ were all corelated to go short?
Love the turtle/snail cartoon though
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