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Genesis Matrix Trading

  • #2,801
  • Aug 22, 2012 5:52am Aug 22, 2012 5:52am
Quoting yelena
EU EC and EJ <40 pips. such a poor day
Hey Yelena, what Stochastic is that? I like how it shows over bought and sold zones with color.
  • #2,802
  • Aug 22, 2012 6:00am Aug 22, 2012 6:00am
Quoting Jandre
Hey Yelena, what Stochastic is that? I like how it shows over bought and sold zones with color.
Try this one, Jandre. http://www.forexfactory.com/showthre...03#post5868503
  • #2,803
  • Aug 22, 2012 6:23am Aug 22, 2012 6:23am
Quoting yelena
EU had an M15 short arrow and its price closed below SMA60. so i shorted same in EJ and CJ when they signaled an M5 genesis (failed).

if you are referring to the trade just now, i take advantage of signals right before or after market open or at high-impacting news. no new positions in between.
No I meant these 3 trades (it was a similar picture in CJ) but you answered my question when you replied to Dmitry (EU EJ CJ were 3x failed short entries).
http://www.forexfactory.com/showthre...99#post5947699
I asked because I wouldn't take EJ nor CJ as they were only a few pips from their respective DP (EU was fairly close too). But yesterday you mentioned that you only considered pivots for exits so I was curious why you hadn't taken these 3 trades, but in fact you had taken them so all is good.

Cheers.
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  • #2,804
  • Aug 22, 2012 6:42am Aug 22, 2012 6:42am
Quoting realjumper
This not a prediction, because I don't know what's going to happen next!!

This is the H4 chart and you can see the H4 trendline (in red). See also the 61.8 fib and how it has twice before stopped the pa advancing.

Just something to bear in mind
So the fib didn't hold last night, and now we are getting a re-test of the line as so very often happens with S/R levels
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,805
  • Aug 22, 2012 6:42am Aug 22, 2012 6:42am
-15 so far it ok live to trade another day
  • #2,806
  • Aug 22, 2012 6:50am Aug 22, 2012 6:50am
RJ, I was wondering if you had any trades recently where the 'open clear' 5SMA(HLC/3-Shift2) stopped you from entering? When I get a Genesis matrix signal, the next candle always seems to be clear of the MA (maybe I need new glasses lol)!
  • #2,807
  • Aug 22, 2012 6:58am Aug 22, 2012 6:58am
Quoting olivierforex
RJ, I was wondering if you had any trades recently where the 'open clear' 5SMA(HLC/3-Shift2) stopped you from entering? When I get a Genesis matrix signal, the next candle always seems to be clear of the MA (maybe I need new glasses lol)!
Now that you mention it Oli, it does seem that way doesn't it? Have to remember that I developed that safety feature before Genesis, so I just carried it over as an ingrained habit. I'll keep and eye on it but either way, no harm done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,808
  • Aug 22, 2012 7:09am Aug 22, 2012 7:09am
Quoting realjumper
Now that you mention it Oli, it does seem that way doesn't it? Have to remember that I developed that safety feature before Genesis, so I just carried it over as an ingrained habit. I'll keep and eye on it but either way, do harm done
That was my thinking but I couldn't find any polite way to express the fact that I was wondering if it could be 'redundant' now lol
Maybe it's to do with with the new T3/GHL being more accurate than the old Symphonie bits?
PS: I reckon that it would make you even more popular with the ladies if the unloved(by some) HA candles were ditched...
  • #2,809
  • Aug 22, 2012 7:19am Aug 22, 2012 7:19am
Quoting olivierforex
That was my thinking but I couldn't find any polite way to express the fact that I was wondering if it could be 'redundant' now lol
Maybe it's to do with with the new T3/GHL being more accurate than the old Symphonie bits?
PS: I reckon that it would make you even more popular with the ladies if the unloved(by some) HA candles were ditched...
I'll keep an eye on the candle opening clear and see how it goes.

Nah.....HA candles are here to stay. They smooth out a lot of the Japanese candles noise and it also makes people more reliant on the system and not on the predictive nature of Japanese candle patterns and formations. It's kind of like the Windows vs Mac debate, one may or may not be better than the other, it just a matter of getting used to the 'other' and no dismissing it out of hand simply because the user is unfamiliar with the tools. Taking the time to get to know the tools very often opens peoples eyes to something that is good.

Having said, if people want to change it on their own template, that's up to them.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,810
  • Aug 22, 2012 7:35am Aug 22, 2012 7:35am
Definitely windows..
  • #2,811
  • Aug 22, 2012 7:46am Aug 22, 2012 7:46am
Quoting Thoughts
Definitely windows..
Windoze sux
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,812
  • Aug 22, 2012 7:48am Aug 22, 2012 7:48am
anyone getting any trades at all?
Pursuit of happiness
  • #2,813
  • Aug 22, 2012 7:51am Aug 22, 2012 7:51am
Quoting Poh
anyone getting any trades at all?
A few short term scalps, but nothing major
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,814
  • Aug 22, 2012 7:51am Aug 22, 2012 7:51am
Quoting realjumper
So the fib didn't hold last night, and now we are getting a re-test of the line as so very often happens with S/R levels
Yes we had a successful test of the old resistance so far and now we get a long matrix signal but M5 stox is not very well placed (M15 & M30 stox are spot on).
We need to wait for the stox to finish their dance:
1) small & quick move up for the price
2) then a move down for a retest of the support area/DP
3) during 2) the M5 stox will nicely re-position itself again at the bottom
4) next Genesis long signal could be a cracker (M5 M15 & M30 stox in agreement)
We had something quite similar where I've drawn the yellow circle. It might or might not happen like that but that would be an ideal scenario for Longs.

A tip for Candle lovers and HA non-lovers:
.go in the Colours tab of your HA indicator
.change the bottom 2 lines from 3 to 2 (this will thin down your HA candles)
.right click on your chart and select 'Properties'; change 'bar up' & 'bull candle' to white + 'bar down' & bear candle' to red (if these are the colours that you use)
.click on 'bar chart' at the top (blue circle) and now because of your thinned down HA candles you can actually see the Open & Close of each normal candle (I know it's small but I can't help that - better than nothing though).
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  • #2,815
  • Aug 22, 2012 7:54am Aug 22, 2012 7:54am
Quick scalp
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Look at something long enough, you will eventually get it.
  • #2,816
  • Aug 22, 2012 7:57am Aug 22, 2012 7:57am
Quoting realjumper
Windoze sux
Oh dear, its another apple fan...lol
  • #2,817
  • Aug 22, 2012 7:59am Aug 22, 2012 7:59am
Quoting Poh
anyone getting any trades at all?
Couple of scalps on gold..
  • #2,818
  • Aug 22, 2012 8:04am Aug 22, 2012 8:04am
Quoting realjumper
Nah.....HA candles are here to stay. They smooth out a lot of the Japanese candles noise and it also makes people more reliant on the system and not on the predictive nature of Japanese candle patterns and formations.
That's very true and even truer the smaller the TimeFrame: how much importance can you really give to a 5 minute doji or a 1 minute bearish engulfing pattern....
Don't get me wrong, candlestick pattern play a role in my analysis but generally only in the higher TFs
  • #2,819
  • Aug 22, 2012 8:04am Aug 22, 2012 8:04am
Quoting Thoughts
Oh dear, its another apple fan...lol
Lol.....not really. I've used both extensively and I really don't have a preference.....either will do
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,820
  • Aug 22, 2012 8:07am Aug 22, 2012 8:07am
Quoting olivierforex
That's very true and even truer the smaller the TimeFrame: how much importance can you really give to a 5 minute doji or a 1 minute bearish engulfing pattern....
Don't get me wrong, candlestick pattern play a role in my analysis but generally only in the higher TFs
Yep. You'll notice that when I post technical analysis charts, divergences, fibs etc that they are all in Japanese Candles and are usually H1 or higher.That's when Japanese candles come into their own, as you say.
Doing what you like is Freedom. Liking what you do is Happiness.
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