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Genesis Matrix Trading

  • #2,981
  • Aug 23, 2012 8:33am Aug 23, 2012 8:33am
Quoting minako
if it was me i use CSM for the daily ranges.
What do you mean by that?
  • #2,982
  • Aug 23, 2012 8:34am Aug 23, 2012 8:34am
Quoting Kanderpro
RJ, Olivia,
Somewhere in the back of my mind I think I remember one of you saying be wary of taking signals after the Stoch has been in O/B, O/S for just a brief (single bar?) spike - signals are better when the Stoch has been in O/B, O/S for several bars. Am I right or is the dementia setting in?
Thanks,
Kan
It may have been RJ that said it, not sure that I did.
  • #2,983
  • Aug 23, 2012 8:36am Aug 23, 2012 8:36am
Quoting ohammond
It may have been RJ that said it, not sure that I did.
Nope....don't think it was me either
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,984
  • Aug 23, 2012 8:43am Aug 23, 2012 8:43am
Quoting minako
if it was me i use CSM for the daily ranges. but im keen to trading AUD pairs til tomorrow because it is still affected by the Monetary Policy Meeting Minutes released just this Monday during Asian session. so it still carries a sentiment hence the volatility.

AJ and AU had more or less the same results. this PA will probably not reach S1 the original target. so i took AU out at DP.

good night and green pips to you all.
Minako, my chart is little bit different from yours.
It's looks like you are using 89ema instead om 60sma?
Or just different prices...
Everything is possible!!! Step by Step...
  • #2,985
  • Aug 23, 2012 9:10am Aug 23, 2012 9:10am
Quoting DmitryFX
Minako, my chart is little bit different from yours.
It's looks like you are using 89ema instead om 60sma?
Or just different prices...
err nope. just SMA60. probably price feeds. its just an average (a more or less). a little up or down shouldn't be much of a concern, like pivots. the key is filtering the pairs -> what to use.

but of course i still played EU because i couldn't help myself not taking chance with EU. 4 positions, 3 simultaneous losses and 1 winner in R1 = +1 so its kinda non-sense to post that

@olivia: i don't get the question.

@tommy13: if CSM is challenge for you (it took me 3 weeks to understand how to use it), you can just use olivia's ATR. by frankie open today AJ AU and EA were already at 49-41-45. so they have more potential to move/retrace. when EU EJ and CJ are interested to move it moves during asia and they open frankie at +35 for ATR and above, else a weak 19. not as accurate as CSM. but it is half as suggestive.
Attached Image
Challenger
  • #2,986
  • Aug 23, 2012 9:19am Aug 23, 2012 9:19am
Quoting minako
err nope. just SMA60. probably price feeds. its just an average (a more or less). a little up or down shouldn't be much of a concern, like pivots. the key is filtering the pairs -> what to use.

but of course i still played EU because i couldn't help myself not taking chance with EU. 4 positions, 3 simultaneous losses and 1 winner in R1 = +1 so its kinda non-sense to post that

@olivia: i don't get the question.

@tommy13: if CSM is challenge for you (it took me 3 weeks to understand how to use it), you can just use olivia's ATR. by frankie open...
You have Apply to set to Typical and not Close which is the normal one.
  • #2,987
  • Aug 23, 2012 9:20am Aug 23, 2012 9:20am
Quoting minako
@olivia: i don't get the question.
I don't understand how you use the CSM for the daily range?
  • #2,988
  • Aug 23, 2012 9:40am Aug 23, 2012 9:40am
Quoting ohammond
I don't understand how you use the CSM for the daily range?
henry has a 13-minute video although he focuses in newstrading the application is the same overall coz price retraces showing change in color/strength.

the LFL-ATRprojections.ex4 has an ATR, you can just check that at frankie open to determine which pair has traveled the strongest. pick your top 2, 3 or 4. it just means opening many charts.

but learning how to view CSM tells one which has the top 2, 3 or 4 price movements calculating until 5pm EST. whereas ATR only calculates beginning 5pm EST to the time one open's his/her chart.
Challenger
  • #2,989
  • Aug 23, 2012 9:42am Aug 23, 2012 9:42am
RJ, can you explain how you read stochastic when this situation happen ? Market goes in one direction and the 15 minutes stay oversold, of course the 5 minutes line stay under the 15 minutes...
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  • #2,990
  • Aug 23, 2012 9:44am Aug 23, 2012 9:44am
Quoting realjumper
Here is the chart of my Au trade.

Have a close look Oli.......this is an example where Genesis signaled short before the HA candle opened clear of the yellow ma
Sorry, I've been busy elsewhere and couldn't reply earlier.
The 'open clear' rule applies to the HA candle that comes straight after the Genesis signal and it seems ok looking at your chart & that would have been a valid trade entry. I'm not sure I follow your point...
  • #2,991
  • Aug 23, 2012 10:08am Aug 23, 2012 10:08am
I know that I said that I will be not here again
but I just want to proof something

Can you tell me JR whr you didn't take this trade short in the vertical line

all you conditions is right
1. matrix red 5m
2. matrix red 15m
3. Under Pivot line
4. Stoch m5 M15 come from 80 zone

so tell me what is wrong
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  • #2,992
  • Edited 10:51am Aug 23, 2012 10:13am | Edited 10:51am
Quoting ttaro27
RJ, can you explain how you read stochastic when this situation happen ? Market goes in one direction and the 15 minutes stay oversold, of course the 5 minutes line stay under the 15 minutes...
If the M15 Stox stays stubornly OB, you will see an obvious uptrend on your chart and then you will look for the M5 stox to go back down in OS territory (yellow arrows) and then look for a new M5 Genesis long signal with the M5 stox still in a decent position to re-enter (yellow vertical lines).
But care is need because the more powerful M15 stox being in OB condition could dictate the next proper move in the opposite condition. So pick these carefully: the best ones will be if you can hide your stoploss not too far below to still give you a good R/R ratio (yellow horizontal lines).
Also on 1st page link (Stochastic Indicator (more info):
http://www.forexfactory.com/showthre...20#post5883620
Oli
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  • #2,993
  • Aug 23, 2012 10:16am Aug 23, 2012 10:16am
[quote=minako;5953547]the LFL-ATRprojections.ex4 has an ATR, you can just check that at frankie open to determine which pair has traveled the strongest. pick your top 2, 3 or 4. it just means opening many charts.
[quote]

Nice tip for some early morning productive work
  • #2,994
  • Aug 23, 2012 10:16am Aug 23, 2012 10:16am
Quoting bugsbunny110
I know that I said that I will be not here again
but I just want to proof something

Can you tell me JR whr you didn't take this trade short in the vertical line

all you conditions is right
1. matrix red 5m
2. matrix red 15m
3. Under Pivot line
4. Stoch m5 M15 come from 80 zone

so tell me what is wrong
Day to forget. In my opinion you've done everything right (I had that I trade) then I think the news of gas stocks, EU has not broken down but tore up with the result you see. I think there is a logical explanation or technical in the strict sense, otherwise everything would be much easier. The market is so, you have to remove the logic to his behavior and try to follow its irrationality, and I think this is the problem.
This is my opinion.

Hello, tomorrow will be better.
  • #2,995
  • Aug 23, 2012 10:20am Aug 23, 2012 10:20am
Quoting olivierforex
If the M15 Stox stays stubornly OB, you will see an obvious uptrend on your chart and then you will look for the M5 stox to go back down in OS territory (yellow arrows) and then look for a new M5 Genesis long signal with the M5 stox still in a decent position to re-enter (yellow vertical lines).
But care is need because the more powerful M15 stox being in OB condition could dictate the next proper move in the opposite condition. So pick these carefully: the best ones will be if you can hide your stoploss not too far below to still give you a good...
Thank you Oli for your explanations. I guess what would prevent of taking the genesis short signals is that the me stox is in bad position when genesis give the shorts signals...
  • #2,996
  • Aug 23, 2012 10:28am Aug 23, 2012 10:28am
Hello friends,
this is my first post here in this excelent thread, which I am following for few days. I have a newbie question regarding the attached picture. How to avoid such a fake signals as I highlighted there. Pls advise.
Thanks in advance.
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  • #2,997
  • Aug 23, 2012 10:50am Aug 23, 2012 10:50am
Quoting bugsbunny110
I know that I said that I will be not here again
but I just want to proof something

Can you tell me JR whr you didn't take this trade short in the vertical line

all you conditions is right
1. matrix red 5m
2. matrix red 15m
3. Under Pivot line
4. Stoch m5 M15 come from 80 zone

so tell me what is wrong
Hey Bugs, good to see you back.
You're right, this was a fine short entry with nice double/treble top/rejection of R1. SL would have been about 25 pips but that's maybe too much for some?
This is what I would have looked for before I entered:
.the 2-3 support bounces before entry were around 2537 giving you only 10 pips before a possible bounce & the previous ones weren't far away either (2526/2528) so keep that in mind (there might only be 10/20 pips in it).
.happy with that and a 25 pips SL? Then you enter and now you need to nurture that trade and look for signs that the 10/20 pips might be all you gonna get (the DP is a long way away at 2499).

A) M5 stox was already quite low when you entered and within a few candles it was OS ---> be careful and keep a close eye on the trade.
B) The first sign of trouble was the positive stochastic divergence at (1) Price made a new low but the stox was already rising a bit (even if the stox had stayed flat and not risen, that would still have been a positive divergence) ---> be more careful
C) Then you had a 2nd positive stox divergence at (2) (price stayed flat but the stox was already rising ---> by now alarm bells might start ringing, so either take your 10 pips or at least put your SL at B/E.

Last but not least, with one broker I got my entry signal at the same time as you (late), but with another one (Alpari UK) I got it a few candles earlier (where the yellow vertical line is). Food for thought, although on this occasion it didn't make any difference as the entry price would have been very similar.

Oli
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  • #2,998
  • Aug 23, 2012 10:58am Aug 23, 2012 10:58am
also keep in mind that 1.2533 was last day's high, and eur/usd has been moving above it since frankfurt opening.

not the best idea to short right above it.

but today was not a very good day, tight range.

Sometimes the signal is good but the market just refuse to give us enough pips, it happens.
  • #2,999
  • Aug 23, 2012 11:08am Aug 23, 2012 11:08am
Quoting teapeak
Hello friends,
this is my first post here in this excelent thread, which I am following for few days. I have a newbie question regarding the attached picture. How to avoid such a fake signals as I highlighted there. Pls advise.
Thanks in advance.
Welcome Teapeak,
Things to consider for those 4 potential trades:
1) the DP area that provided support earlier is only 9 pips away and your SL would have to be at least 20+ pips away; not a good R/R ratio + M5 stox had already bounced from OS
2) I'd been ok with that: stox is fine but you have 2 previous resistances only 5 and 7 pips away
3) stox didn't even go in OB area before turning down - no go for me
4) stox didn't even go in OS area before turning up - no go for me
Oli
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  • #3,000
  • Aug 23, 2012 11:16am Aug 23, 2012 11:16am
Quoting bugsbunny110
I know that I said that I will be not here again
but I just want to proof something

Can you tell me JR whr you didn't take this trade short in the vertical line

all you conditions is right
1. matrix red 5m
2. matrix red 15m
3. Under Pivot line
4. Stoch m5 M15 come from 80 zone

so tell me what is wrong
Hello Bugsbunny110.

The chart looked like this with HA candles:


http://s12.postimage.org/9ljtusm4d/eu2.png

Using HA I think it wouldve been a lot easier to make a judgement call since the reversal would be clearer as you watch the price..especially if you dont like large draw-downs or large stop-losses. Further, the news threw PA the opposite way..I would recommend not to take a position into a news release, except of course you're Yelena.

Ps. stick around, I quite like you
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