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Genesis Matrix Trading

  • #3,241
  • Aug 29, 2012 4:59am Aug 29, 2012 4:59am
Quoting bubola
i think we consider a piv level broken when we have an HH OPEN above/below..in this case piv was breached, not broken
Maybe you're right, but under different conditions, personally maybe wrong, I opened a short closure under the Pivot. In this case I was short so I then closed the first bar next sequence otherwise.
Perhaps it is within the discretion that each of us has and must put into practice, or simply do not exist fixed rules, but the market goes where he pleases no matter what we say or we want.

Hello
  • #3,242
  • Aug 29, 2012 5:01am Aug 29, 2012 5:01am
Quoting Matrix8756
the market goes where he pleases no matter what we say or we want.

Hello
ci puoi scommettere
  • #3,243
  • Aug 29, 2012 5:01am Aug 29, 2012 5:01am
Quoting Matrix8756
Maybe you're right, but under different conditions, personally maybe wrong, I opened a short closure under the Pivot. In this case I was short so I then closed the first bar next sequence otherwise.
Perhaps it is within the discretion that each of us has and must put into practice, or simply do not exist fixed rules, but the market goes where he pleases no matter what we say or we want.

Hello
The short began around the opening of Frankie, and it ended at the pivot. It really is that simple!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,244
  • Aug 29, 2012 5:04am Aug 29, 2012 5:04am
Quoting realjumper
The short began around the opening of Frankie, and it ended at the pivot. It really is that simple!!
I agree RJ. In fact I did. It 's just the interpretation of certain movements or figures that can sometimes have different points of view. That's it.

Hello
  • #3,245
  • Aug 29, 2012 5:05am Aug 29, 2012 5:05am
Quoting scarlet pipe
Nope.....Waited to see if it would retest for confirmation and got left behind! These things happen, unfortunately.
I have reason to not wait for retest
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"Trading require mental flexibility far beyond the scope of most people"
  • #3,246
  • Aug 29, 2012 5:10am Aug 29, 2012 5:10am
Quoting Matrix8756
I agree RJ. In fact I did. It 's just the interpretation of certain movements or figures that can sometimes have different points of view. That's it.

Hello
But it's really not that hard. On that chart I posted you can see where the short started......you can see 4 candles trying to break through the pivot, one of which is a bullish doji (white)......you can see that both stochs are on the floor.....if you didn't exit there you should certainly be moving your SL into a good profitable position because the chances of a pivot bounce are pretty high.

Having exited the short, the conditions for a long trade become quite obvious. If this was part of a decent trend then I might not take the reversal, but we are not in a trend....we are just ranging, and have been for a while now.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,247
  • Aug 29, 2012 5:18am Aug 29, 2012 5:18am
Quoting realjumper
But it's really not that hard. On that chart I posted you can see where the short started......you can see 4 candles trying to break through the pivot, one of which is a bullish doji (white)......you can see that both stochs are on the floor.....if you didn't exit there you should certainly be moving your SL into a good profitable position because the chances of a pivot bounce are pretty high.

Having exited the short, the conditions for a long trade become quite obvious. If this was part of a decent trend then I might not take the reversal, but...
RJ as always you are always willing to debate and I thank you. I agree with you, in fact I ran the short to Frankfurt and then to the max x Toggle long closed today, without waiting for if it breaks or not.
All of this began with the report Iwan73 that did not understand the method.
I just wanted to reiterate that sometimes the movements / Pivot / SR are interpreted differently by each of us (since we are not all the same), the rest I can say that the two movements were by the book.

Hello and thanks again.
  • #3,248
  • Aug 29, 2012 5:24am Aug 29, 2012 5:24am
Quoting realjumper
Nice pivot bounce reversal on EU.....and other pairs
This is my first post here. I write to congratulate and thank everyone involved, especially to RJ. I think Genesis is a good system, and I'm trying to learn as much as possible. Sorry for my English is not good. just one question:
Do you useSMA60 to confirm?
  • #3,249
  • Aug 29, 2012 5:40am Aug 29, 2012 5:40am
Quoting Mas_fx
This is my first post here. I write to congratulate and thank everyone involved, especially to RJ. I think Genesis is a good system, and I'm trying to learn as much as possible. Sorry for my English is not good. just one question:
Do you useSMA60 to confirm?
Did you see it in the template in the zip file in Post #1?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,250
  • Aug 29, 2012 5:45am Aug 29, 2012 5:45am
Quoting realjumper
Did you see it in the template in the zip file in Post #1?
Yes, I know. Thanks for your reply.
  • #3,251
  • Aug 29, 2012 6:22am Aug 29, 2012 6:22am
RJ,

I placed a short trade at the signal, shown in the picture, and I closed after many candles, and now I'm arguing with a friend of mine regarding the managing of the position. I think we must catch the momentum of the signal and exit when it refuses to run or, like in this case, it doesn't go anywhere, and him think the contrary, hold on the position till the stop loss or to a next clear reverse signal.

thank's in advance
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  • #3,252
  • Aug 29, 2012 6:27am Aug 29, 2012 6:27am
Quoting vamtop
RJ,

I placed a short trade at the signal, shown in the picture, and I closed after many candles, and now I'm arguing with a friend of mine regarding the managing of the position. I think we must catch the momentum of the signal and exit when it refuses to run or, like in this case, it doesn't go anywhere, and him think the contrary, hold on the position till the stop loss or to a next clear reverse signal.

thank's in advance
I aggree with your friend, but it is your money, your call, your decision. So you are responsable, you assume the good, the bad and the ugly!

When you get in a position, you place a stop. You shouldn't exit unless there is sign of change of direction. In this case, there was no change in my opinion, not on the chart. Thats why your stop need to leave some room to the trade to execute itself. But, again, it is your choice and at the end of the day/month if you made money, how can we blame you ?
  • #3,253
  • Aug 29, 2012 6:37am Aug 29, 2012 6:37am
Quoting vamtop
RJ,

I placed a short trade at the signal, shown in the picture, and I closed after many candles, and now I'm arguing with a friend of mine regarding the managing of the position. I think we must catch the momentum of the signal and exit when it refuses to run or, like in this case, it doesn't go anywhere, and him think the contrary, hold on the position till the stop loss or to a next clear reverse signal.

thank's in advance
There's no right or wrong answer.....it's a personal thing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,254
  • Aug 29, 2012 6:50am Aug 29, 2012 6:50am
Quoting vamtop
RJ,

I placed a short trade at the signal, shown in the picture, and I closed after many candles, and now I'm arguing with a friend of mine regarding the managing of the position. I think we must catch the momentum of the signal and exit when it refuses to run or, like in this case, it doesn't go anywhere, and him think the contrary, hold on the position till the stop loss or to a next clear reverse signal.

thank's in advance
Thats strange, on my chart I do have a long signal on the genesis, 10 minutes before you got out. And also on stochastic it turned long, but I see that your setting are different than mine, aren't they suppose to be stoc @ 11 3 3 and mtf stoc @ 11 3 3 ?
  • #3,255
  • Aug 29, 2012 6:55am Aug 29, 2012 6:55am
I see why now, you are using stochastic over stochastic instead of MTF stochastic over stochastic. And to make it for 15 minutes, you multiply the settings by 3. It seems to work good. But I still don't know why I have a genesis long signal, maybe because different broker.
  • #3,256
  • Aug 29, 2012 7:06am Aug 29, 2012 7:06am
Can anyone confirm if the EURUSD 5 min chart is yellow dotts as in my chart?
It has a strange position!
Yellow dotts supposed to be over coral that makes sense !
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  • #3,257
  • Aug 29, 2012 7:06am Aug 29, 2012 7:06am
Quoting ttaro27
I see why now, you are using stochastic over stochastic instead of MTF stochastic over stochastic. And to make it for 15 minutes, you multiply the settings by 3. It seems to work good. But I still don't know why I have a genesis long signal, maybe because different broker.
You are correct, I have multiplied the values and I used it to filter the entries, especially when there is no direction. The long arrow appeared several times during the lateral move but disappeared everytime. I suppose it depend by the brokers, and /or by the spread.
  • #3,258
  • Aug 29, 2012 7:07am Aug 29, 2012 7:07am
Quoting gtudor
Can anyone confirm if the EURUSD 5 min chart is yellow dotts as in my chart?
It has a strange position!
I have the same dots.
  • #3,259
  • Aug 29, 2012 7:14am Aug 29, 2012 7:14am
Quoting ttaro27
Thats strange, on my chart I do have a long signal on the genesis, 10 minutes before you got out. And also on stochastic it turned long, but I see that your setting are different than mine, aren't they suppose to be stoc @ 11 3 3 and mtf stoc @ 11 3 3 ?
I have a long signal too. My broker is Alpari UK
  • #3,260
  • Aug 29, 2012 7:20am Aug 29, 2012 7:20am
Quoting scarlet pipe
Hi Jack

I remember once reading a great post of yours on another thread some time ago regarding trading ethos. In the post you mentioned the benefits of plotting a LWMA60 and how it seems to act as S/R on a 5m chart. I would like to ask if you still find it relevant and do you continue to incorporate this in your trading strategy today.
yes I still use it, since those days! and it works great, I think yelena and minako are using it as a filter as well.

I'm using sma60 now but it's almost the same as lwma60
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