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Genesis Matrix Trading

  • #3,521
  • Aug 31, 2012 9:24pm Aug 31, 2012 9:24pm
Quoting hubby7
Hi RJ attached is what I meant yesterday.I ever reach step 5 only but that was two years ago.Can be done with M1 chart with tight stop.Can be done using Genesis.I think you are also one of those who apply this kind of scaling method.
Yes, that's more or less what I do when the PA obliges. When the PA gets to a S/R line (could be a pivot, round number or whatever), I manually bring my SL up to a decent profit area, hopefully allowing enough room for a small pullback to re-align Matrix etc. If a new signal (or a re-entry signal as I like to describe it) spawns, then I will scale in a new trade. As that new trade moves into a respectable profit, I will bring it's SL up to +1, and I will also bring the first SL up to the same level.

It doesn't always work out as planned, but it often does and then it pays handsomely!!

Of course, a decent trend helps!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,522
  • Sep 1, 2012 7:58pm Sep 1, 2012 7:58pm
Xaphod has very kindly created a separate thread where the Genesis System Tools can be found. Xaphod is doing a great job with these tools and they get better and better. We all owe a great deal of thanks to him for his continued support. The new thread is located here, and is also available via Post #1

The template and indicators that are in the zip file on Post #1 are still there and as always, will be updated when anything new and thoroughly tested comes along to enhance Genesis.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,523
  • Sep 2, 2012 3:23am Sep 2, 2012 3:23am
Quoting realjumper
Xaphod has very kindly created a separate thread where the Genesis System Tools can be found. Xaphod is doing a great job with these tools and they get better and better. We all owe a great deal of thanks to him for his continued support. The new thread is located here, and is also available via Post #1

The template and indicators that are in the zip file on Post #1 are still there and as always, will be updated when anything new and thoroughly tested comes along to enhance Genesis....
Thanks RJ, he developed some cool tools to further improve our trading. Very useful link!
  • #3,524
  • Sep 2, 2012 8:35pm Sep 2, 2012 8:35pm
GREAT thread!! I will follow along and try to get charts up and running. Thanks to everyone for your willingness to share and especially to all the coders for all the long hours spent building Indi's...amazing...
  • #3,525
  • Sep 3, 2012 2:24am Sep 3, 2012 2:24am
Good morning everyone,

Seems to be ranging this morning, could be due to the fact that the ECB chairman Draghi is speaking later on.
Has anyone taken any trades so far.

Good luck to everyone this week.
  • #3,526
  • Sep 3, 2012 2:32am Sep 3, 2012 2:32am
Quoting mannai70
Good morning everyone,

Seems to be ranging this morning, could be due to the fact that the ECB chairman Draghi is speaking later on.
Has anyone taken any trades so far.

Good luck to everyone this week.
Good morning/afternoon/evening!!

Yeah....Draghi will be yapping later on, and Canada and USA both have a day off, so London/Europe have the market to themselves. We'll have to see how that works out.

I have a long position on EA at the moment, but that's all.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,527
  • Sep 3, 2012 2:35am Sep 3, 2012 2:35am
Quoting realjumper
Good morning/afternoon/evening!!

Yeah....Draghi will be yapping later on, and Canada and USA both have a day off, so London/Europe have the market to themselves. We'll have to see how that works out.

I have a long position on EA at the moment, but that's all.
Hello to all.
But I have already opened and closed with long EU -10.
Stoch was good that both 5M 15M, but to no avail.
Appearance next setup.
  • #3,528
  • Sep 3, 2012 2:37am Sep 3, 2012 2:37am
Quoting Matrix8756
Hello to all.
But I have already opened and closed with long EU -10.
Stoch was good that both 5M 15M, but to no avail.
Appearance next setup.
What was your entry?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,529
  • Sep 3, 2012 2:39am Sep 3, 2012 2:39am
Same with me let my 18pip profit turn to BE+1 on EJ saw the divergence on M5
but just try my luck.
  • #3,530
  • Sep 3, 2012 2:44am Sep 3, 2012 2:44am
Quoting realjumper
What was your entry?
See the red line.
Perhaps the SL was too tight ............
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 152 KB
  • #3,531
  • Sep 3, 2012 2:46am Sep 3, 2012 2:46am
Quoting Matrix8756
See the red line.
Perhaps the SL was too tight ............
Yeah....that's exactly the reason I asked.....your SL should have been below the recent swing low. It's false economy to have tight SL's because they will frequently be hit....especially in this type of market.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,532
  • Sep 3, 2012 2:46am Sep 3, 2012 2:46am
Quoting realjumper
Good morning/afternoon/evening!!

Yeah....Draghi will be yapping later on, and Canada and USA both have a day off, so London/Europe have the market to themselves. We'll have to see how that works out.

I have a long position on EA at the moment, but that's all.
RJ,

What was your entry on the EA if you don't mind me asking?
Thanks
  • #3,533
  • Sep 3, 2012 2:47am Sep 3, 2012 2:47am
Quoting realjumper
Yeah....that's exactly the reason I asked.....your SL should have been below the recent swing low. It's false economy to have tight SL's because they will frequently be hit....especially in this type of market.
Yep.
Patiently wait for the next round .......
  • #3,534
  • Sep 3, 2012 2:48am Sep 3, 2012 2:48am
Quoting mannai70
RJ,

What was your entry on the EA if you don't mind me asking?
Thanks
2249 was the entry.....it may not fly.....we will see soon enough I guess!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,535
  • Sep 3, 2012 2:54am Sep 3, 2012 2:54am
Quoting mannai70
Seems to be ranging this morning, could be due to the fact that the ECB chairman Draghi is speaking later on.
hi. did you mean draghi speaking later today? may i ask where you got the info? thursday is his sched, yes? thanks in advance!
Challenger
  • #3,536
  • Sep 3, 2012 2:58am Sep 3, 2012 2:58am
Quoting minako
hi. did you mean draghi speaking later today? may i ask where you got the info? thursday is his sched, yes? thanks in advance!
No.....it's 5 1/2 hours from now.....on the FF calendar
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,537
  • Sep 3, 2012 2:58am Sep 3, 2012 2:58am
Quoting minako
hi. did you mean draghi speaking later today? may i ask where you got the info? thursday is his sched, yes? thanks in advance!
On the FF news page this afternoon GMT.
  • #3,538
  • Sep 3, 2012 2:59am Sep 3, 2012 2:59am
Quoting minako
hi. did you mean draghi speaking later today? may i ask where you got the info? thursday is his sched, yes? thanks in advance!
it was on the calendar. But I have also heard that it may have been cancelled due to the fact this is a ECB rate decision week and no governing members are allowed to speak to the public beforehand. Just what I read somewhere else.

Also wanted to ask you Minako, do you use camarilla coupled with normal pivots?
  • #3,539
  • Sep 3, 2012 3:04am Sep 3, 2012 3:04am
At the moment the PA is sitting on a decent support area that was previously a resistance area....and, you can see the tight range we are in at the moment (yellow box).

Perhaps draghi's yapping will break us out of here, but until we get out....best to keep your powder dry
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 80 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,540
  • Sep 3, 2012 3:10am Sep 3, 2012 3:10am
thank you mannai, rj and olivia.

ahemsorry about that. i reviewed the news yesterday for the week and didn't see it. thank you for you patience and help

@ mannai. in 0.05 lots and only when using pinbar strategy cos the exits are pretty short. but for genesis, fxpivots remain the best indi esp if you look at your pip count on a weekly basis
Challenger
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