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Genesis Matrix Trading

  • #4,301
  • Sep 19, 2012 8:02am Sep 19, 2012 8:02am
I see a double bottom on EU,matrix signal is ready,stoch is looking good and now we are breaking daily S1. Any idea?
  • #4,302
  • Sep 19, 2012 8:09am Sep 19, 2012 8:09am
Good signal for long, but I take 10 and quit/
  • #4,303
  • Sep 19, 2012 8:13am Sep 19, 2012 8:13am
Great trade A1

I was watching EJ

Damn it, we now have 5M arrows

Looks like a reversal

Great stoch divergence - thats is truely beautiful !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,304
  • Sep 19, 2012 8:27am Sep 19, 2012 8:27am
Quoting Martyfish
Great trade A1

I was watching EJ

Damn it, we now have 5M arrows

Looks like a reversal

Great stoch divergence - thats is truely beautiful !!
Y, looks like a reversal, I use stoch M5 11 and 25 and stoch 25 go very fast, very strange
  • #4,305
  • Sep 19, 2012 8:36am Sep 19, 2012 8:36am
9 pip loss on failed EJ break-out - I was pushing that a bit
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,306
  • Sep 19, 2012 8:39am Sep 19, 2012 8:39am
even worse, I got faked out
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,307
  • Edited 8:56am Sep 19, 2012 8:42am | Edited 8:56am
Yesterday's low is a pretty strong R here,and there are many Doji HA candles. 5M and 15M stoch is >80 and (might) pointing down. Let see what will happen.

Edit: News in 5mins and the market is indecisive now so better watch out.
  • #4,308
  • Sep 19, 2012 9:32am Sep 19, 2012 9:32am
GU 5M arrows; 5M & 15M tape

+14 pips

Much better trade

Follow system, stop trying to be too "creative"
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,309
  • Sep 19, 2012 9:56am Sep 19, 2012 9:56am
I have a question guys,I want to know about your opinion:

I remember ohammond post 1245,he/she used 5M and 15M stoch to filter trade but I want to know if anyone use higher timeframe like 30M or H1 to filter trade? IMO,if the 5M,15M and H1 stoch are point the same way we will have a high probability trade but if we wait for H1 stoch to agree with 5M and 15M stoch we will miss many great trade because I have seen many trade with the H1 stoch flat in the >80 or <20 for a long period of time but we still have many trade if we only look at 5M and 15M stoch.Am I wrong or I need to learn more about stoch reading? I really appreciate if anyone have any idea or opinion about this. Thanks.
  • #4,310
  • Sep 19, 2012 10:07am Sep 19, 2012 10:07am
Quoting Martyfish
9 pip loss on failed EJ break-out - I was pushing that a bit
EJ is a bit sentiment -driven. although BOJ wants YEN weaken (hence, their QE), Japan is "in silent financial war" with China. Japan offered to pay China to relieve it's rights over the disputed islands and China did not accept.

when BOJ announced the easing (after Fed announced QE3) which will likely be followed by the rest of the central banks, there's rumor that China is/was selling Japanese bonds causing Yen to go stronger. it is said that China has trillions of USD worth of Japanese bonds which it can use to sell and make Yen stronger. perhaps, when UJ reaches 65.00 then China will "sell-off" the island.

perhaps, any attempt to make Yen weaker will be nullified and reversed with twice the strength by the selling of Japanese bonds.

im still hanging on to my UJ and took 100 pips of of EJ. i want to take 100 off of UJ too! feeling a bit greedy on the right side of the sentiment. nevertheless locked with 50 pip profit.
Challenger
  • #4,311
  • Sep 19, 2012 10:31am Sep 19, 2012 10:31am
Minako,

Thx, I agree with all you say.

I am too impatient to wait that long

I was trying to be too clever, and got my knuckles wrapped.

It was a trade I use to try, and wasnt a Genesis trade - enough said !!

At the moment, I have only been trading GU & EJ. Just added EU yesterday.

Will try adding UJ next week - dont want to change/stretch myself too much.

I had a great day +86 pips; 6 trades; 1 loser; 5 winners; 83% W/L ratio is absolutely awesome !! And there was a lot more out there.

EJ has just had a great Stoch div on the 15M
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,312
  • Sep 19, 2012 10:37am Sep 19, 2012 10:37am
Quoting frenetic
I have a question guys,I want to know about your opinion:

I remember ohammond post 1245,he/she used 5M and 15M stoch to filter trade but I want to know if anyone use higher timeframe like 30M or H1 to filter trade? IMO,if the 5M,15M and H1 stoch are point the same way we will have a high probability trade but if we wait for H1 stoch to agree with 5M and 15M stoch we will miss many great trade because I have seen many trade with the H1 stoch flat in the >80...
Frenetic, I wouldn't trade purely on 5M stoch - ever.

5M & 15M must agree, I also have 1H stoch up all the time, and if it was reasonably neutral, trade on 5 & 15 (with all genesis signals), if 1H stoch was really strong, I would trade against it.

But it is also about exits, if 5&15 are against 1H, you are probably taking a counter trend trade (if 1H GHL & T3 are opposite to trade), so you are not looking at a massive breakout, watch the trade, and exit when 5M stoch turns, or you hit resistance

Hope thats not too confusing ?
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,313
  • Sep 19, 2012 10:50am Sep 19, 2012 10:50am
Quoting frenetic
I have a question guys,I want to know about your opinion:

I remember ohammond post 1245,he/she used 5M and 15M stoch to filter trade but I want to know if anyone use higher timeframe like 30M or H1 to filter trade? IMO,if the 5M,15M and H1 stoch are point the same way we will have a high probability trade but if we wait for H1 stoch to agree with 5M and 15M stoch we will miss many great trade because I have seen many trade with the H1 stoch flat in the >80...
I have been using the 5 and 15 to both line up then wait for the opposite signal on the 1 min and enter, working out pretty well! Lets you time the trade and get in at a great price, My sl is usually 5 to 8 pips and I go break even pretty fast as the trade usually takes off in my favor!
  • #4,314
  • Sep 19, 2012 11:04am Sep 19, 2012 11:04am
Quoting Jandre
I have been using the 5 and 15 to both line up then wait for the opposite signal on the 1 min and enter, working out pretty well! Lets you time the trade and get in at a great price, My sl is usually 5 to 8 pips and I go break even pretty fast as the trade usually takes off in my favor!
"wait for opposite signal" ? What do yu mean, you are waiting for a pullback, is that it ? Can you post charts to show axample ?
  • #4,315
  • Sep 19, 2012 11:47am Sep 19, 2012 11:47am
Quoting ttaro27
"wait for opposite signal" ? What do yu mean, you are waiting for a pullback, is that it ? Can you post charts to show axample ?
For example 5 and 15 min genesis are bullish then I wait for a bear signal on the 1min and go long!
  • #4,316
  • Sep 19, 2012 11:53am Sep 19, 2012 11:53am
Quote
if 1H stoch was really strong, I would trade against it.
Thank you for your reply,Martyfish. I understand that we should trade when the stoch on 5M and 15M go in the same direction but I don't understand your word. Why would you trade against H1 stoch if it's really strong? I don't mean any offense but maybe my english is not good or I've misunderstood something here. But again,thank you.

Quote
I have been using the 5 and 15 to both line up then wait for the opposite signal on the 1 min and enter
Thank you Jandre,so you are a counter-trend trader right? I think you POV is pretty interesting but do you think it's quite risky to take these trades?
  • #4,317
  • Sep 19, 2012 12:11pm Sep 19, 2012 12:11pm
Thank you Jandre,so you are a counter-trend trader right? I think you POV is pretty interesting but do you think it's quite risky to take these trades?[/quote]

I am not counter trend trading! I simply wait for the 1 min to signal against the trend, then I enter in the direction of the trend with a tight sl. I risk around 7 pips on average and move my stop to break even as soon as I see a decent push. I also use Channels, S/R, trend lines, and fib for entry and exit.
  • #4,318
  • Sep 19, 2012 12:16pm Sep 19, 2012 12:16pm
Quoting frenetic
I have a question guys,I want to know about your opinion: I have a question guys,I want to know about your opinion:

I remember ohammond post 1245,he/she used 5M and 15M stoch to filter trade but I want to know if anyone use higher timeframe like 30M or H1 to filter trade? IMO,if the 5M,15M and H1 stoch are point the same way we will have a high probability trade but if we wait for H1 stoch to agree with 5M and 15M stoch we will miss many great trade because...
Hi,

I use h1/h4 to see overall picture of PA over a greater period of time. Do we have a trend movement, any support / resistance levels near by, swing high / lows, trend line breaks etc. I didn't find 1h or greater stochastic levels to have THAT big impact on 5m/15m trading.

At choke points it does, divergences - os/ob status at key horizontal price levels / chart pattern setups are something worthy to look out for. Today was a great example on GBP/USD that checking higher time frames now and then can be useful.
  • #4,319
  • Sep 19, 2012 12:24pm Sep 19, 2012 12:24pm
Quoting Jandre
I have been using the 5 and 15 to both line up then wait for the opposite signal on the 1 min and enter, working out pretty well! Lets you time the trade and get in at a great price, My sl is usually 5 to 8 pips and I go break even pretty fast as the trade usually takes off in my favor!

Hi Jandre,

what do you mean by "both line up"?

Are you speaking of the matrices, stochs, or both?

thanks
  • #4,320
  • Sep 19, 2012 12:24pm Sep 19, 2012 12:24pm
Ok Jandre,I get it now. I thought you looking for a pull back and trade it on M1 but you just look for a pull back on M1 and prepare to trade with the trend on 5M and 15M right?

Quote
Hi,

I use h1/h4 to see overall picture of PA over a greater period of time. Do we have a trend movement, any support / resistance levels near by, swing high / lows, trend line breaks etc. I didn't find 1h or greater stochastic levels to have THAT big impact on 5m/15m trading.

At choke points it does, divergences - os/ob status at key horizontal price levels / chart pattern setups are something worthy to look out for. Today was a great example on GBP/USD that checking higher time frames now and then can be useful.

Hi Ati,
Thank you for your reply,I know the importance of S&R,PA on higher timeframe and I always look at it. I just want to know everybody opinion about H1 stoch and their trading decision on 5M/15M timeframe. But yeah,thank you again .
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