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Genesis Matrix Trading

  • #4,721
  • Sep 27, 2012 2:21am Sep 27, 2012 2:21am
Quoting realjumper
Yes......that on it's own might not have prevented me from entering, but when I look at the PA rising all day so far, and that we are above the daily pivot....it puts too much doubt in my mind. I would rather wait and see what happens if it gets to the Daily pivot. Of course if it gets there, you will have a nice little profit, and I won't!!!
Thank you RJ you guys are great in helping out others with your analysis, it really helps in learning :nerd:
  • #4,722
  • Sep 27, 2012 2:24am Sep 27, 2012 2:24am
Quoting ohammond
I hope it was because I took the same trade
Eh i put my sl in +1 pip but price little down ant i give my 7 pips
  • #4,723
  • Sep 27, 2012 2:30am Sep 27, 2012 2:30am
Quoting ohammond
Yes its the right site, mine is slightly different on the weekly because the broker I'm using closes earlier than most and opens later so different prices sometimes. It doesn't bother me though because it is only a matter of a few pips.
Got it, thanks!
  • #4,724
  • Sep 27, 2012 2:57am Sep 27, 2012 2:57am
long eu
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  • #4,725
  • Sep 27, 2012 3:05am Sep 27, 2012 3:05am
Good morning to all! Some thoughs about trade:

Stochastics not very good, but trade opened in trend direction and with stoch M5 div, also with retest of S1.

Team, is it a good enter?
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  • #4,726
  • Sep 27, 2012 3:20am Sep 27, 2012 3:20am
Quoting hullas
Thanks RJ,

Is it because the M5 stoch was close to OS?
Congratulations......your trade worked well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,727
  • Sep 27, 2012 3:27am Sep 27, 2012 3:27am
Quoting realjumper
Congratulations......your trade worked well
Yeah but I closed it a BE+1 when it started going up!

Better luck next time
  • #4,728
  • Sep 27, 2012 3:28am Sep 27, 2012 3:28am
Quoting werther
long eu
If you had the M15 stoch on there like we recommend, I don't think you would have taken that trade.
  • #4,729
  • Sep 27, 2012 3:29am Sep 27, 2012 3:29am
Quoting realjumper
Congratulations......your trade worked well
Hullas: And you get to hide your stop a few pips above DP & WS1 ...
  • #4,730
  • Sep 27, 2012 3:29am Sep 27, 2012 3:29am
Sell order +16 closed 70% of trade TS
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Look at something long enough, you will eventually get it.
  • #4,731
  • Sep 27, 2012 3:30am Sep 27, 2012 3:30am
Quoting werther
long eu
Also took that trade. Went horribly wrong. Was nice divergence, bounce of pivot, ect. Did anyone else take the trade? Although Im sure in hindsight there will be a million reasons why it was a bad trade.
  • #4,732
  • Sep 27, 2012 3:31am Sep 27, 2012 3:31am
Quoting christiaandu
Also took that trade. Went horribly wrong. Was nice divergence, bounce of pivot, ect. Did anyone else take the trade? Although Im sure in hindsight there will be a million reasons why it was a bad trade.
http://www.forexfactory.com/showthre...11#post6046911 not even hindsight
  • #4,733
  • Sep 27, 2012 3:33am Sep 27, 2012 3:33am
Quoting Martyfish
On M5 charts the %K & %D dont usually widen that much, but when you overlay Xaphod's stoch-mtf, you get this !!Now that's strong
The main reason you get such a sharp/faster move from one of the Stox is that not only is the 'price field' set to 'Close/close'(0) but you have also set the 'MAmethod' to LinearWeightedMA (3) which is even faster than ExponentialMA (it should be set to Simple SMA - 0)
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  • #4,734
  • Sep 27, 2012 3:38am Sep 27, 2012 3:38am
Quoting hullas
Yeah but I closed it a BE+1 when it started going up!

Better luck next time
Yeah...it's difficult sometimes. I never get upset about missing those trades because the entry conditions weren't high probability. On this occasion it would have worked, but many others it could have failed.

It's a matter of giving yourself the best chance of entering a good trade. When we have all the indicators in agreement, then the trade has a high probability of working.When 3 or 4 of our indicators don't agree, then the trade is all the more risky.

I'd rather wait for all the indicators to agree
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,735
  • Sep 27, 2012 3:40am Sep 27, 2012 3:40am
Something I didn't notice earlier, nice EU 1hr Divergence, going to slap myself about a bit, will be back later
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  • #4,736
  • Sep 27, 2012 3:42am Sep 27, 2012 3:42am
Quoting christiaandu
Also took that trade. Went horribly wrong. Was nice divergence, bounce of pivot, ect. Did anyone else take the trade? Although Im sure in hindsight there will be a million reasons why it was a bad trade.
Listen to the lady (Olivia), stick that M15 Stox on your chart and start to get a feel how M5 & M15 Stox 'dance' with each other (my own view)...
http://www.forexfactory.com/showthre...50#post6039850
  • #4,737
  • Sep 27, 2012 3:44am Sep 27, 2012 3:44am
Quoting realjumper
Yeah...it's difficult sometimes. I never get upset about missing those trades because the entry conditions weren't high probability. On this occasion it would have worked, but many others it could have failed.

It's a matter of giving yourself the best chance of entering a good trade. When we have all the indicators in agreement, then the trade has a high probability of working.When 3 or 4 of our indicators don't agree, then the trade is all the more risky.

I'd rather wait for all the indicators to agree
Yes you are right RJ.

Since I have just started using genesis so I still have to practice it.

Hopefully will get much better. I will post some of my charts so that I can improve on it with feedback from the thread.
  • #4,738
  • Sep 27, 2012 3:45am Sep 27, 2012 3:45am
Quoting olivierforex
The main reason you get such a sharp/faster move from one of the Stox is that not only is the 'price field' set to 'Close/close'(0) but you have also set the 'MAmethod' to LinearWeightedMA (3) which is even faster than ExponentialMA (it should be set to Simple SMA - 0)

Are these settings correct ?
Attached Image
Look at something long enough, you will eventually get it.
  • #4,739
  • Sep 27, 2012 3:46am Sep 27, 2012 3:46am
Quoting ohammond
Something I didn't notice earlier, nice EU 1hr Divergence, going to slap myself about a bit, will be back later
Bugger......i didn't see it either!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,740
  • Sep 27, 2012 3:47am Sep 27, 2012 3:47am
Quoting traco1
Are these settings correct ?
Thats the same as I have.
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