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Genesis Matrix Trading

  • #4,821
  • Sep 27, 2012 9:33am Sep 27, 2012 9:33am
I too am short the EU. To be fair, I should have posted this as soon as I took it.

But it's heading my way.

M5 matrix, M5 and M15 stochs (though M5 was at OS), and punching down below the daily pivot.

Seems high probability to me.
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  • #4,822
  • Sep 27, 2012 9:37am Sep 27, 2012 9:37am
Quoting ohammond
I want to know if anyone has any idea of a broker that doesn't put a line on the chart when you put in a trade. Everytime I do it seems to use it as a support/resistance line
I use to feel like that.
Look at something long enough, you will eventually get it.
  • #4,823
  • Sep 27, 2012 9:42am Sep 27, 2012 9:42am
Quoting nikz
Congrats to genesis team,

I've read the whole tread and I will try to be more active now
Sorry for future grammar/spelling mistakes, english is not my native language.

What's your opinion about this entry? Should I have whaited to be more away from DP?

Thanks
I didint take it coz price was at pivot level. But other conditions seems to be good
  • #4,824
  • Sep 27, 2012 10:01am Sep 27, 2012 10:01am
Hi o/

This is my first try with this system.

Cloe too early :/
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  • #4,825
  • Edited 11:07am Sep 27, 2012 10:28am | Edited 11:07am
Fail trade
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  • #4,826
  • Sep 27, 2012 11:37am Sep 27, 2012 11:37am
Quoting makron
Fail trade
let me try to help : )

it's a counter-trend trading


the original RJ's template doesnt have MTF matrix signal , but...... if you added it on yr chart, why don't you have alook of it ? all higher TF are most in red color ! (there are also lots of way to identify the trend anyway)


I used to trade counter trend, but I figured out I'm just not those maters traders.

So I only trade with the trend, get the limited pips
  • #4,827
  • Sep 27, 2012 3:15pm Sep 27, 2012 3:15pm
Quoting makron
Fail trade
One suggestion, look at the lower highs (and lower lows) don't put in a trade the other way while thats happening without another reason, for instance divergence which happened before the next signal.
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  • #4,828
  • Edited 3:51pm Sep 27, 2012 3:36pm | Edited 3:51pm
This trade went wrong for me. I realise now that I was buying into a resistance however do you think this is the only reason as it had already broken. By the way the purple 15m arrows hadn't appeared when the signal appeared to go long.

Thanks in advance,

Graham
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  • #4,829
  • Sep 27, 2012 3:43pm Sep 27, 2012 3:43pm
Quoting ghepburn
This trade went wrong for me. I realise know that I was buying into a resistance however do you think this is the only reason as it had already broken. By the way the purple 15m arrows hadn't appeared when the signal appeared to go long.

Thanks in advance,

Graham

look at the slope of the M15 Stoch when you took the trade....now compare that to the slope of the long signal just a few bars after yours in which the M15 Stoch Slow Line was rising....I would say that's the difference in why one failed and the other worked
  • #4,830
  • Sep 27, 2012 5:49pm Sep 27, 2012 5:49pm
Quoting ghepburn
This trade went wrong for me. I realise now that I was buying into a resistance however do you think this is the only reason as it had already broken. By the way the purple 15m arrows hadn't appeared when the signal appeared to go long.
Hi Ghepburn,
What Roulette says in the previous post is correct about the next Long signal but I (gently) disagree with him about the M15 Stox: I guess it's only because it dipped again later and it looks like the down move wasn't finished, but at the time the M15 Stox had turned up (albeit not by much) from OS levels (just) so in my books it would have been a valid trade (ignoring any pivots - I can't work out which are which on your chart). But as stated many times in recent posts, your SL should have been below the most recent lows (green lines) and it would have survived intact for +20 to R2 or +50 all the way to the Weekly Pivot (WP) at 1.0458
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  • #4,831
  • Sep 27, 2012 6:30pm Sep 27, 2012 6:30pm
Quoting olivierforex
Hi Ghepburn,
What Roulette says in the previous post is correct about the next Long signal but I (gently) disagree with him about the M15 Stox: I guess it's only because it dipped again later and it looks like the down move wasn't finished, but at the time the M15 Stox had turned up (albeit not by much) from OS levels (just) so in my books it would have been a valid trade (ignoring any pivots - I can't work out which are which on your chart). But as stated many times in recent posts, your SL should have been below the most recent lows (green lines)...

aren't we saying the same thing


It sounds like you agree with me that the 9:00 entry was the more appropriate entry because the M15 Stoch had finally "based out" and was on the up curve with the slow line inclining and the fast line clearly above the slow line.
  • #4,832
  • Sep 27, 2012 7:08pm Sep 27, 2012 7:08pm
Quoting Roulette
aren't we saying the same thing
....I would say that's the difference in why one failed and the other worked.
Sorry it's late here and i was just saying that the first one was valid as far as Stox were concerned and that it didn't fail if you had your SL as per Genesis' rules...
  • #4,833
  • Sep 27, 2012 7:26pm Sep 27, 2012 7:26pm
Daylight Saving in NZ begins this weekend......so for any Kiwi's here, you'll have to adjust your Market Open Times indicator. I think UK and USA change at the end of October.

So from next week, I'll have to stay up until 3am......and from the end of October, have to stay up until 4am.....lol.....the joys of fx trading
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,834
  • Sep 27, 2012 8:56pm Sep 27, 2012 8:56pm
Quoting ghepburn
This trade went wrong for me. I realise now that I was buying into a resistance however do you think this is the only reason as it had already broken. By the way the purple 15m arrows hadn't appeared when the signal appeared to go long.

Thanks in advance,

Graham

Have been reading this thread for some time, the strategy is very good and definitely working. thank you RJ and team

about the trade made by Ghepburn, I just want to add st that I notice might be useful to consider before taking any trades:
When there is a buy signal and the HA candle high touched the pivot or any S/R lines from below and the HA candle closed below that pivot/SR lines then I would not take trade.

just my 2 cents, hope it is helpful
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Failure leads to Success if one learns from mistakes and never give up
  • #4,835
  • Sep 27, 2012 11:51pm Sep 27, 2012 11:51pm
Hi, I would like to introduce my self as I have finished reading the whole thread and have been demo testing the Genesis system for around a month. It works great, but I still struggle to only take the higher probability trades, so I will keep reading and start posting my own entries.

Sandra
  • #4,836
  • Sep 27, 2012 11:53pm Sep 27, 2012 11:53pm
During my time of playing with Xaphod's indicators, I came to realize that is first MTF stochastic indicator posted called Stoch-MTF.mq4 doesn't working properly. It doesn't plot properly and doesn't show divergences. The last version of the MTF stochastic indicator called #MTF Stochastic v2.1.mq4 works great and plots the Higher time frame correctly. I have attached a picture under this post to show you guys what I mean.

Maybe this issue has been addressed in the past and didn't pay attention to that specific post. But, I saw a few people a still using the old indicator which isn't good. So, just a little heads up !

Sandra

PS. First chart is AUDUSD 1H, 2nd and 3rd are AUDUSD 15M charts. I removed the current TF stochastic (15M) that was supposed to be the last two charts for clarity reasons.
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  • #4,837
  • Sep 28, 2012 12:40am Sep 28, 2012 12:40am
Quoting sandrutza
During my time of playing with Xaphod's indicators, I came to realize that is first MTF stochastic indicator posted called Stoch-MTF.mq4 doesn't working properly. It doesn't plot properly and doesn't show divergences. The last version of the MTF stochastic indicator called #MTF Stochastic v2.1.mq4 works great and plots the Higher time frame correctly. I have attached a picture under this post to show you guys what I mean.

Maybe this issue has been addressed in the past and didn't pay attention to that specific post. But, I saw...
Hi Sandra, welcome the thread. The best person to talk to about the Xaphod indicators, is Xaphod! If you make a post in his thread, I'm sure he will get back you and sort things out very quickly
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,838
  • Sep 28, 2012 1:10am Sep 28, 2012 1:10am
Quoting sandrutza
During my time of playing with Xaphod's indicators, I came to realize that is first MTF stochastic indicator posted called Stoch-MTF.mq4 doesn't working properly. It doesn't plot properly and doesn't show divergences. The last version of the MTF stochastic indicator called #MTF Stochastic v2.1.mq4 works great and plots the Higher time frame correctly. I have attached a picture under this post to show you guys what I mean.

Maybe this issue has been addressed in the past and didn't pay attention to that specific post. But, I saw...
Have you checked the price field in Xaphods indicator is set to 0 as its 1 by default, I cant tell by the images.
  • #4,839
  • Sep 28, 2012 1:22am Sep 28, 2012 1:22am
Quoting sandrutza
During my time of playing with Xaphod's indicators, I came to realize that is first MTF stochastic indicator posted called Stoch-MTF.mq4 doesn't working properly. It doesn't plot properly and doesn't show divergences. The last version of the MTF stochastic indicator called #MTF Stochastic v2.1.mq4 works great and plots the Higher time frame correctly. I have attached a picture under this post to show you guys what I mean. .........

When using Xaphod's Stoch-MTF make sure the 'Stoch.PriceField' is set to 0. Its default setting is 1 which is Close/Close. We want Low/High which is 0.
  • #4,840
  • Sep 28, 2012 1:23am Sep 28, 2012 1:23am
Long Yuppy, stop below pivot level
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