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Genesis Matrix Trading

  • #4,921
  • Sep 28, 2012 7:25am Sep 28, 2012 7:25am
Quoting idempotent
I didn't take this long signal, but what does anyone else think?

Pros
NY was just about to open
possibly bouncing off pivot
M5 and M15 pointing in the right direction

Cons
M15 and H1 tape shows down

Was it a valid (high probability) entry?
Definitely not high prob in my book. Only thing going for it was the 15m stoch. 5m stoch very much in OB territory, strong downward angle on 1H stoch. 3 red lights on 15m matrix and always the risk of DP re-test.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #4,922
  • Sep 28, 2012 8:39am Sep 28, 2012 8:39am
Quoting olivierforex
M5 was not pointing in the right direction (it was already pointing down AND already well in OB territory).
+ it looks weird where you've put your line for your entry as it's not a long signal there (1 red dot)
Sorry, my bad, meant to be one bar back. In which case, as I see it, the M5 was pointing up, though into OB (which seems to happen a lot, even on trades that turn out alright)

Thanks for the analysis
  • #4,923
  • Sep 28, 2012 8:40am Sep 28, 2012 8:40am
Quoting idempotent
I didn't take this long signal, but what does anyone else think?

Pros
NY was just about to open
possibly bouncing off pivot
M5 and M15 pointing in the right direction

Cons
M15 and H1 tape shows down

Was it a valid (high probability) entry?
The fact that NY was about to open could also be a con in my book, and in this case it appears to have changed direction right on market open.

One recurring theme in this thread is in situations like that to wait for a double bounce before going countertrend ... e.g. if you'd got that signal after a second bounce off of the daily pivot there is more chance it would carry on upwards - as long as all the other signals were in line.

Of course, it's never straightforward - there are also times where it bounces once and shoots straight up. But in this case, the PA wasn't looking strong enough to suggest that either - generally if it's going to go straight up it would look very much like a "V" (i.e. sharp slope upwards).
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #4,924
  • Sep 28, 2012 8:51am Sep 28, 2012 8:51am
Busy afternoon
Closed long EJ + 10 pips

Stoch: M15,M5, H1 diverging ??
Tape: H4,H1(mostly),M15,M5

M15 stoch diverging

Shorting GU again
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,925
  • Sep 28, 2012 9:00am Sep 28, 2012 9:00am
Thats enough, I want to watch the cricket !!

Closed GU short +31 pips

Stoch: everything
Tape: everything

Div: everything

Closing on S2


Good day 110 + pips
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,926
  • Sep 28, 2012 9:20am Sep 28, 2012 9:20am
Quoting Martyfish
Thats enough, I want to watch the cricket !!

Closed GU short +31 pips

Stoch: everything
Tape: everything

Div: everything

Closing on S2


Good day 110 + pips
Hey!!!! How you do this???
  • #4,927
  • Sep 28, 2012 9:22am Sep 28, 2012 9:22am
Quoting idempotent
I didn't take this long signal, but what does anyone else think?

Pros
NY was just about to open
possibly bouncing off pivot
M5 and M15 pointing in the right direction

Cons
M15 and H1 tape shows down

Was it a valid (high probability) entry?
At the risk of sounding like a broken record myself, do not take a buy trade if price is making lower highs and lower lows unless there is the presence of divergence or something else strong that says it will turn around, wait until price has made a higher low, you don't have to wait for a higher high, just a higher low. Going the other way, do not take a sell all the while price is making higher lows and higher highs unless divergence, wait for a lower high. This is especially important on the M5 chart. You have got to be working with the trend of the moment or you will lose.
  • #4,928
  • Sep 28, 2012 9:25am Sep 28, 2012 9:25am
+15 70% closed TS at 15
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-28_10-22.jpg Size: 212 KB
Look at something long enough, you will eventually get it.
  • #4,929
  • Sep 28, 2012 9:30am Sep 28, 2012 9:30am
Quoting traco1
+15 70% closed TS at 15
+27
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-28_10-29.jpg Size: 228 KB
Look at something long enough, you will eventually get it.
  • #4,930
  • Sep 28, 2012 9:35am Sep 28, 2012 9:35am
Quoting traco1
+27
TS hit +22 flat
Look at something long enough, you will eventually get it.
  • #4,931
  • Sep 28, 2012 9:43am Sep 28, 2012 9:43am
Quoting traco1
TS hit +22 flat
Going to the gym, have a great weekend
Look at something long enough, you will eventually get it.
  • #4,932
  • Sep 28, 2012 9:59am Sep 28, 2012 9:59am
Perhaps similar situation as yesterday when EU exploded north - There is a strong divergence on 1 hour chart. I will however wait for the spanish bank stress results in 1 hour. I hope for the retest of S1.
  • #4,933
  • Sep 28, 2012 10:09am Sep 28, 2012 10:09am
Well we went below the target so i had a TS.
Closed now with +59 pip..A good day

Have a great weekend.


Quoting kojak
Respected the R1 area, that made me wait for a bearish signal..
First trouble area is 1,2920.
Target is 1,2905.

/kojak
Attached Image
  • #4,934
  • Sep 28, 2012 10:38am Sep 28, 2012 10:38am
Great trading Traco & Kojak !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,935
  • Sep 28, 2012 10:39am Sep 28, 2012 10:39am
Quoting makron
Hey!!!! How you do this???

Simple: Follow Genesis signals !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,936
  • Sep 28, 2012 10:40am Sep 28, 2012 10:40am
Have a good weekend Genesis traders !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,937
  • Edited 11:12am Sep 28, 2012 10:48am | Edited 11:12am
Could you share your template?
  • #4,938
  • Sep 28, 2012 11:23am Sep 28, 2012 11:23am
I hope you guys entered the trade and are positive. Closed at daily pivot.
  • #4,939
  • Sep 28, 2012 2:50pm Sep 28, 2012 2:50pm
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.

PS. First chart is AUDUSD 1H, 2nd and 3rd are AUDUSD 15M charts. I removed the current TF stochastic (15M)...
In your screenshot, you have pricefield=1 for the Stoch-MTF.mq4 and pricefield=0 for the #MTF Stochastic v2.1.mq4. That is why one shows divergence and the other does not.
  • #4,940
  • Sep 28, 2012 4:29pm Sep 28, 2012 4:29pm
Quoting ohammond
Yes she is right, the peaks are in different places, even with price field set to 0. I don't use it myself but for anyone that is, it can make a lot of difference.
The Stoch-MTF draws the line to the last lower time-frame candle. It gives a more accurate real-time representation.

The #MTF Stochastic draws the line to the first lower time-frame candle. It looks better in hindsight . It also gets the crossover wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: Stoch Comparison.png Size: 76 KB
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