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Genesis Matrix Trading

  • #5,361
  • Oct 8, 2012 3:14am Oct 8, 2012 3:14am
Quoting Alohamen
Hello !
hope someone took that nice sell on EURJPY ( stochs ALL)
Again just a quick word of advice/warning regarding Stoch-Tape that makes a signal look better/stronger in hindsight than it did in real-time.
On the M5 signal candle, the M15 Stox was quite clearly rising and in conflict with the M5 Stox (orange arrow) ... the M15 Stoch-Tape only closed red 10 minutes later (where the yellow arrow indicates).
The same is probably true with the H1 Stoch-Tape as my 'normal' H1 Stox has been rising for the last 3 hours...
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  • #5,362
  • Oct 8, 2012 3:20am Oct 8, 2012 3:20am
Quoting olivierforex
Again just a quick word of advice/warning regarding Stoch-Tape that makes a signal look better/stronger in hindsight than it did in real-time.
On the M5 signal candle, the M15 Stox was quite clearly rising and in conflict with the M5 Stox (orange arrow) ... the M15 Stoch-Tape only closed red 10 minutes later (where the yellow arrow indicates).
The same is probably true with the H1 Stoch-Tape as my 'normal' H1 Stox has been rising for the last 3 hours...
Thats why I don't take a lot of notice of the higher timeframe stoch until its either risen above 20 or dropped below 80 as all the while its "OB/OS" I class that as a strong trend.
  • #5,363
  • Edited 3:34am Oct 8, 2012 3:22am | Edited 3:34am
Quoting Alohamen
... yes You have right ...but I am visual so colours come faster to my brain than real stoch on multilpe charts ...
... I know 15M stoch dont come from OB ... but the way it SMASH pivot ! I just could not resist

cheers!
Fair enough, but on the M15 chart, there was massive hidden stoch divergence, with a LH, which confirmed continuation pattern from H1 chart.

I only have current TF Genesis tape, and only have 2 stoch indi current and next HTF.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,364
  • Oct 8, 2012 3:23am Oct 8, 2012 3:23am
Quoting albus999
olivierforex, what do you mean by most pips 'seen'.
thank you.
Al.
I'd guess that it's the maximum pips you would have gained in a trade if you had picked the absolute top|bottom
  • #5,365
  • Oct 8, 2012 3:27am Oct 8, 2012 3:27am
Well, today, I amped up my attempt to take Genesis seriously (I mean no disrespect). I fall for the common fault of trying to track many systems at once, not wanting to let the (cough) holy grail slip through my fingers. Doesn't work that way. So Genesis is the only thing on my radar.

Today also marks the start of a week where I leave work early, to be home in time for the London open. It also marks the start of me doing a trade journal. All things I've "known" about for a while, but have been rather "yeah, yeah" about.

Here's to success for us all.
  • #5,366
  • Oct 8, 2012 3:28am Oct 8, 2012 3:28am
Quoting ohammond
Thats why I don't take a lot of notice of the higher timeframe stoch until its either risen above 20 or dropped below 80 as all the while its "OB/OS" I class that as a strong trend.
That is VERY good POINT !!! thanks Olivia
"Trading require mental flexibility far beyond the scope of most people"
  • #5,367
  • Oct 8, 2012 3:33am Oct 8, 2012 3:33am
Quoting ohammond
Thats why I don't take a lot of notice of the higher timeframe stoch until its either risen above 20 or dropped below 80 as all the while its "OB/OS" I class that as a strong trend.
Absolutely !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,368
  • Oct 8, 2012 3:33am Oct 8, 2012 3:33am
I thought today is US bank holiday, so the London market should range as hell........ however, the price drop like free falling, and I didn't get take any pips
  • #5,369
  • Oct 8, 2012 3:35am Oct 8, 2012 3:35am
Quoting albus999
olivierforex, what do you mean by most pips 'seen'.
thank you.
Al.
Hi Al,
It means 'what was the most pips that I could have got from that trade from the entry/signal point to the end of that move' (if I had a 'perfect exit'). This is work that is only done once a move has finished.
Obviously we never/rarely get a 'perfect exit' but for the instruments that I trade I keep a note in my journal of the pip-size of all the moves.
So I have an idea what the average/maximum/mininum move might be: it's just simple math/statistic, again to try to squeeze a bit more out of each trade if I can.
For example if the 'average/median' for an instrument is say 35 pips and I see that the next pivot is at 40 pips, then I'll be a bit more conservative and won't be afraid to close before the pivot if I see 'hesitation'.
  • #5,370
  • Oct 8, 2012 3:36am Oct 8, 2012 3:36am
Quoting frontline141
I thought today is US bank holiday, so the London market should range as hell........ however, the price drop like free falling, and I didn't get take any pips
London is open though, nowhere near time for US session yet
  • #5,371
  • Oct 8, 2012 3:37am Oct 8, 2012 3:37am
Long AU.
Stochs up.
HH
HL
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  • #5,372
  • Oct 8, 2012 3:43am Oct 8, 2012 3:43am
Quoting werther
Long AU.
Stochs up.
HH
HL
So if you have recognised that both stochastics are 'up there'.....why would you be keen to buy?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,373
  • Oct 8, 2012 3:47am Oct 8, 2012 3:47am
Quoting frontline141
I thought today is US bank holiday, so the London market should range as hell........ however, the price drop like free falling, and I didn't get take any pips
I was expecting a quiet morning as well

But as was well pointed out on Friday, trade your signals
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,374
  • Oct 8, 2012 3:48am Oct 8, 2012 3:48am
Quoting werther
Long AU.
Stochs up.
HH
HL
The M5 stoch was perfectly placed, also the H1 but the M15 stoch was down when you took the trade. Thats if you took it at the vertical line you have on the chart.
  • #5,375
  • Oct 8, 2012 3:48am Oct 8, 2012 3:48am
Oliver, would you be so kind and list what else do you put in your trading journal and how does it look like? Could you perhaps post an example of a random trade and what notes you take from it. I would be really interested in hearing more... Do you note your trades in excel document or do you use some other tool/program?

Thank you very much.
  • #5,376
  • Oct 8, 2012 4:07am Oct 8, 2012 4:07am
Not ideal situation.OUT of long AU!
Quoting ohammond
The M5 stoch was perfectly placed, also the H1 but the M15 stoch was down when you took the trade. Thats if you took it at the vertical line you have on the chart.
  • #5,377
  • Oct 8, 2012 4:19am Oct 8, 2012 4:19am
Quoting werther
Not ideal situation.OUT of long AU!
I wasn't saying that you should exit, I will never tell anyone that.....I was just wondering your logic because the way you worded that was sounding like the stochs being up was part of your plan for a buy position.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,378
  • Oct 8, 2012 4:21am Oct 8, 2012 4:21am
Stoch Ok
Div
S2

Comments are welcome!
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  • #5,379
  • Oct 8, 2012 4:27am Oct 8, 2012 4:27am
Quoting hullas
Olivia/RJ,

Do you guys look at M5 for this or on HTF ?
Can you guys please tell me about this question ?
  • #5,380
  • Oct 8, 2012 4:28am Oct 8, 2012 4:28am
Quoting hullas
Can you guys please tell me about this question ?
Sorry missed this question, I look for it on the timeframe I'm trading on.
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