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Genesis Matrix Trading

  • #5,741
  • Oct 17, 2012 4:52am Oct 17, 2012 4:52am
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I've been doing a bit of a backtesting, looking if I can get similar results than in the recent PDF.
Was these 3 trades decent signals, and do you take these trades that oocurs right after a loss, maybe take the second but think after it fails that the trend has changed?

Apoligies if this is a wrong place to discuss these.
  • #5,742
  • Oct 17, 2012 5:20am Oct 17, 2012 5:20am
@profitpips

Something is wrong with your matrix...
Third line always blue...
Enter Signature
  • #5,743
  • Oct 17, 2012 5:28am Oct 17, 2012 5:28am
Quoting thomasK
@profitpips

Something is wrong with your matrix...
Third line always blue...
Eagle eyes
  • #5,744
  • Oct 17, 2012 5:30am Oct 17, 2012 5:30am
Quoting thomasK
@profitpips

Something is wrong with your matrix...
Third line always blue...
When you go back to far the T3 disappears. Try using with the trade simulator on pg.1
  • #5,745
  • Oct 17, 2012 5:33am Oct 17, 2012 5:33am
Quoting Jandre
When you go back to far the T3 disappears. Try using with the trade simulator on pg.1
Thanks, I just noticed it too myself that the last red was at 10th of october
  • #5,746
  • Oct 17, 2012 5:36am Oct 17, 2012 5:36am
Quoting profitpips
Thanks, I just noticed it too myself that the last red was at 10th of october
Use the trade simulator, it helped me out a lot. Just fast forward every day till about 30 min before Euro open and start trading! Save your logs for each day and do a full week or two of trading! You will be impressed at the points you make!
  • #5,747
  • Oct 17, 2012 5:37am Oct 17, 2012 5:37am
Finally we have some action! Lets go to R2 so I can get breakfast!!! lol
  • #5,748
  • Oct 17, 2012 5:38am Oct 17, 2012 5:38am
Quoting profitpips
Attachment
I've been doing a bit of a backtesting, looking if I can get similar results than in the recent PDF.
Was these 3 trades decent signals, and do you take these trades that oocurs right after a loss, maybe take the second but think after it fails that the trend has changed?

Apoligies if this is a wrong place to discuss these.
Welcome profitpips,.

Firstly,I think you have some problems with the matrix. Your 3rd line is always blue. And I can't see FXI pivot on your chart. Just download the zip file from post 1 and try again.

IMO,that was not high probability setup at all and I will not take any of those trades. Why?

1st signals,even though 5M stoch was pointing up but 15M stoch was flat at that time,no direction was given. Even H1 stoch was still coming down from OB level. We faced the same situation when 2nd signal occurred. After that,you should realized that we have a pretty strong down trend here so as RJ said: we should only trade again the trend when we have reasons for that.

Cheers,
  • #5,749
  • Oct 17, 2012 5:43am Oct 17, 2012 5:43am
Quoting Jandre
Finally we have some action! Lets go to R2 so I can get breakfast!!! lol
I just manually closed mine for -7......lol....what a lot of drama for -7!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,750
  • Oct 17, 2012 5:47am Oct 17, 2012 5:47am
Anyone took that long trade on AU just now,we have 5M and 15M arrow,stoch was (maybe) perfect positioned. And ye,I missed it
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  • #5,751
  • Oct 17, 2012 5:48am Oct 17, 2012 5:48am
Quoting realjumper
I just manually closed mine for -7......lol....what a lot of drama for -7!!
-7 is still a good trade in my book. Why did you not take the last eur/usd buy, perfect hidden divergence and another bounce off of R1?
  • #5,752
  • Oct 17, 2012 5:49am Oct 17, 2012 5:49am
Quoting Jandre
-7 is still a good trade in my book. Why did you not take the last eur/usd buy, perfect hidden divergence and another bounce off of R1?
I don't like this choppy PA.....I'll wait and see if NY brings anthing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,753
  • Oct 17, 2012 5:58am Oct 17, 2012 5:58am
[quote=realjumper;6106620]I don't like this choppy PA.....I'll wait and see if NY brings anthing[/QUOTE

Me neither! still managing to pull some pips out! +15 on eur/usd and letting another lot ride! I got knocked out at BE about 4 times tonight! lol
  • #5,754
  • Oct 17, 2012 6:00am Oct 17, 2012 6:00am
Quoting Jandre
Me neither! still managing to pull some pips out! +15 on eur/usd and letting another lot ride! I got knocked out at BE about 4 times tonight! lol
You're on the right side of the ledger, so it's all good!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,755
  • Oct 17, 2012 6:07am Oct 17, 2012 6:07am
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Just took this trade on EJ, pretty strong resistance on R1, Genesis, M5 and M15 stoch. Any thoughts?
  • #5,756
  • Oct 17, 2012 6:14am Oct 17, 2012 6:14am
Quoting profitpips
Attachment
Just took this trade on EJ, pretty strong resistance on R1, Genesis, M5 and M15 stoch. Any thoughts?
Maybe both chart, this and one before, you can check stoch H1 its going from which side to which side. clearly against you.

with my perfect english I hope someone understands
  • #5,757
  • Oct 17, 2012 6:21am Oct 17, 2012 6:21am
Quoting ozgsnr
Maybe both chart, this and one before, you can check stoch H1 its going from which side to which side. clearly against you.

with my perfect english I hope someone understood
Yes I understood, do you take only the trades when all three M5, M15 and H1 stochs are going to same direction, without exceptions?
  • #5,758
  • Oct 17, 2012 6:24am Oct 17, 2012 6:24am
Quoting scarlet pipe
Hi Olivia

Quick question if I may.

I know you've been trading Genesis on the 15m TF for a while which is something that I've been looking at also to help cut out some of the noise. I noticed on your chart you don't have the 1H stoch showing, do you give any relevence to the position of the 1H stoch when considering a trade on 15m.
Sorry for the delay answering but I had to go out for a while. I wouldn't take a buy probably if the stoch is strongly facing the other way, but I look at the H1 chart as a whole before I take a trade rather than just one part of it and what I saw was hidden bullish divergence on H1 then regular bullish divergence on M15 so it was worth going in as the H1 stoch had started to turn around.
  • #5,759
  • Oct 17, 2012 6:29am Oct 17, 2012 6:29am
Quoting profitpips
Was these 3 trades decent signals...
Hi Profitpips but this is for everyone. I know that this will be bread'n'butter for a lot of you but enough questions still pop up to make me think that some will benefit from a 'refresher'...


This is the sort of process that should be going through your minds when you contemplate a counter-trend trade as this chart is a very good example:


0. first sign that the uptrend (purple arrow) might be over: we have a LH (Lower High); very aggressive traders might consider a short scalp trade at this point (not me). To me, at this point the 'advantage' is still with the Longs as it was the prevailing trend then.
1. second sign: we have a LL (Lower Low) as we have gone below the first support (blue line) and we have also broken below the recent trendline (green line). Many traders (me included) will now be looking at their indicators and consider a possible Short (it might not happen - and this stage we didn't know).
2. third sign: we now have a 2nd LH and I would be assessing my RRR and looking at where to place my stop (above T) but also mindful of the second possible support level (yellow line). On most occasions I would enter on a Genesis signal with good Stox positions & all the rest.
3. fourth sign: we now have a 2nd LL + the second support has been breached so it's looking good for Shorts but hang on, the price is not making much progress so should I be cautious? Yes because of that (it doesn't hurt to be cautious) but a BIG 'NO' because when checking the higher TF (M15), we can see (I checked back) that Genesis M15 also went short on the big red arrow so now we have M5 AND M15 Short.
4. fifth sign: this is the 'killer' trap for Longs: yes we had a new Long M5 signal (dotted line) but this is now against the M15 and should be avoided for all the reasons detailled above (+ no Higher Low (HL) & no Higher High (HH) to even hint at a new change in trend).
5 ---> 8 no reason to even consider a Long as we are making a succession of LLs & LHs.
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  • #5,760
  • Oct 17, 2012 6:30am Oct 17, 2012 6:30am
Quoting profitpips
Yes I understood, do you take only the trades when all three M5, M15 and H1 stochs are going to same direction, without exceptions?
Until this moment exceptions killed my account.
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