Genesis Matrix Trading | Page 303 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #6,041
  • Oct 22, 2012 8:20am Oct 22, 2012 8:20am
Quoting idempotent
For the terminally lazy amongst us, you can use MTF Moving Averages, attached. It can put the H1 MA onto the M5 chart.

I don't use it at this point, but have in the past.
For the terminally lazy.....this is from Post #1:

No other outside indicators are to be used.If you introduce an outside indicator, you will be told to remove it ONCE only. If you do not, you will be removed from the thread.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,042
  • Oct 22, 2012 8:21am Oct 22, 2012 8:21am
Quoting Thoughts
Ps. For a while dont overlay your 5 minute stox on 15; keep them in two seperate windows so you can 'see' the past behaviour of both better.
So true especially for newer traders: I would definitely recomend that until the 'dance' of the different TF Stoxs is well understood.
Well, even RJ still uses the M5 & M15 Stox that way: does that not tell you anything?
http://www.forexfactory.com/showthre...49#post6115849
  • #6,043
  • Oct 22, 2012 8:25am Oct 22, 2012 8:25am
Quoting realjumper
What you're essentially saying, if I'm reading this correctly is that if the H1 matrix is (say) indicating long, then take all long signals on the M5? Is that right?
No, only talking about the M5 matrix not the H1 matrix but using the 5MA slope in the H1 TF (or the 5EMA from core-Genesis so as not to have another line on the chart) to simply determine the current trend.
That's is exactly the same as a 60 MA (12 x 5 = 60) as used extensively by Yelena as a filter in the past (and just mentioned by ScarletPipe). I wasn't recomending to only trade Long/Short Above/Below it (although one can), but just as a quick way for newer traders to finally get a grip on "what is the prevailling trend?" question.
  • #6,044
  • Oct 22, 2012 8:28am Oct 22, 2012 8:28am
Quoting olivierforex
No, only talking about the M5 matrix not the H1 matrix but using the 5MA slope in the H1 TF (or the 5EMA from core-Genesis so as not to have another line on the chart) to simply determine the current trend.
That's is exactly the same as a 60 MA (12 x 5 = 60) as used extensively by Yelena as a filter in the past (and just mentioned by ScarletPipe). I wasn't recomending to only trade Long/Short Above/Below it (although one can), but just as a quick way for newer traders to finally get a grip on "what is the prevailling trend?" question.
Ahh ok.....thanks for clearing that up. All the same....the difference between the M5 and the H1 is simply too great. Better to use the M15 or at a stretch, the M30.

Edit. If you look back on Yelenas charts where she slipped the 60 ma in, she was getting into trades late and when trading M5, that can be costly.......even more so on PA like todays where it has reversed several times.....the 60 MA is just far too slow in anything but a decent long term trend
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,045
  • Oct 22, 2012 8:29am Oct 22, 2012 8:29am
Quoting olivierforex
No, only talking about the M5 matrix not the H1 matrix but using the 5MA slope in the H1 TF (or the 5EMA from core-Genesis so as not to have another line on the chart) to simply determine the current trend.
That's is exactly the same as a 60 MA (12 x 5 = 60) as used extensively by Yelena as a filter in the past (and just mentioned by ScarletPipe). I wasn't recomending to only trade Long/Short Above/Below it (although one can), but just as a quick way for newer traders to finally get a grip on "what is the prevailling trend?" question.
This, together with the H1 stoch, helped my Genesis trading tremendously. But what helped me the most is realjumper's explanation about aiming for the next resistance/sr/pivot whatever and not bailing the trade in no-mans land.
  • #6,046
  • Oct 22, 2012 8:33am Oct 22, 2012 8:33am
Quoting olivierforex
That's is exactly the same as a 60 MA (12 x 5 = 60)
I'm sorry, but it's not exactly the same. Any higher TF MA only takes into account price at close (normally), or in this case, the high, low and close prices. The lower timeframe uses all the intervening bars, which under extreme cases could spike to the moon and back. Your M5 MA(60) would look very different to your H1 MA(5) in that case.

Again, I'm being pedantic. For this case, it would most likely yield the same interpretation of H1 PA.
  • #6,047
  • Edited 8:49am Oct 22, 2012 8:37am | Edited 8:49am
So I had four trades based on NY open:

 

  1. AUDUSD short
  2. EURUSD short
  3. USDCHF long
  4. USDJPY short

Two wins and a loss (AUDUSD) so far. USDJPY meandering slowly in my direction.


Lesson to be learned: I should, perhaps, have taken profit, rather than trail with a stop, only to get stopped out. Still, I did better than if I had only targetted the S/R lines.

  • #6,048
  • Oct 22, 2012 8:41am Oct 22, 2012 8:41am
Quoting realjumper
Ahh ok.....thanks for clearing that up.
Edit. If you look back on Yelenas charts where she slipped the 60 ma in, she was getting into trades late and when trading M5, that can be costly.......even more so on PA like todays where it has reversed several times.....the 60 MA is just far too slow in anything but a decent long term trend
That's why I was careful to amend my reply to only use the 'slope' of the MA in the higher TF to determine the current trend (rather than waiting until the price was above/below to enter) for the same reason that you've just given - late entries.
And to paraphrase you ... "all the same" and I probably need to balance things a bit more between trying to help newer traders and not constantly introducing little stuff that is not part of core-Genesis for the reasons that we know.
  • #6,049
  • Oct 22, 2012 8:41am Oct 22, 2012 8:41am
Quoting idempotent
So I had four trades based on NY open:

 

  1. AUDUSD short
  2. EURUSD long
  3. USDCHF long
  4. USDJPY short

Two wins and a loss (AUDUSD) so far. USDJPY meandering slowly in my direction.


Lesson to be learned: I should, perhaps, have taken profit, rather than trail with a stop, only to get stopped out. Still, I did better than if I had only targetted the S/R lines.

You went long on EU and UC???......even though they are an almost perfect inverse of each other?

And UJ has been in an uptrend for the past 7 days?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,050
  • Oct 22, 2012 8:43am Oct 22, 2012 8:43am
Quoting idempotent
So I had four trades based on NY open:

 

  1. AUDUSD short
  2. EURUSD long
  3. USDCHF long
  4. USDJPY short

Two wins and a loss (AUDUSD) so far. USDJPY meandering slowly in my direction.


Lesson to be learned: I should, perhaps, have taken profit, rather than trail with a stop, only to get stopped out. Still, I did better than if I had only targetted the S/R lines.

eur/usd long? I am short and have been since right before NY open signal! I know it was a high risk trade but I only risked 10 pips and am way up on the day so I took it.
  • #6,051
  • Oct 22, 2012 8:45am Oct 22, 2012 8:45am
Quoting idempotent
So I had four trades based on NY open:

 

  1. AUDUSD short
  2. EURUSD long
  3. USDCHF long
  4. USDJPY short

Two wins and a loss (AUDUSD) so far. USDJPY meandering slowly in my direction.


Lesson to be learned: I should, perhaps, have taken profit, rather than trail with a stop, only to get stopped out. Still, I did better than if I had only targetted the S/R lines.

How on earth did you short EURUSD? And USDJPY?

And USDCHF is the exact counterpart of EURUSD so how to go long on one and long on the other?

  • #6,052
  • Oct 22, 2012 8:50am Oct 22, 2012 8:50am
the intend of my original post was to reduce "M5 over trading" by taking trades only in the direction of HFT PA or the slope of HFT ma's for newer traders.. the odds are better when one learn to trade with the prevailing trend while "good" counter trend trades/turns are only evident in hindsight..

Quoting realjumper
I'm going to disagree with you both on this point.

What you're essentially saying, if I'm reading this correctly is that if the H1 matrix is (say) indicating long, then take all long signals on the M5? Is that right?

...
  • #6,053
  • Oct 22, 2012 8:51am Oct 22, 2012 8:51am
Quoting realjumper
You went long on EU and UC???......even though they are an almost perfect inverse of each other?
Ooops, typo, editted. Went short on EURUSD.

Quoting realjumper
And UJ has been in an uptrend for the past 7 days?
Yeah, not the smartest. Perhaps another lesson: don't try and trade so much.
  • #6,054
  • Oct 22, 2012 8:53am Oct 22, 2012 8:53am
Short on USDCAD.

Good PA and stoch + genesis dash. I know it is a counter trend trade so I am monitoring my SL closely.
Attached Image
  • #6,055
  • Oct 22, 2012 8:53am Oct 22, 2012 8:53am
Quoting idempotent
Ooops, typo, editted. Went short on EURUSD.



Yeah, not the smartest. Perhaps another lesson: don't try and trade so much.
FWIW......I only ever enter 2 trades that are not in profit at any one time. When one of the 2 trades is protected with SL at BE, I am free to open one more trade......but never more than 2 unprotected trades at any one time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,056
  • Oct 22, 2012 9:03am Oct 22, 2012 9:03am
Quoting realjumper
The long trade was about as text-book as you can get.....once the candle opened above the pivot, the entry was valid.
Sorry if it starts to get boring to analyze this same trade all over again but the M15 genesis was all red, didn't that supposed to be a NO to any long trades?
  • #6,057
  • Oct 22, 2012 9:06am Oct 22, 2012 9:06am
Quoting profitpips
Sorry if it starts to get boring to analyze this same trade all over again but the M15 genesis was all red, didn't that supposed to be a NO to any long trades?
Where did I ever mention M15 genesis?......and the M15 Genesis was not all red......it was white...as was the M5 which is the TF we are trading
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,058
  • Oct 22, 2012 9:06am Oct 22, 2012 9:06am
Quoting profitpips
Sorry if it starts to get boring to analyze this same trade all over again but the M15 genesis was all red, didn't that supposed to be a NO to any long trades?
No because its not CORE Genesis. No one ever said the M15 Genesis Tape/Dash/Matrix etc. is telling you that!
  • #6,059
  • Oct 22, 2012 9:09am Oct 22, 2012 9:09am
Quoting idempotent
Your M5 MA(60) would look very different to your H1 MA(5) in that case. Again, I'm being pedantic. For this case, it would most likely yield the same interpretation of H1 PA.
I will need to re-check when I have some time but I can't see why the 'slope' off a 60MA on a M5 chart would be different than a 'slope' off a 5MA on an H1 chart!?
  • #6,060
  • Oct 22, 2012 9:26am Oct 22, 2012 9:26am
Quoting SebastiaanV
Short on USDCAD.

Good PA and stoch + genesis dash. I know it is a counter trend trade so I am monitoring my SL closely.
Full Genesis dash came up on M15, waiting for M15 arrow to confirm.

How would you guys treat the SL on this one? Mine is currently on BE + 1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-10-22 at 4.23.43 PM.png Size: 53 KB
6 traders viewing now