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Genesis Matrix Trading

  • #6,141
  • Oct 23, 2012 7:25am Oct 23, 2012 7:25am
I still haven't really understood the dance of the stochastics yet. More re-reading required. But I want to check:

At the vertical line, the EURUSD M5 matrix said sell, as did the MA and the M5 stoch. But the M15 stoch has long been OS. So no Genesis HPT trade, right?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 163 KB
  • #6,142
  • Oct 23, 2012 7:26am Oct 23, 2012 7:26am
Quoting Gumrai
Just looking at this as a re-entry Short EU.
Oh, snap.
  • #6,143
  • Oct 23, 2012 7:28am Oct 23, 2012 7:28am
Quoting Gumrai
Just looking at this as a re-entry Short EU.
15 pips to S2 and about the same to the last high.
Only problem is that entry is at the same level as the last low.
I suspect that this may not be the best of trades, but the overall trend is bearish.
Green horizontal lines are S/R that I put in from the hourly chart.
I like that the support was broken and then tested as resistance.
I'm only trading on demo at the moment and would appreciate anyone's reasons for or against this trade.

Thanks
Big historical support number......1.3000 and ATR level is already reached. I wouldn't short at this level, I would wait and see whether the PA can break though AND hold under 1.3000 or whether the PA bounces off this level. It could do either.....but there is no way of knowing which way, so better to wait and see than to guess!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,144
  • Oct 23, 2012 7:30am Oct 23, 2012 7:30am
out UJ at BE
  • #6,145
  • Oct 23, 2012 7:36am Oct 23, 2012 7:36am
Quoting realjumper
Big historical support number......1.3000 and ATR level is already reached. I wouldn't short at this level, I would wait and see whether the PA can break though AND hold under 1.3000 or whether the PA bounces off this level. It could do either.....but there is no way of knowing which way, so better to wait and see than to guess!
I am out of my other lot now @ R2, opened another short as we were breaking and am out of that one as well. I just had an amazing day, +94 pips!
  • #6,146
  • Oct 23, 2012 7:37am Oct 23, 2012 7:37am
There's the push through the 1.3000 barrier thanks to the CAD news. If this can hold, it might get interesting over the next few days
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,147
  • Oct 23, 2012 7:38am Oct 23, 2012 7:38am
Thanks RJ, to be honest I missed the fact that we were around a BRN

Idempotent, always be aware that once the stoch moves into O/B or O/S it really has nowhere to go but flattening out, criss crossing or reversing.
If the stoch moves forcefully into the O/B or O/S areas with momentum, price is more likely to carry on in the same direction than reverse
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  • #6,148
  • Oct 23, 2012 7:39am Oct 23, 2012 7:39am
Quoting Jandre
I am out of my other lot now @ R2, opened another short as we were breaking and am out of that one as well. I just had an amazing day, +94 pips!
Ahh...very well done.....you patience is paying dividends
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,149
  • Oct 23, 2012 7:42am Oct 23, 2012 7:42am
EU broken thru S2. Moved stop to B/E
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Click to Enlarge Name: eu 23 oct no2.gif Size: 21 KB
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  • #6,150
  • Oct 23, 2012 7:45am Oct 23, 2012 7:45am
Quoting Gumrai
EU broken thru S2. Moved stop to B/E
I see that, makes me wish I just did the same as you, but hindsight is always 20/20 and I am doing well today so I just took profit. Fear and Greed are a bitch!
  • #6,151
  • Oct 23, 2012 7:47am Oct 23, 2012 7:47am
Quoting Jandre
I see that, makes me wish I just did the same as you, but hindsight is always 20/20 and I am doing well today so I just took profit. Fear and Greed are a bitch!
You did the right thing man......1.3000 has been rejected so many times that it's just too risky to put your money on the line. This time it paid off.....many other times it has failed....take a look at historical data
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,152
  • Oct 23, 2012 7:52am Oct 23, 2012 7:52am
Best day so far with Genesis on +13% and thats always only half day trading as i am working during london/frankie open .
Cheers!
  • #6,153
  • Oct 23, 2012 7:54am Oct 23, 2012 7:54am
Lots of pips to be made today. Unfortunately I've been on and off the screen for over half of the session.

Currently only short on EA (and moved to BE+1) when it broke through the DP and Genisis + stochs looked awesome on all timeframes.
  • #6,154
  • Oct 23, 2012 7:56am Oct 23, 2012 7:56am
Quoting Jandre
I see that, makes me wish I just did the same as you, but hindsight is always 20/20 and I am doing well today so I just took profit. Fear and Greed are a bitch!
I've now moved SL to S2, so locking in just 13 pips.
I think that you are trading with real money. I'm just on a demo account until I feel confident with this. It's a lot easier to trade when real money is not at risk.
Mind you, the way that Genesis has been performing for me, I think that I will soon be trading it with my own cash.
I have NEVER seen a method that works so well, especial;ly on M5 where I have always had problems.
Genesis team - you rock!
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  • #6,155
  • Oct 23, 2012 8:02am Oct 23, 2012 8:02am
PA stalling so moved SL to lock in 20 pips
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Click to Enlarge Name: eu 23 oct no3.gif Size: 20 KB
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  • #6,156
  • Oct 23, 2012 8:17am Oct 23, 2012 8:17am
Price got close to S3 and reacted, tightening SL a little more to guarantee 25 pips
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  • #6,157
  • Oct 23, 2012 8:21am Oct 23, 2012 8:21am
Quoting SebastiaanV
Lots of pips to be made today. Unfortunately I've been on and off the screen for over half of the session.

Currently only short on EA (and moved to BE+1) when it broke through the DP and Genisis + stochs looked awesome on all timeframes.
Closed @ S1 for +19

Now long on EUR/CHF after retest on pivot and M5 and M15 arrow + nice stochs. Doesn't look like a great trade in hindsight. I hope mister market shows some mercy.
  • #6,158
  • Oct 23, 2012 8:21am Oct 23, 2012 8:21am
Quoting Gumrai
Price got close to S3 and reacted, tightening SL a little more to guarantee 25 pips
Good eh?
I tradet the same, but closed now with +31pips
There`s no life before COFFEE!
  • #6,159
  • Oct 23, 2012 8:29am Oct 23, 2012 8:29am
Quoting Gumrai
Price got close to S3 and reacted, tightening SL a little more to guarantee 25 pips
good..what is the version of your template?..do you use sar?
  • #6,160
  • Oct 23, 2012 8:46am Oct 23, 2012 8:46am
Quoting Afarensis
good..what is the version of your template?..do you use sar?
oops, I don't think that we should refer to other indicators here.
I find that the SAR helps me with higher highs and lower lows etc, especially in the lower timeframes. Any highs/lows that don't break the SAR, I just consider as noise. This just helps me to make a decision of how the market is trending.
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