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Genesis Matrix Trading

  • #6,561
  • Edited 7:27am Oct 31, 2012 7:14am | Edited 7:27am
Quoting Gumrai
Why not do as I do and download a free demo account such as FXPro that doesn't have the stupid short Sunday daily and 4 hour candle.
My preferred method too for these reasons:
http://www.forexfactory.com/showthre...16#post5865516

Your ATR will also be correct on Monday.
Talking about ATR, this was a good link from Dmitri a while back (some newer members might not have spotted it):
http://www.forexfactory.com/showthre...35#post5935835
  • #6,562
  • Oct 31, 2012 7:41am Oct 31, 2012 7:41am
I didn't take this, but I want wiser opinion.

Everything looked lovely - M5 and M15 stochs coming from OB, including divergence on both (didn't notice that at the time though). Of course, all the matrix was red.

The only downside is that it is counter-trend. Would you say that is correct, and should be left alone for the newbies? Or might all the other indicators made it worth taking?
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  • #6,563
  • Oct 31, 2012 7:41am Oct 31, 2012 7:41am
EJ short....what do you guys think?
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  • #6,564
  • Oct 31, 2012 7:57am Oct 31, 2012 7:57am
Quoting idempotent
I didn't take this, but I want wiser opinion.

Everything looked lovely - M5 and M15 stochs coming from OB, including divergence on both (didn't notice that at the time though). Of course, all the matrix was red.

The only downside is that it is counter-trend. Would you say that is correct, and should be left alone for the newbies? Or might all the other indicators made it worth taking?

The big issue for me is that since Frankie open, EJ has climbed 75 pips, and is now sitting just above R1. In my opinion, at best, a counter trend trade might only go to R1 and nett you a small number of pips for a big risk.....a possible 10 pip gain for a 20 pip risk.....not too clever huh?

After such a powerful bull move, I would need to see something very convincing before I would consider going against the trend. In the absence of anything convincing, I would regard such moves as probable and normal market pullbacks and not worth the risk of trading.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,565
  • Oct 31, 2012 8:02am Oct 31, 2012 8:02am
Quoting nikz
EJ short....what do you guys think?
As I just said above.....it's a risky trade. it might pay off, but it's not a high probability trade imo.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,566
  • Oct 31, 2012 8:07am Oct 31, 2012 8:07am
Quoting realjumper
I would regard such moves as probable and normal market pullbacks and not worth the risk of trading.
You put it well, RJ. I don't yet have a good intuition of daily range, and other than leaving price enough room to go to S/R lines, I don't yet understand them much either.

But the counter-trend nature alone did keep me out. Just getting the teach to check my homework
  • #6,567
  • Oct 31, 2012 8:12am Oct 31, 2012 8:12am
Quoting idempotent
You put it well, RJ. I don't yet have a good intuition of daily range, and other than leaving price enough room to go to S/R lines, I don't yet understand them much either.

But the counter-trend nature alone did keep me out. Just getting the teach to check my homework
No one can be right all the time....that's for certain. When the NY stock exchange opens it might cause this thing to drop 100pips....no one knows. But the point is to take the high probability trades, and leave the rest. To give ourselves the best chance of our trades retuning a profit to us. With EJ, the move up has been quite powerful with no reason to think that any short trades would fly. Therefore it's best to practice our number one rule.....protect our capital!

The long trade up was a high probability trade.....another one will come along.....maybe today, maybe not until tomorrow. But if we want to trade tomorrow, we have to survive today!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,568
  • Oct 31, 2012 8:26am Oct 31, 2012 8:26am
Quoting idempotent
I didn't take this, but I want wiser opinion.

Everything looked lovely - M5 and M15 stochs coming from OB, including divergence on both (didn't notice that at the time though). Of course, all the matrix was red.

The only downside is that it is counter-trend. Would you say that is correct, and should be left alone for the newbies? Or might all the other indicators made it worth taking?
The way that I look at the charts...
1) Breaks above R1
2) Tests R1 as support
3) Makes a higher high
4) Once again tests R1 as support
5) Makes a higher high
6) Makes a higher low
7) Makes a higher high

Is taking a short a high probability trade?
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Please Do Not PM Me With Coding Enquiries
  • #6,569
  • Oct 31, 2012 8:29am Oct 31, 2012 8:29am
Quoting Gumrai
The way that I look at the charts...
1) Breaks above R1
2) Tests R1 as support
3) Makes a higher high
4) Once again tests R1 as support
5) Makes a higher high
6) Makes a higher low
7) Makes a higher high

Is taking a short a high probability trade?
Great analysis
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,570
  • Oct 31, 2012 8:34am Oct 31, 2012 8:34am
Quoting realjumper
Great analysis
Thank you RJ, that means a lot when it comes from a respected trader such as yourself.
Please Do Not PM Me With Coding Enquiries
  • #6,571
  • Oct 31, 2012 8:34am Oct 31, 2012 8:34am
NYSE ask for rule 48 (anti volatility)

http://www.finanza.com/Finanza/Notiz...a_di_Wa-382394
  • #6,572
  • Oct 31, 2012 8:41am Oct 31, 2012 8:41am
Quoting vamtop
NYSE ask for rule 48 (anti volatility)

http://www.finanza.com/Finanza/Notiz...a_di_Wa-382394
Thanks....the translation is (more or less): Nyse Euronext will require the application of the so-called Rule 48 in the opening phase. The decision is aimed at curbing excess volatility that could occur after two days of forced closure due to the passage of the hurricane Sandy in New York. The Rule 48 includes the ability of market makers in the market to temporarily halt trading in case of excessive volatility. It is therefore the possibility of suspending trading also by other criteria than those used by automatic blocks. The Rule 48 has been invoked for the last time Sept. 6, 2011.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,573
  • Oct 31, 2012 8:52am Oct 31, 2012 8:52am
That's it from me....I have my daily quota and it's nearly 3am....so it's sleep time. Take care in case the market gets crazy!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,574
  • Oct 31, 2012 8:52am Oct 31, 2012 8:52am
Quoting Gumrai
No worries Wiz, I didn't expect a reply during trading time, so your reply was quicker than I expected.

What I am trying to get clear in my mind as what is meant by the close of an HA candle.
If the HA candle is bullish, is the close considered the top of the candle body and vice cersa?
I have attached 2 images, One with japanese candles which closed just below the MA. In the other image, if you only have the HA candle body to look at, it appears that the price didn't close below the MA.
So in these examples, would you not exit the trade because...
Gumrai,

I attached a picture with my comments.

Choose one exit instead of another one could depend on PA structure (strong trend vs. choppy trend or range + important levels/pivots) but particularly on trader's personality.
My advise is to test what fits better with you and eventualy combine more exit strategies with multi units management.

ciao

wiz
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You control how you trade; the market controls how and when you'll get paid
  • #6,575
  • Oct 31, 2012 9:28am Oct 31, 2012 9:28am
Monoceros,

I will always review HTF charts ( I look at them regularly, basically each time a new candle opens, I will check that timeframe), and I have H4 & H1 MTF indies on my M15 chart, but my timing is always on the M5.

As this system is principally trading off daily pivot points, timing off M5 chart gives you the highest risk/reward entry point.

But no reason why timing off M15 would work as well.

Quoting monoceros
It says that System can be used on HTF. I am reading the thread but cant find that somebody have been using system on HTF. I am looking for H1, H4 and daily. Is somebody doing this ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,576
  • Oct 31, 2012 9:52am Oct 31, 2012 9:52am
Plus putting H1 & H4 arrow matrix on a M15 chart, you are effectively making HTF trading decisions and can time it on M15 PA.

Double bubble !!

M30 arrows on a M5 chart (with M5 & M15 tape) are spectacular !!

Quoting monoceros
It says that System can be used on HTF. I am reading the thread but cant find that somebody have been using system on HTF. I am looking for H1, H4 and daily. Is somebody doing this ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,577
  • Oct 31, 2012 12:58pm Oct 31, 2012 12:58pm
Quoting realjumper
You can see on the chart attached. I didn't take the initial push down during frankie simply because I was watching EU! When I saw EU hesitate I switched to EJ, but by then both stochs were on the 20 line, so I flagged the whole idea!
Hello Genesis Matrix Team. First of all i would like to thank you for bringing out such an amazing system to the public. I am a big fan of 5 min TF and i am glad that i found this system few days back. I have been going through all the pages, read the pdf and when i thought i figured out the system, i stumbled across this post and i am starting to feel different.

With what i understood from the various pages and the PDF (which was excellent btw) is that, When the '3' 15 min TF arrows appears in the chart, then we have to take next trades on the same direction of the arrow and avoid the trades that comes on the opposite direction. But in the image posted by RJ, There has been 3 Bullish arrows just before he took the bear trade where the '3' 15 mins bearish arrows appeared 20 minutes after he took the trade. I am sorry for the long post. I would appreciate if some one can clarify my doubt.

Thanks again for this great system.
  • #6,578
  • Oct 31, 2012 2:22pm Oct 31, 2012 2:22pm
Thanks for taking the time to reply Wiz
Please Do Not PM Me With Coding Enquiries
  • #6,579
  • Oct 31, 2012 2:22pm Oct 31, 2012 2:22pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Great example of pivot and resistance working.
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  • #6,580
  • Oct 31, 2012 2:42pm Oct 31, 2012 2:42pm
Hello insainty,

The more experienced traders have unique ways of trading with the Matrix, as well as using the 'standard' model. The 'standard' method is found in mostly RJ's posts.

The '3' MTF arrow strategy you're referring to was initiated by Yelena (who I'm expecting back from holidays soon); I suspect this trading style (which seems similar to how Martyfish trades); basically surfing the waves of Higher Time Frame Momentum; is profitable but isnt really the basic Genesis M.O.

The Basic M5 Genesis Method:

* 4 'Lights'
* great M5 and M15 stochastics (OB/OS (showing trend strength or exhaustion), direction, divergence)
* watch your P,S,R lines and look left
* SL: swing Hi/Low +/- 'x'
* TP: next line or PA stall or Genesis signal in opposite direction etc etc from 5-15 PDF..
* Execute on the open of the next candle after the signal.

Thats bare-bones of it really..

Keep reading through it should be clear as you go along..
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