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Genesis Matrix Trading

  • #6,641
  • Nov 1, 2012 5:37am Nov 1, 2012 5:37am
Close EJ + 30
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,642
  • Nov 1, 2012 5:40am Nov 1, 2012 5:40am
Quoting Martyfish
Close EJ + 30
I've closed my trade as well.
2 trades on EJ today, +20, +28, very happy with that
Please Do Not PM Me With Coding Enquiries
  • #6,643
  • Nov 1, 2012 5:45am Nov 1, 2012 5:45am
Quoting Jandre
The Stochastic is bad and its hitting S1, I would def keep a tight stop. Not a high probability trade.
Hi, can you enlighten me a little on this, You said the Stochastic is bad but i am not able to find a difference between the shown Stochastic and the Stochastic that came earlier for the profitable short entry
Attached Image
  • #6,644
  • Nov 1, 2012 5:51am Nov 1, 2012 5:51am
Quoting Gumrai
I've closed my trade as well.
2 trades on EJ today, +20, +28, very happy with that
You guys are going very, very well, and it's very pleasing to see.....well done.

I stayed away from the Yen crosses today and traded the Aussie crosses instead....AU and EA. Pretty much the same trades as EU and EJ though......

Next week the lions share of the USA session will be out of reach for me because NY open will be at 2am, and many moves will then happen at 4am or 4.30am when the stock markets all kick in. It's all good though....it just means I'll have to be more vigilant on Frankie/London sessions and the occasional Asian session.

Anyway.....good pips today so far.....congrats to all who took the banks money from them!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,645
  • Nov 1, 2012 6:17am Nov 1, 2012 6:17am
Hi all, i have posted today's EU chart with some analysis and questions. Do let me know if i am wrong. It will be very helpful in me understanding this system. I will use both the original system and the 5-15 system here.

1.
Reasons for taking this trade:
a. '3' 15 mins arrow appeared a few candles earlier which confirms the sell trend. (5-15 method)
b. Stop loss was less than 10 pips.
c. 5 min stoch just came from OB.
Reasons for not taking this trade:
a. 15 min stoch at that time was pointing up.

Now it was very tempting to take this trade but 15 min stoch was against the trade. What would you have done at this time??

2.
If following the 5-15 system,
a. this is an invalid signal because the 15 min trend is still down.

If following the original system,
Reasons for taking this trade:
a. 5 mins and 15 mins stoch looks fine for my eyes or is it not? Some one please help me here.

Reasons for not taking this trade:
a. stop loss was more than 25 pips.
b. pa just got rejected on S1

Any other reason why this trade should have been avoided?

3.
Reason for taking this trade
a. The direction of the arrow was the same that of the current 15 min trend.
b. Stop loss was less than 16 pips.
c. Both 5 mins and 15 mins stoch looks fine for me.
Reason for not taking this trade
c. Price at that point was too close the S1 so there is a good chance of it getting rejected again.

4.
If following the 5-15 system,
a. this is an invalid signal because the 15 min trend is still down.

If following the original system,
Reasons for taking this trade:
a. PA got rejected twice
b. 15 mins stoch is looking good.
c. Stop loss is less than 10 pips
Reasons for not taking this trade:
a. 5 mins stoch is already in the OB area.

Should we take the 5 mins stoch into consideration since the other points are really strong?


Please do let me know what you think of my analysis and if i am going in the right direction. From what i have been seeing, All the conditions will not be met for all the trades and its very rare to see such setups, Its up to the trader to look at the setup and determine whether the reasons to take the trades are stronger than the reasons to avoid the trade and vice versa. Do let me know if i am correct. It will help me understand the system better and also for others who are in the same boat as me.

Thanks for your time.
Attached Image (click to enlarge)
Click to Enlarge Name: analysis.jpg Size: 75 KB
  • #6,646
  • Nov 1, 2012 7:17am Nov 1, 2012 7:17am
Quoting insainty
Hi, can you enlighten me a little on this, You said the Stochastic is bad but i am not able to find a difference between the shown Stochastic and the Stochastic that came earlier for the profitable short entry
Could you please up date your indicator and template.
  • #6,647
  • Nov 1, 2012 7:36am Nov 1, 2012 7:36am
Quoting xpertvijay
Could you please up date your indicator and template.
It was not my template. I took it from another post in this thread to ask a question.
  • #6,648
  • Nov 1, 2012 7:39am Nov 1, 2012 7:39am
Quoting xpertvijay
Could you please up date your indicator and template.
The template you need is in the zip file on post #1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,649
  • Nov 1, 2012 7:42am Nov 1, 2012 7:42am
Quoting insainty
Hi all, i have posted today's EU chart with some analysis and questions. Do let me know if i am wrong. It will be very helpful in me understanding this system. I will use both the original system and the 5-15 system here.

1.
Reasons for taking this trade:
a. '3' 15 mins arrow appeared a few candles earlier which confirms the sell trend. (5-15 method)
b. Stop loss was less than 10 pips.
c. 5 min stoch just came from OB.
Reasons for not taking this trade:
a. 15 min stoch at that time was pointing up.

Now it was very tempting...

I am still learning, but I will try to answer:
1. all your reason to take the trade is correct, but you can see that M15 stoch is definitely not pointing up (it is either flat or tilted downwards already) plus your TP is bigger than your SL. so no reason not taking the trade

2. Reason for not taking trade: Stoch M5 Overbought

3. Reason for not taking trade: stoch M5 crossed down below 50 (too low) and stoch M15 also below 50, which probably showing that only little room left for downward movement plus S1 is in the way

4. Reason to take the trade, bounce from S1, M5 and M15 stochastic Divergence

I did not use the 5-15 strategy, cause as you see it will make you miss some good trades. but if you feel that a more mechanical system is more suitable for your trading style rather than discretionary trading then 5-15 would save you from many bad trades

Hope this helps
Failure leads to Success if one learns from mistakes and never give up
  • #6,650
  • Nov 1, 2012 7:51am Nov 1, 2012 7:51am
Quoting jinchu
I am still learning, but I will try to answer:
1. all your reason to take the trade is correct, but you can see that M15 stoch is definitely not pointing up (it is either flat or tilted downwards already) plus your TP is bigger than your SL. so no reason not taking the trade

2. Reason for not taking trade: Stoch M5 Overbought

3. Reason for not taking trade: stoch M5 crossed down below 50 (too low) and stoch M15 also below 50, which probably showing that only little room left for downward movement plus S1 is in the way

4. Reason to take...
Thanks jinchu for your time, Here are my questions again

1. At that time of the signal, the m15 stoch was not painted till that point, It was pointing upward at that time. I agree with the second reason.

2. I agree stoch m5 was overbought at that point but if you check the example trades from the start of this thread and many other trades in the history, Most of the good trades came when m5 was already on the OB level. I think it was the reason that most of the traders decided to bring in the 15 min stoch into the chart. So if you check that way, then m5 was in OB but m15 was very well pointing up wards.

3. I got this, So when both m5 and m15 are above or below 50 level, then its a sign of caution for the trade.

4. Agree with you but again if you check m5 stoch it was in OB state when it happened.

I am also still earning so excuse me and correct me if i am wrong.

Again thanks for your time.
  • #6,651
  • Nov 1, 2012 8:25am Nov 1, 2012 8:25am
Quoting insainty
It was not my template. I took it from another post in this thread to ask a question.
I have the post #1 Indicator and template, I need the particular indicator and template which is post #6646.

thanx
  • #6,652
  • Nov 1, 2012 8:49am Nov 1, 2012 8:49am
Hello Vijay,

Hope youre doing well.

You are a relatively new trader, am I right? Well, you dont really need the template youre asking for (in my opinion) but if you have to have it, then send vahn a private message. It belongs to him, and he may share it with you.

If I may suggest something to you: search through this thread, from the start. Read only RJ's and ohammond's posts (to keep things simple). You'll see exactly what the trading method is, and why you might not need a lot of extra tools.

Cheers.

  • #6,653
  • Nov 1, 2012 10:58am Nov 1, 2012 10:58am
Quoting xpertvijay
I have the post #1 Indicator and template, I need the particular indicator and template which is post #6646.

thanx
As i said it was not my template. I just took it from another post to ask a question. You can find the original post here:

http://www.forexfactory.com/showthre...16#post6151916
  • #6,654
  • Nov 1, 2012 12:47pm Nov 1, 2012 12:47pm
Quoting vahn
re-enter short for e/u
Could you please up date your indicator and template.
  • #6,655
  • Nov 1, 2012 1:07pm Nov 1, 2012 1:07pm
[quote=Thoughts;6153693]Hello Vijay,

Hope youre doing well.

You are a relatively new trader, am I right? Well, you dont really need the template youre asking for (in my opinion) but if you have to have it, then send vahn a private message. It belongs to him, and he may share it with you.

If I may suggest something to you: search through this thread, from the start. Read only RJ's and ohammond's posts (to keep things simple). You'll see exactly what the trading method is, and why you might not need a lot of extra tools.

Cheers.

Thanks for your help. I don't have the access to send the privet message as I am junior member.
  • #6,656
  • Nov 1, 2012 3:15pm Nov 1, 2012 3:15pm
Quoting insainty
Hi all, i have posted today's EU chart with some analysis and questions. Do let me know if i am wrong. It will be very helpful in me understanding this system. I will use both the original system and the 5-15 system here.

1.
Reasons for taking this trade:
a. '3' 15 mins arrow appeared a few candles earlier which confirms the sell trend. (5-15 method)
b. Stop loss was less than 10 pips.
c. 5 min stoch just came from OB.
Reasons for not taking this trade:
a. 15 min stoch at that time was pointing up.

Now it was very tempting...
Note: I do not consider myself an expert with Genesis as I am learning about it myself

It's not clear if you are looking at entries signalled by the arrows or genesis matrix

Entry 1)
Price was showing no sense of direction pre FF open. Obviously price will break out eventually, but we cannot know when or in which direction. Some traders will ignore the first move of the trading session because they can often be unreliable.
Personally, when I cannot see any market direction in a specific TF, I will move up to a higher TF until I can.
I have attached a chart from a few days ago. This is the sort of set up I look for early session.
Price has been ranging pre-session. Price has broken out below support, the bottom of the range (in this case, it is also DP, so even better).
Price has re-tested the broken support as resistance and we have a genesis signal.
Note that the MTF arrow is also indicating bearishness. This must be an almost perfect set-up.

The stoch has not come from O/B, but this is a continuation signal, the original signal being 15 candles earlier

I will add further comments in a new post
Attached Image (click to enlarge)
Click to Enlarge Name: eu example.gif Size: 25 KB
Please Do Not PM Me With Coding Enquiries
  • #6,657
  • Nov 1, 2012 3:49pm Nov 1, 2012 3:49pm
Quote
2.
If following the 5-15 system,
a. this is an invalid signal because the 15 min trend is still down.

If following the original system,
Reasons for taking this trade:
a. 5 mins and 15 mins stoch looks fine for my eyes or is it not? Some one please help me here.

Reasons for not taking this trade:
a. stop loss was more than 25 pips.
b. pa just got rejected on S1

As you say, SL was on the large size and so needs to complete quite a large move in order to return R:R of 1:1
I can't claim to be a knowledgable of HA candles, but have read somewhere that moves often fizzle out after 8 HA candles of the same colour.

Quote
b. pa just got rejected on S1
That's a pro, not a con.

Overall, not a terrible set up, I actually took a similar trade on EJ at the time.
Attached Image (click to enlarge)
Click to Enlarge Name: eu example 2.gif Size: 26 KB
Please Do Not PM Me With Coding Enquiries
  • #6,658
  • Nov 1, 2012 4:02pm Nov 1, 2012 4:02pm
Quote
3.
Reason for taking this trade
a. The direction of the arrow was the same that of the current 15 min trend.
b. Stop loss was less than 16 pips.
c. Both 5 mins and 15 mins stoch looks fine for me.
Reason for not taking this trade
c. Price at that point was too close the S1 so there is a good chance of it getting rejected again.

I agree with you.
Another plus for the set-up is that it is in the same direction as the first main move of the session.
Probably a good idea to wait and see if S1 is broken and then re-tested as resistance.

Quote
4.
If following the 5-15 system,
a. this is an invalid signal because the 15 min trend is still down.

If following the original system,
Reasons for taking this trade:
a. PA got rejected twice
b. 15 mins stoch is looking good.
c. Stop loss is less than 10 pips
Reasons for not taking this trade:
a. 5 mins stoch is already in the OB area.

I agree with you. The fact that we had a double bottom in the S1 zone much improves the probability of a successful long trade.
On my chart the M5 stoch is definitely not in the O/B area at the time of the matrix signal. This makes me wonder if you are using the arrows for entry.
Please Do Not PM Me With Coding Enquiries
  • #6,659
  • Nov 1, 2012 4:36pm Nov 1, 2012 4:36pm
Quoting xpertvijay
Could you please up date your indicator and template.

Listen carefully. The indicators and template are in the zip file in post #1 on page 1. Download those and read the thread.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,660
  • Nov 1, 2012 4:39pm Nov 1, 2012 4:39pm
Quoting insainty
From what i have been seeing, All the conditions will not be met for all the trades and its very rare to see such setups,
No it's not "very rare"...it happens all the time, and if you read the thread AT ALL.....you'd know that. Don't clutter the thread with endless questions that have answered several times already......especially when others here are trading. READ THE THREAD.
Doing what you like is Freedom. Liking what you do is Happiness.
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