Genesis Matrix Trading | Page 349 | 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

  • #6,961
  • Nov 7, 2012 2:29am Nov 7, 2012 2:29am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
300-400-500 pips/day in EU anyone?

Now Oli, you've got me eying up the Aston Martin Vanquish ($300,000us) on my marketwatch page......
  • #6,962
  • Nov 7, 2012 2:29am Nov 7, 2012 2:29am
Anyone see this on today's FF calendar?

Could be a MAJOR market mover...

Greek Gov Debt Crisis Vote

Greek Parliament will vote to decide if the measures in the "Medium Term Financial Strategy 2013-2016" austerity plan will be implemented;
  • #6,963
  • Nov 7, 2012 2:37am Nov 7, 2012 2:37am
Quoting sho
Anyone see this on today's FF calendar?

Could be a MAJOR market mover...

Greek Gov Debt Crisis Vote

Greek Parliament will vote to decide if the measures in the "Medium Term Financial Strategy 2013-2016" austerity plan will be implemented;
News reports say it will be a "late-night" vote after they wrap debate. It's 10:35am now in Athens.
Follow the money --Mark Felt (Deepthroat)
  • #6,964
  • Nov 7, 2012 2:38am Nov 7, 2012 2:38am
Quoting sho
Anyone see this on today's FF calendar?

Could be a MAJOR market mover...

Greek Gov Debt Crisis Vote

Greek Parliament will vote to decide if the measures in the "Medium Term Financial Strategy 2013-2016" austerity plan will be implemented;
Might be a mover, but the vote will get passed by a slim majority, and Greece will get its next batch of bailout money etc etc......it's a forgone conclusion so I wonder just how much of an effect will have
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,965
  • Nov 7, 2012 2:45am Nov 7, 2012 2:45am
Quoting realjumper
I guess I could put up with that!
But as with everything, there's no such thing as a free lunch and I can foresee 1 potential issue with Genesis-style trading: the size of the SL will have to be much wider because the various markets will have moved off their respective highs/lows by a lot more pips before the signals arrive.
This will be compensated in some ways by bigger TPs so the RRR (in % terms) should actually increase but the actual SL pip-size could make some eyes water lol
Also, in such environment, your SL will become your best friend (I really, really mean that) and most of those who trade without one will get wiped out...
Anyone else traded the indices overnight?
  • #6,966
  • Nov 7, 2012 2:49am Nov 7, 2012 2:49am
Quoting sho
Anyone see this on today's FF calendar?

Could be a MAJOR market mover...

Greek Gov Debt Crisis Vote

Greek Parliament will vote to decide if the measures in the "Medium Term Financial Strategy 2013-2016" austerity plan will be implemented;
I think that the Greeks will have no choice but to pretend that they will implement the lastest austerity package or they won't get the next part of their bailout money. Of course once they have the money, they won't lol

Edit: I'm slow typing today (topic already covered 2 posts above) ...
  • #6,967
  • Nov 7, 2012 2:51am Nov 7, 2012 2:51am
Quoting olivierforex
I think that the Greeks will have no choice but to pretend that they will implement the lastest austerity package or they won't get the next part of their bailout money. Of course once they have the money, they won't lol

Edit: I'm slow typing today (topic already covered 2 posts above) ...
LOL, wouldn't surprise me at all!!!
  • #6,968
  • Nov 7, 2012 2:52am Nov 7, 2012 2:52am
Quoting olivierforex
But as with everything, there's no such thing as a free lunch and I can foresee 1 potential issue with Genesis-style trading: the size of the SL will have to be much wider because the various markets will have moved off their respective highs/lows by a lot more pips before the signals arrive. This will be compensated in some ways by bigger TPs so the RRR (in % terms) should actually increase but the actual SL pip-size could make some eyes water lol
Also, in such environment, your SL will become your best friend (I really, really mean that) and most...
I do remember those days in 2008 although my trading was not very consistent yet!

I see what you're saying but I think it will be a psychological thing. For instance, we expect any given move to be in the region of +30 - +60 pips, so we bulk at a SL of much more than -20. When moves of +100 - +170 become the norm (and it won't happen overnight), we will be just as comfortable with a -40 SL. It's just a mind game!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,969
  • Nov 7, 2012 2:57am Nov 7, 2012 2:57am
Quoting realjumper
I guess I could put up with that!
Oli,

I feel with the situation in Europe deteriorating day by day, we may unfortunately be getting closer to a serious event, that may trigger severe social unrest.

One can only feel sympathy for the populace, as to what the incompetant politicians are putting them through.

I am really looking forward to hearing the IMF analysis of such a situation.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,970
  • Nov 7, 2012 3:25am Nov 7, 2012 3:25am
Quoting realjumper
I'd be cautious because the market has moved 92 pips today on pure speculation. ATR was 72
A few 'things' regarding ATR:
1) my ATR is showing 84 rather than 72. Is it just me?
2) for those who use the Genesis Dashboard (GMTS Dash) as in Jamz's post:
http://www.forexfactory.com/attachme...9&d=1352180227
If you set the 'ADR Enable' to 'True' you'll see exactly where we are in the ATR range in graphical % form (sometimes it helps spotting where we are especially if the LFL-ATR Projection lines are far away).
3) maybe this is for Cody/Xaphod/Wiz.... can anyone confirm that the ATR (in LFL-ATR) and the ADR (in GMTS Dash) calculations are slightly different because sometimes one is showing 100%+ while the other is still below 100% (or again, is it just me lol)?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 32 KB
  • #6,971
  • Edited 3:34am Nov 7, 2012 3:28am | Edited 3:34am
Quoting olivierforex
A few 'things' regarding ATR:
1) my ATR is showing 84 rather than 72. Is it just me?
2) for those who use the Genesis Dashboard (GMTS Dash) as in Jamz's post:
http://www.forexfactory.com/attachme...9&d=1352180227
If you set the 'ADR Enable' to 'True' you'll see exactly where we are in the ATR range in graphical % form (sometimes it helps spotting where we are especially if the LFL-ATR Projection lines are far away).
3) maybe this is for Cody/Xaphod/Wiz.... can anyone confirm that the ATR (in LFL-ATR) and...
My ATR shows 72. So far today we have moved 93.1. There is bound to be small broker driven differences, but either way, ATR has been exceeded for the day
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,972
  • Nov 7, 2012 3:39am Nov 7, 2012 3:39am
While we're on the ATR subject, I don't have the horizontal lines on my charts....I hate any extra lines and as we know, the pa adhering strictly to the ATR lines is just not going to happen. I have the lines blacked out because I just want to see the ATR level and todays progress so far.....but that's me.
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,973
  • Nov 7, 2012 3:39am Nov 7, 2012 3:39am
Quoting realjumper
My ATR shows 72. So far today we have moved 93.1. There is bound to be small broker driven differences, but either way, ATR has been exceeded for the day
I'm with you for today's movement (93.2 here) but the difference in the ATR is almost too big for comfort: yes it's only 12 pips but mine is a gargantuan 17% more than yours (72 to 84)!
  • #6,974
  • Nov 7, 2012 3:41am Nov 7, 2012 3:41am
Quoting olivierforex
I'm with you for today's movement (93.2 here) but the difference in the ATR is almost too big for comfort: yes it's only 12 pips but mine is a gargantuan 17% more than yours (72 to 84)!
Brokers server time???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,975
  • Nov 7, 2012 3:49am Nov 7, 2012 3:49am
Quoting olivierforex
I'm with you for today's movement (93.2 here) but the difference in the ATR is almost too big for comfort: yes it's only 12 pips but mine is a gargantuan 17% more than yours (72 to 84)!
Brokers server time GMT+2. ATR 84. ADR 110%.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #6,976
  • Nov 7, 2012 3:52am Nov 7, 2012 3:52am
Quoting realjumper
Brokers server time???
I thought about that but there's only a few pips difference in EU closing price 1 hr before/after my own 'midnight' + generally I'm spot on with these things using a broker's server 2 hours ahead of UK time (as far as pivots are concerned).
Maybe you have tariff restrictions in NZ and they confiscate a few pips as theu're passing through customs lol
Quoting scarlet pipe
Brokers server time GMT+2. ATR 84. ADR 110%.
Exactly the same here
  • #6,977
  • Nov 7, 2012 4:06am Nov 7, 2012 4:06am
Quoting olivierforex
I thought about that but there's only a few pips difference in EU closing price 1 hr before/after my own 'midnight' + generally I'm spot on with these things using a broker's server 2 hours ahead of UK time (as far as pivots are concerned).
Maybe you have tariff restrictions in NZ and they confiscate a few pips as theu're passing through customs lol

Exactly the same here
Yeah....pesky EEC!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,978
  • Nov 7, 2012 4:12am Nov 7, 2012 4:12am
My ATR value
Attached Image
Enter Signature
  • #6,979
  • Nov 7, 2012 4:17am Nov 7, 2012 4:17am
Decided to take the long signal on EU M5,
Small SL, small stake
Attached Image (click to enlarge)
Click to Enlarge Name: eu 7 nov no 4.gif Size: 21 KB
Please Do Not PM Me With Coding Enquiries
  • #6,980
  • Nov 7, 2012 4:18am Nov 7, 2012 4:18am
Quoting scarlet pipe
Brokers server time GMT+2. ATR 84. ADR 110%.
2 hour difference for me.....server time = GMT
Doing what you like is Freedom. Liking what you do is Happiness.
6 traders viewing now