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Genesis Matrix Trading

  • #7,121
  • Nov 9, 2012 2:08am Nov 9, 2012 2:08am
Quoting olivierforex
A lot of traders who try to catch a falling knife end up with no hand in the end
+ you have some non-standard/Genesis Stox settings showing on your charts....
it works without ANY mistakes, and I am catching a falling knife after Genesis signal though, it's my view of market not more
Gold Annihilation System
  • #7,122
  • Nov 9, 2012 2:08am Nov 9, 2012 2:08am
Quoting Hunterrus
make the same stoch settings on m5 like I have and you ll see that I am right, I am not going to argue, sooner or later you will come across this experience
No...you make your stoch settings the same as everyone else here...that is the system! If everyone applies their own settings to everything, it will be impossible to help people. The system as supplied is very profitable. And Gumrai is correct, you entered short on EU but the Matrix was showing long. This will further add to the confusion.

Please use the settings and the system as supplied.

Thanks.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,123
  • Nov 9, 2012 2:16am Nov 9, 2012 2:16am
GU +26
EU +34

Enough for today, thanks to Genesis TEAM and professional bank trader's stoch settings (sorry RJ)
Gold Annihilation System
  • #7,124
  • Nov 9, 2012 2:18am Nov 9, 2012 2:18am
Quoting Hunterrus
GU +26
EU +34

Enough for today, thanks to Genesis TEAM and professional bank trader's stoch settings (sorry RJ)
Nothing to be sorry about man......we must all row the boat the same way.....it can't work any other way.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,125
  • Nov 9, 2012 2:20am Nov 9, 2012 2:20am
Quoting realjumper
No...you make your stoch settings the same as everyone else here...that is the system! If everyone applies their own settings to everything, it will be impossible to help people. The system as supplied is very profitable. And Gumrai is correct, you entered short on EU but the Matrix was showing long. This will further add to the confusion.

Please use the settings and the system as supplied.

Thanks.
Sorry about the Stoch but I won't change it (it's just my opinion and way of using it)
NO matrix showed SHORT
look....
Attached Image (click to enlarge)
Click to Enlarge Name: GE short.jpg Size: 233 KB
Gold Annihilation System
  • #7,126
  • Nov 9, 2012 2:25am Nov 9, 2012 2:25am
Quoting Hunterrus
Sorry about the Stoch but I won't change it (it's just my opinion and way of using it)
NO matrix showed SHORT
look....
Well if you're not going to tow the line of the majority, you can leave this thread. Bye bye
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,127
  • Nov 9, 2012 2:44am Nov 9, 2012 2:44am
Quoting Hunterrus
Sorry about the Stoch but I won't change it (it's just my opinion and way of using it)
NO matrix showed SHORT
look....
Matrix did not show short - you have posted a chart of the GU trade, but it was the EU trade that I said was showing long
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  • #7,128
  • Nov 9, 2012 2:46am Nov 9, 2012 2:46am
I'm a bit rusty with divergences, been a while since I used them.
Is this what you look for?
Assuming that the price doesn't go down further and break the previous low, of course
Attached Image (click to enlarge)
Click to Enlarge Name: eu 9 nov.gif Size: 24 KB
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  • #7,129
  • Nov 9, 2012 2:54am Nov 9, 2012 2:54am
Quoting Gumrai
I'm a bit rusty with divergences, been a while since I used them.
Is this what you look for?
Assuming that the price doesn't go down further and break the previous low, of course
Yes that's the sort of thing....although what you show there has yet to be confirmed by the PA. There's some links and cheat sheet on Post #1 that might help you out
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,130
  • Nov 9, 2012 3:00am Nov 9, 2012 3:00am
Took EJ short with TP at Daily Pivot. Closed for +7 even tough its still going strong with > +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: sc1.jpg Size: 46 KB
  • #7,131
  • Nov 9, 2012 3:01am Nov 9, 2012 3:01am
RJ ... for today's action in EU and GU etc, how would you have tackled it? The divergence and better looking genesis signal came before Frankfurt open, and after FF open there weren't any good genesis signals (M15 stoch already OS). How would you take a entry if you didn't get in on the trade ~65min before FF open? Just use normal technical analysis and sell the weakness on prices moving away from S/R?

I hesitated on the FF open, and looks like this could be the week for me ...
  • #7,132
  • Nov 9, 2012 3:03am Nov 9, 2012 3:03am
Quoting Gumrai
I'm a bit rusty with divergences, been a while since I used them.
Is this what you look for?
Assuming that the price doesn't go down further and break the previous low, of course
http://www.forexfactory.com/showthre...83#post5888883
http://www.forexfactory.com/attachme...0&d=1346060698
  • #7,133
  • Nov 9, 2012 3:14am Nov 9, 2012 3:14am
Quoting RainyDay1
RJ ... for today's action in EU and GU etc, how would you have tackled it? The divergence and better looking genesis signal came before Frankfurt open, and after FF open there weren't any good genesis signals (M15 stoch already OS). How would you take a entry if you didn't get in on the trade ~65min before FF open? Just use normal technical analysis and sell the weakness on prices moving away from S/R?

I hesitated on the FF open, and looks like this could be the week for me ...
The EU and GU climb up to the R1 level was due to the Chinese CPI and other China news coming out, and you had to be there to take advantage of that. Lucky for me, that's right after lunch for me!! The climb up was never really going to stick.....it's just a 'sugar rush' and the probability of it reversing all the way down again was quite high because the Euro mess hasn't changed. EU and GU, and most of the majors in fact, showed an M15 divergence pretty clearly at R1, and the price just couldn't break R1, so it was just a matter of time before the fall came. It was simply a matter of watching the M5 and M15 charts and entering as the bear run began. It did come back and test R1 again just before Frankie on the EU, but the SL was never threatened. GU short was a bit more straight forward, but it did begin before Frankie, as you said. The whole deal was due to the China news 'sugar rush' and the expected rebound.

Difficult to catch if you don't get to see the charts early.....but thems the breaks sometimes!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,134
  • Nov 9, 2012 3:28am Nov 9, 2012 3:28am
Quoting realjumper
The EU and GU climb up to the R1 level was due to the Chinese CPI and other China news coming out, and you had to be there to take advantage of that. Lucky for me, that's right after lunch for me!! The climb up was never really going to stick.....it's just a 'sugar rush' and the probability of it reversing all the way down again was quite high because the Euro mess hasn't changed. EU and GU, and most of the majors in fact, showed an M15 divergence pretty clearly at R1, and the price just couldn't break R1, so it was just a matter of time before...
Thanks RJ! A really helpful answer
  • #7,135
  • Nov 9, 2012 3:30am Nov 9, 2012 3:30am
Quoting RainyDay1
RJ ... for today's action in EU and GU etc, how would you have tackled it? The divergence and better looking genesis signal came before Frankfurt open, and after FF open there weren't any good genesis signals (M15 stoch already OS). How would you take a entry if you didn't get in on the trade ~65min before FF open? Just use normal technical analysis and sell the weakness on prices moving away from S/R?

I hesitated on the FF open, and looks like this could be the week for me ...
If you look at the EU trade that you mention 65 min before FF open, you will see that it went 5 pips (minus spread) into profit and then 6 pips (plus spread) into loss. Also there was a matrix signal long.
Price basically went nowhere for over an hour after the trade.
You have to question yourself honestly , if you had entered that trade, would you have stuck with it?
The short signal given at the FF open wasn't a valid trade because of the stoch.
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  • #7,136
  • Nov 9, 2012 3:43am Nov 9, 2012 3:43am
Quoting Gumrai
If you look at the EU trade that you mention 65 min before FF open, you will see that it went 5 pips (minus spread) into profit and then 6 pips (plus spread) into loss. Also there was a matrix signal long.
Price basically went nowhere for over an hour after the trade.
You have to question yourself honestly , if you had entered that trade, would you have stuck with it?
The short signal given at the FF open wasn't a valid trade because of the stoch.
I have to admit I missed the boat on the GU/ EU trades as they didn't meet my criteria

I did take the EA short and am happy with the pips.

However, the boat will come past again and we will get on. Maybe Monday, who knows
  • #7,137
  • Nov 9, 2012 3:46am Nov 9, 2012 3:46am
Quoting Gumrai
If you look at the EU trade that you mention 65 min before FF open, you will see that it went 5 pips (minus spread) into profit and then 6 pips (plus spread) into loss. Also there was a matrix signal long.
Price basically went nowhere for over an hour after the trade.
You have to question yourself honestly , if you had entered that trade, would you have stuck with it?
The short signal given at the FF open wasn't a valid trade because of the stoch.
Absolutely yes. The SL above the swing high (and above R1) was worth about -20 and the divergence on the M15 was already apparent, and the M15 arrow was trying to spawn as well. The drop back down to the daily low goal was about +35, which is about 1.5:1 r/r.....well worth waiting for. As it turned out, it was better than 2:1.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,138
  • Nov 9, 2012 3:48am Nov 9, 2012 3:48am
EU setting up quite nicely at the DP for another potential short.

Watching closely.
  • #7,139
  • Nov 9, 2012 3:54am Nov 9, 2012 3:54am
Quoting realjumper
Absolutely yes. The SL above the swing high (and above R1) was worth about -20 and the divergence on the M15 was already apparent, and the M15 arrow was trying to spawn as well. The drop back down to the daily low goal was about +35, which is about 1.5:1 r/r.....well worth waiting for. As it turned out, it was better than 2:1.
"Trying to spawn", please explain
  • #7,140
  • Nov 9, 2012 3:59am Nov 9, 2012 3:59am
Quoting bryce
"Trying to spawn", please explain
The M15 arrow was trying to paint itself on the chart. Of course it can't be relied upon until the M15 candle closes and it paints the arrow (or not) permanently. So the arrow was trying to paint.....which gives a possible indication that the trade might be about to form. The arrow is spawned (born) from the action of the price
Doing what you like is Freedom. Liking what you do is Happiness.
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