Genesis Matrix Trading | Page 361 | 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

  • #7,201
  • Nov 12, 2012 2:57am Nov 12, 2012 2:57am
Quoting Jandre
No mine is at 1.2900 I meant I saw the bull run failing and it fell back to DP really fast also we are in a downtrend on the HTF so I viewed it as a rejection.
Problem is that this can be confusing to newbie traders. This wasn't a Genesis trade was it? You took the trade while the matrix was indicating a buy.
Please Do Not PM Me With Coding Enquiries
  • #7,202
  • Nov 12, 2012 3:00am Nov 12, 2012 3:00am
Quoting Gumrai
Problem is that this can be confusing to newbie traders. This wasn't a Genesis trade was it? You took the trade while the matrix was indicating a buy.
Yes I have a tendency to jump the gun on trades when I spot certain things like rejection of S/R or Divergence, I am sorry if I confuse some of the newer traders. Genesis is just a weapon in my arsenal! If you look at the frankfurt open trade you will see some great bearish divergence with a failed run at dp.
  • #7,203
  • Nov 12, 2012 3:17am Nov 12, 2012 3:17am
Quoting Jandre
Yes I have a tendency to jump the gun on trades when I spot certain things like rejection of S/R or Divergence, I am sorry if I confuse some of the newer traders. Genesis is just a weapon in my arsenal! If you look at the frankfurt open trade you will see some great bearish divergence with a failed run at dp.
I think it would be to the benefit of everyone here, new and old, if trades posted followed the Genesis principle guidelines as given on the first page of the thread.

Once we start posting trades taken on differing strategies it will only serve to alter the whole essence of what the thread was set up to achieve.

There is no difference in my eyes from using non genesis indicators or taking market entries from other points of view and as we all know, non genesis indi's are not allowed!

Do we not agree?
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #7,204
  • Nov 12, 2012 3:21am Nov 12, 2012 3:21am
Quoting scarlet pipe
I think it would be to the benefit of everyone here, new and old, if trades posted followed the Genesis principle guidelines as given on the first page of the thread.

Once we start posting trades taken on differing strategies it will only serve to alter the whole essence of what the thread was set up to achieve.

There is no difference in my eyes from using non genesis indicators or taking market entries from other points of view and as we all know, non genesis indi's are not allowed!

Do we not agree?
I do take trades using the genesis entry but many times genesis just confirms my reasons for taking a trade! I am not using any other indicators, I simply trade PA, Divergence, and Genesis. If it is confusing to people I will stop posting my trades, This thread is for advanced traders though.
  • #7,205
  • Nov 12, 2012 3:27am Nov 12, 2012 3:27am
Quoting scarlet pipe
I think it would be to the benefit of everyone here, new and old, if trades posted followed the Genesis principle guidelines as given on the first page of the thread.

Once we start posting trades taken on differing strategies it will only serve to alter the whole essence of what the thread was set up to achieve.

There is no difference in my eyes from using non genesis indicators or taking market entries from other points of view and as we all know, non genesis indi's are not allowed!

Do we not agree?
Yes we agree and the 'team members' are talking about this right now. Olivia posted a method of showing your trades on a 'Genesis Template' that you can screenshot and post, if you are perhaps using something on your charts that isn't part of Genesis. We will highlight that post soon and refer people to it.

Having said that, you're quite right, we must stick to posting Genesis trades please......nothing else because as Gumrai says, they will add confusion to the thread and that is not what we want. I'm pretty tough on kicking people out who (for whatever reason) try to steer the thread in a different direction and I need to be even handed here. I don't want to kick anyone out......if we all row the boat the same way, we will progress and newbies will learn. Okay?

As an aside, I too take trades that are not part of Genesis because I'm testing something out.....I don't post or even mention those trades because they aren't Genesis trades. Best to keep them off the thread and just promote the system by posting system trades
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,206
  • Edited 4:24am Nov 12, 2012 3:30am | Edited 4:24am
Quoting Jandre
Yes I have a tendency to jump the gun on trades when I spot certain things like rejection of S/R or Divergence, I am sorry if I confuse some of the newer traders. Genesis is just a weapon in my arsenal! If you look at the frankfurt open trade you will see some great bearish divergence with a failed run at dp.
Bearish divergence on M15 + M15 Stox having just turned from OB did not make this a HPT for the Longs on the M5 chart (despite M5 having got 4x white dots during that fake break up to the upside). Also during the previous 2 hours (and earlier in the Asian session), PA pretty much went across the DP a lot of times (on M5) and that does not indicate that this particular line will be respected (as it had been violated many times already).

Edit: even the great Lady Olivia said so ... http://www.forexfactory.com/showthre...20#post6111120

Edit 2 (2nd chart): as per Jandre's post, although he might have jumped the gun for whatever reason(s), the M5 short trade that developped 25 minutes later (blue line) was still a better HPT than the previous 'fake' long trade as both M5 & M15 Stox are now in agreement and we also have a M5 bearish divergence (on top of the already established M15 bearish divergence)
Attached Images
  • #7,207
  • Nov 12, 2012 3:41am Nov 12, 2012 3:41am
Quoting realjumper
Yes we agree and the 'team members' are talking about this right now. Olivia posted a method of showing your trades on a 'Genesis Template' that you can screenshot and post, if you are perhaps using something on your charts that isn't part of Genesis. We will highlight that post soon and refer people to it.

Having said that, you're quite right, we must stick to posting Genesis trades please......nothing else because as Gumrai says, they will add confusion to the thread and that is not what we want. I'm pretty tough on kicking people out who (for...
I agree with you, I will only post my trades I take with a pure breed genesis signal!
  • #7,208
  • Nov 12, 2012 3:43am Nov 12, 2012 3:43am
Quoting Jandre
I agree with you, I will only post my trades I take with a pure breed genesis signal!
Good on ya!!! That's what I do too....the other trades I keep to myself
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,209
  • Nov 12, 2012 3:55am Nov 12, 2012 3:55am
Quoting Jandre
I do take trades using the genesis entry but many times genesis just confirms my reasons for taking a trade! I am not using any other indicators, I simply trade PA, Divergence, and Genesis. If it is confusing to people I will stop posting my trades, This thread is for advanced traders though.
I was not implying that you were using any other indi's Jandre, sorry if I gave you that impression.

I just felt that we could quite easily slide from the genesis path if we do not stick to the guidelines as laid out by RJ and the team and that would defeat the object of the thread.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #7,210
  • Nov 12, 2012 4:19am Nov 12, 2012 4:19am
Well it's certainly knocking on the door of 2700 quite persistently, but it can't crack it yet. It also hasn't reversed which might mean that the pressure is going to keep on 2700 until it breaks. I wonder if any Euro news will come out of their current meeting to provide the push......if not.....perhaps it will have to wait until tomorrow seeing as we have no USA session......hmmmmm......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,211
  • Nov 12, 2012 4:27am Nov 12, 2012 4:27am
Quoting realjumper
Well it's certainly knocking on the door of 2700 quite persistently, but it can't crack it yet. It also hasn't reversed which might mean that the pressure is going to keep on 2700 until it breaks. I wonder if any Euro news will come out of their current meeting to provide the push......if not.....perhaps it will have to wait until tomorrow seeing as we have no USA session......hmmmmm......
time to watch some movies.
  • #7,212
  • Nov 12, 2012 4:29am Nov 12, 2012 4:29am
Quoting vahn
time to watch some movies.
That's one option!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,213
  • Nov 12, 2012 6:34am Nov 12, 2012 6:34am
Quoting vahn
time to watch some movies.
I might go out tomorrow and get a few cans of Dulux. If I do a bit I can then sit and watch paint dry - more exciting than watching the markets
Please Do Not PM Me With Coding Enquiries
  • #7,214
  • Nov 12, 2012 6:35am Nov 12, 2012 6:35am
Quoting realjumper
That's one option!!
Please from your experience what can you say about the US holiday at US session. I mean about volatility.
  • #7,215
  • Nov 12, 2012 7:24am Nov 12, 2012 7:24am
Quoting rotmos
Please from your experience what can you say about the US holiday at US session. I mean about volatility.
In my opinion, it can be very tricky to trade because USA and Canada are out of the game and the Euro meetings are taking place. So it's possible that a news announcement of no great importance could come out of the meeting, and cause the market to spike either way.......It's okay to trade if you set small targets and you keep you SL tight, but I think I'm not going to take part any more today.....it's a bit dangerous.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,216
  • Nov 12, 2012 7:56am Nov 12, 2012 7:56am
Slow day indeed. But I got 18 pips from GBPUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: aa.jpg Size: 164 KB


And lost 8 pips in a dumb trade on USDCHF. First, I somehow forgot that USDCHF is pretty much EURUSD upside down, and that we had been talking about the massive support under EURUSD 1.2700, which equates to massive resistance on USDCHF. And, almost as a side note, the M15 stoch wasn't coming from OS. But (he says to defend himself) there was M5 bullish divergence:

Attached Image (click to enlarge)
Click to Enlarge Name: aa1.jpg Size: 170 KB
  • #7,217
  • Nov 12, 2012 8:24am Nov 12, 2012 8:24am
Quoting realjumper
In my opinion, it can be very tricky to trade because USA and Canada are out of the game and the Euro meetings are taking place. So it's possible that a news announcement of no great importance could come out of the meeting, and cause the market to spike either way.......It's okay to trade if you set small targets and you keep you SL tight, but I think I'm not going to take part any more today.....it's a bit dangerous.
Thanks a lot for the reply. I am also going for other engagements too. Tanx.
  • #7,218
  • Nov 12, 2012 8:25am Nov 12, 2012 8:25am
Quoting idempotent
And, almost as a side note, the M15 stoch wasn't coming from OS. But...
These aren't set-in-stone rules but...:
.the M15 stox wasn't coming from OS ("he who treat the M15 Stox with contempt ..." lol)
.+ the M15 Stox was at best flat if not still falling then (definitely no agreement between M5 & M15 Stox).
.+ Genesis likes a SL below the recent lows (9467 - below DP - 20+pips) but maybe that was too far for your MM?
  • #7,219
  • Edited 8:34am Nov 12, 2012 8:34am | Edited 8:34am
Quoting olivierforex
.+ Genesis likes a SL below the recent lows (9467 - below DP - 20+pips) but maybe that was too far for your MM?
My money management is always a fixed risk per trade, and I use the incomparable VO-Pro tool for this (Free plug for hanover's awesome tool: check it out at http://www.forexfactory.com/showthread.php?t=280437)

So currently (on demo) I'm risking 1% per trade, and by dragging the order lines, the lot size gets adjusted automatically. For this trade, the red x marks the original SL (12.pips). I closed it "early" at 8.2 pips. If I recall, strict Genesis recommends +5 pips beyond nearby lows, which would make this at 25 pips. I'm finding it hard to get decent R:R with that kind of SL. So I am picking nearer lows, and using a "If price goes beyond here, I'm wrong".

Still learning, and on demo, though.
  • #7,220
  • Nov 12, 2012 10:04am Nov 12, 2012 10:04am
Quoting realjumper
In my opinion, it can be very tricky to trade because USA and Canada are out of the game and the Euro meetings are taking place. So it's possible that a news announcement of no great importance could come out of the meeting, and cause the market to spike either way.......It's okay to trade if you set small targets and you keep you SL tight, but I think I'm not going to take part any more today.....it's a bit dangerous.
Is the meetings are only today or it continu or many day?
1 trader viewing now