Genesis Matrix Trading | Page 371 | 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

  • #7,401
  • Nov 14, 2012 5:26am Nov 14, 2012 5:26am
Quoting realjumper
Here is the template with both the standard stoch and the mtf stoch set to m15. The mtf stoch indicator which of course is needed as well, is also attached.

I will re-upload the zip file in post #1 in a moment
RJ Thanks for the effort.

Does this look better
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 45 KB
  • #7,402
  • Nov 14, 2012 5:29am Nov 14, 2012 5:29am
Did anyone catch the short trade on AU? Bounced at R1,have both 5M and 15M arrow,both stochs are pretty well positioned.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 44 KB
  • #7,403
  • Nov 14, 2012 5:30am Nov 14, 2012 5:30am
Quoting frenetic
Did anyone catch the short trade on AU? Bounced at R1,have both 5M and 15M arrow,both stochs are pretty well positioned.
Jip I did
  • #7,404
  • Nov 14, 2012 5:35am Nov 14, 2012 5:35am
Quoting jono717
RJ Thanks for the effort.

Does this look better
Yeah, much better
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,405
  • Nov 14, 2012 5:35am Nov 14, 2012 5:35am
Quoting frenetic
Did anyone catch the short trade on AU? Bounced at R1,have both 5M and 15M arrow,both stochs are pretty well positioned.
Yes.....and the same on the kiwi
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,406
  • Nov 14, 2012 5:42am Nov 14, 2012 5:42am
@jono: congrats on your (maybe) first winning trade with genesis man .
@RJ: patience is a virtue and we know it . Good trades.
  • #7,407
  • Nov 14, 2012 5:42am Nov 14, 2012 5:42am
I decided to take a step back and I read most of the posts from this thread and not just first couple of pages and it certainly helped me but now it seems that I have become almost too picky and most times I wont take a trade because R/R to the next pivot line is below 1:1.

So RJ and other experienced genesis traders, do you take any trades when for example the SL is 20 pips and the next pivot is 15 pips away and just put SL to BE when it gets near the pivot and look if it can broke it?

BTW just took 20 pips on AUDUSD, better than nothing
  • #7,408
  • Nov 14, 2012 5:44am Nov 14, 2012 5:44am
Quoting jono717
Okay great will do the changes many thanks.

I caught the AU trade

Lol set tp at DP
By that, I guess that you took the short on M5?
I am happy that it is working out well for you, but H1, H4 and Daily all show a strong upmove.
Personally, I only look for Long opportunities with AU, because of the carry trades, especially on a Wednesday when long positions will receive 3 days interest
I think that sometimes I am too cautious.
Congratulations, you got in on a great trade
Please Do Not PM Me With Coding Enquiries
  • #7,409
  • Nov 14, 2012 5:45am Nov 14, 2012 5:45am
Quoting frenetic
@jono: congrats on your (maybe) first winning trade with genesis man .
@RJ: patience is a virtue and we know it . Good trades.
Thanks....I've been really busy tonight but I spotted the Aussie early so I was ready for that....and where the Aussie goes, the Kiwi usually follows......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,410
  • Nov 14, 2012 5:48am Nov 14, 2012 5:48am
Quoting realjumper
All good points Oli......the only other way I know to get a good entry signal in such a relentless trend is to go down to the M1 chart and wait for a pullback. This often gives a signal that is not readily apparent on the M5. I used to do this quite a lot but I haven't done it lately, but today's EJ, CJ and UJ pairs were ripe for the pickin!
Thanks RJ, after reading this i went back and looked at todays M1 PA on EJ & EU and found great entry opportunities there. It has changed my approach to the charts when the PA is moving fast and the trend started before the FFM open.
Cheers and thanx again for a wonderful thread.
  • #7,411
  • Nov 14, 2012 5:50am Nov 14, 2012 5:50am
Quoting profitpips
I decided to take a step back and I read most of the posts from this thread and not just first couple of pages and it certainly helped me but now it seems that I have become almost too picky and most times I wont take a trade because R/R to the next pivot line is below 1:1.

So RJ and other experienced genesis traders, do you take any trades when for example the SL is 20 pips and the next pivot is 15 pips away and just put SL to BE when it gets near the pivot and look if it can broke it?

BTW just took 20 pips on AUDUSD, better than nothing
Well done on your 20 pips

Taking R/R into consideration when placing trades is always a tough call. I would be unlikely to risk 20 pips to gain 15, but we have no way of knowing whether the PA will blast right through and continue. It's a tough call and it almost has to be assessed on a 'case by case' basis. I know that's not much help, but it's a tough question you ask. I suppose if I have a gun at my head for a 'yes or no' answer, I would say no....I would give the trade a miss and look for a better one later.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,412
  • Nov 14, 2012 5:52am Nov 14, 2012 5:52am
Quoting Ta Hui
Thanks RJ, after reading this i went back and looked at todays M1 PA on EJ & EU and found great entry opportunities there. It has changed my approach to the charts when the PA is moving fast and the trend started before the FFM open.
Cheers and thanx again for a wonderful thread.

You're welcome.....glad it helps
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,413
  • Nov 14, 2012 5:55am Nov 14, 2012 5:55am
Quoting Gumrai
By that, I guess that you took the short on M5?
I am happy that it is working out well for you, but H1, H4 and Daily all show a strong upmove.
Personally, I only look for Long opportunities with AU, because of the carry trades, especially on a Wednesday when long positions will receive 3 days interest
I think that sometimes I am too cautious.
Congratulations, you got in on a great trade
Thanks my take profit just hit.

Awesomeness!!!
  • #7,414
  • Nov 14, 2012 5:55am Nov 14, 2012 5:55am
Quoting Gumrai
By that, I guess that you took the short on M5?
I am happy that it is working out well for you, but H1, H4 and Daily all show a strong upmove.
Personally, I only look for Long opportunities with AU, because of the carry trades, especially on a Wednesday when long positions will receive 3 days interest
I think that sometimes I am too cautious.
Congratulations, you got in on a great trade
Hi Gumrai,first time talking to you .

Maybe I'm not as experienced as you are but maybe we can discuss this.
As we all know,we are trading mostly on 5M chart. And in my opinion: H1,H4 or even daily are a little too far to have a impact on 5M chart. Even if we have a strong uptrend on H1 or H4 chart for some time but even a retracement on H1 or H4 chart can give us a nice short-term downtrend on 5M chart. I know we always have to look at HTF to see a bigger picture but what HTF should we look at is a question. And maybe it's depend on each traders style I think. Just my thought on this.
  • #7,415
  • Nov 14, 2012 5:58am Nov 14, 2012 5:58am
Quoting jono717
Thanks my take profit just hit.

Awesomeness!!!
Well done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,416
  • Nov 14, 2012 6:05am Nov 14, 2012 6:05am
Quoting frenetic
Hi Gumrai,first time talking to you .

Maybe I'm not as experienced as you are but maybe we can discuss this.
As we all know,we are trading mostly on 5M chart. And in my opinion: H1,H4 or even daily are a little too far to have a impact on 5M chart. Even if we have a strong uptrend on H1 or H4 chart for some time but even a retracement on H1 or H4 chart can give us a nice short-term downtrend on 5M chart. I know we always have to look at HTF to see a bigger picture but what HTF should we look at is a question. And maybe it's depend on each traders...
Hi Frenetic,
Yes, I have to agree with you. When there is a strong trend in the higher tf, there are many opportunities to trade against that trend in the lower tf. A trend in a lower tf is simply a retrace, not a reversal in a higher tf. When taking the trades in a lower tf, it's always a good idea to be aware of this and maybe exit when the retrace appears to be running out of steam
Please Do Not PM Me With Coding Enquiries
  • #7,417
  • Nov 14, 2012 6:06am Nov 14, 2012 6:06am
Quoting frenetic
Hi Gumrai,first time talking to you .

Maybe I'm not as experienced as you are but maybe we can discuss this.
As we all know,we are trading mostly on 5M chart. And in my opinion: H1,H4 or even daily are a little too far to have a impact on 5M chart. Even if we have a strong uptrend on H1 or H4 chart for some time but even a retracement on H1 or H4 chart can give us a nice short-term downtrend on 5M chart. I know we always have to look at HTF to see a bigger picture but what HTF should we look at is a question. And maybe it's depend on each traders...
That's the thinking that led to the 5-15 method to be developed. Yelena developed the 60-5 method for the Symphonie system, and the Genesis team discussed this. We agreed that in a strong trend, and we're talking several hours to several days, the 60-5 method works well. But, the difference between the H1 and the M5 (60 - 5) was too great much of the time and good moves were missed completely. That's what led us to comprehensive testing of the 5-15 method and we found that the results were much more profitable than 60-5.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,418
  • Nov 14, 2012 6:08am Nov 14, 2012 6:08am
Quoting Gumrai
Hi Frenetic,
Yes, I have to agree with you. When there is a strong trend in the higher tf, there are many opportunities to trade against that trend in the lower tf. A trend in a lower tf is simply a retrace, not a reversal in a higher tf. When taking the trades in a lower tf, it's always a good idea to be aware of this and maybe exit when the retrace appears to be running out of steam
That's true, but a true trend reversal will be shown (and trade-able) on the M5 long before it is obvious on the H1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,419
  • Nov 14, 2012 6:17am Nov 14, 2012 6:17am
Thank you for your reply,RJ and Gumrai. Much appreciated .
I think you guys reply are clear enough for newer trader to understand so I will stop here.
  • #7,420
  • Nov 14, 2012 7:18am Nov 14, 2012 7:18am
Agree with RJ.

What the H1/H4 trend helps is if we're trading against trend, it alerts us to perhaps exit faster if the trade has stalled, or put tighter stops, and if we're with trend, try to give the trade a little more leeway to eg get pass the first S/R line or last longer.

The STSn Dash helps in this regard. If it is all flashing one colour, I got in the trade on M5 early enough on Genesis signal and Stoch, I would be more inclined to let it run and use a swinger exit as in the 5-15 pdf. If the H1/H4 is still against the M5 trend after giving the trade some time, I'll more likely use the scalper exit.

RJ, would you agree with this?
4 traders viewing now