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Genesis Matrix Trading

  • #7,521
  • Nov 16, 2012 2:22am Nov 16, 2012 2:22am
Try long EUR/JPY

Out of canal
Stoch m15 out of 20
Stoch m5 not in +80
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  • #7,522
  • Nov 16, 2012 2:24am Nov 16, 2012 2:24am
Quoting olivierforex
That's why there is the expression "I've been DAXed" lol
In the past I have been DAXed many times
  • #7,523
  • Nov 16, 2012 2:35am Nov 16, 2012 2:35am
Quoting olivierforex
EA has been very good and smooth. For those who trade HTF or the 60-5 scenario it was a textbook case (all UK time) and in my view, one of the right ways to play the tops/bottoms:
.03.55/04.00 goes Short H1 Matrix + H1 Arrow
.04.45 Long M5 Matrix + M5 Arrow (countertrend)
.06.30 Short M5 Matrix + M5 Arrow + great M5/M15 Stox at 1.2366. Out for +43

Olivierforex - could you please supply indi for chart in the upper right hand corner of your charts for M1 M5 M15 H1?

Thanks

Keeper81
  • #7,524
  • Nov 16, 2012 2:44am Nov 16, 2012 2:44am
Quoting keeper81
Olivierforex - could you please supply indi for chart in the upper right hand corner of your charts for M1 M5 M15 H1?

Thanks

Keeper81
You're a naughty boy/girl Keeper
It's in the 1st post on the 1st page:
"All the indicators are provided for you. You do not need any other indicators. Feel free to check out the indicators as supplied by Xaphod in the Genesis System Tools thread"
(GMTS-Dash)
  • #7,525
  • Nov 16, 2012 2:57am Nov 16, 2012 2:57am
Quoting olivierforex
You're a naughty boy/girl Keeper
It's in the 1st post on the 1st page:
"All the indicators are provided for you. You do not need any other indicators. Feel free to check out the indicators as supplied by Xaphod in the Genesis System Tools thread"
(GMTS-Dash)

Thanks
  • #7,526
  • Nov 16, 2012 2:59am Nov 16, 2012 2:59am
I'm a bit late 'on deck' today.....it's been a busy day of washing the house and the windows so I have been trading and eating and drinking coffee, but not posting!

The Aussie crosses have been good trading today, and the Kiwi would have been good too, but I was committed at the time so I didn't enter.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,527
  • Nov 16, 2012 3:41am Nov 16, 2012 3:41am
Quoting olivierforex
You're a naughty boy/girl Keeper
It's in the 1st post on the 1st page:
"All the indicators are provided for you. You do not need any other indicators. Feel free to check out the indicators as supplied by Xaphod in the Genesis System Tools thread"
(GMTS-Dash)
Hi Oli I have Stochastic_DivergenceMTF.mq4 but does not match the High-Low Stochastic Osilator also havent this one(Stochastic_DivergenceMTF.mq4) price field.

How is your's if it is better could you share. I think system tools hasnt divergence indicator.

Thank you.
  • #7,528
  • Nov 16, 2012 4:08am Nov 16, 2012 4:08am
Quoting olivierforex
It's a great question & I'm glad you asked it as I'm sure you were not the only one thinking that.
Thanks Oli for good answer. I find trading in direction of higher TF as most difficult part of trading.
I have been taught in this thread to always look at M15 chart before putting order to find HH,HL etc.
I am not talking about scrolling chart 5, 10, 20 days back. I am talking about looking at chart as it is (with actual candle on right side on the screen. It means about 36 hours back. What can i see? I see HH's and HL's. So unless we understand up trend as HH's and HL's i treat your trade not as countertrend but as in direction of main trend. But if we change criteria of trend to H1 Arrow then YES, your trade is countertrend.


I am not question your trading skills or fingering that you are wrong because after few months on this threat i know that U are very good trader. I am just going to say how discretionary is fixing higher TF trend
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  • #7,529
  • Nov 16, 2012 4:35am Nov 16, 2012 4:35am
Quoting ozgsnr
Hi Oli I have Stochastic_DivergenceMTF.mq4 but does not match the High-Low Stochastic Osilator also havent this one(Stochastic_DivergenceMTF.mq4) price field.

How is your's if it is better could you share. I think system tools hasnt divergence indicator.

Thank you.
Hi Ozgsnr,
I can't remember exactly which one I'm using because I have renamed them in my MT folder but it's either the one from Bryce or the one from Braciola:
http://www.forexfactory.com/showthre...34#post6144534
http://www.forexfactory.com/showthre...79#post5956379
  • #7,530
  • Nov 16, 2012 4:52am Nov 16, 2012 4:52am
Quoting iwan73
I am not talking about scrolling chart 5, 10, 20 days back. I am talking about looking at chart as it is (with actual candle on right side on the screen. It means about 36 hours back. What can i see? I see HH's and HL's.
I am just going to say how discretionaryis fixing higher TF trend
As I've said in my post, roughly the last 24 hours is enough for me to initiate (or not) a trade on the M5 TF but it doesn't have to be that way, it just happens to work for me.
Also note:
1) in the back of my mind (more discretionary thinking I know) there was your uptrend from 14th November and that's why when the trade went past my 3rd TP I did not hang around but booked my profit (H1 TF might have said 'short' but I wasn't looking for an H1 TP (big) nor did I want an H1-size SL(big too)).
2) it was the H1 Mtf-Arrow + the H1 Matrix that said short, it wasn't just my opinion.

But I'm eager to find out what period of time others like to have in front of their eyes when making an M5 trade decision. So all of you out there, even the silent ones please tell us what works for you? I'm just interested to 'see' where we all are and if we end up with a general concensus then that's great but if not, that's great too (there is no right and no wrong answer here).
  • #7,531
  • Nov 16, 2012 4:54am Nov 16, 2012 4:54am
Quoting olivierforex
Hi Ozgsnr,
I can't remember exactly which one I'm using because I have renamed them in my MT folder but it's either the one from Bryce or the one from Braciola:
http://www.forexfactory.com/showthre...34#post6144534
http://www.forexfactory.com/showthre...79#post5956379
Thank you it's Stochastic_DivergenceMTF.mq4... but standart stochastic osilator (High - Low) slightly different signal and line.


comical bucause if you will add to AU it is ok.

But if you use it means good.
  • #7,532
  • Nov 16, 2012 5:08am Nov 16, 2012 5:08am
Quoting ozgsnr
Thank you it's Stochastic_DivergenceMTF.mq4... but standart stochastic osilator (High - Low) slightly different signal and line.


comical bucause if you will add to AU it is ok.

But if you use it means good.
Here's the one I use because it is set to high/low as standard which is correct (close/close = wrong) and it is exactly the same as the standard stochastic oscillator; not sure what's comical?
Attached File(s)
File Type: mq4 Stochastic_DivergenceMTF.mq4   15 KB | 508 downloads
  • #7,533
  • Nov 16, 2012 5:25am Nov 16, 2012 5:25am
Quoting olivierforex
Here's the one I use because it is set to high/low as standard which is correct (close/close = wrong) and it is exactly the same as the standard stochastic oscillator; not sure what's comical?
comical=Interesting. Sorry for my English.

I add what i tryed to explain
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  • #7,534
  • Nov 16, 2012 5:37am Nov 16, 2012 5:37am
Quoting olivierforex
As I've said in my post, roughly the last 24 hours is enough for me to initiate (or not) a trade on the M5 TF but it doesn't have to be that way, it just happens to work for me.
Also note:
1) in the back of my mind (more discretionary thinking I know) there was your uptrend from 14th November and that's why when the trade went past my 3rd TP I did not hang around but booked my profit (H1 TF might have said 'short' but I wasn't looking for an H1 TP (big) nor did I want an H1-size SL(big too)).
[u]2) it was the H1 Mtf-Arrow + the H1 Matrix...
Ideally, I like to be able to identify a trend in the TF that I am trading, but I will often look at higher tf. If I see a trend in a higher tf, I will be more likely to give a trade a bit more room to breathe.
I still like the good old 123 formations to identify possible trend reversals.
1 being a low, 2 a high, 3 a higher low and then a break of 2. Vice versa for possible bear trend reversals.
My gold chart shows an example, I know this is basic stuff, but not everyone uses 123's.
I like this one especially because level 2 was previous support acting as resistance and when price broke above it again strongly, it can often lead to a strong bull rally.
Of course, I'm not what you could call an expert with trading M5 and realise that this type of analysis may not be so reliable as it is in H1 charts.
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Please Do Not PM Me With Coding Enquiries
  • #7,535
  • Nov 16, 2012 5:48am Nov 16, 2012 5:48am
Quoting Gumrai
Ideally, I like to be able to identify a trend in the TF that I am trading, but I will often look at higher tf. If I see a trend in a higher tf, I will be more likely to give a trade a bit more room to breathe.
I still like the good old 123 formations to identify possible trend reversals...
Gumrai, I too love the 123 and 2b. This is what I really like about Genesis because it confirms the solid formation. The Gensis signal often shows up in coorelation with the pattern plus divergence. Genesis helps to weed out the false 123's that used to cost me. I will say no more at the risk of expulsion.

Oli, to answer your question, I never move higher than H1 when trading the M5 time frame and usually enter the trade, or wait to enter, based on the M1 chart. I use Gensis and the stochs on all of these charts.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,536
  • Nov 16, 2012 6:10am Nov 16, 2012 6:10am
Quoting olivierforex
Here's the one I use because it is set to high/low as standard which is correct (close/close = wrong) and it is exactly the same as the standard stochastic oscillator; not sure what's comical?
Sorry I make you bussy this picture better. Sorry again maybe only I m newbie and I dont know enough English. Also situation that developed and I asked you.


looks like Level line wrong.
Thank you
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  • #7,537
  • Nov 16, 2012 6:20am Nov 16, 2012 6:20am
Quoting ozgsnr
comical=Interesting. Sorry for my English.

I add what i tryed to explain
Ok I get it now lol
Well to me it looks like on EU you have one of the Stox set to close/close and one to high/low or you don't have the 'fixed minimum/maximum' set to 0/100? If that's not it then I can't think of anything else apart from closing MT4 and restarting and see if the difference is still there!
  • #7,538
  • Nov 16, 2012 6:36am Nov 16, 2012 6:36am
Quoting olivierforex
Ok I get it now lol
Well to me it looks like on EU you have one of the Stox set to close/close and one to high/low or you don't have the 'fixed minimum/maximum' set to 0/100? If that's not it then I can't think of anything else apart from closing MT4 and restarting and see if the difference is still there!
Thank you so much yes you are right. wasnt 0/100

I said comical yes Im comic
  • #7,539
  • Nov 16, 2012 11:50am Nov 16, 2012 11:50am
Hi all,I think it's time to make a decent presentation after months of silent lurking
My name is...let's se...luca and I'm from italy;I'm following the thread since from its beginning and so i've read it interely.
I know it's a bit risky to say it:RJ will not be clement with me... but it's true,I've followed all of your posts since from the start of this masterpiece!
I'm demoing forex since last year and I finally decided to go live with a very small account to test what reality is:so I only trade with microlots and nothing more.
But I decided to go live because live is...another wolrd!
I still remember 3 months ago when I first pressed the button to enter a real money trade:it took me over one day to press it
And it was only a microlot....
I try to follow the rules the better I can and in the next days when my job allow me,I will also begin posting charts with entries...and I hope will be profitable ones
In the meanwhile....have a nice weekend all!
Greeting from Italy

Luca
Laughing and smiling is always better than complaining and crying!
  • #7,540
  • Nov 16, 2012 2:39pm Nov 16, 2012 2:39pm
Quoting lucats72
Hi all,I think it's time to make a decent presentation after months of silent lurking
My name is...let's se...luca and I'm from italy;I'm following the thread since from its beginning and so i've read it interely.
I know it's a bit risky to say it:RJ will not be clement with me... but it's true,I've followed all of your posts since from the start of this masterpiece!
I'm demoing forex since last year and I finally decided to go live with a very small account to test what reality is:so I only trade with microlots and nothing more.
But...
Welcome to our thread Luca, it's nice to see you and it's nice to see that you are approaching this in a very sensible way. I too demoed for a similar period before going live, and then I went live with a small amount like you, and I had trouble 'pulling the tirgger' , like you!! It's all part of the learning curve and we all have to go through this.
Doing what you like is Freedom. Liking what you do is Happiness.
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