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Genesis Matrix Trading

  • #7,701
  • Nov 22, 2012 5:03am Nov 22, 2012 5:03am
Quoting vahn
close EU at R2. +37 pips

time to relax now
You got away with it this time......enjoy your pips
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,702
  • Nov 22, 2012 10:39pm Nov 22, 2012 10:39pm
buy on EU half hour ago
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  • #7,703
  • Nov 22, 2012 10:50pm Nov 22, 2012 10:50pm
Quoting vahn
buy on EU half hour ago
quick trade. closed at resistance (yesterday high). +9 pips
  • #7,704
  • Nov 23, 2012 12:58am Nov 23, 2012 12:58am
Hi everyone.....I'm a bit late to arrive here today, but German IFO in about 3 minutes. It could be a big mover perhaps........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,705
  • Nov 23, 2012 1:07am Nov 23, 2012 1:07am
Quoting realjumper
Hi everyone.....I'm a bit late to arrive here today, but German IFO in about 3 minutes. It could be a big mover perhaps........
yes. the price going crazy. 30 pips in just 5 minutes
  • #7,706
  • Nov 23, 2012 1:08am Nov 23, 2012 1:08am
Quoting vahn
yes. the price going crazy
Draghi at 09.15 GMT!!!!
  • #7,707
  • Nov 23, 2012 2:20am Nov 23, 2012 2:20am
I'm sitting on the side lines today.
  • #7,708
  • Nov 23, 2012 3:04am Nov 23, 2012 3:04am
Hi RJ, I have a question:

Yesterday i took a short entry on EU based on the following factors:

1. PA got rejected on R1
2. Genesis signal was there
3. Stochs looks good on m5 and m15.

It however got closed on SL. Can you tell me where i went wrong in this entry?

Thanks.
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  • #7,709
  • Nov 23, 2012 3:48am Nov 23, 2012 3:48am
Quoting insainty
Hi RJ, I have a question:

Yesterday i took a short entry on EU based on the following factors:

1. PA got rejected on R1
2. Genesis signal was there
3. Stochs looks good on m5 and m15.

It however got closed on SL. Can you tell me where i went wrong in this entry?

Thanks.
...the main reasons why I didn't take this signal (fwiw) was the relative position of the 5m stoch (nearly oversold) against the fact that price was making HH's and HL's (trending long!) on the 5m. As an aside, I also use the hrly stoch to try and pin-point the HPTs more accurately and in this case it too was long.
  • #7,710
  • Nov 23, 2012 4:16am Nov 23, 2012 4:16am
Quoting sidefx
...the main reasons why I didn't take this signal (fwiw) was the relative position of the 5m stoch (nearly oversold) against the fact that price was making HH's and HL's (trending long!) on the 5m. As an aside, I also use the hrly stoch to try and pin-point the HPTs more accurately and in this case it too was long.
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The actual signal came couple candles before that entry line and then the 5m stoch wasn't close to oversold, and looking back that day I wouldn't see it as clear uptrend + the R1 had already hold as resistance that day so I would probably took that trade myself.
So I would say it just was one of the losing signals every system has
  • #7,711
  • Nov 23, 2012 4:57am Nov 23, 2012 4:57am
Quoting Ta Hui
I'm sitting on the side lines today.
I'm with you on that, maybe the US open will give some opportunities
Please Do Not PM Me With Coding Enquiries
  • #7,712
  • Nov 23, 2012 5:19am Nov 23, 2012 5:19am
Quoting profitpips
Attachment
The actual signal came couple candles before that entry line and then the 5m stoch wasn't close to oversold
Apologies, my mistake re 5min stoch.
  • #7,713
  • Nov 23, 2012 5:26am Nov 23, 2012 5:26am
Quoting profitpips
Attachment
The actual signal came couple candles before that entry line and then the 5m stoch wasn't close to oversold, and looking back that day I wouldn't see it as clear uptrend + the R1 had already hold as resistance that day so I would probably took that trade myself.
So I would say it just was one of the losing signals every system has
If you take a look at the HTF would you still say EU was not in a clear uptrend?
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #7,714
  • Nov 23, 2012 5:36am Nov 23, 2012 5:36am
Quoting insainty
Yesterday i took a short entry on EU based on the following factors:
1. PA got rejected on R1
2. Genesis signal was there
3. Stochs looks good on m5 and m15.
It however got closed on SL. Can you tell me where i went wrong in this entry? Thanks.
Hi Insainty,
Please have a look at this first:
http://www.forexfactory.com/showthre...21#post6202121
And this is the same view that you'd had at the time of your short entry (roughly 24 hours showing on your chart, that works for me):
They look quite similar: a move up followed by a period of consolidation, then another move up followed by another consolidation...
Quoting olivierforex
As we know, a period of consolidation can mean 2 things:
.the market is taking a rest before powering higher?
.or the market is building up for a reversal?
I still don't know which one, the same as everybody else
Again this is not core-Genesis but it is another good example on how the HTF indicators can be of help; on this occasion the H1 MTF Arrow (yellow circle) and the H1 Matrix/Tape (at the bottom) were both still long as opposed to having already turned short as in the EA trade. Now that might not always stop me from entering against the trend but it will make me think twice and I'm likely to put my SL @BE very quickly.
Last but not least, you had good support just below at 2833 & 2836 and we were still making HL (higher lows).
Overall, maybe not the best example of a HPT?
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  • #7,715
  • Nov 23, 2012 5:41am Nov 23, 2012 5:41am
Quoting insainty
Hi RJ, I have a question:

Yesterday i took a short entry on EU based on the following factors:

1. PA got rejected on R1
2. Genesis signal was there
3. Stochs looks good on m5 and m15.

It however got closed on SL. Can you tell me where i went wrong in this entry?

Thanks.
Insainty, is that the normal zoom level on your charts?
When you zoom in that much it flattens out the PA and you just don't have enough information in front of you to make decisions. You should really zoom out one level to get an idea of what is going on and sometimes zoom out 1 more level to get a better idea of the big picture.
Look at my chart which I think is zoomed out 1 level from yours. It's much easier to read.

I think that I have identified where you took your trade, but it wasn't easy because of the lack of information in your chart. 2 hours and 45 minutes after the FF open - right?

On my chart you can see that price made a low at 1.
Hopefully it should be quite obvious that the high at 1A and the low at 1B are insignificant.
We had a significant high at 2.
Then a low at 3 which was higher than 1.
When the price broke above 2, then the whole world and it's Mother should recognise that the Bulls are probably in control.
It would require a break below 3 before you could believe that the bears were gaining the upper hand.
You took your trade 11 pips above 3. with a SL of 20 when the previous couple of candles had shown the bulls fighting back.
All things considered, not a high probability short.
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Please Do Not PM Me With Coding Enquiries
  • #7,716
  • Nov 23, 2012 1:05pm Nov 23, 2012 1:05pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I hope some of you took those trades. I was lulled into a sleepy state by PA so went off to bed only now to see Price went through 3rd resistance! I'm seeing how it works, 1st put you to sleep, then move off.
Got my pivots in the right place now, cheers, as a daily exercise. However, to my advantage I have a printout in front of me showing the high and low of the day which can be useful too.
I did manage a couple of trades with a small gain on USDJPY and the NZ where the pivots were most important.
Looking forward to Monday.
  • #7,717
  • Nov 23, 2012 1:11pm Nov 23, 2012 1:11pm
I have been looking at the 5-15 Genesis Strategy. However, I only trade the 4HR chart. So, if I was to apply the same methodology to the a 4HR chart I would have to use the Daily TF as my upper TF. If the Stoch is set to 11, 3, 3 on the 4HR, what is the setting on the upper TF - the same?


Thanks
BTP
Without vision, the people will perish.
  • #7,718
  • Nov 24, 2012 5:40am Nov 24, 2012 5:40am
Quoting bythepound
I have been looking at the 5-15 Genesis Strategy. However, I only trade the 4HR chart. So, if I was to apply the same methodology to the a 4HR chart I would have to use the Daily TF as my upper TF. If the Stoch is set to 11, 3, 3 on the 4HR, what is the setting on the upper TF - the same? Thanks. BTP
The ratios on 5-15 & 15-60 stategy are 3 & 4 respectively, so ideally you'd want a H12 or H16 TF when trading the H4 charts but that's not available on standard MT so you're stuck with a 6 ratio and the Daily as your HTF (unless you use one of the "still unsatisfactory in my view" Custom TF Generators). We only use 11,3,3 with Genesis & that would be the setting too on H4-D.
  • #7,719
  • Nov 24, 2012 6:13am Nov 24, 2012 6:13am
A couple of things on templates (for those who don't know) and on posting your charts (for those using non-standard Genesis ones):

1- once you have your chart set up exactly the way you want (including non-Genesis indicators if you have) ---> right-click on an empty area of the chart ---> Template ---> Save Template ---> give it the name you want ---> click 'Save'
2- remove the offending (lol) indicators (don't worry you have saved your layout in step 1) & when this is done repeat all the steps decribed in 1- but this time give your template a different name.
3- to switch between your different templates: ---> right-click on an empty area of the chart ---> Template ... and select the one you want from the list. You can now switch between various templates, add any templates to any FX pairs to easily have a uniform view across them all + you can now post your charts in here if you want any query answered.
  • #7,720
  • Nov 24, 2012 6:46am Nov 24, 2012 6:46am
Also, open any new chart (EU for example) and add a chosen template to it. Now click on 'Market Watch' (see picture below) and this will show you ALL the instruments available in your MT; if you can't see them all, right-click on 'Symbols' & select 'Show All'. Drag & drop any instrument (EY for example) from there onto your EU chart and the template will automaticaly change from EU to EY.
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