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Genesis Matrix Trading

  • #7,801
  • Nov 27, 2012 4:47am Nov 27, 2012 4:47am
Quoting frenetic
Did anyone catch any pips today? EU and EJ have dropped since the beginning of London sessions...
EU and EA were both 'no brainers' today, which makes me smile because the cupboard was bare yesterday!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,802
  • Nov 27, 2012 4:53am Nov 27, 2012 4:53am
Quoting sp33ncer
yes I sell eu and ej but close them at DP , so i miss lots of pips...
Don't worry,the market will keep on moving and another chances will come .

If I was you,I would do the same with EU but EJ,if you look at the left of the chart,daily pivot is not a strong R/S level because it has been broken through a few times since the beginning of the new day so if you moved you SL to breakeven or BE + 5,I think you could get more pips. But pips is pips and the past is the past . Congrats with EU and EJ trades.
  • #7,803
  • Nov 27, 2012 4:56am Nov 27, 2012 4:56am
Quoting realjumper
EU and EA were both 'no brainers' today, which makes me smile because the cupboard was bare yesterday!!
I don't trade EA but I have to agree with you about EU,RJ . But I can't smile because I didn't pay attention to it because of other stuffs....
  • #7,804
  • Nov 27, 2012 4:57am Nov 27, 2012 4:57am
Quoting frenetic
I don't trade EA but I have to agree with you about EU,RJ . But I can't smile because I didn't pay attention to it because of other stuffs....
I know the feeling.....I've been a bit distracted the last few trading days too......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,805
  • Nov 27, 2012 4:59am Nov 27, 2012 4:59am
Quoting realjumper
EU and EA were both 'no brainers' today, which makes me smile because the cupboard was bare yesterday!!
Did you take the first signal after frankie open on EU or the one after london open?
  • #7,806
  • Nov 27, 2012 5:02am Nov 27, 2012 5:02am
Quoting frenetic
Did anyone catch any pips today? EU and EJ have dropped since the beginning of London sessions...
Unfortunately, I tend to monitor EU and there was no signal to go short after the London open.
Prior to london open, price was making higher highs and higher lows. I saw nothing to indicate that a reversal was a high probability trade.
It made a slightly lower high around London open, but there was no Genesis signal to give an entry.
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  • #7,807
  • Nov 27, 2012 5:08am Nov 27, 2012 5:08am
Quoting profitpips
Did you take the first signal after frankie open on EU or the one after london open?
No I took the next one not long after London open. I took this one because of the divergence on the m15 chart, and because on the m5 chart everything we look for was there, plus an mtf15 arrow was trying to form. The last piece of the jig saw was the SL of -15, which showed a 1:1 r/r if the short went as far as the Pivot. In the end it went much further than that giving a r/r of better than 2:1

As an aside, I have been watching various threads today, and nearly all of them have been 'predicting' longs, for various reason.....very various. I bet most of them missed out on the short drop today because they were biased to the long side. This is why predicting is stupid, because no one knows which way it will go, so why give yourself a bias?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,808
  • Nov 27, 2012 5:08am Nov 27, 2012 5:08am
Quoting realjumper
EU and EA were both 'no brainers' today, which makes me smile because the cupboard was bare yesterday!!
When you have time I would really appreciate your reasoning why EU short was a no brainer.
I really didn't see it as a high probability trade.
If it was a high probability trade, then I am really doing something wrong here.
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  • #7,809
  • Nov 27, 2012 5:12am Nov 27, 2012 5:12am
Quoting Gumrai
Unfortunately, I tend to monitor EU and there was no signal to go short after the London open.
Prior to london open, price was making higher highs and higher lows. I saw nothing to indicate that a reversal was a high probability trade.
It made a slightly lower high around London open, but there was no Genesis signal to give an entry.
Yes there was.....plus the round number
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 223 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,810
  • Nov 27, 2012 5:15am Nov 27, 2012 5:15am
Quoting realjumper
No I took the next one not long after London open. I took this one because of the divergence on the m15 chart, and because on the m5 chart everything we look for was there, plus an mtf15 arrow was trying to form. The last piece of the jig saw was the SL of -15, which showed a 1:1 r/r if the short went as far as the Pivot. In the end it went much further than that giving a r/r of better than 2:1

As an aside, I have been watching various threads today, and nearly all of them have been 'predicting' longs, for various reason.....very various. I bet...
I didn't trade the first signal after the FF open, same as you. (Ist vertical line on chart)
I didn't take the signal after the london open, because the stoch had not visited +80
Attached Image (click to enlarge)
Click to Enlarge Name: eu 27 nov.gif Size: 20 KB
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  • #7,811
  • Edited 5:26am Nov 27, 2012 5:21am | Edited 5:26am
Quoting Gumrai
I didn't trade the first signal after the FF open, same as you. (Ist vertical line on chart)
I didn't take the signal after the london open, because the stoch had not visited +80
The stoch can't see a line in the sand that say's "nah.....you didn't go over 80 so you're not overbought!!'

That's the reason I dig my heels into the sand when people try to pin me down to absolute numbers with the stoch.....it doesn't always work that way. Just a quick flick over to the M15 chart showed that the stoch there was right up against that line, and a divergence was present......and the 1.3000 barrier existed, which was almost bang on R2......and m5 and m15 stochs both falling......and Matrix all red......and m5 arrow present.......and m15 arrow trying to form......and 5ema turned over............got to be worth a 15 pip risk wouldn't you say?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,812
  • Nov 27, 2012 5:32am Nov 27, 2012 5:32am
Quoting frenetic
Don't worry,the market will keep on moving and another chances will come .

If I was you,I would do the same with EU but EJ,if you look at the left of the chart,daily pivot is not a strong R/S level because it has been broken through a few times since the beginning of the new day so if you moved you SL to breakeven or BE + 5,I think you could get more pips. But pips is pips and the past is the past . Congrats with EU and EJ trades.
good piont with ej trade. thaks
  • #7,813
  • Nov 27, 2012 5:36am Nov 27, 2012 5:36am
Quoting realjumper
Well of course you have to choose what's best for you, but if you are fairly new to trading, I would not recommend trading GBP/USD because it can seem to go one way, and it can snap back the other quite quickly. It's not known for it's nice smooth trends.

USD/CHF is a waste of time because it is almost a perfect opposite of EUR/USD, so you'd be better off just trading EUR/USD.

These two major Euro crosses are good..... EUR/JPY, EUR/AUD.....they usually are quite smooth and work well. As you are in Spain, I would try one of the above two to start...
Thanks for your answer, I will try with EUR/JPY. I work with Alpari Uk and EUR/AUD is very expensive.
  • #7,814
  • Nov 27, 2012 6:12am Nov 27, 2012 6:12am
RJ, there's couple thinks i'd like to learn about that EU short trade, was the forming of that 15m arrow the decisive point why you took that trade i.e. why the second and not the first one which I think has stochs better lined up?
And do you have some rules for signals like that when the signal candle is on top of the pivot line? Is it all good as long as it's few pips on the right side of it?
  • #7,815
  • Nov 27, 2012 6:27am Nov 27, 2012 6:27am
Quoting realjumper
The stoch can't see a line in the sand that say's "nah.....you didn't go over 80 so you're not overbought!!'

That's the reason I dig my heels into the sand when people try to pin me down to absolute numbers with the stoch.....it doesn't always work that way. Just a quick flick over to the M15 chart showed that the stoch there was right up against that line, and a divergence was present......and the 1.3000 barrier existed, which was almost bang on R2......and m5 and m15 stochs both falling......and Matrix all red......and m5 arrow present.......and...
That's great. I think that you will find that most people consider the stoch "overbought" level to be above 80. I think that this has been repeated many times in this thread.
I have allowed the fact that stoch has not moved into + 80 or -20 keep me out of trades.
From now on I will use my own discretion for entering trades and will use the slope of the stoch to help me.
Thanks for making that clear
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  • #7,816
  • Nov 27, 2012 6:33am Nov 27, 2012 6:33am
Quoting profitpips
RJ, there's couple thinks i'd like to learn about that EU short trade, was the forming of that 15m arrow the decisive point why you took that trade i.e. why the second and not the first one which I think has stochs better lined up?
And do you have some rules for signals like that when the signal candle is on top of the pivot line? Is it all good as long as it's few pips on the right side of it?
The 15m arrow certainly gave weight to the entry reason, but it wasn't the deciding factor.

No, the first one wasn't as good because the Matrix was only all red for 2, 5 minute periods. The first 'all red' was a reasonable entry, but if you look at the candles, it could have been a minor pullback before continuing up, as it had done all day. So, better to wait to see what the next candle does. The next candle was a micky mouse little candle, and by now, the stoch is on the floor and showing signs of turning up.......could this be a typcal Frankie fake out???.......could be, so I will wait and see. Now the Matrix doesn't support a short entry any more, neither does stoch, and neither does candles. Perhaps the PA is going to go up after all.

Send signal, after London open I have already described.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,817
  • Edited 6:39am Nov 27, 2012 6:36am | Edited 6:39am
Quoting Gumrai
That's great. I think that you will find that most people consider the stoch "overbought" level to be above 80. I think that this has been repeated many times in this thread.
I have allowed the fact that stoch has not moved into + 80 or -20 keep me out of trades.
From now on I will use my own discretion for entering trades and will use the slope of the stoch to help me.
Thanks for making that clear
I don't care what 'most people consider'......I have said this time and time again until I'm blue in the face.....the stochastic indicator IS NOT a simple overbought/oversold indicator....if it was, we would have it in the Matrix as a yes/no, red/white, oversold/overbought indicator.....it IS NOT an oversold/overbought indicator....I have repeated this many times in this thread.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,818
  • Nov 27, 2012 6:53am Nov 27, 2012 6:53am
Here's a trade on EU. The stoch has not crossed the line, but there is a trade opportunity here on the candle after the red line. I have taken the arrows and pivots away for the purpose of this little demonstration. Would you enter this trade? I would, because everything is looking good including the cheap SL. All the reasons to enter are there, but the stoch didn't cross the line........or did it? It sure did a few candles back, and there is a divergence in existence too. The cheap SL makes this worth entering.......and if you didn't enter, well, you missed out on a 480 pip straight drop.....this is an H4 chart!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 260 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,819
  • Nov 27, 2012 6:58am Nov 27, 2012 6:58am
Quoting realjumper
No, the first one wasn't as good because the Matrix was only all red for 2, 5 minute periods. The first 'all red' was a reasonable entry, but if you look at the candles, it could have been a minor pullback before continuing up, as it had done all day. So, better to wait to see what the next candle does. The next candle was a micky mouse little candle, and by now, the stoch is on the floor and showing signs of turning up.......could this be a typcal Frankie fake out???.......could be, so I will wait and see. Now the Matrix doesn't support a short...
Ok, I understand the idea now.
What do you think about the R1 or other pivot level being so close to entry point like you had 5 pips between entry and R1, don't you fear that it will just stall on top of it like it often does?
  • #7,820
  • Nov 27, 2012 7:03am Nov 27, 2012 7:03am
Quoting profitpips
Ok, I understand the idea now.
What do you think about the R1 or other pivot level being so close to entry point like you had 5 pips between entry and R1, don't you fear that it will just stall on top of it like it often does?
My entry was under R1, not on top of it
Doing what you like is Freedom. Liking what you do is Happiness.
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