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Genesis Matrix Trading

  • #8,561
  • Jan 13, 2013 6:06am Jan 13, 2013 6:06am
Quoting wiz3003
Hi Oli, Good to see you back...happy 2013.
Cheers Wiz & likewise.
Re one of your previous post: http://www.forexfactory.com/showthre...85#post6347685
I'm sure many will have learnt a lot from it so thanks for all your explanations/details.
I'm just going to add a little something regarding Money Management combined with Risk/Reward when opening more than 1 trade going in the same direction (as you did with Short Units 1 + 2). When I do that (adding a 2nd Unit) I will try to make sure that the M5 PA is as close to perfect as possible & I will often wait until after a new Genesis signal appears because being caught the wrong way with 2 trades is never healthy for the bank balance lol
On this occasion you did exactly that but I wonder how many spotted the reasons why you might have entered only 3-4 bars after the Genesis signal?
The HA candles don't show it very well but:
1) not only did you wait for a Lower Low below the recent 10 hours consolidation at 3096 (a must)
2) but you also waited for a Lower M5 Close at 3099 for extra confirmation (a must must for me on adding a 2nd unit)
...and the trade paid off handsomely ....
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  • #8,562
  • Jan 13, 2013 9:00am Jan 13, 2013 9:00am
Quoting olivierforex
Cheers Wiz & likewise.
Re one of your previous post: http://www.forexfactory.com/showthre...85#post6347685
I'm sure many will have learnt a lot from it so thanks for all your explanations/details.
I'm just going to add a little something regarding Money Management combined with Risk/Reward when opening more than 1 trade going in the same direction (as you did with Short Units 1 + 2). When I do that (adding a 2nd Unit) I will try to make sure that the M5 PA is as close to perfect as possible & I will often wait until after...

eh eh eh ... I have been waiting for someone asking me that lol. You deserve all your 5 vouchers.
Let me add that I entered unit1 according to my risk profile while I reduced the amount of unit2 just to be conservative (even because it could be a fake BO).
Thank you

wiz
You control how you trade; the market controls how and when you'll get paid
  • #8,563
  • Jan 13, 2013 11:29am Jan 13, 2013 11:29am
Quoting iwan73
Thanks a lot Artem
Here it is. You are welcome, Iwan! ))
Hope it hepls. If it's still not clear, feel free to ask me (please, take a note that English is not my mother tongue too )
Attached File(s)
File Type: xlsx Trading Rules template (eng.).xlsx   17 KB | 1,188 downloads
Let's go with the flow
  • #8,564
  • Jan 13, 2013 1:36pm Jan 13, 2013 1:36pm
Quoting artem_t
Here it is. You are welcome, Iwan! ))
Hope it hepls. If it's still not clear, feel free to ask me (please, take a note that English is not my mother tongue too )
Thank you Artem this is great

Barron
  • #8,565
  • Jan 13, 2013 5:39pm Jan 13, 2013 5:39pm
Here it is an EA for moving Sl and/or TP by mouse
Attached File(s)
File Type: ex4 SL-TP_move-by-Mouse.ex4   12 KB | 680 downloads
  • #8,566
  • Jan 13, 2013 10:02pm Jan 13, 2013 10:02pm
Quoting eltax100
Thank you Artem this is great

Barron
You're welcome, Barron!
Let's go with the flow
  • #8,567
  • Jan 13, 2013 11:47pm Jan 13, 2013 11:47pm
Quoting AndrewG
Hi peeps~

I've been following this thread since it was started and have gone through all the posts (bar my poor memory), and I must admit it is the most amazing system I have seen and followed before. It has been a couple of busy months..and finally I have the time to join in the discussions in this thread! Anyways..thanks to all (you know who you are ) those who developed and shared this system for free, so that we may rob some pips from the market!

Below are two trades that I have taken yesterday, one a loss and one a winner....
Hello, Andrew!
I'm not sure it's correct me to tell, cause I'm also joined this thread just recently.. but: welcome on board
Wish you good luck with this incredible system and in trading generally!

My few cents about your recent trades (please, don't forget that I'm not a pro of Genesis - just learning it):
AJ trade - I personally wouldn't take it because in my opinion M15 stoch wasn't in the best position. Even if I took it, I wouldn't waited until my SL get hit, but closed it manually and opened long right on the next buy signal (as you have also noted).
GU - very nice trade, but (again, personally) I would have entered a bit later after the next signal for two reasons: 1) at that moment I was holding my previous short position and my SL (above last high) wasn't hit yet; 2) M15 stochastic still has been lying in OS zone. I would have taken the next signal, when price showed a higher low, my SL got hit and M15 stoch started to leave OS zone (I didn't take this trade anyway because I had to go out of my PC at that moment).

Have a nice and profitable week! ))
Let's go with the flow
  • #8,568
  • Jan 14, 2013 2:08am Jan 14, 2013 2:08am
first Genesis trade of the week and a winner
Attached Image
  • #8,569
  • Jan 14, 2013 2:09am Jan 14, 2013 2:09am
Wow!
What a way to start a Monday morning. EJ is on fire!!!!!
.... laughing all the way to the bank
  • #8,570
  • Edited 5:59am Jan 14, 2013 2:23am | Edited 5:59am
Quoting eltax100
first Genesis trade of the week and a winner
Quoting itsallover
Wow!
What a way to start a Monday morning. EJ is on fire!!!!!
My congratulations to you! Wish you to have all the week at the same way! ))

P.S. I'm in eu trade - keep holding...

Edit: Stopped at +16.
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Let's go with the flow
  • #8,571
  • Jan 14, 2013 2:29am Jan 14, 2013 2:29am
Quoting artem_t
My congratulations to you! Wish you to have all the week at the same way! ))

P.S. I'm in eu trade - keep holding...
Thanx artem


Lets get them green pips!
.... laughing all the way to the bank
  • #8,572
  • Jan 14, 2013 2:50am Jan 14, 2013 2:50am
Quoting itsallover
Wow!
What a way to start a Monday morning. EJ is on fire!!!!!
Phew! Managed to grab 30 pips before PA decided to change course. Hope to re-enter
.... laughing all the way to the bank
  • #8,573
  • Jan 14, 2013 3:12am Jan 14, 2013 3:12am
I am off for the day, could this be a heads up ? showing some divergence ?

Just realised my MT4 has frozen !! that candle was 15mins ago
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  • #8,574
  • Jan 14, 2013 3:51am Jan 14, 2013 3:51am
Quoting artem_t
Hello, Andrew!
I'm not sure it's correct me to tell, cause I'm also joined this thread just recently.. but: welcome on board
Wish you good luck with this incredible system and in trading generally!

My few cents about your recent trades (please, don't forget that I'm not a pro of Genesis - just learning it):
AJ trade - I personally wouldn't take it because in my opinion M15 stoch wasn't in the best position. Even if I took it, I wouldn't waited until my SL get hit, but closed it manually and opened long right on the next buy signal (as you...
Hi artem! Thanks for the welcome =)

No worries..neither am I, am still learning it All comments and opinions are part of the learning process!

AJ trade - yup agree with u it was not a HPT..i was actually trading the breakout of the consolidation along with matrix signal and M5 stoch. I too noticed that the PA reversed and touched my trend line, hence I held on a little longer to see if it bounces off and continues to go down. But oh well..lesson learnt. Should've gotten out when the PA didnt seem to move for about 10 minutes or so just below the trend line.

GU - M15 stoch was starting to point up at the time I took the trade..it just happened to flatten when the M15 candle closed =X but of course the signal after that was much better!

Thanks so much for your input Cheers
  • #8,575
  • Edited 7:14am Jan 14, 2013 6:49am | Edited 7:14am
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Was introduced to this thread by a well-wisher last night. Took this trade after break of Daily Pivot: Matrix was all systems go and running, stochastics showed divergence. Even with a slight late entry and going well against the main prevailing trend, in 35 pips profit so far. Will target Daily S1. Hats off to the team! Am in the process of re-reading the thread, is full of educational material.

PS: the vertcal line is off a bit to the left (that was when I noticed the set up), so is the check sign. Trade was taken after break of DP.
What the mind does not know, the eyes cannot see
  • #8,576
  • Jan 14, 2013 7:17am Jan 14, 2013 7:17am
Quoting padila
Attachment

Was introduced to this thread by a well-wisher last night. Took this trade after break of Daily Pivot: Matrix was all systems go and running, stochastics showed divergence. Even with a slight late entry and going well against the main prevailing trend, in 35 pips profit so far. Will target Daily S1. Hats off to the team! Am in the process of re-reading the thread, is full of educational material.

PS: the vertcal line is off a bit to the left (that was when I noticed the set up), so is the check sign. Trade was taken...

Hi Padila, Just check your TF's as you have two of the same period stochs in your chart. We normally use the M5 chart which will then give you the different stochs for M5 and M15, or you can just modify the M15 stoch for a higher TF as it is currently not serving a purpose.

Good luck with your trades.
  • #8,577
  • Jan 14, 2013 7:20am Jan 14, 2013 7:20am
Quoting fbrand79
Hi Padila, Just check your TF's as you have two of the same period stochs in your chart. We normally use the M5 chart which will then give you the different stochs for M5 and M15, or you can just modify the M15 stoch for a higher TF as it is currently not serving a purpose.

Good luck with your trades.
Thanks fbrand79, noticed that after I took the screen-cap. Best wishes.
What the mind does not know, the eyes cannot see
  • #8,578
  • Jan 14, 2013 9:51am Jan 14, 2013 9:51am
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AUD had a 20 pip move from Daily Pivot to S1 this morning.
What the mind does not know, the eyes cannot see
  • #8,579
  • Edited 9:08pm Jan 14, 2013 8:56pm | Edited 9:08pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
sometimes mucking about during Asian times is valuable even when you don't know the news that moved price -- +30pips and Genesis was there first.
(Yes, above the pivot I know.......) It is something some Japanese guy said now +80 Holy smoke!!!
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  • #8,580
  • Jan 15, 2013 12:56am Jan 15, 2013 12:56am
Congrats Jamz !!

"some japanese guy" - I love it.

The Economy minister Amari said an excessively weak Yen, was not necessarily good for the economy, and has negative effects.

Just grabbed 31 pips myself - Thankyou Mr Amari !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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