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Genesis Matrix Trading

  • #8,821
  • Edited 7:10am Jan 22, 2013 5:29am | Edited 7:10am
Quoting krutoj
Hello RJ,
thanks for posting your's trade it have high education value. Can you please be so kind and share magenta indicator with 3 arrows (15 m) what I have markt on picture bellow. Thanks a lot
krutoj
Ref: Post #1

http://www.forexfactory.com/showthre...23#post5969623

http://www.forexfactory.com/showthre...29#post6137829

Look out for #MTF Arrow 2.01 and # MTF Arrow 3.00

(RJ, hope I am not overstepping my boundary by answering this question?)
What the mind does not know, the eyes cannot see
  • #8,822
  • Jan 22, 2013 5:32am Jan 22, 2013 5:32am
thank you very much
  • #8,823
  • Jan 22, 2013 5:36am Jan 22, 2013 5:36am
Quoting padila
Thanks for the reply, RJ. As you can see I am very new to this thread. I am in the process of going through the pages and seing a few trades unfold in real time on a demo account. I have to say Genesis has made a real difference to my understading of trading (by no means I can say that I have understood it all). I like the educational approach here and the way this thread is co-ordinated. Thanks to you and to the team.
It's no problem.....we have a pretty good and experienced team here and we all want you to take the banks money!!

The biggest problem I see, and I see it all the time and I was once guilty of this too, is that people want and expect to make large amounts of money doing this right from the start.....and it just isn't possible.

We are dealing with large banks......central banks......massive hedge funds etc etc and they all have information that we get last!! So they not only have that advantage, but they also have some hugely experienced and trained people working for them, and they are dealing with market moving amounts of money......so much money that it would make your eyes water!! So who are we to think that we can just download MT4, throw a few dollars at a broker and make massive amounts of money?? Absurd isn't it?

Any skill or trade, no matter whether it is as a welder, brain surgeon, pilot, accountant, computer technician etc etc etc....AND bankers etc.....all spend years learning their trade and gaining their qualifications and skills. Again....who are we to think that we can download MT4 and throw a few dollars at a broker and make our fortune???

Crazy isn't it?

We have a lot to learn before we can be consistently profitable....and it takes patience and a good system, as well as a good dose of humility.

Just because a trader can make 100pips most days, doesn't mean that you can.....yet. If you can make 20 pips per day on a regular basis, you are on your way!! Patience is the key
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,824
  • Jan 22, 2013 5:37am Jan 22, 2013 5:37am
Quoting krutoj
thank you very much
Welcome
What the mind does not know, the eyes cannot see
  • #8,825
  • Jan 22, 2013 5:38am Jan 22, 2013 5:38am
Quoting padila
(RJ, hope I am not overstepping my boundary by answering this question?)
No problem....I didn't see the question so thanks for your help
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,826
  • Jan 22, 2013 5:39am Jan 22, 2013 5:39am
Quoting realjumper
It's no problem.....we have a pretty good and experienced team here and we all want you to take the banks money!!

The biggest problem I see, and I see it all the time and I was once guilty of this too, is that people want and expect to make large amounts of money doing this right from the start.....and it just isn't possible.

We are dealing with large banks......central banks......massive hedge funds etc etc and they all have information that we get last!! So they not only have that advantage, but they also have some hugely experienced and...
Absolutely.
What the mind does not know, the eyes cannot see
  • #8,827
  • Jan 22, 2013 6:24am Jan 22, 2013 6:24am
It's been a good day for me today....much, much better than yesterdays rubbish. Mind you, if I had stayed for NY session yesterday I would have been ok, but I was too tired. Anyway, todays action makes up for that. I'm going to have one more coffee and then call it a day. No point in being greedy and sitting up any longer....tomorrow is going to be sunny so I intend to take advantage of that. I don't see much on the news front for the NY session apart from Draghi yappin a bit later, so good luck and green pips to you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,828
  • Jan 22, 2013 10:43am Jan 22, 2013 10:43am
Quoting realjumper
I'm just about done for the day, I might not even bother with NY session today as daily target is already reached. However, after reading back on our thread I came across the Currency Strength Meter. Henry Liu has a similar one on his website that runs for the desktop, but this one runs from MT4.

As you can see on the screenshot, it lists the strongest currency at the top and the weakest at the bottom. So, in the attached example, you would want to be trading JPY against GPB (which I did hee hee hee), but you would not want to be trading 2 strong...

Regarding the Strength Meter, between the EUR/JPY and GBP/JPY trades (entries marked by vertical lines) the EUR/JPY was the better one as JPY was the strongest and EUR was the weakest currency. Whereas for the GBP/JPY trade, JPY and GBP were both strong. I did not trade the pairs, but watched them unfold. The Currency Strength Meter is a fantastic idea. Will keep an eye in future. RJ/Marty or anyone who uses this, any suggestions for improvement or can it it be used in its present form effectively?

Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 21 KB


Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 22 KB
What the mind does not know, the eyes cannot see
  • #8,829
  • Jan 22, 2013 11:33am Jan 22, 2013 11:33am
Quoting padila
Regarding the Strength Meter, between the EUR/JPY and GBP/JPY trades (entries marked by vertical lines) the EUR/JPY was the better one as JPY was the strongest and EUR was the weakest currency. Whereas for the GBP/JPY trade, JPY and GBP were both strong. I did not trade the pairs, but watched them unfold. The Currency Strength Meter is a fantastic idea. Will keep an eye in future. RJ/Marty or anyone who uses this, any suggestions for improvement or can it it be used in its present form effectively?

Attachment

Attachment ...
Be careful trying to look backward at entries. Your entries are 10 candles ago, yet the CSM is showing data for the current candles. These values jump around a bit.
Follow the money --Mark Felt (Deepthroat)
  • #8,830
  • Jan 22, 2013 11:36am Jan 22, 2013 11:36am
Quoting longfellow
Be careful trying to look backward at entries. Your entries are 10 candles ago, yet the CSM is showing data for the current candles. These values jump around a bit.
I know what you mean, but even at the time, the positions were not vastly different. I took the screen-caps, but found time to post at a later time. I understand your point though. Thanks.
What the mind does not know, the eyes cannot see
  • #8,831
  • Jan 22, 2013 3:56pm Jan 22, 2013 3:56pm
Quoting padila
Regarding the Strength Meter, between the EUR/JPY and GBP/JPY trades (entries marked by vertical lines) the EUR/JPY was the better one as JPY was the strongest and EUR was the weakest currency. Whereas for the GBP/JPY trade, JPY and GBP were both strong. I did not trade the pairs, but watched them unfold. The Currency Strength Meter is a fantastic idea. Will keep an eye in future. RJ/Marty or anyone who uses this, any suggestions for improvement or can it it be used in its present form effectively?

Attachment

Attachment ...
I think it's fine as it is...it's really there as a 'heads up' of a good pair or a 'warning' of a poor pair to trade. The Yen was strong all through the Frankie/London sessions ( I didn't see the NY session) and the EUR was weak for most of the session. Once we know that, it's a heads up that if a trade happens along on EJ, it might be well worth an entry. Spend some time practicing with it and see if it suits the way you trade
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,832
  • Jan 22, 2013 5:21pm Jan 22, 2013 5:21pm
Quoting realjumper
I think it's fine as it is...it's really there as a 'heads up' of a good pair or a 'warning' of a poor pair to trade. The Yen was strong all through the Frankie/London sessions ( I didn't see the NY session) and the EUR was weak for most of the session. Once we know that, it's a heads up that if a trade happens along on EJ, it might be well worth an entry. Spend some time practicing with it and see if it suits the way you trade
I understand. Will keep an eye for the next few days. Added the window to the charts. Thanks and best wishes.
What the mind does not know, the eyes cannot see
  • #8,833
  • Jan 22, 2013 5:50pm Jan 22, 2013 5:50pm
For those trading this session, keep an eye on the Aussie CPI coming in about 40 minutes......it might move AU and the Kiwi (NU)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,834
  • Jan 23, 2013 1:18am Jan 23, 2013 1:18am
Have installed currency strength meter as i would any other indy, not getting indy to work, nothing coming up...just wondering do i need to have all currency pairs open that make up csm? help appreciated thanks...








Quoting realjumper
I'm just about done for the day, I might not even bother with NY session today as daily target is already reached. However, after reading back on our thread I came across the Currency Strength Meter. Henry Liu has a similar one on his website that runs for the desktop, but this one runs from MT4.

As you can see on the screenshot, it lists the strongest currency at the top and the weakest at the bottom. So, in the attached example, you would want to be trading JPY against GPB (which I did hee hee hee), but you would not want to be trading 2 strong...
  • #8,835
  • Jan 23, 2013 1:24am Jan 23, 2013 1:24am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting robybarletta
Have installed currency strength meter as i would any other indy, not getting indy to work, nothing coming up...just wondering do i need to have all currency pairs open that make up csm? help appreciated thanks...
Hi there Roby, did you input 35 35 False?
  • #8,836
  • Jan 23, 2013 1:29am Jan 23, 2013 1:29am
hi, yes i have put those settings..could it be number of digits....using smartlive and its a 5 digit broker...ie eurusd 1.32990


cheers


Quoting Jamz
Hi there Roby, did you input 35 35 False?
  • #8,837
  • Jan 23, 2013 1:32am Jan 23, 2013 1:32am
Quoting robybarletta
hi, yes i have put those settings..could it be number of digits....using smartlive and its a 5 digit broker...ie eurusd 1.32990


cheers
No, you don't need the currency in the indi open to make it run, and number of digits has nothing to do with it. It's just a standard MT4 indi that goes into the 'experts/indicators' folder....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,838
  • Jan 23, 2013 2:09am Jan 23, 2013 2:09am
Quoting robybarletta
hi, yes i have put those settings..could it be number of digits....using smartlive and its a 5 digit broker...ie eurusd 1.32990

cheers
Hi Roby,

Have you tried restarting your platform or better still, restart your computer?

Hope this helps

Pete
  • #8,839
  • Jan 23, 2013 3:53am Jan 23, 2013 3:53am
Damn impressive bounce off 1.5800 by GU, seen as a crucial level.

Long GU entered with Genesis arrows @ open of 8:40

Closing now at R1 + 48

EJ made a beatiful double bottom on M30 & M15 with divergence, with bouce off WS1

EJ rocketing, ?? close + 43

(and yes I entered before full M5 tape - slap across wrists - stochs/setup was too strong)

Very nice patterns this morning

Remember Davos starts today, so may get some action from Lagarde, Monti, Summers,Roubini, & Roggoff speaking today
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #8,840
  • Jan 23, 2013 3:53am Jan 23, 2013 3:53am
got it to work on a different broker..cheers guys
quote=pete123;6386496]Hi Roby,

Have you tried restarting your platform or better still, restart your computer?

Hope this helps

Pete[/quote]
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