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Genesis Matrix Trading

  • #10,501
  • Mar 7, 2013 12:54am Mar 7, 2013 12:54am
Quoting realjumper
My servers time is wrong as well, so I do my charting on a demo account of a different broker who has it spot on
I already have a demo account for genesis, since my broker doesn't support metatrader which sucks, actually, only using a laptop to open/close positions which I decide to do by looking at my big screen with the genesis charts setup on mt4...

On a more related topic, I'm kind of worried about this whole EU thing, I mean it just seems way too good to be true m5-h1 stoch are OB (ofc not taking it as a signal but as a "reversal might happen at any moment" warning), theres a BRN, a DP... just seems too easy I'm just going to patiently wait until something happens, trying to plan eventual short scenarios but also minding long ones as well...
  • #10,502
  • Mar 7, 2013 12:55am Mar 7, 2013 12:55am
Quoting realjumper
Indeed they do....and they use that stupid Sunday candle
Yep.. I have left FXCM because of that Sunday candle !!
Imparo ancora
  • #10,503
  • Mar 7, 2013 12:56am Mar 7, 2013 12:56am
Quoting WDays
I already have a demo account for genesis, since my broker doesn't support metatrader which sucks, actually, only using a laptop to open/close positions which I decide to do by looking at my big screen with the genesis charts setup on mt4...

On a more related topic, I'm kind of worried about this whole EU thing, I mean it just seems way too good to be true m5-h1 stoch are OB (ofc not taking it as a signal but as a "reversal might happen at any moment" warning), theres a BRN, a DP... just seems too easy I'm just going to patiently wait...
Well it would be easy to make a case for longs or shorts on EU......best just to wait and see which way this thing goes. It might just mess about until NFP....no one knows
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,504
  • Mar 7, 2013 1:01am Mar 7, 2013 1:01am
Quoting realjumper
Well it would be easy to make a case for longs or shorts on EU......best just to wait and see which way this thing goes. It might just mess about until NFP....no one knows
This is probably going to turn around and bite me on the ass, but I noticed a resistance had been holding, so I decided to give it a go... Entered based on the genesis signal because everything seemed to align, will be mindful of news. TP is at S1, SL is above DP (my DP.) Hopefully market open momentum would make it go my way and not just range all day around this area
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  • #10,505
  • Mar 7, 2013 1:03am Mar 7, 2013 1:03am
Quoting WDays
This is probably going to turn around and bite me on the ass, but I noticed a resistance had been holding, so I decided to give it a go... Entered based on the genesis signal because everything seemed to align, will be mindful of news. TP is at S1, SL is above DP (my DP.) Hopefully market open momentum would make it go my way and not just range all day around this area
It's a cheap SL.....good luck
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,506
  • Mar 7, 2013 1:05am Mar 7, 2013 1:05am
Realjumper not sure if you missed my post but I asked
Quote
How is your experiment on M15 going are you still on it or gone back to M5?
thats if you care to share of course.
  • #10,507
  • Mar 7, 2013 1:07am Mar 7, 2013 1:07am
Quoting realjumper
It's a cheap SL.....good luck
Thank you. GU follows, seems high probability enough since I'm getting short signals on two highly correlated pairs, am below a resistance cluster etc.
  • #10,508
  • Mar 7, 2013 1:12am Mar 7, 2013 1:12am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
My take on BRNs and DPs when momentum is slow is that they are magnetic to PA. I will wait now for better PA and stochs moving from some direction and in different timeframes too rather than risk money on maybe trades. Getting my account to grow needs most of my "good idea" trades to go to the dustbin!!!
  • #10,509
  • Mar 7, 2013 1:14am Mar 7, 2013 1:14am
Quoting lastingwell
Realjumper not sure if you missed my post but I asked thats if you care to share of course.
Oh sorry....I didn't see your post. I'm going to keep the test going until the end of next week then it will be 4 weeks. So far it seems to be a 'swings and roundabouts' thing......the bad is that some of the trades are a little bit late in entry on M15 compared to M5. The good side of the ledger is that it's easier to stay in a trade and ride out the small pullbacks, that on an M5 might cause the user to exit prematurely. Of course some of the SL's are bigger on the M15, but the R:R is easier to see in advance.

I think in the end the total pips gained/lost on M15 will be comparable to M5, but M15 is certainly easier from a trade management point of view. I'll spend some time next weekend and see if I can do a proper comparison once the 4 weeks are up.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,510
  • Mar 7, 2013 1:33am Mar 7, 2013 1:33am
Quoting WDays
This is probably going to turn around and bite me on the ass, but I noticed a resistance had been holding, so I decided to give it a go... Entered based on the genesis signal because everything seemed to align, will be mindful of news. TP is at S1, SL is above DP (my DP.) Hopefully market open momentum would make it go my way and not just range all day around this area
My trade's in profit, got m15 arrows, GU dropping as well (kinda regret i didnt take a short there too) and genesis painting red signals. Looks good to me for now... im looking at DP but being aware of 2965, as that's the previous swing low on h1.
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  • #10,511
  • Mar 7, 2013 1:42am Mar 7, 2013 1:42am
Quoting WDays
My trade's in profit, got m15 arrows, GU dropping as well (kinda regret i didnt take a short there too) and genesis painting red signals. Looks good to me for now... im looking at DP but being aware of 2965, as that's the previous swing low on h1.
So far so good.....I hope London doesn't undo Frankie's work
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,512
  • Mar 7, 2013 1:54am Mar 7, 2013 1:54am
Quoting realjumper
So far so good.....I hope London doesn't undo Frankie's work
hnng I hate the pre-london market scares the heck out of me and makes me feel like I'm gambling... I'm struggling to make myself stay in the trade right now, being as noob as I am.
  • #10,513
  • Mar 7, 2013 1:58am Mar 7, 2013 1:58am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I haven't seen this happen before....even Genesis is undecided.
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  • #10,514
  • Mar 7, 2013 2:01am Mar 7, 2013 2:01am
Quoting Jamz
I haven't seen this happen before....even Genesis is undecided.
Hello, Jamz!

There is nothing wrong with it. Just check H1 TF.
Let's go with the flow
  • #10,515
  • Mar 7, 2013 2:03am Mar 7, 2013 2:03am
Quoting Jamz
I haven't seen this happen before....even Genesis is undecided.
Truly wonderful I just got long signals everywhere thats definitely not the thing that helps right now

on the bright side no resistance is yet broken and if it holds here, right now, that would be the first strong momentum driven retest this morning... fingers crossed :o

edit: sl'd
  • #10,516
  • Mar 7, 2013 2:13am Mar 7, 2013 2:13am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting artem_t
Hello, Jamz!

There is nothing wrong with it. Just check H1 TF.
Cheers, Artem, yes the hourly arrow, now the M15 too, like cupids about somewhere....
  • #10,517
  • Mar 7, 2013 2:23am Mar 7, 2013 2:23am
Quoting Jamz
Cheers, Artem, yes the hourly arrow, now the M15 too, like cupids about somewhere....


.... I can just picture him with his little wings
.... laughing all the way to the bank
  • #10,518
  • Mar 7, 2013 2:39am Mar 7, 2013 2:39am
Umm sorry for asking this, but would one of you mind explaining to me what drove EU to rally like this?

I think I misinterpreted the h1 spinning tops and dojis and disregarded the arrow signal that I got on both h1 and m5, which were the cause of me losing more than I should have, had I cut my losses short as soon as the first line of resistance was broken (which would have been ~7 pips spread included) instead of it being 15... But what I don't understand is what made EU rally? Was it simply sentiment + momentum from london, or is there anything else that I have missed?
  • #10,519
  • Mar 7, 2013 2:49am Mar 7, 2013 2:49am
Quoting WDays
Umm sorry for asking this, but would one of you mind explaining to me what drove EU to rally like this?

I think I misinterpreted the h1 spinning tops and dojis and disregarded the arrow signal that I got on both h1 and m5, which were the cause of me losing more than I should have, had I cut my losses short as soon as the first line of resistance was broken (which would have been ~7 pips spread included) instead of it being 15... But what I don't understand is what made EU rally? Was it simply sentiment + momentum from london, or is...
It could have been any number of things.....if I had a dollar for every time I have seen that happen I wouldn't need to trade!!!

I don't care about spinning tops and dojis and other nonsense on these low timeframes....that's why the system uses HA candles. Those Japanese candles and formations etc are more suited to much larger charts.....and.....again.....those things instil a bias in you, especially on these small timeframes.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,520
  • Mar 7, 2013 2:52am Mar 7, 2013 2:52am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting WDays
Umm sorry for asking this, but would one of you mind explaining to me what drove EU to rally like this?

I think I misinterpreted the h1 spinning tops and dojis and disregarded the arrow signal that I got on both h1 and m5, which were the cause of me losing more than I should have, had I cut my losses short as soon as the first line of resistance was broken (which would have been ~7 pips spread included) instead of it being 15... But what I don't understand is what made EU rally? Was it simply sentiment + momentum from london, or is...
Certainly, momentum comes from London opening. It took me a while to just follow Genesis rules. I didn't like dropping everything I knew! Now I simply follow Genesis but slowly can apply knowledge learned before in subtle ways. I am no fundamentalist so what moved it I don't know....
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