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Genesis Matrix Trading

  • #10,661
  • Mar 11, 2013 2:53am Mar 11, 2013 2:53am
Quoting realjumper
There is NO 'signal' to the short side....at all
why do you think so? Because we had a strong downtrend on friday or what?
  • #10,662
  • Mar 11, 2013 3:03am Mar 11, 2013 3:03am
Quoting Ksander
why do you think so? Because we had a strong downtrend on friday or what?
It doesn't matter what I think......there was no signal to the short side at the time you posted.....nothing AT ALL.

When you posted what colour was the Matrix? Was there any M5 or M15 arrows showing? Which way has the trend been going since the market opened?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,663
  • Mar 11, 2013 3:13am Mar 11, 2013 3:13am
Quoting realjumper
It doesn't matter what I think......there was no signal to the short side at the time you posted.....nothing AT ALL.

When you posted what colour was the Matrix? Was there any M5 or M15 arrows showing? Which way has the trend been going since the market opened?
I say that a signal only formed. but not yet fully be accurate

I say about this
Attached Image
  • #10,664
  • Mar 11, 2013 3:15am Mar 11, 2013 3:15am
Quoting Ksander
I say that a signal only formed.

I say about this
No. That's not true. That was after you posted your comment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,665
  • Mar 11, 2013 3:16am Mar 11, 2013 3:16am
Quoting Ksander
why do you think so? Because we had a strong downtrend on friday or what?
Market was in a sideways trend, I did the mistake of taking a short signal before london open last week and when london opened it reversed after having dropped some 10 pips. Today's pretty much the same, h1 gives you long signals and m5 gives you short signals... I wouldn't trade that setup anymore, personally. :/

Also RJ is right, the first short signal that occurred on the 5 minute EU chart specifically was at 7:30 GMT, which is 30 minutes after Frankfurt open... your post was 20 minutes before FF and at that time, I might be blind, but I can't see a signal.
  • #10,666
  • Mar 11, 2013 3:29am Mar 11, 2013 3:29am
Quoting realjumper
No. That's not true. That was after you posted your comment.
perhaps you understand me wrong, or am I wrong to say (most likely). I meant that the signal only began to form. And then was formed as shown in the screenshot
  • #10,667
  • Mar 11, 2013 3:32am Mar 11, 2013 3:32am
Quoting Ksander
perhaps you understand me wrong, or am I wrong to say (most likely). I meant that the signal only began to form
Alright. Explain to me why you think a signal (to the short side) was forming?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,668
  • Mar 11, 2013 3:45am Mar 11, 2013 3:45am
Quoting realjumper
Alright. Explain to me why you think a signal (to the short side) was forming?
OK.
At position 1 was not so bad position of both Stochs, but it was an asian session. Then we see (yellow circles), that stochs go to overbought (than I said that the signal began to form). And then we see a divergence (although on the M5 it is very weak). And then on pos.2 I entered a trade.

I said that the signal began to form when the stoch M15 go to overbought
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 209 KB
  • #10,669
  • Mar 11, 2013 3:53am Mar 11, 2013 3:53am
Quoting Ksander
OK.
At position 1 was not so bad position of both Stochs, but it was an asian session. Then we see (yellow circles), that stochs go to overbought (than I said that the signal began to form). And then we see a divergence (although on the M5 it is very weak). And then on pos.2 I entered a trade.

I said that the signal began to form when the stoch M15 go to overbought
Well, despite me saying it over and over and over again, you haven't listened to a single thing I've said. That's fine.....I really can not be bothered going through this with you AGAIN and wasting time when I should be trading. Post whatever you want, within the rules of the thread, I will not respond to your posts again......I'm sick of beating my head against the wall.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,670
  • Mar 11, 2013 4:23am Mar 11, 2013 4:23am
Quoting realjumper
Well, despite me saying it over and over and over again, you haven't listened to a single thing I've said. That's fine.....I really can not be bothered going through this with you AGAIN and wasting time when I should be trading. Post whatever you want, within the rules of the thread, I will not respond to your posts again......I'm sick of beating my head against the wall.
Maybe you are right and I can not yet understand the system as it should be. Sorry if forcing you to repeat. I thought that the actions by the rules. can you tell me where I made a mistake (What part of my analysis has malfunctioned and forced to make one mistake after another)
  • #10,671
  • Mar 11, 2013 4:52am Mar 11, 2013 4:52am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Ksander
Maybe you are right and I can not yet understand the system as it should be. Sorry if forcing you to repeat. I thought that the actions by the rules. can you tell me where I made a mistake (What part of my analysis has malfunctioned and forced to make one mistake after another)
You could try here
and remember.......RJ said: I will not respond to your posts again......I'm sick of beating my head against the wall.
  • #10,672
  • Mar 11, 2013 5:33am Mar 11, 2013 5:33am
Not al lot on offer tonight so far.....GU is about the pick of the bunch but that's now being held up at 4900. Must be coffee time......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,673
  • Mar 11, 2013 5:40am Mar 11, 2013 5:40am
Quoting Ksander
Maybe you are right and I can not yet understand the system as it should be. Sorry if forcing you to repeat. I thought that the actions by the rules. can you tell me where I made a mistake (What part of my analysis has malfunctioned and forced to make one mistake after another)
You made your post at 6.50 am GMT. At that time matrix was all green, EU had been making its way up so at the time you made the post about a signal starting to form on EU all that had actually happened was we were nearing a pivot and stochs had started to bend down a little....that doesnt make anywhere near being a signal forming.
  • #10,674
  • Mar 11, 2013 5:40am Mar 11, 2013 5:40am
Another addition/refresher to Stochastic divergences. Maybe it can be of help to some of you. I know every little still helps me, and with enough repetition it will one day stick.
Attached File(s)
File Type: docx Stochastics Made Simple.docx   97 KB | 1,354 downloads
  • #10,675
  • Mar 11, 2013 5:40am Mar 11, 2013 5:40am
Quoting Jamz
You could try here
and remember.......RJ said: I will not respond to your posts again......I'm sick of beating my head against the wall.
Well it seems to me that the signal he took is okay, no (I mean the second one)? Genesis paints a short signal, both m5 and m15 stochs coming out of overbought... there's the arrow and the close below the EMA... Or am I missing something signalwise?

However Ksander,

The problem is when you have decided to take a trade, you need to check with S/R levels and MAs and candles if the entry seems high probability... In this case, at least according to my own eyes, we're in a sideways trend, which can mean a potential shift of direction at any time. So taking trades is risky and it's better to stay flat if you're inexperienced (this is why I'm staying flat all morning so far), and wait for a breakout in some direction. We're coming out of a big downward movement, and price is consolidating because there seems to be short term agreement on price, before traders will start disagreeing on current price levels anew, which will create a new trend. I like having a 12 period SMA and a 60 period SMA on my m5 chart to show me the direction of price, makes it even easier to tell a trending market from a ranging one. Also I've noticed from the charts that you post, that you sometimes take counter-trend signals, which I am not so sure is a good idea at this point (I base this on myself, I don't feel comfortable trading against the bigger tf trend at this point of my experience).
As for the divergence, I don't think it matters that much in a sideways trend, but don't quote me on that.

Sorry to intervene, I know it's not yet my place to give advice to others, considering my experience level, but I merely said things that other, more experienced traders told me and that I interpreted. I'm also sorry if a more experienced trader thinks I'm saying nonsense, in which case please tell me so I remove the post to avoid confusing people.

On a side note, pivots are really far apart, there's 100 pips between DP and DS1, so shouldn't it be harder for a trend to develop because all the orders are usually set around S/R levels? or is that completely off?
  • #10,676
  • Mar 11, 2013 5:51am Mar 11, 2013 5:51am
Quoting WDays
Well it seems to me that the signal he took is okay, no (I mean the second one)? Genesis paints a short signal, both m5 and m15 stochs coming out of overbought... there's the arrow and the close below the EMA... Or am I missing something signalwise?
I think in the same way. Thanks for the advice. acknowledge.
Yes i trу to take all signals (and contr-trend too) in order to learn how i can to filter them.


On GU 1st order take 20p. 2nd in b/e
  • #10,677
  • Mar 11, 2013 5:52am Mar 11, 2013 5:52am
Quoting realjumper
Ok.....this is my first attempt at movie making and I am not much good with multimedia, but try this one out. If it's crap, well...at least I tried!!
8 months dream came true with your own voice.

Thank you so much.
  • #10,678
  • Mar 11, 2013 6:01am Mar 11, 2013 6:01am
Quoting WDays
Well it seems to me that the signal he took is okay, no (I mean the second one)? Genesis paints a short signal, both m5 and m15 stochs coming out of overbought... there's the arrow and the close below the EMA... Or am I missing something signalwise?
You're missing the point. When he stated that a short signal was forming, all he had to go on was the stochastic being fairly high. I am sick and tired of saying that the stochastic is NOT an overbought/oversold indicator. Just because the stoch is high that does not in any way mean that a short trade is imminent. To think that way shows a lack of understanding of the stochastic despite everything that has been said....everything that has been posted and even despite the links on Post #1. I could, but I can not be bothered doing it yet again, post a chart where the stoch is very high, yet the price still goes up 100 pips or more. To start looking for a short just because the stoch is up high is stupid, contrary to everything we have ever spoken about and SETS UP A BIAS......which is NOT what we are about. Yes, he got his short trade in the end.....this time. But to set up a bias based on a high stochastic is stupid and really pisses me off......you've probably noticed!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,679
  • Mar 11, 2013 6:04am Mar 11, 2013 6:04am
Quoting ozgsnr
8 months dream came true with your own voice.

Thank you so much.
No problem
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,680
  • Mar 11, 2013 6:04am Mar 11, 2013 6:04am
Quoting realjumper
You're missing the point. When he stated that a short signal was forming, all he had to go on was the stochastic being fairly high. I am sick and tired of saying that the stochastic is NOT an overbought/oversold indicator. Just because the stoch is high that does not in any way mean that a short trade is imminent. To think that way shows a lack of understanding of the stochastic despite everything that has been said....everything that has been posted and even despite the links on Post #1. I could, but I can not be bothered doing it yet again, post...
Oh my bad, I misunderstood, sorry. I thought he was asking why the trade was bad, nvm what I said then!
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