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Genesis Matrix Trading

  • #10,741
  • Mar 13, 2013 3:32am Mar 13, 2013 3:32am
for today in EU Both stochastic began to fall below 80, that's why I will wait for a signal of the matrix
  • #10,742
  • Mar 13, 2013 3:42am Mar 13, 2013 3:42am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
......some call this "consolidating"......
  • #10,743
  • Mar 13, 2013 4:17am Mar 13, 2013 4:17am
Quoting kwissy
Hi all, I'm a fan of this thread and thanks for RJ coming up with this great system and the team Wiz3003, Ohammond, Cody, Oliverforex, Xaphod for putting up together with this system.

I've been following this thread for a few weeks and has re-read the 5-15 Genesis Strategy and Genesis Summary which is put together by Wiz3003.

I've have just a few questions to clarify regarding this strategy's Entry 2 criteria on this recent EJ chart. As per attached is yesterday's EJ chart and the points of entry starts from London open until 1st half of NY...
Hi kwissy,

If you watch this video tutorial by RJ (from just a few pages back), I'm sure your questions as for point 1 will be answered in full detail.

Quoting realjumper

http://www.youtube.com/watch?v=S-vrp...ature=youtu.be
mind over matter
  • #10,744
  • Mar 13, 2013 4:27am Mar 13, 2013 4:27am
Finally some resemblance of movement on EU. Hovering around +25, hoping to get to S1. The spike on the USD Index looks promising, but there's some news in three hours.

Anyway, green day everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 2eu130313.gif Size: 44 KB
mind over matter
  • #10,745
  • Mar 13, 2013 4:29am Mar 13, 2013 4:29am
For any of you trading GU and any GBP crosses, this piece of news will be interesting:

GBP: New lows on cable on Tuesday, after the industrial production numbers, but by the end of the day all of the post-data losses had been recovered, helped by the generally softer dollar tone. The currency is appearing oversold on weekly charts (14 week RSI), by the most since 2008.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,746
  • Mar 13, 2013 5:36am Mar 13, 2013 5:36am
Quoting kwissy
Hi all, I'm a fan of this thread and thanks for RJ coming up with this great system and the team Wiz3003, Ohammond, Cody, Oliverforex, Xaphod for putting up together with this system.

I've been following this thread for a few weeks and has re-read the 5-15 Genesis Strategy and Genesis Summary which is put together by Wiz3003.

I've have just a few questions to clarify regarding this strategy's Entry 2 criteria on this recent EJ chart. As per attached is yesterday's EJ chart and the points of entry starts from London open until 1st half of NY...
kwissy,

I will try to give you some feedbacks later; for the time being I suggest you to have a look at higer TFs (H1 & H4) just to take the big picture from satelite; try to visualize where price was going from and what is doing now.
We need to put Genesis in the overall contest if we want to leverage it at the maximum.
You control how you trade; the market controls how and when you'll get paid
  • #10,747
  • Mar 13, 2013 5:45am Mar 13, 2013 5:45am
Quoting Martyfish
For any of you trading GU and any GBP crosses, this piece of news will be interesting:

GBP: New lows on cable on Tuesday, after the industrial production numbers, but by the end of the day all of the post-data losses had been recovered, helped by the generally softer dollar tone. The currency is appearing oversold on weekly charts (14 week RSI), by the most since 2008.
I'm short on EG, wanted to take a GJ long but missed it (and it went up 60ish pips) and also on GBPCHF... I checked CSM according to which GBP is very strong as opposed to a weak eur/chf and at the time jpy. So far in profit, will lock b/e very soon. My entry wasn't really good according to genesis rules... but I took it anyway because A) I'm on demo for the day due to testing some things, B) because above my entry there's DS1 and 8700 psycho resistance, and C) because sterling appears to be strong since london open... My biggest concern is that the daily ATR is almost reached, but it can overshoot..right? Anyways, sloppy trade, not HPT at all, I missed the big move and entered late.

Good thing is I think I finally know how to pick my pairs for the day so as to avoid staying flat while opportunities present themselves on other pairs. However I will need to "practice" trading them and get used to it so as to feel more comfortable seeing the big spreads
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 151 KB
  • #10,748
  • Mar 13, 2013 6:27am Mar 13, 2013 6:27am
Quoting kosmo
Finally some resemblance of movement on EU. Hovering around +25, hoping to get to S1. The spike on the USD Index looks promising, but there's some news in three hours.

Anyway, green day everyone
Quick update of today's trades. EU still open. Went short on EJ as well as the pressure was clearly on the bottom of the range, combined with the MTF M15 and H1 arrows:

EU +47
EJ +33
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3eu130313.gif Size: 44 KB
Click to Enlarge Name: 1ej130313.gif Size: 46 KB
mind over matter
  • #10,749
  • Mar 13, 2013 6:55am Mar 13, 2013 6:55am
Quoting Martyfish
For any of you trading GU and any GBP crosses, this piece of news will be interesting:

GBP: New lows on cable on Tuesday, after the industrial production numbers, but by the end of the day all of the post-data losses had been recovered, helped by the generally softer dollar tone. The currency is appearing oversold on weekly charts (14 week RSI), by the most since 2008.
Marty, thanks for keeping us informed.
mind over matter
  • #10,750
  • Mar 13, 2013 7:16am Mar 13, 2013 7:16am
I entered longs on jpy crosses... Currently in profit on all 3.

God I dont like HA I can't enter at a good price because of the smoothing for some reason, costs me 2-3 pips... Would I do bad if I just went back to regular candles, RJ? ( I mean I'm not looking at them for anything else than to take the lowest price (for a long) or the highest (for a short), I promise not to get biased anymore!

P.S: I also took profit off EG, got 10 pips off it but didn't feel like waiting anymore
Attached Image (click to enlarge)
Click to Enlarge Name: jpy longs.jpg Size: 384 KB
  • #10,751
  • Mar 13, 2013 7:22am Mar 13, 2013 7:22am
Quoting WDays
I entered longs on jpy crosses... Currently in profit on all 3.

God I dont like HA I can't enter at a good price because of the smoothing for some reason, costs me 2-3 pips... Would I do bad if I just went back to regular candles, RJ? ( I mean I'm not looking at them for anything else than to take the lowest price (for a long) or the highest (for a short), I promise not to get biased anymore!

P.S: I also took profit off EG, got 10 pips off it but didn't feel like waiting anymore
Absolute rubbish. The price is clear to see on the side of your chart.....it's even highlighted for you!!! The ncandles don't give you the price, the scale on the side of the chart does that and it's the same no matter what candles, or bars or even a line graph
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,752
  • Mar 13, 2013 7:25am Mar 13, 2013 7:25am
Thank you Lastingwell for your analysis. For the pivot point levels, I think different broker using different timezone timing will affect the pivot levels as compared to yours because if broker A is using GMT+1 time zone, daily bar is +1hr later than broker B which is using GMT+0 time zone. Trade 2 has the HPT than the rest due to m15 divergence and a HL on HA, noted. Under what circumstances do we enter trade at point 4 since there's no lower high formation or perhaps we might not need the lower high or higher low formation and just trade when m5, m15 stoch in synchronized together with the matrix and PA below EMA???

Thank you kosmo for pointing out the video. I did check out the video before I posted here but I didnt know it was so resemblance to EJ's yesterday's trade, and the shorting part starts all the way back to GMT0000 hrs on my broker side which is in Asian Session. And at point 1, it is a re-entry short which is not a HPT because the m15 stoch has not cleared its direction to go down and hence it was quite a lucky strike for me as I entered short there half an hour after news.

Thank you RJ for putting up this great educational video.

Thank you wiz3003, would really appreciate for your feedback later when you have made your pips today. Focus on trading is more important. I really need some clarifications on the document of 5-15 genesis strategy which you have compiled last time on the entry 2 criteria whether there's a need to also look at m15 stoch position before taking up the trade since it was written to use m15 arrow as filter. And hence it was basically a re-entry trade that has HPT according to your document?

Looking forward for your reply. Cheers and Happy pipping.
  • #10,753
  • Mar 13, 2013 7:34am Mar 13, 2013 7:34am
Quoting realjumper
Absolute rubbish. The price is clear to see on the side of your chart.....it's even highlighted for you!!! The ncandles don't give you the price, the scale on the side of the chart does that and it's the same no matter what candles, or bars or even a line graph
Okay I'm staying true to the template.

Core Retail Sales just made all my trades hit TP, +60 pips for the day, think this has got to be the first time I do that. Umm thanks, genesis team, I guess?
  • #10,754
  • Mar 13, 2013 8:21am Mar 13, 2013 8:21am
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!!

http://www.youtube.com/watch?v=S-vrp...ature=youtu.be
As promised, attached is the text (what RJ is saying on that video). I'm sorry for the typos and for the couple of instances where I couldn't quite hear well.
Attached File(s)
File Type: txt subs.txt   8 KB | 463 downloads
  • #10,755
  • Mar 13, 2013 8:50am Mar 13, 2013 8:50am
UJ long, supported by strong USD Index, higher low after NYO and the MTF M15 arrow up after LO.

+40
Attached Image (click to enlarge)
Click to Enlarge Name: 1uj130313.gif Size: 45 KB
mind over matter
  • #10,756
  • Mar 13, 2013 9:03am Mar 13, 2013 9:03am
Quoting kosmo
UJ long, supported by strong USD Index, higher low after NYO and the MTF M15 arrow up after LO.

+40
Kosmo,
Your trade is very good.
Please explain how to use Index?
  • #10,757
  • Mar 13, 2013 9:07am Mar 13, 2013 9:07am
Quoting kwissy
Thank you kosmo for pointing out the video. I did check out the video before I posted here but I didnt know it was so resemblance to EJ's yesterday's trade... And at point 1, it is a re-entry short which is not a HPT because the m15 stoch has not cleared its direction to go down and hence it was quite a lucky strike for me as I entered short there half an hour after news.
kwissy,

If yesterday's EJ trade wasn't HPT, it was only because there was the DP some 25 pips below (still enough to move your SL to BE though), and NOT because of the M15 stoch which was down all the time since the MTF M15 arrow appeared in the middle of the Asian session.

I suggest you watch the video again, and then again. RJ is very clear about the position and 'play' of the M15 stoch in such re-entry type of trades.
mind over matter
  • #10,758
  • Mar 13, 2013 9:42am Mar 13, 2013 9:42am
Quoting kosmo
kwissy,

If yesterday's EJ trade wasn't HPT, it was only because there was the DP some 25 pips below (still enough to move your SL to BE though), and NOT because of the M15 stoch which was down all the time since the MTF M15 arrow appeared in the middle of the Asian session.

I suggest you watch the video again, and then again. RJ is very clear about the position and 'play' of the M15 stoch in such re-entry type of trades.
Even in a re-entry I never go against the M15 stoc its a matter of wanting the higher probability trades and at the point you have to decide you have no idea if the trend is going to carry on or if it is going to turn around so I like everything on my side. I no longer look for the actual cross but at the time of that trade (trade number 1) I would wait for the M15 stoc to actually turn down which it hadnt yet it was still climbing. Since martys posts about Xaphods stoc indicator I put that on there and its far better and quicker at letting you know when its turning downon the m5 chart.
  • #10,759
  • Mar 13, 2013 11:01am Mar 13, 2013 11:01am
Quoting tixy
Kosmo,
Your trade is very good.
Please explain how to use Index?
I am no expert, tixy. I just look at the H1 chart of the USD Index (on NetDania). If it's trending nicely like today, I then look at the CSM to decide which currency is the weakest/strongest against the dollar, depending on the trend direction.
The index has been in a strong uptrend today, the yen has weakened by NYO, and the pair formed a higher low, so I decided to take the trade. Not to mention the perfect Genesis signal (matrix + both stochs).
mind over matter
  • #10,760
  • Mar 13, 2013 11:30am Mar 13, 2013 11:30am
Quoting kosmo
I am no expert, tixy. I just look at the H1 chart of the USD Index (on NetDania). If it's trending nicely like today, I then look at the CSM to decide which currency is the weakest/strongest against the dollar, depending on the trend direction.
The index has been in a strong uptrend today, the yen has weakened by NYO, and the pair formed a higher low, so I decided to take the trade. Not to mention the perfect Genesis signal (matrix + both stochs).
Thankyou for the answer
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