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Genesis Matrix Trading

  • #11,381
  • Mar 27, 2013 9:33am Mar 27, 2013 9:33am
Quoting itsallover
No more bad re-entries for me! I've reduced my profits in the past because of bad re-entries - enough!

mind over matter
  • #11,382
  • Mar 27, 2013 9:40am Mar 27, 2013 9:40am
Quoting itsallover
No more bad re-entries for me! I've reduced my profits in the past because of bad re-entries - enough!

We dont want them at all
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,383
  • Mar 27, 2013 9:51am Mar 27, 2013 9:51am
Quoting Martyfish
Happy to help
Marty, thank you for sharing your experience with us, it's always helpful and comprehensive!
  • #11,384
  • Mar 27, 2013 10:29am Mar 27, 2013 10:29am
Quoting Cold_W
Marty, thank you for sharing your experience with us, it's always helpful and comprehensive!
Glad you find my comments a help.

In theory, trading is simple, its people that try and complicate things, that make your experience of trading complicated.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,385
  • Mar 27, 2013 4:53pm Mar 27, 2013 4:53pm
Hi all,

finally I could find time to come back here. It is incredible ... just one week away from trading and I had to read more than 30 pages !!

In the last pages I read often some people in trouble to identify the end of a trend and the beginning of a range; RJ and Marty gave you some advises very good ... let me add my 2 cents.

The enclosed chart is H4 but the internal pattern/behavior of the market behind this is the same in any TFs. I choosed a weak trend to highlight better how I look at the chart to measure the strenght of a trend and potential changes.

TREND
1. TOP.
2. First LL
3. First LH. Here is where we know the new bearish movement (potential trend) is starting.
4. LL. Trend still strong - long leg
5. LH. Trend still strong - LH lower than 2
6. LL. Trend still strong - long leg
7. LH. Trend still strong - LH lower than 4
8. LL. Trend stil alive but we are loosing momentum because 6 and 8 are close. Warning!
9. LH Trend is not yet finished and I am still looking for short opportunities BUT NOW I take into account the RANGE option.
RANGE
10. Here I have a confirmatin we are in a RANGE because we have no LL. Now I must be careful!
11. here is where many times I lost money ... no trades for me.
12. Good opportunity because fake BO. Now I am looking for long.
13. Typical RANGE BO and re-test

I like also to look at H4 chart to spot the levels like 2 and 4 than I move to M5 chart looking for Genesis Signals (points 5,7,9).

If you like you can add stocastic to get more info like divergences ... but always my rule is : Price first stocastic later.

ciao

wiz
Attached Image (click to enlarge)
Click to Enlarge Name: TREND.jpg Size: 129 KB
You control how you trade; the market controls how and when you'll get paid
  • #11,386
  • Mar 28, 2013 1:32am Mar 28, 2013 1:32am
Quoting Martyfish
No problem

I cant believe how long I spent trying to find a perfect setup of indicators, when MAs tell you just about all you need to know.

Never enter a trade when price stretches away from your MAs, wait for PA to retest the MAs, and trade with Genesis tape & stoch and your HTF trend/MAs. I use just M15 & M5.

Simple !!
[quoteNever enter a trade when price stretches away from your MAs, wait for PA to retest the MAs, and trade with Genesis tape & stoch and your HTF trend/MAs [/quote]
If you don't mind , hope you can explain this
you mean to say when price retest ma's then trade , and lets say price below 60 sma and we have shorten opportunity and 60 sma has wider width then:?
  • #11,387
  • Edited 1:51am Mar 28, 2013 1:36am | Edited 1:51am
Quoting waheedpcc
Quote
Never enter a trade when price stretches away from your MAs, wait for PA to retest the MAs, and trade with Genesis tape & stoch and your HTF trend/MAs
If you don't mind , hope you can explain this
you mean to say when price retest ma's then trade , and lets say price below 60 sma and we have shorten opportunity and 60 sma has wider width then:?
If price is too far from the ma's its likely to retrace to them, the further away from the mas when you take a trade the higher the chances of a retrace while youre in it.
  • #11,388
  • Mar 28, 2013 1:41am Mar 28, 2013 1:41am
Quoting lastingwell
If you don't mind , hope you can explain this
you mean to say when price retest ma's then trade , and lets say price below 60 sma and we have shorten opportunity and 60 sma has wider width then:?

If price is too far from the ma's its likely to retrace to them, the further away from the mas when you take a trade the higher the chances of a retrace while youre in it.
Couldn't have explained it better myself - thanks lastingwell
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,389
  • Mar 28, 2013 1:58am Mar 28, 2013 1:58am
Quoting wiz3003
Hi all,

finally I could find time to come back here. It is incredible ... just one week away from trading and I had to read more than 30 pages !!

In the last pages I read often some people in trouble to identify the end of a trend and the beginning of a range; RJ and Marty gave you some advises very good ... let me add my 2 cents.

The enclosed chart is H4 but the internal pattern/behavior of the market behind this is the same in any TFs. I choosed a weak trend to highlight better how I look at the chart to measure the strenght of a trend and...
Excellent explanation, as always wiz......thank you

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,390
  • Mar 28, 2013 2:04am Mar 28, 2013 2:04am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I like the MA idea too. I forget where I picked it up but have always liked them and found a couple of times that suit me. My only complaint is that the EJ keeps starting before I have tuned in and now I have to wait for that pullback to higher MA to occur and I'm not quite up to re-entries yet but will have to catch on......I'm glad to see you use them Marty and thanks for that "review price action" on the weekends, I now review my charts each morning and it is really good to quickly see how it went and what possibilites existed....especially how to stay in a trade or re-enter.
Thank goodness for Easter so I can catch up on all my homework, reviewing, reading, nite-flying......there goes EJ without me.....luckily I have developed patience.....
  • #11,391
  • Edited 2:22am Mar 28, 2013 2:10am | Edited 2:22am
Took a JPY basket buy this morning after a good 15min signal and slight bullish divergence on both the M15 and H1 basket charts. Following it closely though as its counter trend at breakeven now so its all good. The second image is what I was looking at on M15 basket chart.

Edit: By the way ignore the ATR figure on the second chart its still stuck on yesterdays ATR figure
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpybasket.gif Size: 25 KB
Click to Enlarge Name: jpybasket2.gif Size: 31 KB
  • #11,392
  • Mar 28, 2013 2:27am Mar 28, 2013 2:27am
Quoting lastingwell
Took a JPY basket buy this morning after a good 15min signal and slight bullish divergence on both the M15 and H1 basket charts. Following it closely though as its counter trend at breakeven now so its all good. The second image is what I was looking at on M15 basket chart.

Edit: By the way ignore the ATR figure on the second chart its still stuck on yesterdays ATR figure
Out at BE +5 Id rather look for a re-entry than take a chance at this time in the morning.
  • #11,393
  • Mar 28, 2013 2:33am Mar 28, 2013 2:33am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting lastingwell
Out at BE +5 Id rather look for a re-entry than take a chance at this time in the morning.
Good one Lastingwell, I like your idea. How do you set up that basket order? Excuse if you've described it somewhere already....it is something I may come to one day.....I'm guessing it can perform well on certain occasions, like you mentioned last Monday for example.
  • #11,394
  • Mar 28, 2013 2:41am Mar 28, 2013 2:41am
Quoting Jamz
Good one Lastingwell, I like your idea. How do you set up that basket order? Excuse if you've described it somewhere already....it is something I may come to one day.....I'm guessing it can perform well on certain occasions, like you mentioned last Monday for example.
I use different baskets at different times I do prefer the JPY 5 currency basket I have at the moment, I just find it more stable than 1 currency. The pivots work great and divergence works just the same. Here is the post about it.
http://www.forexfactory.com/showthre...66#post6417166
  • #11,395
  • Mar 28, 2013 3:07am Mar 28, 2013 3:07am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting lastingwell
I use different baskets at different times I do prefer the JPY 5 currency basket I have at the moment, I just find it more stable than 1 currency. The pivots work great and divergence works just the same. Here is the post about it.
http://www.forexfactory.com/showthre...66#post6417166
Thanks for that Lastingwell, I'm not sure if it will play on my FXCM trading station but I'll have a look on MT4 anyway. I've seen a post where someone was complaining about price manipulation and posted about 6 charts all with exactly the same pattern on them so trading them all at the same time is a way of joining in is it not?
Cheers.....
  • #11,396
  • Mar 28, 2013 3:40am Mar 28, 2013 3:40am
I know there’s been a lot of discussion with the Pivots, butI still seem to be struggling with it.

If price is coming from below and then goes right throughthe Daily Pivot, am I correct in thinking we want to see a retest off thatDaily Pivot? In other words to go long,we first want to see a bounce off the Daily Pivot?

How about if price has already broken through the DailyPivot earlier that day. Not sure if itmatters by how much. But if that’s thecase, is it okay to look for a signal to go long or do we still want to waitfor retest?

Regardless if we’re going long or short, should we always wait fora bounce off an important area before looking for a signal?

Are round numbers treated the same way?
  • #11,397
  • Mar 28, 2013 4:06am Mar 28, 2013 4:06am
Quoting Numero
I know there’s been a lot of discussion with the Pivots, butI still seem to be struggling with it.

If price is coming from below and then goes right throughthe Daily Pivot, am I correct in thinking we want to see a retest off thatDaily Pivot? In other words to go long,we first want to see a bounce off the Daily Pivot?

[font=Calibri][size=3]How about if price has already broken through the DailyPivot earlier that day. Not sure if itmatters by how much. But if that’s...
If you read Post #1....you will see a link there posted by Wiz3003 that goes into pivots and will answer your questions
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,398
  • Mar 28, 2013 4:21am Mar 28, 2013 4:21am
Quoting realjumper
If you read Post #1....you will see a link there posted by Wiz3003 that goes into pivots and will answer your questions
Thanks for responding RJ. I actually have read Wiz3003 posts a couple of different times and absolutely will do so again. In fact, I have it saved on my desktop. I'll just have to keep reviewing and watching the charts until what I'm looking to understand clicks. Some times it takes a while to get through my thick skull. In any case, thanks again!
  • #11,399
  • Mar 28, 2013 4:33am Mar 28, 2013 4:33am
Quoting Numero
Thanks for responding RJ. I actually have read Wiz3003 posts a couple of different times and absolutely will do so again. In fact, I have it saved on my desktop. I'll just have to keep reviewing and watching the charts until what I'm looking to understand clicks. Some times it takes a while to get through my thick skull. In any case, thanks again!

you can try to look for posts from acumen
he use pivots to trade
hope it can help you to understand more on pivots
Failure leads to Success if one learns from mistakes and never give up
  • #11,400
  • Mar 28, 2013 4:49am Mar 28, 2013 4:49am
Quoting jinchu
you can try to look for posts from acumen
he use pivots to trade
hope it can help you to understand more on pivots
Awesome! Every bit of information helps. Thanks!
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