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Genesis Matrix Trading

  • #11,821
  • Apr 16, 2013 10:21am Apr 16, 2013 10:21am
Quoting Martyfish
I've had about 5 friends (or friends of friends) that I have tried to coach, once they get a little knowledge they try to go they own way, only to fail again and again. Usually the problem is over-complicating and constantly changing their system, and of course the old chestnut, not putting in enough screen-time !! Plus failing to do what I said earlier, that you cant trade on 1 TF, they think by adding indies with stronger settings, that can compensate.
Good to know I'm not the only one. Over-complicating sounds like me. I'm not the most patient of traders either...

I do a lot of screen-time though, and I do look at HTF.

I have days of pure genius (in my view) and days of disaster.

Still looking for the light at the end of the tunnel.
mind over matter
  • #11,822
  • Apr 16, 2013 10:25am Apr 16, 2013 10:25am
Quoting Martyfish
Your trading against H1/H4 !!
Not smart at all, I know
mind over matter
  • #11,823
  • Apr 16, 2013 10:28am Apr 16, 2013 10:28am
Quoting kosmo
That's still profit GU stopped out and reversed. The joys of demo trading! UJ short @+25 (not all hope is lost)

yes pips is pips

Well done on your UJ trade
.... laughing all the way to the bank
  • #11,824
  • Apr 16, 2013 10:29am Apr 16, 2013 10:29am
Quoting Martyfish
I put the Genesis arrow matrix on my M5 chart (above Genesis matrix) I have H1 & H4 TFs on the arrow matrix, when they are the same colour - NEVER TRADE AGAINST THEM !!
Thanks Marty. I should know that much by now. Never tried the arrow matrix, only the GMTS-Dash. It's time to give it a try!
mind over matter
  • #11,825
  • Apr 16, 2013 10:39am Apr 16, 2013 10:39am
If I understood correctly all the advices – please correct me if I'm wrong-

1-If the stochastic of H1, M15, and M5 suit them. probably good trade-

2-There isn't more than 1 arrow of each TF per chart. But Kosmo talks about integration of other arrows TF's in the operating main TF. Those are tools to take to integrate from the Genesis Tool Thread.
What's the name of such indi?

3-Such arrows from different TF, are based on Stoc or in Genesis?

3-The general trend is important, but we should trade in PA direction of the market depending of the last 1 o 2 H's.

4-In choppy markets, paying attention to H4/D1 trend.

5-The system 5-15 mentioned in the first post, there is the pdf instructions with different exit market variants.

6-Depending of each style it must be taken a Higher TF for determinate the trend, for instance 15M and M5 for entry /exit market decision.

7-We must verify the strong pullback on 1H TF to find out that was a fake out or a market reversal.

8-If we go with a strong and good trade, we must narrow as much as possible the SL before Wall Street opens.

9-Lastly comes strong trends from Asian Markets, but Franki could vary them and London confirm or reversal them.

Thank you everybody for helping me.
  • #11,826
  • Apr 16, 2013 10:48am Apr 16, 2013 10:48am
Quoting itsallover
yes pips is pips Well done on your UJ trade
Thanks Kelly. Still in
mind over matter
  • #11,827
  • Edited 11:12am Apr 16, 2013 11:01am | Edited 11:12am
Quoting Veracruz
If I understood correctly all the advices – please correct me if I'm wrong- 1-If the stochastic of H1, M15, and M5 suit them. probably good trade- 2-There isn't more than 1 arrow of each TF per chart. But Kosmo talks about integration of other arrows TF's in the operating main TF. Those are tools to take to integrate from the Genesis Tool Thread. What's the name of such indi? 3-Such arrows from different TF, are based on Stoc or in Genesis? 3-The general trend is important, but we should trade in PA direction of the market depending of the...
I think that's quite a good list. You can now add your own flavour to it. If you like , you can add the 1Hr and 4Hr arrow matrix that Marty has talked about.
.... laughing all the way to the bank
  • #11,828
  • Apr 16, 2013 11:03am Apr 16, 2013 11:03am
Quoting itsallover
I think that's quite a good list. You can now add your own flavour to it. If you like , you can add the 1Hr and 4Hr arrow matrix that Mary has talked about.
The arrow matrix is especially helpful when you're watching more than one currency pair and want to trade the most bearish/bullish pair.
.... laughing all the way to the bank
  • #11,829
  • Edited 11:33am Apr 16, 2013 11:22am | Edited 11:33am
Quoting Veracruz
If I understood correctly all the advices – please correct me if I'm wrong- 1-If the stochastic of H1, M15, and M5 suit them. probably good trade- 2-There isn't more than 1 arrow of each TF per chart. But Kosmo talks about integration of other arrows TF's in the operating main TF. Those are tools to take to integrate from the Genesis Tool Thread. What's the name of such indi? 3-Such arrows from different TF, are based on Stoc or in Genesis? 3-The general trend is important, but we should trade in PA direction of the market depending of the...
You need to have the Arrow indie; this refers to the chart that you're on. Then you need to have the MTF Arrow indie which depending on how you set it up, can have 1 or 2 higher timeframe arrows. So if you were on the 15 Min chart you'd have the 1Hr arrow and maybe the 4Hr arrow ... depending how you set it up.
.... laughing all the way to the bank
  • #11,830
  • Apr 16, 2013 11:51am Apr 16, 2013 11:51am
Quoting Veracruz
If I understood correctly all the advices – please correct me if I'm wrong- 1-If the stochastic of H1, M15, and M5 suit them. probably good trade- 2-There isn't more than 1 arrow of each TF per chart. But Kosmo talks about integration of other arrows TF's in the operating main TF. Those are tools to take to integrate from the Genesis Tool Thread. What's the name of such indi? 3-Such arrows from different TF, are based on Stoc or in Genesis? 3-The general trend is important, but we should trade in PA direction of the market depending of the...
Veracruz,

Interesting list; I will try and do it justice:

1. Yes
2. Only 1 set of arrows per TF; its only if you use Xaphod's MTF arrows do you see HTF arrows on LTF charts
3. Arrows is Arrows; the Asctrend1i.mq4 file
3. TREND is CRITICAL !! Trend is more important than fractals, basically your 60SMA
4. In all markets pay attention to H1; in choppy markets (ie no H1 trend) you can rely on just M15
5. Yes
6. Yes
7. Where H1 MAs all allign; ie strong trend
8. Yes, reasonable
9. NO !! Asia quite often over-reacts to strong news; Frankie will then occasionally make a retracement, then London will confirm trend, or reverse, or sometimes remain range-bound until US open sorts things out.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,831
  • Apr 16, 2013 12:15pm Apr 16, 2013 12:15pm
Thank you very much to Marty and Itsallover.
  • #11,832
  • Edited 12:54pm Apr 16, 2013 12:40pm | Edited 12:54pm
Quoting kosmo
Thanks Kelly. Still in
TP on UJ short @+45.

Don't even want to look at GU. It only went 3 or 4 pips below my SL before shooting up!
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 12 KB
mind over matter
  • #11,833
  • Apr 16, 2013 1:16pm Apr 16, 2013 1:16pm
Quoting kosmo
EJ DP 122.95. You can always check it on actionforex. I use PivotManualActionForex (attached) as posted by RJ some time ago. It's very accurate as you input the HLC prices directly from actionforex and it calculates the right pivots for you. {file}
Struggling with the Pivots ...

Using a broker, who has not the 'right' server time to build the correct pivots, is not helpful. First you have to recognize, that pivots are shown wrong, second how to fix? RJ/Kosmo indicated the 'Pivot Manual ActionForex'-EA, you may use to put in the ActionForex H/L/C-Figures manually to get correct pivots.

Some times ago I was looking for another solution, because one of my brokers has this problem too. Here is a another solution, the 'Pivot Points - Daily (Shifted)'-EA. You have to check only the time difference GMT to your broker's server and data for the pivots are shift. The pivots remain on the screen each day and are labeled. Look inside the EA, there is a description, how it works.

Checking the results I saw, that the pivot always is correct and the R1-3/S1-3 may differ around 1-2 PIPs, especially the R3/S3. For me this is ok.

josch
Attached File(s)
File Type: mq4 Pivot Points - Daily (Shifted).mq4   11 KB | 547 downloads
trading is war - life is simple
  • #11,834
  • Apr 16, 2013 1:17pm Apr 16, 2013 1:17pm
Quoting kosmo
TP on UJ short @+45. Don't even want to look at GU. It only went 3 or 4 pips below my SL before shooting up! {image}
Jo great trade on UJ.

Re GU if you look at candle 20:10 - that if a perfectly legitimate entry point
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,835
  • Apr 16, 2013 1:38pm Apr 16, 2013 1:38pm
Quoting Martyfish
Jo great trade on UJ. Re GU if you look at candle 20:10 - that if a perfectly legitimate entry point
I know, Marty... That's why I don't want to look! Totally missed it!
mind over matter
  • #11,836
  • Apr 16, 2013 2:18pm Apr 16, 2013 2:18pm
Quoting kosmo
I know, Marty... That's why I don't want to look! Totally missed it!
No problem, just log it in your missed trades to review folder.

Go through it over and over, etc.

Drill it into your psyche, until it becomes natural
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,837
  • Apr 16, 2013 2:46pm Apr 16, 2013 2:46pm
Quoting Martyfish
No problem, just log it in your missed trades to review folder. Go through it over and over, etc. Drill it into your psyche, until it becomes natural
Yes, Sir! Folder created, chart saved.

Marty, I really appreciate your comments. With you and RJ I trully feel I'm in the right place to learn from the best. Feels good

P.S. And the arrow matrix is just great! Set it for M15 and H1. That will do to teach me to sit on my hands when I should!
mind over matter
  • #11,838
  • Apr 16, 2013 3:11pm Apr 16, 2013 3:11pm
Quoting kosmo
Yes, Sir! Folder created, chart saved. Marty, I really appreciate your comments. With you and RJ I trully feel I'm in the right place to learn from the best. Feels good P.S. And the arrow matrix is just great! Set it for M15 and H1. That will do to teach me to sit on my hands when I should!
Jo,

Since I have M15 MTF arrows on my M5 chart, having M15 on the Genesis arrow matrix, is unnecessary duplication.

Believe me H1 & H4 arrows together are very, very good.

When H4,H1,M15 Genesis arrows align you usually have a very good trade.

H1 & M15 is also pretty good.

But as normal the more TFs that align the bigger the move.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,839
  • Apr 16, 2013 3:28pm Apr 16, 2013 3:28pm
Quoting kosmo
Yes, Sir! Folder created, chart saved. Marty, I really appreciate your comments. With you and RJ I trully feel I'm in the right place to learn from the best. Feels good P.S. And the arrow matrix is just great! Set it for M15 and H1. That will do to teach me to sit on my hands when I should!
Thats very kind of you Jo.

Trading is a very isolated business, just sitting here all day can get rather monotonous.

So it is quite therapeutic, to help others.

I believe that if I can help others, it helps clarify where I am heading and my decision making process.

Wish I had been a little more honest with myself early on in my career to ask for help (maybe typical male syndrome)
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,840
  • Apr 16, 2013 5:18pm Apr 16, 2013 5:18pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting kosmo
I have days of pure genius (in my view) and days of disaster. Still looking for the light at the end of the tunnel.
It's surprising how little comments are helpful. I think RJ must be sick of me saying how I'm just on the verge of really creaming it -- only a couple of times a week and especially after the weekends! Thank heaven that Winston Churchill said "we will never surrender".
I can see how Marty's friends became so great as traders too -- I think it is some type of male dominance psycho bolderdash where they can't stand having been told .... must be their upbringing. Got friends like that here who know a lot more than me all the time so you have to develope a strategy to tell them something so they think they thought of it first.
Occasionally I see light flickering at end of tunnel.... it was there on Monday night but went out again last night......
As the sun sets in the west....we are really only trading for ourselves....getting it consistent is the tough part.
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