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Genesis Matrix Trading

  • #13,121
  • May 10, 2013 7:43pm May 10, 2013 7:43pm
Quoting spetere
Hi ! I'm sorry for all ! I do not understand how this could signal M5 chart? M15 Stochastic can not show signal. Crystall Ball... 10 min delay {image}
You obviously don't understand how to read Post #1 with the rules that state what will happen if you introduce outside indicators.....and you haven't bothered to read anything about stochastics that have been supplied for you on Post #1.....and you haven't bothered to read even the past 20 pages where I have said that I am sick of spoon feeding people who are too lazy to even try.....so......you're out of here...bye bye
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,122
  • May 10, 2013 7:45pm May 10, 2013 7:45pm
Quoting ukanimk
Thanks to all who started this thread.
You're welcome.....it is very much a team effort here and you have a lot of reading to do! Good luck!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,123
  • May 11, 2013 12:36am May 11, 2013 12:36am
Quoting realjumper
{quote} Steve it just occurred to me....I don't know why I didn't remember this last night.....if you do a search here on 'Olivierforex' posts, he made a study on H4 trading with Genesis. I forget how he made the SL work, but I remember it being very profitable. Just a word in your ear....I don't agree or disagree with your candle analysis, but please keep it to yourself. We trade the system here and we don't read the candles for this. That's one reason why we use HA candles. Thanks
Hi RJ,

I will check out Oliverforex's posts, thank you, and I'll keep the candle analysis to myself. I've tried using HA candles in the past and not really got on with them maybe I should give another attempt.
  • #13,124
  • May 11, 2013 1:35am May 11, 2013 1:35am
Quoting stevepatt
{quote} Hi RJ, I will check out Oliverforex's posts, thank you, and I'll keep the candle analysis to myself. I've tried using HA candles in the past and not really got on with them maybe I should give another attempt.
Hiya Steve,

Thanks for understanding. You'll notice that I and others do use Japanese candles for longer term analysis by the charts we sometimes post. The point of those longer term charts is not to instil a bias in anyone.....nooo.....certainly not!! But the purpose is to highlight the long term situation to bear in mind. For instance, I have been posting and updating a weekly chart on EU that shows a H & S formation. The reason is not to make people have a short bias, but to show them the possibility of a decent bear run, in the event that the H & S comes true.

For the H4 and above, I do believe that Japanese candles and their various formations are definitely worth considering, and once Genesis signals in that direction (if it does), then possible targets can be considered. I don't read too much into Japanese candles below the H4 TF....and certainly not on M15 or M5. This is where (imo) HA candles come into their own. We have the system that shows us high probability entries and the direction, and the HA candles (generally speaking) show the strength of the move......and I chose the colours to match the Matrix, so 'all white' for long....'all red' for short. Of course people can change to whatever colours they want.

There's a file on Post # about HA candles that might be worth a read if you want to

The other thing about HA candles is familiarity.....most, if not all of us were 'brought up' on Japanese candles, so they are familiar to us. Us humans don't handle change too well......and the perfect example is the Micro$oft vs Linux debate.....or even Micro$oft vs MAC. People are used to MS Windoze, and even though Linux is a better system, people won't use it because they weren't 'brought up' on it. I suspect that those 'brought up' on a MAC would have a similar bias against Micro$oft.

It's a personal thing I guess.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,125
  • May 11, 2013 2:51am May 11, 2013 2:51am
Quoting realjumper
{quote} Hiya Steve, Thanks for understanding. You'll notice that I and others do use Japanese candles for longer term analysis by the charts we sometimes post. The point of those longer term charts is not to instil a bias in anyone.....nooo.....certainly not!! But the purpose is to highlight the long term situation to bear in mind. For instance, I have been posting and updating a weekly chart on EU that shows a H & S formation. The reason is not to make people have a short bias, but to show them the possibility of a decent bear run, in the event...
Hi RJ,

Thanks for the help, I'm glad your flexible about colour schemes I soon get bored with the same colours all the time .

I guess I'm stuck in my ways where candlesticks are concerned I hope it won't get in the way too much,

Don't even get me started on the Mac versus Microsoft debate, I dislike windows with a passion, Macs work with you Windows always seems to be working against you.

I know what you mean about reading candle patterns on lower TFs been trying to do that for a while, with varying degrees of success and failure.

I've found things a lot easier now I've moved to the higher TFs; I've been trying various things to find what works best for me but I think the Genesis Matrix looks very promising.

I've been looking at Olivierforex's posts on trading the H4 TF and it looks very promising although I do find the Stochs from H4 and D1 useful for filtering trades. What he says about only entering once the following candles have made a new high/low of 4 pips looks to be very valid.
  • #13,126
  • Edited 4:43pm May 11, 2013 5:15am | Edited 4:43pm
RJ,
Thank you for sharing your trading experience as well as your system. From what I have read, Genesis system is your improvement over the Symphonie system. IMO, this is a very efficient scalping system, and I've been using it for a little while. I find it to be very effective when trading in alignment with the higher TF trend. I was wondering if you are still using arrows or have you replaced it with Xaphod's ASCTrend MTF indie? I read where you were testing it but didn't know if you are now using it live. What has been your experience using the new(ASCtrend) setup? My understanding is the ASCTrend indie from Xaphod, is based on calculations using the William %R. Am I correct? I also recall that you used to trade in the direction with the hourly arrow. I think you even posted a pdf. Are you still doing that, or mainly just using the 5-15 agreement? I appreciate your reply and hope to perhaps post here my trades using the system.

I also agree that pretty much everything posted on the first post can get anyone started with the system. It just takes time and commitment to read and learn, and not automatically jump to the end of the thread asking about how to use the system without even taking the time. Everything is in the thread and you can use the search feature if you have simple questions that have been answered probably a dozen times or more. This was how I was able to fully grasp the system, and it didn't even take that long. You just need to read and have some common sense.

Thank you.
  • #13,127
  • May 11, 2013 5:48am May 11, 2013 5:48am
Weekends are awesome

And if youd like something great to read this weekend: http://www.institutionalinvestor.com...icleID=2361672

Regards
  • #13,128
  • May 11, 2013 8:40am May 11, 2013 8:40am
Quoting itsallover
{quote} .... to some extent corrupt capitalism may have contributed to our inability to balance our books ... I think the main issue we have is demography and social issues to a lesser degree. And the main issue twofold. Younger people/teenagers having kids too early and expecting the state to foot the tab and older people living longer and costing the state more. Both these models were not accounted for. I could go into health issues and how the evil corporates are involved ... plus how much its costing us .... but that will be for another day....
Kelly,

thx the Bombay (as usual) on a Friday evening is particularly gratifying !!

Agree with all your comments
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,129
  • May 11, 2013 8:45am May 11, 2013 8:45am
Quoting stevepatt
{quote} Hi Itsallover, I don't use pivots, I like to keep my charts as clean as possible. I think you mean the USD/CHF chart; the attached image should show what I'm going to be looking for to take a trade. As far as the stop loss is concerned I've found a 50 pip SL to be quite good when trading H4 charts, which is my main trading TF, it's important to go with momentum if the trigger candle can't break the setup candle this shows a lack of momentum and I'll cancel the trade and be looking for a better setup. The JPY crosses are a different story,...
Hi Steve,

Always interesting seeing different peoples' application of Genesis, particularly your interpretation of H4 trading.


Keep us updated how it is working out !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,130
  • May 11, 2013 10:02am May 11, 2013 10:02am
Thank you Martyfish
  • #13,131
  • May 11, 2013 12:58pm May 11, 2013 12:58pm
I do not write often but the system more perfect
  • #13,132
  • May 11, 2013 6:04pm May 11, 2013 6:04pm
Quoting MKFXTrader
RJ, Thank you for sharing your trading experience as well as your system. From what I have read, Genesis system is your improvement over the Symphonie system. IMO, this is a very efficient scalping system, and I've been using it for a little while. I find it to be very effective when trading in alignment with the higher TF trend. I was wondering if you are still using arrows or have you replaced it with Xaphod's ASCTrend MTF indie? I read where you were testing it but didn't know if you are now using it live. What has been your experience using...
Hi,

Glad that you are enjoying the system.

I'll just write some quick answers to your questions because I think I have answered them before in more depth in this thread.

Yes I do use Xaphods ASCTrend MTF, but the charts I post are as per Post #2 so as to not cause confusion to newcomers to the thread. All the tools that Xaphod has kindly developed for the Genesis system are thoroughly tested and work fantastically well. I'm sure you can see though, that if I were to post charts using a variety of indicators for Xaphod that may look very different from Post #2, it would cause a lot of confusion for newcomers and a lot of repetitive questions to be asked.....causing me more headaches!! As you can see from the charts I post, the system as per the original system still works fine......but with Xaphods newer indicators, in some instances, are coded much better and are less resource hungry.

Don't lose sight of the fact that the Genesis Matrix is created by Xaphod, I opened this thread for reasons that I won't go into again, but we are all happy campers here and the system is pretty much a 'plug and play' system that does not repaint, does not require different settings for different TF's and is extremely reliable, efficient and profitable.

As for the calculations behind the various indies, you need to talk to Xapohod about that.

I do trade with the trend, but I would be telling lies if I said that I never take counter trend trades because I do!! However I would never recommend that people trade counter trend because it sends the wrong signal to newer traders. As an aside, if you look back to my posts on Friday you'll see that I made a mistake and entered a trade right on top of the round number 1.3000 and the PA bounced off it several times. But, I was trading with the trend, and that's what got me 'out of jail' and into profit of +53. Trading counter to the trend requires some experience and small targets.....it can be done but it isn't the major source of pippage!!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,133
  • Edited May 12, 2013 6:30pm May 11, 2013 6:48pm | Edited May 12, 2013 6:30pm
ASCTrend1 Matrix/Tape indicators have been updated. Get them on the first post.

Should solve the problem one member had over a week ago with the matrix not showing correct data. It was a result of data being downloaded after the indicator was added to the chart. By mistake, the single timeframe newbar function was used in matrix indicators instead of the MTF one.

- Fixed updating of bars on all timeframes as new data is being downloaded.
- Draw blank dot if there is not data for the bar.
  • #13,134
  • Edited 7:33pm May 11, 2013 6:54pm | Edited 7:33pm
Quote
I find it to be very effective when trading in alignment with the higher TF trend. I was wondering if you are still using arrows or have you replaced it with Xaphod's ASCTrend MTF indie? I read where you were testing it but didn't know if you are now using it live. What has been your experience using...

The 'arrow' indicator is functionally the same as the ASCTrend1 indicator. The 2TF Matrix (M5/M15) is the same as the arrow indicators on M5 and M15. Same signals, different presentation.

And most of the indicators on the additional indicators thread are simply visual/functional variations of the genesis matrix system indicators. They give the same signals as the official indicators in the first post.

Quote
My understanding is the ASCTrend indie from Xaphod, is based on calculations using the William %R
See this post. Maybe not the best explanation. See the source code and code comments for a clearer explanation.
http://www.forexfactory.com/showthre...89#post6128489

And the original ASCTrend system may have more info about how the indicator works.
  • #13,135
  • May 11, 2013 7:56pm May 11, 2013 7:56pm
Thanks for all your work Xaphod. Trying to get my head around this - The 'arrow' indicator is functionally the same as the ASCTrend1 indicator...

So the only reason we have it is that it's not CPU intensive? Still provides the same arrows as "arrow". This correct?

PM1
  • #13,136
  • May 12, 2013 1:12am May 12, 2013 1:12am
Quoting PipMonster1
Thanks for all your work Xaphod. Trying to get my head around this - The 'arrow' indicator is functionally the same as the ASCTrend1 indicator... So the only reason we have it is that it's not CPU intensive? Still provides the same arrows as "arrow". This correct? PM1
Read the thread? Do a search for ASCTrend in the thread?

Arrow is not a particularly good name for an indicator. Lots of indicators draw arrows. It turned out that the arrow indicator was actually the ASCTrend1 indicator. Also, it was a not very good implementation/conversion of said indicator. It calculated all the set bars on every tick instead of the updated bars only which was all that was required.
  • #13,137
  • May 12, 2013 1:54am May 12, 2013 1:54am
Thanks Xaphod.

So from a trading point of view nothing impacts us just the semantics of its calculation. I've placed arrow and ASCtrend1 on separate charts and the arrows are all at the same bars. MT4 runs better/smoother (not calculating every tick et al)- can't be a bad thing.

PM1
  • #13,138
  • Edited 5:23am May 12, 2013 4:54am | Edited 5:23am
Quoting realjumper
{quote} Hi, Glad that you are enjoying the system. I'll just write some quick answers to your questions because I think I have answered them before in more depth in this thread. Yes I do use Xaphods ASCTrend MTF, but the charts I post are as per Post #2 so as to not cause confusion to newcomers to the thread. All the tools that Xaphod has kindly developed for the Genesis system are thoroughly tested and work fantastically well. I'm sure you can see though, that if I were to post charts using a variety of indicators for Xaphod that may look very...
RJ,
Thank you for your response. Have a great week.
  • #13,139
  • Edited 5:13am May 12, 2013 5:01am | Edited 5:13am
Quoting Xaphod
{quote} The 'arrow' indicator is functionally the same as the ASCTrend1 indicator. The 2TF Matrix (M5/M15) is the same as the arrow indicators on M5 and M15. Same signals, different presentation. And most of the indicators on the additional indicators thread are simply visual/functional variations of the genesis matrix system indicators. They give the same signals as the official indicators in the first post. {quote} See this post. Maybe not the best explanation. See the source...

Xaphod,
Thank you for the response. I actually read the link you posted in my search about the asctrend indicator on this thread. Thank you for posting the other link. I'll read it when I get a chance. I respect and appreciate your work. It's some of the best I've come across in the business. You are more then appreciated by the community. Keep up the great work.

One question I do have because I have seen a couple of different answers is, should the default ASCTrend risk be 6 or 8 in the MTF indie? If you can confirm which, It would be greatly appreciated. I'm assuming it's 6 as that is what shows when it is downloaded from your thread. I just want to confirm. Thank you once again.
  • #13,140
  • May 12, 2013 6:14am May 12, 2013 6:14am
Quoting realjumper
{quote} Hi, Glad that you are enjoying the system. I'll just write some quick answers to your questions because I think I have answered them before in more depth in this thread. Yes I do use Xaphods ASCTrend MTF, but the charts I post are as per Post #2 so as to not cause confusion to newcomers to the thread. All the tools that Xaphod has kindly developed for the Genesis system are thoroughly tested and work fantastically well. I'm sure you can see though, that if I were to post charts using a variety of indicators for Xaphod that may look very...
I rather we would keep a lot to see a graph with the new system
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