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Genesis Matrix Trading

  • #13,141
  • May 12, 2013 7:39am May 12, 2013 7:39am
Quoting stevepatt
{quote} Hi Itsallover, I don't use pivots, I like to keep my charts as clean as possible{image}
Steve,
I think you should take another look at the pivots... especially on this pair. It seems to respect the pivots more than the other currencies. I've highlighted the last few trades where the HA candles started changing colour when at the pivots. Entries then made on the 15 min chart.

The pivot indie I used were the monthly and mid- monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 36 KB
.... laughing all the way to the bank
  • #13,142
  • May 12, 2013 7:58am May 12, 2013 7:58am
Quoting MKFXTrader
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.
I would think one would use the same setting as the M5/M15 ASCTrend/Arrow in the template. However maybe others have done some testing and concluded that other settings are better? You'll have to ask them.
  • #13,143
  • May 12, 2013 9:17am May 12, 2013 9:17am
Question is anyone of you all on the forex factory leader board / live accounts with this system?
  • #13,144
  • May 12, 2013 9:52am May 12, 2013 9:52am
Quoting itsallover
{quote} Steve, I think you should take another look at the pivots... especially on this pair. It seems to respect the pivots more than the other currencies. I've highlighted the last few trades where the HA candles started changing colour when at the pivots. Entries then made on the 15 min chart. The pivot indie I used were the monthly and mid- monthly. {image}
Just one pivot I take notice of on H4 is the monthly pivot itself not the rest. I found I would never want to put a trade in otherwise Steves right when he says the D1 stoc is an excellent filter but I dont have a set tp and sl I tend to try to stay in until the cci line in the matrix changes colour but I will now backtest with a 50 pip stop loss.
  • #13,145
  • May 12, 2013 11:47am May 12, 2013 11:47am
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...

Thanks Xaphod.
What the mind does not know, the eyes cannot see
  • #13,146
  • May 12, 2013 12:09pm May 12, 2013 12:09pm
Quoting itsallover
{quote} Steve, I think you should take another look at the pivots... especially on this pair. It seems to respect the pivots more than the other currencies. I've highlighted the last few trades where the HA candles started changing colour when at the pivots. Entries then made on the 15 min chart. The pivot indie I used were the monthly and mid- monthly. {image}
Hi Itsallover,

I've looked at loads of things to find levels to trade from for entry and trade too for TP.

Take a look at the attached chart, don't worry RJ I won't be posting charts in the future with this on them, it's just for demonstration purposes.

Too many lines on a chart, for me bring in doubt, if I was going to be looking for an area to TP it more than likely would be an obvious level of demand or supply.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th May 13 USD:CHF H4 Chart.png Size: 115 KB
  • #13,147
  • May 12, 2013 3:54pm May 12, 2013 3:54pm
Quoting Kuma_Oushi
Question is anyone of you all on the forex factory leader board / live accounts with this system?
If you bothered to read the thread before posting you would have the answer.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,148
  • May 12, 2013 9:11pm May 12, 2013 9:11pm
Good day / night. Thanks for system

EJ +18 pips.
Attached Image
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,149
  • May 13, 2013 12:16am May 13, 2013 12:16am
Hi,

I've been following the Genesis thread for over 12 months now and I like it.

Thank you for the fantastic thread.
  • #13,150
  • May 13, 2013 12:33am May 13, 2013 12:33am
Made these trades just before London open:

Long AUDUSD
Exited early with just 16pips due to CNY production news out.

Short USDJPY
Also exited early with 20 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13.05.13 AUDUSD Long.PNG Size: 95 KB
Click to Enlarge Name: 13.05.13 USDJPY Short.PNG Size: 93 KB
  • #13,151
  • May 13, 2013 12:43am May 13, 2013 12:43am
Quoting JasonDeaN
Good day / night. Thanks for system EJ +18 pips. {image}
Glad that you're making progress. Please be aware of Post #1....sigh......

"No other outside indicators are to be used.If you introduce an outside indicator, you will be told to remove it ONCE only. If you do not, you will be removed from the thread."
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,152
  • May 13, 2013 12:58am May 13, 2013 12:58am
So today we have 'Eurogroup Meetings'.....having just had the G7 meetings.....no doubt the G20 meetings will be along shortly, closely followed by the 31st Eurogroup 'Summit' in the past 3 years.....lol......these suits have a hell of a lot of 'meetings' but nothing much ever seems to get done!!

Edit: OMG...tomorrow we have 'ECOFIN Meetings'.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,153
  • May 13, 2013 1:27am May 13, 2013 1:27am
Morning/evening to all,

I guess this support on EU will be quite important today.
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  • #13,154
  • May 13, 2013 1:37am May 13, 2013 1:37am
Quoting Cold_W
Morning/evening to all, I guess this support on EU will be quite important today. {image}
Indeed it is...if that support crumbles, then perhaps we will drop to the next level around 2800. The longer term H & S is still alive, but no way of knowing if it will ever bear any fruit. I do hope that we can get out of this 1.30 - 1.32 range because I'm getting sick of the same old scenery!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 85 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,155
  • May 13, 2013 1:47am May 13, 2013 1:47am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5130520131645.png Size: 36 KB


Doesn't it suck when you have the DP and a BRN right next to each other!

It's a pyramiding op anyway.....
  • #13,156
  • May 13, 2013 1:48am May 13, 2013 1:48am
GU also seems to sit on important level.
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  • #13,157
  • May 13, 2013 1:50am May 13, 2013 1:50am
Quoting PipMonster1
{image} Doesn't it suck when you have the DP and a BRN right next to each other! It's a pyramiding op anyway.....
As long as we stay under it I'll be happy......don't wanna play 1.30's anymore
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,158
  • May 13, 2013 2:07am May 13, 2013 2:07am
Quoting realjumper
{quote} As long as we stay under it I'll be happy......don't wanna play 1.30's anymore
As we have traded under the DP all day maybe there might be some stop hunting - just for a bit of fun??
  • #13,159
  • May 13, 2013 2:12am May 13, 2013 2:12am
Quoting PipMonster1
{quote} As we have traded under the DP all day maybe there might be some stop hunting - just for a bit of fun??
Certainly possible......but it's not my idea of fun!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,160
  • May 13, 2013 2:32am May 13, 2013 2:32am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5thats fun.png Size: 38 KB


Now that's fun.
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