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Genesis Matrix Trading

  • #13,281
  • May 14, 2013 8:40am May 14, 2013 8:40am
Quoting stevepatt
USD/CAD Buy Stop H4 Chart. AUS/IPY and EUR/GBP trades still running. {image}

... way to go Steve
.... laughing all the way to the bank
  • #13,282
  • May 14, 2013 9:28am May 14, 2013 9:28am
Quoting stevepatt
USD/CAD Buy Stop H4 Chart. AUS/IPY and EUR/GBP trades still running. {image}


Steve, I'm following your H4 charts with much interest. A big fan of pending orders myself. They keep my emotions in check. Good luck with your trades!
mind over matter
  • #13,283
  • May 14, 2013 10:22am May 14, 2013 10:22am
Quoting kosmo
{quote} Steve, I'm following your H4 charts with much interest. A big fan of pending orders myself. They keep my emotions in check. Good luck with your trades!
Hi Kosmo,

Thanks for the support, I'll keep posting setups, as I see them, as long as I have the time to do so.

AUD/JPY and EUR/GBP trades both turning against me at the moment, after being in profit, but I'm a big believer of having a plan and sticking to it.

How often have we jumped out of trades, once they start to turn sour, only to have them turn around again and hit our TP.

It's a good idea to keep a record of trades, where we exit early or go against our trade plan, to see how things would work out over time.

I know, in my case, it's usually a good idea to let things roll until I either hit my TP or SL.

Good luck to everyone in their trading I'm happy to have found the Genesis method.
  • #13,284
  • May 14, 2013 11:26am May 14, 2013 11:26am
Quoting stevepatt
{quote} Hi Kosmo, Thanks for the support, I'll keep posting setups, as I see them, as long as I have the time to do so. AUD/JPY and EUR/GBP trades both turning against me at the moment, after being in profit, but I'm a big believer of having a plan and sticking to it. How often have we jumped out of trades, once they start to turn sour, only to have them turn around again and hit our TP. It's a good idea to keep a record of trades, where we exit early or go against our trade plan, to see how things would work out over time. I know, in my case, it's...
Thanks, Steve. I'll keep your words in mind. I can imagine that trading H4 charts requires some extra patience, but as long as there is a sound plan in place it can be very rewarding.

Genesis gives excellent signals on lower time frames. I'm sure it applies equally well, if not better, to higher ones too.

I'm tempted to start experimenting with H4 myself.

Jo
mind over matter
  • #13,285
  • May 14, 2013 11:41am May 14, 2013 11:41am
Quoting kosmo
{quote} Thanks, Steve. I'll keep your words in mind. I can imagine that trading H4 charts requires some extra patience, but as long as there is a sound plan in place it can be very rewarding. Genesis gives excellent signals on lower time frames. I'm sure it applies equally well, if not better, to higher ones too. I'm tempted to start experimenting with H4 myself. Jo
Hi Steve/Jo,

Nice to see posts about H4 trades.

I am doing basic Genesis M5-15 trading at the moment. Interesting to see higher time frame analysis with Genesis. Please keep posting. Good learning experience for me. I would not be moving to higher time frame trading in the near future but might consider at some stage.

Best wishes.
What the mind does not know, the eyes cannot see
  • #13,286
  • May 14, 2013 11:50am May 14, 2013 11:50am
Quoting snarlyjack
RJ, I didn't sleep that well last night, so I ended up trading the markets. Put in 4 trades and ended up with 75 pips. The system worked like a charm. No big deal... this is a great system Thanks for all your help It's now 7:00 a.m. Montana time... snarlyjack
Nice to see your post Snarlyjack. Hope you will keep sharing your experience here.

Best wishes.
What the mind does not know, the eyes cannot see
  • #13,287
  • May 14, 2013 12:13pm May 14, 2013 12:13pm
Quoting kosmo
{quote} Thanks, Steve. I'll keep your words in mind. I can imagine that trading H4 charts requires some extra patience, but as long as there is a sound plan in place it can be very rewarding. Genesis gives excellent signals on lower time frames. I'm sure it applies equally well, if not better, to higher ones too. I'm tempted to start experimenting with H4 myself. Jo
On the contrary I find its the lower timeframes that require patience. H4 is just check the chart 6 times daily then go and do something else for 3 hours 59 minutes each time lol.
  • #13,288
  • May 14, 2013 12:18pm May 14, 2013 12:18pm
Quoting padila
{quote} Hi Steve/Jo, Nice to see posts about H4 trades. I am doing basic Genesis M5-15 trading at the moment. Interesting to see higher time frame analysis with Genesis. Please keep posting. Good learning experience for me. I would not be moving to higher time frame trading in the near future but might consider at some stage. Best wishes.
Hi Padila,

It's all a learning phase for me, but I've been thinking of trading HTFs on a separate account for some time now, not to interfere with my day trading. I remember Oli's posts and analyses on H4, very inspiring. And now we have Steve. The more the merrier. Joint effort bears sweeter fruit
mind over matter
  • #13,289
  • May 14, 2013 12:24pm May 14, 2013 12:24pm
Quoting lastingwell
{quote}On the contrary I find its the lower timeframes that require patience. H4 is just check the chart 6 times daily then go and do something else for 3 hours 59 minutes each time lol.
Sounds like a good life style!

Nice to see your post, Lastingwell. Are you still mainly basketing?
What the mind does not know, the eyes cannot see
  • #13,290
  • May 14, 2013 12:26pm May 14, 2013 12:26pm
Quoting kosmo
{quote} Hi Padila, It's all a learning phase for me, but I've been thinking of trading HTFs on a separate account for some time now, not to interfere with my day trading. I remember Oli's posts and analyses on H4, very inspiring. And now we have Steve. The more the merrier. Joint effort bears sweeter fruit
Absolutely!

I shall be watching this space for more. Good luck.
What the mind does not know, the eyes cannot see
  • #13,291
  • May 14, 2013 12:39pm May 14, 2013 12:39pm
Quoting kosmo
{quote} Thanks, Steve. I'll keep your words in mind. I can imagine that trading H4 charts requires some extra patience, but as long as there is a sound plan in place it can be very rewarding. Genesis gives excellent signals on lower time frames. I'm sure it applies equally well, if not better, to higher ones too. I'm tempted to start experimenting with H4 myself. Jo
Hi Kosmo,

I find it takes far more patience to trade the lower TFs on a slow day than the H4 charts on any day. I only recently started trading higher TFs and I find it a much more relaxed way to trade, but that's just me everyone is different.

I'm not a full time trader and have a full time job, so checking four hour charts works much better for me. I can't check charts during my working day so I have to have a set and forget approach to my trading. That's where sound MM comes in, I don't take a trade unless I'm fully prepared to take the loss.
  • #13,292
  • May 14, 2013 12:40pm May 14, 2013 12:40pm
Quoting lastingwell
{quote}On the contrary I find its the lower timeframes that require patience. H4 is just check the chart 6 times daily then go and do something else for 3 hours 59 minutes each time lol.
Yeah, I agree as far as checking the charts is concerned, but I meant patience to wait for the trade to close in profit or loss, not being tempted to interfere in the meantime.
mind over matter
  • #13,293
  • May 14, 2013 1:13pm May 14, 2013 1:13pm
Quoting realjumper
{quote} Hi Angela, I'm using Vista as well and my MT4 is version 432. I can't really be much more help without some more information, but my system runs just fine. If you can't get it running, the best person to ask will possibly be Cody, so look for him to come online. I must admit that I'm surprised because Genesis Matrix and the arrow etc are not resource hungry.....I'm running 4 currency pairs with 2 charts per pair, so that's 8 charts and sometimes 10 charts and I never have the problem that you are experiencing.

^ Hi RJ, may I ask which other timeframe you watch per currency pair (other than the 5M)? I'm now on page 86 of the thread, pluggin along. Found out the FXI Pivots seems to be the pivots of choice. (thanks 'thoughts')

Thank you.

-P
Tight Stop Losses are False Economy - RJ
  • #13,294
  • May 14, 2013 1:16pm May 14, 2013 1:16pm
Quoting stevepatt
{quote} Hi Kosmo, I find it takes far more patience to trade the lower TFs on a slow day than the H4 charts on any day. I only recently started trading higher TFs and I find it a much more relaxed way to trade, but that's just me everyone is different. I'm not a full time trader and have a full time job, so checking four hour charts works much better for me. I can't check charts during my working day so I have to have a set and forget approach to my trading. That's where sound MM comes in, I don't take a trade unless I'm fully prepared to...
It surely does. I presume it's a different kind of patience when trading H4. It takes more time for a trade to play out. Sounds like a perfect addition to a busy job schedule, though, or to a day trading account as in my case.

Thanks again, Steve.

I should say, keep calm and trade H4
mind over matter
  • #13,295
  • May 14, 2013 4:10pm May 14, 2013 4:10pm
Quoting Pippicidal
{quote} ^ Hi RJ, may I ask which other timeframe you watch per currency pair (other than the 5M)? I'm now on page 86 of the thread, pluggin along. Found out the FXI Pivots seems to be the pivots of choice. (thanks 'thoughts') Thank you. -P

Hi,

On my monitors I have an M5 and an M15 chart for each pair that I trade, and I'm looking for the 2 TF's to agree on a trade before I enter. Sometimes the trade is more clear to see on the M5, sometimes it's more clear on the M15, the important thing is that both TF's are in agreement . I do look at the H1, H4, Daily and Weekly at least once a day, just to see how the 'big picture' is developing, and if I see anything worth noting, then I jot it down in my dairy and put a sticky on the page.

Yes FXI Pivots is very good because you can see past pivot levels as well, rather than just todays pivots, which is the case for many other pivot indies. As I said though, it's essential that the information going into the pivot indi is correct if we expect to see accurate pivot information displayed on the chart. If there brokers server time (or off set) is wrong, then the information will be wrong. Some brokers use a Sunday candle, which also is wrong and gives incorrect information. There are other pivot indies that you can use that have setting you can adjust to compensate for this, but then we have dalylight saving to consider as well. So my advice is to find a broker with the correct server time. My broker has it all wrong, so I do my charting on a demo account of a broker who has it set properly.

I find this whole pivot difference extremely annoying and very childish of the brokers......we have an accepted global time standard called 'GMT', so if all brokers used the same offset, GMT + 2, we wouldn't have this issue. I wonder why they persist in such pettiness?.......anyway....that's another story!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,296
  • May 14, 2013 4:16pm May 14, 2013 4:16pm
Quoting JasonDeaN
For me the day ended badly. Indicator ASCTrend confirmed only 3 trades for me today. And I have not had time. I had resolved to return to the initial version of the system. Deleted all of their indicators. RJ was right saying that this is all just keep you from using the system!
Some days are like that. I didn't have a good day either. Not because there weren't any good set ups, just that I was 'out of tune' with the market for some reason. No big deal though, a sleep and shower and bit of outside exercise will soon sort that out!

Any of the indicators that come from Xaphod, ASCTrend included, are good indicators and are complimentary to the system. I use many of Xaphods indies, but I don't show them on the charts I post because I want to keep my posts clean for the newcomers to the thread etc. You may feel more comfortable using the standard set up, and that's great.....as you get more experience and better at it, you might like to add some of Xaphods great indicators and try them out. They won't tell you anything you don't already know, or can't find out by switch TF's, but they make things much easier to see. But first you must learn to walk...before you can run
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,297
  • May 14, 2013 4:48pm May 14, 2013 4:48pm
What do you think. Was correct input?
Attached Image
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,298
  • May 14, 2013 4:54pm May 14, 2013 4:54pm
Quoting JasonDeaN
What do you think. Was correct input? {image}
Did you just enter this trade now?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,299
  • May 14, 2013 4:56pm May 14, 2013 4:56pm
Yes, Something wrong?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,300
  • May 14, 2013 4:57pm May 14, 2013 4:57pm
Quoting JasonDeaN
Yes
Well your market open time indicator is set wrong. Tokyo is not open for another 3 minutes......which is why I wouldn't have entered that trade.
Doing what you like is Freedom. Liking what you do is Happiness.
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