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Genesis Matrix Trading

  • #13,361
  • May 15, 2013 10:55am May 15, 2013 10:55am
Quoting padila
{quote} Just as a learning point for me, Kelly, did you sell to daily S1, after European open?
No I actually got in quite late on that one ... it was after NY Open. PA had bounced off the round number and the stochs and Genesis signal were for a short trade. I exited before my target of S1, because PA formed a double bottom on the 1 minute chart and I thought PA would struggle to go lower.



....... plus.... when PA formed the double bottom the stochs were on the floor.
.... laughing all the way to the bank
  • #13,362
  • May 15, 2013 10:56am May 15, 2013 10:56am
Quoting itsallover
{quote} You got off lightly there Pipicidal. There was a monthly pivot just below your point of entry which caused PA to bounce the way it did. I think you got the tail end of the trend - you always have to be very careful when PA has traveled a fair bit, in case it decides it wants to range or reverse.
Interesting. I'll have to watch out for the monthly pivots as well. They are not plotted on the FXI pivots indi as far as I can tell. Do you draw them in manually?

Stop is currently at -2 pips.
Tight Stop Losses are False Economy - RJ
  • #13,363
  • May 15, 2013 11:01am May 15, 2013 11:01am
Quoting itsallover
{quote} No I actually got in quite late on that one ... it was after NY Open. PA had bounced off the round number and the stochs and Genesis signal were for a short trade. I exited before my target of S1, because PA formed a double bottom on the 1 minute chart and I thought PA would struggle to go lower. ....... plus.... when PA formed the double bottom the stochs were on the floor.
Thanks, I can see your entry.
What the mind does not know, the eyes cannot see
  • #13,364
  • May 15, 2013 11:04am May 15, 2013 11:04am
Quoting Pippicidal
{quote} Interesting. I'll have to watch out for the monthly pivots as well. They are not plotted on the FXI pivots indi as far as I can tell. Do you draw them in manually? Stop is currently at -2 pips.
Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points.
Attached File(s)
File Type: ex4 Pivots Monthly.ex4   4 KB | 484 downloads
File Type: ex4 Pivots Monthly(Mid).ex4   4 KB | 495 downloads
.... laughing all the way to the bank
  • #13,365
  • May 15, 2013 11:41am May 15, 2013 11:41am
Quoting itsallover
{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}
Cool, thanks.
Tight Stop Losses are False Economy - RJ
  • #13,366
  • May 15, 2013 12:13pm May 15, 2013 12:13pm
Quoting realjumper
{quote} If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite.... There;'s no need to look for 'home runs' every time you sit down to trade. 4 trades of 5 pips = 20 pips. Anyway, I hope that helps.....

Thanks RJ.

Once again, very clear explanation.
What the mind does not know, the eyes cannot see
  • #13,367
  • May 15, 2013 3:46pm May 15, 2013 3:46pm
Quoting itsallover
{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}
Oooooooo......I dunno Kelly....LOL!!

No that's fine.....I don't pay any notice to monthly pivots, as you know, but some people like to use them so it's all good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,368
  • May 15, 2013 3:47pm May 15, 2013 3:47pm
Just a reminder before I go for breakfast....NZ budget day today, so Kiwi traders beware!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,369
  • May 16, 2013 12:41am May 16, 2013 12:41am
Quoting realjumper
Just a reminder before I go for breakfast....NZ budget day today, so Kiwi traders beware!!
Well that all turned into a non-event...lol. Still, better to be safe than sorry.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,370
  • May 16, 2013 12:59am May 16, 2013 12:59am
Quoting PipMonster1
{quote} Actually just playing with the idea at the moment. 5M chart with 15/30M next higher TF's - yes, the 15M arrows do appear but just testing really. I still use the 1H/4H on a different chart. PM1
Thanks for the answer, PIPMONSTER, that is interesting....I have been using the Genesis arrows on Daily/ weekly ( Eur/jpy,Usd/jpy,Eur/Us) with good results,

have a backtest if you have time, cheers, S
Onwards and upwards...
  • #13,371
  • May 16, 2013 1:01am May 16, 2013 1:01am
Took these trades but can't get anything right recently.

Long GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 16.05.13 GBPUSD Long.PNG Size: 96 KB


SHORT USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: 16.05.13 USDCHF Short.PNG Size: 94 KB


Got stopped out with fairly tight stops.

Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.
  • #13,372
  • May 16, 2013 1:08am May 16, 2013 1:08am
Quoting Autobotsgo
Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.
The position of SL has been spoken about many, many, many times since Post #2, and never has the position of the SL deviated.

Your trades were also taken before Frankie.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,373
  • May 16, 2013 1:22am May 16, 2013 1:22am
Quoting Autobotsgo
Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.
You have to change your market open line by a long way that was well before Frankie. Go to the bottom of the page and click on market then change your opening times to match those.
  • #13,374
  • May 16, 2013 1:23am May 16, 2013 1:23am
Thanks Realjumper.

I don't always use tight stops and am rarely stopped out of successful trades. I'll make sure I don't trade before Frankie.

Cheers.

Edit: I usually use the recent swing high/low to base stops.
  • #13,375
  • May 16, 2013 1:24am May 16, 2013 1:24am
Quoting lastingwell
{quote}You have to change your market open line by a long way that was well before Frankie. Go to the bottom of the page and click on market then change your opening times to match those.
Ya after Realjumper's response I realised I had my GMT offset wrong. Whoops
  • #13,376
  • May 16, 2013 1:29am May 16, 2013 1:29am
Quoting Autobotsgo
Thanks Realjumper. I don't always use tight stops and am rarely stopped out of successful trades. I'll make sure I don't trade before Frankie. Cheers.
Well...you know....the SL position has been done to death.....yet still people place their SL's where they are going to get hit....and I just explained the EXACT issue you have with your market open times YESTERDAY......sigh....give me strength...<facepalm>
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,377
  • May 16, 2013 1:35am May 16, 2013 1:35am
Quoting realjumper
{quote} Well...you know....the SL position has been done to death.....yet still people place their SL's where they are going to get hit....and I just explained the EXACT issue you have with your market open times YESTERDAY......sigh....give me strength...<facepalm>
You did? Sorry I must have missed it.
  • #13,378
  • May 16, 2013 1:38am May 16, 2013 1:38am
Hi RJ. I was not able to contact support FXCM. You can not help me?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,379
  • May 16, 2013 1:38am May 16, 2013 1:38am
Quoting Autobotsgo
{quote} You did? Sorry I must have missed it.
http://www.forexfactory.com/showthre...56#post6680356
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,380
  • May 16, 2013 1:43am May 16, 2013 1:43am
Quoting JasonDeaN
Hi RJ. I was not able to contact support FXCM. You can not help me?
I'm on the other side of the planet to you...just go to http://www.fxcm.co.uk and click the 'Contact Us' link at the top of the page.

Also, FXCM runs a thread here at FF...go to http://www.forexfactory.com/showthre...=8960&page=242 and make a post to Jason (lol) as he is the FXCM rep who I'm sure will help you
Doing what you like is Freedom. Liking what you do is Happiness.
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