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Genesis Matrix Trading

  • #14,981
  • Jun 17, 2013 3:32am Jun 17, 2013 3:32am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting WDays
{quote} Exactly why I shorted, it could have stayed OS until my target was hit THEN came up Also why I don't pay that close attention to H1 stoch (I still do check it out in case it's rising or falling..) {quote} I feel less alone now
An opposing arrow is a sure reason to close out. I see that arrow was late and can't remember if it spiked up but there is not a reason to convince yourself it may turn back after an arrow. (I disregarded the pivot too) Euro is hard to work out at present and is erratic to say the least
  • #14,982
  • Jun 17, 2013 3:33am Jun 17, 2013 3:33am
Quoting WDays
In my head EU was simply being choppy and was going all over the room
Yes it is choppy.....but it has been choppy on the way up all this month....from 2850, to where it is now. However, on Friday it failed to make a higher high...in fact it made 2 lower highs, so perhaps the bull run is taking a breather before it decides whether to carry on or turn around. Either way, right now for me, trading EU is not on my plan
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,983
  • Jun 17, 2013 3:51am Jun 17, 2013 3:51am
Quoting realjumper
{quote} Yes it is choppy.....but it has been choppy on the way up all this month....from 2850, to where it is now. However, on Friday it failed to make a higher high...in fact it made 2 lower highs, so perhaps the bull run is taking a breather before it decides whether to carry on or turn around. Either way, right now for me, trading EU is not on my plan
This seems to be the right thing to do, but today is monday... choppier and riskier to trade imo, it's kind of like market tries to choose a direction on mondays
  • #14,984
  • Jun 17, 2013 4:33am Jun 17, 2013 4:33am
Quoting WDays
Sometimes I really think that the market is out to get me I'm having a bad beat... I realize I traded against the m15 arrow, but I thought stoch was okay to short... {image}
With London just opening and only around 5 pips away from the Asian session low is what stopped me from looking at a short.
  • #14,985
  • Jun 17, 2013 4:45am Jun 17, 2013 4:45am
Quoting lastingwell
{quote} With London just opening and only around 5 pips away from the Asian session low is what stopped me from looking at a short.
Well it all depends, sometimes there's enough momentum for price to surge and hit tp in less than an hour, sometimes it's slow and choppy... But from today on I'd rather take the one setup I look for every time and lose sometimes, than watch price hit my target without me on for the ride. I never trade against m15 and h1, like I said according to my observations H1 was choppy and wasn't going anywhere specific, m15 had been dropping a little since friday. I tried to take advantage of market open momentum, but it didn't work... I'm betting if this were any other pair that gave me this setup it would have worked out, but EU has just been complete crap lately.

sad part is I'm actually losing in poker atm, too
  • #14,986
  • Jun 17, 2013 4:48am Jun 17, 2013 4:48am
Quoting WDays
{quote} Well it all depends, sometimes there's enough momentum for price to surge and hit tp in less than an hour, sometimes it's slow and choppy... But from today on I'd rather take the one setup I look for every time and lose sometimes, than watch price hit my target without me on for the ride. I never trade against m15 and h1, like I said according to my observations H1 was choppy and wasn't going anywhere specific, m15 had been dropping a little since friday. I tried to take advantage of market open momentum, but it didn't work... I'm betting...
I will take those sorts of trades if there is enough room from the top or bottom of the session to be able to move to breakeven if needed. Otherwise I pass and if it goes through I will go in on a retracement.
  • #14,987
  • Jun 17, 2013 6:03am Jun 17, 2013 6:03am
Slow market at the moment. I see the 'G8 Meetings' will be starting shortly. I wonder how the 'G8 Meetings' differ from the 'G8 Summit' that the suits just had?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,988
  • Jun 17, 2013 6:19am Jun 17, 2013 6:19am
Quoting realjumper
I see the 'G8 Meetings' will be starting shortly. I wonder how the 'G8 Meetings' differ from the 'G8 Summit' that the suits just had?
For goodness sake RJ you can see the difference.....ones a meeting and ones a summit
  • #14,989
  • Jun 17, 2013 6:20am Jun 17, 2013 6:20am
Quoting lastingwell
{quote} For goodness sake RJ you can see the difference.....ones a meeting and ones a summit

.... lol.... this ought to be good.....
.... laughing all the way to the bank
  • #14,990
  • Jun 17, 2013 6:23am Jun 17, 2013 6:23am
Quoting lastingwell
{quote} For goodness sake RJ you can see the difference.....ones a meeting and ones a summit
You mean...... .....that they don't actually meet at the summit....omg....I never would have thought that.....omg.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,991
  • Jun 17, 2013 6:24am Jun 17, 2013 6:24am
Quoting realjumper
{quote} You mean...... .....that they don't actually meet at the summit....omg....I never would have thought that.....omg.....

I can see Im going to have to give you lessons on fundamentals RJ.
  • #14,992
  • Jun 17, 2013 6:36am Jun 17, 2013 6:36am
Quoting lastingwell
{quote} I can see Im going to have to give you lessons on fundamentals RJ.
Yes, I think you are......this is obviously far more complex that I had ever imagined....in my wildest dreams....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,993
  • Jun 17, 2013 6:39am Jun 17, 2013 6:39am
Quoting realjumper
{quote} Yes, I think you are......this is obviously far more complex that I had ever imagined....in my wildest dreams....

Thats ok, it all comes pretty easily to me I'll help you
  • #14,994
  • Jun 17, 2013 6:45am Jun 17, 2013 6:45am
Quoting lastingwell
{quote} Thats ok, it all comes pretty easily to me I'll help you
Thank you......I will be forever in your debt and I promise to pay attention :nerd:
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,995
  • Jun 17, 2013 8:57am Jun 17, 2013 8:57am
This is why I don't take arrows very seriously
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  • #14,996
  • Jun 17, 2013 9:06am Jun 17, 2013 9:06am
Quoting WDays
This is why I don't take arrows very seriously {image}
Why?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,997
  • Jun 17, 2013 9:12am Jun 17, 2013 9:12am
Quoting realjumper
{quote} Why?
Because I've noticed that it biases me heavily. Before, when I saw an arrow before my entry I only looked for trades in the direction of the arrow. What I hadn't realized was that when PA was ranging/choppy I'd get arrows all over the place (like in the screen I posted). So the MTF arrows pointing up didn't mean a short trade wouldn't work (as it turns out). It's probably my interpretation that is bad, and that's the reason I became biased, but I feel more free without arrows and averages on my chart... Just pivots. Of course sometimes it pays to pay attention to the arrows (like my EU trade this morning), but if so, then only M15 arrows.

*edit* : The indicators are perfect and very useful, not saying anything like that they aren't... I am only talking about myself and the way I try to adapt genesis to fit my psychology. Just because I see it that way DOES NOT and I do not claim it does mean IT IS that way.
  • #14,998
  • Jun 17, 2013 9:15am Jun 17, 2013 9:15am
Quoting realjumper
{quote} Check your pivots too because they don't look right to me....what I have my chart is only 2 pips difference to actionforex....... {image}
Thank You RJ, next time I will check my pivots by looking at actionforex before entering any trade.
  • #14,999
  • Jun 17, 2013 9:21am Jun 17, 2013 9:21am
Quoting WDays
{quote} Because I've noticed that it biases me heavily. Before, when I saw an arrow before my entry I only looked for trades in the direction of the arrow. What I hadn't realized was that when PA was ranging/choppy I'd get arrows all over the place (like in the screen I posted). So the MTF arrows pointing up didn't mean a short trade wouldn't work (as it turns out). It's probably my interpretation that is bad, and that's the reason I became biased, but I feel more free without arrows and averages on my chart... Just pivots. Of course sometimes it...
Well there's 2 points here.....

1. The arrows are not to be used in isolation. They are an additional indication remember. As we've said on the thread, we don't have to wait for an arrow if everything else lines up. but we would be concerned if an arrow didn't appear shortly afterwards.

2. Any indicator will dance around in this kind of chop. Here is the full chart, with the Genesis Matrix and the stoch. See the Matrix giving false signals?...see the stoch doing the same? That's what happens in choppy markets and that's why we don't use single indicators in isolation. Of course we will still get the occasional false signal, but when we combine all the indicators, we greatly reduce the false signals generated.

Note: I have taken the arrows out for this screenshot
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,000
  • Jun 17, 2013 9:21am Jun 17, 2013 9:21am
Followed of course, by a perfect 2:1 win off the same S&R, right AFTER I went to bed. Maybe I'll just have to give up some sleep time.

Quoting itsallover
{quote} Your pivots don't seem right. Have a read at RJs post just above your one.
yes, I mentioned that...

Quoting ericjschroed
(Yes, my pivots are different because the broker is GMT +0; commenting to RJ's last post.)
And I'm not going to get obsessed about pivot placement. If enough other traders focus on those pivots, they will become obvious S&R points, but since they are based on the D1 according to the brokers server time, there could be 4 different sets of pivot lines, and there are many successful traders who do quite well without them.
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