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Genesis Matrix Trading

  • #15,041
  • Jun 18, 2013 10:04am Jun 18, 2013 10:04am
Quoting Fame of me
Morning @ all, hmmm and again, missed lot of pips. But i really need my beauty sleep
Do like me, sleep 2-4 hours, wake up for euro open, try to catch something good then go right back to sleep until nighttime... then drink til dawn again...
  • #15,042
  • Jun 18, 2013 11:18am Jun 18, 2013 11:18am
Quoting jalkok
Nice day today ... it`s 16:45 o`clock here in Germany sunny and I just saw 29°C ... so no coffee but a nice cold beer (pils) just closed eurusd-long with +46pips.. be here tomorrow again ...
Schoene Gruesse nach Deutschland ;-)
  • #15,043
  • Edited 1:24pm Jun 18, 2013 1:10pm | Edited 1:24pm
Quoting Martyfish
{quote} Hi SJ, No I dont post my charts, because a use some non-Genesis indis, and out of respect to RJ and the Genesis team, I dont post them. But I have posted: - the MAs I use - I use H1 stoch on my M15 chart - I have M15 & M5 chart visible at all times - I use 3TF Asc tape on M5 chart M5/M15/M30 & 2TF asc tape on M15 H1/H4 - I have Genesis dash set on TFs - M5,M15,M30,H1 Oh and one other, I have adjusted the Genesis MTF arrows, so I also have M30 arrows on the M5 chart. I never trade against M30 arrows and H1 stoch...

Hi Martyfish

I have finally caught up and I am now cleansing my charts LOL. I have tested off thread backwards, forwards, inside out and all ways the Genesis approach and it came out on the right side so so many times against all kinds of other approaches and indicators. This was not to try and change the system it has crystalised a lot of good and bad knowledge for me (and cleansed somewhat my forex soul of the badness...LOL). This task has helped enormously so I could understand better the workings and feel/see the mechanics in many situations as presented by Genesis. For me once I know well how something works for example a car I can drive it without questioning what's under the hood every day

Got to add that Genesis is truly a commendable feat and with some discipline and trade management then onward

My specific question is one of clarification on your above post and you maybe suggesting having both M30 MTF arrow and asctrend matrix on your charts. From my understanding the asctrend IS the same as the MTF arrow. Am I either misreading your quote or misunderstanding the two components and the arrow and matrix are different things.

Could you clarify please, I am hoping from next week to start posting trades finally in the thread

I hope I am OK with this question, it is probably the only one after reading through this thread which is a heavy task now with all the pages, no complaints as the content is pure quality and with a little digging it answers most questions that arise (apart from this one )
  • #15,044
  • Jun 18, 2013 2:05pm Jun 18, 2013 2:05pm
Quoting TradeFinder
{quote} From my understanding the asctrend IS the same as the MTF arrow.
TradeFinder,

Yes they are the same thing, one appears on your price chart ( MTF arrow), the other as an indicator, beneath the price chart (AscTrend matrix).

So, yes there is duplication, but (and this is more for the higher TFs), an H1 arrow say, can last quite a period of time.

But I like to see (for example a long trade) the green of genesis matrix and genesis arrow matrix all green (or red).

With my M15 chart and M5 chart I can easily see multiple TFs confirming by just looking at the last M15 & M5 candles.

This is a personal preference of mine. When I see H4 & H1 arrows and Genesis matrix both confirming in the same direction, and you are instantly looking for any M15/M5 trade in that direction.

Basically the more TFs you have confirming in the same direction, the greater the probability of the trade.

Hope this helps
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,045
  • Jun 18, 2013 2:40pm Jun 18, 2013 2:40pm
Quoting Martyfish
{quote} TradeFinder, Yes they are the same thing, one appears on your price chart ( MTF arrow), the other as an indicator, beneath the price chart (AscTrend matrix). So, yes there is duplication, but (and this is more for the higher TFs), an H1 arrow say, can last quite a period of time. But I like to see (for example a long trade) the green of genesis matrix and genesis arrow matrix all green (or red). With my M15 chart and M5 chart I can easily see multiple TFs confirming by just looking at the last M15 & M5 candles. This is a personal preference...

Thanks, phew I thought I had misunderstood the two indicators

Yes one layout I tried early on had the HTF arrows say 1H/4H/Daily on a 5 min chart and it can be very graphical at turning points as they update through each of the 5 min candles. It is a marmite one and if you have more TF's then the chart can quickly gets busy with what looks similiar to S&R lines made up of arrows. I like the ASCtrend as it keeps the screen consistent but I take your point that the one arrow is closer to the chart action and very visual which I also like.......choices choices hmmm

I am still forming the MTF layout view I will use, it will be all Genesis using Xaphod's/Cody's masterful creations. I confess to have only one addition of a stoch cross alert which just helps remind me when the respective MTF's stochs are coming from a communal high or low meeting. These when they occur tend to context through Genesis the bigger moves which can top the bread and butter daily trades. This alert is needed for me as the MTF stochs get visually spread out and present a bit flat to see easily these communal highs and lows in real time. Its a molehill to a mountain type of situation, hard to catch but they do happen, which can be nice

This alert is background audible so will not show in any of the charts I will post
  • #15,046
  • Jun 18, 2013 4:51pm Jun 18, 2013 4:51pm
I need your expertise on this issue downloading custom indicators as I have done successfully in the past. After trying to save a custom indicator to my indicator list under my broker I am now experiencing this error message. Can any of you give me some tips on how to fix this issue. Thanks

Crogram files (x86) Metatrader-Alpari
(US)expertsindicators
You don't have permission to save in this location
Contact the administrator to obtain permission
Would you like to save in the Daniel folder instead?

I uninstalled and Installed my mt4 and the error message is still there. Only thing I have done differently recently is downloading power trade copier to copy my trades between two brokers.

RJ I apologize for asking help on your thread but I don't know what else to do since my current broker has no clue on this issue.

Thanks
  • #15,047
  • Jun 18, 2013 6:46pm Jun 18, 2013 6:46pm
Quoting gkawa22
I need your expertise on this issue downloading custom indicators as I have done successfully in the past. After trying to save a custom indicator to my indicator list under my broker I am now experiencing this error message. Can any of you give me some tips on how to fix this issue. Thanks Crogram files (x86) Metatrader-Alpari (US)expertsindicators You don't have permission to save in this location Contact the administrator to obtain permission Would you like to save in the Daniel folder instead? I uninstalled and Installed my mt4 and the error...
Try logging on as the Admin.
Sounds like the user you have logged in as (Daniel??) doesnt have admin privileges and therefore cant change the Program files.
  • #15,048
  • Jun 18, 2013 6:57pm Jun 18, 2013 6:57pm
Quoting gkawa22
I need your expertise on this issue downloading custom indicators as I have done successfully in the past. After trying to save a custom indicator to my indicator list under my broker I am now experiencing this error message. Can any of you give me some tips on how to fix this issue. Thanks Crogram files (x86) Metatrader-Alpari (US)expertsindicators You don't have permission to save in this location Contact the administrator to obtain permission Would you like to save in the Daniel folder instead? I uninstalled and Installed my mt4 and the error...
Try what Simon suggested or go here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,049
  • Jun 18, 2013 7:26pm Jun 18, 2013 7:26pm
Hey, RJ. (I'm up to about page 340) Would you prefer I do not post charts outside your recommended hours? I can only trade Asia. Thanks.
  • #15,050
  • Jun 18, 2013 8:21pm Jun 18, 2013 8:21pm
Quoting TradeFinder
{quote} Thanks, phew I thought I had misunderstood the two indicators Yes one layout I tried early on had the HTF arrows say 1H/4H/Daily on a 5 min chart and it can be very graphical at turning points as they update through each of the 5 min candles. It is a marmite one and if you have more TF's then the chart can quickly gets busy with what looks similiar to S&R lines made up of arrows. I like the ASCtrend as it keeps the screen consistent but I take your point that the one arrow is closer to the chart action and very visual which I also like.......choices...
I still have a lot to learn, but remember that sometimes keeping it simple can be for the best. I'm not saying that any of this is wrong - it is just that I personally have found that the more I have to consider, the harder it is to make a good sound decision.
  • #15,051
  • Jun 18, 2013 8:42pm Jun 18, 2013 8:42pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Autobotsgo
{quote} I still have a lot to learn, but remember that sometimes keeping it simple can be for the best. I'm not saying that any of this is wrong - it is just that I personally have found that the more I have to consider, the harder it is to make a good sound decision.
You are correct, Auto. The human mind can only take in so much -- remembering that indicators have already condensed a pile of info already. It does not argue against indicators, it says too much is eventually just glanced at without understanding. I'm tryng to keep it simple at present and find it is more helpful when a decision is to be made. Colour schemes are another matter.......
  • #15,052
  • Jun 19, 2013 1:42am Jun 19, 2013 1:42am
Took EJ this morning targetting the DP, took it for just over 31 pips. Apologies for the trendline I forgot to take it off first. The stop is also an emergency one put in by a script as soon as the trade goes in which I alter afterwards.
Attached Image (click to enlarge)
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  • #15,053
  • Edited 3:26am Jun 19, 2013 1:48am | Edited 3:26am
Quoting ericjschroed
Hey, RJ. (I'm up to about page 340) Would you prefer I do not post charts outside your recommended hours? I can only trade Asia. Thanks.
Sorry for the slow reply Eric.....I've been out all day sorting out a friends Micro$oft issue.....lol....a never ending saga with that shit software!

Anyway, please feel free to post your charts whenever you want, I'm sure everyone would like to see them. The reason I mentioned not trading outside of the recommended hours is because too many newcomers try to trade irrespective of the time of day, and then wonder why they don't make any decent amount of pips.

It's probably fair to say that last year the Tokyo session was very quiet...it wasn't until Abe turned up on the scene that the Tokyo session became worth trading. I too trade the Tokyo session, although not every day, it depends on what else I have to do, but it has been very lucrative this year.

So yes, as long as your charts are Genesis charts, feel free to post as much as you want
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,054
  • Edited 2:05am Jun 19, 2013 1:51am | Edited 2:05am
Quoting lastingwell
Took EJ this morning targetting the DP, took it for just over 31 pips. Apologies for the trendline I forgot to take it off first. The stop is also an emergency one put in by a script as soon as the trade goes in which I alter afterwards. {image}
Nice little earn to start the day off

I have a SL auto placed at the time of entry too...just in case....lol....you never know what will happen at any moment so I like the auto placement of an emergency stop.....as you say.....can adjust that soon enough
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,055
  • Jun 19, 2013 3:53am Jun 19, 2013 3:53am
Shorted GA and exited too early due too work related distraction ( I am trading while working in office).... should have waited until S1 to exit... but somehow I see the S1 lines wrongly then exited the trade...sigh, but I still bagged 22 pips (albeit the huge spread of more than 4 pips for this pair)
Attached Image (click to enlarge)
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Failure leads to Success if one learns from mistakes and never give up
  • #15,056
  • Jun 19, 2013 3:59am Jun 19, 2013 3:59am
dear all,
can i know what is the setting of 5 EMA?I mean is it apply to close?cause my chart looks different from u guys.anyway, thank u.
  • #15,057
  • Jun 19, 2013 4:00am Jun 19, 2013 4:00am
Quoting Gold Miner
dear all, can i know what is the setting of 5 EMA?I mean is it apply to close?cause my chart looks different from u guys.anyway, thank u.
Hi Gold Miner.. the 5 EMA setting is 5 exponential shift 2. Apply to typical price (HLC/3)
  • #15,058
  • Jun 19, 2013 4:05am Jun 19, 2013 4:05am
Quoting Gold Miner
dear all, can i know what is the setting of 5 EMA?I mean is it apply to close?cause my chart looks different from u guys.anyway, thank u.
The settings are in the template on Post #1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,059
  • Jun 19, 2013 4:06am Jun 19, 2013 4:06am
Quoting jinchu
Shorted GA and exited too early due too work related distraction ( I am trading while working in office).... should have waited until S1 to exit... but somehow I see the S1 lines wrongly then exited the trade...sigh, but I still bagged 22 pips (albeit the huge spread of more than 4 pips for this pair) {image}
20 pips is 20 pips......even if you are supposed to working...lol...tsk tsk!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,060
  • Jun 19, 2013 4:28am Jun 19, 2013 4:28am
Quoting ryanlum
{quote} Hi Gold Miner.. the 5 EMA setting is 5 exponential shift 2. Apply to typical price (HLC/3)
Thank u.
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