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Genesis Matrix Trading

  • #15,241
  • Jun 21, 2013 2:07am Jun 21, 2013 2:07am
Kuroda had nothing new to say....markets are used to his sitting on the fence.....moving on.,....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,242
  • Jun 21, 2013 2:07am Jun 21, 2013 2:07am
Quoting realjumper
{quote} Glad you're getting it sorted....the problem must be at your end because you can see how many downloads of the system there has been, but no issues like yours have surfaced before. Still....ASCTrend gives the same signals as the Arrow, and the code, thanks to Xaphod, is clean and efficient.

Hi Real Jumper. Yes problem was on my end I reinstalled my MT4 and reinstalled all the Genesis files and works like a charm now, so I must have had a file out of place somewhere. I am using the arrow for the moment, but does lag a little and have taken a couple trades on m5 before it pops and then the arrow kind of confirms it shortly after.

So far great system guys! Excellent work and looking forward to further trades.

Happy trading!

Six
  • #15,243
  • Jun 21, 2013 2:09am Jun 21, 2013 2:09am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
BOJ Gov Kuroda is going to be yappin in about 30 minutes.........
He obviously isn't talking about any bold action this time round........
  • #15,244
  • Jun 21, 2013 2:12am Jun 21, 2013 2:12am
Quoting Sixfour
{quote} Hi Real Jumper. Yes problem was on my end I reinstalled my MT4 and reinstalled all the Genesis files and works like a charm now, so I must have had a file out of place somewhere. I am using the arrow for the moment, but does lag a little and have taken a couple trades on m5 before it pops and then the arrow kind of confirms it shortly after. So far great system guys! Excellent work and looking forward to further trades. Happy trading! Six
As said in the Post #1, I don't wait for the arrow to appear if everything else lines up, but I do get concerned if I don't see it soon after my entry
In Love with Genesis
  • #15,245
  • Jun 21, 2013 2:13am Jun 21, 2013 2:13am
Quoting Sixfour
{quote} Hi Real Jumper. Yes problem was on my end I reinstalled my MT4 and reinstalled all the Genesis files and works like a charm now, so I must have had a file out of place somewhere. I am using the arrow for the moment, but does lag a little and have taken a couple trades on m5 before it pops and then the arrow kind of confirms it shortly after. So far great system guys! Excellent work and looking forward to further trades. Happy trading! Six
When there is a reversal, the Arrow certainly will lag, as will many indicators in such a situation. Many or us probably most of us, will enter a trade without necessarily waiting for the arrow, but it's reassuring to see it soon after. You might find that once the M15 arrow is painted onto your M5 chart permanently (at the close of the 1/4 hour), any subsequent Genesis signals on the M5 in that same direction are very good signals. In fact that was the basis that launched the 15 - 5 method as in Post #1.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,246
  • Jun 21, 2013 2:14am Jun 21, 2013 2:14am
Quoting Jamz
{quote} He obviously isn't talking about any bold action this time round........
No....I think that he won't say that unless Abe tells him to say it.......he's a good little muppet...he does what he's told!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,247
  • Edited 3:14am Jun 21, 2013 2:27am | Edited 3:14am
Quoting realjumper
{quote} Some time ago I spent about a month just trading M15 and I found it was very good. Some later entries than on M5 were to be expected, but I was shaken out of less trades, so at the end of the day, the total pip count was very similar. The pay off what that I didn't have to concentrate so intensely on the charts. Unfortunately, my documentation was very poor and I didn't keep records of my trades very well, so I couldn't share my results here. It must be a coincidence that you mention M15 trading because I have been doing it a bit lately...
I have mentioned that I trade only indices (yesterday dow went more than 300 pips straight down, extremely hard to trade it ), but out of respect to this thread I will attach a UJ chart (nothing to do with me) just to make my comments clear.
If you ask me what do you trade M5 or M15? I will reply M5. But someone could call it M15. Let us see why:

Looking at my tempate you see:
1. M5 matrix
2. Three arrows (M5, M15, M30). As I said before it is not (for me) critical to wait for all of them to close. Even if they are alligned for at least five minutes, I consider the move to be strong enough to be continued.
3. A set of M15 and H1 stochs. That sounds like an M15 template eh? (you use stochs 5 and 15 at M5 time frame, so logically you will use stochs 15 and 60 at a M15 time frame).

So what do you finally have? A template where it is almost impossible to be caught in the wrong direction of the market and with enough filters to keep yourself away from market noice (I recall the trader from Italy who posted here that he blowed some significant real money accounts by taking almost every m5 matrix signal).

On the other hand a significant difference from a purely M15 system is that I do not have to wait, for a full M15 candlle to close. Just an M5 candlle PROVIDED that at the same time all other boxes tick.

So my template might originally seems to be slow (waiting all those things to allign), but I assure you that it is really fast


I thought that after the HUGE help I have received from RJ and his amazing team, giving back here some of the things I have learnt and found out is my obligation and the least I can do.
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  • #15,248
  • Jun 21, 2013 2:42am Jun 21, 2013 2:42am
Quoting thomasK
{quote} I have mentioned that I trade only indices (yesterday dow went more than 300 pips straight down, extremely hard to trade it ), but out of respect to this thread I will attach a UJ chart (nothing to do with me) just to make my comments clear. If you ask me what do you trade M5 or M15? I will reply M5. But someone could call it M15. Let us see why: Looking at my tempate you see: 1. M5 matrix 2. Three arrows (M5, M15, M30). As I said before it is not (for me) critical to wait for all of them to close. Even if they are alligned for at...
That is very interesting Thomas....you have obviously done a bit of testing here. Thank you for posting this and for your detailed explanation. I will have a good look at this on the weekend when the markets are closed.

Great analysis.....thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,249
  • Jun 21, 2013 2:52am Jun 21, 2013 2:52am
Two more comments regarding my previous post.
Someone by just looking the previous post's chart might say:
"What protection are you talking about? I see already two losing signals to the left side of your image..."
Hm, go to babypips....
The previous move actually started a few hours before (see below), so there are no losing trades here.

A second comment has to do with ranging markets.
I was hitting my head to the wall trying to find ways to avoid ranging periods of the market.
Here the three arrows help alot. When ranging it is very common to see these arrows pointing at different directions saying to you "stay out"
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  • #15,250
  • Jun 21, 2013 3:02am Jun 21, 2013 3:02am
Quoting thomasK
Two more comments regarding my previous post. Someone by just looking the previous post's chart might say: "What protection are you talking about? I see already two losing signals to the left side of your image..." Hm, go to babypips.... The previous move actually started a few hours before (see below), so there are no losing trades here. A second comment has to do with ranging markets. I was hitting my head to the wall trying to find ways to avoid ranging periods of the market. Here the three arrows help alot. When ranging it is very common to...
You've put a lot of time into this, I can see that. I'm looking forward to testing this over the weekend. I can see the valid signals, and as you say, there were no losers there
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,251
  • Jun 21, 2013 3:43am Jun 21, 2013 3:43am
Quoting thomasK
A second comment has to do with ranging markets. I was hitting my head to the wall trying to find ways to avoid ranging periods of the market. Here the three arrows help alot. When ranging it is very common to see these arrows pointing at different directions saying to you "stay out" {image}

Thanks for your analysis Thomas. I like the idea of using the 3 arrows to identify ranging markets. My biggest weakness is getting burned in choppy markets, even when using Genesis, so I shall definitely have a look at your suggestion.

Thanks
  • #15,252
  • Jun 21, 2013 3:52am Jun 21, 2013 3:52am
Quoting Trekker
{quote} Thanks for your analysis Thomas. I like the idea of using the 3 arrows to identify ranging markets. My biggest weakness is getting burned in choppy markets, even when using Genesis, so I shall definitely have a look at your suggestion. Thanks
Choppy markets are the hardest thing....for everyone, no matter the system. The secret is to try and trade pairs that are trending, and stay away from pairs that are in a tight range. Easier said than done, I know.....but at the end of the day, keeping your money safe is number one priority. Only risk your money when there is a HPT on offer......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,253
  • Jun 21, 2013 4:04am Jun 21, 2013 4:04am
Quoting realjumper
{quote} Choppy markets are the hardest thing....for everyone, no matter the system. The secret is to try and trade pairs that are trending, and stay away from pairs that are in a tight range. Easier said than done, I know.....but at the end of the day, keeping your money safe is number one priority. Only risk your money when there is a HPT on offer......
If I can add my opinion here, and I know you guys will hear me banging on about the same thing.

But stochs will NOT tell you if markets are range-bound or trending. They only tell you if a TF is overbought or oversold

Only moving averages will tell you that, in particular the width of 2 or 3 MAs
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,254
  • Jun 21, 2013 4:08am Jun 21, 2013 4:08am
Quoting Martyfish
stochs will NOT tell you if markets are range-bound or trending
Pretty sure that I've never said that Marty.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,255
  • Jun 21, 2013 4:19am Jun 21, 2013 4:19am
Quoting realjumper
{quote} Pretty sure that I've never said that Marty.....
Sorry, RJ that comment was not aimed at your post, but the previous line of discussion.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,256
  • Jun 21, 2013 4:44am Jun 21, 2013 4:44am
Quoting realjumper
{quote} Choppy markets are the hardest thing....for everyone, no matter the system. The secret is to try and trade pairs that are trending, and stay away from pairs that are in a tight range. Easier said than done, I know.....but at the end of the day, keeping your money safe is number one priority. Only risk your money when there is a HPT on offer......

Thanks RJ.

Another way to avoid choppy markets, that I discovered earlier in the week is not to trade on the day of that the FOMC statement is released!
  • #15,257
  • Jun 21, 2013 4:45am Jun 21, 2013 4:45am
Nice pips on EJ this morning, relatively quick 70 pips up earlier this morning and now another 70 pips down +140 so far today.
  • #15,258
  • Jun 21, 2013 4:49am Jun 21, 2013 4:49am
I also have to say thank you to Martyfish for his "banging on" about Xaphods H1 stoch and how it lets you see the movement of it. I used to wait for the cross of the h1 stoch but thats far too slow on the M5 but with Xaphods stoch you can see the movements as they happen on the M5 and its brilliant, so thanks Marty
  • #15,259
  • Jun 21, 2013 4:51am Jun 21, 2013 4:51am
Quoting Martyfish
{quote} If I can add my opinion here, and I know you guys will hear me banging on about the same thing. But stochs will NOT tell you if markets are range-bound or trending. They only tell you if a TF is overbought or oversold Only moving averages will tell you that, in particular the width of 2 or 3 MAs

Thanks Marty. Using MA's to identify ranging markets is not something I've used before. I'll have to have a further look into that.

BTW I'm sure sure if you were referring to Thomas's idea of using arrows to identify ranging markets, but I think he was referring to using ASCTrend Matrix to help, not the stochs.
  • #15,260
  • Jun 21, 2013 5:08am Jun 21, 2013 5:08am
Quoting Trekker
{quote} Thanks Marty. Using MA's to identify ranging markets is not something I've used before. I'll have to have a further look into that. BTW I'm sure sure if you were referring to Thomas's idea of using arrows to identify ranging markets, but I think he was referring to using ASCTrend Matrix to help, not the stochs.
Exactly.
I have mentioned three arrows (reffering always to my template):

"A second comment has to do with ranging markets.
I was hitting my head to the wall trying to find ways to avoid ranging periods of the market.
Here the three arrows help alot. When ranging it is very common to see these arrows pointing at different directions saying to you "stay out" "

What has stochastics to do with that?
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