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Genesis Matrix Trading

  • #18,801
  • Oct 22, 2013 6:57am Oct 22, 2013 6:57am
Quoting realjumper
{quote} True, but the point of the article was really to say that the Republicans essentially took a knife to a gunfight, and they have been wounded so they won't try that ultimatum trick again in a hurry!!
Yup, spot on, so no more default rubbish, but that means letting rip to spending
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,802
  • Oct 22, 2013 7:05am Oct 22, 2013 7:05am
Quoting Martyfish
{quote} Yup, spot on, so no more default rubbish, but that means letting rip to spending
Exactly, but their debt is something like $58k per capita....so what's a few more thousand per capita?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,803
  • Oct 22, 2013 7:11am Oct 22, 2013 7:11am
Quoting Martyfish
{quote} I disagree with that. To improve the probability of a trade, whatever TF you time your trade on having a M30 (or higher) trend to follow, will increase the probability of the trade giving a higher R:R. {quote} NO !! Look at any TF, stoch will twist up and down, while trend continues in the same direction - They are called pullbacks against a trend, which is what stochs highlight.
I'll try to answer. Probably not the best answer, but let's keep the game going.

To me it is price being above or below a moving average line. Eg the 60 day SMA that Marty has suggested before. If we put it on a 30min and/or 60 min chart and look back a few days, usually it is pretty clear where the trend is.

When it's hovering close to the 60d SMA on either 30min or 60 min chart, then I'd like to combine this with a look at the corresponding stoch position (M30 Stoch on M30 chart and M60 Stoch on M60 chart). If the trend is up, ie prices above the 60d SMA, then I'd like to see the stoch making its retracement to OS position (ie below 20) while prices remain above or near the 60d SMA. Then when the stoch exit OS and moves towards OB, prices will move in the direction of trend and away from the moving average.

Of course, at some point price will cross the moving average with enough momentum that prices will then be below the 60d SMA and to an extent such that (perhaps not first retracement, but soon enough) when the stoch retraces back up OB position price no longer crosses above the 60d SMA and a down trend is confirmed once the stoch exits OB and price moves down below the moving average.
  • #18,804
  • Oct 22, 2013 7:22am Oct 22, 2013 7:22am
If anyone has any trades open, they might want to consider closing them very soon. There could be some big swings, particularly on the Yen crosses......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,805
  • Oct 22, 2013 7:30am Oct 22, 2013 7:30am
thats bad !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,806
  • Oct 22, 2013 7:33am Oct 22, 2013 7:33am
Quoting Martyfish
Some non-farm payrolls trading strategy from RBS Here’s the gameplan from the currency strategists at RBS. The consensus for NFP is 180K after a 169K reading for August A rise of 200K or more with upward revisions to July and August would be needed to resurrect talk of a December taper Fade any US strength on a number between 170K and 180K especially vs EUR, AUD and NZD A reading of 130-160K would solidify views of no taper until 2014, would boost...
Was a pretty good call though ... FWIW ...
  • #18,807
  • Oct 22, 2013 7:44am Oct 22, 2013 7:44am
USD Index is getting smashed....predictable after those numbers......
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,808
  • Oct 22, 2013 8:06am Oct 22, 2013 8:06am
Quoting realjumper
{quote} Exactly, but their debt is something like $58k per capita....so what's a few more thousand per capita?
If you take unfunded pensions and healthcare, it is $1m per taxpayer
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,809
  • Oct 22, 2013 8:06am Oct 22, 2013 8:06am
So getting back to my point.

When M30 trend and M30 stochs heading in same direction, you get a stronger move, than when M30 stoch cross against M30 trend, ie a CT move.

So if you time your M1/M5 entry when M30 trend and M30 stochs allign, you get a higher probability move.

As RD said, I define an M30 trend, eg uptrend when price is above M30-SMA60 and M30-EMA30 is above M30-SMA60. Or if you just want to use M30-SMA60, but the 2 together is stronger.

RE CT moves, the further price is away from SMA60, the greater the probability of a tradeable move; the closer price gets to the SMA60, the smaller the move
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,810
  • Oct 22, 2013 8:12am Oct 22, 2013 8:12am
Quoting Martyfish
{quote} If you take unfunded pensions and healthcare, it is $1m per taxpayer
That's a nice round number isn't it?!?!........

Time to go for me.....Mums next eye appointment is tomorrow so she'll get the other eye done in 2 weeks. So I will miss Tokyo tomorrow, but hopefully we can have some volatility now that we are getting some data from Uncle Same.

Back for Frankie

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,811
  • Oct 22, 2013 9:53am Oct 22, 2013 9:53am
Quoting Martyfish
So getting back to my point. When M30 trend and M30 stochs heading in same direction, you get a stronger move, than when M30 stoch cross against M30 trend, ie a CT move. So if you time your M1/M5 entry when M30 trend and M30 stochs allign, you get a higher probability move. As RD said, I define an M30 trend, eg uptrend when price is above M30-SMA60 and M30-EMA30 is above M30-SMA60. Or if you just want to use M30-SMA60, but the 2 together is stronger. RE CT moves, the further price is away from SMA60, the greater the probability of a tradeable move;...

I wasn't too far off
  • #18,812
  • Oct 22, 2013 9:54am Oct 22, 2013 9:54am
Quoting realjumper
{quote} That's a nice round number isn't it?!?!........

http://www.usdebtclock.org/

Sorry, I rounded it, as of this post $1,101,833...and going up all the time
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,813
  • Oct 22, 2013 9:57am Oct 22, 2013 9:57am
Quoting RainyDay1
{quote} I wasn't too far off
Yup, we said the same thing, just in different words, different emphasis !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,814
  • Oct 22, 2013 10:30am Oct 22, 2013 10:30am
RJ,

Immediately thought of you when I opened up Google today - celebrating the 216th anniversary of the first parachute jump - and played the game
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  • #18,815
  • Oct 22, 2013 10:36am Oct 22, 2013 10:36am
Quoting Martyfish
So getting back to my point. When M30 trend and M30 stochs heading in same direction, you get a stronger move, than when M30 stoch cross against M30 trend, ie a CT move. So if you time your M1/M5 entry when M30 trend and M30 stochs allign, you get a higher probability move. As RD said, I define an M30 trend, eg uptrend when price is above M30-SMA60 and M30-EMA30 is above M30-SMA60. Or if you just want to use M30-SMA60, but the 2 together is stronger. RE CT moves, the further price is away from SMA60, the greater the probability of a tradeable move;...
Hi MF, i would like to ask you if is this the way you use genesis? also for M5 entry?
I ask because I respect your point of view, and i've never used M5 genesis matrix combined with moving averages on HTF (M30). So if you tell me that this helps you to do HPT, i'll follow the rules you wrote.
Thank you
Ciao. Luca
  • #18,816
  • Oct 22, 2013 10:50am Oct 22, 2013 10:50am
Quoting Lio46
{quote} Hi MF, i would like to ask you if is this the way you use genesis? also for M5 entry? I ask because I respect your point of view, and i've never used M5 genesis matrix combined with moving averages on HTF (M30). So if you tell me that this helps you to do HPT, i'll follow the rules you wrote. Thank you
That is exactly the way I use Genesis, cant remember when I first posted about my use of MAs with Genesis, but I think it was earlier on this year, around March time, but I had been using them earlier than that, probably around December last year, I needed to find a way to filter Genesis signals.

Problem is because it filters out a lot trades, most people dont have the patience to wait for a setup, but when the setup occurs, it is very HPT trade.

RJ has his application of Genesis, but he has a far better eye for trade, and I am no where near as good as him, in that respect, so I need MAs to help me.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,817
  • Oct 22, 2013 10:54am Oct 22, 2013 10:54am
Quoting Lio46
{quote} Hi MF
Oh, and its Marty, not MF, people may think you are swearing at me.....
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,818
  • Oct 22, 2013 10:59am Oct 22, 2013 10:59am
Quoting Martyfish
{quote} Oh, and its Marty, not MF, people may think you are swearing at me.....
Sorry
Ciao. Luca
  • #18,819
  • Oct 22, 2013 11:09am Oct 22, 2013 11:09am
Quoting Martyfish
{quote} That is exactly the way I use Genesis, cant remember when I first posted about my use of MAs with Genesis, but I think it was earlier on this year, around March time, but I had been using them earlier than that, probably around December last year, I needed to find a way to filter Genesis signals. Problem is because it filters out a lot trades, most people dont have the patience to wait for a setup, but when the setup occurs, it is very HPT trade. RJ has his application of Genesis, but he has a far better eye for trade, and I am no where...
I didn't know you use MA, so i'll search your posts where you explain that, but i knew you look at HTF and other rules.
I think there is nothing bad using MA, indeed you found a good, objective and easy filter to spot HPT. No one here has RJ eye and intinct to find HPT.
Congratulations Marty and thank you for your advices
Ciao. Luca
  • #18,820
  • Oct 22, 2013 11:25am Oct 22, 2013 11:25am
Quoting Martyfish
{quote} Oh, and its Marty, not MF, people may think you are swearing at me.....
Oops, made that mistake a few times.
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