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Genesis Matrix Trading

  • #21,041
  • Edited 5:45am Jan 13, 2014 5:31am | Edited 5:45am
Not well practised at this
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I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,042
  • Jan 13, 2014 5:55am Jan 13, 2014 5:55am
Quoting Martyfish
A simple Genesis rule could be if H1 & M15 Asc arrows are alligned only trade in that direction ?? You can use the AscTrend Matrix for that rule. A M5 asc arrow in the opposite direction, would be an alert, of a potential trade when M5 asc flicks back in the same direction
Just a thought at this stage Martyfish, its way past my bed time but here goes:

M15 chart
H1 Matrix
H4 Matrix

M30 Arrow
H1 Arrow
H4 Arrow

Enter on full Dash, exit on M30 Arrow in opposite direction.
I haven't had a chance to count pips, a few small losses in there, but also some big gains.

Food for thought anyway

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #21,043
  • Jan 13, 2014 6:26am Jan 13, 2014 6:26am
Quoting ExcessFX
{quote} Just a thought at this stage Martyfish, its way past my bed time but here goes: M15 chart H1 Matrix H4 Matrix M30 Arrow H1 Arrow H4 Arrow Enter on full Dash, exit on M30 Arrow in opposite direction. I haven't had a chance to count pips, a few small losses in there, but also some big gains. Food for thought anyway ExcessFX {image}
Excess,

That is what I have on my M15 chart.

And there is nothing wrong with that.

The big problem is post people are too impatient to wait for M15/H1 signals.

Which is why I have that M15 chart up, but then time my entries on a M5 chart.

That way people with smaller trading balances can trade on H1/M15 signals using M5 (or even M1) timing of entries
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,044
  • Jan 13, 2014 6:28am Jan 13, 2014 6:28am
Quoting Martyfish
Not well practised at this {image}
I thought death penalty was imposed here for japanese candlesticks... lol
The single most important factor is having control of your own life.
  • #21,045
  • Jan 13, 2014 7:00am Jan 13, 2014 7:00am
Quoting Mikkk01
{quote} I thought death penalty was imposed here for japanese candlesticks... lol
Mikkk,

I dont see the point of having HA candles indicating trend, then having MAs indicating trend ?? Plus there are trend indicators in the Genesis Matrix.

Thats OTT !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,046
  • Jan 13, 2014 7:12am Jan 13, 2014 7:12am
Quoting Martyfish
{quote} Mikkk, I dont see the point of having HA candles indicating trend, then having MAs indicating trend ?? Plus there are trend indicators in the Genesis Matrix. Thats OTT !!
Maybe you're right - it's just kinda rigorous rule from post #1. If that's ok to use them now - no problem...
The single most important factor is having control of your own life.
  • #21,047
  • Jan 13, 2014 7:43am Jan 13, 2014 7:43am
Quoting Mikkk01
{quote} Maybe you're right - it's just kinda rigorous rule from post #1. If that's ok to use them now - no problem...
The main emphasis from RJ's rules, is no non-Genesis indies.

Japanese candlesticks are not an indie, but raw price, which there is a lot of information gained by using them, that you lose with HA candles.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,048
  • Jan 13, 2014 7:45am Jan 13, 2014 7:45am
Closed EJ short +23 pips

Entered on open of 13:20 candle

GU short still open
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,049
  • Jan 13, 2014 7:45am Jan 13, 2014 7:45am
Baaa, look at EJ! I went to the gym and came back at NY open, didnt have my account open cuz i lost one trade and done for the day... I should have waited, the trend for the day was way down and waited for an opportunity to reenter the sell position. Oww well, more opportunities in the future.

Happy pipping to those who entered that EJ trade at NY open!
  • #21,050
  • Jan 13, 2014 7:49am Jan 13, 2014 7:49am
Closed GU +68 pips

Entered on the open of 12:05 candle

Reason for closing - Please dont ask me !!

Oh closed EJ on S3
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,051
  • Jan 13, 2014 7:50am Jan 13, 2014 7:50am
Was just checking the last PM's here and want to remind this:

Quoting Martyfish
Not well practised at this {image}
3. I have tried Heiken Ashi candles for several weeks now, and I have read the Heiken Ashi PDF, but I just don't like them. Can I use Japanese Candles please?
No you can't, but.......what you do on your computer at home is entirely up to you! However, any chart you post to the thread *must* abide by the rules, including the Heiken Ashi candles. So if you want to use Japanese Candles at home....fine.....just make sure that any charts you post to the thread abides by the rules.
  • #21,052
  • Jan 13, 2014 7:58am Jan 13, 2014 7:58am
Quoting Fame of me
Was just checking the last PM's here and want to remind this: {quote} 3. I have tried Heiken Ashi candles for several weeks now, and I have read the Heiken Ashi PDF, but I just don't like them. Can I use Japanese Candles please? No you can't, but.......what you do on your computer at home is entirely up to you! However, any chart you post to the thread *must* abide by the rules, including the Heiken Ashi candles. So if you want to use Japanese Candles at home....fine.....just make sure that any charts you post to the thread abides by the rules.
Great to hear from you FoM, ok I stand corrected, to post HA candles from now on !!

My humblest apologies !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,053
  • Jan 13, 2014 8:00am Jan 13, 2014 8:00am
I will stand on my logic, its daft.

Whats the word "collinearity"

Duplication of multiple indicators, telling you the same thing
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,054
  • Jan 13, 2014 8:13am Jan 13, 2014 8:13am
Quoting Martyfish
Closed EJ short +23 pips Entered on open of 13:20 candle GU short still open
Got that close hopelessly wrong, thought BRN and S3 would stop it
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,055
  • Jan 13, 2014 8:15am Jan 13, 2014 8:15am
Marty, how long have you been trading? And how long have you used Genesis? Did it take long for you to become successful with the system? If you don't mind me asking. Almost every post you put on here is golden!
  • #21,056
  • Jan 13, 2014 8:19am Jan 13, 2014 8:19am
Quoting Fame of me
Was just checking the last PM's here and want to remind this: {quote} 3. I have tried Heiken Ashi candles for several weeks now, and I have read the Heiken Ashi PDF, but I just don't like them. Can I use Japanese Candles please? No you can't, but.......what you do on your computer at home is entirely up to you! However, any chart you post to the thread *must* abide by the rules, including the Heiken Ashi candles. So if you want to use Japanese Candles at home....fine.....just make sure that any charts you post to the thread abides by the rules.
Welcome Back FOM!..glad to hear you back...
  • #21,057
  • Jan 13, 2014 8:20am Jan 13, 2014 8:20am
Quoting Martyfish
Closed EJ short +23 pips Entered on open of 13:20 candle GU short still open
...
  • #21,058
  • Jan 13, 2014 8:23am Jan 13, 2014 8:23am
Quoting hunter101
Marty, how long have you been trading? And how long have you used Genesis? Did it take long for you to become successful with the system? If you don't mind me asking. Almost every post you put on here is golden!
Hunter,

Forex trading just coming up 5 years.

Prior to that I traded shares on and off for about 20 years, only got into TA in the last 5 years of that time.

Also in my previous career I worked in Corporate Treasury managing hedging exposures for a FSTE 100 plc.

Then ran my own consulting business advising on risk management to small companies.

Genesis since last September
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,059
  • Jan 13, 2014 8:34am Jan 13, 2014 8:34am
Quoting Martyfish
I will stand on my logic, its daft. Whats the word "collinearity" Duplication of multiple indicators, telling you the same thing
There's also a phrase that springs to my mind Marty given certain postings on here recently.

It includes the words 'kettle', 'black' and 'pot'!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,060
  • Jan 13, 2014 8:37am Jan 13, 2014 8:37am
Quoting scarlet pipe
{quote} There's also a phrase that springs to my mind Marty given certain postings on here recently. It includes the words 'kettle', 'black' and 'pot'!
Please elaborate Scarlet ?
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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