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Genesis Matrix Trading

  • #21,101
  • Jan 14, 2014 3:48am Jan 14, 2014 3:48am
Quoting Jamz
Here's a nice GA trade......+52.....even I can't quite believe how good this looks!
Congrats Jamz !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,102
  • Jan 14, 2014 3:49am Jan 14, 2014 3:49am
Quoting antantnz
{quote} Same result here - EJ 47
Nice trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,103
  • Jan 14, 2014 4:17am Jan 14, 2014 4:17am
EA M5 trade opened before LO even before FO but i liked M30 H1 stochs. Closed below R1 for 57 pips gain . Total 64 pips this week.

My weekly target is 50 pips what is 10 pips/day. I know it is not too much but now i am more interested in
regularity than in huge amount of pips. If some day i will be able to gain 10pips each and every day i will increase daily target.
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  • #21,104
  • Jan 14, 2014 6:17am Jan 14, 2014 6:17am
So as promised, here was my next trade.

ASCT was good on the higher 30 and was green on 5 when entered.
Matrix and stochs were good. Had recently come of DP.

The better entry (in terms of results) came at the blue line...after I went to bed.
Stochs weren't perfect on the blue line though. IMO

Thoughts?

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  • #21,105
  • Edited 7:14am Jan 14, 2014 6:43am | Edited 7:14am
Spyderman,

My favourite stoch setups (eg for a long) are where the HTF stoch is crossed up and above 50, and my timing stoch hooks back against that, then recrosses back in the same direction.

Plus the earlier entry is against M15 & M5 asc arrows.

I really do recommend looking at the M30 chart prior to any trade (I do!!)

Here is my M30 chart, pick your best entry:
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I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,106
  • Jan 14, 2014 6:53am Jan 14, 2014 6:53am
Difficult to describe in words, but if you overlaid those 2 stochs the LTF stoch is "above" the HTF stoch.

My favourite setup is when HTF stoch is above 50, and the LTF stoch crosses up through it.

Or HTF stoch is crossed up strongly between 20 - 50, and LTF stoch crosses up through it

My logic is thinking of them like MAs, you wait for weaker to cross the stronger MA.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,107
  • Jan 14, 2014 7:40am Jan 14, 2014 7:40am
Quoting spyderman
So as promised, here was my next trade. ASCT was good on the higher 30 and was green on 5 when entered. Matrix and stochs were good. Had recently come of DP. The better entry (in terms of results) came at the blue line...after I went to bed. Stochs weren't perfect on the blue line though. IMO Thoughts? {image}
I was around when set-up on your green line was forming but decided to sit it out. Here's why:

Vertical line [on both charts] is the time you entered.

ASCT isn't 'all white', m30 doesn't look good - not for me...

http://content.screencast.com/users/...01-14_1737.png
The single most important factor is having control of your own life.
  • #21,108
  • Jan 14, 2014 7:51am Jan 14, 2014 7:51am
Quoting Martyfish
Spyderman, My favourite stoch setups (eg for a long) are where the HTF stoch is crossed up and above 50, and my timing stoch hooks back against that, then recrosses back in the same direction. Plus the earlier entry is against M15 & M5 asc arrows. I really do recommend looking at the M30 chart prior to any trade (I do!!) Here is my M30 chart, pick your best entry: {image}

Thanks for the input Marty...you too Mikkk

So here's the action with the M30 added and 3 tf's...5, 15 & 30. Seems pretty obvious which is the best setup. What's RJ keep saying...PATIENCE!...
I think part of my frustration is that I'm not awake during what seems to be the best trading time

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  • #21,109
  • Jan 14, 2014 7:55am Jan 14, 2014 7:55am
I think part of my problem is that I've been wanting to get that M5 stoch coming straight from down low instead of hooking like you're talking about Marty.
Just the nature of the Stoch movement would make it very difficult for all stochs to come from the same down low point. Especially as you add HTF stochs.
  • #21,110
  • Jan 14, 2014 8:22am Jan 14, 2014 8:22am
Quoting spyderman
I think part of my problem is that I've been wanting to get that M5 stoch coming straight from down low instead of hooking like you're talking about Marty. Just the nature of the Stoch movement would make it very difficult for all stochs to come from the same down low point. Especially as you add HTF stochs.
Spyderman

Thanks for your charts. I also use the M30 Stoch like Marty, and I need both M15 and M30 Stoch aligned (crossed in the same direction at the very least) to trade.

I cheat a little though. I use the settings of 8,3,3 for the M30 Stoch (just the M30 Stoch and timeframes higher than M30) just so I can get the HTF crossover a little faster. This rarely hurts as we're not timing the entry based on M30 Stoch, rather the M5/M15 stoch, but getting the crossover confirmation a little faster on M30 with this setting helps to miss less trades.

See if you like this better than 11,3,3 for M30.

For M5/M15 Stochs, RJ's tried and true 11,3,3 settings work wonderfully.


Also, I think you'll find it helpful for have your stoch panes larger, and it actually doesn't hurt to have the price action panes smaller. Which is kind of against common sense. But then again, RJ darkens the HA candles, so he focuses more on the indicators. Personally, I have M5 and M15 stochs in one pane, and M30 stochs in another. The wider panes allows you to see the stoch mouths in M15/M30 more clearly.

For me, my tapes and stoch panes take up >2/3 of my chart, with prices <1/3.
  • #21,111
  • Jan 14, 2014 8:36am Jan 14, 2014 8:36am
Quoting RainyDay1
For me, my tapes and stoch panes take up >2/3 of my chart, with prices <1/3.
I'm always 1/2 & 1/2
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,112
  • Jan 14, 2014 8:41am Jan 14, 2014 8:41am
Quoting spyderman
I think part of my problem is that I've been wanting to get that M5 stoch coming straight from down low instead of hooking like you're talking about Marty. Just the nature of the Stoch movement would make it very difficult for all stochs to come from the same down low point. Especially as you add HTF stochs.
Regarding trying to get M5 stoch coming straight down from OB vs hooking, took me a long time to get through on this point also.

RJ gave us the simple M5/M15 stoch coming from OB/OS, which is the ideal setup for strength. But trying to get this without looking at M30 Stoch will lead to mistakes (unless you have a lot of price action knowldege and experience trading genesis) because often, when M5/M15 stoch are just exiting from OB/OS, M30 stoch is still in OB/OS and may not exit or the exit may be weak and prices/M30 stoch will hook up again.

But when you wait for M30 stoch to come down and agree, usually you've missed the trade as SL is higher and prices have moved.

One alternative is to have another indicator to help you filter the strength of the price action. That is hard and less reliable.

The other alternative is to wait for M30 stoch to come down, confirm, and wait for a retracement in the LTF stoch (M5/M15) and try to get in on that (and if you don't get it, well, you've missed a trade but haven't lost anything). Like Marty implied, once M30 stoch crosses 50 strongly (ie with wide mouth), you can go back historical charts and see how long it takes for M30 stoch to hit the opposite OB/OS and for %K to cross over %D in OB/OS. That's how much time (opportunity) you have time to your entry on the M5 timeframe.

The M5 stoch hook up/down on strong M30 stoch (with wide mouth) simply means that the M30 stoch has such overriding strength that M5 stoch cannot make a full retracement to the originating OB/OS.
  • #21,113
  • Jan 14, 2014 8:43am Jan 14, 2014 8:43am
Quoting Martyfish
{quote} I'm always 1/2 & 1/2
I must have too many indies below the chart, and not enough on it (haha).

or you must have better eyesight than me at your age ...
  • #21,114
  • Jan 14, 2014 9:10am Jan 14, 2014 9:10am
Quoting RainyDay1
{quote} I must have too many indies below the chart, and not enough on it (haha). or you must have better eyesight than me at your age ...
Or stronger glasses !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,115
  • Jan 14, 2014 9:22am Jan 14, 2014 9:22am
Thanks guys...that all makes a lot of sense. I'll do some adjustments accordingly. Just have to stick with it and be patient.
  • #21,116
  • Jan 14, 2014 9:54am Jan 14, 2014 9:54am
Quoting spyderman
Thanks guys...that all makes a lot of sense. I'll do some adjustments accordingly. Just have to stick with it and be patient.
That's the spirit, hard work and patience !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,117
  • Jan 14, 2014 12:09pm Jan 14, 2014 12:09pm
Closed EJ long +48 pips

Entered on the open of 15:35 candle - EMA30 crossed through SMA60 on M5 (all stochastics were strong)

Closed at Weekly-PP
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,118
  • Jan 14, 2014 12:44pm Jan 14, 2014 12:44pm
Quoting spyderman
So as promised, here was my next trade. ASCT was good on the higher 30 and was green on 5 when entered. Matrix and stochs were good. Had recently come of DP. The better entry (in terms of results) came at the blue line...after I went to bed. Stochs weren't perfect on the blue line though. IMO Thoughts? {image}
spiderman , I m also a EA fan, got 65 pips today.

I had some works outside , so placed sl and tp and went away . When I came and open mt4 , tp was hit


Our entry signal was same, but the exit was different. "I wasn't in-front of the chart" so the frustration didn't kill the trade .
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gEt BusY LiVinG oR Get bUsy dyIng
  • #21,119
  • Jan 14, 2014 1:56pm Jan 14, 2014 1:56pm
Quoting spyderman
So as promised, here was my next trade. ASCT was good on the higher 30 and was green on 5 when entered. Matrix and stochs were good. Had recently come of DP. The better entry (in terms of results) came at the blue line...after I went to bed. Stochs weren't perfect on the blue line though. IMO Thoughts? {image}
Hi

Looks like youve been given some valuable advice
The only thing I would add, is that from your chart the SL is too tight. It may not have helped you in this instance, but I place SL on the other side of a DP/known resistance of about 5 pips or a little more if I can. Price often retraces to the S/R being challenged, and price will often spike through that S/R line before moving away in favour of your trade.

Keep posting charts good or bad

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,120
  • Jan 14, 2014 2:00pm Jan 14, 2014 2:00pm
Quoting jjre65
{quote} Hi Looks like youve been given some valuable advice The only thing I would add, is that from your chart the SL is too tight. It may not have helped you in this instance, but I place SL on the other side of a DP/known resistance of about 5 pips or a little more if I can. Price often retraces to the S/R being challenged, and price will often spike through that S/R line before moving away in favour of your trade. Keep posting charts good or bad Cheers J.

You're probably right. I'm pretty tight trying to get a good R:R What type of ratio are you guys typically shooting for.
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