Genesis Matrix Trading | Page 1062 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #21,221
  • Jan 16, 2014 4:35am Jan 16, 2014 4:35am
Quoting eltax100
I thought this might be useful to share, not wanting to trade against the 30stoch I decided to have an extra window with the stoch in, this means that although the time scale doesn't match you can get a better visual. {image}
You'll be surprised how many additional 'windows' some traders that look for additional HTF confirmation have
  • #21,222
  • Jan 16, 2014 4:36am Jan 16, 2014 4:36am
Quoting eltax100
I thought this might be useful to share, not wanting to trade against the 30stoch I decided to have an extra window with the stoch in, this means that although the time scale doesn't match you can get a better visual. {image}
BTW, not sure if you did it by choice. Your M30 stoch settings are very different.
  • #21,223
  • Jan 16, 2014 5:00am Jan 16, 2014 5:00am
EA trade in
Attached Image
  • #21,224
  • Edited 5:33am Jan 16, 2014 5:05am | Edited 5:33am
Be +1 target possible R3

update out at BE +1
  • #21,225
  • Jan 16, 2014 5:11am Jan 16, 2014 5:11am
Quoting eltax100
I thought this might be useful to share, not wanting to trade against the 30stoch I decided to have an extra window with the stoch in, this means that although the time scale doesn't match you can get a better visual. {image}
I too use the M30 stoch as a filter - it must be either flat or sloping in the direction of the trade.

I posted the EJ sell at 11:44 / 142.50 after the UJ 5m matrix turned red and "allowed" the trade......closed in the 12:37 bar after the hit of an S&R zone ~ todays DP at 142.20....loads of US data soon.....
Trading Levels with WRBs
  • #21,226
  • Jan 16, 2014 5:23am Jan 16, 2014 5:23am
Quoting Islander
{quote} I too use the M30 stoch as a filter - it must be either flat or sloping in the direction of the trade. I posted the EJ sell at 11:44 / 142.50 after the UJ 5m matrix turned red and "allowed" the trade......closed in the 12:37 bar after the hit of an S&R zone ~ todays DP at 142.20....loads of US data soon.....
Took the same, but later 12:10

Just closed for 20
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,227
  • Jan 16, 2014 6:02am Jan 16, 2014 6:02am
Anyone in cable ?
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,228
  • Jan 16, 2014 6:29am Jan 16, 2014 6:29am
closed +21

No idea whats going on ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,229
  • Jan 16, 2014 6:39am Jan 16, 2014 6:39am
Quoting Martyfish
Anyone in cable ?
Not for me Marty. MA's crossed too close to DP on my chart. Did you enter before they crossed?

With hindsight can see there was a possible 25ish pips if you took the exit at DP. Great thing hindsight lol.

I was in on the earlier EJ trade. Short @ 13:25, closed at DP.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,230
  • Jan 16, 2014 6:39am Jan 16, 2014 6:39am
Quoting Martyfish
closed +21 No idea whats going on ??
Risk currencies like AU and EU all spiked up at the same time on the Core CPI / employment claims numbers, although both were very much in line.
  • #21,231
  • Jan 16, 2014 6:49am Jan 16, 2014 6:49am
Quoting scarlet pipe
{quote} Not for me Marty. MA's crossed too close to DP on my chart. Did you enter before they crossed? With hindsight can see there was a possible 25ish pips if you took the exit at DP. Great thing hindsight lol. I was in on the earlier EJ trade. Short @ 13:25, closed at DP.
Yes, stochs too strong.

and PA after news events like that, with a profusion of asc arrows immediately after news confirms direction
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,232
  • Jan 16, 2014 6:52am Jan 16, 2014 6:52am
Quoting Martyfish
closed +21 No idea whats going on ??
ahh pullback for Philli news in 7 minutes
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,233
  • Jan 16, 2014 7:16am Jan 16, 2014 7:16am
Quoting Martyfish
{quote} ahh pullback for Philli news in 7 minutes
As UJ was in conflict with EU, I couldn't trade EJ after the earlier news, so bought € for a change from cable....hit and run trades right now and that's before BB speaks...
Attached Image (click to enlarge)
Click to Enlarge Name: jan16 eu 1m 1510.png Size: 28 KB
Trading Levels with WRBs
  • #21,234
  • Jan 16, 2014 7:21am Jan 16, 2014 7:21am
Quoting Martyfish
{quote} Yes, stochs too strong. and PA after news events like that, with a profusion of asc arrows immediately after news confirms direction
Point taken Marty.

The M15/M30/H1 stochs were in very good shape but for some reason I allowed my judgement, on this occasion, to be swayed by the MA's.

I suppose I wanted to see a 'perfect' set up before entering.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,235
  • Jan 16, 2014 7:21am Jan 16, 2014 7:21am
BB speaks? Baghdad Bob?
  • #21,236
  • Jan 16, 2014 7:36am Jan 16, 2014 7:36am
Quoting scarlet pipe
{quote}I allowed my judgement
Hate it when that happens !!

Quoting scarlet pipe
{quote}I suppose I wanted to see a 'perfect' set up before entering.
When you have fast PA after news, price (in this case) just being above MAs is good enough
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,237
  • Jan 16, 2014 11:45am Jan 16, 2014 11:45am
Overlaying the 5 min and 15 min stochastic works like a charm on 1 min charts.
  • #21,238
  • Jan 16, 2014 2:29pm Jan 16, 2014 2:29pm
Finally have time to post one of trades that I would love to hear your feedback on... The trade was closed profitable at R1 just before price reversed so all of that is great but Stoch are bothering me. M1 and M5 Stoch have just turned and that is OK but M15 and H1 Stoch are flat but above 80.
How do you deal with situations if higher TF Stoch (in this case M15 and H1) are flat but in overbought zone and as per regular Stoch behavior they can stay there for a while while price keeps going up...
Would you avoid this setup (does not matter that it worked at this time)?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1-16-2014 5-18-29 PM.jpg Size: 548 KB
  • #21,239
  • Jan 16, 2014 4:00pm Jan 16, 2014 4:00pm
This one just bounced of a minor support so I exited to preserve some gains... 6 pips counts as well...
Attached Image (click to enlarge)
Click to Enlarge Name: 1-16-2014 6-57-04 PM.jpg Size: 435 KB
  • #21,240
  • Jan 16, 2014 4:42pm Jan 16, 2014 4:42pm
Quoting ZoranB
Finally have time to post one of trades that I would love to hear your feedback on... The trade was closed profitable at R1 just before price reversed so all of that is great but Stoch are bothering me. M1 and M5 Stoch have just turned and that is OK but M15 and H1 Stoch are flat but above 80. How do you deal with situations if higher TF Stoch (in this case M15 and H1) are flat but in overbought zone and as per regular Stoch behavior they can stay there for a while while price keeps going up... Would you avoid this setup (does not matter that it...
Hi ZB

Thats a re-entry
If you look to the left Im sure you will see a strong move up, followed by a pullback, and then trend resuming, which is where you opened the position.
Those flat OB or OS stochs are a sign of a strong trend

Re-entries are perfectly good trades to take, as long as you know what youre doing

Is this your normal set up for M1 trading?

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
7 traders viewing now