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Genesis - continuation

  • #141
  • Apr 16, 2014 12:08am Apr 16, 2014 12:08am
Quoting demoreal
{quote} I hope you don't mind me saying this, but it's more towards gambling than trading (if you are talking about US Core CPI and also scheduled Yellen's speech 15 minutes after that)
You can say whatever you want, but that setup is one that martyfish executed succesfully multiple times in the original genesis thread. I've tried it three times succesfully so for me it is really becoming a HPT Genesis setup.

Martyfish received a lot of criticism about that setup in the original thread too. Below are his comments about the setup/criticism:

Quoting martyfish
I have seen this setup re-occur over and over again, if it is not for you that isnt a problem, but some may wish to watch and learn.
Not all new events have such setups, so I dont trade them, they have to line-up perfectly for me to trade them.
  • #142
  • Edited 5:07am Apr 16, 2014 2:27am | Edited 5:07am
I still can’t see how one can know in advance what Yellen may say and what the results may be - we can only guess/gamble

That’s the main reason I don’t trade those kind of set ups. Also at that time one may experience massive slippages and spreads.

Having said that, working set ups often look lovely in hindsight.

PS If the guess is wrong, slippages on stops can be horrendous
  • #143
  • Apr 16, 2014 4:07am Apr 16, 2014 4:07am
jimi ti ho risposto su skype
  • #144
  • Apr 16, 2014 5:08am Apr 16, 2014 5:08am
I have made around 23 pips with GJ, although it was a very very late entry.
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  • #145
  • Apr 16, 2014 5:11am Apr 16, 2014 5:11am
Quoting civilpes2001
I have made around 23 pips with GJ, although it was a very very late entry. {image}
Nice one Civilpes2001

I saw that up trend and set up, but didn't trade it
  • #146
  • Apr 16, 2014 5:19am Apr 16, 2014 5:19am
I did missed this opportunity to go long on EA, Actually I fell asleep, thinking New york will do me a favour.

It is a nice 45 pips, excluding spread of course
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  • #147
  • Apr 16, 2014 5:28am Apr 16, 2014 5:28am
Quoting demoreal
{quote} Nice one Civilpes2001 I saw that up trend and set up, but didn't trade it

well actually I thought it was only 23 pips, but I didn't notice that the platform is hung up, so I restarted it and closed the trade as it was on the opposite direction. In reality it is about 60pips.
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  • #148
  • Apr 16, 2014 9:32am Apr 16, 2014 9:32am
I traded eur/jpy long. It's a nice pair to trade and also gbp/jpy was going up if that means anything.

The stochs were nice and matrix all blue and good for a long. Also entry point was long above local pivot level. It looked promising, but then turned pear shaped. Matrix was a bit like traffic lights - turned red and at that point price dropped a lot from my entry and was very close to my stop. I was thinking about the entry signal being so nice and there was only that Building Permits report that I thought it's not that important. So I decided to leave it open, thinking it may turn back up.

Well it didn't this time - maybe some other time
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  • #149
  • Apr 16, 2014 11:37am Apr 16, 2014 11:37am
hi demoreal, I actually got into today's trading late and luckily I took the sell on the EJ for about 12pips. it was so easy today I almost felt like a pro.
sorry for your bad trade, hope you leant something from it. cos that's all that really counts. till tomorrow and may the trend be with us.




PS
damn, the attachment is taking too long to load.
  • #150
  • Apr 16, 2014 1:09pm Apr 16, 2014 1:09pm
Quoting demoreal
I traded eur/jpy long. It's a nice pair to trade and also gbp/jpy was going up if that means anything. The stochs were nice and matrix all blue and good for a long. Also entry point was long above local pivot level. It looked promising, but then turned pear shaped. Matrix was a bit like traffic lights - turned red and at that point price dropped a lot from my entry and was very close to my stop. I was thinking about the entry signal being so nice and there was only that Building Permits report that I thought it's not that important. So I decided...
If I may suggest adding M15 arrow to your chart and never trading against it (Basic rule of 5_15 Genesis System). Try also trading with both M5 and M15 chart open.
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  • #151
  • Apr 16, 2014 1:37pm Apr 16, 2014 1:37pm
Quoting Meanwhile
{quote} If I may suggest adding M15 arrow to your chart and never trading against it (Basic rule of 5_15 Genesis System). Try also trading with both M5 and M15 chart open. {image}
Thanks Meanwhile

Is there any description about arrows - the way they are designed? Somehow my impression is that they don't always match the classic definition of a trend (lower lows, lower highs or higher lows, higher highs). What about that adjustable value - is that number of periods, candles or something else?
  • #152
  • Apr 16, 2014 2:13pm Apr 16, 2014 2:13pm
Quoting demoreal
{quote} Thanks Meanwhile Is there any description about arrows - the way they are designed? Somehow my impression is that they don't always match the classic definition of a trend (lower lows, lower highs or higher lows, higher highs). What about that adjustable value - is that number of periods, candles or something else?
No problem demoreal. I don't remember how the arrows are designed. Don't know about the adjustable value either, it works fine without tuning. What I know is that arrow=asctrend. For example:

MTF Arrow M5 = ASCTrend M5
MTF Arrow M15 = ASCTrend M15
list continues..................................

So basically you can replace arrows with ASCTrend matrix made by Xaphod. Some prefer the matrix to keep their charts cleaner. You can get them here:
http://www.forexfactory.com/showthread.php?t=381999
  • #153
  • Apr 16, 2014 3:04pm Apr 16, 2014 3:04pm
Quoting Meanwhile
{quote} No problem demoreal. I don't remember how the arrows are designed. Don't know about the adjustable value either, it works fine without tuning. What I know is that arrow=asctrend. For example: MTF Arrow M5 = ASCTrend M5 MTF Arrow M15 = ASCTrend M15 list continues.................................. So basically you can replace arrows with ASCTrend matrix made by Xaphod. Some prefer the matrix to keep their charts cleaner. You can get them here: http://www.forexfactory.com/showthread.php?t=381999
I'll stick to no tuning option as you suggested - thanks Meanwhile
  • #154
  • Apr 16, 2014 3:15pm Apr 16, 2014 3:15pm
Quoting demoreal
{quote} Thanks Meanwhile Is there any description about arrows - the way they are designed? Somehow my impression is that they don't always match the classic definition of a trend (lower lows, lower highs or higher lows, higher highs). What about that adjustable value - is that number of periods, candles or something else?
Here:
http://www.forexfactory.com/showthre...48#post6908248
and here:
http://www.forexfactory.com/showthre...89#post6128489
  • #155
  • Apr 16, 2014 3:31pm Apr 16, 2014 3:31pm
Quoting Xaphod
{quote} Here: http://www.forexfactory.com/showthre...48#post6908248 and here: http://www.forexfactory.com/showthre...89#post6128489
Thanks Xaphod

Also if I can use this opportunity to thank you for all the work (indicators and explanations) - much appreciated
  • #156
  • Apr 17, 2014 1:29am Apr 17, 2014 1:29am
Quoting demoreal
I traded eur/jpy long. It's a nice pair to trade and also gbp/jpy was going up if that means anything. The stochs were nice and matrix all blue and good for a long. Also entry point was long above local pivot level. It looked promising, but then turned pear shaped. Matrix was a bit like traffic lights - turned red and at that point price dropped a lot from my entry and was very close to my stop. I was thinking about the entry signal being so nice and there was only that Building Permits report that I thought it's not that important. So I decided...
Demoraeal
Check your Pivots. FXI Pivots in different than your. If you want to add asctrend M15 I think you can save your self from this lost.

http://www.actionforex.com/markets/p...2010040848154/
  • #157
  • Apr 17, 2014 4:54am Apr 17, 2014 4:54am
Quoting ozgsnr
{quote} Demoraeal Check your Pivots. FXI Pivots in different than your. If you want to add asctrend M15 I think you can save your self from this lost. http://www.actionforex.com/markets/p...2010040848154/
Thanks Ozgsnr

I definitely need to add some other things and see if I can improve my performance (I'll study it some more and see if I am missing something)

About pivots - I don't know. I was comparing 2 indicators and could see they are sometimes different and sometimes close together. So I chose the other one - I checked it with some of the posted charts and levels looked similar
  • #158
  • Apr 17, 2014 7:02am Apr 17, 2014 7:02am
Quoting demoreal
{quote} Thanks Ozgsnr I definitely need to add some other things and see if I can improve my performance (I'll study it some more and see if I am missing something) About pivots - I don't know. I was comparing 2 indicators and could see they are sometimes different and sometimes close together. So I chose the other one - I checked it with some of the posted charts and levels looked similar

http://www.actionforex.com Check your Pivots here.
If the same like your's everything ok. If not. Possible your broker server wrong for Genesis system ( and for all others). I use FXpro demo account. Also RJ use this one. And all his test with this server time. Actualy it is base time for forex time.
But if you don't it. You can use Manual pivot. You can find it first orginal genesis page http://www.forexfactory.com/showthread.php?t=373796 . Like all others what you need. Manual Pivot you can write last days info again from action forex internet page.
  • #159
  • Apr 17, 2014 6:33pm Apr 17, 2014 6:33pm
Hi demoreal,,As regards trends, may I suggest 50MA. It really works for me.
  • #160
  • Apr 18, 2014 5:33am Apr 18, 2014 5:33am
Quoting Adeleke
Hi demoreal,,As regards trends, may I suggest 50MA. It really works for me.
Thanks Adeleke
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