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Genesis Matrix Trading

Quoting PipMonster1
{quote} Yes, the move did start prior to the Tokyo open....but it followed such a big up move then a sideways market ensued......(to me it was having a breather) and then sold off.....I wasn't happy with the M5 so I stayed out. I was actually expecting a continuation of the up move.......was I predicting.......well no because we don't predict here but that was the logical follow on trade for me....am I wrong here??
Yeah....you had an expectation.....a bias.....or where the PA *should* go!!!!

You could make and equally strong case for a bias south too...by saying that a pullback is in order after such a bull run.

It's very hard to trade just the system and nothing else, but it's the best way.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting SohaibKhan
Hi Everyone Good Start for the week RJ I am doing M5 entries at the moment, but i am also keeping an eye on M15 . So far what I have learnt is M5 entries gives you more roam, and more profit however M15 might help you in getting out of some bad trades
Maybe......it's certainly looking that way, but I'm only half way through the test period, so we'll have to wait and see if this pattern continues or not
Doing what you like is Freedom. Liking what you do is Happiness.
I see that the muppet show is in full swing yet again: 'Eurogroup Meetings All Day'......and that idiot Draghi is going to be yappin later too......anything is possible when he opens his mouth!!
Doing what you like is Freedom. Liking what you do is Happiness.
Draghi starts flappin his gums in about 15 minutes.....fwiw.....
Doing what you like is Freedom. Liking what you do is Happiness.
Any info what he said? Nothing happening seems somebody shut his mouth
In Love with Genesis
Quoting SohaibKhan
Any info what he said? Nothing happening seems somebody shut his mouth
Give him time....he's warming up his jaw hinges!!

Check forexlive, they have updates on what he's yapping about and sometimes direct audio links. I kinda just trade what the charts show really because it's impossible to know how the market will react to something he says....or doesn't say!!
Doing what you like is Freedom. Liking what you do is Happiness.
RJ
In Love with Genesis
Just entered long on EU

edit : actually i closed the trade with a few pips profit as the momentum wasn't fast enough for going against the big trend.
I prefer not to make pips than lose some ..
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Quoting Marviin
Just entered long on EU edit : actually i closed the trade with a few pips profit as the momentum wasn't fast enough for going against the big trend. I prefer not to make pips than lose some .. {image}
Probably a wise move....Draghi is still yapping and anything could happen.....
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting realjumper
{quote} Probably a wise move....Draghi is still yapping and anything could happen.....
indeed, I wanted to surf a bit on the momentum but it never came so I'm out
quite a slow day so far ..
Time for me to call it a day.....I won't be trading Tokyo tomorrow because I have things to do......sooo back for the Frankie hour......
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting realjumper
{quote} Yeah....you had an expectation.....a bias.....or where the PA *should* go!!!! You could make and equally strong case for a bias south too...by saying that a pullback is in order after such a bull run. It's very hard to trade just the system and nothing else, but it's the best way.
I suppose this is where I'm stuck too. It seems to me that the best Genesis (buy) signals seem to come after a lower low, and vice versa, and that is what is confusing me. "Everybody" says to look for HH and HL for a Buy, but by that time the Genesis (stoch) seems to have moved too far or not enough pullback. I didn't take any trades last night because I was confused about the direction and left a little frustrated, not sure if I was right not to trade. Also I feel that trading the Asia session may be harder because the signals aren't always so clear (at least to me) and there can be a lot of sideways movement which can give false signals.
Quoting realjumper
So, by entering on the M5 and managing and exiting on the M15, we would have an extra 17 pips (more or less) and not got shaken out of the trade, or had any anxious moments. Plus we could have scaled in another trade and added another 30 pips to the deal. Scaling in at that level from such a nice entry was much more likley because the first trade would already be at BE......whereas on the M15 it would not have been. Interesting? {image} {image}
Great food for thought, RJ.

I wasn't quite in sync with the market today, and so only took a few scalps, but as I analysed the charts after reading your post, it became very clear to me that your approach would have helped me stay in a good short. Below are the M5 and the M15 charts of EA showing my today's entries. Now it's easy to see how after my initial entry on the M5 there was no pullback that could threaten my SL before the ASCTrend confirmed the short for the M15, and once it did, it stayed all red until well after London close, giving a chance to grab 50-60 pips.

Your post gave me a light bulb moment today. Thank you!
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mind over matter
RJ, if it's ok, I'd like to post 5 potential setups from Monday's Asia session for feedback from you or anyone else who is trading this successfully, especially anyone trading Asia. These are the ones that seemed to be the best, after the fact, but not sure how many are acceptable, and whether I would have spotted them live (but I didn't). The setups are all at the far right bar in the pic.

Times are:
UJ at 0000 gmt (Tokyo open)
EU at 2310
EJ at 0035
EA at 0220
AU at 0020
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Quoting ericjschroed
{quote} I suppose this is where I'm stuck too. It seems to me that the best Genesis (buy) signals seem to come after a lower low, and vice versa, and that is what is confusing me. "Everybody" says to look for HH and HL for a Buy, but by that time the Genesis (stoch) seems to have moved too far or not enough pullback. I didn't take any trades last night because I was confused about the direction and left a little frustrated, not sure if I was right not to trade. Also I feel that trading the Asia session may be harder because the signals aren't...

I'm going to answer the next couple posts just quickly because I need to go into town and I can't be late.

I think you need to read the link provided for you on Post #1 regarding the stochastic. Watch my little video several times. You seem to have a misunderstanding of how to interpret the stoch.

I didn't take any trades either last night....ie London open to Draghi yappin......big deal....so what? Why get frustrated?? The market will only give it's pips when it wants to, not when we want it to!!

Tokyo session can be difficult, and if you read Post #2, I speak of this there. The Tokyo session has been great this year, for the most part, but it still can be a difficult session to trade.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting ericjschroed
RJ, if it's ok, I'd like to post 5 potential setups from Monday's Asia session for feedback from you or anyone else who is trading this successfully, especially anyone trading Asia. These are the ones that seemed to be the best, after the fact, but not sure how many are acceptable, and whether I would have spotted them live (but I didn't). The setups are all at the far right bar in the pic. Times are: UJ at 0000 gmt (Tokyo open) EU at 2310 EJ at 0035 EA at 0220 AU at 0020 {image} {image} {image} {image} {image}

I'm not going to comment on your setups because that is not how I trade, or how the system is meant to be traded. The Genesis system is not a system where you can take any trade because it (however loosely) generates a signal.....it's not a signal service application.

You need to have a reasonable understanding of how the markets work as well as how to trade to get the best from this system, and that involves looking at other TF's to get an overall picture of what the market is doing. I never just look at the M5 chart and make a judgement on it......which is what you're asking me to do here. If you are just going to look at the M5 chart and take any Genesis signal that comes along, you're not going to succeed.

You saw the M15 trade that I posted in real time yesterday, in the Tokyo session. I have posted (and will continue to post) live trades before......I post closed trades too. You have all the tools at your disposal, I'm not sure what else *I* can do for you?......*You* need to study this a bit more I think. Perhaps spend some time reading the links on Post #1......read the 5 -15 PDF file.....read the thread.

Also, I think one of the best things you can do in your situation is to watch and trade only 1 currency pair. Get rid of the rest of your pairs and watch only 1 pair.......I would suggest one of the Yen crosses if you're going to trade Tokyo session. I'm not joking.....you need to watch and study and trade a single pair until you get to know that pair inside and out. Don't even have any other charts on your machine......just choose a pair and stay with it. Open an M5 chart and also an M15 chart of the same pair and watch how the PA behaves. Every day....check out the H1 and the H4 for the same pair....get a good feel for it.

The Genesis system won't trade for you.....you have to understand how PA behaves on the currency pair you trade....this thread has got so much information in it.....I can't do anything other than repeat that everything is here that you need...you have to find the answers for yourself.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting kosmo
{quote} Great food for thought, RJ. I wasn't quite in sync with the market today, and so only took a few scalps, but as I analysed the charts after reading your post, it became very clear to me that your approach would have helped me stay in a good short. Below are the M5 and the M15 charts of EA showing my today's entries. Now it's easy to see how after my initial entry on the M5 there was no pullback that could threaten my SL before the ASCTrend confirmed the short for the M15, and once it did, it stayed all red until well after London close,...
I was reluctant to enter any trades while Draghi was yapping Jo.....it can be dangerous because we don't know how the market will react to what he says.....assuming he even knows what he's going to say...lol! That's ok though, there are plenty of other opportunities.

Entering on the M5 and managing on the M15 is looking like a sensible thing to do, but as I said in another post, I should have a clearer picture when the 4 weeks is up
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting realjumper
{quote} I'm not going to comment on your setups because that is not how I trade, or how the system is meant to be traded. The Genesis system is not a system where you can take any trade because it (however loosely) generates a signal.....it's not a signal service application. You need to have a reasonable understanding of how the markets work as well as how to trade to get the best from this system, and that involves looking at other TF's to get an overall picture of what the market is doing. I never just look at the M5 chart and make a judgement...
I love this post
Quoting realjumper
{quote} I'm not going to comment on your setups because that is not how I trade, or how the system is meant to be traded. The Genesis system is not a system where you can take any trade because it (however loosely) generates a signal.....it's not a signal service application. You need to have a reasonable understanding of how the markets work as well as how to trade to get the best from this system, and that involves looking at other TF's to get an overall picture of what the market is doing. I never just look at the M5 chart and make a judgement...
Thanks, no problem. Yes I have read the entire thread and probably need to go back and review some parts again. I know I'm getting closer to becoming consistently profitable and part of that is getting the emotions under control MORE. Sometimes the setups are clearer to me. If I find myself getting frustrated or confused, I will just close the charts and take a break, come back later. I know I will get there.

Appreciate all the help.
Quoting ericjschroed
{quote} Thanks, no problem. Yes I have read the entire thread and probably need to go back and review some parts again. I know I'm getting closer to becoming consistently profitable and part of that is getting the emotions under control MORE. Sometimes the setups are clearer to me. If I find myself getting frustrated or confused, I will just close the charts and take a break, come back later. I know I will get there. Appreciate all the help.
I know my post sounds harsh, but that's the way it is really...there is no easy fix, no magic bullet, no holy grail, and I know that you know that. This testing I'm doing on the M15 TF.....it shows that there are many, many questions that I have no answers for, so I set about testing the theory to see if it's true or not. Other discoveries along the way are added bonuses.....like the possibility that entering on the M5 and managing the trade and exiting on the M15 might be a great thing. This is what testing is all about....and learning along the way.

I honestly do believe that trading a single currency pair will teach you a lot. It's like learning language. You might need to speak 4 different languages, but you have to learn them one at a time.....only adding a new language when you have one already well and truly understood. If you try and learn all 4 at the same time, you'll never make it happen!!

On any of the popular pairs, there will be a 30 - 60 pip move every day....or almost every day. That's all you need!!! There was a beautiful move on EJ today...Tokyo session that was worth 45 pips (in fact the move is still going). That's all you need. If you are switching between 4 or more currency pairs, you will never 'get a feel' for any of them. Spend 4 months on EJ alone.....not worry about what other analysts say because they are full of shit......forget about what other threads say.....forget about everything.0

Just set up an M5 and an M15 chart of EJ and give them 1/2 the screen each (if you only have a single screen). When you see the 2 TF's agree...take the trade. If they don't agree....grab some coffee and watch. If they don't agree but still move 40 pips....forget about it....smile....you lost nothing and it wasn't a high probability trade anyway.

Learn all about how EJ moves...it has a personality.....learn it....profit for what you learn. If you can take 30 -50 pips a day *average*, and you compound the lot size......the risk stays the same, but the dollars add up.....quicker than you might imagine. If you can manage even 20 pips/day, that's a good start. Check out the spreadsheet.

It wasn't the Hare that won the race...it was the Tortoise!!!
Doing what you like is Freedom. Liking what you do is Happiness.
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gaslit