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Genesis Matrix Trading 22,277 replies

Additional Indicators for the Genesis Matrix Trading System 683 replies

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Important RE: Genesis Data 16 replies

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Genesis - continuation

Quoting LFN
Hi. I got burned on this trade. Could I have some feedback. I thoght it was a pretty clear trade. But you cant win them all {image}
Hi LFN. If you entered a long after close of that candle I marked, m15 stochastic didn't look that good (maybe it was just about to cross - I marked it with yellow circle).

Also I don't know how relevant is this to Genesis, but price action was not very good prior to that set up - rangy and choppy. It's true you can't win them all, but if you are choosy you may avoid some of the losses.

Hope this helps
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Stochs look awful. You should read a bit more about them in the first post on the first page of the old thread. It's explained that a good trade can be taken if (long) stochs are crossed and moving out of 20-zone or else (short) crossed and moving out of 80-zone. In your case, M15 stochs are crossing in the middle of nowhere. For a good example look the last possible long trade that you could've taken on your screenshot - a looooong way up and all conditions met.

Edit: Are you sure you really, really wanna trade GBPCHF with its enormous spreads on M5 chart?
plus there is a pivot level right above it was a dumb trade all around ..
Thanks for the feedback.
demoreal - The trade was taken at 09:36, at the bar after the one you marked. The M15 stoch was a little better there but not the greatest.
brath - My indicator told me Daily pivot was below at 1.5173

This is demotrading. The pair is maybe not suitable because the spread. But the ADR was high.
Has anyone been trading today. so far it has been a shitty day, but the night trading would have made some pips. some of these days trading time or momentum of PA is scatted over different time slots. so it is hard to sit down from London open to newyork close and still make pips. today may be one of those days.
If you want to make money, you would do it. Last few weeks was a range period for most pairs but still wide enough to take 100+ pips/day using the Genesis. If you were trading only 1 lot, it would be like $1000/day. Worth the time Make a research which pairs have the smallest spreads on your broker and find the trending ones - for example e/a makes really strong trends, but i've got like 4 pips spread on it, which is way over my own limits.
Quoting ksofty
If you want to make money, you would do it. Last few weeks was a range period for most pairs but still wide enough to take 100+ pips/day using the Genesis. If you were trading only 1 lot, it would be like $1000/day. Worth the time Make a research which pairs have the smallest spreads on your broker and find the trending ones - for example e/a makes really strong trends, but i've got like 4 pips spread on it, which is way over my own limits.
you are right about making 100 pips per day using genesis and about the spread. right now my goal is to make minimum 30 pips per day with trading 1 lot at a time. The problem sometimes is that my schedule of trading doesn't coincide with momentum of trading. I am hoping to see good days ahed though.
My schedule is exactly why i'm not trading this system and (personal opinion) you can lose a lot of money in forex if trading on TF under H1. Just the psychological pressure isn't for everybody. But that's why there are different pairs - if you really need some cash you can earn it by this system - if you can't trade eurusd, you can trade sydney and tokio sessions at night (i'm gmt+2). What I want to say is that the strongest momentum in audusd for example is around 3-4am (gmt+2) and there are lots of pips to be scalped.

P.S. If someone has some kind of a 'list' with the majors and the time of their biggest moves and strongest momentum, it would be nice to share it.
Quoting ksofty
My schedule is exactly why i'm not trading this system and (personal opinion) you can lose a lot of money in forex if trading on TF under H1. Just the psychological pressure isn't for everybody. But that's why there are different pairs - if you really need some cash you can earn it by this system - if you can't trade eurusd, you can trade sydney and tokio sessions at night (i'm gmt+2). What I want to say is that the strongest momentum in audusd for example is around 3-4am (gmt+2) and there are lots of pips to be scalped. P.S. If someone has some...
Hi

This is a good site that RJ suggested, i have been using it since and it helps for pair to check on days of week and times of day

http://www.forexticket.us/en/tools/02-01-volatility
Quoting ksofty
My schedule is exactly why i'm not trading this system and (personal opinion) you can lose a lot of money in forex if trading on TF under H1. Just the psychological pressure isn't for everybody. But that's why there are different pairs - if you really need some cash you can earn it by this system - if you can't trade eurusd, you can trade sydney and tokio sessions at night (i'm gmt+2). What I want to say is that the strongest momentum in audusd for example is around 3-4am (gmt+2) and there are lots of pips to be scalped. P.S. If someone has some...
Just my opinion but you can lose a lot of money in forex on any timeframe. I think you can learn faster on m5 just don't expect a move to last as long as one on H1 for instance.

As far as the sessons go, its generally agreed that its better to trade for instance GBP and Eur when London/Europe is open, the JPY pairs when Tokyo is open and so on (barring news events of course).
Quoting lastingwell
{quote}Just my opinion but you can lose a lot of money in forex on any timeframe. I think you can learn faster on m5 just don't expect a move to last as long as one on H1 for instance. As far as the sessons go, its generally agreed that its better to trade for instance GBP and Eur when London/Europe is open, the JPY pairs when Tokyo is open and so on (barring news events of course).
So if the pair is g/j it should have like 2 good trading periods per day or I'm getting it wrong?
Quoting lastingwell
{quote}Just my opinion but you can lose a lot of money in forex on any timeframe. I think you can learn faster on m5 just don't expect a move to last as long as one on H1 for instance. As far as the sessons go, its generally agreed that its better to trade for instance GBP and Eur when London/Europe is open, the JPY pairs when Tokyo is open and so on (barring news events of course).

very well put.
Quoting ksofty
{quote} So if the pair is g/j it should have like 2 good trading periods per day or I'm getting it wrong?
Yes either trading period should be ok, only one thing to bear in mind with the jpy pairs and thats for it to move anywhere, if its for instance, EJ, both EU and UJ need to be moving in the same direction or one standing still and the other moving, if they are moving in different directions EJ will stand still (ranging). The same holds true for GJ (GU and UJ) AJ (AU and
UJ) and so on.
EURAUD
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EURAUD -1 pip
Hi o/

I try this
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and this
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it's closed
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Salut! imperatorfr
Could you tell me how many pairs do you monitor? if more than 4, how?
Merci
9 pairs.

eurUsd
gbpUsd
usdChf
eurGbp
usdJpy
eurJpy
fra40
ger30
uk100
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