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Genesis Matrix Trading 22,277 replies

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Attachments: Genesis - continuation
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Genesis - continuation

Quoting ksofty
Since most of the pairs are stuck in a crappy range I decided to trade every Genesis signal on eurusd/gbpusd until I get my SL hit or until I get no demand/no supply confirmation. I get lots of losses (very reasonable since my SL is rarely above 6 pips) but in the end of the day I always finish in +. This system is just amazing. Sometimes after a spike it's too late to wait for a reversal and I'm putting my SL at the previous 2 bars high/low. Still works fine with a tight trailing after every bar's high/low in the trade's direction. This leads to...
100% agree with the idea of tighter SL for this method even if you miss the entry it can produce some nice R:R
Quoting ksofty
Since most of the pairs are stuck in a crappy range I decided to trade every Genesis signal on eurusd/gbpusd until I get my SL hit or until I get no demand/no supply confirmation. I get lots of losses (very reasonable since my SL is rarely above 6 pips) but in the end of the day I always finish in +. This system is just amazing. Sometimes after a spike it's too late to wait for a reversal and I'm putting my SL at the previous 2 bars high/low. Still works fine with a tight trailing after every bar's high/low in the trade's direction. This leads to...
Hi ksofty,

Are you using a trailing EA, please share if you don't mind. tks
Edit: Trading every signal is very risky and it makes no sense at all, except if you have to make a lot of money in 1 day. It's literally manual scalping so I don't recommend it. Also, the tight trailing leads to a lot of missed pips if the trend develops well throughout the day. Anyway, I had my reasons and targets which were 99% accomplished.

I'm trailing manually. When trading the Genesis as-it-is, I am careful with the TP & SL if M15 arrows don't appear for a long time and if everything is in the same direction I leave my original SL (last swing high/low) until my target is reached. Rarely I need to move it to breakeven and if I do most of the time it gets hit prematurely and I have to re-enter. Last week was really good for the Genesis system. You could've banked nice profits. The problem is that the price action was slow and then suddenly boom - large moves in no time. I am not using the original Genesis as RJ made it, I have lots of moving averages which help me with the trailing stop when i'm not at the PC. The good thing is, though, that in the morning (i'm GMT+2) I open an order, most of the time M5 arrow and Genesis signals occur on the same bar and I leave it with a huge TP and a conservative SL, then I trail manually with the help of my mobile phone. If the SL gets hit - ok, another opportunity will occur in few minutes. If it doesn't - most of the days the move you can get is 30-40 pips and you can call it a day. As I said I am really really careful until M15 arrow shows up and if I have to take a counter-trend signal, most of the time I would wait until the price has broken the last swing high/low (in uptrend - the last swing low before the last high and in downtrend the last swing high before the last low) These price zones are retested all the time and you can enter the trade with a confidence. The next thing I am careful about when trailing are the pivots or round numbers. For instance - if price breaks a resistance level and the bar closes above it, I move my SL a bit below the pivot, so if it's a fake breakout I will have few pips in my pocket. Of course if the price hesitates between resistances, I would bank all my profit and wait for another opportunity.
In conclusion, Genesis in the original version with a simple trendline knowledge works just fine, no need to change any of the settings. Just...be careful. Take only the best signals, watch out for previous S&R zones and don't close the trade as soon as you see profit. Let it develop, watch the stochastic and be patient.
Has anyone trading genesis on H4 time frame. It would be very helpful for the members who can use H4 tf and be successful. Please let me know if anyone trading on that time frame
Quoting civilpes2001
Has anyone trading genesis on H4 time frame. It would be very helpful for the members who can use H4 tf and be successful. Please let me know if anyone trading on that time frame
You may want to read postings from olivierforex in original Genesis thread if you haven't done so already. He was a successful 4H Genesis trader.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Has anyone alive in this thread...
Quoting civilpes2001
Has anyone alive in this thread...
Not really :-(
Learn from your mistakes until you succeed. It's that simple.
I have been having a go at RJ's M1 Method with some limited success.

Here is a sell on GBPJPY for around +8 pips ,probably should have closed it at the
previous swing low on the M5 chart ,I always struggle with exits.
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"patience grasshopper"
Quoting Soupdragon
I have been having a go at RJ's M1 Method with some limited success. Here is a sell on GBPJPY for around +8 pips ,probably should have closed it at the previous swing low on the M5 chart ,I always struggle with exits. {image}


I usually put my TP at the next pivot/RS level. however, to play safe, my first TP is usually just 10pips, then the next would be at pivot lines
Yes good stuff Adeleke, another thing I like to do is zoom out a notch on a M1 or M5 chart, I
think it shows support and resistance a bit more clearly. Well it does on my eyes anyway

I know it all looks great in hindsight but it's something I watch.
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"patience grasshopper"
Hi all.

I'm still pretty new to forex and would like to apologize for any noobish questions.

I have tried the babon system for quite a time now but can't get comfortable with it.

Some ppl at the babon thread was talking about genesis so I came across.
Have read all the stuffs on the first post from RJ and and I have to say that I like the way he trades.

Since I have read so many threads I've become a bit confused now.
For example j16 thread.
They say that you have to start trading on a higher TF first before you go to a lower TF and so on.

Genesis is a 1 -15min. Trading system.
If I 100% stick to the rules from Realjumper and trading genesis, will it be possible for me to master it? Or do I really have to trade daily chart for few months then go to H4 then to H1 and so on?

I do understand price action but do I really have to go through this to properly trading on lower TF?

Btw. With Genesis what is more important? Price action or indicator signals? Because this is not 100% clear for me after reading genesis thread.

Thanks for help guys.
Hello Dy168

I would definately read at least the first 200 pages of the original thread if you haven't already done so.
There is a lot of info and well worth it.
As far as mastering it I am still trying on demo and am about breakeven at the moment, just try and keep it simple.

I think RJ said you still need a plan and use Genesis as an entry system and keep an eye on the higher time frames, S and R etc.

Price action or signals? RJ tested without any candles once and still came out with positive results
I am still a noob at this as well but I am not going to give up.

All the best...
"patience grasshopper"
Breakeven +1 on EURGBP
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"patience grasshopper"
Hi soupdragon.

Sorry for the late reply.
Yea i have tested genesis matrix for the last few days.
its also possible to make some profit if you just trade the matrix + stochs and just use the candles for S/R and pivot points.
Ill test it few more weeks. If this comes out to be profitable (at least 70%) ill go live.

Using genesis with high leverage (1:500) + bigger lot size + smaler targets and only enter if all signals on genesis are ok = pretty high probability trades.

Btw soupdragon.

Which broker do you use?
Because im using MT4 for charting and MT5 for trading since Alpari offers better spreads on MT5 accounts (0.5 - 1pip incl. comission).
I really would like just using one terminal for trading and charting.
Quoting Dy168
Btw soupdragon. Which broker do you use? Because im using MT4 for charting and MT5 for trading since Alpari offers better spreads on MT5 accounts (0.5 - 1pip incl. comission). I really would like just using one terminal for trading and charting.
I use Alpari UK MT4, I have MT5 demo but Genesis doesn't run on it and switching between the two would be annoying.

I suppose it's worth thinking about IF I'm confident about a live real money account
"patience grasshopper"
Hi.

IF? Which broker is it?
Using mt4 and mt5 together is ok if you have two monitors.

What mm do you think is the best for genesis?
How long do you traded genesis until you get confident to go live?

Best regards.
Quoting Dy168
Hi. IF? Which broker is it? Using mt4 and mt5 together is ok if you have two monitors. What mm do you think is the best for genesis? How long do you traded genesis until you get confident to go live? Best regards.
Hi, sorry only just seen your post.

Money management is up to you, I use 3% per trade but I never take a full loss.

I haven't gone live yet. I think two or three positive months in a row, double my demo account?
It's all about confidence, do you have an edge?

Just be honest with yourself
"patience grasshopper"
+12 on EUR/USD, closed at DP--got nervous. Nice divergence at 1.34 BRN
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"patience grasshopper"
Quoting Soupdragon
+12 on EUR/USD, closed at DP--got nervous. Nice divergence at 1.34 BRN {image}
why you move out since stoch m15 comes from above and doesnt show any signs of going up.
stoch m5 looks for me like a retrace and matrix still looks ok.

wouldnt it be better to move SL down?
or should we always has much respect for the DP?

Btw i saw that you dont use ASCTrend-Matrix??

Best regards.
Quoting Dy168
{quote} why you move out since stoch m15 comes from above and doesnt show any signs of going up. stoch m5 looks for me like a retrace and matrix still looks ok. wouldnt it be better to move SL down? or should we always has much respect for the DP? Btw i saw that you dont use ASCTrend-Matrix?? Best regards.
Yes M15 stoch was strong but flattening and M5 stoch had turned up.
I see some pips and don't want to let them go.

No I don't use the ASCTrend-Matrix, I like to keep it simple.
All the best...
"patience grasshopper"
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