DislikedThank you for the live trade. I have been a lurker for awhile, had to join in order to say thank you. My trading has been suffering a lot lately, so I took your suggestion and traded without candles and looked at the trades I had taken without them and realized I get caught up in the up and down and don't see what's actually going on. I traded today, shortly before New York open to end of London, and ended with a small profit. So thank you from me and the other traders who lurk and read and keep trying to develop the self-discipline required to...Ignored
- #1,025
- Mar 16, 2018 6:55am Mar 16, 2018 6:55am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Quote: kain775
EDIT: GENESIS had not given the ok yet at my entry
edit: just noticed we are at major support level for the pair, will we bust through??
"I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80 percent as good as what we taught people. What they couldn’t do is give them the confidence to stick to those rules even when things are going bad."
Richard Dennis
No signal from Genesis?....... Will it bust through? Who knows? Who cares? The most important point is why entered and where you exit.We don't predict. We enter on Genesis signals and exit on Genesis signals. ALL of the signals work together........ and Genesis did give you the entry signal.
Since this is a Genesis-continuation thread, which is the ONLY reason I come here, let's take a look at your trade on regular Genesis charts, not IFR practic charts.
I don't see an entry number, so I'm estimating it's around 1.69860. Even if it's not exact, it's close enough. Same trade on a Genesis chart below. What's the confusion?
EDIT: GENESIS had not given the ok yet at my entry
edit: just noticed we are at major support level for the pair, will we bust through??
"I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80 percent as good as what we taught people. What they couldn’t do is give them the confidence to stick to those rules even when things are going bad."
Richard Dennis
No signal from Genesis?....... Will it bust through? Who knows? Who cares? The most important point is why entered and where you exit.We don't predict. We enter on Genesis signals and exit on Genesis signals. ALL of the signals work together........ and Genesis did give you the entry signal.
Since this is a Genesis-continuation thread, which is the ONLY reason I come here, let's take a look at your trade on regular Genesis charts, not IFR practic charts.
I don't see an entry number, so I'm estimating it's around 1.69860. Even if it's not exact, it's close enough. Same trade on a Genesis chart below. What's the confusion?
- #1,026
- Mar 16, 2018 7:33am Mar 16, 2018 7:33am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Here's what I missed while I was posing above. MERCY!! That'll teach me.
the gbpusd trade you show is exactly my trade for today
- #1,028
- Mar 16, 2018 8:59am Mar 16, 2018 8:59am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Hi arlucad. Always do what's best for you! Don't worry about what I'm doing. I'm just showing possibilities. Someone can look at the same picture and see something different. All I'm saying is don't over-complicate things. IMO it's not necessary. Congrats on the trade BTW, good to see!!
I don't think I would trade ONLY with MTF Stochastic. Personally I can do without ASCTrend sgnals IF I have that MTF Sochastic. But that's just me.
Consider these charts. Same currency pair and TF. Looking at each, where would you be prone enter and exit? Each has good points and not-so-good points. My own opinion is that Genesis Matrix WITH MTF Stochastc are very good together. And the Genesis rules are the same and, as always, more than a dab of Common Sense. To me, that MTF Stochastic is the adult in the room. Genesis says enter, MTF says no. Money saved. The other term that has been absent from our discussions is High Probability Trading (HPT), Genesis together with MTF Sochastic IMO gives us, at least a high probability that we've got a good chance of being correct at least in the direction.
I don't think I would trade ONLY with MTF Stochastic. Personally I can do without ASCTrend sgnals IF I have that MTF Sochastic. But that's just me.
Consider these charts. Same currency pair and TF. Looking at each, where would you be prone enter and exit? Each has good points and not-so-good points. My own opinion is that Genesis Matrix WITH MTF Stochastc are very good together. And the Genesis rules are the same and, as always, more than a dab of Common Sense. To me, that MTF Stochastic is the adult in the room. Genesis says enter, MTF says no. Money saved. The other term that has been absent from our discussions is High Probability Trading (HPT), Genesis together with MTF Sochastic IMO gives us, at least a high probability that we've got a good chance of being correct at least in the direction.
- #1,029
- Edited 10:01am Mar 16, 2018 9:39am | Edited 10:01am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Bought EU @ 1.22607 and Bought GU @ 1.39230
- #1,030
- Edited 11:31am Mar 16, 2018 11:17am | Edited 11:31am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Possible Round Number targets 1.2300 or EU and 1.39500 for GU If one of these hits the target first, I'll probably exit both. It's Friday there's about an hour and a half until the weeks's close, and I don't like rading the final hour on Friday.
- #1,031
- Mar 16, 2018 11:54am Mar 16, 2018 11:54am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
I'm out. I've had enough for today. They can screw around in a range like this for another hour.
- #1,035
- Mar 18, 2018 7:56am Mar 18, 2018 7:56am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
bobby, great applause for your posts. Not only for the live-trades, but especially the instructional examples. You may say, these were the essentials of some hundred GMTS thread posts. Unfortunately still reality, for a lot of wannabes it is not enough to show a possible path to success. Have a great weekend too. josch
But don't be too hard on our fellow traders We can only show what is possible. Nothing is promised, and nobody or institution owes us a thing. Unfortunately it's a fact of life in general that everyone who wants to succeed at anything MUST go through what educators call "The Process" to understand what has usually been right in front of us the whole time. I'm sure I'm not alone in the fact of having tried out, literally, thousands of trading ideas, and each time thinking to myself, "This is The One." kind of like falling in love, only to realize......after some heartache, that it was not what it appeared to be. Next! Next! Next.....and on it goes. We become more cynical and bitter with every disappointment. It's all part of The Process. And here's the kicker....The Process NEVER ends. That's right. I said NEVER. The NIKE ads say "Never say never.", but in this case it's NEVER. Why? Because we can never know all there is to know about anything. When people seek perfection they will always be disappointed. It's only when we learn that being perfect is not what benefits us. It's the lessons we learn in seeking perfection that make us successful, not perfection itself. The good news is that part of The Process involves starting, at some point, to begin seeing more clearly what is true and what is not.
At some point in The Process we have to $h!t, or get off the pot. For non-native English speakers this means: Enough already!!! Time to stop screwing around!!! It's time to choose!!! At some point you have to trust something or somebody. Not everyone is out to screw you. After I had learned enough to start to see things a little more clearly, and having learned what kind of trader I wanted to be, I chose Genesis. Your Way is your choice. This thing we call The Genesis Matrix Trading System is not the only Way to trade successfully. It's one Way. I hope everyone here is able to get through The Process and find their Way.
- #1,039
- Edited 8:37pm Mar 18, 2018 8:15pm | Edited 8:37pm
- Joined Oct 2010 | Status: Trader | 1,536 Posts
