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Genesis Matrix Trading

  • #61
  • Jul 16, 2012 5:59am Jul 16, 2012 5:59am
Quoting magdelen
Hello Olivia and RJ,
Thanks for starting this thread, this will be the first time that i can follow a thread from the onset from profitable traders, maybe i will get my wish of going fulltime by December and give up the dreaded day job
I look forward to the journey
Good luck on your mission....it's good to have you here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #62
  • Jul 16, 2012 6:01am Jul 16, 2012 6:01am
Quoting sidefx
Olivia / RJ, what's your opinion on pair correlation? I notice you trade a few pairs...i'm weighing up whether to stick just with EU or monitor a small basket.
I think Olivia and Yelena can speak more about correlations. I monitor EU, AU, GU and EJ......but I only ever have 2 trades open that are not covered by a break even stop loss at any one time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #63
  • Jul 16, 2012 6:01am Jul 16, 2012 6:01am
Quoting sidefx
Olivia / RJ, what's your opinion on pair correlation? I notice you trade a few pairs...i'm weighing up whether to stick just with EU or monitor a small basket.
I always look at AU EU EJ and GU. I do treat them all separately though because although they are mostly correlated, it doesn't mean they are going to move the same distance in the same amount of time etc. I only trade 2 of them at a time until they are in profit or at least at BE +1. I do feel uncomfortable if they go in opposite directions.
  • #64
  • Jul 16, 2012 6:02am Jul 16, 2012 6:02am
Quoting realjumper
I think Olivia and Yelena can speak more about correlations. I monitor EU, AU, GU and EJ......but I only ever have 2 trades open that are not covered by a break even stop loss at any one time.
Hey stop copying what I just said Oh hang on, that was your idea anyway lol.
  • #65
  • Jul 16, 2012 6:05am Jul 16, 2012 6:05am
Hi Just seen this thread, I cant seem to see the templates and indi's for this system, can somebody kindly please post. Thanks
  • #66
  • Jul 16, 2012 6:06am Jul 16, 2012 6:06am
Quoting ohammond
Hey stop copying what I just said Oh hang on, that was your idea anyway lol.
I thought I was drunk on your beer and seeing things, but it's just you copying me!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #67
  • Jul 16, 2012 6:06am Jul 16, 2012 6:06am
Quoting light786
Hi Just seen this thread, I cant seem to see the templates and indi's for this system, can somebody kindly please post. Thanks
Download the zip file from post number 1.
  • #68
  • Jul 16, 2012 6:07am Jul 16, 2012 6:07am
Quoting realjumper
% risk per trade is very much up to the individual. I like use 2% but others I know use 5%....others use 1%.....still others vary the %age depending on the PA. I don't there is a 'right or wrong' way to do it.....it's what you are comfortable with.
Hi Realjumper!
Congratulations with the new thread!

I think risk (or money management) is some of the most important elements of trading. Good money management and trade management can make something useful out of a poor system in the hands of a good trader, as long as the system is not a looser. But a good system can not make something useful out of poor money management. At least not if it is in the hands of a new inexperienced or "bad" trader.
Because of that i would say that for new traders money management is just as important as the system itself.
The reason i say "for new traders" is because experienced traders already know this. They would never become experienced if they use bad MM. Then they are out of the game already.
Like the system itself, the MM do not at all have to be complicated and/or advanced. Both the trading system and the MM can be VERY simple and easy to follow and still be excellent. In fact when it comes to trading the simplest is often the best.
The reason i am posting this is that i have seen a trend lately both here on FF and on other forums and websites that they post a system and the only MM they post is "use 5% risk pr trade", (or even more) and that is dangerous.
I can say without a doubt that it does not matter how good the system or the MM is if a new inexperienced trader goes live with a new system he/she is still learning, and using 5% risk pr trade it is doomed to fail. A experienced trader can maybe do it and there may be some exceptions among new traders. I see Yelena claims to be a new trader and she is doing good using "high" risk, but as a general rule the combination of high risk, new trader, learning new system and poor MM will not end well.
Again for experienced trades it is all very different. They know what to do when they run in to trouble.

That is all i wanted to say about it. This is not a thread about money management but i advice new traders to learn as much as they can about it.

Here is a short video that may help some people as a starting point. It is not a MM system but some info on how important good MM can be:

Inserted Video
  • #69
  • Jul 16, 2012 6:10am Jul 16, 2012 6:10am
Quoting Arctic4x
Hi Realjumper!
Congratulations with the new thread!

I think risk (or money management) is some of the most important elements of trading. Good money management and trade management can make something useful out of a poor system in the hands of a good trader, as long as the system is not a looser. But a good system can not make something useful out of poor money management. At least not if it is in the hands of a new inexperienced or "bad" trader.
Because of that i would say that for new traders money management is just as important as the system...
Good post....thank you.

You're right.....it's foolhardy to take large risks for large gains. It was the tortoise that won the race, not the rabbit!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #70
  • Jul 16, 2012 6:26am Jul 16, 2012 6:26am
Quoting christiaandu
The STSi Dash (top corner) is my favourite indi by Xaphod. Gives you a great view of the higher timeframes at a glance. And makes the 60-5 method easy to trade. Will there be a similar indi for the Genesis?
Christiaan,

Xaphod offers the dashboard with these indicators in STSn. You can download it from page 1 of his "Yet another..." thread here: http://www.forexfactory.com/showthread.php?t=355716

--Cody
  • #71
  • Jul 16, 2012 6:52am Jul 16, 2012 6:52am
I have the E/U and A/U in a cone atm on the 5min....cable a cone on the 15min. As a rookie trader I'm interested in how the more experienced traders are looking at the markets...
  • #72
  • Jul 16, 2012 6:53am Jul 16, 2012 6:53am
Just took my first trade with Genises, the price was coming off a confimred support level, so i took the counter trend and will trail stop up to the next level. The re vertical line is where i entered.
Attached Image (click to enlarge)
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  • #73
  • Jul 16, 2012 6:54am Jul 16, 2012 6:54am
Quoting magdelen
Just took my first trade with Genises, the price was coming off a confimred support level, so i took the counter trend and will trail stop up to the next level. The re vertical line is where i entered.
Stochs are overbought now surely according the indicator? (on the 5 min that is?)
  • #74
  • Jul 16, 2012 6:58am Jul 16, 2012 6:58am
Quoting magdelen
Just took my first trade with Genises, the price was coming off a confimred support level, so i took the counter trend and will trail stop up to the next level. The re vertical line is where i entered.
Stoch hadn't come from a very good place when the signal happened, but NY is about to open in a few minutes so who knows what will happen.
  • #75
  • Jul 16, 2012 7:00am Jul 16, 2012 7:00am
Quoting Mr Pippy
I have the E/U and A/U in a cone atm on the 5min....cable a cone on the 15min. As a rookie trader I'm interested in how the more experienced traders are looking at the markets...
I'm not doing anything at the moment.....waiting to see what NY open might bring us
Doing what you like is Freedom. Liking what you do is Happiness.
  • #76
  • Jul 16, 2012 7:02am Jul 16, 2012 7:02am
Quoting Cody_R
Christiaan,

Xaphod offers the dashboard with these indicators in STSn. You can download it from page 1 of his "Yet another..." thread here: http://www.forexfactory.com/showthread.php?t=355716

--Cody
O yeah thanks, was following that never saw he put the updated one there. Exactly what I was looking for.

And I see you were the one responsible for the final indicator. Thanks for that. Gonna help a ton now that we can visually backtest this method.
  • #77
  • Jul 16, 2012 7:07am Jul 16, 2012 7:07am
Quoting magdelen
Just took my first trade with Genises, the price was coming off a confimred support level, so i took the counter trend and will trail stop up to the next level. The re vertical line is where i entered.
A bit risky.....see the same support line bounce we just saw at the pivot
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 272 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78
  • Jul 16, 2012 7:08am Jul 16, 2012 7:08am
Thank you for this wonderful initiative to this new "clean" thread.

I will follow it full time.

Happy trading all!
  • #79
  • Jul 16, 2012 7:09am Jul 16, 2012 7:09am
wooow, what is that for a great stuff for scalping??? wow wow

RJ, you know i love you and your templates :-)


Big thanks to
Olivia (Ohammond)
Yelena
RJ
Cody
Xaphod

you all sooooo great.
Thanks for the easy crazy wonderful system.
  • #80
  • Jul 16, 2012 7:14am Jul 16, 2012 7:14am
Anyone who has sells in be aware of 1.2161 its the 90 day low, Fridays low and also the Weekly S1 it will have to power through it to go lower.
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