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Genesis Matrix Trading

  • #3,981
  • Sep 11, 2012 8:06am Sep 11, 2012 8:06am
Quoting iwan73
EU demo long
Top trade Iwan (+40); exited as S1 & 80% ATR are right there at 2830/31
Edit: Ahem, yes I meant R2 RJ lol (re Post #3986 below)
  • #3,982
  • Sep 11, 2012 8:08am Sep 11, 2012 8:08am
I have also taken EJ long on demo about 3 candles ago (99,76).
  • #3,983
  • Sep 11, 2012 8:08am Sep 11, 2012 8:08am
Quoting olivierforex
Top trade Iwan (+40); exited as S1 & 80% ATR are right there at 2830/31
S1?......You mean R2 surely?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,984
  • Sep 11, 2012 8:17am Sep 11, 2012 8:17am
This dumping of the greenback isn't going to please Azumi san when he gets to work in the morning.....UJ is almost at a record low for the year......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,985
  • Sep 11, 2012 8:19am Sep 11, 2012 8:19am
For few weeks i read this thread everyday. I am sure that i understand much more things about trading after this time.
Most of my trades are on demo. U may ask why. Because most trades on real account are losing ones. So i become scared to trade real. After every lost trade i come back on demo to train.
I am much better trader on demo.
  • #3,986
  • Edited 9:39am Sep 11, 2012 8:22am | Edited 9:39am
Quoting Ati_82
Hi,

I've opened a short in USD/CHF, would you care to take a look at it and let me know if it's a valid entry based on Genesis? Idea was trend continuation after the backtest of the broken support level around 0.9436, targetting 200-EMA on daily - ATR projection midrange
Sorry for the late reply Ati: I couldn't find anything that would have stopped me from entering as per Genesis rules so it's just one of those trades that didn't work out unless your SL was above the overnight highs.
You had a good TP too with ATR midrange at 9400 and the MonthlyS1 at 9398 for a 9395 low (so far)
  • #3,987
  • Sep 11, 2012 8:23am Sep 11, 2012 8:23am
Quoting realjumper
S1?......You mean R2 surely?
See #3984 edit
  • #3,988
  • Sep 11, 2012 8:26am Sep 11, 2012 8:26am
Quoting olivierforex
See #3984 edit
Gotcha....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,989
  • Sep 11, 2012 8:29am Sep 11, 2012 8:29am
Quoting iwan73
.
I am much better trader on demo.
Don't worry, most of us were better on demo too, because of the lack of emotions involved!
Keep doing demo trades and treat them with the same care as if you were risking real money and keep at it until you are:
.consistent on a daily/weekly basis
.you know the system and all its rules inside-out so it becomes second nature
.then move to live again but with low leverage and increase it as you are getting better

PS: no more posting from me until we get past the #4000 mark or the words 'big numbers fetish' will appear again lol
  • #3,990
  • Sep 11, 2012 8:37am Sep 11, 2012 8:37am
i was still hoping to get a good long signal due to sentiment reasons (rather than HIN) and managed to get them.

exited EU at R2 and EJ at "yLow" because EJ was hovering at "yLow." i wasn't able to realize that EJ somehow softened in it's long bias. thankful that i managed 10 pips from it. exited as soon as it dawned on me that i should have never entered in the first place.

saying good night to all of you now and trade well.
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Challenger
  • #3,991
  • Sep 11, 2012 8:37am Sep 11, 2012 8:37am
Hopefully everyone here trading the U.S. session caught that DP bounce long in EU.

Took profits at R2 FWIW...
  • #3,992
  • Sep 11, 2012 8:38am Sep 11, 2012 8:38am
big numbers fetish

hello genesis team, thanks for this awesome system. traded it on demo for some time and went live with ok results. usually i always know afterwards why or why not a trade worked out, but this time i'm somewhat rather clueless. Could anyone please help me, thanks!

http://i46.tinypic.com/ie4l10.jpg
  • #3,993
  • Sep 11, 2012 8:39am Sep 11, 2012 8:39am
Quoting olivierforex
PS: no more posting from me until we get past the #4000 mark or the words 'big numbers fetish' will appear again lol
Spoil sport!
  • #3,994
  • Sep 11, 2012 9:05am Sep 11, 2012 9:05am
Quoting baccarat
big numbers fetish

hello genesis team, thanks for this awesome system. traded it on demo for some time and went live with ok results. usually i always know afterwards why or why not a trade worked out, but this time i'm somewhat rather clueless. Could anyone please help me, thanks!
not so familiar with AC but you sold on an almost double bottom in H1, if not higher high (green, almost-horizontal line)

nevertheless, you should have taken the long signal as continuation of the current trend.

maybe you can try avoiding counter trend trading until you master trend trading. you will miss good set-ups but you keep your money in your pocket.
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Challenger
  • #3,995
  • Edited 9:29am Sep 11, 2012 9:14am | Edited 9:29am
Quoting baccarat
hello genesis team, thanks for this awesome system. traded it on demo for some time and went live with ok results. usually i always know afterwards why or why not a trade worked out, but this time i'm somewhat rather clueless. Could anyone please help me, thanks!
2 things:
. only 5-6 pips away from S1, an area (1.0080) that had provided good support just before
.do a search on 'MTF Arrow' in this thread: the M15 Arrow arrived where my 3rd yellow arrow is (M15 = 3xM5) and this should have been at least a 'caution' sign for any shorts as M5 and M15 were then arrow-Long ... + (but this is not part of core-Genesis) the M30 arrow also arrived where the 6th blue arrows is (M30 = 6xM5).
So just before you got your M5 short signal (M5 & M15 Stox were in great places by the way), the M5/M15/M30 Arrows were all already signalling Long and this is at least a conflicting setup if not a full 'no-no' for Shorts
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  • #3,996
  • Sep 11, 2012 9:21am Sep 11, 2012 9:21am
Quoting minako
maybe you can try avoiding counter trend trading until you master trend trading. you will miss good set-ups but you keep your money in your pocket.
Spot on Minako: yet again the importance of the higher TFs especially if you are a new(ish) trader
  • #3,997
  • Sep 11, 2012 9:34am Sep 11, 2012 9:34am
Quoting minako
don't like UC but there's no divergence. just cleared a clustering of pivot prices. below SMA60. with M15 arrow.

i agree. it is a tradeable signal.

Thanks Minako & RJ for the comment. My SL was too tight, got stopped out then UC went right to my target. Unfortunately missed the 2nd signal which woulda been the winner for today on this pair.
  • #3,998
  • Sep 11, 2012 9:35am Sep 11, 2012 9:35am
Allright, thanks a lot for the answers. Will try to only trade into the direction of the 15m arrow at first then.

Another question, when exactly does a pivot count as "breached"? If a candle closes a little bit below it..or a lot...or only after the retest...or if the signal comes right before a pivot, do you wait until one of the next candles closes below it and then enter if the m5 stoch isnt oversold yet?

Usually i wait for the retest and if it doesnt happen i dont take it at all.

Cheers!
  • #3,999
  • Sep 11, 2012 12:16pm Sep 11, 2012 12:16pm
damn @#!!!##!! .... I missed the post 4000 !!!!
You control how you trade; the market controls how and when you'll get paid
  • #4,000
  • Sep 11, 2012 12:36pm Sep 11, 2012 12:36pm
Quoting olivierforex
Don't worry, most of us were better on demo too, because of the lack of emotions involved!
Keep doing demo trades and treat them with the same care as if you were risking real money and keep at it until you are:
.consistent on a daily/weekly basis
.you know the system and all its rules inside-out so it becomes second nature
.then move to live again but with low leverage and increase it as you are getting better
I think that a few weeks on Demo is enough. After that one should move to live account and start with micro lots (0,01). The thing is that if you cannot handle a losing trade even as low as that then you will not become a trader at all and you will end trading only on demo for the rest of your life. So instead of moving from live back to demo just lower you lot size as low you can and start from there and the reason for that is that you already know that the system/method is working. If you finally feel comfortable then you may increase the lot size.

Regards

Kristjan
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