Genesis Matrix Trading

No, go on..want 'itsallover' really happy this weekend..

Hmmmmmm

Oh my goodness...knew you were a softie at heart..

shhh.......

Damn, missed EJ

Had my finger on the button, but hesitated grrr

Its not quite instinctive yet, but signal was perfect !!

EJ's ATR is going to hit 200 shortly

Write it down in your journal....complete with screenshot to remind yourself next time. And don't worry about the missed opportunity.....you lost nothing and another trade will come

its already 213 with me. and if EJ hits R4 then it will likely just range on Monday. 103 as target then, wow another pair hitting R4 in a span of 7 days.

always kelly on your mind. maybe i should quit on you it's a long shot anyway

Yep.....I have 214 as well. No one knows what will happen on Monday....we'll have to wait and see.

Thx RJ !!

Already done.

Cant believe how quickly my trading results have improved.

That was 70 pips i missed

Wont count my pennies just yet !!

Ok.....now I'm going to tear myself away from this machine and go to sleep....happy and content!!!

Enjoy your weekend everyone, and we'll see what next week brings when we get there

so lucky that there's still pips for me at NY session : )


Gbp clearly support at 1.6200 and Pivot at 1.619


Cheers !

I didn't taken any pips till 15:30 gmt +1. after I took Eu Long closed +58 pips AU long +26 pips green pip to you all!! and this night

Nice week end

there were good set-ups on EA EU and EJ today based on what I see, anyone concur

Congrats vamtop,

Yes, mannai70, a great day for the genesis sytem setups !!

Hello to every one, thanks to all you for the super-system, this is my enteries in buy for the day on eurousd. with all this trades I made about 280 pips-))
one of the most important moment for me is to use the extreme tma info 40, with slope threshold 0.25..becouse with this indicator I now what kaind of trend is now, and filter the enteres.

http://i5.pixs.ru/storage/1/1/1/euro...79_5778111.gif

http://i5.pixs.ru/storage/1/1/7/euro...40_5778117.gif

These charts are a complete disaster and completely unnecessary. The filters for the system are all in place and what you have there is a group of repainting indicators that do nothing except introduce confusion to a system that has been well thought out and tested.

Don't post any more charts like that.

Ok, sorry, I will dont post any more my charts-) and I dont anderstand what grup of indicators you see here Rj, but its work for me there well, pivots and genesis indicator its insufficiently for me, I need more informations and signals for the enteres, and I just want to say that what works for me may not work for others..and here I did not mean to offend anyone just do not pay attention to other indicators.))

Last night I had a friend call around who is also a trader, but his learning curve is a little behind mine so he came for some help. I could see what the problem was, and I have been guilty of it myself in the past, and still do fall into the trap occasionally if I don't remind myself. I expect that that most people have done this:

They see the market open at Frankfurt and they watch the candles take off in a direction. They think, "Ok, if this continues I will enter here."

Then a couple of strong candles in the same direction form and the trader thinks, "hmm....that push was pretty strong, perhaps it's a fake out. I won't enter yet, but I'll wait to see if this is confirmed with a further push, then I will enter."

There is a further push, but it's a bit stronger than the trader expected and the move has now gone 45 pips. The trader now thinks, "shit....perhaps the move is almost over and anyway, London is nearly online and I have seen these Frankie moves reversed by London, so perhaps I'd better stay out.

But the PA continues.

London comes and the PA continues.

Our trader thinks, "ok....alright....if London confirms this, I will definitely enter."

The PA continues quite strongly.

Trader thinks, "shit.....now the move is 75 pips.....perhaps I'd better not enter now as the move must be getting exhausted."

The PA continues and finally the trader enters.

12 pips later the move finally pulls back and stops our trader out, and he/she is real pissed off.

What's worse, is that when our trader looks at the indicators right from the start of the move, the entry was so obvious that he is now totally pissed off and in a bad mood so no more trades are take today!!

Sound familiar????

So, last night, after discussing this at length with my friend I chose a random currency pair that I do not trade or even look at. Then I deleted all the candles, all the arrows and the 5ema. The candle window was completely black....nothing.....nada. Then, I scrolled back in history and chose 2 consecutive days, and we traded with just the Genesis Matrix and the Stochastics. When there was an entry, I put out red vertical line and the same for the exit.

At the end of our 2 days trading.....trading only the recommended hours....I turned the candles back on and we went through the trades. The results were:

5 trades entered
4 trades won
1 trade lost

The lost trade was -5 and the 4 winners totaled 45 pips. So, just using the Stochastics and Genesis we made a profit. The exits could have been better had we seen the candles, but that's not the point......the point is that we could turn a profit without even seeing the candles, arrows or 5ema.

The analogy is this: As a pilot can fly by looking out the window (VFR), he can also fly by never looking out the window but looking at the instruments (indicators) instead (IFR). When it is a dark and stormy night and visibility is poor and there are crosswinds and windshear present as the pilot makes his landing approach, he will be flying IFR and will be using the aircrafts and the airports signals to effect a pin-point accurate and safe landing (ILS).

IFR flights and ILS landings happen all the time. In fact it is the safest and preferred way to fly. Looking out the window sends false signals to the pilots brain, especially when flying in cloud and many crashes have occurred in this way.

Our pilots have been trained to use and believe in the instruments because they don't lie. Our pilots all over the world do this every day and keep us safe.

So, what I just proved to my friend, was that by getting mesmerised by the watching the candles (VFR) can and does lead to poor decisions at best....and a total disaster at worst. But, but just using the basic instruments (IFR) we could trade (fly) profitably.

Now I'm not suggesting to delete the candles etc as I did, but what I am saying is that we need to watch the indicators and have faith in them FIRST......and seek additional information from the candles, arrow, 5ema.

All I used was the Genesis Matrix and the stoch......the with IFR, we made a profit. My friends VFR made a loss.

Guess what is stuck on a sticky to the top of his monitor now?...yep.....a reminder to fly IFR!!!!

So to finish, there is no need to add a zillion other indicators to the charts as I keep saying. They won't help you, all they will do is create more things to check and cause doubt, especially in the case of repainting indicators. By adding all this crap to the charts you are just showing that you have little understanding of the system, and so you create a mongrel system that will fail.....yes it will.

Flying IFR with VFR to assist continually and consistently turns a profit.

1. I think you need to add that post to the first page RJ, its an excellent, perhaps necessary synopsis on proper trading psychology..

2. I'm assuming most folks would've studied the components of Genesis at this point, which would make it quite clear why the combination of the 4 matrix indicators in addition to stox are brilliant..why the use of pivots, supports and resistance as filters and exits (i.e common price magnets) are advised..why certain trading hours are recommended..why 5, 15 minute time frames suit the system and day or night traders etc. I found, especially for newer traders as I, that knowing the 'hows' and 'whys' will provide the opportunity to develop true skill, confidence and pips.

Ps. I discovered that understanding how and why the different parts of the system work, allow for trading some distance within Genesis signal cycles, so that discounting for news, and evaluating the indicators, pivots-s-r, good probability entries are possible, especially in strong trends (though the highest probability trades remain those at cycle extremes)