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Genesis Matrix Trading

  • #4,361
  • Sep 20, 2012 5:57am Sep 20, 2012 5:57am
Quote
As I'm sure you would have noticed.....the PA doesn't move in a straight line! However, EJ has moved all the way to S2 in almost a straight line since Tokyo open.....it has to pullback at some stage. You can trade those pullbacks if you want, but they are not high probability trades, so the risks are high. The trade might fly and it might not.....when counter trading, you pays your money and you takes your chances.....or, you wait for a high probability set up.

And yeah,you're right. It's not a high probability trade at all. Move it to BE because it turn out to be a pull back and 5M is pointing down right now. The market is indecisive now,let's wait for some clearer direction.Thank you for your reply,RJ
  • #4,362
  • Sep 20, 2012 5:57am Sep 20, 2012 5:57am
Dear RJ

I have a question for you.
Let us suppose that we have just receive a full Genesis signal (say on M5), but we decide not to take it since M5 and M15 stoch are not well positioned.
In this example let us suppose that 25 minutes later we have both stochastics perfectly positioned, our Genesis signal is still valid but the price has advanced by 15 pips.
Would you still enter or you generally avoid such late entries which -among others- make your stop loss more expensive?
Enter Signature
  • #4,363
  • Sep 20, 2012 6:05am Sep 20, 2012 6:05am
Quoting thomasK
Dear RJ

I have a question for you.
Let us suppose that we have just receive a full Genesis signal (say on M5), but we decide not to take it since M5 and M15 stoch are not well positioned.
In this example let us suppose that 25 minutes later we have both stochastics perfectly positioned, our Genesis signal is still valid but the price has advanced by 15 pips.
Would you still enter or you generally avoid such late entries which -among others- make your stop loss more expensive?
I would probably avoid it because if the PA only moved 15 pips in 25 minutes, then there is not power behind the move. But.....hee hee hee.....there's always a 'but'........but, if after 25 minutes the stochs were perfectly positioned I might consider an entry depending on where the pivots or other s/r levels are. Also, the ATR is a major consideration....for instance, todays ATR on EU is 107 pips, and we already have moved 129 today......so I would need a strong signal and strong candle moves before I would consider a short entry. I would also be very hesitant to counter such a strong move.

In short, if you didn't get in on the bear run of (say) EU today......perhaps the safest thing to do is wait for tomorrow.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,364
  • Sep 20, 2012 6:53am Sep 20, 2012 6:53am
Quoting Ati_82
failed breakdown of s2, printed a double-bottom, trend is down so conservative target of S1
Position closed in zero.
  • #4,365
  • Sep 20, 2012 6:54am Sep 20, 2012 6:54am
Quoting realjumper
When I opened this thread I considered making it closed to anyone with less than 4 vouches. I didn't do it though because there are some people with no vouches who deserve to be here because they have taken the time to learn how to trade....and how to read the thread and learn the system.
Well, genuine thanks for not doing that. There are, I'm sure, many here lurking and learning, and very keen to make this work, me one of them.
  • #4,366
  • Sep 20, 2012 7:17am Sep 20, 2012 7:17am
USA unemployment claims in about 10 minutes might kick start this thing.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,367
  • Sep 20, 2012 7:32am Sep 20, 2012 7:32am
Quoting realjumper
USA unemployment claims in about 10 minutes might kick start this thing.....
Or not. Mr. Market seems to be tired after his early morning workout.
  • #4,368
  • Sep 20, 2012 7:40am Sep 20, 2012 7:40am
Quoting Cody_R
Or not. Mr. Market seems to be tired after his early morning workout.
Yeah.......Tokyo session used all the pips up!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,369
  • Sep 20, 2012 8:03am Sep 20, 2012 8:03am
Another S2 fake breakout on EJ
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,370
  • Sep 20, 2012 8:14am Sep 20, 2012 8:14am
Today it has been given everything during the Asian session. For us Europeans were the crumbs, and it's diffcile.
  • #4,371
  • Sep 20, 2012 9:50am Sep 20, 2012 9:50am
Patience is a virtue

EJ long 1st pull back after 5M arrows with 5M & 15M tape; with strong 15M stoch - textbook

+17 pips


tough day but 3 trades; 3 winners +48 pips
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,372
  • Sep 20, 2012 9:58am Sep 20, 2012 9:58am
Quoting Martyfish
Patience is a virtue

EJ long 1st pull back after 5M arrows with 5M & 15M tape; with strong 15M stoch - textbook
+17 pips
tough day but 3 trades; 3 winners +48 pips
hehe, keep'em comin Marty!
  • #4,373
  • Sep 20, 2012 11:17am Sep 20, 2012 11:17am
Cheers Ati.

Xaphod's Stoch MTF indi, is simply sensational.

There was another perfect setup on EJ around 50 mins ago, but missed it, was having a well deserved cup of tea
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,374
  • Sep 20, 2012 12:09pm Sep 20, 2012 12:09pm
Quoting realjumper
Many good systems on Forex Factory have blossomed, and many people profited on the back of some hard work done for free, by a few. Most of those systems/threads end up being destroyed by people who really don't know any better who insist on adding more and more indicators to the system, and until the system....

I wholeheartedly agree. Your contributions to this system have been invaluable and we appreciate it
  • #4,375
  • Sep 20, 2012 12:58pm Sep 20, 2012 12:58pm
Most people came to this thread because they think that we trade only on signals that Genesis generate. Signals appears very often … we see matrix lineup, stochs perfectly lined up and candle …that beauty candle that trigger us to action .
But the truth is that that Creators of this system needs some more to risk their capital … they must see REASON to take that trade !!!!
THE REASON is so obvious for them that sometimes they even don’t mention about it… but They feel it in their bones - I can assure You.
And the REASON is … PRICE… what is doing and where.
We can have REASON when:
1) price go first time (TEST) or second time (RETEST) to STRONG support / resistance level ( PIVOT, Swing low/high, Round NUMBER )
Now when price arrived to that important level it can :
- Fail to broke & BOUNCE OFF that level (ex. PIVOT)
OR
- It can broke (smash trough) that level

2) The another REASON to take trade is when we see divergence or ideal signal comes in trend direction and we have clear road ahead.

WINNING FORMULA for high probability trade is :
REASON + GENESIS SIGNAL = TRADE
… so before next trade ask yourself do I have REASON to take it ???

Newbie see arrows and successful Genesis traders see REASON to take that trade !


Another important thing is what successful Genesis trader do after he pull trigger – trade management it is even more important than finding entries … the best example is RJ and what he is doing:
… yes… He is “GAMBLER” … in fact the best “GAMBLER” that I have occasion to voyeur at work J… but the main thing is that HE “GAMBLE” with his winning trades …
“bring your SL up to +1 now the trade is free...”; “…now it can do whatever it wants” --à that is only way to LET profit RUN !!! and He know it !
… no fear to leave money on table and let trade reach it target.

Most people tend to gamble with their losses … and that is difference my friends.

PS. ...RJ I hope You don’t mind that I call You GAMBLER J

Big THANKS for creators of GENESIS !!!
"Trading require mental flexibility far beyond the scope of most people"
  • #4,376
  • Sep 20, 2012 1:31pm Sep 20, 2012 1:31pm
Quoting Alohamen
Newbie see arrows and successful Genesis traders see REASON to take that trade !
Nice post Alohamen.

But I would put that another way Newbies hope trading it is as simple as placing a trade when an arrow appears.

When in actual fact experienced traders have many many 1000's of hours (probably 10,000s hours) of screen time, and will look at the bigger picture weighing numerous factors, and determining probability, and recalling previous similar setups.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,377
  • Sep 20, 2012 1:41pm Sep 20, 2012 1:41pm
Another stunning setup on GU +11 pips

strong H1 stoch and 15M arrows, pullback and pivot on 15M stoch

EJ also had a good stoch setup (at same time )

Think thats enough for today
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,378
  • Sep 20, 2012 9:14pm Sep 20, 2012 9:14pm
Quoting realjumper
Now.....as I have said, this system has been developed and tested by some great coders and traders under all conditions.....and the same team is close to releasing the next little jewel to you, and that too has been tested for 4 weeks by 4 people....16 weeks of trading/testing. When I see a trader pulling in more than 1,000 pips in one week, i *KNOW* that the system works. My own target of 100 pips per day is regularly attained......all using the system as laid out on the first page of this thread.
That's great news RJ. I am looking forward to seeing what you guys have come up with next.
  • #4,379
  • Sep 20, 2012 9:31pm Sep 20, 2012 9:31pm
Quoting MagicMike
That's great news RJ. I am looking forward to seeing what you guys have come up with next.
Yeah, RJ picked out my curiosity, I can't wait to see it. RJ, any idea when you will show it ?
  • #4,380
  • Sep 20, 2012 10:15pm Sep 20, 2012 10:15pm
Quoting ttaro27
Yeah, RJ picked out my curiosity, I can't wait to see it. RJ, any idea when you will show it ?
Just focus on your trading.......
Doing what you like is Freedom. Liking what you do is Happiness.
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