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Genesis Matrix Trading

  • #4,941
  • Sep 28, 2012 4:37pm Sep 28, 2012 4:37pm
Quoting werther
Could you share your template?
Its the standard Genesis indi's ??

but yup sure !!
Attached File(s)
File Type: tpl Genesis.tpl   16 KB | 590 downloads
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,942
  • Sep 28, 2012 5:05pm Sep 28, 2012 5:05pm
Quoting Xaphod
The Stoch-MTF draws the line to the last lower time-frame candle. It gives a more accurate real-time representation.

The #MTF Stochastic draws the line to the first lower time-frame candle. It looks better in hindsight . It also gets the crossover wrong.
Aah thank you for explaining that Xaphod
  • #4,943
  • Edited Sep 29, 2012 10:55pm Sep 28, 2012 11:36pm | Edited Sep 29, 2012 10:55pm
Quoting Xaphod
The Stoch-MTF draws the line to the last lower time-frame candle. It gives a more accurate real-time representation.

The #MTF Stochastic draws the line to the first lower time-frame candle. It looks better in hindsight . It also gets the crossover wrong.
Thanks for explaining it!
  • #4,944
  • Sep 29, 2012 9:17am Sep 29, 2012 9:17am
Quoting Xaphod
The Stoch-MTF draws the line to the last lower time-frame candle. It gives a more accurate real-time representation.

The #MTF Stochastic draws the line to the first lower time-frame candle. It looks better in hindsight . It also gets the crossover wrong.
Hi Xaphod/Cody,
Just to clarify:
1) Stoch-MTF is the one to use.
2) Stoch-MTF is the same as X-Stoch that I got from one of you guys a while back (they look the same on my charts)?
Thanks in advance.
  • #4,945
  • Sep 29, 2012 1:12pm Sep 29, 2012 1:12pm
Quoting olivierforex
Just to clarify:
1) Stoch-MTF is the one to use.
2) Stoch-MTF is the same as X-Stoch that I got from one of you guys a while back (they look the same on my charts)?
1. Use whichever you prefer.
2. Stoch-MTF is the most current iteration/version.
  • #4,946
  • Sep 30, 2012 2:50am Sep 30, 2012 2:50am
"When you operate from the assumption that more or better
analysis will create consistency, you will be driven to gather as many
market variables as possible into your arsenal of trading tools. But
what happens then? You are still disappointed and betrayed by the
markets, time and again, because of something you didn't see or give
enough consideration to. It will feel like you can't trust the markets;
but the reality is, you can't trust yourself."
Mark Douglas - Trading in the Zone
Everything is possible!!! Step by Step...
  • #4,947
  • Sep 30, 2012 12:02pm Sep 30, 2012 12:02pm
Quoting DmitryFX
Mark Douglas - Trading in the Zone
I'm not saying that people like him don't have anything to bring as obviously psychology plays a part in trading (but less & less as one progresses)...but I strongly disagree that successful trading is 80% psychology & only 20% methodology.
The phrase "If you can't trade, teach (and make your money that way)" was devised for people like him long ago.
  • #4,948
  • Sep 30, 2012 12:38pm Sep 30, 2012 12:38pm
Quoting olivierforex
I'm not saying that people like him don't have anything to bring as obviously psychology plays a part in trading (but less & less as one progresses)...but I strongly disagree that successful trading is 80% psychology & only 20% methodology.
The phrase "If you can't trade, teach (and make your money that way)" was devised for people like him long ago.
Oli,

what is in your opinion the right ratio between psych and tech?

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #4,949
  • Sep 30, 2012 1:55pm Sep 30, 2012 1:55pm
Quoting wiz3003
Oli,

what is in your opinion the right ratio between psych and tech?

ciao

wiz
There's no answer to that. It really depends on the individual trader, how advanced they are in their trading career and where they are financially at a given time.. It's a ratio that will change as one progresses through trading and dare I say, through life. All things being equal, this ratio will/should gradually increase in tech's favour throughout a trader's journey.

That's why 'rules based systems/strategies' (like Genesis) are well suited to remove the emotions out of trading because the decision-making process does not have too many grey areas (unlike fundamental-analysis-trading that can always be viewed from 2 completely opposite angles).

Having said all that (lol), many people can still benefit from a good read and take many clues about attitude/discipline/belief... from some of his books, so enjoy!
Attached File(s)
File Type: pdf Disciplined_Trader.pdf   591 KB | 1,186 downloads
  • #4,950
  • Sep 30, 2012 2:09pm Sep 30, 2012 2:09pm
Another comparison, I once read was:

You can give an experienced trader an extremely profitable strategy and they can lose money, and you can give a very average/barely profitable system to an experienced trader, and they can make decent profits.

I think a major differentiating factor, is experienced traders understand the complexity of the markets, inexperienced traders, are just hoping to find the holy grail of an arrow or a cross on an indi, will give them money.

Take for example Yelana's trades about a week ago, trading her correlated pairs, with a stunning trade, then on Friday RJ noted GU was retesting multi-day highs, and with strong stoch divergence, made a very nice trade.

How often do we see inexperienced traders post a 5M chart, and ask "why the trade didnt work", or "is this a good entry", only for experinced traders comment, "did you look at the H1 chart..."

Re psychology, to me trader psychology, can be translated into an undertstanding of probabilities, and trust in their extensively tested trading system.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,951
  • Sep 30, 2012 2:33pm Sep 30, 2012 2:33pm
Quoting olivierforex
There's no answer to that. It really depends on the individual trader, how advanced they are in their trading career and where they are financially at a given time.. It's a ratio that will change as one progresses through trading and dare I say, through life. All things being equal, this ratio will/should gradually increase in tech's favour throughout a trader's journey.

That's why 'rules based systems/strategies' (like Genesis) are well suited to remove the emotions out of trading because the decision-making process does not have too many grey...
Oli,
what you say makes a lot of sense and I agree 100%.
At the beginning of my trading experience I was focused only on TA and made all the typical mistakes of newbies losing a lot of money. After a couple of years finally I understood my technical setups/enters were pretty much good but my tactics was a disaster (no game plan, bad MM, no targets, emotional decisions etc...). Finally once I set up all these parts I discovered that emotions didn't allow me to stick my plans ... eh eh eh what incredible journey inside yourself..... gnôthi seautón (know yourself).

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #4,952
  • Sep 30, 2012 3:02pm Sep 30, 2012 3:02pm
So much ot talk here. I dont read 2/3 of it.
He he, i understand RJs opinion completely,

Now.


Matrix is a simple and nice system if you know to trade,
understand Pivots and HAs.

Ist realy not so heavy, try to not overload or over adjust it.
3 new indicators and 2 other rules, and its a another system.

Later when you make gains 3-6 Months from now,
then you can start to try something new, or expand the rules..

imo..
How to opt out annoying user signatures ??
  • #4,953
  • Sep 30, 2012 3:29pm Sep 30, 2012 3:29pm
Quoting Toranaga
So much ot talk here. I dont read 2/3 of it.
He he, i understand RJs opinion completely,

Now.


Matrix is a simple and nice system if you know to trade,
understand Pivots and HAs.

Ist realy not so heavy, try to not overload or over adjust it.
3 new indicators and 2 other rules, and its a another system.

Later when you make gains 3-6 Months from now,
then you can start to try something new, or expand the rules..

imo..
From Post 4503

"So, no other indicators will be accepted here from now on. If you bring another indicator here, you will be asked just once to remove it. If you do not, or if you break this rule a second time, you yourself will be removed. I know that’s harsh, and I don’t care, that’s the way it’s going to be."
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,954
  • Sep 30, 2012 3:33pm Sep 30, 2012 3:33pm
Minako account has been terminated by FF administrators for multiple usernames. The other usename was Yelena. Multiple usernames is a banning offense by the administrators at Forex Factory over which we have no control, and they catch people out all the time which is why the Minako account has been terminated. On our thread, we also don't like people playing silly games like this at best, and outright dishonesty at worst so the team has decided to revoke Yelena's posting privileges at this time. Yelena may contact anyone of the team to discuss this if she wishes to do so.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,955
  • Sep 30, 2012 3:36pm Sep 30, 2012 3:36pm
Quoting wiz3003
... eh eh eh what incredible journey inside yourself..... gnôthi seautón (know yourself).
Indeed. No other profession/occupation that I know of will tell/reveal more about the real you inside than trading and it's not always the prettiest of picture...
  • #4,956
  • Sep 30, 2012 3:55pm Sep 30, 2012 3:55pm
Quoting realjumper
Minako account has been terminated by FF administrators for multiple usernames. The other usename was Yelena. Multiple usernames is a banning offense by the administrators at Forex Factory over which we have no control, and they catch people out all the time which is why the Minako account has been terminated. On our thread, we also don't like people playing silly games like this at best, and outright dishonesty at worst so the team has decided to revoke Yelena's posting privileges at this time. Yelena may contact anyone of the team to discuss...

ouch

I never saw that coming. Now I have to reconsider the legitimacy of every one of yelena's...err minako's posts

for all I know she could be a he
  • #4,957
  • Sep 30, 2012 4:08pm Sep 30, 2012 4:08pm
Me yet..

Quoting Roulette
ouch

I never saw that coming. Now I have to reconsider the legitimacy of every one of yelena's...err minako's posts

for all I know she could be a he
Blah. Both of them was great, the knowledge has nothing to do with the split personality, if.. It was so..

How to opt out annoying user signatures ??
  • #4,958
  • Sep 30, 2012 4:16pm Sep 30, 2012 4:16pm
Quoting realjumper
Minako account has been terminated by FF administrators for multiple usernames. The other usename was Yelena. Multiple usernames is a banning offense by the administrators at Forex Factory over which we have no control, and they catch people out all the time which is why the Minako account has been terminated. On our thread, we also don't like people playing silly games like this at best, and outright dishonesty at worst so the team has decided to revoke Yelena's posting privileges at this time. Yelena may contact anyone of the team to discuss this...
Ridiculous
Look at something long enough, you will eventually get it.
  • #4,959
  • Sep 30, 2012 4:19pm Sep 30, 2012 4:19pm
Quoting traco1
Ridiculous
What is?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,960
  • Sep 30, 2012 4:22pm Sep 30, 2012 4:22pm
Quoting realjumper
What is?
2 user names
Look at something long enough, you will eventually get it.
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