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Genesis Matrix Trading

  • #5,341
  • Oct 5, 2012 5:53pm Oct 5, 2012 5:53pm
Quoting Kasapreko
You're right,I should just be watching something else... these people just confirmed me not entering a trade that would have been
Yes.....you should be watch Genesis!!! It doesn't matter what the numbers say, it only matters what Genesis says.

I imagine a lot of people lost money because the moment those good numbers for USA were released, they would have jumped on EU and sold heavily.....and then got stopped out.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,342
  • Oct 5, 2012 6:14pm Oct 5, 2012 6:14pm
Quote
It doesn't matter what the numbers say, it only matters what Genesis says.]
Right. You have to have in mind 4 indicators ,
comparing to the Ha PA Candles.

I think Genesis is the best in M5.

but equal or M1 or D1 (works both, slow but great)
dont be to cool, to greedy, to empathic,

no coulda woulda shoulda
#

simply follow only the rules, and you will succeed.
It realy simply.

ps. And follow or understand Pivots. and Heikin Ahis.

ps2. I think Genesis has a (almost) perfect entry, but lags with fast exits. In M1 ( )

But i think i have to switch. Its another system. Gn.
How to opt out annoying user signatures ??
  • #5,343
  • Oct 6, 2012 5:55am Oct 6, 2012 5:55am
Hi everyone, im new to the thread but i have been following it for while now, i didnt read all the posts on the thread but hopefully i did read the important ones . I have two questions.

1. on what currency pairs does genesis work best (i saw that traders morsly use it on JPY crosses)

2. what is the risk reward ratio that you guys aim for.

Thank you
  • #5,344
  • Oct 6, 2012 7:15am Oct 6, 2012 7:15am
Quoting Riply
.

1. on what currency pairs does genesis work best (i saw that traders morsly use it on JPY crosses)
Not sure what charts you've been looking at on here, but we use all different currencies, not mostly JPY crosses.

Quote
2. what is the risk reward ratio that you guys aim for.
I don't aim for any particular risk reward I take the market as it comes but others may have different ideas. Obviously I'm not going to take a trade with a 60 pip stop and only 30 pips to the next pivot but I don't aim for a particular R:R.
  • #5,345
  • Edited 4:20pm Oct 6, 2012 4:08pm | Edited 4:20pm
Quoting Riply
2. what is the risk reward ratio that you guys aim for.

Thank you


Although I'm new to this system I've been trading since the 90s and very successfully for the last 4 years with stocks. Genesis is a natural fit for me with forex markets and it has been going very well.

I aim for 2-to-1 reward-to-risk ratio...but not on every trade. If my equity is at new highs then I will take a 1-to-1 trade no problem. However, when I get into a drawdown I get defensive and much more selective with my entries and trade management and focus more on waiting for high quality setups with a 2-to-1 RR to climb out of drawdown. You have to be adaptable and not see it as a black or white thing. The goal is to minimize losses and maximize profits. Press your winners and cut your losses.

However, I keep a running tally of how many trades i've taken with RR less than 2-to-1 versus those with RR greater than 2-to-1 and I will get more selective if the metric drops to an uncomfortable level.

The minimal RR I will take is 1-to-1 and if I do take a 1-to-1 trade then I'm typically extra careful, depending on the size of the stop, and ready to bail on the trade if the price action starts to get dicey.
  • #5,346
  • Oct 7, 2012 1:41am Oct 7, 2012 1:41am
Quoting shum
I apologize calculated once, and got 314 pips
I really Impressed by this statement Tell me how u cut - trade so fast What thing was that ? n Entry again ..On which condition u manage things?
  • #5,347
  • Oct 7, 2012 8:04am Oct 7, 2012 8:04am
Quoting realjumper
Yeah.....if you wait for a LH and a LL, you'll miss a large part of the trade.
Olivia/RJ,

Do you guys look at M5 for this or on HTF ?
  • #5,348
  • Oct 7, 2012 12:52pm Oct 7, 2012 12:52pm
I've noticed quite a few traders asking ,"What risk to reward ratio do you aim for?" (or shoot for) 1st of all, this is highly dependent on many factors. Your risk tolerance level, personality, account size, sobriety level, etc. 2nd of all, all of the traders on this thread use different R:R levels, some don't use any, it's highly personal. 3rd, and this is very important, is use of the word "aim". You may attempt to attain a profit that was 2X your risk. It doesn't mean you'll get it. You take what the market gives you and move on. And last, don't expect peple here to teach you how to trade. Go through the Baby Pips school, check some other threads and forums, but this thread is not a How To Trade thread. Some of the traders here have been quite generous with their time but frankly when I come here and I see posts like "Where should I put my stop?" or "When should I exit?" or my personal favorite, "How much profit have you made with Genesis?" I'm gone.
  • #5,349
  • Oct 7, 2012 1:08pm Oct 7, 2012 1:08pm
Quoting bobby2
I've noticed quite a few traders asking ,"What risk to reward ratio do you aim for?" (or shoot for) 1st of all, this is highly dependent on many factors. Your risk tolerance level, personality, account size, sobriety level, etc. 2nd of all, all of the traders on this thread use different R:R levels, some don't use any, it's highly personal. 3rd, and this is very important, is use of the word "aim". You may attempt to attain a profit that was 2X your risk. It doesn't mean you'll get it. You take what the market gives you and move on. And last,...
So who put you in charge of this thread, mister?
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,350
  • Oct 7, 2012 1:43pm Oct 7, 2012 1:43pm
Quoting jsf
So who put you in charge of this thread, mister?
He's only saying again what we have all said over and over again so if I were you I would take notice of it
  • #5,351
  • Oct 7, 2012 7:14pm Oct 7, 2012 7:14pm
Quoting bobby2
I've noticed quite a few traders asking ,"What risk to reward ratio do you aim for?" . 3rd, and this is very important, is use of the word "aim". You may attempt to attain a profit that was 2X your risk. It doesn't mean you'll get it. You take what the market gives you and move on..
So true, setting unrealistic TPs with big RRR is one of Forex's easier pasttime.
As per the usual, it's a good idea to keep a journal of each trade, including DrawDown, pips banked, most pips 'seen', % of TP achieved and so on....If you consistently fail to achieve 100% of your TP then it's probably too big for the TF you're trading and you should reduce it.
  • #5,352
  • Oct 7, 2012 7:23pm Oct 7, 2012 7:23pm
Quoting jsf
So who put you in charge of this thread, mister?
Nobody. Mister.
  • #5,353
  • Oct 7, 2012 7:26pm Oct 7, 2012 7:26pm
Quoting olivierforex
So true, setting unrealistic TPs with big RRR is one of Forex's easier pasttime.
As per the usual, it's a good idea to keep a journal of each trade, including DrawDown, pips banked, most pips 'seen', % of TP achieved and so on....If you consistently fail to achieve 100% of your TP then it's probably too big for the TF you're trading and you should reduce it.
Very good advice.
  • #5,354
  • Oct 8, 2012 1:32am Oct 8, 2012 1:32am
Quoting jsf
So who put you in charge of this thread, mister?
From the 1st page of the thread:
PLEASE NOTE: This is not a system for noobies to FX trading. Do not come here asking and/or expecting to be shown how to trade.....the experienced traders will not show you any mercy!! Instead, please go to babypips/school and do their course. It is free and it is extremely good. You will learn much there.
  • #5,355
  • Oct 8, 2012 1:47am Oct 8, 2012 1:47am
Current trade

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  • #5,356
  • Edited 2:17am Oct 8, 2012 2:05am | Edited 2:17am
I closed this trade with very small profit just before price began to reverse. That inside bar just before the reversal made me nervous. No loss, so I'm OK with it. Plus the M5 Stochs were heading south.

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  • #5,357
  • Oct 8, 2012 2:46am Oct 8, 2012 2:46am
Hello !
hope someone took that nice sell on EURJPY (tape 5M+H1+H4; stochs ALL)
... I took +20 pips instead of +40 or more !!!!
I must LET it RUN next time !!!!!

have a nice trading day
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"Trading require mental flexibility far beyond the scope of most people"
  • #5,358
  • Oct 8, 2012 3:03am Oct 8, 2012 3:03am
Alohamen,

congrats on trade !! pips is pips

If there was an award for putting the most Genesis tapes on 1 chart, you win by miles !!!

But remember Genesis motto - less is more !!

I dont see the point of having stochs indi, and then exact same stoch tape ???

Shame we have already reached 98% ADR for EJ. and S2

Grabbed a few pips for myself
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,359
  • Oct 8, 2012 3:12am Oct 8, 2012 3:12am
Quoting Martyfish
Alohamen,


If there was an award for putting the most Genesis tapes on 1 chart, you win by miles !!!
... yes You have right ...but I am visual so colours come faster to my brain than real stoch on multilpe charts ...
... I know 15M stoch dont come from OB ... but the way it SMASH pivot ! I just could not resist

cheers!
"Trading require mental flexibility far beyond the scope of most people"
  • #5,360
  • Oct 8, 2012 3:12am Oct 8, 2012 3:12am
Quoting olivierforex
So true, setting unrealistic TPs with big RRR is one of Forex's easier pasttime.
As per the usual, it's a good idea to keep a journal of each trade, including DrawDown, pips banked, most pips 'seen', % of TP achieved and so on....If you consistently fail to achieve 100% of your TP then it's probably too big for the TF you're trading and you should reduce it.
olivierforex, what do you mean by most pips 'seen'.
thank you.
Al.
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