Genesis Matrix Trading

Please dont ask that question

It should be longer, my exits are my weakest link !!

2 hours 45 mins was a very long time for me, earlier today, but just proved I need to let my winners run.

But I am very comfortable re-entering on breaking of pivot points, and as long as I am hitting my profit targets, I am happy man !!

Must not be greedy

It depends.....it could be 15 minutes to 8 hours. Could be even less than 15 minutes if the trade goes bad......

Well very simply, 6 things:

- Genesis thread page 1
- S&R
- Tape
- Stoch
- Genesis arrows
- SMA

The more the better, I prefer not to just rely on M5 only.

The only way you get familiar with good moves and timing, is to go over charts again, again & again. Take prints of good setups, and go over them again and again ....etc.

I spend a good hour at the end of every day, going over that day's charts, every weekend a few hours. At the beginiing of my forex trading career, I spent probably in region of 12 - 14 hours a day studying charts 7 days a week, for the first year.

It varies mainly depending on the TF traded, but to add to what I was suggesting the other day re keeping a journal of one's trades ( http://www.forexfactory.com/showthre...64#post6077664 ), another column that is worth keeping tabs on (for those who are mathematically minded and who like numbers) is the duration from 'entry' to 'best seen' for all the good trades: you might even discover a 'time sweet-spot' for your exits on certain pairs...

Not sure why, but I seem to whistle a lot these days lol

You sound as sad as I am

Long entry.

It's the same as most things in life.....in you want to get good at something, you have to put in the hours....there's no other way.

Just taken 100 pips on EJ, EU is lagging behind but I have +34 locked in so not bothered if it comes down to hit it. I took them because of the bullish divergence on EJ H1 and bullish divergence EU H4 along with M15 genesis.

Well done

The best way to study charts in peace is without the distraction from price movement and that's why the weekends were invented

True.......and that's why whistling is banned when studying charts

Olivia,
If you don't mind, when did you entered EJ, there was daily pivot in the way for quite a while.
Also, you now enter on M15 Genesis? Sorry, you may mentioned it before, I just have couple of hectic weeks, unable to read all reply on the thread.
Thanks for reply.

Yup, there is no shortcut at all.

The first course I went on, I ask the senior presenter how many hours she spent studying charts in the beginning of her career. Her response 12-14 hours a day 7 days a week for 2 years. So thats what I did !

The course was very average, but the advice invaluable.

I read somewhere it takes 10,000 hours to learn a new skill. Thats 3 years at 64 hours a week.

Olivia,

Awesome, well done !!

Yes you must have missed my post, I've been experimenting with M15 trying to train myself to stay in the trades longer

I entered on the 7:45 GMT candle, full M15 genesis signal, H1 divergence, daily pivot was 27 pips away, monthly pivot was very close but price had already come through that on its way down and this was the second serious attempt to go back through it, H1 stoch had turned back up so a probable good trade.

Hello everyone,
first of all I would like to say a big thank you to the members of the Genesis' team also as everyone else who contributed to this thread.
Here's my first post on forexfactory, I have been lurking a lot other systems since a few weeks, but I've fallen in admiration in front of this one.
So as I understand (by reading babypips & ForexFactory, don't worry too much) to start becoming effective we have to focus on one system only and give it a go.
So that's what I decided to do.

Now that I have read through the 370+ pages of that thread, I feel it is time to contribute and stop lurking around while others are doing all the job.

In order to not come here empty handed, I would like to share a concentrate of this thread most important posts. I think everyone here would find it quite useful.
But before doing that I would like to have the authorization of the Genesis' team in order to be sure that they are okay. As it is a "spoon feeding kind of way" of not having to read the thread before this point.
BUT
Unfortunately you will have to wait, as I see that only true members of ForexFactory can send private messages ahahah...


Well anyway we are not in a hurry.
Glad to be part of the adventure.

That's popularised by Malcolm Gladwell's book, Outliers

http://en.wikipedia.org/wiki/Outliers_%28book%29

It's more that it takes 10k hours to master a skill, or become an "expert", or to be successful.

It's "true", I know it to be true. But it's also my weak point. I have many "excuses", but I won't list them.

I have, however, stopped running after the nearest FF thread that promises immediate success, and am focusing on Genesis.

Well done to the "seniors" who have succeeded in this. Your continued success and confidence actually does inspire the rest of us.

Hi followers,

finally, after some months of hard work, we are ready to share with you the outcome of our efforts.

As you know Genesis is very good to spot high probability entries but in order to make good profit consistently sooner or later the trader must make a decision about the exit and this is the hardest part of any system.

In order to optimize the risk/reward of the system in the last months we have been spending a lot of time to design alternative strategies
which can fit with different traders' styles.

Attached you can download a pdf file where you can find :
1. A summary of the Genesis system with the setup and entry rules
2. Three different exit rules with examples (the standard one plus two new ones)
3. Statistical analysis of the performances

My personal hope is that this work will help some of you to achieve your goals and realize your dreams.

Enjoy your journey.

wiz3003

_______

The Jademaster

One cold winter morning a young man walks five miles through the snow. He knocks on the Jademaster's door.

The Jademaster answers with a broom in his hand.

"Yes?"

"I want to learn about Jade."

"Very well then, come in out of the cold."

They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.

"Excuse me, I am here to leam about Jade, not tree frogs."

The Jademaster takes the stone and tells the young man to go home and return in a week. The following week the young man returns.
The Jademaster presses another green stone into the young man's hand and continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass. The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the kitchen and sweep the floors. Spring comes.

One day, the young man observes, "The stone I hold is not genuine Jade."

I lean back in my chair, savoring the story. My student interrupts.

"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out about the markets. I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and
options. I want to make big money. You tell me a fable about Jade. What is this? You ..."

"That's all for now. Leave those price charts on the table. Come back next week."

Months pass. My student interrupts less and less as I continue the story of The Trader's Window.

from "The Trader's Window" - ED SEYKOTA

Congratulations to the Genesis team, this is some impressive work. Thank you again for continually bringing us new knowledge.

This is a clear and concise pdf file, all important points are included.
Plus the exit part is well approached and will ease a lot everyone of us. Specifics about them were the less approached in the thread. Now it covers a new side of the system.

The statistics are simply astonishing

this has to be the best trading system EVER in FF

I just LOVED the statistics.

This proves how solid genesis system is.

congratulations to the team, you guys are truly awesome.