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Genesis Matrix Trading

  • #5,781
  • Oct 17, 2012 10:18am Oct 17, 2012 10:18am
Quoting Jandre
I could not get them working either, I just used matrix and stochastic.
Same problem here, I guess it's because it emulates only a M5 historic so any other timeframe doesn't "exist" for the simulator.
If someone has a solution ..
  • #5,782
  • Oct 17, 2012 10:23am Oct 17, 2012 10:23am
probably because of tomorrow's economy summit. But I am still of the opinion that the market will move shortly.
  • #5,783
  • Oct 17, 2012 10:30am Oct 17, 2012 10:30am
Quoting realjumper
Evaluator was credited on the first Post of this thread....which you obviously haven't read. This isn't Symphonie....that system uses repainting indicators except TVi which I introduced over there, it deals with Elliot waves, dead cat bounces, expanding triangles and all sorts of other bias forming clap trap bollocks.

You can't trade and when you lose you spit the dummy and blame the system.

Sod off loser
Managed to get rid of the naysayer and he left Forex Factory too. Not a surprise after the invective above.

I've been evaluating the "Genesis Matrix Trading System" and I have to report that using many indicators and converting it to a digital signal is not a new idea.

In fact it's

Quoting realjumper
clap trap bollocks.

You can't trade and when you lose you spit the dummy and blame the system.

Sod off loser
Be aware, friends of this thread, indicators work well only in trending markets and trading away from support and resistance.

In other words, they work well when you know how to trade.




In which case, you won't be needing them.

Gone to a better place
  • #5,784
  • Oct 17, 2012 10:31am Oct 17, 2012 10:31am
I will not like to break the rules of this thread by predicting the movement of EU else I would have called your attention to the H1 divergence which is saying that no more up movement. And also the R3 using my pivot.
  • #5,785
  • Oct 17, 2012 11:15am Oct 17, 2012 11:15am
Quoting rotmos
I will not like to break the rules of this thread by predicting the movement of EU else I would have called your attention to the H1 divergence which is saying that no more up movement. And also the R3 using my pivot.
I saw that bearish divergence and took a short at R2 with a small 5 pip sl, locked in at BE.
  • #5,786
  • Oct 17, 2012 11:50am Oct 17, 2012 11:50am
looking like a triple divergence - if only they came with a guarantee

Quoting rotmos
I will not like to break the rules of this thread by predicting the movement of EU else I would have called your attention to the H1 divergence which is saying that no more up movement. And also the R3 using my pivot.
  • #5,787
  • Oct 17, 2012 12:01pm Oct 17, 2012 12:01pm
I use stoch 21,5,5. in addition to the 11,3,3. to prevent myself from shorting @ R2. I can only short now if Genesis signal comes.
  • #5,788
  • Oct 17, 2012 2:48pm Oct 17, 2012 2:48pm
Quoting ohammond
Sorry for the delay answering but I had to go out for a while. I wouldn't take a buy probably if the stoch is strongly facing the other way, but I look at the H1 chart as a whole before I take a trade rather than just one part of it and what I saw was hidden bullish divergence on H1 then regular bullish divergence on M15 so it was worth going in as the H1 stoch had started to turn around.
Thanks for the reply olivia, much appreciated.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #5,789
  • Oct 17, 2012 3:12pm Oct 17, 2012 3:12pm
Quoting smikester
Managed to get rid of the naysayer and he left Forex Factory too. Not a surprise after the invective above.

I've been evaluating the "Genesis Matrix Trading System" and I have to report that using many indicators and converting it to a digital signal is not a new idea.
He was met with that response because he said this is symphonie when in fact its not. We replaced any repainting indicators with those that don't repaint, not just variants of the same indicator but completely different ones, and I'm not aware that anyone has said its a new idea, not sure where that came from.



Quote
Be aware, friends of this thread, indicators work well only in trending markets and trading away from support and resistance.

In other words, they work well when you know how to trade.




In which case, you won't be needing them.

I think we have been through trending ranging and just about every other type of market and its stood the test of all types so I don't think you need to worry about the majority of people on this thread. We are doing just fine thank you.
  • #5,790
  • Oct 17, 2012 5:46pm Oct 17, 2012 5:46pm
Quoting smikester
I've been evaluating the "Genesis Matrix Trading System" and I have to report that using many indicators and converting it to a digital signal is not a new idea.

I don't recall anyone saying that it was a new idea. The wheel is not a new idea either......


Quoting smikester

Be aware, friends of this thread, indicators work well only in trending markets and trading away from support and resistance.

In other words, they work well when you know how to trade.

In which case, you won't be needing them.
Thanks for "evaluating" our system. Not sure who you think you are, but we didn't ask for your esteemed opinion.....

Run along now......go back to your thread surfing.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,791
  • Oct 17, 2012 7:47pm Oct 17, 2012 7:47pm
I feel that I am over trading this system and honestly my results are very hit and miss... patience... on average say, how many trades per session/ day are you taking if you are having success with this system?

I feel like I am following the rules, but also sometimes I get into the trades to soon because I see them lining up, and feel that the arrow often doesn't appear until too late to get in for any profit. Especially if waiting for the candle following the arrow to open below the 5 ema.

Especially on the 5 minute charts which is apparently where most of the success is at?

I realize I don't give much info for anyone to really offer any analysis, I am more so looking at how many trades I should be looking to make so that I know I am closer to being on track spotting the right trades to take.

Thanks everyone.
Enter Signature
  • #5,792
  • Oct 17, 2012 8:16pm Oct 17, 2012 8:16pm
Quoting danbo19
I feel that I am over trading this system and honestly my results are very hit and miss... patience... on average say, how many trades per session/ day are you taking if you are having success with this system?

I feel like I am following the rules, but also sometimes I get into the trades to soon because I see them lining up, and feel that the arrow often doesn't appear until too late to get in for any profit. Especially if waiting for the candle following the arrow to open below the 5 ema.

Especially on the 5 minute charts which is apparently...
Let me ask you a question...well....2 questions:

How long have you been trading?

How long have you been trading this system?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,793
  • Oct 17, 2012 8:21pm Oct 17, 2012 8:21pm
Studying off and on for a few years but its like playing a guitar, if you don't stick with it, you lose it.

But steady now for a handful of months, this system probably a month in various ways.

I seem to find that I struggle the most with patience.
Enter Signature
  • #5,794
  • Edited 8:50pm Oct 17, 2012 8:38pm | Edited 8:50pm
Quoting danbo19
Studying off and on for a few years but its like playing a guitar, if you don't stick with it, you lose it.

But steady now for a handful of months, this system probably a month in various ways.

I seem to find that I struggle the most with patience.
Ok.

If trading was as easy as spending a handful of months on learning currency trading, and one month on a system (any system), then we would all be rich beyond our wildest dreams, would we not?

Trading is not easy, and it certainly isn't a get rich quick scheme.

Traders that we have to compete against include the major banks and hedge fund managers etc etc etc, and those people have studied their craft for years, and been mentored by some on the best in the business. They trade accounts so large that it would make your eyes water!!

It simply is not possible to compete against those professional and highly trained and skilled traders by spending a handful of months learning the market and one month on a system.

Going to your local tool store and buying the latest welding equipment and a DIY on Welding book, and spending a handful of months learning to weld, will not get you a job in any engineering plant, let alone on a North Sea oil rig where the big money is made. Obviously you will be competing against some highly skilled and experience welders and you cannot compete.

But, by spending a lot of time.....a LOT of time, learning how the market moves and what moves it, and then applying a good system, you stand a chance of making it.

As I said, trading is not easy....it is very difficult. It is unreasonable to expect consistent profits until you have invested considerable time in learning this craft.

Perhaps you are not suited to trading....perhaps you underestimate what is required of you to succeed in this business. Only you will know these things, and this is not an occupation that is suited to everyone, any more than being a welder suits everyone.

Most people spend 3 years or more of intense learning, practicing and screen time before they 'get the hang of it'.....most welders (and other trades) spend 3 or 4 years learning the basics too. Trading is no different to learning any other trade/skill. it takes time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,795
  • Oct 17, 2012 8:47pm Oct 17, 2012 8:47pm
Nice strategy realjumper...

This technique is workable. However for those who are new/Newbie to FX, they need to understand the difference between Trending, Ranging & Reversal.

Multitime TF is best to analyse Reversal.

Twinsummit
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #5,796
  • Edited 9:46pm Oct 17, 2012 9:34pm | Edited 9:46pm
Quoting realjumper
Ok.

If trading was as easy as spending a handful of months on learning currency trading, and one month on a system (any system), then we would all be rich beyond our wildest dreams, would we not?

Trading is not easy, and it certainly isn't a get rich quick scheme.

Traders that we have to compete against include the major banks and hedge fund managers etc etc etc, and those people have studied their craft for years, and been mentored by some on the best in the business. They trade accounts so large that it would make your eyes water!!

It...
Well said RJ, I have giving up on trading many times over the last six years! I blew out 2 accounts and when I lost all my money the second time I promised myself I was done. Well I was just fooling myself because I always ended up coming back to it! What ended up being my light bulb moment for me was when I started using stop losses no matter what and stopped being afraid to pull the trigger! You have to be patient but impulsive at the same time in this business, It's rather strange! Just keep your risk in check and let your winners run but like RJ said, you need screen time! I think most traders give up early because it takes a lot of time to learn this business and most people with jobs can not invest enough time to learn, they get frustrated and quit before they eventually get it. I am lucky because I started trading when I was younger and could invest the time into it! I am now almost out of college and I am prob not even going to look for a job because I'm going to be trading full time!

“Life’s real failure is when you do not realize how close you were to success when you gave up”
  • #5,797
  • Oct 17, 2012 9:37pm Oct 17, 2012 9:37pm
“Would you like me to give you a formula for success? It’s quite simple, really! Double your rate of failure, you are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that is where you will find success” (Thomas J. Watson)
  • #5,798
  • Oct 17, 2012 10:18pm Oct 17, 2012 10:18pm
Quoting realjumper
Ok.

If trading was as easy as spending a handful of months on learning currency trading, and one month on a system (any system), then we would all be rich beyond our wildest dreams, would we not?

Trading is not easy, and it certainly isn't a get rich quick scheme.

Traders that we have to compete against include the major banks and hedge fund managers etc etc etc, and those people have studied their craft for years, and been mentored by some on the best in the business. They trade accounts so large that it would make your eyes water!!

It...

I don't recall saying I expected trading to be easy, nor did I ever imply that it was easy, nor did I ever say I knew everything it took to be successful, nor did I ever say I expected to spend some money on a tool that was going to make me instantly rich.

Also if it was my belief that I would get rich quick, then I likely would have left the game shortly after starting and not becoming rich right away.

I have put in a ton of screen time since say February or March, and I haven't given up yet and I don't plan to any time soon because I'm not rich from it yet. I have been reading up and demo trading off and on for the last 6 years at least, I just find that when I stop for a given period of time I lose everything I learned before.

I simply asked for an idea of how many trades people are taking on average so I could get a better idea to the number or signals I could be expecting because I am clearly too accepting of what I see as a valid signal because I believe I am over trading, which is not a good thing.

I have a lot of respect for the system and the team and the time and effort you have put in, there is a reason I read this thread and have followed it since discovering the system, and there is a reason I have been trying it out.

I am not as naive and clueless as you seem to believe, I do understand how the worlds markets work, as I do have a University degree in Finance, but that doesn't mean I have found success with a system for trading forex.
Enter Signature
  • #5,799
  • Oct 17, 2012 10:22pm Oct 17, 2012 10:22pm
Quoting danbo19
I don't recall requesting to be attacked, nor did I ever say I expected trading to be easy, nor did I ever imply that it was easy, nor did I ever say I knew everything it took to be successful, nor did I ever say I expected to spend some money on a tool that was going to make me instantly rich.

Also if it was my belief that I would get rich quick, then I likely would have left the game shortly after starting and not becoming rich right away.

I have put in a ton of screen time since say February or March, and I haven't given up yet and I don't...
I never "attacked you".....I offered some friendly advice......... You're out of here...good bye
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,800
  • Oct 18, 2012 12:17am Oct 18, 2012 12:17am
Pleases RJ don't be offended by the reply of danbo19. He only needs some more little explanation, only that he did not ask for it in a good way. I will advice him to study and not read the entry rule again as no one can tell the number of time to trade in a day. Trade what you see and not what you think. you are trading what you think that is why you are inpatient.
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