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Genesis Matrix Trading

  • #6,221
  • Oct 24, 2012 6:47pm Oct 24, 2012 6:47pm
Quoting SebastiaanV

I've been studying my trades and the charts this evening and see that the drawdowns are mostly because I did not let the trade run long enough. Instead when the trade reversed I decided to cut my loses and move on.

Lessons:

1. Trust the system and my own ability to take a good trade
2. DONT BE GREEDY!! Rather skip on a good trade than to take a bad one
To study your trades like you have done is good. It is something that should be done every day as part of the whole trading occupation.....it's all part of the deal.

And yes.....to trust the system. Whenever I think I know better than the system, I nearly always get slapped by mister market!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,222
  • Oct 25, 2012 12:39am Oct 25, 2012 12:39am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I'm glad to see they wind Big Ben back an hour on Sunday..... I can start trading earlier!
  • #6,223
  • Oct 25, 2012 12:53am Oct 25, 2012 12:53am
Quoting Jamz
I'm glad to see they wind Big Ben back an hour on Sunday..... I can start trading earlier!
And I have to stay up yet another hour....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,224
  • Oct 25, 2012 12:57am Oct 25, 2012 12:57am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
realjumper Quote:
Originally Posted by Jamz http://www.forexfactory.com/images/buttons/viewpost.gif
I'm glad to see they wind Big Ben back an hour on Sunday..... I can start trading earlier!


And I have to stay up yet another hour....

Is that because you are waiting for a close or NY open?
  • #6,225
  • Oct 25, 2012 1:17am Oct 25, 2012 1:17am
Quoting Jamz
Is that because you are waiting for a close or NY open?
It means that London and Europe opens an hour later for me so I need to stay up for another hour
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,226
  • Oct 25, 2012 1:24am Oct 25, 2012 1:24am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
No if you still live round the corner it is back to London 7:00 pm. I hope my maths is right.....
  • #6,227
  • Oct 25, 2012 1:42am Oct 25, 2012 1:42am
Quoting Jamz
No if you still live round the corner it is back to London 7:00 pm. I hope my maths is right.....
No.....other way. London open is 8pm for us Kiwi's.....next week it will be 9pm
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,228
  • Oct 25, 2012 1:53am Oct 25, 2012 1:53am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
dang! Do they have that on Babypips? I'd better go there......
Got a buy on GBPUSD that has stalled on R1 on hourly....BE @ +10....must thank you again. There is nothing like a little arrow to help entry. Euro stuck on barbwire fence again too at 1.3000 needs a leg over.
  • #6,229
  • Oct 25, 2012 3:04am Oct 25, 2012 3:04am
Quoting realjumper
No.....other way. London open is 8pm for us Kiwi's.....next week it will be 9pm
Just great, pushing it back even further...

Nice start to the afternoon, must admit I cheated and started a little earlier

Took the AU for 28 and the EU for 20
  • #6,230
  • Oct 25, 2012 3:05am Oct 25, 2012 3:05am
Just taken this trade on Gold M15
Looks good to me as a continuation of the bullish move as has broken all recent S/R levels and over 50 points below R2.

Should also add that it has broken and re-tested R1

Comments welcome to help me learn
Attached Image (click to enlarge)
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Please Do Not PM Me With Coding Enquiries
  • #6,231
  • Oct 25, 2012 3:23am Oct 25, 2012 3:23am
Quoting Gumrai
Just taken this trade on Gold M15
Looks good to me as a continuation of the bullish move as has broken all recent S/R levels and over 50 points below R2.

Should also add that it has broken and re-tested R1

Comments welcome to help me learn
You have a PM.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,232
  • Oct 25, 2012 3:31am Oct 25, 2012 3:31am
Anyone getting ready to short EU ?
Failure leads to Success if one learns from mistakes and never give up
  • #6,233
  • Oct 25, 2012 3:46am Oct 25, 2012 3:46am
stop taken out on GU +50
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,234
  • Oct 25, 2012 3:56am Oct 25, 2012 3:56am
Quoting Martyfish
stop taken out on GU +50
Congrats, but do you use the M15 Stochastic?
  • #6,235
  • Oct 25, 2012 4:00am Oct 25, 2012 4:00am
Quoting Gumrai
Just taken this trade on Gold M15
Looks good to me as a continuation of the bullish move as has broken all recent S/R levels and over 50 points below R2.

Should also add that it has broken and re-tested R1

Comments welcome to help me learn
I agree with all your comments but bear in mind for caution that:
.it's a re-entry, the original long was 10 bars earlier
.Stox has already been in OB territory
.Stox is making a bearish divergence
.before we get to S2, 100%ATR is at 1719.4
Before that, if you draw a trendline taking yesterday's and Monday's low, and make a parallel channel with Monday's high, that channel top line comes in where we are stalling now (1717) + you also got 80%ATR level at 1716
Attached Image (click to enlarge)
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  • #6,236
  • Oct 25, 2012 4:00am Oct 25, 2012 4:00am
I use slightly different stoch settings.

But I got a M5 tape, and I knew the UK GDP figures had been leaked, and they were going to be very good !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,237
  • Oct 25, 2012 4:02am Oct 25, 2012 4:02am
Plus I have to admit, I use some other indies, which for obvious reasons, I cant mention here
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,238
  • Oct 25, 2012 4:13am Oct 25, 2012 4:13am
Quoting Martyfish
I use slightly different stoch settings.
Be mindful that only posting results of trades will be confusing/frustrating for a lot of people in here especially if they are not accompanied by a chart and you're using different settings so they have no chance to learn anything from it
  • #6,239
  • Oct 25, 2012 4:20am Oct 25, 2012 4:20am
Quoting olivierforex
Be mindful that only posting results of trades will be confusing/frustrating for a lot of people in here especially if they are not accompanied by a chart and you're using different settings so they have no chance to learn anything from it
Thanks
  • #6,240
  • Oct 25, 2012 4:34am Oct 25, 2012 4:34am
Quoting Ta Hui
Hello Genesis Team,
I would like to express my gratitude for the great work you all have put into the Genesis System and the generous way you have all shared it.
I have been reading the thread since about late August. I have just recently finished reading/re-reading the whole thread. Now I am over in Babypips doing the course there. After seeing the the new pdf I was bursting with gratfullness so had to emerge from the "lurking" shadows and participate with these few words.
So, Bravo to the team!
kind regards,
Ta Hui
Hello, just wanted to add an update. I finished the babypips course. I thought it was a great course, learnt a lot along the way.
Now I start backtesting getting used to the setups, entries & exits using the 5_15 Genesis Strategy with Exit 3.
I was thinking to use the Forex Tester 2 software to backtest. Has anyone used this with the Genesis System? I am asking because the Genesis indicators would need to be recoded for the Forex Tester. Has anyone done this conversion yet or is this a question for Xaphod in the other thread he has.
Otherwise I will just use the LFH Trade Simulator. Just wanted to check it out first with you all here.
Green Pips to all,
Ta Hui
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