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Genesis Matrix Trading

  • #7,561
  • Nov 19, 2012 5:50am Nov 19, 2012 5:50am
Quoting Gumrai
Had a steady run, but not given any genesis signals short until half hour ago
The M15 gave a good signal just after frankie opened that might have been worth the 12-15 pip SL.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,562
  • Nov 19, 2012 6:13am Nov 19, 2012 6:13am
I've gathered a few pips tonight (+32) so that will have to do as it's 3.15 am. It's ok because the PA was crap tonight. Now that I'm going to sleep. the market is going to move, so get ready!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,563
  • Nov 19, 2012 6:42am Nov 19, 2012 6:42am
Quoting Gumrai
Appreciate if you could post a chart with your reasons for taking the trade.
Looking at my chart, I don't see a Genesis trade that yielded 40 pips. Maybe difference between brokers' charts?
Hi Gumrai, sorry, I don't know how to post charts, Iv'e never had the need before, I should
have put $40 (Australian) I forgot I had 2 lots on that trade in pips it was only 20, I
apoligize for any confusion I may have caused, my broker is FXCM
  • #7,564
  • Nov 19, 2012 8:03am Nov 19, 2012 8:03am
Quoting realjumper
I know some of the newer members here think that I may be too strict or too grumpy or whatever, but you need to know that this is for not only your own good, but for the good of others yet to come, and for the good of the system.

In my time at Forex Factory I have seen many, many systems that were solid systems and they all morphed into a complete mess because people (mostly newbies) keep adding more and more indicators and make other changes like including Elliot Waves or Harmonic patterns etc etc etc. Take a look the systems threads and you...
I'm a little late to this post, but let me add that I'm one of those new to forex that kept checking out new indicators 'other people' supplied on Genesis, and having to delete them after trying them out. And it set me back a month or two in progress.

I'm getting profitable (and looking like it may be consistent), which is pretty decent going considering I've never done systems trading before I came across Genesis, and only really went back and forth demo vs live for a couple of months since September.

And I've not been to a different thread/system since Genesis.

Thanks to the team here, yet again.
  • #7,565
  • Nov 19, 2012 9:22am Nov 19, 2012 9:22am
Quoting RainyDay1
I'm a little late to this post, but let me add that I'm one of those new to forex that kept checking out new indicators 'other people' supplied on Genesis, and having to delete them after trying them out. And it set me back a month or two in progress.

And I've not been to a different thread/system since Genesis.

Thanks to the team here, yet again.
sums up my view perfectly. A consistent thread carves out a consistent trader in the long run
  • #7,566
  • Nov 19, 2012 12:24pm Nov 19, 2012 12:24pm
Quoting joneepom
Hi Gumrai, sorry, I don't know how to post charts, Iv'e never had the need before, I should
have put $40 (Australian) I forgot I had 2 lots on that trade in pips it was only 20, I
apoligize for any confusion I may have caused, my broker is FXCM
Here you go : http://www.forexfactory.com/userguide.php#forum_attach
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,567
  • Nov 19, 2012 12:25pm Nov 19, 2012 12:25pm
Quoting realjumper
I've gathered a few pips tonight (+32) so that will have to do as it's 3.15 am. It's ok because the PA was crap tonight. Now that I'm going to sleep. the market is going to move, so get ready!!
Told ya!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,568
  • Nov 19, 2012 8:02pm Nov 19, 2012 8:02pm
Quoting realjumper
Told ya!!!
Well there's another trading strategy.....................set the alarm for 3am NZ time .......a big move is about to take place....LOL
  • #7,569
  • Nov 19, 2012 10:22pm Nov 19, 2012 10:22pm
Quoting realjumper
Told ya!!!
Good day. Today's all day Euro group meeting, what is your reaction?
  • #7,570
  • Nov 19, 2012 10:31pm Nov 19, 2012 10:31pm
Quoting rotmos
Good day. Today's all day Euro group meeting, what is your reaction?
Well France got downgraded today so you'd imagine that the Euro would drop, but who knows? Markets have strange reactions to news sometimes so we'll have to wait and see
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,571
  • Nov 19, 2012 10:36pm Nov 19, 2012 10:36pm
Quoting realjumper
Well France got downgraded today so you'd imagine that the Euro would drop, but who knows? Markets have strange reactions to news sometimes so we'll have to wait and see
Tanx. I will keep eye on PA then, than indicator.
  • #7,572
  • Nov 19, 2012 10:51pm Nov 19, 2012 10:51pm
Quoting rotmos
Tanx. I will keep eye on PA then, than indicator.
I don' think that's what RJ meant. I think he meant that markets can be unpredictable, often doing or not doing what we expect them to do. So don't try to predict the market!
  • #7,573
  • Nov 19, 2012 11:01pm Nov 19, 2012 11:01pm
Opened a short on Gold M5.
Price had formed a triple top
Divergence with stoch?
I'm aware that there is a support level 8 pips below, so will keep an eye on PA, ready to exit if necessary
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Please Do Not PM Me With Coding Enquiries
  • #7,574
  • Nov 20, 2012 12:07am Nov 20, 2012 12:07am
Quoting Gumrai
Opened a short on Gold M5.
Price had formed a triple top
Divergence with stoch?
I'm aware that there is a support level 8 pips below, so will keep an eye on PA, ready to exit if necessary
Exited with minus 7 points with the opposite Genesis signal. Didn't take the long though, because the high has proved to be strong resistance.

I've been practicing on the Gold M5 charts, not using too much discretion for entries, but getting out quickly.
Been getting a lot of small losses like this, which ain't at all bad given the 5 point spread.
But, even though I am getting more losers than winners, the winners are so much higher than the losers and so it is working out well.
Mind you, I have work still to do on my exits. Had a 70 point runner last week that I only harvested a measly 11 points!
Attached Image (click to enlarge)
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Please Do Not PM Me With Coding Enquiries
  • #7,575
  • Nov 20, 2012 12:38am Nov 20, 2012 12:38am
Another ecofin meeting ... and prices a little jumpy to start off again
  • #7,576
  • Nov 20, 2012 12:47am Nov 20, 2012 12:47am
Quoting RainyDay1
Another ecofin meeting ... and prices a little jumpy to start off again
Yeah.....pain in the ass....all these meetings and nothing gets resolved.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,577
  • Nov 20, 2012 1:44am Nov 20, 2012 1:44am
Quoting realjumper
Yeah.....pain in the ass....all these meetings and nothing gets resolved.
Just a question ... where has ohammond been lately? Haven't see her around at all for a while
  • #7,578
  • Nov 20, 2012 1:51am Nov 20, 2012 1:51am
Quoting RainyDay1
Just a question ... where has ohammond been lately? Haven't see her around at all for a while
I don't know where she is. I have tried to contact her but she hasn't responded.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,579
  • Nov 20, 2012 2:53am Nov 20, 2012 2:53am
Hi RJ,

Do you make use of the Dollor Index to help you decide on what way the market will be going for other USD pairs.
  • #7,580
  • Edited 3:37am Nov 20, 2012 2:55am | Edited 3:37am
Quoting Gumrai
Exited with minus 7 points with the opposite Genesis signal. Didn't take the long though, because the high has proved to be strong resistance.

I've been practicing on the Gold M5 charts, not using too much discretion for entries, but getting out quickly.
Been getting a lot of small losses like this, which ain't at all bad given the 5 point spread.
But, even though I am getting more losers than winners, the winners are so much higher than the losers and so it is working out well.
Mind you, I have work still to do on my exits. Had a 70 point runner...
In the same way that you have the M15 MTF Arrow on your chart, you should have the M15 MTF Stochastic too (even more so in my view - yellow line on the stochastic chart) when trading the M5 chart for HPT. I like the M15 Stox to have gone into OB/OS territory first before I enter a trade. If you search for 'territory' (it seems to have become my catchword lol) in this thread it will return plenty of my posts on the subject.
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