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Genesis Matrix Trading

  • #9,121
  • Feb 3, 2013 1:56pm Feb 3, 2013 1:56pm
anyone trading this system have any live statements saved while making pips with this system ?
  • #9,122
  • Feb 3, 2013 2:28pm Feb 3, 2013 2:28pm
Quoting Zokynho
Wooow,this was a hell of a ride.....

After 2 weeks of reading whole thread I must say that I am impressed with generosity of RJ and team.

We all need to be happy to be here and learn from such a wise man and his company.

I want a be part of this method and team too.

RJ i like your attitude,you are harsh but also really fair and that the way to go if you want to be succesfull in this hard bussiness,i like it very much.I can't understand some people who don't even read first post and complain.I read many many threads and try many methods but i...
Welcome to the thread, I hope you enjoy and more importantly, make money

Thank you for the file.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,123
  • Feb 3, 2013 2:34pm Feb 3, 2013 2:34pm
Quoting wiz3003
TYPICAL EXAMPLE of EXIT MISTAKE

In the picture you can find a trade I took 3 days ago (01/29) on EJ with the goal to ride this beatifull trend.

In the small window a zoom of the M5 entry point.
I was a little late to pull the trigger because:
1. I was more focused on EU where I was in with more money
2. I wanted wait for a break of the previous LL (blue line)

My TP1 was the last daily high @ 123 with a RR = 1:3

After the breakout of the previous day close and DP I moved my SL to BE+1 and the day after I moved it below...
Nice analysis wiz......for what it's worth, on decent runs like the one you documented I try to manually trail my SL until eventually I will get knocked out in profit. I know that's not the scientific way to do it, but when I can't find a reason to exit, like s/r, round number etc, that's what I do. Also I tend to scale in a another one or two trades so I try and glean as much from the run as possible.

As we've discussed before, the exits are always harder than the entry, and I don't believe there is a perfect way to do it. Some set a target and they exit at their target regardless of everything.....and that's ok. Others have other methods. I don't know f there's a right or wrong way, as Kely says, when you have a decent profit, there's nothing wrong with exiting and pocketing your pips
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,124
  • Feb 3, 2013 2:37pm Feb 3, 2013 2:37pm
Quoting allisonmagic
anyone trading this system have any live statements saved while making pips with this system ?
The only way to know if the system will work for you is to read the thread and test the system for yourself. What works for one may not work for another. Looking at someones account statement is not very helpful in assessing whether a system will work for you or not.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,125
  • Feb 3, 2013 3:26pm Feb 3, 2013 3:26pm
Quoting realjumper
The only way to know if the system will work for you is to read the thread and test the system for yourself. What works for one may not work for another. Looking at someones account statement is not very helpful in assessing whether a system will work for you or not.
i understand completely.. doesn't work for everyone.. that's why i stopped using symphonie.. i just wanted to know if anyone is making pips consistently with this
  • #9,126
  • Feb 3, 2013 3:34pm Feb 3, 2013 3:34pm
Quoting allisonmagic
i understand completely.. doesn't work for everyone.. that's why i stopped using symphonie.. i just wanted to know if anyone is making pips consistently with this
It doesn't matter what anyone else is doing Allison....the only thing that matters is whether it works for you or not. Looking at someone else's statement won't tell you that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,127
  • Feb 3, 2013 3:34pm Feb 3, 2013 3:34pm
Quoting allisonmagic
. i just wanted to know if anyone is making pips consistently with this
yesss


@ RJ - Good Morning Honeyyyyyyyyyyy
  • #9,128
  • Feb 3, 2013 3:36pm Feb 3, 2013 3:36pm
Quoting Fame of me
yesss

wicked
  • #9,129
  • Feb 3, 2013 3:43pm Feb 3, 2013 3:43pm
Quoting wiz3003
TYPICAL EXAMPLE of EXIT MISTAKE

In the picture you can find a trade I took 3 days ago (01/29) on EJ with the goal to ride this beatifull trend.

In the small window a zoom of the M5 entry point.
I was a little late to pull the trigger because:
1. I was more focused on EU where I was in with more money
2. I wanted wait for a break of the previous LL (blue line)

My TP1 was the last daily high @ 123 with a RR = 1:3

After the breakout of the previous day close and DP I moved my SL to BE+1 and the day after I moved...
WOW wiz, what for a great trade.
congrats.

Every exit is hard. And i think for "newbies" in this thread is the best to use a hard tp. Thats what i did.
But your exit wiz, was awesome, soooo much pips with one trade. great!!!!
  • #9,130
  • Feb 3, 2013 3:44pm Feb 3, 2013 3:44pm
Quoting Fame of me
yesss

Me 2 Yessss
  • #9,131
  • Feb 3, 2013 3:50pm Feb 3, 2013 3:50pm
Quoting realjumper
Nice analysis wiz......for what it's worth, on decent runs like the one you documented I try to manually trail my SL until eventually I will get knocked out in profit. I know that's not the scientific way to do it, but when I can't find a reason to exit, like s/r, round number etc, that's what I do. Also I tend to scale in a another one or two trades so I try and glean as much from the run as possible.

As we've discussed before, the exits are always harder than the entry, and I don't believe there is a perfect way to do it. Some set a target...
You are right RJ,
I still need to wotk on my trade management ... scale in with proper MM is something I need to investigate better.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #9,132
  • Feb 3, 2013 3:52pm Feb 3, 2013 3:52pm
Quoting Fame of me
WOW wiz, what for a great trade.
congrats.

Every exit is hard. And i think for "newbies" in this thread is the best to you a hard tp. Thats what i did.
But your exit wiz, was awesome, soooo much pips with one trade. great!!!!
Thank you Fame,
Jannuary has been a good month for me. Let's go to see if I can replicate this month

green pips to everyone

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #9,133
  • Feb 3, 2013 9:27pm Feb 3, 2013 9:27pm
I don't normally trade this time of day, but we are getting rained on for the first time in about 3 weeks, so here I am at the desk~

The SL is very cheap on this trade.....and it IS midway between sessions, but the SL is cheap so we shall see
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 160 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,134
  • Feb 4, 2013 1:37am Feb 4, 2013 1:37am
Quoting realjumper
I don't normally trade this time of day, but we are getting rained on for the first time in about 3 weeks, so here I am at the desk~

The SL is very cheap on this trade.....and it IS midway between sessions, but the SL is cheap so we shall see
Frankie knocked that one over..... -12.

Now I'll wait and see what London has available
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,135
  • Feb 4, 2013 1:57am Feb 4, 2013 1:57am
RJ can you please comment this one.why you wouldn't enter here?

thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: picture.gif Size: 42 KB
  • #9,136
  • Feb 4, 2013 1:58am Feb 4, 2013 1:58am
Quoting Zokynho
RJ can you please comment this one.why you wouldn't enter here?

thanks in advance

lol
  • #9,137
  • Feb 4, 2013 2:10am Feb 4, 2013 2:10am
Quoting Zokynho
RJ can you please comment this one.why you wouldn't enter here?

thanks in advance
You could have entered there,but it's a bit risk because:

1. Frankfurt hour can be a bit erratic in the way it behaves
2. Both stochastics are pretty high
3. Major news event coming from Spain at London open
4. Against the short term trend.

So when I weigh up all those factors, the trade is not a high probability trade, so I would rather wait for a better set up.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,138
  • Feb 4, 2013 2:10am Feb 4, 2013 2:10am
Quoting allisonmagic
lol
If you can't say anything helpful....best to say nothing at all.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,139
  • Feb 4, 2013 2:14am Feb 4, 2013 2:14am
Quoting allisonmagic
lol
So why you are here?
Just to make silly comments?
Sorry, but we dont need it.
  • #9,140
  • Feb 4, 2013 2:17am Feb 4, 2013 2:17am
Thanks for comments RJ
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