Genesis Matrix Trading

Nice trade, I'm in there myself !!

Plus a boring GU trade which is just in profit

I don't know if it's something in the water at the moment, but it seems that everyone on FF wants to see either 'live trades' or a Trade Explorer or else those people think that we are all liars. In fact anyone who makes a profit *without* first showing their trade live or using a Trade Explorer *MUST* be a liar.

The question of live trades has been asked and answered already. In fact it used to be on Post #1, and I'm going to put it back there!

Lastingwell has hit the nail on the head.......and I have said the same thing myself countless times. When I enter a trade I will not post here, answer emails, answer Skype messages, answer the phone, go to the toilet or anything else. My only interest is to manage my trade. When I have the SL safely in profit I may post my entry....and sometimes I do. As the trade develops, I may post an update, and I may not. I may be looking for another trade.....I may have entered another trade and am watching it because it is not safe yet. I may be looking at a possible exit for my first trade......there are a million reasons why it is just not possible to post live trades all the time.

Further, I don't want to see people following each other.....and make no mistake, they will. Whether it is intended or not, people will see it and use it as a signal service. Why?....because trading is not easy, it is difficult and humans are inherently lazy.....if people can see an easy way to make a dollar, they will take it.

Also, to help a friend, and he is a lurker here at FF and will verify this for those who don't believe (although I'm sure there are one or two forum surfing lurkers out there who won't believe, and I couldn't care less), I made a live trade, pip by pip last night on the GU short that I took.......yes, the one that I posted here once it was all over. So, I took GU because the signal was good, he took EU because the signal was good. In my experience, the GU trade was a much higher probability trade due to many reasons, and the GU trade paid +52 st S1, which is where I exited. My friend had exited at +2, just before it would have turned negative.

Both the above trades met the criteria for an entry, but one was a better option in my opinion......and there are many reasons for this. If I were doing this live here on the forum I would a) get bombarded with posts asking me why GU was better that EU, and b) people who took EU and didn't exit at BE would be crying to me that the entry was good (which it was), so the system must suck!!

Every system 'out there' bar none, requires discretion to some degree. Otherwise and EA of Genesis would be made and we would all be very rich people!! Te experience I have gained over thousands of hours of chart watching, trading, losing, winning, testing, demoing etc etc has taught me well. It taught me that my live trade yesterday was more likely to work out than my friends. And so it was.

Experience and discretion cannot be built into a system, and it cannot be taught.......and by posting live trades all the time, people will not gain that experience and will forever be dependent on someone else.

Finally, this system has been well designed and completely tested under all conditions. The template that I use and the indicators are all available on Post #1. Xaphod has created a thread specifically to create and maintain indicators for Genesis, and we are extremely lucky, and grateful for him sharing his talents with us. Support is given to users of the system and that support comes very quickly, within 24 hours at least. All of this is given for free......is it really too much to ask the people to walk the last mile on their own? Do I (and others) have to hold their hands and spoon feed them as well?

Even if we post live trades, and even if we use a Trade Explorer, people will still lose. Why? Because we are all different. This system just doesn't suit some people. Some people expect the system to be like an EA....as long as the entry rules are met then the system MUST make a profit. Sadly that's not the way it works and those people will never make it as traders, no matter the system.....people have to apply their own common sense and discretion to this, and any other system.

So, to wrap it up before my coffee goes cold, I will, and do, post live trades from time to time. I always have done so, even in other threads before we created this one. The live trades will come from me, when it suits me, and not when it suits anyone else. I need to make money to put food on the table and I won't be distracted from doing that, for anyone.

Be grateful for what you receive, for free, as a result of others hard work and experience. Appreciate the support you are getting , and treasure the occasional 'live trade'. But most of all, test, test, test the system for yourself. You will not get the experience any other way.

RJ

RJ,

Well said, for the umpteenth time !
I suggest that you make a copy of such a post and just randomly post it at times
for fun (or perhaps you have a copy already.)

I am just disappointed, even as a forex noob (but with some real world experience by now),
that folks just cannot stop asking for more, even though this thread has been one of the very best
and is completely free and welcoming to all. Maybe they should spend their own time and money
buying into that commercial snake oil going for thousands of dollars and much more in terms of
blowing your account in no time.

Athar.

Cheers RJ, for no better reason I was in the "wrong" trade to and stopped out at BE so my first job this morning was to check out what were the differences from GBP to EURO and as well, check out the EJ to see why that trade was obvious to some. I remember the EURUSD "looking perfect" for a big downer which didn't eventuate. I can't say it looks obvious other than the GBP was in a smoother state, or less chop, whatever but its steady decline may have been a clue. The stochastic may have suggested before the trade setup that sentiment was down too. It is very interesting to try and understand that I may not be seeing something others pick up on and I'm determined to catch on!

Yes, even if you posted live trades we will all treat them differently, trade out too soon, wait too long to enter, bet the bank and loose and guess whose fault that will be???

I didn't say that the GU trade was 'obvious', I said that "the GU trade was a much higher probability trade due to many reasons".

Lets have a look at some of the reasons.

* We know that for this year so far, the Euro has strengthened. Yes, Draghi may wish it was lower and is trying to make that happen by flappin his gums, but the market is bigger than he is!

* We know that the EU Summit has just been, and is immediately followed by the Eurogroup meetings, so it's reasonable to assume that the market will eagerly await some concrete news before making any decisive moves. Yes, hedge funds and other institutes move the market, but the market was not likely (imo) to make a clear and decisive move while the meeting was going on.....especially in face of no other high impact news on the horizon.

* We know that Japan was on holiday, and they are sellers of Yen and buyers of EURO for the moment.

So much for the fundamental reasons, I'm sure there are others that I have missed. Lets look at the technical reasons:

The EU Chart.

You can see the shaded area and you can see how it is and area of strong support/resistance, and in the middle of that area it is kind of like the doldrums.....no direction at all. So in order for the PA to either bounce off and head north, or to take a dive right through this area, we are going to need some considerable power. As we know, last night there was no power for the fundamental reasons above. Also, the stoch wasn't even hinting at turning south, so a short working out for anything other than a small move was unlikely. If the stoch was right up the top and turning over, I would be watching for signals on our Genesis system...for certain!!

But all in all.....I didn't see much in the EU pair to get excited about.

On to the GU.

* Cameron is in a little spot of bother because Fitch and Moodies have both warned that unless the UK gets a grip on it's debt, they stand to lose their AAA rating. If that happens, the GBP will tank! Just the mention of it, and the lack of clear leadership to sort the problem out is affecting the GBP.

* UK is spending some 55 million pounds per day on supporting the EZ......much to the dismay of the EU opponents like Nigel Farage.

* UK unemployment is a big issue as well, with increasing immigration from Europe, thanks the the open borders of the EZ.

Now...the technical stuff.

The downtrend is pretty obvious isn't it? Certainly there are pull backs, there has to be....and on our Genesis system on the M5 (and perhaps the M15) these might be trade opportunities. But, the recent pullback has exhausted itself (see the yellow circle) and it was pretty obvious. Moreso when you see the stoch position. We can also see the shaded support area at the bottom, and that serves as a target. As an aside, I didn't let my GU trade run down that far because +52 was worth pocketing in such a thin market as yesterday. I could have (and should have) hung in there, but I didn't.....such is life.

So this is exactly what I was talking about in my post above. Genesis does not mention that we should have a basic understanding of the fundamentals. It does not mention using traditional candles and charts for long term searching for s/r and other patterns of interest and many more things. If I were to include everything, it would make Genesis look like and encyclopaedia and it would be boring and unprofitable. These are the things than come with experience and must be applied using our discretion.

HI Real,

Can you plese tell me how to tune this indicator. Its printing a wrong open for me.

I use Alpari.

Thanks.
KC.

Perhaps you could be a bit more specifc....and maybe include a chart/screenshot.

Would someone mind giving their thoughts on whether I could use the signals
generated by Genesis to trade a currency futures contract? I know the signals
are designed for MT on the forex cash market.

I would just like some thoughts on how similar the results are.

Thanks in advance.

Neal

Thanks Real...Found out...its ok now....the numbers in the input prameter for the Market open/close indicator is the HRS..Found out now.

Ty so much.
KC.

Thanks RJ, I see great value in your reply. I may have to upgrade my fundamentals from "some guy said something about the $" but I really like to see the workings of the markets so will enjoy it. Yes, Hieken Ashi is best on smaller timeframes I read somewhere and it is interesting times with these movements in currencies where correlations are being altered. Kiwi is being most resistant not even following Oz even with USD soaring. I will plan my studies for the immediate future without forming a bias in any direction. I'm sure there are numerous knowledgeable sites.
Cheers,
James

my active trade tp at S1

Great analysis RJ Thanx

It gives good signals on Gold if thats any help.

You're welcome Kelly

Here's my EJ trade. If it gets to R1 the first round of drinks is on me

Sorry Real. Will do it next time.
Thanks.

Make that S1 lol

Hi. I wanted to ask on what currency pairs to trade EUR/USD and .. ? help me please

Cable news in a few minutes......heads up!!

Rion, there are many pairs to choose from. Why not pick a JPY cross as another pair to watch. Pick from the world's largest economies to get momentum and maybe only watch a few until you become familiar with them - if that is ever possible!!!!

Happy Trading,
James.