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Genesis Matrix Trading

  • #9,421
  • Feb 13, 2013 2:40am Feb 13, 2013 2:40am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
While I'm babysitting this cable trade,
I'm still hanging in there too...I think it may be one of my trading faults...maybe it will pay off tonight. Can it hang on till news from the BOE in a couple of hours????
  • #9,422
  • Feb 13, 2013 2:44am Feb 13, 2013 2:44am
Thanks RJ and Marty. I keep learning Genesis. I will be delighted if it will be possible to achive my daily target day by day, week by week, month by month.
  • #9,423
  • Feb 13, 2013 2:46am Feb 13, 2013 2:46am
Quoting Jamz
I'm still hanging in there too...I think it may be one of my trading faults...maybe it will pay off tonight. Can it hang on till news from the BOE in a couple of hours????
We shall see Jamz. I would have liked this to behave in the normal cable way, and we would be all done and dusted, one way or another, by now. But it's not to be. If it lasts until the news, we will have to decide then whether to take it off the table in case it takes off north and we suffer a bit of SL slippage, or leave it alone. The technicals on H1 suggest that we are ready to go south, but you know how yappin suits can spoil a good party!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,424
  • Feb 13, 2013 2:48am Feb 13, 2013 2:48am
Quoting iwan73
Thanks RJ and Marty. I keep learning Genesis. I will be delighted if it will be possible to achive my daily target day by day, week by week, month by month.
You will always have the odd bad day, but not many of them. And the extra good days will probably offset the bad days in the end. You're doing very well.....just keep chipping away at it and you'll be fine
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,425
  • Feb 13, 2013 2:52am Feb 13, 2013 2:52am
Quoting iwan73
Thanks RJ and Marty. I keep learning Genesis. I will be delighted if it will be possible to achive my daily target day by day, week by week, month by month.
Keep making trades like that and you stand a good chance.

The test will come when you have a few bad days (they will come), and how you react to the dent in confidence
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,426
  • Feb 13, 2013 3:14am Feb 13, 2013 3:14am
Hi!

RJ ,

I think the system plays an important role in showing you the right possible statistics of the market and this doesn't means that it will be right 100% every time.

So, you should not take every signal as a sureshot 100% profitable Entry every time it depends on lots of things such as volatility, s/r points, statistics on different or higher timeframe etc.

Beside, the System every trader should plan their entry and try to minimize the risk as soon as it is possible.

Though 70% of times the Genesis System is accurate and sometimes it fails due price consolidation or market uncertainty and to be safe from this you should plan your trade and trade with discipline.

So, I believe that to be successful you not only need a good system but also need the right skills to make most of the system. And, this is what most of the traders fails to do and they starts blaming the system.


So, I would request RJ, to write some trading tips regarding planning your trades, money management and how to make your trade safe and put in post #1 so this will show the traders, the right approach or right path , how one should trade with this system and make it work for you.


Thanks,


mazprofx.:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
  • #9,427
  • Feb 13, 2013 3:21am Feb 13, 2013 3:21am
Quoting mazprofx
Hi!

RJ ,

I think the system plays an important role in showing you the right possible statistics of the market and this doesn't means that it will be right 100% every time.

So, you should not take every signal as a sureshot 100% profitable Entry every time it depends on lots of things such as volatility, s/r points, statistics on different or higher timeframe etc.

Beside, the System every trader should plan their entry and try to minimize the risk as soon as it is possible.

Though 70% of times the Genesis System is accurate and sometimes...
You're quite right in what you say although I'm not sure about the 70% statistic. Anyway, what you are saying, essentially, is that a trader must apply is own discretion when using the system.....and you are completely correct. There hasn't been a system developed that does not require user discretion to some degree.

I really don't have the time, or the inclination to open a can of worms to add what you want to Post #1. It does say in Post#1 that this isn't a system for newbies and I have provided a link to babypips school of learning, which is an extremely good resource.

I have done a lot here, along with the team.....I'm not going to spend considerable time teaching people the basics of trading. Babypips is there for that reason
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,428
  • Feb 13, 2013 3:28am Feb 13, 2013 3:28am
Quoting realjumper
You're quite right in what you say although I'm not sure about the 70% statistic. Anyway, what you are saying, essentially, is that a trader must apply is own discretion when using the system.....and you are completely correct. There hasn't been a system developed that does not require user discretion to some degree.

I really don't have the time, or the inclination to open a can of worms to add what you want to Post #1. It does say in Post#1 that this isn't a system for newbies and I have provided a link to babypips school of learning, which is...
I am not telling you to teach basic to the members of this forum but the right money management techniques and your trading style with this system as you are the most oldest member of your system and you can show the right trading style to use this system.

And, this is not for me but for the most of the traders who are facing the problem to execute a system correctly.


mazprofx.:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
  • #9,429
  • Feb 13, 2013 3:33am Feb 13, 2013 3:33am
Quoting realjumper
You're quite right in what you say although I'm not sure about the 70% statistic. Anyway, what you are saying, essentially, is that a trader must apply is own discretion when using the system.....and you are completely correct. There hasn't been a system developed that does not require user discretion to some degree.

I really don't have the time, or the inclination to open a can of worms to add what you want to Post #1. It does say in Post#1 that this isn't a system for newbies and I have provided a link to babypips school of learning, which is...
I agree with RJ. He has done so much already . The onus is now on newbies to educate themselves on basics and not expect to be spoon fed. Why, I graduated from Babypips the other day with first class honours
.... laughing all the way to the bank
  • #9,430
  • Feb 13, 2013 3:38am Feb 13, 2013 3:38am
Quoting itsallover
I agree with RJ. He has done so much already . The onus is now on newbies to educate themselves on basics and not expect to be spoon fed. Why, I graduated from Babypips the other day with first class honours
Thank you Kelly.

And congratulations on your graduation.....name the restaurant and the time
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,431
  • Feb 13, 2013 3:40am Feb 13, 2013 3:40am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Mazprofx, there is ten tons of info in the number 1 post, I even go back now and then and check it out, it is better than babypips..... Seriously it is great to read through some of it over again.
  • #9,432
  • Feb 13, 2013 3:42am Feb 13, 2013 3:42am
Quoting realjumper
Thank you Kelly.

And congratulations on your graduation.....name the restaurant and the time
Throw in a prada bag and I'll book the concorde tickets
.... laughing all the way to the bank
  • #9,433
  • Feb 13, 2013 3:44am Feb 13, 2013 3:44am
Quoting mazprofx
I am not telling you to teach basic to the members of this forum but the right money management techniques and your trading style with this system as you are the most oldest member of your system and you can show the right trading style to use this system.

And, this is not for me but for the most of the traders who are facing the problem to execute a system correctly.


mazprofx.:nerd:
I appreciate what you're saying maz....but the reality is we each have our own trading style. As you can see, many people here are profitable but our styles are different. It's a personal thing. As far as money management goes, that is probably the one the very first things a newbie should learn, because without that, he will never survive. There are a great number of resources available that teach money management, and once a trader has got that in hand, he can customise it to suit his style. My MM suits me....because I know my tolerance for pain.....I know the risk that I am personally will to take.....I know the size of my account, and many other factors, all of which make up my personalized MM tecnique.

There is lots of info online about MM, some sites are very comprehensive.....far more than I ever could be. All the user has to do let his fingers do the walking!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,434
  • Feb 13, 2013 3:45am Feb 13, 2013 3:45am
Quoting itsallover
Throw in a prada bag and I'll book the concorde tickets
Deal!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,435
  • Feb 13, 2013 3:57am Feb 13, 2013 3:57am
EC industrial production data out at 10

Also apparently SNB making a press announcement re cooling housing market

BEWARE !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,436
  • Feb 13, 2013 3:59am Feb 13, 2013 3:59am
Quoting itsallover
I graduated from Babypips the other day with first class honours
Congrats !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,437
  • Feb 13, 2013 4:01am Feb 13, 2013 4:01am
SNB increasing capital buffers on Swiss banks for Mortgages
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,438
  • Feb 13, 2013 4:02am Feb 13, 2013 4:02am
Quoting Martyfish
EC industrial production data out at 10

Also apparently SNB making a press announcement re cooling housing market

BEWARE !!
Thanks.....are the Swiss banks going to stop lending money (for houses) I wonder
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,439
  • Feb 13, 2013 4:10am Feb 13, 2013 4:10am
Quoting Martyfish
Congrats !!
Yes..... but that hasn't translated into consistent profitable trades yet.... so you may want to hold fire a bit lol
.... laughing all the way to the bank
  • #9,440
  • Feb 13, 2013 4:18am Feb 13, 2013 4:18am
Quoting itsallover
Yes..... but that hasn't translated into consistent profitable trades yet.... so you may want to hold fire a bit lol

Yes, but you are taking all the rights steps !!

I spent far too long educating myself, but it is paying dividends now.

I guess that came from my previous professional backround
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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