Genesis Matrix Trading

Entry was 3389

There has been some great trading going on here today...very good to see and well done

Now it's that time again.....so I'm off to sleep, and in about 45 minutes, things should liven up for you...lol

Thank you, RJ. That was at monthly pivot...

If I recall correctly realjumper doesnt have the monthly or weekly pivots on his chart but as the H1 had already closed below it once and was coming back for another try its certainly one I would have taken if Id been watching it.

HI!

RJ and other members,


I have started my serious trading career from today and the only main income for my all expenses, with Genesis System after 3 months of testing and demo trading.

This is my first day of live trading.

Scalping on M5 on EUR/JPY.

Trading from US open, after the half session of London is over.

And, so far everything seems to be fine.


mazprofx.:nerd:


http://pictat.com/i/2013/2/14/22971today.png

Following yesterday RJ's post here the dayafter ... NU is close to an important level, whatever the direction will be something to bear in mind.

ciao

wiz

Wooooow. Trading 10 lots is very serious indeed.

Looking at the pips gained along with the money gained it looks like 10 mini lots rather than full lots, in other words, $10 per pip. Still some excellent money made there today

But the economy is doing so well.....what about job losses? I can hear the farmers moaning in the milking sheds, I mean office.
10:45am NZD
Retail Sales q/q
2.1% 1.3% -0.2%

As lastingwell said, I don't pay any regard to monthly pivots. Also bear in mind that I am trading off the M15 charts this week, which I've mentioned a couple of times, so the entries may not always line up with M5 entries.

I hear the farmers moaning from the cabs of their air conditioned 2012 tractors......or is that the CD player I can hear? Hard to tell because they are too close to their swimming pools next to the tennis courts!!

Thank you for your feedback. By the way do you see any advantage in trading M15 against M5? Just curious...

Cheers
Justin

It's a bit early to say yet....I might need to continue for another 2 or 3 weeks. Early results are that it is easier to stay in a long run and scale in several more trades than it is in M5, but M5 gives more opportunities in consolidating markets. It may well work out to be more or less the same profit wise, but we shall see.

? of course, and when do the kids go back to boarding school???

I know it's Friday and there is still the one days trading yet to happen, however, I thought I would share some thoughts.
Prior to discovering Genesis, I was playing the Forex market with hits and misses and being honest the misses out-weighted the hits

I know I lurked more than anything for a period, putting in the hours to learn this system and how it would work for me.
I suppose one of the biggest issues I have had as a trader is the moment when it all goes on tilt, and one becomes irrational

I know I still suffered from bouts of over zealousness whilst using Genesis as my main weapon of attack.
Gaining control of ones actions have been hard and banishing the thought that I have to enter a trade well after the optimum entry signal has been thought provoking and really tough. I'm sure you understand when you see the market has moved without you, and you get excited and see trades that never really exist

However, I have been rigid with these processes, especially the past 4 weeks where I feel I have been able to keep a lid on my mindset. (Not always easy)

What's this all about?

I want to express my sincerest thanks to RJ and everyone who has and does contribute within this thread and for the creation of a truly solid system (that works)

What has been truly remarkable has been the consistency, I have been able to achieve as a result of this system combined with a good mindset. For the first time, I have achieved a profit each week, for 4 weeks in a row. (maybe the markets have been easy)
In the past 4 weeks, I have traded on 16 of the 19 days (1 to come) and can report only "2" losing days. Mind you one day I had a 1 pip profit and another of 5. I also recorded my biggest ever days profit in among these

Have I gone off early announcing this with one day left for the week? Let's just say, if I give up this weeks profit, today, I'm giving the game away.
So RJ, well done

Thank you very much for your kind words.....it is much appreciated.

A lot of work has gone into this system by a lot of people, and we are still looking at ways to make things even easier. As with everything else we do, we do extensive tsting for long periods before we bring it to you. Most things don't work over the long term, or they do work, but offer no improvement. But rest assured, we are always working on improvements.

You are exactly right....getting a handle on ones emotions is difficult, and to some extent, it is a constant battle. There is a trader who taught me a lot, you see him at FF occasionally and his nick is 'Atlast.' He is incredible with his Andrews Pitchfork trading, but it doesn't suit me. He introduced me to the book you see on my profile, and he also gave me a gem of an analogy that I have never forgotten. With regard to seeing moves going without you, he would say: 'The train has left the station. It *is* possible to run and try to catch the train and jump on board.....but....the risks of getting on a moving train are just too great and the risk of getting hurt are too real. Why chase the train? Another train will be along later, catch the next train. Don't be silly and get yourself hurt.'

I have never forgotten that piece of advice and at times, like last evening, I missed the train (EU) as it left the station at Frankie...but the train called into the S1 station and then backed up to pick up passengers, so I jumped on it there. It then ran on to the S2 station and stopped there to pick up more passengers, so I bought another ticket and we hopped off the train at the S3 station without getting hurt at all.

So that's how I think of things.....if I miss the train, I don't run after it.....it's gone without me. Never mind, another one will be along later, and I'll catch that one

With Genesis, the signals very much fit the 'train and station' analogy, and I view it in that way....it helps to keep my emotions in check.

If we can add pips most days, it doesn't matter whether it's 10 pips or 100pips, if we can end each day slightly ahead of where we started, we are going along perfectly. Of course there are some losing days, but not many. There are days when I don't enter a single trade....and I lose nothing. The important yardstick for me personally is at the end of the month.....have I made a profit this month? The answer is Yes, I have.....every month. Some better than others but always a profit. I get losing days, but not losing weeks or months.

So all we have to do is keep chipping away at it and try to achieve consistency. In a way it's like motorcycle racing (which I have done a bit of).....too many people go to a new track and go crazy in practice until they crash before the races actually start. The clever ones go around the new circuit slowly, learning the lines and the breaking markers, learning where the rough patches are, learning where the best overtaking places are etc. Adding speed is easy......just turn the throttle! Those guys are the winners. It's the same with trading......getting consistent is the most important thing.....we can add longer trades once we have the consistent entries sorted out.....we can add larger lot sizes (within reason) at the click of a mouse.

Consistency is the key....the rest is easy

Some great analogies amongst those words, RJ

Excellent

Good way to start this morning trading session with some good pips and profits........



http://pictat.com/i/2013/2/15/47814t2.png

'The train has left the station. It *is* possible to run and try to catch the train and jump on board.....but....the risks of getting on a moving train are just too great and the risk of getting hurt are too real. Why chase the train? Another train will be along later, catch the next train. Don't be silly and get yourself hurt.'

In a way it's like motorcycle racing (which I have done a bit of).....too many people go to a new track and go crazy in practice until they crash before the races actually start. The clever ones go around the new circuit slowly, learning the lines and the breaking markers, learning where the rough patches are, learning where the best overtaking places are etc. Adding speed is easy......just turn the throttle! Those guys are the winners.

Hi RJ,

Loved your post specially the above lines.

Don't envy farmers... I've been one, and I can tell you that farming is a true boom - bust - boom occupation.

Once went from one year shooting 10,000 sheep and bulldozing them into the ground, then just a few years later getting record prices for wool.

As for air-conditioned cabs on tractors... you've obviously never operated a tractor for 12 hours a day in 110°F on a fine summers day... or for days and weeks at a time, with the dust following you around the paddock... when you blow your nose and all you get is slimy mud instead of nice clear salty snot.

I have nephews who are multi millionaires from farming, but at night they are learning to trade forex, because they are sick to death of working over 80 hours a week for the last 36 years.