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Genesis Matrix Trading

  • #9,581
  • Feb 17, 2013 1:21pm Feb 17, 2013 1:21pm
Quoting moneydeep
After 3 years of running around trying to find find/build a good system I finally did but my problem is subjectivity therefore after heeding some valuable advice I have decided on learning to trade without emotions and subjectivity. After browsing various threads I settled on this one because it seems to approach the marketplace with a very objective view.

I'm going through the material provided and I am also a firm believer in price action. So through the objectivity of this system and price action knowlede I have acquired I will try to learn...
Hi moneydeep welcome on board.
I don't know your trading skills and unless you have already a good trading experience my first advise is testing the system in demo untill you have achieved the confidence in it.
Ciao
Wiz
You control how you trade; the market controls how and when you'll get paid
  • #9,582
  • Feb 17, 2013 1:31pm Feb 17, 2013 1:31pm
i don't know why i get confused , like currency maps etc
these things really making confusion for my self !

Can Wiz or Rj tell me which their main instrument for the trading
  • #9,583
  • Feb 17, 2013 1:50pm Feb 17, 2013 1:50pm
I have two trades on friday. It was a lot pips to earn but at the end of a day a had a loss.
1st closed with little profit.
2nd stopped on SL just below pivot line. I should put SL below last swing low but then SL would be very expensive (about 50 pips).
I become hasitate and a little unsure to take third oportunity. At the end i decited to not enter that trade


Anyway, last week i had 12 trades, 10 wins and 2 losses, largest lost was 25 pips.
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  • #9,584
  • Feb 17, 2013 2:22pm Feb 17, 2013 2:22pm
Quoting waheedpcc
i don't know why i get confused , like currency maps etc
these things really making confusion for my self !

Can Wiz or Rj tell me which their main instrument for the trading
Sorry I don't understand your question.
You control how you trade; the market controls how and when you'll get paid
  • #9,585
  • Feb 17, 2013 4:53pm Feb 17, 2013 4:53pm
Quoting waheedpcc
i don't know why i get confused , like currency maps etc
these things really making confusion for my self !

Can Wiz or Rj tell me which their main instrument for the trading
If you mean the currency pairs traded, I watch EU, GU, AU, NU, UJ, EJ, GJ, CJ.....but I don't trade them all at the same time!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,586
  • Feb 17, 2013 4:55pm Feb 17, 2013 4:55pm
Quoting iwan73
I have two trades on friday. It was a lot pips to earn but at the end of a day a had a loss.
1st closed with little profit.
2nd stopped on SL just below pivot line. I should put SL below last swing low but then SL would be very expensive (about 50 pips).
I become hasitate and a little unsure to take third oportunity. At the end i decited to not enter that trade


Anyway, last week i had 12 trades, 10 wins and 2 losses, largest lost was 25 pips.
Sometimes if the SL is too expensive I skip the trade completely. There will be another chance later
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,587
  • Feb 17, 2013 6:40pm Feb 17, 2013 6:40pm
Dear Genesis Team and Everyone,

My learning curve (nearly a year by now) has been a rather meandering route: books (J. Murphy, dr. A. Elder, L. Williams, B. Volman, J. D. Schwager, M. Link – thank you RJ), a couple of price action courses (A. Brooks, N. Fuller), babypips, forums, youtube videos etc. - all that still being slowly digested and sinking in. I have been a silent lurker on many forums, but it is here, in this thread, that I feel I have finally found something unique. It is not only the system (pure genius in itself). It is the heart, the soul and the mind of the creators of the system so selflessly shared, that make this thread so compelling. I have read every page, starting in late December, demo trading with Genesis at the same time. I have learned more in the last two months here than from all the books and courses combined (although they surely gave me some foundations to build on). Now, I think it's time to start participating and to become part of this fascinating group of traders. If there is any room left for another newbie, that is.

I want to express my deepest gratitude and respect to the creators of this system:

RJ - an endless thank you for sharing your knowledge and experience with aspiring traders, for keeping this thread open to all despite the annoyance some of us cause(d) by being ignorant; thank you for keeping the thread as perfectly managed as it has been from post #1. Your input is priceless, your effort much appreciated, your words of wisdom are diligently noted and studied by yet another humble student.

Xaphod and Cody – thank you for everything you've done to bring this system to life with your genius coding.

To other key Genesis Team members (past and present): Olivia (Ohammond), Yelena (a.k.a. Minako), Oli and Wiz3003 – thank you for your insights and comments; each of you has presented and taught a slightly different way of trading the system, all equally inspiring and mind opening

Additional thank you to: Martyfish, Thoughts, lastingwell and mazprofx – learning a lot from you too and always reading your posts with interest;
and last, but not least – Jamz – I like your sense of humor and your self-distance; good luck with fighting your demons – patience it still my weak point too..

My trading skills and experience are still in infancy, but my win/loss ratio with Genesis has been quite promising for the past two weeks of trading, so I strongly believe that being consistently profitable is just a matter of time and practice, taming my own demons and being patient and selective enough about the trades. HPT, HPT, HPT only!

Closing this (lenghty) post with some EU and EJ trades, for your kind verification. They are a bit outdated and the entries were probably not perfect, but I am quite happy about them as I was practising RJ's approach of crossing the stream (manual trailing), combined with partial profit taking at subsequent S/R levels (as recommended by Wiz3003). And it worked beautifully

All the best and a green week to everyone

Joanna (just call me Jo)

ps. please note, English is not my first language


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mind over matter
  • #9,588
  • Feb 17, 2013 9:54pm Feb 17, 2013 9:54pm
This Monday Tokyo session had a good trading oppotunity.... Missed it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,589
  • Feb 17, 2013 11:31pm Feb 17, 2013 11:31pm
Quoting iwan73
I have two trades on friday. It was a lot pips to earn but at the end of a day a had a loss.
1st closed with little profit.
2nd stopped on SL just below pivot line. I should put SL below last swing low but then SL would be very expensive (about 50 pips).
I become hasitate and a little unsure to take third oportunity. At the end i decited to not enter that trade


Anyway, last week i had 12 trades, 10 wins and 2 losses, largest lost was 25 pips.
I had the same loss on Friday and THEN noticed the Asian low Ive marked on your image could have kicked myself for not marking it like I usually do because I should have placed the stop under there. I did go into the next buy though because it then looked like an inverted head and shoulders so got the loss back and more but was still kicking myself
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  • #9,590
  • Feb 18, 2013 12:03am Feb 18, 2013 12:03am
Quoting kosmo
Dear Genesis Team and Everyone,

My learning curve (nearly a year by now) has been a rather meandering route: books (J. Murphy, dr. A. Elder, L. Williams, B. Volman, J. D. Schwager, M. Link – thank you RJ), a couple of price action courses (A. Brooks, N. Fuller), babypips, forums, youtube videos etc. - all that still being slowly digested and sinking in. I have been a silent lurker on many forums, but it is here, in this thread, that I feel I have finally found something unique. It is not only the system (pure genius in itself). It is the heart,...
Thanks for your post Jo....and welcome to the thread. Being selective about your trades is a great way to go.....many people feel this need to trade jut because they can, and the brokers generally love those people! To pick and choose the trades is the best way to go.....if you have (say) only 5 trades in a week, but 4 of them are winners.....then you're doing better than most.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,591
  • Feb 18, 2013 12:04am Feb 18, 2013 12:04am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
[quote=kosmo;6452727]Dear Genesis Team and Everyone,

My learning curve (nearly a year by now) has been a rather meandering route:................


Hi Jo and great to see you aboard the Genesis thread. All the best with you trading and maintain the optimism!
  • #9,592
  • Feb 18, 2013 12:45am Feb 18, 2013 12:45am
I had a quick question. do you guys sit and stare at every 5 minute candle close?
  • #9,593
  • Feb 18, 2013 12:48am Feb 18, 2013 12:48am
Quoting moneydeep
I had a quick question. do you guys sit and stare at every 5 minute candle close?
No
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,594
  • Feb 18, 2013 1:02am Feb 18, 2013 1:02am
Quoting moneydeep
I had a quick question. do you guys sit and stare at every 5 minute candle close?
money deep, welcome aboard !!

No I dont !!

With experience, you will start to see when PA is consolidating/stalling, this can take hours to unwind, where you can get away from the screens.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,595
  • Feb 18, 2013 1:34am Feb 18, 2013 1:34am
Its a shame the heiken ashi don't show where the candles close.
.... laughing all the way to the bank
  • #9,596
  • Feb 18, 2013 1:40am Feb 18, 2013 1:40am
Quoting itsallover
Its a shame the heiken ashi don't show where the candles close.
If you right click on your chart and go to properties, add a colour to the 'Bar Up' and 'Bar Down', you can still have the HA candles but you can see the open and close level of the candle
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,597
  • Feb 18, 2013 2:24am Feb 18, 2013 2:24am
Quoting realjumper
If you right click on your chart and go to properties, add a colour to the 'Bar Up' and 'Bar Down', you can still have the HA candles but you can see the open and close level of the candle
I'll give it a go- thanx
.... laughing all the way to the bank
  • #9,598
  • Feb 18, 2013 2:39am Feb 18, 2013 2:39am
Thank you Jo for your words and welcome.
Enjoy your journey.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #9,599
  • Feb 18, 2013 2:41am Feb 18, 2013 2:41am
Quoting realjumper
Thanks for your post Jo....and welcome to the thread. Being selective about your trades is a great way to go.....many people feel this need to trade jut because they can, and the brokers generally love those people! To pick and choose the trades is the best way to go.....if you have (say) only 5 trades in a week, but 4 of them are winners.....then you're doing better than most.

Thanks RJ It's still a long way for me to be as selective as I should, but at least I've got the theory right
mind over matter
  • #9,600
  • Feb 18, 2013 2:46am Feb 18, 2013 2:46am
Quoting itsallover
I'll give it a go- thanx
An additional modification could be to hide the HA wicks. Have a look at the pics.

ciao

wiz
Attached Images
You control how you trade; the market controls how and when you'll get paid
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