Genesis Matrix Trading

I've been babysitting this GJ trade for ages......can't get the SL to BE yet, so I'm stuck with it.....lol. I guess with the last day of the month + ECB rate decision coming tomorrow + NFP this week, perhaps we are in a for quiet time today

All credits due to Cody_R :

Indeed

SL @ BE...at last!

Do you like GJ? It looks volitle and has high spread. I don't know why but I see many auto trading crabs in zulutrade use this pair.....

Yes it can be volatile, but at the moment the Yen is (mostly) weakening and is the prime mover....and just lately, since the GBP got a boost from the 0.3% GDP number, the GJ pair has given good results. Yes the spread is about 3 - 3.4, but that's not such a big deal when it's daily average is 150+. I would prefer EJ, but the GJ setup was better. The trade is closed now as S1 plus the round number 151.00 is proving too hard to crack right now, so I took the profit at +34.

Edit: And just after I close the trade, it breaks through.......

Thank you very much RJ for details, and congretulations on your profit!

RJ,

Your trading "life" history was a fascinating read.

Mine, was a far more tortuous route.

My entire previous career was centred around problem solving, fixing problems for companies I worked for.

So I thought it was just a matter of time before I created a trading system, and bang I was away.

Fortuitously I was able gradually wind down my consulting business while I studied/testing forex trading. As well as other ventures that were generating an income for me (and running down years of savings).

I was very lucky I had a huge exposure to the finance industry throughout my previous career, as well as risk management, in various guises.

But the problem was I wasted HUGE amounts of time; testing/evaluated systems, but I stubbornly soldiered on, with unwavering belief in my ability to "solve" this problem.

Even my coach, said to me, havent you done enough studying ??

But oh no, not me, and you may have determined by now, I have slightly compulsive tendencies.

I was making money, not a lot, but with a poor win/loss ratio which was really sapping for my confidence.

But I was chopping and changes indicators all the time.

But I was determined (actually I was obsessed about it) to build my own system.

Then while searching on another indicator (Gann HiLo indie), low and behold I found the Genesis Matrix system, and this obsessive guy (almost as bad as me), BUT ...

Obsessive in a completely different way, obsessive, in that his system does NOT, should NOT be changed ... Yes you guessed him RJ !!

Suddenly all that talk that was in my head about finding a system, trading it, not changing, WAS actually working for someone (in fact a group of traders) - MAYBE, just MAYBE, that was the way.

Finally I started trading, ONE system, not changing it, sure I kept trying to develop my other systems !!

Now what a change, waking up each morning knowing what to expect to see, never changing, week by week, month by month, sure I tweaked a few little bits, but very little, more what was displayed on my screen. As new indies were developed by the GMS team.

All of a sudden, this started helping with the development of my other systems, I would lock down certain parts, as I was happy with them, applying that same obsession as RJ, but this time, it was well directed focus.

Now I just sit here and trade, no more searching, striving googling this and that indicator, testing this and that, changing, changing, and more changing, crashing metatrader, cause I changed things too much.

So here I am at the end of an incredible journey, but at the start of an even better one.

Reading, learning, practice, demo, reading, lea........

upto Page 600 and catching each day

Since signing up to Genesis last year I have now run "marathons" in reading and screen time, I have been away to learn supporting topics but kept Genesis on my charts to always be the benchmark of performance.

My knowledge and experience has increased massively and for the first time my monthly pip gain is close to 1000, on demo but done with Genesis and the supporting knowledge of pivots, stochastics, divergence... all mentioned regularily on the thread

RJ your stewardship of this thread is superb, long may it continue and after next months sprint to finally catch up and start to post some live trades (yes live...gulp) I may have an interesting view using only Stochastics that seems to work well with Genesis (I need to finish more testing and if OK do a write up). I will PM it to RJ if I may and see if it adds anything

I showed my wife your story RJ and she immediately drew comparison to my journey, as it seems to be similar for many others

Bravo

Martyfish

My story is close to your background and my past logical problem solving careers had me convinced I could be the one to tame the market, guess what..........

When I look back at some of my early stuff, I probably need certifying

Anyway a big part of my development has been to accept the uncertainty the markets bring and good MM to protect things (I do go astray still but getting less frequenet and also less damaging)

Out of interest, what part of the UK are you from?

certifiable is an understatement !!

Deep in the Surrey countryside !!

I am just reading about your setup and you say you've got 45Mb broadband in the Surrey countryside, how have you got that?

We are in West Sussex on the Surrey border and living on intermitent 4Mb to 5Mb copper exchanges (mainly when it rains) and had to create backup with mobile broadband so I can handle soft landings in the event of loss of broadband. Not ideal trading environment but always put my stops in with the orders just in case

One day based on progress I may need to take offices to get reliable comms as the lot sizes will become too scary over this tin wire, a way off yet LOL

stopped out @ A/J

stopped out @ E/U

Wow, your not far from me all !! My in-laws live in East Sussex.

Lucky I guess, we live about 2 miles from a small town, and I got notified by my broadband company they were upgrading our street back in December - its awesome !!

Interesting story Marty.....we took different routes but end up min the same place!!

... and we're off.. EU woo hoo!

Thanks for your kind works TF.....you have got it in one....reading, learning, practicing demo-ing...rinse and repeat. That's the only way to get anywhere in this business. Make sure to keep a trading diary and you'll be well on your way

Hmmm....I wonder what's that all about.....anything on the wire Marty?

Nothing really, EJ just popped off S1 beautifully