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Genesis Matrix Trading

  • #14,841
  • Jun 13, 2013 4:19pm Jun 13, 2013 4:19pm
Quoting padila
{quote} That is the beauty of this thread. There is so much to learn from other members' experiences.
And the best part is I feel like I'm contributing a helluva lot...by giving the what not to do in order to be successful and bag hundreds of pips/day examples

Really not a business for someone who'd give up easily, lol... At least what I lack in intelligence I make up for with mindless persistence
  • #14,842
  • Jun 13, 2013 5:05pm Jun 13, 2013 5:05pm
Quoting WDays
{quote} And the best part is I feel like I'm contributing a helluva lot...by giving the what not to do in order to be successful and bag hundreds of pips/day examples Really not a business for someone who'd give up easily, lol... At least what I lack in intelligence I make up for with mindless persistence
Call it dogged determination.
What the mind does not know, the eyes cannot see
  • #14,843
  • Jun 13, 2013 5:32pm Jun 13, 2013 5:32pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting forexdaist
{quote} You are right, I'm so sorry and must apoligize for my obtuseness. I'm not going to hinder the thread again. Sorry all of you, I had a bad day. I never try that "Search" (I should have...), and looked for the indi in the thread list of attached files. So clumsy. I have just read the post #1 once again (I read it five months ago but I cannot try the system in that time because of personal reasons. Now I got solved some problems I have time to properly study Genesis Matrix Trading, it's my fault don't re-read firstpost...) I hope I don't...
You'll be right Toni. Anyone who can use the word obtuse cant be that stupid! Hope you're posting winners soon like so many on the thread. Even I took a while to find my way around FF, like, you can block PMs? and there's a SEARCH place? or, you can find post #what? As long as you have pressed every button on your MT4 platform.
  • #14,844
  • Jun 13, 2013 5:46pm Jun 13, 2013 5:46pm
Quoting WDays
{quote} Seems like you were on fire today! I'm happy to see people pulling such hits off, it reassures me so much!
I dont think there is much skill to taking pips when they are on offer like the JPY crosses have been, the moves were so large as long as you can get in the right direction in the first place its just a matter of hanging on. The test I think of a good trader is on the difficult days when its whipsawing and not giving up too many pips at a time....adapting I suppose is the word Im looking for. Fame of me is good at holding on even when it seems to be going backwards on her, because she has the belief she is trading the right way or cutting the loss when she's not, thats skill.
  • #14,845
  • Jun 13, 2013 6:15pm Jun 13, 2013 6:15pm
Quoting lastingwell
{quote} I dont think there is much skill to taking pips when they are on offer like the JPY crosses have been, the moves were so large as long as you can get in the right direction in the first place its just a matter of hanging on. The test I think of a good trader is on the difficult days when its whipsawing and not giving up too many pips at a time....adapting I suppose is the word Im looking for. Fame of me is good at holding on even when it seems to be going backwards on her, because she has the belief she is trading the right way or cutting...
Being able to stay in a trade for as long as you and Fame is definitely proof of superior trading skill. In theory I know what I am doing and what's going to happen when I enter on a certain setup. My emotions overwhelm me, however, once I've pulled the trigger.

I barely have any bad trades, I have terrible exits and that's something I need to work on still... it's taking me forever to get used to holding trades. Most times I panic and close when I'm not sure if a trade is going to fly, even though I'm perfectly aware of the fact that price doesn't just shoot up or down once I am on board... Once I'm in a freetrade I can easily hold it forever if I must, but those 10 minutes it takes to see if price is going to get enough bullish or bearish momentum kill me. Any advice you (and Fame and other forex deities ) have for me will be greatly appreciated, even though this thread is probably not the place to ask that... Also I don't want to find someone to hold my hand while I trade or anything, just discussing methods...
  • #14,846
  • Jun 13, 2013 6:16pm Jun 13, 2013 6:16pm
Quoting forexdaist
{quote} You are right, I'm so sorry and must apoligize for my obtuseness. I'm not going to hinder the thread again. Sorry all of you, I had a bad day. I never try that "Search" (I should have...), and looked for the indi in the thread list of attached files. So clumsy. I have just read the post #1 once again (I read it five months ago but I cannot try the system in that time because of personal reasons. Now I got solved some problems I have time to properly study Genesis Matrix Trading, it's my fault don't re-read firstpost...) I hope I don't...
Thanks for your honesty Toni....and I know that it must be difficult when English is not your first language.

The good thing is that the market is not going to disappear, and neither is this thread so you have time to read and understand Post #1, and the links in it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,847
  • Jun 13, 2013 6:28pm Jun 13, 2013 6:28pm
Quoting padila
{quote} Thanks for another stochastics example, RJ. Like a very good teacher, you have managed to imprint the stochastics concept clearly in my mind. I shall remain forever grateful, Sir!
You're welcome. The stochastic oscillator has been around since the 1950's so it's been well and truly test in the field...lol. It's one of the few indicators that is still in widespread use in some of the biggest trading institutions all over the world, so you know that when major institutions, hedge funds, banks, brokers etc etc use it, then the chances are that it's a reliable and useful tool!

It is kind of like riding a bicycle.....it's hard to get a 'feel' for it, but when it all makes sense in your brain....it's easy. It may be a boring indicator visually, but it works well.

Heres a wiki link, just for some casual reading
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,848
  • Jun 13, 2013 6:33pm Jun 13, 2013 6:33pm
Quoting WDays
{quote} And the best part is I feel like I'm contributing a helluva lot...by giving the what not to do in order to be successful and bag hundreds of pips/day examples Really not a business for someone who'd give up easily, lol... At least what I lack in intelligence I make up for with mindless persistence
You ARE contributing a helluva lot....even though this thread is not for newbies to trading, it's easy for the senior members to forget that we all were once where you are now. I clearly remember being on the verge of throwing in the towel, but I was 'rescued' by a very good trader, 'acumen'....Mike.

Hopefully, with determination, and the help of the people here and a great system, you will soon get that 'Eureka' moment that I got though the help of Mike.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,849
  • Jun 13, 2013 6:41pm Jun 13, 2013 6:41pm
Quoting realjumper
{quote} You ARE contributing a helluva lot....even though this thread is not for newbies to trading, it's easy for the senior members to forget that we all were once where you are now. I clearly remember being on the verge of throwing in the towel, but I was 'rescued' by a very good trader, 'acumen'....Mike. Hopefully, with determination, and the help of the people here and a great system, you will soon get that 'Eureka' moment that I got though the help of Mike.
I'm trying to remain perseverant because I find this whole business truly interesting and I go about it with passion, so it's not something I do cus I've heard you get lots of money with little to no effort. I'd hate to be stuck working in some office with people I don't like, doing something I hate and so on. Forex allows freedom to a very large extent, and I am not a very ambitious guy. I am not shooting for the stars. Just want to have fun with what I do... So far I'm having fun, because I feel like I'm finally starting to understand how market flows and how things work, I invested 8 months into hard work; studying, researching, looking for a system and so on... Of course I'm never going to stop learning, I doubt you guys have because this is a business of endless possibilities, but I think I've found what works for me for now. All that's left is to act up on that feeling and just fix my "prematureness". I doubt I'll give up, as frustrated as I may get (and have gotten in the past), I've just taken short breaks and went back to it with a different approach. We all know Einstein's definition of insanity... I try to keep my sanity...

p.s: all that being said, I really like ur signature, RJ
  • #14,850
  • Jun 13, 2013 6:50pm Jun 13, 2013 6:50pm
Quoting WDays
{quote} Being able to stay in a trade for as long as you and Fame is definitely proof of superior trading skill. In theory I know what I am doing and what's going to happen when I enter on a certain setup. My emotions overwhelm me, however, once I've pulled the trigger. I barely have any bad trades, I have terrible exits and that's something I need to work on still... it's taking me forever to get used to holding trades. Most times I panic and close when I'm not sure if a trade is going to fly, even though I'm perfectly aware of the fact that price...
My 5c on the subject that is troubling you is this......that fear, or anxiety, will never go away completely......and that's a good thing.

For example. I have been a skydiver for many years now, and the first time I jumped I was pretty damn scared....but I just put all my faith in my training (this thread) and my equipment (Genesis system), and the jump went well.....so well in fact that I went straight back up and did it again! However, once I got to the door that same fear came back and I wondered why I had just put myself back in the very position that scared the life out of me a couple of hours ago!!! But, I kept the faith and all went well.

To cut a long story short.....years and over a thousand jumps later, I STILL get that anxiety as I prepare to exit the aircraft. I wouldn't say that I'm scared like I used to be, but I am certainly very well aware of what it is that I am about to do.....and the consequences of making a mistake. So I check my gear as we near our designated altitude......I ask others to check my gear, and I check theirs. I stick my head out the door to make sure we are in the right piece of sky and to look for other aircraft......I check my gear again and I go through the emergency procedure in my head......I close my eyes and touch my emergency equipment and I rehearse the jump in my head....when I see that we are in the right place in the sky, I call for the pilot to 'Power off' and I have one last look at everyone in the aircraft to make sure that all is as it should be......then we go ahead with the jump.

The point to all this is: The anxiety that I feel on 'jump run', is similar to the anxiety that you are feeling until your trade is safe......that feeling may diminish over time, but it won't go away. And it's good that it won't go away because it will keep you safe from making stupid mistakes. It won't work out in your favour every time.....same with skydiving....twice my parachute has not deployed correctly but my reserve parachute (Stop Loss...lol) saved me.

Feel the Fear, But Do it Anyway!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,851
  • Jun 13, 2013 7:02pm Jun 13, 2013 7:02pm
Quoting realjumper
{quote} My 5c on the subject that is troubling you is this......that fear, or anxiety, will never go away completely......and that's a good thing. For example. I have been a skydiver for many years now, and the first time I jumped I was pretty damn scared....but I just put all my faith in my training (this thread) and my equipment (Genesis system), and the jump went well.....so well in fact that I went straight back up and did it again! However, once I got to the door that same fear came back and I wondered why I had just put myself back in the...
Well said RJ. Mind rehearsal like you mentioned is imperative in ANY field that you want to succeed...very important in trading.

So that's where RJ comes from........hmmm. Always wondered.

PM1
  • #14,852
  • Jun 13, 2013 7:07pm Jun 13, 2013 7:07pm
Quoting realjumper
{quote} My 5c on the subject that is troubling you is this......that fear, or anxiety, will never go away completely......and that's a good thing. For example. I have been a skydiver for many years now, and the first time I jumper I was pretty damn scared....but I just put all my faith in my training (this thread) and my equipment (Genesis system), and the jump went well.....so well in fact that I went straight back up and did it again! However, once I got to the door that same fear came back and I wondered why I had just put myself back in the...
Thanks for this. It is a very good analogy and I will try to remember it in 7 hours, when London opens. But in retrospect, what happens in my head is actually the "cocky and proud me" fighting the "uneasy and pessimistic me". I feel like I'm more scared of being wrong than anyone else... I don't care about the SL or the money. It's a stupid character trait, I know, but I always start off pretty confident in any endeavour I take on, refuse to listen to more experienced people and end up crashing and almost burning... But I eventually get there and the good thing is I don't even get scars I think some people call it arrogance... lol.
  • #14,853
  • Jun 13, 2013 7:11pm Jun 13, 2013 7:11pm
Quoting realjumper
{quote} My 5c on the subject that is troubling you is this......that fear, or anxiety, will never go away completely....twice my parachute has not deployed correctly but my reserve parachute (Stop Loss...lol) saved me. Feel the Fear, But Do it Anyway!!
Eloquent and picturesque analogy, point worth remembering.
What the mind does not know, the eyes cannot see
  • #14,854
  • Jun 13, 2013 7:25pm Jun 13, 2013 7:25pm
catch a nice GJ trade and closed with 80 pips.

My entry was later, i missed the original entry.
Attached Image (click to enlarge)
Click to Enlarge Name: gj m5.png Size: 10 KB


My kiwi trade is still on work. BE +4 at this time
  • #14,855
  • Jun 13, 2013 7:37pm Jun 13, 2013 7:37pm
Quoting Fame of me
catch a nice GJ trade and closed with 80 pips. My entry was later, i missed the original entry. {image} My kiwi trade is still on work. BE +4 at this time
LOL......I used to have Tokyo session aaaaaallllll to myself.......now I have competition!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,856
  • Jun 13, 2013 8:01pm Jun 13, 2013 8:01pm
Gravity working very well in EJ, GJ and AJ.
What the mind does not know, the eyes cannot see
  • #14,857
  • Jun 13, 2013 8:03pm Jun 13, 2013 8:03pm
Quoting padila
Gravity working very well in EJ, GJ and AJ.
Certainly is......UJ too.......I wonder what bold thoughts Abe is having!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,858
  • Jun 13, 2013 9:45pm Jun 13, 2013 9:45pm
This is my M15 Trade from AU yesterday after london open

+56 Pips

Attached Image
  • #14,859
  • Jun 13, 2013 10:36pm Jun 13, 2013 10:36pm
Quoting WDays
{quote} I'm trying to remain perseverant because I find this whole business truly interesting and I go about it with passion, so it's not something I do cus I've heard you get lots of money with little to no effort. I'd hate to be stuck working in some office with people I don't like, doing something I hate and so on. Forex allows freedom to a very large extent, and I am not a very ambitious guy. I am not shooting for the stars. Just want to have fun with what I do... So far I'm having fun, because I feel like I'm finally starting to understand...
hi WD,
i know very well what you say and not only about tradng ;-)
FEAR is a sane emotion, it helps us to save our skin most of the time but in trading it can damage our account if you don't know how deal with it.
I wouldn't like go OT but if you like PM me I could give you some advices.

ciao

Wiz
You control how you trade; the market controls how and when you'll get paid
  • #14,860
  • Jun 13, 2013 11:43pm Jun 13, 2013 11:43pm
Shout out to my sis in pips kosmo. Hope you're ok and come and trade with as soon
.... laughing all the way to the bank
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