Genesis Matrix Trading | Page 764 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #15,261
  • Jun 21, 2013 5:34am Jun 21, 2013 5:34am
Quoting doitamg
... I remind myself this everyday "keep reading and learning, don't give up, believe in yourself, believe in the genesis system, and believe in the people here" and it will pay off sooner or later, trust me. (I, myself thinking of quitting forex at one point but lucky I didnt) So to all the people that are almost there please dont give up and keep going....
Very well said, doitamg

It's so easy to lose faith when in your baby steps phase of trading, seeing all the seasoned traders bagging hundreds of pips daily. But they were there too, struggling at the very beginning. Where they are now, fulfilled and consistently profitable, is the strongest motivation not to give up, at least for me.
mind over matter
  • #15,262
  • Jun 21, 2013 5:43am Jun 21, 2013 5:43am
Quoting kosmo
{quote} Very well said, doitamg It's so easy to lose faith when in your baby steps phase of trading, seeing all the seasoned traders bagging hundreds of pips daily. But they were there too, struggling at the very beginning. Where they are now, fulfilled and consistently profitable, is the strongest motivation not to give up, at least for me.
I cannot but completely agree with you, I've been just about to quit after months and months of losing trades, or being permanently at BE, I finally realized that my main issue has been the pressure of having to bee profitable soon, since my family just got bigger... instead of that took a few days off, several good breathes, back to babypips school, reinstalled MT4 only with genesis indicators, moved to M15/H1 hoping to be able to follow the trades better and less frequently, crossed my fingers and started from scratch with my $200 demo account...
Good judgement comes from experience, experience comes from poor judgement
  • #15,263
  • Jun 21, 2013 5:44am Jun 21, 2013 5:44am
Quoting thomasK
{quote} Exactly. I have mentioned three arrows (reffering always to my template): "A second comment has to do with ranging markets. I was hitting my head to the wall trying to find ways to avoid ranging periods of the market. Here the three arrows help alot. When ranging it is very common to see these arrows pointing at different directions saying to you "stay out" " What has stochastics to do with that?
Some crossed wires somewhere!! I read it as you wrote it and I am will certainly be watching this in future choppiness. .

FWIW, as you would have seen on my charts, I use the ASCTrend-4TF, and I will enter a trade if everything else looks good but even the M5 hasn't changed to the right colour yet, but mostly when I enter, I have either the M5 or the M5 and the M15 ASCTrend in agreement. If I have the M30 and the H1 as well......well...it's likely to be a nice trade because I'm certainly going with a decent trend!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,264
  • Jun 21, 2013 5:51am Jun 21, 2013 5:51am
@ doitamg

@ jurtzi

As has been said, we all start in the same place, and we all go through the same issues. As the saying goes, '95% quit fx'......well I don't know if that's true or not, but I know that I very nearly quit once too. I wrote a short story of what happened here...have a read
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,265
  • Jun 21, 2013 5:53am Jun 21, 2013 5:53am
Quoting lastingwell
Nice pips on EJ this morning, relatively quick 70 pips up earlier this morning and now another 70 pips down +140 so far today.
Very nice

I didn't get the 'up' because I was busy, but I got the 'down'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,266
  • Edited 6:04am Jun 21, 2013 5:54am | Edited 6:04am
Quoting realjumper
@ doitamg @ jurtzi As has been said, we all start in the same place, and we all go through the same issues. As the saying goes, '95% quit fx'......well I don't know if that's true or not, but I know that I very nearly quit once too. I wrote a short story of what happened here...have a read
I did read it, a month ago, printed in big letters, framed it and is hanging on my mental trading room (that I'll have in real life sooner or later), many many thanks for that.
Good judgement comes from experience, experience comes from poor judgement
  • #15,267
  • Jun 21, 2013 6:04am Jun 21, 2013 6:04am
Quoting jurtzi
{quote} I did read it, months ago, printed in big letters, framed it and is hanging on my mental trading room (that I'll have in real life sooner or later), many many thanks for that.
Hope it helps.....when we start, it seems easy. After all, the price doesn't have too many options where it's going to go!! But the more we learn, the more we realise how difficult this is and one of things that I know caused many issues for me, was listening (aka reading), other people's opinions of where the PA is going to go, and why. This place is full of 'experts' who will convince you that they are right and that the price *will* go to 'x.xxxx' and will then reverse......and that includes all the paid 'experts' and 'analysts' etc etc etc........look.....*none of them*......not even one of them, knows where the price is going next. They are guessing.....yes....some are informed guesses, but they are still guessing at it. No one knows for certain.

So you see why I absolutely insist that none of this guessing goes on here......and my advice is don't read any of that other crap by brokers analysts, or other 'experts' at FF, or anywhere else. The system is pretty good at getting us into trades....we have to manage our trades and exit when we think best. That's all!!

No need to make this more difficult than it is by adding all those worthless expert opinions to the equation to confuse you and to put doubt in your mind.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,268
  • Jun 21, 2013 6:07am Jun 21, 2013 6:07am
Quoting realjumper
{quote} Hope it helps.....when we start, it seems easy. After all, the price doesn't have too many options where it's going to go!! But the more we learn, the more we realise how difficult this is and one of things that I know caused many issues for me, was listening (aka reading), other people's opinions of where the PA is going to go, and why. [b]This place is full of 'experts' who will convince you that they are right and that the price *will* go to 'x.xxxx' and will then reverse......and that includes all the paid 'experts' and 'analysts' etc...
I vouch for that as well!
  • #15,269
  • Jun 21, 2013 6:11am Jun 21, 2013 6:11am
Quoting Larseg
{quote} I vouch for that as well!
Hey there Lars....long time....how have you been?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,270
  • Jun 21, 2013 6:42am Jun 21, 2013 6:42am
Quoting realjumper
{quote} So starting next week, I'll run a 4 week test on M15 only, and post the results at the end of the period. Of course I can't trade M5 at the same time, so there will be no comparison, but that's not really important. What is important is the overall win/loss and the pip count. So from next week, I'll collect 4 weeks worth of data and we shall see how we go........
Quoting realjumper
{quote} .....but remember, is the mundane boring old gathering of pips every day that will swell your bank account more that you might imagine in a relatively short time. Check out the spreadsheet
Quoting realjumper
{quote} .. So you see why I absolutely insist that none of this guessing goes on here......and my advice is don't read any of that other crap by brokers analysts, or other 'experts' at FF, or anywhere else. The system is pretty good at getting us into trades....we have to manage our trades and exit when we think best. That's all!! No need to make this more difficult than it is by adding all those worthless expert opinions to the equation to confuse you and to put doubt in your mind.

I just love your today's posts, RJ. Time after time you make me absolutely sure I'm in the best possible place to learn
mind over matter
  • #15,271
  • Jun 21, 2013 6:47am Jun 21, 2013 6:47am
Quoting kosmo
{quote} {quote} {quote} I just love your today's posts, RJ. Time after time you make me absolutely sure I'm in the best possible place to learn
That's very nice of you Jo...thank you.

I see your own trading coming on in leaps and bounds over the past 2 or 3 months.....you're doing really well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,272
  • Jun 21, 2013 6:47am Jun 21, 2013 6:47am
Quoting realjumper
{quote} Hey there Lars....long time....how have you been?

Good buddy very good,

some ups and downs in AAPL but otherwise everything is going as planned, per cent wise that is

and you? all in control?

I dont live in OZ anymore so my time has change for the better: Europe

hehe...
  • #15,273
  • Jun 21, 2013 6:56am Jun 21, 2013 6:56am
Quoting Larseg
{quote} Good buddy very good, some ups and downs in AAPL but otherwise everything is going as planned, per cent wise that is and you? all in control? I dont live in OZ anymore so my time has change for the better: Europe hehe...
From Aussie to Europe......out of the fry pan and into the fire!!!.......

Yep....all good here too thanks.

Got no outstanding bills, a roof over my head, food in the cupboard and money in the bank, enough for a cup of coffee anyway

....so all is well over here......I can't complain, but sometimes I still do
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,274
  • Jun 21, 2013 7:21am Jun 21, 2013 7:21am
Quoting thomasK
{quote} I have mentioned that I trade only indices (yesterday dow went more than 300 pips straight down, extremely hard to trade it ), but out of respect to this thread I will attach a UJ chart (nothing to do with me) just to make my comments clear. If you ask me what do you trade M5 or M15? I will reply M5. But someone could call it M15. Let us see why: Looking at my tempate you see: 1. M5 matrix 2. Three arrows (M5, M15, M30). As I said before it is not (for me) critical to wait for all of them to close. Even if they are alligned for at...
This is a great post, thomasK. Many thanks for sharing what works for you. I can already see from today's session on a few pairs how useful this is.
  • #15,275
  • Jun 21, 2013 7:47am Jun 21, 2013 7:47am
Quoting sidefx
{quote} This is a great post, thomasK. Many thanks for sharing what works for you. I can already see from today's session on a few pairs how useful this is.
I will never be able to give back even a portion of what I have gained here.
Thank you anyway.
Enter Signature
  • #15,276
  • Jun 21, 2013 8:26am Jun 21, 2013 8:26am
Quoting thomasK
{quote} I will never be able to give back even a portion of what I have gained here. Thank you anyway.
I can say that too!...

just made 64 pips on EU, which is nice to go in the weekend. Nice weekend for all of you and thanks a lot RJ and Genesispeople.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 39 KB
There`s no life before COFFEE!
  • #15,277
  • Jun 21, 2013 8:27am Jun 21, 2013 8:27am
ThomasK, good post. Glad to see we are quite on the same page.
I will have a look at the DOW too, today

RJ
Great posts. This thread is really excellent! Thanks again.
  • #15,278
  • Jun 21, 2013 8:30am Jun 21, 2013 8:30am
Quoting jalkok
{quote} I can say that too!... just made 64 pips on EU, which is nice to go in the weekend. Nice weekend for all of you and thanks a lot RJ and Genesispeople. {image}
Very nice trade. I was going to take it as well because it was a perfect setup.....what stopped me was that I already have reached my target today, and I saw the 3200 round number......but as the trade progressed I wished I had taken it!!!

So well done....an excellent trade
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,279
  • Jun 21, 2013 8:37am Jun 21, 2013 8:37am
Quoting jurtzi
{quote} I cannot but completely agree with you, I've been just about to quit after months and months of losing trades, or being permanently at BE, I finally realized that my main issue has been the pressure of having to bee profitable soon, since my family just got bigger... instead of that took a few days off, several good breathes, back to babypips school, reinstalled MT4 only with genesis indicators, moved to M15/H1 hoping to be able to follow the trades better and less frequently, crossed my fingers and started from scratch with my $200 demo...
Congratulations on your fatherhood, jurtzi

I totally understand what you mean by saying 'the pressure of having to be profitable soon'. It is such a blind alley! I've been guilty of playing with high leverage before, just to get badly burnt. Oh well, as RJ says, sometimes we won't learn until we make a mistake ourselves. No matter how much you read, theory can't compete with experience and the pain of loss. I believe trading is about developing the right habits, and that certainly requires working on oneself. And it won't happen overnight...

Good luck with multiplying your account!
mind over matter
  • #15,280
  • Jun 21, 2013 8:41am Jun 21, 2013 8:41am
Quoting realjumper
{quote} That's very nice of you Jo...thank you. I see your own trading coming on in leaps and bounds over the past 2 or 3 months.....you're doing really well
Thanks, RJ! It's still two steps forward, one step back for me, but I'll get there eventually
mind over matter
0 traders viewing now