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Genesis Matrix Trading

  • #15,361
  • Jun 24, 2013 4:33am Jun 24, 2013 4:33am
Quoting WDays
{quote} That's exactly what I was thinking... Better to skip live trading for a week, but to reach a "halleluja" moment, rather than keep on losing trades and bits of my confidence Won't win any $$ but at the same time if it "fixes me" it will be well worth it and certainly better than to finish this week at b/e again.
Yeah.....I mean...your money will be safe where it is for a week....the market will still be here as well! Spend the time constructively on the demo account which will help your confidence and could show up what you're doing wrong.

As an aside, just by reading your posts, you have to let go of wanting reasons behind the moves. I don't care why the Yen crosses dropped.....if the system says enter, them enter!! I can't understand why EU and EA are where they are, they should both be way below here imo....but I will trade them long if I get a good signal.

We need to forget the reasons and fundamentals and just trade the system. Fundamentals can easily set a bias in your mind and that will cause all sorts of problems. It's a very hard habit to break.....so I make sure to never read too much into any analysts comments. I read them and smile because they don't know jack......for every one that says USD is going up, there will be more that say the opposite. None of them know what's going to happen next, so best we just laugh at them and be the system traders that we are.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,362
  • Jun 24, 2013 4:40am Jun 24, 2013 4:40am
Hi All , hope you all are having a good day

Just wanna share that from the last week or so i have been in consistent profit. before that it wasn't that good, i kept reading genesis thread again & again and tried finding my mistakes, finally I did it

I m really thankful to Genesis team especially RJ for all help & support

I wanna share my experience may be someone can get benefit from that

I trade in the recommended timings , before start i just try to find 2-3 pairs which are trending perfectly, use genesis rules . I think if you are better in finding the trending pairs, you'll be in the consistent profit

Never trade pairs which are ranging or choppy.

I am also a newbie, not an experienced trader but wanna share what i have learnt so far
In Love with Genesis
  • #15,363
  • Jun 24, 2013 4:45am Jun 24, 2013 4:45am
Quoting Jamz
{quote} Slow on biting tonight - I deserve a good whipping Mistress...whip harder please! Suffer from bad discipline - shifting stops the wrong way and not letting profits run......one must watch for a reason to trade out- like a pivot, BRN etc for if the HA candles are just looking good, why trade out? You still don't know what price will do meaning you don't know it is coming back -- it may or may not -- just give it the chance to keep on the way of your trade. That said, PA does look a little sad tonight so far. That's when a stoch chopping and...
Jamz,
I watched some really good forex videos .... Mind over Market ..... reminding us that sometimes when trades don't go as expected we look to change our methodologies instead of accepting that a trade will not always have the outcome we desire. If we are accepting a win rate of 70% or thereabouts.... might this loss be accounted for already.... or do we genuinely have a bad habit that ought to be corrected?
.... laughing all the way to the bank
  • #15,364
  • Jun 24, 2013 4:45am Jun 24, 2013 4:45am
Quoting realjumper
{quote} It's not hard to post a chart....just like attaching a file in your email program Post whatever you like....as long as the system is Genesis, it doesn't matter if you're trading currencies or peanuts!!
Yes, it is the "writing on the chart" part that still eludes me. The worst part of giving up my job has been the lack of a secretary or juniors to do the stuff you are always "too busy" to learn! I have the feeling I am about to make a total ass of myself....
I will try the charts first.
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  • #15,365
  • Jun 24, 2013 4:49am Jun 24, 2013 4:49am
Quoting realjumper
{quote} Yeah.....I mean...your money will be safe where it is for a week....the market will still be here as well! Spend the time constructively on the demo account which will help your confidence and could show up what you're doing wrong. As an aside, just by reading your posts, you have to let go of wanting reasons behind the moves. I don't care why the Yen crosses dropped.....if the system says enter, them enter!! I can't understand why EU and EA are where they are, they should both be way below here imo....but I will trade them long if I get...
You are right... Before I used to think that there is no way one can trade without being aware of the fundamentals... Then I came face to face with EU I am reinstating use of CSM, ever since I stopped using that I've done A LOT WORSE. Like I said I will be more careful when picking a trade.
  • #15,366
  • Jun 24, 2013 4:52am Jun 24, 2013 4:52am
Quoting SohaibKhan
Hi All , hope you all are having a good day Just wanna share that from the last week or so i have been in consistent profit. before that it wasn't that good, i kept reading genesis thread again & again and tried finding my mistakes, finally I did it I m really thankful to Genesis team especially RJ for all help & support I wanna share my experience may be someone can get benefit from that I trade in the recommended timings , before start i just try to find 2-3 pairs which are trending perfectly, use genesis rules . I think if you are better in...
Yep.....you got it!! Try and find a trending pair and trade that.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,367
  • Jun 24, 2013 4:55am Jun 24, 2013 4:55am
Quoting realjumper
{quote} Yep.....you got it!! Try and find a trending pair and trade that.....
As you have said many times before , everything is here in this thread, you just have to read it again n again until you find your mistakes

Thank you RJ
In Love with Genesis
  • #15,368
  • Jun 24, 2013 4:58am Jun 24, 2013 4:58am
Quoting yesIknow
{quote} Yes, it is the "writing on the chart" part that still eludes me. The worst part of giving up my job has been the lack of a secretary or juniors to do the stuff you are always "too busy" to learn! I have the feeling I am about to make a total ass of myself.... I will try the charts first. {image}{image}
Ok.....your charts attached perfectly! What I do is just drop a red vertical line on the chart where I enter the trade.....and that line tool is on your menu above your charts....see the circle in the pic I attached. Just select that line and to drop it onto your chart, left click on the chart and the line will appear. You can double click the line once it's on your chart to make the line 'active', then you can drag it to when you want it....double click it again to set it in place. Then make your chart a picture and send here!!!

There is also a Text tool up, the top....select that and start typing!!

Edit: In fact you can see the Text tool in that pic I attached.... 'T'
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,369
  • Jun 24, 2013 5:01am Jun 24, 2013 5:01am
I would just like to add weight to what Kelly has been saying about the H1 stoch. Whether I'm on M5 or M15 I do not trade against the H1 stoch. That comes from a lot of trades that have simply not worked without the H1 at least turning when the trade is taken. Yes some get missed but I dont mind that if it cuts down on losses, in the end it has worked out to more pips.
  • #15,370
  • Jun 24, 2013 5:01am Jun 24, 2013 5:01am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
{quote} Jamz, I watched some really good forex videos .... Mind over Market ..... reminding us that sometimes when trades don't go as expected we look to change our methodologies instead of accepting that a trade will not always have the outcome we desire. If we are accepting a win rate of 70% or thereabouts.... might this loss be accounted for already.... or do we genuinely have a bad habit that ought to be corrected?
Really, just accept the loss is correct procedure. I have played a lot size game online which really demonstrates to stick to the same size trade over and over and to let the expectancy win out. Factor in the worst that could happen like 10 losses in a row, power cut before placing stoploss (thanks for that one RJ )
it pans out to stick to game plan.
My whiteboard tells me "You know what to do!" and I do.....stochastics have to be "just right" and "don't change that rule for any reason"

This is why I need whipping.....monthly should be enough........
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  • #15,371
  • Jun 24, 2013 5:16am Jun 24, 2013 5:16am
Quoting Jamz
{quote} Really, just accept the loss is correct procedure. I have played a lot size game online which really demonstrates to stick to the same size trade over and over and to let the expectancy win out. Factor in the worst that could happen like 10 losses in a row, power cut before placing stoploss (thanks for that one RJ ) it pans out to stick to game plan. My whiteboard tells me "You know what to do!" and I do.....stochastics have to be "just right" and "don't change that rule for any reason" This is why I need whipping.....monthly should...


.... and I'm keeping that whip for my torture tools collection......
.... laughing all the way to the bank
  • #15,372
  • Jun 24, 2013 5:17am Jun 24, 2013 5:17am
Quoting lastingwell
I would just like to add weight to what Kelly has been saying about the H1 stoch. Whether I'm on M5 or M15 I do not trade against the H1 stoch. That comes from a lot of trades that have simply not worked without the H1 at least turning when the trade is taken. Yes some get missed but I dont mind that if it cuts down on losses, in the end it has worked out to more pips.

Thankyou LW. Exactly.
.... laughing all the way to the bank
  • #15,373
  • Jun 24, 2013 5:20am Jun 24, 2013 5:20am
The second I go on demo I win
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  • #15,374
  • Jun 24, 2013 5:21am Jun 24, 2013 5:21am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting lastingwell
I would just like to add weight to what Kelly has been saying about the H1 stoch. Whether I'm on M5 or M15 I do not trade against the H1 stoch. That comes from a lot of trades that have simply not worked without the H1 at least turning when the trade is taken. Yes some get missed but I dont mind that if it cuts down on losses, in the end it has worked out to more pips.
Since I am learning to love stochastics I will also now do exactly that to help keep me out of that prickly chair! It's in the Tower I presume?
  • #15,375
  • Jun 24, 2013 5:24am Jun 24, 2013 5:24am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting WDays
The second I go on demo I win {image}
...but why have you traded out?
Move stop to BE
  • #15,376
  • Jun 24, 2013 5:25am Jun 24, 2013 5:25am
Quoting WDays
The second I go on demo I win {image}
So note it down in your journal. The reason you took the trade, add the screenshot.....the time of day...etc etc etc. And do it with the losing trades too......

Next weekend, go though the journal and look for patterns, both good and bad and write a weekly conclusion of things to do, and things not to do!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,377
  • Jun 24, 2013 5:28am Jun 24, 2013 5:28am
Quoting Jamz
{quote} ...but why have you traded out? Move stop to BE
I was targetting my MA because it is against the most recent rise and pivots are waaay too spread for me to target DS1. Whereas the 18 pips I got were a sure deal

that and the fact that AU and EA have a - correlation, and AU reached + rejected a RN.

Quoting realjumper
{quote} So note it down in your journal. The reason you took the trade, add the screenshot.....the time of day...etc etc etc. And do it with the losing trades too...... Next weekend, go though the journal and look for patterns, both good and bad and write a weekly conclusion of things to do, and things not to do!
Will do!
  • #15,378
  • Jun 24, 2013 5:29am Jun 24, 2013 5:29am
Quoting SohaibKhan
Hi All , hope you all are having a good day Just wanna share that from the last week or so i have been in consistent profit. before that it wasn't that good, i kept reading genesis thread again & again and tried finding my mistakes, finally I did it I m really thankful to Genesis team especially RJ for all help & support I wanna share my experience may be someone can get benefit from that I trade in the recommended timings , before start i just try to find 2-3 pairs which are trending perfectly, use genesis rules . I think if you are better in...
Congratulations


Managed to make a bunch of fantastic trades today but allowed my poor stops spoil them (e.g. moving to BE too soon) - would have been 300pips or so . I think that consistently managing stops is my final hurdle.

Despite my best efforts, I did allow a USDJPY short to escape my stops for 52 pips

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  • #15,379
  • Jun 24, 2013 5:37am Jun 24, 2013 5:37am
Quoting Autobotsgo
{quote} Congratulations Managed to make a bunch of fantastic trades today but allowed my poor stops spoil them (e.g. moving to BE too soon) - would have been 300pips or so . I think that consistently managing stops is my final hurdle. Despite my best efforts, I did allow a USDJPY short to escape my stops for 52 pips {image}

That's a great start to the week....well done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,380
  • Jun 24, 2013 5:49am Jun 24, 2013 5:49am
Quoting realjumper
{quote} That's a great start to the week....well done
Thank you
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