Genesis Matrix Trading | Page 788 | 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

  • #15,741
  • Jun 26, 2013 12:36pm Jun 26, 2013 12:36pm
Quoting Martyfish
{quote} I switched it off. When the market wants to break out big time, it pays no respect to ATR/ADR or anything else. Major breakouts are where serious money is. If you get a genesis signal when outside ATR/ADR then by all means reduce your trade size, but I personally will be in the trade !! IMHO
Thank you Marty and Wiz. That's exactly what I needed to hear. It makes perfect sense. My trading background has generally been scalping (~10 pips at a time) so transitioning to these larger intraday moves will require me to make the odd newbie question :nerd:. Thanks again for the answers. I really appreciate it.

I'm loving Genesis. Up 140 pips over my last two trading sessions.
Tight Stop Losses are False Economy - RJ
  • #15,742
  • Jun 26, 2013 2:52pm Jun 26, 2013 2:52pm
Quoting Pippicidal
{quote} You're right Wiz. From reading the entire thread I recall that new trades are not recommended when the ATR and ADR are towards the higher end of their range. My question was for an open trade exit when those indicators have reached 100% levels have Genesis traders noted that the moves generally end at that point or do good moves overshoot those indicators. I do not recall reading anything regarding that question in the thread (although we have almost 16K posts so I could have forgotten.) I hope I'm not out of line in asking that....
Sometimes PA overshoots ATR... most times even, when there's a speech or NFP or FOMC etc. In any case, whenever there's fundamentals driving price and not pure sentiment. But there's also the exception to the rule. I personally simply avoid taking any trades when ATR has been reached... makes it easier for me
  • #15,743
  • Jun 26, 2013 2:53pm Jun 26, 2013 2:53pm
Quoting Pippicidal
{quote} Thank you Marty and Wiz. That's exactly what I needed to hear. It makes perfect sense. My trading background has generally been scalping (~10 pips at a time) so transitioning to these larger intraday moves will require me to make the odd newbie question :nerd:. Thanks again for the answers. I really appreciate it. I'm loving Genesis. Up 140 pips over my last two trading sessions.
I'm in the same boat except my average trade is 3.5 pips, and EU only. With recent laziness in the EU, I've been looking at some of the other currencies and trying to decipher a way that I could take some larger profits from the ones that are moving best (alongside my continued EU scalping). 26 pip trades like I was taking today are HUGE for me (nothing for some of the guys around here), but this system is providing a relatively easy and consistent structure to trade from.
Small disciplines repeated with consistency lead to great achievements.
  • #15,744
  • Jun 26, 2013 3:16pm Jun 26, 2013 3:16pm
Quoting WDays
{quote} Sometimes PA overshoots ATR... most times even, when there's a speech or NFP or FOMC etc. In any case, whenever there's fundamentals driving price and not pure sentiment. But there's also the exception to the rule. I personally simply avoid taking any trades when ATR has been reached... makes it easier for me
Right on WD. I think it will be a matter of noting it in my log and seeing what happens. Like you say, fundamentally driven moves would probably be the more likely ones to blow past. I may take cherry setups with a smaller position size if the ADR is maxxed. Appreciate the feedback.
Tight Stop Losses are False Economy - RJ
  • #15,745
  • Jun 26, 2013 3:19pm Jun 26, 2013 3:19pm
Quoting jmflukeiii
{quote} I'm in the same boat except my average trade is 3.5 pips, and EU only. With recent laziness in the EU, I've been looking at some of the other currencies and trying to decipher a way that I could take some larger profits from the ones that are moving best (alongside my continued EU scalping). 26 pip trades like I was taking today are HUGE for me (nothing for some of the guys around here), but this system is providing a relatively easy and consistent structure to trade from.
Yeah, enjoying this system for sure and by monitoring several pairs the M5 charts provide lots to do while waiting for trade setups I similarly scalped just EU but things have changed and so have I. Good Trading.
Tight Stop Losses are False Economy - RJ
  • #15,746
  • Jun 26, 2013 3:41pm Jun 26, 2013 3:41pm
How long have you been trading with the Matrix/5 minute? It seems that you are having some success with it!

EDIT: Question directed towards Pippicidal
Small disciplines repeated with consistency lead to great achievements.
  • #15,747
  • Jun 26, 2013 5:17pm Jun 26, 2013 5:17pm
Quoting jmflukeiii
How long have you been trading with the Matrix/5 minute? It seems that you are having some success with it! EDIT: Question directed towards Pippicidal
Haha, good question. I started looking for alternative methods about 6 weeks ago. Found an interesting M1 system but it didn't work that well for me. I think RJ was posting over there and referenced his post on this thread regarding his 'story'. That piqued my interest in this system but 650 pages, at the time, was a little daunting. Anyways, I read the first couple of pages and the last 10 and downloaded the basic template and made a trade or two. I realized pretty quick that the door would be shown to any who hadn't fully read the thread so I actually stopped trading altogether for almost 6 weeks. I read every single post in this thread, bought/read the book in RJs profile, setup my MT4 with Xaphods indis, and a few other things.... Long story short, I started trading this in my real account 2 days ago So far the results are impressive and combined with my past experience I hope to keep it going. I'm really enjoying it. How about you?
Tight Stop Losses are False Economy - RJ
  • #15,748
  • Jun 26, 2013 11:06pm Jun 26, 2013 11:06pm
Quoting Pippicidal
{quote} ....... Long story short, I started trading this in my real account 2 days ago So far the results are impressive and combined with my past experience I hope to keep it going. I'm really enjoying it. How about you?
Somewhat similar story I suppose. While RJ wouldn't remember, I remember probably about winter of 2011, right after I joined FF, "bumping" into RJ on a few threads, including the symphony thread, and then later in a system on 10 minute charts by I think Peter Fratelli, or something along those lines. RJ was "testing" a few of the posted systems in FF and generously giving his results to everyone, and I believe ultimately created a comparison thread comparing the methods and storing his test results.

Anyway, I gravitated towards scalping, and found a mentor who showed me a way to scalp. I had some successes, then some greater failures, then method hopped for about 6 months, both in futures and forex, then went back to my mentor begging for help basically and I was right back into the swing of things, all of a sudden successfully scalping EU. And the realization finally sunk in, its the person, not the system, that makes it work; a good system just makes it a little easier. My scalping is a lot of market "feel" should you say, with defined trigger points, but a lot of market reading on a tick chart.

However, EU isn't quite the instrument it used to be I believe, and often allows me down time during my sessions so I started perusing FF. Noticed RJ's name attached to this thread and of course was interested to see what he had come up with. So I have kept up 4 markets in a separate MT4 and have been monitoring it through my sessions (NY/London overlap) as well as continuing my scalping on EU for about 2.5/3 weeks or so. Its intriguing, and the thought has occurred to make it a primary method of trading, monitor 4-8 pairs and find what is actually moving, not just waiting for the EU to do something. So far I've had about 20% return on a my $5k demo trading 1 mini lot and only part of my attention. I'm not sure whether all of my attention would make it better though.... I might just over manage my trades (i.e. even earlier exits)!

Long story short, I'm comfortable doing what I'm doing now, and have an excellent mentor whom I can continue to work with when I need some help, but Genesis provides a slightly more mechanical (and therefore less stressful for me) approach, as well as a full support team here in this thread. So current plans are to continue doing both and see which method ultimately creates a great % return in 3-6 months time - its about making money and whatever makes me more is ultimately the logical thing to choose. Perhaps I continue both, although both feels a little too chaotic.

Long post, I apologize....
Small disciplines repeated with consistency lead to great achievements.
  • #15,749
  • Jun 27, 2013 12:55am Jun 27, 2013 12:55am
Quoting minako
you must open it only after 1:01AM EST. and come DST, open it only by 2:01AM EST (like the market_open indi). because it is embedded with calculations from the previous day that ends 1AM EST then 2AM by EST.
Hello all,

and thanks for the thread.

I've tried to find an answer with the search function but with no results.

Please, anyone could explain me the quote above?

Isn't the CSM usable 24/24?

I can't figure out wht's the matter of "open it only after 1:01AM EST. and come DST, open it only by 2:01AM EST"

Thank you in advance for your answer.

The best for your trading.

Sethy
  • #15,750
  • Jun 27, 2013 2:08am Jun 27, 2013 2:08am
Quoting sethy
{quote} Hello all, and thanks for the thread. I've tried to find an answer with the search function but with no results. Please, anyone could explain me the quote above? Isn't the CSM usable 24/24? I can't figure out wht's the matter of "open it only after 1:01AM EST. and come DST, open it only by 2:01AM EST" Thank you in advance for your answer. The best for your trading. Sethy
She combined it with MO momentum... Basically knowing that there's an increase in liquidity at london open (1:01 AM EST/2:01 AM after DST), it is useful to see which pairs would trend the most right at LO. She did the same at NYO, from what I read on the matter. Of course it would be great if someone who was here at the time of the posts could explain...

I use it throughout the whole day, though. I do this at MO and then every time I see a setup I confirm it with CSM.
  • #15,751
  • Jun 27, 2013 2:18am Jun 27, 2013 2:18am
re-entry trade on EJ. I know matrix wasnt ready, but UJ was, so I just went in a few seconds before the close of the candle.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 67 KB
  • #15,752
  • Jun 27, 2013 2:21am Jun 27, 2013 2:21am
Quoting WDays
re-entry trade on EJ. I know matrix wasnt ready, but UJ was, so I just went in a few seconds before the close of the candle. {image}
why did you close your EJ?
Failure leads to Success if one learns from mistakes and never give up
  • #15,753
  • Jun 27, 2013 2:27am Jun 27, 2013 2:27am
Quoting jinchu
{quote} why did you close your EJ?
Because I like targetting the nearest S/R level and the RN was in the way Trade was intended to go for around 17 pips, I got 16,7 so I'm happy

For me, you can't go wrong if you tp at the nearest S/R. If it breaks it will provide a new entry opportunity once it retraces to the resistance that will then have turned support, and I will have another entry point until the next resistance. Right now, we can't be sure that it's going to break for certain, despite what the CSM says... Also german unemployment change in 30 minutes.

That's the short version, the long one has to do with a correlation with UJ, which has reached H4, which is a long-break out point that doesn't break that easily according to my observations.
  • #15,754
  • Jun 27, 2013 2:34am Jun 27, 2013 2:34am
Quoting WDays
{quote} Because I like targetting the nearest S/R level and the RN was in the way Trade was intended to go for around 17 pips, I got 16,7 so I'm happy For me, you can't go wrong if you tp at the nearest S/R. If it breaks it will provide a new entry opportunity once it retraces to the resistance that will then have turned support, and I will have another entry point until the next resistance. Right now, we can't be sure that it's going to break for certain, despite what the CSM says... Also german unemployment change in 30 minutes. That's the...
Ic, thanks for explaining

Nice trade you have there

Congrats
Failure leads to Success if one learns from mistakes and never give up
  • #15,755
  • Jun 27, 2013 2:50am Jun 27, 2013 2:50am
Quoting jinchu
{quote} Ic, thanks for explaining Nice trade you have there Congrats
You're welcome and thank you
  • #15,756
  • Jun 27, 2013 2:51am Jun 27, 2013 2:51am
Quoting WDays
re-entry trade on EJ. I know matrix wasnt ready, but UJ was, so I just went in a few seconds before the close of the candle. {image}


nice trades WD... you're almost ready to go back live.....
.... laughing all the way to the bank
  • #15,757
  • Jun 27, 2013 2:53am Jun 27, 2013 2:53am
Quoting itsallover
{quote} nice trades WD... you're almost ready to go back live.....
Ugh yeah, hopefully... Spending today and tomorrow on demo. I haven't taken that many trades this week though :/ I have 4 trades, 1 b/e.. 77 pips so far according to my journal and demo account balance... BTW check your pm
  • #15,758
  • Jun 27, 2013 3:02am Jun 27, 2013 3:02am
Quoting WDays
{quote} Ugh yeah, hopefully... Spending today and tomorrow on demo. I haven't taken that many trades this week though :/ I have 4 trades, 1 b/e.. 77 pips so far according to my journal and demo account balance... BTW check your pm

.... not a bad score considering you left early yesterday
.... laughing all the way to the bank
  • #15,759
  • Jun 27, 2013 3:06am Jun 27, 2013 3:06am
Quoting itsallover
{quote} .... not a bad score considering you left early yesterday
NVM I lied, I took a 17 pip SL on GJ y'day, but I didn't document it because I decided I would drop GJ due to a horribad spread (which actually was the cause of my SL, I forgot to account for it when placing my stop). 60, not 77... But it doesn't really matter, the idea is for me to regain my confidence back
  • #15,760
  • Jun 27, 2013 3:12am Jun 27, 2013 3:12am
Quoting jmflukeiii
{quote} Somewhat similar story I suppose. While RJ wouldn't remember, I remember probably about winter of 2011, right after I joined FF, "bumping" into RJ on a few threads, including the symphony thread, and then later in a system on 10 minute charts by ........ Perhaps I continue both, although both feels a little too chaotic. Long post, I apologize....
Quoting Pippicidal
{quote} Haha, good question. I started looking for alternative methods about 6 weeks ago. Found an interesting M1 system but it didn't work that well for me. I think RJ was posting over there and referenced his post on this thread ........
..... really inspirational guys. Keep those posts coming. You have no idea how helpful these posts are to newbies.
Thanx
ps- no post is ever too long
.... laughing all the way to the bank
3 traders viewing now