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Genesis Matrix Trading

  • #15,881
  • Edited 11:08am Jun 30, 2013 9:06am | Edited 11:08am
Quoting jsf
Hi Smokey I have no problem with adapting this system, nothing is so good that it can't be improved (it would be the holy grail then).
I would like to comment on the above especially after RJ's latest decision.

We are all aware of the numerous new threads that continuously emerge here in FF.
For the huge majority of them it is a matter of just a few days until "improvements" start occuring.
As an ex-engineer (I am a full time trader now), I have a really hard time to understand how can you improve or suggest improvements to something you do not know.

Imho the correct way to be eligible to suggest improvements is the following:

1. I have fully understand the system, tried it as is for x period of time and I am able to steadily produce y pips per week
with it.
2. From my previous experience and recent observations I believe that the system could steadily produce y+z pips per week if we make the following adjustment....

What percentage of the people suggesting improvements or adding indicators to numerous threads do you believe have gone through the above procedure?

Even though, what is the logical next step if you really feel some respect for the thread starter who gave you the chance to take your trading one step further? (if not, why bother?)

Send him a PM with your idea and let him decide if your idea is good enough to be implemented. After all if you disagree
with a negative desicion, open your own thread. Its a free world!
Have also in mind that there is always room for improvements as the latest amazing tools from Xaphod and team verify.


Does the above mean that all the thread participants trade or should trade by exactly the same way?
I am 100 % sure that each member here uses his variation but the core of our trading is Genesis.

I use Genesis plus something more (two extra lines) but I am not the one to "adapt the system" or confuse people with my variation.

PS (refering to my initial quote)
This might not be the holy grail, but if and when I will be able to steadily earn 600+ pips per week as RJ just did and taking into consideration the amount of money each pip is for me, you can continue searching for the holy grail.
I won't need it.
Enter Signature
  • #15,882
  • Jun 30, 2013 9:43am Jun 30, 2013 9:43am
ThomasK,

I agree 100% maybe because I am an engineer too ;-)
Let me add just a little thought ... Hol Grail is inside the trader not in the system. Even if we give the same rules to tens traders they will achieve completely different results.
This is a very difficult business and it takes a lot of personal committement and efforts to succeed ;-)
You control how you trade; the market controls how and when you'll get paid
  • #15,883
  • Jun 30, 2013 1:51pm Jun 30, 2013 1:51pm
Quoting wiz3003
ThomasK, I agree 100% maybe because I am an engineer too ;-) Let me add just a little thought ... Hol Grail is inside the trader not in the system. Even if we give the same rules to tens traders they will achieve completely different results. This is a very difficult business and it takes a lot of personal committement and efforts to succeed ;-)
Thanks a lot ThomasK and WIZ3003 for these posts.
I can only totaly agree....
There`s no life before COFFEE!
  • #15,884
  • Jun 30, 2013 3:47pm Jun 30, 2013 3:47pm
Quoting realjumper
The M15 Test Yes.....my M15 test is going ahead as planned. The first week is complete and the results are good. Just briefly: Number of Trades Taken: 13 Win / Loss rate: 11 / 2 Biggest single trade gain: +110 Biggest single loss: -25 Nett profit so far: +673 pips Average pips / day : 134.6
Dear RJ

It may sounds weird but out of these trades I would be interested to see and study just the two losers.

As it is mentioned on the first page: "This is not a system for noobies to FX trading".

I am speaking for myself of course but I believe that analyzing a losing trade taken by an experienced trader like you,
can possibly offer me more than seeing just another winner.

If you agree and when you have time, please post some .
Enter Signature
  • #15,885
  • Jun 30, 2013 4:55pm Jun 30, 2013 4:55pm
Quoting realjumper
From now on, this thread will be restricted to those Forex Factory members who have 10 vouchers (10v), or have been invited by the team to join. A group of people have been given an exemption from this requirement right from the start, but if you are not in this first group, it is nothing personal, and do not read too much into it. We simply cannot recall everyone who deserves to be here right from the start.... So....let's remember why we are here....we want to take the banks money. That's what we have been doing, and that's what we will continue...
So good to have you back, RJ... and thank you for leaving the door open for me. It's a privilege I am truly grateful to be granted.

Now, back to business as usual in a few hours
mind over matter
  • #15,886
  • Jun 30, 2013 4:58pm Jun 30, 2013 4:58pm
Quoting thomasK
{quote} Dear RJ It may sounds weird but out of these trades I would be interested to see and study just the two losers. As it is mentioned on the first page: "This is not a system for noobies to FX trading". I am speaking for myself of course but I believe that analyzing a losing trade taken by an experienced trader like you, can possibly offer me more than seeing just another winner. If you agree and when you have time, please post some .
Hey, Thomas, that is not a weird request IMO. However if these 2 losing trades were correct setups that just lost, there would be nothing to analyze except showing the W:L ratio. But analyzing correct setups and INcorrect setups would definitely help with positive AND negative reinforcement of why and why not. I will gladly start posting some of my own again as soon as RJ confirms which standard template he would like to use, since I have added the MTF arrows and a few moving averages, which might be a bit much.
  • #15,887
  • Jun 30, 2013 4:59pm Jun 30, 2013 4:59pm
Quoting realjumper
The M15 Test Yes.....my M15 test is going ahead as planned. The first week is complete and the results are good. Just briefly: Number of Trades Taken: 13 Win / Loss rate: 11 / 2 Biggest single trade gain: +110 Biggest single loss: -25 Nett profit so far: +673 pips Average pips / day : 134.6
Anything will flourish in the right hands...

Congratulations!
mind over matter
  • #15,888
  • Jun 30, 2013 5:55pm Jun 30, 2013 5:55pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting wiz3003
ThomasK, I agree 100% maybe because I am an engineer too ;-) Let me add just a little thought ... Hol Grail is inside the trader not in the system. Even if we give the same rules to tens traders they will achieve completely different results. This is a very difficult business and it takes a lot of personal committement and efforts to succeed ;-)
Very true. The grail is you. Not being an engineer I am more impressed that in quantum physics matter changes when it knows it is being measured! To me, that points out to remain how to say, 'Flexible' rather than trying to be a perfectionist in trading. (flexible being unmeasurable..... )

Great to see Genesis maintained in some type of purity - I welcome this change back to basics.
  • #15,889
  • Jun 30, 2013 6:05pm Jun 30, 2013 6:05pm
Hello there everyone.....many thanks for the welcome back messages. I will answer your questions all in this post

Just let me say though, that it's good to be back and I think that a smaller but dedicated group of traders could be beneficial to us all. When I 'open the books' to see who else 'out there' wants to come in, Wiz and I will vet each applicant as carefully as we can and we will only let in those who we both agree on. If we can get the quality of this thread up to a high standard, but keep our sense of humour, then we are probably heading in the right direction.

Thank you all for your support......I appreciate it more than you probably realise

@thomasK - I'm putting together a document with more details re M15 trading. The test will keep going for another 3 weeks and that should give some decent data to analyse. I can post last weeks data if you like? Bear in mind that as we know that the Tokyo session has been very nice this year, quite a lot of trades begin during this time, which is a time that many of you are unable to trade. After this 4 week test is done. I will repeat it but I will change the M30 stoch for the H1 stoch and see if that makes things easier. Of course it's hard to make a direct comparison unless I am making entries, or at least taking notes, on the various stochs, which I'm not. But I think that there will still be some valuable conclusions to be drawn regardless. My 'gut feeling' so far is that the actual pips taken may not be hugely different because later entries are compensated for by less 'shake outs'. The pay off may be in terms of less intense chart watching, but it's too early to tell yet.

I also agree 100% with you comments to that poster who wants to 'adapt the system'....lol.....from the mouth of babies was the first thought that entered my mind when I read hi/hers post. How can you 'adapt' something that you don't understand?

@antantnz - It's a shame to have had to take this action, but 'needs must'. The reality is that I would rather have a few traders here who I know are dedicated and are serious about trading, than hundreds of traders all asking the same ol same ol day in and day out. I think I have been very tolerant over this past year but no matter what I do, people just won't help themselves. Well now they will have to....or else go somewhere else, and either way is fine with me.

@PipMonster1 - I'll post my M15 data so far later today when I have some time as I have a lot of things to do. As I said, I will continue this test for a further 3 weeks and then we'll have some good data to peruse. If you are going to go to M15 (more or less) straight away, perhaps you could keep some data as well? The more info we have the more complete the picture will be
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,890
  • Jun 30, 2013 7:14pm Jun 30, 2013 7:14pm
Posting Charts

As has been said, many of us have charts that use variations of Genesis, maybe with some extra MA's or whatever. We can't all post different charts because it makes a mess of the thread and it makes it harder of others to follow who are new to the system. So, below I have posted a basic Genesis chart. It doesn't matter whether you use the Arrows or the ASCTrend......whichever you prefer. This is the way I would like to see charts posted please.......colours are completely up to you of course!!

There is no need to have lots and lots of templates, or even change templates to achieve this. I have one template (the one you see below) named 'posting template' and it is always open, but minimised at the bottom of the screen.

When I want to post a chart I maximise my 'posting template' and go to the Market Watch menu of MT4, and simply drag and drop the currency pair I want to post onto the template. The dragged currency pair will take on the properties of the template and then I make my screenshot......post it to the thread and then minimise the 'posting template' again and carry on.

It's that simple.....just one chart set up as per the rules....then drag and drop from Market Watch when you want to make a screenshot to post.
Attached Image(s) (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,891
  • Jul 1, 2013 1:07am Jul 1, 2013 1:07am
Quoting realjumper
It has only been a week since I left this thread, and for me, the weeks break has been good. The week off also served another purpose. It made me realise that I love this system and I'm not prepared to see it, or this thread degenerate into a place of disorder and I'm not prepared to see the Genesis system destroyed by idiots who want to add all sorts of indicators to it, when they don't know the first thing about trading, and they don't even know how to read the first post! Such poor self discipline is why these people will fail in trading. Wiz3003,...


Hi RJ

It's feels really good that you are back, Genesis is perfect but still i would say without you its nothing. You and your team has done a wonder which I always appreciate and always will.
I just wanna say thank you so much from exempting me from this, and I ll prove that your judgement wasn't wrong about me
Hope I ll be a good team player, once again thank you so much

Cheer s
In Love with Genesis
  • #15,892
  • Jul 1, 2013 2:19am Jul 1, 2013 2:19am
Quoting SohaibKhan
{quote} Hi RJ It's feels really good that you are back, Genesis is perfect but still i would say without you its nothing. You and your team has done a wonder which I always appreciate and always will. I just wanna say thank you so much from exempting me from this, and I ll prove that your judgement wasn't wrong about me Hope I ll be a good team player, once again thank you so much Cheer s
You're welcome.

There will be others who have missed out this time around, and Wiz is extremely busy for the next couple of weeks, and I have got a lot on too, so people will just have to be patient. They can see see everything just the same so it's not the end of the world!

I'll be in and out throughout this session because I am trying to do several things at the same time!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,893
  • Jul 1, 2013 2:40am Jul 1, 2013 2:40am
Quoting realjumper
{quote} You're welcome. There will be others who have missed out this time around, and Wiz is extremely busy for the next couple of weeks, and I have got a lot on too, so people will just have to be patient. They can see see everything just the same so it's not the end of the world! I'll be in and out throughout this session because I am trying to do several things at the same time!!


If you need any help regarding backtesting/anything you are welcome
In Love with Genesis
  • #15,894
  • Edited 3:20am Jul 1, 2013 3:03am | Edited 3:20am
First entry of the day on NZDUSD ....

Reasons for entry :

  1. Stochs good
  2. Price action had had 3 attempts at going higher and failed
  3. Arrow & m15 arrow forming
  4. Although not a lot of room down to DP, enough to make a small profit and more if it carried on through

If anyone is wondering why I didn't take the first lot of red dots, it's because it was before LO and at present I don't start taking opportunities until after LO.

So far the trade is doing exactly as predicted ... of course, it's doing that because I had to close the trade early at BE for real world distractions (at that point in time, wasn't confident it would do what I wanted, and considered too risky to leave unmonitored). Ah wells, happy with the entry at least.

Attached Image (click to enlarge)
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1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,895
  • Jul 1, 2013 3:19am Jul 1, 2013 3:19am
Quoting antantnz
First entry of the day .... Reasons for entry : Stochs good Price action had had 3 attempts at going higher and failed Arrow & m15 arrow forming Although not a lot of room down to DP, enough to make a small profit and more if it carried on throughIf anyone is wondering why I didn't take the first lot of red dots, it's because it was before LO and at present I don't start taking opportunities until after LO. So far the trade is doing exactly as predicted ... of course, it's doing that because I had to close the trade early at BE for real world distractions...
Yeah...the entry was good. Which pair was that?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,896
  • Jul 1, 2013 3:20am Jul 1, 2013 3:20am
Quoting realjumper
{quote} Yeah...the entry was good. Which pair was that?
Doh!

NZDUSD ... have updated the post ...
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,897
  • Jul 1, 2013 3:27am Jul 1, 2013 3:27am
Quoting antantnz
{quote} Doh! NZDUSD ... have updated the post ...
Ahh ok...thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,898
  • Jul 1, 2013 3:29am Jul 1, 2013 3:29am
USD Index Daily chart

It's going to be interesting to see whether the greenback can make it another week of progress....looks like it has reached a level of 'make or break'.....
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,899
  • Jul 1, 2013 8:13am Jul 1, 2013 8:13am
It's been a slow start to the week...but for me it's ok because I had so much to do so I couldn't watch the charts too closely....news in about 50 minutes might shake things up...if not....Tokyo session tomorrow will be the next chance for me.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,900
  • Jul 1, 2013 1:24pm Jul 1, 2013 1:24pm
First trade last night in Asia, UJ. Took forever to reach TP about 1:1.
Attached Image (click to enlarge)
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