Genesis Matrix Trading

With draghi speaking that was not very wise I would say.

You're surely right, but it's not the first time that Genesis shows the right way around news time.

Cheap SL and the ASCTrend shows increasing bearish activity throughout the day....plus the rejection of the DP....all in all I reckon that's a very acceptable risk Jo

Thank you for supplementing my limited analysis, RJ

You're up, so it's high time for me to go to sleep! But second reading of the thread is as much if not more exciting as the first...

Good trading and see you around LO

You and me both (second reading). It's cool to see the evolution. Nice trade too.

Congrats RJ on the 16000th post, haha

Question that was raised during your brief hiatus.... would you and Wiz like/approve of live trades if/when possible posted with a chart? Or do you prefer we just post charts of completed trades (or trades that are well along) whether they are winners or losers?

I assume if we post live trades it would be good to follow up with a chart of the outcome for future readers....

16,000 posts......wow.....with that much yappin we could probably get membership on the EU speaking circuit!!

You raise some good points regarding 'live' trades etc and the answer is going to be a little more in depth to explain what I mean. But before I start, the short answer is, yes, I would like to see more live trades *where possible*, and it doesn't matter if they are winners or not. There is much to be learned by seeing live trading, but there is also much to be learned by seeing completed trades....good or bad outcome.

Sometimes it's just not possible to post a live trade, especially in the M5 TF because it's not only the actual time it takes to make a screenshot, post it together with analysis, update the analysis etc etc....it is also placing more pressure on the trader and limits their ability to look for other potential trades.

So I'm under no illusion that live trading is just a simple matter of posting a chart, it's more than that and I would never expect anyone to make a habit of doing it....I certainly don't, but I do it when I can.

So that's the short answer

Now, if you surf around FF you will see people who scoff at a system or method because a) there are no live trades posted, and b) because they see no attached Trade Explorer from the thread starter. Such comments are made mostly by muppets looking for the holy grail and actually putting in zero effort to explore and test the system. Muppetdom is not limited to newcomers......I have kicked out several 10v+ muppets because they have obviously skim-read Post #1, seen that there is no Trade Explorer (TE) attached and then condescended to pass judgement on the system......which is an act of extreme arrogance and disrespect!

So....I think I have pretty much covered the 'live trade' issue above. So lets talk about the TE issue.

Firstly, I can't attach a TE to this thread even if I wanted to because my broker's platform is not compatible with the TE application.

Second....the TE application is a great tool for examining my own trades and performance because it covers so many variable at the click of the mouse. It is certainly an amazing tool to examine one's own performance.

However, the senior muppets will say that 'if the system really is as good as it claims to be then why not have a TE?'. The inherent danger in that is that I can trade this system very well. There are a few who can trade it better than I, but the point is that I can trade this system which I present to you all......of course I can trade it....why else would I bring it?!?!?!

Now......if I could attach a TE, it would show some very good results.....and I say that as a matter of fact, not as a show of arrogance. If a relative newcomer happens along and see's the TE, his first reaction is going to be. "wow...look at this....yippee, I'm going to subscribe and make shit loads of money!!"

You can see that happening, right?

Yet from experience we know that he will read the first post, and few others, and then download the indicators, ask a zillion questions that have been answered countless times before......lose money.....diss the system......and quit!!!

Why did he quit? He saw the excellent results for the TE.....yet he lost money, said that the system was all crap and then left. Why? Simply because he didn't take the time to read through most of the thread, and he didn't spend time testing and learning from other people.

So what did the TE do for this guy?.......it did nothing except assist in him burning his account. It didn't burn his account for him, he did that himself, but it certainly didn't help!

The TE would prove that *I* can trade this system.....and that's all it would prove.

Some guy just walked across the Grand Canyon on a tightrope.......that proves it can be done, but does that mean that we can all do the same??? Of course not.....yet that is what happens with a TE.......and I have no wish to be complicit in someone losing their account!!

The best thing is, as we keep saying, read and understand Post #1 and it's various links, read the thread, and test the system.

There are no short cuts!!

Soooooooooo..................to come full circle, yes, live trades are welcome.....yes, past trades are welcome.......yes, winners and losers are welcome. We can learn from each of these thing

RJ

Perfect. If/when possible I'll post up some live trades then. I'll also follow up with a chart when I close said trades so that readers that are reading the posts after the fact can see the outcome. Seeing a snapshot of each trade when I entered and then seeing the snapshot of the trade as I exited (from my trade journal) reinforces great trades and helps to see mistakes when I go over each one on the weekend.

Sounds good. Posting live trades, when possible, also has another benefit......it keeps everyone honest, and it helps us to stay more disciplined. It's human nature to be seen as a winner, not a loser.....so it makes sense that if someone is going to post a live trade, they will try to pick the perfect entry and post that trade. Picking the perfect entry, and indeed having the discipline to wait for the perfect entry can only be a good thing

Very true =)

Hi, all. I wanted to post this for 2 reasons: 1) to speculate on winners and losers, and 2) to comment on my trading growth. Sorry if this is a bit long-winded.

1) In the AJ chart below I show both a losing trade and a winning trade. Both are sell trades in what appears to be an up trend. Is that wrong? Is that counter trend? The second trade certainly looks a little better for one reason, is that price stopped at yesterday's high. As for the losing trade, I noticed that the Genesis matrix did not stay all red on the very next bar following the signal. I noticed the exact same thing on a losing NJ trade. Is that a sign that the trade is not going to work and a quick exit is called for? Something to watch.

2) I almost stopped trading Genesis. Why? (Especially after taking the time to read all 800 pages. I remember chuckling a little bit when I got to page 250 and read comments from people who said they had read the entire thing twice... and I looked up and sighed, "only 500 pages to go".) I have been letting my emotions get in the way. Since I can only trade the Asia session without disrupting my sleep pattern considerably, which makes it very difficult to trade clearly, I have been trying to find something that works during that time, and I believe that many of the rules and indicators that people use for the London session simply do not work the same way in the Asian session. I was looking at a very simple moving average system, but wondered if I was making a mistake (again) to switch systems. I asked my friend whose opinion I trust, and he said yes it was a mistake, and that Genesis would work fine in the Asian session.

I then did a very in-depth analysis of all the trades I could find during my trading hours from Tokyo open to about five hours later for yesterday on the nine different pairs that I am currently watching. Yes, this is only one day and the results are not as valid as they would be for a much larger testing period (but that part takes SO long), and I realized that none of the additional (Genesis) indicators or moving averages that I had added to my chart and trading rules, really had a significant impact on picking better trades. Most of them were right about 50% of the time and many much less. In fact it all the trades taken that day there were three losing trades out of 17 total and in every single trade the M15 arrow was pointing the opposite direction; but that is in Asia. I'm sure it works better in the London session. So now I'm down to the basic setup with the Genesis matrix (1) and the 2 stochastics and pivots (although I am currently aiming for 2x profit with a move to breakeven at 1x).

(RJ, if it's okay, I'd like to post my modified pivot indicator.)

I also realize it is very difficult for me at this point to sit and watch just one trade, especially if it immediately goes into draw down and stays there for a long time, so I decided not to close any trades early for a small loss, unless there was a very good reason for it. I also have to look away from the charts until the next M5 bar shows up, otherwise I start agonizing over each trade and where it's going to go. Therefore, I made quite a few trades tonight, maybe too many, maybe not, but I ended up with over 3% profit which is the best day that I've had for a very long time, even if it is demo which I trade as if it were a real money account.

Still learning.

Hi eric,
I am surely the last trader who can gives suggestion ... but have a look at your chart below (I just added an orange TL). I like to have some space beetwen my entry point and the closer potential trafic area.

ciao

wiz

Good point wiz.

Something else that no one has mentioned (to my knowledge) on this thread, but something that I pay particular attention to......and those of you still treat the stoch as an 'oversold/overbought' indicator failed to notice and take advantage of.

Study Eric's 2 stochs....the second trade is correct and the first one is not.....and I wouldn't even need to see the rest of the chart to know this.

Study the stochs and see if you can see what I see.......

Divergence??? Hhmmmmm

Stox hasn't turned over??

Can I be first?
It is hard to tell but I think in trade 1, although the M15 stoch has crossed it is really still heading upwards. The red line anyway. I do better with the whole chart and have the perfect vision always afterwards. I am not too positive with this reasoning and will accept a "fail" if necessary.

The trade 2 stoch is certainly headed downwards and spreading nicely.

Well....we have everyone looking closer at the stoch...yipee!!

I have added the '80' line (as close as I can get it) with the yellow horizontal line. This line is the 'line in the sand' that says whether the PA is overbought or not. Now, given that we know that the stoch can stay overbought and the price can still climb hundreds more pips to the north, it is not wise to short in an uptrend while the stoch is still not yet clear of the '80' line. I must admit to doing exactly that myself on occasion, but I do try to stop myself from doing it. Until the stoch is clear of the 80 line, the uptrend may not yet be over, and so it might pay to hold on a little while to see what happens next.....Nothing is guaranteed, but it helps...fwiw

My 3 Entries Today

GBP AUD SL Moved to +20

GBY JPY SL moved to BE

Righteo Rj I like it very much. My last attempt where I thought I saw something was that the M15 stoch had done that before without any resulting move downwards by price but I see it better now that it was just staying high.

Great trades Sohaib.

Yeah...like I say, there are no guarantees, but more often than not, it will keep you from getting into a bad trade.