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Genesis Matrix Trading

  • #16,841
  • Edited 4:50pm Aug 10, 2013 4:13pm | Edited 4:50pm
Why I’m Deeply Worried About Japan – And Why Betting On The Collapse Of JGBs Is A Horrible Idea

Interesting article above, and here's a post I made 3 years ago on the subject.

Japanese politicians are super muppets...and there is a never ending line up of them!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,842
  • Aug 10, 2013 8:06pm Aug 10, 2013 8:06pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Cheers thread readers and participants!

RJ, Japan sounds like a disaster waiting to happen. That's what I think of, how clever they were after copying everything ever made and then being No1 with cars, motorbikes, eggbeaters etc etc to be so in debt now??? My budgeting is working better than theirs!

Seeing how Genesis works out in someone else's account will be great. I am playing the Genesis game and can report my daily totals for this week as +11 pips. Now that is nearly a 300% increase on last week!
There were 2 losses in there that need not have been. I will just say how strong psychological influences are -- the error messages say "impatience" "missing out" and "just exited one trade so of course your an expert now". The only improvement on these loosing trades was that I made them with smaller lots. That didn't make me any cleverer!!!!

Looking forward to another round! Major thing is account in growth mode!!! Permanent gratitude to thread!!!!
  • #16,843
  • Aug 10, 2013 8:34pm Aug 10, 2013 8:34pm
Quoting PipMonster1
{quote} Yes, it's a good read jj but I think the book should be called "Visualisation is Paramount". PM1
I really like the concept of "only acting in your own best interests"
Ive ordered the new version of Dr Maltzs book Psycho Cybernetics

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,844
  • Aug 11, 2013 3:17am Aug 11, 2013 3:17am
Quoting jjre65
{quote} I really like the concept of "only acting in your own best interests" Ive ordered the new version of Dr Maltzs book Psycho Cybernetics J
Well that's what its all about in the end. I mentally rehearse trades, the day ahead and have self affirmations (getting personal now but..) before starting to trade each day. I actually stopped ( read - lazy) for a while and my trading results suffered. This stuff actually works.

PM1
  • #16,845
  • Aug 11, 2013 12:12pm Aug 11, 2013 12:12pm
Quoting PipMonster1
{quote} Well that's what its all about in the end. I mentally rehearse trades, the day ahead and have self affirmations (getting personal now but..) before starting to trade each day. I actually stopped ( read - lazy) for a while and my trading results suffered. This stuff actually works. PM1
Im all for it

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,846
  • Aug 11, 2013 5:55pm Aug 11, 2013 5:55pm
Interesting market reaction to JPY news RJ

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,847
  • Aug 11, 2013 5:56pm Aug 11, 2013 5:56pm
Quoting PipMonster1
{quote} Well that's what its all about in the end. I mentally rehearse trades, the day ahead and have self affirmations (getting personal now but..) before starting to trade each day. I actually stopped ( read - lazy) for a while and my trading results suffered. This stuff actually works. PM1
Yep....there's plenty of people around who would scoff at such a statement PM1, but those same people will almost certainly be the ones who are losing (mostly) due to the fact that their emotions get the better of them...lol...the hypocrisy!!

I have a friend who says he get's nervous every time he enters the market and he wishes that this feeling would go away. My view is that this will never go away....call it nerves or apprehension or fear or anything else, but I don't think it will go away ever.....it might diminish as we get better and better, but it will never go away.....and to me, this is a good thing because:

When I jumped out of an airplane for the first time, I was well trained, had faith in my equipment, but I was scared.....really scared. But I did it anyway! I don't remember too much of that first jump, they call it 'sensory overload.' Anyway, once I landed I assumed that I had conquered my fear and so I immediately went up again for jump number 2. As we approached the right altitude my fear came back, just as strong as before...I even remember thinking 'what a dick I must be....I just was in this same position and I was (pardon me but..) shitting myself, and here I am again.....why did I place myself in this same situation again? To cut a long story short.....years later and more than 1,000 jumps completed, I *still* get those butterflies as we approach altitude. I'm not scared like I was in the beginning, but I definitely have those butterflies. I think those butterflies are there for a reason......they make me check my equipment (again), I check other peoples equipment and I get them to check mine....I close my eyes and rehearse the jump in my head.....I check that the aircraft is in the right piece of sky.....I check that no other aircraft are close.....I check my equipment again and rehearse my emergency procedure.....then the jump proceeds.

The point is that those nerves make me check and double everything that it's possible to check because when I exit the aircraft, in a little over a minute my life will end, unless I act to save it!!

I think a very similar thing happens in trading. When we are preparing to enter a trade, we know what the consequences of the trade going bad can be, and we have an emergency procedure (SL) for that. We check our equipment (Matrix, stoch etc etc), we rehearse our trade (S/R, BRN,TP etc) and when everything is done, we enter the trade.

Those nerves that keep me safe in the sky, also keep me safe when I trade. If I enter a trade in a slap-happy manner without a care in the world, I will probably lose....and as long as I have that attitude, I will lose!

So for sure I think that emotions play a part in trading, but we need to use them to our advantage, not let them get the better of us. And yes, as you say, visualise (or rehearse) the trade, including the emergency exit.

Any muppet can click the mouse to enter a trade, but if our head is not in the right place, we may regret that click!!!

IMO...of course!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,848
  • Aug 11, 2013 5:57pm Aug 11, 2013 5:57pm
Quoting jjre65
Interesting market reaction to JPY news RJ J
Yes, no follow through on EJ and GJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,849
  • Aug 11, 2013 6:08pm Aug 11, 2013 6:08pm
Quoting realjumper
{quote} Yep....there's plenty of people around who would scoff at such a statement PM1, but those same people will almost certainly be the ones who are losing (mostly) due to the fact that their emotions get the better of them...lol...the hypocrisy!! I have a friend who says he get's nervous every time he enters the market and he wishes that this feeling would go away. My view is that this will never go away....call it nerves or apprehension or fear or anything else, but I don't think it will go away ever.....it might diminish as we get better and...
Ive been a chef for 30 years and I still shit myself before a busy service
Its not panic, just a healthy understanding that if Im not properly prepared, and I havent prepared my team properly it can all go south very easily.......which is not fun

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,850
  • Aug 11, 2013 6:10pm Aug 11, 2013 6:10pm
Quoting realjumper
{quote} Yep....there's plenty of people around who would scoff at such a statement PM1, but those same people will almost certainly be the ones who are losing (mostly) due to the fact that their emotions get the better of them...lol...the hypocrisy!! I have a friend who says he get's nervous every time he enters the market and he wishes that this feeling would go away. My view is that this will never go away....call it nerves or apprehension or fear or anything else, but I don't think it will go away ever.....it might diminish as we get better and...


If everyone tried it for 1 week - they might be scared of what they become.............a good profitable trader.

I didn't realise I had an issue with making lots of money fast AND KEEPING IT!! That was the hard part............once I recognised that within myself and addressed it I have become a better trader....not the best trader I can be but I am well on the way. The hard part is to honestly step back and look at yourself, your beliefs and your trading - *enter* Trading Diary......not everyone keeps them because in the end they are afraid of what they are going to see. The mirror only shows so much...look within!


PM1
  • #16,851
  • Aug 11, 2013 6:15pm Aug 11, 2013 6:15pm
Quoting PipMonster1
{quote} If everyone tried it for 1 week - they might be scared of what they become.............a good profitable trader. I didn't realise I had an issue with making lots of money fast AND KEEPING IT!! That was the hard part............once I recognised that within myself and addressed it I have become a better trader....not the best trader I can be but I am well on the way. The hard part is to honestly step back and look at yourself, your beliefs and your trading - *enter* Trading Diary......not everyone keeps them because in the end...
Fear of succeeding is very real in many people
Im researching it to find out if its me, and change it if it is
Good on you PM1

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,852
  • Aug 11, 2013 6:21pm Aug 11, 2013 6:21pm
Quoting jjre65
{quote} Fear of succeeding is very real in many people Im researching it to find out if its me, and change it if it is Good on you PM1 J
To be honest, and this works for me, I trade for ME. I don't trade for my family, for fun or to pass time but to make money. If I start thinking and acting otherwise I am not centered or concentrating on the job at hand. Thinking about family etc introduces emotions - you have to check emotions at the door to succeed at this business. On the topic of being successful - give yourself PERMISSION to be successful...............it will naturally flow!!!

Deep stuff for a Monday morning - coffee time!!

PM1
  • #16,853
  • Edited 6:44pm Aug 11, 2013 6:32pm | Edited 6:44pm
Quoting PipMonster1
{quote} To be honest, and this works for me, I trade for ME. I don't trade for my family, for fun or to pass time but to make money. If I start thinking and acting otherwise I am not centered or concentrating on the job at hand. Thinking about family etc introduces emotions - you have to check emotions at the door to succeed at this business. On the topic of being successful - give yourself PERMISSION to be successful...............it will naturally flow!!! Deep stuff for a Monday morning - coffee time!! PM1
Personally, I find covering this stuff very helpful.
RJ has shown us how to use GMX, and really, its not difficult. We have been given a great set of tools. Everything else is the hard part.
Im sure we could all pick HPTs all day long. But thats not the point.
Ive known some very talented people who went on to sell themselves way short. I dont think they had a good self image, rudderless. They didnt do anything wrong, they just werent actively helping themselves along the way.

J

Edit: RJ and the GMX Team
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,854
  • Aug 11, 2013 11:29pm Aug 11, 2013 11:29pm
A quiet news day ahead................

PM1
  • #16,855
  • Aug 11, 2013 11:35pm Aug 11, 2013 11:35pm
Quoting PipMonster1
A quiet news day ahead................ PM1
Yeah it is...still.....there's plenty of room for all the pairs to move when looking at their ATR's.....perhaps they have something in store for us...hmmmmm
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,856
  • Aug 12, 2013 12:05am Aug 12, 2013 12:05am
Quoting realjumper
{quote} Yeah it is...still.....there's plenty of room for all the pairs to move when looking at their ATR's.....perhaps they have something in store for us...hmmmmm
RJ,

Do you have a simple ATR indicator, with values, that doesn't have a heap of junk attached with it?? I keep finding atr indicators with extras.

PM1
  • #16,857
  • Aug 12, 2013 12:11am Aug 12, 2013 12:11am
Quoting PipMonster1
{quote} RJ, Do you have a simple ATR indicator, with values, that doesn't have a heap of junk attached with it?? I keep finding atr indicators with extras. PM1
I use the LFL-ATR indi as supplied by Olivia, but I have all the lines coloured as invisible so I don't get lines on my charts. I just get the text in the top left of the charts that shows Todays movement (in pips), ATR, ATR Projection Up and ATR projection Down. All I ever look at is 'Today' and 'ATR'. As long as the lines that indi draws are invisible, it keeps my charts pretty clean. The Indi is here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,858
  • Aug 12, 2013 12:13am Aug 12, 2013 12:13am
Quoting realjumper
{quote} I use the LFL-ATR indi as supplied by Olivia, but I have all the lines coloured as invisible so I don't get lines on my charts. I just get the text in the top left of the charts that shows Todays movement (in pips), ATR, ATR Projection Up and ATR projection Down. All I ever look at is 'Today' and 'ATR'. As long as the lines that indi draws are invisible, it keeps my charts pretty clean. The Indi is here
Invisible lines - of course..............why didn't I think of that. Thanks RJ.

PM1
  • #16,859
  • Aug 12, 2013 12:18am Aug 12, 2013 12:18am
Quoting PipMonster1
{quote} Invisible lines - of course..............why didn't I think of that. Thanks RJ. PM1
I think you must be suffering a coffee deficiency!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,860
  • Aug 12, 2013 12:23am Aug 12, 2013 12:23am
Quoting realjumper
{quote} I think you must be suffering a coffee deficiency!!
Finished night shift this morning and I've had 1hrs sleep today. I don't trade on these days but I still like to keep in the rhythm...
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