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Genesis Matrix Trading

  • #17,861
  • Sep 16, 2013 5:43am Sep 16, 2013 5:43am
Quoting Martyfish
RJ, I would never question your ability to design a comprehensive strategy. I find the biggest problem, is when waking each morning, what kind of market we will have "today". Scouring H4 & H1, for potential setups. I couldn't possibly imagine being able to assess in advance that, the market was suitable for M1 scalping. Re markets that, as you said, bounce around, all I do is trade with my HTF stoch. Just putting the thought out there, that, if anyone wishes to follow, M1 trading takes a huge amount of discipline to trade, as signals come and...
I understand your concern Marty, but if we are trading with the trend, then it doesn't really matter what TF the trader uses. If we were going to trade both ways, then I would share your concern.

When I get up and see Tokyo open, I too don't know what will happen on that day.....but if I trade with the trend, then I will be fine. If the trend changes at that moment, my small SL will get hit......as it would on the M5 just the same!! I will either 'buy the dips' or 'sell the rallies' depending on the trend, and that doesn't really change no matter what TF is employed.

Scalping, generally speaking, (as far as I know) is taking a few pips *regardless* of any trend. That's not what I'm saying.....I always will go with the trend so I don't really see a problem......yet....but it's only day 1 of 20
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,862
  • Sep 16, 2013 6:10am Sep 16, 2013 6:10am
I dont doubt your ability to trade on any TF !!

I love it, here is Marty, trying to convince RJ not to change anything re Genesis

Good luck with your testing !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,863
  • Sep 16, 2013 6:17am Sep 16, 2013 6:17am
Quoting Martyfish
I dont doubt your ability to trade on any TF !! I love it, here is Marty, trying to convince RJ not to change anything re Genesis Good luck with your testing !!
You make some valid points Marty, and I always value your input. At the end of the test we'll know for sure whether there is any value in trading the M1, and if there is anything we can take from that test to improve M5 trading, or whether it was all a waste of time!! LOL
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,864
  • Sep 16, 2013 7:09am Sep 16, 2013 7:09am
RJ,

You know I value your opinion, and I thank you, for allowing me a little freedom to express mine.

I think at the end of the day, the TF you trade is possibly more important than the strategy, something you feel personally comfortable with.

Having tried for too long to trade M5/M1 (mind you, with a vastly inferior strategy), I realised, those TFs weren't for me.

But that is something for each person to assess.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,865
  • Sep 16, 2013 3:54pm Sep 16, 2013 3:54pm
Interesting and informative discussion

Good luck for your Mums op RJ

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,866
  • Edited 5:32pm Sep 16, 2013 5:22pm | Edited 5:32pm
Quoting Martyfish
RJ, You know I value your opinion, and I thank you, for allowing me a little freedom to express mine. I think at the end of the day, the TF you trade is possibly more important than the strategy, something you feel personally comfortable with. Having tried for too long to trade M5/M1 (mind you, with a vastly inferior strategy), I realised, those TFs weren't for me. But that is something for each person to assess.

It's always great to hear from you Marty....we may not agree on everything, but that's not what's important.....the discussion is important and it's good to hear things from your point of view.

I traded M1 some time ago, on another system and had a mixed result. I ended up flagging it because the market moved too fast and I ended up becoming a lost sheep...so to speak! I'm giving it another crack because 1) I'm a better trader now that I was then, 2) because Genesis is a million times better than what I was attempting to use before, and 3) to see if I can come up with a strategy to take money from the bank in markets such as yesterdays GJ. Of course I had an early night last night, and hindsight is 20/20, but it looks like the normal Genesis system would have kept GJ traders out of the market on M5 yesterday, but m1 would have given a few nice swings.

Like I said though.....(very) early days yet
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,867
  • Sep 16, 2013 5:28pm Sep 16, 2013 5:28pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
All the best for Mum RJ. Tidy your room -- she will be able to see better!!

I did 2 trades M1 on UJ, both came to BE stop out. I should have taken the +10 but nimble fingers need training. I'm sure if I had taken those trades off M5 I would have probably moved into a loss position quite quickly. M15 would have been no trade at all. Looking back at M15 chart I see nothing there that would have given pips (in my timezone)
Great to see the different points of view here.
All trends must start in M1. I see it as potentially getting entry at an excellent place. I don't see it as a beginners case for Genesis. Having been introduced to e-mini futures on a tick chart I have experienced that disaster! It is beyond explanation. However, Genesis still applies and good entry followed by position management up the time-frames may just be what is discovered by the end of the Month.
I hope some type of volatility returns and will be watching M1 just to see how it looks.
  • #17,868
  • Sep 16, 2013 5:29pm Sep 16, 2013 5:29pm
Quoting jjre65
Interesting and informative discussion Good luck for your Mums op RJ J
Thank you

Mum is now at tucked up in bed after the operation and all is well. I have to take her back tomorrow and if all is well, then daily eye drops is all she will need. Then the other gets done in November. It will be great that she will be able to see and enjoy Christmas and the summer.

On a side note, the operation cost $4,500 (per eye), and the surgeon will do 7 operations today. Even if he keeps only 10% of the fee, it's still a lot of money per day. The cynical side of me wonders whether it would be more in keeping with the doctors oath to heal people, if they were to make the operation more affordable, as many people must surely be on a long waiting list for public hospital treatment because they can't afford the fee....hmmm

Anyway...so far so good, so now I'll have a siesta and back for trading later.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,869
  • Sep 16, 2013 5:29pm Sep 16, 2013 5:29pm
Quoting realjumper
{quote} It's always great to hear from you Marty....we may not agree on everything, but that's not what's important.....the discussion is important and it's good to hear things from your point of view. I traded M1 some time ago, on another system and had a mixed result. I ended up flagging it because the market moved too fast and I ended up becoming a lost sheep...so to speak! I'm giving it another crack because 1) I'm a better trader now that I was then, 2) because Genesis is a million times better than what I was attempting to use before, and...
It mat be a real leap forward for traders who have limited time to trade while they are working towards becoming professional traders.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,870
  • Sep 16, 2013 7:12pm Sep 16, 2013 7:12pm
Quoting realjumper
{quote} Thank you Mum is now at tucked up in bed after the operation and all is well. I have to take her back tomorrow and if all is well, then daily eye drops is all she will need. Then the other gets done in November. It will be great that she will be able to see and enjoy Christmas and the summer. On a side note, the operation cost $4,500 (per eye), and the surgeon will do 7 operations today. Even if he keeps only 10% of the fee, it's still a lot of money per day. The cynical side of me wonders whether it would be more in keeping with the...
Kudos to you for all that you are doing for your mum. Something I have a lot of respect for!

As for the Dr's fees, I agree, but we live in a capitalist marketplace and if you pay peanuts you will get monkeys. The higher fees are a requirement of any industry that wishes to attract the highly skilled individuals, who not only will dedicate themselves but most importantly innovate and advance the field of knowledge. Is the system perfect? Far from it, but its the best option available given our circumstance.

I guess thats why I am attracted to Forex...

Anyway, looking forward to the results of the M1. It could be great for someone like myself that only has access to the market for a short time each day. Furthermore the knowledge you will gain by experimenting in this way could filter through to the other TF techniques. I read this thread everyday, humbled by the knowledge that is shared with us all.
  • #17,871
  • Sep 16, 2013 7:26pm Sep 16, 2013 7:26pm
Thought I might add a feminine accent to all the wishes
Attached Image
mind over matter
  • #17,872
  • Sep 17, 2013 12:36am Sep 17, 2013 12:36am
Quoting kosmo
Thought I might add a feminine accent to all the wishes {image}

Thank you Jo.....I'm going to save that and show it to Mum when her eye patch comes off
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,873
  • Sep 17, 2013 1:11am Sep 17, 2013 1:11am
Quoting Simon H
{quote} Kudos to you for all that you are doing for your mum. Something I have a lot of respect for! As for the Dr's fees, I agree, but we live in a capitalist marketplace and if you pay peanuts you will get monkeys. The higher fees are a requirement of any industry that wishes to attract the highly skilled individuals, who not only will dedicate themselves but most importantly innovate and advance the field of knowledge. Is the system perfect? Far from it, but its the best option available given our circumstance. I guess thats why I am attracted...
Yep....capitalism...I wonder if it's all it's cracked up to be
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,874
  • Edited 3:16am Sep 17, 2013 2:52am | Edited 3:16am
Pips have been harder to come by. Thanks to RJ for continuing to look for ways to help us trade more profitably, and also to Marty for sharing with us his insights. Discussions like this, from experienced and profitable traders, are what makes this thread great!
  • #17,875
  • Edited 5:04am Sep 17, 2013 4:49am | Edited 5:04am
Escaped with a couple of 13pip trades on GU, basically just on re-entries bouncing off the DP using M1 (with M5 chart already having been in trend). First one after London Open, and the second a few bars on M5 after the GU news.

The GU day low is really having a hard time breaking, although I'm sure after I've taken profit and posted this, it will break in a few minutes.

Just to clarify ... I only trade on M1 for re-entries, when M5 have already been in trend or prior genesis signal occurred. I still prefer the sanity of M5 trading, where I'm already too slow there.
  • #17,876
  • Sep 17, 2013 12:59pm Sep 17, 2013 12:59pm
Quoting realjumper
{quote} Thank you Mum is now at tucked up in bed after the operation and all is well. ...........hmmm Anyway...so far so good, so now I'll have a siesta and back for trading later.
Hi RJ,

Wishing your Mum all the best and a speedy recovery.

Even though I have not been posting for a while, I have been a regular reader. Due to work commitments, I have not been trading regularly. Many thanks for your constant endeavour to help us with the System. Your 515 testing was a particularly big boost to me and improved my results significantly. Last few weeks were very busy for me at work and hence could not put any live trades. However, the market was not particularly favourable during this period anyway. Will follow your Min1 results with interest. I am, at the moment, sticking to the Original Genesis plus 515 whenever time permits and markets look tradable.

Wanted to express my best wishes to your Mum and thanks to you.

Regards.
What the mind does not know, the eyes cannot see
  • #17,877
  • Sep 17, 2013 7:13pm Sep 17, 2013 7:13pm
Quoting padila
{quote} Hi RJ, Wishing your Mum all the best and a speedy recovery. Even though I have not been posting for a while, I have been a regular reader. Due to work commitments, I have not been trading regularly. Many thanks for your constant endeavour to help us with the System. Your 515 testing was a particularly big boost to me and improved my results significantly. Last few weeks were very busy for me at work and hence could not put any live trades. However, the market was not particularly favourable during this period anyway. Will follow your Min1...

Mum is enjoying a beautiful Spring sunny morning today......thank you for your nice wishes. I have to take her back to have the dressings changed shortly, but all is looking good

It amazes me how they do operations on the eye (that takes about 45 minutes) and the patient is awake!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,878
  • Sep 17, 2013 7:18pm Sep 17, 2013 7:18pm
I'm hoping to be able to trade more or less back to normal times now, so I should be here as per usual. I'm made a couple of slight changes to the M1 trading method, but I won't go into it at this time because it's likely that there could be more changes as the test progresses and I get used to this TF and I don't want to you all to follow my untested test (lol) and lose money.

For now, I would urge you all to stick to what we already know and just wait until the M1 test is complete. I'm trading for small lot sizes on this test so my account won't suffer too much if it all turns to custard
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,879
  • Sep 18, 2013 1:56am Sep 18, 2013 1:56am
Full moon here................................hopefully that will awake the Beast
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,880
  • Sep 18, 2013 1:59am Sep 18, 2013 1:59am
Quoting jjre65
Full moon here................................hopefully that will awake the Beast
FOMC at 6am (Kiwi time), so perhaps nothing much will happen until then. I'll have to drag myself out of bed for that I think
Doing what you like is Freedom. Liking what you do is Happiness.
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