Genesis Matrix Trading

Live video of Bernanke yappin is here

Thanks for the link

Good advice and main points here

OK Guys I go watching my football team playing the European Champion Leage.
Have a great night/day
see you tomorrow.
ciao
wiz

Ok Wiz...I'll be watching the America's cup yachting shortly.......watch out Oracle woohooooooo!!!

Go Team New Zealand....1 more win and it's all over for Russell the rat!!!

Morning/evening Genesis traders,

Took EA long after bounce off DP. Closed for +24 pips.

Looks like we have a little volatility back !!

EJ is stonking along

Is everyone being modest about the great gains they are making or are we all paralysed by the sudden PA?

J

Nothing wrong with a little modesty.

Was just surprised after the big moves this morning, no one was posting their charts

Hence my post Marty
PA is on the go and its tumble weed time as far as posts go
Im guessing everyone is concentrating on exit strats

Cheers J

EDIT: not sure if its ok to address you as Marty..............I know I post alot and it probably pisses some traders off but Im an interactive type....and love Genisis.

J

EDIT: GENESIS

+168 for me today. All M1 entries, but I won't go into that as I said here

Not going to trade any of NY session because I want to get up early to see Team New Zealand cancel the ass of Larry Ellison and Russell the rat Coutts tomorrow morning..........

RJ,

Thats is an impressive sight (the boat, I mean).

Been watching a few races, but late at night for me usually only see the first race of the "day".

+168 is pretty impressive as well !!

I am languishing on + 135 pips

Closed my EJ far too early - damn !!

Cant believe it , it is getting close to 135 !!! Astonishing

Oracle lives to fight another day.....they won the first race, and it was an impressive win.......race 2 cancelled due to too much wind, so Team New Zealand will have to try again tomorrow....

mmm, watched race 1, hoping that would be "THE" race, not to be.....Team NZ need to get that last race tied down soon.

They really do!

For those that follow Team NZ (probably not a whole lot of us, but still) , I think there's a good analogy in preparedness in there ... by the time they got to the finals, Team NZ had spent over 100 days on the waters of San Francisco training - far more than any other team (even Oracle I believe). So when the final's started, they were already streets ahead of their competitors. The lesson - preparedness.

The other lesson - not counting your chickens. Every day, regardless of win or lose, Team NZ go through the same process. They don't let their expectations get in front of them - they focus on the race at hand, and give it their all. The lesson - concentrate on the trades, don't start counting your $ until the trade is closed, because at any point in that trade you could get easily blown off the course!

One of the other possible reasons for the quietness is that on days like yesterday, where large trends have already been in play a long time prior to LO, is that for the less experienced traders, who are still waiting on the good m15 stoch setups and/or sticking solidly to their rules, the opportunities don't actually present themselves all that much.

Yes, there were what I would class "re-entry" opportunities on the pairs I trade, but, for me, re-entries are still a bit of an untamed beast. On a day like yesterday you could probably get away with poor entries and still benefit, but getting into the habit of it could really hurt your balance if you didn't know that you were doing.

So myself, I actually sat out yesterday as I didn't want to be getting burned - but will spend the weekend analysing how the day / potential trades could've played out.

Nice parallels there. I think you sell yourself short, I reckon most of the world would be behind the Kiwi's to win!!!! Who wants the Yanks to win their own race anyway?????

PM1

I'm going to call it a day early again because I want to get up and cheer on Emirates Team New Zealand. Dean Barker, our skipper, admitted that he made a mess of todays start and has taken responsibility for the loss. That guy is not only ice cool under pressure, he has integrity.....or 'mana' as we say in NZ.

Anyway, the first week of testing on the M1 TF is complete, and below are the basic numbers. Bear in mind that I didn't trade on Tuesday, but I still took all 5 days into consideration regardless, because this is real life!

If you compare this week with an average week on the 515 test, you can see that the Nett profit and average pips/day is similar. Yes, the total is helped by the FOMC generated +168, but that is offset by 0 pips on Tuesday.

The trades taken have been similar to a 'common' M5 trade, just that I am getting into the trade much sooner, hence the smaller SL.....but....the SL is located in almost the same place as it would be on an M5 trade, so the risk is actually less (smaller SL) that would be the case on the M5. In some cases, the trade would never be entered if I was just using the M5 TF. I haven't worked out the average R:R but just looking at the trades, I would guess it is better than 1:2.

I'm not going to get too deep into the exact method I'm using, but it is very close to what I outlined before...very close. All will be revealed at the end of the test.

It's fair to say that most people regard M1 as 'noise' and impossible to trade safely. Well, so far I have not found that to be the case. Those people probably do not have a robust system which we have, but whatever the case....*so far* I see this as a possible way to trade in market conditions where it is impossible to trade on M5 and above.

I am moving the SL to BE fairly early into the trade at the moment to remove any risk asap......I might be more relaxed as the test progresses, but for now, I like to protect the trade pretty early on.

One more thing, I am being extra careful with this test, and I have let several trades go that I (personally) would have had a crack at, so I am pretty happy with the results.....so far!

Number of Trades Taken: 18
Win / Loss rate: 14 / 1 (+ 3 @ BE)
Biggest single trade gain: +85
Biggest single loss: -10
Nett profit: +353 pips
Average pips / day : 70.6
Average SL: 11