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Genesis Matrix Trading

  • #18,301
  • Oct 4, 2013 6:02am Oct 4, 2013 6:02am
Quoting jalkok
{quote} wenn GU takes that S3 down, I`ll have more than 100 pips on this only one trade... and if not, it will be about 80 pips and that okay for me for my first and last trade for today. nice weekend to all !

80 is great....100 means you buy the tequila!!! Well done...great trading
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,302
  • Oct 4, 2013 6:15am Oct 4, 2013 6:15am
Quoting jalkok
{quote} wenn GU takes that S3 down, I`ll have more than 100 pips on this only one trade... and if not, it will be about 80 pips and that okay for me for my first and last trade for today. nice weekend to all !
Congrats - great trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,303
  • Oct 4, 2013 7:11am Oct 4, 2013 7:11am
Quoting antantnz
Nice bread and butter trade on EA earlier ... Entry reasons : Good m15 stoch Second bounce off around 1.44487 (green line), indicating some kind of resistance there Trend for the day is down, so with trend Approx 20 pips to s2Exited when it hit s2, so 20 pips. {image}
Nice one
Did you consider exiting @BRN?
  • #18,304
  • Oct 4, 2013 8:25am Oct 4, 2013 8:25am
It's been a strange week this week....and I suppose it will be next week as well....maybe the next few weeks will be until this Shutdown and debt ceiling stuff is sorted. Still....the week has ended green for the M1 test, with one more week to go. I'll post this weeks results later on the weekend.

Have a good one.......

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,305
  • Oct 4, 2013 8:42am Oct 4, 2013 8:42am
Have a good weekend RJ !!

Yes, strange is an understatement, and unless the Republicans cave in over the weekend, strange will get a whole lot stranger !!

Not everyday, we consider the US Government defaulting ?????????????????????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,306
  • Oct 4, 2013 11:50am Oct 4, 2013 11:50am
Quoting thomasK
{quote} I am amazed how people want to make money trading, without understanding some basic "game theory" principles. Many people use martingale or similar schemes in their trading or in rulette etc. What they do not understand is that in order to make money you need a positive EV strategy (EV=expected value). Casinos are happy to see as many people as possible playing rulette with a "system" or not. Because the game is designed to have a positive EV for the house thus negative for the customer. No reason to analyze it here more. All casino...
Great post thomasK.

This is what most traders don't get, if your system has a positive expectancy, you become the "house". Now all you have to do is to keep following your trading plan.

Genesis is the BEST trading system I've ever used, because of its high win rate - which allows you to be more agressive with money management without incurring in large drawdowns because you'll have fewer consecutive losers - and the RR ratio is surprisingly good for a high win rate system. Frequently we see systems with high win rate but the average winner is smaller than average loser.

Trading is a statistics game in the end.
  • #18,307
  • Oct 4, 2013 6:10pm Oct 4, 2013 6:10pm
Quoting Martyfish
Have a good weekend RJ !! Yes, strange is an understatement, and unless the Republicans cave in over the weekend, strange will get a whole lot stranger !! Not everyday, we consider the US Government defaulting ?????????????????????
It seems that this whole soap opera runs deep in some people....in a news article on the homepage about this issue I mentioned that it was a result of a dysfunctional and broken system. Well.....FF deleted that post within about 2 minutes....lol.....nothing like a bit of bias I suppose!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,308
  • Oct 4, 2013 6:24pm Oct 4, 2013 6:24pm
Here is Weeks 3 results.....it's been a tricky week but the Nett profit is still good, especially when we consider that I messed up the 170 pip run on EA, and one or two other silly mistakes I made which is (I think) testament to not only our system, but also it lays the smackdown on the people who say that M1 is just 'noise' and can't be traded....not people in our thread I must add, I think we are a lot more open minded, not to mention mature, than that!!

I can see that creating the PDF at the end of the test next week is going to be more of a mission than the other 2 tests (M15 and 515), but Wiz and I will put our heads together and see what we come up with.

Also I have received some PM's regarding membership to our thread and these might be able to be processed after the PDF is completed.

Anyway...here is the raw data from Week 3 (I nearly managed a clear round!)


Number of Trades Taken: 15
Win / Loss rate: 14 / 1
Biggest single trade gain: +52
Biggest single loss: -7
Nett profit: +304 pips
Average pips / day : 60.8
Average SL: 11.8
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,309
  • Oct 4, 2013 7:55pm Oct 4, 2013 7:55pm
Another great week of trading RJ.

From a tricky trading week you can still come out on top!!! Averaging 60pips/day...................can't complain about that!!

Well done.

PM1
  • #18,310
  • Oct 4, 2013 8:00pm Oct 4, 2013 8:00pm
Quoting PipMonster1
Another great week of trading RJ. From a tricky trading week you can still come out on top!!! Averaging 60pips/day...................can't complain about that!! Well done. PM1
Thanks PM1......a lot of screen time this week, but that's just the way it is with this childish shutdown nonsense. As you say though, to come out on top is good and I'm pretty happy about that
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,311
  • Oct 4, 2013 8:12pm Oct 4, 2013 8:12pm
Quoting Cold_W
{quote} Nice one Did you consider exiting @BRN?
Not in this case ... to be honest, even though it was on my charts, it still somehow stayed invisible to me (actually, maybe it was just off the screen when I exited).

Having said that, at this stage in my trading journey, I was happy to take a decent profit there. With hindsight, I should've left some to run further, but at the same time, for once I've been profitable two weeks in a row, so I must be doing something right for a change. (Don't worry, still on demo until I'm completely confident in my abilities).
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #18,312
  • Oct 5, 2013 12:43am Oct 5, 2013 12:43am
Quoting Cold_W
{quote} Not sure regarding that divergence either, maybe other traders could help with that.
Cold I wouldn't talk about divergence because the price was flat (small range). I am used to look for divergences after a strong move up or down.
Concerning the TF, I prefer to have divergences on H1 for intraday trades.
You control how you trade; the market controls how and when you'll get paid
  • #18,313
  • Oct 5, 2013 12:58am Oct 5, 2013 12:58am
Quoting wiz3003
{quote} Cold I wouldn't talk about divergence because the price was flat (small range). I am used to look for divergences after a strong move up or down. Concerning the TF, I prefer to have divergences on H1 for intraday trades.
Thank you, Wiz! Will add this info in my trading copybook. Are you still playing with that M30/H4 stoch Genesis settings?
  • #18,314
  • Oct 5, 2013 3:46am Oct 5, 2013 3:46am
Quoting Cold_W
{quote} Are you still playing with that M30/H4 stoch Genesis settings?
Yes Cold I am still ... but the issue is that H4 TF trading style requires lower winrates with higher payoff (RR ratio) to be consistently profitable.
Even if I haven't yet collected reliable statistics the problem is that I don't feel confident with this kind of style; I am not saying it doesn't work but simply it doesn't fit with my personality or viceversa ;-)

I still haven't found what I am looking for (U2)
You control how you trade; the market controls how and when you'll get paid
  • #18,315
  • Oct 5, 2013 11:50am Oct 5, 2013 11:50am
Quoting realjumper
{quote} It seems that this whole soap opera runs deep in some people....in a news article on the homepage about this issue I mentioned that it was a result of a dysfunctional and broken system. Well.....FF deleted that post within about 2 minutes....lol.....nothing like a bit of bias I suppose!
I guess some people wont face up to the truth.

But deleting your post is a tad extreme ???
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,316
  • Oct 5, 2013 4:48pm Oct 5, 2013 4:48pm
Quoting Martyfish
{quote} I guess some people wont face up to the truth. But deleting your post is a tad extreme ???
I think whoever is responsible for monitoring the news section here at FF should be shown the door......he also deleted one of mine where I said that 'Obama is an idiot', regarding the Syrian threat of USA attack.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,317
  • Oct 5, 2013 5:23pm Oct 5, 2013 5:23pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Stop to B.E. was the way to go..........
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  • #18,318
  • Oct 5, 2013 5:29pm Oct 5, 2013 5:29pm
Quoting Jamz
Stop to B.E. was the way to go.......... {image} {image}
Yes indeed Jamz.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,319
  • Oct 5, 2013 10:05pm Oct 5, 2013 10:05pm
Quoting realjumper
Here is Weeks 3 results.....it's been a tricky week but the Nett profit is still good, especially when we consider that I messed up the 170 pip run on EA, and one or two other silly mistakes I made which is (I think) testament to not only our system, but also it lays the smackdown on the people who say that M1 is just 'noise' and can't be traded....not people in our thread I must add, I think we are a lot more open minded, not to mention mature, than that!! I can see that creating the PDF at the end of the test next week is going to be more of a...
Great work RJ

The nay sayers have clearly formed a bias for some TF's and against others.......................and we know the danger of forming a bias!

Good luck for the week ahead to you and everybody.

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,320
  • Oct 6, 2013 2:54pm Oct 6, 2013 2:54pm
Quoting realjumper
Here is Weeks 3 results.....it's been a tricky week but the Nett profit is still good, especially when we consider that I messed up the 170 pip run on EA, and one or two other silly mistakes I made which is (I think) testament to not only our system, .......Average pips / day : 60.8 Average SL: 11.8
Very encouraging results once again, RJ!

Hope you would not mind me asking, same pairs as before (EA and GJ)?

Thanks.
What the mind does not know, the eyes cannot see
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