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Genesis Matrix Trading

  • #18,321
  • Oct 6, 2013 3:01pm Oct 6, 2013 3:01pm
Quoting thomasK
{quote} I am amazed how people want to make money trading, without understanding some basic "game theory" principles. ...... The trader with such a system KNOWS that on average, every time he pulls the trigger FOLLOWING HIS SYSTEM RULES makes 10plus pips. Every single time...
Thanks for the post thomasK. Good way to look at the principles of the game.
What the mind does not know, the eyes cannot see
  • #18,322
  • Oct 6, 2013 5:19pm Oct 6, 2013 5:19pm
Quoting padila
{quote} Very encouraging results once again, RJ! Hope you would not mind me asking, same pairs as before (EA and GJ)? Thanks.
Yep, same pairs except for one trade on the kiwi (NU)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,323
  • Oct 6, 2013 11:22pm Oct 6, 2013 11:22pm
Took a few pips GJ short after TO before EJ put the brakes on at S1
Both pairs slowly building for what may be another short opportunity if EJ can break S1
Watching and waiting

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,324
  • Oct 7, 2013 12:00am Oct 7, 2013 12:00am
Quoting jjre65
Took a few pips GJ short after TO before EJ put the brakes on at S1 Both pairs slowly building for what may be another short opportunity if EJ can break S1 Watching and waiting J

Nice trading jjre65. I also grabbed 25 pips GJ this morning. Nice simple setup..........

Attached Image


PM1
  • #18,325
  • Oct 7, 2013 12:02am Oct 7, 2013 12:02am
Quoting PipMonster1
{quote} Nice trading jjre65. I also grabbed 25 pips GJ this morning. Nice simple setup.......... {image} PM1
You too PM1

The BRN under the DP was extra security, very clear set up.

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,326
  • Oct 7, 2013 12:07am Oct 7, 2013 12:07am
Apologies for my cropped image..........tried using the crop feature on FF and looks like I was too aggresive. It's GJ M5 chart FWIW.

PM1
  • #18,327
  • Oct 7, 2013 12:09am Oct 7, 2013 12:09am
Quoting PipMonster1
Apologies for my cropped image..........tried using the crop feature on FF and looks like I was too aggresive. It's GJ M5 chart FWIW. PM1
Took mine on 5-15 but as it was Tokyo and Aud is closed for the day I managed it on M5

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,328
  • Oct 7, 2013 12:22am Oct 7, 2013 12:22am
My trade was on M1. Starting to like the M1 but discipline is paramount. Tried entering outside my "office hours" and I was punished! Silly....silly mistake

PM1
  • #18,329
  • Oct 7, 2013 12:43am Oct 7, 2013 12:43am
Quoting PipMonster1
My trade was on M1. Starting to like the M1 but discipline is paramount. Tried entering outside my "office hours" and I was punished! Silly....silly mistake PM1
Practising M1 on demo but waiting for RJs last week of testing and PDF etc before taking it further

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,330
  • Oct 7, 2013 1:12am Oct 7, 2013 1:12am
Quoting jjre65
{quote} Practising M1 on demo but waiting for RJs last week of testing and PDF etc before taking it further J

Good idea.

PM1
  • #18,331
  • Oct 7, 2013 2:39am Oct 7, 2013 2:39am
Short on EJ

Given the S/R on H4 EJ and GJ it might be a bit of an ask for a decent plunge

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,332
  • Oct 7, 2013 2:41am Oct 7, 2013 2:41am
interesting thread..............................................
  • #18,333
  • Oct 7, 2013 2:43am Oct 7, 2013 2:43am
GJ short on M1.................M1 entry was at 77 but I was away from the PC for a couple of minutes, blasted dog wanted to go out...........entry 66. Still not bad for 10 minutes.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5 1740 071013.png Size: 20 KB


PM1
  • #18,334
  • Oct 7, 2013 2:45am Oct 7, 2013 2:45am
Quoting PipMonster1
GJ short on M1.................M1 entry was at 77 but I was away from the PC for a couple of minutes, blasted dog wanted to go out...........entry 66. Still not bad for 10 minutes. {image} PM1
Good snipe PM1.........................you can let the dog back in now

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,335
  • Oct 7, 2013 2:55am Oct 7, 2013 2:55am
Evening all.....a little late on deck today, and I may not stay too long as I have a lot on tomorrow with an early start. However......here we go for the last week of the M1 test, and with all this USA crap going on, it's good to be able to still take pretty good pips from the market.

Once this test is done and the PDF is 'out there', I'll go back to posting charts and you'll see in better detail what going on.

Anyway....the coffee is hot and I'm looking for a set up
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,336
  • Oct 7, 2013 2:56am Oct 7, 2013 2:56am
Love my dog but...........10 pips.......really...........did she need to go out that bad????

PM1
  • #18,337
  • Oct 7, 2013 3:06am Oct 7, 2013 3:06am
Quoting realjumper
Evening all.....a little late on deck today, and I may not stay too long as I have a lot on tomorrow with an early start. However......here we go for the last week of the M1 test, and with all this USA crap going on, it's good to be able to still take pretty good pips from the market. Once this test is done and the PDF is 'out there', I'll go back to posting charts and you'll see in better detail what going on. Anyway....the coffee is hot and I'm looking for a set up
Are you buying that EA RJ.............since you arrived it has gone ballistic...............but I'm not on the ride.............

PM1
  • #18,338
  • Oct 7, 2013 3:11am Oct 7, 2013 3:11am
Quoting PipMonster1
{quote} Are you buying that EA RJ.............since you arrived it has gone ballistic...............but I'm not on the ride............. PM1
Unfortunately no. I was a bit late getting here and I couldn't get an entry that I liked. The train already left the station.....without me...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,339
  • Oct 7, 2013 3:24am Oct 7, 2013 3:24am
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...
Relating more specifically to blackjack and investing, is the interesting concept of Kelly's Formula (or Kelly's Criterion), which is basically the optimal bet size giving your win-odds, that maximizes your risk-adjusted returns over a period of time. Bet higher, and the volatility of your returns actually lower your overall returns, and bet lower you're not maximizing it.

Can google it if you're interested. There's an interesting book called Fortune's Formula (http://www.amazon.com/Fortunes-Formu...ne%27s+formula) that discusses this. Lots of other books and resources available on the web also.
  • #18,340
  • Oct 7, 2013 3:36am Oct 7, 2013 3:36am
Thanks Rainyday1

Much appreciated.
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