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Genesis Matrix Trading

  • #18,501
  • Oct 11, 2013 5:50am Oct 11, 2013 5:50am
Quoting realjumper
LOL....we'll you'd damn well expect it to be a "very adult conversation" wouldn't you??
Well for politicians all around the world, it is actually a massive achievement !!

A considerable number (before they go into politics) are actually extremely intelligent people.

Just not quite sure what happens to their brains, once they get elected - can only be ........power corrupts !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,502
  • Oct 11, 2013 5:58am Oct 11, 2013 5:58am
Quoting realjumper
I'm going to post this question here in the hope that someone can answer it....perhaps Marty when he comes online. Give this pathetic mess in USA, with (seemingly) worse to come in a weeks time, why is the Yen still dropping?...and why isn't the Swissy gaining ground hand-over-fist? Surely.......*SURELY*.......what is going on in USA is tantamount to gross incompetence and poor management, yet the USDIndex is still climbing? SURELY USD is going to get downgraded by Moodies and Fitch very, very soon.......why is the USD not concerned about that?.......because...
Could it be the typical case of 'buy the rumour, sell the fact'... with some epic drops to follow after 17th Oct?

A very late Happy Birthday, RJ! May the market be generous to you as never before, so that your next test doesn't have to be on tick charts
mind over matter
  • #18,503
  • Oct 11, 2013 6:50am Oct 11, 2013 6:50am
Quoting Fame of me
Good Morning G-Family jump in this GJ sell trade: {image}
Closed
Attached Image
  • #18,504
  • Edited 3:40pm Oct 11, 2013 3:30pm | Edited 3:40pm
sniff....sniff...............I smell a PDF...........................

PM1
  • #18,505
  • Oct 11, 2013 4:22pm Oct 11, 2013 4:22pm
Here is the results for the final week of the M1 test......and it's the worst week by far. I could lay the blame at the door of Washington and the mess they have made that is affecting the markets, but the reality is that there were still pips available and I messed them. Perhaps I was too greedy and unwilling to accept the small trades this week?......perhaps I just wasn't paying close enough attention to the charts? Whatever the reason, I'm human and I didn't have a great week....yes, I didn't trade on Tuesday, but even so, it's a poor performance from me.

Never mind.....such is life and there's no point in worrying about things in the past......I have to make sure that I get my act together again for the next weeks and months

So here is the raw data.....the PDF will take a little while because there is quite a lot to it, and I will be asking our PDF magician (wiz3003) to help me. So be patient...it will be here, but I'm not going to commit to a day yet.

Number of Trades Taken: 10
Win / Loss rate: 7 / 1 (+ 2 BE Exits)
Biggest single trade gain: +74
Biggest single loss: -12
Nett profit: +173 pips
Average pips / day : 34.6
Average SL: 12.1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,506
  • Oct 11, 2013 4:24pm Oct 11, 2013 4:24pm
Quoting kosmo
{quote} Could it be the typical case of 'buy the rumour, sell the fact'... with some epic drops to follow after 17th Oct? A very late Happy Birthday, RJ! May the market be generous to you as never before, so that your next test doesn't have to be on tick charts
Thank you Jo......and I hope you are making headway in your endeavour too

Tick charts you say?....hmmmmm
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,507
  • Oct 11, 2013 4:25pm Oct 11, 2013 4:25pm
Quoting PipMonster1
sniff....sniff...............I smell a PDF........................... PM1
That's a very sensitive nose you have there PM1....I didn't even get the paper out yet!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,508
  • Oct 11, 2013 4:28pm Oct 11, 2013 4:28pm
Quoting Martyfish
{quote} Well for politicians all around the world, it is actually a massive achievement !! A considerable number (before they go into politics) are actually extremely intelligent people. Just not quite sure what happens to their brains, once they get elected - can only be ........power corrupts !!
I suppose so......once they start feeding from the public trough, all sense of what is right and proper goes out the window. Sad
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,509
  • Oct 11, 2013 4:30pm Oct 11, 2013 4:30pm
Quoting realjumper
Here is the results for the final week of the M1 test......and it's the worst week by far. I could lay the blame at the door of Washington and the mess they have made that is affecting the markets, but the reality is that there were still pips available and I messed them. Perhaps I was too greedy and unwilling to accept the small trades this week?......perhaps I just wasn't paying close enough attention to the charts? Whatever the reason, I'm human and I didn't have a great week....yes, I didn't trade on Tuesday, but even so, it's a poor performance...
+173 pips for this week is great. The PA has been lousy, at best!! Just thinking that -12 loss was from yesterday.........your last trade for the week otherwise another clean slate!! So 4 days of trading in crappy PA and you still average 34 pips/day (on a 5 day avg otherwise it's 43 pips/day for the 4 days).................I'd be happy with that!!!!!

You can only take the pips the market lets you have RJ......

PM1
  • #18,510
  • Oct 11, 2013 4:35pm Oct 11, 2013 4:35pm
Quoting PipMonster1
{quote} +173 pips for this week is great. The PA has been lousy, at best!! Just thinking that -12 loss was from yesterday.........your last trade for the week otherwise another clean slate!! So 4 days of trading in crappy PA and you still average 34 pips/day (on a 5 day avg otherwise it's 43 pips/day for the 4 days).................I'd be happy with that!!!!! You can only take the pips the market lets you have RJ...... PM1

Yep...you're right PM1.....and one week is neither 'here nor there' in the bigger scheme of things. The monthly data is what is important
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,511
  • Oct 11, 2013 4:36pm Oct 11, 2013 4:36pm
Quoting realjumper
{quote} That's a very sensitive nose you have there PM1....I didn't even get the paper out yet!!
I think I know what it's going to say................I've been paying close attention to this test....

PM1
  • #18,512
  • Oct 11, 2013 9:38pm Oct 11, 2013 9:38pm
Well,
what time frame is it going to be for you next week RJ?
Enter Signature
  • #18,513
  • Oct 11, 2013 10:09pm Oct 11, 2013 10:09pm
Quoting thomasK
Well, what time frame is it going to be for you next week RJ?
I think RJ hinted earlier that this might be the last live test. The system is quite profitable at an M5 level and we have also just seen at an M1 level .............how many other tests do we need to do to know that Genesis works?

PM1
  • #18,514
  • Oct 12, 2013 12:31am Oct 12, 2013 12:31am
Quoting PipMonster1
{quote} I think RJ hinted earlier that this might be the last live test. The system is quite profitable at an M5 level and we have also just seen at an M1 level .............how many other tests do we need to do to know that Genesis works? PM1
No, I dont expect -at least not for now- any new test.
The question has to do with his normal everyday trading.
Back to M5?
Or continue with M1?

PS. I am almost sure that M15 is out of the question especially in the current type of market.
Enter Signature
  • #18,515
  • Oct 12, 2013 12:37am Oct 12, 2013 12:37am
Quoting thomasK
{quote} No, I dont expect -at least not for now- any new test. The question has to do with his normal everyday trading. Back to M5? Or continue with M1? PS. I am almost sure that M15 is out of the question especially in the current type of market.
You're correct thomasK - M15 would be out of the question with this crappy PA of late plus it usually requires a bigger SL. If M1 works out the R:R is very good. So taking M1 trades with a M5 setup looks like the way to go but we shall wait for RJ's PDF to confirm those assumptions.

PM1
  • #18,516
  • Oct 12, 2013 3:58am Oct 12, 2013 3:58am
Quoting realjumper
Here is the results for the final week of the M1 test......and it's the worst week by far. I could lay the blame at the door of Washington and the .......................Number of Trades Taken: 10 Win / Loss rate: 7 / 1 (+ 2 BE Exits) Biggest single trade gain: +74 Biggest single loss: -12 Nett profit: +173 pips Average pips / day : 34.6 Average SL: 12.1
Really encouraging results RJ. Goes on to show that even with such difficult price action, the system could be used to pull out pips.

Good to have three options according to price action: Classic Genesis, 515 and now 1-5-15.

Best wishes and have a good week end.
What the mind does not know, the eyes cannot see
  • #18,517
  • Oct 12, 2013 4:37pm Oct 12, 2013 4:37pm
Quoting thomasK
{quote} No, I dont expect -at least not for now- any new test. The question has to do with his normal everyday trading. Back to M5? Or continue with M1? PS. I am almost sure that M15 is out of the question especially in the current type of market.
I'll be continuing with M1 for now......maybe for a long time to come. The results last week were ok considering the markets etc etc as we have spoken of, but prior to that time, when markets we performing in their usual way, the M1 handles the consolidating markets very well, and in the trends, it was giving outrageous results due to the super early entries. Provided some rules are adhered to, as we'll see in the PDF, I see no disadvantage to M1 one trading, other than 'screen time'........and I'm not even sure if that old cliche is even true. As we know, I have spent a LOT of screen time during this test, and that was necessary in order to test as many market situations as possible, but I think that our daily target of (say) 50 pips is easily attainable in a few hours, possible less if one is trading London open or perhaps the London close when NY has the floor to itself. I'm not sure about the latter because I'm asleep by then! For me, I am pretty sure that 25 pips is available during early Tokyo session, and same during early London session, and that's all that's required. Time will tell on that front though as it is just an observation rather than anything that I specifically looked for during the test period.

So....to answer your question (at last...lol), I'll be staying with M1 entries and management on M5, and perhaps M15 (management) when the markets return to a decent trend
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,518
  • Oct 12, 2013 4:48pm Oct 12, 2013 4:48pm
Quoting realjumper
{quote} I'll be continuing with M1 for now......maybe for a long time to come. The results last week were ok considering the markets etc etc as we have spoken of, but prior to that time, when markets we performing in their usual way, the M1 handles the consolidating markets very well, and in the trends, it was giving outrageous results due to the super early entries. Provided some rules are adhered to, as we'll see in the PDF, I see no disadvantage to M1 one trading, other than 'screen time'........and I'm not even sure if that old cliche is even...
Thanks RJ. The R:R makes it worthy of mastering I believe. The ability to get in just a few minutes early allows that R:R to double in many instances.

IFR training for me this fine Sunday.

PM1
  • #18,519
  • Oct 12, 2013 5:01pm Oct 12, 2013 5:01pm
Quoting PipMonster1
{quote} Thanks RJ. The R:R makes it worthy of mastering I believe. The ability to get in just a few minutes early allows that R:R to double in many instances. IFR training for me this fine Sunday. PM1
I think so too. I'll get more into this later, but during the test I observed that when the PA is leaving a known s/r line (Pivot, BRN etc), on the M1 it was easy to catch the move very, very early and with a SL of (say) 10 - 15 pips, it was easy to get the SL to BE very early, with no more risk than on the M5 chart.

The difference being that on the M5 chart, we may have to wait 5 or 10 minutes (2 candles) to be comfortable that the PA was going to do what we expect it to do, and by then, the SL (which would be in the exact same spot as for the M1 entry), might now be 25 pips or more (depending on the PA), and this may make the trade too expensive to enter. But during that initial 5 to 10 minute period (2 candles on the M5), we would have watched 5 to 10 candles on the M1 instead of 1 or 2 on the M5, and so we often see a much clearer picture, much earlier. I hope that makes sense, it will be much easier to show on a chart on the PDF.

On that note, I might have to make 2 PDF's......one to review the M1 test in the same way as I did for the other tests, and the other to show in more detail how the M1 could be traded. The method I used for M1 trading is very, very similar to what I have always done, but I found a better way to view the charts that makes things cleaner and easier to view....and the way I have found for M1, may also be better for M5......but I'm not going to test that, everyone can choose for themselves!!

The changes to the charts are very small as we will see in due course, which shows that the system is really very strong, and the changes may just be a personal thing

Now....coffee time
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,520
  • Oct 13, 2013 2:59am Oct 13, 2013 2:59am
Quoting realjumper
{quote} I'll be continuing with M1 for now......maybe for a long time to come. ...............I'll be staying with M1 entries and management on M5, and perhaps M15 (management) when the markets return to a decent trend
Thanks for your hard work, RJ. It is really encouraging to know that you are thinking of continuing with M1 entries for your daily trading. That way, even with difficult price action, one can hope to make pips. Of course, like anything else, one needs practice.

Since the M1 test started, I have been looking at M1 charts and I think I have a fair idea of the potential entries. I hope I am not sounding impatient, but can I ask whether you continued the test without the 20 and 80 lines on M15 stchastics like you mentioned at the begining of the test or used it like usual. Please ignore the question if you think I should wait till the PDF is published.

Many thanks and sorry if I am pestering.

Paddy
What the mind does not know, the eyes cannot see
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