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Genesis Matrix Trading

  • #20,241
  • Dec 12, 2013 2:52am Dec 12, 2013 2:52am
Quoting jalkok
{quote} Okay, I edited my post #20222 but I never said it was a genuine Genesis trade. But I should have said that I compared and that`s allowed I hope...
Well, lets put this to rest now.....if you wish to 'compare systems', keep it to yourself because it's not helpful to us or them....and most importantly, it's not helpful to you because you have to know each system intimately to make a valid comparison.....and even then the comparison has no value to anyone other than yourself because we are all different.

So.....if you want to trade H4 TMS, fine...do it over there. If you want to trade short term here, fine, do it here. Just keep them separate and any comparisons are for your information only.....it won't help anyone else
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,242
  • Dec 12, 2013 2:57am Dec 12, 2013 2:57am
Quoting Islander
GM - been rather busy - two trades taken on EurJpy and GbpUsd. I've tried Olivia's method, but that overwrites the chart which then has to be re-set which messes up my S&R levels, so I may just change profiles for posting.....However, given the recent comments about confusing newbies, I'll wait to see if RJ wishes me to stop posting volume and range... Both trades were after a signal on the 5m chart and then waiting for the 1m to line up. With GbpUsd, I don't like trading during the first part of FH unless it is trending into FO, so I waited until...
You asked about posting the charts with the volume indi and I said it was ok as it might be useful for exiting trades, which is one of the reasons you use it. I haven't had a chance to read your PDF or study your charts in depth, so for now, keep on posting please.

With Olivia's method, I have a separate template named olivia (lol) and I keep it minimised. Then when I want to post a chart that does not conform to genesis because of an extra indi or whatever, I bring up Olivia template and then go to the Market Watch window and drag the currency pair in question from Market Watch onto Olivia....take the screenshot and then minimise Olivia again and my charts are unchanged

Edit: I should add that Olivia template is set up as a standard genesis template
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,243
  • Dec 12, 2013 3:06am Dec 12, 2013 3:06am
Warning,

When back testing range bar charts ( hindsight) which I don't do only forward test. The charts might seem really easy to trade , BUT unless you have a indicator to tell you how long the desired range bar took in real time to complete, example 10 sec 30 sec 2 sec, ect ect. The backtesting means nothing and will be false.You need to use something like, RenkoAm_ V2.o indicator or something like it to validate the entries . Its better to follow them in real time.


cheers.
Enter Signature
  • #20,244
  • Dec 12, 2013 3:12am Dec 12, 2013 3:12am
GM/E all

took this EA short M1/M5 Method

for ONLY 15 pips

Why did I close it?
M15 started to cross

but

mostly

great fear to lose my virtual gain

will I became a good trader one day?

I don't know for now
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  • #20,245
  • Dec 12, 2013 3:15am Dec 12, 2013 3:15am
Quoting jimi
GM/E all took this EA short M1/M5 Method for ONLY 15 pips Why did I close it? M15 started to cross but mostly great fear to lose my virtual gain will I became a good trader one day? I don't know for now {image} {image}
EDIT: If I stay in, I'd reached my daily target - stupid
  • #20,246
  • Dec 12, 2013 3:24am Dec 12, 2013 3:24am
Quoting jimi
GM/E all took this EA short M1/M5 Method for ONLY 15 pips Why did I close it? M15 started to cross but mostly great fear to lose my virtual gain
Did you have a particular plan for this kind of situation?
Quoting jimi
will I became a good trader one day? I don't know for now
Quoting Mikkk01
“Whether you think you can, or you think you can't - you're right.” ― Henry Ford
So you'd better believe you can...
Quoting jimi
{quote} EDIT: If I stay in, I'd reached my daily target - stupid
It's not stupid. It only means that you have issues to fix. So go do it!
The single most important factor is having control of your own life.
  • #20,247
  • Dec 12, 2013 3:27am Dec 12, 2013 3:27am
Quoting jimi
{quote} EDIT: If I stay in, I'd reached my daily target - stupid
Hi,
I also faced this problem before,......
I could only said that you MUST trust your system
You only enter a trade with confidence, if not better dun trade....
  • #20,248
  • Dec 12, 2013 3:29am Dec 12, 2013 3:29am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jimi
{quote} EDIT: If I stay in, I'd reached my daily target - stupid
Yes, frustrating, but managing the trade in M5 may help, only TVI in the matrix has giving a little twitch otherwise, move stop to BE, move stop to +10 -- M5 still shows no reason to exit trade and target DP is ahead......just maybe .... or target BRN....now if I could just trade like that too......
  • #20,249
  • Dec 12, 2013 3:30am Dec 12, 2013 3:30am
Quoting jimi
GM/E all took this EA short M1/M5 Method for ONLY 15 pips Why did I close it? M15 started to cross but mostly great fear to lose my virtual gain will I became a good trader one day? I don't know for now {image} {image}
This is where setting your trade to BE + 1 or +2 can be a big help ... you can relax knowing you have (virtually) no chance of losing, and can relax and let the trade continue.

May be a bit tight to do it at +15, but, better than exiting early.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,250
  • Dec 12, 2013 3:31am Dec 12, 2013 3:31am
Quoting jimi
GM/E all took this EA short M1/M5 Method for ONLY 15 pips Why did I close it? M15 started to cross but mostly great fear to lose my virtual gain will I became a good trader one day? I don't know for now {image} {image}
You exited with +15.....and that is profit, which is good. No one can deny that. If you can do 20 - 30 every day for a year, you're going to have a BIG account!!

Having said that, why DID you exit??? Because the stoch 'started to cross?'.....not a valid reason. If this move drops another 200 pips.....and it could.....the stochs will all cross several times, as the PA 'breathes'. The Stochs are not like ping pong balls.....they don't HAVE to go up just because the reach the bottom....they could stay on the bottom for another 200 pips...easily. The stochs staying riveted to the floor is showing that the bears have a lot of power.

What I do in these situations, and I have done it live here many times, is to put the SL into profit....say +1. Then....you simply can not lose! the risk is removed...gone...forever. Worst case is your SL gets hit for +1....and so what if it does.....that's 1 more than you started with, right? When the move has gone (say) 20 pips.....SL to +5. When the move gets to +30 bring SL to +10 or +15 (you choose)...etc etc. When the PA hit's the next S/R which in this case is the BRN, take your exit and profit.....or.....bring your SL into more profit and see if the move goes down more.

When you exit like you did, it is the bad old 'fear and greed' getting the better of you. Afraid that if you don't TP now, you might only get +1 instead of +15.....and greed that +15 is better than +1.

But the reality is that even +1 is better than what you had (0) before you started the trade. So, manually trail the SL until the PA either hits the next s/r, or it stops you out in profit......either way....profit is yours!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,251
  • Dec 12, 2013 3:32am Dec 12, 2013 3:32am
Hi to everyone

Been slogging out 15hr days on the pans but keeping an eye on our thread

Gentle reminder, last week, and Monday this week I took 144 pips over 11 trades from 12 using nothing but the charts you see below....bar 1 cheat on an EA trade.
Pure Genesis signals, no nothing, no S/R, no BRN, no candles, no additional indies, and I took every signal I could on EA, GJ and GU, over 14 hrs screen time.

I dont know what more a trader needs. If it isnt broken dont fix it. Less is more. Its what you leave out, not what you put in. Function before form, but then form.

Genesis is simple, easy, and really nice to look at (esp without candles!)

Trust the system, Trade the system.

J.
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Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,252
  • Dec 12, 2013 3:33am Dec 12, 2013 3:33am
Quoting Mikkk01
Did you have a particular plan for this kind of situation?
make 30 pips if not signs of reversal
  • #20,253
  • Dec 12, 2013 3:34am Dec 12, 2013 3:34am
Quoting Raymond00
Hi, I also faced this problem before
Hey Ray,

can i ask you how did you solve it?

thk
  • #20,254
  • Dec 12, 2013 3:35am Dec 12, 2013 3:35am
Quoting Jamz
{quote} Yes, frustrating, but managing the trade in M5 may help, only TVI in the matrix has giving a little twitch otherwise, move stop to BE, move stop to +10 -- M5 still shows no reason to exit trade and target DP is ahead......just maybe .... or target BRN....now if I could just trade like that too......
you're totally right

I thought M15 cross was crossing up, so, with fear, i closed all
  • #20,255
  • Dec 12, 2013 3:40am Dec 12, 2013 3:40am
Quoting realjumper
{quote} You exited with +15.....and that is profit, which is good. No one can deny that. If you can do 20 - 30 every day for a year, you're going to have a BIG account!! Having said that, why DID you exit??? Because the stoch 'started to cross?'.....not a valid reason. If this move drops another 200 pips.....and it could.....the stochs will all cross several times, as the PA 'breathes'. The Stochs are not like ping pong balls.....they don't HAVE to go up just because the reach the bottom....they could stay on the bottom for another 200 pips...easily....

totally agree
and thank you so much

I know well all the concepts showen here

But sometimes seems to have two brain................. one logic and the other opposite

In the last years unfortunately the second one won..................... and my banks accounts lost
  • #20,256
  • Dec 12, 2013 3:40am Dec 12, 2013 3:40am
Quoting jjre65
Hi to everyone Been slogging out 15hr days on the pans but keeping an eye on our thread Gentle reminder, last week, and Monday this week I took 144 pips over 11 trades from 12 using nothing but the charts you see below....bar 1 cheat on an EA trade. Pure Genesis signals, no nothing, no S/R, no BRN, no candles, no additional indies, and I took every signal I could on EA, GJ and GU, over 14 hrs screen time. I dont know what more a trader needs. If it isnt broken dont fix it. Less is more. Its what you leave out, not what you put in. Function before...
Thank you J.....you are 100% correct....and that's another reason I won't have outside indies here.....it ain't broke!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,257
  • Dec 12, 2013 3:43am Dec 12, 2013 3:43am
Quoting jjre65
Hi to everyone Been slogging out 15hr days on the pans but keeping an eye on our thread Gentle reminder, last week, and Monday this week I took 144 pips over 11 trades from 12 using nothing but the charts you see below....bar 1 cheat on an EA trade. Pure Genesis signals, no nothing, no S/R, no BRN, no candles, no additional indies, and I took every signal I could on EA, GJ and GU, over 14 hrs screen time. I dont know what more a trader needs. If it isnt broken dont fix it. Less is more. Its what you leave out, not what you put in. Function before...

I think it would be very helpful if you could post a chart or two of those trades with vertical lines showing your entry and exit - strange though it may seem I too like KISS
Trading Levels with WRBs
  • #20,258
  • Dec 12, 2013 3:43am Dec 12, 2013 3:43am
Quoting jjre65
Hi to everyone Been slogging out 15hr days on the pans but keeping an eye on our thread Gentle reminder, last week, and Monday this week I took 144 pips over 11 trades from 12 using nothing but the charts you see below....bar 1 cheat on an EA trade. Pure Genesis signals, no nothing, no S/R, no BRN, no candles, no additional indies, and I took every signal I could on EA, GJ and GU, over 14 hrs screen time. I dont know what more a trader needs. If it isnt broken dont fix it. Less is more. Its what you leave out, not what you put in. Function before...
not sure to understand well where were entry points
  • #20,259
  • Dec 12, 2013 3:44am Dec 12, 2013 3:44am
Quoting jimi
{quote} totally agree and thank you so much I know well all the concepts showen here But sometimes seems to have two brain................. one logic and the other opposite In the last years unfortunately the second one won..................... and my banks accounts lost
Well...you have received some good advice here from everyone.....spend some time when the markets are closed and write up a bullet point plan of how to manage a trade. Make it a checklist and pin it on the wall in front of you. Then.....trade the plan

When the trade is complete....win or lose, enter it into a journal, add screenshots and analyse your trades. If you are making the same mistake over and over again, a journal will show it up. Once you identify the mistake....fix it!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,260
  • Dec 12, 2013 3:47am Dec 12, 2013 3:47am
Quoting realjumper
{quote} Well...you have received some good advice here from everyone.....spend some time when the markets are closed and write up a bullet point plan of how to manage a trade. Make it a checklist and pin it on the wall in front of you. Then.....trade the plan When the trade is complete....win or lose, enter it into a journal, add screenshots and analyse your trades. If you are making the same mistake over and over again, a journal will show it up. Once you identify the mistake....fix it!!!
thank you very much
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