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Genesis Matrix Trading

  • #20,261
  • Dec 12, 2013 3:49am Dec 12, 2013 3:49am
Quoting Islander
{quote} 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
Hi

I posted every trade except the Monday trade I think, as I took them, when I took them.
Im under the pump w work so if you want to check my posts/trades and apply them to your charts please do, otherwise I will post some of the trades when I have time and Im not crying into my apron.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,262
  • Dec 12, 2013 3:53am Dec 12, 2013 3:53am
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...
Hi J,

One question I've been pondering with your method, and I don't *think* you've mentioned before (but you may have) - trend? Do you look at or consider trend at all? Or do you do it in such a way that you ONLY take the strong signals? (Or to ask another way, sometimes you can get away with taking weaker signals if you are with trend - is this a factor in your trading?).

Cheers,

Ant
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,263
  • Dec 12, 2013 3:57am Dec 12, 2013 3:57am
I'm taking the CT sell signal on GU. Let's see if that premature 15M stoch comes back to bite me
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  • #20,264
  • Dec 12, 2013 4:02am Dec 12, 2013 4:02am
took this one
not a late entry on M1, cause I've waited for the M5 5 block was complete
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  • #20,265
  • Dec 12, 2013 4:02am Dec 12, 2013 4:02am
Quoting Lancaster
I'm taking the CT sell signal on GU. Let's see if that premature 15M stoch comes back to bite me {image}
I see a nice little bearish divergence on your M5.....your trade might give you something

I haven't got GU charts, but it looks ok for a CT trade although that BRN is a bit of a concern perhaps?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,266
  • Dec 12, 2013 4:07am Dec 12, 2013 4:07am
Hi everyone. Long time. Long story. Fantastic thread. I like the way new ideas are mentioned and sometimes discussed, but the core of the system is well policed and remains intact.
Difficult for me to post, as Genesis has come quite late in my “trading career” and, although I use its principles extensively now, I can’t help “polluting” it with my little bits.

Islander
Interesting development on the volume analysis. One of the reasons I was not too keen on trading FX was the lack of reliable volume data. I have adapted my trading to FX dispensing with volume analysis (or sometimes used FX futures data as proxy for volume)
I would be interested to know whether you have analysed the volume data across brokers and are satisfied that the broker you chose has data that is representative enough of the whole market. Or perhaps this is something that does not bother you too much?
I did just a little volume data analysis on 1 m GU comparing Interactivebrokers data with MT4/Forex.com data and I have different results…. This does not have a big impact on the exit methodology you explained here, and the differences are ironed out the higher the TF, but I would like to know your view on this, if it is ok with you.


If this is too much off topic, please feel free to delete.
  • #20,267
  • Dec 12, 2013 4:08am Dec 12, 2013 4:08am
Quoting jjre65
{quote} Hi I posted every trade except the Monday trade I think, as I took them, when I took them. Im under the pump w work so if you want to check my posts/trades and apply them to your charts please do, otherwise I will post some of the trades when I have time and Im not crying into my apron. Cheers J.
Erm,
I have a question, I also trade IFR last time.
But, I found that there is quite a lot of signal along the day per pair, example EA. Are you just enter a trade when a confirm signal come?
Because some signal is lose and some is win. sometime, the M15 stochastic turn here and there also. someday, one day may be have 3-4 signal come out over there....
Or you have other rules like before enter a trade the signal need in line with M30 stochastic?

Thanks.
  • #20,268
  • Dec 12, 2013 4:08am Dec 12, 2013 4:08am
Quoting jjre65
{quote} Hi I posted every trade except the Monday trade I think, as I took them, when I took them. Im under the pump w work so if you want to check my posts/trades and apply them to your charts please do, otherwise I will post some of the trades when I have time and Im not crying into my apron. Cheers J.
Thanks - I'll go back and take a look
Trading Levels with WRBs
  • #20,269
  • Dec 12, 2013 4:16am Dec 12, 2013 4:16am
Quoting yesIknow
Hi everyone. Long time. Long story. Fantastic thread. I like the way new ideas are mentioned and sometimes discussed, but the core of the system is well policed and remains intact. Difficult for me to post, as Genesis has come quite late in my “trading career” and, although I use its principles extensively now, I can’t help “polluting” it with my little bits. Islander Interesting development on the volume analysis. One of the reasons I was not too keen on trading FX was the lack of reliable volume data. I have adapted my trading to FX dispensing...
Hi - I too used Futures Volume before MT4 became available reducing my monthly overheads by $150
I have looked at half a dozen different brokers and the charts I post are from a live account with FXCM - at that time they had the highest volumes. As you correctly say, with my adaptation, this is not so important.
Regards
Islander
PS I must also agree how nice it is to be posting in a well policed thread
Trading Levels with WRBs
  • #20,270
  • Dec 12, 2013 4:17am Dec 12, 2013 4:17am
Here is a EA trade i've just closed. The entry could have been earlier, but i was not in front of computer at the time.
46 pips is good enough for me!
Attached Image (click to enlarge)
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Learn from your mistakes until you succeed. It's that simple.
  • #20,271
  • Dec 12, 2013 4:18am Dec 12, 2013 4:18am
Quoting jimi
{quote} make 30 pips if not signs of reversal
This has nothing to do with a plan.

What I meant is: you need to know exactly what to do in a step-by-step way if: m15 crosses, you start feeling uneasy or whatever-else-can-happen happens.
That all written down or typed - so that you never start to brokenly savvy what to do when that stuff shows up. You just have a look at it [better remember, though] and follow steps listed.
The single most important factor is having control of your own life.
  • #20,272
  • Dec 12, 2013 4:22am Dec 12, 2013 4:22am
Quoting ExcessFX
Here is a EA trade i've just closed. The entry could have been earlier, but i was not in front of computer at the time. 46 pips is good enough for me! {image}
Good trade. I was a bit slow off the mark too...about the same place as you. Still is a nice little earn though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,273
  • Dec 12, 2013 4:22am Dec 12, 2013 4:22am
Quoting Mikkk01
{quote} This has nothing to do with a plan. What I meant is: you need to know exactly what to do in a step-by-step way if: m15 crosses, you start feeling uneasy or whatever-else-can-happen happens. That all written down or typed - so that you never start to brokenly savvy what to do when that stuff shows up. You just have a look at it [better remember, though] and follow steps listed.
  • #20,274
  • Dec 12, 2013 4:25am Dec 12, 2013 4:25am
Quoting Mikkk01
{quote} This has nothing to do with a plan. What I meant is: you need to know exactly what to do in a step-by-step way if: m15 crosses, you start feeling uneasy or whatever-else-can-happen happens. That all written down or typed - so that you never start to brokenly savvy what to do when that stuff shows up. You just have a look at it [better remember, though] and follow steps listed.
  • #20,275
  • Dec 12, 2013 4:25am Dec 12, 2013 4:25am
Quoting antantnz
{quote} Hi J, One question I've been pondering with your method, and I don't *think* you've mentioned before (but you may have) - trend? Do you look at or consider trend at all? Or do you do it in such a way that you ONLY take the strong signals? (Or to ask another way, sometimes you can get away with taking weaker signals if you are with trend - is this a factor in your trading?). Cheers, Ant
Hi Ant

During the IFR testing, I didnt look at anything except the charts in the recent post, I had no idea of trend at all....................I just followed the signals.....entry and exit as per Genesis.

do it for yourself.................its an incredible exercise.

j
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,276
  • Dec 12, 2013 4:34am Dec 12, 2013 4:34am
I would like to add to the trading plan conversation, we all know the Genesis system signals, but we hear people talk about a checklist prior to entering a trade.
I have been working on my list over the last few weeks so i would like to share it to get peoples thoughts.

Entries
1. Trade with the trend. I use a 60SMA on my M5 chart. Only go long when PA is above this. Only take shorts when PA is below.
2. Enter in the same direction as the M15 arrow
3. Enter in the same direction as the M30 Stoch
4. M5 + M15 rising or falling together
5. Of course.... The Matrix!!!

Exits
Not 100% with these.
Things i'm thinking of:
1. When PA punches through a 60SMA on the M1 chart.
or
2. opposite arrow on the ASC trend in the M1 chart.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #20,277
  • Dec 12, 2013 4:35am Dec 12, 2013 4:35am
Quoting jimi
{quote}
Quoting nikz
{quote}
The single most important factor is having control of your own life.
  • #20,278
  • Dec 12, 2013 4:38am Dec 12, 2013 4:38am
Quoting jimi
took this one not a late entry on M1, cause I've waited for the M5 5 block was complete {image}
exit @ 17 pips

total 32 pips today

I've done the daily target

If i could trade every day in this way, maybe in less than one year i could solve all my heavy economic issue
Attached Image (click to enlarge)
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  • #20,279
  • Dec 12, 2013 4:43am Dec 12, 2013 4:43am
Quoting jimi
{quote} exit @ 17 pips total 32 pips today I've done daily target If i could trade every day inthis way, maybe in less than one year i could solve all my heavy economic issue {image}
Document your trades, with analysis, in your journal. Create your trading plan.....including, but not limited to : entry conditions, sl placement, r:r, targets, management plan etc etc and trust the system.

You can do it!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,280
  • Dec 12, 2013 4:44am Dec 12, 2013 4:44am
Quoting Lancaster
I'm taking the CT sell signal on GU. Let's see if that premature 15M stoch comes back to bite me {image}
Good evening, Lancaster may I kindly ask why you call it a CT trade? I also short GU
Regards Anth
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
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