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Genesis Matrix Trading

  • #20,281
  • Dec 12, 2013 4:45am Dec 12, 2013 4:45am
Quoting realjumper
{quote} 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!!!

Thank you very much RJ and all others contributors for the precious help you are offering me

I hope one day to send back all I've received and I promised I'll do
  • #20,282
  • Dec 12, 2013 4:46am Dec 12, 2013 4:46am
Quoting ExcessFX
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.......
What about management - or it's in that 'not 100%' part?
The single most important factor is having control of your own life.
  • #20,283
  • Dec 12, 2013 4:50am Dec 12, 2013 4:50am
Quoting realjumper
{quote} 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?

Got out with 8 pips. While that's a pretty shallow trade I was spooked by the fact that it was CT, that BRN as you mentioned, not particularly strong HA candles, and never saw a MTF arrow.

Need to keep working on my exits, but I can't complain with positive pips. 10 more until target.
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  • #20,284
  • Dec 12, 2013 4:53am Dec 12, 2013 4:53am
Quoting Lancaster
{quote} Got out with 8 pips. While that's a pretty shallow trade I was spooked by the fact that it was CT, that BRN as you mentioned, not particularly strong HA candles, and never saw a MTF arrow. Need to keep working on my exits, but I can't complain with positive pips. 10 more until target. {image}
Did you have a look at GJ? - looked MUCH better to me...

Edit: your pivots are off - check here
The single most important factor is having control of your own life.
  • #20,285
  • Dec 12, 2013 4:54am Dec 12, 2013 4:54am
Quoting Lancaster
{quote} Got out with 8 pips. While that's a pretty shallow trade I was spooked by the fact that it was CT, that BRN as you mentioned, not particularly strong HA candles, and never saw a MTF arrow. Need to keep working on my exits, but I can't complain with positive pips. 10 more until target. {image}
Fair enough. GU is just about my least favourite pair (although Martyfish does exceptionally well with it!). This time I see the CT as a problem which was made worse by the BRN and the DP just below...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,286
  • Dec 12, 2013 5:06am Dec 12, 2013 5:06am
Quoting Mikkk01
{quote} Did you have a look at GJ? - looked MUCH better to me... Edit: your pivots are off - check here
Yep definitely a better move over there. Right now I'm working with the pairs that have the best spreads on my broker, and GBPJPY is a little expensive hovering over 3 pips. But you're right, there's no reason not to monitor these and just wait for the textbook long run setups

Hmm, I will check on the pivots, thanks
  • #20,287
  • Dec 12, 2013 5:20am Dec 12, 2013 5:20am
Quoting Lancaster
{quote} Yep definitely a better move over there. Right now I'm working with the pairs that have the best spreads on my broker, and GBPJPY is a little expensive hovering over 3 pips. But you're right, there's no reason not to monitor these and just wait for the textbook long run setups Hmm, I will check on the pivots, thanks
Over 3p?
What a greedy broker!
You probably have a standard account - ECN is preferable when trading LTF but it's up to you of course...

And surely you should't stay out because of the spread if the signal matches your criteria!

Glad I can help!
The single most important factor is having control of your own life.
  • #20,288
  • Dec 12, 2013 5:41am Dec 12, 2013 5:41am
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...
Well done mate that's great news, It might be time to give those pans away.
Thanks for all your input
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #20,289
  • Dec 12, 2013 10:13am Dec 12, 2013 10:13am
Quoting anthm
{quote} Good evening, Lancaster may I kindly ask why you call it a CT trade? I also short GU Regards Anth
Hey anthm, sorry didn't see your post earlier. At that point in the morning I was calling it a CT because the MTF Arrows were pointing up and the H1 ASCTrend was white as well.
  • #20,290
  • Dec 12, 2013 4:49pm Dec 12, 2013 4:49pm
Quoting Lancaster
{quote} Hey anthm, sorry didn't see your post earlier. At that point in the morning I was calling it a CT because the MTF Arrows were pointing up and the H1 ASCTrend was white as well.
Ok Thankyou, yes over the previous 2 hourly bars the trend was clearly up its just that over the last day and a half it was clearly down even with the two hour rally.
Maybe I looing into trends too closely and complicating it. I will start to just look at the H1 ASC, sounds good.
Thanks
anth
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #20,291
  • Dec 12, 2013 10:23pm Dec 12, 2013 10:23pm
Quoting jjre65
{quote} 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
This here is key to understanding the Genesis system or to be profitable with it. I believe RJ himself does IFR training once a week. When i did my weekly IFR training, i had a profitable week afterwards. Yet when i stopped the training, everything went to red. Don't kid yourself, IFR training is the best when finding entries and exits. Heck, i screen print every trade i took when i was doing IFR, so i can not kid myself about entry and exits!
  • #20,292
  • Dec 13, 2013 1:49am Dec 13, 2013 1:49am
GM - Sell signal on 5m EurJpy at 5:55 gmt with a 1m signal shortly after - too early for me, but I took the later signal just before FO.

The WRB with good volume at 7:23 gmt had less than 20 pips available, so I waited and exited in the next high volumed spike in the 7:38 candle for 22 pips
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Trading Levels with WRBs
  • #20,293
  • Dec 13, 2013 2:37am Dec 13, 2013 2:37am
Evening all.....a bit late on deck (again) today. pre Christmas stuff sure uses up a lot of time....and energy....and coffee!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,294
  • Dec 13, 2013 2:44am Dec 13, 2013 2:44am
Hi RJ !

Just took long on EU. A late entry I think .... ?? We'll see how it goes....
  • #20,295
  • Dec 13, 2013 2:46am Dec 13, 2013 2:46am
Quoting Sjr
Hi RJ ! Just took long on EU. A late entry I think .... ?? We'll see how it goes....
Hmmm...right under the DP and the stochs aren't looking too good.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,296
  • Dec 13, 2013 2:47am Dec 13, 2013 2:47am
Hi all,

already drunk another Nescafè ;-)
  • #20,297
  • Dec 13, 2013 2:48am Dec 13, 2013 2:48am
Quoting realjumper
Hmmm...right under the DP
+ R1 weekly
  • #20,298
  • Dec 13, 2013 2:48am Dec 13, 2013 2:48am
Yip...thats what I was thinking right AFTER I entered.....
  • #20,299
  • Dec 13, 2013 2:51am Dec 13, 2013 2:51am
Quoting Sjr
Yip...thats what I was thinking right AFTER I entered.....
So you're thinking is right....the timing needs a bit of work though!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,300
  • Dec 13, 2013 2:55am Dec 13, 2013 2:55am
Oh Well Stopped out at BE. Here's the Chart. As its my first on the thread, please let me know if it fits with the Rules. I use a white back ground more for printing out later....Thx
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