Just a word or two - system and 1M questions | Forex Factory

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Just a word or two - system and 1M questions

  • #1
  • First Post: Edited 8:26am Dec 12, 2013 8:08am | Edited 8:26am
Hi

So here is the trade from this morning on the 3 different systems the last one being the one I trade now on the 5min which I took the trade off.

Firstly I want to ask you.How much of this mornings trade was anticipated to the long side or did you just plain follow the Gen System

Secondly I know you look for price to improve on the signal bar before you enter but does it have anything to do with the breaking the high?Would you have gone short on bago if it gave a signal and broke the low?Is this something you pay attention to on bago?

With regards to any and all the system that you follow on the 1min do "anticipate" a direction based on what you think might happen or is it much more defined by the signal.



Really appreciate you getting back to me
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We miss 100% of the shots we don't take
  • #2
  • Edited 9:02am Dec 12, 2013 8:24am | Edited 9:02am
Does these high or lows have anything to do with when you might hold or close or even reverse a trade or is it literally just the MA and RSI that affect you thought process regarding BAGO
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #3
  • Dec 13, 2013 4:57am Dec 13, 2013 4:57am
Trades for Gen

Loser
Winner
Winner / BE ( depending on the TP strategy)
Winner.
Attached Image (click to enlarge)
Click to Enlarge Name: GU gen 13.12.2013.png Size: 22 KB
We miss 100% of the shots we don't take
  • #4
  • Dec 15, 2013 3:55am Dec 15, 2013 3:55am
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1.png Size: 37 KB
We miss 100% of the shots we don't take
  • #5
  • Dec 16, 2013 2:34am Dec 16, 2013 2:34am
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #6
  • Dec 16, 2013 8:47am Dec 16, 2013 8:47am
Second trade for the day.
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #7
  • Dec 16, 2013 10:58am Dec 16, 2013 10:58am
Hi Rooi,

Great to see a M1 trader, especially one that trades the Genesis Matrix System, I don't know why RJ banned me from that thread must be a control freak if you ask me, and he totally snubbed my PM.

I've been trying to tame the M1 Tf myself and I see you have gotten the hang of it, I had some success with M5 but I see that M1 has greater potential if you just get it right and have the confidence to take all your trades then of course your broker spreads

I trade with the MTF Stochs too but my settings are 14,3,5 a lot smoother than the 11,3,3 then I use M15 and M1 in M1 Time frame.
My questions are
What is the period MA on your M1 charts, and why combine M15 and M5 MTF Stochs on M1 charts?

I'd post my own charts if you don't mind btw and good pip nailing on the pips you nailed
Attached Image (click to enlarge)
Click to Enlarge Name: WHAT PERIOD MA.png Size: 49 KB
Let it turn and find your entry.
  • #8
  • Dec 16, 2013 12:08pm Dec 16, 2013 12:08pm
Hi mate

Yes sure.The MA is a 50 sma and there Stochs come with the gen system.

There is a pdf you can download that that RJ wrote about the 1 min scalping.The 15 stoch is higher time frame direction. 5 min is the meduim time fram derection and the 1 min is just the trading time frame

Best of luck
We miss 100% of the shots we don't take
  • #9
  • Edited 5:21pm Dec 16, 2013 5:10pm | Edited 5:21pm
Quoting Intrepidpips
I don't know why RJ banned me from that thread must be a control freak if you ask me, and he totally snubbed my PM................I trade with the MTF Stochs too but my settings are 14,3,5 a lot smoother than the 11,3,3
It has been explained on the Genesis thread, right from the very first post, and repeated over, and over and over again, the indicators that we use and the settings that we use MUST be used for the sake of newcomers to the thread and the system.

If everyone is going to introduce their own preferred settings and their own indicators etc etc then the Genesis System will become a complete mess, like many other threads and systems have become at FF, and then a newcomer to the thread/system will not be able to trade the Genesis system, because the system will have been lost in a jungle of outside indicators and settings. The newbie will lose.....the broker will win.

You failed to read the first post and started using different settings right from the get-go on the Genesis thread.....that's why you are no longer there.

It has nothing to do with 'RJ being a control freak'...it has everything to do with you not following the very few rules as laid out in the very first post.

http://www.forexfactory.com/showthread.php?t=373796
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10
  • Dec 17, 2013 1:02am Dec 17, 2013 1:02am
Quoting realjumper
{quote} because the system will have been lost in a jungle of outside indicators and settings. The newbie will lose.....the broker will win. You failed to read the first post and started using different settings right from the get-go on the Genesis thread.....that's why you are no longer there. It has nothing to do with 'RJ being a control freak'...it has everything to do with you not following the very few rules as laid out in the very first post. http://www.forexfactory.com/showthread.php?t=373796

Okay now don't get me wrong, I do appreciate the GMS
The thing with trading is that we all can't be clones of each other, yes I did state that I was one of the first followers of the thread without posting any charts but back then I was seeking the "Holy Grail" and I saw the GMS as giving lagging signals, there was no MTF Stochs then, but you gotta admit the GMS has evolved since.
At the time of my last post, Post number 1 had grown so lengthy and I just jumped in mid way without catching up with what is new on the thread via post #1, you and some other pointed me to the Stoch settings you use and I took a break and got distracted but when I came back to using the Stoch again I visited the thread and I saw that posting required 10v and I could not post my charts with 11,3,3 so I started doing my own research which led me to 14,3,5. When I turned ny attention to MTF indicators I downloaded the MTF Stoch from the GMS thread, though I found a better indicator later.

So you see the GMS has had it's influence on me but I have gone off a tangent and found my niche, believe it or not as at the time of my last posting on the thread I didn't like HA bars but for uniformity sake I used them to post my charts on the thread.
I don't wanna rock and tilt your boat over, but you gotta let people take the GMS as it is and then find their own rhythm for the market.

My system at the moment is similar to the GMS, it's like trading the GMS without the Matrix and Pivots.
I trade with 2 Stochs the M15 and the current time frame (be it M5 or M1) then moving averages.
I can tell you that in M1 you don't need to employ the M5 Stochs, as M5 stochs will turn at the extremes before M15 if you need to see M15 turn at the extremes.

Comparing the GMS settings with mine, I see the 11,3,3 on M15 being quicker on the Extreme turns but too frequent in M1, so I will watch to see if I can adopt 11,3,3 on M15.


No need to wish you good luck with the GMS it's already a runaway success.
I need to build my mental capital to close the "profit gap" of my system.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16TH DEC.png Size: 124 KB
Click to Enlarge Name: 16TH DEC COMPARISM.png Size: 136 KB
Let it turn and find your entry.
  • #11
  • Dec 17, 2013 1:20am Dec 17, 2013 1:20am
Quoting Intrepidpips
{quote} Okay now don't get me wrong, I do appreciate the GMS No need to wish you good luck with the GMS it's already a runaway success. I need to build my mental capital to close the "profit gap" of my system. {image} {image}
BTW, I didn't point out that the M15 regular divergence was more pronounced with the 14,3,5 settings.
Let it turn and find your entry.
  • #12
  • Dec 17, 2013 1:36am Dec 17, 2013 1:36am
Quoting Intrepidpips
there was no MTF Stochs then, but you gotta admit the GMS has evolved since.
MTF stochs is not an evolution....it is simply easier than switching TF's...the stoch and it's settings is the same as it has ever been. MTF is just convenient.....that's all.


Quoting Intrepidpips
I visited the thread and I saw that posting required 10v and I could not post my charts with 11,3,3 so I started doing my own research which led me to 14,3,5.
It's not that you "could not post your charts with 11,3,"....you could not post at all...period. I got sick and tired of people not reading Post #1.....as you have just admitted because it is "too long"......sorry, but that excuse doesn't fly. It takes less time to read Post #1 than it did for you to type your post to me above!! The onus is on YOU...to read Post #1 and familiarize yourself with the (few) rules of the thread. If you do not possess this discipline.....well...you're probably going to struggle to trade consistently well.


Quoting Intrepidpips
When I turned ny attention to MTF indicators I downloaded the MTF Stoch from the GMS thread, though I found a better indicator later. So you see the GMS has had it's influence on me but I have gone off a tangent and found my niche, believe it or not as at the time of my last posting on the thread I didn't like HA bars but for uniformity sake I used them to post my charts on the thread.
I'm happy that Genesis has been helpful to you. I wish it to be helpful to newcomers years from now.....and for that reason, we will keep outside indicators and settings off the thread.


Quoting Intrepidpips
I don't wanna rock and tilt your boat over, but you gotta let people take the GMS as it is and then find their own rhythm for the market.
I encourage people to do this....and I have said as much time and time and time again!!!! But......keep your *personal* modifications off the thread. It's really simple.


Quoting Intrepidpips
My system at the moment is similar to the GMS, it's like trading the GMS without the Matrix and Pivots. I trade with 2 Stochs the M15 and the current time frame (be it M5 or M1) then moving averages. I can tell you that in M1 you don't need to employ the M5 Stochs, as M5 stochs will turn at the extremes before M15 if you need to see M15 turn at the extremes. Comparing the GMS settings with mine, I see the 11,3,3 on M15 being quicker on the Extreme turns but too frequent in M1, so I will watch to see if I can adopt 11,3,3 on M15. No need to wish...
I'm not interested in a pissing contest. If you think that you have found something that works better *FOR YOU*....good. I have never said that Genesis cannot be improved.

I have said........consistently and continually that these personalisations *MUST* be kept off the thread so that new comers in months and years ahead of us can be afforded the same chance that *YOU* enjoyed.

If I were to have you on the thread posting charts and stuff as above, someone else will add (say) Coral.....then someone else will TDI.....then someone will GUPPY, then someone else will ichimoku, then we will have harmonic patterns....Elliot waves.....fibs....and on and on and on.....and the newcomers will not see a consistent *Starting point* that is profitable that they can use to build something for themselves....all they will see is a mongrel system that is a complete mess. The trading systems forum is littered with these 'systems' that are long dead. Who is the winner?.....the broker is the winner...again.

So...in conclusion....there are a few simple rules to follow to be able to participate on the thread. Follow the rules and you'll be fine. Try to modify the system and post it to the thread and your gone!! Other people on the thread right now use some different indicators, but they post proper Genesis charts, and there is an easy way to do that as explained a couple of times....very recently in fact.

There is no excuse.....follow the rules or you're gone. I'm more interested in the people who are yet to come, and I will do whatever it take to preserve this *base* system to help them take the banks money. If they can do that, and modify the system and 'fly from the nest'.....I have no problem with that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13
  • Dec 17, 2013 2:03am Dec 17, 2013 2:03am
Quoting realjumper
{quote} MTF stochs is not an evolution....it is simply easier than switching TF's...the stoch and it's settings is the same as it has ever been. MTF is just convenient.....that's all.
I meant you had not started using it then, you had not added it to the mix in fact the ones I was familiar with then were drawing squiggly lines until I saw the one you introduced to the GMS.

This is no competition. I understand now you had to protect the integrity of the GMS "base" which I have benefited from, but like I said I posted with HA candles in the spirit of uniformity, had I posted with 11,3,3 I'd have remained in the thread? maybe, I don't miss being in any particular thread, I visit when I like and post when I chose to but wish you had replied my PM long ago something like .... Intrepidpips for now you are out, you need to read post 1 again and adhere then you will be welcome back. Simple courtesy.

To be honest if I were to post on GMS I would but not with my charts as they are now, I may have a thing or two to share but that is ruled out by you.
Much love and respect to RJ a more experienced and successful trader.
Let it turn and find your entry.
  • #14
  • Dec 17, 2013 2:09am Dec 17, 2013 2:09am
Quoting Intrepidpips
{quote} I meant you had not started using it then, you had not added it to the mix in fact the ones I was familiar with then were drawing squiggly lines until I saw the one you introduced to the GMS. This is no competition. I understand now you had to protect the integrity of the GMS "base" which I have benefited from, but like I said I posted with HA candles in the spirit of uniformity, had I posted with 11,3,3 I'd have remained in the thread? maybe, I don't miss being in any particular thread, I visit when I like and post when I chose to but wish...

It's got nothing to do with courtesy and everything to do with logistics. Do you honestly expect me to PM everyone who has ever posted to thread to nicely tell everyone, assuming I could find everyone, that the thread is now closed to all unless they have 10+v or are exempted from this requirement? I did what any one else would have done, I made a general statement to EVERYONE who read the thread in a single post. Everyone else was fine about that, but not you. Perhaps you missed that post, but that is no reason to blame me.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15
  • Dec 17, 2013 2:13am Dec 17, 2013 2:13am
And I should add that your chart is wrong.....The M1 method of trading Genesis has never used the M1 stoch
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16
  • Dec 17, 2013 2:23am Dec 17, 2013 2:23am
Quoting Intrepidpips
{quote} and found my niche, believe it or not as at the time of my last posting on the thread I didn't like HA bars but
....but now I LOVE HA bars.

My M30 plan to be implemented from January 2014 has HA as a big part of it.
Attached Image (click to enlarge)
Click to Enlarge Name: M30 PLAN.png Size: 87 KB
Let it turn and find your entry.
  • #17
  • Dec 17, 2013 2:34am Dec 17, 2013 2:34am
Quoting realjumper
And I should add that your chart is wrong.....The M1 method of trading Genesis has never used the M1 stoch
Sorry RJ you missed that point, I wasn't posting the GMS chart, I said my system which chart I posted is similar to the GMS.
The GMS M1 chart has the M5 stoch my M1 chart has M15 Stoch and M1 Stoch
My M5 chart has M15 Stoch and M5 Stoch.
Come to think of it you would have 50 times the number of PMs I have so yeah it would be an inconvenience on you to answer all the PMs you get so it had to take this thread to get a reply from you, I appreciate this.
Still you rock.
Let it turn and find your entry.
  • #18
  • Dec 17, 2013 2:42am Dec 17, 2013 2:42am
Quoting Rooi
Second trade for the day. {image}
I like the confidence you have in your M1 set-ups evidenced by how you are able to add-on to your trades, how do you do that?
Let it turn and find your entry.
  • #19
  • Dec 17, 2013 2:47am Dec 17, 2013 2:47am
Quoting Intrepidpips
{quote} Sorry RJ you missed that point, I wasn't posting the GMS chart, I said my system which chart I posted is similar to the GMS. The GMS M1 chart has the M5 stoch my M1 chart has M15 Stoch and M1 Stoch My M5 chart has M15 Stoch and M5 Stoch. Come to think of it you would have 50 times the number of PMs I have so yeah it would be an inconvenience on you to answer all the PMs you get so it had to take this thread to get a reply from you, I appreciate this. Still you rock.
No...you try to be clever by saying that the M1 stoch 11,3,3 on an M1 chart is "Too Frequent".....as if Genesis M1 uses the M1 stoch...it does not!

I can see that you feel somewhat miffed that I did not personally contact you and tell you of the decision to close the thread to all buy 10v+ members, and those that the team chose to exempt. Until that was done, in order to satisfy you, I would have had to go back though thousands of posts to take names in order to PM everyone individually. However, I took the sensible approach and announce this to everyone at the same time time on the thread. You missed the post....too bad for you.

The only reason I replied to this thread at all was because of your snide remark "I don't know why RJ banned me from that thread must be a control freak if you ask me"
'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20
  • Dec 17, 2013 2:53am Dec 17, 2013 2:53am
hahaha.

This got out of hand very quickly

This is my last post and will not be posting again to the thread.Thanks RJ for the System.Everyone can check it outi if they want I found it really useful.No need to change anything.Everything is there that you need
http://www.forexfactory.com/showthread.php?t=373796

Good luck and good trading people
We miss 100% of the shots we don't take
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