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Genesis Matrix Trading

  • #20,561
  • Dec 19, 2013 12:24pm Dec 19, 2013 12:24pm
Not able to be consistent...............

anyone could help me please?
  • #20,562
  • Dec 19, 2013 2:46pm Dec 19, 2013 2:46pm
Quoting jimi
Not able to be consistent............... anyone could help me please?
Im sure one of the senior members will help here, but my suggestion is to maybe concentrate on M5 TF.
Set your M5 chart up so that it has a M5, M15, H1 & H4 stochastic. Only take trades that agree with all of these plus the M5 matrix. Post 20,517 has a M5 chart sample to the right hand side of picture.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #20,563
  • Dec 19, 2013 2:47pm Dec 19, 2013 2:47pm
Quoting jimi
Not able to be consistent............... anyone could help me please?
Same advice as before, I did say gradually.

Cant tell how long it will take, but you need to practice and re-assess when you tick off your entry signals, PRIOR to entry, did you write your entry signals clearly enough ?

Only the post-trade review can identify what part of your entry signals didnt you comply with.

I have mentioned before how I talk to myself (out loud) talking through my signals, and count them down, while after I enter, I then quickly write down on my log a re-check, then as PA "breathes", and I can then keep the trade running as it is a disciplined trade.

That took a lot of hard work to instill that
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,564
  • Dec 19, 2013 2:48pm Dec 19, 2013 2:48pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jimi
Not able to be consistent............... anyone could help me please?

Try a completely different approach to your trading. eg: just allow yourself 1 trade per session. There is no rushing in trading and if you do not have consistency then there is no harm in slowing down, as that 1 trade may be the way to consistency. This fits with the +10 pips per day idea. It also makes you take care. After some time of this you also have a different outlook on price action, the times for trading etc, etc.

It may be time to take a break from trading as Mr Market slows for the holiday period - a good time for homework like night flying, going through higher timeframes, and baking cookies, bread, doughnuts with cream and raspberry jam, and opening a cake shop!

Cheers, Jimi
Jamz
  • #20,565
  • Dec 19, 2013 2:48pm Dec 19, 2013 2:48pm
Quoting panamamike
I have a question as to posting charts and trades. I have a 6 screen setup. Does anyone know a good tool for taking screen shots and annotating charts? I need to be able to crop the area as when I take screen shots now, all six show up. PM me if you have any ideas or suggestions.
Did you try Windows' snipping tool? I have always used that to quickly capture chart images. You could then insert textboxs for annotation
  • #20,566
  • Dec 19, 2013 3:32pm Dec 19, 2013 3:32pm
My problems start when I took a SL.................
  • #20,567
  • Dec 19, 2013 4:39pm Dec 19, 2013 4:39pm
Quoting jimi
Not able to be consistent............... anyone could help me please?
The way I see it jimi, you are taking too many risks. I was dropping hints to you yesterday that the market is quiet, that the market is digesting FOMC, that the end of the year is nearly here etc etc, but you were still taking trades that many of us would not take.

The market is not going anywhere, it will be here tomorrow. You don't need to try and score all the goals of the season in a single game!!

Even on a small TF like M1, on any given currency pair I see perhaps 1 perfect setup per session. The other set ups look pretty good, but not perfect. Take only the perfect set up.

Also, as ExcessFX says, you might want to consider going to the M5 method.

One more thing, don't be surfing around different charts all day scanning for a setup....you might find something, but more likely you will miss most entries and you will never get a 'feel' for the personality of any given pair. I used to watch many pairs, but since I started focusing on just 2 (EA and GJ), I have come to know them quite well and I can 'feel' when a set up looks suspicious and when it looks obvious. I may change one, or both of those pairs if the volatility of either (or both) gets too small, and find substitutes......but monitoring 2 pairs closely is something that my account thanks me for!

Lastly, the 'glue' that binds all of the above together is the 'holy grail' of trading.....PATIENCE!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,568
  • Dec 19, 2013 4:43pm Dec 19, 2013 4:43pm
Quoting panamamike
I have a question as to posting charts and trades. I have a 6 screen setup. Does anyone know a good tool for taking screen shots and annotating charts? I need to be able to crop the area as when I take screen shots now, all six show up. PM me if you have any ideas or suggestions.
I guess it depends on your setup. I stretch MT4 across my 2 monitors, so as far as taking a screeshot goes, the computer thinks it is all one desktop and shots the whole lot. I then crop and edit in Photoshop, but there are dozens of free graphics tools available for picture editing.

There is another tool that I used to have that allows you to drag a rectangle anywhere on your desktop, and upon release of the mouse, it shots the area you selected only....which would be perfect for you. I don't have the tool or remember it's name, but if you google 'freeware screenshot tools' or go to www.tucows.com and work your way through the graphics tools section, I'm sure you'll find something similar.

EDIT: After a coffee....a strong one....my memory is restored...lol.....the tool I used was called MWSnap.....and you can find it here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,569
  • Dec 19, 2013 4:57pm Dec 19, 2013 4:57pm
Quoting Martyfish
{quote} Same advice as before, I did say gradually. Cant tell how long it will take, but you need to practice and re-assess when you tick off your entry signals, PRIOR to entry, did you write your entry signals clearly enough ? Only the post-trade review can identify what part of your entry signals didnt you comply with. I have mentioned before how I talk to myself (out loud) talking through my signals, and count them down, while after I enter, I then quickly write down on my log a re-check, then as PA "breathes", and I can then keep the trade running...
I agree Marty. Being consistently profitable is no easy thing. It took me about 3 years to gain consistency......I'm not joking.....that's how long it took. It should be a MUCH shorter learning curve for those following Genesis though, because I had nothing at all to start from. But even so, it will not happen overnight.....it takes time, *PATIENCE*, and dedication......there's no magic available.....it takes time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,570
  • Dec 19, 2013 5:12pm Dec 19, 2013 5:12pm
I can't recall who showed the following to me, so I cannot take credit for finding this little gem of a tool. Please get in touch with me (you know who you are) and I will add this to Post#1 and credit you with it's discovery.

Anyway...on this page you will find the coolest of volatility tools. It will show you which pairs are returning the best amount of pips over a given period, so that you can perhaps review the pairs you trade.

1. So, go to the page

2. In the 'Volatility calculated over the last Weeks' text box, enter '2' and 'Submit Query'

3. Click the word 'Pips' at the top of the table and this will order the table by Pips Ascending.

4. Click it again and this will order the table by Pips Descending.

5. Have coffee and enjoy
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,571
  • Dec 19, 2013 6:37pm Dec 19, 2013 6:37pm
Quoting realjumper
{quote} I agree Marty. Being consistently profitable is no easy thing. It took me about 3 years to gain consistency......I'm not joking.....that's how long it took. It should be a MUCH shorter learning curve for those following Genesis though, because I had nothing at all to start from. But even so, it will not happen overnight.....it takes time, *PATIENCE*, and dedication......there's no magic available.....it takes time.
With Genesis its taken me 8 months or maybe more........since my first post anyway

I went through a stage where I thought I was trading Genesis, but I wasnt. I had the Genesis charts up, but thats about all.
I wasnt following the system, or the rules.
As you know, my candle watching/market chasing issues were horrid. Real time IFR was my latest 'eureka' moment, and the effect on my trading has been profound.
Im glad for the time its taken to date. As with anything, you have to go through a rite of passage if you really want to succeed. Ive got a long way to go, but I know Im on the right track.

You and the team have done an amazing job RJ, and some nice baking along the way.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,572
  • Dec 19, 2013 7:10pm Dec 19, 2013 7:10pm
Quoting jjre65
{quote} Real time IFR was my latest 'eureka' moment

I tried the IFR but had problems with the stochs working. I replaced the #MTF with the standard M5 stoch but how do you get the M15 to work.
I'd like to spend some more time this weekend on that.
  • #20,573
  • Dec 19, 2013 7:27pm Dec 19, 2013 7:27pm
Quoting spyderman
{quote} I tried the IFR but had problems with the stochs working. I replaced the #MTF with the standard M5 stoch but how do you get the M15 to work. I'd like to spend some more time this weekend on that.
I dont know about simulated IFR...........Ive only done it real time, when the market is open.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,574
  • Dec 19, 2013 7:58pm Dec 19, 2013 7:58pm
Just closed a EA Short trade, 41 pips exceeds my target, so going to stop here for today.
I had a horrible Tokyo session earlier in the week, but after adding the H1 & H4 stochs to my charts, my trades have been a whole lot better.
These trades later in the week have practically all been on M5, and have yielded some nice pips.

I hope London & NY Sessions go well for everyone

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #20,575
  • Dec 19, 2013 10:04pm Dec 19, 2013 10:04pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting spyderman
{quote} I tried the IFR but had problems with the stochs working. I replaced the #MTF with the standard M5 stoch but how do you get the M15 to work. I'd like to spend some more time this weekend on that.

I found I had to put huge numbers into the stochs to get any resemblance to 5 and 15 and then they still lagged 4/5 minutes behind realtime stoch but still very useful. Try:
40 10 20 simple close/close for M5
80 30 20 simple close/close for M15

Happy Homeworking Holidays everyone! :nerd:Ho Ho Ho!
  • #20,576
  • Dec 19, 2013 11:40pm Dec 19, 2013 11:40pm
Quoting Jamz
{quote} I found I had to put huge numbers into the stochs to get any resemblance to 5 and 15 and then they still lagged 4/5 minutes behind realtime stoch but still very useful. Try: 40 10 20 simple close/close for M5 80 30 20 simple close/close for M15 Happy Homeworking Holidays everyone! :nerd:Ho Ho Ho!
This is the very last recommendation Im going to make re real time IFR trading.....................nobody seems to think that taking a week out of their time to do this is more productive than trading poorly and then doing simulated trading in the weekend, when, I bet, trades will be taken that wouldnt be taken on IFR real time. You dont have to piss about w re-configs of stochs or anything.

It doesnt matter if you do the test on your favourite pairs or not, 1 day into the test, if you are true to it, and dont consult any other charts, PA is at is a figment of your imagination.....as it should be......hence the system.

Genesis is not a confirmation of what you think is going to happen, it is whats happening......stop thinking.

Im tired and grumpy, but I think I would stand by this post in the morning.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,577
  • Dec 19, 2013 11:59pm Dec 19, 2013 11:59pm
Quoting jjre65
{quote} This is the very last recommendation Im going to make re real time IFR trading.....................nobody seems to think that taking a week out of their time to do this is more productive than trading poorly and then doing simulated trading in the weekend, when, I bet, trades will be taken that wouldnt be taken on IFR real time. You dont have to piss about w re-configs of stochs or anything. It doesnt matter if you do the test on your favourite pairs or not, 1 day into the test, if you are true to it, and dont consult any other charts, PA...
HI jjre65. Sorry to ask, can I know what is IFR stand for?thanks.
  • #20,578
  • Dec 20, 2013 12:05am Dec 20, 2013 12:05am
Quoting Gold Miner
{quote} HI jjre65. Sorry to ask, can I know what is IFR stand for?thanks.
Go to post #1 of the thread
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,579
  • Dec 20, 2013 12:22am Dec 20, 2013 12:22am
Quoting jjre65
{quote} This is the very last recommendation Im going to make re real time IFR trading.....................nobody seems to think that taking a week out of their time to do this is more productive than trading poorly and then doing simulated trading in the weekend, when, I bet, trades will be taken that wouldnt be taken on IFR real time. You dont have to piss about w re-configs of stochs or anything. It doesnt matter if you do the test on your favourite pairs or not, 1 day into the test, if you are true to it, and dont consult any other charts, PA...
And you should stand by your post....it's a beauty...thank you

IFR trading on the weekend through the simulator is good ........ 'live' IFR trading such as you did for the 5 days is unbeatable. It's one week out of 50, that could very easily make the outstanding 50 much more profitable...good on yer J
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,580
  • Dec 20, 2013 12:23am Dec 20, 2013 12:23am
Quoting ExcessFX
Just closed a EA Short trade, 41 pips exceeds my target, so going to stop here for today. I had a horrible Tokyo session earlier in the week, but after adding the H1 & H4 stochs to my charts, my trades have been a whole lot better. These trades later in the week have practically all been on M5, and have yielded some nice pips. I hope London & NY Sessions go well for everyone ExcessFX {image}
Excellent!! I've been out all day so it's nice to come back to see that the banks haven't had it all their own way
Doing what you like is Freedom. Liking what you do is Happiness.
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