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Genesis Matrix Trading

  • #20,581
  • Dec 20, 2013 12:59am Dec 20, 2013 12:59am
Quoting thomasK
{quote} I also thought some time ago that Dax is a beast. Now is one of my best friends.... Here is a small trick if you dont use it already. Usually Dow, Dax and Ftse move together. Have the discipline to take trades when all three point to the same direction AND of course all other usual trading rules apply. The beast will become a loyal servant this way. For instance RJ mentioned a few messages back that someone he knows destroyed his account on yesterday's FOMC. In 2-3 minutes after FOMC announcement all the above three indices were pointing...
I have traded the Dax futures before. You think that is a beast well try the Hang Seng thats volatile. One day I went to close out and my platform froze . By the time i rang the broker and he closed it out for me, guess what it didn't go in my favour. When trading longer time frames you don't have as many contracts open. But on the shorter time frame charts if something goes wrong like that did its panic stations.


ECO
Enter Signature
  • #20,582
  • Dec 20, 2013 1:07am Dec 20, 2013 1:07am
If what you are looking for is smth like what I have done below,
go there:

http://www.techsmith.com/jing.html
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  • #20,583
  • Dec 20, 2013 1:32am Dec 20, 2013 1:32am
GM - I've got a bug so expecting a ranging day yesterday, I stayed in bed for most of it.

GU was already falling into FO, with all signals confirming, so an easy sell. PA not reliable before LO, so happy to take 15 pips after the spike under yesterday's low and then blue coming into the 1m matrix.....
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Trading Levels with WRBs
  • #20,584
  • Dec 20, 2013 2:57am Dec 20, 2013 2:57am
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}
I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement


In any case, thank you a lot to all for the help you sent me, but I leave

good luck to all and thank you again
  • #20,585
  • Dec 20, 2013 3:11am Dec 20, 2013 3:11am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
You haven't understood that FX trading is not as simple as entering solely because stochs and matrix 'line up'. You have received some great advice from several people here, and you haven't even bothered to consider what I wrote in this post.

If trading this (or any system) was as simple as you seem to think it is, we would just make Genesis into an EA and watch the money roll in. Sadly, as I have said, FX trading takes time, dedication and understanding of how the markets work.

If you're not going to put in the 'hard yards' for as long as it takes, you are going to fail....and I don't mean that in a nasty way....but it's a fact!

Good luck searching for something that suits you, clearly Genesis isn't it......but I reiterate, without putting in the considerable effort required, no system will help you.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,586
  • Dec 20, 2013 3:52am Dec 20, 2013 3:52am
Quoting realjumper
{quote} 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...
RJ
If you just want a screen shot of one of your monitors press the ALT key as you press Fn, Prt Sc, this works for me, I on windows 7. Not sure if we set up the same but worth a shot.
anth
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #20,587
  • Dec 20, 2013 4:05am Dec 20, 2013 4:05am
Quoting anthm
{quote} RJ If you just want a screen shot of one of your monitors press the ALT key as you press Fn, Prt Sc, this works for me, I on windows 7. Not sure if we set up the same but worth a shot. anth

Thanks...I just tested that and it works fine. Good tip. Thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,588
  • Dec 20, 2013 4:35am Dec 20, 2013 4:35am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
Plenty of reasons that happen's, could be a big option expiry at that level that turned it ect ect ect ect. That's the cost of doing business. As I think RJ said once don't worry about daily losses ect. The main thing is at the end of the months wash up your in front.

cheers ..............ECO
Enter Signature
  • #20,589
  • Dec 20, 2013 5:05am Dec 20, 2013 5:05am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
All the best jimi,

there is a theory that it takes 10,000 hours to get good at anything.
that is 5 years worth of 40 hour weeks.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #20,590
  • Dec 20, 2013 5:11am Dec 20, 2013 5:11am
Quoting anthm
{quote} RJ If you just want a screen shot of one of your monitors press the ALT key as you press Fn, Prt Sc, this works for me, I on windows 7. Not sure if we set up the same but worth a shot. anth
That what I used when trading from my laptop on my VPS. I now trade from my Mac Pro running windows via vmware fusion. In addition I want to be able to annotate the charts for each entry and exit. I will do some research over the weekend and/or during the holidays and test some programs so I have it ready to go when the new year starts.
  • #20,591
  • Dec 20, 2013 5:13am Dec 20, 2013 5:13am
Quoting ExcessFX
{quote} All the best jimi, there is a theory that it takes 10,000 hours to get good at anything. that is 5 years worth of 40 hour weeks. ExcessFX


I hope it doesn't take me that long...............I think it's about being active and not passive with your own learning. Trying to find patterns and working with the ebbs and flows of the system..........

PM1
  • #20,592
  • Dec 20, 2013 5:20am Dec 20, 2013 5:20am
Quoting PipMonster1
{quote} I hope it doesn't take me that long...............I think it's about being active and not passive with your own learning. Trying to find patterns and working with the ebbs and flows of the system.......... PM1
I agree PM1!
My trading is getting better all the time, and as RJ mentioned, having the Genesis system will shave hours off the learning curve

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #20,593
  • Dec 20, 2013 5:56am Dec 20, 2013 5:56am
Quoting ExcessFX
{quote} All the best jimi, there is a theory that it takes 10,000 hours to get good at anything. that is 5 years worth of 40 hour weeks. ExcessFX
LOL - I don't EVER remember working a 40 hour week - even when an employee - 50+ was my norm for more than 40 years......and recently, more than that when I was learning about trading......something about reaping what you sow comes to mind.....
Trading Levels with WRBs
  • #20,594
  • Dec 20, 2013 6:42am Dec 20, 2013 6:42am
Had this trade up at the time but didn't take. Mainly because it was 30 minutes till NYO.
But for learning it was a good example for me.

So how do you all feel about the 5M stoch. Technically not coming immediately from down low, but it had crossed back up and the other stochs look good.
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  • #20,595
  • Dec 20, 2013 7:34am Dec 20, 2013 7:34am
Quoting ExcessFX
{quote} All the best jimi, there is a theory that it takes 10,000 hours to get good at anything. that is 5 years worth of 40 hour weeks. ExcessFX
It took me 30 months before I started being consistently profitable in this business.
During that period I had 8 hours trading time per day plus 3-5 more hours of study EVERY day 7 days per week.

Out of these 30 months, it took me almost a year to come over the break even point.
For 12 months I couldnt lose, but couldnt win either..............
Super frustrating.....
Enter Signature
  • #20,596
  • Dec 20, 2013 8:44am Dec 20, 2013 8:44am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
It can be due to various reasons; important news, strong S/R level of certain pair, period of the day....Mostly those are the things that you need to do/examine by yourself and that is the "discrete" part. No system or EA will do this for you. Combined with mechanical parts of the system (eg. same direction of matrix, stochs, ASCT) genesis will give you the edge. If you have more HTFs aligned, you will be with the trend and your chances for HPT will increase.
If I have everything above, and still price hit my SL, I will take my loss with no problem. Nothing is 100% (except death and taxes ).

So my advice is, if you decide to continue with genesis, leave M1 trading to more experienced/versatile traders, where "discrete" part plays bigger role and focus on M5 or M15.
  • #20,597
  • Dec 20, 2013 9:13am Dec 20, 2013 9:13am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
I would never expect anybody to be consistent with whatever TS at all if he's not even following the system rules yet, not to mention absence of a detailed plan and psychological issues. If memory serves, just several days ago you wrote you had problems with all of the above. Instead of trying to sort out that, not even system-related but, yep, 'I-tend-to-screw-things-up-a-little-and-still-miss-a-lot' stuff, you decided to simply dump it - always much easier, and exciting btw, to do the 'systemjumper' thing while ignoring the obvious...
The single most important factor is having control of your own life.
  • #20,598
  • Dec 20, 2013 9:16am Dec 20, 2013 9:16am
Quoting jimi
{quote} I could post a lot of charts where you have all stochs aligned, all the matrix in the same colour and the price jump immediatly in the opposit direction with no more retracement In any case, thank you a lot to all for the help you sent me, but I leave good luck to all and thank you again
Post those charts, so we can see

You have been here a very short time, you have not taken the time or put in the effort it takes to start to be a good trader, and your search for the magic bullet will go on for ever..............w bad results.

Good Luck............you need it.

J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,599
  • Dec 20, 2013 9:20am Dec 20, 2013 9:20am
Quoting jjre65
{quote} Post those charts, so we can see You have been here a very short time, you have not taken the time or put in the effort it takes to start to be a good trader, and your search for the magic bullet will go on for ever..............w bad results. Good Luck............you need it. J.
Spot on with the summary as usual J.

Another trader looking for the elusive non-existent 'holy grail'.

SP.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #20,600
  • Dec 20, 2013 9:58am Dec 20, 2013 9:58am
I had two sell trades today on E/A, both were M1 entries.

The first was kind of aggressive and I was stopped out for -15 pips . Awhile later I found a better entry point on the same pair and that one did much better (+32 pips)
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