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Genesis Matrix Trading

  • #20,681
  • Jan 4, 2014 11:52pm Jan 4, 2014 11:52pm
Quoting Fame of me
{quote} Ok, i got it done Let me know, when you want to see my way. No, i dont want post it here without RJ yes.
Hi FOM. Can I get one copy also if you don't mind, thank you so much.

Appreciated.
  • #20,682
  • Jan 5, 2014 7:33am Jan 5, 2014 7:33am
FOM
PM me a copy as well please. I would like to track and compare entries vs using stochs for January. I lb the system s. S but always Open to studying possible improvements.
  • #20,683
  • Jan 5, 2014 7:58am Jan 5, 2014 7:58am
Quoting Fame of me
{quote} Ok, i got it done Let me know, when you want to see my way. No, i dont want post it here without RJ yes.

PM me a copy as well please.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #20,684
  • Jan 5, 2014 8:09am Jan 5, 2014 8:09am
Quoting panamamike
FOM PM me a copy as well please. I would like to track and compare entries vs using stochs for January. I lb the system s. S but always Open to studying possible improvements.
Please don't start any stats with vs. stochs

THIS IS JUST MY WAY TO TRADE GENESIS and no battle with stoch

btw @ all, when u want the PDF send me a PM, dont want to make this thread a trash and RJ will be shocked when he comes back
  • #20,685
  • Jan 5, 2014 8:23am Jan 5, 2014 8:23am
Guy's lets talk about this year.
What your plans in the Forex World?

Some of us still not successfully and I guess the biggest problem are not the entry's - exits, its more the wrong management.

What's your thought?
  • #20,686
  • Jan 5, 2014 8:51am Jan 5, 2014 8:51am
Quoting Fame of me
Guy's lets talk about this year. What your plans in the Forex World? Some of us still not successfully and I guess the biggest problem are not the entry's - exits, its more the wrong management. What's your thought?

Well, I'm an aggressive trader when it comes to MM. The longer term TF I'm still running on Genesis I risk 10% of the balance. Most of my equity is "floating" by nature of the strategy, so figuring on balance isn't really that high.

On the M1 & M5, I'll be risking 5% based on stoploss. Based on an average s/l of 10 pips that would obviously give a return of 5% on a 10 pip move.
My goal is going to be 20 pips a day.
If I can reach that it would double account about every 8 trading days (don't trade every day) with compounding.
I know that's pie in the sky...but a man's gotta dream.
  • #20,687
  • Jan 5, 2014 9:39am Jan 5, 2014 9:39am
Quoting spyderman
{quote} Well, I'm an aggressive trader when it comes to MM. The longer term TF I'm still running on Genesis I risk 10% of the balance. Most of my equity is "floating" by nature of the strategy, so figuring on balance isn't really that high. On the M1 & M5, I'll be risking 5% based on stoploss. Based on an average s/l of 10 pips that would obviously give a return of 5% on a 10 pip move. My goal is going to be 20 pips a day. If I can reach that it would double account about every 8 trading days (don't trade every day) with compounding. I know that's...
Wow, you must have nerves of steel
I'm risking 2-3% and I thought that I risk too much
  • #20,688
  • Jan 5, 2014 12:34pm Jan 5, 2014 12:34pm
Quoting Fame of me
Guy's lets talk about this year. What your plans in the Forex World? Some of us still not successfully and I guess the biggest problem are not the entry's - exits, its more the wrong management. What's your thought?
Hi FoM,

good question ... I think the TS is just a piece of the puzzle and IMHO not the most important. Of course you need to have a TS with an edge otherwise you loose time and money but even if there are many good systems many traders can't win.

I think one has to follow the following step in each trade :

SET UP
1) Market HTFs analysis and understanding
2) Game plan (what if analysis)
EXECUTION
3) Entry signal
4) MM
5) Management (what do I do at the first traffic area? BE, scaling, TP) --> if you didn't make a good setup phase it is more difficult to manage your trades
6) Exit (SL or TP)

MM is another very important piece of the puzzle and in some way strongly correlated to psychological side of the game and a lack of trading/business plan
You control how you trade; the market controls how and when you'll get paid
  • #20,689
  • Edited 12:55pm Jan 5, 2014 12:38pm | Edited 12:55pm
Quoting nikz
{quote} Wow, you must have nerves of steel I'm risking 2-3% and I thought that I risk too much
It depends on the amount of one's total equity which is used for forex trading ...
If one invests 100K$ in diversified financial tools with long term objectives and only 10k$ in Forex for day trading it could make sense ;-)
You control how you trade; the market controls how and when you'll get paid
  • #20,690
  • Jan 5, 2014 1:07pm Jan 5, 2014 1:07pm
Quoting spyderman
{quote} Well, I'm an aggressive trader when it comes to MM. The longer term TF I'm still running on Genesis I risk 10% of the balance. Most of my equity is "floating" by nature of the strategy, so figuring on balance isn't really that high. On the M1 & M5, I'll be risking 5% based on stoploss. Based on an average s/l of 10 pips that would obviously give a return of 5% on a 10 pip move. My goal is going to be 20 pips a day. If I can reach that it would double account about every 8 trading days (don't trade every day) with compounding. I know that's...
WOW 10%!
Why on longterm so much? I mean, your sl would also bigger then in shortterm like M1-M5 - and you lose also bigger.

I am a little babygirl and start to cry when i go over 3% *lol*
  • #20,691
  • Jan 5, 2014 1:09pm Jan 5, 2014 1:09pm
Quoting nikz
{quote} Wow, you must have nerves of steel I'm risking 2-3% and I thought that I risk too much
Lol...not really. I just feel that if whatever strategy I'm implementing is solid then I'll be okay. Risking a lower percentage won't make my trades any more or less successful. If my strategy is flawed, with a lower % risk, the account will just bleed to death more slowly.

Conversely, if I have a strategy that is successful, I'd just as soon risk a bit more for a more rapid growth rate. As account balance increases I would scale back the percentage accordingly.
  • #20,692
  • Jan 5, 2014 1:15pm Jan 5, 2014 1:15pm
Quoting Fame of me
{quote} WOW 10%! Why on longterm so much? I mean, your sl would also bigger then in shortterm like M1-M5 - and you lose also bigger. I am a little babygirl and start to cry when i go over 3% *lol*
Yes s/l is a bit bigger. But remember (if you've looked at my other LTF posts). I'm actually entering on the M15 but using the other TF's to establish direction. All TF's must be in sync...from M15 to W1. So the stops aren't really that much bigger on M15...maybe 25 to 40 pips.

I move my stop to BE when profit is equal to original stop, then trail until profit is locked at the level of the original stop. After that I switch to the 4H, D1 & W1 as discussed earlier.
  • #20,693
  • Jan 5, 2014 3:14pm Jan 5, 2014 3:14pm
Quoting Fame of me
{quote} WOW 10%! Why on longterm so much? I mean, your sl would also bigger then in shortterm like M1-M5 - and you lose also bigger. I am a little babygirl and start to cry when i go over 3% *lol*
I only risk 1-1.5% depending if it's a re-entry vs original trade.

10% is huge! You might want to read this...........

http://traderkingdom.com/trading-fut...r-risk-of-ruin

The aim of the game is to build a smooth equity curve.............as RJ has said - be the turtle not the hare..........

When it's all said and done............it's your account......do what you like.

PM1
  • #20,694
  • Jan 5, 2014 3:24pm Jan 5, 2014 3:24pm
Quoting PipMonster1
{quote} I only risk 1-1.5% depending if it's a re-entry vs original trade. 10% is huge! You might want to read this........... http://traderkingdom.com/trading-fut...r-risk-of-ruin The aim of the game is to build a smooth equity curve.............as RJ has said - be the turtle not the hare.......... When it's all said and done............it's your account......do what you like. PM1
Oh I have a nice curve on my body and account *lol*

Its a good link PM1.
  • #20,695
  • Jan 5, 2014 3:43pm Jan 5, 2014 3:43pm
My plan for 2014 will be to aim for 15 pips a day, with 2% risk starting from an equity of 10k. I'm trading on FXCM and will be using standard lot, never more than 2 trades open at the same time, except on BE, and finally limiting my leverage from 1:10 to 1:20. I don't want to be over-leveraged.

Right now I'm watching 6 pairs + Gold :

AU
EU
NU
UCad
UChf
UJ

I plan to reduce that number by 50%. I don't want to watch to many pairs and making poor decision because of it. I also plan to try to learn more the Yen cross because I'm not use to them right now.

I will mostly trade based on the 1M-5M method with stoch, while checking Support-Resistance level and HTF direction.

I'm ready to take 2014 by the horn! Happy trading all

Malouin
Slowly, but surely...
  • #20,696
  • Jan 5, 2014 4:20pm Jan 5, 2014 4:20pm
Quoting Malouin
My plan for 2014 will be to aim for 15 pips a day, with 2% risk starting from an equity of 10k. I'm trading on FXCM and will be using standard lot, never more than 2 trades open at the same time, except on BE, and finally limiting my leverage from 1:10 to 1:20. I don't want to be over-leveraged. Right now I'm watching 6 pairs + Gold : AU EU NU UCad UChf UJ I plan to reduce that number by 50%. I don't want to watch to many pairs and making poor decision because of it. I also plan to try to learn more the Yen cross because I'm not use to them right...
Malouin,

That's a lot of pairs to watch just to get 15 pips. How do you get 15 pips easier?? Find pairs that are volatile but have some controlled volatility - i.e. trend well. Look for HPT on say 2 pairs...........15 pips should be quite easily achived.

That's what I'm doing this year. Made the mistake last year, initially, of trading 4 pairs...........quite hard actually to do it well so now I concentrate on 2 pairs for the session I'm trading.

PM1
  • #20,697
  • Jan 5, 2014 4:35pm Jan 5, 2014 4:35pm
Quoting PipMonster1
{quote} Malouin, That's a lot of pairs to watch just to get 15 pips. How do you get 15 pips easier?? Find pairs that are volatile but have some controlled volatility - i.e. trend well. Look for HPT on say 2 pairs...........15 pips should be quite easily achived. That's what I'm doing this year. Made the mistake last year, initially, of trading 4 pairs...........quite hard actually to do it well so now I concentrate on 2 pairs for the session I'm trading. PM1
Thanks for sharing your experience PM Thats exactly why I want to reduce the number of pairs I watch, I don't want to jump from one pair to another and make some careless decisions. I know that right now, the Yen cross got some good volatibility, but I'm not use to them. I will take a look again at the website RJ did re-post some time ago.

As for the 15 pips, I prefer aiming for an easy target, and get some extra bonus, than chasing something which will make me burn myself. 15 pips a day with a 10k equity give some good result if I compound for some weeks

I also need to choose my best trading time laps for 2014. Initially, the London session was one of the best session to trade, but recently it seem that the market is giving some good pips on the asian session too, which would be better for me as I'm in the East Time Zone.

Malouin
Slowly, but surely...
  • #20,698
  • Jan 5, 2014 4:41pm Jan 5, 2014 4:41pm
Hmm, why not just using one volati pair like EA and put all focus on this?
  • #20,699
  • Jan 5, 2014 4:46pm Jan 5, 2014 4:46pm
Quoting Fame of me
Hmm, why not just using one volati pair like EA and put all focus on this?
EA is one of my favourite FOM..................GA is my new friend as well. It has some nice trends.

PM1
  • #20,700
  • Jan 5, 2014 4:47pm Jan 5, 2014 4:47pm
Quoting PipMonster1
{quote} EA is one of my favourite FOM..................GA is my new friend as well. It has some nice trends. PM1
We on the same site PM1
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