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Genesis Matrix Trading

  • #21,301
  • Jan 18, 2014 8:15am Jan 18, 2014 8:15am
Quoting Martyfish
Great to have you back RJ !!
Here...here

PM1
  • #21,302
  • Jan 18, 2014 8:56am Jan 18, 2014 8:56am
Quoting realjumper
There are a couple of points I need to raise though......

Welcome back RJ and well said.

I will do my best to follow the thread guidelines and hopefully can contribute something positive as I get the hang of Genesis. I have glimmers...
  • #21,303
  • Jan 18, 2014 9:19am Jan 18, 2014 9:19am
Welcome Back Sir RJ ...
  • #21,304
  • Jan 18, 2014 10:10am Jan 18, 2014 10:10am
Great to see you back RJ!
  • #21,305
  • Jan 18, 2014 1:32pm Jan 18, 2014 1:32pm
Welcome back RJ. Happy new year.
Learn from your mistakes until you succeed. It's that simple.
  • #21,306
  • Jan 18, 2014 2:21pm Jan 18, 2014 2:21pm
Hey RJ, nice to see you here! Jamz, you can turn off the engine
  • #21,307
  • Jan 18, 2014 4:52pm Jan 18, 2014 4:52pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Cheers RJ. Welcome Home! Thanks for updating us again. I do like a chart especially if it is a currency I'm not using.
I'm also going to make my own trading the most important thing this year and not just watch opportunities go by but take them.
I am now a low impact member........I thought as much!
  • #21,308
  • Edited 6:50pm Jan 18, 2014 6:39pm | Edited 6:50pm
Quoting Martyfish
{quote} As I described yesterday perfect pre-news setup for GU Long from 9:25 just closed +90 Also took EJ from open of 7:30 (my standard early morning setup - thx Islander !!) closed +13
Welcome Back RJ trust you enjoyed your break.

Morning Marty,
I just have some questions with regards to your GENESIS set ups pre news, Are you saying that If you have a perfect LONG or SHORT set up with red news approaching you will enter before the news announcement? Or will you only enter in the direction of what your opinion of the announcement will go? I guess what I am asking is in Fridays example of the GU if Genesis was setting up nicely for a short position at 9.25 would you have opened short or where you anticipating Green news results and therefore only looking for a long genesis set up?

The conservative and sometimes very costly way that I have handled news announcements in the past is to close my positions three minutes before Red news announcements. I have never been able to tolerate the risk of leaving positions open with known approaching volatility. My knowledge of fundamentals is limited so I rarely have an opinion on which way the figures will go.

In Fridays GU example the news came out green which worked inline with your long entry, what if had come out red and went south the slippage on SL I would imagine would have been huge. How would you have managed that?

Thank you for your time as always.

Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #21,309
  • Jan 18, 2014 6:51pm Jan 18, 2014 6:51pm
RJ,
Thank you, I do not say much but I do not understand why so many can not simply abide by page 1. So many other threads have so much crap in them, If someone wants to talk about GMS+hopdido indie then by all means start your own thread and have at it, but leave this one alone. While you were on vacation I was surprised by the crap creep. I may not have much to offer but in the future I will at least point people to page 1. Lets focus on taking the banks pips with GMS.
  • #21,310
  • Jan 19, 2014 3:40am Jan 19, 2014 3:40am
Welcome Back RJ
Let your plan trade for you, not your emotion!!!
  • #21,311
  • Edited 7:58am Jan 19, 2014 7:42am | Edited 7:58am
Quoting realjumper
It's true that I have my own personal version of Genesis, same as ....
I really appreciate you, for being honest

I have traveled from thread to thread, most of them losing their original idea
Leaving the readers with all those confusing derivative/varian/sub-branch ideology

I guess thats why i keep coming back to this thread ... effectiveness & purity
This is also my first post after my posting exemption approved

Keep it this way, RJ
i worshipped... Momentum
  • #21,312
  • Jan 19, 2014 9:23am Jan 19, 2014 9:23am
Quoting Martyfish
{quote} I have 4 monitors.
It is a lot of area to display charts. Can you describe how this area is divied, please? I mean sth like this: Monitor 1:GU M5/M15
Monitor 2: EJ M5/M15, Monitor 3:... It could give me an idea what TFs you have in front of your eyes.
  • #21,313
  • Jan 19, 2014 9:32am Jan 19, 2014 9:32am
Quoting anthm
{quote} Welcome Back RJ trust you enjoyed your break. Morning Marty, I just have some questions with regards to your GENESIS set ups pre news, Are you saying that If you have a perfect LONG or SHORT set up with red news approaching you will enter before the news announcement? Or will you only enter in the direction of what your opinion of the announcement will go? I guess what I am asking is in Fridays example of the GU if Genesis was setting up nicely for a short position at 9.25 would you have opened short or where you anticipating Green news...
Firstly, trading news events is far higher risk, and should only be traded by experienced traders, and start with small trade sizes.
Secondly, I dont follow FF rating of news, to me the industry standard rating is more relevant, Retail sales are tier 2 news, I very rarely trade tier 1 news, ie jobs/CB announcements/CPI. Tier 2 is less volatile, and more predictable.

There is nothing wrong closing just prior to news events, if you are in a trade.

Its all about the setup, if PA goes through a stalling process prior to news, and my MAs line up, then just prior to the news, ie within 5 mins, you start getting loads of asc arrows in the direction of my MAs, that turns it into a good trade setup, if there wasnt going to be a news event, I am trusting a Genesis signal is all I am doing here.

In my chart setup, I think I forgot to say, on my M5 chart I have M5/M15/M30 asc arrows, and on M15 chart I have M15/M30/H1 arrows all have alerts.

But you need to do loads of back-testing seeing those news events, and the Genesis setup - dont ry it unless you are completely comfortable recognising those Genesis setups.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,314
  • Jan 19, 2014 9:41am Jan 19, 2014 9:41am
Quoting iwan73
{quote} It is a lot of area to display charts. Can you describe how this area is divied, please? I mean sth like this: Monitor 1:GU M5/M15 Monitor 2: EJ M5/M15, Monitor 3:... It could give me an idea what TFs you have in front of your eyes.
iwan, it is a lot of screen space, but allows me to see things clearly, they are all 23 inch HD monitors, plus I have a laptop, with my news websites.

So each monitor has M15/M5 split 50/50

I have 2 monitors with my Genesis Metatrader setup EJ & GU.

Then I have 2 monitors with my eSignal strategy still M15/M5 split 50/50 with EJ & GU.

I have M30/H1/H4 charts already setup, so I flick to them regularly, and make notes which I record on my daily log

This year I am going to upgrade my computer and go to 6 monitors, so I can trade another pair.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,315
  • Jan 19, 2014 9:50am Jan 19, 2014 9:50am
Quoting anthm
{quote} Are you saying that If you have a perfect LONG or SHORT set up with red news approaching you will enter before the news announcement? Or will you only enter in the direction of what your opinion of the announcement will go? I guess what I am asking is in Fridays example of the GU if Genesis was setting up nicely for a short position at 9.25 would you have opened short or where you anticipating Green news results and therefore only looking for a long genesis set up?
I will only enter if I have a strong Genesis signal, I do not trust my opinion of the "markets interpretation" of the direction of the news.
I enter when Genesis gives me the signal, if it 20mins prior to news, then, if it is 5mins before then, if it half an hour later, I'll enter then.


Quoting anthm
{quote}In Fridays GU example the news came out green which worked inline with your long entry, what if had come out red and went south the slippage on SL I would imagine would have been huge. How would you have managed that? Thank you for your time as always. Kind Regards Anthm
You should enter you SL according to Genesis strategy page #1
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,316
  • Jan 19, 2014 1:39pm Jan 19, 2014 1:39pm
Nice to hear from you, RJ.
What the mind does not know, the eyes cannot see
  • #21,317
  • Jan 19, 2014 4:33pm Jan 19, 2014 4:33pm
Quoting Martyfish
{quote} I will only enter if I have a strong Genesis signal, I do not trust my opinion of the "markets interpretation" of the direction of the news. I enter when Genesis gives me the signal, if it 20mins prior to news, then, if it is 5mins before then, if it half an hour later, I'll enter then. {quote} You should enter you SL according to Genesis strategy page #1
Thanks for your Response Marty, All understood.

For now I think I will stick to my strategy of closing positions prior to these events.
The problem I eluded to I still see as the biggest threat and that is the difficulty if not impossibility of getting a reasonable fill on a pre set Stop loss limit order. For me this counts me out.

Thanks again
Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #21,318
  • Jan 19, 2014 5:44pm Jan 19, 2014 5:44pm
Another handy place to look for what's got some volatility, can sort by Hour, Day, Week, Month

http://www.myfxbook.com/forex-market/volatility

Attached Image
  • #21,319
  • Jan 19, 2014 7:24pm Jan 19, 2014 7:24pm
Nice start to the week

EJ sell +36, +29, +24 = +89

Wishing everyone a profitable week ahead.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 20th.JPG Size: 160 KB
Let your plan trade for you, not your emotion!!!
  • #21,320
  • Jan 19, 2014 7:28pm Jan 19, 2014 7:28pm
Quoting xremmy
Nice start to the week EJ sell +36, +29, +24 = +89 Wishing everyone a profitable week ahead. {image}
Nice trading xremmy.........................looks like text book re-entry on last trade

J
Winning isnt everything but coming second sucks (Charlie Brown)
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