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Genesis - continuation

  • #61
  • Apr 9, 2014 4:32am Apr 9, 2014 4:32am
just took a sell on EUR/USD 5min. lets see.
trying to upload picture
  • #62
  • Apr 9, 2014 4:35am Apr 9, 2014 4:35am
Quoting Adeleke
I must say this demo, as one new trader to another that though the systems looks great on hindsight, its rather difficult to trade; as least for me it is. I really feel the system still needs a filter. just my opinion anyway or maybe am yet to fully understand the system
Agree - it looks great in hindsight, but when I trade it somehow I fail to make regular profits. Maybe like you, I need to study it some more.

Hopefully successful followers may post some examples with explanations, or somebody may give us a really good filter to help avoid bad set ups. Or simply we may come to that aha moment in the near future and start trading it profitably?

Anyway it's good not to give up hope and also not to lose all the money in the meantime (while trying to understand it)
  • #63
  • Apr 9, 2014 5:14am Apr 9, 2014 5:14am
Quoting demoreal
Hopefully successful followers may post some examples with explanations
I did my best
  • #64
  • Apr 9, 2014 5:53am Apr 9, 2014 5:53am
Quoting Adeleke
just took a sell on EUR/USD 5min. lets see. trying to upload picture

the sell turned out to be a lost. damn
  • #65
  • Apr 9, 2014 7:33am Apr 9, 2014 7:33am
Quoting Adeleke
{quote} the sell turned out to be a lost. damn
Would you post a chart if you don'T mind
  • #66
  • Apr 9, 2014 8:51am Apr 9, 2014 8:51am
we jimi
  • #67
  • Apr 9, 2014 8:58am Apr 9, 2014 8:58am
Quoting braciola
we jimi
  • #68
  • Apr 9, 2014 9:02am Apr 9, 2014 9:02am
Today's trade
Sold Gold
Closed when price spiked down to DP
After that it dropped below, but who knows before........
Btw over 30 pips.
Shall see if another trade will come today..........
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: goldm5bis.png Size: 60 KB
  • #69
  • Apr 9, 2014 9:50am Apr 9, 2014 9:50am
Quoting jimi
Today's trade Sold Gold Closed when price spiked down to DP After that it dropped below, but who knows before........ Btw over 30 pips. Shall see if another trade will come today.......... {image} {image}
Some more profit for you Jimi

Do you have any particular markets and what time of day you look for set ups?
  • #70
  • Apr 9, 2014 11:17am Apr 9, 2014 11:17am
Quoting jimi
{quote} Would you post a chart if you don'T mind
I've trying to do that all day without any luck. I took the picture with screen grab pro but I can't attach it.
however I can give the details of the trade. I entered at 1.37863 for a sell. it was about the very same time I posted the entry. Time on my chart was 12.05. it was on a 5min E/U chart. both stoch were pointing down, arrow was down, genesis was all red and I was sure that price would come back to the retest the pivot line at 1.37813. Double entry with 20pips stop loss.
Can you pls advise me on what I might have done wrong.
  • #71
  • Edited 1:13pm Apr 9, 2014 12:24pm | Edited 1:13pm
I had a look Adeleke.

I'm assuming you took this one (you should really specify if it's Nigerian time or GMT or some other time as the members are from different time zones)

Anyway - it looks good to me. M5 and M15 stochastics were 'opening mouth' nicely, didn't go into oversold by the time of all red on matrix, nice dropping angle etc. No pivots near by (that I can see).

It didn't even make it to that low that was before London open. It failed miserably despite all this. So sometimes they work, sometimes they don't. Few times I was seriously tempted to take opposite from the signal and go for stop as my target.

PS There was even a red arrow at that time
Attached Image (click to enlarge)
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  • #72
  • Apr 9, 2014 12:37pm Apr 9, 2014 12:37pm
Quoting demoreal
I had a look Adeleke. I'm assuming you took this one (you should really specify if it's Nigerian time or GMT or some other time as the members are from different time zones) Anyway - it looks good to me. M5 and M15 stochastics were 'opening mouth' nicely, didn't go into oversold by the time of all red on matrix, nice dropping angle etc. No pivots near by (that I can see). It didn't even make it to that low that was before London open. It failed miserably despite all this. So sometimes they work, sometimes they don't. Few times I was seriously tempted...
Yeap, that was the trap I fell into this morning mate, really pissed me off and sadly it happens regularly to me. Thanks for taking time to look at it. maybe tomorrow would be better
  • #73
  • Apr 9, 2014 12:43pm Apr 9, 2014 12:43pm
Quoting Adeleke
{quote} Yeap, that was the trap I fell into this morning mate, really pissed me off and sadly it happens regularly to me. Thanks for taking time to look at it. maybe tomorrow would be better
No problem Adeleke.

Maybe one nice day we'll find out how to choose good set ups - till then it's good to use stops all the time and not overdo it with big stakes as it seems they fail more often than not?

Good luck
  • #74
  • Apr 9, 2014 5:01pm Apr 9, 2014 5:01pm
Quoting Adeleke
{quote} I've trying to do that all day without any luck. I took the picture with screen grab pro but I can't attach it. however I can give the details of the trade. I entered at 1.37863 for a sell. it was about the very same time I posted the entry. Time on my chart was 12.05. it was on a 5min E/U chart. both stoch were pointing down, arrow was down, genesis was all red and I was sure that price would come back to the retest the pivot line at 1.37813. Double entry with 20pips stop loss. Can you pls advise me on what I might have done wrong.
Hi Adeleke, hope you don't mind me commenting on your earlier trade, different views sometimes help to clarify in your own mind, that's what is most important to you when doing post analysis.
Some might say price was too close to DP, but if you're using a fairly aggressive approach then your entry OK in relation to the signal.
You had a SL at 20, presumably using the last high + a pip or 2.
But where was your actual trade exit?
A few bars after your entry the price had failed to reach DP and presented a new signal for long, ie the previous short signal had completely disintegrated making that trade now invalid. Did you use that situation for exit for smallish loss or did you let the trade run to your SL? The exit could also have been prompted before the new signal given the PA for an even smaller loss. It's all about trade management, both your account and your trading mentality rely on it.
On a more general note, I haven't found EU the best pair for this in recent months. have you considered other pairs with better daily ranges?
Wish you well with your trading, strada.
  • #75
  • Apr 9, 2014 5:11pm Apr 9, 2014 5:11pm
Quoting Adeleke
{quote} I've trying to do that all day without any luck. I took the picture with screen grab pro but I can't attach it. however I can give the details of the trade. I entered at 1.37863 for a sell. it was about the very same time I posted the entry. Time on my chart was 12.05. it was on a 5min E/U chart. both stoch were pointing down, arrow was down, genesis was all red and I was sure that price would come back to the retest the pivot line at 1.37813. Double entry with 20pips stop loss. Can you pls advise me on what I might have done wrong.
in my humble opinion it wasn't a trade I'd taken due to:

- CT trade (obviously is possible to take CT trade, but managing only for a few pips and/or with SL@BE ASAP;
- DP just below;
- ASC trend totally white

just my 2 cents
Attached Image (click to enlarge)
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  • #76
  • Apr 9, 2014 5:14pm Apr 9, 2014 5:14pm
Quoting strada
A few bars after your entry the price had failed to reach DP and presented a new signal for long, ie the previous short signal had completely disintegrated making that trade now invalid. Did you use that situation for exit for smallish loss or did you let the trade run to your SL? The exit could also have been prompted before the new signal given the PA for an even smaller loss
totally agree


Quoting strada
I haven't found EU the best pair for this in recent months. have you considered other pairs with better daily ranges?
totally agree
  • #77
  • Apr 9, 2014 5:16pm Apr 9, 2014 5:16pm
Quoting demoreal
Some more profit for you Jimi
thanks demo


Quoting demoreal
Do you have any particular markets
Gold
E/A
G/J
E/J


Quoting demoreal
what time of day you look for set ups?
I trade London and New York sessions (not in the open)
  • #78
  • Apr 10, 2014 2:56am Apr 10, 2014 2:56am
[Quote = Jimi; 7395121] {quote} a mio modesto parere non era un mestiere che avevo preso a causa di: - Commercio CT (è ovviamente possibile prendere il commercio CT, ma la gestione solo per pochi pips e / o con SL @ BE ASAP; - DP appena sotto; - tendenza ASC totalmente bianca appena i miei 2 centesimi {image} [/ quote]
perchè non sei andato buy??
  • #79
  • Apr 10, 2014 3:24am Apr 10, 2014 3:24am
[quote=strada;.... and presented a new signal for long, ie the previous short signal had completely disintegrated making that trade now invalid. Did you use that situation for exit..[/quote]
Morning, good example of this situation earlier. However no exit of trade in this instance as price didn't extend beyond new signal and previous move re-established itself. strada.
Attached Image (click to enlarge)
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  • #80
  • Apr 10, 2014 3:41am Apr 10, 2014 3:41am
Quoting braciola
[/ quote] perchè non sei andato buy??

because I don't trade Eur/Usd
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