Genesis - continuation

Quoting strada

Disliked

Morning Jimi, nice to see some well grounded rules for your genesis trading strategy. We're all trading this differently as Jinchu said earlier but we all need comprehensive trading rules. I'm sure many who trade your style will benefit from your input. @Intrepidpips, Trade on GU earlier, as we were discussing, reached beyond daily target so exited after bounce away from DP. (TP1 raced through normal target of +7/8 and kept going so let it run) strada. {image}

Ignored

Quoting jimi

Disliked

My "K.I.S.S." rules: a) Is the trend up, down or undefined?; b) If the trend is up I will WAIT only for long setup; c) If the trend is down I will WAIT only for short setup; d) If the trend is undefined I will pass; e) When Genesis signal appears, M5 Stoch MUST come from OB or OS area AND MUST be aligned with M15; f) It's better open long position ONLY above the DP and short position ONLY below the DP; g) I could take even CT trade, but this is another story.......................... h) always check stronger currency vs. weaker and viceversa BTW...

Ignored

Quoting Intrepidpips

Disliked

my only question is how do you check the stronger versus the weaker currencies, could you please shed more light on that? Thank you.

Ignored

Quoting jimi

Disliked

Sold DP + RN of Eur/Jpy A little bit riskier then usual, since at the entry the ASC Trend H1 was not fully red but yet "flashing" targeted daily low {image} {image}

Ignored

Quoting demoreal

Disliked

{quote} Yet another one Jimi You mentioned you wait for M5 stoch to drop from above 80. What about M15 stoch? For this trade it was below 20 (strong trend) and also at the time of the short set up it was only temporarily crossing down (no fixed cross as yet). Do you just ignore it so far if it's below 20 in a trending condition, or do you pay attention if it crossed the right way round (in this case blue line going below red one)? {image}

Ignored

Quoting jimi

Disliked

{quote} I use M15 stoch just like to confirm M5 trade In this case the trade is short and if the stoch is "dead on the floor" just like in this case for me it's enough as confirmation hope it's clear and helps

Ignored

Quoting akbarhon

Disliked

Hello. Do you send me last Genenis Matrix version?

Ignored

Quoting Adeleke

Disliked

hi all, is anyone looking the USDCAD pair right now?. any suggestions on what PA might be doing?

Ignored

Quoting demoreal

Disliked

{quote} If you took opposite (short trade) and tried to take profit at the normal Genesis signal stop it would have worked quickly though {image}

Ignored

Quoting demoreal

Disliked

{quote} So far on usd/cad one would have been better off taking opposite signals (if using 1/1 r/r) PS On the chart orange lines are for the failed signals and green lines are for working set ups. {image}

Ignored

Quoting demoreal

Disliked

{quote} I know it's late, but I had a look (it may help understand the system better hopefully) Well there was one long set up and it looks as if it failed if traded by Genesis' rules If you took opposite (short trade) and tried to take profit at the normal Genesis signal stop it would have worked quickly though {image}

Ignored

Quoting demoreal

Disliked

{quote} What do you think about that last set up with the question mark? Would you trade it or not?

Ignored

Quoting jimi

Disliked

{quote} This is pair I don't trade In any case nope It was a CT trade {image}

Ignored

Quoting demoreal

Disliked

{quote} Thanks Jimi

Ignored