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Genesis - continuation

  • #121
  • Apr 14, 2014 10:41am Apr 14, 2014 10:41am
Great to see this thread starting. I was reading through the original thread and demo trading Genesis when "the end" came. Will post here when I have something to contribute


Re: usd/cad: few if any participants from the original thread traded it, including rj.

Right now the ADR over the past 10 days is a paltry 62. As mentioned above, pairs with larger ranges will have a greater chance of reaching profit targets.

Also, from casually watching this pair in the past, I've seen a lot of ranging/erratic PA and fakeouts/reversals which make it in my opinion a poor candidate for shorter-term strategies such as Genesis.
  • #122
  • Apr 14, 2014 10:44am Apr 14, 2014 10:44am
Quoting jimi
G/J targeted half DP - R1 {image} {image}
Did you stay in this one although matrix turned red (there was an opposite signal before price went up)?
Attached Image (click to enlarge)
Click to Enlarge Name: opposite signal.JPG Size: 152 KB
  • #123
  • Apr 14, 2014 11:47am Apr 14, 2014 11:47am
Quoting demoreal
{quote} What do you think about that last set up with the question mark? Would you trade it or not? So far every long signal failed and short worked if going for 1/1 - all together 4 long failed signals and 3 short working ones. Is this going to be 5th failed long signal although it has nice stochs. If it works it would make it break even after 8 trades. ADDED: There is Pivot just above the long entry
I was following it and it's difficult to say if it's working or not. It depends on exiting style I suppose. If one exits when matrix changes color, there could have been a small profit or break even there for this trade. If waiting for 1/1, still difficult to say.

Anyway in the best case if one took all the set ups from that first long, they would have maybe come to a bit less than one trade loss (if exiting on color change the last trade) or maybe break even or two trades loss (if waiting for 1/1). So loss or break even after 8 trades (lots of trading).

Maybe usd/cad is not the best pair to trade (together with eur/usd and few others) as Jimi and Cardinale pointed out.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad after.JPG Size: 147 KB
  • #124
  • Apr 14, 2014 12:09pm Apr 14, 2014 12:09pm
Quoting jimi
{quote} This is pair I don't trade In any case nope It was a CT trade {image}

Can anyone recommend preferred trading pairs.
  • #125
  • Apr 14, 2014 4:49pm Apr 14, 2014 4:49pm
Quoting demoreal
{quote} Did you stay in this one although matrix turned red (there was an opposite signal before price went up)? {image}
Yeap
since ASC trend stay fully white and PA didn't hit the SL @ the previous swing low
  • #126
  • Apr 14, 2014 4:55pm Apr 14, 2014 4:55pm
Quoting Adeleke
{quote} Can anyone recommend preferred trading pairs.
For intraday I tend to combine pairs with highest ADR and lowest spread

in my case:

Gold
G/J
E/A
E/J

This could help:

http://www.forexticket.com/en/tools/02-01-volatility


Anyway lately the market is horrible
  • #127
  • Apr 14, 2014 4:59pm Apr 14, 2014 4:59pm
Quoting demoreal
{quote} Did you stay in this one although matrix turned red (there was an opposite signal before price went up)? {image}
hi bro your chart look cool n clear .is it pooible to shareindi and temp(just for settings)thanks in advance
Say something meaningful or Silence!!
  • #128
  • Apr 15, 2014 12:08am Apr 15, 2014 12:08am
Quoting classy
{quote} hi bro your chart look cool n clear .is it pooible to shareindi and temp(just for settings)thanks in advance
you'll find all here:



http://www.forexfactory.com/showthread.php?t=373796
  • #129
  • Apr 15, 2014 2:41am Apr 15, 2014 2:41am
Quoting jimi
{quote} For intraday I tend to combine pairs with highest ADR and lowest spread in my case: Gold G/J E/A E/J This could help: http://www.forexticket.com/en/tools/02-01-volatility Anyway lately the market is horrible


Thanks mate, lets see what today holds.
May the trend be with you
  • #130
  • Apr 15, 2014 2:47am Apr 15, 2014 2:47am
Quoting Adeleke
{quote} Thanks mate, lets see what today holds. May the trend be with you
  • #131
  • Apr 15, 2014 3:23am Apr 15, 2014 3:23am
Quoting jimi
{quote} For intraday I tend to combine pairs with highest ADR and lowest spread in my case: Gold G/J E/A E/J This could help: http://www.forexticket.com/en/tools/02-01-volatility Anyway lately the market is horrible
that's true the market is extremely horrible even in m5 too. I trade GJ and EA. I think this week would be a terrible trading for these pairs with exception of a day or two, I am basing this on last week's performance, although it is not up to the level, but it was a good trading week.
  • #132
  • Edited 4:01am Apr 15, 2014 3:40am | Edited 4:01am
Quoting civilpes2001
{quote} that's true the market is extremely horrible even in m5 too. I trade GJ and EA. I think this week would be a terrible trading for these pairs with exception of a day or two, I am basing this on last week's performance, although it is not up to the level, but it was a good trading week.
In my humble opinion market is changed a lot and is in horrible way from several months
  • #133
  • Apr 15, 2014 5:32am Apr 15, 2014 5:32am
Quoting demoreal
{quote} I was following it and it's difficult to say if it's working or not. It depends on exiting style I suppose. If one exits when matrix changes color, there could have been a small profit or break even there for this trade. If waiting for 1/1, still difficult to say. Anyway in the best case if one took all the set ups from that first long, they would have maybe come to a bit less than one trade loss (if exiting on color change the last trade) or maybe break even or two trades loss (if waiting for 1/1). So loss or break even after 8 trades (lots...

hey demoreal,

If you check out the original genesis forum you will find a list of do's and don't in which it clearly mentioned avoiding less ATR currency pairs especially UCAD. I don't know if you have seen the document. and also genesis works fine, at any time frame, only thing to keep in mind is to keep the emotions out of the trading and just go with the signals and the system and trigger the trade. don't expect how much you score per trade or per week or even per day. All it matters is (as RJ said) that the monthly net pip gain should be 600+, if you just maintain the calm and peace of mind.

I am recently testing the HTF trading using M30 as a standard time frame, I was just wondering if anyone is trading the HTF too..
  • #134
  • Apr 15, 2014 6:16am Apr 15, 2014 6:16am
Quoting jimi
{quote} Yeap since ASC trend stay fully white and PA didn't hit the SL @ the previous swing low
Personally I would have exited at that opposite signal and maybe reenter at later signal resulting in a loss or break even/small profit. Your way made much more, but with more risk if I'm not mistaken.

Anyway I'll think about that idea of yours - if trend stays as it is, I see how it goes if I ignore opposite signals.

Thanks Jimi
  • #135
  • Apr 15, 2014 6:20am Apr 15, 2014 6:20am
Quoting civilpes2001
{quote} hey demoreal, If you check out the original genesis forum you will find a list of do's and don't in which it clearly mentioned avoiding less ATR currency pairs especially UCAD. I don't know if you have seen the document. and also genesis works fine, at any time frame, only thing to keep in mind is to keep the emotions out of the trading and just go with the signals and the system and trigger the trade. don't expect how much you score per trade or per week or even per day. All it matters is (as RJ said) that the monthly net pip gain should...
Hi Civilpes2001

Thanks for the good advice

Would be interesting to see some examples of your trading style
  • #136
  • Apr 15, 2014 6:22am Apr 15, 2014 6:22am
Quoting civilpes2001
{quote} hey demoreal, If you check out the original genesis forum you will find a list of do's and don't in which it clearly mentioned avoiding less ATR currency pairs especially UCAD. I don't know if you have seen the document. and also genesis works fine, at any time frame, only thing to keep in mind is to keep the emotions out of the trading and just go with the signals and the system and trigger the trade. don't expect how much you score per trade or per week or even per day. All it matters is (as RJ said) that the monthly net pip gain should...

I totally missed the part about avoiding UCAD pairs, thanks mate. I might need to read the PDF some more
  • #137
  • Apr 15, 2014 6:53am Apr 15, 2014 6:53am
Quoting Adeleke
{quote} I totally missed the part about avoiding UCAD pairs, thanks mate. I might need to read the PDF some more
FYI, the file name is "GMT" it is a word document
  • #138
  • Apr 15, 2014 1:41pm Apr 15, 2014 1:41pm
Classic "martyfish prenews setup" occured today on EURAUD about 10 minutes before USD news. Took it, left it risk-free when it was +34 pips and closed it with pure luck when I saw the doubletop divergence forming (82,7 pips) . All of you who are struggling with your entries read through the original thread. Pay attention especially to the posts of martyfish. I learned a lot from him.
Attached Image (click to enlarge)
Click to Enlarge Name: 15042014-EURAUDM5M15.png Size: 74 KB
  • #139
  • Apr 15, 2014 2:49pm Apr 15, 2014 2:49pm
Quoting Meanwhile
Classic "martyfish prenews setup" occured today on EURAUD about 10 minutes before USD news. Took it, left it risk-free when it was +34 pips and closed it with pure luck when I saw the doubletop divergence forming (82,7 pips) . All of you who are struggling with your entries read through the original thread. Pay attention especially to the posts of martyfish. I learned a lot from him. {image}
I hope you don't mind me saying this, but it's more towards gambling than trading (if you are talking about US Core CPI and also scheduled Yellen's speech 15 minutes after that)
  • #140
  • Apr 15, 2014 10:09pm Apr 15, 2014 10:09pm
Quoting demoreal
{quote} I hope you don't mind me saying this, but it's more towards gambling than trading (if you are talking about US Core CPI and also scheduled Yellen's speech 15 minutes after that)
Well it is true that, trading during news is similar to trading, but in this case I suppose it is just a trade I guess, because if look at HTF charts (M15 and M30), it is surely a bull signal irrespective of the news. Well anyway, strangely I also use the similar setups in my trading too.
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