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Genesis - continuation

  • #181
  • Apr 25, 2014 2:31am Apr 25, 2014 2:31am
I've to say Genesis is definitely one of the best system I've found so far. The hardest thing for inexperienced trader is to filter out low probability trade and fake "reversal". I've traded Genesis for almost a year, maintaining 50 - 100 pips gain daily. The longest consecutive winnings I have had so far is 22 trades straight and each of them has a minimum of +10 pips gain. The only thing I've added to RJ's template is the EMA 60. NOTHING ELSE. All you need is just to look for short setup below EMA 60 and long setup above EMA 60. Genesis is just this simple guys................ You really don't need to add anything or think too much when you see a valid setup.

Which pairs do I trade? I trade EU, EA, EJ, GJ and GU. 90% of the time I can easily earn 20 pips in each pair on a daily basis.

One more thing to add, I don't look at H1,H4 or even daily stoch when trading. Those are just the unnecessary add-on to the system.
  • #182
  • Apr 25, 2014 6:00am Apr 25, 2014 6:00am
Hello sasakiac can post an example?, Thanks.
  • #183
  • Apr 25, 2014 2:46pm Apr 25, 2014 2:46pm
Wow, its great to hear from RJ, though the circumstance was not too pleasant, we here truely hope you'll stay and contribute to the growth of YOUR system.One clear cut rule on all public thread is that people would definately say one or two things that you'll not like, just ignore them mate.
Now as for Jimi, well, I know how you feel bro. I've been there and it not a pleasant place to be at all. Jumping from one system to another and lossing from one system to another. It quite frustrating bro. But the real issue here is not with the system but its your trading experience and your ability to understand PA. No matter what the indicators say, you should never trade against a trend. Also mate you need to study a system until it works for you, this might include making some adjustments but you must be certainly that its working for YOU and not just take people's word for it.
If you're interested, I can post the way I trade Genesis here, just to help each other out.
Now gentle men, let's enjoy the weekend and. Come make some money on monday

PS
Hope we'll hear more from you Sasakiac
  • #184
  • Edited 11:59pm Apr 25, 2014 11:10pm | Edited 11:59pm
I've received several PMs regarding how I choose and filter trades so I've made a decision to post a chart with some explanations. There is really nothing special because everything is the same as RJ's trading strategy. I've personally added a M15 matrix just to help myself to stay in a trade because I usually don't have M15 chart open.

Please note, I only trade the old M5/M15 method.

Entry:
1) above or below daily pivot
2) above or below EMA 60 (Green line)
3) Full M5 Matrix
4) M5/M15 arrow (conservative)

Exit:
- I don't want to repeat it here because everything is in the genesis thread pdf

What do I do if the market is ranging?
If you see the market is ranging, just trade another pair. It's very rare to find a valid genesis setup in a ranging market. Even if you do so, try to exit with small profit or use swing exit explained in the first Genesis PDF. It is just this simple.

I've to say that I totally understand why RJ was so mad and managed to close his thread. It is because people are not reading the PDFs and other people's comments carefully. Please do not intend to add anything else because Genesis Matrix System is already "COMPLETE"

** One more thing to add, please read RJ's M1 pdf explanation regarding ASCTrend possible color changing issue. Again, no system is perfect, no one can avoid losses in forex trading.
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  • #185
  • Apr 26, 2014 1:21am Apr 26, 2014 1:21am
Hi SASAKIAC, thanks for the clear charts. My reasoning would be that, in the first instance, it's just before London open and price is moving up towards the DP and to top it all, the stochs have slowed down(congested) to a degree. In the second instance, price is moving away from the DP, the stochs are all heading down and it's after NY open. In retrospect, price-action is on the move down according to the MA's. IMHO.
Safe trading!
Pete
  • #186
  • Edited 6:15am Apr 26, 2014 5:32am | Edited 6:15am
Quoting sasakiac
I've personally added a M15 matrix just to help myself to stay in a trade because I usually don't have M15 chart open
Hi Sasakiac

Thanks for posting your set ups/charts.

You mentioned M15 matrix and that reminds me of how I used to set up my charts at the beginning.

I don't know if you are aware, but for M15 matrix to have fixed value you need to wait for 15 minutes or for 3 columns of dots. In your example you showed one set up where you drew a vertical line through the first column of M15 matrix. Now it looks good as the price went down afterwards, but if it went back up that column would have turned from red to blue.

Why? Because to get fixed colour on M15 matrix you have to wait for 15 minutes and not only first 5 minutes. So if you are conservative trader and you wait for fixed value on M15 you may miss a big part of the move. On the other hand if you jump in before confirmed value on M15, that value may change.

That's one of the major issues I am still trying to deal with. In hindsight all that looks obvious, but not so at the time of possible entry.
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  • #187
  • Edited 6:18am Apr 26, 2014 5:53am | Edited 6:18am
Quoting demoreal
{quote} Hi Sasakiac Thanks for posting your set ups/charts. You mentioned M15 matrix and that remainds me of how I used to set up my charts at the beginning. I don't know if you are aware, but for M15 matrix to have fixed value you need to wait for 15 minutes or for 3 columns of dots. In your example you showed one set up where you drew a vertical line through the first column of M15 matrix. Now it looks good as the price went down afterwards, but if it went back up that column would have turned from red to blue. Why? Because to get fixed colour...
The same applies to any other indicator that is higher time frame than 5 minutes - stochastic, ASC trend etc. If it's 30 minutes, then you have to wait for 6 columns - even more waiting. In hindsight all the working ones look good - you just choose the first column and everything appears as if it worked nicely in hindsight.

Failed ones you can't see. Why? Well because they changed colour, crossed back etc. - although they were there for the first 5 minutes.
  • #188
  • Apr 26, 2014 6:43am Apr 26, 2014 6:43am
Quoting sasakiac
I've to say Genesis is definitely one of the best system I've found so far. The hardest thing for inexperienced trader is to filter out low probability trade and fake "reversal". I've traded Genesis for almost a year, maintaining 50 - 100 pips gain daily. The longest consecutive winnings I have had so far is 22 trades straight and each of them has a minimum of +10 pips gain. The only thing I've added to RJ's template is the EMA 60. NOTHING ELSE. All you need is just to look for short setup below EMA 60 and long setup above EMA 60. Genesis is just...
Thank you for your post Sasakiac. Your "analysis routine" is really close to what I am testing since the end of the original Genesis thread.
As I said in another post, since that happened I went back to the roots of the system by reading once again all the pdfs and the 200 first pages of the thread.

At that time, it seems that it was an often discussed way to analyse.
Unfortunately, for me, the results was kind of mixed and for almost every positive trade, I had enough small negative ones to reduce the profit to 0. But I still have to practice to spot the trades that have a higher probability of success.

The differences between my tests and your experience was that I chose to filter my trades with a 60SMA (which was discussed and approved by RJ with Martyfish). And even if I saw some people filter their trades with the Pivot in the early days of the original thread, I didn't thought about using BOTH of these to filter trades.
I'll try to keep that in mind for future tests. Anyway, thanks again for your input, it's encouraging.
  • #189
  • Apr 26, 2014 7:38am Apr 26, 2014 7:38am
Quoting sasakiac
I've received several PMs regarding how I choose and filter trades so I've made a decision to post a chart with some explanations. There is really nothing special because everything is the same as RJ's trading strategy. I've personally added a M15 matrix just to help myself to stay in a trade because I usually don't have M15 chart open. Please note, I only trade the old M5/M15 method. Entry: 1) above or below daily pivot 2) above or below EMA 60 (Green line) 3) Full M5 Matrix 4) M5/M15 arrow (conservative) Exit: - I don't want to repeat it here...
Hey sasakiac,

Nice trading example, but I got the essence, and almost I use the same method, instead of using M5 matrix, I use only M15 matrix in M5 time frame and EMA 50. It hardly makes any difference (i.e., EMA 60 and EMA 50)

here are my take on your questions. let me know if i have missed anything.
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  • #190
  • Apr 26, 2014 7:50am Apr 26, 2014 7:50am
Quoting sasakiac
I've traded Genesis for almost a year, maintaining 50 - 100 pips gain daily
Great!!!
So let me make an example, just to know if I've understood right well......

Example as your post:

- Account @ January 01 2014 > 10.000 Euro;
- Max SL 30 pips;
- Max risk per trade with 30 pips SL > 2% of the total account;
- Average daily gain 50 pips > almost 8,5% of the account
- Number of days of trading in a year > 200
- Compounding with no withdrawal;

- At the end of the year, just as your previous post, you'll have in the account (with compounding and no withdrawal) almost 121.884.263.363 Euro

And then you have to be already rich just now? is it right?

Please if you don't mind, let me know if I've understood clearly

Excuse if not

Many thanks in advance
Don't give up
  • #191
  • Apr 26, 2014 7:57am Apr 26, 2014 7:57am
Quoting demoreal
{quote} Hi Sasakiac Thanks for posting your set ups/charts. You mentioned M15 matrix and that reminds me of how I used to set up my charts at the beginning. I don't know if you are aware, but for M15 matrix to have fixed value you need to wait for 15 minutes or for 3 columns of dots. In your example you showed one set up where you drew a vertical line through the first column of M15 matrix. Now it looks good as the price went down afterwards, but if it went back up that column would have turned from red to blue. Why? Because to get fixed colour...

Hey demoreal,

It is indeed a really a good point. and RJ has clarified it in one of the pdfs.

I personally use M15 Matrix in M5 chart along with M5 and M15 Asctrend. My take on this is that normally i have observed over the charts is that M15 matrix appears (most of the time) only when the corresponding M5 matrix has cleared in M5 chart. (unfortunately, it is hard to explain over the chart for me...). so, if that logic is correct then, it is better to use M15 matrix instead of using both M5 and M15 matrix - because M5 matrix is inside the M15 matrix, it should bound to be true signals (most of the times). if one uses only M5 matrix its fine. but if one takes the risk of trading only on M5 chart (or M15....) the conformity of having only M15 matrix (& HTF matrix) is much greater than M5 matrix (or the current TF matrix) chart. anyway it is a food for thought.

I enter at the second column of the M15 matrix, unlike which has been shown in the chart.

I personally think it is a bit tricky than in simplifying as you have put it, even though it is logically true and colours can change after completing 15 min or so....

It is true that one can always miss the bigger part of the move, but it is always being safe, gets us off the hook of fear and anxiety. moreover, you only need around 30 to 40 pips a day in order to reach an enormous amount at the end of year or 2 years depending on one's goal and anything comes after those pips are bonus, so I guess entering late with more conformity with less pips wouldn't make much difference if one has a long term goal.

Regards,
civilpes2001
  • #192
  • Apr 26, 2014 7:58am Apr 26, 2014 7:58am
Quoting demoreal
{quote} Hi Sasakiac Thanks for posting your set ups/charts. You mentioned M15 matrix and that reminds me of how I used to set up my charts at the beginning. I don't know if you are aware, but for M15 matrix to have fixed value you need to wait for 15 minutes or for 3 columns of dots. In your example you showed one set up where you drew a vertical line through the first column of M15 matrix. Now it looks good as the price went down afterwards, but if it went back up that column would have turned from red to blue. Why? Because to get fixed colour...
I use the tdi for higher timeframe trading but if I'm trading m5 then genesis is my favourite system to trade it, nothing beats it for an entry signal on the lower timeframes.

I will just say I have no idea how some people can use the mtf stochastic that doesn't print until the end of the 15min bar because if using Xaphod's which prints the whole thing, you can see in an instant where the stoch is and you need to be able to see it otherwise how do you know if the stoch is starting to move up or down half way through the m15 bar.

I've also noticed quite a few posts on here with the pivots clearly marked only a few pips away and yet trading into them, you are far better off instead of hoping price will go through it just because the matrix has turned a certain colour, to wait for price to go through and then wait for it to retest it, bounce off it and then go in. If it doesn't go through, you then are not in a losing trade, if it does and doesn't come back then you missed it, look for another trade. I only trade towards a pivot if I have enough room to move to breakeven.

Another thing, check the ADR of the currency before you trade it, if it only has an average 46 pips daily range look for another pair, you are unlikely to get many pips even assuming it goes in one direction all day.
  • #193
  • Apr 26, 2014 8:33am Apr 26, 2014 8:33am
Quoting civilpes2001
I guess entering late with more conformity with less pips wouldn't make much difference if one has a long term goal
I think it's not always true
Enter late it means often exit in loss
Don't give up
  • #194
  • Apr 26, 2014 8:36am Apr 26, 2014 8:36am
Quoting demoreal
{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}
This post in particular took my eye. What do all the failed trades on your chart have in common, thats the type of question you should ask yourself when you are learning to trade a system, ie. is there a common factor or not, is it just bad luck or does the system suck.

I've borrowed the image of the chart you posted, failed trades 1, 2, 3 and 4 ALL of them were too close to resistance which it was trying to break and couldn't (even with news later on in the day) and no room to move the BE if needed. The wins ALL had a good distance (for such a small ADR currency) to the next pivot down after rejecting the resistance above.
Attached Image (click to enlarge)
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  • #195
  • Apr 26, 2014 8:37am Apr 26, 2014 8:37am
Quoting demoreal
In hindsight all the working ones look good
Agree
And it's impossible make a visual backtest scrolling down to the left the charts, for many reason; one of them is it's impossible watch the pivots of the previous days
Don't give up
  • #196
  • Apr 26, 2014 8:52am Apr 26, 2014 8:52am
Quoting geomink
{quote} Agree And it's impossible make a visual backtest scrolling down to the left the charts, for many reason; one of them is it's impossible watch the pivots of the previous days
The pivots RJ posted on the genesis thread shows the previous days pivots quite a way back.
  • #197
  • Apr 26, 2014 8:55am Apr 26, 2014 8:55am
Quoting geomink
{quote} Great!!! So let me make an example, just to know if I've understood right well...... Example as your post: - Account @ January 01 2014 > 10.000 Euro; - Max SL 30 pips; - Max risk per trade with 30 pips SL > 2% of the total account; - Average daily gain 50 pips > almost 8,5% of the account - Number of days of trading in a year > 200 - Compounding with no withdrawal; - At the end of the year, just as your previous post, you'll have in the account (with compounding and no withdrawal) almost 121.884.263.363 Euro And then you have to be already...
You're assuming too much. His tolerance of risk may not be 2% it may be 0.0001%, he may not compound, or he could withdraw on a regular basis. You obviously don't believe those pip gains are possible, well I'm sorry but they definitely are possible.
  • #198
  • Apr 26, 2014 9:14am Apr 26, 2014 9:14am
Quoting lastingwell
he may not compound, or he could withdraw on a regular basis
yes, but the example was different
Don't give up
  • #199
  • Apr 26, 2014 10:23am Apr 26, 2014 10:23am
Quoting geomink
{quote} yes, but the example was different
Where did he mention his risk per trade and whether he compounds or not??
  • #200
  • Edited 1:23pm Apr 26, 2014 11:33am | Edited 1:23pm
Thanks Civilpes2001, Latingwell and Geomink for the responses.

I'm still trying to achieve consistent profitability and appreciate your advice as how to get there. I prefer realistic posts to exaggerated claims (never understood why some of the members need to exaggerate about their trading - it's not as if they are going to make profit out of it)
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