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Genesis - continuation

  • #201
  • Apr 27, 2014 2:03am Apr 27, 2014 2:03am
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...
Great post sasakiac.........apart from the E60 addition the system is still the same - it ain't broke - don't fix it. It's OK to add your own touches but gee whiz the system works. RJ has handed most people, the one's who are willing to read and go the hard yards, the keys to their future - what a gift!! Just because it's FREE doesn't mean it's not a good system. Doesn't get any easier than that!!

PM1
  • #202
  • Edited 9:14pm Apr 27, 2014 7:36pm | Edited 9:14pm
Sometime I enter with conservative rule with M15 arrow and sometime I do not. But in order for the trade to become a HPT, we need to see the M15 arrow catch up at least 3-6 bars after, or else we should just start closing the trade at break-even. It's true that M15 Matrix and arrow can change before the matrix complete, but it should not really affect our entry. If it's a HPT, then it's a HPT. However, a HPT trade can still become a loss trade. No system is perfect!

Entry:
1)Standard Genesis setup
2)Below EMA60
3)Below daily pivot

Exit: Minor support

+20 pips gained from this trade.

Genesis is just this simple....
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  • #203
  • Apr 27, 2014 8:41pm Apr 27, 2014 8:41pm
Hey Everyone, good to see the thread continue.
Tokyo open has been OK today, 3 trades on 3 different pairs.
Entry on all trades was away from the 60SMA and also DP. Also, M5 matrix, and M5 Arrow (sometimes M15) were all present.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #204
  • Apr 27, 2014 9:27pm Apr 27, 2014 9:27pm
Good job ExcessFX with ur +73 pips in tokyo session !

I've to remind the rest of the Genesis traders that +50 pips per day is extremely possible. If you can't make at least 20 pips per day, it means you simply do not understand Genesis Matrix System. So stop questioning about the profitability of the system or think that we are exaggerating about our daily pip gain. Go back and read over the entire Genesis thread and practice on a demo account.
  • #205
  • Apr 27, 2014 9:45pm Apr 27, 2014 9:45pm
Quoting ExcessFX
Hey Everyone, good to see the thread continue. Tokyo open has been OK today, 3 trades on 3 different pairs. Entry on all trades was away from the 60SMA and also DP. Also, M5 matrix, and M5 Arrow (sometimes M15) were all present. ExcessFX {image} {image} {image}
Hey Excess, Does that supertrend indicator help you to filter trades as well? Can you post your version?

thanks.
Enter Signature
  • #206
  • Apr 27, 2014 10:10pm Apr 27, 2014 10:10pm
Quoting sasakiac
Good job ExcessFX with ur +73 pips in tokyo session ! I've to remind the rest of the Genesis traders that +50 pips per day is extremely possible. If you can't make at least 20 pips per day, it means you simply do not understand Genesis Matrix System. So stop questioning about the profitability of the system or think that we are exaggerating about our daily pip gain. Go back and read over the entire Genesis thread and practice on a demo account.
Thanks Sasakiac, I tend to agree, I think its a matter of trading the system until you totally understand it.
I know i won't be turning away from the GMTS!
Some sound advice you gave on post 181, good stuff.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #207
  • Apr 27, 2014 10:12pm Apr 27, 2014 10:12pm
Quoting cheekiboi
{quote} Hey Excess, Does that supertrend indicator help you to filter trades as well? Can you post your version? thanks.
pretty sure its similar to the standard arrows, More info here: http://www.forexfactory.com/showthread.php?t=329399

XS
Learn from your mistakes until you succeed. It's that simple.
  • #208
  • Apr 28, 2014 1:36am Apr 28, 2014 1:36am
Quoting sasakiac
Sometime I enter with conservative rule with M15 arrow and sometime I do not. But in order for the trade to become a HPT, we need to see the M15 arrow catch up at least 3-6 bars after, or else we should just start closing the trade at break-even. It's true that M15 Matrix and arrow can change before the matrix complete, but it should not really affect our entry. If it's a HPT, then it's a HPT. However, a HPT trade can still become a loss trade. No system is perfect! Entry: 1)Standard Genesis setup 2)Below EMA60 3)Below daily pivot Exit: Minor support...
are you sure your open/close lines are right?
maybe mines are wrong
Don't give up
  • #209
  • Apr 28, 2014 1:40am Apr 28, 2014 1:40am
Quoting ExcessFX
Hey Everyone, good to see the thread continue. Tokyo open has been OK today, 3 trades on 3 different pairs. Entry on all trades was away from the 60SMA and also DP. Also, M5 matrix, and M5 Arrow (sometimes M15) were all present. ExcessFX {image} {image} {image}
about EA trade you entered before signal candle was closed; I think it's against the page #1's rules of this system
the profit would not be 20 pips
Don't give up
  • #210
  • Apr 28, 2014 1:43am Apr 28, 2014 1:43am
Quoting sasakiac
Sometime I enter with conservative rule with M15 arrow and sometime I do not. But in order for the trade to become a HPT, we need to see the M15 arrow catch up at least 3-6 bars after, or else we should just start closing the trade at break-even. It's true that M15 Matrix and arrow can change before the matrix complete, but it should not really affect our entry. If it's a HPT, then it's a HPT. However, a HPT trade can still become a loss trade. No system is perfect! Entry: 1)Standard Genesis setup 2)Below EMA60 3)Below daily pivot Exit: Minor support...

about this trade you entered before signal candle was closed; I think it's against the page #1's rules of this system
Don't give up
  • #211
  • Apr 28, 2014 1:46am Apr 28, 2014 1:46am
Quoting lastingwell
{quote}Where did he mention his risk per trade and whether he compounds or not??

I meant it was MINE example

In any case I'd prefer his answer then yours
Don't give up
  • #212
  • Apr 28, 2014 1:47am Apr 28, 2014 1:47am
Quoting ExcessFX
Hey Everyone, good to see the thread continue. Tokyo open has been OK today, 3 trades on 3 different pairs. Entry on all trades was away from the 60SMA and also DP. Also, M5 matrix, and M5 Arrow (sometimes M15) were all present. ExcessFX {image} {image} {image}

did you take three trades toghether on live account?

how much did you risk per trade?

thanks
Don't give up
  • #213
  • Apr 28, 2014 2:20am Apr 28, 2014 2:20am
anyone from LO?
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Don't give up
  • #214
  • Apr 28, 2014 2:30am Apr 28, 2014 2:30am
Quoting geomink
anyone from LO? {image}
late entry

23 pips instead of 28
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Don't give up
  • #215
  • Apr 28, 2014 2:35am Apr 28, 2014 2:35am
EA Short - 17 pips, pre Frankie trade.
Its taken off in the other direction now!

XS
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Learn from your mistakes until you succeed. It's that simple.
  • #216
  • Apr 28, 2014 2:37am Apr 28, 2014 2:37am
GU - 28 Pips
Hit TP at R1

XS
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Learn from your mistakes until you succeed. It's that simple.
  • #217
  • Apr 28, 2014 2:42am Apr 28, 2014 2:42am
Quoting ExcessFX
GU - 28 Pips Hit TP at R1 XS {image}
do you usually enter long even below the daily pivot?
it seems you get more importance to the ma then other things, is it right?
Don't give up
  • #218
  • Apr 28, 2014 2:47am Apr 28, 2014 2:47am
Hello everyone, just created my account because even if I am trying this system for quite some time, I am more a reader than a poster.

I just wanted to say that what I thought was a little bit unfortunate in the previous thread was that the experienced traders that were posting their trades and doing analysis on it were always posting charts after everything happened.

I did a lot of tests on past charts, actually, I've spent most of my weekends going back up to a year in the past on several pairs to apply as strictly as I could the basic genesis rules to see if I was understanding it well.
But I came to the conclusion that it wasn't reliable to learn that way, and I don't know if that's just me but, I don't feel like I am learning from analysis done on a chart on which everything as already happened.
What I am trying to say is that, it is easy to find a good entry when the slope and the crosses of the Stochastics are set in stone.
But when you try to trade a live chart, slopes and crosses can still be affected by PA and from what I've been experiencing these last weeks, if I try to wait a couple of periods to be sure that crosses and slopes are "validated", it's generally too late. On the other hand, if I try to enter a trade as soon as everything align itself, the PA move the other way and what was a stochastic cross at that time is actually just a bounce.

So, in short, I think for me what could make me learn alot more would be the same kind of analysis done on charts at the moment at which we should make an entry. I would be very gratefull if experienced members could do that.

(I know that it sounds like I'm asking to others to tell me when to enter a trade but I am not, if you want to help me and maybe other members by doing this kind of analysis, please don't post until them too early. It could turn a nice learning thread in a "Do as I say" thread)
  • #219
  • Apr 28, 2014 2:49am Apr 28, 2014 2:49am
Quoting geomink
{quote} do you usually enter long even below the daily pivot? it seems you get more importance to the ma then other thinks, is it right?
Under DP was the only thing against this one. Other than that, everything else was looking good, stochs, arrows (M5 + M15) etc.
S/L was only about 7 pips or so.

XS
Learn from your mistakes until you succeed. It's that simple.
  • #220
  • Apr 28, 2014 2:50am Apr 28, 2014 2:50am
Quoting ExcessFX
{quote} Under DP was the only thing against this one. Other than that, everything else was looking good, stochs, arrows (M5 + M15) etc. S/L was only about 7 pips or so. XS
thanks

Don't give up
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