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Genesis - continuation

  • #241
  • May 2, 2014 4:12am May 2, 2014 4:12am
what a wonderful loss!
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Don't give up
  • #242
  • May 2, 2014 4:54am May 2, 2014 4:54am
Quoting geomink
what a wonderful loss! {image}
where is the entry point ? :nerd:
gEt BusY LiVinG oR Get bUsy dyIng
  • #243
  • May 2, 2014 4:59am May 2, 2014 4:59am
Quoting geomink
what a wonderful loss! {image}
the chart doesn't show anything.......
  • #244
  • May 2, 2014 5:46am May 2, 2014 5:46am
Quoting asithaya
{quote} where is the entry point ? :nerd:
short LO
Don't give up
  • #245
  • May 2, 2014 6:35am May 2, 2014 6:35am
Quoting geomink
what a wonderful loss! {image}
Actually about a 5 pip loss including spread if you take it out at the next buy signal.
  • #246
  • May 2, 2014 9:24am May 2, 2014 9:24am
Subscribed it! ​
Thanks
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #247
  • May 2, 2014 12:56pm May 2, 2014 12:56pm
Hi Genesis traders,

I want to say a massive thank you to RJ and the Genesis team for giving us such a great system. I was lurking in the original thread for a while, learning the system and trying to improve my consistency. I am currently in the process of going back over the senior thread members posts. I work full time but my shift pattern of 5 days working and then 4 days off gives me time to trade. I am trading live but only micro lots and will keep it this way until my profitability improves. I would very much like to part of a trading community where we can all learn from each others successes and mistakes and therefore want to post some of my trades from next week.

Captain.
  • #248
  • May 5, 2014 5:12am May 5, 2014 5:12am
just took a SELL on the EURUSD, lets see what happens
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  • #249
  • May 5, 2014 5:28am May 5, 2014 5:28am
Quoting Adeleke
just took a SELL on the EURUSD, lets see what happens {image}

........seems the forex market is "dead"....................
Don't give up
  • #250
  • May 5, 2014 5:38am May 5, 2014 5:38am
Quoting geomink
{quote} ........seems the forex market is "dead"....................

You can say that again. Maybe some news anticipation that I don't know about?
  • #251
  • May 5, 2014 5:46am May 5, 2014 5:46am
Quoting Adeleke
{quote} You can say that again. Maybe some news anticipation that I don't know about?
Bank holiday on both GBP & JPY. Will be fairly quite i imagine.
tokyo session was ok today.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #252
  • May 5, 2014 12:30pm May 5, 2014 12:30pm
Quoting ExcessFX
{quote} Bank holiday on both GBP & JPY. Will be fairly quite i imagine. tokyo session was ok today. ExcessFX

Damn, you would think I would have learnt by now. my sell was a lost
  • #253
  • May 5, 2014 2:41pm May 5, 2014 2:41pm
Quoting Adeleke
just took a SELL on the EURUSD, lets see what happens {image}
Forgive me for saying, but I think having the m15 stoch set at 5,3,3 is sort of defeating the object of having it there, its too close to the m5 stoch, you would be better of having it at 11,3,3 the same as m5.
  • #254
  • May 5, 2014 2:45pm May 5, 2014 2:45pm
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...
I agree to the M15 arrow for HPT trade especially in a trending market. You wouldn't want to eat the heads and tails of a fish, but M15 filters both ends, gives us all the meat in the middle. Although a bit late with the signal, using M15 chart alone provides a much accurate filter for getting in and out of the trade.
  • #255
  • May 5, 2014 5:28pm May 5, 2014 5:28pm
Just a heads up, there is a JPY Bank holiday today.
Tokyo session may be quite… or erratic.

Something to consider anyway if trades are not forthcoming today.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #256
  • May 6, 2014 3:23am May 6, 2014 3:23am
Quoting lastingwell
{quote}Forgive me for saying, but I think having the m15 stoch set at 5,3,3 is sort of defeating the object of having it there, its too close to the m5 stoch, you would be better of having it at 11,3,3 the same as m5.

Really? ok thanks . i'll check it out. the truth is I ain't really a big fan of indicators. even while trading Genesis, I still wait for PA to pull-back before entering a trade. when all the indicators are telling me to GO, that to me is the first bell, when PA does a pull-back and plunges towards that direction again, then I enter.
  • #257
  • May 6, 2014 7:55am May 6, 2014 7:55am
Good afternoon. I took this trade on GBPJPY this morning in Frankie hour just after 6:35 GMT. I use a non MT4 broker and just use MT4 for charting. I will add the market open indi and BRN indi to my posting template before tomorrow. I took a screenshot of the trade just after entry and just after exit. The trade worked out but this does not necessarily make it a good trade. Please give your comments to help me and others improve.

Pros: M5,M15,M30,H1 arrows and matrix all white. A bounce of the DP with a series of higher lows.
Cons: 15 min stoch not the most convincing i've ever seen. Would like SL under DP which would make it around 25 pips.

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I decided to exit when price seemed to struggle to go higher and 5min TVI was staying red.

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The result was 32 pips

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  • #258
  • May 6, 2014 11:27am May 6, 2014 11:27am
Quoting captainforex
Good afternoon. I took this trade on GBPJPY this morning in Frankie hour just after 6:35 GMT. I use a non MT4 broker and just use MT4 for charting. I will add the market open indi and BRN indi to my posting template before tomorrow. I took a screenshot of the trade just after entry and just after exit. The trade worked out but this does not necessarily make it a good trade. Please give your comments to help me and others improve. Pros: M5,M15,M30,H1 arrows and matrix all white. A bounce of the DP with a series of higher lows. Cons: 15 min stoch...

Looks pretty ok to me
  • #259
  • May 7, 2014 2:49am May 7, 2014 2:49am
just took a buy on the EURUSD, lets see what happens.
think I waited abit too late though
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  • #260
  • May 7, 2014 3:18am May 7, 2014 3:18am
Good morning. I have been watching GJ, EJ, EA since FO but havent taken anything. The closest i came was this (red line) on the EJ but very CT with red M15, M30, H1, H4 arrows so decided to pass.
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