DislikedHi civilpes. Perhaps I should have stayed with it and let the trade breath. The M15 matrix did stay red throughout.Ignored
By the way are there also M1 Genesis Trader here?
- #302
- May 27, 2014 6:47pm May 27, 2014 6:47pm
Traders,
If I may, I would like to show you my trading method using the Genesis system. I find that this manages to weed out many of the losing trades, but sometimes only produces one or two trades a day. Here are my entry criteria:
a) I trade using a M15 chart
b) I use a 60EMA
c) I use a standard 15 min Stochastic with the settings - 30-10-10
d) I use the #mtf_stochastic v2.1 on 30 min with the settings 10-10-3
e) I use the usual GMTS Matrix and the ASC Trend indicators
f) The GMTS alerts me when there is a full set of blue squares or red squares
g) I now look for a cross of both the 15min and 30min stochs, these should be at or near either the 20 or 80 level
h) This part is important - the 30min stochs should both be heading down for shorts and up for longs. If they cross and one is going down and the other is going up, I don't take the trade
i) As usual, I don't trade towards the DP or the 60EMA
j) I exit when the 30min stoch crosses again. This doesn't always get the best exit, but is usually quite reliable.
I have included a picture of a good trade and one of a bad trade. Any comments would be welcome.
GOOD TRADE
BAD TRADE
If I may, I would like to show you my trading method using the Genesis system. I find that this manages to weed out many of the losing trades, but sometimes only produces one or two trades a day. Here are my entry criteria:
a) I trade using a M15 chart
b) I use a 60EMA
c) I use a standard 15 min Stochastic with the settings - 30-10-10
d) I use the #mtf_stochastic v2.1 on 30 min with the settings 10-10-3
e) I use the usual GMTS Matrix and the ASC Trend indicators
f) The GMTS alerts me when there is a full set of blue squares or red squares
g) I now look for a cross of both the 15min and 30min stochs, these should be at or near either the 20 or 80 level
h) This part is important - the 30min stochs should both be heading down for shorts and up for longs. If they cross and one is going down and the other is going up, I don't take the trade
i) As usual, I don't trade towards the DP or the 60EMA
j) I exit when the 30min stoch crosses again. This doesn't always get the best exit, but is usually quite reliable.
I have included a picture of a good trade and one of a bad trade. Any comments would be welcome.
GOOD TRADE
BAD TRADE
- #314
- May 29, 2014 6:45am May 29, 2014 6:45am
hi Moonie, though am doing a great job with my modified system, this idea of yours seems to get the entry better. I would definitely try it out. thanks mate
No worries Adeleke, it's carefully watching the angle of the red stoch and where price is in relation to the DP and 60 EME that seems to weed out many of the fake entries.
Todays trade - GU 15 min.
