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Genesis - continuation

  • #541
  • Dec 1, 2014 7:07am Dec 1, 2014 7:07am
Quoting fxnikolaev
{quote} Thank you! Really appreciated your explanation! I am reading original thread, on page 600 right now.
Great!

The postings on the original thread will help you focus on the Genesis Matrix method. As RJ had pointed out several times, the idea of the thread was to discuss the pure method of Genesis. What I do is, do my own price action analysis and base my entries on Genesis. In the original thread, I did not (tried not to) post any non Genesis discussion, to keep the thread pure as per RJ's wish. In this thread, I might discuss price action analysis from time to time to explain the Genesis entries. I cannot promise to be regular, but will try post trades whenever possible.
What the mind does not know, the eyes cannot see
  • #542
  • Dec 1, 2014 8:06pm Dec 1, 2014 8:06pm
Quoting padila
{quote} Great! The postings on the original thread will help you focus on the Genesis Matrix method. As RJ had pointed out several times, the idea of the thread was to discuss the pure method of Genesis. What I do is, do my own price action analysis and base my entries on Genesis. In the original thread, I did not (tried not to) post any non Genesis discussion, to keep the thread pure as per RJ's wish. In this thread, I might discuss price action analysis from time to time to explain the Genesis entries. I cannot promise to be regular, but will...

Genesis seems to be great to confirm what we see from price action. I look forward to your analysis. I am happy that I stumbled across this thread. I tried Genesis on the 1 min, but I found that the 5 min is much easier (for me) to trade from.
  • #543
  • Dec 2, 2014 2:32am Dec 2, 2014 2:32am
Quoting AmishBuggyFX
{quote} Genesis seems to be great to confirm what we see from price action. I look forward to your analysis. I am happy that I stumbled across this thread. I tried Genesis on the 1 min, but I found that the 5 min is much easier (for me) to trade from.
From my experience, Genesis M5 is really good to place a trade since the signals are well defined. Once the price action analysis and multiple time frame correlation is clear, Genesis has always helped me place the trade.

Regarding M1, my only experience is with indices, but whenever I trade the indices in M1, I always have a M5 chart open in front of me all the time. Yes, M1 is good for Forex as well and RJ had proved that. I think it is a matter of experience and what suits the trader personally.
What the mind does not know, the eyes cannot see
  • #544
  • Edited 3:45am Dec 2, 2014 3:18am | Edited 3:45am
This morning's EU.
Attached Image (click to enlarge)
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Daily chart bearish. H4 recent lower high, still bearish.

This morning, M15 bearish.

M5 Chart: At 04:40 GMT, there was a Genesis signal and the Stochs were giving the right signal, but there was no volume in the market. At FO, price rejected Daily Pivot and made a lower high. At London open, when volume came, price continued down. Trade was taken just before full Matrix signal, but as mentioned before, the setup was there much before London open.

Points against the trade were BRN 1.2450 and Weekly Pivot at 1.2447, but price broke through these levels without any problem.

From EU M5, one cannot expect more than 20 pip move anyway. The stop loss was also around 20 pips and trade was about 1:1.

The Spanish news did favour the trade, but I wanted to highlight the analysis.
What the mind does not know, the eyes cannot see
  • #545
  • Dec 2, 2014 9:14am Dec 2, 2014 9:14am
Quoting zby1993
Live result with 13 consecutive wins so far in 6 trading days. Traded genesis with my personal technical/fundamental view. I jump between time frames but primary rely on H1 stoch for trend decision and M1/M5 for entry {image}
Hi, sorry for my bad language. I also use genesis,but I have a pretty old version.And I but the interesting thing to test Your completion of this strategy,unless of course it is possible.
What additional indicators are used and what are your criteria when entering a position?What are the rules for the installation of stop loss and taike profit do You use?
Please,if possible please share Your version of this strategy and pravilov entry and exit from the market.Once again I apologize for my bad English
  • #546
  • Dec 2, 2014 12:46pm Dec 2, 2014 12:46pm
Quoting VaheV
{quote} Hi, sorry for my bad language. I also use genesis,but I have a pretty old version.And I but the interesting thing to test Your completion of this strategy,unless of course it is possible. What additional indicators are used and what are your criteria when entering a position?What are the rules for the installation of stop loss and taike profit do You use? Please,if possible please share Your version of this strategy and pravilov entry and exit from the market.Once again I apologize for my bad English
Vahe, I want you to know that I did not add any other indicator as Genesis strategy is already complete. My advice is to study chart pattern and daily/ weekly S/R level. Chart patterns such as head and shoulders, ascending triangle etc are "very important" when trading with any strategy. There are more available on the website. Google and memorize them as it will be extremely helpful for ur future trading. Try to combine those knowledge with Genesis and I believe u should have more accurate entry. If you know how to find entry, you will know where to exit as well. And remember that putting SL to break even is very important once you've hit 15 or 20 pips. Hmm pretty much that is.
  • #547
  • Dec 3, 2014 3:03am Dec 3, 2014 3:03am
Morning traders. First trade for today +26 for now.
Some times it is not easy to define the entry but some times it is really easy like today
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  • #548
  • Dec 3, 2014 4:29am Dec 3, 2014 4:29am
Attached Image (click to enlarge)
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GJ this morning.

Daily trend bullish. H4 good cyclicity, bullish. H1 bullish. Retracement of price in the morning, then Pivot break. Good Genesis signals. Price went to BRN 187.00
What the mind does not know, the eyes cannot see
  • #549
  • Dec 3, 2014 4:31am Dec 3, 2014 4:31am
Quoting fxnikolaev
Morning traders. First trade for today +26 for now. Some times it is not easy to define the entry but some times it is really easy like today {image}
Nice trade, well done!
What the mind does not know, the eyes cannot see
  • #550
  • Dec 3, 2014 6:05am Dec 3, 2014 6:05am
Quoting VaheV
{quote} Hi, sorry for my bad language. ...
VaheV,

I also recommend to go to the original Matrix thread and simply check for RJ's pics (paperclip above right).
You will get a feeling of entry/exit as RJ traded and explained. The most recent version of indicators you still find on page 1 of the above thread / some additional indicators in Xaphod's thread, also mentioned on page 1.

Cheers
josch
trading is war - life is simple
  • #551
  • Dec 3, 2014 6:27am Dec 3, 2014 6:27am
EU today.

Daily trend bearish. H4 bearish. Price below support level of 1.2400. M15 bearish.

Good Genesis signal on M5. M15 stochs already down, but with above price action analysis, trade was taken.
Attached Image (click to enlarge)
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What the mind does not know, the eyes cannot see
  • #552
  • Dec 4, 2014 3:08am Dec 4, 2014 3:08am
Good to see you're still around! Looks like everything is going well.

Quoting padila
EU today. Daily trend bearish. H4 bearish. Price below support level of 1.2400. M15 bearish. Good Genesis signal on M5. M15 stochs already down, but with above price action analysis, trade was taken. {image}
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #553
  • Dec 8, 2014 7:56am Dec 8, 2014 7:56am
Hello Guys! Still testing the system on demo. Last week wasn't that good, I could say wasn't good at all, but still made some profit.
Missed this morning movement, was busy in the morning, trying to catch some pips by the end of day.
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  • #554
  • Dec 8, 2014 7:58am Dec 8, 2014 7:58am
Quoting padila
EU today. Daily trend bearish. H4 bearish. Price below support level of 1.2400. M15 bearish. Good Genesis signal on M5. M15 stochs already down, but with above price action analysis, trade was taken. {image}
Can you help me out with some advise, in the original thread some members using H4 and H1 stoch, but other members was against it, I have seen your charts with those stochs, what would you advise, is it reliable to use or not ? Thx
  • #555
  • Dec 8, 2014 4:55pm Dec 8, 2014 4:55pm
Quoting fxnikolaev
{quote} Can you help me out with some advise, in the original thread some members using H4 and H1 stoch, but other members was against it, I have seen your charts with those stochs, what would you advise, is it reliable to use or not ? Thx
There's really no right or wrong answer regarding this question. I've attached 2 images below hoping to clarify this.
If you happened to enter long on M5 ( what I call a first mover), you would see that H1 stoch had not yet reacted and was still pointing downward. But what happened later on? The trend turned back to the upside, and H1 stoch followed shortly roughly 2 hours later. If you missed the first move, you could still enter long followed by Genesis rule. So once H1 stoch has picked up, there is no reason to short this pair since the higher timeframe stochs are all going up.

If you are unclear of the stoch movement, you should look at the price action. Higher higher, Higher Low = uptrend. PA indeed bounced back from pivot and broke previous minor resistance and fundamentally AUD was weakening. All these add up should pretty much tell you that EA was going up and the recent pull back should be a correction for a higher move.

Again, before you jump into any trade, you should make sure you fully understand the S/R level and make sure that you know how to read stoch on different timeframe properly. All I can say is that this system does give high winning rate, and I'm still trying to master it. I've updated my trading result at the end as well. It's live result, not scamming.
Attached Image(s) (click to enlarge)
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  • #556
  • Dec 11, 2014 5:10pm Dec 11, 2014 5:10pm
Quoting zby1993
{quote} There's really no right or wrong answer regarding this question. I've attached 2 images below hoping to clarify this. If you happened to enter long on M5 ( what I call a first mover), you would see that H1 stoch had not yet reacted and was still pointing downward. But what happened later on? The trend turned back to the upside, and H1 stoch followed shortly roughly 2 hours later. If you missed the first move, you could still enter long followed by Genesis rule. So once H1 stoch has picked up, there is no reason to short this pair since the...
Thank you ! Really helpful ! If it is not a lot to ask, can you post some of your trades. Thank you!
  • #557
  • Dec 11, 2014 5:48pm Dec 11, 2014 5:48pm
Quoting padila
{quote} From my experience, Genesis M5 is really good to place a trade since the signals are well defined. Once the price action analysis and multiple time frame correlation is clear, Genesis has always helped me place the trade. Regarding M1, my only experience is with indices, but whenever I trade the indices in M1, I always have a M5 chart open in front of me all the time. Yes, M1 is good for Forex as well and RJ had proved that. I think it is a matter of experience and what suits the trader personally.

I just stopped by as your post caught my eye a few days ago. You're doing a good job here Padila.....keep it up, and have a great Christmas
Doing what you like is Freedom. Liking what you do is Happiness.
  • #558
  • Dec 22, 2014 9:11pm Dec 22, 2014 9:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 12-22-14.png Size: 48 KB


I had a nice little trade today, and wanted to share a screenshot. I hope this thread does not die out. I really like this strategy.
  • #559
  • Jan 8, 2015 2:30am Jan 8, 2015 2:30am
GJ Not the best entry but I was lucky.
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  • #560
  • Jan 8, 2015 2:37am Jan 8, 2015 2:37am
Quoting arkay
GJ Not the best entry but I was lucky. {image}
Good catch. It was near perfect one.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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