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Genesis - continuation

  •  xBB
  • | Joined Jan 2015 | Status: Junior Member | 1 Post
New Trader here on a demo account. Just graduated babypips before holiday season and spent the season reading the genesis continuation post and the first 100 or so pages of the original post. Just wanted to share my very first 'real' demo trade (minus a few I made while learning about the interface during the course) and it was a success too!

xBB Trade Post - 1

Trend overall on 5,15,1H was downwards so I was looking for a down trade.
I labelled the SL on the 5 minute at the last high.
My TP was at the S1 for +24. The price dipped a bit further but it looks like it's about to rebound as I type this. I could have milked it for a few more pips but I'm perfectly content as it is. (Might still break through but not going to worry about that).

Trade (+)
Saw the down arrow and favorable stochastic 15. The most recent stochastic 5 wasn't at the 80 level but the one only a few bars before it was and it corresponded to the 15 stochastic.
Followed the trend.

Trade (-)
The only thing that made me really nervous was actually there was an up arrow only a few bars before on the 15 graph but it dojied with overbought stochastic so I thought it was just a minor retracement / false arrow. I didn't have to monitor it for long before the down arrow I wanted came.

Improvements for the future: Just related to probably being a noob. I liked to stare at the chart from start to finish like a cat with a dangling toy in front of it. I'm going to monitor it carefully for the 15 arrow and then do other things so I don't just stare at it; it'll just give me a heart attack one day xD.

I'll try to post here and there. Looking forward to working with yall.
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AC trade +23, up trend, support, exit at the pivot level
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EU
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Hi, im been reading up on the genesis main thread for some time and started some demo trading today.
EURCAD
Is this entry ok?
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Hi Leastchaos
Stoch signáls are very good,but it is contrary trend and on the left on your chart I can see support area too.Personally I would not take this one.
ok. i will try to take more note of the nearby S/R levels if im trading against the trend.
Luckily i guess it turned out well.
I exited and reentered at a new point as its a down trend, it closed below the pivot and the stoch looks gd to me
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What do you think of the exit and reentry?
AUDUSD
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olla genesis troopers, just was wondering how did this great thread be dead, anyway will try to post my screens from time to time, so lets start this by showing my screen.

as u see i use genesis matrix last update, together with few indi, mainly i use this on 30m-1hr , as few yrs ago
i was looking for 1hr system and found this great system



im nt gonna say im great using this system, as most days im not able to day trade, but if you know wht u r doing, then thi system will be great complementary
for your portfolio

anyway i hope we can bring back this thread and lets help each other
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btw i forgot to mention this thread owner, da mighty REALJUMPER man i just cant thank enough for all da coaching u been doing on ur original thread, that thread should be placed on hall of fame , just to let u knw hw good it was atleast for, if realjumper offered to sell his service nobody can afford and the few who can,will be rich for sure

also wanna thank everybody who helped on the original thread, i dont want to mention names just not to forget any, so thank u all guys/girls
Don't let genesis thread die. I ll try to post my trades frequently.

Here is a EU trade I took today.
Few pips below 1.0800 BRN, M15 stoch had a wide mouth open.
Strong signal for me, H1 chart had a strong bear trend.
SL was 20 pips,
M15 stochs and M5 genesis matrix didn't care S2 line, so i put tp few pips above S3.
61 Pips TP hit.
R:R = 3
If you risk 2% , you should have made 6% of the account.

This is the power of genesis. thank you RJ and other senior members.
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gEt BusY LiVinG oR Get bUsy dyIng
i dont want to see the demise of such a great system. did a little trading on M1 EURJPY today with genesis. there was an earlier signal but i missed it, caught a part of trend though.
M1 and M5 < SMA 60(Matryfishs filter)
M5 and M15 Matrix down
M5, M15 ASCTrend Red at this point.
M5 Stoch Oversold but M15,M30,H1 are agreeing

im using M1 to see entry and exit as i feel that it works for me better although im still using M5 and M15 timeframe

Exit: Candle Close > EMA 5 and High of previous 2 candle
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Quoting leastchaos
i dont want to see the demise of such a great system. did a little trading on M1 EURJPY today with genesis. there was an earlier signal but i missed it, caught a part of trend though. M1 and M5 < SMA 60(Matryfishs filter) M5 and M15 Matrix down M5, M15 ASCTrend Red at this point. M5 Stoch Oversold but M15,M30,H1 are agreeing im using M1 to see entry and exit as i feel that it works for me better although im still using M5 and M15 timeframe Exit: Candle Close > EMA 5 and High of previous 2 candle {image}
Nice trades guys - RJ would be proud!!

PM1
Morning, nice trade Leastchaos.
I'm mainly on GU at present (sometimes EU lately).
Today's trade below. Very quick and my day is complete; 18 pips (target 20) is good enough for me.
Good weekend all.
Strada.
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Quoting strada
Morning, nice trade Leastchaos. I'm mainly on GU at present (sometimes EU lately). Today's trade below. Very quick and my day is complete; 18 pips (target 20) is good enough for me. Good weekend all. Strada. {image}
Nice to see you Back
gEt BusY LiVinG oR Get bUsy dyIng
Yesterday was red for me . Took a EU trade today , Price is retracing back to the previous prices after FOMC , there was a little pullback near 1.07000 , I moves SL to BE + few pips.

sl ws 34pips , tp was 120 pips , R:R is around 3.5
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gEt BusY LiVinG oR Get bUsy dyIng
hi guys who are still using genesis,
i was doing a visual backtest on the m5 eurusd chart and was so called "flying blind" by just using indicator, m5 matrix, m5 asc trend and m5 and m15 stochastic. the hidden indicator windows are just the m15 version which i did not look at to pick these signals
so i got this 2 signal. is there something wrong with this 2 entry or what would prevent me from taking the first trade and only the 2nd trade.
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Quoting leastchaos
hi guys who are still using genesis, i was doing a visual backtest on the m5 eurusd chart and was so called "flying blind" by just using indicator, m5 matrix, m5 asc trend and m5 and m15 stochastic. the hidden indicator windows are just the m15 version which i did not look at to pick these signals so i got this 2 signal. is there something wrong with this 2 entry or what would prevent me from taking the first trade and only the 2nd trade. {image}
It is a CT signal , personally i don't take CT signals without at least two pullbacks from the s/r level. If the 15M stochs momentum is very high ( wide mouth open ) I take CT trades, It is a choice of the trader. Back testing using 15 stochs in 5min chart does not provide correct signal locations. M15 stochs repaint within three 5min bars.
Best way to test is forward testing using a demo. There is a IFR test result posted by jjre65 in the original genesis thread. If you want to get confidence with genesis signals IFR testing is a good way.

http://www.forexfactory.com/showthre...73#post7126973
From this post jjre65 has posted his experiences and trades.

Those are my ideas.
gEt BusY LiVinG oR Get bUsy dyIng
Quoting leastchaos
hi guys who are still using genesis, i was doing a visual backtest on the m5 eurusd chart and was so called "flying blind" by just using indicator, m5 matrix, m5 asc trend and m5 and m15 stochastic. the hidden indicator windows are just the m15 version which i did not look at to pick these signals so i got this 2 signal. is there something wrong with this 2 entry or what would prevent me from taking the first trade and only the 2nd trade. {image}
There is a very simple way to avoid such losing trades.
After a trade is signalled, use a buffer before entry.
I trade 1 min charts and use a buffer of 1 pip minimum (ie - I always wait for price improvement of 1 pip before entry), for 5min charts you could consider a wider buffer, whatever suits you.
if you enter immediately on a signal, you will be amazed at the number of times you will be on a train going in the wrong direction. Use a buffer and at least you know the trade is going your way. It may not guarantee a profit, but it considerably improves the likelihood.
It does of course cost you an extra pip in expenses, but I see that as a worthwhile business expense!!
Hope it helps, strada.
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  • Post #579
  • Quote
  • Edited at 6:51am Mar 23, 2015 6:38am | Edited at 6:51am
Quoting asithaya
{quote} It is a CT signal , personally i don't take CT signals without at least two pullbacks from the s/r level. If the 15M stochs momentum is very high ( wide mouth open ) I take CT trades, It is a choice of the trader. Back testing using 15 stochs in 5min chart does not provide correct signal locations. M15 stochs repaint within three 5min bars. Best way to test is forward testing using a demo. There is a IFR test result posted by jjre65 in the original genesis thread. If you want to get confidence with genesis signals IFR testing is a good way....
thanks i will take a look on them.


Quoting strada
{quote} There is a very simple way to avoid such losing trades. After a trade is signalled, use a buffer before entry. I trade 1 min charts and use a buffer of 1 pip minimum (ie - I always wait for price improvement of 1 pip before entry), for 5min charts you could consider a wider buffer, whatever suits you. if you enter immediately on a signal, you will be amazed at the number of times you will be on a train going in the wrong direction. Use a buffer and at least you know the trade is going your way. It may not guarantee a profit, but it considerably...
thanks for the feedback. i will take a look at it for this week trading.
just realised your style of trading in the multi stochastic thread suits my thoughts on this system too. gonna study them too XD
  • Post #580
  • Quote
  • Edited at 1:49pm Mar 26, 2015 1:33pm | Edited at 1:49pm
It's good this thread is still alive. The system is ok, but it's good to do extra analysis when using it. One has to be selective as what to trade and what not - I guess it comes with experience.

I shorted eur/jpy - set up was at 13:45 (London time - at the close of that 5m candle). I traded it because the matrix was good for a short, stochastic indicator was reasonable and most of all I liked that 'double top'. The price couldn't push up through a previous local high and that was enough for me to short it. There was no arrow, but as RJ mentioned it's ok if it appears shortly afterwards. Maybe I was too cautious to exit there, but I decided beforehand when it closes above yellow ma it's time to exit (don't like overstaying my welcome).

Next short set up was maybe ok, but I was not completely happy with it. Reason enough for me to miss the trade.

I'll post whenever I can. Please keep posting your trades (winning or losing - it doesn't matter) and try to explain why you took them.

Trade well
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