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Genesis - continuation

  • #761
  • Aug 4, 2015 4:55am Aug 4, 2015 4:55am
Again, One trade only, M1 on GJ. Winning 2% of my account balance.
Good Points: M1 Matrix had closed, Stochs rising (could have been smoother), M1 Super Trend, London Open, Traded away from D/O.
The Bad: PA was very close to daily open line. Traded against the M15 Stoch and supertrend. I have just added these to my chart so still evaluating the importance.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #762
  • Aug 5, 2015 2:04am Aug 5, 2015 2:04am
Trades for this morning
+18 (without commissions ; +14.5 with commissions deducted )

All the best

Rooi
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We miss 100% of the shots we don't take
  • #763
  • Aug 5, 2015 2:27am Aug 5, 2015 2:27am
Nice one Rooi.
London open, now I wait for my 10 pips :-)

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #764
  • Aug 5, 2015 2:43am Aug 5, 2015 2:43am
Thats me for the day now.Traded EU but GU seemed to have more pips this morning
+32.4 before costs and +26.9 after costs

@ExcessFX -> Thanks and good luck and nice trading

All the best

Rooi
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We miss 100% of the shots we don't take
  • #765
  • Aug 5, 2015 3:12am Aug 5, 2015 3:12am
Ok, Just got 10 pips. My days work is done :-)
Almost a perfect setup. +2% on the account balance.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #766
  • Aug 6, 2015 12:04am Aug 6, 2015 12:04am
2 trades in Asia Sesion
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  • #767
  • Aug 6, 2015 12:27am Aug 6, 2015 12:27am
One more trade before FO
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  • #768
  • Aug 6, 2015 1:50am Aug 6, 2015 1:50am
+12.2 after costs and done for the day as I need to go out and have a couple of pips in the bag so that wil do

GL to all

Rooi
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We miss 100% of the shots we don't take
  • #769
  • Aug 6, 2015 5:14am Aug 6, 2015 5:14am
You can't win them all. -10 pips
This was too close to daily open.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #770
  • Aug 7, 2015 1:27am Aug 7, 2015 1:27am
Friday and done for the week

Out at the double bottom forming at that time

+11.1 after costs

Rooi
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We miss 100% of the shots we don't take
  • #771
  • Aug 10, 2015 4:16am Aug 10, 2015 4:16am
First (and last) trade for the day nearly 2 hours into LO.
+2% on the account.

Have a good week everyone.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #772
  • Aug 10, 2015 9:05am Aug 10, 2015 9:05am
Can't understand why people have pretty much given up on this system when it obviously works.
  • #773
  • Aug 10, 2015 1:21pm Aug 10, 2015 1:21pm
Why do you think, people have given up?
trading is war - life is simple
  • #774
  • Aug 10, 2015 2:09pm Aug 10, 2015 2:09pm
To use this system successfully it's important to choose the most suitable market for it IMHO. Currency strength meter may help as well when trading FX markets in choosing what to trade (buying the strongest currency or selling the weakest).

It's good spending some time studying charts and seeing what could be the best market to trade (it's relatively simple – just look for the system's signals success rate). When doing this, it's worth keeping in mind that signals always look better (clearer) with the benefit of hindsight.
  • #775
  • Aug 11, 2015 2:11am Aug 11, 2015 2:11am
A nice short days work (5 minutes). +2% on the account with 10 pips.
This is a perfect setup.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #776
  • Aug 11, 2015 2:53am Aug 11, 2015 2:53am
Quoting ExcessFX
... This is a perfect setup. ExcessFX {image}
If you are speaking about indicators' alignment - it is really perfect!. Glad you made "+2% on the account with 10 pips."
,...But, I am observing same condition on your chart about hour ago... Do you mind to explain the reason behind for taking or not taking the trade, please?
Thank you in advance.
  • #777
  • Aug 11, 2015 4:10am Aug 11, 2015 4:10am
Quoting josch
Why do you think, people have given up?
t
Hard to say. Some time ago I googled something like "best trading system". I remember one of the web pages that came up compared Genesis, Synergy Pro and two other trading programs whose names I forget. All four programs gave signals at the same place near enough, mostly the same candle. So Genesis is equally as good as some other programs regarding buy/sell signals. Of course they don't always work out, sometimes they reverse on you. And managing the trade after taking the trade signal is a subject all on it's own. Trading is hard and maybe some folks don't do as well at trading as they hoped and either give up or think the grass is greener elsewhere and move on to another system hoping for better results. Maybe it says more about people than the Genesis system.
  • #778
  • Edited 4:43am Aug 11, 2015 4:13am | Edited 4:43am
Quoting motosmile
{quote} If you are speaking about indicators' alignment - it is really perfect!. Glad you made "+2% on the account with 10 pips." ,...But, I am observing same condition on your chart about hour ago... Do you mind to explain the reason behind for taking or not taking the trade, please? Thank you in advance.
Here are my trade rules. These are non negotiable (for me).
- London must have opened. No trading before. Only trade up to 3 hours after.
- M1 Matrix must have closed with a full signal.
- Only take trades away from the daily open line.
- M1 stock must have been over the +30 or -30 and heading through the centre with a nice smooth line. I use Stochistogram for this.
- ADX must give a clear signal.
- I only trade GJ on M1.
- Once you get your 2% stop for the day. The more trades you take, the higher the risk of loosing, especially as this is further from LO.
- If you lose two trades in a row, stop for the day.

Once these condition are met, enter with 10pip SL & 10pip TP. 10 pips = 2% of account.

Other helpful indies which i sometimes disobey:
- M1 + M15 Super Trend tape, try to trade with these.
- M15 stoch. Try not to trade against it.
- Absolute strength. We want to see this diverging.

This is a mash-up of Udines 00 level thread and the Genesis system.

All the best.

ExcessFX.
Learn from your mistakes until you succeed. It's that simple.
  • #779
  • Aug 11, 2015 4:41am Aug 11, 2015 4:41am
Quoting Tanglewood
{quote} t Hard to say. Some time ago I googled something like "best trading system". I remember one of the web pages that came up compared Genesis, Synergy Pro and two other trading programs whose names I forget. All four programs gave signals at the same place near enough, mostly the same candle. So Genesis is equally as good as some other programs regarding buy/sell signals. Of course they don't always work out, sometimes they reverse on you. And managing the trade after taking the trade signal is a subject all on it's own. Trading is hard and...
I agree with most of this, but i think trading requires total control of your emotions. Fear, greed, temptation, anger etc.
If you lose control of any of these, then it can cost you.
Learn from your mistakes until you succeed. It's that simple.
  • #780
  • Edited 11:44am Aug 11, 2015 11:24am | Edited 11:44am
Quoting ExcessFX
{quote} Here are my trade rules....
Looks like you have got perfection. Taking into consideration your attitude to a self-control - it is absolute System.
My respect and thank you!
I certainly got inspired.
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