Genesis - continuation

Guys, I was studying the M5 with USDJPY pair, some signals will go from pivot to R1/S1 ... and some just go for few pips, how do we differentiate that this movement will go until the next level or this movement only go for a few pips. Is there anyway that we can do that? Cheers!

edit: The one with a red line is a sell signal but only go for a few pips. There's a buy signal before and the price move from pivot to R1.

hi, trying this method after a long time, been here when the original system was being discussed on FF.
just looking for new ideas to trade and mix things up.
i stacked three matrix together. 5m 15m and 1h.
following the larger trend might generate more winners, than just taking trade in both directions?

Just keep in mind that MTF recalculates until that higher TF bar closes in current chart. This means you don't use MTF indicators for backtesting...

x-x,

already mentioned in the original thread there were several advices to 'not trading against ...' for example the H1, if trading the M5.
Not having statistics about success with/against 'trend', using the MA60 trading the H4 to trade with this trend only here and it's ok.

josch

Quote: liquidice Post 940: "I just tried the GMTS on M5, am really surprised to see how essential it is to use the pivot .. wow ... I was trading only using H1 before but tomorrow I'll try to use M5."

Pivot points, simply put, are historical reference points. They show us a POSSIBLE areas where Price MAY consolidate, weaken, or turn based on what what happened in the past. The danger with Pivot Points is we can see them on our charts, and because we can see them we might make assumptions based on those lines. This assumption might lead us to attempt to predict where price will go in the future. But, we are Genesis traders.We don't predict. We don't know where Price will go in the future, and we don't care. All we care about is what Price is doing right now. IF Price reaches a pivot area and stalls, weakens, or turns, then yeah, it's probably a great place to consider an exit. But let's not assume it will automatically go there. Maybe it will, maybe it won't. As Genesis traders we really don't care. We leave predictions to others.

The time frame you choose is a personal business decision that we base on our past training, trading experiences, available resources and personalities. In regards specifically to the Genesis Matrix Trading System, it was created for M5 and M15 time frames, but some traders have successfully adapted GMTS to higher time frames. The debate rages on as to which time frame is most profitable. There will always be differences of opinion based on personal experiences, life situations, and expectations.

Quote: liquidice Post 941: "............Guys, I was studying the M5 with USDJPY pair, some signals will go from pivot to R1/S1 ... and some just go for few pips, how do we differentiate that this movement will go until the next level or this movement only go for a few pips. Is there anyway that we can do that? Cheers!"

There is and there isn't. I'm sorry for such a vague answer. Our job as Genesis traders is to look for High Probability trading opportunities based on the information provided through the indicators and Price Action we see on our charts. The Genesis Matrix Trading System was designed to give us High Probability opportunities at possibly catching the approximate middle two-thirds of a trend. Two-thirds of 15 is 10. Two-thirds of 9 is 6. Two-thirds of 3 is 1. "How long will the trend continue to exist?" (i.e. How strong is the trend?) We really won't know until it happens. "A trend is a trend until it isn't." So, how do we decide which signals are stronger than others? There are a few ways, but the caveat (There;s always something!) is that we need to practice in order to become proficient at interpreting the signals. When you have confidence in your signals, decisions come easier than when you're just starting to get familiar with them. Learning to read the stochastic (see original thread page 1, 1st post by Real Jumper for a few tutorials) is a real asset to being successful with GMTS. Also, the time is important. Some times and some sessions produce very strong signals while other times give us many false signals. This isn't a defect in Genesis. This would be true no matter how you trade.

The truth is; 1. You learn trading basics. 2. You search for and find YOUR trading preference. 3. You practice using that until you have complete confidence that the rules give you an edge that help you make sound trading decisions most of the time. 4. You manage your capital wisely. That's it. All it takes is time and effort.

Thanks, bobby2 and everyone who contributes to this thread. Genesis is really a very good system. I started to use it a few weeks ago and it's the first time I felt comfortable trading. At first I was in control of my trading decision and picked the most HBTs and made some profits but then the ASCmatrix or the general direction, stochs or pivots started to sway my decisions for entry or exits and ever since it has been like take a step forward today and a step back tomorrow. I re-read the original thread, the rules and FAQs then this one with the most important explanations and will trade again next week and look for the HBTs only. I wrote down the rules on a piece of paper to have during trading just to avoid straying from them again. It's such a great system and I don't want to jump to another one again. Again thank for explaining the system all over, bobby2 and anyone who contributed.

I'm not exactly sure what new traders or new users are expecting when they begin using the Genesis Matrix Trading System (GMTS). I'm sure you're hoping that this trading system is the answer to all your prayers. It can be. But here's the thing. There are so many proven, useful, and potentially profitable trading methods in existence that the actual total may be uncountable. A previous post sticks in my mind that said, "......... some signals will go from pivot to R1/S1 ... and some just go for few pips, how do we differentiate that this movement will go until the next level or this movement only go for a few pips. Is there anyway that we can do that?" Every time? No. Some of the time? Yes. Most of the time? Depends on your trading skills. Any trading system is a tool the trader uses. How skillful the trader is with the tool depends on the trader.

If the answer to the above post is a giant "YES!!" across the board, then we have found the trading system that all traders dream of. The trading system that just flat out screams, "ENTER NOW!!!", and, "GET OUT NOW!!!" and every trade will be (enter the dream pips total here) pips profit without a loss. You don't need to think and make decisions, just leave it that all to me, The System. I'm sorry. but you're going to have to trust me. That system does not exist.

Let's forget The System for a minute. Trading for many here is a business. It is either our main source of income or we are working toward that end. We're not playing around. We are really serious. Our lives and our quality of life depend on it. Our futures and possibly the futures of people dependent on us are literally going to be defined by our trading skills. We need to be, at least, capable of making sound business decisions with above average consistency on a daily basis. To do this we have to know as much about our industry as we can, and we need to have confidence that our business plan, our method of doing business, is based on sound principles that help guide us through what appears to be random chaos resulting in profit.

Study the Forex Market. Take a free course. Study all the things that this wacky thing called Price can do in a market. Try making some calls on a naked chart. Try different indicators. Try price bars, candles, and line-charts. Play around with your trading platform. What layouts do you like? Which ones make you sick? Keep a written record of what you've experienced, how you felt, what you learned. Certain things happen around the same time almost every day. What? Write it down. Remember it. At some point you start seeing things you've never noticed before. Weak candles, healthy candles, trend lines, consolidation areas,...........NOW, take Genesis and see it for what it is. It is not the Holy Grail of the trading industry. You need trading skills to use it profitably. You need money management skills to survive the business of trading. You need common sense to tell you when not to gamble your business away on one crazy trade. And you need discipline to follow all your rules all the time. OH! The rules caused you to miss a big movement? You followed the rules? Let it go. When people follow the rules they profit, when they don't something very bad may happen. The rules are there for a reason. Follow the rules.

All of this would be true no matter what trading system you decided to use. So. What can you expect with Genesis? You can expect a free, tested and proven, high-quality trading tool, that, even with average trading skills, can give you an edge at finding High Probability Trading opportunities on a basis consistent enough to build a profitable business over time. I think that's pretty cool.

This week was a little rough for me, for everybody I think. North Korean missiles and threats, U.S. political infighting, D.T. tweets and speeches, Jackson Hole Symposium, inflation concerns, Euro$ appreciating, sudden spikes, choppy markets, yada, yada, yada. It'll probably be like this until after Sept. 1st. But tomorrow is another day and we'll be right back at it. Best regards to everyone and hope all is well.

Very good day today. Attached is my last trade of the day. + 100 pips on GbpJpy. I have been moving to breakeven at the next obstacle and then trailing behind the last swing low or high and staying in as long as the m15 stochastic is still strong or above 80 when buying or below 20 when selling setting a 100 pip take profit. I also took a couple of other trades Eurjpy came out for +1, GbpAud and EurAud at 8.15 chart time (London time +2). GA came out at +60 pips roughly when the GMTS tape went red and the stochastic dropped below 80 and EurAud came out at +100 so a very good day.

so good to see you are using this strategy,traders have tendency to create the Holygrail, knowing that doesn't exist.i was not very happy with 15 min time frame.Iguess I have to give it a try once again,do u use 5 min time frame?

Yes I use the 5 min. For me the breakthrough has been how I now let it breathe at the beginning and keep the original stop loss in place then follow behind swings with the take profit set according to the atr of the currency. I set it at the first atr line (which is 80% of the average of the last 7 days) or if it is further away than 100 pips I set 100 pips. Just to show the things I look for are not just in hindsight I marked up the Gbp/Jpy chart with a trade I would have taken if I had been able to stay awake for 24 hours. Looking at it now I am awake the GJ would have made its 100 pips. U/j signalled 5 minutes later reaching its atr line with +71 and ej signalled at 3.40 chart time and would have also reached it with 76 pips. I only trade jpy and aud currencies in the Asian session. I did not take this trade just marked it with the red vertical line for reference for today.

to be very honest,i m afraid to even take 15 min,i prefer 1 hour for setup and 4 hours for confirmation.on 5 min chart how long does it take to make 10 pips in volatile market i.e London Open and ny open? in 5 min do you not find whipsaws?are you doing live trading ?sorry to ask this.

T4Trade,

Genesis [GMS] is a working strategy. Change of markets for sure you will see more using smaller timeframes. I am using H4 and don't look 99% to D1 for confirmation. But this is a complete other trading than M5 / M15, same setup and tools though. Best you check the original thread. You'll find a PDF about M5/15 trading with some statistics, should be very helpful for a newbie in TMS.

good luck
josch

lisat,

great trades, great explanation of breakthrough and ... great signature

good luck
josch

Hi everyone!ive been looking arround 1minute timeframe ( I really love It) and it seems to work quite well.Someone is using It on this timeframe? Its working well for you?
Im triying to backtest but mtf stock dont work on the tester.
Thanks in advance

Try reading last dozens of postings made by RJ in original Genesis thread.

I want to use it on 1 hour and 4 hour tf.Thanks for suggestion.

Thank you Josch, I will post trades as and when I can.

Current EU short. Today is US and Canada bank holiday.

Exit at 1.17327 because of current TF stoch crossing up from under the MTF stoch for 8 pips. Soon after exit, got a support signal from S&R indicator on chart (lower chart).