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Genesis Revealed: The First Trading System Ever Designed

Join Jerry Lipscomb, CTO of dbwest, inc. as he presents Genesis, the groundbreaking trading system that revolutionized the market. Learn the secrets of successful trading and discover proven strategies to consistently beat the markets.

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Genesis Revealed: The First Trading System Ever Designed

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Presentation Transcript

  1. Welcome to Genesis Revealed April 22, 2004 Presented by Jerry Lipscomb, CTO dbwest, inc.

  2. Why Futures • Futures are real, equities are emotion • First Horizon and why I don’t trade equities anymore.

  3. Why Genesis Mkt Profit #Trds $/Trd Days S&P$ 44,837 700$ 60.74160 Dow$ 55,415 961$ 58.06221 • Because it was the first trading system I ever designed • Genesis equity curve • June 2002-Oct 2003

  4. Books • Mark Douglas’s • “Trading in the Zone” • Linda Rasche’s • Street Smarts • Tom Bierovic • Playing for Keeps in Stocks and Futures: Three Top Trading Strategies that Consistently Beat the Markets • Tobin Smith & Bryan Perry • Changewave.com • TradersPress.com or Amazon.com

  5. Issue vs. Opportunity • Trading is an “Issue Amplifier” • It has nothing to do with the system you use • It is about “YOU” and how you deal with your issues • “THERE WILL ALWAYS BE ANOTHER TRADE”

  6. Other Stuff • Base Hits • Live to play another day • Quit or better yet don’t start if your head is not in it. • Distraction and Anger are the trading account “Killer”

  7. Trading Plan • Write it down • Not just the trading rules • Goal, objectives, expenses • Track it

  8. Indicators 5 3 1 4 2 • KISCIS (Keep it Simple Cause I’m Stupid) • No “Delayed indicators” • Elliott 101

  9. Significant Candle Stick Patterns • Doji, Stars (morning and evening)

  10. More Patterns • Hammers and Engulfing

  11. Other major Patterns • Pennant, Ascending / Descending Triangle • Double & Triple Bottom • Head and Shoulders • Rising Falling Wedge

  12. More • Flag Pole • Calculating the MPO • Minimum Price Objective or Target

  13. My Intraday Trading Rules • Intraday vs. Swing • ES, NQ, YM • Time Frames • How much will you risk?

  14. The Rules • Establish lines for the overnight high and low • Decide which direction is the trend • Channel tool across previous day or until a trend for the day is established • Use of 100 MA on a larger time frame • No new trades during Lunch Hour 12:00 to 1:30 EST

  15. More General Rules • Always use a Trailing Stop • Stop is 1-2 ticks above breakout, HH/LL or previous bar • Can be reversal depending on situation and aggressiveness • Know where your stop is BEFORE you place the trade • Do you know your Risk Before you place a trade? • Establish a target or MPO (minimum price objective) • Use a small time frame to help determine direction • Don’t get sucked into moving to the shorter time frame

  16. Trend Rules vs. Counter Trend Rules • Trends are subjective like Elliott Waves • Trailing stop is not as tight in a trend trade • Move as the Lower High/ Higher low progress • Very tight in a counter trend trade • Move bar by bar, often with a reverse as part of the exit

  17. Gap Rules • Gap trading 80% of the time gaps are covered the same day • 90% of gaps that fail to cover will cover within 3 days • 100% gaps will cover

  18. Gap Rules (continued) • All Gap trades are treated as counter trend trades • If the market moves toward the gap on the first bar trade the gap as a counter trend trade • If gap to new high, trade the gap • 4/13 ES M4 • If the gap is against the previous day’s ending trend • 4/21 ES M4

  19. Gap Rules (continued) • If the gap is in the direction of the trend • Tread carefully until a reversal is signaled • 3 push through the 20HH/LL is warranted • 4/12 ES M4

  20. The secret of the 20 Bar HH/LL • A 20 Bar HH/LL is the base indicator • Enter on Breakouts and reversals • The market will usually give you a second chance • Three hits with and ready the reversal or exit • Look at the wave you are in to decide

  21. 20 Bar HH/LL Rules • Prepare for reversal on wave 2, 3, 4, 5 • On 3-5 min and Daily Charts 3 pushes with a small retrace • 10-30 min 3 pushes of the HH/LL • Wave 2 and 4 are counter trend trades • Often will only push HH/LL once • Watch for significant patterns between the HH/LL Bars • Use 20 HH/LL Breakout as an entry (Primary or 2nd)

  22. Other Tricks • Andrews Pitch Forks • 4/21 from open w/ first HH then LL • Erogotic TSI • MA- simple 4/21/2004 YM M4 • 20 and 50 are Primary • 200 and 500 next most important • 100 and 1000 are next

  23. Other Markets • Other Futures on a Swing trade Basis • Equities

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