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Genesis Matrix Trading

Quoting civilpes2001
{quote} It is very risky position to take when there is a news & it is always better to close the trade before the news hits. I assume it would be called gambling rather trading trading, irrespective of the trend, trade can go on other side. if it wasn't the news spike then it is a good position to take indeed. can you please tell me which MA are you using? CP
Hi

You will find 2 schools of thought concerning these trades on the thread.

Some believe that some market movers know the news well before it is released, and large positions are being built up to an hour out from news release.

I have taken some news trades where Genesis has provided good entry signals, and where I thought there was enough room to build a 20 ish pip profit before the news break. You can now set your SL say 15pips in profit 5mins out from the release, which on my broker will usually absorb slippage if the news goes against the trade.

You will be surprised how many signals Genesis generates that conform w news releases.
However, I agree w you to a certain extent, the news is unknown to us, and it has a 50% chance of going against you, the same as any other trade, but far more viscious.

So, I would still take a news trade if the conditions were right, for me, but I dont make it a priority. Its a personal thing.
One piece of advice I would give........be extra careful when High Impact News is in multiple lots, eg there are 2 or 3 red flag releases all at 1 time for 1 currency. Here there is a big risk that price will whipsaw wildly and you will get knocked out, even if you have traded in the right direction.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
Quoting jjre65
{quote} Hi You will find 2 schools of thought concerning these trades on the thread. Some believe that some market movers know the news well before it is released, and large positions are being built up to an hour out from news release. I have taken some news trades where Genesis has provided good entry signals, and where I thought there was enough room to build a 20 ish pip profit before the news break. You can now set your SL say 15pips in profit 5mins out from the release, which on my broker will usually absorb slippage if the news goes against...

Yes you are right about the genesis signals favouring the right entry signals during news. I have been witnessing that from time to time.

It may be true that market makers know few news well before news hits the stand, so that they can take advantage of it. But, I do take caution while trading during major news releases. unless if I am trading HTF (above 30m).
Quoting civilpes2001
{quote} It is very risky position to take when there is a news & it is always better to close the trade before the news hits. I assume it would be called gambling rather trading trading, irrespective of the trend, trade can go on other side. if it wasn't the news spike then it is a good position to take indeed. can you please tell me which MA are you using? CP
Hi civilpes2001

The MAs are 30EMA and 60SMA.

Correct, that trade (like any other) could have gone either way.
My entry was sound enough for me, trade was in profit so i adjusted the SL.
I wasn't too concerned if i got stopped out around BE.
It was worth holding the trade for the news.

XS
Learn from your mistakes until you succeed. It's that simple.
GJ Long - 31 Pips

- M5, 15 & 30 Arrows were present
- M5 Matrix
- M15 & 30 Stochs were high, M5 had crossed heading upwards.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
Quoting ExcessFX
Hi All, I've been keeping an eye on the thread but have been unable to trade (decent hours) for the last 2 or 3 weeks. PA looks like it has been tricky as of late. Anyway, i caught the drop on EA just now. 108 pips after news spike. Entered the trade because: - M5,15&30 Arrows were present for a short trade. - M5 Matrix - Tokyo had just opened - M15 & 30 Stochs were low, M5 had just crossed and was heading down. The news spike sent it down in a great hurry. ExcessFX {image}
Nice and trade I took a Buy EA after finishing the news rush. within a minute tp was hit. +22. I didn't expect that kind of strong buy move to S2, i should have waited for S1

When I entered the m5 stochs were flat and were near over bought zone. Do you senior members take that kind of setups ? SL was around 10pips + spread.
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gEt BusY LiVinG oR Get bUsy dyIng
Quoting asithaya
{quote} Nice and trade I took a Buy EA after finishing the news rush. within a minute tp was hit. +22. I didn't expect that kind of strong buy move to S2, i should have waited for S1 When I entered the m5 stochs were flat and were near over bought zone. Do you senior members take that kind of setups ? SL was around 10pips + spread. {image}
Normally i would enter the trade when the M5 stoch is moving from OS to OB (or other way around), not when is reaches OS/OB.

I probably wouldn't have entered that trade on EA, it was against the general trend for today and also against the M15 & M30 arrow.
The entry did have, M5 & 15 stochs both rising, which is always good to see.

XS
Learn from your mistakes until you succeed. It's that simple.
Quoting ExcessFX
{quote} Normally i would enter the trade when the M5 stoch is moving from OS to OB (or other way around), not when is reaches OS/OB. I probably wouldn't have entered that trade on EA, it was against the general trend for today and also against the M15 & M30 arrow. The entry did have, M5 & 15 stochs both rising, which is always good to see. XS
hmm , The trade was against the HTF trend , I was expecting the price is to retrace back. Don't you trade against the HTF trend near strong s/r levels ? only with the trend? thank you , i ll keep those in mind
gEt BusY LiVinG oR Get bUsy dyIng
hi G family,

GJ trade at LO
+25

Perhaps my entry was too late ? I'm still learning...

thanks Genesis
dom
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I haven't had the chance to trade much lately but I did just take this EJ trade short.

Exited at DP for +46.
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Quoting Dobbsie
I haven't had the chance to trade much lately but I did just take this EJ trade short. Exited at DP for +46. {image}
Nice trades
gEt BusY LiVinG oR Get bUsy dyIng
Closed EJ for 51 Pips. Target was BRN at 140.500, all three Stochs coming from OB, M1 and M5 Matrix all red. BRN at 141.000 was broken easily before, so I wasn't afraid to take the trade.
Moved SL to BE+2 after 15 Pips and waited till TP or SL.
Done for this week with this trade.
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No trading yesterday but I hope you guys n gals enjoyed taking the banks money.

My trades today.......
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A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
G'day all

Took this long on EJ; liked the stochs but it's CT?

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EDIT: took like forever to upload image; took +16
Good trades everybody
Learn from your mistakes until you succeed. It's that simple.
Quoting scarlet pipe
No trading yesterday but I hope you guys n gals enjoyed taking the banks money. My trades today....... {image} {image}
Nice trades!

Quick question - I notice you've got two m15 stochs showing? I'm guessing this is just your posting template?
1 pip at a time ... if the entries are strong, the rest will follow ...
Quoting antantnz
{quote} Nice trades! Quick question - I notice you've got two m15 stochs showing? I'm guessing this is just your posting template?
Thanks Ant.

Yes, its just my posting temp. I didn't realise until I posted that it was showing two 15m stochs...
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
Hi Everyone, a new trading week has started.
Two trades on EA today for me, there was a strong bearish trend.
All the arrows were present on both trades (M5, 15 & 30). And M5 Stoch + Matrix.

I had a loosing trade in between these two trades, but not to worry.

I hope London & NY goes well for you all.
I'm done for today.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
Quoting ExcessFX
Hi Everyone, a new trading week has started. Two trades on EA today for me, there was a strong bearish trend. All the arrows were present on both trades (M5, 15 & 30). And M5 Stoch + Matrix. I had a loosing trade in between these two trades, but not to worry. I hope London & NY goes well for you all. I'm done for today. ExcessFX {image}
Nice trades Excess FX..............

I like your analysis.

PM1
Quoting ExcessFX
Hi Everyone, a new trading week has started. Two trades on EA today for me, there was a strong bearish trend. All the arrows were present on both trades (M5, 15 & 30). And M5 Stoch + Matrix. I had a loosing trade in between these two trades, but not to worry. I hope London & NY goes well for you all. I'm done for today. ExcessFX {image}
nice and clean trades do you use scalper exit always?
gEt BusY LiVinG oR Get bUsy dyIng
Quoting asithaya
{quote} nice and clean trades do you use scalper exit always?
Thanks, And yes i always close when M5 matrix discolours. Especially with these current market conditions.
I figure its better to take the profit while its there. I can alway re-enter if PA carries on.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
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