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Genesis Matrix Trading

  • #12,661
  • May 2, 2013 2:50am May 2, 2013 2:50am
French PMI @ 44.4, now lower than both Italy and Spain !!!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,662
  • May 2, 2013 2:51am May 2, 2013 2:51am
Quoting Martyfish
French PMI @ 44.4, now lower than both Italy and Spain !!!!
Uh oh.......the house of cards....*gulp*.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,663
  • Edited 3:07am May 2, 2013 2:53am | Edited 3:07am
Quoting realjumper
{quote} The concept is easy when you think of it like this......the price is bearish in the M15 charts, but on your M5 chart you get a bullish signal to enter. Will you enter? We always pay attention to what's going on in the next timeframe because otherwise we only have 1/2 the picture and we will end up taking trades against the trend of the day. The triple arrows (M15 arrows) are very useful on your M5 charts because if the M5 arrow and the M15 arrows are in agreement, then you have a pretty clear indication of which way the PA is most likely...
Yes, I know
This is because I asked about your video, where you entered against the M15 arrow
  • #12,664
  • May 2, 2013 3:05am May 2, 2013 3:05am
Quoting Cold_W
{quote} Hi, geomink Did not take for basically 3 reasons: - Mid-Frankie - Signal candle is in the middle between DP and S1. - News right after London open. Let's see if more experienced members will comment on that.
Hi Cold,
newbie's question, may i know what "mid-frankie" is ? thanks
  • #12,665
  • May 2, 2013 3:08am May 2, 2013 3:08am
Quoting Loy
{quote} Yes, I know This is why I asked about your video, where you entered against the M15 arrow
LOL.....I just this minute explained that we do not necessarily wait for the arrow, but we become concerned if we don't see it soon after entry. Unless we're going to delete everything else and just trade the arrows, of course we will have to expect the arrow to come shortly after our entry, in which case 'technically' we would have entered counter to the arrow. In that movie, the previous bull run had completed and a bear run had begun, and this was confirmed by the pivot, the session change, the candle colour, the yellow ma, the stoch and the MTF stoch. That is what our entry rules are....as stated in Post #2. We would have been concerned if the arrows did not appear shortly after the entry (which they did), because that *might* be a warning that the bull run is going to resume.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,666
  • May 2, 2013 3:13am May 2, 2013 3:13am
Quoting realjumper
{quote} LOL.....I just this minute explained that we do not necessarily wait for the arrow, but we become concerned if we don't see it soon after entry. Unless we're going to delete everything else and just trade the arrows, of course we will have to expect the arrow to come shortly after our entry, in which case 'technically' we would have entered counter to the arrow. In that movie, the previous bull run had completed and a bear run had begun, and this was confirmed by the pivot, the session change, the candle colour, the yellow ma, the stoch...
yes, it's all clear now RJ
thanks and sorry
  • #12,667
  • May 2, 2013 3:16am May 2, 2013 3:16am
Quoting Loy
{quote} yes, it's all clear now RJ thanks and sorry
That's ok.....the only way we will not technically be trading against the arrows is if we trade arrow to arrow......but then this would be the 'arrow to arrow' system!!! Because the arrows are secondary indicators, they will sometimes be late, especially after a reversal......but they still have their uses
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,668
  • May 2, 2013 3:17am May 2, 2013 3:17am
Quoting realjumper
{quote} That's ok.....the only way we will not technically be trading against the arrows is if we trade arrow to arrow......but then this would be the 'arrow to arrow' system!!! Because the arrows are secondary indicators, they will sometimes be late, especially after a reversal......but they still have their uses
thank you very much
  • #12,669
  • May 2, 2013 3:21am May 2, 2013 3:21am
Quoting realjumper
{quote} Uh oh.......the house of cards....*gulp*.....
Even Greece's PMI was higher than France !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,670
  • May 2, 2013 3:23am May 2, 2013 3:23am
Quoting Martyfish
{quote} Even Greece's PMI was higher than France !!

Greece's all statistics were positive just before their big crisis !!
Imparo ancora
  • #12,671
  • May 2, 2013 3:24am May 2, 2013 3:24am
Quoting Martyfish
{quote} Even Greece's PMI was higher than France !!
Sacrebleu!!
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,672
  • May 2, 2013 3:28am May 2, 2013 3:28am
Quoting erksa
{quote} Greece's all statistics were positive just before their big crisis !!
That's usually what happens during a debt fuelled boom, everything looks rosy until someone asks to be repaid !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,673
  • May 2, 2013 3:34am May 2, 2013 3:34am
missed this one
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  • #12,674
  • May 2, 2013 4:07am May 2, 2013 4:07am
Not a lot going on in the market now....I imagine that everyone is waiting for the ECB Minimum Bid Rate in a little while. A rate drop is widely expected, but whether that happens or not, and if so, by how much, remains to be seen. In the unlikely event that I have any trades open near that time, I'll be sure to close them before the yappin starts....the PA could get ugly!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,675
  • May 2, 2013 4:10am May 2, 2013 4:10am
Quoting realjumper
{quote} I haven't read the links, but as far as I know, these various scripts place the pendings and SL's etc on your local machine, rather than on the brokers machine. If that's correct, be careful because what would happen if your pending got triggered and then you get a power outage, Internet disconnect, or worse, Windoze crashes? Then you will have to get on the phone to the broker and try to close the trade before any damage to your account can happen. Just something to think about.
Thanks, RJ

I know many scripts are just local and I will definitely make sure they're not before I use them for live trading. That's why I like lvoe, it's safe in this respect, but its pending order functions are rather limited.
mind over matter
  • #12,676
  • May 2, 2013 4:14am May 2, 2013 4:14am
Quoting kosmo
{quote} Thanks, RJ I know many scripts are just local and I will definitely make sure they're not before I use them for live trading. That's why I like lvoe, it's safe in this respect, but its pending order functions are rather limited.
The other option is a VPS, but I doubt that there are any free ones out there....or at least *reliable* free ones!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,677
  • May 2, 2013 4:38am May 2, 2013 4:38am
Quoting realjumper
{quote} The other option is a VPS, but I doubt that there are any free ones out there....or at least *reliable* free ones!
That is still a new land for me to explore. Will get there eventually
mind over matter
  • #12,678
  • May 2, 2013 4:40am May 2, 2013 4:40am
Quoting kosmo
{quote} That is still a new land for me to explore. Will get there eventually
I doubt that the learning for each of us will ever stop Jo......this is a never ending journey!.....lucky there are plenty of coffee shops on the road
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,679
  • May 2, 2013 4:43am May 2, 2013 4:43am
Quoting kosmo
{quote} That is still a new land for me to explore. Will get there eventually
Its all gobbledygook to me
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,680
  • May 2, 2013 5:22am May 2, 2013 5:22am
This last 90 mintues to the ECB rate decision is going to drag.......I just finished coffee and it's too early for tequila.....sigh....
Doing what you like is Freedom. Liking what you do is Happiness.
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