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Genesis Matrix Trading

  • #41
  • Jul 16, 2012 4:55am Jul 16, 2012 4:55am
Quoting ohammond
Yes its a team effort, but I'm the one who bagged the pips while you were setting this up, sorry about that
You are so cruel I canīt believe it -

BTW it was a H1 H&S too, letīs see where the baseline is.
  • #42
  • Jul 16, 2012 5:02am Jul 16, 2012 5:02am
Quoting realjumper
One of my pet hates is a messy chart....it's just me....others can happily trade with many indicators on their chart. There is a very important indicator that I use, and it is the ATR indicator. The Average True Range. I have this on an M15 chart because I want to see more of the trend, and I can have the indi here without cluttering up my M5 chart.

ATR indi's purpose it to show us how far the PA has come today, and how much more the PA is likely to move. For instance, if the Average True Range of the UP pair for today is 150 pips, and the movement...
Don't worry, mine are still moving nicely. This is the ATR indie I prefer, you can't change any of the inputs except the colour (which you'll need to do if you have a black chart) If you hover over the lines, you will see when the day starts that above the price is high 2 then above that high1 then below price you have low 2 and low 1 in that order. When price reaches one of the lines for instance, on EJ now, price has reached and gone through Low 2 and Low 1, it then brings the High lines down to show where (if it now turns around) price is likely to reach the other way. I find it very useful, the lines very often act in the same was as S/R do and of course can break through on a good day just as price breaks through s/r.
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File Type: ex4 LFL-ATRprojections.ex4   6 KB | 6,270 downloads
  • #43
  • Jul 16, 2012 5:02am Jul 16, 2012 5:02am
Quoting CandleStar
You are so cruel I canīt believe it -

BTW it was a H1 H&S too, letīs see where the baseline is.
I missed that one, thanks for that.
  • #44
  • Jul 16, 2012 5:06am Jul 16, 2012 5:06am
hi rj,

have fun in your tread, thank you !
  • #45
  • Jul 16, 2012 5:08am Jul 16, 2012 5:08am
Hey guys,

I'm thinking after months of finding my feet, this is what I've been looking for. Having found a great trendline indicator in TrueTL (you have to pay for it but 5 quid a month is peanuts)....I'm feeling good about moving to the next level.

The main issues I have is like now for instance where aud/usd and cable have changed momentum. Would be people trade these? Obviously waiting on the rules on post 1 of course
  • #46
  • Jul 16, 2012 5:12am Jul 16, 2012 5:12am
Quoting ohammond
Don't worry, mine are still moving nicely. This is the ATR indie I prefer, you can't change any of the inputs except the colour (which you'll need to do if you have a black chart) If you hover s/r....
Thx Olivia! Do you use stochs as per RJ's template or is it just the matrix/arrow & PA for you?..
  • #47
  • Jul 16, 2012 5:15am Jul 16, 2012 5:15am
Quoting sidefx
Thx Olivia! Do you use stochs as per RJ's template or is it just the matrix/arrow & PA for you?..
I use stochs now I understand them better, they took a while to get through my thick skull but made it in the end, and now I wouldn't trade without them
  • #48
  • Jul 16, 2012 5:17am Jul 16, 2012 5:17am
Thanks to all who started this thread. This is going to be fun.
  • #49
  • Jul 16, 2012 5:18am Jul 16, 2012 5:18am
Quoting Patti
Thanks to all who started this thread. This is going to be fun.
Welcome Patti glad you could join us Trading is fun if you're making money and not making life too difficult for ourselves
  • #50
  • Jul 16, 2012 5:18am Jul 16, 2012 5:18am
Quoting Mr Pippy
Hey guys,

I'm thinking after months of finding my feet, this is what I've been looking for. Having found a great trendline indicator in TrueTL (you have to pay for it but 5 quid a month is peanuts)....I'm feeling good about moving to the next level.

The main issues I have is like now for instance where aud/usd and cable have changed momentum. Would be people trade these? Obviously waiting on the rules on post 1 of course
Cable (GU) is bouncing off the Daily Pivot at the moment so I wouldn't be keen to enter a trade here at all. I would like to see it break out first.

AU is hovering around Fridays low....that area seems to be giving support at the moment, so we would need a breakout here too, before entering a trade.

It's not 'set in stone' but seeing as there is no news (that I can see) between now and NY open, perhaps the PA will consolidate here until then.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #51
  • Jul 16, 2012 5:21am Jul 16, 2012 5:21am
Long on A/U.....before failing to see your post like a noob....lesson learnt on that one!
  • #52
  • Jul 16, 2012 5:34am Jul 16, 2012 5:34am
Quoting realjumper
Cable (GU) is bouncing off the Daily Pivot at the moment so I wouldn't be keen to enter a trade here at all. I would like to see it break out first.

AU is hovering around Fridays low....that area seems to be giving support at the moment, so we would need a breakout here too, before entering a trade.

It's not 'set in stone' but seeing as there is no news (that I can see) between now and NY open, perhaps the PA will consolidate here until then.
Just following up though.....fridays low? Wasn't that around 1.0123?
  • #53
  • Jul 16, 2012 5:36am Jul 16, 2012 5:36am
Quoting Mr Pippy
Just following up though.....fridays low? Wasn't that around 1.0123?
I was just looking at that myself There is the weekly pivot at 1.0201.
  • #54
  • Jul 16, 2012 5:40am Jul 16, 2012 5:40am
Quoting Mr Pippy
Just following up though.....fridays low? Wasn't that around 1.0123?
Yes you're quite right.....sorry.....with so much stuff going on I was looking at todays low on the M15 instead of Fridays low.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #55
  • Jul 16, 2012 5:41am Jul 16, 2012 5:41am
Quoting realjumper
Yes you're quite right.....sorry.....with so much stuff going on I was looking at todays low on the M15 instead of Fridays low.
You're forgiven
  • #56
  • Jul 16, 2012 5:42am Jul 16, 2012 5:42am
I had entered a buy trade for a/u as mentioned but got out as I thought I'd made an error of judgement....the stoch had started to fall so I thought I'd better get out. Not sure if this was the right move but hey
  • #57
  • Jul 16, 2012 5:43am Jul 16, 2012 5:43am
Quoting Mr Pippy
I had entered a buy trade for a/u as mentioned but got out as I thought I'd made an error of judgement....the stoch had started to fall so I thought I'd better get out. Not sure if this was the right move but hey
We never know for sure, just go by what you feel at the time, thats all we can do. It doesn't look very inviting either way, with the weekly pivot just below and Fridays high just above.
  • #58
  • Jul 16, 2012 5:48am Jul 16, 2012 5:48am
Hello Olivia and RJ,
Thanks for starting this thread, this will be the first time that i can follow a thread from the onset from profitable traders, maybe i will get my wish of going fulltime by December and give up the dreaded day job
I look forward to the journey
  • #59
  • Jul 16, 2012 5:52am Jul 16, 2012 5:52am
Quoting ohammond
We never know for sure, just go by what you feel at the time, thats all we can do. It doesn't look very inviting either way, with the weekly pivot just below and Fridays high just above.
Was misreading my charts....was reading the 15th's high instead of 13th's. My bad.

Guess we wait for the three pairs to sort themselves out now
  • #60
  • Jul 16, 2012 5:57am Jul 16, 2012 5:57am
Olivia / RJ, what's your opinion on pair correlation? I notice you trade a few pairs...i'm weighing up whether to stick just with EU or monitor a small basket.
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