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Genesis Matrix Trading

  • #201
  • Jul 17, 2012 5:01am Jul 17, 2012 5:01am
Quoting ohammond
I took the trade when it bounced off yesterdays high after breaking through it the first time.
Great, thanks for that.
  • #202
  • Jul 17, 2012 5:03am Jul 17, 2012 5:03am
Quoting alesha77
Waiting for something like this..........
I'm in.......
CCI was red....... still changing colors........
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd170712.gif Size: 22 KB
  • #203
  • Jul 17, 2012 5:06am Jul 17, 2012 5:06am
Quoting alesha77
I'm in.......
CCI was red....... still changing colors........
Gonna wait for the arrow on this one and a close below support lines
  • #204
  • Jul 17, 2012 5:06am Jul 17, 2012 5:06am
I am also short eurusd
  • #205
  • Jul 17, 2012 5:07am Jul 17, 2012 5:07am
Quoting realjumper
Here is the EJ M5 chart. The green vertical line is Frankfurt open and there was a long trade opportunity just about straight after.

You could argue that the stoch is very high and you would not take the trade....and that is a fair enough response. Lets come back to the stoch in a minute.

We have a clear signal from Genesis we have a bull candle opening clear of the Yellow 5EMA.....we even have the arrow. All that might be a problem is the stoch.

Now, regarding the stoch.....yes, it is quite high, but, it was way low just a few candles before....
I took that trade because of (as you pointed out) small stop loss, and M15 stoch was very nicely placed.
  • #206
  • Jul 17, 2012 5:10am Jul 17, 2012 5:10am
Quoting ohammond
I took that trade because of (as you pointed out) small stop loss, and M15 stoch was very nicely placed.
Good for you!

With PA such as we have today, there is no need to enter a trade unless you are comfortable to do so. It's better to be 'out wising in', than it is to be 'in, wishing out!'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #207
  • Jul 17, 2012 5:11am Jul 17, 2012 5:11am
Quoting Mr Pippy
Gonna wait for the arrow on this one and a close below support lines
What support do you mean?
  • #208
  • Jul 17, 2012 5:13am Jul 17, 2012 5:13am
Can I ask RJ...what's your opinion on the E/U 15mins? Personally I'm waiting for a break of the prev daily high and prev monthly low. For me this setup is more 50/50 because PA has to break through 2 support lines in close proximity....by the time it does that the stoch will be in the lower end so maybe wait a while?

I don't know if this is correct, just want an opinion...from anyone btw..not just RJ of course
  • #209
  • Edited 5:33am Jul 17, 2012 5:15am | Edited 5:33am
Quoting alesha77
I'm in.......
CCI was red....... still changing colors........
I'm in short EU off the 5min. Good luck! I think we might need it The better option is to wait and see where price moves from yesterday's high (as per Olivia) and take a signal in that direction.

Edit: another reason for me taking the Genesis short signal (5min) was that it printed below the round number 1.2300. Often find trading blocks of 50 pips useful from RNs, so targeting the DP & WP c1.2250.
  • #210
  • Jul 17, 2012 5:16am Jul 17, 2012 5:16am
Olivia
I see useful ATR info at the head of your charts. I have searched widely for this indicator but without success. Would you provide it for me please?
  • #211
  • Jul 17, 2012 5:17am Jul 17, 2012 5:17am
Click on the paper clip top right...hide images.....lfl-atrprojections is what you want
  • #212
  • Jul 17, 2012 5:22am Jul 17, 2012 5:22am
Quoting burlhouse
Olivia
I see useful ATR info at the head of your charts. I have searched widely for this indicator but without success. Would you provide it for me please?
Post 43
  • #213
  • Jul 17, 2012 5:22am Jul 17, 2012 5:22am
Quoting alesha77
What support do you mean?
The high from yesterday, 1.2289, looks like its giving the EU a bit of support at the moment. PA has bounced off it a couple of times so far this morning. A solid break of this level with a possible retest to show resistance would be the ideal scenario to short imo. PA does appear to be compressing at the moment so it could well be looking to break through. I'm on the sidelines with Mr Pippy on this one.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #214
  • Jul 17, 2012 5:22am Jul 17, 2012 5:22am
Quoting Mr Pippy
Can I ask RJ...what's your opinion on the E/U 15mins? Personally I'm waiting for a break of the prev daily high and prev monthly low. For me this setup is more 50/50 because PA has to break through 2 support lines in close proximity....by the time it does that the stoch will be in the lower end so maybe wait a while?

I don't know if this is correct, just want an opinion...from anyone btw..not just RJ of course
Well....the way I see is is like this:

1. PA has bounced off R1
2. Bear candle under the Yellow 5EMA
3. Genesis Matrix looking almost ready
4. Stoch looking reasonable.

It might be worth a short entry, with a target of the Daily Pivot.

To keep in the back of your mind though, is that there is some USA news coming later and then there is Ben Bernanke going to be yappin later on, so perhaps the market is going to be a bit skittish until then.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 201 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215
  • Jul 17, 2012 5:23am Jul 17, 2012 5:23am
Quoting burlhouse
Olivia
I see useful ATR info at the head of your charts. I have searched widely for this indicator but without success. Would you provide it for me please?

Have a look at Post #1 on Page #1. You'll find a link to ATR indi there
Doing what you like is Freedom. Liking what you do is Happiness.
  • #216
  • Jul 17, 2012 5:28am Jul 17, 2012 5:28am
First, thanks to all, Olivia, RJ, and the rest of the team. This looks like a promising system.

I was wondering though if the Arrow indicator repaints?

It seems it does. I just saw a down arrown on the 15m EURUSD chart on previous 15m candle. I then changed the timeframe and went back to the 15m and it is no longer there.

Thanks...
  • #217
  • Jul 17, 2012 5:30am Jul 17, 2012 5:30am
Quoting scarlet pipe
The high from yesterday, 1.2289, looks like its giving the EU a bit of support at the moment. PA has bounced off it a couple of times so far this morning. A solid break of this level with a possible retest to show resistance would be the ideal scenario to short imo. PA does appear to be compressing at the moment so it could well be looking to break through. I'm on the sidelines with Mr Pippy on this one.
I see it now. Thanks
  • #218
  • Jul 17, 2012 5:30am Jul 17, 2012 5:30am
Quoting scarlet pipe
The high from yesterday, 1.2289, looks like its giving the EU a bit of support at the moment. PA has bounced off it a couple of times so far this morning. A solid break of this level with a possible retest to show resistance would be the ideal scenario to short imo. PA does appear to be compressing at the moment so it could well be looking to break through. I'm on the sidelines with Mr Pippy on this one.

1.2290 is a mid pivot level on my broker so agreed, best wait.

Auto pivot indi version 5 worth putting on, shows the mids etc.

M.
  • #219
  • Jul 17, 2012 5:33am Jul 17, 2012 5:33am
Probably going to eat my words now but two firm bounces off support, oversold stoch....I'm looking at a sneeky long...maybe...

Will most likely take it on the 5 mins...
  • #220
  • Jul 17, 2012 5:35am Jul 17, 2012 5:35am
Quoting Ghadeer
First, thanks to all, Olivia, RJ, and the rest of the team. This looks like a promising system.

I was wondering though if the Arrow indicator repaints?

It seems it does. I just saw a down arrown on the 15m EURUSD chart on previous 15m candle. I then changed the timeframe and went back to the 15m and it is no longer there.

Thanks...
No...the arrow does not repaint. Once the candle that spawned the arrow is closed, the arrow is there forever.
Doing what you like is Freedom. Liking what you do is Happiness.
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