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Genesis Matrix Trading

  • #861
  • Jul 24, 2012 2:07am Jul 24, 2012 2:07am
Quoting pete123
Aud/Usd testing Daily Pivot - possible set-up?

Pete
Pete, I've just noticed that your Stox are set to Close/Close: now that Olivia/RJ/Yelena are here & following yesterday's discussion, can any of you 3 confirm/deny that Stox should be set to High/Low as per the template please (and not close/close)?
Tia
Oli
  • #862
  • Jul 24, 2012 2:09am Jul 24, 2012 2:09am
Quoting Mr Pippy
Short on A/U....
yes im short too: EJ CJ EU AU GU

EDIT:
EJ, AU GU, 2 pips stop out, total 6 pips
EJ: 21 pips, TP
CJ: 19 pips, TP

total: 46, trade #1

@oli: see pic below; slight variances wont kill. it can hurt a few pips, and can give the other better few pips.
Attached Image
  • #863
  • Jul 24, 2012 2:12am Jul 24, 2012 2:12am
Long on E/U.....
  • #864
  • Jul 24, 2012 2:20am Jul 24, 2012 2:20am
Quoting yelena
yes im short too: EJ CJ EU AU GU

EDIT:
EJ, AU GU, 2 pips stop out, total 6 pips
EJ: 21 pips, TP
CJ: 19 pips, TP

total: 46, trade #1
Nice one: I can see the Weekly S1 as TP for your 21 EJ pips but nothing for CJ ... was it just a 19 pips TP trade?

Edit: Thanks for the Stox confirmation
  • #865
  • Jul 24, 2012 2:21am Jul 24, 2012 2:21am
Quoting olivierforex
Pete, I've just noticed that your Stox are set to Close/Close: now that Olivia/RJ/Yelena are here & following yesterday's discussion, can any of you 3 confirm/deny that Stox should be set to High/Low as per the template please (and not close/close)?
Tia
Oli
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #866
  • Jul 24, 2012 2:24am Jul 24, 2012 2:24am
Good morning,


carefull with that long on e/u. As long as we didn't break R1, we should prepared to get out quick...


Regards chriss
  • #867
  • Jul 24, 2012 2:26am Jul 24, 2012 2:26am
Quoting chrissfx
Good morning,


carefull with that long on e/u. As long as we didn't break R1, we should prepared to get out quick...


Regards chriss
Yep, with news coming thick and fast I'm out with a quick bit of profit....2 small trades today using the stoch from a few pages back has improved my reading of the stoch.....will continue to use it!
  • #868
  • Jul 24, 2012 2:28am Jul 24, 2012 2:28am
Quoting Mr Pippy
Fair bit of news for the euro coming up so price may be a bit choppy?
Got out just in the nick of time lol
.... laughing all the way to the bank
  • #869
  • Jul 24, 2012 2:31am Jul 24, 2012 2:31am
Quoting itsallover
Got out just in the nick of time lol
I've traded conservatively this morning in terms of profit taking....it will be a slow process but I've put in months of screentime previous to this and coupled with this system and help from the thread...i'm feeling good!

Probably will sit out the next 45 mins and wait for news and the market to shake itself out...good idea?
  • #870
  • Jul 24, 2012 2:41am Jul 24, 2012 2:41am
Quoting olivierforex
Pete, I've just noticed that your Stox are set to Close/Close: now that Olivia/RJ/Yelena are here & following yesterday's discussion, can any of you 3 confirm/deny that Stox should be set to High/Low as per the template please (and not close/close)?
Tia
Oli
Hi Oli, For me the stochastic is merely an aid and not a pinpoint entry/exit indicator.(not that there are any such indis) Thanks for the concern in any case. Keep up the good work here, everybody. I think it is in order to say 'Give yourself a tap on the shoulder' for keeping this thread such a pleasure to come to every day. Thanks to all!!!!!!!

Pete
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  • #871
  • Jul 24, 2012 2:43am Jul 24, 2012 2:43am
Quoting Mr Pippy
I've traded conservatively this morning in terms of profit taking....it will be a slow process but I've put in months of screentime previous to this and coupled with this system and help from the thread...i'm feeling good!

Probably will sit out the next 45 mins and wait for news and the market to shake itself out...good idea?

defo
.... laughing all the way to the bank
  • #872
  • Jul 24, 2012 2:58am Jul 24, 2012 2:58am
If the median line holds...

...i will look for entry :-)

Attached Image (click to enlarge)
Click to Enlarge Name: situation.gif Size: 15 KB



Chriss
  • #873
  • Jul 24, 2012 3:00am Jul 24, 2012 3:00am
Quoting pete123
Hi Oli, For me the stochastic is merely an aid and not a pinpoint entry/exit indicator.(not that there are any such indis) Thanks for the concern in any case. Keep up the good work here, everybody. I think it is in order to say 'Give yourself a tap on the shoulder' for keeping this thread such a pleasure to come to every day. Thanks to all!!!!!!!

Pete
Hey Pete,
Glad to hear the Stox is ok for you either way....my concern was just to make sure that anyone else who is new(ish) to this thread has at least the same settings as RJ/Yelena...it makes discussion/explanation about bad/good entries easier if everybody is singing from the same tune.
  • #874
  • Jul 24, 2012 3:04am Jul 24, 2012 3:04am
Here is a typical illustration of the pivot test (ej m5)....bounce.....re-test and breakthrough that Olivia and others have been speaking of. Yes, there is a little slippage of the PA over the pivot, which is one reason why I'm not worried if pivots don't match perfectly.....a few pips either side is ok, imo.

You'll very often see this not only on pivots, but on most other s/r lines, no matter whether they may be round numbers, fibs, trendlines or whatever.
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #875
  • Jul 24, 2012 3:06am Jul 24, 2012 3:06am
Quoting chrissfx
If the median line holds...

...i will look for entry :-)

Attachment


Chriss
It looks like a modified Schiff fork, looking at your anchor point...?
  • #876
  • Jul 24, 2012 3:07am Jul 24, 2012 3:07am
Oli
  • #877
  • Jul 24, 2012 3:14am Jul 24, 2012 3:14am
Quoting olivierforex
It looks like a modified Schiff fork, looking at your anchor point...?

Yes, it's the Andrew's Pitchfork tool. This is my little homework i have to do for M15 and H4 chart. It's an advise to see the bigger picture for me.

I use it as trendline to build good channels with a median line. For entry's i use the genesis system on M5.

So, i don't want to hijack this thread


Chriss
  • #878
  • Jul 24, 2012 3:23am Jul 24, 2012 3:23am
Long e/u.....
  • #879
  • Jul 24, 2012 3:23am Jul 24, 2012 3:23am
Quoting chrissfx
Yes, it's the Andrew's Pitchfork tool. This is my little homework i have to do for M15 and H4 chart. It's an advise to see the bigger picture for me.

I use it as trendline to build good channels with a median line. For entry's i use the genesis system on M5.

So, i don't want to hijack this thread


Chriss
Indeed Chriss......as it says on the first page, we don't do PA 'predictions' in this thread.....there are many threads here at FF that get right into the various forms of market and PA predictions. This thread, is for trading using the Genesis Matrix with a couple of other filters.

Thanks.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #880
  • Jul 24, 2012 3:33am Jul 24, 2012 3:33am
Quoting Mr Pippy
Long e/u.....
No sign of arrow and cable news may chuck price about so I'm out for a small loss....will wait for a better set up
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