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Genesis Matrix Trading

  • #1,561
  • Aug 2, 2012 5:08am Aug 2, 2012 5:08am
Quoting olivierforex
Yes there's a high possibility of that re. NFP.
Regarding the other 'less impact' data/news I think that it's likely that Genesis will fare quite well there: not so much because of the 'leaked data' theory favoured by conspiracists but because the people at the top of the trading chain will more than likely not only be already positioned the right way but also it will not instantly be obvious in a M5 chart.
I think that is one of Genesis strength: being able to call turns in the market(s) early enough when the TA might still be somehow mixed...
You may be right Oli. I'm not a "conspiracists" per se, but I also don't believe the data can possibly held in such a water tight secure environment with so many people being involved in the collection of the data. As I said, we will never know, we are the bottom feeders of the FX market!!

It's an interesting subject though, but for sure, I never enter NFP until the dust settles.......I did it once......only once too!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,562
  • Aug 2, 2012 5:24am Aug 2, 2012 5:24am
Quoting iwan73
EU short closed at BE.
I would like to ask you for an opinion about my S entry.
I can see stoch divergence on M15 what maked me braver to enter this short.
Hi Iwan,
I didn't take that trade because both the M5 & M15 were quite low already (that in itself is not a reason to discard all the setups like that) but I had 2 other reasons:
1) i also use a H1 Stox to have a good overall picture (M15 is 3 times M5 and H1 is 4 times M15 so all 3 together cover well up to 60 minutes) and that had already been rising since before the yellow vertical line that i've added to your chart.
2) look at the yellow curved line that i've added to your chart that kinda follows the M15 Stox: during that time, the M15 Stox has almost gone full circle and is back near the bottom of the range but now look at the price ... it is nowhere near the low and this is telling you that there is strength in the price action rather than weakness (I think that RJ call these hidden divergences?).
Overall you did well to put SL at BE quite soon
Attached Image (click to enlarge)
Click to Enlarge Name: gen.gif Size: 33 KB
  • #1,563
  • Aug 2, 2012 5:37am Aug 2, 2012 5:37am
Quoting olivierforex
2) look at the yellow curved line that i've added to your chart that kinda follows the M15 Stox: during that time, the M15 Stox has almost gone full circle and is back near the bottom of the range but now look at the price ... it is nowhere near the low and this is telling you that there is strength in the price action rather than weakness
Hi Oliverforex,

do you like share your template incl. all indis?

many thanks
  • #1,564
  • Aug 2, 2012 5:43am Aug 2, 2012 5:43am
Quoting realjumper
but I also don't believe the data can possibly held in such a water tight secure environment with so many people being involved in the collection of the data. As I said, we will never know, we are the bottom feeders of the FX market!!

It's an interesting subject though, but for sure, I never enter NFP until the dust settles.......I did it once......only once too!!
Data can't be (held watertight) but at least they're trying to maintain the illusion that it is.
Yes, we just want enough volatility so that we can catch a ride on the main moves.
If there is anyone out there that has never taken a kicking at NFP, then you're doing well and don't change a thing lol
  • #1,565
  • Aug 2, 2012 5:46am Aug 2, 2012 5:46am
Quoting genaja
Hi Oliverforex,

do you like share your template incl. all indis?

many thanks
Genaja, that wasn't my template: I just copied and updated a picture/chart posted by Iwan on the previous page
  • #1,566
  • Aug 2, 2012 5:50am Aug 2, 2012 5:50am
Quoting iwan73
Finally i didnt take this short because price made HH.
Now i am waiting for long signal near DP

@olivierforex sorry for mistake!

Hi iwan73,

do you like share your template with indis with us?

Thanks a lot!
  • #1,567
  • Aug 2, 2012 5:59am Aug 2, 2012 5:59am
Genaja, template and all indis are from first page of thread. I add only: MTF stochastic and ZZ semaphor.
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 564 downloads
File Type: mq4 3 Level ZZ Semafor.mq4   8 KB | 539 downloads
  • #1,568
  • Aug 2, 2012 6:03am Aug 2, 2012 6:03am
Speaking of SL hunting, there was a good 35 pips sweep on GU a minute ago, based on high impact news data that didn't actually change....lol.....NFP is going to be fun!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,569
  • Aug 2, 2012 6:30am Aug 2, 2012 6:30am
Quoting iwan73
Do you mean M5 stoch should be higher? Right?
No I meant when it crossed over it was pretty low.
  • #1,570
  • Aug 2, 2012 6:37am Aug 2, 2012 6:37am
Quoting iwan73
Genaja, template and all indis are from first page of thread. I add only: MTF stochastic and ZZ semaphor.
gracie mile!

What Indi do you use for candletime, price ect. on left top of your charts?
  • #1,571
  • Aug 2, 2012 7:04am Aug 2, 2012 7:04am
So who else took the EU buy?
  • #1,572
  • Aug 2, 2012 7:05am Aug 2, 2012 7:05am
It is market panel display controler.
Attached File(s)
File Type: mq4 Market Panel Display Controller.mq4   26 KB | 743 downloads
  • #1,573
  • Aug 2, 2012 7:09am Aug 2, 2012 7:09am
Quoting ohammond
So who else took the EU buy?
Yep....and EJ as well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,574
  • Aug 2, 2012 7:10am Aug 2, 2012 7:10am
ECB Press Conference link if anyone want's to listen to Draghi yappin..... http://www.ecb.int/press/tvservices/...120802.en.html
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,575
  • Aug 2, 2012 7:12am Aug 2, 2012 7:12am
Quoting iwan73
It is market panel display controler.

mile gracie!
  • #1,576
  • Aug 2, 2012 7:16am Aug 2, 2012 7:16am
Quoting realjumper
Yep....and EJ as well
I took EJ as well but placed the stop loss below the large candle and pivots so it wasn't too big. The main reason I took that one was it hit my lower H1 trendline to the pip and turned
  • #1,577
  • Aug 2, 2012 7:18am Aug 2, 2012 7:18am
Quoting ohammond
So who else took the EU buy?
yeah, well over 100 pips already, EU EJ and CJ. closed all positions. here comes USD jobless data + ECB
  • #1,578
  • Aug 2, 2012 7:29am Aug 2, 2012 7:29am
Quoting realjumper
You may be right Oli. I'm not a "conspiracists" per se, but I also don't believe the data can possibly held in such a water tight secure environment with so many people being involved in the collection of the data. As I said, we will never know, we are the bottom feeders of the FX market!!

It's an interesting subject though, but for sure, I never enter NFP until the dust settles.......I did it once......only once too!!
From my humble point of view I can confirm that NFP is a really a beast. The average pips moved after NFP is about 140, volatility (up and down)can touch 60 pips without any difficulty and the spread can go to 30-40 pips.

I think that, particularly for NFP, but also for all other news the main issue is when the released data is close to the forecast. In this situation buyers and sellers are confused and we can observe hugh whipsaws. I don't know if we will be able to collect reliable statistics.


ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #1,579
  • Aug 2, 2012 7:30am Aug 2, 2012 7:30am
Quoting ohammond
So who else took the EU buy?
First time, long time...............In n out for 30pips! Tks Genesis. Probably could have held for more but pips is pips.
  • #1,580
  • Aug 2, 2012 7:44am Aug 2, 2012 7:44am
Quoting yelena
yeah, well over 100 pips already, EU EJ and CJ. closed all positions. here comes USD jobless data + ECB
115 drop in 10 mins??????????????? wtf???????????? but got out at 160+ pips
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