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Genesis Matrix Trading

  • #2,901
  • Aug 23, 2012 2:43am Aug 23, 2012 2:43am
Quoting Matrix8756
2566 for me
Yours matches actionforex chart exactly.....and they are correct. I'm not going to split hairs over 3 or 4 pips though.
Attached Image (click to enlarge)
Click to Enlarge Name: pivots.jpg Size: 34 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,902
  • Aug 23, 2012 2:44am Aug 23, 2012 2:44am
Quoting realjumper
No kidding!
yea, this is right, because of that I see a pivot as a zone not a line, and i found by myself an equations for that and search for someone to make it as an indicator but i faild, so I draw them manualy
  • #2,903
  • Aug 23, 2012 2:45am Aug 23, 2012 2:45am
Quoting realjumper
Yours matches actionforex chart exactly.....and they are correct. I'm not going to split hairs over 3 or 4 pips though.
They are certainly not the 3 or 4 pips that make the difference.
  • #2,904
  • Aug 23, 2012 2:46am Aug 23, 2012 2:46am
Just keep in mind that pivots are just about psycology.
And we have to keep in mind +/- 5 pips about indicated level.
In general, there is 4 the most important times for forex.
They are:

  1. GMT+0 because London works with this onen time.
  2. GMT+1 (CET) because Europe works by this time.
  3. GMT-4 (EST because NewYork working time
  4. GMT+3 because only one possible way to get 5 daily candles per week instead of 6 candles (Sunday candle as plus)

Everything is possible!!! Step by Step...
  • #2,905
  • Aug 23, 2012 2:47am Aug 23, 2012 2:47am
Quoting Matrix8756
They are certainly not the 3 or 4 pips that make the difference.
agree, specially for scalping methods
  • #2,906
  • Aug 23, 2012 2:50am Aug 23, 2012 2:50am
Quoting DmitryFX
Just keep in mind that pivots are just about psycology.
And we have to keep in mind +/- 5 pips about indicated level.
In general, there is 4 the most important times for forex.
They are:

  1. GMT+0 because London works with this onen time.
  2. GMT+1 (CET) because Europe works by this time.
  3. GMT-4 (EST because NewYork working time
  4. GMT+3 because only one possible way to get 5 daily candles per week instead of 6 candles (Sunday candle as plus)

Action forex pivots are worked out at 5pm EST close, which is midnight GMT +3. I've found them to be the most reliable pivots seeing as they are based on the close of day being NY close of business, which means it takes in a whole day of each main markets session. But we are talking about an area not a set in the sand line.
  • #2,907
  • Aug 23, 2012 2:53am Aug 23, 2012 2:53am
Quoting ohammond
Action forex pivots are worked out at 5pm EST close, which is midnight GMT +3. I've found them to be the most reliable pivots seeing as they are based on the close of day being NY close of business. But we are talking about an area not a set in the sand line.
Precisely
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,908
  • Edited 3:04am Aug 23, 2012 2:54am | Edited 3:04am
Quoting ohammond
Action forex pivots are worked out at 5pm EST close, which is midnight GMT +3. I've found them to be the most reliable pivots seeing as they are based on the close of day being NY close of business. But we are talking about an area not a set in the sand line.
Yes we are. I am agree about area. As i said need keep in mind +/-5 pips area about levels.
Just as example check pivots of Dukascopy:
http://www.dukascopy.com/swiss/engli...etwatch/pivot/
Everything is possible!!! Step by Step...
  • #2,909
  • Aug 23, 2012 2:54am Aug 23, 2012 2:54am
Quoting DmitryFX
It depends on your brokers server time...
Mine is at 1.2566
  • #2,910
  • Aug 23, 2012 2:55am Aug 23, 2012 2:55am
Quoting realjumper
I took EJ as well....I was aware of the pivot, but news events tend to have a lot of power and s/r levels that are close are often not respected. It was a risk, but one I was comfortable with.
such a wizard, I had the choice and only took EU, but EJ seems to be much stronger
Pursuit of happiness
  • #2,911
  • Aug 23, 2012 2:55am Aug 23, 2012 2:55am
Quoting Matrix8756
This means that someone knows things a little earlier than the others.
This is the way I see it: it would be foolish to think that data will always be kept secret until its release time and sometimes it's bound to ... ahem ... leak in advance.
But also think about all the trading/investment companies that spend huge amount of money on research: they will have their own data and I'm sure that more often than not their estimate will be similar to the data being released.
So what do they do: they can't telegraph their knowledge and move the market too much in advance so they will slowly accumulate a position over time (overnight) but very often the basic PA leading to the data release will be misleading (last night was a good example: since 3am UK time we have been making lower highs and lower lows giving a 'start of a downtrend?' look to the casual/untrained eye).
A decent set of short-time indicators might reveal the 'true' picture and be placed the 'right' way come data release time; of course it doesn't always work like that but a nice and fruitfull exercise is to keep track of how your own indicators were placed before major data release and look back on it week after week, month after month and see if you get a pattern. If you do, that's an extra valuable edge in your trading arsenal.
  • #2,912
  • Aug 23, 2012 3:02am Aug 23, 2012 3:02am
Quoting DmitryFX
Yes we are. I am agree about area. As i said need keep in nind +/-5 pips area about levels.
Just as example check pivots of Dukascopy:
http://www.dukascopy.com/swiss/engli...etwatch/pivot/
Thats right, if you rely on your brokers open and close they will vary, thats why I don't rely on those, I only have pivots on my chart I can alter the start time because most professional traders won't rely on their brokers pivots they will have their own, and a few extremely good traders (professionals) that I know check theirs with actionforex so I do the same.
  • #2,913
  • Aug 23, 2012 3:05am Aug 23, 2012 3:05am
Quoting DmitryFX
Just keep in mind that pivots are just about psycology.
And we have to keep in mind +/- 5 pips about indicated level.
In general, there is 4 the most important times for forex.

They are:

  1. GMT+0 because London works with this onen time.
  2. GMT+1 (CET) because Europe works by this time.
  3. GMT-4 (EST because NewYork working time
  4. GMT+3 because only one possible way to get 5 daily candles per week instead of 6 candles (Sunday candle as plus)

That's not quite correct:
London is GMT+1 until the end of British Summer Time in October
Most of Central Europe (CET) is GMT+2 (apart from Portugal GMT+1)
NY is GMT-4
The best brokers for accurate pivot are indeed at GMT+3 because then you have exactly 5 equal 24 hours days during the week and you have no Sunday data to mess things up
  • #2,914
  • Aug 23, 2012 3:13am Aug 23, 2012 3:13am
Quoting x58
That was GAMBLING , not a Trading. What is difference between Gambling and Trading?
Why do you think this system is gambling? How long have you been using this system? thanks
  • #2,915
  • Aug 23, 2012 3:13am Aug 23, 2012 3:13am
Quoting olivierforex
That's not quite correct:
London is GMT+1 until the end of British Summer Time in October
Most of Central Europe (CET) is GMT+2 (apart from Portugal GMT+1)
NY is GMT-4
The best brokers for accurate pivot are indeed at GMT+3 because then you have exactly 5 equal 24 hours days during the week and you have no Sunday data to mess things up
Sorry, I forget about summer time. Any way, the main reason is working time of Europe, London and NY.
By the way, I know only FxPro and Pepperstone as good brokers with GMT+3. Do you know some one else?
Everything is possible!!! Step by Step...
  • #2,916
  • Aug 23, 2012 3:17am Aug 23, 2012 3:17am
Quoting DmitryFX
Sorry, I forget about summer time. Any way, the main reason is working time of Europe, London and NY.
By the way, I know only FxPro and Pepperstone as good brokers with GMT+3. Do you know some one else?
Alpari UK: although UK based, they set their servers at GMT+3 from March and at GMT+2 when the clock goes back in October.
  • #2,917
  • Aug 23, 2012 3:19am Aug 23, 2012 3:19am
Quoting ronald_fsm
Why do you think this system is gambling? How long have you been using this system? thanks
I don't know, and I don't care what that guys problem is. His intention is obviously to show what a complete jerk he is......which is plain to see.

He will not be posting to our thread again.....that's a promise!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,918
  • Aug 23, 2012 3:23am Aug 23, 2012 3:23am
Quoting realjumper
I don't know, and I don't care what that guys problem is. His intention is obviously to show what a complete jerk he is......which is plain to see.

He will not be posting to our thread again.....that's a promise!
Thanks RJ for motivated us learning your system.
  • #2,919
  • Aug 23, 2012 3:27am Aug 23, 2012 3:27am
Quoting ronald_fsm
Thanks RJ for motivated us learning your system.
You're welcome....but remember, the system is very much a team effort
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,920
  • Aug 23, 2012 3:29am Aug 23, 2012 3:29am
Quoting bugsbunny110
I took this trade
Hi Bugs,
If it's possible, can you post what looks like a currency strength meter that is on the right of your chart please?
Tia
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