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Genesis Matrix Trading

  • #3,561
  • Sep 3, 2012 6:34am Sep 3, 2012 6:34am
Quoting mannai70
Notice the GU pa 5 mins before the news was released today lol, same thing last month. Looks like someone is leaking the news early.
I am sure they are!
  • #3,562
  • Sep 3, 2012 6:38am Sep 3, 2012 6:38am
Quoting mannai70
yeah, it helps me quite a bit. I try to review it over the weekend or at the end of the day.

This is some tight PA today.

Your EA long seems to have turned out decently, coming up on the R2 now.
I have my SL at +15 now.......it's a bit of a risk, but the trend is up on that pair so I'll take the chance that it will go higher. If not, well, +15 will do
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,563
  • Sep 3, 2012 6:43am Sep 3, 2012 6:43am
Quoting realjumper
I have my SL at +15 now.......it's a bit of a risk, but the trend is up on that pair so I'll take the chance that it will go higher. If not, well, +15 will do
where was your initial SL?
  • #3,564
  • Sep 3, 2012 6:44am Sep 3, 2012 6:44am
Quoting mannai70
where was your initial SL?
Under the swing low....2237
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,565
  • Sep 3, 2012 6:47am Sep 3, 2012 6:47am
Quoting realjumper
Under the swing low....2237
nice, pretty decent return for your risk.
  • #3,566
  • Sep 3, 2012 7:00am Sep 3, 2012 7:00am
...i hope genesis will be better perfected than this at 1 M
other timeframes its really a spot on...but NOT 1M
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  • #3,567
  • Sep 3, 2012 7:14am Sep 3, 2012 7:14am
Quoting daujones
...i hope genesis will be better perfected than this at 1 M
other timeframes its really a spot on...but NOT 1M
LOL don't think I would want to trade Gold on M1 anyway
  • #3,568
  • Sep 3, 2012 7:15am Sep 3, 2012 7:15am
Quoting daujones
...i hope genesis will be better perfected than this at 1 M
other timeframes its really a spot on...but NOT 1M
Trading an M1 chart is not an easy thing to do and "perfecting" it for M1 charts is not even on the agenda, sorry.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,569
  • Sep 3, 2012 7:57am Sep 3, 2012 7:57am
Quoting mannai70
nice, pretty decent return for your risk.
I closed it @2275.......it can't seem to break though so I'll take the money instead!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,570
  • Sep 3, 2012 8:30am Sep 3, 2012 8:30am
Is Mario about to break us out of this channel? Lets see!
  • #3,571
  • Sep 3, 2012 8:34am Sep 3, 2012 8:34am
Quoting realjumper
I closed it @2275.......it can't seem to break though so I'll take the money instead!
In todays tight market, those pips are good to go.
  • #3,572
  • Sep 3, 2012 8:37am Sep 3, 2012 8:37am
There is no Draghi speech today

http://www.forexlive.com/blog/2012/0...-speech-today/
  • #3,573
  • Sep 3, 2012 8:39am Sep 3, 2012 8:39am
Quoting mannai70
it was on the calendar. But I have also heard that it may have been cancelled due to the fact this is a ECB rate decision week and no governing members are allowed to speak to the public beforehand. Just what I read somewhere else.
You were correct: There is no Draghi speech today
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,574
  • Sep 3, 2012 8:41am Sep 3, 2012 8:41am
Quoting mannai70
In todays tight market, those pips are good to go.
It's having another push through and perhaps this time it will make it....that's the way it goes sometimes!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,575
  • Sep 3, 2012 8:44am Sep 3, 2012 8:44am
Either Mario is not speaking or EUR/USD feels too comfortable in that range - Let's hope tomorrow will be more volatile day

Mannai70 - your charts are very educative, I bet they came handy to many traders. Keep posting them

RJ, You took the only perfect trade of the day. I wish I would have your selection skills.
  • #3,576
  • Sep 3, 2012 9:26am Sep 3, 2012 9:26am
Seven hours on EU , closed with a small loss -7.1, I'm destroyed. See you tomorrow
  • #3,577
  • Sep 3, 2012 9:29am Sep 3, 2012 9:29am
Quoting vamtop
Seven hours on EU , closed with a small loss -7.1, I'm destroyed. See you tomorrow
Idem
See you tomorrow
  • #3,578
  • Sep 3, 2012 10:32am Sep 3, 2012 10:32am
Quoting daujones
...i hope genesis will be better perfected than this at 1 M
other timeframes its really a spot on...but NOT 1M
Hi daujones,
A few things:
1) the M1 Stox was completely OS on the first 2 sell signals (2 & 3) and it had already gone to OB territory for the long trade 5 (it had already risen).
2) if you're trading the M1 charts you should at least have the M5 Stox (blue line roughly) on your charts too (in the same way that we have the M15 Stox on our M5 charts), to give you an idea of what the higher TF is doing. This would also have stopped you from entering the long trade 4 as the M5 Stox was well OB
3) The long trade 1 was the best as it had M1 and M5 stox both going up from recently OS territory
4) Similarly trade 6 was looking good as both M1 and M5 were falling from OB territory but this trade didn't work out. Why? One reason could be that thoughout your chart, the M15 Stox was constantly rising (green line), favouring the higher probability Long trades....

Moral of all this: always keep an eye on what the higher TFs are doing and this is even more important if you are trading the M1 TF that is notoriously noisy and prone to false/bad signals.

Oli
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  • #3,579
  • Sep 3, 2012 10:54am Sep 3, 2012 10:54am
Quoting realjumper
I closed it @2275.......it can't seem to break though so I'll take the money instead!
Hey young man, it's so annoying when it flies once you've gone out of it but at least you got 25+ pips out of that one. I got bored too and it really felt like R2 + Weekly R1 were going to stay as resistance today. Alas...

Repetitive patterns (1 of the cornerstones of technical analysis): on both occasions, with M15 and M30 Stox (yellow & orange lines) having already gone into OB territory (a possible warning to exit a Long trade), all it took on both occasions was for the M5 Stox (blue line) to 'reset' itself from OS territory to power the next move up.
EA is quickly becoming a nice pair to trade these days...
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  • #3,580
  • Sep 3, 2012 11:01am Sep 3, 2012 11:01am
Quoting mannai70
Just thought I would share some of my personal charts that I capture and write notes on so I can review them later on and learn from them.
I would encourage others to do this as well during the day b/c even when examining the trades later you can figure out little things that one should look for.
Maybe it can help someone else as well.

Thanks
Great annotations all round

I hope that most new(er) traders have clicked on all 3 charts and read the very informative PA comments! You will learn more reading them than you will from just following what indicators are saying.
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