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Genesis Matrix Trading

  • #3,781
  • Sep 7, 2012 2:06am Sep 7, 2012 2:06am
Quoting mannai70
just wondering why you didn't take the signals before the ones you took, I think those were the ones that coincided with the news release. Perhaps I am wrong.

Thanks
yeap the spring green (505) were taken. the purple ones were not and they spawned not at the exact time of news release which was 530
Challenger
  • #3,782
  • Sep 7, 2012 2:18am Sep 7, 2012 2:18am
Quoting ohammond
Well it won so its not all bad
You are always wise and right .... green pips are always green pips but the process is important to achieve consistency
You control how you trade; the market controls how and when you'll get paid
  • #3,783
  • Sep 7, 2012 2:34am Sep 7, 2012 2:34am
Can you please tell me, have I been correct in not entering this trade (next candle after red vertical lane), because Stoch on M5 did not come from oversold and Stoch on M15 was in overbought for some time?
Did you enter here?
In hindsight, it could be nice "go to bed" trade for tonight!?!
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  • #3,784
  • Sep 7, 2012 2:44am Sep 7, 2012 2:44am
Quoting morris1
Can you please tell me, have I been correct in not entering this trade (next candle after red vertical lane), because Stoch on M5 did not come from oversold and Stoch on M15 was in overbought for some time?
Did you enter here?
In hindsight, it could be nice "go to bed" trade for tonight!?!
i entered on the buy signal after because i like to start 3 am EST and the 1h wasnt overbought, price action was also making new highs so i thought the breakout could continue. worst case scenario i get a sell a signal and just sell then
  • #3,785
  • Sep 7, 2012 2:46am Sep 7, 2012 2:46am
SNB has somehow allowed to release some tight controls on EURCHF allowing it to close above 1.2000 area.

so CJ will start to lose its positive correlation to EU/EJ. just a warning.. tides are changing..
Attached Image (click to enlarge)
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Challenger
  • #3,786
  • Sep 7, 2012 2:48am Sep 7, 2012 2:48am
Since a couple week I have been analyzing the stocastic indicators, M5 M15 H1, and I have noticed the strenght of the H1 one during the Pull back and the opening time. On this morning a typical example how the M5 stocastic bounced off the H1 one, I have marked them on the charts and even if the M5 hasnt' gone in OS, It seems to receive the strength from the H1 coming from below.

This could be a good opportunity to place a long trade.
Attached Image(s) (click to enlarge)
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  • #3,787
  • Sep 7, 2012 2:49am Sep 7, 2012 2:49am
Quoting minako
SNB has somehow allowed to release some tight controls on EURCHF allowing it to close above 1.2000 area.

so CJ will start to lose its positive correlation to EU/EJ. just a warning.. tides are changing..
and of course EURUSD/USDCHF has lost its negative correlation
  • #3,788
  • Sep 7, 2012 2:49am Sep 7, 2012 2:49am
Quoting minako
SNB has somehow allowed to release some tight controls on EURCHF allowing it to close above 1.2000 area.

so CJ will start to lose its positive correlation to EU/EJ. just a warning.. tides are changing..
interesting stuff
  • #3,789
  • Sep 7, 2012 2:53am Sep 7, 2012 2:53am
Quoting minako
yeap the spring green (505) were taken. the purple ones were not and they spawned not at the exact time of news release which was 530
Something is wrong there with the chart and news release time. The news was released according to FF at 2.30am my time, which is 1.30 GMT and according to my chart, comparing the two you took the trade at 2.05 GMT which was after the news.
  • #3,790
  • Sep 7, 2012 2:54am Sep 7, 2012 2:54am
Hi realjumper and team, thank you all for this fantastic system, I have been following it from the start,I do not post often I just read and study.

What I have noticed like today is the stoc 5 and 15 has stopped me from entering any trades, and their has been some really nice moves, RJ have you taken any trades this morning? I can see eur/aud could be setting up right now for a short stoc in the right place

All the best to you and the team
Logic38
  • #3,791
  • Sep 7, 2012 2:55am Sep 7, 2012 2:55am
Quoting SteeP7
i entered on the buy signal after because i like to start 3 am EST and the 1h wasnt overbought, price action was also making new highs so i thought the breakout could continue. worst case scenario i get a sell a signal and just sell then
yep, plus SL was pretty reasonable. Oh well, next time...
Thanks for reply
  • #3,792
  • Sep 7, 2012 2:58am Sep 7, 2012 2:58am
4hr trendline if it holds im taking short signals if we break ill be happier
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  • #3,793
  • Sep 7, 2012 2:58am Sep 7, 2012 2:58am
Quoting minako
SNB has somehow allowed to release some tight controls on EURCHF allowing it to close above 1.2000 area.

so CJ will start to lose its positive correlation to EU/EJ. just a warning.. tides are changing..
Yes, I've been watching that too. SNB never had a problem with it closing above 1.2000, but they wouldn't let it close below.

I remember last time SNB tried this and they got severely burnt. This time they are holding a record 418 billion in foreign currency reserves, and I personally hope they get burnt even harder than last time.

The whole point of having a free floating currency is to let it float freely....duh! If SNB want to have tight control over their currency like (say) the Chinese.....then they should get out of the market. They want to win both ways and they are prepared to intervene as they have done on a sustained program. If all countries did that, good bye free market. The Swiss franc should be suspended from the market imo!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,794
  • Sep 7, 2012 3:08am Sep 7, 2012 3:08am
Quoting logic38
RJ have you taken any trades this morning?
I took AU and EA just after Tokyo open, but that's all. The reason I took those trades was because the set ups were really good and the Aussie often moves during the Tokyo session. I don't trade that session as a rule, but the R:R was good so I entered.

I haven't taken any trades since Frankfurt open though because none of the setups looked good to me. As it turns out, there were some good pips passing me by, but that's ok.....I want to trade the high probability set ups only....the rest can happily pass me by!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,795
  • Sep 7, 2012 3:13am Sep 7, 2012 3:13am
Quoting ohammond
Something is wrong there with the chart and news release time. The news was released according to FF at 2.30am my time, which is 1.30 GMT and according to my chart, comparing the two you took the trade at 2.05 GMT which was after the news.
holy sh*t! i wasn't particularly looking at what time it is when i traded.

woke up when alarm went off, looked at the charts, traded as per genesis, placed SL and TP and slept right back again.

ERRATUM in place. sorry and thanks!
Challenger
  • #3,796
  • Sep 7, 2012 3:25am Sep 7, 2012 3:25am
Quoting realjumper
I took AU and EA just after Tokyo open, but that's all. The reason I took those trades was because the set ups were really good and the Aussie often moves during the Tokyo session. I don't trade that session as a rule, but the R:R was good so I entered.

I haven't taken any trades since Frankfurt open though because none of the setups looked good to me. As it turns out, there were some good pips passing me by, but that's ok.....I want to trade the high probability set ups only....the rest can happily pass me by!
I bought EA this morning during Frankie because the stochs were perfectly placed and bullish divergence on M5 and M15.
  • #3,797
  • Sep 7, 2012 3:28am Sep 7, 2012 3:28am
Quoting minako
oh la la, USDCHF is now + correlated to EU! another cheap pair! thanks for raising that! i thought i would never trade UC again, missed it!

but the +correlation is just starting to build.. not yet there.
better positive correlation seems to be usdchf/eurchf
  • #3,798
  • Sep 7, 2012 3:34am Sep 7, 2012 3:34am
Quoting bubola
better positive correlation seems to be usdchf/eurchf
eur/chf I don't even bother with, the atr is usually ridiculously low except when intervention happens and then it flies so I can't be bothered to look at something that usually has an atr of around 10 pips
  • #3,799
  • Sep 7, 2012 3:40am Sep 7, 2012 3:40am
Quoting ohammond
eur/chf I don't even bother with, the atr is usually ridiculously low except when intervention happens and then it flies so I can't be bothered to look at something that usually has an atr of around 10 pips
yes, i know, i've never traded it
  • #3,800
  • Sep 7, 2012 3:48am Sep 7, 2012 3:48am
Quoting ohammond
I bought EA this morning during Frankie because the stochs were perfectly placed and bullish divergence on M5 and M15.
Ah you bought the bounce of S1?
Doing what you like is Freedom. Liking what you do is Happiness.
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