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Genesis Matrix Trading

  • #3,841
  • Sep 7, 2012 8:21am Sep 7, 2012 8:21am
Quoting minako
once a month a major pair reaches R4. and EU is that pair... still open last month it was GU

but SL has been moved to 1.2720 (it's a free trade so i'm willing to wait!)



expensive! $7.50 per round lot vs IC market's $5.50. and IC went to 0.00 on spread during NFP! i like
thanks minako,

I'll check out IC markets on the weekend.


So basically you expect a similar reaction to NFP as FOMC had?
When exactly did you enter the long for this NFP trade?
  • #3,842
  • Sep 7, 2012 8:27am Sep 7, 2012 8:27am
Quoting mannai70
So basically you expect a similar reaction to NFP as FOMC had?
When exactly did you enter the long for this NFP trade?
i have since LO open. then a 2nd position at the spawn of the signal which was 830am EST close of M5 bar specifically for NFP.

i wish there was a signal before the news but there wasn't so i accepted the one generated by the news. i'm still holding a short on EJ but that came earlier cos it signaled at exactly 800am EST which is my personal threshold for accepting signals for HIN

did not take CJ due to recent developments with SNB
Attached Image
Challenger
  • #3,843
  • Sep 7, 2012 8:27am Sep 7, 2012 8:27am
Quoting minako
SNB has somehow allowed to release some tight controls on EURCHF allowing it to close above 1.2000 area.
That is not correct: the SNB is quite happy for the EurChf rate to go as high as possible because they want a weak Swiss Francs vs the Euro and not the opposite.
Earlier this year they set a floor at 1.2000 on the cross rate and they have been defending that level ever since (the floor level is the level that they do NOT want the cross rate to go below - anything above they are ok with).

Edit: I'm reading/answering from page 252 where I left off yesterday, so apologies if this has been covered in the meantime
  • #3,844
  • Sep 7, 2012 8:31am Sep 7, 2012 8:31am
Quoting olivierforex
That is not correct: the SNB is quite happy for the EurChf rate to go as high as possible because they want a weak Swiss Francs vs the Euro and not the opposite.
Earlier this year they set a floor at 1.2000 on the cross rate and they have been defending that level ever since (the floor level is the level that they do NOT want the cross rate to go below - anything above they are ok with)
Correct
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,845
  • Sep 7, 2012 8:38am Sep 7, 2012 8:38am
Matrix8756....you have a PM
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,846
  • Edited 8:59am Sep 7, 2012 8:44am | Edited 8:59am
Nice trade on GU with bullish divergence on M5 right off dp and weekly R1, I moved my stop loss to +1 at the start of nfp but it came nowhere near it. Edit: I forgot at the time I took the trade there had been a lovely inverted hammer on H1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 28 KB
Click to Enlarge Name: guh1.gif Size: 29 KB
  • #3,847
  • Sep 7, 2012 8:49am Sep 7, 2012 8:49am
Quoting realjumper
Matrix8756....you have a PM
OK reply
  • #3,848
  • Sep 7, 2012 8:56am Sep 7, 2012 8:56am
Spent the past 3 weeks and especially this week observing the system in action ... Genesis + Stochastics (MTFs) + S/R is just an incredible combination.

Signal + indicator filter + PA/Mkt structure filter.

Hats off to the team here. The system really is as complex as needed, and as simplified as it could be.

Let's hope I can make it work for me ... starting next week (albeit small initial position)
  • #3,849
  • Sep 7, 2012 8:58am Sep 7, 2012 8:58am
RJ,

If a short signal showed up on the EU now would you take it or is this 5 min stoch out of the zone now.
  • #3,850
  • Sep 7, 2012 9:05am Sep 7, 2012 9:05am
Quoting mannai70
RJ,

If a short signal showed up on the EU now would you take it or is this 5 min stoch out of the zone now.
Pay attention @ 1.2747 there is a res/sup Daily.
  • #3,851
  • Sep 7, 2012 9:06am Sep 7, 2012 9:06am
Quoting vamtop
Pay attention @ 1.2744 there is a res/sup Daily.
yeah I would only short if we broke that .2746 .2740 area
  • #3,852
  • Sep 7, 2012 9:09am Sep 7, 2012 9:09am
Quoting mannai70
RJ,

If a short signal showed up on the EU now would you take it or is this 5 min stoch out of the zone now.
Personally I wouldn't take any more trades this week. The market needs to digest Draghi's crap as well as the mixed news regarding NFP and Employment.

I would just observe
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,853
  • Sep 7, 2012 9:11am Sep 7, 2012 9:11am
Quoting mannai70
yeah I would only short if we broke that .2746 .2740 area
anyway, genesis didn't made the signal
  • #3,854
  • Sep 7, 2012 9:18am Sep 7, 2012 9:18am
This week started out slow (for me), but it all ended well. I let a trade pass me by today (EA long) which was my own fault, but I still did well from two previous trades today. So Mon & Tues I didn't get my daily target, but Wed, Thur and today....target was achieved.

I hope you all got some good pips......have a great weekend and see you next week

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,855
  • Sep 7, 2012 9:20am Sep 7, 2012 9:20am
Quoting realjumper
This week started out slow (for me), but it all ended well. I let a trade pass me by today (EA long) which was my own fault, but I still did well from two previous trades today. So Mon & Tues I didn't get my daily target, but Wed, Thur and today....target was achieved.

I hope you all got some good pips......have a great weekend and see you next week

RJ
Happy weekend to you too.
  • #3,856
  • Sep 7, 2012 9:21am Sep 7, 2012 9:21am
Quoting minako
once a month a major pair reaches R4 (2793)
going to sleep now. TP and SL in place. happy weekend everybody!

there's problem with R4, whenever it is reached/breached, PA doesn't do a fib 50% retracement on the next trading day. repeating patterns....
Challenger
  • #3,857
  • Sep 7, 2012 11:24am Sep 7, 2012 11:24am
In your experience is it always better to take the Genesis signals regardless of what PA is saying or has said?

Thanks for your patience
Dee
Cut your Losers short and let your Winners run.
  • #3,858
  • Sep 7, 2012 7:19pm Sep 7, 2012 7:19pm
Quoting dee50
In your experience is it always better to take the Genesis signals regardless of what PA is saying or has said?

Thanks for your patience
Dee
That's really a matter of experience Dee. For instance, in the EA bull run last night there was a couple of Genesis signals that were just minor pullbacks, not reversals, and as I'm sure you know, it's best to not try and counter trend trade without a very good reason. Those minor pullbacks were to be expected in such a strong trend and I would not try and counter trade them.

On the other hand, not too long after Frankie opened yesterday, GU revered at R2......Genesis signaled this and I took the trade because M5 and M15 stochs both agreed and so did the M5 arrow. The reversal was a textbook rejection of the s/r level of R2.

The we had another reversal on GU at the Daily Pivot, which I also took for exactly the same reasons. Pivot bounce + M5 stoch + M15 stoch + Genesis Signal + arrow......so we had a confluence of many things that said "trade this thing!"

So to answer your question in short......no, I wouldn't take a trade regardless of what PA is saying *unless* there was a confluence of all the things we watch for, as described above.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,859
  • Sep 8, 2012 6:50am Sep 8, 2012 6:50am
Quoting realjumper
So to answer your question in short......no, I wouldn't take a trade regardless of what PA is saying *unless* there was a confluence of all the things we watch for, as described above.
Thank you. Thatīs what I thought, but I like to make sure.
Cut your Losers short and let your Winners run.
  • #3,860
  • Sep 9, 2012 4:41am Sep 9, 2012 4:41am
Is there a coder on this thread that could modify the arrow Histo indicator to a MTF-Version? The histogram is one color for rising arrow and stay that color until the next arrow.

Attached Image (click to enlarge)
Click to Enlarge Name: arrow histo.gif Size: 14 KB



Attached File(s)
File Type: mq4 arrow_histo.mq4   5 KB | 999 downloads
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