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Genesis Matrix Trading

  • #3,961
  • Sep 11, 2012 6:39am Sep 11, 2012 6:39am
Quoting realjumper
Thanks Oli......I exited at S1 because it's been a long time coming and 2300 round number is close. It may go down more but I'll take the +38
So much for that....lol.....EA blasted right through to S2

I still have Au open though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,962
  • Sep 11, 2012 6:42am Sep 11, 2012 6:42am
Quoting realjumper
Thanks Oli......I exited at S1 because it's been a long time coming and 2300 round number is close. It may go down more but I'll take the +38
With mostly red candles and the last test of DP so weak, would it work to take profit on half position at S1 and hold remaining down to round number or S2 (with SL say half way between DP and S1)?
  • #3,963
  • Sep 11, 2012 6:44am Sep 11, 2012 6:44am
Quoting RainyDay1
With mostly red candles and the last test of DP so weak, would it work to take profit on half position at S1 and hold remaining down to round number or S1 (with SL say half way between DP and S1)?
You could do it that way if you want to.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,964
  • Sep 11, 2012 6:47am Sep 11, 2012 6:47am
Quoting realjumper
If you look at the charts and explantion posted on Post #2 on page 1 you'll see where it says "Stochastic is falling from a recent overbought state"
And now it's clear. I just can't belive that I missed that.
Did I say Thank You?
  • #3,965
  • Sep 11, 2012 6:49am Sep 11, 2012 6:49am
Quoting realjumper
So much for that....lol.....EA basted right through to S2

I still have Au open though
I'm pretty sure that a lot of us have missed that last movement on EA (I have) but that's the way the markets psychology is set: a ranging day on Monday for EA with few pips available makes you wary of missing out again today if you don't take your pips quick enough and when most traders have closed their positions ... here comes the big fast move that gives you as many pips again (if only you had stayed in lol)
  • #3,966
  • Sep 11, 2012 6:51am Sep 11, 2012 6:51am
Quoting realjumper
I still have Au open though
It's having trouble breaking the previous high set on the 7th.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,967
  • Sep 11, 2012 6:53am Sep 11, 2012 6:53am
Quoting olivierforex
I'm pretty sure that a lot of us have missed that last movement on EA (I have) but that's the way the markets psychology is set: a ranging day on Monday for EA with few pips available makes you wary of missing out again today if you don't take your pips quick enough and when most traders have closed their positions ... here comes the big fast move that gives you as many pips again (if only you had stayed in lol)
Oh yeah....that's exactly right Oli.....I'm not concerned about it in the least and I would make that same exit every time.....it was a good exit point and given the same circumstance I would take the same exit.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,968
  • Sep 11, 2012 6:57am Sep 11, 2012 6:57am
Quoting olivierforex
I'm pretty sure that a lot of us have missed that last movement on EA (I have) but that's the way the markets psychology is set: a ranging day on Monday for EA with few pips available makes you wary of missing out again today if you don't take your pips quick enough and when most traders have closed their positions ... here comes the big fast move that gives you as many pips again (if only you had stayed in lol)
How true what you said .................
  • #3,969
  • Sep 11, 2012 6:59am Sep 11, 2012 6:59am
Quoting realjumper
It's having trouble breaking the previous high set on the 7th.....
NY about to open....this thing is taking too long to break the previous high (and 1.0400 is right there too). I have closed for +34. That's all good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,970
  • Sep 11, 2012 7:08am Sep 11, 2012 7:08am
Quoting realjumper
Here you go....
RJ on my chart does not have the same position as the arrow 15M. To understand the 3 arrows.
I'm wrong?
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  • #3,971
  • Sep 11, 2012 7:13am Sep 11, 2012 7:13am
Quoting Matrix8756
RJ on my chart does not have the same position as the arrow 15M. To understand the 3 arrows.
I'm wrong?
There can be differences in the indicators based on the broker datafeed, Matrix. The arrows on my chart are similar to yours.
  • #3,972
  • Sep 11, 2012 7:14am Sep 11, 2012 7:14am
Quoting Matrix8756
RJ on my chart does not have the same position as the arrow 15M. To understand the 3 arrows.
I'm wrong?
I don't know why that is......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,973
  • Sep 11, 2012 7:15am Sep 11, 2012 7:15am
Quoting Cody_R
There can be differences in the indicators based on the broker datafeed, Matrix. The arrows on my chart are similar to yours.
Okay then?
  • #3,974
  • Sep 11, 2012 7:16am Sep 11, 2012 7:16am
Quoting realjumper
Oh yeah....that's exactly right Oli.....I'm not concerned about it in the least and I would make that same exit every time.....it was a good exit point and given the same circumstance I would take the same exit.
And this is where the importance of having rules and following them pays off in the long term: there will be many more trades that hit TP1 and then go back to B/E (giving you a big fat 0 if you didn't take (some) profit there as your rules might dictate) than will go to TP2...
  • #3,975
  • Sep 11, 2012 7:17am Sep 11, 2012 7:17am
Quoting Matrix8756
Okay then?
Yes, your chart is fine.
  • #3,976
  • Sep 11, 2012 7:18am Sep 11, 2012 7:18am
Quoting Cody_R
Yes, your chart is fine.
Ok Thanks
  • #3,977
  • Sep 11, 2012 7:31am Sep 11, 2012 7:31am
Thank you for a great system,
I will be trading with it over the next few weeks.

Also found some very good info on Stochastic
http://stockcharts.com/school/doku.p...tic_oscillator
  • #3,978
  • Edited 7:54am Sep 11, 2012 7:39am | Edited 7:54am
Quoting Cody_R
There can be differences in the indicators based on the broker datafeed, Matrix. The arrows on my chart are similar to yours.
And my M15 Arrows are the same as RJ....it's all down to the broker and very often the datafeed doesn't need to be that different for discrepancies to appear.
Bear in mind that any indicator is simply a mathematical formula attached to the movement of price (open/high/low/close) and then 'translated' to an easy to understand graphical way (the colourful Arrows for example).
A broker having a candle Close at say 1.2780 will return a slightly different 'indicator' value than one having a Close at 1.2781: and if that value is close to the level where the indicator turns from green (50.0001) to red (49.9999), one broker will have the arrows but another one will only have it one candle later, or even not at all (if the price reverse sharply).
And this is not really about good & bad brokers because sometimes a split second can make all the difference: if the last tick is at 13.34.59.9s, with one broker it will register on the 13.30 candle and with another it will register on the 13.35 candle (both candles will have a different Close and a different Open ---> different indicator value ---> Arrow appears/doesn't appear.

PS: this wasn't addressed to you Cody (despite the quote), cuz I know that as a programer you're well aware of the price/indicator relationship
  • #3,979
  • Sep 11, 2012 7:45am Sep 11, 2012 7:45am
Some good information regarding arrows and broker feeds.....Thanks Cody and Oli.

Have to remember that the Genesis system is a suite of indicators, not just the arrow. For me, I don't necessarily wait for the arrow before I enter a trade, but I do like to see it soon after the entry to confirm the entry.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,980
  • Sep 11, 2012 7:53am Sep 11, 2012 7:53am
EU demo long
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