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Genesis Matrix Trading

  • #4,061
  • Sep 13, 2012 3:23am Sep 13, 2012 3:23am
Quoting vamtop
Rj,

do you think the trade on EU I quote is quite better than the previous ones you were speaking?

Thanks
The reason behind the trade was that all the Stoch lined up nicely up to 1H TF.
Negative side of the trade: Price bouncing around Weekly R1 and the trade is countertrend trade. Since it was a countertrend trade that is the reason I had 10 pips TP (1:1 RR comparing to my SL).
Since the 1H Stoch is not an original part of the system I did not put it on the screenshot nor the Weekly Pivot.


K.
  • #4,062
  • Sep 13, 2012 3:45am Sep 13, 2012 3:45am
Are the candles printed on the screen with some lagging?

I have notice the new candle formed is already filled as if it formed on the screen with some lag.

Is there I need to update on any on of the indi's?
  • #4,063
  • Sep 13, 2012 4:10am Sep 13, 2012 4:10am
Quoting hullas
Are the candles printed on the screen with some lagging?

I have notice the new candle formed is already filled as if it formed on the screen with some lag.

Is there I need to update on any on of the indi's?
If you read Post #1, you will see some information there regarding Heiken Ashi candles. I highly recommend you read that information......that Post......and the whole thread.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,064
  • Sep 13, 2012 4:53am Sep 13, 2012 4:53am
Two trades on demo account
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  • #4,065
  • Sep 13, 2012 5:08am Sep 13, 2012 5:08am
Quoting realjumper
If you read Post #1, you will see some information there regarding Heiken Ashi candles. I highly recommend you read that information......that Post......and the whole thread.
Thanks RJ!
  • #4,066
  • Sep 13, 2012 5:14am Sep 13, 2012 5:14am
maybe its better to wait for FOMC itself.. 1230pm EST, just 6 hours form now. still flat. but they divided FOMC to 1230 and 215... tsk tsk... this will probably whipsaw.

@215 we can watch the FOMC statement live (to QE or not to QE, that is the question ) http://www.ustream.tv/federalreserve
Challenger
  • #4,067
  • Sep 13, 2012 5:15am Sep 13, 2012 5:15am
Quoting minako
maybe its better to wait for FOMC itself.. 1230pm EST, just 6 hours form now. still flat
That's my plan too, unless something juicy comes along at NY open, but I doubt it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,068
  • Sep 13, 2012 5:26am Sep 13, 2012 5:26am
are you in the EST? I am in Indianapolis. Are you waking up at 2 AM then just staying up through 9 AM or just staying up through the night for FO and LO, then napping before NYO? I am finding the FO and LO tough to do as I have a full time job for the time being. How are you doing it?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,069
  • Sep 13, 2012 5:34am Sep 13, 2012 5:34am
Babysitted EU since 8:40 GMT+1., I entered in delay of one candle . Banked 9 pip. Not bad.

Now it's lunch time. See you later
  • #4,070
  • Sep 13, 2012 5:35am Sep 13, 2012 5:35am
Quoting capstone
are you in the EST? I am in Indianapolis. Are you waking up at 2 AM then just staying up through 9 AM or just staying up through the night for FO and LO, then napping before NYO? I am finding the FO and LO tough to do as I have a full time job for the time being. How are you doing it?
nope, i am 13 hours behind EST. London open is 4pm for me. but 215pm EST is 315am.... cat nap

i will see if the 1230 FOMC statement is tradeable (usually not) however, the circumstances are slightly different. pls don't whipsaw Mr PA!~~~~
Challenger
  • #4,071
  • Sep 13, 2012 5:36am Sep 13, 2012 5:36am
indeed the market is flat at least on pairs I am keeping an eye.
Just spoted that GU range today so far is just 22 pips and EU is not in a better position with only a 35 pips range.
I took a small short trade on AU but it looks like it is not going to move so closed it at +3. The trade was a bit risky since it had very nice down move already today but took the change and balied out cos it did not feel good.
We might see some movement after 2 hours when we have some red news on USD but again we trade what we see.

K.
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  • #4,072
  • Sep 13, 2012 5:40am Sep 13, 2012 5:40am
Quoting vamtop
Babysitted EU since 8:40 GMT+1., I entered in delay of one candle . Banked 9 pip. Not bad.

Now it's lunch time. See you later
I was looking the same signal but did not enter since I had a trade open already.

K.
  • #4,073
  • Sep 13, 2012 5:55am Sep 13, 2012 5:55am
Hello Rj and all the Genesis team

I have spent a fortune and many years learning how to trade Forex, I have studied many indicators and been a member in many trading rooms over time. but I still lacked confidence in the market, maybe with myself, maybe with other things and lost money.

I found myself thinking of giving up, when i started to follow Rj, olivia and Yelena on the Symphonie thread and realised people are making and I know deep down I'm no quitter.
I went back to Demo and am really beginning to see things I have I mist before, and i am gradually starting to choose my trades more carefully and cutting losses.
I now want to start trading live again in a small way to start with and my confidence is starting to return

I just want to say a big thank you for all the help and support you give on this thread

Pattie
  • #4,074
  • Edited 6:44am Sep 13, 2012 6:33am | Edited 6:44am
Quoting Pattie
Hello Rj and all the Genesis team

I have spent a fortune and many years learning how to trade Forex, I have studied many indicators and been a member in many trading rooms over time. but I still lacked confidence in the market, maybe with myself, maybe with other things and lost money.

I found myself thinking of giving up, when i started to follow Rj, olivia and Yelena on the Symphonie thread and realised people are making and I know deep down I'm no quitter.
I went back to Demo and am really beginning to see things I have I mist before, and i...
You're very welcome Pattie, and I'm sure the whole team wish you well.

The FX learning curve has been difficult for everyone and I don't believe that there are any exceptions to this. As you correctly say, it is all a matter of choosing the trades carefully and not just jumping in because the indicators say so. There is much more to it than that! It's like when you see a car coming down the road and you want to cross in front of it because it is indicating that it will turn left before it gets to you. Do you accept the indication and just cross right in front of the car?......of course not.....you wait for confirmation that the car is going to turn before you step off the curb......the indicator might have been on by mistake or never cancelled from a previous turn. Either way, it's not worth risking you life on!!

Since Frankfurt open I have entered no trades. Of course there are pips that I let slip past, but none of the possible entries meet my criteria of a high probability trade, so I will protect my capital by not exposing it to low probability/high risk trades.

The perfect trade will come......I am content to sit and wait
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,075
  • Sep 13, 2012 7:12am Sep 13, 2012 7:12am
Quoting realjumper
You're very welcome Pattie, and I'm sure the whole team wish you well.

The FX learning curve has been difficult for everyone and I don't believe that there are any exceptions to this. As you correctly say, it is all a matter of choosing the trades carefully and not just jumping in because the indicators say so. There is much more to it than that! It's like when you see a car coming down the road and you want to cross in front of it because it is indicating that it will turn left before it gets to you. Do you accept the indication and just cross...
Great RJ.
Great concept ...........
  • #4,076
  • Sep 13, 2012 7:36am Sep 13, 2012 7:36am
Quoting Pattie
Hello Rj and all the Genesis team

I have spent a fortune and many years learning how to trade Forex, I have studied many indicators and been a member in many trading rooms over time. but I still lacked confidence in the market, maybe with myself, maybe with other things and lost money.

I found myself thinking of giving up, when i started to follow Rj, olivia and Yelena on the Symphonie thread and realised people are making and I know deep down I'm no quitter.
I went back to Demo and am really beginning to see things I have I mist before, and...
Hey Pattie,
It's a lot harder now than it was a few years ago to get into FX trading because the volatility (= the amount of pips available) just isn't there at the moment so take comfort in that.
At least as far as EU is concerned (but this applies to many other FX pairs), it has been a lot more difficult recently (& certainly since the start of 2012) to get pips out of the markets.
This is a EU chart showing the range of pips that we get on a Weekly basis (from High to Low): as you can see we have been for the last few months near the very low of the range with Weekly candles barely larger than 155 pips (bottom line) which is ...erm...nothing really and it's very hard to get good trending move.
The top of that range (middle line) is around 630 pips and 90% of EU Weekly candles fall between these 2 numbers and as you can imagine you'll get a lot more pips per trade in a week when the movement is that high.
Will we ever see the highs of 2008 when we had Weekly candles well above 1000 pips, with 1 week topping out at 1350 pips!
It's a shame that Genesis wasn't around in those days, but hopefully these days will return soon...
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  • #4,077
  • Sep 13, 2012 7:58am Sep 13, 2012 7:58am
Quote
You're very welcome Pattie, and I'm sure the whole team wish you well
.

Thanks for the well wishes Rj

The scenario you tell is absolutely correct and very similar to how I started out in the forex

I pulled out of a junction in my car when I saw a HGV lorry indicating to turn my way, only to to wake up sometime later to find out the driver changed his mind and carried on straight into the side of me, causing me considerable damage.

So yes I am now very good at waiting, but there is a fine line between waiting patiently for the correct opportunity and not pulling the trigger and missing the entry. but Genesis is showing me the way now and giving me confidence

I really do appreciate learning from people in this thread who are trading for a living instead of good sales men who have never placed a trade. I now know it is possible to earn a living from trading and read the posts many times(shame Yelena deletes them, they are very good)

Thanks
Pattie
  • #4,078
  • Sep 13, 2012 8:03am Sep 13, 2012 8:03am
[quote=Pattie;6008503]So yes I am now very good at waiting, but there is a fine line between waiting patiently for the correct opportunity and not pulling the trigger and missing the entry. but Genesis is showing me the way now and giving me confidence/quote]
Attached Image
Challenger
  • #4,079
  • Sep 13, 2012 8:10am Sep 13, 2012 8:10am
another 4.5 hrs to go.
  • #4,080
  • Sep 13, 2012 10:02am Sep 13, 2012 10:02am
Quoting iwan73
Two trades on demo account
Excuse me Iwan73, were can I find the indicator that you have in the template in the upper left part of your chart (the one were you can read Currency, spread, candle)?

Sorry for my bad english...
ciao
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