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Genesis Matrix Trading

  • #4,161
  • Sep 17, 2012 3:47am Sep 17, 2012 3:47am
Quoting morris1
Candle did open above 5 SMA(it retraced) and 15M Stoch looked like, for second, turning up. Plus price was above 60 SMA, so I entered also - lost 12 pips.
Entered on reversal, exited at DP for + 30 pips
Thanks Oli and morris for the revelation.

Morris, what initiated you to enter the reverse? Stochastic dosnt look too good to me at time of signal.

Regards
  • #4,162
  • Edited 4:08am Sep 17, 2012 3:56am | Edited 4:08am
Quoting olivierforex
it's a good practice to wait until both M5 & M15 Stox have been in OS territory first before attempting Long trades
...like now...not making a prediction, just a possible hint ... M5/M15/M30 Stox all in OS territory, a successful retest of the DP to come maybe and then a long Genesis signal would be a decent scenario for Longs...

Edit (disclaimer lol): bear in mind that on the next higher TFs (15/30/60) Genesis is already short so there might not be millions of pips available for a long trade (if it comes); it could still be a decent one but the smart move might now be to sell to rips rather than buy the dips
;-)
  • #4,163
  • Sep 17, 2012 4:12am Sep 17, 2012 4:12am
Quick GU scalp +8 pips
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,164
  • Sep 17, 2012 4:41am Sep 17, 2012 4:41am
Quoting olivierforex
...like now...not making a prediction, just a possible hint ... M5/M15/M30 Stox all in OS territory, a successful retest of the DP to come maybe and then a long Genesis signal would be a decent scenario for Longs...

Edit (disclaimer lol): bear in mind that on the next higher TFs (15/30/60) Genesis is already short so there might not be millions of pips available for a long trade (if it comes); it could still be a decent one but the smart move might now be to sell to rips rather than buy the dips
;-)
Oli, looking at EU right now, seems like you were quite right
  • #4,165
  • Sep 17, 2012 4:48am Sep 17, 2012 4:48am
Quoting Martyfish
Quick GU scalp +8 pips
bless you my man!

friday's breakouts on ATRs across the board has caused the fxpivots to be larger than frIday's. we will really likely to range today unless some earth-shaking news comes out.

i'm preserving my capital and will resume trading tomorrow. there's the AUD monetary mins at 9:30 then GBP cpi BY 4:30. although i personally think that the results will be "as expected" they can spearhead the sentiment vs the weak USD.

and assuming PA stays in range for the rest of the day today, then tomorrow's fxpivots will be closer, easier, and safer to trade.
Attached Image (click to enlarge)
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Challenger
  • #4,166
  • Sep 17, 2012 5:06am Sep 17, 2012 5:06am
Minako,

Your analysis of the market is spot on - very impressive.

EJ scalp, 11 pips - strong H1 & 15M stoch reading.

Damn arrows appear now, and I've closed ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,167
  • Sep 17, 2012 5:55am Sep 17, 2012 5:55am
Turned out to be a good exit - bit lucky today

Another GU scalp +9 pips - 15M arrows
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,168
  • Sep 17, 2012 5:58am Sep 17, 2012 5:58am
Quoting morris1
15M Stoch looked like, for second, turning up.
Which is why I haven't changed my M15 stoch to just one line, I find it very confusing, and I won't take the trade unless its actually crossed, it "nearly" turns up very often without actually doing it.
  • #4,169
  • Sep 17, 2012 6:21am Sep 17, 2012 6:21am
Quoting ohammond
Which is why I haven't changed my M15 stoch to just one line, I find it very confusing, and I won't take the trade unless its actually crossed, it "nearly" turns up very often without actually doing it.
Me too Olivia. I gave the one line method a good trial, but having the 2 complete stochs in separate windows works best for me
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,170
  • Sep 17, 2012 7:25am Sep 17, 2012 7:25am
Scraping some pips together today, but in the meantime, the Daily chart is interesting. I don't really go for fibs too much, but it's still interesting.....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,171
  • Sep 17, 2012 8:09am Sep 17, 2012 8:09am
Hesitated on those post US news moves

Yes RJ they have been posted on my journal.

This system is sensational !!

Please repeat on a daily basis - I dont need to change a solitary thing - nothing - nada

dammit thats 50+ pips on EJ
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,172
  • Sep 17, 2012 8:14am Sep 17, 2012 8:14am
Quoting Martyfish
Hesitated on those post US news moves

Yes RJ they have been posted on my journal.

This system is sensational !!

Please repeat on a daily basis - I dont need to change a solitary thing - nothing - nada

dammit thats 50+ pips on EJ
EJ was an easy entry.....and CJ almost went hand-in-hand with it too...another good entry
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,173
  • Sep 17, 2012 8:18am Sep 17, 2012 8:18am
Quoting Martyfish
Hesitated on those post US news moves

Yes RJ they have been posted on my journal.

This system is sensational !!

Please repeat on a daily basis - I dont need to change a solitary thing - nothing - nada

dammit thats 50+ pips on EJ
Yes we're quite fond of it as well
  • #4,174
  • Sep 17, 2012 8:29am Sep 17, 2012 8:29am
"Quite fond" !!

That is quite an understatement !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,175
  • Sep 17, 2012 8:30am Sep 17, 2012 8:30am
Are you guys still testing the MTF arrows ? (all though everybody has it on the charts)
Im just interested in your notes on its use or you have not completed testing yet .
Look at something long enough, you will eventually get it.
  • #4,176
  • Sep 17, 2012 8:36am Sep 17, 2012 8:36am
Quoting traco1
Are you guys still testing the MTF arrows ? (all though everybody has it on the charts)
Im just interested in your notes on its use or you have not completed testing yet .
Testing is complete and we are compiling a document about it as we speak. I think we're all a bit busy this past couple of weeks, but it won't be long now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,177
  • Sep 17, 2012 8:41am Sep 17, 2012 8:41am
EJ and CJ both hit RI, so I closed both. They may well go higher but I am over my target and it's nearly sleep time so I won't be greedy!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,178
  • Sep 17, 2012 8:48am Sep 17, 2012 8:48am
Quoting realjumper
Testing is complete and we are compiling a document about it as we speak. I think we're all a bit busy this past couple of weeks, but it won't be long now
Thanks, looking forward to it
Look at something long enough, you will eventually get it.
  • #4,179
  • Sep 17, 2012 8:53am Sep 17, 2012 8:53am
Scalped another +8 pips on GU

Slowly but surely !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,180
  • Sep 17, 2012 9:00am Sep 17, 2012 9:00am
For those who like the Currency Power Meter, I found this on the weekend.

Seeing the Currency strength in Graph format, I found is easier to interpret
Attached File(s)
File Type: mq4 Currency Meter-Graph.mq4   12 KB | 967 downloads
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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