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Genesis Matrix Trading

  • #5,801
  • Oct 18, 2012 12:36am Oct 18, 2012 12:36am
Please for heaven's sake is there any one out there who has experience with these three pairs EU,EA,AU. because I am trying to carry out some research work on their correlation. It seems they have chain reaction.
  • #5,802
  • Oct 18, 2012 12:36am Oct 18, 2012 12:36am
Quoting rotmos
Pleases RJ don't be offended by the reply of danbo19. He only needs some more little explanation, only that he did not ask for it in a good way. I will advice him to study and not read the entry rule again as no one can tell the number of time to trade in a day. Trade what you see and not what you think. you are trading what you think that is why you are inpatient.
The best thing he could have done was come onto the thread with images of his trades and we would have given him pointers about whether he should have taken the trades etc etc.
  • #5,803
  • Oct 18, 2012 12:52am Oct 18, 2012 12:52am
Quoting rotmos
Pleases RJ don't be offended by the reply of danbo19. He only needs some more little explanation, only that he did not ask for it in a good way. I will advice him to study and not read the entry rule again as no one can tell the number of time to trade in a day. Trade what you see and not what you think. you are trading what you think that is why you are inpatient.
He came and asked for help. I began by giving some good general advice, regarding trading.....the same that was given to me and countless other traders. Instead of continuing the discussion he immediately accused me of attacking him, and then proceeded to argue point by point with me on everything I said. If he knows everything already, then why ask for help?

I don't have the time or energy to argue with ultra defensive people who come here and ask for help, and then argue at the first opportunity.

There are many more deserving people than him.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,804
  • Oct 18, 2012 1:07am Oct 18, 2012 1:07am
Take care today because the EU Economic Summit could spring a few surprises on us. I don't know if and/or when any news of the summit will begin emerging, but the market will no doubt react to it, so take care
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,805
  • Oct 18, 2012 1:51am Oct 18, 2012 1:51am
Feels like the markets' holding its breath..
  • #5,806
  • Oct 18, 2012 2:23am Oct 18, 2012 2:23am
Quoting rotmos
Please for heaven's sake is there any one out there who has experience with these three pairs EU,EA,AU. because I am trying to carry out some research work on their correlation. It seems they have chain reaction.
It's not that 'it seems' that they have chain reaction, they have it because EA, like all cross pairs (EurChf, AudCad, EurGbp, GbpJpy...) is a by-product of EU & AU, specifically EU/AU = EA (1.3088/1.0375 = 1.2614)
  • #5,807
  • Oct 18, 2012 2:52am Oct 18, 2012 2:52am
Being extra cautious today.

Closing EJ short +21 pips

Closed on DP

Classic Genesis !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,808
  • Oct 18, 2012 2:55am Oct 18, 2012 2:55am
Quoting olivierforex
It's not that 'it seems' that they have chain reaction, they have it because EA, like all cross pairs (EurChf, AudCad, EurGbp, GbpJpy...) is a by-product of EU & AU, specifically EU/AU = EA (1.3088/1.0375 = 1.2614)
Then how do you think someone can more confidently combine these tomore profitably place trade?
  • #5,809
  • Oct 18, 2012 3:00am Oct 18, 2012 3:00am
Quoting Martyfish
Being extra cautious today.

Closing EJ short +21 pips

Closed on DP

Classic Genesis !!
I took the same trade but on CJ +18
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,810
  • Oct 18, 2012 3:08am Oct 18, 2012 3:08am
Quoting realjumper
I took the same trade but on CJ +18
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,811
  • Oct 18, 2012 3:10am Oct 18, 2012 3:10am
Quoting Martyfish
I was -7 yesterday, so there is work to do, but this is in the hands of the market. We shall see what mood the market is in today
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,812
  • Oct 18, 2012 3:13am Oct 18, 2012 3:13am
Quoting rotmos
Then how do you think someone can more confidently combine these tomore profitably place trade?
Two ways of looking at this.

The more corelated pairs you trade, the greater the risk.

For very experienced traders, they can exploit these corelated trades.

But for us mortals, there are many easier ways of getting pips from just a couple of non-corelated pairs.

I only two non-corelated pairs, very simple !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,813
  • Edited 3:29am Oct 18, 2012 3:15am | Edited 3:29am
Quoting rotmos
Then how do you think someone can more confidently combine these tomore profitably place trade?
You can't, simply because one (EA) is just the mathematical calculation derived from EU/AU: by the time one of these 2 moves, EA is simultaneously updated too.
If EU & AU move in the same direction (up) & roughly the same amount of pips, it doesn't tell you anything about EA (it won't move much), it only tells you that the US$ is weak against both the € & the Australian$
You can use EA as hedging against certain positions in EU & AU but that's it and it's certainly beyond the scope of what we discuss here under the Genesis banner.
  • #5,814
  • Oct 18, 2012 3:18am Oct 18, 2012 3:18am
If price will break S2 and the Genesis signal shows on EA then I think I should short to close @ S3. What is your view?
  • #5,815
  • Oct 18, 2012 3:20am Oct 18, 2012 3:20am
Quoting realjumper
I was -7 yesterday, so there is work to do, but this is in the hands of the market. We shall see what mood the market is in today
-7 tough day, I'm sure you will bounce back.

Though today may be a difficult day to recoup - hope I'm wrong
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,816
  • Oct 18, 2012 3:23am Oct 18, 2012 3:23am
Quoting rotmos
If price will break S2 and the Genesis signal shows on EA then I think I should short to close @ S3. What is your view?
EA is sitting on S1, not S2 but stoch is not well positioned at this time for a short entry. EU summit will have a bearing on this pair though, so we need to bear that in mind
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,817
  • Oct 18, 2012 3:26am Oct 18, 2012 3:26am
Quoting Martyfish
-7 tough day, I'm sure you will bounce back.

Though today may be a difficult day to recoup - hope I'm wrong
Oh yeah it's not a big deal at all. It's not often that I end in a daily loss, but it's just a little one so it's not an issue
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,818
  • Oct 18, 2012 3:35am Oct 18, 2012 3:35am
Quoting olivierforex
You can't, simply because one (EA) is just the mathematical calculation derived from EU/AU: by the time one of these 2 moves, EA is simultaneously updated too.
If EU & AU move in the same direction (up) & roughly the same amount of pips, it doesn't tell you anything about EA (it won't move much), it only tells you that the US$ is weak against both the € & the Australian$
You can use EA as hedging against certain positions in EU & AU but that's it and it's certainly beyond the scope of what we discuss here under the Genesis banner.
Thanks a lot I enjoyed your explanation and appreciate your time spent.
  • #5,819
  • Oct 18, 2012 3:51am Oct 18, 2012 3:51am
Quoting rotmos
Thanks a lot I enjoyed your explanation and appreciate your time spent.
Olie,

You have a talent for explaining complex issues, in a very straight-forward, easy to understand words.

We a truely lucky to have you here.

Did I mention patience, as well.

If any newish traders want to learn FX trading, you could do a lot worse than just read Olie's posts !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,820
  • Oct 18, 2012 3:53am Oct 18, 2012 3:53am
Quoting danbo19
I feel that I am over trading this system and honestly my results are very hit and miss... patience... on average say, how many trades per session/ day are you taking if you are having success with this system?

I feel like I am following the rules, but also sometimes I get into the trades to soon because I see them lining up, and feel that the arrow often doesn't appear until too late to get in for any profit. Especially if waiting for the candle following the arrow to open below the 5 ema.

Especially on the 5 minute charts which is apparently...
If you're scalping or scaling in winners with the LTF Matrix setup, only take trades with the H1 PA bias..
ie. IF H1 PA is up only take M5 long setups as per RJ's post 1 rules..
If you're a newbie & don't know what PA is.. then take a look at the H1 5ma slope before you pull the trigger.. if it is up long only, or short if is down..
trading is not an exact science.. but sometimes, there's beauty in simplicity.. fwiw
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