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Genesis Matrix Trading

  • #6,301
  • Oct 26, 2012 5:44am Oct 26, 2012 5:44am
Quoting Gumrai
Opened a long trade on Gold.
Couldn't seem to really break below S1 with any conviction.
Gonna watch trade carefully as is a reversal of recent trend direction. Hopefully will reach DP
Your trade hit the DP
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,302
  • Oct 26, 2012 6:03am Oct 26, 2012 6:03am
Quoting realjumper
Your trade hit the DP
Yes, took me a bit by surprise when it moved up suddenly and hit the DP before 2 new candles (M15).
I was considering moving my TP and SL up to lock in some profits, but my TP got hit.
I'm not actually that keen on trading Fridays, so I am content with what I have taken from the market today.

I'm really happy as I've had 5 Gold trades this week, 3 winners, 2 losers, netting 170 points.
Please Do Not PM Me With Coding Enquiries
  • #6,303
  • Oct 26, 2012 6:12am Oct 26, 2012 6:12am
Quoting Gumrai
Yes, took me a bit by surprise when it moved up suddenly and hit the DP before 2 new candles (M15).
I was considering moving my TP and SL up to lock in some profits, but my TP got hit.
I'm not actually that keen on trading Fridays, so I am content with what I have taken from the market today.

I'm really happy as I've had 5 Gold trades this week, 3 winners, 2 losers, netting 170 points.
Well done.....I've never been very good with Gold.....so I stay away from the stuff!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,304
  • Oct 26, 2012 6:28am Oct 26, 2012 6:28am
Quoting realjumper
Well done.....I've never been very good with Gold.....so I stay away from the stuff!!
That's probably because, unlike coffee, you can't drink it
  • #6,305
  • Oct 26, 2012 6:28am Oct 26, 2012 6:28am
Quoting olivierforex
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...
Think these days are creeping back oli..
  • #6,306
  • Oct 26, 2012 6:35am Oct 26, 2012 6:35am
Quoting realjumper
Well done.....I've never been very good with Gold.....so I stay away from the stuff!!
Thanks RJ.
I like trading gold, especially bullish moves when the USD is weakening. Gold is traded in USD so when the dollar weakens, it gets cheaper for the rest of the world. That pushes the price of gold up in dollars. At the same time, because the $ is weakening, and $ being THE world currency, risk aversive traders move their money into gold, pushing the price up further.
This means that you do get exaggerated moves in gold and so make it worth trading even with the higher spread.
I never traded gold with TF lower than 1 hour before, early days, but it does seem to be working with Genesis 15 minute charts.
Please Do Not PM Me With Coding Enquiries
  • #6,307
  • Oct 26, 2012 6:38am Oct 26, 2012 6:38am
Quoting olivierforex
That's probably because, unlike coffee, you can't drink it
But...but...but....it says 'Gold' on my coffee jar
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,308
  • Oct 26, 2012 6:41am Oct 26, 2012 6:41am
Took the EU long trade when it broke S1. Full Genesis dash, Arrow and stochs rising. M15 arrow just came in.

Now at +25.
  • #6,309
  • Oct 26, 2012 6:49am Oct 26, 2012 6:49am
Quoting SebastiaanV
Took the EU long trade when it broke S1. Full Genesis dash, Arrow and stochs rising. M15 arrow just came in.

Now at +25.
Good for you....I have been a bit distracted and missed that trade. Some news coming in a few minutes too
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,310
  • Oct 26, 2012 6:58am Oct 26, 2012 6:58am
Quoting SebastiaanV
Took the EU long trade when it broke S1. Full Genesis dash, Arrow and stochs rising. M15 arrow just came in.

Now at +25.
In on that too, just looked this up, bot already closed a lot, brought SL to BE+2.
  • #6,311
  • Oct 26, 2012 7:23am Oct 26, 2012 7:23am
Wow GU took a bit of a pop

I dont think I've said this week:

"I love Genesis "
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,312
  • Oct 26, 2012 7:25am Oct 26, 2012 7:25am
Quoting Martyfish
Wow GU took a bit of a pop

I dont think I've said this week:

"I love Genesis "
It's been a pretty good week Marty.....I missed a couple of good ones tonight but that can't be helped. The week has been good though and now it's 3.30am, so I really should stop drinking coffee and go to sleep!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,313
  • Oct 26, 2012 7:30am Oct 26, 2012 7:30am
A quick 15 pips.

That will pay for another bottle of Bombay Saphire

(or two)
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,314
  • Oct 26, 2012 7:33am Oct 26, 2012 7:33am
WTF is going on ????

Up and down like crazy
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,315
  • Oct 26, 2012 7:46am Oct 26, 2012 7:46am
I was doubt and my fingers are not fast enough to press Take Profit

then my long GU is in danger zone now

Quoting Martyfish
WTF is going on ????

Up and down like crazy
  • #6,316
  • Oct 26, 2012 7:53am Oct 26, 2012 7:53am
Who was it that was complaining of the lack of volatility
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,317
  • Oct 26, 2012 7:54am Oct 26, 2012 7:54am
Sorry to hear that fronrtline.

I had a lucky close

Quoting frontline141
I was doubt and my fingers are not fast enough to press Take Profit

then my long GU is in danger zone now
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,318
  • Oct 26, 2012 8:02am Oct 26, 2012 8:02am
Quoting Martyfish
Who was it that was complaining of the lack of volatility
  • #6,319
  • Oct 26, 2012 8:05am Oct 26, 2012 8:05am
Quoting frontline141
I was doubt and my fingers are not fast enough to press Take Profit

then my long GU is in danger zone now
Unfortunate, youve got a winning system though..there will be limitless opportunities to recoup.
  • #6,320
  • Oct 26, 2012 1:13pm Oct 26, 2012 1:13pm
in 2008, the world stock markets were crashing hence those crazy volatile weeks. since 2009 markets have been up with a few pull backs. are markets due for a sell off?? bet if it comes off hard again we will be smilling even wider! good post re volatility..








quote=Thoughts;6136128]Think these days are creeping back oli..[/quote]
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