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Genesis Matrix Trading

  • #6,401
  • Oct 29, 2012 11:00pm Oct 29, 2012 11:00pm
Quoting bobby2
What was that sudden spike on the Euro pairs all about? Nothing in the news. Cost me 10 pips Oh well. Onward.
It's all to do with the BOJ and the call rate.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,402
  • Oct 29, 2012 11:01pm Oct 29, 2012 11:01pm
Quoting realjumper
I hope no one is in any of the Yen cross trades at the moment.....it's swinging wildly at the moment, and will probably continue to do so until after the BOJ press conference.....
Gotta love that 88 pip candle on EJ, with a nice pop up to take out the stops. Just watching the show here.
Follow the money --Mark Felt (Deepthroat)
  • #6,403
  • Oct 29, 2012 11:07pm Oct 29, 2012 11:07pm
Quoting longfellow
Gotta love that 88 pip candle on EJ, with a nice pop up to take out the stops. Just watching the show here.
Yeah.....that's what's so irritating about the BOJ announcements....they always mark their announcements as 'Tentative'......iow.....sometime in the next few hours. It makes trading very difficult.

We also have Draghi yappin in a couple of hours too......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,404
  • Oct 29, 2012 11:11pm Oct 29, 2012 11:11pm
Quoting longfellow
Gotta love that 88 pip candle on EJ, with a nice pop up to take out the stops. Just watching the show here.
+25pips for me...TP 102.75 being hit ...pips are pips
Really BOJ? what did i do?wheww..

Before Frankie&London i only pay attention to EURJPY&AUD
i worshipped... Momentum
  • #6,405
  • Oct 29, 2012 11:11pm Oct 29, 2012 11:11pm
Quoting realjumper
It's all to do with the BOJ and the call rate.......
I don't understand RJ. Why would yen news affect Euro pairs not alligned with the yen?
  • #6,406
  • Oct 29, 2012 11:11pm Oct 29, 2012 11:11pm
Quoting realjumper
Yeah.....that's what's so irritating about the BOJ announcements....they always mark their announcements as 'Tentative'......iow.....sometime in the next few hours. It makes trading very difficult.

We also have Draghi yappin in a couple of hours too......
Took the money this morning.

Have been on the sidelines since, and by the looks for a fair while to come.
  • #6,407
  • Oct 29, 2012 11:14pm Oct 29, 2012 11:14pm
Quoting rockrobb
+25pips for me...TP 102.75 being hit ...pips are pips
Really BOJ? what did i do?wheww..

Before Frankie&London i only pay attention to EURJPY&AUD
I hate you. After seeing what happened after the initial spike I should probably be grateful it was only 10 pips. Though I find it difficult to be grateful after getting caught in a crossfire with my pants down
  • #6,408
  • Oct 29, 2012 11:30pm Oct 29, 2012 11:30pm
Quoting bobby2
I don't understand RJ. Why would yen news affect Euro pairs not alligned with the yen?
Oli explained it a while back, but in a nutshell.....japan is the 3rd largest economy, major trading partner of USA and is perceived as a safe haven currency in these trouble times of EU crisis and USA debt etc etc. Of course the Japan debt is huge too.....but it's current account is even more huge.

Speculators were looking for more from BOJ in the way of monetary easing.....iow devaluation attempts.....when they didn't get it, speculators think that their Yen investment is safe and they may as well buy more Yen because BOJ is not taking any real action to devalue. It's all to do with perceived risk.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,409
  • Oct 29, 2012 11:38pm Oct 29, 2012 11:38pm
You see....now BOJ has put their 'Tentative' press statement back another hour.....lol!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,410
  • Oct 29, 2012 11:46pm Oct 29, 2012 11:46pm
Quoting bobby2
I hate you. After seeing what happened after the initial spike I should probably be grateful it was only 10 pips. Though I find it difficult to be grateful after getting caught in a crossfire with my pants down
Luck is on my side but Stochs&Genesis were with me also
i worshipped... Momentum
  • #6,411
  • Oct 30, 2012 12:08am Oct 30, 2012 12:08am
Long USDJPY @79.45.. Add scale in on M5+ setups..
initial 50 pips stop..

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY M1 capture-20121030-070151.png Size: 58 KB
  • #6,412
  • Oct 30, 2012 12:36am Oct 30, 2012 12:36am
Quoting cdndollar
Long USDJPY @79.45.. Add scale in on M5+ setups..
initial 50 pips stop..

Attachment
I think that you are brave with the way the yen is moving at the moment. I'm staying out of the market altogether for now, didn't like the movement yesterday and definitely not liking it today so far.
Seems strange to be using a 50 pip stop on the M1 charts. Is that normal for you?

I don't think that you have adjusted the London Open time on your charts. I think that it hasn't opened yet, open in another 24 minutes?
Please Do Not PM Me With Coding Enquiries
  • #6,413
  • Oct 30, 2012 12:49am Oct 30, 2012 12:49am
Quoting Gumrai
I think that you are brave with the way the yen is moving at the moment. I'm staying out of the market altogether for now, didn't like the movement yesterday and definitely not liking it today so far.
Seems strange to be using a 50 pip stop on the M1 charts. Is that normal for you?

I don't think that you have adjusted the London Open time on your charts. I think that it hasn't opened yet, open in another 24 minutes?
Yeah....London opens in about 10 minutes from now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,414
  • Oct 30, 2012 12:55am Oct 30, 2012 12:55am
Quoting Gumrai
I think that you are brave with the way the yen is moving at the moment. I'm staying out of the market altogether for now, didn't like the movement yesterday and definitely not liking it today so far.
Seems strange to be using a 50 pip stop on the M1 charts. Is that normal for you?

I don't think that you have adjusted the London Open time on your charts. I think that it hasn't opened yet, open in another 24 minutes?
Thanks for the heads up on London Open..
I am trading mostly HTF setups.. in this case I am Buying on Dips @ the LTF's
Risking 50 pips for 2+ figures HTF pay-out..

USDJPY W1:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY W1 capture-20121030-074254.png Size: 63 KB
  • #6,415
  • Oct 30, 2012 12:58am Oct 30, 2012 12:58am
Quoting cdndollar
Thanks for the heads up on London Open..
I am trading mostly HTF setups.. in this case I am Buying on Dips @ the LTF's
Risking 50 pips for 2+ figures HTF pay-out..

USDJPY W1:
Attachment
I don't pay too much mind to the BOJ or their rhetoric, but the word is that next week we might some real movement north in the UJ pair. It's just talk though, and BOJ is great at that, so take it with a pinch of salt!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,416
  • Oct 30, 2012 1:08am Oct 30, 2012 1:08am
Quoting realjumper
I don't pay too much mind to the BOJ or their rhetoric, but the word is that next week we might some real movement north in the UJ pair. It's just talk though, and BOJ is great at that, so take it with a pinch of salt!
Thanks RJ..
Never paid much attention to market chatters.. There's better odds in trading what you see (as in the Genesis setups) plus some complementary tricks of the trade analytics..
  • #6,417
  • Oct 30, 2012 1:08am Oct 30, 2012 1:08am
up 33p and still going north
Attached Image (click to enlarge)
Click to Enlarge Name: trenddisplay.gif Size: 18 KB
There`s no life before COFFEE!
  • #6,418
  • Oct 30, 2012 1:20am Oct 30, 2012 1:20am
Quoting cdndollar
Thanks RJ..
Never paid much attention to market chatters.. There's better odds in trading what you see (as in the Genesis setups) plus some complementary tricks of the trade analytics..
Oh yes....I agree 100%. In fact, if I had a dollar for every time the BOJ make statements that they are 'ready to take bold action in the FX market...etc etc'....I could give up trading and retire!!! "D
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,419
  • Oct 30, 2012 1:21am Oct 30, 2012 1:21am
Quoting jalkok
up 33p and still going north
Good catch jalkok....lock some profits in and enjoy
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,420
  • Oct 30, 2012 1:22am Oct 30, 2012 1:22am
Quoting cdndollar
Thanks for the heads up on London Open..
I am trading mostly HTF setups.. in this case I am Buying on Dips @ the LTF's
Risking 50 pips for 2+ figures HTF pay-out..

USDJPY W1:
Attachment
"Risking 50 pips for 2+ figures HTF pay-out.."
Sorry, I have no idea what this means

Do you usually trade from weekly charts using M1 for entries?
Just seems a bit strange to me, especially with USDJPY as it tends to spend months moving sideways.
I must admit that I do not normally trade this pair because of the usual lack of volatility, but if it works for you, that's great.
Please Do Not PM Me With Coding Enquiries
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