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Genesis Matrix Trading

  • #6,941
  • Nov 6, 2012 10:38pm Nov 6, 2012 10:38pm
Do we look for re-entries now??
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  • #6,942
  • Nov 6, 2012 10:42pm Nov 6, 2012 10:42pm
Quoting PipMonster1
Do we look for re-entries now??
Frankie will be online in 20 minutes....I will wait and see how it reacts to the election result....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,943
  • Nov 6, 2012 10:44pm Nov 6, 2012 10:44pm
Quoting PipMonster1
Do we look for re-entries now??
You can, but PA has been stalling for the last 2 hours, market has no direction, stoch is confused and didn't go below 20.
Please Do Not PM Me With Coding Enquiries
  • #6,944
  • Nov 6, 2012 10:45pm Nov 6, 2012 10:45pm
Quoting realjumper
Frankie will be online in 20 minutes....I will wait and see how it reacts to the election result....
Yes by all means wait...........

RJ would yo look for a entry or re-entry here assuming the market opening times didn't impact?
  • #6,945
  • Nov 6, 2012 10:47pm Nov 6, 2012 10:47pm
Quoting Gumrai
You can, but PA has been stalling for the last 2 hours, market has no direction, stoch is confused and didn't go below 20.
You are correct Gumrai - just need to ask the question of re-entries in the direction of the trend. Yes, the m5 stox didn't "reset" and the M15 stox is high - showing continued strength.

Just wondering what you guys are thinking??
  • #6,946
  • Nov 6, 2012 10:49pm Nov 6, 2012 10:49pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
eurusd with a daily average range of just over 100 pips has already done 93 and is above R2 so although other things look good I would not be tempted by that trade as a BUY......imho.......
  • #6,947
  • Nov 6, 2012 10:52pm Nov 6, 2012 10:52pm
Quoting PipMonster1
Yes by all means wait...........

RJ would yo look for a entry or re-entry here assuming the market opening times didn't impact?
I'd be cautious because the market has moved 92 pips today on pure speculation. ATR was 72 so I would really want to see stoch perfectly positioned and everything else looking great before I thought about a long entry. We are only 30 pips away from 2900 which has proved itself to be quite strong s/r since about mid Sept.

I would still enter long but it needs to be a good reason given all of the above...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,948
  • Nov 6, 2012 10:53pm Nov 6, 2012 10:53pm
Quoting Jamz
eurusd with a daily average range of just over 100 pips has already done 93 and is above R2 so although other things look good I would not be tempted by that trade as a BUY......imho.......

Fair enough. Soooo, we're looking at shorts only??
  • #6,949
  • Nov 6, 2012 10:55pm Nov 6, 2012 10:55pm
Quoting realjumper
I'd be cautious because the market has moved 92 pips today on pure speculation. ATR was 72 so I would really want to see stoch perfectly positioned and everything else looking great before I thought about a long entry. We are only 30 pips away from 2900 which has proved itself to be quite strong s/r since about mid Sept.

I would still enter long but it needs to be a good reason given all of the above...
Yes OK. So in this instance a reset of the M5/M15 stox to near 20 etc etc would be a HPT - which is what we all seek!
  • #6,950
  • Nov 6, 2012 10:55pm Nov 6, 2012 10:55pm
Quoting PipMonster1
You are correct Gumrai - just need to ask the question of re-entries in the direction of the trend. Yes, the m5 stox didn't "reset" and the M15 stox is high - showing continued strength.

Just wondering what you guys are thinking??
Personally, I will wait for a break out from the box on my chart and make my decision then.
That's IMHO.
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Please Do Not PM Me With Coding Enquiries
  • #6,951
  • Nov 6, 2012 10:56pm Nov 6, 2012 10:56pm
Quoting PipMonster1
Fair enough. Soooo, we're looking at shorts only??
You can't be asking those sorts of questions....it's up to you how you trade. You have been given all the tools and knowledge to do the job....don't put the onus on someone else.....it's you account and your money!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,952
  • Nov 6, 2012 11:01pm Nov 6, 2012 11:01pm
Quoting realjumper
You can't be asking those sorts of questions....it's up to you how you trade. You have been given all the tools and knowledge to do the job....don't put the onus on someone else.....it's you account and your money!!
Totally correct!! Just trying to get into your heads to see/ask what, from your collective experience, seems the logical play from here.

For me I won't take a trade LONG from here because (to me) it isn't a HPT. I WANT a M5/M15 reset!! If it doesn't reset I'm not trading it. Yes I'm going to pass on a lot of trades but I WANT ALL THE ODDS IN MY FAVOUR BEFORE I COMMIT MY HARD EARNED CASH!!!!

Right now stox are saying sell EU after the sideways action....................
  • #6,953
  • Nov 6, 2012 11:03pm Nov 6, 2012 11:03pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Yes, price knows no "I am too high" or "I am too low" it will break all the rules you make. Trade your account to the Genesis Matrix but select copybook setups. Umm, not really like me to suggest PATIENCE but as I have to constantly remind myself I thought I'd mention it again.....
  • #6,954
  • Nov 6, 2012 11:06pm Nov 6, 2012 11:06pm
Interesting movements during the asian session...

For those of you that are curious about the moves:

"The projected re-election of President Obama caused a sharp sell-off of the dollar across the board. Gold rebounded reaching highs over $1725.00 and U.S. treasury yields got hit. When the dust settles we still have our fiscal cliff to deal with, Greece has there problems, Spain still doesn’t know what to do, and we have another storm heading our way."

Source: http://www.forexlive.com/blog/2012/1...-dollar-loses/
  • #6,955
  • Nov 6, 2012 11:08pm Nov 6, 2012 11:08pm
Quoting Jamz
Yes, price knows no "I am too high" or "I am too low" it will break all the rules you make. Trade your account to the Genesis Matrix but select copybook setups. Umm, not really like me to suggest PATIENCE but as I have to constantly remind myself I thought I'd mention it again.....
Patience wasn't my strong point either....I now have a checklist in front of me that asks all the pertinent questions before I place a trade. The last question is the show stopper - IS THIS A HPT ?? IF NOT DON"T TRADE!! This has helped my patience and changed my matrix trading for the better.
  • #6,956
  • Nov 7, 2012 12:12am Nov 7, 2012 12:12am
Quoting Jamz
I'm learning how to relax when trading by going gardening after stoploss is at BE instead of annoying the charts with nervous decisions. I don't care why the currencies decided to move either.....
There is so much said that is correct about the right way to trade (at least in my view) in those view words that if I could give you a Gold medal ... I would.
  • #6,957
  • Nov 7, 2012 12:16am Nov 7, 2012 12:16am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
My first gold medal!!!! Yay!!
  • #6,958
  • Nov 7, 2012 12:17am Nov 7, 2012 12:17am
Quoting insainty
I am going to stay away from the market today due to election results. EU also went up 50 pips during asia session and i am seeing faster movements than usual.
EDIT now it went up 70 pips. Highly unusual.
Maybe, as it has been hinted by others already, we are slowly moving back into a high volatility environment like we had in 2008?
300-400-500 pips/day in EU anyone?
  • #6,959
  • Nov 7, 2012 12:21am Nov 7, 2012 12:21am
Quoting olivierforex
Maybe, as it has been hinted by others already, we are slowly moving back into a high volatility environment like we had in 2008?
300-400-500 pips/day in EU anyone?
Would be great for a change.

PA has been absolute rubbish.
  • #6,960
  • Nov 7, 2012 12:23am Nov 7, 2012 12:23am
Quoting olivierforex
Maybe, as it has been hinted by others already, we are slowly moving back into a high volatility environment like we had in 2008?
300-400-500 pips/day in EU anyone?
I guess I could put up with that!
Doing what you like is Freedom. Liking what you do is Happiness.
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