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Genesis Matrix Trading

  • #7,301
  • Nov 13, 2012 5:24am Nov 13, 2012 5:24am
Quoting vamtop
The first two long trade had not enough room before the S1 at 1.2689, then you shorted when the matrix signal appeared 7 candles before. Pay attention to the DP,S R and big round number, I trade 10 pips before to allowe me the opportunity to put the the SL at the BE if the level is touched.
Please post chart that comply with genesis.
Yes....and that first trade was taken in about the quietest time of the Asian session....well before Frankie was even having breakfast.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,302
  • Nov 13, 2012 5:29am Nov 13, 2012 5:29am
I prefer to stay out during this market moods...
  • #7,303
  • Nov 13, 2012 5:29am Nov 13, 2012 5:29am
Short entry. SL was put 2 pips above pivot not above last swing high. My mistake, my loss. Lesson learned.
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  • #7,304
  • Nov 13, 2012 5:31am Nov 13, 2012 5:31am
Quoting nikz
I prefer to stay out during this market moods...
Very wise
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,305
  • Nov 13, 2012 5:44am Nov 13, 2012 5:44am
Another thing about the importance of setting a SL.
My daughter came home from school and fell asleep on the sofa.
She woke up and was crying because she didn't feel well.
At that time, my focus was fully on my daughter and so I took care of her.
My SL was hit while I was taking care of her. If I hadn't a SL in place I would have returned to the computer and seen a much higher loss.
Please Do Not PM Me With Coding Enquiries
  • #7,306
  • Nov 13, 2012 5:47am Nov 13, 2012 5:47am
All day to get down to 2660 from 2700........a few minutes to get back above 2700 again
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,307
  • Nov 13, 2012 5:47am Nov 13, 2012 5:47am
Talking about SL...

Greece got the money... so a spike up in EURUSD !
There`s no life before COFFEE!
  • #7,308
  • Nov 13, 2012 5:52am Nov 13, 2012 5:52am
Quoting jalkok
Talking about SL...

Greece got the money... so a spike up in EURUSD !
Yeah.....silly isn't it? Greece gets 44 billion and we get a spike up in the Euro, but nothing has changed for the EZ.....they are all still in the same deep shit that they were in half an hour ago.....LOL
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,309
  • Nov 13, 2012 5:59am Nov 13, 2012 5:59am
What do u guys think about this setup? LONG silver?

Thanks,

Ricky
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  • #7,310
  • Nov 13, 2012 6:13am Nov 13, 2012 6:13am
Quoting llrickkll
What do u guys think about this setup? LONG silver?

Thanks,

Ricky
Hey Ricky: R1 & yesterday's highs only 5/15 pips away from the current 32.64 level + the M30 entry was 2+ hours & 30 pips ago at 32.34.
Strong uptrend so I'd switch to either the M1 or M5 chart and look for a re-entry Long if you get a good signal far away from the above resistance to give you a decent RRR. A successful retest of the DP at 32.44 would ideal for that.
PS: you really want Pivots on your charts if you're trading Silver
  • #7,311
  • Nov 13, 2012 6:13am Nov 13, 2012 6:13am
Quoting realjumper
Correct me if I'm wrong, but I think that EA type system sets the SL and TP locally, and not on the brokers server. So if the user has a power cut or Internet drop or even a windows crash....then they are exposed with no protection on their trade. With FXCM, the SL is not on the local machine, it is on the FXCM trading server.
I didnt correct this ages ago when Minako said. I figured if anyone really bothered to use it they'd find out for themselves. Most order manager EAs I've seen and used have the option to hide SLs from the broker but use broker server-side SLs as default. Using a SL cant be over-emphasized, dont go naked into the markets.

Ps. who caused the EU spike on this thread??
  • #7,312
  • Nov 13, 2012 6:26am Nov 13, 2012 6:26am
Quoting Thoughts
Ps. who caused the EU spike on this thread??
RJ went Long 200 lots at the last genesis M5 signal at 2683
  • #7,313
  • Nov 13, 2012 6:27am Nov 13, 2012 6:27am
Quoting olivierforex
Hey Ricky: R1 & yesterday's highs only 5/15 pips away from the current 32.64 level + the M30 entry was 2+ hours & 30 pips ago at 32.34.
Strong uptrend so I'd switch to either the M1 or M5 chart and look for a re-entry Long if you get a good signal far away from the above resistance to give you a decent RRR. A successful retest of the DP at 32.44 would ideal for that.
PS: you really want Pivots on your charts if you're trading Silver
I entered at 32.41... and holding it still now

What do you mean in pivots? Elaborate pls.

Thanks
  • #7,314
  • Nov 13, 2012 6:34am Nov 13, 2012 6:34am
Quoting rotmos
I don't know if anybody out there has experienced Genesis Matrix making there system to slow or sometimes not responding especially when you change from one TF to anther. What can be the solution.
Wading in late as usual, but it might be worth checking that you have all the indicators that the template requires. I have heard that if one is not present, when the template wants it, or another indicator wants it, then it can slow down.

Not sure if you get meaningful errors in the terminal window when this happens.
  • #7,315
  • Nov 13, 2012 6:38am Nov 13, 2012 6:38am
Quoting olivierforex
RJ went Long 200 lots at the last genesis M5 signal at 2683
Watch out......I might short 400 lots soon!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,316
  • Nov 13, 2012 6:42am Nov 13, 2012 6:42am
Quoting olivierforex
RJ went Long 200 lots at the last genesis M5 signal at 2683
lol..Oli I think we should forget TA, forget the system, and just get RJ to move the market more often..
  • #7,317
  • Nov 13, 2012 6:44am Nov 13, 2012 6:44am
Quoting realjumper
Watch out......I might short 400 lots soon!
Hold on till I'm out all my longs
  • #7,318
  • Nov 13, 2012 7:08am Nov 13, 2012 7:08am
Quoting Thoughts
Hold on till I'm out all my longs
40,000,000.00 probably would not move the market even half a pip I am guessing?
  • #7,319
  • Edited 7:37am Nov 13, 2012 7:12am | Edited 7:37am
Quoting realjumper
There are no HP trades on EU........just look at an M15 charts and you can see that.
I took this EU short also, and cut it short just before it hit my SL.

Why was this not a HPT? I see:

 

  1. M5 and M15 stochs pointing down
  2. matrix all red
  3. broken the BRN
  4. downtrend
  5. opened under MA

The only warning (that I missed) is the previous bounce off the "low" line, though this is not part of the core genesis stuff,

On M15, I don't see anything to keep me out. Enlighten?

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  • #7,320
  • Nov 13, 2012 7:17am Nov 13, 2012 7:17am
We were taking earlier about divergence and time frames etc. Here is the H4 chart. Not saying that the trend is about to reverse or anything, because I have no idea, but it's something to keep an eye on....fwiw
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Doing what you like is Freedom. Liking what you do is Happiness.
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