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Genesis Matrix Trading

  • #7,461
  • Nov 15, 2012 2:26am Nov 15, 2012 2:26am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
http://www.forexfactory.com/showthread.php?t=381999

Sorry try this link
  • #7,462
  • Nov 15, 2012 2:28am Nov 15, 2012 2:28am
Quoting Ta Hui
Ah Ha ! I thought i may have over looked something.

Thanks for your clear feedback RJ.
The difference between today and yesterday on this pair is that yesterday was a long, slow, relentless climb up north, so it was fairly safe to go down to M1 and look for a pullback on which to enter. But, with today's climb, it has been dramatic.....like a bull in a china shop!!....It has climbed about 90 pips in just 2 hours.

I could be wrong of course, but I am very cautious about attempting further longs on this pair unless we get a decent pullback.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,463
  • Nov 15, 2012 2:37am Nov 15, 2012 2:37am
Quoting realjumper
For me, I think that you have bought at or near the top......there *may* not be much more life in this bull run. ATR has already been exceeded so I'm cautious about further longs. Of course the price can go up another 100 pips......but I'm cautious about trying any longs at the moment on this pair
could you plz explain about atr projection.. rj i have now lft atr projection and in ej it has crossed the low 1 and now what we have to see... the price if truns would go to low 1 or if high would .. go up..
mainly how to read atr....
  • #7,464
  • Nov 15, 2012 2:37am Nov 15, 2012 2:37am
Quoting realjumper
The difference between today and yesterday on this pair is that yesterday was a long, slow, relentless climb up north, so it was fairly safe to go down to M1 and look for a pullback on which to enter. But, with today's climb, it has been dramatic.....like a bull in a china shop!!....It has climbed about 90 pips in just 2 hours.

I could be wrong of course, but I am very cautious about attempting further longs on this pair unless we get a decent pullback.

Ok, i understand what you are saying.
It's true the PA moved much faster this moing than yesterday.
BTW i am at BE now.
  • #7,465
  • Nov 15, 2012 2:38am Nov 15, 2012 2:38am
GMTS-Matrix, thanx Jamz

Quoting Jamz
http://www.forexfactory.com/showthread.php?t=381999

Sorry try this link
  • #7,466
  • Nov 15, 2012 2:45am Nov 15, 2012 2:45am
Quoting angel_forex
could you plz explain about atr projection.. rj i have now lft atr projection and in ej it has crossed the low 1 and now what we have to see... the price if truns would go to low 1 or if high would .. go up..
mainly how to read atr....
There is a link on Post #1 that explains ATR
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,467
  • Nov 15, 2012 3:13am Nov 15, 2012 3:13am
I am long in EU with +10 now. Is it safe to wait till R1? Any one else took this trade?
  • #7,468
  • Nov 15, 2012 3:15am Nov 15, 2012 3:15am
Quoting angel_forex
could you plz explain about atr projection.. rj i have now lft atr projection and in ej it has crossed the low 1 and now what we have to see... the price if truns would go to low 1 or if high would .. go up..
mainly how to read atr....
Here is a YouTube video explaining the ATR principles in more details (it's a bit long but worth the 10 minutes of your time).
Also, when you set LFL-ATR on your chart, if you only see 1 line at the top and 1 at the bottom, look in the 'input' tab as you might need to change one of the colours depending on the background colour of your charts (there should be 2 lines at the top and 2 at the bottom - 1 = 80% ATR, 2 = 100% ATR).
Inserted Video
  • #7,469
  • Nov 15, 2012 3:24am Nov 15, 2012 3:24am
Quoting insainty
I am long in EU with +10 now. Is it safe to wait till R1? Any one else took this trade?
Safe to wait for R1?.......if we had the answer to that question!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,470
  • Nov 15, 2012 3:31am Nov 15, 2012 3:31am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
insainty I am long in EU with +10 now. Is it safe to wait till R1? Any one else took this trade?

For half your pips I will tell you........
  • #7,471
  • Nov 15, 2012 3:31am Nov 15, 2012 3:31am
Quoting insainty
I am long in EU with +10 now. Is it safe to wait till R1? Any one else took this trade?
Weekly pivot at 2758. If we break that, R1 is next on the hit list.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #7,472
  • Nov 15, 2012 3:39am Nov 15, 2012 3:39am
Quoting Ta Hui
Ok, i understand what you are saying.
It's true the PA moved much faster this moing than yesterday.
BTW i am at BE now.
Your EJ trade went well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,473
  • Nov 15, 2012 3:40am Nov 15, 2012 3:40am
Quoting insainty
I am long in EU with +10 now. Is it safe to wait till R1? Any one else took this trade?
Well done......nice trade
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,474
  • Nov 15, 2012 3:42am Nov 15, 2012 3:42am
Quoting realjumper
Well done......nice trade
Yep
  • #7,475
  • Nov 15, 2012 3:44am Nov 15, 2012 3:44am
Quoting insainty
Yep
Lol I also took the trade but was not sure which way it was going to go.

Just the spread is kill me.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.PNG Size: 43 KB
  • #7,476
  • Nov 15, 2012 3:48am Nov 15, 2012 3:48am
Entered AUDUSD short. Everything looks good to me. Any one else with me?
  • #7,477
  • Nov 15, 2012 3:50am Nov 15, 2012 3:50am
Quoting insainty
Entered AUDUSD short. Everything looks good to me. Any one else with me?
yes
Attached Image (click to enlarge)
Click to Enlarge Name: audusdshort.jpg Size: 145 KB
  • #7,478
  • Nov 15, 2012 3:52am Nov 15, 2012 3:52am
Quoting Ati_82
yes
Great tp at S1 right?
  • #7,479
  • Nov 15, 2012 3:54am Nov 15, 2012 3:54am
Quoting insainty
Entered AUDUSD short. Everything looks good to me. Any one else with me?
I've been babysitting the AU short since it began earlier today......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,480
  • Nov 15, 2012 3:55am Nov 15, 2012 3:55am
Quoting insainty
Great tp at S1 right?
Yes, will cover half position if we get there. Not so sure about other half as I see some potential for further weakness.
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