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Genesis Matrix Trading

  • #8,081
  • Dec 6, 2012 1:45am Dec 6, 2012 1:45am
Quoting Ta Hui
Hello,
I just took this postion on AU and was wondering if it I misssed something.
I was aware that the DP was there and waited for the candle to close below it.
Is this the right way to treat this situation?
Yeah i think that's a reasonable trade......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,082
  • Dec 6, 2012 1:52am Dec 6, 2012 1:52am
Quoting realjumper
Yeah i think that's a reasonable trade......
Ok, thanks RJ.
I have been having trouble spotting good setups the last couple of weeks. I was not able to make head nor tail of the PA !
I have been trading only EU & EJ 5-15. Now I have added AU and was thinking of one other any ideas?
that would give me a total of 4 pairs which I think would be enough for me right now.
  • #8,083
  • Dec 6, 2012 1:54am Dec 6, 2012 1:54am
Quoting jinchu
RJ,
Thanks for the file,
I have update it to make ...
Very interesting .xls file.
If you trade 0,1 lot xxx/usd pairs 1 pip is 1$.

Why 1 pip value is set to 1,25$ not to 1,0$?
  • #8,084
  • Dec 6, 2012 2:03am Dec 6, 2012 2:03am
Quoting iwan73
Very interesting .xls file.
If you trade 0,1 lot xxx/usd pairs 1 pip is 1$.

Why 1 pip value is set to 1,25$ not to 1,0$?
Because the whole world does not trade in USD!! 0.1 lot is $1.25 to me, in NZD
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,085
  • Dec 6, 2012 2:05am Dec 6, 2012 2:05am
Quoting Ta Hui
Ok, thanks RJ.
I have been having trouble spotting good setups the last couple of weeks. I was not able to make head nor tail of the PA !
I have been trading only EU & EJ 5-15. Now I have added AU and was thinking of one other any ideas?
that would give me a total of 4 pairs which I think would be enough for me right now.
Well there are many choices....you have to decide which ones you want to trade.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,086
  • Dec 6, 2012 2:16am Dec 6, 2012 2:16am
Quoting realjumper
Well there are many choices....you have to decide which ones you want to trade.
Ok, sure. Thnx
  • #8,087
  • Dec 6, 2012 2:18am Dec 6, 2012 2:18am
Quoting realjumper
Yeah i think that's a reasonable trade......
Looks like London is reacting to the good Aussie employment data that came out earlier today....I'm on the sideline for the moment...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,088
  • Dec 6, 2012 2:19am Dec 6, 2012 2:19am
Quoting realjumper
Because the whole world does not trade in USD!! 0.1 lot is $1.25 to me, in NZD
I know everybody can trade in any currency. For example me. I trade in USD but my national currency is not USD.
And everybody knows that "$" mark means USD. Not NZ dollar, not Australian, Canadian dollar nor any dollar on the world.
Author of the file put "$" in it. It means that calculation is made for trading in USD currency. It is clear for me. So if he trade xxx/usd pairs 1 pip is 1$(USD).
Attached Image (click to enlarge)
Click to Enlarge Name: curr.GIF Size: 79 KB
  • #8,089
  • Dec 6, 2012 2:23am Dec 6, 2012 2:23am
Quoting iwan73
I know everybody can trade in any currency. For example me. I trade in USD but my national currency is not USD.
And everybody knows that "$" mark means USD. Not NZ dollar, not Australian, Canadian dollar nor any dollar on the world.
Author of the file put "$" in it. It means that calculation is made for trading in USD currency. It is clear for me. So if he trade xxx/usd pairs 1 pip is 1$(USD).
Umm....I am the author of the file, and I made it that way because my account is in NZD, ok?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,090
  • Dec 6, 2012 2:36am Dec 6, 2012 2:36am
Quoting iwan73
I know everybody can trade in any currency. For example me. I trade in USD but my national currency is not USD.
And everybody knows that "$" mark means USD. Not NZ dollar, not Australian, Canadian dollar nor any dollar on the world.
Author of the file put "$" in it. It means that calculation is made for trading in USD currency. It is clear for me. So if he trade xxx/usd pairs 1 pip is 1$(USD).
My reaction to your post is a picture ;-)

Think about this
Attached Image
  • #8,091
  • Dec 6, 2012 2:55am Dec 6, 2012 2:55am
Quoting realjumper
Looks like London is reacting to the good Aussie employment data that came out earlier today....I'm on the sideline for the moment...
Yes, sure did.
My AU trade closed @ -7pips
  • #8,092
  • Dec 6, 2012 2:59am Dec 6, 2012 2:59am
Quoting Ta Hui
Yes, sure did.
My AU trade closed @ -7pips
Yup......I got a BE on the Kiwi as it went up too. I'm all out for a while until the PA behaves itself!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,093
  • Dec 6, 2012 3:07am Dec 6, 2012 3:07am
Quoting Fame of me
My reaction to your post is a picture ;-)

Think about this
For me everything is clear, too.
  • #8,094
  • Dec 6, 2012 3:09am Dec 6, 2012 3:09am
Quoting Fame of me
My reaction to your post is a picture ;-)

Think about this
For me it is clear what $ means, too.
Attached Image
  • #8,095
  • Dec 6, 2012 3:11am Dec 6, 2012 3:11am
Quoting iwan73
For me it is clear what $ means, too.
I give up, lol.
  • #8,096
  • Dec 6, 2012 3:24am Dec 6, 2012 3:24am
Quoting iwan73
For me it is clear what $ means, too.
Listen....I wrote the file....and I wrote it to suit MY account which is in NZD......and I wrote for a friend who's account is also in NZD.

I shared it here to make a point about the virtues of compounding profits.
Attached Image (click to enlarge)
Click to Enlarge Name: pip.jpg Size: 182 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,097
  • Dec 6, 2012 3:53am Dec 6, 2012 3:53am
Quoting realjumper
Listen....I wrote the file....and I wrote it to suit MY account which is in NZD......and I wrote for a friend who's account is also in NZD.

I shared it here to make a point about the virtues of compounding profits.
OK. It was not my intention to begun argue. It is clear to me if your account is in NZD so 1 pip is 1,25.
I didnt know that you are author of the file and i didnt know that you trade on NZD account.
When i saw "$" on the file i thought about USD not NZD. Thats why "1pip=1,25$" was unlogic for me.

I hope that everything is clear now and you understand what made me to start this discusion.
I would like to thank you for your effort and work to make this file.
I found your file very usefull and i modified it for USD currency because i trade on USD account.

Happy trading.
  • #8,098
  • Dec 6, 2012 3:56am Dec 6, 2012 3:56am
Quoting iwan73
OK. It was not my intention to begun argue. It is clear to me if your account is in NZD so 1 pip is 1,25.
I didnt know that you are author of the file and i didnt know that you trade on NZD account.
When i saw "$" on the file i thought about USD not NZD. Thats why "1pip=1,25$" was unlogic for me.

I hope that everything is clear now and you understand what made me to start this discusion.
I would like to thank you for your effort and work to make this file.
I found your file very usefull and i modified it for USD currency because i...
No problem
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,099
  • Dec 6, 2012 4:27am Dec 6, 2012 4:27am
EU M5 divergence.....fwiw
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 131 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,100
  • Dec 6, 2012 5:03am Dec 6, 2012 5:03am
Quoting realjumper
EU M5 divergence.....fwiw
That didn't come to anything......it looked tempting on the M5, but the M15 painted a different picture
Doing what you like is Freedom. Liking what you do is Happiness.
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