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Genesis Matrix Trading

  • #8,121
  • Dec 7, 2012 2:43am Dec 7, 2012 2:43am
Quoting jono717
Okay my bad saw that now.
The perfect entry for CJ was quite a while before Frankie opened....but some of you would have been sleeping then
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,122
  • Dec 7, 2012 2:47am Dec 7, 2012 2:47am
How many pips did people get on the AU trade?
  • #8,123
  • Dec 7, 2012 2:51am Dec 7, 2012 2:51am
Dear RJ

If say 5min before the announcement -later today- of NFP data, you receive a new valid M5 genesis signal,
are you going to take it or skip it?
How do you generally handle such kind of announcements?
Enter Signature
  • #8,124
  • Dec 7, 2012 2:58am Dec 7, 2012 2:58am
Quoting thomasK
Dear RJ

If say 5min before the announcement -later today- of NFP data, you receive a new valid M5 genesis signal,
are you going to take it or skip it?
How do you generally handle such kind of announcements?
I would skip it....because....it's not unusual to see swings of 50pips up and 50 pips down to clear out any stop losses before the PA settles on a direction. It doesn't always do that, but very often it does. I stay out of NFP completely. When 5 minutes has elapsed, I look again to see if there are any opportunities.

People tend to get all excited about NFP, but it's a dangerous game to play.....for the sake of (maybe) 60-100 pips. To me it's not worth it.....too risky. If it goes the way you would chosen you might cry....if it goes the other way you might be happy you stayed out. It's better to be 'out' wishing 'in', than it is to be 'in' wishing 'out'.......true?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,125
  • Dec 7, 2012 3:11am Dec 7, 2012 3:11am
Hi RJ, the spreadsheet shows that the value of 1 pip is 1.25$ using 0.10 lot because your account is in NZD, and at the end of a year you achived 146k.....but if we trade with a USD account the value of 1 pip is 1 dollar...so, in 1 year I would achived 50k or am I wrong?

sorry but I cant modify the numbers on excell
  • #8,126
  • Dec 7, 2012 3:27am Dec 7, 2012 3:27am
Quoting Paludo
Hi RJ, the spreadsheet shows that the value of 1 pip is 1.25$ using 0.10 lot because your account is in NZD, and at the end of a year you achived 146k.....but if we trade with a USD account the value of 1 pip is 1 dollar...so, in 1 year I would achived 50k or am I wrong?

sorry but I cant modify the numbers on excell
Yes, you're wrong. Get someone to modify it for you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,127
  • Dec 7, 2012 3:39am Dec 7, 2012 3:39am
Quoting Paludo
Hi RJ, the spreadsheet shows that the value of 1 pip is 1.25$ using 0.10 lot because your account is in NZD, and at the end of a year you achived 146k.....but if we trade with a USD account the value of 1 pip is 1 dollar...so, in 1 year I would achived 50k or am I wrong?

sorry but I cant modify the numbers on excell
When you can open exel then you able to change the value from 12.5 to 10
But, you know, i have a good day.
Here we go.
Attached File(s)
File Type: xls do-able US Dollar.xls   12 KB | 530 downloads
  • #8,128
  • Dec 7, 2012 5:25am Dec 7, 2012 5:25am
Quoting realjumper
I would skip it....because....it's not unusual to see swings of 50pips up and 50 pips down to clear out any stop losses before the PA settles on a direction. It doesn't always do that, but very often it does. I stay out of NFP completely. When 5 minutes has elapsed, I look again to see if there are any opportunities.

People tend to get all excited about NFP, but it's a dangerous game to play.....for the sake of (maybe) 60-100 pips. To me it's not worth it.....too risky. If it goes the way you would chosen you might cry....if it goes the other...
Agree, particularly this NFP report, as there are a lot of confusing aspects to the numbers.

Particularly Sandy and seasonal factors, as well as the last report (pre-election) was extremely bullish.

So NFP numbers may very well be very confusing
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #8,129
  • Dec 7, 2012 5:36am Dec 7, 2012 5:36am
Quoting Martyfish
Agree, particularly this NFP report, as there are a lot of confusing aspects to the numbers.

Particularly Sandy and seasonal factors, as well as the last report (pre-election) was extremely bullish.

So NFP numbers may very well be very confusing
Yeah.....might be entertaining, but I don't want to be involved in it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,130
  • Dec 7, 2012 5:37am Dec 7, 2012 5:37am
Wow, EJ 55 pip M5 candle
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #8,131
  • Dec 7, 2012 5:38am Dec 7, 2012 5:38am
Yen had it's normal extreme reaction....lol.....but the others weren't too excited yet about some pretty good USA numbers.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,132
  • Dec 7, 2012 6:14am Dec 7, 2012 6:14am
Quoting realjumper
Yen had it's normal extreme reaction....lol.....but the others weren't too excited yet about some pretty good USA numbers.....
maybe because of the tsunami?
http://www.bbc.co.uk/news/world-asia-20638696
Failure leads to Success if one learns from mistakes and never give up
  • #8,133
  • Dec 7, 2012 6:23am Dec 7, 2012 6:23am
Quoting jinchu
maybe because of the tsunami?
http://www.bbc.co.uk/news/world-asia-20638696
There was no tsunami triggered by the quake, a warning was issued but was cancelled mid morning local time.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #8,134
  • Dec 7, 2012 6:32am Dec 7, 2012 6:32am
Quoting scarlet pipe
There was no tsunami triggered by the quake, a warning was issued but was cancelled mid morning local time.
Well, It did trigger a small tsunami:
A 7.3 magnitude quake has struck off Japan's eastern coast, triggering a small tsunami and sparking evacuations.
A one-metre wave hit Ishinomaki in Miyagi Prefecture and many people heeded calls to move to higher ground before all alerts were later lifted.


and it definitely triggered scare
Failure leads to Success if one learns from mistakes and never give up
  • #8,135
  • Dec 7, 2012 7:45am Dec 7, 2012 7:45am
Quoting jinchu
Well, It did trigger a small tsunami:
A 7.3 magnitude quake has struck off Japan's eastern coast, triggering a small tsunami and sparking evacuations.
A one-metre wave hit Ishinomaki in Miyagi Prefecture and many people heeded calls to move to higher ground before all alerts were later lifted.


and it definitely triggered scare
Yes, I'm sure it did scare the people of the region given the terrible aftermath of the last one.

Thankfully it was of no consequence this time and no lives were lost.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #8,136
  • Dec 7, 2012 2:44pm Dec 7, 2012 2:44pm
Quoting jinchu
maybe because of the tsunami?
http://www.bbc.co.uk/news/world-asia-20638696
No, the Yen always has extreme and instant reaction to good and bad USA news....it's the 3rd largest economy and is a so called 'safe' currency, so when there is bad USA news, investors rush to the Yen.....and vice versa of course. It's a bit comical to watch actually.

We had a nice little 5.8 earthquake this morning to wake us up too.......this side of the planet is having a shake, rattle and roll!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,137
  • Dec 7, 2012 8:32pm Dec 7, 2012 8:32pm
I don't have a lot of time to trade during the day so I like to use the 4HRTF chart and MTF Stochastic indicator showing both the 4Hr stoch and the daily stoch. However, when looking at the two stochs on the 4 hour chart I noticed that the daily stoch looks absolutely nothing like the real daily stoch if I actually look at the daily chart instead of the 4 hour chart. Is there an input I'm missing or is there another stoch indicator you are aware of that shows the actual daily stoch while I'm lookingat a 4 hour chart. I hope that makes sense

Thanks folks.
  • #8,138
  • Dec 8, 2012 2:02am Dec 8, 2012 2:02am
I've just been doing some 'No Candles' IFR flying on the sim, from the beginning of Nov to yesterday.....on a random pair that I don't watch. Here are my results:

Number of trades: 22
Number of Wins: 22
Number of Losses: 0
Number of BE: 0

Highest win: 48
Lowest win: 4

Total pips won: 495
Average gain/trade: 22.5

Number of trade-able days in the test period: 25
Daily Average pips: 19.8

Now, there were a lot of pips left of the table, of course.....but pretty good results wouldn't you say?

So lets call the Daily average 20 pips/day rather than 19.8. Enter 20 pips per day into the spreadsheet and knock yourself out!! Remember, I left a lot of pips on the table that I would have bagged if I could see the candles.....and there were several days (3 of 4 I think, I didn't note it down) where I didn't trade at all. I also only traded from Frankie open to London close. So there is potential to get that average up quite a bit higher.

I urge you to do this exercise every weekend.....it puts things into perspective
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,139
  • Dec 8, 2012 2:13am Dec 8, 2012 2:13am
Hi RJ,

I have to say perfect results. I start my exercise!
  • #8,140
  • Dec 8, 2012 2:38am Dec 8, 2012 2:38am
Quoting san1111
Hi RJ,

I have to say perfect results. I start my exercise!
Good for you San.......
Doing what you like is Freedom. Liking what you do is Happiness.
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