Genesis Matrix Trading

Hi, I have been a silent lurker of this great thread and wanted to say thanks to RJ and all the other great contributors. I haven't been able to watch live charts but here is my EU chart analysis and possible trades taken on yesterdays chart. Any comments would be appreciated.

I start looking for trades form LO. I prefer a rejection from pivots followed by a Matrix signal and the M5 and M15 stoch need to come from OB or OS area. The first vertical blue line is a signal for short trade. PA broke above the daily pivot (blue line) and couldn't countinue further up and went below pivot, candle closed below yellow MA and Matrix all red and M5 and M15 stochastics coming down for OB territory so after the close of signal candle we go short with SL above the previous swing high + spread +1 and our target is S1 ( yellow line).

Second trade is marked by the second blue vertical line. PA tried to break S1 on a few time but failed and made a LH. We get a Matrix signal all blue and M5 and M15 stoch are coming up from OS area and PA closes above yellow MA so we go long on the next candle and SL is below last swing low + spread +1 and our target is daily pivot.

LOL....yeah I should. It's just a consequence of living where I do in summer time. NY session is out of reach for me really.....in the winter it's ok, but in the summer it's just too late for me. Never mind though....my bread and butter always seems to be the London session so that's all good

I missed bullish move, because I woke up too late, and then breakfast.....

And now I'm in one of those situations when you don't know for how long this bullish move is going to last - should I jump in, or should I wait for pullback/reversal

I think I will wait for now....

Never just jump in, thats where most people lose money. Wait for a pullback or look at other currencies.

For anyone who is interested, some interesting news:

We are coming to the end of what has been a pretty dramatic month in FX. Volatility was at multi-year lows towards the end of last year in currency markets as a whole, but what was happening was that correlations were declining, between certain currency pairs and against other asset markets. This has continued this month with a vengeance, but markets have also become a lot more trended (sterling, yen, Swiss franc weakness, euro strength). This could make for a fairly choppy and unpredictable month end as institutional investors look to re-weight cross-currency investments, or reduce exposure to what have been profitable trades. This could make the yen and sterling at risk of some short-covering activity. But in the bigger picture, it’s shown an FX market a lot more sensitive to varying domestic conditions, something which should continue for the coming months.

USD: Gave back some of the gains of the previous day, for no good reason other than JPY and GBP short-covering and continued euro-repatriation. That said, if the economic news over coming days is on the stronger side of expectations, then we expect the dollar to make some forward progress.

JPY: Trading the yen from the short side seems less simple in recent days, as those pre-disposed to take some money off the table jostle with those late to the game. Looking at the price action this week, there appears to be a greater equilibrium between buyers and sellers right now. That said, still plenty of potential for the yen to slide further next month, with the G20 meeting mid-month sure to stimulate discussion of currency wars.

EUR: Breaking above the 1.35 level in early European trade and seems unstoppable right now, boosted by euro-repatriation, month-end flows, and the fact that the ECB’s balance sheet is shrinking (at least for now). Higher levels appear in prospect against most major currencies in the short term.

GBP: January has been a shocker for sterling, but yesterday there was some short-covering and month-end flow that steadied things. Right now, it is hard to see where the good news is going to come from, given uncertainty over the UK’s relationship with Europe whilst fiscal policy is not achieving its objectives quickly enough.

I was able to take a peak at charts today. GU closed bullish yesterday and opened above the daily pivot (DP) so I am favoring a bullish setup. PA breaks DP and tests it then breaks above it and form a HL. Matrix all blue and M5 and M15 stoch look good for a long. I decided to pass on this long set up since our entry signal after the blue vertical line is after appearance of 5 white candles. Your comments are welcomed.

I am in the same trade.

Beware US GDP in 10 minutes !!May affect all pairs

Wow -0.1% Vs expected +1.1% !!

Beware on GU, apparently loads of stops and option expiries at the BRN 1.58

Indeed a wow, first punch of reality hits SP500 ? :O Time will tell as always, personally I wouldn't be shocked to see market continue up. Reminds me a tad bit of 2007 where we saw articles that bad GDP data is actually good for the stock market as it will prompt the FED to cut interest rates. Which is not really possible now though, interesting how this will develop

missed good frenkie/london open, at the end I took modest 13 pips

Ati,

Instead of interest rate cuts, we now have "QE" !!

Endless debasement of fiat money, resulting loss of faith, and hyperinflation !!

Fortuitously, this business is perfectly elastic, we can adjust trade sizes to account for inflation

What am I doing here at this time of the day?........oh yeah......FOMC.......hokay......let's get it on mister Fed....

Hey RJ, up early ??

Amazing PA, just sitting here watching

and going nowhere

13 pips in your pocket is still profit

There will a Frankie/London open every day.....the market isn't going anywhere

Yeah....just seeing what the Fed will come up with! Not much going on it seems......isn't it amazing how the EU crisis, which isn't resolved at all, is 'sooo last year?'......

I think the EU politicians think if they say the financial crisis is behind us, often enough, the markets (and our voters) may believe it.

Meanwhile unemployment continues to rise inexorably.

Think someone should explain to eurocrats, you cant have growth with unemployment rates this high - the math just dont add up !!

Nigel has been telling them exactly that at the EU parliament for quite some time, but Baroso et al just live on a different planet!