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Genesis Matrix Trading

  • #9,201
  • Feb 4, 2013 7:04pm Feb 4, 2013 7:04pm
Quoting realjumper
Interesting times for the Kiwi.......
The Kiwi has backed off from here....for now. Keeping a watch on it though....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,202
  • Feb 4, 2013 8:35pm Feb 4, 2013 8:35pm
Quoting realjumper
For anyone who's interested.....you will know how important it is to have accurate pivots, and the lack of uniformity between brokers server times, Sunday candles etc etc .....
Great!! Thank you for always great information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,203
  • Feb 4, 2013 9:42pm Feb 4, 2013 9:42pm
Quoting heispark
Great!! Thank you for always great information.
Interestingly, currency meter in FXPro and MBT look different. You may want to try....

Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,204
  • Edited 10:30pm Feb 4, 2013 9:48pm | Edited 10:30pm
Quoting heispark
Interestingly, currency meter in FXPro and MBT look different. You may want to try....

Attachment
Yeah there's bound to be differences because the CM is drawing it's data from the broker. I'm supposing that during the peak times (like not now) the demand for a given currency should be uniform across the brokers. Right now, we are in a slack period where nothing much is moving, so the volumes of trades will be small.

I will watch this too, and if over a decent testing period an issue develops, we may have to work around that by using Henry Lee's (I think) CM that is broker independent. Well spotted though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,205
  • Feb 5, 2013 12:38am Feb 5, 2013 12:38am
It has taken EU less than an hour to undo what the Tokyo session spent all day doing.....lol!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,206
  • Feb 5, 2013 1:02am Feb 5, 2013 1:02am
E J has moved 130 pts in 60 min wow thats getting a move on
  • #9,207
  • Feb 5, 2013 1:14am Feb 5, 2013 1:14am
Quoting eltax100
E J has moved 130 pts in 60 min wow thats getting a move on
Yep....from S1 to the Daily Pivot....almost to the pip.

I wasn't in this trade because I was a bit extended on 2 others...lol....but we have been spoilt for choice tonight, and it's not over yet.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 166 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,208
  • Feb 5, 2013 1:24am Feb 5, 2013 1:24am
Do you think these are only a retrace of the downward movement on the HTF's?

Quoting realjumper
Yep....from S1 to the Daily Pivot....almost to the pip.

I wasn't in this trade because I was a bit extended on 2 others...lol....but we have been spoilt for choice tonight, and it's not over yet.
  • #9,209
  • Feb 5, 2013 1:32am Feb 5, 2013 1:32am
Quoting fbrand79
Do you think these are only a retrace of the downward movement on the HTF's?
If you look at an H4 chart you can see that the Yen crosses are in a solid up trend. To be honest, I don't pay a hell of a lot of attention into the higher TF's, other than to be aware of them. All my trading is intraday, so I watch the M5 and M15 more than any others, and when I see a signal to enter....I enter! It's good to be aware of the H1, H4, Daily and even the Weekly charts, and I check them every day....but I don't concern myself too much with them.

So to answer your question, I don't know!!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,210
  • Feb 5, 2013 1:41am Feb 5, 2013 1:41am
Quoting fbrand79
Do you think these are only a retrace of the downward movement on the HTF's?
Exactly as RJ said.

But these Yen cross moves, have a significant fundamental flows, that are changing decade old market fundamentals, ie yen strength, and more recently Euro weakness.

The shit will hit the fan, when we see weaker Euro economic data due to Euro strength.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,211
  • Feb 5, 2013 1:44am Feb 5, 2013 1:44am
The problem is economies and companies cant adjust quickly enough to such significant currency changes.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,212
  • Feb 5, 2013 1:49am Feb 5, 2013 1:49am
Quoting Martyfish
The shit will hit the fan, when we see weaker Euro economic data due to Euro strength.
Yep....That's why I don't hang too much stock on this bullshit Euro rise. The EZ is not a pillar of economic stability and they have some serious issues that are (still) unresolved.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,213
  • Feb 5, 2013 1:49am Feb 5, 2013 1:49am
The Euro strength will also worsen EU deflationary crunch, as weak Euro banks contract lending, due to weak balance sheets.

Certainly fascinating times (if your interested in economics)
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,214
  • Feb 5, 2013 2:10am Feb 5, 2013 2:10am
Quoting Martyfish
The Euro strength will also worsen EU deflationary crunch, as weak Euro banks contract lending, due to weak balance sheets.

Certainly fascinating times (if your interested in economics)
Speaking of EZ and matters swept out of sight.....for now:

Greek finance minister sent bullet in the mail
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,215
  • Feb 5, 2013 2:19am Feb 5, 2013 2:19am
Quoting realjumper
Speaking of EZ and matters swept out of sight.....for now:

Greek finance minister sent bullet in the mail
Greeece is like an IED waiting to be set off
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,216
  • Feb 5, 2013 2:23am Feb 5, 2013 2:23am
Quoting Martyfish
Greeece is like an IED waiting to be set off
I feel sad for the people....this isn't their fault.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,217
  • Feb 5, 2013 2:48am Feb 5, 2013 2:48am
Quoting realjumper
Yep....from S1 to the Daily Pivot....almost to the pip.

I wasn't in this trade because I was a bit extended on 2 others...lol....but we have been spoilt for choice tonight, and it's not over yet.
Wasn't this a counter trend trade which we usually want to avoid? Market has decided to go North and i think we traders don't know this trend shift until it developed quite a lot already.... If i have enough experience, can i catch this too?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,218
  • Feb 5, 2013 2:53am Feb 5, 2013 2:53am
Quoting realjumper
I feel sad for the people....this isn't their fault.
Absolutely, they have been lied to by their politicians, who have faudulently lied about the countries finance.

Goldman Sachs should have been sued for assisting them.

But then, it is the small businesses in Greece that pay no tax, public sector workers have accepted extra holidays and bonuses (for nothing).

Greece workers have taken "hasta manana" to a completely new level.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,219
  • Feb 5, 2013 2:58am Feb 5, 2013 2:58am
Quoting heispark
Wasn't this a counter trend trade which we usually want to avoid? Market has decided to go North and i think we traders don't know this trend shift until it developed quite a lot already.... If i have enough experience, can i catch this too?
The overall trend is up on EJ and every other Yen cross. Check out an H1 or H4 chart. The bear run was a pull back, or a retrace. The retrace was the counter trend trade, but it was a long slow and steady one, so it was easy to trade. To trade long is to go with the overall trend. Still have to be cautious because we won't know a retrace from a reversal until after it happens, but everything is pointing towards the Yen getting weaker and the Euro getting stronger, so it's fairly safe to assume that the overall bull trend is going to continue.

It IS experience, but also it's a matter of checking the other timeframes to see what's going on, as well as knowing a little about each currency of the pair. So I like to know a little about what's driving the Euro, as well as what's driving the Yen. That's the reason why it's good to stick to one or two currency pairs to start with.....so that you can get to know a lot about the 2 currencies and what drives them. For instance, I know virtually nothing about the Canadian dollar, so I won't attempt to trade it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,220
  • Feb 5, 2013 3:10am Feb 5, 2013 3:10am
Quoting realjumper
The overall trend is up on EJ and every other Yen cross. Check out an H1 or H4 chart.....
Thank you for detailed explaination. I see watching the big picture is the key... By the way, now i use FXPro, i can see the same DS1 correctly at the bottom as in your EJ chart. If i used MBT, i couldn't recognize that important pivot level. How important correct pivot is!
Simplicity is the ultimate sophistication - Leonardo da Vinci
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