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Genesis Matrix Trading

  • #9,561
  • Feb 14, 2013 11:50pm Feb 14, 2013 11:50pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting mazprofx
Good way to start this morning trading session with some good pips and profits........
I think you're working in with George Soros..........except he was shorting the JPY
  • #9,562
  • Feb 14, 2013 11:53pm Feb 14, 2013 11:53pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting pt49
Don't envy farmers... I've been one, and I can tell you that farming is a true boom - bust - boom occupation.

Once went from one year shooting 10,000 sheep and bulldozing them into the ground, then just a few years later getting record prices for wool.

As for air-conditioned cabs on tractors... you've obviously never operated a tractor for 12 hours a day in 110°F on a fine summers day... or for days and weeks at a time, with the dust following you around the paddock... when you blow your nose and all you get is slimy mud...
Ha ha that's what I remember too -- what's airconditioning? Turn the corner disking and meeting that cloud of dust and dirt -- the bath water was liquid fertilizer!!! A big thumbs up for nice clear salty snot!!! Really, I guess the farm just grows like real-estate and they borrow on it.
  • #9,563
  • Feb 15, 2013 12:07am Feb 15, 2013 12:07am
Quoting pt49
Don't envy farmers... I've been one, and I can tell you that farming is a true boom - bust - boom occupation.

Once went from one year shooting 10,000 sheep and bulldozing them into the ground, then just a few years later getting record prices for wool.

As for air-conditioned cabs on tractors... you've obviously never operated a tractor for 12 hours a day in 110°F on a fine summers day... or for days and weeks at a time, with the dust following you around the paddock... when you blow your nose and all you get is slimy mud...
Actually I have done my fair share of haymaking....both driving the old Massey Ferguson and following behind chucking the bales onto the truck.... long before round hay bails here invented!!

But I don't envy farmers their job either....but the point is that they chose that path knowing full well that, as you say, it is a boom and bust industry to be involved in....and it is very weather dependent.

I do get a bit tired of some farmers continued crying though....for instance, we are experiencing a great summer (for us townies), but some of sheep farmers are crying and beginning to mutter about wanting govt assistance. Yet, way back in October/November we were all warned of the likely hot dry summer ahead....but some farmers *still* overstocked their properties with sheep (greed), and now they can't feed them and they want the taxpayer to bail them out. I'm tired of bailing farmers out for too much sun, too much rain, too much wind, world prices falling etc etc. I don't see them paying the taxpayer back for all the handouts when the good times come.

The kiwifruit, apples, oranges and other produce are also weather dependent, but they get jack from the govt in the tough times....and rightly so....for that is the nature of the business they chose to be involved with.

I know that there are a great many good and honest farmers......by far the majority....but we only ever really hear from the vocal minority.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,564
  • Feb 15, 2013 12:11am Feb 15, 2013 12:11am
Quoting realjumper
~~~~~for instance, we are experiencing a great summer (for us townies), but some of sheep farmers are crying and beginning to mutter about wanting govt assistance.
Sounds like Julia Gillards pet dole bludgers to me.
In the days of old when sailors were bold, and seldom if ever contented.
  • #9,565
  • Feb 15, 2013 1:49am Feb 15, 2013 1:49am
Quoting wiz3003
Following yesterday RJ's post here the dayafter ... NU is close to an important level, whatever the direction will be something to bear in mind.

ciao

wiz
Yep...you're right....and that divergence on the weekly has been building since August. If it is confirmed, the Kiwi is in for a big drop one day in the not too distant future!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,566
  • Feb 15, 2013 2:52am Feb 15, 2013 2:52am
Interesting commentary I read this morning:

"Quantitative easing managed to hide a multitude of sins around the world, but as the effectiveness of “money printing” (and related crisis measures) has receded, the cracks are being revealed. This is why FX is becoming more interesting and more volatile."
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,567
  • Feb 15, 2013 3:15am Feb 15, 2013 3:15am
Quoting Martyfish
Interesting commentary I read this morning:

"Quantitative easing managed to hide a multitude of sins around the world, but as the effectiveness of “money printing” (and related crisis measures) has receded, the cracks are being revealed. This is why FX is becoming more interesting and more volatile."
I like "more volatile"......a lot
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,568
  • Feb 15, 2013 4:41am Feb 15, 2013 4:41am
Quoting realjumper
I like "more volatile"......a lot
Absolutely

With Japan threatening to acceperate their QE, I am just dumbfounded as to why EU is trying to talk up a strong Euro, and worried about inflation, while economic stats deteriorate, to severe depression levels (in club med), but then project growth and cutting deficits "next year"

Just dont understand what they are trying to do.

Thet cant be intentionally trying to destroy the club med economies ?? Surely ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,569
  • Feb 15, 2013 4:47am Feb 15, 2013 4:47am
Quoting Martyfish
Absolutely

With Japan threatening to acceperate their QE, I am just dumbfounded as to why EU is trying to talk up a strong Euro, and worried about inflation, while economic stats deteriorate, to severe depression levels (in club med), but then project growth and cutting deficits "next year"

Just dont understand what they are trying to do.

Thet cant be intentionally trying to destroy the club med economies ?? Surely ??
My understanding of it all is pretty basic Marty, but when we see stuff like this: Euro area trade surplus of 81.8 bn euro, I have to wonder exactly what is going on over there, and are we going to see Draghi et al actually help the real people who are suffering, or are we going to see them thrown to the wolves for 'the greater good.'........28 summits and counting......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,570
  • Feb 15, 2013 6:56am Feb 15, 2013 6:56am
Has anyone heard from Oliver recently?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,571
  • Feb 15, 2013 8:07am Feb 15, 2013 8:07am
Astonishing pop in EJ, managed to scrape 83 pips out of 140 odd pips in about 1 hour ???

IMF and Bundesbank boosting the Euro
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,572
  • Edited 8:20am Feb 15, 2013 8:08am | Edited 8:20am
Quoting realjumper
My understanding of it all is pretty basic Marty,but when we see stuff like this:
Quoting realjumper
Euro area trade surplus of 81.8 bn euro, I have to wonderexactly what is going on over there, and are we going to see Draghi et alactually help the real people who are suffering, or are we going to see themthrown to the wolves for 'the greater good.'........28 summits andcounting......
But if they try "throwing the voting public to the wolves" ...

When the next elections come around, you are going to get anyold"anarchistic/socialistic/fascist" crackpot party, then EZ breaksdown
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,573
  • Feb 15, 2013 8:33am Feb 15, 2013 8:33am
Quoting realjumper
but when we see stuff like this: Euro area trade surplus of 81.8 bn euro
Yes, trade surpluses are usually a very healthy sign for an economy.

But, what if the surplus is created purely by a dramatic contraction of imports, ie falling internal demand, and exports hold up reasonably.

That's a different story in my view, just checked the detail, and surprisingly, that was exactly what happened !!

That my friend, is what happens in a depression, high unemployment, falling real wages, which leads to collapsing demand !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,574
  • Feb 15, 2013 9:54am Feb 15, 2013 9:54am
Quoting Martyfish
Astonishing pop in EJ, managed to scrape 83 pips out of 140 odd pips in about 1 hour ???

IMF and Bundesbank boosting the Euro
How nice of genesis to let us know beforehand along with the bounce off S1
  • #9,575
  • Feb 15, 2013 1:50pm Feb 15, 2013 1:50pm
Took EJ +112.

Thanks genesis team!
  • #9,576
  • Feb 15, 2013 3:44pm Feb 15, 2013 3:44pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting nikz
Took EJ +112.

Thanks genesis team!
Wow! Good trade!! 2:00 am in the morning too -- Just when RJ has gone to bed!!! (and me about an hour earlier than RJ.... )
  • #9,577
  • Feb 15, 2013 3:57pm Feb 15, 2013 3:57pm
Quoting Jamz
Wow! Good trade!! 2:00 am in the morning too -- Just when RJ has gone to bed!!! (and me about an hour earlier than RJ.... )
A good trade indeed nikz.

Yep you're right Jamz......can't watch the charts 24 hours.....lol.....and they know it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,578
  • Feb 15, 2013 4:08pm Feb 15, 2013 4:08pm
Quoting Martyfish
[font=Times New Roman][size=3]

But if they try "throwing the voting public to the wolves" ...

When the next elections come around, you are going to get anyold"anarchistic/socialistic/fascist" crackpot party, then EZ breaksdown
And it's not like that hasn't happened before is it? What is they say, unless we learn the lessons of history......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,579
  • Feb 17, 2013 5:32am Feb 17, 2013 5:32am
After 3 years of running around trying to find find/build a good system I finally did but my problem is subjectivity therefore after heeding some valuable advice I have decided on learning to trade without emotions and subjectivity. After browsing various threads I settled on this one because it seems to approach the marketplace with a very objective view.

I'm going through the material provided and I am also a firm believer in price action. So through the objectivity of this system and price action knowlede I have acquired I will try to learn to trade for a living.

I sincerely hope this is a great community and if I post charts others could help guide me with my trades to make my learning curve easier.
Well tomorrow is Monday and I am going to start my Genesis trading journey.

I'm planning on starting with only eurusd on the 5m timeframe keeping track of the 15m.
Any ideas or suggestions are welcome.
  • #9,580
  • Feb 17, 2013 8:40am Feb 17, 2013 8:40am
Just a little note to say that used the Simulator during the weekend to do a bit of practice. Opens up a totally new dimension to back-testing. Thanks RJ for putting such a comprehensive system together.
What the mind does not know, the eyes cannot see
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