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Genesis Matrix Trading

  • #9,841
  • Feb 20, 2013 8:04pm Feb 20, 2013 8:04pm
Quoting KCV
Yes RJ,

I agree. Every post so far is very usefull.

Sometimes I am reading 2 or 3 times Posts from Olivia, you and others.

One thing I understood is why EA (Auto system or Robot) wont work.

So many other factors involved in each trade and very interesting to see how traders make decision.

The first page you put together is excellent.

Thanks you very much.

Venkat (KC).
EA can't work because there is a certain amount of discretion involved in trading, and EA's cannot have this feature! It should be possible to create an EA that would get good entries, but the exits are always the hard part and that's where an EA will fail nearly every time. For the amount of work required to make an EA, and then to have to monitor it, really makes the whole idea not worth exploring.

The best way to trade profitably is to put in the time and effort and learn the markets and then pick and choose entries and exits to give yourself the best chance of making consistent profits.

There's no easy way.....trading is not easy!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,842
  • Feb 20, 2013 8:13pm Feb 20, 2013 8:13pm
Quoting realjumper
EA can't work because there is a certain amount of discretion involved in trading, and EA's cannot have this feature! It should be possible to create an EA that would get good entries, but the exits are always the hard part and that's where an EA will fail nearly every time. For the amount of work required to make an EA, and then to have to monitor it, really makes the whole idea not worth exploring.

The best way to trade profitably is to put in the time and effort and learn the markets and then pick and choose entries and exits to give yourself...
Well Said.

Even for the entry's...

Last week end as per the 1st post. I blacked out the candles and spent lot of time.

Learned a lot.

Then analyzed the trade with candles on.

My final result showed many small failed trades.

Then I started reading more pages and learnt a lot about entry's...Looking for the PV..S/R...Daily H/L..and revisited my trades.

Wow...All those small losses were gone.

Yes. I agree and even for Entry's the EA's are not worth.

Truely for th first time I started feeling a bit of confidence.

All credits goes to "YOU" and the team.

Thanks.
Venkat (KC).
  • #9,843
  • Feb 20, 2013 9:36pm Feb 20, 2013 9:36pm
To aviod whipsaws in this vigorless market, I better trade higher time frame. Although i will have less opptunities it would at least help me avoid low volitility whipsaws....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,844
  • Feb 21, 2013 12:16am Feb 21, 2013 12:16am
Quoting heispark
To aviod whipsaws in this vigorless market, I better trade higher time frame. Although i will have less opptunities it would at least help me avoid low volitility whipsaws....
Yep....that's always an option
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,845
  • Feb 21, 2013 1:55am Feb 21, 2013 1:55am
French Flash Manufacturing PMI in about 5 minutes
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,846
  • Feb 21, 2013 2:00am Feb 21, 2013 2:00am
French PMI 43.6 !! Holy sh#t !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,847
  • Feb 21, 2013 2:01am Feb 21, 2013 2:01am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Martyfish
French PMI 43.6 !! Holy sh#t !!
Thanks for your technical analysis Marty! I get the message!
  • #9,848
  • Feb 21, 2013 2:02am Feb 21, 2013 2:02am
Quoting Martyfish
French PMI 43.6 !! Holy sh#t !!
Sacre bleu Monsieur Hollande
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,849
  • Feb 21, 2013 2:07am Feb 21, 2013 2:07am
Quoting Martyfish
French PMI 43.6 !! Holy sh#t !!

What does that mean Marty? What should an acceptable PMI have been?
.... laughing all the way to the bank
  • #9,850
  • Feb 21, 2013 2:24am Feb 21, 2013 2:24am
Angela Merkel's turn next: German Flash Manufacturing PMI 6 minutes
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,851
  • Feb 21, 2013 2:34am Feb 21, 2013 2:34am
Quoting realjumper
Angela Merkel's turn next: German Flash Manufacturing PMI 6 minutes
Danke Angela
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,852
  • Feb 21, 2013 2:39am Feb 21, 2013 2:39am
Quoting realjumper
Danke Angela
Was it good news?
.... laughing all the way to the bank
  • #9,853
  • Feb 21, 2013 2:42am Feb 21, 2013 2:42am
Here comes the round number 3200......if this folds, we could be in for a decent drop
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,854
  • Feb 21, 2013 2:43am Feb 21, 2013 2:43am
Quoting itsallover
Was it good news?
For me....yes.

For Angela....nope!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,855
  • Feb 21, 2013 2:56am Feb 21, 2013 2:56am
Quoting itsallover
What does that mean Marty? What should an acceptable PMI have been?
Well below 50 means contracting in manufacturing.

So 43.6 in manufacturing and 42.7 in services, means the economy is still deep in recession.

I have now read in a few places that France is now the elephant in the room, forget Italy/Spain.

If France slumps into a deep recession, EZ is HISTORY !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,856
  • Feb 21, 2013 3:04am Feb 21, 2013 3:04am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
Here comes the round number 3200......if this folds, we could be in for a decent drop
and it is trying hard......
  • #9,857
  • Feb 21, 2013 3:10am Feb 21, 2013 3:10am
Quoting Martyfish
Well below 50 means contracting in manufacturing.

So 43.6 in manufacturing and 42.7 in services, means the economy is still deep in recession.

I have now read in a few places that France is now the elephant in the room, forget Italy/Spain.

If France slumps into a deep recession, EZ is HISTORY !!
Thanx for that Marty. Hope they don't drag us down with them lol
.... laughing all the way to the bank
  • #9,858
  • Feb 21, 2013 3:13am Feb 21, 2013 3:13am
Quoting itsallover
Thanx for that Marty. Hope they don't drag us down with them lol
We dont need anyone to drag us down, we are doing pretty well all by ourselves !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,859
  • Feb 21, 2013 3:17am Feb 21, 2013 3:17am
Quoting Martyfish
We dont need anyone to drag us down, we are doing pretty well all by ourselves !!
Great!
.... laughing all the way to the bank
  • #9,860
  • Feb 21, 2013 3:50am Feb 21, 2013 3:50am
Spanish Bond Auction results : EUR 4.23bln V Eur 3-4 bln Target

http://www.forexlive.com/blog/2013/0...-4-bln-target/
Doing what you like is Freedom. Liking what you do is Happiness.
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