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Genesis Matrix Trading

  • #9,981
  • Feb 25, 2013 4:28am Feb 25, 2013 4:28am
Am I glad I decided to wait before taking the short AJ trade!
.... laughing all the way to the bank
  • #9,982
  • Feb 25, 2013 5:27am Feb 25, 2013 5:27am
Here's my AJ short trade. I could have done with waiting for the 15 min stoch to turn before taking the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 53 KB
.... laughing all the way to the bank
  • #9,983
  • Feb 25, 2013 5:56am Feb 25, 2013 5:56am
Is EJ going to close the gap? The stochs look ready to go down..
mind over matter
  • #9,984
  • Feb 25, 2013 5:58am Feb 25, 2013 5:58am
Quoting kosmo
Is EJ going to close the gap? The stochs look ready to go down..
The stochs look great!
.... laughing all the way to the bank
  • #9,985
  • Feb 25, 2013 6:53am Feb 25, 2013 6:53am
Quoting itsallover
Here's my AJ short trade. I could have done with waiting for the 15 min stoch to turn before taking the trade.
First casualty of the day -10 pip loss. Bad entry.
.... laughing all the way to the bank
  • #9,986
  • Feb 25, 2013 6:57am Feb 25, 2013 6:57am
Hi guys. I watched this system, and i think it is a very great system.

About today on EU: Sell and s/l. Please tell me what i'm doing wrong
1. Sell - all rules. Stoch m5 below 80. M15 almost below. - s/l
2. Buy - stoch M15 in overbought (or we can ignore it when it's there?) - I didn' buy, but the price reached the level R2

Don't understand how I should to do in this situation.

P.S. Sorry for my english, i don't speak very well =)
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 191 KB
  • #9,987
  • Feb 25, 2013 7:22am Feb 25, 2013 7:22am
Quoting Ksander
Hi guys. I watched this system, and i think it is a very great system.

About today on EU: Sell and s/l. Please tell me what i'm doing wrong
1. Sell - all rules. Stoch m5 below 80. M15 almost below. - s/l
2. Buy - stoch M15 in overbought (or we can ignore it when it's there?) - I didn' buy, but the price reached the level R2

Don't understand how I should to do in this situation.

P.S. Sorry for my english, i don't speak very well =)
Welcome to the thread Ksander.

You attempted to go short in a very strong uptrend. Also your 15 Min stoch was not pointing downwards.
.... laughing all the way to the bank
  • #9,988
  • Feb 25, 2013 7:25am Feb 25, 2013 7:25am
Quoting Ksander
Hi guys. I watched this system, and i think it is a very great system.

About today on EU: Sell and s/l. Please tell me what i'm doing wrong
1. Sell - all rules. Stoch m5 below 80. M15 almost below. - s/l
2. Buy - stoch M15 in overbought (or we can ignore it when it's there?) - I didn' buy, but the price reached the level R2

Don't understand how I should to do in this situation.

P.S. Sorry for my english, i don't speak very well =)
The trend was up from Asia, M15 stoc was barely below 80, only 15 pips above the daily pivot and H1 stoc was strongly up, so all in all it looked more likely for a buy. Dont forget overbought just shows a strong trend it doesnt mean its going to come down any time soon.
  • #9,989
  • Feb 25, 2013 7:31am Feb 25, 2013 7:31am
Quoting lastingwell
The trend was up from Asia, M15 stoc was barely below 80, only 15 pips above the daily pivot and H1 stoc was strongly up, so all in all it looked more likely for a buy. Dont forget overbought just shows a strong trend it doesnt mean its going to come down any time soon.
Did you get the EU long lastingwell. Can't believe I missed it.
.... laughing all the way to the bank
  • #9,990
  • Feb 25, 2013 7:36am Feb 25, 2013 7:36am
trying a gbp/usd short, gbp is very weak nowdays. broker gap was filled, sideways action while other pairs had some strenght. stops already in 0
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd0225short.gif Size: 47 KB
  • #9,991
  • Feb 25, 2013 7:40am Feb 25, 2013 7:40am
Quoting itsallover
Did you get the EU long lastingwell. Can't believe I missed it.
No I dont watch EU much anymore but I did get EJ at 12.15 gmt and took it out when it couldnt close above the top of the H1 channel.
  • #9,992
  • Feb 25, 2013 7:41am Feb 25, 2013 7:41am
Quoting Ati_82
trying a gbp/usd short, gbp is very weak nowdays. broker gap was filled, sideways action while other pairs had some strenght. stops already in 0
Looking good!
.... laughing all the way to the bank
  • #9,993
  • Feb 25, 2013 7:45am Feb 25, 2013 7:45am
Quoting lastingwell
No I dont watch EU much anymore but I did get EJ at 12.15 gmt and took it out when it couldnt close above the top of the H1 channel.
It could be worth watching this pair again. I note the last few moves have been quite good. I did read a few days ago that the Chinese had gone back to investing in USD so I expect to see better moves in EU
.... laughing all the way to the bank
  • #9,994
  • Feb 25, 2013 7:53am Feb 25, 2013 7:53am
Quoting lastingwell
The trend was up from Asia, M15 stoc was barely below 80, only 15 pips above the daily pivot and H1 stoc was strongly up, so all in all it looked more likely for a buy. Dont forget overbought just shows a strong trend it doesnt mean its going to come down any time soon.
it is a strong trend I can see now. But then I had to look on Stoch M15 only if it is obviously below 80?
You mean, if the distance to the nearest pivot less than 20 (or how?) pips - we are not entry?
  • #9,995
  • Feb 25, 2013 8:14am Feb 25, 2013 8:14am
Quoting Ksander
it is a strong trend I can see now. But then I had to look on Stoch M15 only if it is obviously below 80?
You mean, if the distance to the nearest pivot less than 20 (or how?) pips - we are not entry?
In a strong trend you need to see another reason for it to go your way not just genesis changing colour. For instance if the M15 stoc was coming down strongly, maybe a pivot above the price or H1 at least printing a bearish candle. None of those happened so to be safe go on the side of the trend.

As far as the pivots go you will very often find price will bounce off those so even if there was a strong down signal there is not a lot of room in case it bounces.
  • #9,996
  • Feb 25, 2013 8:23am Feb 25, 2013 8:23am
Happy 10,000 RJ!!!!
You control how you trade; the market controls how and when you'll get paid
  • #9,997
  • Feb 25, 2013 8:35am Feb 25, 2013 8:35am
Quoting wiz3003
Happy 10,000 RJ!!!!
Indeed !
mind over matter
  • #9,998
  • Feb 25, 2013 9:09am Feb 25, 2013 9:09am
Quoting wiz3003
Happy 10,000 RJ!!!!
Hi Wiz3003,

Did you read the post 1.

Who ever puts the 10,000th post have to buy a drink for all.

Venkat (KC)
  • #9,999
  • Feb 25, 2013 9:10am Feb 25, 2013 9:10am
Quoting KCV
Hi Wiz3003,

Did you read the post 1.

Who ever puts the 10,000th post have to buy a drink for all.

Venkat (KC)
Mine's a gin and tonic thanx
.... laughing all the way to the bank
  • #10,000
  • Feb 25, 2013 9:15am Feb 25, 2013 9:15am
Congrats RJ, the Genesis team and all Genesis traders !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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