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Genesis Matrix Trading

  • #10,141
  • Feb 27, 2013 1:57am Feb 27, 2013 1:57am
RJ et al,

Out of interest, if you missed the original signal to go long would you re-enter at the "pyramiding" signal where the red arrow is? I know we have not talked about pyramiding trades but let's just say at that entry point? I liked your analogy earlier about getting on the train at the next station but do you need the M5 to fully reset to get on?

EDIT - to me it's not a HPT......
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  • #10,142
  • Feb 27, 2013 2:03am Feb 27, 2013 2:03am
Quoting PipMonster1
RJ et al,

Out of interest, if you missed the original signal to go long would you re-enter at the "pyramiding" signal where the red arrow is? I know we have not talked about pyramiding trades but let's just say at that entry point? I liked your analogy earlier about getting on the train at the next station but do you need the M5 to fully reset to get on?
For me.....if I was already in a trade that was in profit and protected, I certainly would consider adding to the trade where your arrow is. If it was going to be a brand new trade, then no, I wouldn't enter. The reason is that if I already have a trade in profit, the risk of the new trade will be offset by the already in profit trade. So to some extent, I would be playing with the 'house money' not risking my capital. If it is a new trade, then I will be risking my capital, and for that, I want to see a perfect, or near perfect set up first......even if it means I miss the trade completely.....because.....there will always be another train
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,143
  • Feb 27, 2013 2:04am Feb 27, 2013 2:04am
Quoting kosmo
Hmm.. Mr Bean speaking... might be quite interesting, seriously
Jo! I used to like Mr Bean!!!!!
.... laughing all the way to the bank
  • #10,144
  • Feb 27, 2013 2:07am Feb 27, 2013 2:07am
Quoting realjumper
For me.....if I was already in a trade that was in profit and protected, I certainly would consider adding to the trade where your arrow is. If it was going to be a brand new trade, then no, I wouldn't enter. The reason is that if I already have a trade in profit, the risk of the new trade will be offset by the already in profit trade. So to some extent, I would be playing with the 'house money' not risking my capital. If it is a new trade, then I will be risking my capital, and for that, I want to see a perfect, or near perfect set up first......even...

Thanks RJ. That re-confirms my beliefs.
  • #10,145
  • Feb 27, 2013 2:20am Feb 27, 2013 2:20am
Good morning to you all, second time I post here...

Was just wondering what you guys think of a short on EJ, price tested DP twice and bounced off and entry signals seem to align...but eurusd is right above the DP and it's making me unsure if this is a high probability trade... I am not familiar enough with pair relations to be able to make a proper call.
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  • #10,146
  • Feb 27, 2013 2:28am Feb 27, 2013 2:28am
Quoting WDays
Good morning to you all, second time I post here...

Was just wondering what you guys think of a short on EJ, price tested DP twice and bounced off and entry signals seem to align...but eurusd is right above the DP and it's making me unsure if this is a high probability trade... I am not familiar enough with pair relations to be able to make a proper call.
The reasons I wouldn't take a short on EJ

1. Its just had a 658 pip drop so chances of long are very high
2. The 1hour stoch is pointing up - I never trade against it
3. Looking at the indexes the Euro is still quite strong against the Yen
.... laughing all the way to the bank
  • #10,147
  • Feb 27, 2013 3:02am Feb 27, 2013 3:02am
Quoting realjumper
Very hard to say Jo.....from a fundamental standpoint, the near vertical climb of the Yen crosses due to Abe 'easing', and 'bold action' just could not be sustained. Mister market will always level the playing field. What happens now is we just have to trade what Genesis shows us....and not enter any risky trades.....
Thanks RJ, will remember.
mind over matter
  • #10,148
  • Feb 27, 2013 3:22am Feb 27, 2013 3:22am
Quoting WDays
Good morning to you all, second time I post here...

Was just wondering what you guys think of a short on EJ, price tested DP twice and bounced off and entry signals seem to align...but eurusd is right above the DP and it's making me unsure if this is a high probability trade... I am not familiar enough with pair relations to be able to make a proper call.
EJ has been forming a triangle after the fall. It might breakout either way. H4 stoch still low with a bullish divergence looking ready to pop, but that's no prediction
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mind over matter
  • #10,149
  • Feb 27, 2013 3:42am Feb 27, 2013 3:42am
Very choppy market....keeping my money in my pocket for the time being. Thank goodness for coffee
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,150
  • Feb 27, 2013 3:44am Feb 27, 2013 3:44am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I agree -- I see Mrs Bean has said something......
  • #10,151
  • Feb 27, 2013 4:14am Feb 27, 2013 4:14am
Quoting Jamz
I agree -- I see Mrs Bean has said something......
Mister Bean is still yappin it seems...... forexlive......he ought to sit down!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,152
  • Feb 27, 2013 4:17am Feb 27, 2013 4:17am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Price loves nestling in their little triangles tonight. More coffee is the only answer or having very nimble mouse fingers.....yes, shut up Mr Bean!!! or just make your mind up!!!
  • #10,153
  • Feb 27, 2013 4:21am Feb 27, 2013 4:21am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Just applying microscope to that stochastic under EURO.......hmmmmmm...........no, nothing there
  • #10,154
  • Feb 27, 2013 4:29am Feb 27, 2013 4:29am
Quoting Jamz
Just applying microscope to that stochastic under EURO.......hmmmmmm...........no, nothing there
It's not looking good for us antipodeans Jamz.....the bill and ben the flowerpot men....I mean Mario and Ben yapping session isn't until way late. I don't think I will see that....unless.....how much coffee have you got??
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,155
  • Feb 27, 2013 4:34am Feb 27, 2013 4:34am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
It's not looking good for us antipodeans Jamz.....the bill and ben the flowerpot men....I mean Mario and Ben yapping session isn't until way late. I don't think I will see that....unless.....how much coffee have you got??
I think if I just breathed out in your direction that should do it...........yeah, those yappers will pull the wrong earlobe and we will wake up to another 6 pages of chat about how many pips, and wow did you ever see that, and jokes and happiness....oh how horrible...
  • #10,156
  • Feb 27, 2013 4:37am Feb 27, 2013 4:37am
Quoting Jamz
I think if I just breathed out in your direction that should do it...........yeah, those yappers will pull the wrong earlobe and we will wake up to another 6 pages of chat about how many pips, and wow did you ever see that, and jokes and happiness....oh how horrible...
...... eeeuuuuw Jamz! I could smell that all the way in the UK!!!
.... laughing all the way to the bank
  • #10,157
  • Feb 27, 2013 4:40am Feb 27, 2013 4:40am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
...... eeeuuuuw Jamz! I could smell that all the way in the UK!!!
Oops, sorry.........could you tell it was Nescafe???
  • #10,158
  • Feb 27, 2013 4:40am Feb 27, 2013 4:40am
The trading volume is well below average so like RJ says .... keep your money in your pocket for now.
.... laughing all the way to the bank
  • #10,159
  • Feb 27, 2013 4:42am Feb 27, 2013 4:42am
Quoting Jamz
Oops, sorry.........could you tell it was Nescafe???
I'm not even going to grace that with an answer! You're horrible.
.... laughing all the way to the bank
  • #10,160
  • Feb 27, 2013 4:47am Feb 27, 2013 4:47am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
The trading volume is well below average so like RJ says .... keep your money in your pocket for now.
I'll be polite....

Where do you find volume? Here in FF?
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