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Genesis Matrix Trading

  • #10,221
  • Feb 28, 2013 2:51am Feb 28, 2013 2:51am
Quoting Ksander
entry buy at 10:30 (gmt) again s/l.
There was no buy signal from my Matrix
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,222
  • Feb 28, 2013 3:01am Feb 28, 2013 3:01am
Quoting realjumper
There was no buy signal from my Matrix
hmmm, interesting. Look. Can you screen your matrix or say what is your broker? My is Alpari NZ
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  • #10,223
  • Feb 28, 2013 3:04am Feb 28, 2013 3:04am
Quoting Ksander
hmmm, interesting. Look. Can you screen your matrix or say what is your broker? My is Alpari NZ
Ksander,
I have the signal too, but look where your 5 Min stochs are - too high. In fact at the time of entry it was turning already.
Also your 15 Min stoch is rather flat

Edited
.... laughing all the way to the bank
  • #10,224
  • Feb 28, 2013 3:11am Feb 28, 2013 3:11am
Quoting Ksander
hmmm, interesting. Look. Can you screen your matrix or say what is your broker? My is Alpari NZ
This is FXPro......but regardless.....look at the stoch!!! I just explained this very point to you!!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,225
  • Feb 28, 2013 3:15am Feb 28, 2013 3:15am
Quoting realjumper
The best opportunity came before Frankie when everything was lined up perfectly....too bad I was busy then, but that was a good opportunity.....can you see why?
Umm.. help?

Are you talking about the purple line? Because of a red matrix, arrow, both m5 and m15 stoch coming out of OB and heading down... ? Also it seems price had found resistance and bounced off it several time. Am I correct?

On a side note, the place where the circle is, I chose not to take it because it was too far away from DR1 and too close to DP... also I felt price would keep on ranging. Was there any reason I should have taken it at the time? (I mean obviously I should have in hindsight, but would you consider it to be a decent trade if you didn't know that it would drop?)
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  • #10,226
  • Feb 28, 2013 3:19am Feb 28, 2013 3:19am
Quoting WDays
Umm.. help?

Are you talking about the purple line? Because of a red matrix, arrow, both m5 and m15 stoch coming out of OB and heading down... ? Also it seems price had found resistance and bounced off it several time. Am I correct?

On a side note, the place where the circle is, I chose not to take it because it was too far away from DR1 and too close to DP... also I felt price would keep on ranging. Was there any reason I should have taken it at the time? (I mean obviously I should have in hindsight, but would you consider it to be a decent...
You're spot on there.....correct

No...you did the right thing in waiting on that drop where your circle is. I didn't take it either, for pretty much the same reasons. If the bears are truly going to be in control here we may get a better opportunity to enter, but if not, what did we lose?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,227
  • Feb 28, 2013 3:20am Feb 28, 2013 3:20am
I understand, that we can enter only when the stoch m15 have too large range between %K and %D, right? As we can see in the morning.
  • #10,228
  • Feb 28, 2013 3:22am Feb 28, 2013 3:22am
Quoting realjumper
Here is a little gem from a very good trader: "Staying out of a market will prevent you from getting hurt. I focus exclusively on very high probability trades, soemtimes I may not enter for a week. Its all about patience and mental discipline and timing." http://www.forexfactory.com/showthre...56#post6475956
Perfect to read every day before trading
mind over matter
  • #10,229
  • Feb 28, 2013 3:27am Feb 28, 2013 3:27am
Quoting Ksander
I understand, that we can enter only when the stoch m15 have too large range between %K and %D, right? As we can see in the morning.
That's when you'll see the high probability trades. When either stoch is just wandering around, or going across the page, the trade is going to be a risky one so best to wait for a better opportunity.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,230
  • Feb 28, 2013 3:32am Feb 28, 2013 3:32am
Quoting Jamz
Actually, this reminds me of the number of times I turn on my charts and instantly see a bloody good trade straight away!!!! I'm so clever!
Discipline -- I'm getting it right more often lately.
I'm in the same boat, Jamz. But the discipline part is getting better too, especially after I switched to M15 charts with M15 & H1 stochs. This week has been my best week so far (though I think I should refrain from saying it until tomorrow)
mind over matter
  • #10,231
  • Feb 28, 2013 3:41am Feb 28, 2013 3:41am
Quoting kosmo
I'm in the same boat, Jamz. But the discipline part is getting better too, especially after I switched to M15 charts with M15 & H1 stochs. This week has been my best week so far (though I think I should refrain from saying it until tomorrow)

Good for you Jo. It's good to experiment with different TF's to find what suits you. Good on you for taking the initiative
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,232
  • Feb 28, 2013 3:41am Feb 28, 2013 3:41am
Quoting realjumper
You're spot on there.....correct

No...you did the right thing in waiting on that drop where your circle is. I didn't take it either, for pretty much the same reasons. If the bears are truly going to be in control here we may get a better opportunity to enter, but if not, what did we lose?
Woohoo! Isn't hindsight a beaut ? Well I was sleeping at that time. And as for the second trade that I did not take either, glad to hear it was the right thing to do.

I am trying to use pair correlations to confirm trades and what I'm seeing right now is making me stay far away from any entry... But then again I'm probably still very bad at doing this and just missing a buckload of trades.
  • #10,233
  • Feb 28, 2013 3:45am Feb 28, 2013 3:45am
Quoting WDays
Woohoo! Isn't hindsight a beaut ? Well I was sleeping at that time. And as for the second trade that I did not take either, glad to hear it was the right thing to do.

I am trying to use pair correlations to confirm trades and what I'm seeing right now is making me stay far away from any entry... But then again I'm probably still very bad at doing this and just missing a buckload of trades.
The ones you miss don't cost you anything.....but they teach you a lot
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,234
  • Feb 28, 2013 3:47am Feb 28, 2013 3:47am
Quoting Ksander
hmmm, interesting. Look. Can you screen your matrix or say what is your broker? My is Alpari NZ
Sometimes a quick glance at the H1 stoc will show you its a bad idea, in the case of your matrix turning blue the H1 stoc was still strongly down with no hint at turning.
  • #10,235
  • Feb 28, 2013 4:03am Feb 28, 2013 4:03am
GU seems to be rejecting DR1, I just might enter when m15 stoch starts pointing down and matrix paints a short signal...

What do you think?
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  • #10,236
  • Feb 28, 2013 4:08am Feb 28, 2013 4:08am
Quoting WDays
GU seems to be rejecting DR1, I just might enter when m15 stoch starts pointing down and matrix paints a short signal...

What do you think?
Take a look at the M30 and H1......then tell us what YOU think
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,237
  • Feb 28, 2013 4:29am Feb 28, 2013 4:29am
Quoting Ksander
I understand, that we can enter only when the stoch m15 have too large range between %K and %D, right? As we can see in the morning.
can explain ! anyone!
  • #10,238
  • Feb 28, 2013 4:47am Feb 28, 2013 4:47am
Quoting realjumper
Take a look at the M30 and H1......then tell us what YOU think
Weeell..... I think that it is consolidating after a big drop and it is ranging between 1,5210~ and umm 1.5080~ and that I should wait more until current candle closes to find out if it would break or go back down But I wasn't going to enter short with a blue matrix or a m15/m5 stoch pointing up anyways... so at least for now I'm doing the right thing

I'm missing something, aren't I?
  • #10,239
  • Feb 28, 2013 5:01am Feb 28, 2013 5:01am
Quoting WDays
Weeell..... I think that it is consolidating after a big drop and it is ranging between 1,5210~ and umm 1.5080~ and that I should wait more until current candle closes to find out if it would break or go back down But I wasn't going to enter short with a blue matrix or a m15/m5 stoch pointing up anyways... so at least for now I'm doing the right thing

I'm missing something, aren't I?
You're doing fine.....you just need to go through this exercise before you enter. It might sound silly because you'll be talking to yourself, but when you do this, you often see things that you don't see at a glance. Imagine you are on a stage explaining why you are considering entering the trade....it will help you. Also, just before you enter a trade, ask yourself this question: 'would I be proud to make a screenshot of this entry and post it to the thread?'....your answer might help keep you safe
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,240
  • Feb 28, 2013 5:22am Feb 28, 2013 5:22am
Quoting realjumper
Can one of our Italian traders please let us know what the procedure is now for your elections? What happens next?....and when does it happen? When will new elections be held or what is actually supposed to happen?

Thanks
I'm sorry but I was out for some commision, the situation actually is quite out of controls, as per my previous message, Movimento 5 stelle, that has gained a big share, will not support the Democratic party in the Second Chamber, in this way there isn't a majority to govern. A solution could be an agreement between PD, Democratics, with Mr Berlusconi, but it could run for a short term, more or less, for a year, just to allow the new Parlament to do a new system for the election, and after, we will be back again to elect the Parlament. It's a great problem. I suppose there will be a long period of instability. The Italian debt is hold by a large number of German and French banks and for the next period could be helpfull to check the Italian politic situation.
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