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Genesis Matrix Trading

  • #10,301
  • Mar 1, 2013 1:38am Mar 1, 2013 1:38am
Is it just me or is it rather hard to find a high probability entry this morning?
  • #10,302
  • Mar 1, 2013 1:42am Mar 1, 2013 1:42am
Good fight going on here all week, with no winner in sight yet....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 254 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,303
  • Mar 1, 2013 1:43am Mar 1, 2013 1:43am
Quoting WDays
Is it just me or is it rather hard to find a high probability entry this morning?
I think too many news.

I am waiting for NY open.

In 2013 All mondays the ny stock is -ive and all Fridays its +ive.

Going to bed to be fresh for the NY.

Lets see.

Ty All.
  • #10,304
  • Mar 1, 2013 1:43am Mar 1, 2013 1:43am
Quoting WDays
Is it just me or is it rather hard to find a high probability entry this morning?
There's going to be some action today. Just wait for it.
.... laughing all the way to the bank
  • #10,305
  • Mar 1, 2013 1:45am Mar 1, 2013 1:45am
Wow...Look at GU...droping quick...

Was afraid of News.
  • #10,306
  • Mar 1, 2013 1:46am Mar 1, 2013 1:46am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I have found the forum very helpful tonight....especially the way Kelly and Marty have been moaning on about the sad state of ye ole England.......poor sods, so I put a sell on the GBP....my best trade for a long time.......Thanks you two!!!!
  • #10,307
  • Mar 1, 2013 1:48am Mar 1, 2013 1:48am
After such a drop on GU and Genesis who gave a signal just before the news it made me thought of how Genesis often give good signals 5 to 10 mins before the actual release.
Here are the posts which talk about it in the entire thread :
#1128 from realjumper (the idea emerge)
#1545 from yelena (nice explanation)
#2255 from ohammond
#2257 from realjumper
#2884 from realjumper (a chart)
#3500 from minako (charts)
#4090 from minako (new chart)
#4094 from minako (nice explanation)
#5084 from realjumper (a chart)

less important #5321 + #5425 from realjumper (talking to himself)

hope it may help someone
  • #10,308
  • Mar 1, 2013 1:48am Mar 1, 2013 1:48am
Quoting Jamz
I have found the forum very helpful tonight....especially the way Kelly and Marty have been moaning on about the sad state of ye ole England.......poor sods, so I put a sell on the GBP....my best trade for a long time.......Thanks you two!!!!
  • #10,309
  • Mar 1, 2013 1:51am Mar 1, 2013 1:51am
Quoting itsallover
There's going to be some action today. Just wait for it.
In hindsight I regret not taking this, but could I share my reasons for not taking it with you, so that I can kinda hear your take on the subject?

I was really wondering whether I should short because on eu, I had a setup, DP holding, price staying below it and then I got all the signals (matrix, stoch, arrow, EMA...). But I then checked the other pairs, which are supposed to be highly correlated and I saw nothing on GU (flat before news), AU and EJ were above daily pivot and UC was kinda in no-man's land to me (like in the middle of the DP and the DR1)... Also all of these pairs seemed to be in a very flat range on h1/m30 and so I decided not to take any actions.

I'm fairly new to pair correlations and how they work, I've simply read about them on babypips and just spent some few weeks watching them, so I'm not using them correctly I'm sure...

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 484 KB
  • #10,310
  • Mar 1, 2013 1:51am Mar 1, 2013 1:51am
What happened with GU?
I take 80p. on it.

Do I understand correctly that if we have an open trade and this trade is in B/E, we are ignore all other signal?
  • #10,311
  • Mar 1, 2013 1:57am Mar 1, 2013 1:57am
Wish I am in GU trade.

Tempting..lol...and Then recalled the Train Story from RJ.

Will wait for the next one.

KC.
  • #10,312
  • Mar 1, 2013 2:03am Mar 1, 2013 2:03am
Quoting Jamz
I have found the forum very helpful tonight....especially the way Kelly and Marty have been moaning on about the sad state of ye ole England.......poor sods, so I put a sell on the GBP....my best trade for a long time.......Thanks you two!!!!
Anytime for you Jamz
.... laughing all the way to the bank
  • #10,313
  • Mar 1, 2013 2:05am Mar 1, 2013 2:05am
Quoting KCV
Wish I am in GU trade.

Tempting..lol...and Then recalled the Train Story from RJ.

Will wait for the next one.

KC.
It's always tempting, especially with news like that!! I didn't jump in either, but I don't like GU too much anyway! There was an entry on GJ that I almost took though, but it was right on top of the news, so I made a coffee instead
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,314
  • Mar 1, 2013 2:07am Mar 1, 2013 2:07am
Quoting WDays
In hindsight I regret not taking this, but could I share my reasons for not taking it with you, so that I can kinda hear your take on the subject?

I was really wondering whether I should short because on eu, I had a setup, DP holding, price staying below it and then I got all the signals (matrix, stoch, arrow, EMA...). But I then checked the other pairs, which are supposed to be highly correlated and I saw nothing on GU (flat before news), AU and EJ were above daily pivot and UC was kinda in no-man's land to me (like in the middle of the DP and...
I must say I don't know much about co-relations so I can't comment . If I see a pair meeting the right criteria I tend to just roll with it.
.... laughing all the way to the bank
  • #10,315
  • Mar 1, 2013 2:14am Mar 1, 2013 2:14am
Quoting realjumper
It's always tempting, especially with news like that!! I didn't jump in either, but I don't like GU too much anyway! There was an entry on GJ that I almost took though, but it was right on top of the news, so I made a coffee instead

hahahah..I did that coffee work for the pre-meture trade I took on EJ.

Atleast I am a head of you in the coffee trick.
  • #10,316
  • Mar 1, 2013 2:20am Mar 1, 2013 2:20am
Quoting Marviin
hope it may help someone
thanks...
we all need reminder about it
some choose to jump ahead, some are on the sideline..
i worshipped... Momentum
  • #10,317
  • Mar 1, 2013 2:53am Mar 1, 2013 2:53am
There's a signal lining up on EU M5, but it is a counter-trend signal and I'm still too newb to determine whether it's a risk worth taking... So I guess I'll wait and see.
  • #10,318
  • Mar 1, 2013 2:55am Mar 1, 2013 2:55am
Quoting rockrobb
thanks...
we all need reminder about it
some choose to jump ahead, some are on the sideline..
Some people are really good at news trading....but I'm not one of them!! Anyone who can be consistent with news trading has my respect
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,319
  • Mar 1, 2013 2:59am Mar 1, 2013 2:59am
Quoting WDays
There's a signal lining up on EU M5, but it is a counter-trend signal and I'm still too newb to determine whether it's a risk worth taking... So I guess I'll wait and see.
It's not a risk I'd be willing to take after that flurry of news since Frankie opened. NY might bring another opportunity but until then I'd have to think long and hard before going against such a strong move.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,320
  • Mar 1, 2013 3:03am Mar 1, 2013 3:03am
Quoting realjumper
It's not a risk I'd be willing to take after that flurry of news since Frankie opened. NY might bring another opportunity but until then I'd have to think long and hard before going against such a strong move.....
A signal never did come anyway.

I was so happy at first, when I saw rejection of DS1 and that I could be entering anytime soon, but then I checked h1's steep downtrend and thought to myself "sh*t, now that's a trade I would DEFINITELY be ashamed of if I posted it ". Your advice is keeping me out of SO MANY bad trades, it's unbelievable... I'm forever grateful to you and the team and all the active people helping noobs in this thread...
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