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Genesis Matrix Trading

  • #10,401
  • Mar 5, 2013 1:18am Mar 5, 2013 1:18am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
I'm not seeing a trendline on EU H1 at all.....The H1 PA is a bit random at this stage
and trading that randomness has made me grumpy.... so I've spent some time spreadsheeting out some checklist forms which I must fill out before I place a trade. S.O. on euro/usd as moved to BE just before news so now twice as grumpy.........luckily I will be calmed down by tomorrow and practicing patience, discipline and singing while I work.....
  • #10,402
  • Mar 5, 2013 1:19am Mar 5, 2013 1:19am
And UJ Weekly is looking decidedly ugly......
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,403
  • Mar 5, 2013 1:22am Mar 5, 2013 1:22am
Quoting Jamz
and trading that randomness has made me grumpy.... so I've spent some time spreadsheeting out some checklist forms which I must fill out before I place a trade. S.O. on euro/usd as moved to BE just before news so now twice as grumpy.........luckily I will be calmed down by tomorrow and practicing patience, discipline and singing while I work.....
Trading conditions are not easy during these times.....it always seems to be like this around the 1.30's. We just have to realise that we are stuck in a range and 100 pip moves are unlikely, so we need to grab what we can, when we can
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,404
  • Mar 5, 2013 1:57am Mar 5, 2013 1:57am
Quoting realjumper
Trading conditions are not easy during these times.....it always seems to be like this around the 1.30's. We just have to realise that we are stuck in a range and 100 pip moves are unlikely, so we need to grab what we can, when we can
Do you advise switching to a smaller, more "noisy" tf in this case? like M1-M15 to trade the M15 choppiness?
  • #10,405
  • Mar 5, 2013 2:03am Mar 5, 2013 2:03am
Quoting WDays
Do you advise switching to a smaller, more "noisy" tf in this case? like M1-M15 to trade the M15 choppiness?
Well I can't tell you what to do but M1 trading can work well, but it can also bite you hard because you can't take your eyes off the chart for a second. There hasn't been much on offer on M15 either.

Sometimes we have to recognise that mister market doesn't want to give us anything, and we have to accept that and give him some respect. If we put pressure on mister market to give us something, he can give us the smack down and make us wish we had been more patient!!!

Patience is the key to this business.....we won't be stuck here forever so we must protect our capital first and foremost, so that we are ready to trade when the conditions are suitable
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,406
  • Mar 5, 2013 2:14am Mar 5, 2013 2:14am
Quoting realjumper
Well I can't tell you what to do but M1 trading can work well, but it can also bite you hard because you can't take your eyes off the chart for a second. There hasn't been much on offer on M15 either.

Sometimes we have to recognise that mister market doesn't want to give us anything, and we have to accept that and give him some respect. If we put pressure on mister market to give us something, he can give us the smack down and make us wish we had been more patient!!!

Patience is the key to this business.....we won't be stuck here forever so...
I used to "try" to trade m1-m5 before I found this gem of a thread, and I can see why people say it's career suicide especially for newbie traders... But it's just so frustrating to watch EU hug DR1

I've been thinking of trading the news (which I didn't do before) since it seems thats the only time the market moves, and so I am reading up on news trading with genesis, in particular Yelena's post. I don't understand something though, and I'm not sure who to turn to regarding that... :/

It's basically about her post earlier in this thread:

Quoting yelena
im not RJ. keep in mind that not all strategies work all the time. there are 17 major high impacting news monthly. a personal gauge, if FOMC doesn't whipsaw then its a good indicator that NFP will not whipsaw, and so will the rest of the news til the 30th of the month. 2/17 of them will whipsaw.

but if NFP whipsaws, then only 2/17 will not whipsaw, hence you apply that "let the dust settle" especially on interest rate and speeches

last night i got a shorting price at 2299 in M5. nearest high was 2307,...
I don't quite understand, does she enter before the news come out or when the first candle on m1 appears? If it's the second, then how is she able to put such a tight SL?

The few posts of hers that I've managed to read are brilliant, a true inspiration and it's so sad that she has deleted most of them :/
  • #10,407
  • Mar 5, 2013 2:25am Mar 5, 2013 2:25am
Yelena is still in the forum and posts on the EURUSD thread I think, http://www.forexfactory.com/yelena why not find her and ask her


Quoting WDays
I used to "try" to trade m1-m5 before I found this gem of a thread, and I can see why people say it's career suicide especially for newbie traders... But it's just so frustrating to watch EU hug DR1

I've been thinking of trading the news (which I didn't do before) since it seems thats the only time the market moves, and so I am reading up on news trading with genesis, in particular Yelena's post. I don't understand something though, and I'm not sure who to turn to regarding that... :/

It's basically about her post earlier in this thread:...
  • #10,408
  • Mar 5, 2013 2:27am Mar 5, 2013 2:27am
Quoting WDays
I used to "try" to trade m1-m5 before I found this gem of a thread, and I can see why people say it's career suicide especially for newbie traders... But it's just so frustrating to watch EU hug DR1

I've been thinking of trading the news (which I didn't do before) since it seems thats the only time the market moves, and so I am reading up on news trading with genesis, in particular Yelena's post. I don't understand something though, and I'm not sure who to turn to regarding that... :/

It's basically about her post earlier in this thread:...
Well there's 2 schools of thought regarding news trading. One says "don't do it...stay out and trade after the 'dust settles'".......the other says "news it what moves the markets, it's the best time to trade."

I don't know which is best of the 2 methods. If the news is a decent event, like interest rates (for example), they have the potential to move the market for days, or to set or reverse trends. So it won't matter if you miss the first 5 minutes of the move.

Personally if I am already in a trade, and my trade has a SL in profit then I am usually happy to leave the trade and see what happens. If I'm not yet in a trade, I will wait and see and perhaps pick up some pips after the event.

If I was you and I was thinking about trying some news trading, I would do it on demo and see how you go before risking your money.

As for Yelena, she used an EA to get into news trades, and I'm not convinced that she was actually doing what she said she was doing. The Genesis team decided (not me alone), that we would ban her from this thread because she was also 'Minako'.....you might have seen some of her posts. Yelena and Minako are the same person.....that's why FF deleted the account of Minako. As you know, we are serious about trading here and we don't want to play games or deal with dishonest people. Was Yelena trading for real? Who knows.....she cannot be trusted so I don't wish to speculate on that. You will find her over at the eur/usd thread so you can ask her yourself.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,409
  • Mar 5, 2013 2:29am Mar 5, 2013 2:29am
Quoting realjumper
Well I can't tell you what to do but M1 trading can work well, but it can also bite you hard because you can't take your eyes off the chart for a second. There hasn't been much on offer on M15 either.

Sometimes we have to recognise that mister market doesn't want to give us anything, and we have to accept that and give him some respect. If we put pressure on mister market to give us something, he can give us the smack down and make us wish we had been more patient!!!

Patience is the key to this business.....we won't be stuck here forever so...
Once again very wise words.

Understanding where tradeable opportunities exist, requires awareness of what the market is doing, across TFs, which requires experienced eyes, which can only be achieved with many '000s hours of screen time.

Not just looking at 1 or 2 TFs with a stochastic indie.

Unfortunately only long hard hours at the screen achieves this.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,410
  • Mar 5, 2013 2:40am Mar 5, 2013 2:40am
Quoting realjumper
Well there's 2 schools of thought regarding news trading. One says "don't do it...stay out and trade after the 'dust settles'".......the other says "news it what moves the markets, it's the best time to trade."
My thoughts on news trading, is you need to be a very experienced trader to trade them.

Because of the market's expectations of the news, good news can quickly (without us knowing) suddenly turn and be reassessed as bad, and the market turns.

Unfortunately you cant test for this, because the few number of major news events, how the market interpreted it, etc.

So unless you have a setup very specifically designed to trade major jumps in price, it is extremely difficult.

Yes, at the moment the market is very strongly driven by news, but thats what we have to deal with.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,411
  • Edited 6:37am Mar 5, 2013 4:22am | Edited 6:37am
If you are interested in news trading, I recommand you subscribe daily analysis email service from forexpeacearmy.com. It is free of charge and looks useful. By the way, Henry Liu, who was mentioned by RJ regarding currency strength meter, was providing daily news trading analysis from forexpeacearmy.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,412
  • Mar 5, 2013 5:29am Mar 5, 2013 5:29am
Quoting realjumper
Well there's 2 schools of thought regarding news trading. One says "don't do it...stay out and trade after the 'dust settles'".......the other says "news it what moves the markets, it's the best time to trade."

I don't know which is best of the 2 methods. If the news is a decent event, like interest rates (for example), they have the potential to move the market for days, or to set or reverse trends. So it won't matter if you miss the first 5 minutes of the move.

Personally if I am already in a trade, and my trade has a SL in profit then...
Goes without saying that I would test it on demo first it's just the concept I don't completely grip. As for Yelena/Minako, I've noticed that they're the same person, yeah

But still I find nearly all of her posts very useful, and it seems a lot of people have agreed in the early stages of this thread. I am extremely grateful to everybody involved in this thread because I can feel myself progress way faster than before I came here
  • #10,413
  • Mar 5, 2013 5:38am Mar 5, 2013 5:38am
Quoting heispark
If you are interested in news trading, I recommand you subscribe daily analysis email service from forexpeacearmy.com. It is free of charge and looks useful.
For news trading you need realtime live news with commentary.

The best is Ransquawk, but it costs. I get it for £20 a month.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,414
  • Mar 5, 2013 5:40am Mar 5, 2013 5:40am
Still hanging on. Entered with full red matrix, plus bearish divergence on M5 stoch. Took two thirds of the profit off at +39, the rest is locked at BE +6. Probably not for long; it's looking bullish again.
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mind over matter
  • #10,415
  • Mar 5, 2013 5:45am Mar 5, 2013 5:45am
Quoting Martyfish
For news trading you need realtime live news with commentary.

The best is Ransquawk, but it costs. I get it for £20 a month.
Thanks, Marty. Good to know.
mind over matter
  • #10,416
  • Mar 5, 2013 6:37am Mar 5, 2013 6:37am
Quoting kosmo
Thanks, Marty. Good to know.

No problem Jo.

I find it invaluable, couldn't imagine trading without it.

I remeber before I got it, always scrambling around to see why there was a price spike, news or a random fakeout.

This adds far to more undertstanding price spikes
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,417
  • Edited 6:56am Mar 5, 2013 6:40am | Edited 6:56am
Quoting Martyfish
For news trading you need realtime live news with commentary.

The best is Ransquawk, but it costs. I get it for £20 a month.
That's rather cheap one. I know some providers which charges 200+ dollars per month. By the way, do you have any experience with auto-clicker? Does this work? An analyst after Henry recommended auto-clicker but I wasn't convinced at that time. Anyway, I also start to think that genesis (especially MTF gmts tapes) is often useful in identifying the direction of the market right before the news releases.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,418
  • Mar 5, 2013 6:54am Mar 5, 2013 6:54am
Quoting Martyfish
No problem Jo.

I find it invaluable, couldn't imagine trading without it.

I remeber before I got it, always scrambling around to see why there was a price spike, news or a random fakeout.

This adds far to more undertstanding price spikes
Yes, I suppose it's always good to be aware of the context one's in, no matter what system one trades. Some time ago I came across a book on currency wars, on amazon I guess. Might be an interesting read. Are you familiar with the subject?
mind over matter
  • #10,419
  • Edited 7:28am Mar 5, 2013 6:56am | Edited 7:28am
Quoting heispark
That's rather cheap one. I know some providers which charges 200+ dollars per month. By the way, do you have any experience with auto-clicker? Does this work? An analyst after Henry recommended auto-clicker but I wasn't convinced at that time. Anyway, I also start to think that genesis is often useful in identifying the direction of the market right before the news releases.
It is cheap but this is the cheapest live version http://talking-forex.com

Also their calendar is excellent as it has a moving dark blue line (difficult to explain) of the latest news, so before a trade, I quickly pull that up, make make sure no news isd due for release within a decent time span of my entry

No never heard of "auto-clicker " ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,420
  • Mar 5, 2013 7:12am Mar 5, 2013 7:12am
finally gbp making its move :d
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