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Genesis Matrix Trading

  • #11,061
  • Mar 20, 2013 7:12am Mar 20, 2013 7:12am
Quoting realjumper
I'll be fast asleep, but the big market mover could be the FOMC in about 6 hours from now.....it often is worth a look at
I'll make sure I'll be there. Thanx for that RJ.
.... laughing all the way to the bank
  • #11,062
  • Mar 20, 2013 7:13am Mar 20, 2013 7:13am
Quoting realjumper
Please.....for the sake of my sanity.....use the considerable resources that we have made available to you on Post #1......use the Search function of this thread. I am not going to to keep on repeating the same thing ad infinitum......sigh......the Stochastic IS NOT an oversold/overbought indicator. If it was, it would have been included in the Matrix. The stochastic can stay 'overbought' for a LONG time.....it is showing the strength of the bulls.....it does NOT mean that the PA needs to reverse.
Sorry, thank you for your kind response. Noted and will not repeat again.
  • #11,063
  • Mar 20, 2013 7:14am Mar 20, 2013 7:14am
Quoting itsallover
I'll make sure I'll be there. Thanx for that RJ.
Also it is the GBP Annual Budget Release in about 15 minutes......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,064
  • Mar 20, 2013 7:16am Mar 20, 2013 7:16am
Quoting kwissy
Sorry, thank you for your kind response. Noted and will not repeat again.
It's good to ask questions kwissy, but it's also good to do some research of your own, otherwise it makes life very hard for us. All the information is here.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,065
  • Mar 20, 2013 7:25am Mar 20, 2013 7:25am
Quoting itsallover
I'm watching these two as well but I wonder if we'll get any movement before the GBP News
A nice spike to R1 instead, and +4 for my quick scalp. Next stop, FOMC
mind over matter
  • #11,066
  • Mar 20, 2013 7:29am Mar 20, 2013 7:29am
Quoting realjumper
I had a fresh pot of coffee that I didn't want to spill
Fresh, hot and aromatic...it's definitely coffee time on this side of the planet too!
mind over matter
  • #11,067
  • Mar 20, 2013 7:30am Mar 20, 2013 7:30am
Quoting kosmo
Fresh, hot and aromatic...it's definitely coffee time on this side of the planet too!
Enjoy
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,068
  • Mar 20, 2013 8:41am Mar 20, 2013 8:41am
Quoting kosmo
Bearish divergence on EU and EJ M15...
Regarding divergence, I like Joe Dinapoli's note in his book: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,069
  • Mar 20, 2013 9:02am Mar 20, 2013 9:02am
Quoting kosmo
A nice spike to R1 instead, and +4 for my quick scalp. Next stop, FOMC
Good job Jo.
I'm hoping to enter EJ short if it behaves
.... laughing all the way to the bank
  • #11,070
  • Mar 20, 2013 9:02am Mar 20, 2013 9:02am
Quoting heispark
Regarding divergence, I like Joe Dinapoli's note in his book: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique...
Thanks heispark. Caution, focus, patience and confirmation first!

In the meantime... bearish divergence on UJ M15
mind over matter
  • #11,071
  • Mar 20, 2013 9:08am Mar 20, 2013 9:08am
Quoting itsallover
Good job Jo.
I'm hoping to enter EJ short if it behaves
Thanks, Kelly. Looking at UJ as well, as it might give up first.
mind over matter
  • #11,072
  • Mar 20, 2013 9:18am Mar 20, 2013 9:18am
Quoting kosmo
Thanks, Kelly. Looking at UJ as well, as it might give up first.
You should be able to easily get your 4 pips there
.... laughing all the way to the bank
  • #11,073
  • Mar 20, 2013 9:46am Mar 20, 2013 9:46am
should we always respect the Pivot point , just seen that there opportunity but some time entry above dp or some time below it but opposite signal !
  • #11,074
  • Mar 20, 2013 9:52am Mar 20, 2013 9:52am
Quoting kosmo
Thanks heispark. Caution, focus, patience and confirmation first!

In the meantime... bearish divergence on UJ M15
I gave up trying to spot divergences some time ago.

Now just wait for PA to respect/break S&R with a good stoch setup, in the direction of HTF trend
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,075
  • Mar 20, 2013 9:55am Mar 20, 2013 9:55am
Quoting waheedpcc
should we always respect the Pivot point , just seen that there opportunity but some time entry above dp or some time below it but opposite signal !
Only respect pivots, when PA respects it.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,076
  • Mar 20, 2013 10:35am Mar 20, 2013 10:35am
Quoting itsallover
You should be able to easily get your 4 pips there
Nothing's really moving. I'm staying flat for now.
mind over matter
  • #11,077
  • Mar 20, 2013 10:46am Mar 20, 2013 10:46am
Hi everybody and thanks for sharing your knowledge
In less than three hours we have the FOMC. But, with the big notices I have always the same problem, I donīt know what to do.

First I see what happen, but only enter with genesis signal if this appear twenty minutes after or more time.

Is correct for you? What strategy do you use in this case?
Thanks and good luck
  • #11,078
  • Mar 20, 2013 10:46am Mar 20, 2013 10:46am
Quoting Martyfish
I gave up trying to spot divergences some time ago.

Now just wait for PA to respect/break S&R with a good stoch setup, in the direction of HTF trend
Thanks Marty. Will keep that in mind.
mind over matter
  • #11,079
  • Mar 20, 2013 11:36am Mar 20, 2013 11:36am
I have a question that I can't seem to find the answer for. I looked and read the guide book plus clicked on the indicator links as well with no luck. What exactly do the M5 arrow and the M15 arrow correspond to? I understand its use as a confirmation and not necessarily for an entry (or exit) but I can't find what exactly the m5 and m15. I think it relates to stochastic but that's all I can figure out . Thanks.
I love forex. One day it will love me back.
  • #11,080
  • Mar 20, 2013 11:41am Mar 20, 2013 11:41am
Quoting Martyfish
Only respect pivots, when PA respects it.
if you don't mind can express some deeper info , because em missing lot of opportunity
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