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Genesis Matrix Trading

  • #11,181
  • Mar 21, 2013 9:39pm Mar 21, 2013 9:39pm
The Kiwi is in a tricky situation here...hmmmm
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,182
  • Mar 21, 2013 9:43pm Mar 21, 2013 9:43pm
Quoting realjumper
The Kiwi is in a tricky situation here...hmmmm
Morning, RJ

No big news today, hopefully it will be a bit easier to trade with Genesis.

I just realized that's it's almost 6 p.m. in your corner of the world Sorry, still sleeping and need large mug of coffee!
  • #11,183
  • Mar 21, 2013 11:04pm Mar 21, 2013 11:04pm
Quoting kosmo
Scalping update (for Jamz)

Attachment

The one that did not close in TP was still a winner, albeit smaller. The lvoe EA stopped working and I had to close the trade manually (in cold blood)

Attachment
Hello All Senior Genesis Trader,

I am a bit confuse... There were posts that suggested to use H1 stoch also. This means we will have 3 timeframes stochastic (M5, M15, H1). Do we need to wait until all 3 aligned pointing to either upside/downside, or we just need M5/M15 aligned as originally introduced by RJ?

thank you,
-dreamcatcher-
  • #11,184
  • Mar 21, 2013 11:15pm Mar 21, 2013 11:15pm
Quoting dreamcatcher
Hello All Senior Genesis Trader,

I am a bit confuse... There were posts that suggested to use H1 stoch also. This means we will have 3 timeframes stochastic (M5, M15, H1). Do we need to wait until all 3 aligned pointing to either upside/downside, or we just need M5/M15 aligned as originally introduced by RJ?

thank you,
-dreamcatcher-
Just the M5/M15 is enough. Some prefer the longer timeframes for various reasons, but just follow the system and you'll be fine
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,185
  • Edited 11:36pm Mar 21, 2013 11:20pm | Edited 11:36pm
Quoting Cold_W
Morning, RJ

No big news today, hopefully it will be a bit easier to trade with Genesis.

I just realized that's it's almost 6 p.m. in your corner of the world Sorry, still sleeping and need large mug of coffee!
Yep...almost time for sheep to go to sleep and free the rest of us up

Somehow I get this gut feeling that a decision on the Cyprus debacle is going to happen either tonight, or more likely over the weekend. I say this because Monday is the day that the IMF and ECB will stop giving money to the banks in Cyprus, unless Cyprus buckles to the will of the EUR. So.....if they buckle and get the money, we might see a big gap up on Monday. If they don't, we might see a big gap down as the euro tanks.

Of course I don't know for sure if either of those scenario's will pan out, but I sure wouldn't want to leave any trades open over the weekend!!

Edit: Sorry.....I said Greece but I meant Cyprus....fixed now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,186
  • Mar 21, 2013 11:42pm Mar 21, 2013 11:42pm
Quoting realjumper
Yep...almost time for sheep to go to sleep and free the rest of us up
Here it's time to have a shot of vodka, sing and play the balalaika
  • #11,187
  • Mar 21, 2013 11:44pm Mar 21, 2013 11:44pm
Quoting realjumper
Just the M5/M15 is enough. Some prefer the longer timeframes for various reasons, but just follow the system and you'll be fine
Thank you RJ,
Will try again today, yesterday my result was not good
Have to learn more about stochastic, have learned from your tutorial video also.
Perhaps my most problem is that I am not patience enough to wait for the best setup with ideal stochastic position. Sometimes I look at them pointing to particular direction as stated by Genesis Matrix (even M5 stochastic not coming from 20/80 area) and I jump right away....

regards,
-dreamcatcher-
  • #11,188
  • Mar 21, 2013 11:45pm Mar 21, 2013 11:45pm
Quoting dreamcatcher
Thank you RJ,
Will try again today, yesterday my result was not good
Have to learn more about stochastic, have learned from your tutorial video also.
Perhaps my most problem is that I am not patience enough to wait for the best setup with ideal stochastic position. Sometimes I look at them pointing to particular direction as stated by Genesis Matrix (even M5 stochastic not coming from 20/80 area) and I jump right away....

regards,
-dreamcatcher-
If there is a 'holy grail' in fx trading, it must surely be Patience!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,189
  • Mar 21, 2013 11:46pm Mar 21, 2013 11:46pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Cold_W
Here it's time to have a shot of vodka, sing and play the balalaika
Olga is there too I hope?
  • #11,190
  • Mar 21, 2013 11:47pm Mar 21, 2013 11:47pm
Quoting realjumper
Somehow I get this gut feeling that a decision on the Cyprus debacle is going to happen either tonight, or more likely over the weekend. I say this because Monday is the day that the IMF and ECB will stop giving money to the banks in Cyprus, unless Cyprus buckles to the will of the EUR. So.....if they buckle and get the money, we might see a big gap up on Monday. If they don't, we might see a big gap down as the euro tanks.
This morning on radio talkshow I heard discussions if Russia should help Cyprus and make bigwigs from EU infuriated.
  • #11,191
  • Mar 21, 2013 11:50pm Mar 21, 2013 11:50pm
Quoting Jamz
Olga is there too I hope?
Plenty of pretty girls around here, you should see for yourself
  • #11,192
  • Mar 21, 2013 11:51pm Mar 21, 2013 11:51pm
Quoting Cold_W
This morning on radio talkshow I heard discussions if Russia should help Cyprus and make bigwigs from EU infuriated.
Yes I hear the same. In all honesty, although it would be a bit cheeky of Russia to get involved, if they did, it might put Merkel, Barroso etc in their place. In fact the more I think about it, the more I like the idea!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,193
  • Mar 21, 2013 11:54pm Mar 21, 2013 11:54pm
Quoting realjumper
Yes I hear the same. In all honesty, although it would be a bit cheeky of Russia to get involved, if they did, it might put Merkel, Barroso etc in their place. In fact the more I think about it, the more I like the idea!!!
I don't see why it would be a bit cheeky, after all Russia has also given large credit to Cyprus.
  • #11,194
  • Mar 21, 2013 11:59pm Mar 21, 2013 11:59pm
And don't forget we still have A-bomb
  • #11,195
  • Mar 22, 2013 12:03am Mar 22, 2013 12:03am
Quoting Cold_W
I don't see why it would be a bit cheeky, after all Russia has also given large credit to Cyprus.
Well the cheek would come because the ECB is responsible for the financial affairs of the member countries....and they have put stipulations of Cyprus as to what they must do to secure the help of the ECB. For another country to step in from outside the EU and lend the money it would undermine the whole principal of the EZ. Also, the debt of Cyprus is something in the region of 300% of the whole countries worth.....so they just cannot carry on down their current path. If Cyprus were to (more or less) tell the ECB to get lost, they have got the money from outside the EZ, then Cyprus would have to leave the EUR immediately.

Having said that, Russia does not want it's considerable funds in Cypriot banks to be given a 'haircut'.....so if they lend the money, then their investments in Cypriot banks is safe.

So, Cyprus finds itself between a rock and a hard place.......what to do?.....what to do?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,196
  • Mar 22, 2013 12:06am Mar 22, 2013 12:06am
Quoting Cold_W
And don't forget we still have A-bomb
And Vodka
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,197
  • Mar 22, 2013 12:10am Mar 22, 2013 12:10am
Quoting realjumper
Well the cheek would come because the ECB is responsible for the financial affairs of the member countries....and they have put stipulations of Cyprus as to what they must do to secure the help of the ECB. For another country to step in from outside the EU and lend the money it would undermine the whole principal of the EZ. Also, the debt of Cyprus is something in the region of 300% of the whole countries worth.....so they just cannot carry on down their current path. If Cyprus were to (more or less) tell the ECB to get lost, they have got the money...
Fair enough, but Cyprus is still (for how long???) independent state and has a right for it's own policy.
Anyway, there is no easy way out, it's a trap.
  • #11,198
  • Mar 22, 2013 12:12am Mar 22, 2013 12:12am
Quoting Cold_W
Fair enough, but Cyprus is still (for how long???) independent state and has a right for it's own policy.
Anyway, there is no easy way out, it's a trap.
Unfortunately much independence was lost the moment they (and the others) signed up for EUR membership...read the small print!!!

But yeah.....they are trapped.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,199
  • Mar 22, 2013 12:15am Mar 22, 2013 12:15am
Quoting realjumper
Unfortunately much independence was lost the moment they (and the others) signed up for EUR membership...read the small print!!!

But yeah.....they are trapped.
You must be glad that NZ is so far from EU and it will never fall into such a snare!
  • #11,200
  • Mar 22, 2013 12:16am Mar 22, 2013 12:16am
Short setup brewing on GU???
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