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Genesis Matrix Trading

  • #11,241
  • Mar 22, 2013 7:20am Mar 22, 2013 7:20am
Quoting kosmo
Have you got any message from them like Cold_W did? As far as I can see they are FSA and ASIC regulated too, so hopefully it's not a lost case.
No, i havent received any message from FxPro. When i sent some money to FxPro i had choice : Hellenic Bank or Bercleys. Both of them are in ciprus.
  • #11,242
  • Mar 22, 2013 7:28am Mar 22, 2013 7:28am
Quoting Martyfish
I got the same email.

As far as I understand, their Corporate HO is registered in Cyprus (for tax reasons), but clients money is not in Cyprus.

Mind you I have a minimal account balance with them, just to run a live version of Metatrader, my main trading account is with IG
I have an unfunded account with IG and I did demo with them for a while, but I think you'd agree they're not exactly scalper friendly... I know they do offer L2 access, but I'm not sure if that's the same as the ECN model.
mind over matter
  • #11,243
  • Mar 22, 2013 7:35am Mar 22, 2013 7:35am
Quoting realjumper
No problem.

Just looking at my 2 latest exits, it might have been a good move to exit early as the PA just isn't going to make it to the DP....not yet anyway. Sometimes that 'gut feeling' is correct!!
It definitely was. And I shall reply with your own words of wisdom that one can always re-enter if the setup is still valid after the breach and retest of the DP
mind over matter
  • #11,244
  • Mar 22, 2013 7:42am Mar 22, 2013 7:42am
Quoting kosmo
It definitely was. And I shall reply with your own words of wisdom that one can always re-enter if the setup is still valid after the breach and retest of the DP
Exactly

It's been such a good for me that I won't be trading any more today.

The whole Cyprus issue apart from being so sad for the people on the street, is interesting. We have discussed how Cyprus govt finds itself trapped, and if I had a gun at my head, I would say that they are going to take the deal from the ECB and IMF and then they will have to take whatever protest comes from the people. To not take the deal will mean bankruptcy and then the protest from the people as well!!

So.....I reckon they will take the deal......EU will go high and close last weeks gap, and next week we'll be stuck in the 1.30 range.....again!!!

We'll see.

Now it's coffee time again
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,245
  • Mar 22, 2013 7:50am Mar 22, 2013 7:50am
Quoting realjumper
I can show you these 2......the others were no really true to the system so I won't post those. These 2 trades I just close a short while ago because EJ is struggling under the DP....and GJ is correlated.

Sorry...wrong chart was uploaded before.....corrected now
Hi RJ,
I have a question for EJ setup. How can you be sure that this entry is a reversal instead of retrace of a downtrend?
I didn't take the setup because I thought it was a retrace, considering stochastic M15 on the point 1 starting from the 80 zone, then on the point 2 it can't get higher than around 50 zone and I took this as a sign that downtrend was strong.

thank you,
-dreamcatcher-
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-22032013-1.png Size: 49 KB
  • #11,246
  • Mar 22, 2013 7:58am Mar 22, 2013 7:58am
Quoting dreamcatcher
Hi RJ,
I have a question for EJ setup. How can you be sure that this entry is a reversal instead of retrace of a downtrend?
I didn't take the setup because I thought it was a retrace, considering stochastic M15 on the point 1 starting from the 80 zone, then on the point 2 it can't get higher than around 50 zone and I took this as a sign that downtrend was strong.

thank you,
-dreamcatcher-
Well you can never be sure....ever!! But, the long tail on that candle got my attention because you will see that time and time again as a move bottoms out. Plus, it was an outright bounce off the support line, and 3 candles later it seemed to be in the throws of making a classic 'V' bottom......which it did as it turns out. So we have those reasons, plus the 2 stochs showing that a change was possible coming.....and, a cheap SL made the entries worth the risk, to me.

Things like that there is no way to teach you. It immediately caught my eye because I have seen it happen so many times before that it kind of jumps out at me. If you look through your charts will see that move repeated all over the place.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 222 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,247
  • Mar 22, 2013 8:08am Mar 22, 2013 8:08am
Here's another one on the EU Daily chart that I have been posting for a few weeks now. I was pretty sure that the long bull run was over when I saw that topping out candle.
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,248
  • Mar 22, 2013 8:13am Mar 22, 2013 8:13am
Quoting realjumper
Well you can never be sure....ever!! But, the long tail on that candle got my attention because you will see that time and time again as a move bottoms out. Plus, it was an outright bounce off the support line, and 3 candles later it seemed to be in the throws of making a classic 'V' bottom......which it did as it turns out. So we have those reasons, plus the 2 stochs showing that a change was possible coming.....and, a cheap SL made the entries worth the risk, to me.

Things like that there is no way to teach you. It immediately caught my eye...
Thank you for your explanation, RJ...
I need more screen time with Stochastic then
Still struggling to read the "meaning" of stochastic movement: retrace or reverse, buy or sell and so on, especially when I find the setup just like that EJ I marked before.
Will hang around and hopefully I can learn a lot here.

thank you,
-dreamcatcher-
  • #11,249
  • Mar 22, 2013 8:16am Mar 22, 2013 8:16am
Quoting dreamcatcher
Thank you for your explanation, RJ...
I need more screen time with Stochastic then
Still struggling to read the "meaning" of stochastic movement: retrace or reverse, buy or sell and so on, especially when I find the setup just like that EJ I marked before.
Will hang around and hopefully I can learn a lot here.

thank you,
-dreamcatcher-
It's a matter of collecting all the information that the indicators are showing us....including the candles, because they are indicators too.....and then seeing what those indicators *collectively* are trying to tell us. When we figure that out, then we can look at each indicator more closely to try and determine if the signal is for real, or if it's a fake out. It's just takes time, patience.....and a hell of a lot of coffee
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,250
  • Mar 22, 2013 8:21am Mar 22, 2013 8:21am
Ok...that's it for me this week.....it's 2.15 am so it's sleep time for me. Please make sure you close all trades for the weekend....we might see a huge gap one way or the other on Monday, and I'd hate any of you to get caught out.

Have a great weekend

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,251
  • Mar 22, 2013 8:22am Mar 22, 2013 8:22am
Quoting realjumper
It's a matter of collecting all the information that the indicators are showing us....including the candles, because they are indicators too.....and then seeing what those indicators *collectively* are trying to tell us. When we figure that out, then we can look at each indicator more closely to try and determine if the signal is for real, or if it's a fake out. It's just takes time, patience.....and a hell of a lot of coffee
If only that coffee can make me understand 80% of the indi reading... I don't mind to drink coffee all day
Looking from your chart, I suppose you don't have additional indi for the direction compass except those you provided in the template?
  • #11,252
  • Mar 22, 2013 8:24am Mar 22, 2013 8:24am
Quoting realjumper
Ok...that's it for me this week.....it's 2.15 am so it's sleep time for me. Please make sure you close all trades for the weekend....we might see a huge gap one way or the other on Monday, and I'd hate any of you to get caught out.

Have a great weekend

RJ
You too, RJ. Night night
mind over matter
  • #11,253
  • Mar 22, 2013 9:25am Mar 22, 2013 9:25am
How ironic, now being reported EU bailout of Cyprus to be agreed within hours.

No details !!

How surprising, another EU solution with no details !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,254
  • Mar 22, 2013 9:50am Mar 22, 2013 9:50am
Deal off ????????????????????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,255
  • Mar 22, 2013 9:52am Mar 22, 2013 9:52am
Details rejected !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,256
  • Mar 22, 2013 9:55am Mar 22, 2013 9:55am
Quoting Martyfish
How ironic, now being reported EU bailout of Cyprus to be agreed within hours.

No details !!

How surprising, another EU solution with no details !!
That may simply indicate that those EU wankers have no clear plan so far
  • #11,257
  • Mar 22, 2013 12:03pm Mar 22, 2013 12:03pm
Fitch put UK on negative watch !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,258
  • Mar 22, 2013 12:33pm Mar 22, 2013 12:33pm
hello I would like your opinion on my 2 position on EU today. You took the same spot?
Attached Image (click to enlarge)
Click to Enlarge Name: avis.jpg Size: 314 KB
  • #11,259
  • Mar 22, 2013 6:15pm Mar 22, 2013 6:15pm
Quoting dreamcatcher
If only that coffee can make me understand 80% of the indi reading... I don't mind to drink coffee all day
Looking from your chart, I suppose you don't have additional indi for the direction compass except those you provided in the template?
What's a 'direction compass?'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,260
  • Mar 22, 2013 8:18pm Mar 22, 2013 8:18pm
Quoting realjumper
What's a 'direction compass?'
I mean the main trend direction... sorry just stealing that "compass" word from the PDF
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