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Genesis Matrix Trading

  • #11,561
  • Apr 4, 2013 5:47pm Apr 4, 2013 5:47pm
Quoting wiz3003
You can't imagine how much this is true. I wrote at the beginning of this thread RJ is a great man ... Now I know him better I can only confirm it once again. Grazie ;-)
Absolutely, Wiz!
mind over matter
  • #11,562
  • Apr 4, 2013 5:50pm Apr 4, 2013 5:50pm
Quoting kosmo
Absolutely, Wiz!
You people are making me shy.......go to bed!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,563
  • Apr 4, 2013 5:51pm Apr 4, 2013 5:51pm
Quoting nikz
No matter how often I hear advise not to trade against the trend, I very often get tempted. That happened today with my first trade. Also my SL was to big so I took a big loss -43 pips. Somehow when I see M5 and M15 arrows almost in the same time, I can get a wrong impression of HPT. Right after I jumped for long, in-trend trade with very nice stochs and both arrows and got my +150 pips from the market. I usually want all my positions closed before London close, but now I can see that it went up for 80 pips more. MTF (15) stoch can be...
You're not alone there, nikz. Thumbs up for your openness

We'll get there eventually!
mind over matter
  • #11,564
  • Apr 4, 2013 5:54pm Apr 4, 2013 5:54pm
Quoting realjumper
Exactly right Marty.....Windoze assumes that it will be the boss of the machine, not you. Windoze sux in sooooo many ways!
ok, ok... I got it now
mind over matter
  • #11,565
  • Apr 4, 2013 5:58pm Apr 4, 2013 5:58pm
Quoting realjumper
You people are making me shy.......go to bed!!!
As if it was to change anything of what was said...

Anyway, good night/day RJ!
mind over matter
  • #11,566
  • Apr 4, 2013 6:01pm Apr 4, 2013 6:01pm
Quoting kosmo
As if it was to change anything of what was said... Anyway, good night/day RJ!
Good night Jo......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,567
  • Apr 5, 2013 1:02am Apr 5, 2013 1:02am
Quoting nikz
No matter how often I hear advise not to trade against the trend, I very often get tempted. That happened today with my first trade. Also my SL was to big so I took a big loss -43 pips. Somehow when I see M5 and M15 arrows almost in the same time, I can get a wrong impression of HPT. Right after I jumped for long, in-trend trade with very nice stochs and both arrows and got my +150 pips from the market. I usually want all my positions closed before London close, but now I can see that it went up for 80 pips more. MTF (15) stoch can be...
Nikz,

If you use my MAs, discussed yesterday, you would see on M15 PA was strongly above 60SMA and 25EMA.

On strong trending days, NEVER, NEVER trade against the trend, your assumption should always be this is another retracement, I will be patient.
Attached Image (click to enlarge)
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I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,568
  • Apr 5, 2013 1:39am Apr 5, 2013 1:39am
Quoting Martyfish
Nikz, If you use my MAs, discussed yesterday, you would see on M15 PA was strongly above 60SMA and 25EMA. On strong trending days, NEVER, NEVER trade against the trend, your assumption should always be this is another retracement, I will be patient. {image}
Good advice Marty...and if a person is ever unsure of the trend....sit it out or find another pair to trade. You don't *have* to have a trade running just because the market is moving. Take the trade when it ticks all the boxes.....waiting costs nothing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,569
  • Apr 5, 2013 1:39am Apr 5, 2013 1:39am
Thanks for sharing Marty. Your input is always valued.
  • #11,570
  • Apr 5, 2013 1:45am Apr 5, 2013 1:45am
Quote just on news wires:

ECB's Coeure says "Euro area growth slowing"

Ummmm, excuse me isnt EZ in recession for the last 3 quarters ??

I think he meant EZ recession deepening
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,571
  • Apr 5, 2013 1:51am Apr 5, 2013 1:51am
Quoting Martyfish
Quote just on news wires: ECB's Coeure says "Euro area growth slowing" Ummmm, excuse me isnt EZ in recession for the last 3 quarters ?? I think he meant EZ recession deepening
Yeah.....just 2 more quarters and they will qualify for the grand prize......a fully fledged depression!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,572
  • Apr 5, 2013 1:56am Apr 5, 2013 1:56am
Quoting Martyfish
Nikz, If you use my MAs, discussed yesterday, you would see on M15 PA was strongly above 60SMA and 25EMA. On strong trending days, NEVER, NEVER trade against the trend, your assumption should always be this is another retracement, I will be patient. {image}

Also many others tips here:

- 5EMA "significantly" above 25EMA
- 25EMA & 60SMA are "virtually" parrallel

All says "to me" trend is continuing

Wait for 25EMA to turn down towards 60SMA to tell you trend is weakening; that doesnt mean sell, it means trend is weakening !!

After a strong move like that I would wait for 25EMA to cross below 60SMA on M15, then wait for PA to recross above 5EMA; ie a retracement, but remain below 25EMA before shorting; and you MUST get Genesis M15 arrows to signify end of trend
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,573
  • Apr 5, 2013 2:04am Apr 5, 2013 2:04am
SNB Foreign Currency Reserves is on the up......currently sitting at 438 billion....up 8 billion.....which, imo adds weight to them being the rats that are artificially propping up the Euro. They got burnt before doing this, and I hope they get burnt again.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,574
  • Apr 5, 2013 2:09am Apr 5, 2013 2:09am
Quoting realjumper
Yeah.....just 2 more quarters and they will qualify for the grand prize......a fully fledged depression!!

There was an interview on telly this week, with some Euro economists, who were discussing openly the conditions and factors where social cohesion is breaking down in Greece/Spain/Italy

It was scary stuff
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,575
  • Apr 5, 2013 2:12am Apr 5, 2013 2:12am
Quoting Martyfish
There was an interview on telly this week, with some Euro economists, who were discussing openly the conditions and factors where social cohesion is breaking down in Greece/Spain/Italy
Which is what Nigel Farage warned about some 18 months ago ......... but Barroso and the other idiots aren't listening.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,576
  • Apr 5, 2013 2:20am Apr 5, 2013 2:20am
Quoting realjumper
Which is what Nigel Farage warned about some 18 months ago ......... but Barroso and the other idiots aren't listening.
The Greek PM was quoted as saying that Greece would return to growth later this year.

It is really difficult to believe that the EZ politicians are actually (and I cant believe intentionally) thinking the path they are on will lead to prosperity.

Dont know how much worse it will get before something snaps; dont know what it will be; or when; but it will be seismic
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,577
  • Apr 5, 2013 2:23am Apr 5, 2013 2:23am
Good morning everyone.
Which way to E/J?
M5 seems to show up but there is strong resistance near to MR1 ...
"Nothing is so useful to man, as the resolution without hurry". Henry Ford
  • #11,578
  • Apr 5, 2013 2:26am Apr 5, 2013 2:26am
Quoting Martyfish
The Greek PM was quoted as saying that Greece would return to growth later this year.
He was probably mistranslated and he said "collapse", not "growth"....

Hello, RJ, Marty and all other respected members!
  • #11,579
  • Apr 5, 2013 2:27am Apr 5, 2013 2:27am
Quoting Martyfish
The Greek PM was quoted as saying that Greece would return to growth later this year. It is really difficult to believe that the EZ politicians are actually (and I cant believe intentionally) thinking the path they are on will lead to prosperity. Dont know how much worse it will get before something snaps; dont know what it will be; or when; but it will be seismic
The Greek PM has zero credibility, so he may as well shut that hole under his nose and let the grown ups talk!

A third form economics student will tell you in simple terms that one cannot 'austerity' their way to prosperity. It is simply impossible.

The United States of Europe is a nice dream, but it can never happen, and that same third for student could explain why not......hell.....a first form student could probably explain it quite well too.

The original Common Market idea had merit.....this Eurozone is just causing untold harm to real people and their families.....they may as well get ready for the seismic event, because it will be better than the current slow death....imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,580
  • Apr 5, 2013 2:29am Apr 5, 2013 2:29am
Quoting PT-onyfx
Good morning everyone. Which way to E/J? M5 seems to show up but there is strong resistance near to MR1 ...
Good Evening

http://www.forexfactory.com/showthre...78#post6576678
Doing what you like is Freedom. Liking what you do is Happiness.
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