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Genesis Matrix Trading

  • #11,661
  • Apr 10, 2013 5:07am Apr 10, 2013 5:07am
Quoting kwissy
Hi Kosmo, how would you tell its a rejection on R1? would it not retest R1 again from the time you enter the trade? Just curious. But you did great as GJ falls now.
I think we can never be sure, especially in such a strong uptrend, but it had two attempts at R1 before the short signal and the M15 stoch started to fall. I took the risk.
mind over matter
  • #11,662
  • Apr 10, 2013 5:09am Apr 10, 2013 5:09am
Quoting kosmo
I think we can never be sure, especially in such a strong uptrend, but it had two attempts at R1 before the short signal and the M15 stoch started to fall. I took the risk.
You hit the nail on the head there Jo. There's nothing wrong with a counter trend trade IF you actually realise that it is counter trend....and you accept the risk.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,663
  • Apr 10, 2013 5:46am Apr 10, 2013 5:46am
Quoting kosmo
Still hanging on though, SL @BE+2.
Out @BE+2, but possible re-entry short if R1 gets rejected again.
mind over matter
  • #11,664
  • Apr 10, 2013 5:49am Apr 10, 2013 5:49am
Quoting kosmo
I think we can never be sure, especially in such a strong uptrend, but it had two attempts at R1 before the short signal and the M15 stoch started to fall. I took the risk.
Thanks for your info. Now GJ has a 3rd rejection on R1 but the m15 stoch is not in the right place.
How about waiting for a signal to short on EJ if there is any, else would go long when right signal comes.
Now very tricky...

Edit: Forget about shorting EJ, too strong uptrend...
  • #11,665
  • Apr 10, 2013 5:53am Apr 10, 2013 5:53am
Quoting kosmo
Out @BE+2, but possible re-entry short if R1 gets rejected again.
Be aware that the correlated GU pair is just above the Daily Pivot........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,666
  • Apr 10, 2013 6:02am Apr 10, 2013 6:02am
Quoting realjumper
You hit the nail on the head there Jo. There's nothing wrong with a counter trend trade IF you actually realise that it is counter trend....and you accept the risk.
Thanks RJ. Plus, BE+2 doesn't hurt, except for the time wasted. Still, nothing ventured, nothing gained
mind over matter
  • #11,667
  • Apr 10, 2013 6:13am Apr 10, 2013 6:13am
Quoting realjumper
Be aware that the correlated GU pair is just above the Daily Pivot........
Just realised GJ is not the most fortunate choice to trade. Both currencies are very weak, resulting in a mad range below R1.

As to correlations, I wonder if there is an indicator (a dashboard) showing which pairs are correlated the most. I know such info can be googled, but it would be handy to have it in MT4, possibly with the closest S/R info included for each pair
mind over matter
  • #11,668
  • Apr 10, 2013 6:26am Apr 10, 2013 6:26am
Quoting kosmo
Just realised GJ is not the most fortunate choice to trade. Both currencies are very weak, resulting in a mad range below R1. As to correlations, I wonder if there is an indicator (a dashboard) showing which pairs are correlated the most. I know such info can be googled, but it would be handy to have it in MT4, possibly with the closest S/R info included for each pair
I don't know Jo...maybe such a thing exists. Have a search when you get time. I like my charts clean so I never bothered to look for one, but it might exist.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,669
  • Apr 10, 2013 6:35am Apr 10, 2013 6:35am
Quoting kwissy
Thanks for your info. Now GJ has a 3rd rejection on R1 but the m15 stoch is not in the right place. How about waiting for a signal to short on EJ if there is any, else would go long when right signal comes. Now very tricky... Edit: Forget about shorting EJ, too strong uptrend...
I might consider a short counter trade on EJ if it falls below R1 and there's a good signal. It has to pull back eventually. But it doesn't have to be today or this week
mind over matter
  • #11,670
  • Apr 10, 2013 7:03am Apr 10, 2013 7:03am
what just happen, anyone?? sudden big crash hope no casualties...
  • #11,671
  • Apr 10, 2013 7:05am Apr 10, 2013 7:05am
Quoting realjumper
I don't know Jo...maybe such a thing exists. Have a search when you get time. I like my charts clean so I never bothered to look for one, but it might exist.
That's ok, RJ. I was just thinking aloud
mind over matter
  • #11,672
  • Apr 10, 2013 7:06am Apr 10, 2013 7:06am
Quoting kwissy
what just happen, anyone?? sudden big crash hope no casualties...
It's that puppet idiot Kuroda yappin: http://www.forexlive.com/blog/2013/0...netary-policy/
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,673
  • Apr 10, 2013 7:12am Apr 10, 2013 7:12am
Quoting realjumper
It's that puppet idiot Kuroda yappin: http://www.forexlive.com/blog/2013/0...netary-policy/
Oh, how come its not reflected in the forexfactory's economy calendar??? Its such an important figure speaking...should have shorted and hold, I get out too quickly only manage to grab +3pips... but then again its dangerous, not for the faint heart...
  • #11,674
  • Apr 10, 2013 7:14am Apr 10, 2013 7:14am
Quoting kwissy
Oh, how come its not reflected in the forexfactory's economy calendar??? Its such an important figure speaking...should have shorted and hold, I get out too quickly only manage to grab +3pips... but then again its dangerous, not for the faint heart...
It was just an interview with some journalists.....can't put all the idiots yapping to reporters on the calendar!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,675
  • Apr 10, 2013 7:16am Apr 10, 2013 7:16am
Quoting kwissy
what just happen, anyone?? sudden big crash hope no casualties...
I hope there are no casualties... There is, for sure, at least one happy winner
Attached Image (click to enlarge)
Click to Enlarge Name: gj1.jpg Size: 12 KB
mind over matter
  • #11,676
  • Apr 10, 2013 7:17am Apr 10, 2013 7:17am
Quoting realjumper
It was just an interview with some journalists.....can't put all the idiots yapping to reporters on the calendar!!
lol that's very true. seems like its a short now, but SL too high, i'll give it a pass until see how much it pullback or just miss it entirely. Its safer to keep money in the tin can nowadays...
  • #11,677
  • Apr 10, 2013 7:20am Apr 10, 2013 7:20am
Quoting kosmo
I hope there are no casualties... There is, for sure, at least one happy winner {image}
Impressive! Wow, you shorted since 2 hours ago?? how u do that?
congrats!
  • #11,678
  • Apr 10, 2013 7:21am Apr 10, 2013 7:21am
Quoting kwissy
lol that's very true. seems like its a short now, but SL too high, i'll give it a pass until see how much it pullback or just miss it entirely. Its safer to keep money in the tin can nowadays...
If you read the main points he made to the reporters via that link I posted, you can see the reason for the drop. I expect the market will be confused for a while now as it tries to sort out all the double speak, contradictions and outright lies in what he said!! He must think we're all stupid and have very short memories!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,679
  • Apr 10, 2013 7:24am Apr 10, 2013 7:24am
Quoting kwissy
Impressive! when did you put your fingers to click on it? congrats!
Thanks! I took the second short signal after all. It wasn't perfect as the stochs were all messed up, but I just felt that R1 was going to hold
mind over matter
  • #11,680
  • Apr 10, 2013 7:31am Apr 10, 2013 7:31am
Quoting kosmo
Thanks! I took the second short signal after all. It wasn't perfect as the stochs were all messed up, but I just felt that R1 was going to hold
Wow, such instinct is hard to come by, requires high experiences and trainings to beat the indicators...
Looks like I need lots of chart time to watch the flow and reaction to pivot points.
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