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Genesis Matrix Trading

  • #12,861
  • May 6, 2013 2:42am May 6, 2013 2:42am
Quoting Jamz
{quote} {image}
OMG, they do look nice indeed
BTW, when is the best time to visit NZ?
  • #12,862
  • May 6, 2013 2:42am May 6, 2013 2:42am
Quoting sio bel
Hi Guys, this is my first live trading day...!!! A bit of movement on the USD/JPY, 30 pips up already, Thanks for all your downloads/uploads/advice/mentoring/ Watch out newbies....try to work it out for your self, ...then ask nicely..(very nicely) P.S. I visited New Zealand last year and all the people there are very,very,very nice....!!!
Congratulations on your first live day.....take it slow and steady and you'll do ok
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,863
  • May 6, 2013 2:52am May 6, 2013 2:52am
Quoting realjumper
Here is an example of a HPT from today. Yes it's right in front of Frankie hour but it has got everything in it's favour including the fact that this pair has been climbing for the past 24 hours. A similar setup appeared before Tokyo open, and you could have taken that one as well. You would have had a long wait, but so what? {image}
Hi RJ. I would like to ask you again about HPT because i have some problems in this matter. Signal on your screen is of course very profitable but look at my screen below. It is the same signal but my screen ends on time of that trade. I think that situalion is difficult. OK, M5 stoch , candle, MA, bounce of pivot are good. Price is higher than 24 hours ago(it is up trend).
But... as you see price is in 30 pips narrow congestion for good 10 hours. It is very narrow for this volatile pair.

I have read many times in this thread and in your posts too (written as answer to my lost trades screens also) that it is better to avoid this kind of entries and one should wait till breakout.
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  • #12,864
  • May 6, 2013 3:05am May 6, 2013 3:05am
Quoting padila
{quote} Best wishes, let us know how you get on.
Thanks, will do so !

Quoting geomink
{quote} are you serious?
Yes?
  • #12,865
  • May 6, 2013 3:18am May 6, 2013 3:18am
Quoting iwan73
{quote} Hi RJ. I would like to ask you again about HPT because i have some problems in this matter. Signal on your screen is of course very profitable but look at my screen below. It is the same signal but my screen ends on time of that trade. I think that situalion is difficult. OK, M5 stoch , candle, MA, bounce of pivot are good. Price is higher than 24 hours ago(it is up trend). But... as you see price is in 30 pips narrow congestion for good 10 hours. It is very narrow for this volatile pair. I have read many times in this thread and in your...
So you have identified that the M5 stoch , candle, MA, bounce of pivot are good and that the trend is up.....let me throw the M15 stoch in there as well. The trend is up....you said so yourself.....the PA was bouncing along the DP all day unable to get below it.....which is not surprising in an uptrend. Now, just after Tokyo open the M5 and M15 stochs were very high, and they both dropped to below the 20 line before Frankie came online...yet...the PA still stayed on top of the pivot.

So, we have 5 factors in favour the bulls, plus we have the fact that for the previous 24 hours the bulls have been in full control, and I said so at the time. Now we also have the Matrix in agreement. So in total we have 9 solid reasons why a long is worth the VERY SMALL SL.......and one more thing.....the Yen, as I have been saying again and again is being weakened by Abe and his 'bold action'...UJ had gone from 77 to 100 in 2 months!!!

So we have all these reasons to enter the trade for a small risk, and you have a problem with it because of the range. Man, I'll take the 9 or 10 reasons to enter a cheap trade rather than 1 reason why not to. I have said many time, that trading is not an exact science...if it was we could create an EA and retire rich people. At some stage you have to apply discretion and go with the probabilities.

Sometimes it is prudent to stay out of a range until a breakout.....other times you have 9 or 10 reasons to enter a cheap trade, and a single reason not to.

You choose.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,866
  • May 6, 2013 3:39am May 6, 2013 3:39am
Quoting Cold_W
{quote} OMG, they do look nice indeed BTW, when is the best time to visit NZ?
I visited NZ March 2012, took a cruise ship from Sydney and visited a different place each day for 5 days, 2 days at sea each way..!!

Great and no need to worry about hire cars and driving, eating, hotels, etc

SWMBO states that between November and March is the best time.

regards, S
  • #12,867
  • May 6, 2013 3:41am May 6, 2013 3:41am
Thanks for your congrat messages........
  • #12,868
  • May 6, 2013 3:49am May 6, 2013 3:49am
Quoting sio bel
{quote} I visited NZ March 2012, took a cruise ship from Sydney and visited a different place each day for 5 days, 2 days at sea each way..!! Great and no need to worry about hire cars and driving, eating, hotels, etc SWMBO states that between November and March is the best time. regards, S
Thank you and congrats on profit!
  • #12,869
  • May 6, 2013 4:14am May 6, 2013 4:14am
Quoting iwan73
{quote} Hi RJ. I would like to ask you again about HPT because i have some problems in this matter. Signal on your screen is of course very profitable but look at my screen below. It is the same signal but my screen ends on time of that trade. I think that situalion is difficult. OK, M5 stoch , candle, MA, bounce of pivot are good. Price is higher than 24 hours ago(it is up trend). But... as you see price is in 30 pips narrow congestion for good 10 hours. It is very narrow for this volatile pair. I have read many times in this thread and in your...
Hi Iwan, I wish you well, may I add. Make a note of when the New York closes and the Frankfurt and then London open, that accounts for the 10 hours of narrow congestion,

I am living in Australia and I find that the price starts to move around 4 pm here..!! ( Frankfurt/London opening)

Regards
  • #12,870
  • May 6, 2013 5:13am May 6, 2013 5:13am
.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,871
  • May 6, 2013 5:22am May 6, 2013 5:22am
Quoting realjumper
. {image}
NY open maybe?
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  • #12,872
  • May 6, 2013 5:24am May 6, 2013 5:24am
Quoting Cold_W
{quote} NY open maybe? {image}
Yup....until then....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,873
  • May 6, 2013 5:53am May 6, 2013 5:53am
morning/evening all

took these 30 pips

happy week to all
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  • #12,874
  • May 6, 2013 5:57am May 6, 2013 5:57am
Quoting realjumper
{quote} So you have identified that the M5 stoch , candle.....other times you have 9 or 10 reasons to enter a cheap trade, and a single reason not to. You choose.
Well said, RJ. Thanks for the analysis.
What the mind does not know, the eyes cannot see
  • #12,875
  • May 6, 2013 5:58am May 6, 2013 5:58am
Quoting Loy
morning/evening all took these 30 pips happy week to all {image}
Nice trade.
What the mind does not know, the eyes cannot see
  • #12,876
  • May 6, 2013 6:05am May 6, 2013 6:05am
Quoting padila
{quote} Nice trade.
thanks
maybe I'm beginning to understand something
  • #12,877
  • May 6, 2013 7:06am May 6, 2013 7:06am
EU seems to be coiling up like a spring......I wonder if NY can break it out.....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,878
  • May 6, 2013 7:23am May 6, 2013 7:23am
Quoting Loy
morning/evening all took these 30 pips happy week to all {image}
it would be better hold the trade...............
  • #12,879
  • May 6, 2013 7:30am May 6, 2013 7:30am
Quoting realjumper
EU seems to be coiling up like a spring......I wonder if NY can break it out..... {image}
Would be good if it happened.
What the mind does not know, the eyes cannot see
  • #12,880
  • May 6, 2013 7:33am May 6, 2013 7:33am
Quoting padila
{quote} Would be good if it happened.
That idiot Draghi is going to be running his mouth in 30 mins......that ought to do it!!
Doing what you like is Freedom. Liking what you do is Happiness.
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