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Genesis Matrix Trading

  • #13,341
  • Edited 6:03am May 15, 2013 5:27am | Edited 6:03am
Only meaningful trade I saw for now. I'm targetting DR1. Currently locked at +15.

edit: out
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  • #13,342
  • May 15, 2013 6:27am May 15, 2013 6:27am
appreciate your Advice.......and would like to thank for your generocity to share the system... made 40 pip on the first ever live trade....still need lot of things to learn but with the experience people here, will learn quickly. After reading 120 pages finally found confident to take entry in the live market and made it .
Quoting realjumper
{quote} I can't really see your entry from that image, but it's going with the trend so you should be fine
  • #13,343
  • May 15, 2013 6:27am May 15, 2013 6:27am
The H & S that we've been watching for a couple of weeks now is shaping up. We're not too far from the neckline (red line) and if that breaks (assuming we get there), then theory says that we are heading for 1.20-ish.

No guarantee's but worth bearing in mind.....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,344
  • May 15, 2013 6:52am May 15, 2013 6:52am
Quoting ukanimk
appreciate your Advice.......and would like to thank for your generocity to share the system... made 40 pip on the first ever live trade....still need lot of things to learn but with the experience people here, will learn quickly. After reading 120 pages finally found confident to take entry in the live market and made it . {quote}
Congratulations on your first live trade.....well done. If you take it slowly and carefully you should be fine. Never chase the trades....if you miss a trade, don't worry about it, and don't chase it. Another one will happen later or tomorrow.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,345
  • May 15, 2013 7:14am May 15, 2013 7:14am
Quoting realjumper
{quote} Hi, On my monitors I have an M5 and an M15 chart for each pair that I trade, and I'm looking for the 2 TF's to agree on a trade before I enter. Sometimes the trade is more clear to see on the M5, sometimes it's more clear on the M15, the important thing is that both TF's are in agreement . I do look at the H1, H4, Daily and Weekly at least once a day, just to see how the 'big picture' is developing, and if I see anything worth noting, then I jot it down in my dairy and put a sticky on the page. Yes FXI Pivots is very good because you can...
Thanks for the info RJ. At page 127 now, lol. Lots of great reading. My current pivot point on EU is 1.2957, S1 is 1.2885. Can anyone confirm if those are correct for today? I'll need to look into my brokers close times etc... The PA does seem to move around the lines since I have been watching...

Cheers
Tight Stop Losses are False Economy - RJ
  • #13,346
  • May 15, 2013 7:21am May 15, 2013 7:21am
Quoting Pippicidal
{quote} Thanks for the info RJ. At page 127 now, lol. Lots of great reading. My current pivot point on EU is 1.2957, S1 is 1.2885. Can anyone confirm if those are correct for today? I'll need to look into my brokers close times etc... The PA does seem to move around the lines since I have been watching... Cheers
I have 1.29529 and S1 at 1.28776

actionforex has: 1.2954 and S1 at 1.2880
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,347
  • May 15, 2013 7:29am May 15, 2013 7:29am
Quoting realjumper
{quote} I have 1.29529 and S1 at 1.28776 actionforex has: 1.2954 and S1 at 1.2880
OK, so I will have to adjust when the markets slow down. At least its not too far away from reality. Thanks again.
Tight Stop Losses are False Economy - RJ
  • #13,348
  • May 15, 2013 7:55am May 15, 2013 7:55am
RJ,

Meant to mention, I watched that Zeitgeist film over the weekend.

The fascinating aspect for me, was the quotes of people over 100 years ago, that are still perfectly relevant for today.

Very interesting !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,349
  • May 15, 2013 7:56am May 15, 2013 7:56am
Quoting Pippicidal
{quote} OK, so I will have to adjust when the markets slow down. At least its not too far away from reality. Thanks again.
I guess there will always be a plus or minus factor, usually mine are close to actionforex, often they are right on the money. If you can get them within 5 pips that will probably be ok.....much more than that might be an issue though.....I'm not sure how close other people are??
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,350
  • May 15, 2013 7:57am May 15, 2013 7:57am
Quoting Martyfish
RJ, Meant to mention, I watched that Zeitgeist film over the weekend. The fascinating aspect for me, was the quotes of people over 100 years ago, that are still perfectly relevant for today. Very interesting !!
I thought you'd like it....certainly food for thought!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,351
  • May 15, 2013 8:17am May 15, 2013 8:17am
........ Will keep in mind
Quoting realjumper
{quote} Congratulations on your first live trade.....well done. If you take it slowly and carefully you should be fine. Never chase the trades....if you miss a trade, don't worry about it, and don't chase it. Another one will happen later or tomorrow.....
  • #13,352
  • May 15, 2013 8:25am May 15, 2013 8:25am
Quoting realjumper
{quote} I thought you'd like it....certainly food for thought!!
I am currently reading "The Great Rebalancing" by Michael Pettis.

This is a profoundly interesting view on the current economic cycle.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,353
  • May 15, 2013 8:27am May 15, 2013 8:27am
Quoting Martyfish
{quote} I am currently reading "The Great Rebalancing" by Michael Pettis. This is a profoundly interesting view on the current economic cycle.
Interesting....I wonder if my library will have it?.....I'll find out
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,354
  • May 15, 2013 8:55am May 15, 2013 8:55am
Tomorrow....well, today for me, 2 hours into the Tokyo session will be the NZ Budget release. I don't know whether there will be any news release before then, I doubt it...but anyway, if you're around at that time, beware if you're trading the Kiwi....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,355
  • May 15, 2013 9:42am May 15, 2013 9:42am
Anyone short EU currently? I should post a chart....but 3 tests of S1 area from below - rejection. M15 arrow down, M5 arrow down, Genesis down... Only thing bothering me is ATR is all used up. Might take profits at S2 area...
Tight Stop Losses are False Economy - RJ
  • #13,356
  • May 15, 2013 10:16am May 15, 2013 10:16am
Quoting Pippicidal
Anyone short EU currently? I should post a chart....but 3 tests of S1 area from below - rejection. M15 arrow down, M5 arrow down, Genesis down... Only thing bothering me is ATR is all used up. Might take profits at S2 area...
I decided to go AU short instead only because I thought I'd squeeze a few more pips.
.... laughing all the way to the bank
  • #13,357
  • May 15, 2013 10:26am May 15, 2013 10:26am
Quoting Pippicidal
Anyone short EU currently? I should post a chart....but 3 tests of S1 area from below - rejection. M15 arrow down, M5 arrow down, Genesis down... Only thing bothering me is ATR is all used up. Might take profits at S2 area...

Saw it late. Was not trading today.

You should be in profit.
What the mind does not know, the eyes cannot see
  • #13,358
  • May 15, 2013 10:36am May 15, 2013 10:36am
Quoting itsallover
{quote} I decided to go AU short instead only because I thought I'd squeeze a few more pips.

Right on. Since I'm still reading the thread (page 151 now....) I only have EU and EJ charts up. I will end up monitoring AU and GU as well once I have a better grasp of the whole system. I'm trying to keep my questions to a minimum until I'm well into the thread as well.

Here's my chart (first attempt at attaching so hopefully it will work.) :

I took the first Genesis Matrix sell after the bounce off of S1. 15M stox were turning, 15M arrow was down, 5M stox were dropping after being oversold, overall trend seems down. Stop was placed above S1 and swing high so I have been patiently riding this trade. I am now starting to lower my stop since there's not much momentum left and we are getting into New York lunch. (note trade was taken near the NY open within recommended trading times)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5 trade 2.png Size: 70 KB
Tight Stop Losses are False Economy - RJ
  • #13,359
  • May 15, 2013 10:42am May 15, 2013 10:42am
Quoting Pippicidal
{quote} Right on. Since I'm still reading the thread (page 151 now....) I only have EU and EJ charts up. I will end up monitoring AU and GU as well once I have a better grasp of the whole system. I'm trying to keep my questions to a minimum until I'm well into the thread as well. Here's my chart (first attempt at attaching so hopefully it will work.) : I took the first Genesis Matrix sell after the bounce off of S1. 15M stox were turning, 15M arrow was down, 5M stox were dropping after being oversold, overall trend seems down. Stop was placed above...

You got off lightly there Pipicidal.
There was a monthly pivot just below your point of entry which caused PA to bounce the way it did. I think you got the tail end of the trend - you always have to be very careful when PA has traveled a fair bit, in case it decides it wants to range or reverse.
.... laughing all the way to the bank
  • #13,360
  • May 15, 2013 10:49am May 15, 2013 10:49am
Quoting itsallover
{quote} I decided to go AU short instead only because I thought I'd squeeze a few more pips.
Just as a learning point for me, Kelly, did you sell to daily S1, after European open?
What the mind does not know, the eyes cannot see
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