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Genesis Matrix Trading

  • #13,401
  • May 16, 2013 4:09am May 16, 2013 4:09am
Quoting geomink
{quote} 15
If you look at the swings on the UJ climb today, you'll see that most of them are nearly 20 pips.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,402
  • May 16, 2013 4:10am May 16, 2013 4:10am
Quoting realjumper
{quote} If you look at the swings on the UJ climb today, you'll see that most of them are nearly 20 pips.......
one of my several mistakes
Don't give up
  • #13,403
  • May 16, 2013 4:12am May 16, 2013 4:12am
Quoting geomink
RJ, if I may ask, why don't you like trading eur/gbp and GBP pairs? I don't want to know your private questionw, only with purpose of well understanding hope not too OT thx
Because the swings on the GBP crosses can be big and sudden....especially on GU. GJ has been ok because the Yen has been the prime mover, but often the GBP makes sudden and large-ish swings in it's trend, so it makes it difficult to trade sometimes.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,404
  • May 16, 2013 4:14am May 16, 2013 4:14am
Quoting realjumper
{quote} Because the swings on the GBP crosses can be big and sudden....especially on GU. GJ has been ok because the Yen has been the prime mover, but often the GBP makes sudden and large-ish swings in it's trend, so it makes it difficult to trade sometimes.
thank you very much
Don't give up
  • #13,405
  • May 16, 2013 4:19am May 16, 2013 4:19am
Quoting geomink
{quote} thank you very much
To be honest, I don't really know why that it is that way....but sometimes the GU (especially) swings can be violent and can kill good trades. Equally, you can suddenly find yourself in very good profit when you least expect it. For me though, I find that sort of thing a bit too stressful! I do trade those pairs, but there are usually my last choice.....only just above making coffee instead!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,406
  • May 16, 2013 4:21am May 16, 2013 4:21am
Quoting realjumper
{quote} To be honest, I don't really know why that it is that way....but sometimes the GU (especially) swings can be violent and can kill good trades. Equally, you can suddenly find yourself in very good profit when you least expect it. For me though, I find that sort of thing a bit too stressful! I do trade those pairs, but there are usually my last choice.....only just above making coffee instead!
as I could understand, I suppose you lilke more "slow pairs", right?
Don't give up
  • #13,407
  • May 16, 2013 4:24am May 16, 2013 4:24am
Quoting geomink
{quote} as I could understand, I suppose you lilke more "slow pairs", right?
Not so much 'slow'....but perhaps 'consistent'......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,408
  • May 16, 2013 4:41am May 16, 2013 4:41am
Quick long between DP and RN on EJ/CJ. I don't really like this kind of trade because it requires me to manually manage my trades in place of just moving SL in profit... But lately I've had a lot of practice doing that, because I struggle to find big moves.
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  • #13,409
  • May 16, 2013 4:45am May 16, 2013 4:45am
Quoting WDays
Quick long between DP and RN on EJ/CJ. I don't really like this kind of trade because it requires me to manually manage my trades in place of just moving SL in profit... But lately I've had a lot of practice doing that, because I struggle to find big moves. {image}
Unfortunately for many, because the Yen has been the prime mover, the big moves have often started in the Tokyo session, which leaves the stochs at extremes by the time Frankie/London comes online...which makes entering a little bit difficult unless there is a pullback to take advantage of.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,410
  • May 16, 2013 4:45am May 16, 2013 4:45am
Rj as you feel appropriate here to sign in?
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,411
  • May 16, 2013 4:46am May 16, 2013 4:46am
Quoting JasonDeaN
Rj as you feel appropriate here to sign in? {image}
I'm not sure what you're asking? What currency pair is this?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,412
  • May 16, 2013 4:54am May 16, 2013 4:54am
Quoting realjumper
{quote} Unfortunately for many, because the Yen has been the prime mover, the big moves have often started in the Tokyo session, which leaves the stochs at extremes by the time Frankie/London comes online...which makes entering a little bit difficult unless there is a pullback to take advantage of.
Yes it is tricky... I did however notice that it is a lot safer to take CT trades on CHFJPY and AUDJPY than it is on EJ/GJ/UJ. Could it be the aussie central bank rate cut is making the AUD even weaker than the JPY? The fact that AUDUSD broke key levels, such as the 1.000 level, which in turn triggered a lot of orders? I've noticed AJ/AU have been moving more or less the same way the past few days, and I choose to pair AU/AJ trades together. The problem persists, though, by the time London opens AU has already reached its daily ATR and becomes untradable to me.
  • #13,413
  • May 16, 2013 4:55am May 16, 2013 4:55am
Quoting realjumper
{quote} I'm not sure what you're asking? What currency pair is this?
GJ
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,414
  • May 16, 2013 4:59am May 16, 2013 4:59am
Quoting JasonDeaN
{quote} GJ
Your LO line is a bit late, I think. If you are asking if your entry is correct, I would say it is in agreement with the current uptrend that we've been seeing for a few months now, on all JPY pairs and as soon as your entry was above the DP, then to me it is okay.
  • #13,415
  • May 16, 2013 5:31am May 16, 2013 5:31am
There was some discussion on pivots about 21 hours ago. Just thought I'd mention FXDD seems to place the Pivot and S1 etc the same as ActionForex.
  • #13,416
  • May 16, 2013 5:34am May 16, 2013 5:34am
Quoting jack h
There was some discussion on pivots about 21 hours ago. Just thought I'd mention FXDD seems to place the Pivot and S1 etc the same as ActionForex.
Thank you Jack. FXPro does as well, and I used to use Wall Street Brokers, and they have it correct as well.....it's just a matter of checking the brokers pivots against actionforex, and then you'll be fine. Thanks for the info
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,417
  • May 16, 2013 11:06am May 16, 2013 11:06am
Quoting stevepatt
EUR/GBP H4 Long Sorry, I just can't get used to the Heiken Ashi indicator {image}
EUR/GBP Long Stop loss hit (-1R)

AUD/JPY Short TP +1R

USD/CAD Long BE +2 pips

EUR/USD Short +1R

Considering, I'm looking at H4 charts there are a lot of potential setups I'm going to have to look at dropping my exposure per trade.

I'm going to add the D1 Genesis Matrix to the H4 chart, for extra filtering, wait for a signal on the D1 Matrix and then look for setups on the H4 chart to take a trade.
  • #13,418
  • May 16, 2013 11:10am May 16, 2013 11:10am
Quoting stevepatt
{quote} EUR/GBP Long Stop loss hit (-1R) AUD/JPY Short TP +1R USD/CAD Long BE +2 pips EUR/USD Short +1R Considering, I'm looking at H4 charts there are a lot of potential setups I'm going to have to look at dropping my exposure per trade. I'm going to add the D1 Genesis Matrix to the H4 chart, for extra filtering, wait for a signal on the D1 Matrix and then look for setups on the H4 chart to take a trade.
Sounds like a good plan, Steve.

Please keep posting charts/examples.
What the mind does not know, the eyes cannot see
  • #13,419
  • May 16, 2013 11:20am May 16, 2013 11:20am
Quoting realjumper
{quote} At what stage do you move you SL into profit Steve? My way of doing it is to never have more than 2 trades open at any one time, unless the trades are protected by a SL in profit, even if the profit is 1 pip....at least then the trade has no more risk. When I have the trade protected I am free to open another one, either on the same pair or on another pair. So I can end up with 4 or more trades open at any one time, but never will more than 2 of them be unprotected by at least 1 pip.
Hi RJ,

Sorry for the late reply been busy with other things.

I usually look at moving my SL to BE +2 after it gets to +1R, although with this method, I'm struggling, to get more than 1R out of a trade. I'm going to look at adding the D1 Genesis Matrix to the H4 chart as extra filtering, as I stated in the post above, to see if that has a positive effect.

I'm going to look at reducing my exposure per trade because of the amount of potential setups I'm seeing.

Any advise you can give would be gratefully received.
  • #13,420
  • May 16, 2013 12:01pm May 16, 2013 12:01pm
Anyone trading oil??
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