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Genesis Matrix Trading

  • #13,681
  • Edited 10:04am May 21, 2013 9:11am | Edited 10:04am
EU BE, GU closed +100, EU -16, AU BE. 4 trades today and only one winner
Even though I walk through the darkest valley, I will fear no evil
  • #13,682
  • May 21, 2013 9:20am May 21, 2013 9:20am
Quoting monocor
EU BE, GU closed +100
  • #13,683
  • May 21, 2013 9:21am May 21, 2013 9:21am
just to know if I do well this was right on usdjpy buy?
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  • #13,684
  • May 21, 2013 9:30am May 21, 2013 9:30am
Quoting braciola
just to know if I do well this was right on usdjpy buy? {image}
IMO, it's not a good trade as 15min Stochs is flat, and if you take a peek at the hourly Stochs, you would see that it is overbought. So IMO, you have bought at the very top of the PA range and is not a high probability trade. Of course it could go in your favor but it is highly unlikely. This is just my op. GL
  • #13,685
  • May 21, 2013 9:37am May 21, 2013 9:37am
It is NOT so much that R1 is there but rather, PA is already in overbought territory without any correction seen on the hourly. Price doesn't go up or down in a straight line. You MUST also take into consideration PA on the higher TF. R1 has nothing to do with it.


Edit:Where did that post go? I was responding to a post and now is gone.
  • #13,686
  • May 21, 2013 9:38am May 21, 2013 9:38am
Quoting MKFXTrader
{quote} IMO, it's not a good trade as 15min Stochs is flat, and if you take a peek at the hourly Stochs, you would see that it is overbought. So IMO, you have bought at the very top of the PA range and is not a high probability trade. Of course it could go in your favor but it is highly unlikely. This is just my op. GL
It is going down, might hit 102.60 and from there a rebound.
  • #13,687
  • May 21, 2013 9:44am May 21, 2013 9:44am
Quoting juanmat
{quote} It is going down, might hit 102.60 and from there a rebound.
How do you know that? Are you a Genie? I don't make predictions. I read PA and wait for signal.
  • #13,688
  • May 21, 2013 9:46am May 21, 2013 9:46am
Took the following trades today.

EUR/CHF (+39 pips):
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USD/CHF (+37 pips):
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AUD/USD(+18 pips):
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Total of 94 pips.

Best regards
  • #13,689
  • May 21, 2013 9:50am May 21, 2013 9:50am
Quoting Zerrox
Took the following trades today. EUR/CHF (+39 pips): {image} USD/CHF (+37 pips): {image} AUD/USD(+18 pips): {image} Total of 94 pips. Best regards
Great job Zerrox.
  • #13,690
  • May 21, 2013 9:56am May 21, 2013 9:56am
Quoting Zerrox
Took the following trades today. EUR/CHF (+39 pips): {image} USD/CHF (+37 pips): {image} AUD/USD(+18 pips): {image} Total of 94 pips. Best regards
there is a sign to figure out what currency you are trading?
  • #13,691
  • May 21, 2013 9:59am May 21, 2013 9:59am
Quoting Zerrox
Took the following trades today. EUR/CHF (+39 pips): {image} USD/CHF (+37 pips): {image} AUD/USD(+18 pips): {image} Total of 94 pips. Best regards

Well done!
What the mind does not know, the eyes cannot see
  • #13,692
  • May 21, 2013 9:59am May 21, 2013 9:59am
Quoting MKFXTrader
{quote} Great job Zerrox.
Thanks MK

I was a bit worried about the AUD/USD, since i noticed late, that it had already moved alot of it's atr today. But luckily it worked out anyway

Quoting braciola
{quote} there is a sign to figure out what currency you are trading?
It says above the picture what pair it is.
  • #13,693
  • May 21, 2013 10:05am May 21, 2013 10:05am
eurusd okay?
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  • #13,694
  • May 21, 2013 10:06am May 21, 2013 10:06am
Quoting Zerrox
{quote} Thanks MK I was a bit worried about the AUD/USD, since i noticed late, that it had already moved alot of it's atr today. But luckily it worked out anyway {quote} It says above the picture what pair it is.
I took AU for BE, didn't take 20 pips.
Even though I walk through the darkest valley, I will fear no evil
  • #13,695
  • May 21, 2013 10:28am May 21, 2013 10:28am
that the gain
  • #13,696
  • May 21, 2013 10:37am May 21, 2013 10:37am
Quoting realjumper
Here is an interesting read that I saw on Seneca pilot's thread.....you all should read this. {image}
Thanks for posting, RJ. I'll have something to read on another weekend away
mind over matter
  • #13,697
  • May 21, 2013 1:17pm May 21, 2013 1:17pm
Quoting realjumper
{quote} Thanks. That is the sort of trade I look for, and I can wait as long as it takes for one to turn up....and on the 10 pairs I watch, one or more is probably going to turn up every day, and when it does, I'll be waiting for it. If nothing turns up, so be it! Many time I see people (not you) that seem to feel compelled to be in a trade because they are sitting at their desk, the market is open, and they *want* to trade.......even when there is no HPT on offer. As I've said many times, if there is a 'holy grail' to trading, it must surely be...
Thanks RJ, I get your point.

Good to see people posting more and more charts these days. Makes a big difference to the understanding.
What the mind does not know, the eyes cannot see
  • #13,698
  • May 21, 2013 5:04pm May 21, 2013 5:04pm
[quote=MKFXTrader;6695548]{quote} IMO, it's not a good trade as 15min Stochs is flat, and if you take a peek at the hourly Stochs, you would see that it is overbought. So IMO, you have bought at the very top of the PA range and is not a high probability trade. Of course it could go in your favor but it is highly unlikely. This is just my op. GL[/

Hello to you all, in particular to MKFX...may I ask a question..???

How many timeframes do you take into account..?? When we trade at the 5 min, then look up to 15 min then 1 hour....do you then look to 4 hour or Daily too..??

your answer would be helpful, Sio
  • #13,699
  • May 21, 2013 6:15pm May 21, 2013 6:15pm
Quoting sio bel
Hello to you all, in particular to MKFX...may I ask a question..??? How many timeframes do you take into account..?? When we trade at the 5 min, then look up to 15 min then 1 hour....do you then look to 4 hour or Daily too..?? your answer would be helpful, Sio
Hi Sio,

I'll just add my 5c while MKFXTrade is sleeping.

For me, I check the H4 a couple of times a day, and I check the Daily once, and also the Weekly I check just to see how things are progressing.

For the actual trades I look at the M15 chart where I can see 2 days worth of movement, so I get a good overall idea of what is going on in the (relatively) short term, and I look for an entry on the M5, as per the setup up criteria we all know.

I do use the ASCITrend indi from Xaphod, but I don't show it on the charts for 2 reasons.... 1) I want to keep continuity going for the whole thread for the sake of newcomers to the thread, and the indi is not essential to profitability, it just makes life easier and the charts cleaner. 2) When I enter on the M5 with our usual criteria, I want to see at least the M5 ASCITrend colour match the Genesis Matrix. Without that, I am reluctant to enter.....preferably I want to see the M15 colour match the Matrix too. If I see the H1 and H4 ASCITrend also matching the Matrix, then I know for certain that I am trading with the wind at my back and the trade is (probably) a HPT. If the ASCITrend H1 and H4 are opposite colours, I will still take the trade (because perhaps the trend is changing), but I will be cautious and aware that I need to set a modest target and manually trail my SL.

I expect we all do it slightly differently, and MKFXTrade may well have his own variation which will be interesting to see

By the way....I know I throw a lot at Abe and Noda and several others in your govt and BOJ, please be sure that it isn't anything personal.....I throw it all the muppets in suits, including that NZ idiot Wheeler who just wasted millions of our dollars intervening into a falling market.....in fact Wheeler is the muppet of the year (so far) for me....although Bernanke is in with chance too!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,700
  • May 21, 2013 6:35pm May 21, 2013 6:35pm
Quoting juanmat
{quote} It is going down, might hit 102.60 and from there a rebound.
From Post #1: What we won’t do here is to predict which way the market is going next…..because we don’t know that!

Goodbye
Doing what you like is Freedom. Liking what you do is Happiness.
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