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Genesis Matrix Trading

  • #13,841
  • May 23, 2013 6:06am May 23, 2013 6:06am
Quoting realjumper
{quote} That would be great....thanks for your help. I'll set it up tomorrow
Its the least I can do after this system is helping me to make money
  • #13,842
  • Edited 7:01am May 23, 2013 6:45am | Edited 7:01am
Hello guys. Just caught up on all post since yesterday evening. I have seen a couple of posters with not such successful trades, even though they THINK they are trading with the higher TF trend. You must realize that after yesterday's very bearish run on most pairs, there would have needed to be some kind of a retrace. The retraces can be best evaluated using the hourly TF stochastics. Once Stochastics reaches it retrace extremes OB/OS, then IMO, one can start looking for trade setups again using the lower TF(per genesis rules) to pull the trigger in the direction of trend again. The main trend is the daily/weekly. The hourly is used to measure the retrace or alignment with the trend. You can't just automatically pull the trigger every time you see an alignment of your matrix with the (daily/weekly). You must align the hourly with the daily and weekly. This is the method of trading using higher TF. Of course if you just want to scalp and pull trigger on every scalp then this doesn't pertain to that trading style. Scalping is a different animal. Hope this is understandable. Happy trading today.

Analogy:

The hourly- Is the ripple in the water
The Daily- Is the wave
The weekly - Is the Tide
  • #13,843
  • May 23, 2013 7:04am May 23, 2013 7:04am
Looking at the calendar I see that that idiot Draghi is going to be yappin later....it's too early for me though, I'll be sleeping. All is not lost though because BOJ Gov Kuroda will have his yappin session while I'm around in the afternoon......so everyone gets a yappin session from the idiots and muppets!!!

USA news in 25 minutes.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,844
  • May 23, 2013 7:07am May 23, 2013 7:07am
Quoting realjumper
Looking at the calendar I see that that idiot Draghi is going to be yappin later....it's too early for me though, I'll be sleeping. All is not lost though because BOJ Gov Kuroda will have his yappin session while I'm around in the afternoon......so everyone gets a yappin session from the idiots and muppets!!! USA news in 25 minutes.....

  • #13,845
  • May 23, 2013 7:08am May 23, 2013 7:08am
Quoting realjumper
Looking at the calendar I see that that idiot Draghi is going to be yappin later....it's too early for me though, I'll be sleeping. All is not lost though because BOJ Gov Kuroda will have his yappin session while I'm around in the afternoon......so everyone gets a yappin session from the idiots and muppets!!! USA news in 25 minutes.....
What times do you trade RJ?
  • #13,846
  • May 23, 2013 7:18am May 23, 2013 7:18am
Quoting MKFXTrader
{quote} What times do you trade RJ?
Well Tokyo open is mid day for me, but I can't always trade that session as life tends to get in the way! Frankie is 6pm and London 7pm. NY is midnight. So on a good day I can trade Tokyo all the way to 2am, which is 2 hours into NY....or 3am if need be. Most days I can trade at least some of Tokyo, plus Frankie, London and NY until 2am-ish
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,847
  • May 23, 2013 7:24am May 23, 2013 7:24am
Quoting realjumper
{quote} Well Tokyo open is mid day for me, but I can't always trade that session as life tends to get in the way! Frankie is 6pm and London 7pm. NY is midnight. So on a good day I can trade Tokyo all the way to 2am, which is 2 hours into NY....or 3am if need be. Most days I can trade at least some of Tokyo, plus Frankie, London and NY until 2am-ish
I think I need to move to NZ. That is the best times to trade IMO. Long day for you though.
  • #13,848
  • May 23, 2013 7:27am May 23, 2013 7:27am
Quoting MKFXTrader
{quote} I think I need to move to NZ. That is the best times to trade IMO. Long day for you though.
You can only move there if you know how to shear sheep!
  • #13,849
  • May 23, 2013 7:28am May 23, 2013 7:28am
Quoting Cold_W
{quote} You can only move there if you know how to shear sheep!
Guess I'm stuck in the city then.
  • #13,850
  • May 23, 2013 7:32am May 23, 2013 7:32am
Quoting MKFXTrader
{quote} Guess I'm stuck in the city then.
BTW, you missed my post. I wanted to PM you, but could not!
  • #13,851
  • May 23, 2013 7:35am May 23, 2013 7:35am
Quoting MKFXTrader
{quote} I think I need to move to NZ. That is the best times to trade IMO. Long day for you though.
When daylight saving kicks in (and out) it makes a difference. Tokyo is then 1pm, Frankie 8pm, London 9pm and NY 2am. So that kinda kills NY for me, and even news like unemployment or NFP is at 2.30am. Other news is just out of reach. So it's 'swings and roundabouts'.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,852
  • May 23, 2013 7:37am May 23, 2013 7:37am
Quoting Cold_W
{quote} You can only move there if you know how to shear sheep!
And the sheep have to be happy remember......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,853
  • May 23, 2013 7:37am May 23, 2013 7:37am
Quoting Cold_W
{quote} BTW, you missed my post. I wanted to PM you, but could not!
Hmm. What's up? U need to keep it off thread?
  • #13,854
  • May 23, 2013 7:42am May 23, 2013 7:42am
Quoting MKFXTrader
{quote} Hmm. What's up? U need to keep it off this thread?
Just wanted to ask why you prefer using Stoch-MTF over #MTFStochastic. With the same settings Stoch-MTF works slower. I guess it's better not to clutter this thread with such questions.
  • #13,855
  • May 23, 2013 7:47am May 23, 2013 7:47am
Quoting realjumper
{quote} When daylight saving kicks in (and out) it makes a difference. Tokyo is then 1pm, Frankie 8pm, London 9pm and NY 2am. So that kinda kills NY for me, and even news like unemployment or NFP is at 2.30am. Other news is just out of reach. So it's 'swings and roundabouts'.......
Most of the time NY just ranges after the first two hours anyways. It slices, dices and kills the average retail traders. You're not missing anything. IMO, your trading time it most optimal for a full time trader.
  • #13,856
  • May 23, 2013 7:48am May 23, 2013 7:48am
Quoting Cold_W
{quote} Just wanted to ask why you prefer using Stoch-MTF over #MTFStochastic. With the same settings Stoch-MTF works slower. I guess it's better not to clutter this thread with such questions.
I'm not sure I understand the question but I think Xaphod provides a great explanation.
  • #13,857
  • May 23, 2013 7:51am May 23, 2013 7:51am
Quoting MKFXTrader
{quote} I'm not sure I understand the question but I think Xaphod provides a great explanation.
I've already read his posts on this issue. Just wanted to know why you choose one over another. Nevermind
  • #13,858
  • May 23, 2013 7:52am May 23, 2013 7:52am
Quoting MKFXTrader
{quote} Most of the time NY just ranges after the first two hours anyways. It slices, dices and kills the average retail traders. You're not missing anything. IMO, your trading time it most optimal for a full time trader.
Yeah I agree....until Wall St kicks in the NY session can be a bit erratic
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,859
  • May 23, 2013 8:05am May 23, 2013 8:05am
Quoting Cold_W
{quote} I've already read his posts on this issue. Just wanted to know why you choose one over another. Nevermind

Oh, Well that is the reason I use it. Sorry I didn't understand question.
  • #13,860
  • May 23, 2013 8:17am May 23, 2013 8:17am
Looks like a little lull before Unemployment Claims in 40 min.
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