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Genesis Matrix Trading

  • #14,061
  • May 28, 2013 4:52am May 28, 2013 4:52am
Quoting oprad
anyone take position on buy E/U 25 minutes ago. If no why?
Post a chart please.....we don't want to go searching for your entry to answer your question!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,062
  • May 28, 2013 4:54am May 28, 2013 4:54am
Quoting realjumper
{quote} Looks good.....I don't trade gold because of the huge spread.....
Yeah, I have 60 pips spread on gold, and still thinking if it's worth trading with my small deposit. Probably not, but it generates some very nice Genesis signal once in a while.
  • #14,063
  • May 28, 2013 4:56am May 28, 2013 4:56am
Quoting Cold_W
{quote} Yeah, I have 60 pips spread on gold, and still thinking if it's worth trading with my small deposit. Probably not, but it generates some very nice Genesis signal once in a while.
Yep...some of the moves are huge, but I don't think it's right that we give 50 or 60 pips to the broker.......so I don't trade it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,064
  • May 28, 2013 5:04am May 28, 2013 5:04am
Attached Image (click to enlarge)
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  • #14,065
  • May 28, 2013 5:08am May 28, 2013 5:08am
Quoting oprad
{image}
Ok, thanks for the chart. Well the trade is valid, but the only chance you would have had to get into it, where you marked it, was only about 8 pips below the Daily Pivot. I won't enter a trade that close to major s/r lines, I would rather wait to see if the PA breaks through the Pivot or is rejected by it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,066
  • May 28, 2013 5:21am May 28, 2013 5:21am
Quoting Jamz
{quote} Good on you Fame, I was watching EJ considering a short when I was glad I didn't do that! However, it wasn't for me to go long either.....next time. GJ looks a bit different but these moves must be news related I suppose which is why they keep going.
Thanks, there was for me no reason to look for a long on GJ and EJ. On both we was over the DP and on this level we had yesterday a strong resistance.
Lucky little Tradergirl, i am still in my trades
  • #14,067
  • May 28, 2013 5:26am May 28, 2013 5:26am
Quoting realjumper
Well....this is like watching paint dry.......most unusual for London session to be so quiet.....
Looks like Mr. Market is waiting for some important information to come out
  • #14,068
  • May 28, 2013 5:53am May 28, 2013 5:53am
Quoting realjumper
{quote} I won't enter a trade that close to major s/r lines, I would rather wait to see if the PA breaks through the Pivot or is rejected by it.
RJ, on that note how far are you looking for PA to go through (or bounce from) S/R before you consider it broken (respected) - or do you wait for a retest?

Thanks
  • #14,069
  • May 28, 2013 5:58am May 28, 2013 5:58am
Quoting realjumper
{quote} Nicely done. I 'paper traded' this same trade with more or less the same entry. I decided to not enter on my live account due to the holidays, so I just paper traded it while doing other things. Tonight it's 'all hands to the pumps' though
RJ,
Good to know we see the same thing.
  • #14,070
  • May 28, 2013 6:07am May 28, 2013 6:07am
Quoting realjumper
{quote} Ok, thanks for the chart. Well the trade is valid, but the only chance you would have had to get into it, where you marked it, was only about 8 pips below the Daily Pivot. I won't enter a trade that close to major s/r lines, I would rather wait to see if the PA breaks through the Pivot or is rejected by it.
alright my TP was just below DP= +6 pips
  • #14,071
  • May 28, 2013 6:07am May 28, 2013 6:07am
Gold trade today good for +100 pips. Only trade in morning.
Attached Image (click to enlarge)
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  • #14,072
  • May 28, 2013 6:11am May 28, 2013 6:11am
Quoting hollowhead
{quote} RJ, on that note how far are you looking for PA to go through (or bounce from) S/R before you consider it broken (respected) - or do you wait for a retest? Thanks
It's difficult to pin it down to exacts because each case differs. If you have a look at the Aussie today, it smashed the DP, but then retested it. Then it smashed R1, and retested it. Currently it's sitting just under R2. Most of the Yen crosses did the same...smashed through and the retested before continuing.

The break - retest - continue is probably the most common one we see, but sometimes the level is broken with much power and never retested, and if you're waiting for the retest, you just missed out!!

Other time the price creeps the the level and just continues on up, or down as the case may be.

So you see it's very hard to pin it down. For sure though, I would not enter a trade right under on right on top of a major S/R level.....at the very least I want the level to break and a new candle open well clear of the level before considering my next move.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,073
  • May 28, 2013 6:14am May 28, 2013 6:14am
Quoting realjumper
{quote} It's difficult to pin it down to exacts because each case differs. If you have a look at the Aussie today, it smashed the DP, but then retested it. Then it smashed R1, and retested it. Currently it's sitting just under R2. Most of the Yen crosses did the same...smashed through and the retested before continuing. The break - retest - continue is probably the most common one we see, but sometimes the level is broken with much power and never retested, and if you're waiting for the retest, you just missed out!! Other time the price creeps the...
Thanks - I suspected it was a case of 'each case differs'.
  • #14,074
  • May 28, 2013 6:14am May 28, 2013 6:14am
Quoting realjumper
{quote} It's difficult to pin it down to exacts because each case differs. If you have a look at the Aussie today, it smashed the DP, but then retested it. Then it smashed R1, and retested it. Currently it's sitting just under R2. Most of the Yen crosses did the same...smashed through and the retested before continuing. The break - retest - continue is probably the most common one we see, but sometimes the level is broken with much power and never retested, and if you're waiting for the retest, you just missed out!! Other time the price creeps the...
RJ,
You got some beautiful setups during early Asian session. Hope you did well my friend. As for me! I need to move to Asia.
  • #14,075
  • May 28, 2013 6:19am May 28, 2013 6:19am
Damn. Miss this beautiful set up on crude as somehow the chart was deleted from my screen. Just realized it a little bit ago. Would've been good for about 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude.jpg Size: 103 KB
  • #14,076
  • May 28, 2013 6:21am May 28, 2013 6:21am
Quoting hollowhead
{quote} Thanks - I suspected it was a case of 'each case differs'.
Yes it is really....I guess the break, retest, continue is the most common, but it's never a sure thing. if I'm already in a trade and looking for more, as the PA breaks the s/r line, no matter whether it retests it or not, I'll move my SL into more profit (if possible) and see what happens. Like you say, each case is different, but I need to see a new candle open clear of the s/r line at least...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,077
  • May 28, 2013 6:21am May 28, 2013 6:21am
Quoting MKFXTrader
{quote} RJ, You got some beautiful setups during early Asian session. Hope you did well my friend. As for me! I need to move to Asia.
I did ok on EJ.....that put a smile on my face to help ward off the cold weather today!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,078
  • May 28, 2013 6:23am May 28, 2013 6:23am
Quoting realjumper
{quote} I did ok on EJ.....that put a smile on my face to help ward off the cold weather today!!
It's cold there? No spring either? Europe weather has sucked lately.
  • #14,079
  • May 28, 2013 6:25am May 28, 2013 6:25am
Quoting MKFXTrader
{quote} It's cold there? No spring either? Europe weather has sucked lately.
Yep...the first storm of winter arrived yesterday....brrrr....snow on the mountains, but it doesn't snow on the ground here....still cold though.....4 degrees as we speak
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,080
  • May 28, 2013 6:28am May 28, 2013 6:28am
Quoting realjumper
{quote} Yep...the first storm of winter arrived yesterday....brrrr....snow on the mountains, but it doesn't snow on the ground here....still cold though.....4 degrees as we speak
Oh wow. I didn't know you guys had winter there in NZ. Well at least you have a lot of wool available in the back yard.
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