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Genesis Matrix Trading

  • #14,481
  • Jun 6, 2013 3:20am Jun 6, 2013 3:20am
Quoting Martyfish
{quote} I understand your dislike of GU, but I feel the couple of months GU has been a lot easier to trade. Just seems it has larger fake-outs than other pairs, which once you "see" them, they are very profitable.
It just seems a lot safer to avoid taking trades on GU if I can. Of course, if I see an opportunity I'd take it, but due to the smaller volumes traded it's more prone to fake outs as you say. + my understanding of GB's economy is not sufficient to trade forex with, and it makes me very uneasy.
  • #14,482
  • Jun 6, 2013 4:08am Jun 6, 2013 4:08am
Quoting WDays
{quote} It just seems a lot safer to avoid taking trades on GU if I can. Of course, if I see an opportunity I'd take it, but due to the smaller volumes traded it's more prone to fake outs as you say. + my understanding of GB's economy is not sufficient to trade forex with, and it makes me very uneasy.
I think it's more the characteristics of the GU pair.

GU is ranked the 4th most actively traded currency in the world (http://www.therichest.org/business/m...ed-currencies/ data a couple of years old, but still very relevant), and is also the 3rd largest component of the USD Index (http://en.wikipedia.org/wiki/U.S._Dollar_Index) .

So it's not thin by any means. Certainly more active than say the Aussie which is probably easier to trade. It just takes a lot more work to trade it confidently, as it is more volatile and has more frequent fakeouts.
  • #14,483
  • Jun 6, 2013 4:26am Jun 6, 2013 4:26am
Quite a lot of news tonight, but the Kiwi is on a downward trend.....
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 264 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,484
  • Jun 6, 2013 6:28am Jun 6, 2013 6:28am
Quoting realjumper
Quite a lot of news tonight, but the Kiwi is on a downward trend..... {image}
Very slow progress on the Kiwi tonight. It's in profit by only 7 pips so there isn't much I can do with it, and I will be closing early tonight because I have to be at the airport early tomorrow. So, I'll go have a shower and see what's going on when I get back.....I'll close it, profit or not, unless I can get the SL to BE.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,485
  • Jun 6, 2013 6:50am Jun 6, 2013 6:50am
Quoting realjumper
{quote} Very slow progress on the Kiwi tonight. It's in profit by only 7 pips so there isn't much I can do with it, and I will be closing early tonight because I have to be at the airport early tomorrow. So, I'll go have a shower and see what's going on when I get back.....I'll close it, profit or not, unless I can get the SL to BE.......
Ok....showers finished and so is this trade....I'm out for +2 so I didn't quite make my daily target....very close though.

Trade well...see you tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,486
  • Jun 6, 2013 3:13pm Jun 6, 2013 3:13pm
Quoting lastingwell
Anybody else catch the down move in EJ. The hourly had failed to close above the monthly pivot, then a large hangman candle took the sell when it closed on M5 below the pivot, 208 pips {image} {image}
Nice trade...well done. However.....we are NOT going to go down the road of candle formations etc etc etc that are NOT part of Genesis System.......per Post #1

What we will do here is trade using the Genesis Matrix.

What we won’t do here is to predict which way the market is going next…..because we don’t know that!

We won’t entertain, or tolerate any technical analysis (TA) or fundamental analysis (FA) that leads to a bias for long or short trades, or any other bias whatsoever.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,487
  • Jun 6, 2013 4:01pm Jun 6, 2013 4:01pm
Quoting lastingwell
{quote} Apologies but wasnt this the exact type of post Fame of me made?? http://www.forexfactory.com/showthre...24#post6702624 You didnt appear to have a problem with that one so I didnt see a problem with the one I posted.

Yes it looks the same
  • #14,488
  • Jun 6, 2013 5:25pm Jun 6, 2013 5:25pm
Quoting lastingwell
{quote} Apologies but wasnt this the exact type of post Fame of me made?? http://www.forexfactory.com/showthre...24#post6702624 You didnt appear to have a problem with that one so I didnt see a problem with the one I posted.
So because someone else made a mistake and broke the thread rules and I didn't pick it up, means that the rules don't exist????

I do my best to be even handed in the enforcement of the rules here, I missed that one you pointed out and I'm sorry I missed it. However, the rules stand.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,489
  • Edited 5:49pm Jun 6, 2013 5:36pm | Edited 5:49pm
This post is NOT aimed at anyone in particular....it is aimed at EVERYONE

I have to remind people day in and day out about what is and isn't acceptable on this thread.....and the rules are few, and are constant and are all available on Post #1......yet.....not a week goes by where I don't have to repeat myself at least once.

Look, there are many, many threads when all sorts of predictions and patterns and wave counts and a whole lot of other clap trap is permitted, and even encouraged. THIS IS NOT ONE OF THOSE THREADS.

I am sick up to the back teeth with people who will not respect the simple rules of this thread, which are available on Post #1 which should be read by all posters here.....BEFORE......they submit their first post.

We trade according the Genesis Matrix System on this thread and I WILL NOT back down on the simple to follow rules.

We DO NOT do predictions here....and we DO NOT use Japanese candle's or formations to enter trades. We do not use Elliot Waves or any other kind of waves in this thread.

If you insist on predicting......you're gone from this thread. If you don't read Post #1 (and I know whether you have or not by your question), you're gone. If you ask a question that has been answered multiple times, because you didn't bother to use the SEARCH function for this thread, you gone.

I've had a guts full of it........

I am very, VERY close to asking the FF administrator to send the thread to the recycle bin because people here just WILL NOT respect the simple rules. But before I go that far......I will now not keep repeating for people to read Post #1.....I will simply kick people out....no more reminders.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,490
  • Jun 6, 2013 5:37pm Jun 6, 2013 5:37pm
Quoting tixy
{quote} Yes it looks the same
First and last post on this thread for you.....bye bye
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,491
  • Edited 6:31pm Jun 6, 2013 6:06pm | Edited 6:31pm
Quoting realjumper
{quote} So because someone else made a mistake and broke the thread rules and I didn't pick it up, means that the rules don't exist???? I do my best to be even handed in the enforcement of the rules here, I missed that one you pointed out and I'm sorry I missed it. However, the rules stand.

You misunderstood me. I posted it because I didnt know there was anything wrong with it not because you didnt pick up on it, because if it was such a rule so set in stone that my post made you very angry you wouldnt have "missed" this one of Fame of me's http://www.forexfactory.com/showthre...24#post6702624 you would have told her about it immediately, because you obviously saw her post because you answered it, and enthused about the trade!!

Dont worry I can see myself out the door, bye bye.
  • #14,492
  • Edited 8:36pm Jun 6, 2013 8:09pm | Edited 8:36pm
Quoting lastingwell
{quote} You misunderstood me. I posted it because I didnt know there was anything wrong with it not because you didnt pick up on it, because if it was such a rule so set in stone that my post made you very angry you wouldnt have "missed" this one of Fame of me's http://www.forexfactory.com/showthre...24#post6702624 you would have told her about it immediately, because you obviously saw her post because you answered it, and enthused about the trade!! Dont worry I can see...
Oh I see...so anyone other than me can make a mistake.........I see.

Do you see how many posts I answer????...........am I not allowed to miss ONE SINGLE ASPECT OF ONE POST?????? FFS....

And by the way....I wasn't angry at your post......but this one just plain pisses me off....

Edit: If you choose to to 'see yourself out', that's entirely up to you......I have not kicked you out.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,493
  • Jun 6, 2013 8:09pm Jun 6, 2013 8:09pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I don't post that often but even I know to stick to genesis, which after all, is why we are here. I see that many times, people online have the meltdown, whereas, if they were face to face it would seemingly be a simple, harmless discussion.
Have a simple genesis template on your system to post charts with.
Keep your other ideas (which you should have let go by now) to yourself.
Say, "oops, sorry RJ, I'll fix that now" and you will not have to be decapitated!
  • #14,494
  • Jun 6, 2013 8:12pm Jun 6, 2013 8:12pm
Quoting Jamz
I don't post that often but even I know to stick to genesis, which after all, is why we are here. I see that many times, people online have the meltdown, whereas, if they were face to face it would seemingly be a simple, harmless discussion. Have a simple genesis template on your system to post charts with. Keep your other ideas (which you should have let go by now) to yourself. Say, "oops, sorry RJ, I'll fix that now" and you will not have to be decapitated!
  • #14,495
  • Jun 6, 2013 8:34pm Jun 6, 2013 8:34pm
Quoting Jamz
I don't post that often but even I know to stick to genesis, which after all, is why we are here. I see that many times, people online have the meltdown, whereas, if they were face to face it would seemingly be a simple, harmless discussion. Have a simple genesis template on your system to post charts with. Keep your other ideas (which you should have let go by now) to yourself. Say, "oops, sorry RJ, I'll fix that now" and you will not have to be decapitated!

Exactly Jamz......indeed one of the main reasons that the template uses HA candles is to stop this irritating candlestick analysis, which is inherently unreliable on the small TF's........Yes, I do post Japanese candle formations *for consideration* on the H4, Daily, Weekly charts from time to time, and on those TF's the candles get more reliable, but I NEVER state that it is a reason to look for long, short or anything else, certainly not ever for an entry.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,496
  • Jun 6, 2013 10:51pm Jun 6, 2013 10:51pm
This is the best thread that I have ever come across and I look forward to it every day. I cannot begin to express what I have learned and continue to learn. I think RJ, the team and other contributing members have done an awesome job keeping this thread on topic. I also think RJ’s new policy of booting people out for not taking the time to read through the thread is a good idea and fair. When a nonreader ends up getting the boot, they will be forced to read Post #1 and at that time they will learn the error of their ways. In any case, thanks again RJ, the team and other contributing members for your continued generosity of time and knowledge and for keeping this thread on topic.
  • #14,497
  • Jun 7, 2013 3:17am Jun 7, 2013 3:17am
Took this one on demo because it is outside of my trading hours, left it overnight, woke up to see it had gone to my target, yipee
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  • #14,498
  • Jun 7, 2013 3:53am Jun 7, 2013 3:53am
Short entry NU M15
1. Overall trend is down
2. Matrix red
3. Stoch crossed and pointing down
3. M15,H1, H4 D1 Arrows down
4. Below DP
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  • #14,499
  • Jun 7, 2013 4:07am Jun 7, 2013 4:07am
Quoting iwan73
Short entry NU M15 1. Overall trend is down 2. Matrix red 3. Stoch crossed and pointing down 3. M15,H1, H4 D1 Arrows down 4. Below DP {image}
I am not in front of trading computers today. Just saw your chart. Looks good.
What the mind does not know, the eyes cannot see
  • #14,500
  • Jun 7, 2013 4:19am Jun 7, 2013 4:19am
Quoting iwan73
Short entry NU M15 1. Overall trend is down 2. Matrix red 3. Stoch crossed and pointing down 3. M15,H1, H4 D1 Arrows down 4. Below DP {image}
I would not have shorted at that position. Your stochs show PA is in or almost in OS territory. I have mentioned a few times that you can't just automatically pull the trigger once you think the matrix's are lined up. You're basically selling at the bottom of the current move hoping it will continue to fall without a retrace. GL
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