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Genesis Matrix Trading

  • #14,781
  • Jun 13, 2013 4:13am Jun 13, 2013 4:13am
Quoting WDays
Got me curious A similar stochastic setup on EU right now, only there we've got a matrix signal trying to develop... {image}
Doesn't that setup look familiar WD?
.... laughing all the way to the bank
  • #14,782
  • Jun 13, 2013 4:15am Jun 13, 2013 4:15am
Quoting itsallover
{quote} Doesn't that setup look familiar WD?
Precisely why I took it, was thinking of you the whole time but it doesn't seem like it's going to work out :/
  • #14,783
  • Jun 13, 2013 4:16am Jun 13, 2013 4:16am
Quoting WDays
{quote} Yes. I am more interested in EU however. Stochastics seemed okay for a short re-entry to me. I took it at the matrix signal I'm hoping it's going to fly... I'm targeting the pivot, but so far it is kind of struggling to break that 1.3340 level that killed my trade yesterday... fingers crossed...
Compare the M5 stochs on GU to those on EU.....see the difference? I'm not trading either of them, but if I was, my preference would be for GU short, not EU short because the M5 stoch looks more decisive on GU to me.....on EU it's wandering around mid stream not know what it wants to do!
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Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,784
  • Jun 13, 2013 4:17am Jun 13, 2013 4:17am
Quoting realjumper
{quote} The way I interpret that is that because the M15 stoch is solidly on the floor....the bears are in control at the moment. The PA is testing the underside of the pivot, but the M15 stoch is not interested......so if I was going to trade GU, which I'm not....I might be looking for a short entry if the low of the day is broken. I would only be interested in a long entry if the pivot is clearly broken and both stochs agree, and Genesis also agrees.....
Hi RJ,

Do you mean the low of the Previous Day?
or the low of the day before FO/LO?

Thanks
Failure leads to Success if one learns from mistakes and never give up
  • #14,785
  • Jun 13, 2013 4:17am Jun 13, 2013 4:17am
Quoting WDays
{quote} Precisely why I took it, was thinking of you the whole time but it doesn't seem like it's going to work out :/
Yeah it looks like that move started about 3 hrs ago and the 1Hr stochs have come down with not much PA movement to show for it.
.... laughing all the way to the bank
  • #14,786
  • Jun 13, 2013 4:18am Jun 13, 2013 4:18am
Quoting realjumper
{quote} Yup...I just got a PM about that....great to see that you have a good eye for detail!! Thanks for reporting my mistake...I appreciate it
No problem, thanks for keeping the thread alive!
  • #14,787
  • Jun 13, 2013 4:18am Jun 13, 2013 4:18am
audusd buy-- nzdusd buy
  • #14,788
  • Jun 13, 2013 4:20am Jun 13, 2013 4:20am
Quoting jinchu
{quote} Hi RJ, Do you mean the low of the Previous Day? or the low of the day before FO/LO? Thanks
The low of today... 5650
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,789
  • Jun 13, 2013 4:25am Jun 13, 2013 4:25am
I can't believe I just killed my trade because I saw 3 opposite signals on matrix and it dropped the second I closed. Hard to swallow.
  • #14,790
  • Jun 13, 2013 4:27am Jun 13, 2013 4:27am
Quoting WDays
I can't believe I just killed my trade because I saw 3 opposite signals on matrix and it dropped the second I closed. Hard to swallow.
Show us a chart....lets see if we can help
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,791
  • Jun 13, 2013 4:29am Jun 13, 2013 4:29am
Quoting realjumper
{quote} The low of today... 5650
Thanks
Failure leads to Success if one learns from mistakes and never give up
  • #14,792
  • Jun 13, 2013 4:31am Jun 13, 2013 4:31am
Quoting WDays
I can't believe I just killed my trade because I saw 3 opposite signals on matrix and it dropped the second I closed. Hard to swallow.
At the time when I believe you entered EU short I had no full Matrix signal on the short side...
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  • #14,793
  • Jun 13, 2013 4:32am Jun 13, 2013 4:32am
There u go, I'm kind of lost and have no idea what I should have done... Maybe should have waited for a retest before actually entering?
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  • #14,794
  • Jun 13, 2013 4:33am Jun 13, 2013 4:33am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting WDays
I can't believe I just killed my trade because I saw 3 opposite signals on matrix and it dropped the second I closed. Hard to swallow.

Don't feel alone there......I did the same with EA even opposing arrow then it dropped without me. Price stalling is a reason to trade out. I have had a good week but also left so much behind I am thinking of steak.....even caviar.....but I'll still be on lamb chops instead!
WDays, it is good to be on the learning how to maximize profit learning curve, not still on the entries or setups.......
  • #14,795
  • Jun 13, 2013 4:34am Jun 13, 2013 4:34am
Quoting lastingwell
Trying a CT trade on AU at this time of day though will move to BE asap and see how it reacts if it gets as far as the pivot. {image}

I couldnt decide what to do and had to go somewhere so I took half at the pivot and decided to let the rest run, just came back to it taking profit so +22 and +50 averaged out that is 36 pips roughly.
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  • #14,796
  • Jun 13, 2013 4:37am Jun 13, 2013 4:37am
Quoting Jamz
{quote} Don't feel alone there......I did the same with EA even opposing arrow then it dropped without me. Price stalling is a reason to trade out. I have had a good week but also left so much behind I am thinking of steak.....even caviar.....but I'll still be on lamb chops instead! WDays, it is good to be on the learning how to maximize profit learning curve, not still on the entries or setups.......
It does sting doesn't it

You're right though, makes me feel a little better about myself At least I'm not a complete noob, yay...

But really, when this last happened to me on GJ, my SL got hit within a matter of seconds. And for what? Because I decided to stick to a trade that was giving me dozens of opposite signals which I disregarded. What's the point in letting your SL get hit when trade is obviously not going to work out, I had said to myself...
  • #14,797
  • Jun 13, 2013 4:41am Jun 13, 2013 4:41am
Quoting WDays
There u go, I'm kind of lost and have no idea what I should have done... Maybe should have waited for a retest before actually entering? {image}
Well.....the reality is that since the 29th of last month, EU has risen 500 pips and hasn't really looked back. So any short trades have to be considered as CT trades. Because your trade was CT, you really need to get into it pretty quickly, and the ideal entry was just after London open. personally I wouldn't have entered where you did....I would have just let it go and look for something else. But, you made an entry and your SL was at about 3350 I'm guessing. If so, your SL would not have been hit and so it may have been better to let the trade run and see what happens. The SL was pretty cheap, so if it did get hit, it's not the end of the world!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,798
  • Jun 13, 2013 4:42am Jun 13, 2013 4:42am
Quoting lastingwell
{quote} I couldnt decide what to do and had to go somewhere so I took half at the pivot and decided to let the rest run, just came back to it taking profit so +22 and +50 averaged out that is 36 pips roughly. {image}
Nothing wrong with that!!!....You're having a great day today!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,799
  • Jun 13, 2013 4:44am Jun 13, 2013 4:44am
Quoting realjumper
{quote} Nothing wrong with that!!!....You're having a great day today!!
2nd day over 200 pips so yes Id say a VERY good day Just trying to get a head start on Fame before she wakes up
  • #14,800
  • Jun 13, 2013 4:45am Jun 13, 2013 4:45am
Quoting lastingwell
{quote} 2nd day over 200 pips so yes Id say a VERY good day Just trying to get a head start on Fame before she wakes up
LOL...you and me both....
Doing what you like is Freedom. Liking what you do is Happiness.
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