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Genesis Matrix Trading

  • #15,681
  • Jun 26, 2013 4:12am Jun 26, 2013 4:12am
Quoting itsallover
{quote} ... stochs are low... looks like PA is bottoming out.. CSM shows a weak EUR and strongish JPY ....
Yes, it broke through I was short on GJ but I got stopped out and it went without me. I should have waited for the correlated EJ and UJ to signal alongside GJ to enter.. :/ Oh well.

I actually got stopped because of my horrible spreads........
  • #15,682
  • Jun 26, 2013 4:20am Jun 26, 2013 4:20am
Quoting WDays
{quote} Yes, it broke through I was short on GJ but I got stopped out and it went without me. I should have waited for the correlated EJ and UJ to signal alongside GJ to enter.. :/ Oh well. I actually got stopped because of my horrible spreads........
I'm not liking PA at all right now. I'll wait till it starts behaving itself.
.... laughing all the way to the bank
  • #15,683
  • Jun 26, 2013 4:23am Jun 26, 2013 4:23am
Quoting itsallover
{quote} I'm not liking PA at all right now. I'll wait till it starts behaving itself.
Definitely the right thing to do, I might call it a day, even... I really dont like trading breakouts for some reason they always get me nervous and feeling like "if I don't enter now, I won't get a 2nd chance" and price retraces back up giving me a better entry point..
  • #15,684
  • Jun 26, 2013 4:32am Jun 26, 2013 4:32am
Quoting WDays
{quote} Definitely the right thing to do, I might call it a day, even... I really dont like trading breakouts for some reason they always get me nervous and feeling like "if I don't enter now, I won't get a 2nd chance" and price retraces back up giving me a better entry point..
I'm sure we've all been down that route. These days if I miss a retrace from a Breakout and it just goes without me, I just say its ok. Can't stress too much about it.
.... laughing all the way to the bank
  • #15,685
  • Jun 26, 2013 5:14am Jun 26, 2013 5:14am
On the other hand Im finding EJ and AU very easy to read this morning, perhaps I had a good breakfast
  • #15,686
  • Jun 26, 2013 5:16am Jun 26, 2013 5:16am
Quoting lastingwell
On the other hand Im finding EJ and AU very easy to read this morning, perhaps I had a good breakfast

Good for you. Must have just missed the party. When did you take the trades ... or perhaps... you could post a chart for us
.... laughing all the way to the bank
  • #15,687
  • Jun 26, 2013 5:18am Jun 26, 2013 5:18am
Quoting itsallover
{quote} Good for you. Must have just missed the party. When did you take the trades ... or perhaps... you could post a chart for us

That was my next job
  • #15,688
  • Jun 26, 2013 5:19am Jun 26, 2013 5:19am
Quoting itsallover
{quote} I'm sure we've all been down that route. These days if I miss a retrace from a Breakout and it just goes without me, I just say its ok. Can't stress too much about it.
I have found it is better to avoid breakouts where price just destroys the s/r, piercing through it like it was nothing... those are most frequently fakeouts. If it doesn't retrace back and rejects, I just don't take the trade...
  • #15,689
  • Jun 26, 2013 5:20am Jun 26, 2013 5:20am
Quoting itsallover
{quote} Good for you. Must have just missed the party. When did you take the trades ... or perhaps... you could post a chart for us
The bounce off y'days low on EJ, im betting! As for AU, it was only good this morning... Waay too early for a drunk like me
  • #15,690
  • Jun 26, 2013 5:20am Jun 26, 2013 5:20am
Rumours that two chinese banks have temporarily ceased lending to all customers ??

Bank officials say "problem is minor" ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,691
  • Jun 26, 2013 5:22am Jun 26, 2013 5:22am
Quoting WDays
{quote} I have found it is better to avoid breakouts where price just destroys the s/r, piercing through it like it was nothing... those are most frequently fakeouts. If it doesn't retrace back and rejects, I just don't take the trade...
Exactly!
Want to send you a pm
.... laughing all the way to the bank
  • #15,692
  • Jun 26, 2013 5:23am Jun 26, 2013 5:23am
Quoting itsallover
{quote} Exactly! Want to send you a pm
Should be able to, now
  • #15,693
  • Jun 26, 2013 5:27am Jun 26, 2013 5:27am
Quoting Martyfish
Rumours that two chinese banks have temporarily ceased lending to all customers ?? Bank officials say "problem is minor" ??

... oh dear .... should I start stockpiling chocies .... oh yeah ... and water...
.... laughing all the way to the bank
  • #15,694
  • Jun 26, 2013 5:29am Jun 26, 2013 5:29am
Quoting Martyfish
Rumours that two chinese banks have temporarily ceased lending to all customers ?? Bank officials say "problem is minor" ??
Oh boy.. will that be a new drop on AUD ?
  • #15,695
  • Jun 26, 2013 5:35am Jun 26, 2013 5:35am
Quoting WDays
{quote} Oh boy.. will that be a new drop on AUD ?
Very difficult to work out what the hell is happening in China, could be minor, like a bank worker pressed the wrong button, or massive hole in funding liquidity.

We know BOC has massive funds, but can they get it to the right places.

With twitchy markets, caused by BOJ easing and Fed tightening, rumours can run ahead of reality.

Markets dont like uncertainty, and this is exactly what we have, right now
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,696
  • Jun 26, 2013 5:45am Jun 26, 2013 5:45am
Quoting Martyfish
{quote} Very difficult to work out what the hell is happening in China, could be minor, like a bank worker pressed the wrong button, or massive hole in funding liquidity. We know BOC has massive funds, but can they get it to the right places. With twitchy markets, caused by BOJ easing and Fed tightening, rumours can run ahead of reality. Markets dont like uncertainty, and this is exactly what we have, right now
Thanx for letting us know Marty.
.... laughing all the way to the bank
  • #15,697
  • Jun 26, 2013 5:52am Jun 26, 2013 5:52am
Quoting Martyfish
{quote} Very difficult to work out what the hell is happening in China, could be minor, like a bank worker pressed the wrong button, or massive hole in funding liquidity. We know BOC has massive funds, but can they get it to the right places. With twitchy markets, caused by BOJ easing and Fed tightening, rumours can run ahead of reality. Markets dont like uncertainty, and this is exactly what we have, right now
I see... Great to read from you, like always
  • #15,698
  • Jun 26, 2013 5:52am Jun 26, 2013 5:52am
Quoting WDays
{quote} Oh boy.. will that be a new drop on AUD ?
.... well there's definitely something going on with AU now...
.... laughing all the way to the bank
  • #15,699
  • Jun 26, 2013 6:01am Jun 26, 2013 6:01am
Ive attached the trades taken today so far with M5 genesis. Apologies but the trades were taken in another account and I haven't got the templates set up there, but on EJ the first vertical line is where I went in after a bounce off the dp second vertical line is where I came out just above yesterdays low. Third vertical line is where I went in this morning which I have just this minute taken +20.

Second chart is AU and +27 taken at first vertical and out on second vertical after it fell back at r1 and currently in an AU sell that went in at 10.25 gmt after rejecting R1 about a million times
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpymm5.gif Size: 35 KB
Click to Enlarge Name: audusdmm5.gif Size: 38 KB
  • #15,700
  • Jun 26, 2013 6:04am Jun 26, 2013 6:04am
Quoting lastingwell
Ive attached the trades taken today so far with M5 genesis. Apologies but the trades were taken in another account and I haven't got the templates set up there, but on EJ the first vertical line is where I went in after a bounce off the dp second vertical line is where I came out just above yesterdays low. Third vertical line is where I went in this morning which I have just this minute taken +20. Second chart is AU and +27 taken at first vertical and out on second vertical after it fell back at r1 and currently in an AU sell that went in at 10.25...
Great trades LW .....
.... laughing all the way to the bank
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