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Genesis Matrix Trading

  • #16,581
  • Aug 1, 2013 5:36pm Aug 1, 2013 5:36pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Cold_W
Morning/evening to all, For some reason I just did not see that PMI news from UK coming and took a long trade! Was lucky to take +35, but it was not HPT (before red news!!!). Coffee time for me as well. {image}
Ran a check on CW's news trade and yip, found out it is just fine.....perfect timing except for the sheep.......
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  • #16,582
  • Aug 1, 2013 8:06pm Aug 1, 2013 8:06pm
Aussie PPI news in about 25 minutes......I have nothing open at the moment but I'll keep an eye on EA.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,583
  • Aug 1, 2013 11:45pm Aug 1, 2013 11:45pm
Quoting Jamz
{quote} Ran a check on CW's news trade and yip, found out it is just fine.....perfect timing except for the sheep....... {image}
As Genesis traders we must remember to keep the sheep happy
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  • #16,584
  • Aug 2, 2013 1:57am Aug 2, 2013 1:57am
Well, here we go...another NFP day coming up. I would be surprised if we have much to trade today as it seems that on NFP days, London is a quiet market. Still.....I have a fair amount of coffee on hand so I should be ok!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,585
  • Aug 2, 2013 2:03am Aug 2, 2013 2:03am
Quoting realjumper
Well, here we go...another NFP day coming up. I would be surprised if we have much to trade today as it seems that on NFP days, London is a quiet market. Still.....I have a fair amount of coffee on hand so I should be ok! {image}
OMG, looks like you will be just fine for the next 10+ hours

I was tempted to take this long on EJ, the only thing that stopped me was PA being in the middle of "no man's land". Did you take it?
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  • #16,586
  • Aug 2, 2013 2:07am Aug 2, 2013 2:07am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
Well, here we go...another NFP day coming up. I would be surprised if we have much to trade today as it seems that on NFP days, London is a quiet market. Still.....I have a fair amount of coffee on hand so I should be ok! {image}
Jeepers! Where's the cream? You'll be awake all night swimming with that one!

No trades yet for me today......playing it as slow as the market tonight.....might just need a small coffee...or 2......
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  • #16,587
  • Aug 2, 2013 2:08am Aug 2, 2013 2:08am
Quoting Cold_W
{quote} OMG, looks like you will be just fine for the next 10+ hours I was tempted to take this long on EJ, the only thing that stopped me was PA being in the middle of "no man's land". Did you take it? {image}
No I didn't. I am babysitting an EJ trade and I think this might be my only trade unless something nice comes along. The poor Spanish news is not doing the Euro any favours......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,588
  • Aug 2, 2013 2:13am Aug 2, 2013 2:13am
Quoting realjumper
{quote} No I didn't. I am babysitting an EJ trade and I think this might be my only trade unless something nice comes along. The poor Spanish news is not doing the Euro any favours......
I asked you about EJ, did I misunderstand you?
  • #16,589
  • Aug 2, 2013 2:41am Aug 2, 2013 2:41am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Cold_W
{quote} I asked you about EJ, did I misunderstand you?

see what coffee can do? too much......he probably means EA but his coffee laden fingers can't type ploperly.......
  • #16,590
  • Aug 2, 2013 2:43am Aug 2, 2013 2:43am
Quoting Cold_W
{quote} I asked you about EJ, did I misunderstand you?
Oh sorry....for some reason I thought you said EU!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,591
  • Aug 2, 2013 2:45am Aug 2, 2013 2:45am
Quoting realjumper
{quote} Oh sorry....for some reason I thought you said EU!
Jamz is right, too much coffee can affect you after all
  • #16,592
  • Aug 2, 2013 2:49am Aug 2, 2013 2:49am
Quoting Cold_W
{quote} Jamz is right, too much coffee can affect you after all
"Too much coffee?"....impossible!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,593
  • Aug 2, 2013 2:55am Aug 2, 2013 2:55am
S entry N/U M5.

Downtrand, Matrix, LL, quite good situation on M15 chart.
TP: 50% on yesterdays low, 50% on S1.
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  • #16,594
  • Aug 2, 2013 3:02am Aug 2, 2013 3:02am
Quoting iwan73
S entry N/U M5. Downtrand, Matrix, LL, quite good situation on M15 chart. TP: 50% on yesterdays low, 50% on S1. {image}
Looks like a great setup
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,595
  • Aug 2, 2013 3:03am Aug 2, 2013 3:03am
Quoting iwan73
S entry N/U M5. Downtrand, Matrix, LL, quite good situation on M15 chart. TP: 50% on yesterdays low, 50% on S1. {image}
Nice entry
  • #16,596
  • Aug 2, 2013 3:11am Aug 2, 2013 3:11am
Quoting iwan73
S entry N/U M5. Downtrand, Matrix, LL, quite good situation on M15 chart. TP: 50% on yesterdays low, 50% on S1. {image}
Have you moved your SL@BE?
  • #16,597
  • Aug 2, 2013 3:13am Aug 2, 2013 3:13am
Quoting Cold_W
{quote} Have you moved your SL@BE?

Yes.
  • #16,598
  • Aug 2, 2013 3:36am Aug 2, 2013 3:36am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Weekend homework will now include excel formula 5 hour lesson....thanks Wiz..... I know I will learn to love it.
  • #16,599
  • Aug 2, 2013 3:51am Aug 2, 2013 3:51am
Dear RJ

I have a question concerning your experiment with M15 exits.
Let's suppose that you took a long entry targeting R1.
PA indeed reached R1 but M15 matrix looks quite good.
I guess that you keep your position open.
Is that so?
Enter Signature
  • #16,600
  • Aug 2, 2013 4:03am Aug 2, 2013 4:03am
Quoting thomasK
Dear RJ I have a question concerning your experiment with M15 exits. Let's suppose that you took a long entry targeting R1. PA indeed reached R1 but M15 matrix looks quite good. I guess that you keep your position open. Is that so?
It's not so much 'exiting' with M15...it's more managing the trade with M15. The exits are the same as I have always done, target pivots, round numbers or historic s/r lines.

But to answer your question, assuming that R1 was my target: I generally manually trail my trades as you may have seen, and if the Matrix looks good, stochs still look good etc etc, then I will bring my SL up to a suitable spot between the pivot and R1, and then target R2. If the pa successfully moves on from R1, then I will bring my SL up to just under R1 and then watch as the PA continues, and manually trail the PA as usual.

On the other hand, if the PA/matrix/stochs are looking a bit exhausted at R1, I will take the money and run. If the PA later takes off to R2 without me, so be it!

Does that help?
Doing what you like is Freedom. Liking what you do is Happiness.
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