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Genesis Matrix Trading

  • #16,781
  • Aug 8, 2013 2:53am Aug 8, 2013 2:53am
Another clear genesis signal on AU. Did not take it due to recent trend up.
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  • #16,782
  • Aug 8, 2013 2:57am Aug 8, 2013 2:57am
Quoting Cold_W
Another clear genesis signal on AU. Did not take it due to recent trend up. {image}
Did you not see the divergence there CW?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,783
  • Aug 8, 2013 3:02am Aug 8, 2013 3:02am
Quoting realjumper
{quote} Did you not see the divergence there CW?
The divergence is pretty clear and I did see it. I remember your advice to take CT trades after one gets some profit from trading with the trend, so I decided to play safe and not take this CT trade. The signal itself looks awesome to me, hard to resist I must say
  • #16,784
  • Aug 8, 2013 3:06am Aug 8, 2013 3:06am
Quoting Cold_W
{quote} The divergence is pretty clear and I did see it. I remember your advice to take CT trades after one gets some profit from trading with the trend, so I decided to play safe and not take this CT trade. The signal itself looks awesome to me, hard to resist I must say
Yep...that's fair enough too....and I'm not trading the Aussie just now although if and when the bear trend resumes I may have to rethink that and add it back into my list of currency pairs.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,785
  • Aug 8, 2013 3:12am Aug 8, 2013 3:12am
Quoting realjumper
{quote} Yep...that's fair enough too....and I'm not trading the Aussie just now although if and when the bear trend resumes I may have to rethink that and add it back into my list of currency pairs.
Well, the trade was good at least for 25 pips, we'll see where it goes from there. JPY crosses look scary to me at the moment
  • #16,786
  • Aug 8, 2013 3:18am Aug 8, 2013 3:18am
Quoting Cold_W
{quote} Well, the trade was good at least for 25 pips, we'll see where it goes from there. JPY crosses look scary to me at the moment
The two JP crosses I trade are EJ and GJ, and both still have room to move as they are under their ATR. Of course that might mean jack, but it's worth considering as we have a long way to go today yet.

I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,787
  • Aug 8, 2013 3:21am Aug 8, 2013 3:21am
Quoting realjumper
{quote} The two JP crosses I trade are EJ and GJ, and both still have room to move as they are under their ATR. Of course that might mean jack, but it's worth considering as we have a long way to go today yet. I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
It's not hard to guess as we all know someone who loves GJ even more than you do
  • #16,788
  • Aug 8, 2013 3:22am Aug 8, 2013 3:22am
Quoting Cold_W
{quote} It's not hard to guess as we all know someone who loves GJ even more than you do
EA is my baby!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,789
  • Aug 8, 2013 3:35am Aug 8, 2013 3:35am
Quoting realjumper
{quote} EA is my baby!!
It's a star for sure!

After carefull reading of your M5-entry-M15-managing test, before I take any trade on M5 I pay attention to the M15 Matrix and if it has all 4 boxes of opposite color I prefer to ingore that signal. Does that make sense to you?
  • #16,790
  • Aug 8, 2013 3:39am Aug 8, 2013 3:39am
Quoting Cold_W
{quote} It's a star for sure! After carefull reading of your M5-entry-M15-managing test, before I take any trade on M5 I pay attention to the M15 Matrix and if it has all 4 boxes of opposite color I prefer to ingore that signal. Does that make sense to you?
Yup...sounds like a plan

This week has been a bit crazy for me like last week was. I was hoping for a more settled week but you know what happens to the best plans. Anyway, it I can get a peaceful week next week I'll see about making some live trades which may (or may not...lol) be helpful. I haven't made any from start to finish for a few weeks so I'll put that right if I can get some peace next week!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,791
  • Aug 8, 2013 3:44am Aug 8, 2013 3:44am
Quoting realjumper
{quote} Yup...sounds like a plan This week has been a bit crazy for me like last week was. I was hoping for a more settled week but you know what happens to the best plans. Anyway, it I can get a peaceful week next week I'll see about making some live trades which may (or may not...lol) be helpful. I haven't made any from start to finish for a few weeks so I'll put that right if I can get some peace next week!!
Great, thank you. Will add this rule to my checklist.
It would be wounderful to see some live trades from you again. Looking forward to it!
  • #16,792
  • Aug 8, 2013 4:22am Aug 8, 2013 4:22am
Quoting Cold_W
{quote} Well, the trade was good at least for 25 pips, we'll see where it goes from there.
Hi CW, RJ, when i saw this set-up i doubted to take it, because it was a CT trade, obviously, but when i saw the ATR reached and the confluence of R2 with Monthly Pivot i took my risk of 20 pips for a profit of 27 at R1. Not a great trade, looking at R:R but i think it's good for a CT.

just a sharing of my thoughts
Ciao. Luca
  • #16,793
  • Aug 8, 2013 4:27am Aug 8, 2013 4:27am
Quoting Lio46
{quote} Hi CW, RJ, when i saw this set-up i doubted to take it, because it was a CT trade, obviously, but when i saw the ATR reached and the confluence of R2 with Monthly Pivot i took my risk of 20 pips for a profit of 27 at R1. Not a great trade, looking at R:R but i think it's good for a CT. just a sharing of my thoughts
Thank you Lio, it always helps to know why one would take or ignore a signal.
  • #16,794
  • Aug 8, 2013 4:28am Aug 8, 2013 4:28am
Quoting Lio46
{quote} Hi CW, RJ, when i saw this set-up i doubted to take it, because it was a CT trade, obviously, but when i saw the ATR reached and the confluence of R2 with Monthly Pivot i took my risk of 20 pips for a profit of 27 at R1. Not a great trade, looking at R:R but i think it's good for a CT. just a sharing of my thoughts
Well done

That's a good CT trade, and what we need to remember when having a go at these CT trades is to keep our expectations modest. If you can grab a quick 20 or 30 pips, go for it if the SL is worth it.....just don't hang on to the trade for too long. If the CT turns into a genuine reversal, you'll get plenty of chances to re-enter.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,795
  • Aug 8, 2013 5:49pm Aug 8, 2013 5:49pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} The two JP crosses I trade are EJ and GJ, and both still have room to move as they are under their ATR. Of course that might mean jack, but it's worth considering as we have a long way to go today yet. I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
Just ran that through to Do-able-auto spreadsheet and want to be chauffeur, maid, doorman, chef, lawnmowing person....anything.....the spreadsheet couldn't manage those figures after 20 weeks but by then it had already reached 371 gazillion dollars!!!! We may see some big spikes on GJ soon......
  • #16,796
  • Aug 8, 2013 6:34pm Aug 8, 2013 6:34pm
I see that the market waited until I was tucked up in bed before making some moves last night....interesting that Tokyo and NY sessions were good, but London not so good. That doesn't happen every day....thank goodness!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,797
  • Aug 8, 2013 8:23pm Aug 8, 2013 8:23pm
Aussie and China news coming shortly....and China news will impact the AUD and Kiwi as well....fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,798
  • Aug 8, 2013 11:15pm Aug 8, 2013 11:15pm
Just got home from work
Did anyone catch this?

  1. continuation of dominant bear trend (looks like a bull trend but I think he bull trend is a pull back on H1)
  2. lovely stochs (inc M30 / H1)
  3. divergence
  4. not bouncing off R or ATR but theres more room to move down than up

Dont know what the news has been doing
Would anyone else rate this as an HPT for 30 odd pips down to DP....maybe a CT for 30 odd pips?

Cheers J

Edit: cheap S/L too

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Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,799
  • Aug 9, 2013 12:32am Aug 9, 2013 12:32am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jjre65
Just got home from work Did anyone catch this? continuation of dominant bear trend (looks like a bull trend but I think he bull trend is a pull back on H1) lovely stochs (inc M30 / H1) divergence not bouncing off R or ATR but theres more room to move down than upDont know what the news has been doing Would anyone else rate this as an HPT for 30 odd pips down to DP....maybe a CT for 30 odd pips? Cheers J Edit: cheap S/L too {image}
Saw that one but I thought "above the DP" and "after large upper from london close" put me off and rather await something HPT, not how I would describe that trade. It does look simpler from now but as it happened, no from me. I am always aiming for 1 more trade at present so I can wait.
  • #16,800
  • Aug 9, 2013 12:37am Aug 9, 2013 12:37am
Quoting Jamz
{quote} Saw that one but I thought "above the DP" and "after large upper from london close" put me off and rather await something HPT, not how I would describe that trade. It does look simpler from now but as it happened, no from me. I am always aiming for 1 more trade at present so I can wait.
Fair call Jamz

Always get a rush of enthusiasm when I get my first glimpse at the charts for the day

J
Winning isnt everything but coming second sucks (Charlie Brown)
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