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Genesis Matrix Trading

  • #16,801
  • Aug 9, 2013 12:42am Aug 9, 2013 12:42am
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.
nice stochs though eh?
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,802
  • Aug 9, 2013 12:43am Aug 9, 2013 12:43am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jjre65
{quote} Fair call Jamz Always get a rush of enthusiasm when I get my first glimpse at the charts for the day J

Right there JJ, I used to always instantly see a trade when the screens came up! Keep up the enthusiasm but build in some controls.....
Yes, great stochastics, someone else may have taken this trade.
  • #16,803
  • Aug 9, 2013 12:48am Aug 9, 2013 12:48am
Quoting Jamz
{quote} Right there JJ, I used to always instantly see a trade when the screens came up! Keep up the enthusiasm but build in some controls..... Yes, great stochastics, someone else may have taken this trade.
yes .....quite.......the holy grail........patience and discipline..................J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,804
  • Aug 9, 2013 12:49am Aug 9, 2013 12:49am
and be yourself............................everyone else is taken
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,805
  • Aug 9, 2013 12:54am Aug 9, 2013 12:54am
Quoting Jamz
{quote} Right there JJ, I used to always instantly see a trade when the screens came up! Keep up the enthusiasm but build in some controls..... Yes, great stochastics, someone else may have taken this trade.
I like the trade JJ. Stox good and a good PA push off MA. Against previous trend but trends do have to end........

The only thing you have to keep in the back of your mind is.......the time of day - is there going to be enough interest/volatility for this signal to play out? I've had other great setups but the time of day has always been a factor. We need to trade liquid times. The signal is only as good as the number of people willing to speculate the same as you at this time. The bigger the "audience" the more chance that a mob mentality will ensue.

PM1
  • #16,806
  • Aug 9, 2013 1:01am Aug 9, 2013 1:01am
Quoting PipMonster1
{quote} I like the trade JJ. Stox good and a good PA push off MA. Against previous trend but trends do have to end........ The only thing you have to keep in the back of your mind is.......the time of day - is there going to be enough interest/volatility for this signal to play out? I've had other great setups but the time of day has always been a factor. We need to trade liquid times. The signal is only as good as the number of people willing to speculate the same as you at this time. The bigger the "audience" the more chance that a mob mentality...
Hey

Yes thats something Im building into my trading now I can see more than I used too.
I often notice odd PA when LIQ is low and v/v .....and it is something I keep tabs on w FF
Sometimes when LIQ is as low as 5% thers a wallop in the backsaide and then when its 120%......flat as a pancake

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,807
  • Aug 9, 2013 1:05am Aug 9, 2013 1:05am
Quoting realjumper
{quote} This is one of those times where you're damned if you do, and you're damned if you don't!! Lets have a look at this: For the trade: * Rejection of the DP...in fact PA has tried several times to break the DP but failed each time. * Full Genesis Matrix * M5 and M15 Stochs both perfect * Arrow * Cheap SL Against the trade: * late in Tokyo session Also, into the mix we can throw a fair bit of BOJ announcements and the yet-to-come (at the time) BOJ Press conference. We can never know which way the PA is going to go upon news events. So..to take...
I get it RJ, thanks for detailed explanation
  • #16,808
  • Aug 9, 2013 2:10am Aug 9, 2013 2:10am
Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise

The Public debt is " larger than the economies of Germany, France and the U.K. combined"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,809
  • Aug 9, 2013 3:58am Aug 9, 2013 3:58am
Hi all and thanks to genesis team to admit a newbie like me to this wonderful thread.
I took that trade this morning:no matter what will do from now on,I'm done for the day.
The entry was at the fist red line and my target was a few pips over S1(I don't like to place it exactly over S/R/pivot,I'd prefer to place it a few pips far from it).
Hope to post something else good next week,I try to stick to my pips plan(25 pips a day).
Have a nice weekend all
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Laughing and smiling is always better than complaining and crying!
  • #16,810
  • Aug 9, 2013 3:59am Aug 9, 2013 3:59am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
http://img1.nairaland.com/attachment...5a99f1424ea357
  • #16,811
  • Aug 9, 2013 4:10am Aug 9, 2013 4:10am
Quoting lucats72
Hi all and thanks to genesis team to admit a newbie like me to this wonderful thread. I took that trade this morning:no matter what will do from now on,I'm done for the day. The entry was at the fist red line and my target was a few pips over S1(I don't like to place it exactly over S/R/pivot,I'd prefer to place it a few pips far from it). Hope to post something else good next week,I try to stick to my pips plan(25 pips a day). Have a nice weekend all {image}
Nice going lucats...and welcome to the coffee shop! 25 pips/day is a great start and is a great target....not too big, not too small....and with compounding your account has the potential to grow quicker than you might imagine
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,812
  • Aug 9, 2013 4:10am Aug 9, 2013 4:10am
Just me and my (boring) feeling.. or the market is kind of taking a long nap today...
  • #16,813
  • Aug 9, 2013 4:13am Aug 9, 2013 4:13am
Quoting dreamcatcher
Just me and my (boring) feeling.. or the market is kind of taking a long nap today...
There's not much news on the calendar, but we never know what will happen next.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,814
  • Aug 9, 2013 5:25am Aug 9, 2013 5:25am
Quoting realjumper
{quote} There's not much news on the calendar, but we never know what will happen next.....
You're right, RJ.
Took this short on EJ, target on daily pivot. Risk/Reward around 1:2, patience really pays
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  • #16,815
  • Aug 9, 2013 5:29am Aug 9, 2013 5:29am
Quoting dreamcatcher
{quote} You're right, RJ. Took this short on EJ, target on daily pivot. Risk/Reward around 1:2, patience really pays {image}
I got it too...and the same on GJ

Update: GJ and EJ are going to have a crack at S1 perhaps.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,816
  • Aug 9, 2013 5:35am Aug 9, 2013 5:35am
Another hot day more than 35 Celsius. My computer is melting down .
I just closed GJ short on DP (few pips gain).
Waiting for rain and temperature drop.
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  • #16,817
  • Aug 9, 2013 5:40am Aug 9, 2013 5:40am
Quoting iwan73
Another hot day more than 35 Celsius. My computer is melting down . I just closed GJ short on DP (few pips gain). Waiting for rain and temperature drop. {image}
Only 4 degrees tonight here....but hot coffee sorts that out!! Looks like you need iced coffee!!

I still have GJ and EJ running....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,818
  • Aug 9, 2013 5:49am Aug 9, 2013 5:49am
Quoting dreamcatcher
{quote} You're right, RJ. Took this short on EJ, target on daily pivot. Risk/Reward around 1:2, patience really pays {image}
Nice one Dreamcatcher. I was about to post that trade myself, but you beat me to it! I also TP'd at DP.
  • #16,819
  • Edited 6:09am Aug 9, 2013 5:55am | Edited 6:09am
Quoting Trekker
{quote} Nice one Dreamcatcher. I was about to post that trade myself, but you beat me to it! I also TP'd at DP.
Good trade

Perhaps the DP will support this now on EJ and GJ....in which case I will get stopped out (in profit) in a minute!!

Update: Both trades stopped... EJ +21, GJ +23. Shame, I thought there might be some follow through on that move, but it seems not!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,820
  • Aug 9, 2013 6:56am Aug 9, 2013 6:56am
There's the EJ / GJ follow through...lol...an hour later
Doing what you like is Freedom. Liking what you do is Happiness.
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