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Genesis Matrix Trading

  • #16,901
  • Aug 13, 2013 5:51am Aug 13, 2013 5:51am
Quoting realjumper
{quote} Yep...and the BRN right there too.....and ATR limit approaching.....I really entered based on a Matrix signal, plus ASCTrend (arrow) plus momentum. It wasn't until after I entered that I saw all these things.....a real muppet trade from me, but I got away with it! Edit: it was actually R3 in the way.....which is even worse!!
mmmmmmmmm
last 20 to ATR1 looks like a hard push................but the stochs will tell all

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,902
  • Aug 13, 2013 5:54am Aug 13, 2013 5:54am
Quoting jjre65
{quote} mmmmmmmmm last 20 to ATR1 looks like a hard push................but the stochs will tell all J
I already took the exit at +55....and was glad to be out of that trade. That one will have a red line under in my notebook to remind me to pay attention!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,903
  • Aug 13, 2013 6:07am Aug 13, 2013 6:07am
Quoting realjumper
{quote} I already took the exit at +55....and was glad to be out of that trade. That one will have a red line under in my notebook to remind me to pay attention!!
Sorry to bang on but Im concerned my chart is wrong

Trade entry at R1
R2 just above
R3 above R2
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,904
  • Aug 13, 2013 6:14am Aug 13, 2013 6:14am
Quoting jjre65
{quote} Sorry to bang on but Im concerned my chart is wrong Trade entry at R1 R2 just above R3 above R2
Have a check of your pivots:

GJ ATR = 168 Today = 191

R3 = 151.247
R2 = 150.583
R1 = 150.179
DP = 140.515
S1 = 149.111
S2 = 148.447
S3 = 148.043
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,905
  • Aug 13, 2013 6:18am Aug 13, 2013 6:18am
Quoting realjumper
{quote} Have a check of your pivots: GJ ATR = 168 Today = 191 R3 = 151.247 R2 = 150.583 R1 = 150.179 DP = 140.515 S1 = 149.111 S2 = 148.447 S3 = 148.043
Ahhhhh..........nah
Somethings wrong here
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5 pivots.png Size: 39 KB
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,906
  • Aug 13, 2013 6:20am Aug 13, 2013 6:20am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} Have a check of your pivots: GJ ATR = 168 Today = 191 R3 = 151.247 R2 = 150.583 R1 = 150.179 DP = 140.515 S1 = 149.111 S2 = 148.447 S3 = 148.043
You're right there, the FXIpivots indicator is way out on GJ but on M5 price moved along R2 to show how wrong they are.

Tried to sneak some pips off EA while you were busy but got stopped out at BE.....next time.....
  • #16,907
  • Aug 13, 2013 6:23am Aug 13, 2013 6:23am
Actionforex pivot table concurs to within a pip or two with what I posted.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,908
  • Aug 13, 2013 6:26am Aug 13, 2013 6:26am
Quoting Jamz
{quote} You're right there, the FXIpivots indicator is way out on GJ but on M5 price moved along R2 to show how wrong they are. Tried to sneak some pips off EA while you were busy but got stopped out at BE.....next time.....
Hi Jamz
Do I change inputs or something?............or reload template

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,909
  • Aug 13, 2013 6:30am Aug 13, 2013 6:30am
Quoting jjre65
{quote} Hi Jamz Do I change inputs or something?............or reload template J
If your pivots on all charts don't match the actionforex table, to within a pip or 3, then your brokers server time is the problem. Who is your broker?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,910
  • Aug 13, 2013 6:31am Aug 13, 2013 6:31am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jjre65
{quote} Hi Jamz Do I change inputs or something?............or reload template J
Um no. I wait till next week and hope that Sunday isn't such a huge candle which is what stuff it all up -- or else you manually put in the pivots taking the price from Action Forex . This is ok if you only have a few charts.
I have taken on the belief that if everyone uses the wrong pivots we will all be ok.......

No, i just check them out on Action Forex to make sure they aren't too far out. GJ is tonight. EU wasn't too bad.
  • #16,911
  • Aug 13, 2013 6:32am Aug 13, 2013 6:32am
Quoting realjumper
{quote} If your pivots on all charts don't match the actionforex table, to within a pip or 3, then your brokers server time is the problem. Who is your broker?
FXCM Aus
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,912
  • Aug 13, 2013 6:35am Aug 13, 2013 6:35am
Quoting jjre65
{quote} FXCM Aus
I thought so.....that's the problem. Their server offset is wrong and they also have that stupid Sunday candle which puts things out of whack. I trade with them too, but I chart with FXPro demo because they have the correct offset.

I've mentioned this before but in our world we have a standard to adhere to...it's called GMT......but some brokers just won't tow the line....FXCM is one of them
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,913
  • Aug 13, 2013 6:38am Aug 13, 2013 6:38am
Quoting realjumper
{quote} I thought so.....that's the problem. Their server offset is wrong and they also have that stupid Sunday candle which puts things out of whack. I trade with them too, but I chart with FXPro demo because they have the correct offset. I've mentioned this before but in our world we have a standard to adhere to...it's called GMT......but some brokers just won't tow the line....FXCM is one of them
Thanks Guys

Back to your pip raking

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #16,914
  • Aug 13, 2013 6:38am Aug 13, 2013 6:38am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} I thought so.....that's the problem. Their server offset is wrong and they also have that stupid Sunday candle which puts things out of whack. I trade with them too, but I chart with FXPro demo because they have the correct offset. I've mentioned this before but in our world we have a standard to adhere to...it's called GMT......but some brokers just won't tow the line....FXCM is one of them

yes, my demo is FXCM too. Quite often RJ is talking R3 and i think he must be on the Tequila looking at the wrong currency or something.
  • #16,915
  • Aug 13, 2013 10:09am Aug 13, 2013 10:09am
Quoting realjumper
Yup...just finished dinner and done the dishes....coffee in hand....lets go!!
Hi RJ

Wondering if you have any secrets as to how to pick time out to do chores. Is there something you look at on a chart or in indicators that can say "nothing is likely to happen for a good half hour or hour (or two)" ...

Or does the coffee just help you zone in?
  • #16,916
  • Aug 13, 2013 4:35pm Aug 13, 2013 4:35pm
Quoting RainyDay1
{quote} Hi RJ Wondering if you have any secrets as to how to pick time out to do chores. Is there something you look at on a chart or in indicators that can say "nothing is likely to happen for a good half hour or hour (or two)" ... Or does the coffee just help you zone in?
RD1
If your profile is correct you are in the same timezone as me, well quite close anyway. I look at the first 1.5hrs of Tokyo session and if there is nothing happening go and complete all chores before LO. That gives me heaps of time to get everything done. The same with London session if nothing is setting up as per trade rules then you have time to do other things even at night. After reading RJ's posts he is very picky with trades and I have become that way as well, so if it is not "picture perfect" for me I don't trade. No one is forcing me to trade and I am going to be quite happy I've got a HPT before placing my hard earned money on the table.

Ive found screen watching for hours on end makes me stale. Look for the ebbs and flows of the market, get in sync, and you'll end up having heaps of time to do chores.

PM1
  • #16,917
  • Aug 13, 2013 5:57pm Aug 13, 2013 5:57pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Wow, NZ retail figures up......my credit card must have been a help.......

True PM1, now I look for the 1 next trade and nothing else. Setups we know so it is a matter of waiting for that to appear. There is no need to trade aggressively---- now trading is much more pleasurable -- I wont say calm as before moving to BE is the danger time but certainly cuts errors and makes the win/loss ratio in my favour. If stoplosses are reasonable and TP is usually bigger than SL, natures course is profitable.

Edit: umm, sorry but doing chores is off topic.....
  • #16,918
  • Aug 13, 2013 6:16pm Aug 13, 2013 6:16pm
Quoting Jamz
Wow, NZ retail figures up......my credit card must have been a help....... True PM1, now I look for the 1 next trade and nothing else. Setups we know so it is a matter of waiting for that to appear. There is no need to trade aggressively---- now trading is much more pleasurable -- I wont say calm as before moving to BE is the danger time but certainly cuts errors and makes the win/loss ratio in my favour. If stoplosses are reasonable and TP is usually bigger than SL, natures course is profitable. Edit: umm, sorry but doing chores is off...
Chores........well that's what "James" does I've been told. These soft hands of mine are for keyboard and mouse clickin' only.

PM1
  • #16,919
  • Aug 13, 2013 6:35pm Aug 13, 2013 6:35pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting PipMonster1
{quote} Chores........well that's what "James" does I've been told. These soft hands of mine are for keyboard and mouse clickin' only. PM1

I just like to be busy!!!
  • #16,920
  • Aug 13, 2013 7:33pm Aug 13, 2013 7:33pm
Quoting RainyDay1
{quote} Hi RJ Wondering if you have any secrets as to how to pick time out to do chores. Is there something you look at on a chart or in indicators that can say "nothing is likely to happen for a good half hour or hour (or two)" ... Or does the coffee just help you zone in?
Just have to look at when moves are likely, and when they are not. With the Tokyo market, mostly the moves will be in the first 3 or 4 hours.....same for the London market. NY depends (to some extent) on news and when Wall St opens. Times outside of these periods is when moves are probably unlikely to happen, so that's when I do my chores. Sometimes I have to do what I have to do no matter what the time is.....like yesterday.....I missed all the Tokyo session because I went to town and took my Mum to lunch. The market will always be there, Mum will not be.....so if I fit in my chores around the market, I will do that. But if not, well, too bad.....I'll catch the market later
Doing what you like is Freedom. Liking what you do is Happiness.
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