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Genesis Matrix Trading

  • #17,161
  • Aug 21, 2013 1:29am Aug 21, 2013 1:29am
Quoting realjumper
{quote} Yes I did. I have been sitting on it for ages while I prepared, cooked and ate dinner......and it looks like it's going to net me 1 pip!!
OK, I see. Moving to BE is a good rule for CT trades. And that is another reason why I look for a better broker service as with my current broker it's often simply impossible to put BE. Sometimes I can only do that if price moves 12-20 pips in my direction.
  • #17,162
  • Aug 21, 2013 1:32am Aug 21, 2013 1:32am
Quoting Trekker
{quote} Like RJ, I'd also recommend Pepperstone. I've been with them for over a year now and can't find any fault with them, spreads very low, fast execution and no dealing desk. Their server time is based on NY 5pm close, which means all your pivots and daily high/lows are correct. I also get the rebate through Aslan, I think details about this can be found on Pepperstones website. Prior to Pepperstone I was with Oanda. I found their MT4 use to lag a lot when placing orders, spreads use to increase dramatically during news, even non-high impact...
BTW, how wide can spreads go on major pairs during news with Pepperstone?
  • #17,163
  • Aug 21, 2013 1:57am Aug 21, 2013 1:57am
Quoting Cold_W
{quote} OK, I see. Moving to BE is a good rule for CT trades. And that is another reason why I look for a better broker service as with my current broker it's often simply impossible to put BE. Sometimes I can only do that if price moves 12-20 pips in my direction.
With Pepperstone you can drag and drop your SL and TP on the chart which is a very cool feature. FXCM can do this too...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,164
  • Aug 21, 2013 2:24am Aug 21, 2013 2:24am
Is Pepperstone good? FXCm had issues in the past, kinda iffy about them. Did a quick google search and reviews for these two are not great either. Oanda (my current broker) isnt that great too (from reviews). I like them, only had issue during news time, spreads are crazy. I want to go with ECN broker when i have enough money.

Here is 3rd trade today, adheres to the Genesis system:

EJ short: 130.82.

Current +28 pips, SL @ BE +1.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 2nd trade.png Size: 141 KB
  • #17,165
  • Aug 21, 2013 2:25am Aug 21, 2013 2:25am
Quoting realjumper
{quote} Yes I did. I have been sitting on it for ages while I prepared, cooked and ate dinner......and it looks like it's going to net me 1 pip!!
Well I got the single pip!

Now I have this EJ trade....looking for todays low to start with. The trade is already safe, so we shall see......
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 215 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,166
  • Aug 21, 2013 2:34am Aug 21, 2013 2:34am
Quoting Cold_W
{quote} BTW, how wide can spreads go on major pairs during news with Pepperstone?
Can't give you an exact figure, sometimes hardly seems to change, sometimes just a few pips. Maybe a little bit more during August due to the low liquidity? But I'm pretty sure that when their spreads do widen during the news, it's purely due to the price available in the market and not due to any broker increase of the bid/offer spread.
  • #17,167
  • Aug 21, 2013 2:41am Aug 21, 2013 2:41am
Quoting Trekker
{quote} Can't give you an exact figure, sometimes hardly seems to change, sometimes just a few pips. Maybe a little bit more during August due to the low liquidity? But I'm pretty sure that when their spreads do widen during the news, it's purely due to the price available in the market and not due to any broker increase of the bid/offer spread.
That's right.....another thing to look out for, and this is the same for many brokers and often gets overlooked, is that at market close each day (NY close that it) the spreads will widen considerably and if you have an open trade with a tight SL, you may get stopped out, even though the price never actually went that way, or that far. It's to do with the brokers resetting their servers and (I assume) the banks where the brokers get their feeds from have to reset their servers too. Anyway, it does happen and that is another reason why I don't like leaving trades running overnight unless they are in a healthy profit. I think that with Pepperstone, as well as the above, you cannot trade for 5 minutes during this 'server reset' period.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,168
  • Aug 21, 2013 2:42am Aug 21, 2013 2:42am
Quoting realjumper
{quote} Well I got the single pip! Now I have this EJ trade....looking for todays low to start with. The trade is already safe, so we shall see...... {image}
Entered short on EA 5 min before LO and got stopped out @BE+1. Was late for EJ, so will wait for a new setup.
  • #17,169
  • Aug 21, 2013 2:46am Aug 21, 2013 2:46am
Quoting realjumper
{quote} That's right.....another thing to look out for, and this is the same for many brokers and often gets overlooked, is that at market close each day (NY close that it) the spreads will widen considerably and if you have an open trade with a tight SL, you may get stopped out, even though the price never actually went that way, or that far. It's to do with the brokers resetting their servers and (I assume) the banks where the brokers get their feeds from have to reset their servers too. Anyway, it does happen and that is another reason why I...
I believe it's called FX rollover.
  • #17,170
  • Aug 21, 2013 2:47am Aug 21, 2013 2:47am
Quoting Cold_W
{quote} Entered short on EA 5 min before LO and got stopped out @BE+1. Was late for EJ, so will wait for a new setup.
I closed the EJ for +18. The markets are very erratic today....maybe due to the FOMC Meeting Minutes in about 11 hours. I'm not sure about that, but I think caution is needed. I won't be entering anything else unless I see something a little less jumpy. Difficult to trade in these conditions so I think the money is better off in my pocket where it's safe!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,171
  • Aug 21, 2013 2:48am Aug 21, 2013 2:48am
Quoting Cold_W
{quote} I believe it's called FX rollover.
Yup...that's the one.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,172
  • Aug 21, 2013 3:06am Aug 21, 2013 3:06am
Quoting realjumper
I closed the EJ for +18.
That spike down would have hit my target, but there's no way that could have been expected. I have no idea what caused it, but I'm pretty happy to be out of the market if those sorts of spikes are going to happen today.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,173
  • Aug 21, 2013 3:12am Aug 21, 2013 3:12am
Quoting realjumper
{quote} I closed the EJ for +18. The markets are very erratic today....maybe due to the FOMC Meeting Minutes in about 11 hours. I'm not sure about that, but I think caution is needed. I won't be entering anything else unless I see something a little less jumpy. Difficult to trade in these conditions so I think the money is better off in my pocket where it's safe!

+24 for me.. Was loading my platform to closed out, took forever and cost me some good pips... Java! Very erratic London session today. Minus the 20 pips i could have made due to java crapping on me, good day, my 100 pips for this week has been accomplished, time to watch EJ go bonkers for some reason.
  • #17,174
  • Aug 21, 2013 3:15am Aug 21, 2013 3:15am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} That spike down would have hit my target, but there's no way that could have been expected. I have no idea what caused it, but I'm pretty happy to be out of the market if those sorts of spikes are going to happen today.

Regretfully I got spiked in the rotunda with UJ and don't want to know what the hell happened either.....locked mouse up for the night.....maybe they trying to get their $100 million back those Goldman jokers. That was a real spear!!!
  • #17,175
  • Aug 21, 2013 3:17am Aug 21, 2013 3:17am
Quoting hunter101
{quote} +24 for me.. Was loading my platform to closed out, took forever and cost me some good pips... Java! Very erratic London session today. Minus the 20 pips i could have made due to java crapping on me, good day, my 100 pips for this week has been accomplished, time to watch EJ go bonkers for some reason.
Well done Hunter....you made your target with time to spare

There's quite a lot of news coming in the NY session, and the FOMC minutes as well....but that is at 6am for me so I won't be around for that. I'll wait for NY though, something nice might happen along.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,176
  • Aug 21, 2013 3:30am Aug 21, 2013 3:30am
entered long on EA

feedback welcome on trade
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm5 long 5.35pm 21.8.13.png Size: 127 KB
  • #17,177
  • Aug 21, 2013 3:31am Aug 21, 2013 3:31am
Quoting realjumper
{quote} I can't say about Oanda because I've never traded with them. I have been with FXCM Australia for a few years, but their server offset is wrong and they have the Sunday candle so the charts are useless for our purposes. To that end I have been charting only with FXPro, who's server set up is correct. However, I have opened an account recently with Pepperstone due to their good name and low spreads, and their server offset is correct also. So for me, Pepperstone is the winner due to it's low spreads and no dealing desk and correct server settings....
Hey realjumper, thank you for looking at the trade from CW.
I am also with Pepperstone, real account, and I don't like them as much as you do I guess.
Fwiw, here is my chart with their data and I get the M5 arrow, so it's a bit weird to have different data with the same broker ..
And my settings are set by default.
Maybe we should ask Sherlock "Sheep" Holmes to investigate ?
Attached Image (click to enlarge)
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  • #17,178
  • Aug 21, 2013 3:38am Aug 21, 2013 3:38am
Quoting Marviin
{quote} Hey realjumper, thank you for looking at the trade from CW. I am also with Pepperstone, real account, and I don't like them as much as you do I guess. Fwiw, here is my chart with their data and I get the M5 arrow, so it's a bit weird to have different data with the same broker .. And my settings are set by default. Maybe we should ask Sherlock "Sheep" Holmes to investigate ? {image}
Hmm...that certainly is interesting. Do you have a Razor account or a Std account? My account is Razor and I would think that STD accounts are on a different server...although I'm not sure why that would affect anything

Perhaps Xaphod can shed some light onto the subject......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,179
  • Aug 21, 2013 3:40am Aug 21, 2013 3:40am
Quoting hungry pips
entered long on EA feedback welcome on trade {image}
The entry looked ok to me.....pity the market didn't follow through. Strange day......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,180
  • Aug 21, 2013 3:46am Aug 21, 2013 3:46am
Quoting realjumper
{quote} Hmm...that certainly is interesting. Do you have a Razor account or a Std account? My account is Razor and I would think that STD accounts are on a different server...although I'm not sure why that would affect anything Perhaps Xaphod can shed some light onto the subject......
I am on a standard one.
Due to the momentum in the trade, maybe it had to do with a few milliseconds to lock on the arrow on the candle, thus appearing or not on different screens..
We can spend the day guessing
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