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Genesis Matrix Trading

  • #17,901
  • Sep 18, 2013 6:56am Sep 18, 2013 6:56am
Like all major news events, wait on the sidelines, until (hopefully) you get a small pullback, to enable you to get in.

If you feel the price action, just too unpredictable, stand by and watch and learn.

For the less experienced traders, I would recommend watching, or you can reduce your trade size, and place a trade if you get a Genesis signal.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,902
  • Sep 18, 2013 7:19am Sep 18, 2013 7:19am
http://www.telegraph.co.uk/finance/e...l-markets.html
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,903
  • Sep 18, 2013 7:40am Sep 18, 2013 7:40am
How to trade FOMC?
Although I trade exclusively M5, during such events I turn to M15 (for the first valid signal).
Thus I can avoid fakeouts, since after 15 minutes the trend -if any- should have been established.
For sure you will enter late but after events of such impact the trend might last for hours.
If on the other hand the possible entrance point is already out of the daily ATR of the particular pair,
maybe one should consider skipping the trade.



PS
By the way,
excellent article there Marty. Thanks!
Enter Signature
  • #17,904
  • Sep 18, 2013 1:01pm Sep 18, 2013 1:01pm
No taper !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,905
  • Sep 18, 2013 1:06pm Sep 18, 2013 1:06pm
Quoting Martyfish
No taper !!
Not surprised really......it's too ambitious for the Fed to go down that road until the 'recovery' is stronger and more certain.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,906
  • Sep 18, 2013 1:09pm Sep 18, 2013 1:09pm
But it goes completely against what the market was expecting.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,907
  • Sep 18, 2013 1:10pm Sep 18, 2013 1:10pm
The 'guts' of the matter is here and the Full statement of the FOMC is here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,908
  • Sep 18, 2013 1:11pm Sep 18, 2013 1:11pm
Quoting Martyfish
But it goes completely against what the market was expecting.
Charles Dickens wrote a book about 'Great Expectations'......lol
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,909
  • Sep 18, 2013 1:13pm Sep 18, 2013 1:13pm
Did someone trade this news?
You control how you trade; the market controls how and when you'll get paid
  • #17,910
  • Sep 18, 2013 1:13pm Sep 18, 2013 1:13pm
Quoting wiz3003
Did someone trade this news?
No entry for me yet
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,911
  • Sep 18, 2013 1:13pm Sep 18, 2013 1:13pm
nope
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,912
  • Sep 18, 2013 1:14pm Sep 18, 2013 1:14pm
wise people here.
You control how you trade; the market controls how and when you'll get paid
  • #17,913
  • Sep 18, 2013 1:15pm Sep 18, 2013 1:15pm
I'll be looking to sell the Kiwi sometime after the press conference......the Kiwi in the 83c range is not going to go down well with Mr Wheeler!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,914
  • Sep 18, 2013 1:16pm Sep 18, 2013 1:16pm
Quoting realjumper
I'll be looking to sell the Kiwi sometime after the press conference......the Kiwi in the 83c range is not going to go down well with Mr Wheeler!
For the time being it is taking off to the moon
You control how you trade; the market controls how and when you'll get paid
  • #17,915
  • Sep 18, 2013 1:18pm Sep 18, 2013 1:18pm
Fed blabbing already
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,916
  • Sep 18, 2013 1:19pm Sep 18, 2013 1:19pm
EJ is making a new pattern ... we can call it YO-YO :-)
You control how you trade; the market controls how and when you'll get paid
  • #17,917
  • Sep 18, 2013 1:20pm Sep 18, 2013 1:20pm
Bernanke speech in 10 minutes
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,918
  • Sep 18, 2013 1:21pm Sep 18, 2013 1:21pm
Quoting wiz3003
{quote} For the time being it is taking off to the moon
That's where Mr Wheeler lives
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,919
  • Sep 18, 2013 1:21pm Sep 18, 2013 1:21pm
Quoting wiz3003
EJ is making a new pattern ... we can call it YO-YO :-)

yo-yo doesn't do it justice - incredible
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,920
  • Sep 18, 2013 1:21pm Sep 18, 2013 1:21pm
Quoting Martyfish
Bernanke speech in 10 minutes
This must be his last major event surely?
Doing what you like is Freedom. Liking what you do is Happiness.
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