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Genesis Matrix Trading

  • #18,281
  • Oct 4, 2013 2:12am Oct 4, 2013 2:12am
Quoting Cold_W
Morning/evening everyone, RJ, could you take a look at the trade I just closed (+24) and let me know what you think. I'm not sure if it was a good choice. Thank you in advance. {image}
It's not a trade I would have entered personally. The market was pretty choppy and your entry seems to have been right on top of Frankie, no? Also, I'm not sure that the divergence actually means anything because the stoch is a different TF to the chart....although I might be wrong on that.

But you got your pips, so that's good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,282
  • Oct 4, 2013 2:28am Oct 4, 2013 2:28am
FWIW everyone - the AU is >80 on all TF's.................haven't checked NU but probably similar.....................might be interesting times for these. (Doesn't mean it's selling off - just a heads up)

PM1
  • #18,283
  • Oct 4, 2013 2:31am Oct 4, 2013 2:31am
Quoting realjumper
{quote} It's not a trade I would have entered personally. The market was pretty choppy and your entry seems to have been right on top of Frankie, no? Also, I'm not sure that the divergence actually means anything because the stoch is a different TF to the chart....although I might be wrong on that. But you got your pips, so that's good
Thank you for your reply. My entry was 30 min before Frankie open. PA could not break DP and when entering the trade I expected it to test yesterday's low and it actually did and I closed the trade. Not sure regarding that divergence either, maybe other traders could help with that.
  • #18,284
  • Oct 4, 2013 2:36am Oct 4, 2013 2:36am
Quoting Cold_W
{quote} Thank you for your reply. My entry was 30 min before Frankie open. PA could not break DP and when entering the trade I expected it to test yesterday's low and it actually did and I closed the trade. Not sure regarding that divergence either, maybe other traders could help with that.
Ahh ok...I don't have an EJ chart open at the moment so I was guessing at Frankie hour....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,285
  • Oct 4, 2013 2:38am Oct 4, 2013 2:38am
Quoting PipMonster1
FWIW everyone - the AU is >80 on all TF's.................haven't checked NU but probably similar.....................might be interesting times for these. (Doesn't mean it's selling off - just a heads up) PM1
Thanks PM1......markets are so unpredictable at present....it's hard to imagine USD gaining on any other currency right now, but the markets can be stranger than cricket sometimes, so we'll just have to trade it as we see it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,286
  • Oct 4, 2013 3:10am Oct 4, 2013 3:10am
BE+1 GJ short
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,287
  • Oct 4, 2013 3:32am Oct 4, 2013 3:32am
Quoting jjre65
BE+1 GJ short
Looks like good signal was in the same time I took short trade on EJ - 30 min before Frankie.
  • #18,288
  • Edited 3:48am Oct 4, 2013 3:38am | Edited 3:48am
GBPUSD
Entered @ London open short. S2 is in the way now...

Well trade what you see and go with the flow (maybe those 1.000 pips down start ...)
There`s no life before COFFEE!
  • #18,289
  • Oct 4, 2013 3:44am Oct 4, 2013 3:44am
Quoting jalkok
GBPUSD Entered @ London open short. S2 is in the way now... Well trade what you see and go with the flow (maybe those 1.000 pips down start ...)
Could be....the GU daily and weekly look good for the start of the bear run, but it may just be a fake out, so as you say, trade it as you see it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,290
  • Oct 4, 2013 4:04am Oct 4, 2013 4:04am
I have a question concerning genesis signals after the news. How long do you wait before you start considering them for the entry? I usually wait for 15-20 minutes, but then Sl is usually too big. I have always problem with that.
I would really appreciate your opinion on this.
  • #18,291
  • Oct 4, 2013 4:25am Oct 4, 2013 4:25am
Quoting nikz
I have a question concerning genesis signals after the news. How long do you wait before you start considering them for the entry? I usually wait for 15-20 minutes, but then Sl is usually too big. I have always problem with that. I would really appreciate your opinion on this.
Depends on the:

- importance of the news
- was it normal release news, or unexpected news
- how close or far away from expectations the news was
- other intraday trends, ie is H4 & H1 trends alligned or opposite.
- how far the immediate candles after the news stretched from MAs
- etc, etc

News trading is probably the most difficult, therefore there cannot be any prescribed time.

caveat emptor !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,292
  • Oct 4, 2013 4:45am Oct 4, 2013 4:45am
Quoting jalkok
GBPUSD Entered @ London open short. S2 is in the way now... Well trade what you see and go with the flow (maybe those 1.000 pips down start ...)
S2 is token, now just about 945 pips to go...
There`s no life before COFFEE!
  • #18,293
  • Oct 4, 2013 4:54am Oct 4, 2013 4:54am
Quoting Martyfish
{quote} Depends on the: - importance of the news - was it normal release news, or unexpected news - how close or far away from expectations the news was - other intraday trends, ie is H4 & H1 trends alligned or opposite. - how far the immediate candles after the news stretched from MAs - etc, etc News trading is probably the most difficult, therefore there cannot be any prescribed time. caveat emptor !!

Yep...I couldn't agree more
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,294
  • Oct 4, 2013 4:54am Oct 4, 2013 4:54am
Quoting jalkok
{quote} S2 is token, now just about 945 pips to go...

LOL.....don't expect it all to come tonight!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,295
  • Oct 4, 2013 4:55am Oct 4, 2013 4:55am
Quoting Martyfish
{quote} Depends on the: - importance of the news - was it normal release news, or unexpected news - how close or far away from expectations the news was - other intraday trends, ie is H4 & H1 trends alligned or opposite. - how far the immediate candles after the news stretched from MAs - etc, etc News trading is probably the most difficult, therefore there cannot be any prescribed time. caveat emptor !!
Thanks Marty, I know it's not the exact science but it helps to see opinion of more experienced traders.
  • #18,296
  • Oct 4, 2013 5:18am Oct 4, 2013 5:18am
Quoting nikz
{quote} Thanks Marty, I know it's not the exact science but it helps to see opinion of more experienced traders.
np,

That is why it is important to do your research on what news is coming, expectations, importance, and have a reliable live news service.

If you enjoy understanding all the economics, and what all other financial markets are doing, makes trading easier.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,297
  • Oct 4, 2013 5:18am Oct 4, 2013 5:18am
Nice bread and butter trade on EA earlier ...

Entry reasons :

  1. Good m15 stoch
  2. Second bounce off around 1.44487 (green line), indicating some kind of resistance there
  3. Trend for the day is down, so with trend
  4. Approx 20 pips to s2

Exited when it hit s2, so 20 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD,M5 (2).png Size: 51 KB
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #18,298
  • Oct 4, 2013 5:41am Oct 4, 2013 5:41am
Quoting realjumper
{quote} LOL.....don't expect it all to come tonight!!!
no, I won`t be greedy.... S3 coming up... I will be patient... only 920 pips to go down...
There`s no life before COFFEE!
  • #18,299
  • Oct 4, 2013 5:58am Oct 4, 2013 5:58am
Quoting jalkok
{quote} no, I won`t be greedy.... S3 coming up... I will be patient... only 920 pips to go down...
wenn GU takes that S3 down, I`ll have more than 100 pips on this only one trade...

and if not, it will be about 80 pips and that okay for me for my first and last trade for today.
nice weekend to all !
There`s no life before COFFEE!
  • #18,300
  • Oct 4, 2013 6:01am Oct 4, 2013 6:01am
Quoting antantnz
Nice bread and butter trade on EA earlier ... Entry reasons : Good m15 stoch Second bounce off around 1.44487 (green line), indicating some kind of resistance there Trend for the day is down, so with trend Approx 20 pips to s2Exited when it hit s2, so 20 pips. {image}

Nice
Doing what you like is Freedom. Liking what you do is Happiness.
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