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Genesis Matrix Trading

  • #20,121
  • Dec 9, 2013 7:46pm Dec 9, 2013 7:46pm
Quoting Sjr
Hi RJ and Genesis family... !! I just wanted to say a quick hello to everyone here and say thanks for all the hard work on this system....esp RJ, and allowing me to participate. I'm always learning and willing to share my experiences both good and not so good....selfishly for my benefit, and maybe some others who are lurking...hope everyone is having some success today.... Glad to be here.. Cheers SR
Good to have you back on board......as the year winds down, so the markets might get more erratic, but a new start next year is not so far away
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,122
  • Dec 9, 2013 8:21pm Dec 9, 2013 8:21pm
Just an update on the Gbp/Jpy on the HTF's.

I have 3 positions still open at BE or better. First two have been closed to 1/4 position each.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyih4.png Size: 60 KB
  • #20,123
  • Dec 9, 2013 8:41pm Dec 9, 2013 8:41pm
Quoting realjumper
{quote} If you take a look at an M5 or M15 chart you will see that going short is selling into a very strong up trend. Should you do it? Only you can answer that....you cannot base your trade on what others are doing...they are trading their own accounts within the rules they have set for *themselves*...you must do the same. Instead of asking others "will you guys enter?".....ask this of yourself.
Not only the trend, but if you look at GU its tracking the same as GJ, and if GU was going to tank it would have the double team of the DP and the BRN to deal with. Not impossible, but not HPTrading. The signal on M5 wasnt tradable either in my view.

Its important to watch a major correlation pair for the pair you are trading, as one usually affects the other.
This is another strong case to trade only 2 or 3 pairs, because you have to keep a close eye on another pair for each cross.

In my M1 IFR testing last week I struggled at times to keep up during London, when there was action going on. Tokyo wasnt a problem.

Cheers J.

EDIT: I dont take trades 5mins before a session open either, you never know whos going to be first out of the blocks.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,124
  • Dec 9, 2013 8:56pm Dec 9, 2013 8:56pm
Quoting jjre65
{quote} EDIT: I dont take trades 5mins before a session open either, you never know whos going to be first out of the blocks.
Ya. Thank you jjre65. reversal now...bad trade.
  • #20,125
  • Dec 9, 2013 9:05pm Dec 9, 2013 9:05pm
Quoting Gold Miner
{quote} Ya. Thank you jjre65. reversal now...bad trade.
Just take your time and do things properly, be selective.

On M1 you dont have to be a market analyst, but you do have to be aware of the general picture.......and if youre going to take CTs, then the signal has to be text book.

That trade failed because you didnt follow the rules or signals...............thats all.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,126
  • Dec 9, 2013 9:18pm Dec 9, 2013 9:18pm
Quoting jjre65
{quote} Just take your time and do things properly, be selective. On M1 you dont have to be a market analyst, but you do have to be aware of the general picture.......and if youre going to take CTs, then the signal has to be text book. That trade failed because you didnt follow the rules or signals...............thats all. Cheers J.
Ok.Thanks. really sad...appreciated.
  • #20,127
  • Dec 9, 2013 11:39pm Dec 9, 2013 11:39pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting spyderman
Just an update on the Gbp/Jpy on the HTF's. I have 3 positions still open at BE or better. First two have been closed to 1/4 position each. {image}

Great pips, spyderman. I'm wondering what timeframe you entered these trades and how to decide to leave them going? I've read up on your treatment using H1 to H4 to D1 etc but I'm meaning in the lower times do you set a standard with MA's there too. I guess although I'm a fan of M1 I still have a longing to hit those long trends that only currency can do.......someone on here I forget wanted to have yearly candles....I'd need to be a bit younger for that!!! Just imagine, "Hey, what year is it? I'd better check my charts."
  • #20,128
  • Dec 10, 2013 1:58am Dec 10, 2013 1:58am
So French Industrial Production fell into the negatives....but 'everything in Europe is improving', right Draghi?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,129
  • Dec 10, 2013 2:07am Dec 10, 2013 2:07am
Quoting realjumper
So French Industrial Production fell into the negatives....but 'everything in Europe is improving', right Draghi?
They are playing with figures..all fake figures..
  • #20,130
  • Dec 10, 2013 2:10am Dec 10, 2013 2:10am
Quoting realjumper
So French Industrial Production fell into the negatives....but 'everything in Europe is improving', right Draghi?
Everything's going well here, believe me...................
  • #20,131
  • Dec 10, 2013 2:15am Dec 10, 2013 2:15am
So EJ (re) signaled and GJ signaled 5 mins before LO ... generally met my criteria but thought to myself "it's 5 mins before LO, too risky"

And of course, they take off down, as if LO wasn't even there. Doh!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,132
  • Dec 10, 2013 2:18am Dec 10, 2013 2:18am
GM - interesting high volumed spikes around 2am GMT - $ to new lows and € / Gbp to new highs - I will watch any retest of those areas during todays European Session with interest

Meanwhile I started my day clearing 20 pips as €J took an early drop....
Attached Image (click to enlarge)
Click to Enlarge Name: dec10 ej 1m5m 0809 gmt.png Size: 149 KB
Trading Levels with WRBs
  • #20,133
  • Dec 10, 2013 2:20am Dec 10, 2013 2:20am
Quoting jimi
{quote} Everything's going well here, believe me...................
As long as the Ducati factory is busy....all will be fine!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,134
  • Dec 10, 2013 2:21am Dec 10, 2013 2:21am
Quoting antantnz
So EJ (re) signaled and GJ signaled 5 mins before LO ... generally met my criteria but thought to myself "it's 5 mins before LO, too risky" And of course, they take off down, as if LO wasn't even there. Doh!
Yep...sometimes you have the bend the rules a bit....the SL was pretty cheap so it was worth a shot. Never mind though...plenty more chances will come
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,135
  • Dec 10, 2013 2:22am Dec 10, 2013 2:22am
Quoting antantnz
So EJ (re) signaled and GJ signaled 5 mins before LO ... generally met my criteria but thought to myself "it's 5 mins before LO, too risky" And of course, they take off down, as if LO wasn't even there. Doh!
LOL - blame it on UsdJpy which started falling 10 minutes before LO - I guess some the FarEastern traders were closing out....
Trading Levels with WRBs
  • #20,136
  • Dec 10, 2013 2:24am Dec 10, 2013 2:24am
Quoting realjumper
{quote} As long as the Ducati factory is busy....all will be fine!!!
driving I pass in front of the factory many times a week.......................... need anything?
  • #20,137
  • Dec 10, 2013 2:25am Dec 10, 2013 2:25am
Quoting realjumper
So French Industrial Production fell into the negatives....but 'everything in Europe is improving', right Draghi?
As long as bank lending to companies is falling, it will be very difficult to turn any positive economic numbers, on a consistent basis, particularly with an over-valued exchange rate.

Your exports are expensive, consumers are retrenching, and companies cant expand (no credit).

So where does growth come from - not rocket science
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,138
  • Dec 10, 2013 2:31am Dec 10, 2013 2:31am
Quoting jimi
{quote} driving I pass in front of the factory many times a week.......................... need anything?
You soooo lucky!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,139
  • Dec 10, 2013 2:33am Dec 10, 2013 2:33am
Quoting Martyfish
{quote} As long as bank lending to companies is falling, it will be very difficult to turn any positive economic numbers, on a consistent basis, particularly with an over-valued exchange rate. Your exports are expensive, consumers are retrenching, and companies cant expand (no credit). So where does growth come from - not rocket science
But...but...but....Draghi said........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,140
  • Dec 10, 2013 2:42am Dec 10, 2013 2:42am
Quoting realjumper
{quote} You soooo lucky!!!
next time I'll send you a pic :-)
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