But it goes completely against what the market was expecting.

Genesis Matrix Trading

No taper !!

Genesis Matrix Trading

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Genesis Matrix Trading

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 ...

Genesis Matrix Trading

Yes, RJ, it will be fascinating stuff in a few hours. May be massive volatility, or a damp sqib, or somewhere in between !! My bet is on the former

Genesis Matrix Trading

Cold, Its not about "being smart", its having a solid exit plan and sticking to it. I was lucky on this trade, I still exit early sometimes, but if it in accordance with my strategy, I cant grumble. An exit strategy is probably more important than a ...

Genesis Matrix Trading

jj, Price just seem to stall at mS2, and was happy with +50 pips (haven't had that kind of trade for awhile) I dont set targets, I let price tell me when to exit.

Genesis Matrix Trading

This is where M1 "CAN" obscure your view of the bigger picture. Unless you have multiple monitors, where you can see HTFs. Just closed EJ trade for 52 pips

Genesis Matrix Trading

As you all probably know, we have the eagerly awaited FOMC meeting at GMT 18:00 this evening. This has been the meeting that the US Fed is expected to announce that it MAY commence tapering of their QE. This is probably the biggest financial event ...

Genesis Matrix Trading

RJ, You know I value your opinion, and I thank you, for allowing me a little freedom to express mine. I think at the end of the day, the TF you trade is possibly more important than the strategy, something you feel personally comfortable with. ...

Genesis Matrix Trading

I dont doubt your ability to trade on any TF !! I love it, here is Marty, trying to convince RJ not to change anything re Genesis Good luck with your testing !!

Genesis Matrix Trading

RJ, I would never question your ability to design a comprehensive strategy. I find the biggest problem, is when waking each morning, what kind of market we will have "today". Scouring H4 & H1, for potential setups. I couldn't possibly imagine being ...

Genesis Matrix Trading

RJ, I have been reading this thread all along, and respect your logic for investigating the potential of a M1/M5 strategy. My profitability has been hit over the last 2 months, but my thoughts are that I am prepared to wait for a return to normal ...

Genesis Matrix Trading

Not sure I quite understand trading a different TF, because of a change in market conditions ? The Fed meeting on Thursday night, has been the main event looming over the financial markets all summer (will they/wont they TAPER ??). Add in US budget ...

Genesis Matrix Trading

Yup, its all about $ weakness. GU strong as well

Genesis Matrix Trading

Yup, and me. But the good news is.....it will break at some point, only a matter of time (and patience) !!

Genesis Matrix Trading

Hi Rainyday, Yup very quiet. BUT, the longer it remains in a tight range, the bigger the breakout !! We just sit and wait.

Genesis Matrix Trading

Wizz, np. 90 or 120, it shows the importance of jobs data on the forex markets, as I said because Bernanke has tied QE tapering to the unemployment rate. So for traders, a big caution, holding trades over US jobs data releases, or even trying to ...

Genesis Matrix Trading

Weird, I use FxPro & eSingal Both have the range 1.5562 - 1.5681 - 119 pips

Genesis Matrix Trading

The 13:30 M5 candle on GU is about 120 pips

Genesis Matrix Trading