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MKFXTrader replied May 20, 2013Thanks RJ. Will add to the library. IMO, this mechanical system does a great job of removing a lot of the emotions.
Genesis Matrix Trading
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MKFXTrader replied May 20, 2013Typical crazy Monday PA. Should've taken the day off like usual.
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MKFXTrader replied May 20, 2013Thanks for posting article. I think it's a bit of both fundies and manipulations as a few U.S States(Texas being the biggest) and countries(Germany being one) have demanded their Gold back from the FED. Just my op.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MKFXTrader replied May 20, 2013Japannese Finance Minister talking up the Yen earlier today saying that the Yen corrective weakness has pretty much been completed, and any more depreciation could effect the populace in a negative way. This is probably why Yen crosses have ...
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MKFXTrader replied May 20, 2013PA today is horrible and is one of the main reasons, I usually don't trade on Monday's. Oh well. We'll see how the day progresses. Mainland Europe is on Church holiday, so maybe NY will push the market.
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MKFXTrader replied May 20, 2013Yeah, USDX doesn't look good right now. Let's see.
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MKFXTrader replied May 20, 2013Good call. I try to ignore Sunday's PA. Friday's low is at 1.5157.
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MKFXTrader replied May 20, 2013Hopefully it plays out to the downside. Market is ranging. We'll see where the U.S market wants to go.
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MKFXTrader replied May 20, 2013Yes. On my trades I use a 25pip SL with a 1st target 50pip TP and a 2nd TP at 75pips and a third at 100pips. Of course unless the tide changes and u need to just get out and bank whatever pips you've earned or cut your losses b4 SL is hit.
Genesis Matrix Trading
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MKFXTrader replied May 20, 2013Me personally, I'm short at 1.5195 since the matrix it is in agreement with the overall higher TF trend that I use as a basis for triggering a trade. I don't counter trend trade much. Meaning, anything lower then the hourly/daily + IMO, is a counter ...
Genesis Matrix Trading
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MKFXTrader replied May 20, 2013A lot of OB/OS conditions on mulitple pairs heading into the new week. You may have to wait til it shakes out. I would be patient.
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MKFXTrader replied May 19, 2013
I tried to tell them, while you were enjoying your beauty sleep.Genesis Matrix Trading
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MKFXTrader replied May 19, 2013If you don't understand how MTF indicators work then IMO, you shouldn't be using them. These indicators do NOT repaint.
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MKFXTrader replied May 17, 2013Just look at my charts. You know what to do. Cheers
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MKFXTrader replied May 17, 2013Last trade of the week. Given that the market has been dead for a few hours since London close, was still able to squeeze another 20 pips out of the market. Running total today +200 pips. As you can see, the trade was WITH the higher TF trend. You ...
Genesis Matrix Trading
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MKFXTrader replied May 17, 2013Padila, I personally consider any signal that does not agree with the Hourly and up(H/D/W) a counter trend trade. Of course a counter trend trade in my book, is not considered a high probability trade. Thus, it can very well go against you very ...
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MKFXTrader replied May 17, 2013Bluejack, Usually it's 50 pips. I usually target at least a 2-1 reward to risk. Usually move SL to BE once trade get's up to about 50 pips in profit, and ride it out while using trailing SL. Got out too early with last trade, as it would've been ...
Genesis Matrix Trading
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MKFXTrader replied May 17, 2013C'mon bro. You need to at least read the first post. You need to read it so you know what it is, and what it is used for. Doesn't do you or anyone any good, if we just post the indie. It's all over the thread.
Genesis Matrix Trading
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MKFXTrader replied May 17, 2013Yo bro. All the indies you need is on page #1 of the thread.
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