Trades based on Market Geometry and Price Action

in this thread i will be posting my trades wether loser or winners . we could also share ideas . I'm a technical trader, and all my trades are based on market geometry and price action. The good news in this game is that you don't need all those great degrees or diplomas to make money in this market. less pression, simple strategies, and inner strengh lead to consistency. 95% of price action represent market direction....we need to be aware of that

now i'm watching a couple of pairs like aud.us, eur.yen, usd.cad ....and more. Once the set up is ok i will post it.

both Australian dollar and New zeland dollar are weakening giving us some good short opportunities. These are the 3 trades i'm going to take today...
aud/usd = short
Aud/ Jpy = short
Nzd/usd = short

here is the last chart aud.yen

short the nzd.us below 0.7180 with a stop loss of 80 pips and target 2 times your investment...keep the aussie trade and also the AUD.YEN one

Today the market turned against us. Even if everything was in our favour but that's the market. We should be aware of that...
Here are the 2 trades I'm going to take tonight the us dollar is weakening

buy eur.usd above 1.2770 with stop loss at 1.2638 .. target at 1.2970
buy eur yen above 107.20 with stop loss at 105.58 target at 109.20

the euro.usd trade and the euro yen were not triggered and turned to the remain indecisive wether to go long or short...
here are my trades for today, all short

short aud.yen below 76.86 target 75.00 stop loss 94 pips
short aud.usd below 0.9165 target 89.00 stop loss 125 pips
short nzd.us below 0.7194 target 0.7040 stop loss 106 pips

have a nice week-end

last week the eur.yen trade was not triggered as well as the one on eur.usd. the set up remain valid:

buy eur.yen above 107.50 S.L at 105.73 tP1 at 109.00 and you let the remaining run

buy eur.usd above 1.2756 SL at 1.2638 TP1 at 1.2850 and you let the other run till 1.2980

buy chf.jpy at 82.93 SL 81.78 TP1 at 84.00 and you let the other run till 85.00

short gbp.chf at 1.5600 SL 1.5740 TP 1 at 1.5500 and the other at 1.5300

when we analyse the chart and try to make a certain correlation. As long as we see the gbp weakening agains the swisst franc and the the euro we know this movement is reliable. it's not a perfect science, but it works in many cases. By the same time when the chf.jpy is getting stronger, we know the odds are in our favour.....

happy trades to all of you

buy eur.chf at 1.3187 SL 1.2862 TP 1.3190

i will also buy the cad.chf but i'm waiting for the signal at around 1 o'clock

once the set up is ok i will post it

the eur.chf entry was 1.2987 sorry for that

buy cad.chf at 0.9760 SL 0.9657 TP 1.0030

the pair is showing an upward bias.... Happy trading

Thankyou daily king for your nice calls. I am trading FX for one year. sorry if my english is not good.

it doesn't matter. the most important is to express your idea mine is not too good too

I want to learn more about price action. I see on your chart doted green line I dont know what is it? I long eur/chf do I have to wait till target?

yes, keep your eur.chf long till 1.3190 (that's my target)

here are the trades of tonight.

buy again CAD.CHF at 0.9792 SL 0.97100 TP 1.0030

short EUR>CAD at 1.3312 SL 1.3395 TP 1.2900

the canadian dollar is still showing strengh against major pairs. the usd.cad tried an upward movement today but could not and ended up with a pin bar

here is a very good website where you can learn more about price action. And there is also a lot of free videos that can help you in your trading

http://www.learntotradethemarket.com/

the green lines and whatsover lines you see on my charts are only support and resitance areas. I mean horizontal support and resistance, and i adjust them mostly every week or 2 to 3 days depending on market conditions

Thankyou for interducing learning link. I want to know short EUr/cad is canceling or not because Eur/cad is going up of T.L.

Hi KK the euro.cad entry i post yesterday is no more valid because price moved beyond the last pivot. Yet the short bias is still good. So tonight I will set an entry order to short eur.cad at 1.3370.. Stop Loss sholud be placed at 1.3470, with profit target at 1.3000.
If you took all the signals i posted from the beginning of the week till now, you should be at least up 3% in your accounthttp://cdn.forexfactory.com/images/icons/icon7.gif (by only risking 0.3% of your account per trade)... Which means that if you were to risk 0.5% per trade, it would be far more interesting

Happy trading

the 1.3370 entry remain valid. it is a conservative entry. but we can also enter short at 1.3397 for a more earlier yet valuable entry. in my case i will set my orders to both levels

good day to everybody

on friday, my aggressive entry on eur/cad turned into a loss when my conservative one was not executed. But that's the game. i 'm still bearish on eur/cad. And i will also short euro/usd and gbp/usd too.. here are me entries for tonight

EUR/USD : short at 1.3008 SL 1.3164 Target 1 at 1.2711 T2 1.2435

GBP/USD : short at 1.5585 SL 1.5734 T1 1.5390 T2 1.5030

EUR/CAD : short at 1.3407 SL 1.35100 T1 1.3160 T2 1.2961

I also included the result of my trades of last week. a positive week with 2% account growth by only risking 0.3% of my account per transaction.

Happy trading