Trades based on Market Geometry and Price Action

hi Fendi, i cancelled that entry order because the low of the candlestick was taken off. now that it is showing a strong candlestick with resistant low, i know odds are in my favor...

a very big thumbs up for you. you provided detailed analysis for your decisions which gave a clearer idea for new traders like myself to conclude with such decisions. thanks ! i entered into all the markets you posted other than gbp/usd. need more monitoring.

you need to enter gbp/usd. it is the best trade set up. or if you want, you can wait for the 5 am candlestick close which will probably give a more strong and clearer signal

i'm up +25 pips in eur/yen ; up +15 pips in eur/usd; up +12 pips in gbp/yen.
i like entering my trade at the very beginning of the trend...

grats for your winnings. as well as mine. i entered a little later. where the prices were a little lower with clearer strength of trend. did not use the limit buy options in this case since im sitting in front of my screen almost every min. i entered gbp/usd at 6368

btw im curious with your trades. Apparently you goes for +- 80-100 pips trades which could take days for it to happen. so on average how many days it takes before you close your trades for either sl or tp?

that's good too. look at the usd/cad, it tells you how weak the dollar is. i took the trade since yesterday, was down -28 pips. things are turning back, now i'm down only -6pips...
by the london session, i will be up many pips in this trade...

I entered usd/cad and tp at about +20 pips before it back up. i have however short back at a higher price with +15 pips now. Looking for more actions as well.

Hey Dailyking,

Great job! I really appreciate what you are doing. It gives me more reasons and more things to think about before I enter my trade.

Keep up the good work!

i think, what's a little holding it is the support/resistance in the area of 0.9790. but today, it will be broken, since prices are all turning back, following previous direction....

btw, are you still holding on to the short of usd/jpy? it was so low that i did not consider entering.

yes, i'm still holding this short entry. since the market has not given any contrarian signal. but if nothing happens, i could remove it

hey bro. As much as you av a go at G/U, i wld exercise some patience at 1.66400-08,wy, i see a serious suport holding at that level. If it doesnt break, i wld go short from there. Peace

no pbm, just trade your strategy. strategy trading is the only way to survive in this game...

nice ! im seeing 4 gains out of 5. gbpusd always seems to be going against me. lols.

keep the trade. there is no better set up like the one of gbp/usd...just keep it and you will see at the close of this 4hr candle....
sweet things are coming...

I like your convintion, thats shows you are matured in fx, back to my analysis, you really like this set up in G/U, i do but i feel like i might be seeing the real move tomorrow..... So let me view it your way... analyze it let me see!!! g/u?

in the falling trend that started on may 31st, the last swing failed to reach the parallel line, which is a sign of weakness. And then, the candle that break later the trend-line is a wide range bar, showing a strong number of buyers.
in this case, i usually wait for the retracement to enter the trade. but sometime, you can miss the move, that's why i enter form time to time on daily, and later when retracement occurs on 4hr.

i did it yesterday, and then the 4hr chart gave its signal today at 1 am.
so yesterday, i was down -128 pips on that trade, but i did not bother myself. because it was just a retracement.
now, i'm only down -45 pips on the first trade...plus +37 pips on the trade we took today...by Wednesday, i will have made a lot of money..

you need to train a lot to get such confidence in your set up. but it's sure, you can achieve it...cheers

look at the usd/cad trade. we took it yesterday; we were down -28 pips. now we are up +15 pips. isn't that amazing ?

if you have a good strategy, and a strong inner strength to follow it, you will achieve such a huge success in this game...

not anymore with that 30 pips bar. Do you use Financial analysis in any part of ur trades?