Trades based on Market Geometry and Price Action

figured that aususd is by TA and FA bullish. but everytime i looked at this pair, it seems rather bearish. btw i have entered gbpusd @ 6380, sl @ 6355 and tp @ 6425. u think it is possible?

i think your stop on gbp/usd is too tight. a buffer of 10 pips would have been good. but you can also wait for the close of the 1:00pm candle

aud/usd is still up. if you want to take it, it's better to wait for 1pm or the daily close...but don't go bearish on aud/usd

went for a shower and i realised my trade for gbpusd didnt went through. and it dropped down to 6360. i can see temporary bullish in aususd. but what is the price you think aususd gonna hit before another wave of down?

before taking a bearish trade on aud/usd, i have to wait for tomorrow close to get a good view of the market. tomorrow will just be a continuation of today's trend...so no trend change probability before tomorrow's analysis

sure i will be waiting for your analysis ! re entered gbpusd this time round with CONFIRMED buy @ 6364 with sl 6340 and tp 6425. gonna turn in soon for work tomorrow. hope to hear from you soon !

NO PROBLEM

i just shorted uj from 8027, curious to know your take on it

i don't trust this pair movement in any direction..it was short at the beginning of the week ...but till now no serious movement

yeh uj has been in a tight range all week...here is what i was looking at...hope you dont mind if i post my chart, i like to share ideas...blue boxes are important areas to me

you can post charts. that's fine ... are u still in ur trade?

i am yeh...probably wont move much till london

i don't think they will be much move tomorrow. but let's wait and see... one never knows

i just moved my stop loss to break even on gold

i hope you moved your stop on gold trade. this market is highly volatile...

Here is a bit about how I trade. I base my trading around,

1. Adaptivity
2. Symmetry
3. Trend following
4. Pivot Point Breakouts
5. Candle Deviations

I don't watch the news or look at fundamentals. When it comes down to it it's all information and probability.

I'll risk no more then .5% on a trade and target 1%

My strengths are,

1. Creating a balanced plan (entry,stop,limit,risk)
2. Strict with money management rules
3. Model Structure

My weaknesses are,

1. Staying with my method during a long series of expenses
2. Overtrading
3. Identifying a trending or ranging market

I have some ideas for,

1. Fractals
2. Rate of Change

I want to eventually make trading my full time job. Until then I will keep learning and develop as a trader. Thanks for the journal, nice to see somebody who does it with charts only.

no problem Kas. we will share ideas, and trade set up if you want. i don't look at fundamentals either, and don't care about news...

no matter the story your indicator will tell you, the gbp/usd has taken a down trend, even a strong down trend. what we have to do now, is to wait for the retracement and enter the trade... keep things simple

cheers

Sounds good

already in short from 162298, 16134 target...main reason why i entered was because of the close below major/minor s/r i use...of course it could pull back and take me right out but im lookn for 161344 before any significant retracement

your entry was great. and i know they will be a follow up. Even if a minor retracement comes in, the trend is in your favor

good to hear