Trades based on Market Geometry and Price Action | Page 35 | Forex Factory

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Trades based on Market Geometry and Price Action

  • #681
  • Jun 13, 2011 8:12am Jun 13, 2011 8:12am
i'm trading Fendi. But there is no movement toady, taht's why. i took a trade on gold.it doesn't move
  • #682
  • Jun 13, 2011 8:17am Jun 13, 2011 8:17am
move stop to break even on gold. you can take some profit if you want. the movement is too slow. in case, price reverse against us, we will have a great entry point with the retracement level...
  • #683
  • Jun 13, 2011 8:28am Jun 13, 2011 8:28am
G/U what are you looking at?? target reached or bullish continues

Quoting dailyking
move stop to break even on gold. you can take some profit if you want. the movement is too slow. in case, price reverse against us, we will have a great entry point with the retracement level...
  • #684
  • Jun 13, 2011 8:34am Jun 13, 2011 8:34am
no G/u trade already closed .. it took me at break even , and reversed last week
  • #685
  • Jun 13, 2011 8:35am Jun 13, 2011 8:35am
so right now, i'm in only one trade, the gold trade
  • #686
  • Jun 13, 2011 8:58am Jun 13, 2011 8:58am
G/U now making wave 4 up, then 5, and then it's safe to short again :-)
  • #687
  • Jun 13, 2011 9:06am Jun 13, 2011 9:06am
dont trad gold, emptied my acc in my learning days.... requires too much capital to trade, dont u think??

Quoting dailyking
so right now, i'm in only one trade, the gold trade
  • #688
  • Jun 13, 2011 9:42am Jun 13, 2011 9:42am
down 3% so far this week...g/u and others went against me...holding shorts ca/ch, nz jp and gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.gif Size: 31 KB
  • #689
  • Jun 13, 2011 9:49am Jun 13, 2011 9:49am
yes i see. but with gold, you can use oanda, this broker gives you to trade with as little as 10 $ on a gold transaction. i like trading it because it's wave forms are very clear..
regarding gbp reversal, i will wait for the daily close to see if i hav to take an action...
  • #690
  • Jun 13, 2011 11:09am Jun 13, 2011 11:09am
what makes you decide to move your stop to b/e on a trade? when you see price moving sideways for a few bars or...?
  • #691
  • Jun 13, 2011 11:12am Jun 13, 2011 11:12am
mostly when a pivot point is broken. i think there is a reason to protect the money you made. But sometimes, you have to be careful because, price can come back , take your stop and move to your previous direction.
today, i moved it a bit quicker, because the market is hesitating, and also because it is sunday-monday, and volume is low...
  • #692
  • Jun 13, 2011 12:14pm Jun 13, 2011 12:14pm
Quoting dailyking
mostly when a pivot point is broken. i think there is a reason to protect the money you made. But sometimes, you have to be careful because, price can come back , take your stop and move to your previous direction.
today, i moved it a bit quicker, because the market is hesitating, and also because it is sunday-monday, and volume is low...

ok...just hit my target on gold
  • #693
  • Jun 13, 2011 12:15pm Jun 13, 2011 12:15pm
beautiful. i'm still in the trade...it's going crazy now...
  • #694
  • Jun 13, 2011 1:22pm Jun 13, 2011 1:22pm
i'm going out ttyl

  • #695
  • Edited 6:52pm Jun 13, 2011 6:37pm | Edited 6:52pm
i just grabbed some profit on my gold trade....i will keep the other run.if you haven't moved your stop to b.e, do it now

sweet
  • #696
  • Jun 13, 2011 7:39pm Jun 13, 2011 7:39pm
i'm looking at some set up now. i think the eur/usd and the aud/usd can give some movement...but we have to wait for good liquidity...
  • #697
  • Jun 13, 2011 8:32pm Jun 13, 2011 8:32pm
Quoting dailyking
i'm looking at some set up now. i think the eur/usd and the aud/usd can give some movement...but we have to wait for good liquidity...
i agree about au, im tryn to find an entry right now...eu im waitn for a break below 143701 to look for shorts
  • #698
  • Jun 13, 2011 8:48pm Jun 13, 2011 8:48pm
entering now is a bit risky...wait for london session
  • #699
  • Jun 13, 2011 9:21pm Jun 13, 2011 9:21pm
buy eur/usd at 1.4439 sl= 50 pips tp1=1.4500 tp2=1.4600

buy aud/usd at 1.0646 sl=50 pips tp1=1.0700 tp2=1.0790

buy gbp/usd at 1.6400 sl=50 pips tp1=1.6500 tp2=1.6600

happy pips

Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.usd.gif Size: 13 KB
Click to Enlarge Name: aud.usd.gif Size: 17 KB
Click to Enlarge Name: gbp.usd.gif Size: 15 KB
  • #700
  • Jun 13, 2011 9:27pm Jun 13, 2011 9:27pm
the market sounded bearish on monday. but everything seems so bullish now...
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