Trades based on Market Geometry and Price Action

i shouldn't have moved my 5 min entry on gbp/usd to break even...it took me at b.e. otherwise i would have made nice profit...

the weekly short was obvious at the beginning of the week. but now, daily and 4 hr charts are confusing people...

the pair i was expecting to make the big move this week was the gbp/usd. but i don't know what happened...

triangle. look at the triangle.

which one are you talking about ?
i'm going to short some pairs...short big....as they are showing me all their upside movement were fake retrace...i'm going to short big..

On GU, the weekly trend is clearly up and price is close to the bottom trendline, not to say that that can't be broken a bit to form a new one, but the trend on daily has been down a bit which forms the triangle. prices go up and down with smaller swings until it will either go up or down big, my guess is up since we are in a C wave and will have to go higher than the 2009 high.

good to hear that. but i also see a 1,2,3 formation on the weekly chart which shows that the buyers don't have enough strength to move it higher, at least for this week...
can i see your chart ?

yeah, but it's the same as yours, i trade naked. The system i am not allowed to show you since it's proprietary.

GU is nice to trade cause it's such a nice trending pair, but now the situation is unclear I am close the trades and stay away for a while.

here is what i see..

just moved my stop to b.e on usd/cad trade

the 4hr candle closing in 1hr will give us a strong view of market direction for today....

i shorted eu ca earlier this week...it came up, stopped me out and of course now its moved down nicely

...eu/au top performer atm

how many pairs do you trade ?

25 including gold and silver...some people would say i should just learn the behaviour of 1 or 2 but i think they all behave pretty much the same just different frequency/vibration...something ive noticed watching as many pairs as i do is when there are bigger moves it seems these pair groups generally move in the same direction

us/jp
gb/jp
eu/jp
au/jp
nz/jp

eu/ch
au/ch
us/ch
gb/ch
ca/ch

au/ca
eu/ca
us/ca

au/nz
eu/nz

xag/usd
xau/usd

now i'm convinced. guess it's gonna be a down day

forgot a group

eu/us
gb/us
nz/us
au/us

just shorted eur/usd at 1.4336 sl=1.4438 tp1=1,4200 tp2=1.4000
if you don't feel comfortable, you can wait for the daily close...

for sure, it will be a down day..and till the end of the week

you are right , about pairs movements

the lessons i'm learning now with this reversal set up , and turning points that don't care about news events is the importance and the weight of the weekly candle, and weekly set up....