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Trades based on Market Geometry and Price Action

  • #781
  • Jun 15, 2011 4:18am Jun 15, 2011 4:18am
i closed 3/4 of my long trade on gold
  • #782
  • Jun 15, 2011 4:21am Jun 15, 2011 4:21am
i will short aud/usd too..
  • #783
  • Jun 15, 2011 4:31am Jun 15, 2011 4:31am
Hey Dailyking

Been enjoying this thred while trading , thanks bro .
One question to all , what is your opinion about chf/jpy ?
Cause ive been whatching them for so long and the set ups perfect but never works out , do you guys trade them ?
  • #784
  • Jun 15, 2011 4:40am Jun 15, 2011 4:40am
Quoting dailyking
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....
you are making me consider adding a couple longer tf to my analysis...

Quoting dailyking
i closed 3/4 of my long trade on gold
...good choice im tryn to short from 1519.55, silver too ...

Quoting dailyking
i will short aud/usd too..
...looks like au/us has dropped the least out of nz/us, eu/us and gb/us...will it follow? guess we shall see...i should be short on nz/us but was out and missed my entry
  • #785
  • Jun 15, 2011 5:47am Jun 15, 2011 5:47am
Quoting monguito
Hey Dailyking

Been enjoying this thred while trading , thanks bro .
One question to all , what is your opinion about chf/jpy ?
Cause ive been whatching them for so long and the set ups perfect but never works out , do you guys trade them ?
i dont speak for dk but i can say imo that chjp is pretty choppy right now...i tried to long it yesturday but it didnt work out...i might go short below 94861, otherwise im leaving it alone
  • #786
  • Jun 15, 2011 6:08am Jun 15, 2011 6:08am
Quoting Kas1
i dont speak for dk but i can say imo that chjp is pretty choppy right now...i tried to long it yesturday but it didnt work out...i might go short below 94861, otherwise im leaving it alone
well what do ya know...short time
Attached Image (click to enlarge)
Click to Enlarge Name: chjp.gif Size: 26 KB
  • #787
  • Jun 15, 2011 6:10am Jun 15, 2011 6:10am
Quoting Kas1
i dont speak for dk but i can say imo that chjp is pretty choppy right now...i tried to long it yesturday but it didnt work out...i might go short below 94861, otherwise im leaving it alone
Hey Kas1 .
ya , youre right . the setups and the macd says its heading way south but for 3 days im banging the door but doesnt move at all rather then ranging between 96.34 and 94.83 .

Do you trade them often?
  • #788
  • Jun 15, 2011 6:30am Jun 15, 2011 6:30am
Quoting monguito
Hey Kas1 .
ya , youre right . the setups and the macd says its heading way south but for 3 days im banging the door but doesnt move at all rather then ranging between 96.34 and 94.83 .

Do you trade them often?
whatever i see thats set up i'll look for a trade...coincidence it set up for me not long after you mentioned it
  • #789
  • Jun 15, 2011 6:36am Jun 15, 2011 6:36am
Quoting Kas1
whatever i see thats set up i'll look for a trade...coincidence it set up for me not long after you mentioned it
Great , now we have two loosers hahahah.
Just becareful cause this thing is acting dumb.
  • #790
  • Jun 15, 2011 7:09am Jun 15, 2011 7:09am
sorry guy, i fell asleep after 5:00 am. regarding the chf/yen. it is really going down. but foe me, i will wait for next week to short it, so that i could avoid this ranging situation...
  • #791
  • Jun 15, 2011 7:31am Jun 15, 2011 7:31am
i'm short on aud/usd since 1.0670 sl=1.0724 tp1=1.0567 tp2=1.0500
  • #792
  • Jun 15, 2011 7:32am Jun 15, 2011 7:32am
if you like small stop loss, you can wait for today's close...the small retracement that will follow will give good entry...
  • #793
  • Jun 15, 2011 7:50am Jun 15, 2011 7:50am
stopped out of ch jp chop chop, wouldnt be suprised if it moves down still...just closed profit on gbus though...not impressed i missed that nz us trade
  • #794
  • Edited 8:09am Jun 15, 2011 7:55am | Edited 8:09am
if you missed nzd/us. that's fine. look at the aud/usd. tonight will be a good short .
  • #795
  • Jun 15, 2011 7:58am Jun 15, 2011 7:58am
eur/usd is following the weekly forecast.. nicely
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd.gif Size: 19 KB
  • #796
  • Jun 15, 2011 8:21am Jun 15, 2011 8:21am
it would be wise to take some profit on eur/usd and gbp/usd...just in case.
  • #797
  • Jun 15, 2011 9:00am Jun 15, 2011 9:00am
Quoting dailyking
sorry guy, i fell asleep after 5:00 am. regarding the chf/yen. it is really going down. but foe me, i will wait for next week to short it, so that i could avoid this ranging situation...
Heey DK

As i said , I m new here but been peaking on this thred while trading and has been interesting so thanx bro .

About the chf/jpy , why do you say next week?
  • #798
  • Jun 15, 2011 9:09am Jun 15, 2011 9:09am
stops to be moved to break even...thanks for being careful
  • #799
  • Jun 15, 2011 9:31am Jun 15, 2011 9:31am
Also im short on AU since 1.0700 and will ride down till the end .
Hope it will brake the pivot .
  • #800
  • Jun 15, 2011 10:40am Jun 15, 2011 10:40am
i think aud/usd will be one of he best set up tonight. i will enter a second short on it in case market close like now....
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