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Trades based on Market Geometry and Price Action

  • #841
  • Jun 16, 2011 8:36am Jun 16, 2011 8:36am
possibly. i'm going to take some profit again and leave a tiny part in the market. don't rush after trade...look ! instead of forcing trades, it's better to wait for a good set up and double your lot or position, thing you could have lost in the forced trade...
  • #842
  • Jun 16, 2011 8:39am Jun 16, 2011 8:39am
Quoting dailyking
possibly. i'm going to take some profit again and leave a tiny part in the market. don't rush after trade...look ! instead of forcing trades, it's better to wait for a good set up and double your lot or position, thing you could have lost in the forced trade...
Yap , thanks bro, will look .
  • #843
  • Jun 16, 2011 9:12am Jun 16, 2011 9:12am
short silver at 34.90 sl=36.00 tp1=33.94 tp2=33.40
in case this pivot is passed. something can happen

just corrected the stop loss 36.00 not 34.90
Attached Image (click to enlarge)
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  • #844
  • Jun 16, 2011 12:08pm Jun 16, 2011 12:08pm
i have just closed all my trades, and also cancelled the order on silver...Market is done already...
  • #845
  • Jun 16, 2011 1:57pm Jun 16, 2011 1:57pm
better day for me but still down 2.5% this week...3 trades in atm all in profit ...if those all go well i should be up .5% for the week...im not a scalper so its tough for me to be up daily...is it just me or do most of the big moves during the week happen on tuesday, wednesday, thursday?
  • #846
  • Jun 16, 2011 2:44pm Jun 16, 2011 2:44pm
you are right. most of the moves happen from Tuesday. Some traders even don't trade Sunday and Monday...mostly, you will find that sunday-monday are set for retracement for the set up that occurs on friday...
  • #847
  • Jun 16, 2011 4:14pm Jun 16, 2011 4:14pm
buy eur/cad at 1.3975 sl=1.3813 tp1=1.4165 tp2=1.4260
buy neur/gbp at 0.8805 sl=0.8714 tp1= 0.8877 tp2-0.8920

happy pips...
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  • #848
  • Jun 16, 2011 7:10pm Jun 16, 2011 7:10pm
decided to add the 4hr tf...normally i only use 2, 1hr/15min, never tried 3 for very long...thinkn it will help give me a better idea of the week trend that you talk about...eu ca long i dont think is a good idea i see minor resistance at 139624 and major, 140066...to me it was a good short from 139624, 138206 target...but you're the king!
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  • #849
  • Jun 16, 2011 9:20pm Jun 16, 2011 9:20pm
hi Kas1 how are you doing ? i have just read your comment. nice fr congratulating me. if by tomorrow 9 or 10 am, the trade is not executed, i will cancel the order...
  • #850
  • Jun 16, 2011 9:28pm Jun 16, 2011 9:28pm
i will log out now to take a quick sleep and come back...ttyl
  • #851
  • Jun 16, 2011 9:36pm Jun 16, 2011 9:36pm
Quoting dailyking
i may be wrong. but, based on my experience, a wide range bar ( big candle) like the one that formed yesterday tells you the market will continue in the same direction for a bit before retracing. (this is when you play with the trend)...

im doin ok...not a spectacular week but learning more...vsa(volume spread analysis) teaches that the market does not like very big candles...ive been trying to understand wide range bars a little better for some time...ive seen some that stop a trend, others start them and some will knock a trend sideways...it would make sence to me that a wide range bar is an initial impulse, however there is not always follow through...how to quantify wether there is or isnt any follow through is something i struggle to get my head around...only conclusion i can come to at this point is that the market is indecisive when really big candles come...talk to ya later
  • #852
  • Jun 16, 2011 10:47pm Jun 16, 2011 10:47pm
eurusd might be forming retracement to 1.435 level. will enter long entry once it hits above 1.4205 and showed strong signs of bull. but stop loss wont be generous as it could be a small retracement before it hits a low even lower than may.

anyway i watched quite a while for the trades among the 1.4070-1.4170 level. the bull are strong in these levels. so shorting might be a problem here. although i shorted it yesterday. manage to b/e eventually.
  • #853
  • Jun 16, 2011 11:32pm Jun 16, 2011 11:32pm
ONe question

Did a trade can be cancelled without losing the money/gaining the profit


Which broker allows it ??
  • #854
  • Jun 17, 2011 12:15am Jun 17, 2011 12:15am
Quoting edwinsieng
eurusd might be forming retracement to 1.435 level. will enter long entry once it hits above 1.4205 and showed strong signs of bull. but stop loss wont be generous as it could be a small retracement before it hits a low even lower than may.

anyway i watched quite a while for the trades among the 1.4070-1.4170 level. the bull are strong in these levels. so shorting might be a problem here. although i shorted it yesterday. manage to b/e eventually.
lots of resistance 142121 i think, could drop to 140731 no problem...stayn away atm
  • #855
  • Jun 17, 2011 1:57am Jun 17, 2011 1:57am
Saplay,
Every broker does. If you put a pending order in, it's free to cancel that order since it has not been executed yet.
  • #856
  • Jun 17, 2011 2:25am Jun 17, 2011 2:25am
Quoting edwinsieng
it seems like it is heading down ~ btw, how do you post charts? i wish to post to share my thoughts but have no idea other than screenshot the whole page hahas.
if youre using metatrader right click on the chart you want to save and then go to save as picture...it should come up with a box that says, save active workspace, active chart (as is), active chart...select the one you want and save it
  • #857
  • Jun 17, 2011 2:29am Jun 17, 2011 2:29am
Gj has broken the 129.74 , fake or not lets see.
  • #858
  • Jun 17, 2011 2:36am Jun 17, 2011 2:36am
  • #859
  • Jun 17, 2011 2:37am Jun 17, 2011 2:37am
Quoting monguito
Gj has broken the 129.74 , fake or not lets see.
was lookn for a pull back before that was broken...au jp was a better point of entry for me
  • #860
  • Jun 17, 2011 2:57am Jun 17, 2011 2:57am
just shorted silver at 35.00 sl=36.00 tp1=34.00 tp2=33.44

a few pips late. if you are not confident in the trade, you can wait for 1 hr when the 4hr candle trade will close to get a better view....
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