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Trades based on Market Geometry and Price Action

  • #1,041
  • Jun 20, 2011 1:32pm Jun 20, 2011 1:32pm
i moved my stop to b.e on nzd/usd
  • #1,042
  • Jun 20, 2011 1:37pm Jun 20, 2011 1:37pm
all stop to be moved to break even. you csn grab some profit...the market is too slow
  • #1,043
  • Jun 20, 2011 2:09pm Jun 20, 2011 2:09pm
Quoting dailyking
all stop to be moved to break even. you csn grab some profit...the market is too slow
DK if you look back in history, Tuesday is just about always bullish - always good to buy Euro/cable on a Tuesday. Don't know why but it just about always is an "up day".

Looks to me from the charts that tomorrow is going to be no exception!

rgds
  • #1,044
  • Jun 20, 2011 2:14pm Jun 20, 2011 2:14pm
just closed a good part of my trades...
  • #1,045
  • Jun 20, 2011 2:21pm Jun 20, 2011 2:21pm
just closed all my trades.....
  • #1,046
  • Jun 20, 2011 2:36pm Jun 20, 2011 2:36pm
closed us ch in profit...hangn on to gu, i think it might move to 162741 still
  • #1,047
  • Jun 20, 2011 2:52pm Jun 20, 2011 2:52pm
it may get there. it may not...so move your stop to break even... i suspect a market reversal tonight, a change in trend direction...grab some profit. don't look for too much
  • #1,048
  • Jun 20, 2011 3:15pm Jun 20, 2011 3:15pm
what do you think about au ca?
  • #1,049
  • Jun 20, 2011 3:56pm Jun 20, 2011 3:56pm
i think a long is reasonable from 103527
Attached Image (click to enlarge)
Click to Enlarge Name: auca.gif Size: 36 KB
  • #1,050
  • Jun 20, 2011 4:15pm Jun 20, 2011 4:15pm
i have to agree with DK. my chart seem to show a possible movement even below the monthly low. i tried not to depend on this trendline, hoping for a even higher movement. but the point landed nicely on both the longer and shorter trendline. thus, i closed all my trades with 60+ pips. good call DK and thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 60 KB
  • #1,051
  • Jun 20, 2011 4:19pm Jun 20, 2011 4:19pm
a long on this pair is a bit risky. you would rather take a short below 1.0330.
but this pair is not the best set up...look at the usd/chf long or aud/usd short below 1.0550
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.cad.gif Size: 18 KB
Click to Enlarge Name: aud.usd.gif Size: 20 KB
  • #1,052
  • Jun 20, 2011 4:21pm Jun 20, 2011 4:21pm
no problem Edwinsieng. you are more than welcome
  • #1,053
  • Jun 20, 2011 4:25pm Jun 20, 2011 4:25pm
just my thoughts for audusd. the reason i called it complicated coz the there seems to be intermediate trendlines in between and somewhat traded within the intermediate trendlines. however, i do not find them dependable and thus will only trade within the 2 extreme trendlines with intermediate trendlines as possible tp
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 58 KB
  • #1,054
  • Jun 20, 2011 4:42pm Jun 20, 2011 4:42pm
Quoting dailyking
a long on this pair is a bit risky. you would rather take a short below 1.0330.
but this pair is not the best set up...look at the usd/chf long or aud/usd short below 1.0550
thanks...you see any short potential in gold atm?
  • #1,055
  • Jun 20, 2011 4:52pm Jun 20, 2011 4:52pm
yes the break of today's daily low should trigger a sell opportunity. i will make an analysis later....
  • #1,056
  • Jun 20, 2011 5:23pm Jun 20, 2011 5:23pm
here is my gold view, i might short below 154275
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 31 KB
  • #1,057
  • Jun 20, 2011 5:23pm Jun 20, 2011 5:23pm
outta here for a bit, good day guys
  • #1,058
  • Jun 20, 2011 5:26pm Jun 20, 2011 5:26pm
i closed all my trades of this morning and made quite a decent profit. here are the set ups, i will be taking tonight...
the trend may be turning, and if it breaks significant levels, it will turn back in the opposite direction...

short nzd/usd at 0.8074 sl=0.8146 tp1=0.8000 tp2=0.7950
short eur/gbp at 0.8808 sl=0.8850 tp1=0.9750 tp2=0.8650
short eur/usd at 1.4255 sl=1.4330 tp1=1.4127 tp2=1.3900

i'm heading out at the moment. plz let me be back to complete the analysis at around 9m eastern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd.usd.gif Size: 18 KB
Click to Enlarge Name: eur.gbp.gif Size: 15 KB
Click to Enlarge Name: eur.usd.gif Size: 17 KB
  • #1,059
  • Jun 20, 2011 6:00pm Jun 20, 2011 6:00pm
Quoting dailyking
i closed all my trades of this morning and made quite a decent profit. here are the set ups, i will be taking tonight...
the trend may be turning, and if it breaks significant levels, it will turn back in the opposite direction...

short nzd/usd at 0.8074 sl=0.8146 tp1=0.8000 tp2=0.7950
short eur/gbp at 0.8808 sl=0.8850 tp1=0.9750 tp2=0.8650
short eur/usd at 1.4255 sl=1.4330 tp1=1.4127 tp2=1.3900

i'm heading out at the moment. plz let me be back to complete the analysis at around 9m eastern
I have been trying to master a similar style of trading the past 6 months primarily with EU and so far only a little better than BE. I see the potential though! Looking forward to following along. Out of curiosity - how long have you used this style of trading?

PV
  • #1,060
  • Jun 20, 2011 6:06pm Jun 20, 2011 6:06pm
25,8% for the day, i need some sleep now
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