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Trades based on Market Geometry and Price Action

  • #1,061
  • Jun 20, 2011 7:12pm Jun 20, 2011 7:12pm
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
Well as always after you close , your eu target at 14370 is waving a white flag
  • #1,062
  • Jun 20, 2011 9:06pm Jun 20, 2011 9:06pm
you don't have to take my exit as yours. by looking for a daily 50 to 60 pips, you will close sooner than me. but, i post my results as soon as i close the chart. If you also check the result, you will see that the eur/usd hit the target...
  • #1,063
  • Jun 20, 2011 9:16pm Jun 20, 2011 9:16pm
Quoting dailyking
you don't have to take my exit as yours. by looking for a daily 50 to 60 pips, you will close sooner than me. but, i post my results as soon as i close the chart. If you also check the result, you will see that the eur/usd hit the target...
Yep , i closed at 14307.
But wish i took your TP haha.
  • #1,064
  • Jun 20, 2011 9:27pm Jun 20, 2011 9:27pm
gold has completed a beautiful gartley pattern, and is willing to head down. but the weekly set up tends to show an up signal. in this case, as usual important pivots have to be considered. a break of the short term pivot at 1534.98 should give some decent pips on the downside to the scalper. till around the 1523.40 area. But the most important level to watch is the 1510.07 level for strong down movement...
i will stay out of it for the moment, as they are way better set up than playing gold at the moment...

patience is the key to success...
Attached Image (click to enlarge)
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  • #1,065
  • Jun 20, 2011 9:42pm Jun 20, 2011 9:42pm
Lots of similarities between ch/jp daily and au daily . A coincidence ?
Never thought they correlate .
  • #1,066
  • Jun 20, 2011 10:04pm Jun 20, 2011 10:04pm
sometimes, they can go together, other times move separately..
  • #1,067
  • Jun 20, 2011 10:13pm Jun 20, 2011 10:13pm
i will be shorting the chf/yen at 90.64 sl=95.45 tp1=0.9400 tp2=0.9350
i will have some sleep before coming back...
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  • #1,068
  • Jun 20, 2011 10:19pm Jun 20, 2011 10:19pm
Quoting dailyking
i will be shorting the chf/yen at 90.64 sl=95.45 tp1=0.9400 tp2=0.9350
i will have some sleep before coming back...
Short @ 94.64? Also curious if you think that the EU short setup is still valid after the spike in the Asian session?
  • #1,069
  • Jun 20, 2011 10:23pm Jun 20, 2011 10:23pm
despite the spike, the eur/usd short is valid. i will just update the entry at 1 am at the close of the next 4hr candle...it is valid for me.

yes ! i will short chf/yen at 94.64
  • #1,070
  • Jun 20, 2011 10:31pm Jun 20, 2011 10:31pm
Ok great! Thanks.
  • #1,071
  • Jun 20, 2011 10:35pm Jun 20, 2011 10:35pm
At last
Was getting sick watching the ch/jp diversion
  • #1,072
  • Edited 12:33am Jun 21, 2011 12:18am | Edited 12:33am
update entry on eur/usd short at 1.4295 sl=1.4390 .tp is the same...

short gbp/usd at 1.6190 sl=1.6260 tp1=1.6100 tp2=1.6000
Attached Image (click to enlarge)
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  • #1,073
  • Jun 21, 2011 12:31am Jun 21, 2011 12:31am
eur/gbp update:

short at 0.8820 sl=0.8856 tp : same
  • #1,074
  • Jun 21, 2011 12:40am Jun 21, 2011 12:40am
the eur/cad is also short. but i don't wanna be taking too many trades, it's hard to manage...
  • #1,075
  • Jun 21, 2011 2:21am Jun 21, 2011 2:21am
if eurusd continue to stay bullish, it might be possible for a movement towards 1.4500?
Attached Image (click to enlarge)
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  • #1,076
  • Jun 21, 2011 2:42am Jun 21, 2011 2:42am
au nz moving down nicely, would of taken the short but was out...nz dollar showing strength to me...
  • #1,077
  • Jun 21, 2011 2:43am Jun 21, 2011 2:43am
Quoting edwinsieng
if eurusd continue to stay bullish, it might be possible for a movement towards 1.4500?
i think eu is trying to decide which way to go next atm
  • #1,078
  • Jun 21, 2011 2:52am Jun 21, 2011 2:52am
eu 4370 PO got filled.. senseing down/ retracement until US mkt opens
  • #1,079
  • Edited 3:33am Jun 21, 2011 3:22am | Edited 3:33am
due to my system I can enter safely at an earlier point. For nzd and eurusd I am almost getting confirmation on Hourly chart, so I will enter within this hour.

Will tell when I enter, since price can do a lot of things in the mean time. So don't enter just because I say I am I am entering, because I might not, I am just saying that my indicator is almost there.
  • #1,080
  • Edited 3:37am Jun 21, 2011 3:35am | Edited 3:37am
Good news for GBP Public net borrowing, but GU still going down, already priced in, so you see here news does nothing.
And it triggered DK's GU trade
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