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Trades based on Market Geometry and Price Action

  • #1,321
  • Jun 27, 2011 9:28am Jun 27, 2011 9:28am
Quoting dailyking
chf/yen. i lost the trade. you can stillbuy gbp/yen, but remember you areplaying against the trend. a good scalp can be good, but be quick for profit taking...
ch jp has exploded into new highs on the weekly chart...guess the bull run is still strong...i think gj is setting up short for later on
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 26 KB
  • #1,322
  • Jun 27, 2011 9:36am Jun 27, 2011 9:36am
chfyen is really stubborn, could go to 98 area (76.8) but I don't see it go higher.
  • #1,323
  • Jun 27, 2011 9:57am Jun 27, 2011 9:57am
Oh, yeah, never trade on Monday's, I should listen more to myself
  • #1,324
  • Jun 27, 2011 10:03am Jun 27, 2011 10:03am
yes sunday-monday the market is too slow...
  • #1,325
  • Jun 27, 2011 10:06am Jun 27, 2011 10:06am
gold, silver and au ch look like good buys to me atm
  • #1,326
  • Jun 27, 2011 10:07am Jun 27, 2011 10:07am
I finally get a sell signal from chfjpy, hope it will give continuation. And I am ready for another EU drop.

Monday is not only slow, but also very unpredictable
  • #1,327
  • Jun 27, 2011 10:10am Jun 27, 2011 10:10am
the pair that is most appealing to me is the eur/gbp short
  • #1,328
  • Jun 27, 2011 10:13am Jun 27, 2011 10:13am
i did pretty well today, hopefully its a sign of good things to come this week...i dont really like the idea of having to trade around europe/london/new york to catch the momentum but to each his own
  • #1,329
  • Jun 27, 2011 10:14am Jun 27, 2011 10:14am
Quoting dailyking
the pair that is most appealing to me is the eur/gbp short
i agree nice short set up i see too
  • #1,330
  • Jun 27, 2011 10:33am Jun 27, 2011 10:33am
I agree with short too, but when I look at 4 H chart maybe I would wait until 4 H candle closes.
  • #1,331
  • Jun 27, 2011 10:48am Jun 27, 2011 10:48am
Quoting Tatbat
I agree with short too, but when I look at 4 H chart maybe I would wait until 4 H candle closes.
yeh, a nice down candle would help on the 4hr...me i need to see a good break down of a supply area...
  • #1,332
  • Jun 27, 2011 11:03am Jun 27, 2011 11:03am
trying to short gb eu
  • #1,333
  • Jun 27, 2011 11:17am Jun 27, 2011 11:17am
kiwi is trying to fill in the gap up that was formed - I wonder if success.
  • #1,334
  • Jun 27, 2011 12:41pm Jun 27, 2011 12:41pm
i shorted ej just now, couldnt find a gb eu entry
  • #1,335
  • Jun 27, 2011 1:20pm Jun 27, 2011 1:20pm
I cannot post a chart yet as a newbie , please take care shorting euyen, I see a bullish wedge on 4 H , upper TL was broken at appx. 115,14 - just my opinion.
  • #1,336
  • Jun 27, 2011 1:35pm Jun 27, 2011 1:35pm
Quoting Tatbat
I cannot post a chart yet as a newbie , please take care shorting euyen, I see a bullish wedge on 4 H , upper TL was broken at appx. 115,14 - just my opinion.
yeh i wasnt looking at the 4hr when i took the trade, i know its a bull trend happening, just tryna catch the start of the downtrend...of course it could just be a correction and i'll get stopped out ...opinions are what we are here for...i suggest taking a look at these links

http://www.forexfactory.com/showthread.php?t=230888
http://www.forexfactory.com/showthre...255586&page=10
http://consult-fx.com/26-sam-seiden-webinars
  • #1,337
  • Jun 27, 2011 1:51pm Jun 27, 2011 1:51pm
Thanks, I missed this trade, was long cable and made some pips,
waiting now to possible pullback back to 115,10 if trendline not broken down, IŽll long this pair
  • #1,338
  • Jun 27, 2011 2:26pm Jun 27, 2011 2:26pm
Just shorted usd/jpy. TP 80.70
  • #1,339
  • Jun 27, 2011 4:24pm Jun 27, 2011 4:24pm
short eur/gbp at 0.8921 sl=0.8953 tp1=0.8870 tp2=0.8825

happy pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gbp.gif Size: 19 KB
  • #1,340
  • Jun 27, 2011 4:30pm Jun 27, 2011 4:30pm
this eur/gbp trade is the perfect set up. i know it will give me at least 3 different entries
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