Trades based on Market Geometry and Price Action | Page 70 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fractal Geometry 721 replies

Charles Drummond Geometry 23 replies

Geometry in Cycle Identifier Indicator 9 replies

Fractal Geometry....Trading? 154 replies

The Endless Beauty of Market Geometry 3 replies

Attachments: Trades based on Market Geometry and Price Action
Exit Attachments

Trades based on Market Geometry and Price Action

  • #1,381
  • Jun 29, 2011 12:52pm Jun 29, 2011 12:52pm
Quoting sugarbelly
Any thoughts on how far up EU can go, 1,45?
Well I'm hoping for a stop hunt above 14450 - got it long at the moment!
  • #1,382
  • Jun 29, 2011 1:02pm Jun 29, 2011 1:02pm
Quoting Tatbat
shorted chfyen at 97.50 TP 92.75
closed my trade at 96.80
and sorry for typo TP intended was 95.75

waiting for another short at about 96.50
  • #1,383
  • Jun 29, 2011 1:11pm Jun 29, 2011 1:11pm
Quoting sugarbelly
Any thoughts on how far up EU can go, 1,45?
According my tech. analysis 1,45 could be reached ...but you know anything can happen ...got burned on cable today morning
  • #1,384
  • Edited 4:14pm Jun 29, 2011 3:34pm | Edited 4:14pm
Quoting sugarbelly
Any thoughts on how far up EU can go, 1,45?
1.4500ish looking back one week to June 14,
1.4700ish looking back two weeks to June 7-8
1.4950ish looking back two months to May 5.

Looks like "kicking the can down the road" again with the loan for Greece might suffice for the markets to ignore both 4 hr technicals and fundamentals - at least for another short time until the next crisis. As a trading commentary newsletter I read always ends their daily commentary, "Trade well and follow the trend, not the so called experts."
  • #1,385
  • Jun 29, 2011 3:35pm Jun 29, 2011 3:35pm
shorted ca ch
Attached Image (click to enlarge)
Click to Enlarge Name: cach.gif Size: 29 KB
  • #1,386
  • Jun 29, 2011 4:35pm Jun 29, 2011 4:35pm
i think euro will continue a bit more before the reversal, around the 1.4541 area. When you look at the dollar index, you see that there is a potential fall of the dollar...i will focus on eur/gbp to see what will happen since it has a good short set up...tomoorrow is alsothe endof the month. the monthly close will give good clue
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd.gif Size: 16 KB
  • #1,387
  • Jun 29, 2011 4:52pm Jun 29, 2011 4:52pm
what do you think about gb/jp dk?
  • #1,388
  • Edited 5:28pm Jun 29, 2011 5:02pm | Edited 5:28pm
gbp.yen is short...wait for the break of the trend line to enter...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.yen.gif Size: 22 KB
  • #1,389
  • Jun 29, 2011 5:29pm Jun 29, 2011 5:29pm
DK, Indeed EURUSD may rise to 1,45 or a little higher, but wouldn't you agree that there must be a drawback to 38.2 level of the latest large rise from 1,286 till 1,4940. Also Elliott wave analysis (actionforex) indicates a fall is necessary before further gains (finish C wave of this correction).
  • #1,390
  • Jun 29, 2011 5:37pm Jun 29, 2011 5:37pm
actually the market is unclear. the analysis was right till today. i see that eur/usd is breaking weekly highs with some strength.the 2 days remaining will give us a good idea
  • #1,391
  • Jun 29, 2011 5:43pm Jun 29, 2011 5:43pm
The question at hand is also a difficult one. Is the pair going up or down, because one of the currencies is stronger or weaker. News is changing so fast that a rational decision is impossible.
  • #1,392
  • Jun 29, 2011 5:46pm Jun 29, 2011 5:46pm
stress free trade

short chf/yen at 97.19 sl=97.80 tp=96.00 ....this is basically 2 times your investment.just take it and move your way...
Attached Image (click to enlarge)
Click to Enlarge Name: chf.yen.gif Size: 17 KB
  • #1,393
  • Jun 29, 2011 5:54pm Jun 29, 2011 5:54pm
That last move really hurt me.
At the beginning of the week I told myself, do not trade this week. My feeling was correct, but again I didn't listen to myself, I have to really start doing that sometime....
  • #1,394
  • Jun 29, 2011 6:00pm Jun 29, 2011 6:00pm
Quoting pipster42
1.4500ish looking back one week to June 14,
1.4700ish looking back two weeks to June 7-8
1.4950ish looking back two months to May 5.

Looks like "kicking the can down the road" again with the loan for Greece might suffice for the markets to ignore both 4 hr technicals and fundamentals - at least for another short time until the next crisis. As a trading commentary newsletter I read always ends their daily commentary, "Trade well and follow the trend, not the so called experts."
I realized that after changing trade plans , lost a big chunk earned following the trend .
Following the trend is the key to survive
  • #1,395
  • Jun 29, 2011 6:08pm Jun 29, 2011 6:08pm
work on yourself, and build strong discipline to not trade, when there is no set up.
  • #1,396
  • Jun 29, 2011 6:08pm Jun 29, 2011 6:08pm
It all depends at what TimeFrame you consider the trend
  • #1,397
  • Jun 29, 2011 6:11pm Jun 29, 2011 6:11pm
smaller time frames are killers...
  • #1,398
  • Jun 29, 2011 6:25pm Jun 29, 2011 6:25pm
Well ,,, H4 with 50 ,100,200sma is the most reliable for me but gives less trades so was shifting to H15 . The beginning wasnt bad but lost quick , and now I use 30 just for momentum and ignore the smaller ones , trade only base on the old h4 and above. Have to wait long but safe trades .
  • #1,399
  • Jun 29, 2011 6:30pm Jun 29, 2011 6:30pm
good. use 15m and 30m 1hr for entries. unless you have a good feeling of the market,and master currency behavior
  • #1,400
  • Jun 29, 2011 6:36pm Jun 29, 2011 6:36pm
To DK and sugar , you guys trade patterns but which pairs respect the patterns the most eu ?
7 traders viewing now