Trades based on Market Geometry and Price Action | Page 71 | Forex Factory

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Trades based on Market Geometry and Price Action

  • #1,401
  • Jun 29, 2011 4:49pm Jun 29, 2011 4:49pm
eur/usd, gbp/usd, eur/gbp, aud/usd, nzd/usd...gbp/chf best for me
  • #1,402
  • Jun 29, 2011 5:11pm Jun 29, 2011 5:11pm
i have never seen such a beautiful gartley. if the 4hr candle on eur/gbp closes as a pin bar, i know tomorrow will be a huge move...
if eur/usd close this candle as a fakey, we will have a better sleep.

some people will laugh in a couple of hours...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gbp.gif Size: 22 KB
Click to Enlarge Name: eur.usd.gif Size: 20 KB
  • #1,403
  • Jun 29, 2011 5:32pm Jun 29, 2011 5:32pm
  •  JMo
  • | Joined Aug 2010 | Status: Discipline + Winning Edge = WEALTH | 43 Posts
Good thread Daily king,
I am new to FF but have been trading using priceaction for the last couple of years (mostly active since the last year). I trade using a similar method of priceaction setups.
My rules are
Trade on daily charts

  1. only trade in the Trend direction (use 8 and 21 EMA as 'guide')
  2. Identify strong Support/Resistance areas
  3. Wait for priceaction signal (pinbars) to form in confluence with S/R and trend
  4. Identify the next major S/R zone
  5. Check if entering this setup will give be reward:risk ratio of atleast 2:1
  6. Stoploss 5pips below the wick for going long and above the wick for going short
  7. Profit target just before the next support resistance area
  8. Once I am trade, I dont adjust my trades at all, I let the price action do its magic
  9. I am happy to take a few losses along the way, because I know my account is profitable overall


Happy profitable trading
JMo

  • #1,404
  • Jun 29, 2011 6:13pm Jun 29, 2011 6:13pm
short eur/gbp at 0.8959 sl=0.8986 tp=0.8858
short gbp/yen at 129.20 sl=130.17 tp=127.96
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.yen.gif Size: 19 KB
Click to Enlarge Name: eur.gbp.gif Size: 16 KB
  • #1,405
  • Jun 29, 2011 6:22pm Jun 29, 2011 6:22pm
im short from 12979, when you get in dk, ill be out
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 32 KB
  • #1,406
  • Jun 29, 2011 6:26pm Jun 29, 2011 6:26pm
you should keep it.it has a long way to go
  • #1,407
  • Jun 29, 2011 6:28pm Jun 29, 2011 6:28pm
how do you enter your trades ?
  • #1,408
  • Jun 29, 2011 7:52pm Jun 29, 2011 7:52pm
Quoting dailyking
how do you enter your trades ?
at the moment im trading with a supply demand/ sine wave style method...i also watch candle deviations closely to give me hints of buying/selling going on around s/r...instead of hoping the trend will continue ill look for trend exhaustion and get in on the reverse...the end of a trend is my friend
  • #1,409
  • Jun 29, 2011 8:16pm Jun 29, 2011 8:16pm
...if i was a channel trader, looked like a possible entry on the upthrust
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 28 KB
  • #1,410
  • Jun 29, 2011 8:45pm Jun 29, 2011 8:45pm
almost the same thing on gb ch...
Attached Image (click to enlarge)
Click to Enlarge Name: gbch.gif Size: 21 KB
  • #1,411
  • Jun 30, 2011 12:04am Jun 30, 2011 12:04am
Quoting Kas1
im short from 12979, when you get in dk, ill be out
bulls eye
  • #1,412
  • Jun 30, 2011 12:09am Jun 30, 2011 12:09am
just shorted gb us 160921
  • #1,413
  • Jun 30, 2011 12:44am Jun 30, 2011 12:44am
shorted chfyen again at 96.70 appr. target 95.70 - 95.85
  • #1,414
  • Jun 30, 2011 1:02am Jun 30, 2011 1:02am
Quoting Tatbat
shorted chfyen again at 96.70 appr. target 95.70 - 95.85

what do you think about this pair? According to daily pattern forming, - looks like bearish wedge - I already mentioned before - target around 95.30 is not unreal to reach. If 95.30 is broken down on daily .... then...
what´s your opinion ?
  • #1,415
  • Jun 30, 2011 1:15am Jun 30, 2011 1:15am
Quoting Tatbat
what do you think about this pair? According to daily pattern forming, - looks like bearish wedge - I already mentioned before - target around 95.30 is not unreal to reach. If 95.30 is broken down on daily .... then...
what´s your opinion ?
from the daily i think there is demand around 94 but im not convinced it will move down that far yet...at the moment im looking at ch jp in a demand zone, but its not giving me any signs of buyers, so im staying away...could hit 9630 and drop more...ill just wait for some consolidation and look for buyers...if it wants to retrace off this 1hr chart down move, ill try to get in with a short
  • #1,416
  • Jun 30, 2011 1:25am Jun 30, 2011 1:25am
gb us and gb ch almost at targets, was stopped out on ca ch...damn canadians and their strong dollar lol
  • #1,417
  • Edited 1:55am Jun 30, 2011 1:35am | Edited 1:55am
smart money is guna hesitate on that huge 1hr candle on gj, whoa
  • #1,418
  • Edited 1:51am Jun 30, 2011 1:39am | Edited 1:51am
If it's not EU killing me, now its EURGBP. Not my week, I'm going away and when I get back it better be a downmarket finally. I give up.
They're probably brushing up things, for months end, won't help them though. Just new legislation and tax cuts won't help Greece if the majority of people do not stand behind the new way of living Greeks should adopt. Am I the only one that understands this?
  • #1,419
  • Edited 2:28am Jun 30, 2011 2:11am | Edited 2:28am
Quoting sugarbelly
If it's not EU killing me, now its EURGBP. Not my week, I'm going away and when I get back it better be a downmarket finally. I give up.
They're probably brushing up things, for months end, won't help them though. Just new legislation and tax cuts won't help Greece if the majority of people do not stand behind the new way of living Greeks should adopt. Am I the only one that understands this?
...both those pairs im staying away from atm they keep showing me little fake short breakouts...i lost on both earlier this week
as far as greece goes, watch this

Inserted Video
  • #1,420
  • Jun 30, 2011 2:43am Jun 30, 2011 2:43am
Quoting sugarbelly
If it's not EU killing me, now its EURGBP. Not my week, I'm going away and when I get back it better be a downmarket finally. I give up.
They're probably brushing up things, for months end, won't help them though. Just new legislation and tax cuts won't help Greece if the majority of people do not stand behind the new way of living Greeks should adopt. Am I the only one that understands this?
The Greek decision is nothing positive , nether for the Greeks neither for the Europian Union , sooner or later the whole eu will have to wipe the whole middle class out to fulfill the needs of the banks if this continues.

Slavery starts by depting, in this case the whole nation .
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