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Trades based on Market Geometry and Price Action

  • #1,441
  • Jun 30, 2011 10:34am Jun 30, 2011 10:34am
Quoting sugarbelly
And now I need a big drop from EU and EG.

me too...
  • #1,442
  • Jun 30, 2011 10:46am Jun 30, 2011 10:46am
Quoting Tatbat
me too...
close of 4H candle maybe tells us more
  • #1,443
  • Jun 30, 2011 10:49am Jun 30, 2011 10:49am
the way things are going now, i suspect eur/usd to be making a continuation of the up move
  • #1,444
  • Jun 30, 2011 10:54am Jun 30, 2011 10:54am
DK, what do you think about this EUR/GBP triangle forming on 15 minutes ? There could be a break in no time ....
  • #1,445
  • Jun 30, 2011 10:55am Jun 30, 2011 10:55am
Quoting dailyking
the way things are going now, i suspect eur/usd to be making a continuation of the up move

I would like to see a nice bearish doji on hourly close now....
  • #1,446
  • Jun 30, 2011 10:58am Jun 30, 2011 10:58am
eur/gbp will fall. this fall is supported by the gbp/chf going up, the gbp/chf being its exact opposite...if price break the 0.9017 level, it could fall more
  • #1,447
  • Jun 30, 2011 10:58am Jun 30, 2011 10:58am
Quoting Tatbat
I would like to see a nice bearish doji on hourly close now....

but I think you are right - and no bearish doji on hourly
  • #1,448
  • Jun 30, 2011 11:00am Jun 30, 2011 11:00am
Quoting dailyking
eur/gbp will fall. this fall is supported by the gbp/chf going up, the gbp/chf being its exact opposite...if price break the 0.9017 level, it could fall more


right
  • #1,449
  • Jun 30, 2011 11:05am Jun 30, 2011 11:05am
Quoting dailyking
the way things are going now, i suspect eur/usd to be making a continuation of the up move
You really think so? I know the triangle forming is less strong a resistance than the last top, but I sure do hope it's going to fall. We've had an enormous run-up of four days in a row which doesn't happen that often.

Who the hell is buying this crap?
  • #1,450
  • Jun 30, 2011 11:07am Jun 30, 2011 11:07am
the fall will just be a retracement before going up again..this is what i mean. anyway, i stay out of this pair for the moment...
  • #1,451
  • Jun 30, 2011 11:30am Jun 30, 2011 11:30am
Quoting dailyking
eur/gbp will fall. this fall is supported by the gbp/chf going up, the gbp/chf being its exact opposite...if price break the 0.9017 level, it could fall more

triangle broken.. I like it
  • #1,452
  • Jun 30, 2011 11:35am Jun 30, 2011 11:35am
good stuff
  • #1,453
  • Jun 30, 2011 11:41am Jun 30, 2011 11:41am
nice trades given again DK! i do suspect a continuation of upward movements given the success of Greece confident votes as well as the whole equities market reacting to it positively. so i believe this news will not fade that fast and eur will be heading up for more.
  • #1,454
  • Jun 30, 2011 11:48am Jun 30, 2011 11:48am
i'm eager to know how tomorrow weekly candle will close. but the odds are to the upside at the moment
  • #1,455
  • Jun 30, 2011 11:55am Jun 30, 2011 11:55am
and it seems like eurcad trade might be triggered anytime soon.
  • #1,456
  • Jun 30, 2011 11:58am Jun 30, 2011 11:58am
yes.let's wait and see
  • #1,457
  • Jun 30, 2011 1:25pm Jun 30, 2011 1:25pm
i'm in, it just touched entry price.
  • #1,458
  • Jun 30, 2011 1:48pm Jun 30, 2011 1:48pm
a bit hesitating, but i think it will go higher...
  • #1,459
  • Jun 30, 2011 2:25pm Jun 30, 2011 2:25pm
Listening to some soothing classical music again...i need it.
  • #1,460
  • Jun 30, 2011 2:31pm Jun 30, 2011 2:31pm
yes !! we really need it. the market has been a little tough these few days...i'm also listening to music too....
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