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Trades based on Market Geometry and Price Action

  • #1,741
  • Jul 8, 2011 7:34am Jul 8, 2011 7:34am
i don't think eur/yen will go up again...us index is showing strength. later i could close me eur/usd trade
  • #1,742
  • Jul 8, 2011 7:36am Jul 8, 2011 7:36am
Quoting dailyking
eur/gbp is makinga beautiful set up for next week
yes... and shame to me I didnīt trade it today...there was a really nice set up and I missed it totaly.
  • #1,743
  • Jul 8, 2011 7:38am Jul 8, 2011 7:38am
i moved my stop to brek even ongbp/usd. gbp/chf could reverse
  • #1,744
  • Jul 8, 2011 7:54am Jul 8, 2011 7:54am
Quoting Tatbat
closed euro now.....donīī t like the price action

...do you see what euro did?....
  • #1,745
  • Jul 8, 2011 7:59am Jul 8, 2011 7:59am
Quoting Tatbat
...do you see what euro did?....

DK, what do you think about this price action on eur/usd ?Really don īt know what to think about it.
  • #1,746
  • Jul 8, 2011 8:01am Jul 8, 2011 8:01am
i will close my eur/usd trade...done for the day i closed my long
  • #1,747
  • Jul 8, 2011 8:05am Jul 8, 2011 8:05am
Seems like the market is determine to close at the lowest! Out of eurusd with break even and 40 pips for gbpusd. Still a happy trade =)
  • #1,748
  • Jul 8, 2011 8:05am Jul 8, 2011 8:05am
i closed cable and done for today I think.
  • #1,749
  • Jul 8, 2011 8:07am Jul 8, 2011 8:07am
Quoting edwinsieng
Seems like the market is determine to close at the lowest! Out of eurusd with break even and 40 pips for gbpusd. Still a happy trade =)
well done
  • #1,750
  • Jul 8, 2011 8:07am Jul 8, 2011 8:07am
eur/usd did the reversal because of the dollar index going up
Attached Image (click to enlarge)
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  • #1,751
  • Jul 8, 2011 8:15am Jul 8, 2011 8:15am
weird...eur/usd falled like a rock and usd/chf is still falling too.
  • #1,752
  • Jul 8, 2011 8:29am Jul 8, 2011 8:29am
I have little emotion sice cable is going down.

Our close is above 1.6100
  • #1,753
  • Jul 8, 2011 11:07am Jul 8, 2011 11:07am
news didnt help my trades at all lastnite...uj turned hard on me and took me out...gb us popped too, im up 2% for the week tho so its not all bad...im thinkn about a % trail stop because uj was around 75% into profit then turned ,gb us was 50% into profit
  • #1,754
  • Jul 8, 2011 12:49pm Jul 8, 2011 12:49pm
This really hurt me. I still remember I said GBPCHF was to go down this week and next week it would go up. Today it went up for a brrief moment, so both DK and I were right. The market is always right. All my trades of today are in a big minus, but I'm holding on to each and every one of them, cause I hate losing. Next week I will take revenge and close all of them in profit. Today's market reaction was totally the wrong way. For chart painting purposes it had to close down, but next week: EU EY GCand GU will be up. Otherwise I'll eat my hat.
A little bit frustrated: yes
  • #1,755
  • Jul 8, 2011 1:11pm Jul 8, 2011 1:11pm
Quoting sugarbelly
This really hurt me. I still remember I said GBPCHF was to go down this week and next week it would go up. Today it went up for a brrief moment, so both DK and I were right. The market is always right. All my trades of today are in a big minus, but I'm holding on to each and every one of them, cause I hate losing. Next week I will take revenge and close all of them in profit. Today's market reaction was totally the wrong way. For chart painting purposes it had to close down, but next week: EU EY GCand GU will be up. Otherwise I'll eat my hat.
A...
I understand your feelings, believe me, I was many, many times in such a mess and minus in this bussiness that I thought I couldīnt withstand any more. Next week surely brings new opportunities for us and green pips also.

IMHO cable will go up next week . I donīt have any opinion concerning eur/usd. Nice weekend to you.
  • #1,756
  • Jul 8, 2011 1:14pm Jul 8, 2011 1:14pm
Same to you Tatbat and all others, we had some fun this week !
It was a little bit annoying today, cause I was sailing with friends when the news came out and I didn't have a chance to run for cover otherwise it wouldn't have been such a mess in my account.

And remember: if you made a profit: go buy a nice bunch of flowers for a beautiful lady, whether it is your wife or mistress...or both
  • #1,757
  • Jul 8, 2011 5:19pm Jul 8, 2011 5:19pm
I noticed AU EU GU CJ AJ all had H4 MACD diversions building up prior to news , only traded GU long CJ short AJ short , but the point is , the news just filled the diversion gaps on these pairs , then showed us were the bottom TL is for next week .

Seems contradictory but for me , fear of losing profits and confidence of gained profits is my enemy for trading .
We have to forget the losses , withstand the pressure of big profits .

Sugarbelly , I know you make dead accurate calls both on cycles and geometry , but if you start revenging the market , you will start triggering unnecessary trades ( like me ) .

Just forget the losses , analyze what was wrong, and if necessary change the system if it doesnt work .

Just a 2c from a noob .
  • #1,758
  • Jul 9, 2011 2:27am Jul 9, 2011 2:27am
My mistake was mixing up two systems. On GBPCHF we now have three pin bars in a row and I'm on the wrong side....
  • #1,759
  • Edited 10:53pm Jul 9, 2011 7:17pm | Edited 10:53pm
think i will buy to start off next week
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  • #1,760
  • Jul 10, 2011 1:54am Jul 10, 2011 1:54am
weird... my 4H CHF/JPY looks quite differently
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