Trades based on Market Geometry and Price Action

Hope this will work for EURJPY: You clearly see the impulse down, which is to correct. Question now is how far it will go up (50% or 61.8 or even higher).

I see some divergence in development with the TRIX indicator (old thing I found somewhere between all the indicators).

on the weekly chart,the aud.usd looks quite strong,with its trend line fully respected and its strong bullish candle. but the pair is showing signs of weakness. a closer look on the 4hr chart gives us an idea of its breathless up movement...i will short it tonight

double top on the 4hr aud/usd. there is room for downside movement, in case pivots are broken...

nice diversions too . Ill do that too .
God you guys are hardcore traders , thats why I love your journal DK!

down trend continuation on eur/chf. Last week was a fake move up, and now price reversed to resume the down trend..

Do you think the 1.0550 TL should be tested ?

yes, it can be tested. and price can even break it...let's wait and see

down trend continuation on eur/cad

beginning of a down trend movement on eur/gbp

my EUR/USD daily chart

my GBP/USD Daily chart

- if the upper TL is broken, then 1.6300-6340 is not unpossible to reach

eur/usd is also at the beginning of a down trend. A break of the support could trigger some long term down movement

eur/usd down movement still going on...

it seems like that....I am waiting the fourth touch on daily ( my red trendline on my Daily chart), if it breaks..... lets wait and see

let's wait and see

actually I intend to be short and I am not going to wait until the 4 touch.. the problem now is where to open my short... Monday,maybe Tuesday decide...

hey guys. I cant really see any confirmed movements until the market opens. audusd could possibly go down while eurusd and eurgbp will be bullish on my stand for now. but i guess it would be better to make a decision only after seeing the movements from the market later. btw sugarbelly. try to maintain a healthy risk on ur portfolio. sometimes a trade can really kill you and only by then when u decide to release, the market went back your direction. by then, you wouldve a huge loss then to cover back and it wont be easy. i encountered it during the eurgbp when it went from 0.889 all the way to 0.905. i had a huge loss, stopped the trade, and it went back down all the way to 0.888 now. just try to let it go sometimes when it hit ur first level of risk. find another entry then. you wont wanna end up like me, having down a few % in just a trade within 3 days.

btw, i manage to cover the loss through 3 days of successful trade from the last 3 trading days so if i dropped eurgbp trade at my first sl @ 0.895, i wouldve made profit now. but still, get over with the previous trade, always look forward to the next winning trade =)

I just hate to see my 90% success rate go down the drain. Tonight I will see what I'm going to do, I aim for a bit of retracement and then let go at less loss. Any thoughts form DK on GBPCHF or EURJPY? They both seem dead in the water at the moment, difficult situation.

Here are a few charts with respect to trend on GBPCHF, especially the daily is interesting, since GBPCHF is in such a long downtrend, it might turn here. blue arrow is sell, yellow area is buy. 4HR is around zero, which means neutral trend but might turn up which is good for me to get out, you see at what stupid place my buy order is. Don't worry I made enough on this pair friday since I played it all sides and with multiple orders.

for the moment, the pairs that are giving clear good patterns and signals are eur/chf short, and eur/cad short. but we need to wait for retracement, before taking these trades. in the mean time gbp/usd is setting for a long...but more confirmation needed