Trades based on Market Geometry and Price Action | Page 95 | Forex Factory

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Trades based on Market Geometry and Price Action

  • #1,881
  • Jul 11, 2011 2:32pm Jul 11, 2011 2:32pm
just took half profit on both remaining trades on aud/usd...gbp/usd took me at break even...+45 +35 pips..i know it will go down further...but just to book some profits
  • #1,882
  • Jul 11, 2011 3:30pm Jul 11, 2011 3:30pm
DK, pls tell me how to PM to somebody
  • #1,883
  • Jul 11, 2011 3:36pm Jul 11, 2011 3:36pm
just click on the name of the person...a box will appear, and you click on send private message. and then, write your message and click send..
  • #1,884
  • Jul 11, 2011 3:43pm Jul 11, 2011 3:43pm
Quoting dailyking
just click on the name of the person...a box will appear, and you click on send private message. and then, write your message and click send..
thanks
  • #1,885
  • Jul 11, 2011 3:46pm Jul 11, 2011 3:46pm
you are welcome
  • #1,886
  • Jul 11, 2011 3:51pm Jul 11, 2011 3:51pm
I think this 15 min pattern on cable is interesting ....
Attached Image (click to enlarge)
Click to Enlarge Name: cable 15 min wedge.gif Size: 109 KB
  • #1,887
  • Jul 11, 2011 3:54pm Jul 11, 2011 3:54pm
it's better not to take trades now. the market closes in 5 min...just wait a period of real liquidity, and double your position if you want...
  • #1,888
  • Jul 11, 2011 3:56pm Jul 11, 2011 3:56pm
i will short nzd/usd tonight may be at the London session
  • #1,889
  • Jul 11, 2011 4:03pm Jul 11, 2011 4:03pm
Quoting dailyking
it's better not to take trades now. the market closes in 5 min...just wait a period of real liquidity, and double your position if you want...
yes you are right ... as a matter of fact cable dissapointed me today,
on the other hand I have already used to the fact that cable sometimes makes such wild and unpredictable movements that one is just staring and wondering what´s going on the market....
  • #1,890
  • Jul 11, 2011 4:06pm Jul 11, 2011 4:06pm
i see what you mean...but cable is in a short mode..don't worry, better trades to come tonight
  • #1,891
  • Jul 11, 2011 4:47pm Jul 11, 2011 4:47pm
i closed 1 trade on the aud/usd, and took more profit on the remaining second trade. the retracement tonight will give another entry...just left a small part, in case...
  • #1,892
  • Jul 11, 2011 5:42pm Jul 11, 2011 5:42pm
you think eu gb will move down again dk?
  • #1,893
  • Jul 11, 2011 6:51pm Jul 11, 2011 6:51pm
Quoting edwinsieng
it will be fine to diversify your risk. but do remember to exercise risk management for your portfolio. i tried up to 9 pairs in the past when i just get to know of this thread and entered many of my own pairs and pairs provided by DK. but soon i realise it would be better to scale down to several pairs that your are familiar with, trade and observe them and enter only when needed. this will allow you to be more confident of your trades and identify easier the fakey or reversal given the your experience of the pair. Although i am still working on...
...i risk a half a percent per trade and target 1 percent and never allow more then 10 trades open at once, so it works out to a maximum 5% open risk...since i have more of a set and forget style im able to handle having that many open at once...i may start closing out positions after x amount of time but i need to see some reason in my performance stats to do that
  • #1,894
  • Jul 11, 2011 8:33pm Jul 11, 2011 8:33pm
eur/gbp will go down...but may be this will be the last movement before the reversal for the retracement
  • #1,895
  • Jul 11, 2011 8:43pm Jul 11, 2011 8:43pm
short gbp/chf at 1.3245 sl=1.3330 tp1=1.3150 tp2=13010
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.chf.gif Size: 11 KB
  • #1,896
  • Jul 11, 2011 9:05pm Jul 11, 2011 9:05pm
I'm done with all my trades. Made a whole lot from yesterday. Will see movement today. Btw both eurusd and Gbpusd are at a whole number and also a major support in H4 chart. 1.6 and 1.4 respectively. A constant break will onli then give me a confirmation that they are going down down down
  • #1,897
  • Jul 11, 2011 9:09pm Jul 11, 2011 9:09pm
Quoting edwinsieng
I'm done with all my trades. Made a whole lot from yesterday. Will see movement today. Btw both eurusd and Gbpusd are at a whole number and also a major support in H4 chart. 1.6 and 1.4 respectively. A constant break will onli then give me a confirmation that they are going down down down

Dun bother bout previous post. Movement came immediately after my post lol. Shall look more into bear. Btw typo for previous post. It shld be audusd at 1.06 major level instead of gbpusd
  • #1,898
  • Jul 11, 2011 9:10pm Jul 11, 2011 9:10pm
remaining aud/usd trade closed for 115 pips
  • #1,899
  • Jul 11, 2011 9:11pm Jul 11, 2011 9:11pm
Quoting dailyking
eur/gbp will go down...but may be this will be the last movement before the reversal for the retracement
just closed profits on eu gb, trying to short au jp at the moment...was stopped out on nz us long now its telling me to look for a shorts
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 23 KB
  • #1,900
  • Jul 11, 2011 9:23pm Jul 11, 2011 9:23pm
I'm seeing big long red bars for eurgbp, eurusd and gbpusd. Dk, normally the movements will continue for a little while more right?
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