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Trades based on Market Geometry and Price Action

  • #1,901
  • Jul 11, 2011 9:29pm Jul 11, 2011 9:29pm
mostly eur/gbp...this currency is breathless. gbp/usd and eur/usd will continue a bit...before the reverse
  • #1,902
  • Jul 11, 2011 9:33pm Jul 11, 2011 9:33pm
Hmmm ok thanks. But just to take note that there are 3 trade balances today. Might have great impact like the gbp trade balance 1 and a half month ago where 100 pips in an hourly bar was seen
  • #1,903
  • Jul 11, 2011 9:34pm Jul 11, 2011 9:34pm
what do u mean by trade balance ?
  • #1,904
  • Jul 11, 2011 9:40pm Jul 11, 2011 9:40pm
Quoting dailyking
what do u mean by trade balance ?
gbp trade balance in a few hours, cpi release will probably have more of an impact, but they come out at the same time...more fuel
  • #1,905
  • Jul 11, 2011 9:40pm Jul 11, 2011 9:40pm
ok let's see
  • #1,906
  • Jul 11, 2011 9:41pm Jul 11, 2011 9:41pm
Erm balance of trade.
  • #1,907
  • Jul 11, 2011 10:01pm Jul 11, 2011 10:01pm
i don't know this stuff erm balance
  • #1,908
  • Jul 11, 2011 11:00pm Jul 11, 2011 11:00pm
Quoting dailyking
i don't know this stuff erm balance
I like your attitude toward fundamentals and news hhahaha .
What ????? what news ????? what is that ?????
  • #1,909
  • Jul 11, 2011 11:11pm Jul 11, 2011 11:11pm
short chf/yen at 95.50 sl=96.72 tp1=94.50 tp2=93.72
Attached Image (click to enlarge)
Click to Enlarge Name: chf.yen.gif Size: 19 KB
  • #1,910
  • Jul 11, 2011 11:17pm Jul 11, 2011 11:17pm
Haha yep! Respected the pure ta adopted by dk. I'm trying to integrate Fa with ta as one to make a stronger call so Im trying to get myself updated with it. Anyway, 4 hours and 10 mins to first trade balance. Just beware of the fake breakout of movements
  • #1,911
  • Jul 11, 2011 11:17pm Jul 11, 2011 11:17pm
i don't care about fundamentals...
  • #1,912
  • Jul 11, 2011 11:37pm Jul 11, 2011 11:37pm
GBPJPY 127.050 has been reached , cooking up for some jump ups .
  • #1,913
  • Jul 11, 2011 11:52pm Jul 11, 2011 11:52pm
the trend is still strong to the down side
  • #1,914
  • Jul 11, 2011 11:55pm Jul 11, 2011 11:55pm
Well , in a wider term , the lehman shock which caused most of the charts go south , IT boom to go north , greek crisis to go south are all FAs which took directions , so I think it mostnt be ignored . But with TAs you just go were ever the chart says , so no big deal .
There are many traders who stay out on news , enter when trend is formed .
  • #1,915
  • Jul 12, 2011 12:05am Jul 12, 2011 12:05am
Quoting dailyking
the trend is still strong to the down side
Yes , but the 30m macd is marking higher lows so im pocketing the trade from 127.394 and will wait till long is confirmed . I wont short no more .
  • #1,916
  • Jul 12, 2011 12:07am Jul 12, 2011 12:07am
i'm going to make millions of dollars on the chf/yen trade. the currency is giving 2 beautiful set up for the same down movement, i'm sure will start soon...
  • #1,917
  • Jul 12, 2011 12:14am Jul 12, 2011 12:14am
Quoting dailyking
i'm going to make millions of dollars on the chf/yen trade. the currency is giving 2 beautiful set up for the same down movement, i'm sure will start soon...
  • #1,918
  • Jul 12, 2011 12:21am Jul 12, 2011 12:21am
just keep focus, and you will see. we are in a big down trend on European currencies
  • #1,919
  • Jul 12, 2011 12:27am Jul 12, 2011 12:27am
Quoting dailyking
just keep focus, and you will see. we are in a big down trend on European currencies
I will enter when TL is broken with smaller SL ,,, above 61.8 fib is too wide for me .
  • #1,920
  • Jul 12, 2011 12:31am Jul 12, 2011 12:31am
yes you are right. i can enter with small stop loss, but i need a clear pattern that protects it...this is what i'm waiting for now
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