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Trades based on Market Geometry and Price Action

  • #2,061
  • Jul 13, 2011 8:15am Jul 13, 2011 8:15am
Quoting dailyking
i fhink today, i won't have good trding opportunity. i missed a couple of long on aud/usd and nzd/usd when sleeping
went long on nz us earlier, floating on half a percent profit at the moment
  • #2,062
  • Jul 13, 2011 8:21am Jul 13, 2011 8:21am
i wanted to take both aud/usd and nzd/usd long, but i went to sleep and woke up late, too late...
  • #2,063
  • Jul 13, 2011 8:26am Jul 13, 2011 8:26am
Quoting dailyking
i wanted to take both aud/usd and nzd/usd long, but i went to sleep and woke up late, too late...
looks like silver would of been a nice one too...i missed out on a us/ch short, would of brought me to break even for the day...bernanke is going to speak in a half hour or so, you know he'll create some volatility lol
  • #2,064
  • Jul 13, 2011 8:39am Jul 13, 2011 8:39am
One more try: I was drawing this and suddenly it shoots up. Hopefully just another long wck and nothing else.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 18 KB
  • #2,065
  • Jul 13, 2011 8:44am Jul 13, 2011 8:44am
And Weekly and Daily with the 61.8 level which in my humble opinion will be touched.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy-daily.gif Size: 22 KB
Click to Enlarge Name: chfjpy-weekly.gif Size: 23 KB
  • #2,066
  • Jul 13, 2011 9:03am Jul 13, 2011 9:03am
i have put this pair on a bad list...they will be better trades tonight...eur/gbp,eur/usd
  • #2,067
  • Jul 13, 2011 9:08am Jul 13, 2011 9:08am
Yes but still, it's still a valid scenario Not?
  • #2,068
  • Jul 13, 2011 9:39am Jul 13, 2011 9:39am
Quoting sugarbelly
One more try: I was drawing this and suddenly it shoots up. Hopefully just another long wck and nothing else.
from the looks of this chart it probably would of been a better short at the UTL...im still holding shorts on ch jp, was almost taken out with that last move up but hopefully theres sellers right below my stop
  • #2,069
  • Jul 13, 2011 9:45am Jul 13, 2011 9:45am
Quoting Tatbat
long EUR/USD TP 4150 SL 1400

target hit !!

..and I was so stupit that I diddn´t follow my own chart, closed it prematurely! and entered again couple minutes ago to take some only 20 pips!!
Always stick to your trading plan!!!
  • #2,070
  • Jul 13, 2011 9:45am Jul 13, 2011 9:45am
almost hit targets on nz us
  • #2,071
  • Jul 13, 2011 9:45am Jul 13, 2011 9:45am
yes this scenario is valid....but, you need to be careful because, if the daily closes with this pin bar, that has been started on the 4hr with such a strong rejection, chances are the high will be taken out. this is my humble opinion. the way this currency is behaving now surprises me
  • #2,072
  • Jul 13, 2011 9:47am Jul 13, 2011 9:47am
strong rejection
Attached Image (click to enlarge)
Click to Enlarge Name: chf.yen.gif Size: 16 KB
  • #2,073
  • Jul 13, 2011 9:50am Jul 13, 2011 9:50am
And yet another example that news doesn't do a thing: Bernanke just said that fiscal plan could lead to interest rates, which would be beneficial for the Dollar, but eu and gu still up.
  • #2,074
  • Jul 13, 2011 9:52am Jul 13, 2011 9:52am
It can also been seen as some sort of strange jolt or tick which could also lead to the case that the market points out where it wants to go. The strange short term downburst almost seems like a mistake of some sort. It can be both: your explanation and mine. I've seen it many times already.
  • #2,075
  • Jul 13, 2011 9:55am Jul 13, 2011 9:55am
Quoting sugarbelly
It can also been seen as some sort of strange jolt or tick which could also lead to the case that the market points out where it wants to go. The strange short term downburst almost seems like a mistake of some sort. It can be both: your explanation and mine. I've seen it many times already.
hmmm..maybe the market doesn´t belive so much to what what Mr. B has said....
  • #2,076
  • Jul 13, 2011 10:00am Jul 13, 2011 10:00am
take a look at the daily pin bar of yesterday. direction was clear...don't waste time reading news..they knew that already....both gbp/usd and eur/usd were suggesting long..i hate having missed the eur/usd..but tonight i will see
  • #2,077
  • Jul 13, 2011 10:10am Jul 13, 2011 10:10am
here´s the chart of GBP/CHF 4 H

there´s a divergence (bullish) on MACD histogram

1.3425 -50 is not unreal to rech in following days ( IMHO)
Attached Image (click to enlarge)
Click to Enlarge Name: GBP CHF 4 h.gif Size: 107 KB
  • #2,078
  • Jul 13, 2011 10:44am Jul 13, 2011 10:44am
Finally closed my trade with tons of profit again. I'm loving this market!!!! Btw, an obvious retracement was in the place. Y didn't u guys longed eurusd, gbpusd and audusd?
  • #2,079
  • Jul 13, 2011 11:10am Jul 13, 2011 11:10am
Quoting edwinsieng
Finally closed my trade with tons of profit again. I'm loving this market!!!! Btw, an obvious retracement was in the place. Y didn't u guys longed eurusd, gbpusd and audusd?
Nice ! and nop , I was not in those trades , obvious retracements ,,,,.
Will try to short eu .
AU seems interesting , if it brakes the double top the off to 1.10 , if not will short again .
  • #2,080
  • Jul 13, 2011 11:14am Jul 13, 2011 11:14am
GU the beast doing it again . Wasnt in the trade but love the pair .
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