Trades based on Market Geometry and Price Action

i will short eur/usd again at 1.4556 sl=1.4210 tp1=1.3900 tp2=1.3600

shorted gbp/usd at 1.6140 sl 1.6180

sorry stop is 1.6200....market moves too fast

Those trades look great (as usual!) technically.

But also beware of the two unusual news events Friday that could move the USD and EUR massive amounts of pips: Obama speaking about US debt ceiling crisis at 11 am Eastern Time, and European Bank Stress Test results at 12 noon PM Eastern Time (or leaked before then).

i'mconfident in these trades....up +46 pips in aud/usd for now. gbp/usd still hesitating

yes, I too took the AUD short (thanks!). I'm just planning to be out and flat or with huge SL buffer (hopefully at BE or better) before those two unusual news events.

when you see trades like these,you forget immediately about yesterday's losses......sweet

I had a small entry on audusd and eurusd. Movements seem confirmed. I entered short for my 3 pairs already. Up 60+ pips in total now. Dk im really curious how did u identify the reversal that fast yesterday. U mention of reversal when it had yet to happen and it indeed happen within that hour

Btw anyone know exacty how many hours and mins more to go before the news release? I'm working and there's mo Internet in the office darn. Can't check the calenders

don'tbother about coming news...when you see an earlier movement like this on friday, you know you are on the right track...news will only bring in retracmenent,not more...about the reversal,i think markets speak sometimes, and we have to listen to it. prices were nearing a resistance, and candlesticks were reversal patterns, that's why i was suspecting the trend to reverse...

Thanks dk. I will put more effort in understandig reversal now. Without ur signal, I can onli see a reversal when it hits the support before a further fall. great pips today tho haha

for me, i think one of the most important aspect, technical trader should focus on, when they trade is to spot reversal. because insiders are contrarians,and they use fake moves to cash in big pips. So we should always learn to quickly pick us trend reversal, first to earlier get out of winning/losing trades, but also to enter at good prices...

I am able to identify onli after it breaks the pattern / support to constitute a possible reversal. early identification like what u did yesterday when eurusd was at the top, u said there would be a reversal was what i wan to learn as I am onli able to confirm the reversal when it hits 1.418. So I'm really interested in learning how to spot even earlier reversal haha. I have to agree the 2 hourly bar before is telling sign of weak bull as well as start of the new hour candle yesterday. Very nice observation!

o.k i think, if you spend some times in front of the charts, you can see good things. it is also related to experience and currency pair behavior knowledge. that's why i recommend to learn a couple of pairs, like you do and you will be able to read them like a map

and also candlesticks patterns will help too. do you use candle charts ?

DK is that the infamous 5ma ??:nerd:

no...not at all. m.a sometimes and often times are late in identifying the reversal...

3 trades running on aud/usd....

I use candlesticks chart. Do apply the candle behaviour but often neglected that durin my working hours and left my trade running normally with break even as stop loss. The trading application on phone is so limited lol

so you mean,you use your phone to enter trades ?