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Trades based on Market Geometry and Price Action

  • #2,281
  • Jul 18, 2011 4:41am Jul 18, 2011 4:41am
remember to always check the gaps on sunday evening/monday, basically it's free money, you just have to collect it.
  • #2,282
  • Jul 18, 2011 4:50am Jul 18, 2011 4:50am
Quoting sugarbelly
Quick pips:
Look at gap on EURCHF, buy now TP 1,14916
Great call there Sugarbelly - looks like you nailed it within 1 pip! Congrats and thanks!

Do you also think the gap on EUR/USD will be filled soon too? That is a smaller gap, but less retrace needed to fill it than what just happened on the EUR/CHF.
  • #2,283
  • Jul 18, 2011 5:13am Jul 18, 2011 5:13am
Wouldn't bet my money on that one, because it is a smaller gap AND price went much lower on the friday before. I prefer to see the gap on Daily 4Hr and 1HR.
  • #2,284
  • Jul 18, 2011 5:14am Jul 18, 2011 5:14am
Oh, and the price on the EURCHF will still go up according my platform to completely shut the gap.
  • #2,285
  • Jul 18, 2011 5:15am Jul 18, 2011 5:15am
Quoting sugarbelly
Wouldn't bet my money on that one, because it is a smaller gap AND price went much lower on the friday before. I prefer to see the gap on Daily 4Hr and 1HR.
thanks for the helpful points (and the pips!)
  • #2,286
  • Jul 18, 2011 6:19am Jul 18, 2011 6:19am
hi all

why not crowdy today??
  • #2,287
  • Jul 18, 2011 6:23am Jul 18, 2011 6:23am
Quoting saplay
hi all

why not crowdy today??
Volume is normally a bit lower on Mondays. Also, there's a bank holiday in Japan so that may have had an effect too.
  • #2,288
  • Jul 18, 2011 8:57am Jul 18, 2011 8:57am
Obviously EURCHF trade is closed now for a quick 50 pips.
  • #2,289
  • Jul 18, 2011 9:24am Jul 18, 2011 9:24am
you should enjoy your gbp/usd trade now with this +31 pips profits..after so many hours of hesitations till a -35 pips down...you know what, next time, i will call insiders to make it fall a bit quicker to avoid useless stress...
  • #2,290
  • Jul 18, 2011 9:58am Jul 18, 2011 9:58am
The maestro has spoken.
  • #2,291
  • Jul 18, 2011 11:30am Jul 18, 2011 11:30am
markets sometimes tease us
  • #2,292
  • Jul 18, 2011 12:39pm Jul 18, 2011 12:39pm
haha seems like i missed something today. When u cant trade in the market to win, dun bother. just get back to the darn job ! im losing interest in my work now darn !!! lols.. trading is just too exciting
  • #2,293
  • Jul 18, 2011 12:58pm Jul 18, 2011 12:58pm
yep. that's good, but build strong confidence first and sound system in the market before any decision...
  • #2,294
  • Jul 18, 2011 1:00pm Jul 18, 2011 1:00pm
Market is definitely in a period of uncertainty at the moment. Nevertheless, against the smart choice of staying on the sidelines, I've placed a couple very small tester positions. Hopefully things will have a clear direction by weeks end.
  • #2,295
  • Jul 18, 2011 1:44pm Jul 18, 2011 1:44pm
yep...let's hope
  • #2,296
  • Jul 18, 2011 2:19pm Jul 18, 2011 2:19pm
One day late is good enough for me. Let's see if this trend line breaks, or if I should cover to BE. Will look to add on should it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp target.gif Size: 21 KB
  • #2,297
  • Jul 18, 2011 2:32pm Jul 18, 2011 2:32pm
i book some profit on eur/usd
  • #2,298
  • Jul 18, 2011 2:33pm Jul 18, 2011 2:33pm
Quoting dailyking
i book some profit on eur/usd
Ya, I closed out my earlier shorts on EU, will wait for move up to re short.
  • #2,299
  • Jul 18, 2011 2:40pm Jul 18, 2011 2:40pm
please., close all eur/usd trades
  • #2,300
  • Jul 18, 2011 2:41pm Jul 18, 2011 2:41pm
and take a good part of your profit on gbp/usd plus move stop to break even
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