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Trades based on Market Geometry and Price Action

  • #2,601
  • Jul 21, 2011 3:17pm Jul 21, 2011 3:17pm
Quoting Tatbat
pmo

youīr welcome

I shorted USD/CHF based on this channel...so far 21 pips gained but realy donīt know how this trade will be developing further....
so far so good...
  • #2,602
  • Jul 21, 2011 3:26pm Jul 21, 2011 3:26pm
Quoting Tatbat
so far so good...
trade closed manually
  • #2,603
  • Jul 21, 2011 3:40pm Jul 21, 2011 3:40pm
EU hit SL
  • #2,604
  • Jul 21, 2011 4:05pm Jul 21, 2011 4:05pm
euro surging on greece news. I'm not convinced it's ready for a revival, and will be waiting for another opportunity to get in short.
  • #2,605
  • Jul 21, 2011 5:23pm Jul 21, 2011 5:23pm
Quoting Tatbat
I just want to point out on this pattern forming on EUR/USD Daily.

So far the left side of it shows the broadening triangle already formed.
But -- the right side of it is totally uncompleted so far . Its forming.

Pls, consider possibility , that area around 1.4450 could be formed in several following days. There is possibility that huge daily diamond is forming on daily.
I say - possibility. So far I donīt know if it is true or not, maybe tommorow tells me more.
I repeat - itīs a possibility that Euro/usd shoots up. So--...

ok.....as I expected the left side of this huge diamond on daily has been formed today. We have reached 1.44XX area. IMHO this big pattern is not yet fully formed (but I can be wrong - and in that case we possibly shoot up tommorrow.)

What I expect for tommorrow or next following days:

1. Eur/usd may fall down from this area as far as 1.4175 - 1.4200 area.
2. I donīt expect that tommorrow will be brake out through 1.4450 (But we can of course)
3. if there is break out of the upper trendline we with quite a good possibility will go up, up,up.
4. if there is a break out of lower TL, we go down.
5. Donīt consider this analyse ,please, as a way how to trade in following days , I could be totally wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: DAILY DIAMOND FORMING EUR USD.gif Size: 152 KB
  • #2,606
  • Jul 21, 2011 5:30pm Jul 21, 2011 5:30pm
Quoting Tatbat
ok.....as I expected the left side of this huge diamond on daily has been formed today. We have reached 1.44XX area. IMHO this big pattern is not yet fully formed (but I can be wrong - and in that case we possibly shoot up tommorrow.)

What I expect for tommorrow or next following days:

1. Eur/usd may fall down from this area as far as 1.4175 - 1.4200 area.
2. I donīt expect that tommorrow will be brake out through 1.4450 (But we can of course)
3. [u]if there is break out of the upper trendline we with quite a good possibility will...
sorry for typo...right side of this d was formed today...
  • #2,607
  • Jul 21, 2011 6:00pm Jul 21, 2011 6:00pm
looks like an amazing week, my account keeps growing...havent been posting much just following...i sent you an email dk
  • #2,608
  • Jul 21, 2011 6:28pm Jul 21, 2011 6:28pm
Quoting pmo
Did anyone else take the gartley?

Stop at BE already
I had an order right on that TL , hope it wont brake through .
  • #2,609
  • Jul 21, 2011 8:00pm Jul 21, 2011 8:00pm
Quoting monguito
I had an order right on that TL , hope it wont brake through .
Cancel that ,,,, .

If we simply invert the USDINDEX chart up side down , we get an exact EUR/USD chart ,,,,,, which broke the TL ( bottom TL in case of USINDEX) .
I will be very ready for a big brake up for the EU .
  • #2,610
  • Jul 21, 2011 8:04pm Jul 21, 2011 8:04pm
i'm expecting eur/usd and eur/gbp to make a final up leg before the fall ur talikng about...
  • #2,611
  • Jul 21, 2011 8:18pm Jul 21, 2011 8:18pm
Quoting dailyking
i'm expecting eur/usd and eur/gbp to make a final up leg before the fall ur talikng about...
Do you think EU is going to finaly fall ? Cause it seems USINDEX is retesting the broken TL to go farther south , but EU has not yet broken the upper TL .
If the EU will follow the index then it has to brake the upper TL to go farther north .
  • #2,612
  • Jul 21, 2011 8:46pm Jul 21, 2011 8:46pm
By the way , E/G is a clear inverted head and shoulders . Shampoo bubble going up .
  • #2,613
  • Jul 21, 2011 9:32pm Jul 21, 2011 9:32pm
because of the upside resistance, i will stay out of eur/gbp, and concentrate on eur/usd
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gbp.gif Size: 19 KB
  • #2,614
  • Jul 21, 2011 9:37pm Jul 21, 2011 9:37pm
i will take 2 trades on eur/usd
  • #2,615
  • Jul 21, 2011 9:43pm Jul 21, 2011 9:43pm
Quoting dailyking
i will take 2 trades on eur/usd
hi i am new member in forums. just come to know your thread.
i am trading for last six months. work out not good.
i am interested to learn about market movement study and Price action trading.
i hope by joining this thread i can become a better trader and learn from your experience.
  • #2,616
  • Jul 21, 2011 9:46pm Jul 21, 2011 9:46pm
Taken 3 longs on my pairs again. Today is Friday and with low volatility, close monitoring would be the easiest way to get in and out of market. Sometimes I just hate how those stop loss takers are doing. I need to reform another formula to prevent them from doing so!!
  • #2,617
  • Jul 21, 2011 9:49pm Jul 21, 2011 9:49pm
Hi amarz. Seems like we joined the forum the same time haha
  • #2,618
  • Jul 21, 2011 9:54pm Jul 21, 2011 9:54pm
Quoting edwinsieng
Hi amarz. Seems like we joined the forum the same time haha
I joined the Forums yesterday, forex factory ECONOMICAL CALENDAR was the first reason to become the member of site in the first place in jun.

Nice to meet you.
  • #2,619
  • Jul 21, 2011 9:57pm Jul 21, 2011 9:57pm
welcome...it will take you some time and hard work to make it. but definitely, you can make it
  • #2,620
  • Jul 21, 2011 10:07pm Jul 21, 2011 10:07pm
first trade on eur/uysd . buy eur/usd at 1.4287 sl=1.4138 tp1=1.4337 tp2=1.4367 tp3=1.4410
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd.gif Size: 16 KB
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