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Trades based on Market Geometry and Price Action

  • #2,621
  • Jul 21, 2011 10:52pm Jul 21, 2011 10:52pm
Feel free to share your trades and ask for opinions. All of us are doing that as well. Through advice and experiencing it, u will learn even faster
  • #2,622
  • Jul 21, 2011 10:55pm Jul 21, 2011 10:55pm
Dk. I tink with such a big movement and good news, market will still stay strong. So I'm looking at a little more maybe till 1.445 before it goes down a little
  • #2,623
  • Jul 22, 2011 2:31am Jul 22, 2011 2:31am
Quoting edwinsieng
Dk. I tink with such a big movement and good news, market will still stay strong. So I'm looking at a little more maybe till 1.445 before it goes down a little
I agree with you... I also expect 1.445 area good for minor fall....but - anything can happen
  • #2,624
  • Jul 22, 2011 2:38am Jul 22, 2011 2:38am
yes i think you are right too...the real retracement will be sunday-monday
  • #2,625
  • Jul 22, 2011 2:44am Jul 22, 2011 2:44am
Quoting dailyking
yes i think you are right too...the real retracement will be sunday-monday
what do you think.?....1.4440 looks now so far like a nice resistance..I am waiting for hourly close of the candle
  • #2,626
  • Jul 22, 2011 2:46am Jul 22, 2011 2:46am
be careful, there is no movement today. and i don't think, we will have movement because yesterday, people played seriously the market...i'm going to cancel my orders
  • #2,627
  • Jul 22, 2011 2:53am Jul 22, 2011 2:53am
Quoting dailyking
be careful, there is no movement today. and i don't think, we will have movement because yesterday, people played seriously the market...i'm going to cancel my orders
ok..I am not in any trade now,, just watching the charts

DK, what do you think about this chart...could it be 3 touch of the daily upper trendline? If it is so .. I expect some minor movement down ..to 1.4360 area ?
Attached Image (click to enlarge)
Click to Enlarge Name: 3 touch on daily EUR USD.gif Size: 174 KB
  • #2,628
  • Jul 22, 2011 3:02am Jul 22, 2011 3:02am
yes, you are right. it's almost 3 touches...and eur/usd gbp/usd and all the other will make a minor retrace before going up....
  • #2,629
  • Jul 22, 2011 3:08am Jul 22, 2011 3:08am
DK, I īll try to take a small short - after this 15 min candle closes - with SL 1.4440
  • #2,630
  • Edited 3:29am Jul 22, 2011 3:12am | Edited 3:29am
ok not bad...but protect your position
  • #2,631
  • Jul 22, 2011 6:47am Jul 22, 2011 6:47am
have a good weekend guys. i am thinking of a straight bull before market close to reach 1.445 level. it could be that case or might not. i will see to it. might take small positions for some fun
  • #2,632
  • Jul 22, 2011 6:52am Jul 22, 2011 6:52am
Quoting edwinsieng
have a good weekend guys. i am thinking of a straight bull before market close to reach 1.445 level. it could be that case or might not. i will see to it. might take small positions for some fun
*fingers crossed*

price just went down to the 21 EMA on the H1 charts...hopefully it bounces back up (sharply!)
  • #2,633
  • Jul 22, 2011 7:01am Jul 22, 2011 7:01am
main move of the day has changed to down some minutes ago.
  • #2,634
  • Jul 22, 2011 7:06am Jul 22, 2011 7:06am
Quoting Tatbat
main move of the day has changed to down some minutes ago.
( untill new high is formed ) ... I am not sure, but I belive that The daily trendline will hold. There was 3 touch on it.
I could be wrong
  • #2,635
  • Jul 22, 2011 7:10am Jul 22, 2011 7:10am
Quoting Tatbat
( untill new high is formed ) ... I am not sure, but I belive that The daily trendline will hold. There was 3 touch on it.
I could be wrong
anyway.....no longs for me on EUR/USD today
  • #2,636
  • Jul 22, 2011 7:23am Jul 22, 2011 7:23am
depends if 1.4360 will hold. ( old Fibo)

if not - quite possible down movement today
  • #2,637
  • Jul 22, 2011 7:59am Jul 22, 2011 7:59am
Quoting Tatbat
depends if 1.4360 will hold. ( old Fibo)

if not - quite possible down movement today
  • #2,638
  • Jul 22, 2011 8:24am Jul 22, 2011 8:24am
Quoting Tatbat
DK, I īll try to take a small short - after this 15 min candle closes - with SL 1.4440
several pips got on this trade...
  • #2,639
  • Jul 22, 2011 8:29am Jul 22, 2011 8:29am
last several 4 H candles also tell me not to be long on EUR/USD today...
  • #2,640
  • Jul 22, 2011 8:46am Jul 22, 2011 8:46am
now 1.4323 on EUR/USD is tested - 38.20% Fib on my chart..
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