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Trades based on Market Geometry and Price Action

  • #2,881
  • Jul 29, 2011 1:47am Jul 29, 2011 1:47am
Didn't have a choice haha. Was down too much in profit. So moved sl to the initial one instead of b/e. And yes I'm seeing the marker to go down that's y haha
  • #2,882
  • Jul 29, 2011 1:52am Jul 29, 2011 1:52am
eur/yen is very strong to the down side
  • #2,883
  • Jul 29, 2011 1:54am Jul 29, 2011 1:54am
this week, the market has been so sweet..
  • #2,884
  • Jul 29, 2011 2:11am Jul 29, 2011 2:11am
Haha I screwed up the beginning of the week. But manage to climb back really fast. And yes I'm looking at 109.5 for eurjpy. I am already up 100 pips for eurusd and eurjpy each and 40 for eurcad haha
  • #2,885
  • Jul 29, 2011 2:26am Jul 29, 2011 2:26am
Hi all, this is my cable 4 H chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4 H cable setup.gif Size: 128 KB
  • #2,886
  • Jul 29, 2011 2:45am Jul 29, 2011 2:45am
I saw that. But I tink as well. So I'm skipping that trade. I tink audusd is nicer for me haha
  • #2,887
  • Jul 29, 2011 3:09am Jul 29, 2011 3:09am
Quoting edwinsieng
I saw that. But I tink as well. So I'm skipping that trade. I tink audusd is nicer for me haha
it works quite nice so far.. 4 H channel is broken down now, if the price broke 1.6280 it most probabely continues down to 1.6260 area that is " must reach target" for me.
  • #2,888
  • Jul 29, 2011 3:14am Jul 29, 2011 3:14am
Quoting Tatbat
it works quite nice so far.. 4 H channel is broken down now, if the price broke 1.6280 it most probabely continues down to 1.6260 area that is " must reach target" for me.
( 1.6280 1H 200 EMA)
  • #2,889
  • Jul 29, 2011 3:23am Jul 29, 2011 3:23am
.. nice pips so far...
  • #2,890
  • Jul 29, 2011 3:24am Jul 29, 2011 3:24am
1.6260 are reached and I think I partially close my trades...
  • #2,891
  • Jul 29, 2011 3:25am Jul 29, 2011 3:25am
Big thumbs up on the movement for gbpusd. My audusd is not moving. But I shall maintain my risk management. Won't expose anymore open trades haha. But a very nice spot on gbpusd!
  • #2,892
  • Jul 29, 2011 3:28am Jul 29, 2011 3:28am
Quoting edwinsieng
Big thumbs up on the movement for gbpusd. My audusd is not moving. But I shall maintain my risk management. Won't expose anymore open trades haha. But a very nice spot on gbpusd!
thanks...
  • #2,893
  • Jul 29, 2011 3:49am Jul 29, 2011 3:49am
A fruitful Friday
  • #2,894
  • Jul 29, 2011 4:11am Jul 29, 2011 4:11am
News release in 3 hours and 15 mins time. I might expose a small position instead when the time come. Hopefully another red bat can bring it to tp soon
  • #2,895
  • Jul 29, 2011 4:50am Jul 29, 2011 4:50am
GBP/USD
some thoughts about this pair:

Main move of the month is UP

The 4 H channel was broken down today and still lasts - and if lasts, shows( points ) the price somewhere to the 1.6200 area.

Main move of the day is DOWN

Main move of the week is UP - 1.6260 area was /is again tested some minutes ago - if this area is broken today down , the main move of the week changes to DOWN.

Sometimes when the main move of the day, week changes itīs direction , this change of the direction could be possibly followed by significant move in the direction of the changed move.

But -- today is end of the month and everything can happen.
  • #2,896
  • Jul 29, 2011 5:26am Jul 29, 2011 5:26am
good analysis...let's wait and see
  • #2,897
  • Jul 29, 2011 5:56am Jul 29, 2011 5:56am
up in next 30 min... somewhere to 1.6290-1.6300 area ( IMHO)
Attached Image (click to enlarge)
Click to Enlarge Name: cable 30 min.gif Size: 88 KB
  • #2,898
  • Jul 29, 2011 6:10am Jul 29, 2011 6:10am
Movement already begun
  • #2,899
  • Jul 29, 2011 6:28am Jul 29, 2011 6:28am
Quoting Tatbat
up in next 30 min... somewhere to 1.6290-1.6300 area ( IMHO)

took some pips on this move......
  • #2,900
  • Jul 29, 2011 6:33am Jul 29, 2011 6:33am
Quoting Tatbat
took some pips on this move......

I had limit buy order at 1.6280
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