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Trades based on Market Geometry and Price Action

  • #3,121
  • Aug 8, 2011 8:43am Aug 8, 2011 8:43am
i closed the aud/usd trade
  • #3,122
  • Aug 8, 2011 8:58am Aug 8, 2011 8:58am
imoved stop to 1.4200 on eur/usd to protect my profits
  • #3,123
  • Aug 8, 2011 9:03am Aug 8, 2011 9:03am
You see the last hourly candle on NZDUSD? A wick to the upside/low close. This cndle has high volume (compared to average), which means I still expect NZDUSD to fall.

I have been reading a lot on volume and price action, it tells you a lot about what's going to happen. Better than lagging indicators !
  • #3,124
  • Aug 8, 2011 9:42am Aug 8, 2011 9:42am
wow. it even scares me, that was an immediate drop after the sign of weakness. It doesn't have to go down immediately, that was just a coincidence, although we were waiting for the fall for quite some time.
  • #3,125
  • Aug 8, 2011 9:43am Aug 8, 2011 9:43am
target hit on gbp/usd for +95 pips
  • #3,126
  • Aug 8, 2011 10:11am Aug 8, 2011 10:11am
good profits for both EU and GU pairs. im still on a almost break even for audusd lols
  • #3,127
  • Aug 8, 2011 10:12am Aug 8, 2011 10:12am
please, close all trades now for nice profits...don't need to look for too much
  • #3,128
  • Aug 8, 2011 10:42am Aug 8, 2011 10:42am
im just curious at how stubborn audusd is. despite so many movements a a show of audusd being so weak the last week, this week aud seems to have stood strong. alraedy pocketed very nice pips. haha
  • #3,129
  • Aug 8, 2011 10:57am Aug 8, 2011 10:57am
cashed 138 pips for today...not bad, waiting for the reversal now....
  • #3,130
  • Aug 8, 2011 1:34pm Aug 8, 2011 1:34pm
probably professional buyers accumulating on audusd.
  • #3,131
  • Aug 8, 2011 1:48pm Aug 8, 2011 1:48pm
heading out now..ttyl
  • #3,132
  • Edited 5:18pm Aug 8, 2011 4:20pm | Edited 5:18pm
shorting usdcad: approaching resistance area around 0.972. Should be able to reach .975 at least.

And you can call me crazy.
  • #3,133
  • Aug 8, 2011 8:57pm Aug 8, 2011 8:57pm
up 4% this week so far, guess im makin up for last week...shorted eu us
Attached Image (click to enlarge)
Click to Enlarge Name: euus.gif Size: 32 KB
  • #3,134
  • Edited 9:36pm Aug 8, 2011 9:20pm | Edited 9:36pm
short eur/usd at 1.4145 sl=1.4250 tp1=1.4070 tp2=1.4000
short gbp/usd 1.6260 sl=1.6330 tp1=1.6200 tp2=1.6110
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.usd.gif Size: 17 KB
Click to Enlarge Name: eur.usd.gif Size: 18 KB
  • #3,135
  • Aug 8, 2011 10:14pm Aug 8, 2011 10:14pm
eur/usd is also showing some strengh to the upside. i will buy
eur/usd at 1.4258 sl=1.4120 tp1=1.4380 tp2=1.4480
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd.gif Size: 18 KB
  • #3,136
  • Aug 8, 2011 11:28pm Aug 8, 2011 11:28pm
i tried gold yesterday and i profitted 5000 pips with a unit!!! its so fun to buy gold now hahas. and i tink a movement to either side would be highly possible now. therefore i will take a break till a movement is obvious. but i guess i would prefer it to go down since it is telling me a up movement will come after that.
  • #3,137
  • Aug 9, 2011 12:08am Aug 9, 2011 12:08am
buy gbp/usd at 1.6343 sl=1.6220 tp1=1.6500 tp2=1.6600
  • #3,138
  • Aug 9, 2011 3:13am Aug 9, 2011 3:13am
crazy eur/usd givng some headaches here...the close of this 4 hr candle will tell the truth
  • #3,139
  • Aug 9, 2011 3:22am Aug 9, 2011 3:22am
close eur/usd
  • #3,140
  • Aug 9, 2011 3:27am Aug 9, 2011 3:27am
stop to b e on gbp/usd
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