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Trades based on Market Geometry and Price Action

  • #3,141
  • Aug 9, 2011 4:36am Aug 9, 2011 4:36am
finally it moved. a really tough day lols. my gold got faked out LOL
  • #3,142
  • Aug 9, 2011 4:42am Aug 9, 2011 4:42am
Just draw a chart with daily candles on EURUSD, you will see price is going everywhere.
  • #3,143
  • Aug 9, 2011 5:24am Aug 9, 2011 5:24am
i remember this kind of movements will be darn violent later once the market decided on the movement. which i believe the US news later in like 2 hours time will trigger that direction.
  • #3,144
  • Aug 9, 2011 6:15am Aug 9, 2011 6:15am
I also don't look at the news anymore like DK, because all stock markets deep red in Europe and Euro still standing strong. There is no way you can explain the news anymore.
  • #3,145
  • Aug 9, 2011 6:49am Aug 9, 2011 6:49am
it is understood that the news will definitely nowhere to be positive. but many a times, these news are the one that confirms the directions. like sparking a green/red long bar. i have been monitoring this trend like months ago. however, it is not always. it can act as a fakey to take pple out as well before resuming the trend
  • #3,146
  • Aug 9, 2011 7:24am Aug 9, 2011 7:24am
news are fake
  • #3,147
  • Aug 9, 2011 7:52am Aug 9, 2011 7:52am
ranging day..
  • #3,148
  • Aug 9, 2011 7:57am Aug 9, 2011 7:57am
news is just a catalyst , it just gives you a wakeup cal that something is about to happen, not the direction. it used to be bullish when a company announced they were going to lay off personnel and reform, but i have also seen stocks fall over this news.
  • #3,149
  • Aug 9, 2011 8:27am Aug 9, 2011 8:27am
Inverted H&S on EU. I think maybe a bit down on US open and then up !
Shoot !
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h&s.gif Size: 28 KB
  • #3,150
  • Aug 9, 2011 8:42am Aug 9, 2011 8:42am
i will short gbp/usd at 1.6308 sl=1.6421 tp1=1.6227 tp2=1.6200
short eur/usd at 1.4235 sl=1.4300 tp1=1.4115

insiders will cry soon
  • #3,151
  • Aug 9, 2011 8:48am Aug 9, 2011 8:48am
Apparently you do not agree on the inverted HS.

I am just trying to understand, what do you see what makes you so certain ? The insiders are always right, so maybe you are the real insider ;-)
  • #3,152
  • Aug 9, 2011 9:00am Aug 9, 2011 9:00am
nope...i'm not an insider, but i learn a lot the market
  • #3,153
  • Aug 9, 2011 10:55am Aug 9, 2011 10:55am
close the eur/usd trade if you did not do so
  • #3,154
  • Aug 9, 2011 11:00am Aug 9, 2011 11:00am
I know the market too :-)
  • #3,155
  • Aug 9, 2011 11:10am Aug 9, 2011 11:10am
good
  • #3,156
  • Aug 9, 2011 11:11am Aug 9, 2011 11:11am
i grabbed 109 pips on this gbp/usd fall
  • #3,157
  • Aug 9, 2011 11:53am Aug 9, 2011 11:53am
That was a good drop indeed.
  • #3,158
  • Aug 9, 2011 3:48pm Aug 9, 2011 3:48pm
the little thing i don't like in this market is that, sometimes all set ups occur at the same time. But we can not take all of them..like tonight there are beautiful set up with huge moves coming on all pairs...eur/usd, eur/gbp/, eur/yen, gbp/yen aud/usd, nzd/usd....etc...

if they could appear like that one at a time, each and every signle day, our trading would be so easy....
  • #3,159
  • Aug 9, 2011 3:58pm Aug 9, 2011 3:58pm
we will have fun tonight
  • #3,160
  • Aug 9, 2011 8:26pm Aug 9, 2011 8:26pm
short eur/cad at 1.4075 sl=1.475 tp=1.400
Attached Image (click to enlarge)
Click to Enlarge Name: eur.cad.gif Size: 15 KB
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