yes i know...eur/usd did not test its 50%. and on top of that there is a big range up on the 4hr..that's why i saty out till the break..in the mean time eur/yen and gbp/yen and aud/usd are giving good set ups 
Trades based on Market Geometry and Price Action
- #3,802
- Feb 6, 2012 3:51am Feb 6, 2012 3:51am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Thanks daily.. that was good. It is okay if I was wrong, it does happen, but my problem is that if I miss my entry, than I am lost, LOL. I appreciate your post and sorry I did not see it sooner, but lots of traveling at the moment. I think I will stop by and post charts more often. Maybe I can learn something from yo !
As it turns out, my short would have triggered, but I was on the road and I did not get to set it. See, also with my short I would have closed any longs, which in this case there wasn't any open, but there could have been. Thanks again for your input and I will stop back!
Dust
As it turns out, my short would have triggered, but I was on the road and I did not get to set it. See, also with my short I would have closed any longs, which in this case there wasn't any open, but there could have been. Thanks again for your input and I will stop back!
Dust
hi Damonl,
the pin bar at the farthest rectangle is a valid one, and the lower high also valid. But they have no strength in the market now, because the monthly is stronger than the 4hr. And if you are going short, you have to be careful because, the power of the monthly chart going up will surely break out to the upside. For now, when you look at the daily, you see the market is consolidating, so it could break the upside, before starting the retracement.
if you are right, and you are too early, then you are wrong..there is a daily resistance up...
"Keep your eyes on the helpers" - Mr. Rogers
- #3,803
- Feb 6, 2012 3:53am Feb 6, 2012 3:53am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #3,811
- Feb 9, 2012 8:25pm Feb 9, 2012 8:25pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
If I had been paying attention, which I wasn't, my audusd short would have been at 1.0780. By the time I saw it, price was 50 pips beyod it, and so I thought I would wait for a pull back that happens when I am more prepared 
.
My setup has not yet triggered me for a short yet in gbpusd. In fact, I am not even set-up for that trade yet, but I am waiting for if it comes. I think I will spend some more time getting some work done and seeing what happens next.
.My setup has not yet triggered me for a short yet in gbpusd. In fact, I am not even set-up for that trade yet, but I am waiting for if it comes. I think I will spend some more time getting some work done and seeing what happens next.
"Keep your eyes on the helpers" - Mr. Rogers
- #3,813
- Feb 9, 2012 9:05pm Feb 9, 2012 9:05pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
