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Trades based on Market Geometry and Price Action

  • #4,001
  • Apr 30, 2012 5:20am Apr 30, 2012 5:20am
Quoting Tatbat
EUR USD 4 H chart



Broadening triangle on 4H is forming.

there was third touch at the orange line with the break through it but price went beneath the line again.

I expect fall to 1.3210 area at least today.

Anyway - sudden pullback to 1.3270-80 area is still on the table.

Last 4H red Doji says to me that movement beneath 1.3230 area is quite possible .

4H divergence on MACD is already confirmed and shows even lower than 1.3210 .

Good luck to your trades.

1.3210 nearly reached - take care now
  • #4,002
  • Apr 30, 2012 9:21am Apr 30, 2012 9:21am
hi tat bat, nice analysis. i agree eurusd peaking at 1.327 is a good indication of down move. but in any case, watch for a sudden spike above 1.33 in case.
  • #4,003
  • Apr 30, 2012 10:19am Apr 30, 2012 10:19am
Quoting edwinsieng
hi tat bat, nice analysis. i agree eurusd peaking at 1.327 is a good indication of down move. but in any case, watch for a sudden spike above 1.33 in case.
hi ed

I closed my short trades at 1.3220. I am short now again but with very tight stop as I also expect some higher levels too.
  • #4,004
  • May 1, 2012 2:31pm May 1, 2012 2:31pm
kiwi 1 H chart



nice opp. IMHO on kiwi is just forming
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi 1 H.jpg Size: 145 KB
  • #4,005
  • May 2, 2012 12:24am May 2, 2012 12:24am
i will take a quick scalp on aud/usd tonight
buy aud/usd at 1.0350 sl=1.0290 tp1=0400 pips tp2=1.0425..please, once first target is hit, move stop loss to break even
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 55 KB
  • #4,006
  • May 2, 2012 12:44am May 2, 2012 12:44am
buy nzd/usd at 08165 sl=0.8110 tp1=50 pips tp2=0.8225
please, put maximum 1% on these trades...to keep alive just in case..
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.usd.png Size: 53 KB
  • #4,007
  • May 2, 2012 12:59am May 2, 2012 12:59am
if price were to reverse i will short gbp/usd and eur/usd
  • #4,008
  • May 2, 2012 1:02am May 2, 2012 1:02am
short eur/usd at 1.3200 sl=50 pips tp1=50 pips tp2=1.3100
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd 4h.png Size: 56 KB
  • #4,009
  • May 2, 2012 6:13am May 2, 2012 6:13am
i closed the aud trade...i will keep my short on eur/usd
  • #4,010
  • May 2, 2012 6:21am May 2, 2012 6:21am
stop to be at least...i tookes some profits and moved stop at 1.3174
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd 4h.png Size: 54 KB
  • #4,011
  • May 2, 2012 6:24am May 2, 2012 6:24am
closed all shorts entries shorted at 1.322 and tp at 1.315. i have a feeling this market gonna shoot up again although im seeing a further down movement to 1.30x. will stay out of market for a while
  • #4,012
  • May 2, 2012 10:07am May 2, 2012 10:07am
Quoting edwinsieng
closed all shorts entries shorted at 1.322 and tp at 1.315. i have a feeling this market gonna shoot up again although im seeing a further down movement to 1.30x. will stay out of market for a while
nice trading ed,

I missed Euro today, but more shorts will come as you say.
  • #4,013
  • May 2, 2012 10:12am May 2, 2012 10:12am
nice set up is forming now on kiwi 30 min - tempting to go long
  • #4,014
  • May 3, 2012 2:32am May 3, 2012 2:32am
short gbp/usd at 1.6156 sl=1.6219 tp1=1.6100 tp2=1.6050
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd.png Size: 53 KB
  • #4,015
  • May 4, 2012 4:05am May 4, 2012 4:05am
Hi DK, hi Ed

US dollar index Daily has too many touches on the upper trendline....
Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar index Daily.jpg Size: 157 KB
  • #4,016
  • May 4, 2012 4:18am May 4, 2012 4:18am
USD CHF 15 min chart


this pair is forming diamond pattern on 15 min chart

breakout possible to both sides

( as for me I would prefare to be long on this pair but of course I could be wrong)
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF 15 min diamond.jpg Size: 152 KB
  • #4,017
  • May 4, 2012 5:23am May 4, 2012 5:23am
Quoting Tatbat
USD CHF 15 min chart


this pair is forming diamond pattern on 15 min chart

breakout possible to both sides

( as for me I would prefare to be long on this pair but of course I could be wrong)

looks like break of the upper trendline - but take care -could be a false one
  • #4,018
  • May 5, 2012 10:03am May 5, 2012 10:03am
good Tat..i shorted gbp/usd yesterday...
  • #4,019
  • May 6, 2012 12:18pm May 6, 2012 12:18pm
GBP USD


Quite reliable reversal pattern was formed on cable last week.

According to this weekly pattern formed I expect further fall of cable during this week. Itīs hard to say where - it can be 1,6050 area but it could be even 1,5900 area.

On the other hand - as you can see on the chart there was no fourth touch of the upper trendline yet, nor break of it.

Take care
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.jpg Size: 155 KB
  • #4,020
  • May 7, 2012 1:42am May 7, 2012 1:42am
hey guys. im back for a little action. was pissed for a while with my platform "seemingly" hunting my stoploss. i will buy when eurusd dropped back to 1.3 wtih sl 1.295 and tp 1.31, which 1.3 is a huge major support to break. however, fundamental could lead us further down if there are no actions by CB etc.
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