Trades based on Market Geometry and Price Action

hi dk,

i hope u covered your pound shorts.....

i closed my gbp/usd trade...

i'm still short euro, aud and eur/gbp but not very cool yet

yep you re right

dk, are you still short on aud?

we have a weak usd-strong yen situation right now...for an ideal bull market, we would be looking for both usd and yen weakness...the usd index has been flirting around a very strong support on the daily, a breach of that and it could fuel a good bull move on the EU and GU..but i think the pressure from the yen could dampen our recent rallies..

i will not play retracement. i wait for it before entering

another question dk:

what do you think about small sl, like 20 pips?

i think an ideal SL is atleast 50pips...then BE maybe after 25-30pips..i am sorely tempted to short the GBP and AUD...
but i'ill wait, thats something i've been working on...Patience...i"ill wait for the daily close, re-evaluate my stand, then wait for euro or london open...in this summer period,i believe its best to work with the best liquidity you can find...

dk, a quick question: do you use ccis?..i use a m15 cci for my entries, sometimes they seem to coincide with some of your calls...was just wondering..

i will cut my aud because of rollover. I will take another one tomorrow

o.k good...
i will be out of town for 10 days from today..taking nice vacation

leaving now for vacations...10 days

enjoy ur trip! busying now and couldnt really trade. but tuesday is tempting me lol

wishing a good trip

gbpusd looks like a good long in another 30 pips drop. will set my limit buy there

aud/usd is getting near a big daily supply level around 1.07-1.08. There hasn't been much movement in the past week. I'm hoping to see a big spike to that level. I have sell orders pending at 1.07. Other USD pairs are nearing large supply/demand levels also. What do you guys think?

Of similar opinion, S&P500 is facing a very strong resistance on Daily chart.

im just scalping in and out of gpbusd and eurusd. audusd looks pretty strong in breaking up. i have 2 long positions in audusd and pretty much the rest are hourly scalps.

i'm back since today morning..i hope you made many pips

made a little out of the crappy market. not alot but good enough to stay happy haha