Trades based on Market Geometry and Price Action

just shorted aud.usd at 1.0231 sl=40 pips....i'm still on my gbp/yen short..moved stop to b.e 1500 pips so far...

buy aud.usd at 1.0291 sl=1.0255 tp1=1.0350 tp2=1.04

just shorted both eur.aud and eur.cad..
short eur.cad at 1.3366 sl=50 pips
short eur.aud at 1.2733 sl=50 pips

just closed the eur.cad. i will short gbp.yen at 140.49 sl=60 pips

short chf.yen at 98.76 sl=60 pips

buy eur.usd at 1.2915 sl=1.2890

buy nzd/usd at 8.50 sl=82.00

buy aud.usd at 1.0375 sl=1.0325

i re entered my eur.usd at 1.2900. i will also buy eur.yen at 122.69 sl=50 pips

i hope you closed eur... !!!

just shorted usd.cad at 1.0270 sl=20mpips........bought eur/yen again at 122.50 sl=60 pips

if you like gbp/yen , buy it at 143.75 sl=143.00 . The first entry was at 143.50 but i missed it

buy nzd.usd at 8.35 sl=82.05

short usd.chf at 94.54 sl=95.00

the day isn't finished, but good choice for your trade

no problem...Short again usd.cad at 1.0235 sl=1.0275

Hi Daily,

Do you usually implement any take profit rules?

E

yes i do...but these trades, i want to keep them a bit. I will close them on friday (latest). Mostly i use fib extension for my take profits or time exit...

Cheers Daily

Time exit...interesting. Is this to free up capital (opportunity cost and all that) or just a preference?

when you take a good entry, it's better to keep for multiple R (many times your risk). So that in case you take couple losses you can cover it. Keeping a good trade entry for 2 to 3 days is good