Trades based on Market Geometry and Price Action | Page 272 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fractal Geometry 721 replies

Charles Drummond Geometry 23 replies

Geometry in Cycle Identifier Indicator 9 replies

Fractal Geometry....Trading? 154 replies

The Endless Beauty of Market Geometry 3 replies

Attachments: Trades based on Market Geometry and Price Action
Exit Attachments

Trades based on Market Geometry and Price Action

  • #5,421
  • Aug 12, 2014 12:15am Aug 12, 2014 12:15am
if you like eur/jpy. you can short it now at 136.68 with a stop loss of 50 pips tp1=50 pips tp2=120 pips...stop to be moved to break even after first target is hit
  • #5,422
  • Aug 20, 2014 7:09am Aug 20, 2014 7:09am
buy aud/usd at 0.9290 sl=0.9268 tp1=0.9350 tp2=0.9400
short usd/cad at 1.0939 sl=50 pips tp1=60 pips tp2=100 pips
shorted eur/aud at 1.4285 sl=1.4350 tp1=1.4200 tp2=1.4100
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 41 KB
  • #5,423
  • Aug 20, 2014 2:50pm Aug 20, 2014 2:50pm
i closed the usd/cad trade
  • #5,424
  • Aug 31, 2014 3:34pm Aug 31, 2014 3:34pm
short eur/jpy at 136.74 sl=60 pips tp=135.00
short chf/jpy at 113.31 sl=113.90 tp=110.00
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 48 KB
  • #5,425
  • Edited 7:16pm Aug 31, 2014 7:02pm | Edited 7:16pm
These trades are essentially the same but I like both. Euro is bearish and jpy is looking bullish. The risk reward ratio 1 to 3+ is proper as well. I've been selling eur/jpy since 139 area and it's been very profitable. There's still plenty of room for down before we see any mid term retracement.

Quoting dailyking
short eur/jpy at 136.74 sl=60 pips tp=135.00 short chf/jpy at 113.31 sl=113.90 tp=110.00 {image}
  • #5,426
  • Aug 31, 2014 7:20pm Aug 31, 2014 7:20pm
Quoting 4_x
These trades are essentially the same but I like both. Euro is bearish and jpy is looking bullish. The risk reward ratio 1 to 3+ is proper as well. I've been selling eur/jpy since 139 area and it's been very profitable. There's still plenty of room for down before we see any mid term retracement. {quote}
I think JPY is looking bearish ie USD/JPY bullish .. its 104.20 again ?

I agree on EUR being bearish ...
  • #5,427
  • Aug 31, 2014 7:27pm Aug 31, 2014 7:27pm
I absolutely agree it is looking bearish at the moment, but I have reasons to believe there could be a short to mid term trend reversal coming for jpy. Even so eur should be more bearish between the two. His SL is proper to stop from big losses if the trade turns against him.

Quoting lasty
{quote} I think JPY is looking bearish ie USD/JPY bullish .. its 104.20 again ? I agree on EUR being bearish ...
  • #5,428
  • Aug 31, 2014 7:32pm Aug 31, 2014 7:32pm
Also, if you look at other JPY pairs against the usd/jpy, it is painting a different picture.

Quoting 4_x
I absolutely agree it is looking bearish at the moment, but I have reasons to believe there could be a short to mid term trend reversal coming for jpy. Even so eur should be more bearish between the two. His SL is proper to stop from big losses if the trade turns against him. {quote}
  • #5,429
  • Aug 31, 2014 7:52pm Aug 31, 2014 7:52pm
Quoting 4_x
Also, if you look at other JPY pairs against the usd/jpy, it is painting a different picture. {quote}
I try and look for the strongest against the weakest

If you have a good plan then trade it .. Happy hunting
  • #5,430
  • Sep 1, 2014 2:24pm Sep 1, 2014 2:24pm
i really appreciate your analysis..i will be buying nzc/chf again at 0.7710 sl=0.7650 tp is around 0.8000 area. but in the mid time, you can take 1:1 as firt target to keep your initial investment safe, and let the other part run. happy pip in
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 50 KB
  • #5,431
  • Sep 1, 2014 3:10pm Sep 1, 2014 3:10pm
I'm actually not in the eur/jpy trade at the moment but may take a shot if it hits 137.1 with SL of 15 pips. I normally consider strongest vs weakest in my trading as well but I am taking a shot at gbp/usd for a long. I see either a retracement building or continuation on the weekly even though the USD has been rallying heavily past few months. I suppose strong vs weak depends on which time frame you are comparing to. Thank you and happy trading to you as well friend.

Quoting lasty
{quote} I try and look for the strongest against the weakest If you have a good plan then trade it .. Happy hunting
  • #5,432
  • Sep 1, 2014 3:28pm Sep 1, 2014 3:28pm
This looks like an interesting trade and you have a good trading plan. I am tempted to long but I will wait for now. Good luck!

Quoting dailyking
i really appreciate your analysis..i will be buying nzc/chf again at 0.7710 sl=0.7650 tp is around 0.8000 area. but in the mid time, you can take 1:1 as firt target to keep your initial investment safe, and let the other part run. happy pip in {image}
  • #5,433
  • Sep 1, 2014 7:14pm Sep 1, 2014 7:14pm
i lost this eur/jpy trade, but i suspect it to reverse around 137.50
  • #5,434
  • Sep 4, 2014 6:32am Sep 4, 2014 6:32am
i just shorted back eur/jpt at 136.70 sl=80 pips tp1=135.00 tp2=130.00
shorted also chf/jpy at 113.35 sl=80 pips tp1=110.00 tp2=105.00
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 62 KB
  • #5,435
  • Edited 10:33pm Sep 11, 2014 10:18pm | Edited 10:33pm
I'm buying yen pairs. Small trades on dips to support levels. This move past few days is too strong signaling further yen weakness.
  • #5,436
  • Sep 12, 2014 2:04pm Sep 12, 2014 2:04pm
Not sure how much steam is left as they're approaching some supply levels on larger tf. Closed all trades for weekend for some profit. I think NZD/USD is better to short for longer term after a possible retrace. Will have to watch closely on smaller timeframes. Not a good idea to long this pair.

Quoting 4_x
I'm buying yen pairs. Small trades on dips to support levels. This move past few days is too strong signaling further yen weakness.
  • #5,437
  • Oct 21, 2014 5:52am Oct 21, 2014 5:52am
short gbp.jpy at 171.76 sl=70 pips tp=200 pips tp2=300 pips
short eur-cad at 1.4320 sl=70 pips tp1=150 pips tp2=300 pips
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 46 KB
  • #5,438
  • Oct 21, 2014 5:58am Oct 21, 2014 5:58am
buy cad/chf at 0.8432 sl=70 pips tp1=0.8600 tp2=0.8800
short eur/jpy at 136.10 sl=70 pips tp=132.50
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 45 KB
  • #5,439
  • Oct 21, 2014 6:02am Oct 21, 2014 6:02am
short aud/cad at 0.9894 sl=60 pips tp1=0.9650 tp=0.9550
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 55 KB
  • #5,440
  • Oct 21, 2014 6:12am Oct 21, 2014 6:12am
short eur/usd at 1.2740 sl=60 pips tp1=120 pips tp2=150 pips tp3=1.2250
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.png Size: 35 KB
2 traders viewing now