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- dailyking replied Jun 20, 2011
the market is very indecisive at the moment. in case, this candlestick does not give clearer signal, i will wait for the next one...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
yes it's possible...thanks for your chart
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
it may be possible. but the entry is not clearly set up for me...i will wait a bit. Why do you want to but at this level ?
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
the stop i put on this trade is a very conservative one. Because i took a first loss, i don't want to handle a second one due to tight stop placement. this one is 10 pips under the 1hr pivot. which is very protective
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
because the short term trend is up. we wanna take advantage of it, and then when price will turn back with higjer time frames, we will follow the next movement. So, by learning the market and its behavior, we can profit from short term trend, medium ...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
here it is you could have bought it at 1.4200 sl=1.4117 tp1=1.4370 tp2=1.4400. if you iss it, it doesn't matter, because we will have another entry soon at the close of this 4hr candle...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
are you long or short on the chf ? which one did u take chf/yen ?
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
i don't know if you bought the euro/usd but you may be laughing now. this trade will be reinforced...traders who are shorting now will cry hot tears, i say burning tears, in less than 1 hr and 16 min...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
where it is right now 1.4117 is under the 1hr pivot . it's fine
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
which trade sre u talking about ?
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
please cancel the order on eur/cad. an other entry is in the making
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
just make the maths...we have lost 2 trades now, so if you invest 1% per transaction , it is -2%. at the end of the day, you will see that we will up many %. some traders don't want to lose...they will never make money. i see some of us already ...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
just keep following. it happens sometimes where markets give you false signals to shake you and then turn into your direction. let's follow the trades. it's 3:08 am eastern, you will see in 2 hours how things will turn back nicely...
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
let's wait and see. but my system is telling me to go long...i will go long
Trades based on Market Geometry and Price Action
- dailyking replied Jun 20, 2011
i lost both trades. but i will buy them again. you can buy euro/usd now, but stop loss ahould be placed at 1.4217
Trades based on Market Geometry and Price Action
- dailyking replied Jun 19, 2011
just bought eur/gbp now at 0.8837 sl=0.8820 tp=0.8865 sorry the stop is 0.8820
Trades based on Market Geometry and Price Action
- dailyking replied Jun 19, 2011
buy eur/usd at 1.4284 sl=1.4250 tp=1.4380
Trades based on Market Geometry and Price Action
- dailyking replied Jun 19, 2011
buy eur/cad at 1.4025 sl=1.3980 tp=1.4073
Trades based on Market Geometry and Price Action
- dailyking replied Jun 19, 2011
i don't like the eur/yen set up
Trades based on Market Geometry and Price Action