Premium Member Resources
This section is only available for premium members.
Please log in or choose one of the following options below:
View Membership Options

View Membership Options

Select the membership plan that is right for you. Choose to renew monthly, quarterly or annually. Either way, you'll have access to industry-exclusive tools and resources to help you become a consistently profitable trader.
Contact Support

Contact Support

Do you have a question for the Market Geometry team? Are you having trouble logging in or finding something on the site? Submit a support ticket and we promise we'll respond within 24 hours, usually much sooner.

Weekly Review EUR/USD USD/CAD USD/JPY 240min

Saturday June 23, 2012 | Market Geometry Blog | Shane Blankenship

Time to review charts from earlier this week. There are always things to learn or relearn. 

Although I did well with this weeks charts, I'm including a USD/JPY chart cause It was the best setup of the three.  I was only vaguely paying attention to this simple setup... The primary lesson I relearned thiis week is that you do not get more points for going more complex. The market doesn't care either way and is not impressed. The more complex you go the more there is to consider, and the more there is to get wrong.

EUR/USD 240min: Price reset back to the extreme of both the Center Line and the lower MLH of the Modified Schiff Median Line. Price probes the reaction line and those tops washing traders out. It then closed back under leaving a solid entry with built in stop. Having a good place for a stop is an important part of any trade.

USD/CAD 240min: This was straight out of the original Action Reaction Course which is on this site free for anyone to view

USD/JPY 240mim: The Grey Median Line set carried the downtrend well and showed you when price was coming out of that trend. Then handed off to the next set of pivots which that gave us the Blue Modified Schiff Median Line. Price did a classic test/retest entry at the lower parallel giving you all kinds of buyers to lean on. Tim Morge has been showing this trade for years.

Shane

06232012eur

06232012cad

06232012yen

Newsletter Signup

Sign up for our FREE newsletters now!

Latest Forum Activity

16 hours 36 mins ago

Posted

1 day 16 hours ago

Posted

1 day 17 hours ago

Posted

3 days 16 hours ago

Posted

  • Testimonials:

    Tim, I like your team. I am still learning and doing paper trades. You scare me when you use polished formality wording i.e. "I appreciate all of you taking the time out of your busy days to attend in person or watch the archived videos later, when ...
  • Testimonials:

    I've been doing these sessions for just over a month now. Friends recommended them and I took a live basic seminar with Tim a few years back so I "sort of know the guy". I renewed for my 2nd month because they have been so good. Not only do I ...
  • Testimonials:

    Your methodology has had a positive impact on my confidence level as well as the trading account. I appreciate the way you teach the methodology. It is simple, straightforward and the beauty of it is that I no longer chase price and the chances of getting into a trade ...
  • Testimonials:

    Quick note to let you know the seminar was quite an eye opening experience and a very long night into the early morning here in Australia, but well worth it. I have started back testing some of yours and Shane’s theory from the seminar and I am amazed how simple ...