DislikedLast post for today but keep your eyes on a possible short signal:
Confluence of:
1. H4 35
2. RN
3. Daily R2
4. H1 200
Wait for a good M5 reversal signal around the 1.3700 area.Ignored
I didn't trade it as I finished for the night!
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DislikedLast post for today but keep your eyes on a possible short signal:
Confluence of:
1. H4 35
2. RN
3. Daily R2
4. H1 200
Wait for a good M5 reversal signal around the 1.3700 area.Ignored
DislikedIgnored
DislikedHi kostas1,
I am newbie in this thread please post recent indicators and templateIgnored
Disliked
P.S. I got +22p traded with reduced lot size since I was done for the day and also I am not usually trading that late.Ignored
DislikedActually, Steve Nison talks about that in his Japanese Candlesticks stuff. They call the gaps "windows" and the market will return, "closing the window".Ignored
Disliked
P.S. I got +22p traded with reduced lot size since I was done for the day and also I am not usually trading that late.Ignored
Dislikedi think he refers to daily charts not for forex, and definitely not 5 mins timeframeIgnored
DislikedOK. This is not a CHOROS rule but I use it very often as an added confirmation in a trade.
Somebody may ask why I got in long with that strong short action (even-though the confluence was strong for long)?
Answer: I noticed these gaps in the bodies of the M5 bars. In my experience these are getting filled very soon when they form. Even one gap will make me confident about taking a trade in the "filling direction". Here I noticed three in a row! I am not sure why this happens but I tend to believe that these are traps to get most of us in the...Ignored
DislikedJust a quick clarification here duffy. When i say diverging i mean diverging. Actual distance between them might be very small but what i look for is weather this distance is increasing- then i pass it. If they are converging/ parallel / on top then i dont worry about distance much.
Of course we are dealing with moving things here and MA always looks better for winners and worse for losers. A winning first touch of 10 EMA will automatically make 10EMA look steep and a losing one will make it look flat. But divergence is not influenced by trade...Ignored
Dislikedi think GU is rather hard to trade the last couple of weeks at least, and after (3) in your graph is un-tradeable as its an MA soup.
i lost most of the day for live so when i returned late at night i run the EU and GU in the simulator.
EU had at least 2 solid entries with the first just before the big dip, if followed by Clay's rules it would result in at least 50 pips and the second also good for 20-40 depending on how brave you are.
both of these were quite clear to take on the simulator.
now GU was another story, apart from the (1) ad (2)...Ignored
DislikedI appreciate that, but the news said that it was what drove the Aussie down.
Cable reacted far worse, breaking its 2 day low, whereas the the Aussie bounced off today's low and...Ignored
DislikedI saw a lead on one of the business channels last week: "Dow climbs because of growing uncertainty in Egypt."
When writing these things, they simply take important event A and market move X and say A caused X. Pay no attention to that man behind the curtain...Ignored
DislikedHaha, love it!
Another example... with the recent floods out here, that flooded some of our biggest coal mines and wiped out a season of crops, they said on the news that the Aussie was going to tumble in a big way, and there was no way it would get back to parity.
Then on top of that, we had the biggest cyclone ever in Yasi, wiping out the bulk of the country's sugar cane and banana crops.
I forget the figures, but represents a huge dent in our exports and GDP.
So what did the Aussie do? Climbed up above parity and is still there, holding...Ignored
DislikedIndeed the market movements of AUDUSD have been erratic and some would even describe them as irrational. The RBA's long term vision explains these to a degree. However, given that the PBOC has just raised their rate and it has even been sugggested that more is on the horizon, one has to ponder how long this strength can be sustained. Of course, if the USD continues to remain weak, nothing can be assured.Ignored
DislikedAnyone awake and watching GU 1h? Looks familiar? Only trouble is in D1. I would take it anyway.
And the good part is if it breaks up and rushes higher to RN we have a exceptionally beautiful confluence there - RN 35, 50 and 62 All siting together.Ignored