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  • Post #16,101
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  • Jan 5, 2021 3:56am Jan 5, 2021 3:56am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
An interesting trade for you guys:
I got it as a scoop-down from M15 35/50 for 20pips.
Another interesting entry would have been 4-5 bars earlier, at the rejection from confluence of H4 10, DP, RN.

Attached Image (click to enlarge)
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Name: scooped_down_M15_GU.jpg
Size: 78 KB
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  • Post #16,102
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  • Jan 6, 2021 12:05pm Jan 6, 2021 12:05pm
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Here is an M15 EMA 10 bounce short trade. It took 3 bars to retrace but still good enough.

Edit: double bottom indicates possible scoop-up but today is news day... I have the impression that it will need to touch MP and 1.3500 before going-up. It should create an interesting situation in a couple of hours.

Attached Image (click to enlarge)
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  • Post #16,103
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  • Jan 11, 2021 7:51am Jan 11, 2021 7:51am
  •  atif58
  • | Joined Feb 2013 | Status: Member | 76 Posts
Quoting kostas1
Disliked
Here is an M15 EMA 10 bounce short trade. It took 3 bars to retrace but still good enough. Edit: double bottom indicates possible scoop-up but today is news day... I have the impression that it will need to touch MP and 1.3500 before going-up. It should create an interesting situation in a couple of hours. {image}
Ignored
Hi Kostas, I see you use extra 2 EMA on M15 chart i.e. 40EMA (equivalent of H1 10EMA) & 160EMA (equivalent of H4 10EMA).

Please guide do you use these EMA's on M5 or other timeframe? If yes please guide do you further adjust these EMA's or not?
  • Post #16,104
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  • Jan 11, 2021 7:59am Jan 11, 2021 7:59am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Quoting atif58
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{quote} Hi Kostas, I see you use extra 2 EMA on M15 chart i.e. 40EMA (equivalent of H1 10EMA) & 160EMA (equivalent of H4 10EMA). Please guide do you use these EMA's on M5 or other timeframe? If yes please guide do you further adjust these EMA's or not?
Ignored
I usually trade on M15 so I want to know where H1 10 and H4 10 are since they are important reaction points.
Yes, I also have the corresponding ones in M5 (EMA 120 and EMA 480), although lately I don't trade M5 too often.
Also, I noticed that the last year I almost completely trade GU, a few times EU and that's it.
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  • Post #16,105
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  • Jan 13, 2021 9:36am Jan 13, 2021 9:36am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Atif58 called this scoop-down 3 hrs ago in the Interactive thread
https://www.forexfactory.com/thread/...8#post13356898

Attached Image (click to enlarge)
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Name: Double top_M15_scoopdown_GU4.jpg
Size: 81 KB


EDIT: Almost Deja-vu from January 4th....
https://www.forexfactory.com/thread/...9#post13341249
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  • Post #16,106
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  • Jan 13, 2021 9:41am Jan 13, 2021 9:41am
  •  atif58
  • | Joined Feb 2013 | Status: Member | 76 Posts
Quoting kostas1
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Atif58 called this scoop-down 3 hrs ago in the Interactive thread https://www.forexfactory.com/thread/...8#post13356898 {image} EDIT: Almost Deja-vu from January 4th.... https://www.forexfactory.com/thread/...9#post13341249
Ignored
Still in position
1
  • Post #16,107
  • Quote
  • Jan 13, 2021 9:44am Jan 13, 2021 9:44am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Quoting atif58
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{quote} Still in position
Ignored
Good, consider H4 10 (H1 35/50) at 1.3630 as an exit. My concern is that it has not cleared stops at 1.3700 so it may shoot up suddenly.
Anyway, your call, you may have bigger balls....
1
  • Post #16,108
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  • Jan 13, 2021 10:37am Jan 13, 2021 10:37am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Marti | 1,559 Posts
Quoting kostas1
Disliked
Atif58 called this scoop-down 3 hrs ago in the Interactive thread https://www.forexfactory.com/thread/...8#post13356898 {image} EDIT: Almost Deja-vu from January 4th.... https://www.forexfactory.com/thread/...9#post13341249
Ignored
in the above picture how come sell trade when Pa is above D-W pivots?
  • Post #16,109
  • Quote
  • Jan 13, 2021 10:44am Jan 13, 2021 10:44am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Quoting T4Trade
Disliked
{quote} in the above picture how come sell trade when Pa is above D-W pivots?
Ignored
No such rule here...
Maybe you want to study the thread to be able to ask relevant questions.
1
  • Post #16,110
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  • Jan 13, 2021 11:46am Jan 13, 2021 11:46am
  •  atif58
  • | Joined Feb 2013 | Status: Member | 76 Posts
Quoting kostas1
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{quote} Good, consider H4 10 (H1 35/50) at 1.3630 as an exit. My concern is that it has not cleared stops at 1.3700 so it may shoot up suddenly. Anyway, your call, you may have bigger balls....
Ignored
Exit at 1.3643.....I am still working on my Entries/Exits
  • Post #16,111
  • Quote
  • Jan 15, 2021 2:30am Jan 15, 2021 2:30am
  •  iero4
  • Joined Jan 2011 | Status: Member | 551 Posts
Just a question to the old guys in the thread...do you trade during London or just only London/NY overlap? I have many BE trades during London
You are allowed to fall but you are imposed to get up!
  • Post #16,112
  • Quote
  • Jan 15, 2021 3:18am Jan 15, 2021 3:18am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,705 Posts
Quoting iero4
Disliked
Just a question to the old guys in the thread...do you trade during London or just only London/NY overlap? I have many BE trades during London
Ignored
Long time no see buddy..
I am still mostly 10 to 6 (GMT+2) and almost exclusively GU.
"Many BE trades and several winners" is much better than "many looser trades and many winners...."
4
  • Post #16,113
  • Quote
  • Last Post: Jan 15, 2021 3:39am Jan 15, 2021 3:39am
  •  iero4
  • Joined Jan 2011 | Status: Member | 551 Posts
Quoting kostas1
Disliked
{quote} Long time no see buddy.. I am still mostly 10 to 6 (GMT+2) and almost exclusively GU. "Many BE trades and several winners" is much better than "many looser trades and many winners...."
Ignored
Hey Kostas thanx for the reply. I am 10 to 6 as well and only GU and sometimes Gold ...

I will start trading for the new year from next week as January is weird month for me in terms of trading. I wish you a happy New year and hope to get rid of this Covid malakia...
You are allowed to fall but you are imposed to get up!
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