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  • #181
  • Jul 14, 2011 8:17am Jul 14, 2011 8:17am
Quoting kostas1
Very nice but it may bounce from M15 5 before that.
Yes, this make no. of retracement more than 2, and thus a questionable setup now.
  • #182
  • Jul 14, 2011 8:18am Jul 14, 2011 8:18am
If it doesn't make it above this confluence we should have a ride south.
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  • #183
  • Jul 14, 2011 8:18am Jul 14, 2011 8:18am
USDJPY M15.S35 constrainment???
(no. strange movement for JPY for hours...)
  • #184
  • Jul 14, 2011 8:23am Jul 14, 2011 8:23am
I forgot to outline divergence in my original post last night. Woke up to +31 pips. Decided to take profit and get a coffee.
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  • #185
  • Jul 14, 2011 8:26am Jul 14, 2011 8:26am
Quoting kostas1
If it doesn't make it above this confluence we should have a ride south.
My H1.E200 is at a different position!!!!
Attached Image
  • #186
  • Jul 14, 2011 8:27am Jul 14, 2011 8:27am
Quoting kk007
My H1.E200 is at a different position!!!!
ok.ok. yours is H1.S200

For R1, RN, D1.E10 and H1.S200, they have been just used. So it will be second touch now.
  • #187
  • Jul 14, 2011 8:42am Jul 14, 2011 8:42am
USDCHF M15.E10 or M5.E10????
  • #188
  • Jul 14, 2011 8:47am Jul 14, 2011 8:47am
Bought GBP/USD at 1.6137 M15. E10 touch
First tp 10 pips
Moved SL to BE when I was +8 pips because of Bernanke
Attached Image
.

Good Luck
  • #189
  • Jul 14, 2011 9:40am Jul 14, 2011 9:40am
anyone know why the impact icon by the news doesnt show today?
  • #190
  • Jul 14, 2011 9:40am Jul 14, 2011 9:40am
Quoting kk007
USDJPY M15.S35 constrainment???
(no. strange movement for JPY for hours...)
Help Survivor!!!! Why this constrainment failed?????
  • #191
  • Jul 14, 2011 9:52am Jul 14, 2011 9:52am
Quoting kostas1
If it doesn't make it above this confluence we should have a ride south.
Hi Kostas1,

Have you taken the trade??? Price did bounce around there!!!
But never actually touched again the R1, RN and H1.S200.
  • #192
  • Jul 14, 2011 9:59am Jul 14, 2011 9:59am
Quoting kostas1
If it doesn't make it above this confluence we should have a ride south.
Wow! You really know how to dance with the market

I went SHORT at the close of that bar and closed with +25 pips profit.

I should have left the trade open because is +80 pips down already.
  • #193
  • Jul 14, 2011 10:07am Jul 14, 2011 10:07am
Quoting Haydel
Wow! You really know how to dance with the market

I went SHORT at the close of that bar and closed with +25 pips profit.

I should have left the trade open because is +80 pips down already.
Hi Haydel,

Did you enter just because of kostas1's call? I couldn't find a good entry point there, because price hasn't touch most of the lines and PA was not clear for me. So, I missed the ride!!!!

cheers,
  • #194
  • Jul 14, 2011 10:43am Jul 14, 2011 10:43am
Quoting kk007
Hi Haydel,

Did you enter just because of kostas1's call? I couldn't find a good entry point there, because price hasn't touch most of the lines and PA was not clear for me. So, I missed the ride!!!!

cheers,
First, kostas1's call made me watch closer. This is what I saw:

  1. D1 is reacting down form a 10EMA touch.
  2. Kostas also mentioned Daily R1
  3. On the H4 I always set a level for every clear H4 Swing, a pin bar formed on one of those levels itīs an odd enhancer. In this case a level form a 2011.06.28 was right there on the H1 pin bar close to RN.
  4. On the H1, the SMA200 forms a clear trend line where we can expect reaction.
  5. And at the end, of course, kostas1's call gave me confidence to pull the trigger at the close of that H1 pin bar.

My target was H1 10EMA (25 pips), I was not expecting all the pips that trade actually gave.

  • #195
  • Jul 14, 2011 10:48am Jul 14, 2011 10:48am
Quoting Haydel
[font=Verdana]First, kostas1's call made me watch closer. This is what I saw: [list][*]D1 is reacting down form a 10EMA touch.[*]Kostas also mentioned Daily R1[*]On the H4 I always set a level for every clear H4 Swing, a pin bar formed on one of those levels itīs an odd enhancer. In this case a level form a 2011.06.28 was right there on the H1 pin bar close to RN.[*][font=Verdana]On the H1, the SMA200 forms a clear trend line where we can...
Where's the H1 pin bar? I don't see it.
  • #196
  • Jul 14, 2011 10:51am Jul 14, 2011 10:51am
Thanks Haydel,

The zone that mentioned has been "too wide", if I entered I cannot determined a good SL value, nothing was precise enough for me in this setup...

Quoting Haydel
[font=Verdana]First, kostas1's call made me watch closer. This is what I saw: [list][*]D1 is reacting down form a 10EMA touch.[*]Kostas also mentioned Daily R1[*]On the H4 I always set a level for every clear H4 Swing, a pin bar formed on one of those levels itīs an odd enhancer. In this case a level form a 2011.06.28 was right there on the H1 pin bar close to RN.[*][font=Verdana]On the H1, the SMA200 forms a clear trend line where we can...
  • #197
  • Jul 14, 2011 10:55am Jul 14, 2011 10:55am
Quoting cmeade2
Where's the H1 pin bar? I don't see it.
I guess, he was talking about this one
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  • #198
  • Jul 14, 2011 11:03am Jul 14, 2011 11:03am
Quoting kk007
I guess, he was talking about this one
I thought a pin bar has a small body at the bottom of the candle that is totally inside the body of the previous candle, with a long wick sticking up from the body.

That was not on the H1 or H4 EU charts.
  • #199
  • Jul 14, 2011 11:05am Jul 14, 2011 11:05am
Quoting kk007
I guess, he was talking about this one
I think Kostas made that call from reasons that are not very quantifiable. It is through his experience and feel of the market.

The variables I see in the movement that Kostas called was

-35/50 MA's are sideways
-The market is clearly in a range
-With these knowledge in mind it so happen that there is a possible confluence of many S n Rs at a sweet spot to keep the market in the range.

When Kostas said if price does not go pass the RN+ other S n R then we can have a short trade, what he might mean in layman's term is- If the range continues by respecting the confluence of S n R it will do what it did in the past, go down. It probably would have been a safe bet because there were sooo many variables in the market pointing to the right direction.

PS: Sorry for writing this in this thread. Just trying to reason some after the fact trades here.
Riding the order flow
  • #200
  • Jul 14, 2011 11:09am Jul 14, 2011 11:09am
Agree, when he made the call, he was suggesting there was a high prob. going south, but since there was no good PA, I couldn't find a good entry, and I couldn't quantify me trade. and now I wonder how people had made use of the call....

Quoting Binyamin
I think Kostas made that call from reasons that are not very quantifiable. It is through his experience and feel of the market.

The variables I see in the movement that Kostas called was

-35/50 MA's are sideways
-The market is clearly in a range
-With these knowledge in mind it so happen that there is a possible confluence of many S n Rs.

When Kostas said if price does not go pass the RN+ other S n R then we can have a short trade, what he might mean in layman's term is- If the range continues by respecting the confluence of S n R it will do...
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