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CHOROS Interactive

  • #201
  • Jul 14, 2011 2:56pm Jul 14, 2011 2:56pm
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 it´s 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...

Haydel gets an "A" in his analysis. That's how I played it for +35p.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 265 KB
  • #202
  • Jul 14, 2011 3:01pm Jul 14, 2011 3:01pm
Quoting cmeade2
Where's the H1 pin bar? I don't see it.
Quoting kk007
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 kk007
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....

Please let me explain with more detail what I saw to use Kostas1 call.


I’m sorry if I’m causing confusion using the expression “Pin Bar”. And I’m also sorry Kostas1 if we are discussing this at this thread but as Binyamin said we are just trying to reason some after the fact trades here.

Regarding the “Pin Bar”, there is a lot of theory about price action bars on the net, with a lot of terms, like shutting star, hammer, inverted hammer, hang man, etc. etc. The thing is that for simplicity I use the expression “Pin Bar” for all of them. To me, every bar with small body and long wicks, or a small body with at least one long wick is a “Pin Bar”. Please correct me if I´m wrong and I apologies if I’m causing confusion.

All the “Pin Bars” could be signals of trend reversals but I have seen that having a big picture is more important than the actual shape of that particular bar, which is why I don’t like to classify them by specific names; to me all of them are just pin bars. To me a “Pin Bar” of any particular shape would not mean much unless it coincides with an important level as it did on this trade. The actual shape of a “Pin Bar” is not that important, but the place where it forms is important.

Please forgive me if this is not exactly CHOROS but I have read that Kostas1 also uses the H4 levels that I will highlight on the attached images.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUDUSD H4 2011-07-14.png Size: 48 KB
Click to Enlarge Name: EUDUSD H1 2011-07-14.png Size: 41 KB
  • #203
  • Jul 14, 2011 3:06pm Jul 14, 2011 3:06pm
Quoting Haydel
Please let me explain with more detail what I saw to use Kostas1 call.
Discussions on forewarned trades are fine here. Good analysis my friend, it seems you have done your homework......
  • #204
  • Jul 14, 2011 3:34pm Jul 14, 2011 3:34pm
Quoting kostas1
Discussions on forewarned trades are fine here. Good analysis my friend, it seems you have done your homework......
Thank you kostas1 , your CHOROS thread and all your contributions where and still are a very valuable learning resource and this CHOROS Interactive thread is just great.
  • #205
  • Jul 14, 2011 3:41pm Jul 14, 2011 3:41pm
could you please provide a link to the very first post so i can begin my study of this strategy. i also would like to set my charts and indicators to that employed by this thread. i really enjoy the real time trade ideas and thought processes behind each one.
  • #206
  • Jul 14, 2011 3:41pm Jul 14, 2011 3:41pm
@ Haydel
  • #207
  • Jul 14, 2011 3:59pm Jul 14, 2011 3:59pm
Quoting sdcasper
could you please provide a link to the very first post so i can begin my study of this strategy. i also would like to set my charts and indicators to that employed by this thread. i really enjoy the real time trade ideas and thought processes behind each one.
You need to go to this thread: http://www.forexfactory.com/showthread.php?t=236210
  • #208
  • Jul 14, 2011 6:00pm Jul 14, 2011 6:00pm
Kostas1,

Since I am at work during session, don't have time trade, so I try to look back see what happened to the market and how you guys traded.

With this kind of high time frame trade, will you reduce lot and widen the stop? Because if it's just regular stop of 15 pip, the trade might got stopped out.

Also, just for hindsight, wouldn't it that you will get a better price if you entered the price on the opening of the bar, based on the failed attempts of last few bars trying to break out? Do you always wait for price confirmation like this before you enter trade?

As to price rejection, we can see there is a doji as indicated on the attached chart, after the doji, a down bar. Why wouldn't you enter after the down bar as indicated? Just trying to get your thought process when you decide to enter a trade.

Thanks



Quoting kostas1
Haydel gets an "A" in his analysis. That's how I played it for +35p.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.14.PNG Size: 28 KB
  • #209
  • Jul 14, 2011 7:58pm Jul 14, 2011 7:58pm
USDCHF H1 Constrainment

H1: Almost 5 Bars constrained by 10EMA (Not parallel 35/50 worries me )
H4: below all MAs
D1: below all MAs

Still wishing Survivor is here to confirm…

Any coment?
  • #210
  • Jul 14, 2011 8:51pm Jul 14, 2011 8:51pm
Quoting Haydel
USDCHF H1 Constrainment

H1: Almost 5 Bars constrained by 10EMA (Not parallel 35/50 worries me )
H4: below all MAs
D1: below all MAs

Still wishing Survivor is here to confirm…

Any coment?
Good explanation earlier just now. I am watching.
Riding the order flow
  • #211
  • Jul 14, 2011 9:32pm Jul 14, 2011 9:32pm
Have you read the Post#1 of this thread at all?
Be careful that you may be the first one to be blocked from here according to Post#1!

Quoting sdcasper
could you please provide a link to the very first post so i can begin my study of this strategy. i also would like to set my charts and indicators to that employed by this thread. i really enjoy the real time trade ideas and thought processes behind each one.
  • #212
  • Jul 14, 2011 9:37pm Jul 14, 2011 9:37pm
Quoting Haydel
USDCHF H1 Constrainment

H1: Almost 5 Bars constrained by 10EMA (Not parallel 35/50 worries me )
H4: below all MAs
D1: below all MAs

Still wishing Survivor is here to confirm…

Any coment?



This trade may work, but there are two things that I don´t like

  1. 35/50 are not parallel.
  2. H1 is being constrained by 10EMA and 35SMA. I prefer the trades where H1 is constrained only by 10EMA showing a stronger trend.

But as I said, the trade may work so I will SHORT with very small lot and I'm going to sleep.

In this case the Stop would be 10 to 15 pips above RN 0.8150 and Profit Target would be the next RN at 0.8100 or some Trailing Stop tool.

  • #213
  • Jul 14, 2011 9:46pm Jul 14, 2011 9:46pm
I would say it is a H1.S35 constrainment instead of a H1.E10 constrainment, trend is clearly down.
but not sure where to enter for me.

Quoting Haydel
This trade may work, but there are two things that I don´t like

  1. 35/50 are not parallel.
  2. H1 is being constrained by 10EMA and 35SMA. I prefer the trades where H1 is constrained only by 10EMA showing a stronger trend.

But as I said, the trade may work so I will SHORT with very small lot and I'm going to sleep.

[size=3][font=Calibri]In this case the Stop would be 10 to 15 pips above...

  • #214
  • Jul 14, 2011 9:59pm Jul 14, 2011 9:59pm
Quoting kk007
I would say it is a H1.S35 constrainment instead of a H1.E10 constrainment, trend is clearly down.
but not sure where to enter for me.
only Dr.Constrainment aka Survivor know where to enter..
  • #215
  • Edited 1:30am Jul 15, 2011 1:03am | Edited 1:30am
good morning everyone

long on the GBPJPY 15M 50ma touch/bounce? anyone?

EDIT: In a little late at 127.83, sl 127.73.
EDIT2: SL moved to BE+1
EDIT 3: Stopped Out at BE+1


Didn't have time to post this initially but was a 2bar pull back to the 50ma, plus if you look at the last 2 times price was in the 50ma area the SR was respected and price headed back north.
  • #216
  • Edited 1:39am Jul 15, 2011 1:04am | Edited 1:39am
possible eu ping-pong h1/35-50 before London open

worked only for 5 pips, sl hit
  • #217
  • Jul 15, 2011 1:08am Jul 15, 2011 1:08am
My view this morning:
EU: It seems there are some nice ping-pong areas for H4 (between 35-62) and for H1 (between 35-62). I would wait for London open to get direction. My Daily bar shows a nice red pinbar bounced from Daily 10.
GU: The Daily is being constrained by a confluence of 35/50/62 and Daily R1. The H4 200 is also rejecting south. But I am confused with GU lately, so I will trade it only if I see a clear M15 trend.
  • #218
  • Edited 1:19am Jul 15, 2011 1:17am | Edited 1:19am
Quoting Haydel
This trade may work, but there are two things that I don´t like

  1. 35/50 are not parallel.
  2. H1 is being constrained by 10EMA and 35SMA. I prefer the trades where H1 is constrained only by 10EMA showing a stronger trend.

But as I said, the trade may work so I will SHORT with very small lot and I'm going to sleep.

[size=3][font=Calibri]In this case the Stop would be 10 to 15 pips above RN...

right now its the H4 10 constraining.
wait till it gets close maybe for a reaction, enter with small SL, profit potential should be about 50-60 pips.

the only problem is that it is close now (16 pips) and may never actualy get there so if you enter early you risk more in your SL and your reward would be smaller as well. a good entry would be .8180-.8173 if it gets there.
  • #219
  • Jul 15, 2011 1:20am Jul 15, 2011 1:20am
Quoting kostas1
My view this morning:
EU: It seems there are some nice ping-pong areas for H4 (between 35-62) and for H1 (between 35-62). I would wait for London open to get direction. My Daily bar shows a nice red pinbar bounced from Daily 10.
GU: The Daily is being constrained by a confluence of 35/50/62 and Daily R1. The H4 200 is also rejecting south. But I am confused with GU lately, so I will trade it only if I see a clear M15 trend.
Thanks for that kostas, I think I'll be watching GU this morning too for a nice north trend if it breaks
  • #220
  • Jul 15, 2011 1:24am Jul 15, 2011 1:24am
Quoting kostas1
My view this morning:
EU: It seems there are some nice ping-pong areas for H4 (between 35-62) and for H1 (between 35-62). I would wait for London open to get direction. My Daily bar shows a nice red pinbar bounced from Daily 10.
GU: The Daily is being constrained by a confluence of 35/50/62 and Daily R1. The H4 200 is also rejecting south. But I am confused with GU lately, so I will trade it only if I see a clear M15 trend.
EU GU have both formed wedges and they need to break out of them.
mybe with the italian news a bit later today.
where is the impact rating of the news go by the way?
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