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CHOROS Interactive

  • #361
  • Jul 18, 2011 6:57am Jul 18, 2011 6:57am
Quoting kostas1
... WP area (at which point I should start considering shorts).
Went short at 1.4086, just moved to BE I´m +13p right now.
  • #362
  • Jul 18, 2011 6:58am Jul 18, 2011 6:58am
Double pin against WPP, enter on retracement. quick +10 pip (R:R =1:1).
Attached Image
  • #363
  • Jul 18, 2011 6:58am Jul 18, 2011 6:58am
Quoting Haydel
Went short at 1.4086, just moved to BE I´m +13p right now.
it could be time for a bounce up again
  • #364
  • Jul 18, 2011 6:59am Jul 18, 2011 6:59am
Quoting Haydel
Went short at 1.4086, just moved to BE I´m +13p right now.
Same here... took profit +10 pip
  • #365
  • Jul 18, 2011 7:00am Jul 18, 2011 7:00am
Quoting asos101
it could be time for a bounce up again
+10 pip is ok for me now, so many occasions profit were BE...
  • #366
  • Jul 18, 2011 7:03am Jul 18, 2011 7:03am
Quoting asos101
it could be time for a bounce up again
You're right, closed it exaclty at +20p at M15 50/10 bounce

You are number one Kostas1
  • #367
  • Jul 18, 2011 7:03am Jul 18, 2011 7:03am
Quoting kk007
+10 pip is ok for me now, so many occasions profit were BE...
May enter again at 1.41000 + H1.E50 if PA ok..
  • #368
  • Edited 7:32am Jul 18, 2011 7:14am | Edited 7:32am
Quoting kostas1
GU:
Possible sweet long at the 1.6030 area due to confluence of: Monthly Pivot, Weekly Pivot, Daily S2, H4 35/50/62, Daily 10.
Since it is higher TF I would wait for clear M15 rejection of that area (assuming it makes it down there...).

We are getting there !!!

EDIT: We got exactly there, now I´m wating for the M15 rejection.
EDIT: No M15 PinBar yet...
  • #369
  • Jul 18, 2011 7:34am Jul 18, 2011 7:34am
Quoting Haydel
We are getting there !!!

EDIT: We got exactly there, now I´m wating for the M15 rejection.
EDIT: No M15 PinBar yet...
when i saw it stalling i thought it would react, but then again the H4 MAs are in wrong order.
  • #370
  • Jul 18, 2011 7:36am Jul 18, 2011 7:36am
GU channel breakout???
Attached Image
  • #371
  • Jul 18, 2011 7:49am Jul 18, 2011 7:49am
Quoting asos101
when i saw it stalling i thought it would react, but then again the H4 MAs are in wrong order.
You are right; I think that if GU closes below H1 200SMA the price will continue falling to 1.5965 where it could bounce for a LONG. If GU closes above H1 200SMA it may climb form there.
I can't see a clear CHOROS signal yet.
  • #372
  • Jul 18, 2011 7:57am Jul 18, 2011 7:57am
Quoting Haydel
You are right; I think that if GU closes below H1 200SMA the price will continue falling to 1.5965 where it could bounce for a LONG. If GU closes above H1 200SMA it may climb form there.
I can't see a clear CHOROS signal yet.
it will eventualy stop at a fib or a major previous SR level or a confluence of both preferably, but if i dont see MAs i recognise i have no confidence trading those.
  • #373
  • Jul 18, 2011 8:41am Jul 18, 2011 8:41am
Quoting kk007
Double pin against WPP, enter on retracement. quick +10 pip (R:R =1:1).
I am glad that you got a winner but I would slow down trading if I were you. Take your time and focus only on the best opportunities, try to limit yourself to 3 trades daily. If you see an opportunity, think if that would justify it being in your daily list of 3 trades. The last trade you took was a real good opportunity for example....
Attached Image (click to enlarge)
Click to Enlarge Name: kk007.jpg Size: 86 KB
  • #374
  • Jul 18, 2011 8:47am Jul 18, 2011 8:47am
unfortunately i'm sitting short on this one. what do you guys call this setup as the price has been side stepping the ema's for some time now. this looks like a solid long trade with price sitting uptop the ema's and price piercing the 35/50 multiple times.
Attached Image (click to enlarge)
Click to Enlarge Name: the dance 3.png Size: 45 KB
  • #375
  • Jul 18, 2011 9:07am Jul 18, 2011 9:07am
Quoting kostas1
I am glad that you got a winner but I would slow down trading if I were you. Take your time and focus only on the best opportunities, try to limit yourself to 3 trades daily. If you see an opportunity, think if that would justify it being in your daily list of 3 trades. The last trade you took was a real good opportunity for example....
Dear kostas1,

You are so nice to create the graphic work....
I forgot to erase the previous experimental entries when I posted my chart ...
I experimentally entered one trade, it failed, another failed,... wondering why not halfly failed and halfly success, and experimented with another.... and failed and experiment again and failed.

Now, I am thinking to separate two accounts, one for experiment and one for more serious demo trading....

Many thanks again... very kind of you...

cheers, kk007
  • #376
  • Jul 18, 2011 2:41pm Jul 18, 2011 2:41pm
Quoting sdcasper
unfortunately i'm sitting short on this one. what do you guys call this setup as the price has been side stepping the ema's for some time now. this looks like a solid long trade with price sitting uptop the ema's and price piercing the 35/50 multiple times.
It looks a lot like a 4 hr constrainment short.
  • #377
  • Jul 18, 2011 5:37pm Jul 18, 2011 5:37pm
Possible GBPUSD SHORT
H4 2-bar retrace to 10EMA
Confluence with H1 35/50


Point of interest 1.6076
  • #378
  • Jul 18, 2011 6:10pm Jul 18, 2011 6:10pm
Quoting Haydel
Possible GBPUSD SHORT
H4 2-bar retrace to 10EMA
Confluence with H1 35/50


Point of interest 1.6076
My Oanda chart shows h1 35/50 at 1.6086/83, h4 10 at 1.6082.
  • #379
  • Jul 18, 2011 6:28pm Jul 18, 2011 6:28pm
Quoting Greenhill
My Oanda chart shows h1 35/50 at 1.6086/83, h4 10 at 1.6082.
That is correct, but as you may have noticed, price usually gets close to a MA but doesn't get to touch it, then retrace, and then when the bar close it closes with the high or low actually touching the MA. Have you seen that?

That "could" happen with H4 10 this time at 1.6076

Price bounced on 1.6076 before and now that level is in near confluence with H4 10 and H1 35/50, which is why I highlighted it as a point of interest.

But is wise to wait for M15 confirmation before SHORTING.
  • #380
  • Jul 18, 2011 10:22pm Jul 18, 2011 10:22pm
H4 close at the 10ema...maybe my short still stands a chance.
Attached Image (click to enlarge)
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