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CHOROS Interactive

  • #401
  • Jul 19, 2011 6:46am Jul 19, 2011 6:46am
Quoting kevguy
constrainment entry M15 10EMA looking long. probably waiting to shoot up when NY opens. im in long with 5 pip stop loss on touch of 10 ema.
just keep in mind that unless we are trending heavily M15 10 doesnt give a strong constrainment.
i would expect it to come down to touch 1.6100 before entering long.
just my thoughts.
  • #402
  • Jul 19, 2011 6:47am Jul 19, 2011 6:47am
EU constrainment on M15 10MA forming now?
  • #403
  • Jul 19, 2011 6:55am Jul 19, 2011 6:55am
guys... you do understand that the MAs are driven by price and not the other way around right?
for the past hour the action is rather flat, posibly waiting the news in half an hour.
keep in mind that M15 10 action entries have meaning when we trend and not when things are flat.
  • #404
  • Jul 19, 2011 7:14am Jul 19, 2011 7:14am
Quoting asos101
guys... you do understand that the MAs are driven by price and not the other way around right?
for the past hour the action is rather flat, posibly waiting the news in half an hour.
keep in mind that M15 10 action entries have meaning when we trend and not when things are flat.
Agree with you, here is what the founder of the dance system have to say about M15 10 trades
http://www.forexfactory.com/showthre...62#post3603362
Riding the order flow
  • #405
  • Jul 19, 2011 7:31am Jul 19, 2011 7:31am
Possible GBPUSD LONG

Point of interest 1.6100 RN

Confluence of:

M15: 35/50
H1: 10EMA and 62SMA
H4: 10EMA


If price gets there.

But be careful because price seems beeing rejected from Daily R1.
  • #406
  • Jul 19, 2011 9:38am Jul 19, 2011 9:38am
Quoting kk007
GU/EU/EJ all M15 35/50 waiting
Anyone caught EU/EJ M15 35/50? PA was not completely clean, and I was away.
  • #407
  • Jul 19, 2011 9:59am Jul 19, 2011 9:59am
Quoting kk007
Anyone caught EU/EJ M15 35/50? PA was not completely clean, and I was away.
yeah I caught the first touch of EJ for 20 pips(trail SL right up to RN). That even out my previous 20 pip loss. Now I am even for the day.

I didn't take EU, to me there were too many bars leading to the touch which probably broke one of the rule.
Riding the order flow
  • #408
  • Jul 19, 2011 10:35am Jul 19, 2011 10:35am
I see MA for the other pairs diverging right now. I am done for the night.
Riding the order flow
  • #409
  • Jul 19, 2011 10:45am Jul 19, 2011 10:45am
Quoting Haydel
Possible GBPUSD LONG

Point of interest 1.6100 RN

Confluence of:

M15: 35/50
H1: 10EMA and 62SMA
H4: 10EMA


If price gets there.

But be careful because price seems beeing rejected from Daily R1.
The price was previously constrained in the same area for long time and I'm afraid will stay flat, maybe if it comes down to 6100 I will go for one last trade I'm +27 for the day. Good call
  • #410
  • Jul 19, 2011 3:20pm Jul 19, 2011 3:20pm
waiting on price to touch steep 10ema for a secondary trade.
Attached Image (click to enlarge)
Click to Enlarge Name: the dance 4.png Size: 38 KB
  • #411
  • Jul 19, 2011 3:49pm Jul 19, 2011 3:49pm
took two concurrent trades for profit and closed out one small one as pair neared h4 35.
Attached Image (click to enlarge)
Click to Enlarge Name: the dance 5.png Size: 46 KB
  • #412
  • Jul 19, 2011 9:28pm Jul 19, 2011 9:28pm
Possible USDCAD H1 Constrainment to SHORT

H1: Constrained by 10EMA, Strong downtrend (Parallel 35/50)
H4: Strong downtrend, price below 35, 50 and 10
D1: Strong downtrend, price below 35, 50 and 10

The setup is there, I will wait to see 3 or 4 H1 bars clearly constrained by 10EMA before SHORTING.

Target could be near Daily S1 at 0.9452
  • #413
  • Jul 19, 2011 11:05pm Jul 19, 2011 11:05pm
Quoting Haydel
Possible USDCAD H1 Constrainment to SHORT

H1: Constrained by 10EMA, Strong downtrend (Parallel 35/50)
H4: Strong downtrend, price below 35, 50 and 10
D1: Strong downtrend, price below 35, 50 and 10

The setup is there, I will wait to see 3 or 4 H1 bars clearly constrained by 10EMA before SHORTING.

Target could be near Daily S1 at 0.9452
Haydel,
What do you mean when you refering constrained by H1 10 EMA? I see the last 3 or 4 bars are supported by the H1 10 ema, the 10 ma under these bar.)
What's the trigger for you to go short?

It look like price is at the lowest point, also round number, after a sharp drop in last session. At least for me, I am quite caustious of short at the bottom. On the other hand, these crosses are quite often make unexpected move at ongoing direction.
  • #414
  • Jul 19, 2011 11:24pm Jul 19, 2011 11:24pm
Quoting Haydel
Possible USDCAD H1 Constrainment to SHORT

H1: Constrained by 10EMA, Strong downtrend (Parallel 35/50)
H4: Strong downtrend, price below 35, 50 and 10
D1: Strong downtrend, price below 35, 50 and 10

The setup is there, I will wait to see 3 or 4 H1 bars clearly constrained by 10EMA before SHORTING.

Target could be near Daily S1 at 0.9452
watching
Riding the order flow
  • #415
  • Jul 19, 2011 11:32pm Jul 19, 2011 11:32pm
lets see how this plays out...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1.png Size: 54 KB
  • #416
  • Jul 20, 2011 12:08am Jul 20, 2011 12:08am
Quoting sdcasper
took two concurrent trades for profit and closed out one small one as pair neared h4 35.
Thank you for sharing
Riding the order flow
  • #417
  • Jul 20, 2011 12:19am Jul 20, 2011 12:19am
i felt that the closes above the 50ema would make for a nice entry and save me from my original trade entry point.

anyone make a case for a short at either entry position.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 2.png Size: 56 KB
  • #418
  • Jul 20, 2011 1:12am Jul 20, 2011 1:12am
GU M15 35/50??
  • #419
  • Jul 20, 2011 1:27am Jul 20, 2011 1:27am
Quoting sdcasper
i felt that the closes above the 50ema would make for a nice entry and save me from my original trade entry point.

anyone make a case for a short at either entry position.
first of all try to explain a bit better how/why you enter in Dance/Choros terms, i have a hard time to understand what you do.

also plz read Kostas1 first post at this thread and try to follow the rules.

if i may add, (i think i have said so already) UJ at the moment is flat, its been flat for 3 days now. this strategy requires some movement/trend to be in place. the MAs dont mean a thing when price consolidates in such tight range for so long.

as for the rules of the thread i dont try to be an ass but its better if we keep at them as close as possible. this is a great thread and we will all benefit from it, so i dont want to see it getting derailed.

this is my thoughts only, if Kostas thinks otherwise he can correct me of course.
  • #420
  • Jul 20, 2011 1:31am Jul 20, 2011 1:31am
Quoting kk007
GU M15 35/50??
there could be a reaction but i think price just reacted off the H1 35/50 wich of course is stronger that the M15 ones.
other than that, GU is still flat, better wait for some movement
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