CHOROS Interactive | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS System 16,719 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Interactive Brokers and Metatrader 0 replies

Attachments: CHOROS Interactive
Exit Attachments

CHOROS Interactive

  • #441
  • Jul 20, 2011 4:29am Jul 20, 2011 4:29am
I think a valid 35/50 touch for GY is at hand now.

update: It won't be a good touch trade by the rule.
Riding the order flow
  • #442
  • Edited 4:55am Jul 20, 2011 4:44am | Edited 4:55am
Quoting Binyamin
I think a valid 35/50 touch for GY is at hand now.

update: It won't be a good touch trade by the rule.
If the bar closes under the 50 I think it will be valid at least for 10 pips.

e: Stopped out at BE, so who knows.
  • #443
  • Jul 20, 2011 5:06am Jul 20, 2011 5:06am
interesting will be the USDCHF to watch with H1 10 constraining the price down but a H4 10 and H1 35/50/60 touch imminent.
i suppose there should be a good reaction.
also the weekly pivot is there.
  • #444
  • Jul 20, 2011 6:15am Jul 20, 2011 6:15am
M15.10 touch
  • #445
  • Jul 20, 2011 6:23am Jul 20, 2011 6:23am
Quoting joaogr
M15.10 touch
3-bar retracement...
Did it actually touch it at real time?
  • #446
  • Jul 20, 2011 6:26am Jul 20, 2011 6:26am
Quoting kk007
3-bar retracement...
Did it actually touch it at real time?
for less than a pip. I entered cause M5.35, M5.50 and H1.10 were all very close to this area.
  • #447
  • Jul 20, 2011 6:38am Jul 20, 2011 6:38am
Quoting joaogr
for less than a pip. I entered cause M5.35, M5.50 and H1.10 were all very close to this area.
a bit risky i think with price so close to the Daily 10
  • #448
  • Edited 10:28am Jul 20, 2011 8:35am | Edited 10:28am
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
Target achieved. I got +40p with that trade.

Quoting neomn
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.)…
As I understand, a Bar is constrained when the price touches or passes the MA and then closes at the MA or just below (I say below for SHORTS, obviously the opposite works for LONGS). “Pin shaped” bars with small bodies are preferred in this constrainment trades, but that is not an absolute must. A couple of H1 bars like that and I say that the H1 is being constrained by the MA.

Quoting neomn
What's the trigger for you to go short?
My trigger is a small body PinBar perfectly constrained by the 10EMA. This should be a must for triggers, but I have to admit that some times I just enter the trade when several bars (at least 3 o 4) are clearly constrained.

Quoting neomn
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.
I´m also cautious to short at the bottom, that is wise, but constrainment trades with really good setups are very reliable. As you can see HTF H4 and D1 are in a strong downtrend, so the H1 retrace to 10EMA is just a pause on the fall. But do not rely only on that, as someone taught me, always look to the left. If price have bounced at a certain level before, it will probably bounce there again. In this case, if you look to the left you will see that there is nothing close to stop the fall until 2011.05.03 at 0.9464 near our current Daily S1, so all that info gave me confidence to SHORT at 0.9505 targeting +40p at 0.9465 (1 pip more than the low at 2011.05.03 to make 40 round pips)

Please see the attached image for more.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H1 2011-07-20.png Size: 28 KB
  • #449
  • Jul 20, 2011 11:04am Jul 20, 2011 11:04am
Quoting Haydel
As I understand, a Bar is constrained when the price touches or passes the MA and then closes at the MA or just below (I say below for SHORTS, obviously the opposite works for LONGS). “Pin shaped” bars with small bodies are preferred in this constrainment trades, but that is not an absolute must. A couple of H1 bars like that and I say that the H1 is being constrained by the MA.

My trigger is a small body PinBar perfectly constrained by the 10EMA. This should be a must for triggers, but I have to admit that some times I just enter the trade when...
Good job Haydel. and thanks for the explanation.

I was actually mistaken of using sma 10 instead of ema. Duh!
  • #450
  • Jul 20, 2011 11:40am Jul 20, 2011 11:40am
Quoting Haydel
Target achieved. I got +40p with that trade.
Thanks Haydel, to me it was a good example of a textbook 10EMA constrainment trade.
Riding the order flow
  • #451
  • Jul 21, 2011 12:26am Jul 21, 2011 12:26am
just a reminder for EU and GU, we are very close to the highs of the last swing. so watch it.
  • #452
  • Jul 21, 2011 12:50am Jul 21, 2011 12:50am
Quoting asos101
just a reminder for EU and GU, we are very close to the highs of the last swing. so watch it.
In EU the RN 1.43 has also a confluence of Daily 50/62 and Daily R2. It would be a good area to start swinging down again, but today there is big news from the EU economic summit so the action may be irregular..
  • #453
  • Jul 21, 2011 1:07am Jul 21, 2011 1:07am
AU M15 MA 35...??
  • #454
  • Jul 21, 2011 1:12am Jul 21, 2011 1:12am
Quoting Fxprince12
AU M15 MA 35...??
As a touch? No, because it broke the 15 pip rule.

Also to add, it took a lot of bars to get there and from what I read in the old dance thread, the bars are being scooped up and eclayf did comment he wont take the touch in that scenario.
Riding the order flow
  • #455
  • Jul 21, 2011 1:24am Jul 21, 2011 1:24am
Quoting Binyamin
As a touch? No, because it broke the 15 pip rule.

Also to add, it took a lot of bars to get there and from what I read in the old dance thread, the bars are being scooped up and eclayf did comment he wont take the touch in that scenario.
thanks for your comment...
i'll wait for clear rejection bar..otherwise i'll pass...
  • #456
  • Jul 21, 2011 2:55am Jul 21, 2011 2:55am
It seems we will have interesting RNs today for EU. We talked earlier about the 1.43 area. Now look at the 1.42 area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 126 KB
  • #457
  • Jul 21, 2011 4:21am Jul 21, 2011 4:21am
Quoting kostas1
It seems we will have interesting RNs today for EU. We talked earlier about the 1.43 area. Now look at the 1.42 area.
Unfortunately this area broke
You are allowed to fall but you are imposed to get up!
  • #458
  • Jul 21, 2011 4:28am Jul 21, 2011 4:28am
Quoting iero4
Unfortunately this area broke

(EDIT: Not even a fake signal for bouncing, so no problem...)
Turn on the Greek TV....
http://www.forexfactory.com/news.php?do=news&id=305251

A day like today needs nibbling. I am looking now for short opportunities from retraces on M5 10, M15 10.
  • #459
  • Jul 21, 2011 5:01am Jul 21, 2011 5:01am
since the previous swing highs held, it was clear its gonna be bears' day.
  • #460
  • Jul 21, 2011 5:09am Jul 21, 2011 5:09am
Quoting kostas1
A day like today needs nibbling. I am looking now for short opportunities from retraces on M5 10, M15 10.
This is +12p from M5 10 bounce. Next is M15 10.
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 77 KB
3 traders viewing now