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  • #761
  • Aug 9, 2011 7:30am Aug 9, 2011 7:30am
Quoting Binyamin
Interesting comment, I will do some research on that.
Sure, see how as of this moment EU can't decide what direction to go, but remaining above 35/50, while GU is going down, favoring shorts... I don't know I just feel safer when they agree
Flp. 4:13
  • #762
  • Aug 9, 2011 7:39am Aug 9, 2011 7:39am
I am watching the CHF pairs

CHFJPY, USDCHF and EURCHF

these 3 pairs are now correlated. But they were never correlated. It looks like CHF is leading now....

There is a 10EMA touch right now for all 3 at 15M. I am taking CHFJPY because it has steeper angle.
Riding the order flow
  • #763
  • Aug 9, 2011 7:47am Aug 9, 2011 7:47am
Quoting Binyamin
There is a 10EMA touch right now for all 3 at 15M. I am taking CHFJPY because it has steeper angle.
It went right up to 10pips just to take me out at BE.
Riding the order flow
  • #764
  • Aug 9, 2011 7:54am Aug 9, 2011 7:54am
A sharp drop occurring now for GU and GJ. it is not the yen or USD because the other pairs are flat. Hmm what is going on in UK.... Anyway looking out for touch trades there.
Riding the order flow
  • #765
  • Aug 9, 2011 8:03am Aug 9, 2011 8:03am
Quoting Binyamin
A sharp drop occurring now for GU and GJ. it is not the yen or USD because the other pairs are flat. Hmm what is going on in UK.... Anyway looking out for touch trades there.
Yes there seems to be good movement at those pairs, GJ has a really wide spread at my broker tho'
Flp. 4:13
  • #766
  • Aug 9, 2011 8:06am Aug 9, 2011 8:06am
Quoting Anthar
Yes there seems to be good movement at those pairs, GJ has a really wide spread at my broker tho'
My spread for GJ is 2.6. Oanda.
Riding the order flow
  • #767
  • Aug 9, 2011 8:31am Aug 9, 2011 8:31am
Quoting Binyamin
My spread for GJ is 2.6. Oanda.
That's a great spread, I should consider changing brokers...
Flp. 4:13
  • #768
  • Aug 9, 2011 9:06am Aug 9, 2011 9:06am
Quoting Haydel
USDCHF

M15 Closed below Daily S2. Now I´m looking to SHORT at M15 10 EMA or 5 EMA on bounces from S2.
I just made +46p with this trade. Entry was exactly at 10EMA touch
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF M15 2011-0-09.png Size: 27 KB
  • #769
  • Aug 9, 2011 9:23am Aug 9, 2011 9:23am
Quoting Haydel
I just made +46p with this trade. Entry was exactly at 10EMA touch
Well done mate! you're rocking it, I could barely got out +5 pips for today...
I just chose a weird period in EU for entering
Flp. 4:13
  • #770
  • Aug 9, 2011 10:20am Aug 9, 2011 10:20am
Might be worth it looking for m15 10ema touch at UJ, that's the only one of the pairs I trade that has good steep ma's with possible 2 candle retracements

EDIT: I wouldn't like to go against that DailyS and RN tho', as price has been rejected at that level before... let's se what happens
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_poss10touch.jpg Size: 105 KB
Flp. 4:13
  • #771
  • Aug 9, 2011 11:14am Aug 9, 2011 11:14am
Quoting Anthar
Might be worth it looking for m15 10ema touch at UJ, that's the only one of the pairs I trade that has good steep ma's with possible 2 candle retracements

EDIT: I wouldn't like to go against that DailyS and RN tho', as price has been rejected at that level before... let's se what happens
Honestly, I’m avoiding JPY pairs these days; its behavior has been very unstable lately.

You are right about Daily S2 and RN, they are giving strong support, and in addition to that, there is a strong demand level around 77.04 from early 2011.08.04 where price breakout 300 pips up.

As you mentioned, M15 has already bounced form that levels two times, that is totally expected, under normal conditions a LONG there would have given +60 pips (NOT CHOROS thou).

Under normal circumstances I would think that USDJPY will rise up from the current demand level, but since I do not think that circumstances are normal for JPY, I do not feel comfortable trading JPY yet.

Well, that’s just me, and I’m not an expert.
  • #772
  • Aug 9, 2011 11:39am Aug 9, 2011 11:39am
Quoting Haydel
Honestly, I’m avoiding JPY pairs these days; its behavior has been very unstable lately.

You are right about Daily S2 and RN, they are giving strong support, and in addition to that, there is a strong demand level around 77.04 from early 2011.08.04 where price breakout 300 pips up.

As you mentioned, M15 has already bounced form that levels two times, that is totally expected, under normal conditions a LONG there would have given +60 pips (NOT CHOROS thou).

Under normal circumstances I would think that USDJPY will rise up from the current demand...
I'm not an expert either, and I think exactly what you do... I'm not so sure but that demand level from 2011.08.04 I think it might've been BoJ intervention... I appreciate your comments regarding this pairs... I haven't been trading JPY pairs either since the Tsunami...
Flp. 4:13
  • #773
  • Aug 9, 2011 6:06pm Aug 9, 2011 6:06pm
EURUSD to LONG

Possible retrace to M15 35/50 in confluence with H1 10.
  • #774
  • Aug 10, 2011 6:26am Aug 10, 2011 6:26am
EURUSD to SHORT

Looking to SHORT on M5 10EMA touch in confluence with MP and WP.
  • #775
  • Edited 6:48am Aug 10, 2011 6:33am | Edited 6:48am
Quoting Haydel
EURUSD to LONG

Possible retrace to M15 35/50 in confluence with H1 10.
Last night I made this CHOROS call that turned to be a NOT CHOROS profitable trade for +32p . Please take a look at the attached image for more details.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDUSD M15 2011-08-10.png Size: 87 KB
  • #776
  • Aug 10, 2011 6:58am Aug 10, 2011 6:58am
Quoting Haydel
Last night I made this CHOROS call that turned to be a NOT CHOROS profitable trade for +32p . Please take a look at the attached image for more details.
WOOT! nice lucky trade. Sometimes I am lucky with my mistakes as well.
Riding the order flow
  • #777
  • Aug 10, 2011 3:12pm Aug 10, 2011 3:12pm
Quoting Haydel
Last night I made this CHOROS call that turned to be a NOT CHOROS profitable trade for +32p . Please take a look at the attached image for more details.
One of my favorite sayings applies here: "Better lucky than good any day!"

At the end of the day, though, Choros or not, that trade counts! Nice job!
Luck occurs when preparation meets with opportunity.
  • #778
  • Aug 11, 2011 2:23am Aug 11, 2011 2:23am
A retrace to M5.10 will be good now after such a big move down, I ll wait for the touch for a quick scalp.
  • #779
  • Aug 11, 2011 2:44am Aug 11, 2011 2:44am
Quoting joaogr
A retrace to M5.10 will be good now after such a big move down, I ll wait for the touch for a quick scalp.
Got my 10 pips. Waiting for a new signal. It may go more down but I don't care!
  • #780
  • Aug 11, 2011 3:05am Aug 11, 2011 3:05am
If the price will stay below M5.10 I ll go for a quick scalp again and quit for the day.
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