DislikedEU looks like is trapped in ping-pong between H1 35 and H1 62. Until I see clear direction I would wait.Ignored
CHOROS System 16,530 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
DislikedEU looks like is trapped in ping-pong between H1 35 and H1 62. Until I see clear direction I would wait.Ignored
DislikedMy EU view:
-The Daily bar has nicely bounced from EMA10 (long)
-The H4 seems to be constraining the price below EMA 10 (short)
-There is a sweet confluence at the Daily S1 area with H4 35/50/62, Daily 10 (short)
So overall there may be some early fake trends so be careful. If I were to guess, I would expect price to check the confluence at Daily S1 (around 1.4327) or even check 1.4300 before trying to turn north again. If the H1 50/62 and RN 1.44 hold the price then it may travel higher from here. Waiting for London open to decide.......Ignored
DislikedA H1 S/R and the Yesterday low also confluencing there, but I am looking for longing there.Ignored
DislikedIs EUR.M15 constrained by S35 and E50? 3 bar touches in a row already?Ignored
DislikedIt is, but RN 1,44 and H1 62 are constraining up. So it will be confusing for a while until a direction becomes clear.Ignored
DislikedGU view:
Looks to me that there is a nice confluence for long, just below the RN with DP, H1 35, H4 10. Even though it is not a 2bar H4 10 retrace if the M15 shows rejection of the H4 10, I will probably try long there.Ignored
DislikedIs EUR.M15 constrained by S35 and E50? 3 bar touches in a row already?Ignored
DislikedYour observation was worth a scalping +15p (50% of my daily profit). This is not regular CHOROS. Just take advantage of M1 action from using M15 lines. In the graph the brown is EMA750, and grey is SMA 525. They are the equivalent of M15 50/35.
This lasted 5-6 min and I am half the way done for the day. DON'T try this unless you have built a lot of experience with how your currency moves around these lines.Ignored
DislikedWell done. But it is not my observation, I was thinking about a standard constrainment..Ignored
DislikedIt is. In a standard constrainment, if you open M1, you will see M1 rejection of the corresponding MA from the higher TF. In those cases you can scalp in the M1. So, when you alerted for the constrainment, I was ready to see M1 rejection to short for 10-15 pips.Ignored
DislikedWatching G/U H1 E50 for the next hour. Would be first touch of this retracement, along with a zone where resistance => support (6472).
M15 looks like porcupine city, and the H1 E50 angle is sort of low (~22 degrees)Ignored