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  • #801
  • Aug 17, 2011 12:19am Aug 17, 2011 12:19am
Quoting kostas1
EU looks like is trapped in ping-pong between H1 35 and H1 62. Until I see clear direction I would wait.
This was yesterday alert...
  • #802
  • Aug 17, 2011 12:20am Aug 17, 2011 12:20am
Quoting cosgrove
In it now on demo, half off at +10 and stop at BE.
Too fast for me to get in...
  • #803
  • Aug 17, 2011 1:16am Aug 17, 2011 1:16am
Quoting kk007
GBP H1.S35 @ 1.64000?
Quoting cosgrove
In it now on demo, half off at +10 and stop at BE.
Closed second half ~15 mins before news release at previous H1 wick for +50.
Attached Image
Hindsight is 20/20
  • #804
  • Aug 17, 2011 10:54pm Aug 17, 2011 10:54pm
My 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....
  • #805
  • Aug 17, 2011 11:01pm Aug 17, 2011 11:01pm
GU 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.
  • #806
  • Aug 17, 2011 11:12pm Aug 17, 2011 11:12pm
Quoting kostas1
My 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.......
A H1 S/R and the Yesterday low also confluencing there, but I am looking for longing there.
  • #807
  • Aug 17, 2011 11:17pm Aug 17, 2011 11:17pm
Quoting kk007
A H1 S/R and the Yesterday low also confluencing there, but I am looking for longing there.
You SHOULD be long. The short in parenthesis means that I expect price to go down from current prices to meet the confluence. So AT the confluence you should start looking for long signals.... I can see how my description can be confusing.....
  • #808
  • Aug 17, 2011 11:28pm Aug 17, 2011 11:28pm
Is EUR.M15 constrained by S35 and E50? 3 bar touches in a row already?
  • #809
  • Aug 17, 2011 11:30pm Aug 17, 2011 11:30pm
Quoting kk007
Is EUR.M15 constrained by S35 and E50? 3 bar touches in a row already?
It is, but RN 1,44 and H1 62 are constraining up. So it will be confusing for a while until a direction becomes clear.
  • #810
  • Aug 17, 2011 11:38pm Aug 17, 2011 11:38pm
Quoting kostas1
It is, but RN 1,44 and H1 62 are constraining up. So it will be confusing for a while until a direction becomes clear.
Cheers kostas1

! GBP H1.E50 + W.R1 + S/R @ 1.6467
  • #811
  • Edited Aug 18, 2011 12:19am Aug 17, 2011 11:45pm | Edited Aug 18, 2011 12:19am
Quoting kostas1
GU 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.
Look to me too less "space" and consolidated too long, M15 35/50 getting flat.
Long at DP also mean trading against M15.35/50 and H1.E10 confluence.

P.S..Your alert did work out!!!!
  • #812
  • Aug 18, 2011 12:01am Aug 18, 2011 12:01am
AUD M15.35/50 + H1.E10?
  • #813
  • Aug 18, 2011 12:20am Aug 18, 2011 12:20am
Quoting kk007
Is EUR.M15 constrained by S35 and E50? 3 bar touches in a row already?
Your 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.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 130 KB
  • #814
  • Aug 18, 2011 12:57am Aug 18, 2011 12:57am
Well done. But it is not my observation, I was thinking about a standard constrainment..

EUR is ping pong within a 30 pip range, not something I can do much with...

Quoting kostas1
Your 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.
  • #815
  • Aug 18, 2011 12:59am Aug 18, 2011 12:59am
Quoting kk007
Well done. But it is not my observation, I was thinking about a standard constrainment..
It 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.
  • #816
  • Aug 18, 2011 1:56am Aug 18, 2011 1:56am
Quoting kostas1
It 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.
Thanks, let me bear this in mind.
  • #817
  • Aug 18, 2011 2:23am Aug 18, 2011 2:23am
We got a fast mover in the AUD pairs, I waiting for a good touch.
Riding the order flow
  • #818
  • Aug 18, 2011 2:53am Aug 18, 2011 2:53am
Watching 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)
Hindsight is 20/20
  • #819
  • Aug 18, 2011 8:26am Aug 18, 2011 8:26am
Quoting cosgrove
Watching 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)
It was not in the timeframe that I mentioned in the quote, because I snoozed for a bit and forgot to cancel the orders. Woke up and closed out the second half ~15m before news.
Attached Image
Hindsight is 20/20
  • #820
  • Aug 18, 2011 11:01pm Aug 18, 2011 11:01pm
'gmorning all
EU and GU look rather constrained by the H4 10. but its friday so they could be ranging for teh whole day as well.
i hope Kostas can give us a better picture.
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