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  • #861
  • Aug 22, 2011 9:54am Aug 22, 2011 9:54am
Quoting asos101
looks like Kostas pulled the carpet under GU's legs
I am still short from the first M15 rejection of DP, and takes forever to get to WP.
  • #862
  • Aug 22, 2011 9:55am Aug 22, 2011 9:55am
EU is not giving a long M5 formation so it will probably go at least to 1.435
  • #863
  • Aug 22, 2011 9:58am Aug 22, 2011 9:58am
Quoting kostas1
I am still short from the first M15 rejection of DP, and takes forever to get to WP.
i really want to see your excuse for playing a flat market (again)
  • #864
  • Aug 22, 2011 10:04am Aug 22, 2011 10:04am
Quoting kostas1
I am still short from the first M15 rejection of DP, and takes forever to get to WP.
Out for +44p. I am done, but it could reach Daily S1 so watch for M15 10 or M5 10 shorts...
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 111 KB
  • #865
  • Aug 22, 2011 10:06am Aug 22, 2011 10:06am
Quoting kostas1
EU is not giving a long M5 formation so it will probably go at least to 1.435
You're right, a valid H4 signal, must have given a better PA reaction for entering long... I didn't take it... great trade with the GU mate! I haven't traded much 'cause I can only see flat MA's tho... and don't have the experience needed, lol... my best to you
Flp. 4:13
  • #866
  • Aug 22, 2011 10:07am Aug 22, 2011 10:07am
Quoting asos101
i really want to see your excuse for playing a flat market (again)
Excuses:
1. Daily red pinbar
2. The sweet spot I was talking about earlier this morning. I had a strong belief that WP will be checked. Now it may bounce back up hard, but I have the impression that Daily S1 confluenced with H4 62 will be visited.
  • #867
  • Aug 22, 2011 10:17am Aug 22, 2011 10:17am
Quoting kostas1
For the long on EU I would probably wait for the WP confluenced with H4 10/35 (around 1.4385).
You are the master Kostas.

Entered LONG exactly at RN and M15 50EMA touch, price went up like 15 pips, I moved SL to BE.
At the end trade closed at BE

I need more experience...
  • #868
  • Aug 22, 2011 10:20am Aug 22, 2011 10:20am
Quoting Haydel
Hello every one,

I was really busy last week due to some out of office responsibilities, missing all the action among you. Hopping this week will be more active for me.

Here is my first post for this week.

AUDUSD Area of Interest to LONG, marked in red in the attached charts.

It is still too early to tell but if price retrace to M15 35/50 in confluence with Weekly Pivot and H1 10 then that would be a good place to LONG.

Any thoughts?

I ended up Losing -15p with this one . I’m hoping to recover SHORTING GU.
  • #869
  • Aug 22, 2011 10:26am Aug 22, 2011 10:26am
Quoting kostas1
Excuses:
1. Daily red pinbar
2. The sweet spot I was talking about earlier this morning. I had a strong belief that WP will be checked. Now it may bounce back up hard, but I have the impression that Daily S1 confluenced with H4 62 will be visited.
i had a hint when i saw the clearing of the stops with that failed Dp attempt earlier, the retrace of that last swing to the 23% fib would be the ideal spot to enter i think.
not Choros but i have seen that clearing of stops so many times now before a move that plays out a good % of times. looks like the big boys are rather greedy.

my only (other) question is why you didnt close at BE and re-enter when it came back to you.
anyway, i'll let you slip by that time young man.
  • #870
  • Aug 22, 2011 10:32am Aug 22, 2011 10:32am
Quoting Haydel
I ended up Losing -15p with this one . I’m hoping to recover SHORTING GU.
how about when it moves in your favor to not let it get back and hit you on the head?
did that this weekend on sim.
-if trade starts bad, let it hit my SL
-if trade goes my way for a few and then gets back, close at BE
-if it goes past 10pips i will decide when to close it and how far i will let it come back.
say a 10 pip trade i will only allow to come back to 5-6pips, a 15pip only 10, a 20 only 15.. and so on.
guess what?
i took a random week on EU, closed with over 100pips by wednesday
  • #871
  • Aug 22, 2011 10:34am Aug 22, 2011 10:34am
Quoting asos101
my only (other) question is why you didnt close at BE and re-enter when it came back to you.
I was not in front of the PC at the time so I gave it 20p SL which was 10p above DP, convinced that it will go down for the reasons I mentioned.
  • #872
  • Aug 23, 2011 12:42am Aug 23, 2011 12:42am
GU:
Constrainment long from H4 35.
Constrainment short from H4 10, H1 50/62

Who wins, who wins????
  • #873
  • Aug 23, 2011 12:45am Aug 23, 2011 12:45am
EU:
looks like ping-pong in H4 35-50. H4 50is confluenced with Daily 10, H4 35 is confluenced with WP.
Overall, it may take a while to decide which way to go this morning.
As Asos said yesterday:"trading is more about waiting than actual trading"
  • #874
  • Aug 23, 2011 12:55am Aug 23, 2011 12:55am
Quoting kostas1
EU:
looks like ping-pong in H4 35-50. H4 50is confluenced with Daily 10, H4 35 is confluenced with WP.
Overall, it may take a while to decide which way to go this morning.
As Asos said yesterday:"trading is more about waiting than actual trading"
been reading it a lot here in FF. so i hope the more i type it the more it sticks with me .
as for decisions, its news day. something will move for sure.
as i also read here somewhere, "price can only go Up, Down, or Sideways" easy
  • #875
  • Aug 23, 2011 1:11am Aug 23, 2011 1:11am
Quoting kostas1
EU:
looks like ping-pong in H4 35-50. H4 50is confluenced with Daily 10, H4 35 is confluenced with WP.
Overall, it may take a while to decide which way to go this morning.
As Asos said yesterday:"trading is more about waiting than actual trading"
Similar view about EU - cannot see much,
but I want to add one thing after D1 PA: yesterday D1 bar is an inside bar.
  • #876
  • Aug 23, 2011 1:17am Aug 23, 2011 1:17am
Quoting kostas1
GU:
Constrainment long from H4 35.
Constrainment short from H4 10, H1 50/62

Who wins, who wins????
I think constrainment short is more likely if you look at D1 PA.
  • #877
  • Edited 1:54am Aug 23, 2011 1:43am | Edited 1:54am
H1 Scoop? Confluence with M15 E50.

edit: added M15 chart. Will take M15 10 touch if the two bar rule can hold.
Attached Images
Hindsight is 20/20
  • #878
  • Aug 23, 2011 1:55am Aug 23, 2011 1:55am
Quoting kostas1
GU:
Constrainment long from H4 35.
Constrainment short from H4 10, H1 50/62

Who wins, who wins????
I entered constrainment short first at H1.E50 and failed -8pip (TP +10pip).
Then I entered constrainment long (the trigger level is not very choros I admit) and won back +15pip (SL -5pip)

P.S. I later realize that the constrainment short was blocked also by M15.35/50 and DPP.
Attached Image
  • #879
  • Aug 23, 2011 5:18am Aug 23, 2011 5:18am
Quoting cosgrove
Will take M15 10 touch if the two bar rule can hold.
Finally took the touch of the 10 EMA on the M15 after it matched previous highs, but it looks like all the buyers from this morning's London session went to lunch after not being able to break said highs.

Will try again during NY if a setup presents itself.
Hindsight is 20/20
  • #880
  • Aug 24, 2011 1:10am Aug 24, 2011 1:10am
GBP:

H4.S35 constrainment?
H4.E50 @ WPP?
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