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CHOROS Interactive

  • #1,121
  • Sep 8, 2011 3:45am Sep 8, 2011 3:45am
Quoting messiahua
Me too got lucky, took as scooped up, expected another loss and didn't believe gu shot north, exited at +42.
it would be good for for 15-20 pips. my target was just at the H1 35.
i feel it would be good because the scooping up had finished and was already forming a step for it way up.

really weird though, still no news
edit: whats this mean? http://www.forexfactory.com/news.php?do=news&id=313781
edit2: looks like there was a larger than normal activity/orders. maybe someone knows the forthcoming news..
  • #1,122
  • Sep 8, 2011 3:46am Sep 8, 2011 3:46am
i was on the other side of the trade with quite big stop (wasnt big enough)
  • #1,123
  • Sep 8, 2011 3:56am Sep 8, 2011 3:56am
Quoting asos101
edit2: looks like there was a larger than normal activity/orders. maybe someone knows the forthcoming news..
Asos101 always remember that "it takes only one trader to move the market where ever he wants". Imagine if you were a big player (bank etc.)...if you would buy 1.000.000 at an instance how would the market act?
You are allowed to fall but you are imposed to get up!
  • #1,124
  • Sep 8, 2011 4:04am Sep 8, 2011 4:04am
Quoting iero4
Asos101 always remember that "it takes only one trader to move the market where ever he wants". Imagine if you were a big player (bank etc.)...if you would buy 1.000.000 at an instance how would the market act?
yep, especially in low liquidity times like the past 2 days
  • #1,125
  • Sep 8, 2011 4:12am Sep 8, 2011 4:12am
Quoting iero4
Asos101 always remember that "it takes only one trader to move the market where ever he wants". Imagine if you were a big player (bank etc.)...if you would buy 1.000.000 at an instance how would the market act?
i dont think 1.000.000 would make much difference to be honest. each minute is traded around 100-150 contracts = 10-15 mil
  • #1,126
  • Sep 8, 2011 4:23am Sep 8, 2011 4:23am
Quoting tonny47
i dont think 1.000.000 would make much difference to be honest. each minute is traded around 100-150 contracts = 10-15 mil
Yes indead but I was just trying to explain to asos what I think happened here...Lets say then 10.000.000.000
You are allowed to fall but you are imposed to get up!
  • #1,127
  • Sep 8, 2011 4:24am Sep 8, 2011 4:24am
By the way...I managed to take 35 pips from this G/U crazy upward move
You are allowed to fall but you are imposed to get up!
  • #1,128
  • Sep 8, 2011 4:30am Sep 8, 2011 4:30am
Quoting iero4
Yes indead but I was just trying to explain to asos what I think happened here...Lets say then 10.000.000.000
lol thats truth

congrats to your pips
  • #1,129
  • Sep 8, 2011 6:33am Sep 8, 2011 6:33am
I think it is time to start looking for shorts in E/U
You are allowed to fall but you are imposed to get up!
  • #1,130
  • Sep 8, 2011 6:40am Sep 8, 2011 6:40am
We're at the 10 on the M15 but there are 5 minutes left in the bar.

What to do?

Quoting iero4
I think it is time to start looking for shorts in E/U
  • #1,131
  • Sep 8, 2011 6:48am Sep 8, 2011 6:48am
Quoting cmeade2
We're at the 10 on the M15 but there are 5 minutes left in the bar.

What to do?
I am short but I will take quick profit (if I take...)

EDIT: I took 10 pips and I am finished for today. Daily target reached.
You are allowed to fall but you are imposed to get up!
  • #1,132
  • Sep 8, 2011 6:50am Sep 8, 2011 6:50am
Quoting iero4
I am short but I will take quick profit (if I take...)
Quick profit is the best in this EU shorting, PA might begin a scoop up on M5 and I don't like the disagreement with GU (personal issue)
Flp. 4:13
  • #1,133
  • Sep 8, 2011 6:54am Sep 8, 2011 6:54am
Quoting iero4
I am short but I will take quick profit (if I take...)
Please be aware of the option expiry:

1500BST(10am NY cut)
EUR/USD - 1.4000
GBP/USD 1.6010
  • #1,134
  • Edited 12:19pm Sep 8, 2011 11:40am | Edited 12:19pm
Quoting cmeade2
We're at the 10 on the M15 but there are 5 minutes left in the bar.

What to do?

In EURUSD the 9/7/2011 daily bar is a pin bar(confluence with an inside bar) rejecting PPA, that tells me EURUSD has a higher chance than usual to push towards 1.3850 or the previous low in July within 2 days. (I open a trade on the dailies too)

Knowing what the daily indicated. On the 15M a pin bar rejected 1.4000 and the 10 EMA was steep. The pin was also rejecting PPA and 10EMA. There was also a double top. Not to mention 35/50 was steep/parallel Enough of a story for some drama, 6 stories in fact. Sold low of the pin with the SL at the high. I took my 1st TP at 8 pips and the 2nd trade exit at a pin bar indicating a trend reversal just under 1.3950. Example of a hi probability setup that happens quite frequently. From hindside I should have let the trade ride but the reversal pin bar happen too nicely at a PPA and a round number. Can't have everything we want in life can we.

Right away when I exited that trade, on the H1 EURUSD there was a bearish engulfing and a double low being broken with steep 10EMA. I was feeling happy and I didn't see it went pass I should have taken it. Ah well I am satisfied today.
Riding the order flow
  • #1,135
  • Sep 8, 2011 12:06pm Sep 8, 2011 12:06pm
Quoting Binyamin
In EURUSD the 9/7/2011 daily bar is a pin bar(confluence with an inside bar) rejecting PPA, that tells me EURUSD has a higher chance than usual to push towards 1.3850 or the previous low in July. (I open a trade on the dailies too)

Knowing what the daily indicated. On the 15M a pin bar rejected 1.4000 and the 10 EMA was steep. The pin was also rejecting PPA and 10EMA. There was also a double top. Enough of a story for some drama, 5 stories in fact. Sold low of the pin with the SL at the high. I took my 1st TP at 8 pips and the 2nd trade exit at...
Your recent posts over the analisis you make on the markets and the confluence you look for in your entries have been just great mate! I have read them again and again trying to fully get a grip on your concepts...
It would be great if in some spare time you have you posted the chart explaining this last post... anyway I'm trying to fully comprehend it, thanks for your inputs Bin!
Flp. 4:13
  • #1,136
  • Sep 8, 2011 10:02pm Sep 8, 2011 10:02pm
Quoting Anthar
Your recent posts over the analisis you make on the markets and the confluence you look for in your entries have been just great mate! I have read them again and again trying to fully get a grip on your concepts...
It would be great if in some spare time you have you posted the chart explaining this last post... anyway I'm trying to fully comprehend it, thanks for your inputs Bin!
Graphically explained in choros thread. It is quite simple actually.
Riding the order flow
  • #1,137
  • Sep 8, 2011 11:33pm Sep 8, 2011 11:33pm
Friday + G7 Meeting today!!!



EURUSD: H1.35/50 + H4.E10
  • #1,138
  • Sep 9, 2011 12:14am Sep 9, 2011 12:14am
Quoting kk007
Friday + G7 Meeting today!!!



EURUSD: H1.35/50 + H4.E10
The H4 10 is confluenced with DP so we should see some decent bounce.
  • #1,139
  • Sep 9, 2011 1:45am Sep 9, 2011 1:45am
Quoting kostas1
The H4 10 is confluenced with DP so we should see some decent bounce.
EU:
Too early to say but if the rejection of the 1.3850 level is strong, I will be looking for scoop-up on M15 on it's way to H4 10/DP.
  • #1,140
  • Sep 9, 2011 1:48am Sep 9, 2011 1:48am
GU:
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