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CHOROS Interactive

  • #1,181
  • Sep 12, 2011 2:47am Sep 12, 2011 2:47am
The trade, 4 things confirming trade direction. A rejection of the fib, RN, 10EMA and a pin bar in the 1H.
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Riding the order flow
  • #1,182
  • Sep 12, 2011 2:56am Sep 12, 2011 2:56am
A nice pin bar in the GU H1 that rejected the 10EMA(good for a touch) and some PPA but I am not taking it because right in front of it is a RN, yeah sure it can go to the next wick but there is too much risk for the reward, so it is a "next" for me.
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Riding the order flow
  • #1,183
  • Sep 12, 2011 3:22am Sep 12, 2011 3:22am
Quoting iero4
Why do I feel like we should start looking for longs? I am not sure but something tells me that 1.3650 will be reached...will see!
I am of the same opinion. The gap up there should be covered. I will be looking for countertrend M15 scoop (already +12p from previous scoop).
  • #1,184
  • Sep 12, 2011 4:29am Sep 12, 2011 4:29am
EU:
Almost looks like the RN and the H4 5 are constraining the price (a little too soon to call it). If there is a strong reaction down, we may revisit the 1.3500 one more time. In that case, a rejection of the 1.3500 for a second time should give a good thrust upwards to the H4 10.
On the other hand, if the H1/10 confluenced with M15/10 provide support, I would expect the gap to be covered first.
  • #1,185
  • Sep 12, 2011 4:51am Sep 12, 2011 4:51am
Quoting kostas1
I am of the same opinion. The gap up there should be covered. I will be looking for countertrend M15 scoop (already +12p from previous scoop).
I missed the second scoop because it was not really touching the M15 10. Oh well, next trade please.....(2-bar retrace on M15 maybe?)
  • #1,186
  • Sep 12, 2011 4:52am Sep 12, 2011 4:52am
Quoting iero4
Why do I feel like we should start looking for longs? I am not sure but something tells me that 1.3650 will be reached...will see!
Somehow, I got +24pip
  • #1,187
  • Sep 12, 2011 4:56am Sep 12, 2011 4:56am
Quoting kk007
Somehow, I got +24pip
Somehow, you should make 6 more and STOP for the day. That way you can start counting winning days, works miracles for your psychology....
  • #1,188
  • Sep 12, 2011 5:00am Sep 12, 2011 5:00am
Quoting kostas1
Somehow, you should make 6 more and STOP for the day. That way you can start counting winning days, works miracles for your psychology....
cant be that cruel, kk007 taking only 2-3 trades a day? get real =P
  • #1,189
  • Sep 12, 2011 5:00am Sep 12, 2011 5:00am
Didn't have time to post before I took it...

In on the cross back up (as it bounced around on it) of the 50 ... first 15 taken in first candle... letting the rest ride.

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  • #1,190
  • Sep 12, 2011 5:08am Sep 12, 2011 5:08am
Quoting bigtent
Didn't have time to post before I took it...

In on the cross back up (as it bounced around on it) of the 50 ... first 15 taken in first candle... letting the rest ride.

Attachment
This is the one I missed. Good job bigtent
  • #1,191
  • Sep 12, 2011 5:23am Sep 12, 2011 5:23am
i caught the GU 10 touch jst a while ago, +15 there almost.
it should be good for more up, but i dont feel like giving back to the market.
will post later in the normal thread if i close my daily quota.
  • #1,192
  • Edited 6:05am Sep 12, 2011 5:33am | Edited 6:05am
Quoting asos101
cant be that cruel, kk007 taking only 2-3 trades a day? get real =P
I am still taking a few dozen trades a day.

P.S. I am not mental well-prepared to build up an account, not because a lack of discipline, but because I still feel highly stressful (even on demo-account) if I can only take 2-3 trades a day. This level of stress can completely paralysed me. When I get use to trade without too strong stress, I can be more selective.

Also, I feel I can only learn effectively by making a lot mistakes and evaluate afterwards
  • #1,193
  • Sep 12, 2011 6:38am Sep 12, 2011 6:38am
Quote
Also, I feel I can only learn effectively by making a lot mistakes and evaluate afterwards
This I can understand but,

Quoting kk007
but because I still feel highly stressful (even on demo-account) if I can only take 2-3 trades a day. This level of stress can completely paralysed me. When I get use to trade without too strong stress, I can be more selective.
You get stressful when you selectively take 2-3 trades? and inselectively taking dozens of trades a day is not stressful? That is beyond my ability to understand.

Edit: I think I get it, if you take selective trades and don't make mistakes you learn nothing, therefore you become stress. So it's either your account stop growing or you stop learning.
Riding the order flow
  • #1,194
  • Sep 12, 2011 6:57am Sep 12, 2011 6:57am
Quoting kk007
I am still taking a few dozen trades a day.

P.S. I am not mental well-prepared to build up an account, not because a lack of discipline, but because I still feel highly stressful (even on demo-account) if I can only take 2-3 trades a day. This level of stress can completely paralysed me. When I get use to trade without too strong stress, I can be more selective.

Also, I feel I can only learn effectively by making a lot mistakes and evaluate afterwards
and why are you stressed exactly? can you pinpoint it?
lets get the psycho-analysis group going
edit: cheap, only 10 pips per post
  • #1,195
  • Edited 7:31am Sep 12, 2011 7:20am | Edited 7:31am
i suppose everyone can see the higher than M15 TF touches coming up.
definitely good for a few if they give a clear shot.

GU in and out for +8 and done for the day . touch of H4 10
i will post later in the main thread, going for my siesta.
  • #1,196
  • Sep 12, 2011 7:25am Sep 12, 2011 7:25am
Quoting kostas1
EU:
... In that case, a rejection of the 1.3500 for a second time should give a good thrust upwards to the H4 10.
On the other hand, if the H1/10 confluenced with M15/10 provide support, I would expect the gap to be covered first.
Good Morning Guys, (At least for me is morning )
The Gap was covered... now it looks that there will be a good chance to short at H4 10 in confluence with H1 35 and RN 1.3700.
  • #1,197
  • Sep 12, 2011 7:28am Sep 12, 2011 7:28am
Quoting Haydel
now it looks that there will be a good chance to short at H4 10 inconfluence with H1 35 and RN 1.3700.
...which will be a 2bar retrace to the H4/10 so I expect a good bounce. I recommend watching at least the M5 for good signs of reaction there.
  • #1,198
  • Sep 12, 2011 7:34am Sep 12, 2011 7:34am
Quoting kostas1
...which will be a 2bar retrace to the H4/10 so I expect a good bounce. I recommend watching at least the M5 for good signs of reaction there.
already there, you maybe lucky and get a 2nd touch, but careful.
although the recent trend is up, the HTFs trend is still down.

edit: sorry, just realised you guys talk about EU, not GU.
for EU the H1 10 has started turning and is inside H1 35, so we may get a touch of the H1 50 for a decent reversal. anyway, whoever locks in profits has nothing to be affraid of .
the above apply to the EU as well.
  • #1,199
  • Sep 12, 2011 7:36am Sep 12, 2011 7:36am
Quoting kostas1
...which will be a 2bar retrace to the H4/10 so I expect a good bounce. I recommend watching at least the M5 for good signs of reaction there.
Thats what I am waitinh for
You are allowed to fall but you are imposed to get up!
  • #1,200
  • Sep 12, 2011 7:38am Sep 12, 2011 7:38am
Quoting iero4
Thats what I am waitinh for

same here
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