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  • #1,261
  • Sep 13, 2011 6:50am Sep 13, 2011 6:50am
It reverse to form a nice pin on the 15M here which is a sign the ranging market will continue.
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  • #1,262
  • Edited 8:12am Sep 13, 2011 7:55am | Edited 8:12am
EU to SHORT

There seems to be rejection to go South on H1 50/62 in confluence with RN. This would be the second time and is just one H1 bar after the first rejection at the same level. But since we are in Ping-Pong area, it seems possible.
Also M5 is showing some rejection at that area.

EDIT: The rejection worked. A quick scalp of 10 to 20 pips was possible, but I missed it. Itīs over now.
  • #1,263
  • Edited 8:35am Sep 13, 2011 8:16am | Edited 8:35am
EU to LONG

Now I have my eyes on H1 35 in confluence with Daily Pivot at 1.3624.

Be careful there, price reacted there like an hour ago and I think that it may react there again, but, as Kostas says, wait for at least M5 confirmation. (Wait for M5 reaction or PinBar)

EDIT: This is Ping Pong, so IF I get into a trade, a quick scalp is on order.
EDIT: EU is making fun of me again this week; left me waiting a few pips below.
  • #1,264
  • Sep 13, 2011 8:38am Sep 13, 2011 8:38am
Has the EU pimg pong popped?
  • #1,265
  • Sep 13, 2011 8:39am Sep 13, 2011 8:39am
Quoting Haydel
EU to LONG

Now I have my eyes on H1 35 in confluence with Daily Pivot at 1.3624.

Be careful there, price reacted there like an hour ago and I think that it may react there again, but, as Kostas says, wait for at least M5 confirmation. (Wait for M5 reaction or PinBar)

EDIT: This is Ping Pong, so IF I get into a trade, a quick scalp is on order.
EDIT: EU is making fun of me again this week; left me waiting a few pips below.
I'm not that eager on playing ping pong, I had a beating yesterday, low risk is my thing for today
Flp. 4:13
  • #1,266
  • Sep 13, 2011 9:05am Sep 13, 2011 9:05am
Quoting bigtent
Has the EU pimg pong popped?
For the first time a bar has closed outside the range. I hope the ranging market doesn't end so fast. I like trading ranging markets.

I will look to enter long if the market turn the resistance into a support.
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  • #1,267
  • Sep 13, 2011 9:07am Sep 13, 2011 9:07am
Quoting Anthar
I'm not that eager on playing ping pong, I had a beating yesterday, low risk is my thing for today
Yep Ping Pong is very risky, although I almost got in, I wasn’t able to enter, and I think that entering late on Ping Pong is not an option. No trades for today yet.

On the other hand, H1 closed above 50/62, so may be Ping Pong is reaching an end and is time to start to go north again.
  • #1,268
  • Sep 13, 2011 9:20am Sep 13, 2011 9:20am
EU m5 10 touch long confluence with previous ressistance possibly turned support as Bin pointed out

EDIT: up +20 now, look for daily level on 1.3720
Flp. 4:13
  • #1,269
  • Sep 13, 2011 9:41am Sep 13, 2011 9:41am
Quoting Anthar
EU m5 10 touch long confluence with previous ressistance possibly turned support as Bin pointed out

EDIT: up +20 now, look for daily level on 1.3720
  • #1,270
  • Sep 13, 2011 10:29am Sep 13, 2011 10:29am
My feeling is for shorts mainly, but long signal on M15 50 confluence with H1 10... anybody following?
Flp. 4:13
  • #1,271
  • Sep 13, 2011 10:35am Sep 13, 2011 10:35am
Quoting Anthar
My feeling is for shorts mainly, but long signal on M15 50 confluence with H1 10... anybody following?
That may work but all MAs are to flat to feel confortable so I think I'm staying out for now.
  • #1,272
  • Sep 13, 2011 10:36am Sep 13, 2011 10:36am
Quoting Anthar
My feeling is for shorts mainly, but long signal on M15 50 confluence with H1 10... anybody following?
Long and +10 pip in a few minutes, thanks for the alert
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  • #1,273
  • Sep 13, 2011 10:37am Sep 13, 2011 10:37am
Quoting Anthar
My feeling is for shorts mainly, but long signal on M15 50 confluence with H1 10... anybody following?
I am waiting for the right setup to go short. I don't see it coming now. The price is creating too much traffic for there to be a uncluttered highway.
Riding the order flow
  • #1,274
  • Sep 13, 2011 10:42am Sep 13, 2011 10:42am
Quoting kk007
Long and +10 pip in a few minutes, thanks for the alert
Way to go mate! glad you could take it, I stayed out for now...

Quoting Binyamin
I am waiting for the right setup to go short. I don't see it coming now. The price is creating too much traffic for there to be a uncluttered highway.
This is why I stayed out, I have a bearish bias still and I'd like to see nice short setups to enter, but market is not that clear right now... I don't wanna get risky setups
Flp. 4:13
  • #1,275
  • Sep 13, 2011 10:45am Sep 13, 2011 10:45am
EU possible shorts?

EDIT: On the other hand H1 10 seems to be scoopin price up...
Attached Image (click to enlarge)
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Flp. 4:13
  • #1,276
  • Sep 13, 2011 10:50am Sep 13, 2011 10:50am
Quoting Anthar
EU possible shorts?

EDIT: On the other hand H1 10 seems to be scoopin price up...
Isn't it that trading the M15.E10 requires steepness of it in general (except scooped-up)?
  • #1,277
  • Sep 13, 2011 10:58am Sep 13, 2011 10:58am
Quoting kk007
Isn't it that trading the M15.E10 requires steepness of it in general (except scooped-up)?
Yes it does KK, but in this case I was looking for 10ma to hold price down and to look for shorts, like a scoop up, but for shorts, a scoop down if you will, lol.
Flp. 4:13
  • #1,278
  • Sep 13, 2011 2:05pm Sep 13, 2011 2:05pm
EU to LONG
Could that be a retrace to H1 10 in confluence with H1 50 and M15 35/50?
M15 MAs look nice, but H1 MAs are not to appealing.
Any thoughts?

EDIT: I know timing is not the best with only NY market open, but M15 MAs are reasonably steep and H1 has already closed above all MAs this morning, so going north seems reasonable.
  • #1,279
  • Sep 13, 2011 3:51pm Sep 13, 2011 3:51pm
Quoting Whenever
Looks good also as 2 bars retrace to the Ema10 on Daily, but somehow I would not trust it very much.

Would wait for confirmation.

(on the middle / long run I would see GU to 1,6000 in not very long time...may be completely wrong...)
It was in August the 19th.... I must damn find the way and time to do something serious in this Forex world...

Nobody out there ready and willing to give me a fix monthly income for my family, while I trade from home all day long for about 1, 2 years ???

I could give all back then, but until then....

Just a short greeting to all you great Dancer.
I follow you all !

Ciao

PS: ....Kostas speaks about a PLAN...all great traders speak about a PLAN.
People, we gotta get a PLAN and FOLLOW IT !
Let's move forward !
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  • #1,280
  • Edited 12:23am Sep 14, 2011 12:11am | Edited 12:23am
Quoting Whenever
PS: ....Kostas speaks about a PLAN...all great traders speak about a PLAN.
People, we gotta get a PLAN and FOLLOW IT !
Let's move forward !
Amen to that brother.
Riding the order flow
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