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CHOROS Interactive

  • #1,521
  • Sep 27, 2011 7:11am Sep 27, 2011 7:11am
Quoting kostas1
GU:
Perfect storm growing at WP, DP, H4 10, H1 35/50/62 confluence.....
I will be in and out of my office today, but I will try to catch this one if I can.
Also observed the same opportunity. But missed the trade due to the price did not really touch 1H 35 SMA.

Sometimes too much patience is also not good?
Dancing with Candlesticks
  • #1,522
  • Sep 27, 2011 7:25am Sep 27, 2011 7:25am
Quoting iForex
Also observed the same opportunity. But missed the trade due to the price did not really touch 1H 35 SMA.

Sometimes too much patience is also not good?
It's rare not to touch all of them. I was also surprised, but knowing that the area would produce a strong reaction I entered at the close of the M5 retrace (GMT 11:05). Exited at 1.5600 for about +33p.
  • #1,523
  • Sep 27, 2011 7:38am Sep 27, 2011 7:38am
Quoting iero4
Entered at the touch of G/U Daily 10. Will wait to see if it continues to go south...
... even if MAs at H1, H15 & H5 are in an up-trend? (counter trend to the daily)
  • #1,524
  • Sep 27, 2011 7:47am Sep 27, 2011 7:47am
Quoting kk007
yes both EU and EJ
The markets are crazy with uncertainty (as if there ever is any) at the moment.


Funny thing is, the more I look at markets, the more I ask about these folk who say we should rely on the markets to "regulate" everything.... Are they insane? Methinks yes!

Market regulation = 1929, 1978, 2008, 2011............ Great track record!
  • #1,525
  • Sep 27, 2011 7:48am Sep 27, 2011 7:48am
Quoting kostas1
It's rare not to touch all of them. I was also surprised, but knowing that the area would produce a strong reaction I entered at the close of the M5 retrace (GMT 11:05). Exited at 1.5600 for about +33p.
I missed it. Had set an alert but it turned just above it.....
  • #1,526
  • Sep 27, 2011 8:17am Sep 27, 2011 8:17am
Quoting jkapf
... even if MAs at H1, H15 & H5 are in an up-trend? (counter trend to the daily)
That's why I scalped 15.3 pips and exit . Usually after a touch of any MA in HTFs) there is a small retrace even if lower TFs show the opposite. This is my opinion.

Regards
You are allowed to fall but you are imposed to get up!
  • #1,527
  • Sep 27, 2011 8:32am Sep 27, 2011 8:32am
Quoting iero4
That's why I scalped 15.3 pips and exit . Usually after a touch of any MA in HTFs) there is a small retrace even if lower TFs show the opposite. This is my opinion.

Regards
Valid counter-trend scalp. That's how you do it. Great trade
  • #1,528
  • Sep 27, 2011 8:44am Sep 27, 2011 8:44am
Watch the E/U 15M set up.
You are allowed to fall but you are imposed to get up!
  • #1,529
  • Sep 27, 2011 8:48am Sep 27, 2011 8:48am
EU, possible to touch10EMA on 15M with the 2nd bar at 1.3600 area! watch out
Dancing with Candlesticks
  • #1,530
  • Sep 27, 2011 8:48am Sep 27, 2011 8:48am
set up in which way?

Quoting iero4
Watch the E/U 15M set up.
  • #1,531
  • Sep 27, 2011 8:56am Sep 27, 2011 8:56am
Quoting cmeade2
set up in which way?
It was a nice set up showing that price will go up. Do you use the choros/dance method? Because if you use it you shouldn't ask this question .
You are allowed to fall but you are imposed to get up!
  • #1,532
  • Sep 27, 2011 9:32am Sep 27, 2011 9:32am
Quoting kostas1
GU:
Perfect storm growing at WP, DP, H4 10, H1 35/50/62 confluence.....
I will be in and out of my office today, but I will try to catch this one if I can.
  • #1,533
  • Sep 27, 2011 9:50am Sep 27, 2011 9:50am
yes I do, and I went long based on the touch of 14 ema on the M5. Your original post suggested you thought it was going down to the 15 EMA on the M15 which definitely didn't happen. I seriously questioned that it would go that far down. Hence my original post.
Quoting iero4
It was a nice set up showing that price will go up. Do you use the choros/dance method? Because if you use it you shouldn't ask this question .
  • #1,534
  • Sep 27, 2011 10:04am Sep 27, 2011 10:04am
Quoting cmeade2
yes I do, and I went long based on the touch of 14 ema on the M5. Your original post suggested you thought it was going down to the 15 EMA on the M15 which definitely didn't happen. I seriously questioned that it would go that far down. Hence my original post.
Oh now I see...Ok then, sorry for the misunderstanding mate .
Just for the record, at my first post where I suggested that price will go down, it actually went for at least 15 pips. For me 15 pips is the target of each trade

Anyway, trade well

Regards
You are allowed to fall but you are imposed to get up!
  • #1,535
  • Sep 27, 2011 10:05am Sep 27, 2011 10:05am
got 22 pips from this trade. I would like to know, whether this trade is strictly based on rules? I was trailing after I secured 15 pips, using M1 chart beause of the upcoming news on USD.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-27-2011 10-51-57 PM.jpg Size: 196 KB
Prefer Price Action Method!
  • #1,536
  • Sep 27, 2011 10:13am Sep 27, 2011 10:13am
I am not expert in trend lines and channels but I think that the channel drawn in the graph below might help for a clearer view of what price may or may not do. Please have a look and give your lights...

In my opinion, if price break through this channel it will go to 1.3750 or higher. Failure to do so, will provide a bearish signal.

Attached Image (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 169 KB
You are allowed to fall but you are imposed to get up!
  • #1,537
  • Sep 27, 2011 10:27am Sep 27, 2011 10:27am
Quoting yameen.forex
got 22 pips from this trade. I would like to know, whether this trade is strictly based on rules? I was trailing after I secured 15 pips, using M1 chart beause of the upcoming news on USD.
In my opinion, it is a good entry. Congrats mate! BUT...If you look at the M5 and the equivalent time that you entered you will notice that price in M5 was at a scoop up mode. This means that since price hit M5 35 it could go up again and form a lower high before it start going down again. But it could easily break through both 35/50 especially after a so strong (high momentum) bullish bar in H1.

Anyway I don't want to confuse you. Maybe I pay too much attention to lower TFs but this works fine with me. Keep in mind that it was a good trade and try to take good confirmation of other TFs.
You are allowed to fall but you are imposed to get up!
  • #1,538
  • Sep 27, 2011 10:40am Sep 27, 2011 10:40am
Quoting iero4
In my opinion, it is a good entry. Congrats mate! BUT...If you look at the M5 and the equivalent time that you entered you will notice that price in M5 was at a scoop up mode. This means that since price hit M5 35 it could go up again and form a lower high before it start going down again. But it could easily break through both 35/50 especially after a so strong (high momentum) bullish bar in H1.

Anyway I don't want to confuse you. Maybe I pay too much attention to lower TFs but this works fine with me. Keep in mind that it was a good trade and...
Didn't he take a 3-bar retracement touch trade???
  • #1,539
  • Sep 27, 2011 10:41am Sep 27, 2011 10:41am
Quoting iero4
In my opinion, it is a good entry. Congrats mate! BUT...
Thanks for the response. I might be confused today because lack of trading experience. But, next time, I will understand what exactly you meant and take your advise into consideration. Thanks again!
Prefer Price Action Method!
  • #1,540
  • Sep 27, 2011 10:41am Sep 27, 2011 10:41am
Quoting iero4
I am not expert in trend lines and channels but I think that the channel drawn in the graph below might help for a clearer view of what price may or may not do. Please have a look and give your lights...

In my opinion, if price break through this channel it will go to 1.3750 or higher. Failure to do so, will provide a bearish signal.

Attachment
Isn't it look like a trendline against a double bottom? Not necessary seen as a channel pattern, in my opinion.
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