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  • #1,681
  • Oct 5, 2011 3:56am Oct 5, 2011 3:56am
May be some long entries on EURUSD today. Prices seem to bounce on H1 EMA 62 / RN 1.3300 / DP and all M15 MM

First could be a touch trade on M15 EMA10.
  • #1,682
  • Oct 5, 2011 4:38am Oct 5, 2011 4:38am
Market looks dead waiting for the news. I am keeping an eye at this nice higher TF confluence in EU. If is is hit during the news, it may be hit instantaneously, so I may place a pending sell order there which is a rare occurrence for my style of trading.
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  • #1,683
  • Oct 5, 2011 4:48am Oct 5, 2011 4:48am
Quoting kostas1
Market looks dead waiting for the news. I am keeping an eye at this nice higher TF confluence in EU. If is is hit during the news, it may be hit instantaneously, so I may place a pending sell order there which is a rare occurrence for my style of trading.

Three of them look like one line so you wouldn't have any "which will it test" problems!

Attached Image
  • #1,684
  • Oct 5, 2011 4:55am Oct 5, 2011 4:55am
Is Eur/Usd 1h chart like a constrainment or scoop up?
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Dancing with Candlesticks
  • #1,685
  • Oct 5, 2011 4:57am Oct 5, 2011 4:57am
Quoting iForex
Is Eur/Usd 1h chart like a constrainment or scoop up?
It is know mostly ranging so I wouldn't trust neither M15 signals (flat 35/50) nor H1 signals (wide spread 35/50).
  • #1,686
  • Oct 5, 2011 5:26am Oct 5, 2011 5:26am
Quoting kostas1
Market looks dead waiting for the news. I am keeping an eye at this nice higher TF confluence in EU. If is is hit during the news, it may be hit instantaneously, so I may place a pending sell order there which is a rare occurrence for my style of trading.
Similar trade on EUR/JPY
  • #1,687
  • Edited 12:56am Oct 6, 2011 12:44am | Edited 12:56am
morning everyone.
i think GU look good for a down continuation.
possibly the reaction off DS1 would give us a proper touch.
not trading it for now, but i think it would be interesting to watch.

edit: ah bastard.. took off without looking back. next target 5353? or another fakeout?
  • #1,688
  • Oct 6, 2011 1:00am Oct 6, 2011 1:00am
Good confluence for EU on H4 with MA / RN 1.4000 / Daily R1. It could be fast cause there is a juge PPZ just under RN.
  • #1,689
  • Oct 6, 2011 1:46am Oct 6, 2011 1:46am
Quoting asos101
morning everyone.
i think GU look good for a down continuation.
possibly the reaction off DS1 would give us a proper touch.
not trading it for now, but i think it would be interesting to watch.

edit: ah bastard.. took off without looking back. next target 5353? or another fakeout?
GU is too complicated for me in the low TF's these days. I am looking at the following confluences:
1. DPP, RN, H1 35/50 (but H1 35/50 are flat so this is not very strong)
2. Daily R1, RN, Daily 10, H4 35/50 (if this is hit and see M15 reversal I am taking this train south)
  • #1,690
  • Oct 6, 2011 1:48am Oct 6, 2011 1:48am
Quoting mik76
Good confluence for EU on H4 with MA / RN 1.4000 / Daily R1. It could be fast cause there is a juge PPZ just under RN.
I guess you mean 1.3400, which indeed looks good (H4 35/50, Daily R1, Daily 10 a little higher, RN).
  • #1,691
  • Edited 3:03am Oct 6, 2011 2:37am | Edited 3:03am
Quoting kostas1
GU is too complicated for me in the low TF's these days. I am looking at the following confluences:
1. DPP, RN, H1 35/50 (but H1 35/50 are flat so this is not very strong)
2. Daily R1, RN, Daily 10, H4 35/50 (if this is hit and see M15 reversal I am taking this train south)
yep, too flat for a trade.
i said good to watch because of the nicely slow trending start that could result in a nice going trend, but i guess now after seeing the reaction that it was a fakeout and that area below still has some steam in it.
and back it goes in the tight range it was yesterday. too tight and too flat for dancing.

i would take the 2nd one, H4 35/50 is still some way off but not that far either and that whole 5470-5498 has produced many rejections before. good one m8.
  • #1,692
  • Oct 6, 2011 2:42am Oct 6, 2011 2:42am
Quoting kostas1
I guess you mean 1.3400, which indeed looks good (H4 35/50, Daily R1, Daily 10 a little higher, RN).
very good reaction area if it goes there.
  • #1,693
  • Oct 6, 2011 3:29am Oct 6, 2011 3:29am
EU is approching 1.3400 (4H 35SMA), I start hesitating. Will it touch ~1.3425 (4H 50EMA ) or 1.3439(1D 10EMA). Now I plan to put order at 1.3425 and SL at 1.3455.
Dancing with Candlesticks
  • #1,694
  • Oct 6, 2011 3:33am Oct 6, 2011 3:33am
Quoting iForex
EU is approching 1.3400 (4H 35SMA), I start hesitating. Will it touch ~1.3425 (4H 50EMA ) or 1.3439(1D 10EMA). Now I plan to put order at 1.3425 and SL at 1.3455.
Not a bad plan, it will probably overshoot 1.3400 if it crosses. Alternatively, wait for a convincing M15 rejection bar.
  • #1,695
  • Oct 6, 2011 4:31am Oct 6, 2011 4:31am
Quoting kostas1
Not a bad plan, it will probably overshoot 1.3400 if it crosses. Alternatively, wait for a convincing M15 rejection bar.
Oh now, not going back to the target level as least for a while in the future.
  • #1,696
  • Oct 6, 2011 4:40am Oct 6, 2011 4:40am
Now the plan is: If it go back to 1.3395 area, start short! or wait the price to go under 10/35/50 of 15M chart to find short opportunity.
So far no trade today. Only watching
Dancing with Candlesticks
  • #1,697
  • Oct 6, 2011 5:12am Oct 6, 2011 5:12am
Hi guys,

After reading quite a bit on old threads and demoing, I am trying out Dance strategy on live account (albeit very small) to force myself to take only perfect trades.

I will try to ask questions here to see if my setups are correct. Hope that is allowed.

Does below look like good entry on first touch of 50EMA (bold red) or 35SMA (Dark Blue)?
http://imageshack.us/photo/my-images...choroseur.png/http://img267.imageshack.us/img267/9...3choroseur.png
http://imageshack.us/photo/my-images...choroseur.png/
  • #1,698
  • Oct 6, 2011 6:24am Oct 6, 2011 6:24am
Quoting chinmay
Hi guys,

After reading quite a bit on old threads and demoing, I am trying out Dance strategy on live account (albeit very small) to force myself to take only perfect trades.

I will try to ask questions here to see if my setups are correct. Hope that is allowed.

Does below look like good entry on first touch of 50EMA (bold red) or 35SMA (Dark Blue)?
50 above the 35 in M15 and you go long?
i hope you took your pips early off the table.
  • #1,699
  • Oct 6, 2011 7:55am Oct 6, 2011 7:55am
Quoting asos101
50 above the 35 in M15 and you go long?
i hope you took your pips early off the table.
Did manual mention about the above/below of 50 and 35 ?
thanks
Dancing with Candlesticks
  • #1,700
  • Edited 10:05am Oct 6, 2011 8:09am | Edited 10:05am
Quoting iForex
Did manual mention about the above/below of 50 and 35 ?
thanks
well.. when you long say on a M15 10 bounce then its better to have all the MAs untangled towards the direction of the price in the correct order.
the 10 on top, then 35 and last the 50.
same goes for the 35 and 50.
if the MAs are in the wrong order then the reaction is not that strong and the price could more easily blow through. thats the theory at least.

sometimes you will get a reaction off any MA no matter what their order is on any TF. but if you are looking for a "by the rules" trade its not advised.
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