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  • #1,841
  • Oct 19, 2011 3:32am Oct 19, 2011 3:32am
Hey guys, i try to understand constraitment.

Look the chart, what do you think?

Both RN and EMA5

If yes how do you play that (entry and stop?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 84 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #1,842
  • Oct 19, 2011 3:36am Oct 19, 2011 3:36am
Quoting chinmay
And having said what due in above post, I would like to see explanation from KK007 for his entry rationale too. More I ask, more I will learn..
Price bounced from the heavily confluence area (M15.35/50, H1.E10, MPP, WPP, DPP, S/R), forming a perfect PA pattern, pinbar. Isn't it the way dancers typically trade here?

http://www.forexfactory.com/attachme...1&d=1319015053
  • #1,843
  • Oct 19, 2011 4:02am Oct 19, 2011 4:02am
Quoting boubafx
Hey guys, i try to understand constraitment.

Look the chart, what do you think?

Both RN and EMA5

If yes how do you play that (entry and stop?

Thanks
Hi, Bouba. I think it looks pretty good for constrainment, except for the bars are a little larger than you usually want to see. These bars are 8-10 pips, and you want to see maybe 3-5 pips.

But price is clearly hesitating at the 1.0100 level. Went below, trying to go south. Pretty good trends on higher TFs, too.

I like constrainment, too. I think it is one of the most reliable patterns and it's not hard to spot them. To really learn constrainment, read the posts of Survivor. He is "Dr. Constrainment." He has mastered these setups and has posted a lot of great pics and descriptions.

Edit: If you trade this your SL would be one or two pips plus spread above the RN. so you want to enter close to RN. TP is up to you, but I would watch the overall trend per Dance manual.

Mega pips to you!
Luck occurs when preparation meets with opportunity.
  • #1,844
  • Oct 19, 2011 4:15am Oct 19, 2011 4:15am
Quoting AlienFrog
Hi, Bouba. I think it looks pretty good for constrainment, except for the bars are a little larger than you usually want to see. These bars are 8-10 pips, and you want to see maybe 3-5 pips.

But price is clearly hesitating at the 1.0100 level. Went below, trying to go south. Pretty good trends on higher TFs, too.

I like constrainment, too. I think it is one of the most reliable patterns and it's not hard to spot them. To really learn constrainment, read the posts of Survivor. He is "Dr. Constrainment." He has mastered these setups and has...
Thanks for the answer.

I will wtach survivor attachments and try this constraitment on my demo account from a few times to see
I hear and I forget. I see and I remember. I do and I understand.
  • #1,845
  • Oct 19, 2011 6:14am Oct 19, 2011 6:14am
Quoting kostas1
This trend looks a little funny to me, but the H1 10 and the M15 35/50 should provide a good 15-20p bounce.

Kostas, as always you made a great call. H1 10 and M15 35/50 confluence provided a good bounce. I was concerned by Daily R1 that was just above the entry point so my entry was with little lots. But this trade was +20p winner .

Quoting kostas1
...We are open to any improvements and observing S/D can provide additional confluence for profitable trades. If you feel like it, we can discuss this on the regular Choros thread.
Usually I wouldn’t take this trade because there is no Pivot Point, RN or PPA at it, but as you can see in the attached image, in this case the confluence was with a H1 Demand Area. That is why I took the risk and made my entry. As you said, it would be nice to discuss this on the regular thread.
Attached Image (click to enlarge)
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  • #1,846
  • Oct 20, 2011 12:19am Oct 20, 2011 12:19am
EU:
H1 10 with M15 35/50.
Careful because we are close to WP, MP and price could should up.
  • #1,847
  • Oct 20, 2011 12:56am Oct 20, 2011 12:56am
And also there is a 4H pin in AU Gu, EU most of the major pair rejecting very important levels. I will be looking for good scoop up setups...
Riding the order flow
  • #1,848
  • Oct 20, 2011 1:07am Oct 20, 2011 1:07am
Quoting kostas1
EU:
H1 10 with M15 35/50.
Careful because we are close to WP, MP and price could should up.
Could also matching with M15 support @1.3732
Possible target RN @1.37 and H4 support @1.3653
  • #1,849
  • Edited 2:33am Oct 20, 2011 1:39am | Edited 2:33am
Does anyone think EU is going to the DP? it is supported by a H4 pin bar in that direction. it also seems to have cleared the 1.37 area and is headed north. But I might be wrong, I am not an insider.


EDIT: Pin bar rejecting WP and MP prevails again I've just taken my TP on that bar.
Riding the order flow
  • #1,850
  • Oct 20, 2011 7:16am Oct 20, 2011 7:16am
Quoting kostas1
EU:
H1 10 with M15 35/50.
Careful because we are close to WP, MP and price could should up.
that was after a strong reaction from the supply zone i post yesterday.
http://www.forexfactory.com/showthre...63#post5052363
so a counter 35/50 should be taken only with extreme caution.
i think this is a good example of how S/D and Choros can work together.

here is a more recent image of the zones
sorry for posting this a lot after the fact, but i just stepped in the house.
i see it was a juicy day and hope you guys got some.
my 10 pips is from a trade early in the morning at the first reaction at the cross of D1 10 and 35, but i had to go and didnt let it run.
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  • #1,851
  • Oct 20, 2011 8:11am Oct 20, 2011 8:11am
Quoting asos101
that was after a strong reaction from the supply zone i post yesterday.
http://www.forexfactory.com/showthre...63#post5052363
so a counter 35/50 should be taken only with extreme caution.
i think this is a good example of how S/D and Choros can work together.

here is a more recent image of the zones
sorry for posting this a lot after the fact, but i just stepped in the house.
i see it was a juicy day and hope you guys got some.
my 10 pips is from a trade early in the morning at the first reaction at the cross of D1 10 and...
Good analysis, thanks for your post mate! I hope you've done well today
Flp. 4:13
  • #1,852
  • Oct 20, 2011 8:35am Oct 20, 2011 8:35am
Quoting Anthar
Good analysis, thanks for your post mate! I hope you've done well today
nah, unfortunately now that the market is moving again nicely i have my hands tied, i am re-painting/furbishing a house for the past 2 weeks and i usually return home after the London close.
any analysis i do is with the morning coffee. when i return i see how the day played out but i am too tired to sit down and trade.
cant wait for this to finish (probably another week max) and have the time again to actually trade.
  • #1,853
  • Oct 20, 2011 8:46am Oct 20, 2011 8:46am
Quoting asos101
nah, unfortunately now that the market is moving again nicely i have my hands tied, i am re-painting/furbishing a house for the past 2 weeks and i usually return home after the London close.
any analysis i do is with the morning coffee. when i return i see how the day played out but i am too tired to sit down and trade.
cant wait for this to finish (probably another week max) and have the time again to actually trade.
Yeah I know what you feel, I was away from the market this last month and was eager to come back, but I'm ot doing very well after this break. It's good you still have an eye on the market movements, you'll have no trouble coming back
Flp. 4:13
  • #1,854
  • Oct 20, 2011 9:31am Oct 20, 2011 9:31am
Quoting Anthar
Yeah I know what you feel, I was away from the market this last month and was eager to come back, but I'm ot doing very well after this break. It's good you still have an eye on the market movements, you'll have no trouble coming back
Hey Anthar, haven't seen you in a while. Hope all is well.
Riding the order flow
  • #1,855
  • Oct 20, 2011 11:44pm Oct 20, 2011 11:44pm
EU:
Flat MAs in H1 and M15. Staying flat until we see a trend.
For me the best approach today will be scalping from M5 trends, unless I see some strong moves to wait for M15 signals. Maybe after the EU news in an hour or so we will see something more clearly....
  • #1,856
  • Edited Oct 21, 2011 12:01am Oct 20, 2011 11:46pm | Edited Oct 21, 2011 12:01am
Quoting kostas1
EU:
Flat MAs in H1 and M15. Staying flat until we see a trend.
For me the best approach today will be scalping from M5 trends, unless I see some strong moves to wait for M15 signals. Maybe after the EU news in an hour or so we will see something more clearly....
Thanks, I check all the charts and didn't find any opportunities.

P.S. by the way watch out for news time in the next 1-2 hours
  • #1,857
  • Edited 6:28am Oct 21, 2011 5:33am | Edited 6:28am
GBPUSD Area of interest to go LONG

M15 10 in confluence with Daily R2 and M5 23

EDIT: It seems that I was left by the train. M15 10 EMA has passed Daily R2 and getting to RN 1.5900 but I don’t feel comfortable trading M15 10 EMA touches like this (Not very experienced on M15 10 touch trades). On the other hand, if price retraces to Daily R2 and H1 10 gets there along with M15 35/50, then I will probably go LONG there, depending on the time. So I’m still waiting at the same place, 1.5880
  • #1,858
  • Oct 21, 2011 6:33am Oct 21, 2011 6:33am
Quoting Haydel
GBPUSD Area of interest to go LONG

M15 10 in confluence with Daily R2 and M5 23

EDIT: It seems that I was left by the train...
I was watching this setup. too, and the same pattern on EU. It was not a two-bar retrace to the 10 so I don't feel "left at the station." I don't like missing big moves, but I'm also trying to learn that this doesn't matter as much as making sure I enter only on the best setups.
Luck occurs when preparation meets with opportunity.
  • #1,859
  • Edited 7:38am Oct 21, 2011 6:47am | Edited 7:38am
maybe we get a reversal in EU in a bit, as price is in the H4 supply zone again. too bad there isnt any choros MA for confluence or anything else near, other than that old TL

edit: in it in demo just to track it, will post a pic in a bit, target above DR1, entry 13 pips below the RN.. i was goofing around
edit2 : after much drama and coming back to the original entry it went where it was supposed to. i know its not a choros entry but since i called it, here is the chart. if taken for real, i would have bailed out for +10 or at least BE.

the reaction was off that H4 supply zone, and last weeks high to the pip and that ol trendline too. if it goes for a full reversal.. god knowz, still it was good to be able to see it. Choros M15 10 would have been a better exit point (Haydel? )
see H4 for details
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  • #1,860
  • Oct 21, 2011 7:31am Oct 21, 2011 7:31am
Quoting AlienFrog
I was watching this setup. too, and the same pattern on EU. It was not a two-bar retrace to the 10 so I don't feel "left at the station." I don't like missing big moves, but I'm also trying to learn that this doesn't matter as much as making sure I enter only on the best setups.
GBPUSD M5 12 EMA reactions are giving a lot of pips, but I do not have experience on those trades so I´m just watching them .

You are right AlienFrog, this doesn't matter as much as making sure to enter only on the best setups.

I had a good outcome this week (My live account growth 9.2% this week ) and I don't want to ruin it today making a bad trade by emotion. If I make no trades today, that’s fine; my target is 10% weekly, so 9.2% is good enough.
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