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CHOROS Interactive

  • #2,081
  • Aug 2, 2012 11:36pm Aug 2, 2012 11:36pm
Keeping an eye on two EU confluences today:

1. H4 10, H1 35, RN around the 1.2200-1.2210 area. If adequate rejection occurs there, it will be a decent short

2. DP, WP, Daily 10, H4 50/62 around the 1.2240-1.2250 area. If EU manages to go there and starts rejecting it will be a good short.

P.S. Just remember it is NFP Friday so be careful.
  • #2,082
  • Aug 3, 2012 4:08am Aug 3, 2012 4:08am
Quoting kostas1
Keeping an eye on two EU confluences today:

1. H4 10, H1 35, RN around the 1.2200-1.2210 area. If adequate rejection occurs there, it will be a decent short

2. DP, WP, Daily 10, H4 50/62 around the 1.2240-1.2250 area. If EU manages to go there and starts rejecting it will be a good short.

P.S. Just remember it is NFP Friday so be careful.
Any gain?
  • #2,083
  • Aug 3, 2012 4:19am Aug 3, 2012 4:19am
Quoting kk007
Any gain?
experimental-counter-confluences-demo-gain:
Attached Image (click to enlarge)
Click to Enlarge Name: capture_08032012_141845.jpg Size: 46 KB

  • #2,084
  • Aug 3, 2012 4:31am Aug 3, 2012 4:31am
Quoting messiahua
experimental-counter-confluences-demo-gain:
Attachment
Great
  • #2,085
  • Aug 3, 2012 4:31am Aug 3, 2012 4:31am
Quoting kk007
Any gain?
No clear rejection at those areas, so no trade....
  • #2,086
  • Aug 3, 2012 5:29am Aug 3, 2012 5:29am
Quoting kostas1
No clear rejection at those areas, so no trade....
I was thinking you have some way to get some pips no matter what happened.
  • #2,087
  • Aug 3, 2012 6:17am Aug 3, 2012 6:17am
Quoting kostas1
No clear rejection at those areas, so no trade....
May I ask you how long is the rejection bar would you consider as a clear rejection for scalping?
  • #2,088
  • Aug 3, 2012 6:28am Aug 3, 2012 6:28am
Quoting kk007
May I ask you how long is the rejection bar would you consider as a clear rejection for scalping?
Depends on the TF. For H4 I prefer to see double top or strong rejection on M15. For H1 I prefer double top or strong rejection on M5.
  • #2,089
  • Aug 3, 2012 7:15am Aug 3, 2012 7:15am
Quoting kostas1
Depends on the TF. For H4 I prefer to see double top or strong rejection on M15. For H1 I prefer double top or strong rejection on M5.
Thanks kos, but what is the rejection length in pips? If my profit target is about 10 pips, what is the length of rejection bar (say M5 bar, with good confluence)?
  • #2,090
  • Aug 3, 2012 7:19pm Aug 3, 2012 7:19pm
Quoting kk007
Thanks kos, but what is the rejection length in pips? If my profit target is about 10 pips, what is the length of rejection bar (say M5 bar, with good confluence)?
If you don't want to reveal the parameter that you are using. It is fine. Sorry for asking.
  • #2,091
  • Aug 4, 2012 4:49am Aug 4, 2012 4:49am
Quoting kk007
If you don't want to reveal the parameter that you are using. It is fine. Sorry for asking.
No secrets here man. I don't have any measured length. If you spent enough time in the charts you will know what is a rejection (for example a pinbar can be a rejection).
  • #2,092
  • Aug 4, 2012 8:35am Aug 4, 2012 8:35am
Quoting kostas1
No secrets here man. I don't have any measured length. If you spent enough time in the charts you will know what is a rejection (for example a pinbar can be a rejection).
I remember that there was an occasion even there was a clear pinbar, you did not take it as a rejection because the previous momentum was too strong. So, I can see you have a set of considerations when reading price action, such a decision process is something I have no way to have a full picture. Anyway, even it is a partial picture to me, thanks for your sharing.
  • #2,093
  • Aug 7, 2012 12:03am Aug 7, 2012 12:03am
Today watching EU 1.235 area for a bounce if there is a clear rejection, GU 1.56 could also be a suprize.

Cheers
  • #2,094
  • Aug 14, 2012 1:16am Aug 14, 2012 1:16am
.
Attached Image (click to enlarge)
Click to Enlarge Name: 7150129 Interbank FX Trader 4 - Demo Account - EURUSD,M5_2012-08-13_18-51-26.jpg Size: 149 KB
Riding the order flow
  • #2,095
  • Edited 8:50am Aug 14, 2012 7:17am | Edited 8:50am
Edit: Took a -8.5 pips lost here.
Attached Image (click to enlarge)
Click to Enlarge Name: 7150129 Interbank FX Trader 4 - Demo Account - EURUSD,M5_2012-08-13_18-51-26.jpg Size: 168 KB
Riding the order flow
  • #2,096
  • Edited 7:17am Aug 16, 2012 3:02am | Edited 7:17am
Hello folks.

My point of interest in EU is at the confluence of H1 35/50 at about 1.2300. I'm staying aside until i see that level.

GBPUSD is making some good run, but the pull back is quite slow for my taste(vacation time yes), will pass the signals from the pair those days.

EURJPY looked good in the past hours, but now it is looking more ugly. Will stay out of it for now.

Let's see will i have a trade today

Edit: Failed zone... Too bad that i had a limit order there ... It doesn't matter, neeeext
  • #2,097
  • Aug 30, 2012 1:46pm Aug 30, 2012 1:46pm
Hi All

Wouldn't this be easier, faster and more immediate if someone just opened a Skype room? Works well for trading..... just a thought!


Thanks
  • #2,098
  • Aug 31, 2012 5:14am Aug 31, 2012 5:14am
Quoting Candlestick
Hi All

Wouldn't this be easier, faster and more immediate if someone just opened a Skype room? Works well for trading..... just a thought!


Thanks
If that happens, pls let me know.
  • #2,099
  • Sep 6, 2012 1:15am Sep 6, 2012 1:15am
Hi guys,

Today it is going to be a great bull day. Go long ASAP
You are allowed to fall but you are imposed to get up!
  • #2,100
  • Sep 6, 2012 1:37am Sep 6, 2012 1:37am
Quoting iero4
Hi guys,

Today it is going to be a great bull day. Go long ASAP
iero4, a lot of news coming today..
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