Kostas would explain it much better but I could give you a hand with this. Despite the fact that M15 35/50 were on top of each other - they were flat as well as H1 35/50 flat meaning no real trend. When M15 35/50 are flat take signals from HTF. You ...

CHOROS System

I think it's because they happen mostly after Asia close or NY closing and we mainly trade from London/Frankfurt till London end.. Yes, they do form during London session but very rarely, when market is slowly trending.

CHOROS System

:nerd: I didin't take EU trade but entered GU after seeing that M15 double bottom at D1 10, H4 62, 50 and TP hit at DP..

CHOROS System

I would be looking to buy somewhere but it surely needs a good pullback, I see it going all way to around 1.295 and for GU it is hard to predict something because H1 and M15 ma's are flat

CHOROS System

I just checked it and it seems that bounce on GU from W1 50, H4 35, H1 200 did the trick. On EU it's the same, bounce from W1 35, DS1, WP, H1 200 and 1.275... In the future I have to pay more attention if we are already bouncing from HTF before ...

CHOROS System

Got my SL hit on EU. And lol on GU it ignored all bunched MA's...

CHOROS System

Good call, I think it will go far more.

CHOROS System

We could try longing EU from DP, H1 35 and H4 10 if we get a decent rejection and since M15 are flat... I'm suprised that M15 35/50 12:30 GMT worked so well and there was many HTF MA's close by.

CHOROS System

Nice to see you here Kostas, could you explain why you did not take M5 trade on GU at 9:45 GMT which was at the same price as yours but it reversed that time. The one that you took at that price went fine. Thanks.

CHOROS System

Chasing that bloody train...

CHOROS System

I think it's better to leave GU alone, as H1 and M15 35/50 are flat, we may try shorting EU from M15 35/50 or H1 10..

CHOROS System

Indeed good but it seems that rejection bars on M15 and H1 from H4 35, R1 looked too strong... And not to mention that in M15 TF 35 was above 50..

CHOROS System

Short ?

EURUSD

I wouldn't be so sure..

EURUSD

Lol..feeling like new Vanga..

CHOROS System

Now it could be really time for reversal - long wicks on H1... P.S On EU maybe we will see a double top at 1.275 (W1 35), then we could try south.

CHOROS System

I could share my 2cents with scooped (counter) trades. The general criteria would be to take them only if: M15 35/50 is FLAT or DIVERGING or WIDE, then M15 bar crosses and closes above/below 10 EMA which is also pointing up/down and you see there a ...

CHOROS System

On GU so far no indication for a reversal, one could try shorting that bloody cable...

CHOROS System

Perhaps it could bounce but maybe from 1.585, DS1 and D1 200

CHOROS System

That EU trade wouldn't been so good as H1 10 EMA and M15 35/50 have been touched multiple times, this time it worked because of the H4 scooped-up 7:15 GMT which carried the price higher.. Cheers and green pips P.S On EU we are now touching Weekly 35

CHOROS System