I was talking about 15M. I agree with Anthar it is a porcupine. I wouldn't have noticed otherwise. I am just lucky again I got out with some small pips. (less than 4) I waited till it went pass the MAs and then waited for a retrace.

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I am also watching EURUSD for a touch at 35 MA.

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MAs are flat, I am taking a break. I am up 10 pip total for now....

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USDCHF 15M touch at 35 MA occuring now Update: I got out luckily at 15 pips because the price after that just turn around and would have taken me out at BE......

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Noted.

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What type of dance trade is that. A touch? A contrainment?

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Isn't that a 15M 10EMA touch trade occurring??

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Thanks, I will take good note of that.

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Thanks for the example!

CHOROS System

EURJPY constrainment off 15M 5EMA to the long side, good to enter if this bar close as an exhaustion bar.... Update: Stop out for -12pips

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Got out at exactly 50 pip, I wanted to let the trade ride on further then I remember the news yesterday that the bank of Japan wants to push the yen lower........ Knowing the news can be bad. It is only after I got out that I realize that Japan ...

CHOROS System

Yeah that's it. Currently I am in a USDJPY constraiment trade off the 5EMA. I will show some images latter. I don't know how valid these trades are in the long run, it seems to be working well now.

CHOROS System

It looked like PA was scooped by the 10EMA H1. Anyway PA actually wash out the 35/50 MAs EJ dailies is now touching the 35/50 MA...... I don't trade daily, but lets see if the price starts dropping.

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Hey I can't believe that trade of yours went to BE!! Anyway I would have taken the GBPUSD constrainment you talk about, but I was busy so I didn't do anything. I think it will be a good trade.

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Just and observation: I notice recently with the fast moving market that 5EMA is quite effective for constrainment trades.

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Accept for gold silver and the CHF pairs all pairs seems to have flat 35/50 I am taking a break =)

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35/50 touch of the H1 now occurring at UC EC and CHFJPY Update: All 3 of them washed out the 35/50. So I didn't enter. The 1 min bars didn't look right for any touch

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Getting ready to short AUDCAD H1 as a constraiment trade at COB (if it close as an exhaustion bar) Update: It took out my SL, a failed trade that was by the rule.

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I won't because 35/50 are not steep and parallel.

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