I exit at BE because 30 min has pass and price seems to be going no where.

CHOROS Interactive

I think it's still not too late to enter EJ 10EMA touch. it confluenced with 15M 35/50

CHOROS Interactive

Hi, I think this is not in the manual(correct me if I am wrong), A lot of us here have a rule that we don't enter 10EMA touch trades if the 35/50 MA does not have a steep angle and the lines are not parallel. And that is the case right now.

CHOROS System

A nice EG constrainment setup is occuring now for H1 35 MA. Right now we are on the third exhaustion bar. -Daily 35/50 are pointing down and parallel.

CHOROS Interactive

Just now it seems like it, I was just warning for a trade. Right now at hindside there weren't any valid constrainment setup.

CHOROS Interactive

It was once up 10 pip, it came right down and took out my +2 pip stoploss. I did not reenter the second time because by then the MA's angle is not steep enough. But yes a 2 pip winner! lol

CHOROS System

There is arguably a constrainment setup for UJ right now. 15M 10EMA. Now is the second exhaustion bar. All 35/50 MA for every timeframe is also pointing short.

CHOROS Interactive

There is one thing I notice, if I aim to get X amount of pips a day I start feeling impatient to enter trades. It also affect the way I exit and manage the trade. However if I make a point to take every "by the rule" dance trade within a certain ...

CHOROS System

Yes it failed but that is not the issue. The reason why it is a wrong trade for a 10 EMA touch is because it broke the 2 bar rule. From what I see you have taken the trade at the third bar. But if you have taken the trade on the second bar (the bar ...

CHOROS System

Wow great. When you finish with the exit strat it will be the real monster.

CHOROS Interactive

Funny I am feeling that constrainment trades are more reliable and easier to spot than touch trades because constrainment setup will give you ample warning before it happen. I wonder how many see it this way.

CHOROS System

Hey mimic, I hope your EA is catching this. Constrainment setup developing on AUDUSD 15M 10 EMA to the long side -Every 35/50 for most timeframe is pointing bullishly with very steep slope. Update: Oops by the time I have finished typing the trade ...

CHOROS Interactive

No prob, as sonic on this forum say, "sharing is caring".

CHOROS System

I won't, if I really really have to I will play with the simulator at the end of the day

CHOROS System

I am glad this trade work out for you but it won't qualify as a touch trade because: -It took too many bars to get there(see the comments of eclayf on page 21 of the dance thread) -It broke the 15 bar rule -A scoop down by the 10EMA has been formed ...

CHOROS System

I didn't take this trade because I was away but the market would have gone +20pips after 2 hours. I am getting it about identifying and trading constrainments thanks to some generous people in this thread. I have been looking at constrainments for 1 ...

CHOROS Interactive

In USDJPY H1 there is a constrainment forming under 10EMA. 35/50 MA for H1, H4, D1 timeframe is steep except for 15M. The constrainment is to the short side.

CHOROS Interactive

It will definitely be a trade that won't work out if I entered. I hope someone can comment on this failed trade. As Alien said, 35/50 was diverging. The pip difference between 35 and 50 is also a staggering 23 pips which probably indicate a ...

CHOROS Interactive

A constraintment occuring at EU 15M on 35 MA. If this bar turns out to be an exhaustion bar I will enter at the close. -Steep 35MA, though not parallel -Direction confirmation from 35/50 MA from H1 -2 exhaustion bars that is progresively heading ...

CHOROS Interactive

This is my second constrainment trade that work, I am satisfied. I got out near the RN for 18 pips. However I have to mention that the trade went against me at forst for about 10 pips. I had a 12 pip SL.

CHOROS Interactive