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CHOROS Interactive

Quoting makonen
magic?
Chill, they are explainable.

The markets since the london session was already in a heavy trend. The market retraced a bit at the end of the london sessions to form a support. The entry was made in the direction of the trend and at the support. let me know if I missed any important points.

I entered the same trade at the same time but not with EU, I entered at the pin of AU 15M. It was a good trade.

However the JPY pairs would have been much more profitable in the NY session, I think it is due to the carry trades being resumed. I have been thinking of splitting my position size so I can trade the same signal in more than one market while not over stretching myself.
Market liquidity provider
Quoting makonen
Hello Kostas!
I am really impressive! How did you know that
the price will retrace exactly at the 1,3750 (to the pip!)
and target +50pips
and at the m15/10 ema (2 bars retrace by the rules) only 10 pips ?

magic?
Yeah, I love trendy days. Captured almost 2 days worth of pips yesterday.
Quoting kostas1
Yeah, I love trendy days. Captured almost 2 days worth of pips yesterday.
Thank you Kostas & Biniamin for answers , but
I mean that I entered the trade right at the first touch of m15/10ema after 5min confirmation at 1.3775 and
stopped out and the big retrace happened finally later at the daily /5ema as you predicted! This I mean magic!
How did you know that the big retrace will not happen at the m15/10ema?
Hello old friends.

I haven't posted for more than 6 months now, but i have been reading most of the posts in the last few weeks. I think i will try CHOROS again next days. I'm now with a real account with just a couple of hundred dollars, so it would be a real account test now. I'm thinking of linking the account with zulutrade or something, so the result will be official.

Kostas1 i'm glad that you are still here to support us.
Survivor - the constrainment master is still here, which gives me a lot more confident.

Thanks for all your support !
Better to lose opportunity, rather than capital !
EU:
If it bounces convincingly from 1.3700 & H1 62 I will try a long. Otherwise, my next point of interest is way below at the confluence of Daily EMA10, H4 EMA50,62 & SMA 35 (currently around 1.3575).
Attached Image (click to enlarge)
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Quoting kostas1
EU:
If it bounces convincingly from 1.3700 & H1 62 I will try a long. Otherwise, my next point of interest is way below at the confluence of Daily EMA10, H4 EMA50,62 & SMA 35 (currently around 1.3575).
Right now it feels kind of Ping Pong between H1 35 and 50, also between Daily Pivot and Monthly Pivot.

I think (I could be wrong) that waiting for your second option is more reliable, maybe a bounce to go LONG can happen around Daily S1 near 1.3638
Regarding GBPUSD, H4 closed below 10EMA and also below DP and RN 1.5700, so the Price could fall to Daily S1.

M15 Parallel 35/50 and a reasonable steep 10EMA make me think that SHORTING M15 10EMA touches are on order.

Any thoughts?
Quoting Haydel
Regarding GBPUSD, H4 closed below 10EMA and also below DP and RN 1.5700, so the Price could fall to Daily S1.

M15 Parallel 35/50 and a reasonable steep 10EMA make me think that SHORTING M15 10EMA touches are on order.

Any thoughts?
This looks tempting for 10-20 pips.
Quoting Haydel
Right now it feels kind of Ping Pong between H1 35 and 50, also between Daily Pivot and Monthly Pivot.

I think (I could be wrong) that waiting for your second option is more reliable, maybe a bounce to go LONG can happen around Daily S1 near 1.3638
Porcupine in M15....
Kostas

Are you buying at 1.37 and the H1 62?
Quoting kostas1
EU:
If it bounces convincingly from 1.3700 & H1 62 I will try a long. Otherwise, my next point of interest is way below at the confluence of Daily EMA10, H4 EMA50,62 & SMA 35 (currently around 1.3575).
eu m15 very close 35-50 and steep enough..
price broke h1/62 and next big support is
h4/35-50-62 now at 1.3565 as Kostas said before.
looking for retrace to m15/10 to sculp some pips?
Quoting cmeade2
Kostas

Are you buying at 1.37 and the H1 62?
+32p
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 133 KB
OK. I spotted a problem. On my chart (EUR/USD) the daily pivot is at 1.3745.

On Kostas1 chart is at 1.3735.

Also my monthly pivot is at 1.3709 instead of 1.3711.

Does anyone know how to fix this.

Thanks ...
As usual, you are the master




Quoting kostas1
+32p
Kostas

Was the signal for you that you got the close on the H1 62 with a long downward tail? Things definitely did not look so clear on the 15 or 5 M, in my opinion.

Quoting kostas1
+32p
Quoting FrankBlack
OK. I spotted a problem. On my chart (EUR/USD) the daily pivot is at 1.3745.

On Kostas1 chart is at 1.3735.

Also my monthly pivot is at 1.3709 instead of 1.3711.

Does anyone know how to fix this.

Thanks ...
Has to do with broker time as we discussed before. My broker FXPro uses GMT+2 (+3 summer time) and since these pivots are aligned with NY day, they are usually the most reactive.
Quoting cmeade2
Kostas

Was the signal for you that you got the close on the H1 62 with a long downward tail? Things definitely did not look so clear on the 15 or 5 M, in my opinion.
As you said too confusing in low TFs, so when I noticed that the H1 bar closed right on 62, I went long on the open of the next bar with SL of 20p. The strong trend in H4 and H1 gave me more confidence.
Right the stop/loss was my next question because there were no obvious levels nearby. I suppose you could have used the bottom of the previous 15 M bar, but that was only 8 pips away.

Quoting kostas1
As you said too confusing in low TFs, so when I noticed that the H1 bar closed right on 62, I went long on the open of the next bar with SL of 20p. The strong trend in H4 and H1 gave me more confidence.
Quoting cmeade2
Right the stop/loss was my next question because there were no obvious levels nearby. I suppose you could have used the bottom of the previous 15 M bar, but that was only 8 pips away.
The higher the TF you are trading the higher the SL. Here I was trading H1 exclusively and the action was noisy....
If you use 5 PM in NYC as "midnight" for your pivot calculations (as Kostas does), you also get a fresh start on the pivot levels at the beginning of the week. Otherwise there is overlap which makes things confusing.

Quoting kostas1
Has to do with broker time as we discussed before. My broker FXPro uses GMT+2 (+3 summer time) and since these pivots are aligned with NY day, they are usually the most reactive.
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