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I don t speak for the newbies under us. But the adults do it live since many years. ![]() Take your time and read the thread properly.. All your questions are already answered. Guido |
You are already lucky by nailing the right thread with only your second post in FF ! So, now put the time and effort studying & practicing and then we talk again in here. |
just wondering why we use exactly numbers 10,35,50 instead of lets say for example 15,40,60 is it through backtest that we picked these numbers or something? |
Hello kitty! Your MAīs of the traded pair look a bit too flat and seperated for my taste. Skip the tiny timeframes until you get the basics right. Overtrading is a big killer of hard earned pips. Try to focus your trade and open/close it with a plan.. Your shown entries and exits looks very impatient.. Pick only AAA setups and youīll get payed, otherwise YOU pay. stay tuned Guido |
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Keep it simple. For the first couple of thousand screenhours Iīd stick to simple entry and exit. Have a plan and trade it. Later, when you already made some green you can think about trailing. Instruments have a different behaviour, some tends to retrace and fill your stop at BE, others run slowly but stable to TP. Pick one or two to learn how they react in different market phases. Read the thread properly, itīs really all answered with good examples how to do. Guido |
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Good evening guys.I am young to this place.Where can i study the strategy? |
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This is my first post on FF, I've been here awhile, but I thought it'd start posting here now too. I've stumbled across this thread multiple times, but have never really taken it seriously. Will be posting here regularly once I get into the swing of things and read through all the PDF's/Doc's again... ![]() |
Hey gang, after many years studying other methods and running in circles, Im willing to give Choros another try, I had mixed results with it in the past but every time I end up coming back to it because Its the absolute best method around, its the one that makes sense to me. After reviewing my past trades using choros I realized most of them where taken without strong confluence or violating some rule, amazing how hard it is to follow simple rules. However there's one question that really keep me confused, and it is the difference between a touch and a bounce trade, I understand the first "touchs" are the best and safest, but does this apply to taking "bounce" trades as well? In other words are you taking 3rd or 4th bounce trade setup if with good angle and strong confluence like pivot or RN? Sorry if already answered, I went thru the thread several times in the past, read more than one time the TOC but still cant find a definitive answer, I believe this confusion somewhat contributed to my lack of success with this system, which I believe is a very strong and solid system if one is able to dominated it. This is likely my last shot at forex, 6 years now, its time to settle and get this! cheers Guido and Kostas, its nice to be back |
Good morning Mercennary, good to see you. "amazing how hard it is to follow simple rules." - true "However there's one question that really keep me confused, and it is the difference between a touch and a bounce trade, I understand the first "touchs" are the best and safest, but does this apply to taking "bounce" trades as well? In other words are you taking 3rd or 4th bounce trade setup if with good angle and strong confluence like pivot or RN" I trade this method now for around 6 years -- and i really have no clue about the difference between a touch and a bounce.. for me both are same, because they touched. for me counts only one thing- first touches are the safest touches, means normally I donot trade second ones. I just found no valid rule when second, third, fourth touches work and when not. But that is my personal kind how I trade it. I think itīs not too complicated to trade only first touches, steep angle, empty space to round etc. The dance manual includes also ping pong trades, constrainments or scoops. thatīs advanced stuff.. there is no need to know and adapt all this stuff to your trading. Important is only to keep it simple.. trade only what you understand and do not overtrade. Sitting on your hands while the conditions for a trades are not given, is also a kind of being profitable!! Stay green and it would be nice if we see more charts. Guido |
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