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CHOROS System

  • #10,561
  • Apr 24, 2014 4:58am Apr 24, 2014 4:58am
Quoting wealthmaster
{quote} Asking about consulting with higher timeframe in real market.
As I said ! all in this thread!
Risiko birgt immer auch die Chance.
  • #10,562
  • Apr 24, 2014 4:59am Apr 24, 2014 4:59am
Quoting Sesamstrasse
Time to post a Trade ! Ecad , m15 .. first touch 10 ema ...and my SL is above it ( 4 pips SL ) , tp 12 pips . .. and got stopped -4 {image}
I am in the same trade..
  • #10,563
  • Apr 24, 2014 5:07am Apr 24, 2014 5:07am
Quoting kostas1
{quote} The 35/50 are not steep yet. Usually, if I decide to take such a trade the SL should be above the 35/50. Seems the trade went your way after taking the -4 SL.
When I entered , my Sl was 9 .. but after 4 pips I tightened my SL to 4 .. if the market plays with me , okay !
I didnīt like the steepness of 35 and 50 , so I deciced give not more space , 5 pips more is a round number .. and 3 more a pivot .. nonono.
Same time I monitored GCAD and the price overshoot the 35 + 50 .
This pair is famous for overshooting every line ..
I decided with - 4 Iīm fine --
Risiko birgt immer auch die Chance.
  • #10,564
  • Apr 24, 2014 5:40am Apr 24, 2014 5:40am
EURCAD +14 could have got 20+ errrrr
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  • #10,565
  • Apr 24, 2014 5:44am Apr 24, 2014 5:44am
Quoting Sesamstrasse
{quote} When I entered , my Sl was 9 .. but after 4 pips I tightened my SL to 4 .. if the market plays with me , okay ! I didnīt like the steepness of 35 and 50 , so I deciced give not more space , 5 pips more is a round number .. and 3 more a pivot .. nonono. Same time I monitored GCAD and the price overshoot the 35 + 50 . This pair is famous for overshooting every line .. I decided with - 4 Iīm fine --
wow.. you also watch co-related pair while managing the trade?
  • #10,566
  • Apr 24, 2014 7:04am Apr 24, 2014 7:04am
Eurusd -12 sold at 15 min 10 EMA
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  • #10,567
  • Apr 24, 2014 8:32am Apr 24, 2014 8:32am
EURJPY -13
First touch 10 ema .. Very strange movements in the market
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  • #10,568
  • Apr 24, 2014 8:37am Apr 24, 2014 8:37am
Quoting wealthmaster
{quote} wow.. you also watch co-related pair while managing the trade?
not often .
Risiko birgt immer auch die Chance.
  • #10,569
  • Apr 24, 2014 8:38am Apr 24, 2014 8:38am
Quoting wealthmaster
Eurusd -12 sold at 15 min 10 EMA {image}
Got a BE in this one ^^ finally - 6 today ..
Risiko birgt immer auch die Chance.
  • #10,570
  • Apr 25, 2014 2:30am Apr 25, 2014 2:30am
Quoting Sesamstrasse
{quote} Got a BE in this one ^^ finally - 6 today ..
Which one is the first touch according to you?
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  • #10,571
  • Apr 25, 2014 2:45am Apr 25, 2014 2:45am
Quoting wealthmaster
{quote} Which one is the first touch according to you? {image}
The 1. one looks for me more like a constrainment and the second is the touch ,
BUT ::
I cannot see a trend , the market ran only around 12 pips down !
Itīs more a porcupine !
I didnīt do anything!


http://www.forexfactory.com/showthre...20#post7005920

This is what you should look for !

Market braking a minimum of 20 pips out .. come back .. touches .. and runs direction tp .
I tightened my Slīs and targets a little later , but the entry was great !
Risiko birgt immer auch die Chance.
  • #10,572
  • Apr 25, 2014 2:54am Apr 25, 2014 2:54am
Quoting Sesamstrasse
{quote} The 1. one looks for me more like a constrainment and the second is the touch , BUT :: I cannot see a trend , the market ran only around 12 pips down ! Itīs more a porcupine ! I didnīt do anything! http://www.forexfactory.com/showthre...20#post7005920 This is what you should look for ! Market braking a minimum of 20 pips out .. come back .. touches .. and runs direction tp . I tightened my Slīs and targets a little later , but the entry was great !
Thanks, 20 pips breaking for pair like EURJPY and 10-12 pips for slow moving pair?
  • #10,573
  • Apr 25, 2014 3:02am Apr 25, 2014 3:02am
Quoting wealthmaster
{quote} Thanks, 20 pips breaking for pair like EURJPY and 10-12 pips for slow moving pair?
For ej better 25-35 , for slow moving pairs a minimum of 18 ..
I .. hate slow moving pairs!

The " touches" are retraces !!
So look for a trend and find a retrace ( a touch ) !
Risiko birgt immer auch die Chance.
  • #10,574
  • Apr 25, 2014 3:09am Apr 25, 2014 3:09am
Quoting wealthmaster
{quote} Which one is the first touch according to you? {image}
No valid touches here. The 35/50 are flat, no real trend yet. The other problem is that you would short with the DP in front of you which is not a good idea usually.
  • #10,575
  • Apr 25, 2014 3:12am Apr 25, 2014 3:12am
Quoting kostas1
{quote} No valid touches here. The 35/50 are flat, no real trend yet. The other problem is that you would short with the DP in front of you which is not a good idea usually.


You īre really good in explaining!
Risiko birgt immer auch die Chance.
  • #10,576
  • Apr 25, 2014 3:17am Apr 25, 2014 3:17am
Quoting kostas1
{quote} No valid touches here. The 35/50 are flat, no real trend yet. The other problem is that you would short with the DP in front of you which is not a good idea usually.
Thanks .. nice point.. my itchy fingers always want some action
  • #10,577
  • Apr 25, 2014 4:57am Apr 25, 2014 4:57am
Quoting wealthmaster
{quote} Thanks .. nice point.. my itchy fingers always want some action
Yes , my fingers too !

Thatīs the big trick with that strategy !!!

If you solve this , youīll have a profit .... if not ..so not !!!!!!!!!!!!

Thatīs one reason why I only trade M15 .

I can define exactly when itīs trending.
Risiko birgt immer auch die Chance.
  • #10,578
  • Apr 25, 2014 5:58am Apr 25, 2014 5:58am
Quoting Sesamstrasse
{quote} Yes , my fingers too ! Thatīs the big trick with that strategy !!! If you solve this , youīll have a profit .... if not ..so not !!!!!!!!!!!! Thatīs one reason why I only trade M15 . I can define exactly when itīs trending.
ya, but you have one advantage, You are at your job and trading, means you can engage in your job activities if there is no quality setup.

For somebody like me who has all the time to watch the screen. Its hard to resist. ( I always think ohh its 5 min entry ohh its 1 hour touch etc etc)
  • #10,579
  • Apr 25, 2014 6:37am Apr 25, 2014 6:37am
Quoting wealthmaster
{quote} ya, but you have one advantage, You are at your job and trading, means you can engage in your job activities if there is no quality setup. For somebody like me who has all the time to watch the screen. Its hard to resist. ( I always think ohh its 5 min entry ohh its 1 hour touch etc etc)
So you have time to find out what belongs to you .. and learn the strategy .
Most traders need 10 k screen hours to be profitable .
I didn īt count mine .. but I think it was more ..
This thread is extremly helpful , I believe you can half the screenhours with its help .
But 5000 screenhours is not done in a week ^^
Risiko birgt immer auch die Chance.
  • #10,580
  • Apr 25, 2014 9:07am Apr 25, 2014 9:07am
Kostas, Was it according to your rule scooped up trade?
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