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CHOROS System

  • #13,401
  • Jan 9, 2018 7:29am Jan 9, 2018 7:29am
Thank you Kostas! Fortunatelly i won and got 23 pips, but i will pay attention to these things!

Today trade and i have one more opening on H1 EMA10 bounce.

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  • #13,402
  • Jan 9, 2018 7:59am Jan 9, 2018 7:59am
It is a sad news that Clay is dead. Rest in Peace Clay.
On my way to financial independence - if others can do it - I can do it
  • #13,403
  • Jan 9, 2018 8:01am Jan 9, 2018 8:01am
Hi guys - please have a look at the picture of GU of today
1. green marked - quite a drop without single touch of the 10 ema.
2. red one - at that time I'd think price constrained and it is good signal to go south (and I did)
3. now the blue circle - if the second candle touches 10 ema will it be classed as first touch?
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On my way to financial independence - if others can do it - I can do it
  • #13,404
  • Jan 9, 2018 1:46pm Jan 9, 2018 1:46pm
Quoting Eur Usd
Hi guys - please have a look at the picture of GU of today 1. green marked - quite a drop without single touch of the 10 ema. 2. red one - at that time I'd think price constrained and it is good signal to go south (and I did) 3. now the blue circle - if the second candle touches 10 ema will it be classed as first touch? {image}
Hi my friend,

I actually traded the first bounce from the EMA10. But this was NOT an AAA trade because:
1. It took more than 2 bars to get to the EMA10 but most importantly,
2. it was hitting the Daily EMA 10, H4 50
So I exited as soon as it hit those and the M15 bars started going up (but I thought it would at least hit the RN at 1.3500, usually GU does that, but whatever...)
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  • #13,405
  • Jan 9, 2018 1:53pm Jan 9, 2018 1:53pm
Quoting kostas1
Hi my friend,
Hi. Always good to see your advice ;-)
Been about 5 if not 6 years in this method and I am still bad at it.
On my way to financial independence - if others can do it - I can do it
  • #13,406
  • Jan 9, 2018 2:53pm Jan 9, 2018 2:53pm
Quoting kostas1
{quote} Hi my friend, I actually traded the first bounce from the EMA10. But this was NOT an AAA trade because: 1. It took more than 2 bars to get to the EMA10 but most importantly, 2. it was hitting the Daily EMA 10, H4 50 So I exited as soon as it hit those and the M15 bars started going up (but I thought it would at least hit the RN at 1.3500, usually GU does that, but whatever...) {image}
Still a really cool trade.
Almost a pinbar with body in trend direction.
... Jan Kone style..
Risiko birgt immer auch die Chance.
  • #13,407
  • Jan 9, 2018 4:23pm Jan 9, 2018 4:23pm
Quoting kostas1
{quote} Hi my friend, I actually traded the first bounce from the EMA10. But this was NOT an AAA trade because: 1. It took more than 2 bars to get to the EMA10 but most importantly, 2. it was hitting the Daily EMA 10, H4 50 So I exited as soon as it hit those and the M15 bars started going up (but I thought it would at least hit the RN at 1.3500, usually GU does that, but whatever...) {image}

I thought took this trade but my problems was:
1. too sideway candlestick moves before bounce from 10EMA and the EMA started to moves sideways also.
2. too sharp fall in the last two hours

Kostas these kind of trades are profitable on the long term and should i take it or better to wait for AAA trades?

This is my H1 trades, bounce from 10 EMA the EMA's are steep, my TP was the First trouble area. Finally i got 16 pips.
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This trade was an AAA?
  • #13,408
  • Jan 10, 2018 1:16am Jan 10, 2018 1:16am
Quoting Bigindoda
{quote} I thought took this trade but my problems was: 1. too sideway candlestick moves before bounce from 10EMA and the EMA started to moves sideways also. 2. too sharp fall in the last two hours Kostas these kind of trades are profitable on the long term and should i take it or better to wait for AAA trades? This is my H1 trades, bounce from 10 EMA the EMA's are steep, my TP was the First trouble area. Finally i got 16 pips. {image} This trade was an AAA?
We actually took the same trade...Look my last post, it is the same trade in M15.
You traded it in the H1. You entry was better than mine !
  • #13,409
  • Jan 10, 2018 1:25am Jan 10, 2018 1:25am
Quoting Bigindoda
{quote} I thought took this trade but my problems was: 1. too sideway candlestick moves before bounce from 10EMA and the EMA started to moves sideways also. 2. too sharp fall in the last two hours Kostas these kind of trades are profitable on the long term and should i take it or better to wait for AAA trades? This is my H1 trades, bounce from 10 EMA the EMA's are steep, my TP was the First trouble area. Finally i got 16 pips. {image} This trade was an AAA?

Almost AAA

Look for higher timeframes.
If they confirm it´s a nice setup--

1. no flat MA´s for touch trades
2. first touches are the most safe touches.
3.timing.. minimum one market must be open
4.Higher timeframes confirm?

-- written over and over in this thread--

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,410
  • Jan 10, 2018 8:50am Jan 10, 2018 8:50am
Today entry: bounce off 20/35/50 MA's, TP was my Daily Pivot. maybe too flat ma's? wrong trade?

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  • #13,411
  • Jan 10, 2018 8:54am Jan 10, 2018 8:54am
Quoting Bigindoda
Today entry: bounce off 20/35/50 MA's, TP was my Daily Pivot. maybe too flat ma's? wrong trade? {image} {image}
-- Sometimes it just don t work.


.. but in THIS case-- Flat MA´s.

Finnish 100 trades, then do a tough analytic of every trade.
SL and TP ratio, could they have a better timing.. how many pips didtance from MA.. naja.. and so on..

Then make a statistic.-- with 100 you can.

As closer the trade opened to the MA, as tighten your stop.-- it´s all in your hands..
Risiko birgt immer auch die Chance.
  • #13,412
  • Jan 10, 2018 9:10am Jan 10, 2018 9:10am
Quoting Sesamstrasse
{quote} -- Sometimes it just don t work. .. but in THIS case-- Flat MA´s. Finnish 100 trades, then do a tough analytic of every trade. SL and TP ratio, could they have a better timing.. how many pips didtance from MA.. naja.. and so on.. Then make a statistic.-- with 100 you can. As closer the trade opened to the MA, as tighten your stop.-- it´s all in your hands..

Thank you for your advices these are very helpful for me! Do you always look for good RR ratio? because i do not care about it.
  • #13,413
  • Jan 10, 2018 10:03am Jan 10, 2018 10:03am
Quoting Bigindoda
{quote} Thank you for your advices these are very helpful for me! Do you always look for good RR ratio? because i do not care about it.
For "dancing" I accept a 1:1 .. included spread and transactions costs.
https://www.forexfactory.com/showthr...io#post8374087

https://www.forexfactory.com/showthr...io#post8088515


Helpful for me with the targets on a Ema 10 bounce was the "retrace bot" by ARHA.. posted earlier in this thread..

I´s not a "full automated bot", it´s more a trademanager what YOU activate for ONE trade when the conditions are given.

-- It calculates the TP--if you activate the smiley or not-- for that it wa helpful.

-- and of course the simulator to get experience faster how AAA trades looks like and how to spot them correctly..
-- written over and over in this thread..
Risiko birgt immer auch die Chance.
  • #13,414
  • Jan 11, 2018 8:45am Jan 11, 2018 8:45am
I got two trades today with +3 pips.

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  • #13,415
  • Edited 2:10pm Jan 11, 2018 11:29am | Edited 2:10pm
Quoting Bigindoda
I got two trades today with +3 pips. {image}
.. about the second arrow--
remember what Kostas and me wrote about wide separated MA´s-


It really can be that easy-

took a nice h4 10 ema after confirmation of a "almost"50 bounce yesterday--
H1 showed me a clear break of 35/50 and coming back to trend of the moment. final TP 15130--
BUT:
Ididn t like the PA and kicked it out about 85 green pips a bit before the news release.

.. saw this nice spike today..with my mobile phone...
....took it again after it didn t rise that much above the 50 ema h4....
... and now I set my SL to Be and let it run.. we will see how it goes..


I´m too busy for intrdaday trading atm.. but you can see-- simple, effective.. plays out --
-- THAT EASY--

Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #13,416
  • Jan 15, 2018 6:13am Jan 15, 2018 6:13am
Took this trade, hit my sl. It was good for First EMA10 touch on M15, and M5 First 35/50 touch? or this work only when the trend changed?

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  • #13,417
  • Jan 15, 2018 6:58am Jan 15, 2018 6:58am
Quoting Bigindoda
Took this trade, hit my sl. It was good for First EMA10 touch on M15, and M5 First 35/50 touch? or this work only when the trend changed? {image} {image}
Today is a american holiday, banks are closed there..
I woultn t expect that much violence today..


Then market ran a good way up since friday.. 260 pips around.. without a deeper retrace..

Why not earlier?
No 1 -- aah-- I´m not sure if i had the balls to jump in, not a clean and clear touch
No2 -- excellent entry-- easy to get when someone is patient
No3-- Aaah, common-- wonderful AAA entry--
- or even 2 candles later -- a jump on the train when the candle opened on the 10 Ema and touched it?


-- dancing is only when the music plays--
Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #13,418
  • Jan 15, 2018 8:21am Jan 15, 2018 8:21am
Quoting Sesamstrasse
{quote} Today is a american holiday, banks are closed there.. I woultn t expect that much violence today.. Then market ran a good way up since friday.. 260 pips around.. without a deeper retrace.. Why not earlier? No 1 -- aah-- I´m not sure if i had the balls to jump in, not a clean and clear touch No2 -- excellent entry-- easy to get when someone is patient No3-- Aaah, common-- wonderful AAA entry-- - or even 2 candles later -- a jump on the train when the candle opened on the 10 Ema and touched it? -- dancing is only when the music plays-- Stay...

Hello Sesamstrasse,

No1: Very good First 10 ema touch (I took it)
No2: How to handle this entry? (touch or bounce)
No3: EM's are not too separated?
  • #13,419
  • Jan 15, 2018 9:19am Jan 15, 2018 9:19am
Quoting Bigindoda
{quote} Hello Sesamstrasse, No1: Very good First 10 ema touch (I took it) No2: How to handle this entry? (touch or bounce) No3: EM's are not too separated?

2 is a nice trend continuitaion, price touched the 10 ema nicely.. but .. trading is a discretionary thing.. One likes it, another not.

3?? it´s a clsssic "dead end on a MA-- in this case a steep 50 ema in trend directiomn.. man, you won t find it often...
If you see it -- ride it --

When I started dancing I was hunting the retraces from hard news.. "NFP and so on"---- the market made enormeous moves in my monitored pairs--
200+ pips and more.. before they retraces and touched anywhere a 10 ema in m15 and gave me 10 pips or so.

Meanwhile I try to get the trade early on a usual busines day. I stay a way from news as much as I can..
-- looks like it´s a bit Kostas style as well, and he´s the magician here.

Did you read the thread?-- better you DO it..

For intraday trading, I haven t seen anything better.
Risiko birgt immer auch die Chance.
  • #13,420
  • Jan 17, 2018 6:05am Jan 17, 2018 6:05am
Late entry, but it worked OK. (best entry would have been 2 bars earlier and 10 pips higher).
M15 35/50 short, confluenced with H4 10, H1 10, DP, RN.... can't ask for anything more.
I exited at DS1, since it is countertrend at the higher TFs.
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