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CHOROS Interactive 2,625 replies

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  • Post #13,701
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  • Jun 4, 2018 4:56pm Jun 4, 2018 4:56pm
  •  Bigindoda
  • | Joined Jun 2017 | Status: Member | 89 Posts
I will post only my losing trade.

First bounce off 35/50 EMA's, TP would be the RN.

Maybe the problem was the flat MA's... or just bad luck...

Otherwis it was a good day, this was my only losing trade so I do not worry just want to know what was the problem with it, bad entry or simple losing trade.


Here is:
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  • Post #13,702
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  • Jun 4, 2018 6:22pm Jun 4, 2018 6:22pm
  •  endroute
  • Joined Oct 2007 | Status: Member | 527 Posts
Just dropping in to say hi. It seems everybody is doing well, keep it up.
 
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  • Post #13,703
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  • Edited at 4:52pm Jun 5, 2018 4:41pm | Edited at 4:52pm
  •  Bigindoda
  • | Joined Jun 2017 | Status: Member | 89 Posts
This is my losing trade.

Cable didn't love me again

Touch trade, according to the rules: two bar rule, steep 70° EMA10

Here is:
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  • Post #13,704
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  • Edited at 3:57am Jun 6, 2018 3:34am | Edited at 3:57am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
Finally could trade again today. All my trades I took after a closed M5 candle and only if the M15 has a nice trend.

+15
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+7, closed it because of the MP
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+15
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And my loser, should have waited for a closed confirmation candle on the M5
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  • Post #13,705
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  • Jun 6, 2018 5:09am Jun 6, 2018 5:09am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
Last one today, DP bounce and M5 bounce of 35/50

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  • Post #13,706
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  • Jun 6, 2018 7:59am Jun 6, 2018 7:59am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
M5, bounce of 10 and MP, CAD extremly strong across the pairs, easy 10 pips

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  • Post #13,707
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  • Jun 6, 2018 1:52pm Jun 6, 2018 1:52pm
  •  tonny47
  • | Joined Apr 2008 | Status: Member | 1,312 Posts
Quoting Bigindoda
Disliked
This is my losing trade. Cable didn't love me again Touch trade, according to the rules: two bar rule, steep 70° EMA10 Here is: {image}
Ignored
70 degrees is relative steepness. unless you use fixed scale for your charts, 70 degrees could be a lot less in flat markets. not saying that this was steep or it wasnt. just a general point.
secondly, there is no sign of reversal - just two strong bearish candles.
lastly, what other supporting factor did you use to initiate your trade other than ema 10 to make this AAA trade(RN? pivot?)? just something to consider
 
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  • Post #13,708
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  • Jun 6, 2018 1:53pm Jun 6, 2018 1:53pm
  •  tonny47
  • | Joined Apr 2008 | Status: Member | 1,312 Posts
Quoting GodFire
Disliked
Finally could trade again today. All my trades I took after a closed M5 candle and only if the M15 has a nice trend. +15 {image} +7, closed it because of the MP {image} +15 {image} And my loser, should have waited for a closed confirmation candle on the M5 {image}
Ignored
well done! you seem to be nailing it!
 
1
  • Post #13,709
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  • Jun 7, 2018 4:08am Jun 7, 2018 4:08am
  •  zuioio
  • | Joined May 2017 | Status: Member | 10 Posts
trade 1 gbp/usd: I saw a 1 bar retracement to the 50 ema, the 5 and 10 ema where paralel but turned downwards (is this a no no), so I jumped without hesitation. My trailing stop took me out at +11, I got a lot of work with my exits. Oh especially on my entries.. Aand everything else

trade 2 eur/jpy: 35 sma and 50 ema kind of moving sideways and the previous bar pierced through the 50 ema, and this worried me a bit. As I see it now it has a long down wick, which might mean strong upward pressure, but at the time taking the trade I wasn't thinking this. At the time I saw a 1 bar retracement to the 50ema, and 1 look at the D1 screamed at me: I'm trying to bump the D1 35sma/50ema 130.05, so took it and TP below that ema. +20

trade 3 gbp/usd: 1 bar touch retracement of the 10ema, I saw a lot of potential going up to D1 35sma, but again ruined it with my trailing stop. Anyone see a pattern +19

Also was thinking about shorting eur/jpy at the D1 35/50 confluence for a quick 10 pips, but this would be counter trend right?

Wish you green pips
Love you all <3
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  • Post #13,710
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  • Jun 7, 2018 4:53am Jun 7, 2018 4:53am
  •  zuioio
  • | Joined May 2017 | Status: Member | 10 Posts
Oh, now I see that somehow my question (for me the most important part) was left out of the post, It appeared as I was bragging, but the original motive for my post: I would be happy to hear your opinion, do you see some solid reasoning behind my trades, or I just got lucky? Should I have done something better, different, skipped something?
Shoot away, don't hold anything back, I don't get offended easy, I'm here to learn

<3
 
 
  • Post #13,711
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  • Jun 7, 2018 5:09am Jun 7, 2018 5:09am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
Quoting zuioio
Disliked
Oh, now I see that somehow my question (for me the most important part) was left out of the post, It appeared as I was bragging, but the original motive for my post: I would be happy to hear your opinion, do you see some solid reasoning behind my trades, or I just got lucky? Should I have done something better, different, skipped something? Shoot away, don't hold anything back, I don't get offended easy, I'm here to learn <3
Ignored

"Also was thinking about shorting eur/jpy at the D1 35/50 confluence for a quick 10 pips, but this would be counter trend right?"

Excellent idea, just the 10 aren t enough.

higher timeframes need a bit longer -- and sometimes you wait - a day, or two until you see a clear reaction.

A tp of 10 and"quick" isn t the correct expertation.. . and nope-- all your terades were fine-- good luck--

Guido
The future(s) is mine!Risiko birgt immer auch die Chance.
 
1
  • Post #13,712
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  • Jun 7, 2018 5:22am Jun 7, 2018 5:22am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
Closed it a bit early +8
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+12
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  • Post #13,713
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  • Jun 7, 2018 5:26am Jun 7, 2018 5:26am
  •  zuioio
  • | Joined May 2017 | Status: Member | 10 Posts
Quoting Sesamstrasse
Disliked
{quote} " the 10 aren t enough. higher timeframes need a bit longer -- and sometimes you wait - a day, or two until you see a clear reaction.
Ignored
Thanks Guido, means a lot coming from you.

I wanted to blab out perhaps tp to 15m 35sma/50ema which are together atm (which again probably not enough, but I lack knowledge, this is where you come in Guido ), or if not stretching it too far tp D1 10ema currently 128.70? Some 3rd wiser option? Now I'm confused with the 1-2 day so the effect kicks in thing. I guess I'm thinking "small", and with this small thinking mentality, looking to put sl just 10 pips behind 130.12. Could you say where would you put the SL with this short trade?

<3
 
 
  • Post #13,714
  • Quote
  • Jun 7, 2018 5:33am Jun 7, 2018 5:33am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
Quoting zuioio
Disliked
{quote} Thanks Guido, means a lot coming from you. I wanted to blab out perhaps tp to 15m 35sma/50ema which are together atm (which again probably not enough, but I lack knowledge, this is where you come in Guido ), or if not stretching it too far tp D1 10ema currently 128.70? Some 3rd wiser option? Now I'm confused with the 1-2 day so the effect kicks in thing. I guess I'm thinking "small", and with this small thinking mentality, looking to put sl just 10 pips behind 130.12. Could you say where would you put the SL with this short trade?...
Ignored
IMO Dance/Choros is the best intraday "system" during market opening times.
and i really like it for timeframes below h4.....

Above-- d1, weekly-- montly??
No idea for a sl--

But a TP of 40 to 50 pips is that waht iŽd expect, what means a SL about the same size..

But really where, when, how.... no idea.

Just watch it and see how it reracts-- no need to trade everything!
Have always a plan for entry and exit.. if you don t have one, just sit and watch.
hope that helped

Sry.. busy these days..

Guido
The future(s) is mine!Risiko birgt immer auch die Chance.
 
1
  • Post #13,715
  • Quote
  • Jun 7, 2018 5:48am Jun 7, 2018 5:48am
  •  zuioio
  • | Joined May 2017 | Status: Member | 10 Posts
Quoting Sesamstrasse
Disliked
{quote} Just watch it and see how it reracts-- no need to trade everything! hope that helped Sry.. busy these days.. Guido
Ignored
Yes it helps, thank you Guido, for your time, honesty, and sharing your experience, I really appreciate it. Sorry for asking so many questions.

<3
 
 
  • Post #13,716
  • Quote
  • Jun 7, 2018 8:23am Jun 7, 2018 8:23am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
And last one for today +10. I really need to wait for a better entry. It almost hit my stoploss on this trade and on a trade this morning.

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  • Post #13,717
  • Quote
  • Jun 7, 2018 9:00am Jun 7, 2018 9:00am
  •  kostas1
  • Joined Mar 2009 | Status: I know that I know nothing | 2,726 Posts
Quoting GodFire
Disliked
And last one for today +10. I really need to wait for a better entry. It almost hit my stoploss on this trade and on a trade this morning. {image}
Ignored
In my opinion there is a trade-off here:
Option 1: you take the trade blindly as soon as it hits the right area (EMA 10 or 35/50) with a small stoploss
Option 2: you wait until the market "shows its hand" (Clay's words) with a bigger stoploss

I usually prefer Option 2.....
 
2
  • Post #13,718
  • Quote
  • Edited Jun 8, 2018 2:41am Jun 7, 2018 9:43am | Edited Jun 8, 2018 2:41am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
Quoting zuioio
Disliked
{quote} Yes it helps, thank you Guido, for your time, honesty, and sharing your experience, I really appreciate it. Sorry for asking so many questions. <3
Ignored
No problem, I wouldn t answer if I hat Zero time.

Quoting Sesamstrasse
Disliked
{quote} IMO Dance/Choros is the best intraday "system" during market opening times. and i really like it for timeframes below h4..... Above-- d1, weekly-- montly?? No idea for a sl-- But a TP of 40 to 50 pips is that waht iŽd expect, what means a SL about the same size.. But really where, when, how.... no idea. Just watch it and see how it reracts-- no need to trade everything! Have always a plan for entry and exit.. if you don t have one, just sit and watch. hope that helped Sry.. busy these days.. Guido
Ignored

And this is what I call a plan:
Basicly EJ d1 50 bounce (first touch)

Entry in m5 -- 2nd touch 35/50 didn t play out and showed weakness---

Ps
stopped out +7 and 13--
I expected 40+50--

I bet it runs south until tomorrow without me-- ^^
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The future(s) is mine!Risiko birgt immer auch die Chance.
1
1
  • Post #13,719
  • Quote
  • Jun 7, 2018 5:51pm Jun 7, 2018 5:51pm
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
Quoting kostas1
Disliked
{quote} In my opinion there is a trade-off here: Option 1: you take the trade blindly as soon as it hits the right area (EMA 10 or 35/50) with a small stoploss Option 2: you wait until the market "shows its hand" (Clay's words) with a bigger stoploss I usually prefer Option 2.....
Ignored
Yeah i prefer option 2 also, but in this case, I could have entered one candle earlier and it would have been a textbook trade
 
 
  • Post #13,720
  • Quote
  • Jun 8, 2018 3:34am Jun 8, 2018 3:34am
  •  GodFire
  • | Joined Oct 2014 | Status: Member | 245 Posts
JPY was strong all the morning, so I waited for a retrace to enter. On both trades I set a TP of 20, but both only went to 18. Closed both at +10.

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