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CHOROS System

  • #14,201
  • Nov 12, 2018 6:43am Nov 12, 2018 6:43am
Quoting yhsman
First trade of the week...{image}
Hi yhsman,

could you explain please how you argue this as a sccop-up? I always thought it should be a clear break of all MAs and then a pullback?
Thanks.

Thats my trade so far: EJ M15 10-touch

Best,
J
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2018-11-12 um 13.41.04.png Size: 29 KB
  • #14,202
  • Nov 12, 2018 6:45am Nov 12, 2018 6:45am
Quoting yhsman
First trade of the week. Scoop up trade on m15. And there is a pinbar on h1. I don't have time to monitor it, so i closed at +16 I hope this week will be better. Happy trading everyone {image}

Hi, Can you please do me a favor that What is Scoop up/Scoop Down trades? and all the rules for these trades.

As the main post on The Dance/Choros does not cover these trades, so please let me know where to read the detailed rules for these trades.
  • #14,203
  • Nov 12, 2018 6:49am Nov 12, 2018 6:49am
Quoting atif58
{quote} Hi, Can you please ...

Hi atif58,

look at kosta's post #14.040. There is a short explanation with the previos chart as a visiolization.
Otherwise just search the thread for "scoop-up" and you'll have a lot of examples.

Best,
J
  • #14,204
  • Nov 12, 2018 10:12am Nov 12, 2018 10:12am
Quoting jan4ik05
{quote} Hi yhsman, could you explain please how you argue this as a sccop-up? I always thought it should be a clear break of all MAs and then a pullback? Thanks. Thats my trade so far: EJ M15 10-touch Best, J {image}
I think scoop up occurs when 10ema tries to 'scoop' the candle up. (Correct me if im wrong)
Of course scoop up will happen with conditions that indicate the price will reverse. Like a double bottom. But in this case I took this trade because higher tf pinbar and the price did bounce from RN.
  • #14,205
  • Nov 13, 2018 3:39am Nov 13, 2018 3:39am
Nice entry after touch of 10 for +10.
Attached Image (click to enlarge)
Click to Enlarge Name: 18-11-13GBPCHFM15.png Size: 26 KB


One for +15 (took it simultaneously as the GBPCHF trade) and the other BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 18-11-13GBPJPYM15.png Size: 30 KB


Trade before news, a bit dangerous but I put the SL to BE after 4 pips. Nice 15 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 18-11-13GBPUSDM15.png Size: 32 KB
  • #14,206
  • Edited 5:11am Nov 13, 2018 4:40am | Edited 5:11am
Here are my trades today
The first trade based on the bounce from 35/50 and DP.
The second trade based on the bounce from 35/50 and DP. And there is confluence between 35/50 with h1 35sma. It looks like the price might go higher because there was a gap yesterday.
+15 and +18
Attached Image
  • #14,207
  • Nov 13, 2018 7:40am Nov 13, 2018 7:40am
Nice trades guys,

and you were right...the gap got closed. That trade would have been worth more than 90 pips

Me personally Im struggling a lot the last couple of weeks...I cant really find a solution to make green pips again.
This was my trade from today EA M15 35MA touch (-13 pips). The angle was nice and steep, HTF trend confluence...would really appreciate some input here.

Best,
J
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2018-11-13 um 14.36.57.png Size: 38 KB
  • #14,208
  • Nov 13, 2018 8:07am Nov 13, 2018 8:07am
Quoting jan4ik05
Nice trades guys, and you were right...the gap got closed. That trade would have been worth more than 90 pips Me personally Im struggling a lot the last couple of weeks...I cant really find a solution to make green pips again. This was my trade from today EA M15 35MA touch (-13 pips). The angle was nice and steep, HTF trend confluence...would really appreciate some input here. Best, J {image}
try it again, and again, and again...dont give up when you still see its worth.
it can take months, but realistic it will take a couple of years to get constant profitable;-)

good luck!
trading is like dancing, don't think and just listen to the music!
  • #14,209
  • Nov 13, 2018 8:21am Nov 13, 2018 8:21am
Quoting birdland
{quote} try it again, and again, and again...dont give up when you still see its worth. it can take months, but realistic it will take a couple of years to get constant profitable;-) good luck!
yes thats the truth actually
  • #14,210
  • Nov 13, 2018 8:23am Nov 13, 2018 8:23am
Quoting birdland
{quote} try it again, and again, and again...dont give up
Thanks birdland, I definitely won't give up on this...have seen it working out for others so why shouldn't it work out for me (and others) as well.
I think that the Brexit negotiations right now are influencing a lot the British Pound pairs, as to the extend that we were trading hand signals ("thumbs up" etc.)...crazy.

Thanks for the support and wishing all of you good trading!

J
  • #14,211
  • Nov 13, 2018 8:30am Nov 13, 2018 8:30am
Quoting jan4ik05
Nice trades guys, and you were right...the gap got closed. That trade would have been worth more than 90 pips Me personally Im struggling a lot the last couple of weeks...I cant really find a solution to make green pips again. This was my trade from today EA M15 35MA touch (-13 pips). The angle was nice and steep, HTF trend confluence...would really appreciate some input here. Best, J {image}
For the entry of a touch trade, it has no problem, just a little bit lower (you could have better price).

Several things against your trade:

1. it was a double bottom reversal
2. the entry bar was a big/strong bar, better waiting market to show her hand
3. after your entry, price staying between your open price and SL and above all MAs for 6-7 bars , it told you your entry is not good, it is time to exit with minimum loss, normally touch trades will rebound from MA within 1-2 bars. Suppose you entered a better price, it would be a even trade.
  • #14,212
  • Nov 13, 2018 9:47am Nov 13, 2018 9:47am
Just finished this trade:
GJ M15 35MA touch AFTER I waited a little for the market to "show its hand" +16

Best,
J
Attached Image (click to enlarge)
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  • #14,213
  • Edited 1:10pm Nov 13, 2018 9:53am | Edited 1:10pm
My 1st trade here.

EJ EMA50 bounce.

Edit: Trailing stop locking in 22 pips.
Edit: target DR1, but closed manually for +46pips at cob of 18:15 around DR1.
Attached Image (click to enlarge)
Click to Enlarge Name: ej50b.png Size: 49 KB
  • #14,214
  • Nov 13, 2018 10:02am Nov 13, 2018 10:02am
Quoting jan4ik05
Just finished this trade: GJ M15 35MA touch AFTER I waited a little for the market to "show its hand" +16 Best, J {image}
Missile aiming at the WP, RN !!!! +50p
Attached Image (click to enlarge)
Click to Enlarge Name: GJ1.jpg Size: 52 KB
  • #14,215
  • Nov 13, 2018 10:06am Nov 13, 2018 10:06am
Quoting kostas1
{quote} Missile aiming at the WP, RN !!!! +50p {image}
Aaand that's how you do it with experience
  • #14,216
  • Nov 13, 2018 11:02am Nov 13, 2018 11:02am
Can anyone share the script to print trades on chart?

I looked around the thread but did not find it.

Thanks
  • #14,217
  • Nov 13, 2018 12:25pm Nov 13, 2018 12:25pm
Quoting larryw
Can anyone share the script to print trades on chart? I looked around the thread but did not find it. Thanks
You just need to go to section where you can see closed trades in MT4 and then just drag and drop them onto chart area
  • #14,218
  • Nov 13, 2018 1:00pm Nov 13, 2018 1:00pm
Quoting tonny47
{quote} You just need to go to section where you can see closed trades in MT4 and then just drag and drop them onto chart area
Thanks Tonny, It is working.
  • #14,219
  • Nov 13, 2018 2:34pm Nov 13, 2018 2:34pm
Quoting kostas1
{quote} Missile aiming at the WP, RN !!!! +50p {image}
Well done!

What are those red and blue bold lines? And what's the green arrow below the bar?
  • #14,220
  • Nov 13, 2018 5:50pm Nov 13, 2018 5:50pm
Hey guys.

Great thread and strategy. Some really good traders in here! Can someone post the indicator that plots higher timeframe MAs in lower timeframe charts please.

Cheers
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