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CHOROS System

  • #14,341
  • Jan 8, 2019 3:13am Jan 8, 2019 3:13am
If I may, I attached an image.
Please critique my trade - anyone, it failed... At the time the MAs were looking good and pointing downwards. Any tips / advice will be appreciated.

When backtesting I do fairly well, but seems like when I go live not so much... (I am new to this game)

(I use the M5 mostly for my Dance trades.)
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  • #14,342
  • Jan 8, 2019 7:15am Jan 8, 2019 7:15am
Quoting Jp-b
If I may, I attached an image. Please critique my trade - anyone, it failed... {image}
Hi Jp,

I find your imagine quite difficult to "read", bc I dont see your entry nor SL/Exit point, BUT just looking at the M15 TF it looks like a "MA soup".
There is no clear trend, which is crucial especially if you just starting of dancing. So my advice would be to be more patient and watch out for clear trends to take the pullbacks!

Keep posting your charts and wish you great dancing this year!

Best,
J
  • #14,343
  • Jan 8, 2019 7:34am Jan 8, 2019 7:34am
Kostas 1 your system is automatic or you trading manually? thx
  • #14,344
  • Jan 8, 2019 10:26am Jan 8, 2019 10:26am
Quoting HamidM
{quote} Hi why you entry late? after break the ma you can enter?
Yes.. basicly you´re absolutely right!

But this won t work with M1-- otherwise you have more losers than winners.

Take a look about the microshelf and the lower highs..basic PA.

Best entry would have been marked -- constrainment 10 Ema on m1 after all conditions met and broke the microshelf--
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Risiko birgt immer auch die Chance.
  • #14,345
  • Edited 10:43am Jan 8, 2019 10:31am | Edited 10:43am
Quoting Jp-b
If I may, I attached an image. Please critique my trade - anyone, it failed... At the time the MAs were looking good and pointing downwards. Any tips / advice will be appreciated. When backtesting I do fairly well, but seems like when I go live not so much... (I am new to this game) (I use the M5 mostly for my Dance trades.) {image}
Hi.

Your chart looks messy, flat MA´s
-just not clear-


Better start with m15 or h1.
Simple 10, 35 and 50 bounces.
There´s no need to trade live until you know how to do.
(It´s your money and YOU decide how you waste it)-- nobody else.

You can see how the price respects the lines with some screenhours.
Training and patience is what seperates a experiented trader from a newbie.

Don t be too greedy for too many pips--
All written over and over--

Good luck

Guido
Risiko birgt immer auch die Chance.
  • #14,346
  • Jan 8, 2019 10:48pm Jan 8, 2019 10:48pm
Quoting jan4ik05
{quote} Hi Jp, I find your imagine quite difficult to "read", bc I dont see your entry nor SL/Exit point
Yes you have to zoom into the chart to see my entry point and where I was SL out. Thank you for the advice. I thought I saw a rejection forming, but looking at the charts this morning I realised how I rushed this trade not waiting for PA and MAs to become steep enough.

Quoting Sesamstrasse
{quote} Hi. Your chart looks messy, flat MA´s -just not clear- Better start with m15 or h1. Simple 10, 35 and 50 bounces.
Thank you Guido, I think patience is my number one lesson here. Back to the basics for me, training and the Manuals again.

Thank you for your time guys, really do appreciate it.

- JP
  • #14,347
  • Jan 9, 2019 5:15pm Jan 9, 2019 5:15pm
Hi
Is setup correctly? the price reaction to the 50 ema . but 35 sma (black line) is above price.
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  • #14,348
  • Edited 3:24am Jan 10, 2019 1:10am | Edited 3:24am
Quoting HamidM
Hi Is setup correctly? the price reaction to the 50 ema . but 35 sma (black line) is above price. {image}
Yes.. correct setup.
... but not nice IMO..

The Ma s are wide seperated.. look for first touches in a trend when they are closer ..
Risiko birgt immer auch die Chance.
  • #14,349
  • Jan 10, 2019 4:14am Jan 10, 2019 4:14am
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  • #14,350
  • Edited 1:55pm Jan 10, 2019 12:45pm | Edited 1:55pm
2 winners , one loser.
Scoop up failed and went short--

Out with about 13 pips -4 pips afterwork.
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Risiko birgt immer auch die Chance.
  • #14,351
  • Jan 11, 2019 3:11am Jan 11, 2019 3:11am
Good Morning,

here are my two trades from today GA M15...the first one I took as a constrainment (-9.5) as my SL was hit. Re-entered at the next pullback (+20).
I noticed that if the overall trend is clear (watch HTF !!) the first pullback of a momentum often doesn't hit the 10EMA (probably not even on the M5), so I was watching this "phenomenon" over longer time now and it worked out well entering the pullback without a real touch in these situations...this just on a side note

Have a great weekend guys,
J
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  • #14,352
  • Jan 11, 2019 3:39am Jan 11, 2019 3:39am
CADJPY +5 Closed manually.
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  • #14,353
  • Edited 12:16pm Jan 14, 2019 4:00am | Edited 12:16pm
CHFJPY Sell SL -10
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EURCAD Buy BE
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NZDJPY Buy BE
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  • #14,354
  • Jan 14, 2019 4:37am Jan 14, 2019 4:37am
Hello and Happy new Year everybody

First trade of the year went straight in TP of +10
GU 15 scoop up from SMA 35
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  • #14,355
  • Jan 14, 2019 6:09am Jan 14, 2019 6:09am
Hi all
eurjpy trand in H1 is down and M15 is too down trend. Is a correct signal?

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  • #14,356
  • Jan 14, 2019 6:13am Jan 14, 2019 6:13am
Quoting HamidM
Hi all eurjpy trand in H1 is down and M15 is too down trend. Is a correct signal? {image}
I would say it is a correct signal..Im currently in it short, so waiting what will happen...
  • #14,357
  • Jan 14, 2019 6:14am Jan 14, 2019 6:14am
Quoting HamidM
Hi all eurjpy trand in H1 is down and M15 is too down trend. Is a correct signal? {image}
There was a good signal two bars back from your trade on 15min tf.
  • #14,358
  • Edited Jan 15, 2019 5:18am Jan 14, 2019 10:08am | Edited Jan 15, 2019 5:18am
Quoting HamidM
Hi all eurjpy trand in H1 is down and M15 is too down trend. Is a correct signal? {image}
Hi.
it s not a good entry for a couple of reasons.
lets start with the basics:

1.You added another MA and kept the 5 ema.
looks messy and just not clear. there was a wonderful entry around 2 1/2 hours before, the 50 bounce!
Make sure if you add MA s from higher timeframes you can read them before!!!!!
Like first touch appeared in a higher tf already.. steepness.. constraining...

2. You shorted at a low..(call it short into support or however yo name it)
.. better would be you get the price closely to a dancing MA in a retrace (that s the big trick in trading and makes this strategy perfect for these trades)

After reading the thread you ll be able to spot AAA setups.

Guido
Risiko birgt immer auch die Chance.
  • #14,359
  • Jan 15, 2019 3:39am Jan 15, 2019 3:39am
Morning guys,

EU/NZD M15 - took it as a constrainment (a little to late) but was still good for 20 pips. Exited when price moved back up.

Best,
J
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  • #14,360
  • Jan 15, 2019 10:05am Jan 15, 2019 10:05am
Daxe!!

I traded the new attack of the 10900 area.

Guido
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Risiko birgt immer auch die Chance.
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