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CHOROS System

  • #14,381
  • Jan 22, 2019 2:20am Jan 22, 2019 2:20am
Hi all
GBPUSD +15 I earlyer close it .
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  • #14,382
  • Jan 23, 2019 1:52am Jan 23, 2019 1:52am
GU RN + pivot +6,1 pips
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  • #14,383
  • Jan 24, 2019 3:49am Jan 24, 2019 3:49am
Hi all
the signal is in Previous candle but I wait for breack pivot. the ennry is risky .

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  • #14,384
  • Jan 24, 2019 5:31am Jan 24, 2019 5:31am
Quoting HamidM
Hi all the signal is in Previous candle but I wait for breack pivot. the ennry is risky . {image}
close at break even . and then get long on signal H1 EMA 50
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  • #14,385
  • Jan 24, 2019 9:01am Jan 24, 2019 9:01am
Quoting HamidM
{quote} close at break even . and then get long on signal H1 EMA 50 {image}
I m currrently in holidays and enjoy a nice summerbreeze.

I can really recomment to be picky with your entries.

...the last couple of days this is the first good entry posted in this thread.
stay green
Guido
Risiko birgt immer auch die Chance.
  • #14,386
  • Jan 28, 2019 1:43am Jan 28, 2019 1:43am
good morning
GBPUSD I entry late
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  • #14,387
  • Jan 28, 2019 2:26am Jan 28, 2019 2:26am
Quoting HamidM
good morning GBPUSD I entry late {image}
far too late. would wait for better chance
trading is like dancing, don't think and just listen to the music!
  • #14,388
  • Jan 28, 2019 3:48am Jan 28, 2019 3:48am
Quoting HamidM
good morning GBPUSD I entry late {image}
I waited for the 35/50 bounce.
It may give more pips but I exited quickly since we are running into DP, RN, H4 10.

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  • #14,389
  • Jan 28, 2019 3:57am Jan 28, 2019 3:57am
Quoting kostas1
{quote} I waited for the 35/50 bounce. It may give more pips but I exited quickly since we are running into DP, RN, H4 10. {image}
Hi kostas,

could you clarify why you took that trade, please. We are in an overall uptrend with GU (HTF) and it took way more than 2 bars to get to the 35/50.
I would really appreciate an explanation for better understanding.

Thank you and best,
J
  • #14,390
  • Jan 28, 2019 4:17am Jan 28, 2019 4:17am
Quoting jan4ik05
{quote} Hi kostas, could you clarify why you took that trade, please. We are in an overall uptrend with GU (HTF) and it took way more than 2 bars to get to the 35/50. I would really appreciate an explanation for better understanding. Thank you and best, J
Reasons to enter:
New trend in M15 going down.
Convincing bounce from 35/50.

Reasons to NOT enter:
Strong HTF uptrend as you indicated
35/50 lines are not very steep and parallel.

The 2bar rule I use only for EMA10 trades, not the 35/50 trades.
Overall, this is NOT the best trade for beginners but I thought that GU needed to test the H4 EMA 10 first, so I took the short and got out as soon as the price hesitated...
  • #14,391
  • Jan 28, 2019 5:03am Jan 28, 2019 5:03am
Quoting kostas1
{quote} Reasons to enter: New trend in M15 going down. Convincing bounce from 35/50. Reasons to NOT enter: Strong HTF uptrend as you indicated 35/50 lines are not very steep and parallel. The 2bar rule I use only for EMA10 trades, not the 35/50 trades. Overall, this is NOT the best trade for beginners but I thought that GU needed to test the H4 EMA 10 first, so I took the short and got out as soon as the price hesitated...
Very well, thank you kostas!
  • #14,392
  • Jan 28, 2019 6:02am Jan 28, 2019 6:02am
Quoting birdland
{quote} far too late. would wait for better chance
I take Second signal. take +29.9 profit
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  • #14,393
  • Jan 30, 2019 11:28pm Jan 30, 2019 11:28pm
Hey,
i took this one on the H1 GU.
For me it was a pullback to the MAs and the Daily Pivot.
At first the price stopped, but broke trough afterwards.
Was this a valid short entry?
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  • #14,394
  • Jan 30, 2019 11:44pm Jan 30, 2019 11:44pm
Good morning

One trade before London open RN + daily R1 bounce back countertrend +10,1
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  • #14,395
  • Jan 31, 2019 1:03am Jan 31, 2019 1:03am
Quoting SlapShot
Hey, i took this one on the H1 GU. For me it was a pullback to the MAs and the Daily Pivot. At first the price stopped, but broke trough afterwards. Was this a valid short entry? {image}
Morning slapshot,

from an MA point of view your entry was a valid one (in my opinion). The only thing that would have bothered me was the very strong retrace candle to the MAs. Its just one momentum candle, which most of the time is a signal for a reverse in trend, or at least that the 10EMA wont be able to stop it. Next time wait until that candle closes and then decide if you still want to enter that trade (just my little advice).

Have a great day,
J
  • #14,396
  • Jan 31, 2019 12:41pm Jan 31, 2019 12:41pm
Quoting SlapShot
Hey, i took this one on the H1 GU. For me it was a pullback to the MAs and the Daily Pivot. At first the price stopped, but broke trough afterwards. Was this a valid short entry? {image}
That one hour bar triggered by news:
2:00pmUSD FOMC Statement (High impact), news can break any level depending on the strength of news.

News normally starts a new trend, I would rather wait the spike retrace and trade the direction of news.
  • #14,397
  • Jan 31, 2019 12:44pm Jan 31, 2019 12:44pm
Trade for today: 15 minute 10EMA touch (actual touch).
Stop at 10 pips
TakeProfit at 30 pips
Thanks
  • #14,398
  • Jan 31, 2019 2:17pm Jan 31, 2019 2:17pm
Quoting tidal
Trade for today: 15 minute 10EMA touch (actual touch). Stop at 10 pips TakeProfit at 30 pips Thanks
I think you forgot upload your picture.
  • #14,399
  • Feb 4, 2019 4:57am Feb 4, 2019 4:57am
Hi guys,

GU/CAD M15 35/50 bounce and H1 10 bounce. -11 pips
GJ M15 10EMA bounce. -11

Any comments?

Thanks,
J
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  • #14,400
  • Feb 4, 2019 8:07am Feb 4, 2019 8:07am
Quoting jan4ik05
Hi guys, GU/CAD M15 35/50 bounce and H1 10 bounce. -11 pips GJ M15 10EMA bounce. -11 Any comments? Thanks, J {image} {image}
Yes, looks like you tend to ride dead horses.

The 35/50 bounce was just a bit late and too flat IMO.
If you try to get the trade as close as possible to the line, you can tighten your SL and this leads to a couple BE trades instead of losing pips.

-- over and over written..

And the next sentence is:

First touches are the safest touches.

IŽm not sure if I had taken this trade in any case.. (I skip these trades)

With GCAd and GJ you picked the most volatile pairs in the box..
It needs a lot of experience to trade them well.
No doubt, Kostas is a genious.
- But ask yourself if these highly volatile pairs work with you.

Read the thread and after it youŽll be able to spot AAA entries.





Good luck
Guido
Attached Image
Risiko birgt immer auch die Chance.
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