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CHOROS System

Quoting holgi19
I took this trade today: ema10 first touch on m15 in confluence with DP, ema10 H4 touch....took 75% of position out at +10 Pips and left 25% in, set BE +1. {image}
Nice trading
Guido
Risiko birgt immer auch die Chance!!!
Quoting FxOlympian
please can i get some comments on trades i took today. My screenshots are not the best sorry {image} {image} {image}
please only post color-clean charts. your screenshots look like a jungle gaming platform. its very confusing to look at them. thx.
I know that you and I know nothing.
Possible Short: USDJPY H1 10EMA in confluence with M15 35/50.

Waiting for this M15 candle to close as a nice and clear Pin bar to decide if I will go Short.

EDIT: No Pin bar (At the touch of H1 10EMA) after that M15 bar closed, so no trade yet. Maybe a Pin bar forms after touching or getting really close to M15 35/50, We'll see.
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This is a H1 10EMA entry fine-tuned on the M5 Time frame. My entry was exactly after the close of the last M5 Pin bar that actually touched H1 10EMA.
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Quoting Haydel
This is a H1 10EMA entry fine-tuned on the M5 Time frame. My entry was exactly after the close of the last M5 Pin bar that actually touched H1 10EMA. {image}
Closed it manually at +20pips after that M5 Pin Bar at that Support Level.
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This could be turning into a Scoop-Up Setup. We'll see.
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All successful trades taken today on GBPJPY
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took this trade on touch of 35 SMA H1, additional confirmation was touch 10 Ema on h4.
Closed half at +50 and the rest is running.
EDIT: Rest of the position has stopped out at +30.
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Another trade of EURUSD, rejection from 35EMA on H! multiple times. Can anybody tell me if it was the right entry.
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Quoting haris1211
Another trade of EURUSD, rejection from 35EMA on H! multiple times. Can anybody tell me if it was the right entry. {image}
Hello Haris.

Looks like you do your first steps and that´s fine.

I would recomment to read the intire "dance thread" + Choros and the manual to get an eye for good and bad entries.

Your entry wasn t that good for a couple of reasons:

1.First touches are the most save touches.
2.-- upper wicks up top and bottom= porcupine donot trade it, the rules say;-)
3. higher timeframe confirmed? Nope!

all in all i can strongly recomment to be picky with good and valid AAA setups.

After reading this thread you´ll be able to spot AAA setups.
up to you if you want to be successful.

Hope that helped.

Guido
Risiko birgt immer auch die Chance!!!
[I would recomment to read the intire "dance thread" + Choros and the manual to get an eye for good and bad entries[/quote]
Thats what i've been doing from past few weeks and i think i'll have to give another GOOD read to the manual. It'll take me few more months on demo to get the feel of good AAA setups, i'll keep posting screenshots of my entries, please point out all the mistakes and help me learn it better. Thanks

[3. higher timeframe confirmed?[/quote]
Price Action on H4 is above moving averages, I shouldn't have taken short trade, is that what you are referring to.
Keep it simple.

I see no reason why someone shouldn t be profitable with it.

Stick to first touches 10 Ema, steep angle, higher timeframes confirmed-- to get a feeling how it works.

......and if there´s a valid confluence with other MA´s-- even better!

Take only clean and clear setups...


Not too greedy with pips.

The big trick is to sit patiently on the sideline and watch what happens.
Risiko birgt immer auch die Chance!!!
Quoting birdland
{quote} please only post color-clean charts. your screenshots look like a jungle gaming platform. its very confusing to look at them. thx.
Sorry about that will do.

I have a question... what do you guys think of trading the dance on the AUD/JPY during the Asian/Sydney crossover
Quoting FxOlympian
{quote} Sorry about that will do. I have a question... what do you guys think of trading the dance on the AUD/JPY during the Asian/Sydney crossover
Basicly you can trade any instrument, just make sure one market is open to have enough "power" to reach your targets.

AJ respects the lines wonderful and it´s not a bad pick.
Risiko birgt immer auch die Chance!!!
My trades today were on the usdcad pair:First trade i would describe as scoop up (please correct me if wrong!)-although i´m not sure about it because the break of the 35/50 were not so strong.
I entered as the pin bar had formed.Next i entered at the touch of ema10 in confluence with DP/H4-10.What gave me some more confidence that price will probably go up was the double bottom formed on H4 before.
Wish you all a good weekend!
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whatever happens next....
@Sesamstrasse
My entry on GBPUSD today, would you consider this a AAA trade. But earlier today I was stopped out of a trader, can you please clarify what would you have done if you were in same situation. i'm posting both the charts.
Thanks
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Quoting haris1211
@Sesamstrasse My entry on GBPUSD today, would you consider this a AAA trade. But earlier today I was stopped out of a trader, can you please clarify what would you have done if you were in same situation. i'm posting both the charts. Thanks {image} {image}
Okay..
Keep it simple:
If the conditions are not given-- don t trade!

I really wouldn t do such trades!

M15= no valid entry.. fare in the jungle..
H1= MA soup with 4th touch?
WHAT?
I like AAA setups , clean and clear steep angle, first touch, 35 and 50 ema tight together, timing is good=YES


PS: Take a look what "Holgi" showed 2 posts above.. the 10 Ema touch is well spotted.
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Risiko birgt immer auch die Chance!!!
Here are a couple of trades i took on the simulator. The yellow arrow show the trade and points in the direction the trade was taken. I also tried to mark the same place on the 5 min chart as well. Please do give me your opinions on the trades

By the way the black arrows show trades i thought about taking but did not take.
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Quoting FxOlympian
Here are a couple of trades i took on the simulator. The yellow arrow show the trade and points in the direction the trade was taken. I also tried to mark the same place on the 5 min chart as well. Please do give me your opinions on the trades By the way the black arrows show trades i thought about taking but did not take. {image} {image} {image} {image}
Hi.

take a look at your first 6 pics.

Market already opened and shows no clear trend.
MA´s are wide seperated and flat.

Start with m15 (or higher) until you get an eye for:
First touches , steep angle of the MA´s tight 35 and 50 ema.

Keep it simple and widen your screen, you´d be amazed how easy it can be.

Stay tuned
Guido
Risiko birgt immer auch die Chance!!!
...first trade since weeks..

25 mt4 pips--
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Risiko birgt immer auch die Chance!!!
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