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CHOROS System

  • #15,001
  • Feb 18, 2020 10:44am Feb 18, 2020 10:44am
Higginside and elbada as long as you don't lose anything it's still a winning trade to me.Gaining experience with time you will learn better when to entry and when to exit a trade.The key is patience.
  • #15,002
  • Feb 18, 2020 1:19pm Feb 18, 2020 1:19pm
What made take this one was h4 and h1 Ma´s looking down, now the second reason i am not certain, i saw a small constraiment and a scooped down?

Could have taken the trade earlyer

At certain point i closed half and started trailing "By the rules".


Also i have to figure out trading times
Attached Images
MTN
  • #15,003
  • Feb 19, 2020 12:58am Feb 19, 2020 12:58am
Quoting Marcelomtn
What made take this one was h4 and h1 Ma´s looking down, now the second reason i am not certain, i saw a small constraiment and a scooped down? Could have taken the trade earlyer At certain point i closed half and started trailing "By the rules". Also i have to figure out trading times {image} {image} {image} {image}
It was constrainment in H1...Revise what scoop up/down is
You are allowed to fall but you are imposed to get up!
  • #15,004
  • Feb 19, 2020 3:07am Feb 19, 2020 3:07am
Quoting Marcelomtn
What made take this one was h4 and h1 Ma´s looking down, now the second reason i am not certain, i saw a small constraiment and a scooped down? Could have taken the trade earlyer At certain point i closed half and started trailing "By the rules". Also i have to figure out trading times {image} {image} {image} {image}

Your first steps looking pretty good.

Keep that way

about 22 green in EJ

Classical Dead End on 50
.. only 1/3 position, needed my margin for M1 scalping..
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - EURJPYcM15 2020-02-19 10.58.17.png Size: 39 KB
Risiko birgt immer auch die Chance.
  • #15,005
  • Edited 4:32am Feb 19, 2020 4:18am | Edited 4:32am
Operation countertrend that I will close at the slightest doubt. I would like to try to work even a little, also when the days are not very clear.

This trade has:

1.- RN support
2.- m15: support ma 35 and 50
3.- h1: support ma 10
4.- m5 PA

I don't know if it will be enough to get a little tp. I will be quick to close at the slightest indication that it turns down.

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-19 eususd entrada.jpg Size: 468 KB


UPDATE: Exit with small loss, 1pip.
  • #15,006
  • Edited 5:05am Feb 19, 2020 4:55am | Edited 5:05am
Quoting elbada
Operation countertrend that I will close at the slightest doubt. I would like to try to work even a little, also when the days are not very clear. This trade has: 1.- RN support 2.- m15: support ma 35 and 50 3.- h1: support ma 10 4.- m5 PA I don't know if it will be enough to get a little tp. I will be quick to close at the slightest indication that it turns down. {image}

Hello elbada.
SRY, but in this case it s only a 50/50 trade.

Explanation in chart.


Good luck with this trade

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: CHOROS System Forex Factory - Mozilla Firefox 2020-02-19 11.31.42.png Size: 647 KB
Risiko birgt immer auch die Chance.
  • #15,007
  • Feb 19, 2020 5:09am Feb 19, 2020 5:09am
Quoting Sesamstrasse
{quote} Your first steps looking pretty good. Keep that way about 22 green in EJ Classical Dead End on 50 .. only 1/3 position, needed my margin for M1 scalping.. {image}
Wouldn't the perfect entry be one bar before? Where it close's 'dead end' or do you wait until it moves away from the MA?
  • #15,008
  • Feb 19, 2020 5:17am Feb 19, 2020 5:17am
Quoting mtruefx
{quote} Wouldn't the perfect entry be one bar before? Where it close's 'dead end' or do you wait until it moves away from the MA?
Yes.. Perfect would it be exactly on the 50 bounce first touch.
But I watched different Instruments that time.
.. I got it right..
Risiko birgt immer auch die Chance.
  • #15,009
  • Edited 6:44am Feb 19, 2020 6:12am | Edited 6:44am
Quoting Sesamstrasse
{quote} Your first steps looking pretty good. Keep that way about 22 green in EJ Classical Dead End on 50 .. only 1/3 position, needed my margin for M1 scalping.. {image}
Sesam...your MAs look a littlebit different than mine

Is there something I miss???

Have you changed anything in MA's settings?

EDIT: You are actually using smoothed 35 SMA Have you found that price respects it better that the simple one?
You are allowed to fall but you are imposed to get up!
  • #15,010
  • Feb 19, 2020 7:30am Feb 19, 2020 7:30am
Quoting iero4
{quote} Sesam...your MAs look a littlebit different than mine Is there something I miss??? Have you changed anything in MA's settings? EDIT: You are actually using smoothed 35 SMA Have you found that price respects it better that the simple one?
Hello Iero.
I use one template for all.. and in m1 charts it looks much smoother.
That is really all..
More importance on a trade is location, bahaviour and timing.
If i can spot under these conditions included steep angles and tight MA s a good trade ,it s a bread and butter trade.

Stay tuned.
Guido
Risiko birgt immer auch die Chance.
  • #15,011
  • Feb 19, 2020 7:42am Feb 19, 2020 7:42am
Quoting Sesamstrasse
{quote} Hello Iero. I use one template for all.. and in m1 charts it looks much smoother. That is really all.. More importance on a trade is location, bahaviour and timing. If i can spot under these conditions included steep angles and tight MA s a good trade ,it s a bread and butter trade. Stay tuned. Guido
Thanx Guido,

Have a nice day
You are allowed to fall but you are imposed to get up!
  • #15,012
  • Edited 2:30pm Feb 19, 2020 2:01pm | Edited 2:30pm
I shorted EURUSD and exited half at RN, got my BE hit

Next i tryed going long, was stoped out, got back in in better price, tried to trail by the rules, got stoped out with plus 50, with the loss i am at break even today

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By the way, the market decided to teach me a lesson, there is aways another oportunity.
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MTN
  • #15,013
  • Feb 20, 2020 1:00am Feb 20, 2020 1:00am
Quoting Marcelomtn
I shorted EURUSD and exited half at RN, got my BE hit Next i tryed going long, was stoped out, got back in in better price, tried to trail by the rules, got stoped out with plus 50, with the loss i am at break even today. By the way, the market decided to teach me a lesson, there is aways another oportunity.
So you took a nice trade at the beginning and then you decided to destroy everything by taking a countertrade

The next time you will not be so lucky and will end up in loss. Remember me...and also remember to FOLLOW THE TREND
You are allowed to fall but you are imposed to get up!
  • #15,014
  • Feb 20, 2020 3:30am Feb 20, 2020 3:30am
Quoting iero4
{quote} So you took a nice trade at the beginning and then you decided to destroy everything by taking a countertrade The next time you will not be so lucky and will end up in loss. Remember me...and also remember to FOLLOW THE TREND


Thank you !
MTN
  • #15,015
  • Feb 20, 2020 3:37am Feb 20, 2020 3:37am
Quoting Marcelomtn
{quote} Thank you !
You are allowed to fall but you are imposed to get up!
  • #15,016
  • Feb 20, 2020 8:31am Feb 20, 2020 8:31am
EURCHF - 15 min chart, touch trade of 35/50, looked like a nice trade to me; 35/50 right on top of each other, but stopped out at 6 pips (pip count is very 'low' on this pair)
Attached Image (click to enlarge)
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  • #15,017
  • Feb 20, 2020 9:59am Feb 20, 2020 9:59am
A pretty day so far in the morning.

And finally 2 Trades fitting to dancing rules.

Cable m1

4,5 and 5,5 pips.



Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-LIVE -GBPUSDcM1 2020-02-20 16.56.13.png Size: 65 KB
Risiko birgt immer auch die Chance.
  • #15,018
  • Feb 20, 2020 10:35am Feb 20, 2020 10:35am
GBPUSD exited at RN

EURUSD stop loss hit then a win.


Now what i am in doubt is: Should i wait for the trend of the moment of h4 h1 and m15 to be aligned? So far i had more wins when h4 and h1 were in agreement and m15 not so mutch
Attached Image (click to enlarge)
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Attached Image
MTN
  • #15,019
  • Feb 20, 2020 10:45am Feb 20, 2020 10:45am
Quoting Marcelomtn
GBPUSD exited at RN EURUSD stop loss hit then a win. Now what i am in doubt is: Should i wait for the trend of the moment of h4 h1 and m15 to be aligned? So far i had more wins when h4 and h1 were in agreement and m15 not so mutch {image} {image}

EU chart = flat MA s , what do we do then?
GU = 2nd touch 50 Ema.. careful trading

After reading this thread you ll be able to spot better trades.

All your questions are answered over and over.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDcM15 2020-02-20 17.42.01.png Size: 71 KB
Click to Enlarge Name: GBPUSDcM15 2020-02-20 17.44.01.png Size: 21 KB
Risiko birgt immer auch die Chance.
  • #15,020
  • Feb 20, 2020 4:00pm Feb 20, 2020 4:00pm
Quoting mtruefx
EURCHF - 15 min chart, touch trade of 35/50, looked like a nice trade to me; 35/50 right on top of each other, but stopped out at 6 pips (pip count is very 'low' on this pair) {image}
looks like 4th touch of ema 35/50 to me
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