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CHOROS System

  • #15,321
  • Apr 27, 2020 6:26pm Apr 27, 2020 6:26pm
[quote=iero4;12904433]
Quoting taksistalo
{quote} Thanks =) Really want to visit Greece, especially Athos I live very close And my Slovak wife is delegatka for Hydrotour so you can have full service
Nice, when time comes I will know who to contact!))))
  • #15,322
  • Apr 28, 2020 4:51am Apr 28, 2020 4:51am
Dear all,

Was reading the material extensively for last couple of days... appreciate the detailed journal over time (very inspiring).

Started yesterday with practicing and I made some mistakes in following the rules (made yesterday +2% nevertheless and called it a day after 4 trades on GPB/USD). Waited today patiently for the retrace to the first 10 EMA touch on the M15. Placed my SL below the round numbers (±6 pips).

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Worked out beautiful, took my 30 pips and called it a day (+3%). I am motivated to hit my daily target on my demo account!

Regards,
FlyingCat
  • #15,323
  • Apr 28, 2020 8:13am Apr 28, 2020 8:13am
Watching the Gbpusd to see what will happen if it touches 15 min 35/50, and 1 hour ma10.
  • #15,324
  • Apr 28, 2020 2:39pm Apr 28, 2020 2:39pm
Quoting Gragab
Watching the Gbpusd to see what will happen if it touches 15 min 35/50, and 1 hour ma10.
Besides that I reached my target for today, I stayed out of that move because high impact news was coming up and turned out that it was basically disrupting the price action to go upwards.

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  • #15,325
  • Apr 29, 2020 2:43am Apr 29, 2020 2:43am
Took the touch on MA35 (and MA10 on H1) for a buy. SL under the last RN (11 pips).

Price action didn't feel great on the M5, therefore grabbed +5 pips (0.5% gain). Anyone advice on whether this was a good entry? The 1h was making a big bearish candle the moment I entered the market.

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  • #15,326
  • Apr 29, 2020 6:56am Apr 29, 2020 6:56am
After that Daily Pin Bar yesterday at 50EMA, it's all selling today.
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  • #15,327
  • Apr 29, 2020 7:52am Apr 29, 2020 7:52am
some motivation for starters, a classic 35/50 touch trade FTSE100 index with nice rejection bar:
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trading is like dancing, don't think and just listen to the music!
  • #15,328
  • Apr 29, 2020 8:09am Apr 29, 2020 8:09am
Thats on hell of a pin bar !!

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  • #15,329
  • Apr 29, 2020 9:21am Apr 29, 2020 9:21am
fast +30 pips:
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trading is like dancing, don't think and just listen to the music!
  • #15,330
  • Apr 29, 2020 10:52am Apr 29, 2020 10:52am
Quoting birdland
fast +30 pips: {image}

Very nice trade and right on system. I don't watch the GCd very often. Just wondering if you keep a large number of pairs in reduced size on your screen and check movement that way?

Thanks, FS
  • #15,331
  • Apr 29, 2020 11:18am Apr 29, 2020 11:18am
Quoting Forest-Sea
{quote} Very nice trade and right on system. I don't watch the GCd very often. Just wondering if you keep a large number of pairs in reduced size on your screen and check movement that way? Thanks, FS
i take only the strong trendy ones on my screen. today was this GC, GA, EA, EJ, UJ and some stock indices.
maybe tomorrow are other pairs...
trading is like dancing, don't think and just listen to the music!
  • #15,332
  • Apr 29, 2020 11:45am Apr 29, 2020 11:45am
Hi everyone,

just wanted to say thanks again for all your support and answering questions. I had my sixth profitable live trading day in a row on monday with 10% profit and just 1% risk per trade for startes - and in a real boom and bust cycle blew almost all of the wins on tuesday. Mostly trading psychology mistakes, trading on tilt, some things I will work on. I just wanted to say that by asking questions and reading your answers, I understand the subtleties more and more and I have a feeling it somehow made "Click" with the dance.

Oh and maybe there's one questions I'm currently wrestling with: In the last few days, Price has been around major S&R areas in many currency pairs. I was wondering how you guys determine what is more important if such a S/R level is approached by a strong trend which would give Dance opportunities: Do you trade the trend and expect a break of S&R? Or do you wait for a rejection and countertrend or don't you trade near major S/R Levels at all? I didn't find a handle to navigate this market yet.

Cheers,
Methos
  • #15,333
  • Apr 29, 2020 1:10pm Apr 29, 2020 1:10pm
Here's an example of what I'm referring to. Although there was quit a good uptrend in the asia markets on April 27th, price stopped right at the 0,607 resistance. This would have been a good counter trend entry for a retest of H4 SMA35. Almost the same thing happened one day later again, marked with a 2 in the screenshot. However this time the market didn't respect the Resistance and blew through it. How do you guys distinguish these scenarios? Because if you look at them without knowledge after the fact, both times there are two strong trends into resistance and they look very similar at least to me. However One time the resistance won and price retraced (1) and the other time trend won and broke through (2).
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  • #15,334
  • Apr 30, 2020 12:22am Apr 30, 2020 12:22am
Quoting NameIsMethos
Here's an example of what I'm referring to. Although there was quit a good uptrend in the asia markets on April 27th, price stopped right at the 0,607 resistance. This would have been a good counter trend entry for a retest of H4 SMA35. Almost the same thing happened one day later again, marked with a 2 in the screenshot. However this time the market didn't respect the Resistance and blew through it. How do you guys distinguish these scenarios? Because if you look at them without knowledge after the fact, both times there are two strong trends into...
that is part of the game. you never know when the S&R will break.
afterwards you know it and that is a good, valid information.
trading is like dancing, don't think and just listen to the music!
  • #15,335
  • May 1, 2020 1:23am May 1, 2020 1:23am
There is an interesting scenario playing out on the Gbpusd 15 minute. Price is contained by ma 10, but look how steep the ma35 which is pointing in a downward direction.
  • #15,336
  • May 1, 2020 1:34am May 1, 2020 1:34am
Quoting Gragab
There is an interesting scenario playing out on the Gbpusd 15 minute. Price is contained by ma 10, but look how steep the ma35 which is pointing in a downward direction.
GU is stuck on the resistance so i dont look at it today.
trading is like dancing, don't think and just listen to the music!
  • #15,337
  • May 2, 2020 10:47am May 2, 2020 10:47am
Hi birdland, thanks for your answer! I am now beginning to distinguish between trades which went by the rules but were stopped out vs trades were I violated the rules and shoudn't have taken in the first place. On a cognitive level I understand, that losses are part of the game and can't be avoided in the long term - As and investor once said, the market can stay irrational longer than oneself can stay solvent. Still in the heat of the moment it's hard to accept, especially if it's a string of 2-3 loosers which were correct entrys.

Thanks to all of you guys for keeping this thread running and helping out struggling traders! I think it's just awesome. It's the closest thing to real mentorship I experienced since I started trading.
  • #15,338
  • May 3, 2020 12:00pm May 3, 2020 12:00pm
15 min chart.
Question: Would you take this as a touch trade at the yellow point?
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  • #15,339
  • May 4, 2020 1:24am May 4, 2020 1:24am
Quoting NameIsMethos
Hi birdland, thanks for your answer! I am now beginning to distinguish between trades which went by the rules but were stopped out vs trades were I violated the rules and shoudn't have taken in the first place. On a cognitive level I understand, that losses are part of the game and can't be avoided in the long term - As and investor once said, the market can stay irrational longer than oneself can stay solvent. Still in the heat of the moment it's hard to accept, especially if it's a string of 2-3 loosers which were correct entrys. Thanks to all...
believe me, i am also struggling in trading when i have a drawdown. thats psychologically alsways tough because i need to life from it.
trading is like dancing, don't think and just listen to the music!
  • #15,340
  • May 4, 2020 1:33am May 4, 2020 1:33am
Quoting mtruefx
15 min chart. Question: Would you take this as a touch trade at the yellow point? {image}
i personally would not take this trade

1) angle of ma is not steep enough
2) resistance below is to near
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trading is like dancing, don't think and just listen to the music!
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