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CHOROS System

  • #15,361
  • May 13, 2020 8:25am May 13, 2020 8:25am
I had a losing day yesterday (2 losers in a row) I went back and looked at my trades and realised my entries were not good enough.
Now i'm done for the day with some good trades.

This one was a beauty! + 21 pips on the best spot.

- MA 35 + 50 + support + fib 61,8 + H1 MA 10 + pivot + round number + (fib 261,8 on the M1 chart)

Up 6,88% for the day!

Regards
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  • #15,362
  • May 15, 2020 12:36am May 15, 2020 12:36am
+6,88 % just from 21 pips profit. You are risking too much.
  • #15,363
  • May 15, 2020 1:06am May 15, 2020 1:06am
Quoting FrankBlack
+6,88 % just from 21 pips profit. You are risking too much.
I took 5 trades that day, I risk max 2% each trade or 4% daily.

Regards
  • #15,364
  • May 15, 2020 8:19am May 15, 2020 8:19am
Risk is a personal thing but if you are not experienced with this strategy you better not risk more than 3% daily.
You are allowed to fall but you are imposed to get up!
  • #15,365
  • May 15, 2020 10:25am May 15, 2020 10:25am
Quoting iero4
Risk is a personal thing but if you are not experienced with this strategy you better not risk more than 3% daily.
Thanks for the advice, but as you said it's a personal thing. To me the most important part is to accept your risk, I accept 4% daily at the moment and I won't accept more I have only deposited a small amount compared to my net worth so 4% is a relative number and doesn't mean anything by itself.

Regards
  • #15,366
  • May 16, 2020 10:28am May 16, 2020 10:28am
A journey of a thousand miles starts with a single step. Take one step at a time and eventually one can achieve great things, however a process needs to be followed. No great things happen overnight.
  • #15,367
  • May 17, 2020 4:24am May 17, 2020 4:24am
Do most of the veterans only trade off the 15 minute graph with all the mas on it, or on the 15 minute, the hour, 4 hour and daily?
  • #15,368
  • May 22, 2020 9:33am May 22, 2020 9:33am
Selling GPBUSD at H4 10 EMA in confluence with H1 35/50 and RN at 1.2200
We'll see.
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  • #15,369
  • May 22, 2020 10:05am May 22, 2020 10:05am
Quoting Haydel
Selling GPBUSD at H4 10 EMA in confluence with H1 35/50 and RN at 1.2200 We'll see. {image}
Looking good.
Moved to BE+1
Target set at 30 pips.
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  • #15,370
  • May 22, 2020 12:17pm May 22, 2020 12:17pm
Quoting Haydel
{quote} Looking good. Moved to BE+1 Target set at 30 pips. {image}
Target hit! +30 pips.
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  • #15,371
  • May 24, 2020 2:40am May 24, 2020 2:40am
Quoting Haydel
{quote} Target hit! +30 pips. {image}
Our master Haydel teaching how to plan, execute, and take profit of an AAA trade!
RESPECT!
  • #15,372
  • May 26, 2020 2:09am May 26, 2020 2:09am
Hi everyone, I'm currently waiting for two 10 Touch trades on NZDUSD and GBPUSD. Both higher MA are fairly steep and both in direction of the H1 Trend. I'll keep you updated and would be happy to hear your thoughts.
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  • #15,373
  • May 26, 2020 2:13am May 26, 2020 2:13am
Quoting NameIsMethos
Hi everyone, I'm currently waiting for two 10 Touch trades on NZDUSD and GBPUSD. Both higher MA are fairly steep and both in direction of the H1 Trend. I'll keep you updated and would be happy to hear your thoughts. {image} {image}
imo too late. when you look at NU it would be the third touch in this M15 trend. i personally only would take the first touch of a 10EMA trade.

but you can go for the first 35/50 touch trade. thats more safe.
trading is like dancing, don't think and just listen to the music!
  • #15,374
  • May 26, 2020 3:58am May 26, 2020 3:58am
Quoting NameIsMethos
Hi everyone, I'm currently waiting for two 10 Touch trades on NZDUSD and GBPUSD. Both higher MA are fairly steep and both in direction of the H1 Trend. I'll keep you updated and would be happy to hear your thoughts. {image} {image}
look at the chart example:
1) the cross of 35/50
2) the FIRST touch of the 10EMA
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trading is like dancing, don't think and just listen to the music!
  • #15,375
  • May 26, 2020 4:21am May 26, 2020 4:21am
My 2 trades today. One in EURUSD +19 and one in WTI +48
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You are allowed to fall but you are imposed to get up!
  • #15,376
  • May 26, 2020 4:38am May 26, 2020 4:38am
Quoting iero4
My 2 trades today. One in EURUSD +19 and one in WTI +48 {image} {image}
ah interesting, you just buy into a strong trend.
when it works why not;-)
trading is like dancing, don't think and just listen to the music!
  • #15,377
  • May 26, 2020 5:07am May 26, 2020 5:07am
Quoting birdland
{quote} ah interesting, you just buy into a strong trend. when it works why not;-)
I normally don't take 2nd or 3rd touches but since I missed the 1st ones I tried to take some pips as I saw that the trend was strong (especially after some good announcements about borders opening in Germany etc)
You are allowed to fall but you are imposed to get up!
  • #15,378
  • May 26, 2020 6:24am May 26, 2020 6:24am
because it worked so nice at that level i did it again for the first 35/50 touch:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #15,379
  • May 26, 2020 7:59am May 26, 2020 7:59am
Quoting kostas1
{quote} Our master Haydel teaching how to plan, execute, and take profit of an AAA trade! RESPECT!
Thank you Kostas. If I know something about Forex trading it's because I mainly learned from you and your thread.
  • #15,380
  • May 26, 2020 10:14am May 26, 2020 10:14am
Quoting birdland
{quote} look at the chart example: 1) the cross of 35/50 2) the FIRST touch of the 10EMA {image}
Hi Birdland, thanks for your examples. I followed it up and it still worked out today, because most forex pairs are trending pretty good. However I understand your point, more often than not entering late will result in a loosing trade because it's not a first or 2nd touch.

What I find hard is to differentiate when price is at the beginning of a move and I should take the EMA10 and when it's just a false breakout and will reverse. Is the Cross of the EMA10 and SMA35 / EMA50 a necessity for you before entering a EMA10 trade? I think I didn't hear this before. Just wondering, I'm always eager to learn more about tilting odds in my favor.
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