To make money trading one has to be a contrarian investor and this is why the dance works so well, because one is buying always When others are selling.
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CHOROS Interactive 2,625 replies
Money management for CHOROS and other strategies 2 replies
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Would you trade this system? New system #2. 10 replies
DislikedAfter seeing the last bounce at the RN on GBPUSD I was wondering when the RN counts again as a new touch. For MAs it's after a cross and close on the other side and then returning, isn't it? So what is it for the RN? Maybe after it has crossed the next RN above/below, too? Or after it moved X pips away from it and crossed back? Cheers PaxIgnored
Disliked{quote} A new touch will be the next time the price will touch the RN ...but you must not take a touch without confluence. If you see a pin bar forming after the touch and/or some kind of other S/R level then take the touch...otherwise wait for a better set up. Choros is not an automatic kind of system. It learns you to see the market's hand.Ignored
DislikedJust opened a new trade on GU with 35 and 50 on M15 being just one pip apart and having confluence with the 10 on H1 (well, at least where the 10 was before the price dropped so hard)... Went short and set TP for the RN at 1.32500. SL is moved to BE+2 now and I wait.... Edit: Came back up and closed for +2 pips {image}Ignored
Disliked{quote} Is that good or bad? I might have to just settle for +15 pips as TP, but I'll check my statistic in a week when I have more than just three trades in the spreadsheetIgnored
DislikedI just went short on the usual GBPUSD based on Touch of H1 10 in confluence with a morning star on M5 at the M5 50... Not sure if that's was a great entry as it's the 6th touch or so... But the PA on M5 convinced me to enter... {image}Ignored
Disliked{quote} Itīs a good one to collect experience with entries. Write down what was the difference to a AAA setup and try to get it done better, next time. Your first steps looking really good, keep that. GuidoIgnored
Dislikedmaybe i also add to suggestion from Sesamstrasse, that i would only start with one pair (the best is GU) and learn it in and out. it has a huge impact on your learning curve, disciplin and in the end your trading results.Ignored
DislikedA new day, a new trade.... M15 35 in confluence with RN, First touch after retrace down again... Right? {image}Ignored