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CHOROS System

  • #15,761
  • Sep 8, 2020 12:40am Sep 8, 2020 12:40am
Quoting Sesamstrasse
{quote} Moin. {image}
i tend to look at the H1 and H4 chart only for M15 signals and that had a short bias. but thats just me;-)
trading is like dancing, don't think and just listen to the music!
  • #15,762
  • Sep 8, 2020 12:57am Sep 8, 2020 12:57am
Well, it closed at BE+2... After my EA moved the SL there when it reached +15... Should've just set the TP to +15 instead of +50

Edit: Just checked... Pip-Potential of the trade was 21 pips...
It's never too late to make a bad trade!
  • #15,763
  • Sep 8, 2020 4:45am Sep 8, 2020 4:45am
Hi all,
Here is my trade on GU today!
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  • #15,764
  • Sep 8, 2020 9:11am Sep 8, 2020 9:11am
Hey Guys, would you consider this trade AAA?

Entry long due to H1 Higher MA tilting upwards, Steep M15 EMA50 & SMA35. Broke recent resistance on M15 with retest around the EMA10. Entry at Touch of EMA10 with just 1 strong candle (EMA10 tilted downwards after entry which is why entry isn't exactly on EMA10). I probably could have waited a little longer for the Entry and enter on M5 SMA35 Touch in Confluence with a round number due to the momentum of the current candle. But what I'm more interested is, if this is a trade you guys would consider AAA?

Cheers,
Methos
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  • #15,765
  • Sep 8, 2020 9:43am Sep 8, 2020 9:43am
Quoting NameIsMethos
Hey Guys, would you consider this trade AAA? Entry long due to H1 Higher MA tilting upwards, Steep M15 EMA50 & SMA35. Broke recent resistance on M15 with retest around the EMA10. Entry at Touch of EMA10 with just 1 strong candle (EMA10 tilted downwards after entry which is why entry isn't exactly on EMA10). I probably could have waited a little longer for the Entry and enter on M5 SMA35 Touch in Confluence with a round number due to the momentum of the current candle. But what I'm more interested is, if this is a trade you guys would consider AAA?...
Not for me,

My view is limited to the range, the former highs would be my target.
Price tends to retest former highs and lows.

If price reached nearly the former high, I´d kick most of my portion out.

First touches were the essence of my trading with Choros--
My 2 cents
Trade well
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Risiko birgt immer auch die Chance.
  • #15,766
  • Sep 8, 2020 9:56am Sep 8, 2020 9:56am
Hi Sesamstrasse,

thanks a lot for your assessement! I indeed didn't count your green arrow a first Touch because for me it didn't seem to get close enough. This is a simulator and in Real Life I would have waited for an entry closer to EMA10 and woudn't have been filled. Is there a specific reason why you count this candle as first touch and not for example the red candle 5 bars earlier? I guess the higher MA's woudn't have been steep enough that time, whereas with your entry they are already quit bullish... Still it would be interesting to know why you would have entered. It's definitely an interesting take which I would not have considered until now.

Here is another one where I would be interested in the opinion of you guys (AAA yes or no). I didn't consider them as AAA mainly because the Higher MA on M15 are 5 pips apart which looked a bit much for me. The first touch may have been viable due to being the first touch (or at least close) of EMA10. However there wasn't real confluence with pretty much anything and it took 3 candles after the high to reach the first EMA10 hit. I'm interested if I'm missing anything or if this trade just played out well despite not being AAA.
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  • #15,767
  • Sep 9, 2020 2:43am Sep 9, 2020 2:43am
Here is my trade on GC today.
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  • #15,768
  • Sep 9, 2020 11:21pm Sep 9, 2020 11:21pm
I think it is not a setup following this strategy. 35 & 50 are flat
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  • #15,769
  • Sep 10, 2020 12:18am Sep 10, 2020 12:18am
Quoting nts0904
I think it is not a setup following this strategy. 35 & 50 are flat {image}
.. and there´s no clear seperation between 10 Ema and the both others.

Well spotttted
Best 35/50 bounces are when they are close together without a spread, steep..., first,... not too greedy with targets.
Like usual--
Risiko birgt immer auch die Chance.
  • #15,770
  • Sep 10, 2020 12:31am Sep 10, 2020 12:31am
Hi all,
Is this scoop up?
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  • #15,771
  • Sep 10, 2020 12:34am Sep 10, 2020 12:34am
Quoting Sesamstrasse
{quote} .. and there´s no clear seperation between 10 Ema and the both others. Well spotttted Best 35/50 bounces are when they are close together without a spread, steep..., first,... not too greedy with targets. Like usual--
Thank you!
YES! NOT GREEDY!

I am trading with micro Lot. Have members of this thread traded with 1 Lot yet?
  • #15,772
  • Sep 10, 2020 12:39am Sep 10, 2020 12:39am
M15 flat 50/35 and RN.... Was good for a quick 15 pips...

Not a great entry as it's a third candle touch
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It's never too late to make a bad trade!
  • #15,773
  • Sep 10, 2020 1:49pm Sep 10, 2020 1:49pm
Did someone take the short from M15 50 in confluence with H1 10 at 12:45 UTC? I saw it this morning and kind of regret that I slept
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It's never too late to make a bad trade!
  • #15,774
  • Sep 13, 2020 7:19am Sep 13, 2020 7:19am
Hey guys, quick question: in the manual Clay said that quote: ‚you must have both P/A in the right direction of the trend and a bounce or constrainment for a valid trade‘

-> I don’t see how this applies to touch trades, it specifiaöly relies on good timing and an almost immediate return into the direction of trend. Does this rule only apply to constrainment trades?
  • #15,775
  • Edited Sep 15, 2020 5:45am Sep 14, 2020 7:06am | Edited Sep 15, 2020 5:45am
Quoting NameIsMethos
Hey guys, quick question: in the manual Clay said that quote: ‚you must have both P/A in the right direction of the trend and a bounce or constrainment for a valid trade‘ -> I don’t see how this applies to touch trades, it specifiaöly relies on good timing and an almost immediate return into the direction of trend. Does this rule only apply to constrainment trades?
Moin.
Good question:
We have also the opportunity to trade counters-- in case of a scoop up/down.

Basicly the scoop, what is an advanced technique, is a constrainment on 10 ema against 35/50, as long as you trade it as a early scoop.

My experience during thwe past 7 years with dancing is still-
Follow the trend, look for retraces (touch trades(Close to the MA) are the things to look for) and ride them.

Constrainments can be really harsh and you really want to be on the right side.
Risiko birgt immer auch die Chance.
  • #15,776
  • Sep 14, 2020 5:59pm Sep 14, 2020 5:59pm
Quoting Sesamstrasse
{quote}
Moin.
Good question:
We have also the opportunity to trade counters-- im case of a scoop up/down.
Basicly the scoop, what is an advanced technique, is a constrainment on 10 ema against 35/50, as long as you trade it as a early scoop.
My experience during thwe past 7 years with dancing is still-
Follow the trend, look for retraces (touch trades are the things to look for) and ride them.
Constrainments can be really harsh and you really want to be on the right side.
That's what I'm trying... Touch trades...

But still not used to trying to catch the falling knife

Saw a trade yesterday, a first touch of 35/50 while they are on top of each other just after European Open... No idea why I hesitated there... Pip-Potential was 40 pips or so... Will keep watching the charts and see
It's never too late to make a bad trade!
  • #15,777
  • Sep 14, 2020 11:44pm Sep 14, 2020 11:44pm
Looking to buy back the Eurusd on touch of 15 minute 35/50 and H1 10.
  • #15,778
  • Sep 15, 2020 12:27am Sep 15, 2020 12:27am
I just made quick 15 pips on GBPUSD from a touch with correlation between M15 50, H1 50+10 (and M5 50)?
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It's never too late to make a bad trade!
  • #15,779
  • Sep 16, 2020 4:56am Sep 16, 2020 4:56am
Ready to SELL GBPUSD at what looks like a Daily Scoop-Down. We'll see.
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  • #15,780
  • Sep 16, 2020 5:39am Sep 16, 2020 5:39am
Quoting Haydel
Ready to SELL GBPUSD at what looks like a Daily Scoop-Down. We'll see. {image}
It should at least check the 1.3000 (maybe 10-20 pips higher at 1.3020 to take stops) and then start correction downwards....
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