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CHOROS System

  • #16,041
  • Dec 15, 2020 5:59am Dec 15, 2020 5:59am
Look too the first chart i add morning
I dont know what happens look after price go to this lines it touch pivot base line at1.3357 i took ten pips very easy then it came back touch green line with moving 10 but i dont take it i was made 19 pips today
Never trade again

Attachment g
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,042
  • Dec 15, 2020 6:00am Dec 15, 2020 6:00am
today the sma20 has been very similar to the daily pivot line:
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i will check it the next days.
trading is like dancing, don't think and just listen to the music!
  • #16,043
  • Dec 15, 2020 6:00am Dec 15, 2020 6:00am
Attached Image (click to enlarge)
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This chart i put in morning before price go to it
The chart in back posts
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,044
  • Dec 15, 2020 6:19am Dec 15, 2020 6:19am
Quoting birdland
today the sma20 has been very similar to the daily pivot line:{image}i will check it the next days.
I think Alihelmy is using is only when he is using his phone to trade as he seems to be using phone based on screenshots.
  • #16,045
  • Dec 15, 2020 6:21am Dec 15, 2020 6:21am
Quoting Alihelmy123
My English in development
No worries, you are doing great
  • #16,046
  • Dec 15, 2020 6:30am Dec 15, 2020 6:30am
Quoting Alihelmy123
Sell from 1.33100
Did you take this because price crossed below 50 on 5 min and then pulled back to it?
  • #16,047
  • Dec 15, 2020 7:10am Dec 15, 2020 7:10am
its nothing new alihelmy posted, its just the first ema10 touch trade we use here since years.

the only new to me was the use of the sma20 as a pivot, thats unconventionel.
trading is like dancing, don't think and just listen to the music!
  • #16,048
  • Dec 15, 2020 7:12am Dec 15, 2020 7:12am
Quoting tonny47
{quote} Did you take this because price crossed below 50 on 5 min and then pulled back to it?
The candle closed under moving 10
And was pin bar in 15 minute chart
I loss in it the spread when it give 7 pips i put st on the opening i return and hit it
Attached Image (click to enlarge)
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,049
  • Dec 15, 2020 7:25am Dec 15, 2020 7:25am
Quoting Alihelmy123
{quote} The candle closed under moving 10 And was pin bar in 15 minute chart I loss in it the spread when it give 7 pips i put st on the opening i return and hit it {image}
Thanks!
  • #16,050
  • Dec 15, 2020 7:28am Dec 15, 2020 7:28am
Quoting tonny47
{quote} I think Alihelmy is using is only when he is using his phone to trade as he seems to be using phone based on screenshots.
Yes
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,051
  • Dec 15, 2020 7:30am Dec 15, 2020 7:30am
Quoting birdland
its nothing new alihelmy posted, its just the first ema10 touch trade we use here since years. the only new to me was the use of the sma20 as a pivot, thats unconventionel.
I agree but still very interested in Alihelmy's thought process and learn from him/her.

Quite embarrassed to say that despite me reading, rereading the thread and a ton of backtesting and forward testing in the past using this method, I would just around break even using this system. There were some better weeks but I failed to use it in such a way that would deliver consistent results even when sticking to basic setups.
  • #16,052
  • Dec 15, 2020 7:33am Dec 15, 2020 7:33am
Quoting tonny47
{quote} I agree but still very interested in Alihelmy's thought process and learn from him/her. Quite embarrassed to say that despite me reading, rereading the thread and a ton of backtesting and forward testing in the past using this method, I would just around break even using this system. There were some better weeks but I failed to use it in such a way that would deliver consistent results even when sticking to basic setups.
dont worry you are not alone,technicals also doesnt work because the market is run by MM,so the best thing is to basket trade instead of sl.
  • #16,053
  • Dec 15, 2020 7:36am Dec 15, 2020 7:36am
Quoting MidnightRun
{quote} My understanding is this: Draw a horizontal line exactly at 5 p.m. Eastern (daily open my time) to the right from the point in the chart where the 20SMA is at that moment (5 p.m.). Alihelmy - Is this right or wrong? Thanks.
I am sorry i don't know according to your time but you can add sma 20 in your computer and pivot point lines the hour that sma 20 meet every day this is the base line of pivot and its very important
You can take trades around it
If price move quickly high pips and dont make retracement when it touch it take from 5 to 10 pips
If price broken it and come back to retest it and found moving 12 or 10
Take it with the touch if you don't catch dont go with it after it bring 2 or 3 pips
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,054
  • Dec 15, 2020 7:40am Dec 15, 2020 7:40am
Quoting T4Trade
{quote} dont worry you are not alone,technicals also doesnt work because the market is run by MM,so the best thing is to basket trade instead of sl.

Bullshit
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Risiko birgt immer auch die Chance.
  • #16,055
  • Dec 15, 2020 7:59am Dec 15, 2020 7:59am
Quoting T4Trade
{quote} dont worry you are not alone,technicals also doesnt work because the market is run by MM,so the best thing is to basket trade instead of sl.
And that's how swing trading was invented. Haha
  • #16,056
  • Dec 15, 2020 8:03am Dec 15, 2020 8:03am
dont judge about t4, its kinda religion if you trade with SL, without or basket...or scalping or trend following.

in the end the personality has to go with it. THAT is important.
trading is like dancing, don't think and just listen to the music!
  • #16,057
  • Dec 15, 2020 8:13am Dec 15, 2020 8:13am
[quote=tonny47;13313686]{quote} I agree but still very interested in Alihelmy's thought process and learn from him/her.
Him my name ali
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,058
  • Dec 15, 2020 9:32am Dec 15, 2020 9:32am
Quoting Alihelmy123
After 6 or 7 pips st to the opening
Hi Ali,
For live trading and followups like your posts, please use the CHOROS Interactive thread
https://www.forexfactory.com/thread/...os-interactive

  • #16,059
  • Dec 15, 2020 11:24am Dec 15, 2020 11:24am
Quoting kostas1
{quote} Hi Ali, For live trading and followups like your posts, please use the CHOROS Interactive thread https://www.forexfactory.com/thread/...os-interactive
Ok
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,060
  • Dec 17, 2020 4:22pm Dec 17, 2020 4:22pm
-12% not by the rules
I've just worked on my fine tuning.
Let's see how tomorrow goes
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