Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

CHOROS Interactive 2600 replies

The System Behind the System, by Merlin Jeffries 16 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

Here is an interesting case to discuss:


Attached Image (click to enlarge)
Click to Enlarge Name: GU1.jpg Size: 81 KB


I took this short based on a classic confluence of M15 35/50 with H1 10 and RN (1.3550).
Instead of waiting to go down to 1.35 as one would expect for target, I exited manually as soon as price hesitated, still with a nice +23p.
The reason is that price could very well bounce upwards because it is at the H4 EMA10 bounce area and GU is in a strong bullish trend. Notice how it is trying to make a double bottom and in that case we will look for a "scoop-up" trade if it crosses up M15 35/50 and then retraces to M15 EMA 10.
Quoting kostas1
Here is an interesting case to discuss: {image} I took this short based on a classic confluence of M15 35/50 with H1 10 and RN (1.3550). Instead of waiting to go down to 1.35 as one would expect for target, I exited manually as soon as price hesitated, still with a nice +23p. The reason is that price could very well bounce upwards because it is at the H4 EMA10 bounce area and GU is in a strong bullish trend. Notice how it is trying to make a double bottom and in that case we will look for a "scoop-up" trade if it crosses up M15 35/50 and then retraces...
hah, i took the same trade for +11 pips;-) also i was alarmed by the bullish picture from H4 and daily.
I know that you and I know nothing.
Quoting birdland
{quote} hah, i took the same trade for +11 pips;-) also i was alarmed by the bullish picture from H4 and daily.
Didn't expect anything less from you...
Quoting kostas1
Here is an interesting case to discuss: {image} I took this short based on a classic confluence of M15 35/50 with H1 10 and RN (1.3550). Instead of waiting to go down to 1.35 as one would expect for target, I exited manually as soon as price hesitated, still with a nice +23p. The reason is that price could very well bounce upwards because it is at the H4 EMA10 bounce area and GU is in a strong bullish trend. Notice how it is trying to make a double bottom and in that case we will look for a "scoop-up" trade if it crosses up M15 35/50 and then retraces...
35/50 is reacting again plus H1 EMA10 and H4 EMA 10 holding the price down. H4 35/50 is also way down below which confluences with D1 EMA 10.
Daily support is also at 1.3438.
Let see how it goes
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Quoting ejiexe
{quote} 35/50 is reacting again plus H1 EMA10 and H4 EMA 10 holding the price down. H4 35/50 is also way down below which confluences with D1 EMA 10. Daily support is also at 1.3438. Let see how it goes
Will close half at RN and move to BE+1

Edit: 36 pips closed and move to BE+2
Attached Images (click to enlarge)
Click to Enlarge Name: 7daabbb6c0b1427f81c5469573f2a4ad.png Size: 41 KB Click to Enlarge Name: eec2c47b78829fa17fb99a14c65b0ca4.png Size: 35 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Quoting ejiexe
{quote} Will close half at RN and move to BE+1 Edit: 36 pips closed and move to BE+2 {image} {image}
You beat us all my friend, it seems it wants to check 1.35 as we would expect.
Nice trading!
I agree that the H4 35/50, Daily 10 looks tempting but first let's see if it tries to make a double bottom now.
Quoting kostas1
{quote} You beat us all my friend, it seems it wants to check 1.35 as we would expect. Nice trading! I agree that the H4 35/50, Daily 10 looks tempting but first let's see if it tries to make a double bottom now.
Can't beat you all my friend. I only follow your teaching.

I move sl to 1.3520 now. Still watching for the next action
Attached Image (click to enlarge)
Click to Enlarge Name: e2385af3ea96958b84c9d2c0942c9d45.png Size: 35 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
The second position was closed at 39 pips.

Meanwhile, I took 10ema trade with 2 bar rule with 15pips stop loss
Attached Image (click to enlarge)
Click to Enlarge Name: 344b9c53c873d56153db470e3ad772cf.png Size: 24 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Quoting kostas1
Notice how it is trying to make a double bottom and in that case we will look for a "scoop-up" trade if it crosses up M15 35/50 and then retraces to M15 EMA 10.
And the "scoop-up" for +20p....

Attached Image (click to enlarge)
Click to Enlarge Name: GU2.jpg Size: 80 KB
Quoting kostas1
{quote} And the "scoop-up" for +20p.... {image}
Hi kostas
I am very happy to see a scoop up chart
From the professional and inventor of that thread
But there is apoint that will be useful in
Scoop - up if it in 15 minutes you can take ten pips only after go to 5 minute chart
After the pin bar from come back from 50 moving and go to 10 in 15 minutes like in that case in the chart
But if you taken it after broken moving 50 in 15 minutes like the example you add it will hit stop because it didn't broken moving 10 in one hour or close above it
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 258 KB
The is was very strong scoop up in 15 minutes today after it broken moving 50 in 15 minute chart and moving average 10 in one hour chart if any one trade this will take + 20 pips easily with high win rate like this example happens today
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 304 KB

In the arrow point
And that chart explain the one hour chart in broken moving 10 and come back retest it
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 274 KB
And was in the same area base line of pivot and the line of the opening of the day i will not trade today but win i see it i taken it because it bring 20 pips easily
I am sorry for my english
I hope you understand what i mean
The example you mentioned my bro
In 15 minutes it will be very good if one hour candle broken above moving 10 and that doesn't happen and the trend with down
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 288 KB
If anyone taken that you will taken 10 pips
After that pin bar in 15 minute chart
It came back to retest moving 10 in 15 minute and cant broken it
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 235 KB
At that time go guickly to 5 minute chart you will found it broken moving 50 and come back to retest moving 10 take quickly 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: IMG__.jpg Size: 181 KB
Thank you for your detailed explanations Ali, very useful. On monday I will continue practicing setups in demo. Good weekend everyone
If it's important to you, you'll find a way. If not, you'll find an excuse
Today's trade

A bounced from Monthly pivot
Attached Images (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 196 KB Click to Enlarge Name: gu2.jpg Size: 195 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Quoting ejiexe
Today's trade A bounced from Monthly pivot {image} {image}
sorry but that trade has nothing to do with choros
I know that you and I know nothing.
1 trader viewing now