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CHOROS System

An interesting trade for you guys:
I got it as a scoop-down from M15 35/50 for 20pips.
Another interesting entry would have been 4-5 bars earlier, at the rejection from confluence of H4 10, DP, RN.

Attached Image (click to enlarge)
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Here is an M15 EMA 10 bounce short trade. It took 3 bars to retrace but still good enough.

Edit: double bottom indicates possible scoop-up but today is news day... I have the impression that it will need to touch MP and 1.3500 before going-up. It should create an interesting situation in a couple of hours.

Attached Image (click to enlarge)
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Quoting kostas1
Here is an M15 EMA 10 bounce short trade. It took 3 bars to retrace but still good enough. Edit: double bottom indicates possible scoop-up but today is news day... I have the impression that it will need to touch MP and 1.3500 before going-up. It should create an interesting situation in a couple of hours. {image}
Hi Kostas, I see you use extra 2 EMA on M15 chart i.e. 40EMA (equivalent of H1 10EMA) & 160EMA (equivalent of H4 10EMA).

Please guide do you use these EMA's on M5 or other timeframe? If yes please guide do you further adjust these EMA's or not?
Quoting atif58
{quote} Hi Kostas, I see you use extra 2 EMA on M15 chart i.e. 40EMA (equivalent of H1 10EMA) & 160EMA (equivalent of H4 10EMA). Please guide do you use these EMA's on M5 or other timeframe? If yes please guide do you further adjust these EMA's or not?
I usually trade on M15 so I want to know where H1 10 and H4 10 are since they are important reaction points.
Yes, I also have the corresponding ones in M5 (EMA 120 and EMA 480), although lately I don't trade M5 too often.
Also, I noticed that the last year I almost completely trade GU, a few times EU and that's it.
Atif58 called this scoop-down 3 hrs ago in the Interactive thread
https://www.forexfactory.com/thread/...8#post13356898

Attached Image (click to enlarge)
Click to Enlarge Name: Double top_M15_scoopdown_GU4.jpg Size: 81 KB


EDIT: Almost Deja-vu from January 4th....
https://www.forexfactory.com/thread/...9#post13341249
Quoting kostas1
Atif58 called this scoop-down 3 hrs ago in the Interactive thread https://www.forexfactory.com/thread/...8#post13356898 {image} EDIT: Almost Deja-vu from January 4th.... https://www.forexfactory.com/thread/...9#post13341249
Still in position
Quoting atif58
{quote} Still in position
Good, consider H4 10 (H1 35/50) at 1.3630 as an exit. My concern is that it has not cleared stops at 1.3700 so it may shoot up suddenly.
Anyway, your call, you may have bigger balls....
Quoting kostas1
Atif58 called this scoop-down 3 hrs ago in the Interactive thread https://www.forexfactory.com/thread/...8#post13356898 {image} EDIT: Almost Deja-vu from January 4th.... https://www.forexfactory.com/thread/...9#post13341249
in the above picture how come sell trade when Pa is above D-W pivots?
Quoting T4Trade
{quote} in the above picture how come sell trade when Pa is above D-W pivots?
No such rule here...
Maybe you want to study the thread to be able to ask relevant questions.
Quoting kostas1
{quote} Good, consider H4 10 (H1 35/50) at 1.3630 as an exit. My concern is that it has not cleared stops at 1.3700 so it may shoot up suddenly. Anyway, your call, you may have bigger balls....
Exit at 1.3643.....I am still working on my Entries/Exits
Just a question to the old guys in the thread...do you trade during London or just only London/NY overlap? I have many BE trades during London
You are allowed to fall but you are imposed to get up!
Quoting iero4
Just a question to the old guys in the thread...do you trade during London or just only London/NY overlap? I have many BE trades during London
Long time no see buddy..
I am still mostly 10 to 6 (GMT+2) and almost exclusively GU.
"Many BE trades and several winners" is much better than "many looser trades and many winners...."
Quoting kostas1
{quote} Long time no see buddy.. I am still mostly 10 to 6 (GMT+2) and almost exclusively GU. "Many BE trades and several winners" is much better than "many looser trades and many winners...."
Hey Kostas thanx for the reply. I am 10 to 6 as well and only GU and sometimes Gold ...

I will start trading for the new year from next week as January is weird month for me in terms of trading. I wish you a happy New year and hope to get rid of this Covid malakia...
You are allowed to fall but you are imposed to get up!
Hello Dancers,

I took two trades early this morning:

1) EURJPY

Entry: M15 EMA10 containment, confluence with R3;
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_1957358937_ENTRY_PERIOD_M15.gif Size: 273 KB

Exit: at 8 pips being afraid of WP/MP
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_1957358937_EXIT_PERIOD_M15.gif Size: 273 KB

2) GBPUSD

Entry: M15 Scoop-Down, confluence with RN 1.3600;
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_1957359100_ENTRY_PERIOD_M15.gif Size: 281 KB

Exit: at 5 pips being afraid of H4 EMA10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_1957359100_EXIT_PERIOD_M15.gif Size: 280 KB


Please suggest if I am applying Dance concepts (regarding Trade type) incorrectly.
Here is an interesting trade. "Interesting" because I took it right at a very strong resistance, RN, Daily R1.
The reason I dared was that already this was a 5th visit to this area (look at H4 chart) and looked ready to break.
When I noticed the EMA10 acting as a support, I entered but with half my normal lot size.
If it reverses to EMA 35/50, it may worth another long.

Attached Image (click to enlarge)
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Quoting kostas1
Here is an interesting trade. "Interesting" because I took it right at a very strong resistance, RN, Daily R1. The reason I dared was that already this was a 5th visit to this area (look at H4 chart) and looked ready to break. When I noticed the EMA10 acting as a support, I entered but with half my normal lot size. If it reverses to EMA 35/50, it may worth another long. {image}
Took exactly the same ...with the difference that I didn't exit yet as I am a greedy mother fucker.
You are allowed to fall but you are imposed to get up!
Quoting iero4
{quote} Took exactly the same ...with the difference that I didn't exit yet as I am a greedy mother fucker.
Self-awareness is a virtue.....

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Quoting kostas1
{quote} Self-awareness is a virtue..... {image}
I know what you mean Kosta...You are like the father shouting to his child
You are allowed to fall but you are imposed to get up!
This is our bread and butter, confluence of H4 10, H1 10, M15 34/50, RN.
I hope most of you will milk it for more, I am out (just before news).
Newbies, if you just focus and take ONLY this trade you will be ahead of many others....

Attached Image (click to enlarge)
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Quoting kostas1
This is our bread and butter, confluence of H4 10, H1 10, M15 34/50, RN. I hope most of you will milk it for more, I am out (just before news). Newbies, if you just focus and take ONLY this trade you will be ahead of many others.... {image}

I missed this trade by 1 pip....price dropped very quick move from H4 10EMA
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