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CHOROS System

  • #381
  • May 28, 2010 12:14am May 28, 2010 12:14am
Hi,

Just missed this constrainment as I was typing to much

Constrainment of the 1hr 10.

*EDIT*

Looking at it, there are a few more signals in there. It was a 15m 35 bounce and the same on the 5minute

The daily below is also interesting. The 10ema has acted as support already this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: tradepicentry.jpg Size: 169 KB
  • #382
  • May 28, 2010 12:18am May 28, 2010 12:18am
Quoting Billser
Hi Kostas1,

Would it possible to show this thread your account balance....I'm a newbie so its really a newbie stupid request...lol....You started trading the Dance back in March '08 .... so approx 2 years and you mentioned that you gain between 3 & 9 % per day.... So at the low end at 3% a day that should give you an account balance of $299,034,379.73

Thanks,
Billser
Billser,
How do you know? My account balance is exactly that (small detail: you need to move the decimal 5 places to the left).
Joking apart, on March '08 there was no Dance..... If you look more carefully at the equity curve I posted at the bottom you see dates and not years. I actually started using the Dance almost 1-2 days after Clay started the thread because it just clicked with my trading experience and attitude.
Back then I was ready to quit trading altogether after 2yrs of frustration but right now I am at 351%. So to go back in your original question, if your calculations are correct, ask me again in 2 years.
Kostas.

P.S. If you read carefully the thread, you will see that my plan is to reach the account to a point where I can trade 3-5 full lots with 30-40 pips daily which would provide roughly something on the range of 1000E and stay in that level of trading as a routine.
  • #383
  • May 28, 2010 12:20am May 28, 2010 12:20am
Quoting leemonk
Hi,

Just missed this constrainment as I was typing to much

Constrainment of the 1hr 10.

*EDIT*

Looking at it, there are a few more signals in there. It was a 15m 35 bounce and the same on the 5minute
I didn't miss it. Got the first +15 of the day!
Attached Image (click to enlarge)
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  • #384
  • May 28, 2010 12:52am May 28, 2010 12:52am
Kostas,

I noticed on your charts you have the equivalent MA's from the middle of Clays thread. I am trying to replicate the daily MA's on the 1hr, but there is such a vast differene in values that it's pointless. Will your indicator do this for me? ie show me the Daily MA's on the 1hr chart?

Lee
  • #385
  • May 28, 2010 1:00am May 28, 2010 1:00am
I know this is not part of the strategy, but there are enough things in this for me to post it...... I think.

Though my trading is improving, my ability to call where price goes is NOT.

Do not trade this unless you agree with it.
Attached Image (click to enlarge)
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  • #386
  • Edited 2:25am May 28, 2010 1:24am | Edited 2:25am
I know I shouldn't be, but I am convinced price is going up today based on the solid break of yesterdays daily 10 and the early retest this morning.

Here is my chart

*edit*

First TP hit. Second TP taken a little early despite price then reaching it.

Third TP moved to BE

**edit**

Third TP hit at BE.

So thats 15/30/0 pips = 15 net on this trade
Attached Image(s) (click to enlarge)
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  • #387
  • May 28, 2010 1:42am May 28, 2010 1:42am
Quoting leemonk
I know I shouldn't be, but I am convinced price is going up today based on the solid break of yesterdays daily 10 and the early retest this morning.

Here is my chart

*edit*

First TP hit. Second TP taken a little early despite price then reaching it.

Third TP moved to BE
Good! I got the same trade with one order though. Your approach should be more profitable in this trade (+19p for me).
Attached Image (click to enlarge)
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  • #388
  • May 28, 2010 2:17am May 28, 2010 2:17am
Nice one!

You're done for the day then I take it

Unless price moves again I will net 15 pips. I took 15/30/? if its BE then I will only get 15
  • #389
  • Edited 3:02am May 28, 2010 2:47am | Edited 3:02am
HI,

New trade.

Info on charts

*edit*

STOPPED OUT
Attached Image(s) (click to enlarge)
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  • #390
  • May 28, 2010 3:07am May 28, 2010 3:07am
Took this one a bit later, it almost hit SL, but I got 20 pips. Recently, for the past week, something happened and I started to lose consistently (don't know what actually happened), so i took profit at the previous PA on 5M.
Attached Image(s) (click to enlarge)
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  • #391
  • Edited 4:00am May 28, 2010 3:15am | Edited 4:00am
Info in chart

*EDIT*

Got stopped out shortly after moving the SL.

So, I got 15/30/43 = 29 pips.

Thats 6% growth this morning.

I may finish for the day but I will keep an eye on the charts.
Attached Image(s) (click to enlarge)
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  • #392
  • May 28, 2010 3:45am May 28, 2010 3:45am
As I see how GU is growing now, I guess, that's why I lose often. I take, when I shouldn't and I don't take, when I should... that's frustrating
  • #393
  • May 28, 2010 3:51am May 28, 2010 3:51am
Quoting messiahua
As I see how GU is growing now, I guess, that's why I lose often. I take, when I shouldn't and I don't take, when I should... that's frustrating
Messiahua,

Try not to think of what you have missed, only what you see. See how upset I was, but it didn't stop me getting back in and now I have made up my losses and am back on trade for my 30pips and 3% for the day.

Stick to the rules, and look for the good entries.

Talk more on here, if you are not sure, throw a chart up and ask a question on it. The more you post, words and charts, the more help you get and in return the more we ALL think about your question.

As I was sitting in this trade I thought it was funny how, as I was long, I was ignoring short trades that presented themselves.

So...... get talking, get posting, get charting.........I promise you this, it won't just help you, it will help everyone!

Keep your head up, if you let it drop, its game over!!!!!!

HEAD UP!!!!!!!!
  • #394
  • May 28, 2010 5:17am May 28, 2010 5:17am
Quoting messiahua
Took this one a bit later, it almost hit SL, but I got 20 pips. Recently, for the past week, something happened and I started to lose consistently (don't know what actually happened), so i took profit at the previous PA on 5M.
Looks good to me. Good TP target.

Kostas
  • #395
  • Edited 5:36am May 28, 2010 5:22am | Edited 5:36am
Thanks for the heads up, but anyway I'm not going to give up (that's the only goal I have and there is nothing more to do ).

Quote
So...... get talking, get posting, get charting.........I promise you this, it won't just help you, it will help everyone!
I'm not sure about whether recent move is by the rules, so... i'm asking. Screenshot attached, entry zone marked. It went up, but all MAs where flat at that point, am I missing anything?

Quoting kostas
Looks good to me. Good TP target.
Good to hear, but I already lost it. It's funny that I understand, you should not chase a trade, but I still do it. Need to fight with myself to solve this.
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  • #396
  • May 28, 2010 5:34am May 28, 2010 5:34am
Quoting messiahua
Thanks for the heads up, but anyway I'm not going to give up (that's the only goal I have and there is nothing more to do ).



I'm not sure about whether recent move is by the rules, so... i'm asking. Screenshot attached, entry zone marked. It went up, but all MAs where flat at that point, am I missing anything?
A perfect entry would have seen the MA's at an upwards angle. HOwever, you have TONS of confluence on that level, so I think it's a good trade.

I was looking at it myself, but as I have hit my daily target (doubled it) I have stopped.

I may be tempted with another entry if we can get a close above yesterdays high.

But as Clay always says, do YOU know why you took it?
  • #397
  • May 28, 2010 6:20am May 28, 2010 6:20am
Quoting messiahua
Good to hear, but I already lost it. It's funny that I understand, you should not chase a trade, but I still do it. Need to fight with myself to solve this.
Discapline..... one of the hardest things to learn. A massive weakness of mine.

Personaly, I think having a low(ish) target of 30 pips and being able to trade for as long as I want, means that I get to (or should do) take only the best trades, which means you really look for the right setups.

Lee
  • #398
  • May 28, 2010 6:35am May 28, 2010 6:35am
Quoting leemonk
Personally, I think having a low(ish) target of 30 pips and being able to trade for as long as I want, means that I get to (or should do) take only the best trades, which means you really look for the right setups.
Lee
Lee,
Exactly. I think some of my success has to do with the fact that the small amount of pips (30-40) makes it achievable as a target but most importantly it makes it believable in my mind. I would have a hard time performing with the same amount of risk (3%) using 100 pips or more since I don't feel confident that I can achieve these many pips in a day. On the other hand, you should work with your psychology in a way to get over the fact that your daily drawdown (-3%) can be reached in a few minutes (30 pips in GU is just seconds sometimes). Of course, on the positive side your daily target (+3%) can also be achieved in a few minutes (today all I needed was 2 trades of a few minutes each). Therefore you have the luxury of choosing your trades more wisely.

Kostas
  • #399
  • May 28, 2010 7:03am May 28, 2010 7:03am
Quoting kostas1
Lee,
Exactly. I think some of my success has to do with the fact that the small amount of pips (30-40) makes it achievable as a target but most importantly it makes it believable in my mind. I would have a hard time performing with the same amount of risk (3%) using 100 pips or more since I don't feel confident that I can achieve these many pips in a day. On the other hand, you should work with your psychology in a way to get over the fact that your daily drawdown (-3%) can be reached in a few minutes (30 pips in GU is just seconds sometimes)....
Spot on!!

I think it's one of the key differences to where I was two/three weeks ago. I sit there and think 'How can I NOT get 30 pips'.

I think it's a shame that so many will read about 30 pips a day and think it is rubbish, when infact I truely beleive it's the start of something MASSIVE!

On another note, I had to start a new account today as I was having problems with my platform.... apparently MT4 or at least FXPRO's version hates being in C>program files.

Anyhows, I have started a new account and I have just registed it with that fxbook thing you use, so I hopefull I can post some of my success;s too. THough, I am not sure I have applied correctly.
  • #400
  • May 28, 2010 7:04am May 28, 2010 7:04am
kalispera kostas
i m glad to see you have found a profitable way , a few months ago u have opened a thread looking for a way to be profitable and it seems you have found it . you are certainly a bright example of hope for traders who are having difficulties in this journey.
happy trading
samer

Quoting kostas1
Billser,
How do you know? My account balance is exactly that (small detail: you need to move the decimal 5 places to the left)....
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