CHOROS System

great!
i didnt catch it, hesitated for a second

It looks that a nice confluence may occur on GU:
1. H1 EMA10
2. M15 SMA35
3. Monthly Pivot

If I am close to my computer, I will try a short there (~1.5430)

this area around the 1.5400-1.5407 is hot batteled.
its the daily 50SMA.

i would not be surprised, if the market has not enough power to reach the 35ema on the M15.

shortet on the touch of H1 10ema AND M15 35ema
stop: 14pips

new stop: lowered from 14 pips to 4 pips,
reason: M15 bar closed, high of bar 1 pip above.

new stop: BE+1pip,
reason: M5 shows deep red bar

dont worry,
i will post it only once to show my stop strategy

Worked like a charm. Got my daily quota now so 17p was fine, but it will be a good trade for more. Done for the day.

Great to see that you guys are doing well! Your posts really help to make up confidence and learn. Very often I see obvious entries, but I don't enter, then I ask myself why. I didn't make any traders recently myself. Currently watching on demo and sometimes try sim.

nice constrainment on the 35EMA

i cant pull the trigger today, -13pips in 6 trades so far and it was a long day.

i will try it tomorrow fresh

On the other hand, I got a little trigger happy today (not a good thing). Got this trade based on:
1. Bounce from M15 10/35
2. constrainment from M5 35/50

Target was monthly pivot but it shot too fast and I got a few more pips (+31p).
This is the "scooped up" trade. Essentially, the price is ready to shoot up but bounces one more time from the M15 10 (the 10 "scoops up" the price).
As I said, I achieved my target for the day before this trade, but since I really wanted this trade, I used half the amount of lots that I usually trade with a small SL (so in case of a loss it wouldn't really hurt my daily target).

Kostas.

despite the news-fuel, very nice trade!

M15 5 contrainment
M5 10 constrainment
->short

+9pips, too slow for me.

Usually it is slow before London open, but several times you can catch nice constrainments at this time....

its actually looking a little porcupiney - no clear direction at all in the last hour or so. Hopefully London will do something decisive

Hey folks, I'm new here and looking to do some trades.

The GBP/USD was constrained, this is my first trade for today, after I took it the price jumped 10 pips down. Very nice, already in BE. Probably not the best trade as it was ranging and jumping back up from 1.54 earlier.

Staying in to see if it can break 1.54, if it does this could be a nice run down today.

As I said earlier, I liked the constrainment that was appearing on M15, but got convinced by nice MA bounces from H1 and M15.

http://img835.imageshack.us/img835/7821/74326475.th.gif

Second trade in USD/CHF, round number and bounce off 10ma. News release had a nice effect on this one.

I'm still watching USD/JPY to maybe have a constrainment at 84.50, otherwise this day doesn't look to good, especially with the upcoming news releases.

confluence: m15 10/35/50
P/A: perfect pin bar