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CHOROS System

  • #1,841
  • Sep 15, 2010 1:44am Sep 15, 2010 1:44am
Hi:

I took this trade on GU. I closed it as soon as the EMA10 in h4 was being touched.

So...daily goal reached on one trade.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 15-09-2010_dance_1.gif Size: 78 KB
"Being picky only cost your time - not MONEY"...Hans
  • #1,842
  • Sep 15, 2010 1:47am Sep 15, 2010 1:47am
Quoting kostas1
Well the music band is back today
Keep an eye for confluences now. Yesterday's strong move will give good opportunities. Don't forget to look at the higher TF's. For example, it seems price did a ping-pong on Daily 35-50 (GU). It is currently bouncing from H4 10 (got my first +12p there). Just below that, the H1 has all three 35/50/62 MAs close to each other, so it seems to me that a bounce from those will be a good trade (if the price gets down there of course).

The ping pong zone on Daily 35-50 (GU) worked very good for short today on this moment. The hight timeframes are powerfull...I agree wiht you.
"Being picky only cost your time - not MONEY"...Hans
  • #1,843
  • Sep 15, 2010 1:53am Sep 15, 2010 1:53am
Quoting blackcat2
Anyone caught the yen movement caused by Japan's central bank?
we are here mainly trading the GU
trading is like dancing, don't think and just listen to the music!
  • #1,844
  • Sep 15, 2010 2:21am Sep 15, 2010 2:21am
Quoting kostas1
....the H1 has all three 35/50/62 MAs close to each other, so it seems to me that a bounce from those will be a good trade (if the price gets down there of course).
Have you taken this one??
"Being picky only cost your time - not MONEY"...Hans
  • #1,845
  • Sep 15, 2010 2:23am Sep 15, 2010 2:23am
If I had followed my own rules (i.e. when many things confluence the price checks all of them) I would have gotten more than 25p on this but I got only 15p because I was trigger happy. I was afraid that I am going to miss the trade and got long right on the confluence of H1 35/50 that I was telling you earlier this morning but I should have waited for the RN. Anyway 15p is 15p. My SL was below the RN (around 16p SL). As I am writing this the price moved another 30 but I am not complaining.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 262 KB
  • #1,846
  • Sep 16, 2010 2:32am Sep 16, 2010 2:32am
No dance by the moment...very choppy and slow market...
"Being picky only cost your time - not MONEY"...Hans
  • #1,847
  • Sep 16, 2010 2:37am Sep 16, 2010 2:37am
Quoting nando_rich
No dance by the moment...very choppy and slow market...
High Impact GBP news at 09:30. I'm waiting until after this.
  • #1,848
  • Sep 16, 2010 2:39am Sep 16, 2010 2:39am
Quoting simmo24
High Impact GBP news at 09:30. I'm waiting until after this.
yes...i think so
"Being picky only cost your time - not MONEY"...Hans
  • #1,849
  • Sep 16, 2010 3:04am Sep 16, 2010 3:04am
i see some constrainment around the M15 35.
trading is like dancing, don't think and just listen to the music!
  • #1,850
  • Sep 16, 2010 3:39am Sep 16, 2010 3:39am
Quoting birdland
i see some constrainment around the M15 35.
bad luck,
i was short @1.5614 and got stopped out @1.5624 (it was the high)
Attached Image
trading is like dancing, don't think and just listen to the music!
  • #1,851
  • Sep 16, 2010 3:47am Sep 16, 2010 3:47am
Quoting birdland
bad luck,
i was short @1.5614 and got stopped out @1.5624 (it was the high)
bad luck - that would have been enormous!!

(i stayed out because of news)
  • #1,852
  • Edited 4:16am Sep 16, 2010 4:04am | Edited 4:16am
Because of GU news I experimented with EU. It almost stopped me out (I was not in from of my computer to manage it) but eventually gave me +26p (I had my TP just below daily R1). Reasons to trade: M15 10 bounce, H1 10 bounce, entry refinement using M5. Missed a nice H4 10 bounce earlier this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 276 KB
  • #1,853
  • Sep 16, 2010 4:19am Sep 16, 2010 4:19am
Quoting kostas1
Our method is not for those that need a mechanical technique. You need to think and understand the markets. One of the reasons that you could never automate this into an EA.
I would challenge you at this one, Kostas1 I am very interested in MQL programming, and I am working on automatizing the Dance system right now (while trading manually on the side, of course). The main difficulty for the moment is the "MA touch". As many of you might have noticed, there's no REAL touch of the MA line by price at the momnet you enter a trade. When the price tends to the MA, the MA tends AWAY from the price, because the MA is calculated on CLOSE. So, you can only see the perfect touch AFTER the "touch bar" is closed.. but it's too late to enter the trade then! So, you must do some extrapolation of the MA to estimate the touch point. This is fairly easy for a human, but less so for a robot...

Sorry for this post that's a bit off topic; I still closely following your fellow traders learning to dance better
  • #1,854
  • Sep 16, 2010 5:06am Sep 16, 2010 5:06am
Quoting Norg
I would challenge you at this one, Kostas1 I am very interested in MQL programming, and I am working on automatizing the Dance system right now (while trading manually on the side, of course). The main difficulty for the moment is the "MA touch". As many of you might have noticed, there's no REAL touch of the MA line by price at the momnet you enter a trade. When the price tends to the MA, the MA tends AWAY from the price, because the MA is calculated on CLOSE. So, you can only see the perfect touch AFTER the "touch bar" is closed.. but it's...
Interesting! Well, my experience with coding is limited to BASIC back when the first home computers came out (I had a TI-99/4A), so what do I know?
Anyway, since you started this project already, all I can do is help you. Here are some comments:
1. The easiest to code should be the constrainment (3 or more bars that are confined by the MAs), and the 35/50 bounce.
2. In terms of the "touch" use the actual touch of the MA as the trigger (M1 bar touches the M15 10) and not when the price touches after the bar close. Of course you should use the "two-bar" retracement rule.
3. The attached indicator contains code that detects the MA touch. It may help you to get some ideas.

Kostas.
P.S. Keep us informed if your EA gets anywhere. If you plan on doing this I would even suggest a new thread from you on the "Platform Tech" section so that this thread stays focused on the manual method.
Attached File(s)
File Type: mq4 MA Touch.mq4   3 KB | 507 downloads
  • #1,855
  • Sep 16, 2010 5:40am Sep 16, 2010 5:40am
I learned an important thing in the last days:

DONT TRADE AGAINST THE H1 TREND!

if M15 is conflicting with H1 then I stay out!
trading is like dancing, don't think and just listen to the music!
  • #1,856
  • Sep 16, 2010 5:47am Sep 16, 2010 5:47am
Quoting Norg
I The main difficulty for the moment is the "MA touch".
well my main trick here is:
i substract the MA 10 from the already closed bar from the bar before.
for example the number now from the last closed bar is : 1.559633
the bar before this bar had a MA number of: 1.559941
makes a difference of 3.08 pips.

then i substract these 3.08 pips from 1.559633 and the result is: 1.559325

if i would then short the MA 10 i would put in the order : short limit 1.5593

clear?
trading is like dancing, don't think and just listen to the music!
  • #1,857
  • Sep 16, 2010 7:13am Sep 16, 2010 7:13am
Birdland, that's exactly I am calling "interpolation"; we are thinking the same way!
Kostas1: thank you, I am aware of that indicator, but that's not exactly what we're looking for. That indicator signals the price CROSSING the MA (open on one side, close on another), not TOUCHING it...
Of course, I keep you informed on my programming progress, but it's definitely too early for a separate thread; I will not post about it until I see the real progress.
  • #1,858
  • Sep 16, 2010 10:27am Sep 16, 2010 10:27am
there is a nice M15 10 touch, but take care, its a bit late
trading is like dancing, don't think and just listen to the music!
  • #1,859
  • Sep 17, 2010 2:53am Sep 17, 2010 2:53am
It seemed to me like a kind of "constrainment" of the SMA35 on M5 and of the SMA10 on M15...

I guess I was right , as it just literally crashed into the +15 TP of the visual editor....
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-17_094836.png Size: 78 KB
  • #1,860
  • Sep 17, 2010 3:05am Sep 17, 2010 3:05am
i am having a day off trading today - it is quadruple witching day which has been bad for me in the past - be careful - can get very choppy.
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