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CHOROS System

  • #2,141
  • Oct 18, 2010 2:02pm Oct 18, 2010 2:02pm
Quoting nando_rich
http://www.forexfactory.com/showpost...postcount=2061
thanks nando. As my id will suggest i have seen a lot in this market and finally i have found something that works.Question was only to learn faster. please forgive if it was not well recieved. All seniors please continue your good work.and all juniors let's keep our mouth shut unless we need to really ask something . As one can see seniors are spending so much time to teach us. We can only thank them.

Note: Personal opinion. please ignore if you don't like.
Making money is easy- Just dont take losing trades
  • #2,142
  • Edited 2:11pm Oct 18, 2010 2:06pm | Edited 2:11pm
Quoting kostas1
Welcome to the thread Ian,
Usually I take the 35 the first time it is hit. In this case, if you see 7 bars back you will see a touch of M15 35 confluenced with H1 10 and RN. Perfect entry.
I usually take only the first 35 trade so what you are showing I would not have traded.

You hit bulls eye there kostas. I have observed that all MAs first touch works. next time its risky. Am not trading touches yet because have only lost trying to touch trade. am controlling myself to constrainment trades. But your comments are valuable. keep them coming.

Edit: as an aside, anyone has any info on how eclayf is doing? reading through his posts is so humbling. Like kostas, he always took great efforts to teach newbies. god bless him!
Making money is easy- Just dont take losing trades
  • #2,143
  • Oct 18, 2010 2:43pm Oct 18, 2010 2:43pm
Quoting Survivor
You hit bulls eye there kostas. I have observed that all MAs first touch works. next time its risky. Am not trading touches yet because have only lost trying to touch trade. am controlling myself to constrainment trades. But your comments are valuable. keep them coming.

Edit: as an aside, anyone has any info on how eclayf is doing? reading through his posts is so humbling. Like kostas, he always took great efforts to teach newbies. god bless him!
He is doing fine. It seems he is working on fine-tuning some of the strategy to adopt it for choppy markets (may share some of that with us in the future).
  • #2,144
  • Oct 19, 2010 12:38am Oct 19, 2010 12:38am
Hi Kosta and other Choros folk

Just curious..is the 18ma that Endroutes M5 uses a commonly used ma? I have not heard of it much at all in my travels?

thks

Lindsay
All that matters is winning the week
  • #2,145
  • Oct 19, 2010 2:09am Oct 19, 2010 2:09am
very fast and easy +44pips,
and before +31 pips,
all with EMA10 touch
just followed the M1 and any sign of strength i used to buy.
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #2,146
  • Oct 19, 2010 2:12am Oct 19, 2010 2:12am
Quick 15 pips.
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  • #2,147
  • Oct 19, 2010 2:20am Oct 19, 2010 2:20am
Have anyone considered previous day low? There is also a 1H pin on this level.
  • #2,148
  • Oct 19, 2010 2:21am Oct 19, 2010 2:21am
Quoting simmo24
Quick 15 pips.
Hey even i got the same one. Wasnt looking like good trade to me so waited till my sl was very small. Sold 65, SL 71. Booked at 30 . No matter what Gordon Gekko says, Greed is NOT good.
Making money is easy- Just dont take losing trades
  • #2,149
  • Oct 19, 2010 2:26am Oct 19, 2010 2:26am
Quoting Survivor
Hey even i got the same one. Wasnt looking like good trade to me so waited till my sl was very small. Sold 65, SL 71. Booked at 30 . No matter what Gordon Gekko says, Greed is NOT good.
Yes I had my usual 15 pip TP set as I can't sit and watch the trade (Day job)
and missed a lot of pips. I'm looking forward to the day I can do this full time.
  • #2,150
  • Oct 19, 2010 2:29am Oct 19, 2010 2:29am
Quoting simmo24
Yes I had my usual 15 pip TP set as I can't sit and watch the trade (Day job)
and missed a lot of pips. I'm looking forward to the day I can do this full time.
dont worry, a pip on the bank is a pip on the bank
trading is like dancing, don't think and just listen to the music!
  • #2,151
  • Oct 19, 2010 2:35am Oct 19, 2010 2:35am
Quoting Survivor
Hey even i got the same one. Wasnt looking like good trade to me so waited till my sl was very small. Sold 65, SL 71. Booked at 30 . No matter what Gordon Gekko says, Greed is NOT good.
Nice job guys. For the first time three of you reported the same trade. It seems you are paying attention... Keep up the good work. You should keep an eye on the M15 35/50 and/or H1 10 next.
  • #2,152
  • Oct 19, 2010 2:43am Oct 19, 2010 2:43am
Quoting kostas1
Trotty,
Nice to see you again my friend! I knew you were keeping up since I could see your name in viewers from time to time. I also noticed that your trading stayed with the general theme of MAs as moving S/R.
Endroute's suggestion is a natural addition to the Dance. We were using the M5 anyway for entries/exits but his observation is very interesting and will benefit our thread. But first we need to thoroughly test it and decide if we are going to adopt it or not (although since Endroute is using it most probably we are going to like it). It would...
Thanks buddy, I will try and get a chart of GU and either EU/EJ up at the end of each day to see what sort of results we get.

One obvious thing to bear in mind in the way that strong trebds "pull" the small numbered MAs toward them after the candle has closed so simple backward analysys of a chart doesn't always translate into what you saw at the time. I will do my best to pick only the obvious touches and am running at least one of these charts on a screen all day so will take as many of them on demo as possible.
  • #2,153
  • Oct 19, 2010 2:47am Oct 19, 2010 2:47am
Quoting messiahua
Have anyone considered previous day low? There is also a 1H pin on this level.
That's exactly why i wasnt very confident on this trade. But took it coz 15m was too tempting. Still would say was not a very good trade- There was previous low. And it had touched 10EMA multiple times earlier. I prefer first or at most 2nd touch.
Making money is easy- Just dont take losing trades
  • #2,154
  • Oct 19, 2010 3:02am Oct 19, 2010 3:02am
Another quick 10 pips
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  • #2,155
  • Oct 19, 2010 3:02am Oct 19, 2010 3:02am
Anyone took this one? Looks like perfect by the rules trade to me. I passed coz have already achived todays target. Want to close for today.but too many tempting offers here
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Making money is easy- Just dont take losing trades
  • #2,156
  • Oct 19, 2010 3:20am Oct 19, 2010 3:20am
be careful in taking shorts today.
we are still in a clear uptrend on the daily chart as you can see.
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trading is like dancing, don't think and just listen to the music!
  • #2,157
  • Oct 19, 2010 3:27am Oct 19, 2010 3:27am
Quoting birdland
be careful in taking shorts today.
we are still in a clear uptrend on the daily chart as you can see.
Yes strong Daily support at 1.5809.
  • #2,158
  • Oct 19, 2010 5:30am Oct 19, 2010 5:30am
Last trade for today, made my 30 pips.

+ 25 pips on the second trade, so made back my 15 pip SL lost on the first trade.

Couldn't resist this one once support had been broken.
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  • #2,159
  • Oct 19, 2010 5:42am Oct 19, 2010 5:42am
Does anyone here trail price like Clay suggested, ie.. moving SL to the high or low of the previous bar ?
I only ask as on two of my trades today I've left a lot of pips on the table by having a fixed TP.

Cheers
Simmo
  • #2,160
  • Edited 6:57am Oct 19, 2010 5:58am | Edited 6:57am
Quoting simmo24
Does anyone here trail price like Clay suggested, ie.. moving SL to the high or low of the previous bar ?
I only ask as on two of my trades today I've left a lot of pips on the table by having a fixed TP.

Cheers
Simmo
yes, i do that when the trend is strong like today
but at some point (over +40, +50pips) i tend to move my stop very close.

this was a good example on what i mean.
after +40pips i moved my stop very aggresivly to lock in minimum +40 pips.
it moved with speed through the 1.5840 and then i moved my stop to +50 pips and got stopped out with +49pips.
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trading is like dancing, don't think and just listen to the music!
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