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CHOROS System

  • #3,161
  • Edited 7:38am Dec 13, 2010 7:24am | Edited 7:38am
2nd touch trade.

same entry price
deja vu?

entry 1.5737
stop .15760
target 1.5722

Note: already done for the day,
but just demo trading already.
Attached Image
  • #3,162
  • Dec 13, 2010 7:28am Dec 13, 2010 7:28am
Quoting willkohsg
2nd touch trade.

same entry price
deja vu?

entry 1.5737
stop .15756
target 1.5722
Usually I avoid the second 10 touch when there was already a 35/50 bounce. Also, look at your higher TFs. It seems like a nice long constrainment from H1 200.
  • #3,163
  • Dec 13, 2010 8:27am Dec 13, 2010 8:27am
Quoting kostas1
Usually I avoid the second 10 touch when there was already a 35/50 bounce. Also, look at your higher TFs. It seems like a nice long constrainment from H1 200.
u're quite right on that kostas1
got stopped out on that.
  • #3,164
  • Edited 10:33pm Dec 13, 2010 11:46am | Edited 10:33pm
Hi again.

I am using a Demo account Now to improve my "Dance".
Had to add a "0" for script to work (as instructed).

The problem is the Buy and Sell orders only execute once.
No Two trades as the manual says.

What am I missing?

Waiting for your support.

Best regards.
Wassimania.
  • #3,165
  • Dec 14, 2010 1:03am Dec 14, 2010 1:03am
hi guys,
possible constrainment of Cable by m15 MAs and H1 10 EMA.
chart attached.

anyone knows the reason for the huge move up on cable during NY yesterday?
Attached Image
  • #3,166
  • Dec 14, 2010 1:32am Dec 14, 2010 1:32am
Quoting wassimania
Hi again.

I am using a Demo account Now to improve my "Dance".
Had to add a "0" for script to work (as instructed).

The problem is the Buy and Sell orders only execute once.
No Two trades as the manual says.

What am I missing?

Waiting for your support.

Best regards.
Wassimania.
u've got it as it is.

it works that way, one trade at a time

1)u can manually close half the trade.

2)or you can set the risk to be half for each trade,
so u can activate the script 2 times to get 2 trades.
  • #3,167
  • Edited 2:54am Dec 14, 2010 2:25am | Edited 2:54am
touch trade setting up on cable..

entered a touch off m15 10 ema.

entry 1.5879
target 1.5900
stop 1.5860

that trade got stopped out.
anyone can give me some hindsight as to why that trade failed?
Attached Image
  • #3,168
  • Edited 3:25am Dec 14, 2010 2:50am | Edited 3:25am
Hi willkohsg,

I did the exact same as you before reading. However thinking about it (I'm new to The Dance), looks like I did not follow the rules: the price did not come back to the 10ema in 2 bars, the slope was not very steep. Could that be a reason?

thanks,
K-
  • #3,169
  • Dec 14, 2010 3:09am Dec 14, 2010 3:09am
Quoting willkohsg
hi guys,
possible constrainment of Cable by m15 MAs and H1 10 EMA.
chart attached.

anyone knows the reason for the huge move up on cable during NY yesterday?
Using higher tf and draw support and resistance you can see that cable is trending up.
  • #3,170
  • Dec 14, 2010 3:27am Dec 14, 2010 3:27am
Quoting willkohsg
touch trade setting up on cable..

entered a touch off m15 10 ema.

entry 1.5879
target 1.5900
stop 1.5860

that trade got stopped out.
anyone can give me some hindsight as to why that trade failed?
I didn't take it because the 35/50s weren't close enough to each other and not on a steep enough angle for a 10 MA touch trade. I haven't made any trades yet today, waiting on something good.

I might have taken the 8:45 touch of the 50 but I wasn't at my computer.
  • #3,171
  • Dec 14, 2010 3:35am Dec 14, 2010 3:35am
Quoting willkohsg
u've got it as it is.

it works that way, one trade at a time

1)u can manually close half the trade.

2)or you can set the risk to be half for each trade,
so u can activate the script 2 times to get 2 trades.
Hi willkohsg,

Thank you for your reply. But the script has the following code:

::::: ::::: :::::
int start()
{
double lots = GlobalVariableGet("ordersize");
//----
OrderSend(Symbol(),OP_BUY,lots,Ask,3,Ask-StopLoss*Point,Ask+TakeProfit*Point,"",255,0,Green);

OrderSend(Symbol(),OP_BUY,lots,Ask,3,Ask-StopLoss*Point,Ask+TakeProfit1*Point,"",255,0,Green);
return(0);
}
//+------------------------------------------------------------------+
::::: ::::: :::::


Doesn't that executes Two orders?


I apologize about these questions.
But I've been "Dancing" with online Charts which needs to have the Dance setup placed every time. That is why I started using MS.

Regards,
WassiMania.
  • #3,172
  • Dec 14, 2010 3:38am Dec 14, 2010 3:38am
Quoting arha
I didn't take it because the 35/50s weren't close enough to each other and not on a steep enough angle for a 10 MA touch trade. I haven't made any trades yet today, waiting on something good.

I might have taken the 8:45 touch of the 50 but I wasn't at my computer.

Good analysis arha. Note however that it was a good buy near low there. Reason- notice GU nicely constrained by 10EMA in 1H chart. 35/50 still quite steep and parrellel there. Thats whay took 10EMA touch in 1H. Was good for quite many pips as you can see.

EDIT: Why is it finding tough to cross 1.59? Reason is in d1 35 MA.
Making money is easy- Just dont take losing trades
  • #3,173
  • Dec 14, 2010 3:41am Dec 14, 2010 3:41am
Quoting Survivor
Good analysis arha. Note however that it was a good buy near low there. Reason- notice GU nicely constrained by 10EMA in 1H chart. 35/50 still quite steep and parrellel there. Thats whay took 10EMA touch in 1H. Was good for quite many pips as you can see.
u're quite right survivor,
i was looking at constrainment by H1 10ema and M15 MAs
before London Open.

Oh well still have my daily target to fufill then. looking for touch trades off M15 10ema now..

Note: Kostas1 mentioned he will not look at touch trades after there was a bounce off 35/50 ema on M15.. guess we need to see price move out and above this 1.59000 and below range to see any clear direction else it'll be ping pong session till NY ..
  • #3,174
  • Dec 14, 2010 3:44am Dec 14, 2010 3:44am
Took a quick 15 pips off the EU H1 10 MA touch.
Attached Image
  • #3,175
  • Dec 14, 2010 3:46am Dec 14, 2010 3:46am
Quoting arha
Took a quick 15 pips off the EU H1 10 MA touch.
Not only that but it was constrained with the Monthly Pivot to the pip. Gave me +22p.
  • #3,176
  • Dec 14, 2010 3:48am Dec 14, 2010 3:48am
Quoting arha
Took a quick 15 pips off the EU H1 10 MA touch.
Argh damn!I was watching the 15min too closely and didn't take it cuz it was 5 or so pips from the 35...note taken
  • #3,177
  • Dec 14, 2010 3:52am Dec 14, 2010 3:52am
Quoting natnimrey
Argh damn!I was watching the 15min too closely and didn't take it cuz it was 5 or so pips from the 35...note taken
I treated the H1 chart the same way as the M15 in the Dance manual. So the 35/50 are very close together and in a steep upwards angle, and then there was a nice even two bar retrace to the 10 MA.

I think that is ok in the Dance system, Clay mentioned that all timeframes show the same patterns.
  • #3,178
  • Dec 14, 2010 3:54am Dec 14, 2010 3:54am
Quoting kostas1
Not only that but it was constrained with the Monthly Pivot to the pip. Gave me +22p.
Kostas, what do you use to calculate the daily/weekly pivot points? This is something that is brand new to me, is there some sort of indicator that you use or is it a manual process?
  • #3,179
  • Dec 14, 2010 4:05am Dec 14, 2010 4:05am
Quoting arha
Kostas, what do you use to calculate the daily/weekly pivot points? This is something that is brand new to me, is there some sort of indicator that you use or is it a manual process?
The AutoPivotIndicator_ver5 which I have put in the attachments in this thread. Not a Dance object but in my experience the Daily Pivot,R1,S1,R2,S2 and the Weekly,Monthly Pivots are very strong reaction points. When they confluence with MAs and/or RNs they are powerful.
  • #3,180
  • Dec 14, 2010 4:09am Dec 14, 2010 4:09am
Quoting arha
Kostas, what do you use to calculate the daily/weekly pivot points? This is something that is brand new to me, is there some sort of indicator that you use or is it a manual process?
I'd like to hear about that too.

And I think God decided to give me a 2nd chance...grabbed 15 pips here...but is it best to avoid a second tap of the same ema?
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