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CHOROS System

  • #4,981
  • May 13, 2011 3:38am May 13, 2011 3:38am


Quoting kostas1
Just to get the discussion going here:

I spotted this 2-bar retrace on EU today. Details on the graph.
Gave an easy +69 (reminds me of something kinky but I can't remember what....)
  • #4,982
  • May 13, 2011 3:47am May 13, 2011 3:47am
Quoting kostas1
Just to get the discussion going here:

I spotted this 2-bar retrace on EU today. Details on the graph.
Gave an easy +69 (reminds me of something kinky but I can't remember what....)

EDIT: With this strong action I may take a second M15 10 touch, otherwise the 35/50 is next for me.
Cracker Kostas!
  • #4,983
  • May 13, 2011 5:47am May 13, 2011 5:47am
Quoting kostas1
Just to get the discussion going here:

I spotted this 2-bar retrace on EU today. Details on the graph.
Gave an easy +69 (reminds me of something kinky but I can't remember what....)

EDIT: With this strong action I may take a second M15 10 touch, otherwise the 35/50 is next for me.
Strong action appears to have run out of puff!
  • #4,984
  • May 13, 2011 6:25am May 13, 2011 6:25am
Quoting bigtent
Strong action appears to have run out of puff!
yep! The M5 action was not convincing enough to try another long. The M15 35/50 though may line-up. Waiting now....
  • #4,985
  • May 13, 2011 7:12am May 13, 2011 7:12am
Quoting kostas1
yep! The M5 action was not convincing enough to try another long. The M15 35/50 though may line-up. Waiting now....

Won some and lost some... currently up 21 pips after a quick short for 15 off the retrace to the M15 35 and H1 10 on the GU.

My current assessment of market sentiment is ...
  • #4,986
  • May 13, 2011 7:22am May 13, 2011 7:22am
[quote=bigtent;4613575]This is all my stuff I use. Unzip it and copy all the folders from the "Big tent setup" folder to your metatrader folder and switch to the BT Dance profile. This will load all the indicators scripts etc, as I have them set up.

Thanks a lot, Bigtent!
  • #4,987
  • May 13, 2011 7:34am May 13, 2011 7:34am
Quoting kostas1
yep! The M5 action was not convincing enough to try another long. The M15 35/50 though may line-up. Waiting now....
Did you catch that bounce off the H1 50? If so, can you tell me what you saw to convince you?

To me it was all looking like continuing South.....

Or did Clay's spies get the news release wrong!
  • #4,988
  • May 13, 2011 7:44am May 13, 2011 7:44am
Quoting bigtent
Did you catch that bounce off the H1 50? If so, can you tell me what you saw to convince you?

To me it was all looking like continuing South.....

Or did Clay's spies get the news release wrong!
within 15-20 pips were the M15 35/50 though they were diverging
the H1 10 and 50
and just below the H4 10 with the RN..
if these werent enough i dont know what is
- didnt catch it by the way, just turned my pc on now.
  • #4,989
  • May 13, 2011 7:59am May 13, 2011 7:59am
Quoting kostas1
Just to get the discussion going here:

I spotted this 2-bar retrace on EU today. Details on the graph.
Gave an easy +69 (reminds me of something kinky but I can't remember what....)

EDIT: With this strong action I may take a second M15 10 touch, otherwise the 35/50 is next for me.
I took the same trade, but only for +50 so unfortunately I missed out on the kinky reminder... Shame
  • #4,990
  • May 13, 2011 8:06am May 13, 2011 8:06am
Quoting asos101
within 15-20 pips were the M15 35/50 though they were diverging
the H1 10 and 50
and just below the H4 10 with the RN..
if these werent enough i dont know what is
- didnt catch it by the way, just turned my pc on now.

What he said..... (I used the bounce from the M5 200 to get long)
+31
  • #4,991
  • May 13, 2011 8:13am May 13, 2011 8:13am
Quoting kostas1
What he said..... (I used the bounce from the M5 200 to get long)
+31
i wasnt using the 200 till now on M5 i definitely will from now on.
looks like quite a few steps and falls were taken off it lately.
  • #4,992
  • May 13, 2011 8:17am May 13, 2011 8:17am
Quoting kostas1
What he said..... (I used the bounce from the M5 200 to get long)
+31
I saw the levels, but no way could I see the PA to support it.... price had ping-ponged between the M15 50 (top) and H1 50 (bottom) and had just broken to the south when the news hit...

To me I couldn't see any sign of reversal (spike, doji, etc).

PA is my biggest problem with this method.
  • #4,993
  • Edited 8:57am May 13, 2011 8:37am | Edited 8:57am
Quoting asos101
within 15-20 pips were the M15 35/50 though they were diverging
the H1 10 and 50
and just below the H4 10 with the RN..
if these werent enough i dont know what is
- didnt catch it by the way, just turned my pc on now.
Throughout the thread it, bounce trades have been said to require confirmation in PA, usually M5. That is what I am asking about.

There are plenty of confluences, and a lot of them losers (if your max stop is less than 20 pips).
  • #4,994
  • May 13, 2011 9:28am May 13, 2011 9:28am
Quoting bigtent
Throughout the thread it, bounce trades have been said to require confirmation in PA, usually M5. That is what I am asking about.

There are plenty of confluences, and a lot of them losers (if your max stop is less than 20 pips).
i agree with you, this one definitely didnt leave much time for reaction in M5.
but it was news time i think?
given the day and time, it would require big balls to go against the H4 trend and i dont say i got them.
Kostas on the other hand nails them just fine. i guess there is no substitute for experience.
  • #4,995
  • May 13, 2011 10:47am May 13, 2011 10:47am
Quoting asos101
Kostas on the other hand nails them just fine. i guess there is no substitute for experience.
Which is why I am desperately trying to pick his brains!

Hey Kostas... let's face it, Greece is in all sorts of trouble at the moment, so how about coming out here to Australia (our economy's going great guns) for a holiday, and let me watch over your shoulder?
  • #4,996
  • May 13, 2011 12:23pm May 13, 2011 12:23pm
Quoting bigtent
Which is why I am desperately trying to pick his brains!

Hey Kostas... let's face it, Greece is in all sorts of trouble at the moment, so how about coming out here to Australia (our economy's going great guns) for a holiday, and let me watch over your shoulder?
I would love that.
If you are ready to watch over my shoulder get a cardio exam first..... My approach to use the M1 when there are news and bail out at the first sign of trouble saved my ass again.....
  • #4,997
  • May 13, 2011 10:23pm May 13, 2011 10:23pm
Quoting kostas1
I would love that.
If you are ready to watch over my shoulder get a cardio exam first..... My approach to use the M1 when there are news and bail out at the first sign of trouble saved my ass again.....
OK, next plane from Europe arrives tomorrow morning, so I'll pick you up at Sydney Airport....

Just so I don't miss you, that's you in the front with the tablet PC, isn't it?

http://www.masterarts.com.au/images/pi_374.jpeg
  • #4,998
  • May 14, 2011 1:37pm May 14, 2011 1:37pm
Quoting bigtent
OK, next plane from Europe arrives tomorrow morning, so I'll pick you up at Sydney Airport....

Just so I don't miss you, that's you in the front with the tablet PC, isn't it?

http://www.masterarts.com.au/images/pi_374.jpeg




I am not that advanced yet. Still trading from my desktop.....
P.S. That's frappe coffee in my left hand.
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  • #4,999
  • May 15, 2011 1:36pm May 15, 2011 1:36pm
Quoting kostas1

I am not that advanced yet. Still trading from my desktop.....
P.S. That's frappe coffee in my left hand.

Hmmm.... you look a little jaundiced there, my friend... get a medical before you travel!

Also, be careful with that cat-skin... it may get quarantined and you'll have to leave the airport naked!
  • #5,000
  • May 15, 2011 2:26pm May 15, 2011 2:26pm
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