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CHOROS System 16,179 replies

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Attachments: CHOROS Interactive
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CHOROS Interactive

Quoting Binyamin
nice, sniping, I got too scared because of the diverging MAs not to mention the wide difference between them.
but H1 trend is good.
Quoting Binyamin
nice, sniping, I got too scared because of the diverging MAs not to mention the wide difference between them.
Looking to short now. At M15 (10) or H1 (10). The M5 candles formation will show me when.
Quoting kk007
but H1 trend is good.
The H1 trendline has been broken. Please correct me if I'm wrong.

The uptrend starting from 12.07.2011.
D1 (10) and round number 6050.

What do u think?
Quoting joaogr
The H1 trendline has been broken. Please correct me if I'm wrong.

The uptrend starting from 12.07.2011.
I have the TL too, but since it was only touch twice, not completely convincing it is a TL breakout.
Could a pingpong scenario happen at GU between 35 and 50 MA H1? We shall see. I won't trade that by the way...... I am not experienced enough.
Riding the order flow
I am itching to enter a GU 10EMA touch right now!

Update: The price closed dead end COB at 10 EMA, short already
Riding the order flow
Quoting Binyamin
I am itching to enter a GU 10EMA touch right now!

Update: The price closed dead end COB at 10 EMA, short already

I've moved my SL from -10 pip to -5 pips. I think this will be good for 15 pips, because the price seem to respect a bunch of wicks at that area.

Update: SL for -5 pips is hit.
Riding the order flow
Quoting Binyamin
I've moved my SL from -10 pip to -5 pips. I think this will be good for 15 pips, because the price seem to respect a bunch of wicks at that area.

Update: SL for -5 pips is hit.
Me BE for this one
Guys keep in mind that it is Friday and the market is a bit hard to predict!

Have a good weekend ...Personaly I am fine with my 20 pips for today!
You are allowed to fall but you are imposed to get up!
Quoting iero4
Guys keep in mind that it is Friday and the market is a bit hard to predict!
Is it? I wonder why.

Anyway constrainment happening in AUDUSD now, for M15 10EMA! I think it is going down.

PS: I see some of you quitting for a day after so many pips.
Riding the order flow
  • Post #272
  • Quote
  • Edited at 7:30am Jul 15, 2011 7:02am | Edited at 7:30am
Quoting Binyamin
PS: I see some of you quitting for a day after so many pips.
Not me!!! I keep losing today... most positions were in red all the way were straight to SL.

I tried to short and long at the same time to ensure some at last some winners, but still both were losers.

P.S. Feeling like price are always attracted to SL.
Alert GBPUSD ready to LONG.

If H1 closes above 62SMA in 2 mintues, could be a nice LONG for at least 10 pips
Quoting Haydel
Alert GBPUSD ready to LONG.

If H1 closes above 62SMA in 2 mintues, could be a nice LONG for at least 10 pips
Nice, EO style?
  • Post #275
  • Quote
  • Edited at 12:04pm Jul 15, 2011 9:51am | Edited at 12:04pm
Quoting Haydel
Alert GBPUSD ready to LONG.
If H1 closes above 62SMA in 2 mintues, could be a nice LONG for at least 10 pips
Quoting K_Minos
Nice, EO style?


That was fast! I got my 10 pips with double lots on this trade.

K_Minos, yes! As you may have noticed EO style and CHOROS have a lot in common. The roots of profitable consistent trading are in these methods, they are a very strong combination in the path to understand the market.

As you can see now, price bounced on the area of interest highlighted yesterday here http://www.forexfactory.com/showthre...70#post4779870, then closed above 62SMA giving a confimation, so my entry was at Close Of Bar.

Did I said at least for +10pips? It reached +30pips already.

10 pips was my target because all of the previous noise around 1.6100 RN.

This trade worked as expected that is why I did it with double lots.

EDIT: Did I said at least for +10pips ??? !!!! It reached more than 70pips in four hours with cero Drawdown !!!!
Quoting Haydel
That was fast! I got my 10 pips with double lots on this trade.

K_Minos, yes! As you may have noticed EO style and CHOROS have a lot in common. The roots of profitable consistent trading are in these methods, they are a very strong combination in the path to understand the market.

[color=black][font=Verdana]As you can see now, price bounced on the area of interest highlighted yesterday here http://www.forexfactory.com/showthre...70#post4779870,...
Yes, very similar threads, I missed the entry, I'm trading the 62 as touch without confirmation. Good call
Quoting Haydel
This trade may work, but there are two things that I donīt like

  1. 35/50 are not parallel.
  2. H1 is being constrained by 10EMA and 35SMA. I prefer the trades where H1 is constrained only by 10EMA showing a stronger trend.

But as I said, the trade may work so I will SHORT with very small lot and I'm going to sleep.

In this case the Stop would be 10 to 15 pips above RN...

What went wrong?
Lack of discipline, anxiety, greed.
I knew this was not a perfect setup, I said what was wrong, and even then I made the trade.
I need to follow the rules. For these H1 Constrainment trades, 35/50 has to be parallel, and the 10EMA has to be clearly separated from the 35.

The good thing

I traded with very small lot, risking only 0.5% of my account.

As Sam Seiden said:

There are only 4 outcomes to any trade.
1. Small Win
2. Big Win
3. Small Loss
4. Big Loss
Remove the Big losses from your trading and you will do well on this business.

This was a Small Loss.

_____________
Happy trading
Dr. Constrainment may be able to do this:

Quoting Haydel
What went wrong?
Lack of discipline, anxiety, greed.
I knew this was not a perfect setup, I said what was wrong, and even then I made the trade.
I need to follow the rules. For these H1 Constrainment trades, 35/50 has to be parallel, and the 10EMA has to be clearly separated from the 35.

The good thing

I traded with very small lot, risking only 0.5% of my account.

As Sam Seiden said:[indent]There are only 4 outcomes to any trade.
1. Small Win
2. Big Win
3. Small Loss
4. Big Loss
Remove the Big losses from your trading and you will do well...
Attached Image
Quoting kk007
Dr. Constrainment may be able to do this:
i entered also at the level i said this morning
http://www.forexfactory.com/showthre...53#post4782553
its still running for +25 so far. but as i am not experienced with constrainments i took it on demo just to track how it runs.
Quoting asos101
defo, i will re-install later. i dont want to miss the morning sea
thanks for the heads up.
Is this your office?
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