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CHOROS System

  • #6,041
  • Aug 19, 2011 3:27am Aug 19, 2011 3:27am
Hi Buddy,

I find your SL, for example, was -59pip on the first row of your statement.
Ok ok, if you don't use it, it is ok. I misunderstood you allow a huge SL for small profit.

Well done! I think you are doing extremely well then.

cheers,



Quoting Whenever
Hi Friend !

From you every criticism is well accepted

I don't know what position(s) you are referring to, but anyway most of the times that's the SL pre-set from the visual order editor or I just move it out of my view, because I do not need it.

Most of the times, as long as I may follow personally the chart I do not care about the SL, because if needed I close for sure much earlier than the SL level.

But I understand and agree with you about your post.
R/R is one of the most important things.

Cheers
  • #6,042
  • Aug 19, 2011 3:39am Aug 19, 2011 3:39am
Hi kostas1,

Which broker are you currently using?

cheers,
  • #6,043
  • Aug 19, 2011 3:55am Aug 19, 2011 3:55am
Quoting Whenever
For you KK07.

Look at the R/R now

Reason of entry: previous S/R and if I insert a lot of MAs I'll surely find one for the bounce off

(Or just lucky ? Probable).

News GBP in about 30 Min.
other than the SR for me its a coin toss.
MAs are flat still so its not choros, but a good observation and entry nevrtheless. R/R was good (although upside down in your chart).
i like being a smartass
  • #6,044
  • Aug 19, 2011 3:57am Aug 19, 2011 3:57am
Quoting kk007
Hi Buddy,

I find your SL, for example, was -59pip on the first row of your statement.
Ok ok, if you don't use it, it is ok. I misunderstood you allow a huge SL for small profit.

Well done! I think you are doing extremely well then.

cheers,
kk007, its the other way around, SL should be on top, entry below, and exit the last one down.
he took a short, not a long ;0
  • #6,045
  • Aug 19, 2011 4:27am Aug 19, 2011 4:27am
Quoting asos101
kk007, its the other way around, SL should be on top, entry below, and exit the last one down.
he took a short, not a long ;0
I am talking about the statement not the chart.
  • #6,046
  • Aug 19, 2011 5:48am Aug 19, 2011 5:48am
Thanks for enlighting the details and correcting me.
Quoting asos101
your 4 possible entries look ok at first glance but..
1st one is not a pullback to the 10ema so you would have a hard time finding that touch in realtime as the MAs move with price.
This is very true, because the MAs dance with the price And, I always find it difficult to enter. Now, I know how to differentiate it.

Quoting asos101
3rd is the third bar but it would be ok if you took it after the reaction (on its way down). another consideration here is that the reaction area was only 5 pips away.
If I follow the guidelines, I will have to wait until the price moves to the trend direction for 15 pips or more.

Quoting asos101
BUT, and this is a big BUT...
i see the 35/50 are flat, so 10 touches without a decent angle (trend) of 35/50 are no valid (by the rules) trades.
then i measured in the chart the range in your image is only 50 pips, and this makes it quite clear that the pair is ranging rather tightly.
and last, if you zoom out a bit you will see that the pair is slowly drifting down with the movement the last few days being sideways in what? 50 pips daily range?
Yes, the 35/40 lines are flat and invalid based on the rules. I also realized the range is around 50 pips, which doesn't give me good trading opportunities. I will find another pair to trade. I haven't explored the constrainments yet. This is something, I will read more this weekend.

Thanks again
Prefer Price Action Method!
  • #6,047
  • Aug 19, 2011 6:35am Aug 19, 2011 6:35am
Hello, is there any way of changing the time frame of all the charts at once?
Eg. i have 9 currency pairs charts open and i want to view the M15 of all of them and then i want to view the H1 of all of them at a go, not by selecting each one and changing the time frame every time?
'To get something you never had, you have to do something you never did.'
  • #6,048
  • Aug 19, 2011 7:16am Aug 19, 2011 7:16am
Quoting crazzzzzy
Hello, is there any way of changing the time frame of all the charts at once?
Eg. i have 9 currency pairs charts open and i want to view the M15 of all of them and then i want to view the H1 of all of them at a go, not by selecting each one and changing the time frame every time?
Put in scripts folder.
Attached File(s)
File Type: mq4 ChgTF-All.mq4   2 KB | 473 downloads
  • #6,049
  • Aug 19, 2011 7:58am Aug 19, 2011 7:58am
Quoting kostas1
Put in scripts folder.

how should i use it? i tried changing the time frame but it only changes for 1 currency like before. and there is a value 5 in it. am i suppose to leave everything like it is?
'To get something you never had, you have to do something you never did.'
  • #6,050
  • Aug 19, 2011 8:56am Aug 19, 2011 8:56am
Quoting yameen.forex
If I follow the guidelines, I will have to wait until the price moves to the trend direction for 15 pips or more.
for the 3rd trade,
i was refering to the recent reaction at the bottom before the price moved up to meet the MA, going short near the area that the price has reacted before is not such a good idea. maybe if the price broke that area you could expect a further move below it, but then the price would be rather far from when it originaly reacted and it would be very risky.
anyway, thats just my thoughts on it.
keep posting and we can all learn.
  • #6,051
  • Aug 19, 2011 8:58am Aug 19, 2011 8:58am
Quoting kk007
I am talking about the statement not the chart.
oops, i see. sorry m8, i thought you were refering on the chart somehow.
  • #6,052
  • Aug 19, 2011 9:37am Aug 19, 2011 9:37am
Quoting crazzzzzy
how should i use it? i tried changing the time frame but it only changes for 1 currency like before. and there is a value 5 in it. am i suppose to leave everything like it is?
It works perfectly. Allow DLL calls. When you run the script it converts everything to the value (value=5 converts everything to M5).
  • #6,053
  • Aug 19, 2011 9:40am Aug 19, 2011 9:40am
Quoting kostas1
It works perfectly. Allow DLL calls. When you run the script it converts everything to the value (value=5 converts everything to M5).
Hi kostas1,

Mind telling me your current broker?

cheers,
  • #6,054
  • Aug 19, 2011 10:08am Aug 19, 2011 10:08am
Quoting kostas1
It works perfectly. Allow DLL calls. When you run the script it converts everything to the value (value=5 converts everything to M5).

Perfectttttt Thankyou Kostas.
'To get something you never had, you have to do something you never did.'
  • #6,055
  • Aug 19, 2011 10:58am Aug 19, 2011 10:58am
Quoting kk007
Hi kostas1,

Mind telling me your current broker?

cheers,
FXPro. Seriously considering FXPro ECN, if they implement fixed scale charts.
  • #6,056
  • Aug 19, 2011 11:07am Aug 19, 2011 11:07am
Quoting kostas1
FXPro. Seriously considering FXPro ECN, if they implement fixed scale charts.
Thanks, still FxPro.
cheers,
  • #6,057
  • Aug 19, 2011 11:13am Aug 19, 2011 11:13am
Thanks for your comment, tonny.

Deadline? I don't how to define a time...

For each step in my journey, I set a deadline, cannot achieve, delay the deadline, still cannot achieve, delay again....

I think the stage of taking only AAA will come naturally, after (not before) my discretionary ability completely mature.


Quoting tonny47
very true when you said you find it great learning from your mistakes and substandard trades. i felt the same way. however, i think you should set yourself a deadline from when you will only take AAA trades.

i was trading for a firm for about half a year (completely different way to trade than i am trading now) and vast majority of traders who made money there were very selective.

thats just my experience - you need to do whatever works for you
  • #6,058
  • Aug 19, 2011 12:14pm Aug 19, 2011 12:14pm
Quoting crazzzzzy
Hello, is there any way of changing the time frame of all the charts at once?
Eg. i have 9 currency pairs charts open and i want to view the M15 of all of them and then i want to view the H1 of all of them at a go, not by selecting each one and changing the time frame every time?
Alternatively you can use the "Profile" feature of MT4 and save a profile of each time frame that you want to view. It's in the "File..." menu.
Hindsight is 20/20
  • #6,059
  • Aug 19, 2011 12:23pm Aug 19, 2011 12:23pm
Quoting Binyamin
Do you think Choros works on other markets like futures and shares?
as far as i know euro/usd futures for example trade below the spot price (or what we see on our spread betting account) depending how far they are to expiry date. hence the you couldnt really trade focusing on round numbers i think. in terms of moving averages, it should be the same.

i dont see why would you trade futures (particularly in UK and some other countries) when spread betting is tax free.

no clue about shares
  • #6,060
  • Aug 19, 2011 12:51pm Aug 19, 2011 12:51pm
Quoting tonny47
as far as i know euro/usd futures for example trade below the spot price (or what we see on our spread betting account) depending how far they are to expiry date. hence the you couldnt really trade focusing on round numbers i think. in terms of moving averages, it should be the same.
The futures trade lower than spot because there is no carry cost in futures. To get equivalent spot prices, you factor in the interest rates as seen at:

http://www.cmegroup.com/equivalents

and you'll get the spot price.

Quoting tonny47
i dont see why would you trade futures (particularly in UK and some other countries) when spread betting is tax free.
Hindsight is 20/20
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