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CHOROS Interactive

  • #1,061
  • Sep 6, 2011 3:47am Sep 6, 2011 3:47am
Quoting georgecv87
can anyone of you explain what is a GAP please...?
The gap between last friday close and this monday open
  • #1,062
  • Sep 6, 2011 3:47am Sep 6, 2011 3:47am
Quoting kostas1
????
If i may pitch in, master has a hidden ace up his sleeve- EXPERIENCE. that's how one gets right trades. no short cuts there IMHO.
Making money is easy- Just dont take losing trades
  • #1,063
  • Sep 6, 2011 3:54am Sep 6, 2011 3:54am
Quoting georgecv87
can anyone of you explain what is a GAP please...?
http://www.forexfactory.com/showthre...18#post4930818
  • #1,064
  • Sep 6, 2011 4:04am Sep 6, 2011 4:04am
Since we are talking about scooped-up trades, the EU H4 10 may provide a good long opportunity. Wait for M5 to show rejection at the H4 10 area and enter (you may see a fake bounce, retest of H4 10 and then the real move).
  • #1,065
  • Sep 6, 2011 4:19am Sep 6, 2011 4:19am
On the short side (if one dares to enter like that today), there is a very strong confluence of Daily 10/35/50, H4 35/50/62, Weekly Pivot and Monthly Pivot. I guess if it turns there it will take a while (i.e. at least M15 rejection before entering)
  • #1,066
  • Sep 6, 2011 5:43am Sep 6, 2011 5:43am
looks like constrained at 10 EMa to me. but i am worried about todays large candles and more importantaly i am more than done for today. will see if i can scalp some cream off it. or else i would stay out
Making money is easy- Just dont take losing trades
  • #1,067
  • Edited 7:44am Sep 6, 2011 7:31am | Edited 7:44am
Quoting Survivor
Patient, my friend, is a great viertue in trading. In this case, I knew breakout wasnt coming till data anyway. However in most cases i have to sit like owl and watch prices till it moves. Of course, if you have read my previous posts, you would realize that "milking" the constrainment itself instead of waiting for breakout is sometimes a viable option. But in this case, movements were too small and spread was large. So i could do nothing but sit tight and wait for data. But it was worth every second of waiting. Wasn't it?
I understand and agree. Looks like I read the person whom I originally quoted wrong and thought that he said you called the move 15 minutes prior (which was incorrect), when really all he said was that the market moved 90p in 15 minutes (which was more or less correct).

After the SNB statements/intervention today I am cautious of taking a trade against that original move, but it looks like G/U is ripe for a touch trade short on the M15 E10 or M15 S35/E50 confluenced with H1 E10.
Hindsight is 20/20
  • #1,068
  • Sep 6, 2011 9:40am Sep 6, 2011 9:40am
Today was just another day and another milestone for me- i cashed 400+ ticks today. This is a first for me.As you all know, my previous best was +150 ticks.

Why i am posting it? Certainly not to blow my own trumpet. I have been humbled too often for that.

I am posting it to reinforce what clay says in manual- it is possible! I may sound impossible initially (i was struggling to remain BE a year back- and its all recorded here in choros thread). But if you persist with one system and learn it well, it works. Fortunately, there are many good teachers in FF. Never get disheartened and lose heart my friends. Just watch what masters like kostas are typing and learn from it.
Making money is easy- Just dont take losing trades
  • #1,069
  • Sep 6, 2011 9:41am Sep 6, 2011 9:41am
Quoting Survivor
looks like constrained at 10 EMa to me. but i am worried about todays large candles and more importantaly i am more than done for today. will see if i can scalp some cream off it. or else i would stay out

Wrong call.Fortunately, it was only -10 for me.
Making money is easy- Just dont take losing trades
  • #1,070
  • Sep 6, 2011 9:52am Sep 6, 2011 9:52am
Quoting Survivor
Today was just another day and another milestone for me- i cashed 400+ ticks today. Just watch what masters like kostas are typing and learn from it.


I am not sure who s the master here. I struggle to make 30-40p/day and Survivor get's 400.......
  • #1,071
  • Sep 6, 2011 9:54am Sep 6, 2011 9:54am
Quoting Survivor
Today was just another day and another milestone for me- i cashed 400+ ticks today. This is a first for me.As you all know, my previous best was +150 ticks.

Why i am posting it? Certainly not to blow my own trumpet. I have been humbled too often for that.

I am posting it to reinforce what clay says in manual- it is possible! I may sound impossible initially (i was struggling to remain BE a year back- and its all recorded here in choros thread). But if you persist with one system and learn it well, it works. Fortunately, there are many good...
sounds like you did rob a bank today
congradz my friend. it is as you say, stick with a proven system and make it your own, you certainly have done so and more.
needless to say its good to have you back in our company, we can learn a lot from your constrainmenst and comments in general.
i do miss a lot of the old gang and i wish we had more of them back to share their journey. too many to mention..
all the best
  • #1,072
  • Sep 6, 2011 9:56am Sep 6, 2011 9:56am
Quoting kostas1


I am not sure who s the master here. I struggle to make 30-40p/day and Survivor get's 400.......
do we get to vote?
  • #1,073
  • Sep 6, 2011 10:03am Sep 6, 2011 10:03am
Quoting asos101
do we get to vote?
kostas1

The USDCHF news gave Survivor 500+ today, if not this one, he is only BE today .
  • #1,074
  • Sep 6, 2011 10:10am Sep 6, 2011 10:10am
Quoting Survivor
Today was just another day and another milestone for me- i cashed 400+ ticks today. This is a first for me.As you all know, my previous best was +150 ticks.

Why i am posting it? Certainly not to blow my own trumpet. I have been humbled too often for that.

I am posting it to reinforce what clay says in manual- it is possible! I may sound impossible initially (i was struggling to remain BE a year back- and its all recorded here in choros thread). But if you persist with one system and learn it well, it works. Fortunately, there are many good teachers...
Thanks for posting encouragement here . I think this kind of posts need to repeat a lot and again and again... You know and as Clay said, how easy a person's confidence can completely loss after a few losers..
  • #1,075
  • Sep 6, 2011 10:34am Sep 6, 2011 10:34am
Quoting kk007
Thanks for posting encouragement here . I think this kind of posts need to repeat a lot and again and again... You know and as Clay said, how easy a person's confidence can completely loss after a few losers..
True. I'm not confident in 90% trades, always doubt, always see other opposite perspective. One more problem is that I don't feel that I'm learning... I read masters posts every day, I demo trade every day, but it feels like I'm trying to see something and I still don't fully understand what I'm trying to see, but when I see that others became or are becoming successful I at least can envy them
  • #1,076
  • Sep 6, 2011 10:57am Sep 6, 2011 10:57am
Quoting kostas1


I am not sure who s the master here. I struggle to make 30-40p/day and Survivor get's 400.......
You embarrass me kostas

Quoting asos101
i do miss a lot of the old gang and i wish we had more of them back to share their journey. too many to mention..
all the best

Learning trading is a journey that one never forgets. And the old mates in that journey are always friend. Thats why i keep coming back here.

Quoting kk007
kostas1

The USDCHF news gave Survivor 500+ today, if not this one, he is only BE today .
hehehehe- just for record, USDCHF was only 200, other 200 came from EU and GU

Quoting messiahua
... I read masters posts every day, I demo trade every day, but it feels like I'm trying to see something and I still don't fully understand what I'm trying to see, but when I see that others became or are becoming successful I at least can envy them
Keep it up. Remeber when i was struglling i asked you how i asked you if this system is worth a try?
Making money is easy- Just dont take losing trades
  • #1,077
  • Sep 6, 2011 1:34pm Sep 6, 2011 1:34pm
Hi dear All,

what about this level for a potential short ?

London is closed, US nearly too, so very slow moves for the moment, but during the European Session, with stronger activity that could have been a nice level to look for a trade.

Previous S/R, 35/50 on M15, 2 bars on H1 to the Ema10, Daily S1...
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  • #1,078
  • Sep 6, 2011 8:41pm Sep 6, 2011 8:41pm
EURUSD to SHORT

Possible retrace to H1 35 in confluence with H4 10 and Daily Pivot.
  • #1,079
  • Edited 11:52pm Sep 6, 2011 11:34pm | Edited 11:52pm
Quoting messiahua
True. I'm not confident in 90% trades, always doubt, always see other opposite perspective. One more problem is that I don't feel that I'm learning... I read masters posts every day, I demo trade every day, but it feels like I'm trying to see something and I still don't fully understand what I'm trying to see, but when I see that others became or are becoming successful I at least can envy them

Firstly congrats to Kostas and Survival. I made a few hundred pips too but that is with a stoploss of 115 pips from the daily chart placed a few days ago(not choros). You guys are pulling it off with a SL of probably 15. Which is a R:R of astronomical proportions!

messiahua, I don't know if this will help, I started being consistent when I wait for multiple confirmations(divergence, bounce off S or R, trade direction have no S or R in its way and trend lines) which means a lot less trades and I also consider well the previous price action which also include fibs. I am also taking choros signal but with a buy/sell stop order after a price action like bullish/bearish engulfing, double top/bottom and pin bars for extra confirmations. Yeah I take a lot less trades and miss some good ones but I increase my win rate dramatically. The constrainment trade is the only trade I dare take 100% by the rule.... (not saying others are bad, I have just no talent in them)
Riding the order flow
  • #1,080
  • Sep 7, 2011 1:14am Sep 7, 2011 1:14am
Thank you Kosta and Survivor for posting your results. It is very encouraging for those of us who are struggling to win consistently. Please keep it up despite that it may make you feel like you are blowing your own trumpet.
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