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CHOROS Interactive

  • #1,381
  • Sep 20, 2011 2:03am Sep 20, 2011 2:03am
EURJPY: H1.E10 Constrainment, but double bottom.
  • #1,382
  • Sep 20, 2011 2:05am Sep 20, 2011 2:05am
looking for shorts around the daily pivot confluenced with h4 10 and 1hr 10
  • #1,383
  • Sep 20, 2011 2:15am Sep 20, 2011 2:15am
Quoting georgecv87
gu 1hr 35sma confluenced with RN1.57000
Anyone got something from it?
  • #1,384
  • Edited 4:53am Sep 20, 2011 4:14am | Edited 4:53am
looks like a possible reversal is forming in GU, i would wait for the M15 10 to cross below all other MAs and take the M5 retest (pin or so).
too early anyway.

edit: it didnt play out nicely. took the H4 10 touch instead. lets see..
edit2 : nah, blew through.
  • #1,385
  • Edited 5:26am Sep 20, 2011 4:14am | Edited 5:26am
EURUSD H1.E50 constrainment

EDIT: It should have been GBPUSD
  • #1,386
  • Sep 20, 2011 4:19am Sep 20, 2011 4:19am
Quoting kk007
EURUSD H1.E50 constrainment
more likely an H4 10 reaction than anything else.
  • #1,387
  • Sep 20, 2011 4:24am Sep 20, 2011 4:24am
Quoting asos101
more likely an H4 10 reaction than anything else.
price reacted to both H4.E10 and H1.E50
  • #1,388
  • Edited 6:14am Sep 20, 2011 5:20am | Edited 6:14am
Dear Survivor,

Thank you very much for this post.
What you said is

1. Master one strategy at a time.
2. Analysis each trade taken thoroghly before going to the next.

This sounds a good approach.
Let me take time to think about your advice

Thanks again.
cheers,

kk007


EDIT: If not the people on these threads, I may have lost faith and given up many times.

EDIT: By the way, how can one get a doctorial title on trading?


Quoting Survivor
Hey kk, with whatever i have read in your posts you seem to be an intelligent trader. you are right about taking breaks-- they dont help. at least breaks never helped me.

what i suggest is start demo trading and spending time with back tester! I did that when i was at absolute bottom and am much better off now. what i did is this. i took 2 days break and went to an isolated resort. i decided to absolutely master one trade (i began with constrainment by choice). then apart from 12 hours of sleep, i spent every minute of those 48 hours staring at...
  • #1,389
  • Sep 20, 2011 5:27am Sep 20, 2011 5:27am
EURJPY: H1.E50 constrainment
  • #1,390
  • Sep 20, 2011 5:39am Sep 20, 2011 5:39am
Quoting kk007
EURJPY: H1.E50 constrainment
That is a constrainment?
Riding the order flow
  • #1,391
  • Sep 20, 2011 5:42am Sep 20, 2011 5:42am
Quoting Binyamin
That is a constrainment?
3 touched and closed under.
Attached Image
  • #1,392
  • Sep 20, 2011 6:39am Sep 20, 2011 6:39am
I want to start off by saying that I am no master at anything, I have just been doing this long enough and have enough battle scars and know what worked for me, this does not mean it works for everybody. I know I don't post much anymore but I wanted to take the time to point out that what kk007 is experiencing is something we all have either gone through or will go through. Trading is hard, trading is subjective, and is psychologically very challenging because you are working your own fears and desires. Everyone wants to make it so bad, but few do, it is those that persist through thick and thin that typically see their goals realized. So with that said how do you take a system like Choros or any system and make it successful.

Step 1: Right NOW stop worrying about trying to build your account, stop trying to accumulate x pips per day, just STOP

Step 2: break down the system into its components setups / trade management / exits

Step 3: focus in demo on a single type of entry, don't worry about ANYTHING ELSE, just get good entries and become and expert at this

Step 4: Now take what you did in step 2 and apply trade management / a single exit strategy - get good and consistent with this to the point you are consistently gaining more than you are loosing. + pips are good

Step 5: Take what you have mastered so far and move it to a live account that you only risk a couple hundred of whatever your base currency is and trade with 1% or less risk. Grow your account!!!!.

Step 6: repeat steps 2-4 with additional entry and exit strategies and once you get good with them start using them in your live account.

Boys and girls this is journey it is sure as hell not a race.
  • #1,393
  • Sep 20, 2011 8:01am Sep 20, 2011 8:01am
Potential constrainment forming on the H4 35
  • #1,394
  • Sep 20, 2011 8:22am Sep 20, 2011 8:22am
Quoting endroute
I want to start off by saying that I am no master at anything, I have just been doing this long enough and have enough battle scars and know what worked for me, this does not mean it works for everybody.
Thanks endroute. It is always good to hear from the veterans.
Riding the order flow
  • #1,395
  • Sep 20, 2011 8:29am Sep 20, 2011 8:29am
EU M15 35/50, DP, H1 10 - i'm in currently
Edit: my tight SL hit - -5 pips :|
  • #1,396
  • Sep 20, 2011 10:21am Sep 20, 2011 10:21am
Thanks a lot Endroute,

I know you don't post much on this forum anymore. So, I feel honour to have your attention. Seems that I have owned a lot of people here.

Your advice is very good. I am basic trying to do what you said. But it is good that it is spoken from you. This is a boost of my morale.

Sincerely,
kk007


Quoting endroute
I want to start off by saying that I am no master at anything, I have just been doing this long enough and have enough battle scars and know what worked for me, this does not mean it works for everybody. I know I don't post much anymore but I wanted to take the time to point out that what kk007 is experiencing is something we all have either gone through or will go through. Trading is hard, trading is subjective, and is psychologically very challenging because you are working your own fears and desires. Everyone wants to make it so bad, but...
  • #1,397
  • Sep 20, 2011 7:56pm Sep 20, 2011 7:56pm
Quoting messiahua
EU M15 35/50, DP, H1 10 - i'm in currently
Edit: my tight SL hit - -5 pips :|
I have checked this. I may have lost with this one too. Seems so many failed setups recently.
  • #1,398
  • Sep 21, 2011 2:11am Sep 21, 2011 2:11am
I am in that one...already cost free with milking. lets see.
Making money is easy- Just dont take losing trades
  • #1,399
  • Sep 21, 2011 2:14am Sep 21, 2011 2:14am
Quoting Survivor
I am in that one...already cost free with milking. lets see.
Hi Survivor,

Would you mind telling how are you performing recently?
And do you trade you developed method more or choros more?

cheers,
kk007
  • #1,400
  • Sep 21, 2011 2:48am Sep 21, 2011 2:48am
Quoting kk007
I have checked this. I may have lost with this one too. Seems so many failed setups recently.
What does DP stand for?
thanks
Dancing with Candlesticks
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