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CHOROS Interactive

  • #1,401
  • Sep 21, 2011 1:04am Sep 21, 2011 1:04am
Quoting iForex
What does DP stand for?
thanks
daily pivot
Riding the order flow
  • #1,402
  • Sep 21, 2011 1:37am Sep 21, 2011 1:37am
GBP going crazy, anyone riding that? (not me)
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  • #1,403
  • Sep 21, 2011 1:42am Sep 21, 2011 1:42am
I missed that ride, but I'm waiting for touch trade
  • #1,404
  • Sep 21, 2011 1:57am Sep 21, 2011 1:57am
Wow!! touch trades on Eu worked like magic. I entered long at 1.3650 and already 25 pips up.
  • #1,405
  • Sep 21, 2011 2:00am Sep 21, 2011 2:00am
Quoting Abzozo1
Wow!! touch trades on Eu worked like magic. I entered long at 1.3650 and already 25 pips up.
My SL for -10pip stopped out.
  • #1,406
  • Sep 21, 2011 2:01am Sep 21, 2011 2:01am
Quoting Abzozo1
Wow!! touch trades on Eu worked like magic. I entered long at 1.3650 and already 25 pips up.
you just entered at the RN? there wasnt an MA touch near.
not a dance/choros trade really.
i took it as well, but not as choros trade.
  • #1,407
  • Sep 21, 2011 2:02am Sep 21, 2011 2:02am
Quoting asos101
you just entered at the RN? there wasnt an MA touch near.
not a dance/choros trade really.
i took it as well, but not as choros trade.
Have you read through the Dance thread????
  • #1,408
  • Sep 21, 2011 2:05am Sep 21, 2011 2:05am
I dont get it kk007, why were u stopped? Did you enter another short?
  • #1,409
  • Sep 21, 2011 2:05am Sep 21, 2011 2:05am
Quoting kk007
Have you read through the Dance thread????
yep, does it say to take single RN touches anywhere?
i may have missed it.
  • #1,410
  • Sep 21, 2011 2:10am Sep 21, 2011 2:10am
I don't think taking that trade was by the rule. Touch doesn't exist in flat MA.
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  • #1,411
  • Sep 21, 2011 2:17am Sep 21, 2011 2:17am
Quoting asos101
yep, does it say to take single RN touches anywhere?
i may have missed it.
Yeah if i remember correctly taking touches at RN is valid.
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  • #1,412
  • Sep 21, 2011 2:24am Sep 21, 2011 2:24am
Quoting Binyamin
Yeah if i remember correctly taking touches at RN is valid.
and how many times do they work on their own (if they dont confluence with an MA)?
  • #1,413
  • Edited 3:04am Sep 21, 2011 2:47am | Edited 3:04am
Quoting asos101
and how many times do they work on their own (if they dont confluence with an MA)?
On the charts, I saw Clay just took whether single line to trade and usually win. This seems completely impossible to achieve.


EDIT: See for example:- http://www.forexfactory.com/showthre...50#post3592150
  • #1,414
  • Sep 21, 2011 2:54am Sep 21, 2011 2:54am
GU, GJ and EJ 15M MA are becoming steep and parallel. But not so the H1. We might start getting good setups latter.
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  • #1,415
  • Sep 21, 2011 3:24am Sep 21, 2011 3:24am
Quoting kk007
On the charts, I saw Clay just took whether single line to trade and usually win. This seems completely impossible to achieve.


EDIT: See for example:- http://www.forexfactory.com/showthre...50#post3592150

there he takes the M15 10 touch in CONFLUENCE with the RN, at least thats my take on it.
ah, hell.. i miss Clay.
  • #1,416
  • Sep 21, 2011 3:33am Sep 21, 2011 3:33am
Quoting asos101
there he takes the M15 10 touch in CONFLUENCE with the RN, at least thats my take on it.
ah, hell.. i miss Clay.
You better read the post again :>.

EDIT:
Just another example if interested: http://www.forexfactory.com/showthre...56#post3611856
I tried to do the same thing, but usually failed.... even in hindsight, I can't see an edge in doing so.. (to be honest)
Endroute, can you help me please?
  • #1,417
  • Sep 21, 2011 6:15am Sep 21, 2011 6:15am
Quoting kk007
You better read the post again :>.

EDIT:
Just another example if interested: http://www.forexfactory.com/showthre...56#post3611856
I tried to do the same thing, but usually failed.... even in hindsight, I can't see an edge in doing so.. (to be honest)
Endroute, can you help me please?
Why don't you stop taking trades that haven't been working for you even though some people say it works, if touch don't work for you it won't work no matter how many times you try. Keep trying something else until you find one that work consistently, if it doesn't work you can't force it to work.
Riding the order flow
  • #1,418
  • Sep 21, 2011 6:37am Sep 21, 2011 6:37am
Quoting kk007
You better read the post again :>.

EDIT:
Just another example if interested: http://www.forexfactory.com/showthre...56#post3611856
I tried to do the same thing, but usually failed.... even in hindsight, I can't see an edge in doing so.. (to be honest)
Endroute, can you help me please?
i wont keep this up much longer, but i will comment on that post above.
in the example you have above i dont think even Clay would call it a pure Dance trade, rather a price action one.
MY take on HIS post is that: he wanted to enter ANYWAY in the direction of the recent trend, that is to follow the M15 10 going down.
his entry was not good, trading contra the pin is not a good idea. but his justification is that the RN was recentrly broken, and the pin didnt close above the RN, and lastly that the M15 10 was close by and his SL would be above the recent low at the left. for me it was a 50/50 call as the long wicks of the pin and the previous bar would imply resistance lower. but he made up his mind, entered with A PLAN and thats the story for me.

in order to stop the dispute if a trade off the RN ALONE is a choros/dance trade i will say 2 things.
1. Clay did take a lot of trades that didnt fit in the manual. he trades a lot by feel and he created the Dance to put his "feel" in some formula.
2. for me the dance trades are 3, the Touch, the Constrainment, and the Bounce of which i think more of something like in between the first two.

and as a last word, just keep in mind that the last month its a shitty market we are trying to trade. Dance/Choros is not created for this short of market conditions and very few days are clear (and even them are usualy clouded by unscheduled news).

lately i come to think that, more important than knowing How to trade is to know WHEN to trade.

anyway, these are just my thoughts and i hope i dont cause more dispute and trouble. i have no grudge with anyone.
  • #1,419
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
Is this a constrainment forming on the EMA 200 on M 15?

Time to go short?
  • #1,420
  • Sep 21, 2011 7:20am Sep 21, 2011 7:20am
Quoting asos101

lately i come to think that, more important than knowing How to trade is to know WHEN to trade.
Just now there was some USD news about 20 min ago and I committed a cardinal sin by staying in a trade(GBPUSD) during the news..... Lucky me again I managed to come out at BE. I have to be more careful next time because it was close to taking out my SL for a full lost
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