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Attachments: CHOROS System
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CHOROS System

  • #6,481
  • Sep 20, 2011 12:03am Sep 20, 2011 12:03am
On what symbols I can use this system to get best results?
  • #6,482
  • Sep 20, 2011 12:48am Sep 20, 2011 12:48am
Quoting Markin
On what symbols I can use this system to get best results?
Has been answered in the manual.
Riding the order flow
  • #6,483
  • Sep 20, 2011 1:11am Sep 20, 2011 1:11am
Quoting Markin
On what symbols I can use this system to get best results?
start with blondes and work your way up to green eyes
  • #6,484
  • Sep 20, 2011 2:52am Sep 20, 2011 2:52am
Entered following this pinbar after price crossed DPP, RN, H1.S35 and reversed from H4.E10.... Why failed again???

2 losers today: -9 pip, -11 pip.

EDIT: I posted M5 chart for showing M5 PA, I am trading M15 or above.
Attached Image (click to enlarge)
Click to Enlarge Name: report.gif Size: 23 KB
  • #6,485
  • Sep 20, 2011 3:17am Sep 20, 2011 3:17am
Quoting kk007
Entered following this pinbar after price crossed DPP, RN, H1.S35 and reversed from H4.E10.... Why failed again???

2 losers today: -9 pip, -11 pip.

EDIT: I posted M5 chart for showing M5 PA, I am trading M15 or above.
+10 pips beautiful pinbar @ H1.E50, entered on retracement.

2 losers, 1 winner today: -9p, -11p, +10p
Attached Image
  • #6,486
  • Sep 20, 2011 3:18am Sep 20, 2011 3:18am
Quoting kk007
Entered following this pinbar after price crossed DPP, RN, H1.S35 and reversed from H4.E10.... Why failed again???

2 losers today: -9 pip, -11 pip.

EDIT: I posted M5 chart for showing M5 PA, I am trading M15 or above.
the above image is not clear, try to post both M15 and M5 charts.
  • #6,487
  • Sep 20, 2011 3:38am Sep 20, 2011 3:38am
Quoting asos101
the above image is not clear, try to post both M15 and M5 charts.
This is the M15 chart
Attached Image
  • #6,488
  • Sep 20, 2011 3:53am Sep 20, 2011 3:53am
Quoting kk007
This is the M15 chart
so this is not a losing chart, i thought you were posting a loser there and wanted comments.
  • #6,489
  • Sep 20, 2011 3:56am Sep 20, 2011 3:56am
Dear Whenever,

Many thanks for you long post. Perhaps, longest one I have seen :>. About timeframe, I am actually usually trade M15 MA. I posted M5 chart only because I can show the M5 PA. I have a different template from Clay. And I switch between TF to confirm a trade.

I don't want to trade H1 chart, because I want to trade choros, and M15 is the standard TF here. Ok, I think from now on, I should post chart of different TFs.

The material you shared with me is very good. Let me spend more time to think about them

Wishes,

kk007




Quoting Whenever
Dear KK007,

this will be a long post for an appreciated fellow trader, and probably many will just jump on the next post because this is too long (I would probably do the same)

given that :

1) I am faaaar away from judging anybody, for the still small experience I think to have

2) I always (firstly) speak to myself too when giving any advice or opinion

3) from your posts it is clear that you HAVE a good technical knowledge of what your handling with, and it makes me somehow "angry" to see that a knowledge like yours is living a moment...
  • #6,490
  • Sep 20, 2011 6:10am Sep 20, 2011 6:10am
EURJPY H1.E50 constrainment +12 pip. Was it a good setup?????? (Shorted at the red arrow on M5 chart, SL=-10pip just above the highest on the M5 chart)

Posted MTF charts:
Attached Image (click to enlarge)
Click to Enlarge Name: report.gif Size: 50 KB
  • #6,491
  • Sep 20, 2011 7:00am Sep 20, 2011 7:00am
Quoting asos101
start with blondes and work your way up to green eyes



And be aware to see them yourself and not only hearing about them.

Even better if you Touch them !

(of course just for fun Markin, not about your question)
  • #6,492
  • Sep 20, 2011 7:06am Sep 20, 2011 7:06am
Quoting Binyamin
Forgive my crudeness, I am still young and silly.
No problem at all Binyamin.
I understand your comparison.

Yours would not be my same choice's criterion, but I believe that this thread is open to any pertinent civil discussion.
And yours was both pertinent and civil.

BTW Trading and Life have really a lot of analogies...
  • #6,493
  • Sep 20, 2011 8:26am Sep 20, 2011 8:26am
Quoting Markin
On what symbols I can use this system to get best results?
Hey there the best thing to do is to backtest for yourself because everyone have different ways of trading the same thing, hence different results. All the best. Since most of us trade EURUSD and GBPUSD you can trade those to be in sync with us.
Riding the order flow
  • #6,494
  • Sep 21, 2011 6:12am Sep 21, 2011 6:12am
Hey kostas1,

I have a question about your trading of both EURUSD and GBPUSD.

You have been trading only GBP for a long time. Not very long ago you trade also EURUSD. Is there really any big difference between them. Would you be still against trading more than 1 pair for newbies?

cheers,

kk007
  • #6,495
  • Sep 21, 2011 8:33am Sep 21, 2011 8:33am
Hi,

I have been observing the PA based on dance rules. I have a question in my mind. I would be happy to see comments.

When I was looking at the Point C (marked in the attachment), the entry was meeting the rules, but then the pin bar formed (previous 1 bar). In this case, the price may go north like Point A? In H1 also the pin bar was forming and bulls were in control.

Would you guys take the entry with confidence based on rules? If yes/no, please comment?

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-21-2011 7-44-10 PM.jpg Size: 176 KB
Prefer Price Action Method!
  • #6,496
  • Sep 21, 2011 8:51am Sep 21, 2011 8:51am
Quoting yameen.forex
Hi,

I have been observing the PA based on dance rules. I have a question in my mind. I would be happy to see comments.

When I was looking at the Point C (marked in the attachment), the entry was meeting the rules, but then the pin bar formed (previous 1 bar). In this case, the price may go north like Point A? In H1 also the pin bar was forming and bulls were in control.

Would you guys take the entry with confidence based on rules? If yes/no, please comment?

Cheers.
No
Riding the order flow
  • #6,497
  • Sep 21, 2011 8:54am Sep 21, 2011 8:54am
Quoting yameen.forex
Hi,

I have been observing the PA based on dance rules. I have a question in my mind. I would be happy to see comments.

When I was looking at the Point C (marked in the attachment), the entry was meeting the rules, but then the pin bar formed (previous 1 bar). In this case, the price may go north like Point A? In H1 also the pin bar was forming and bulls were in control.

Would you guys take the entry with confidence based on rules? If yes/no, please comment?

Cheers.
look what Clay did as we were discussing today in the interactive with kk007
Clays post: http://www.forexfactory.com/showthre...56#post3611856
my view today after kk007 question: http://www.forexfactory.com/showthre...01#post4973601
in not exactly the same but similar pin situation.
  • #6,498
  • Sep 21, 2011 9:15am Sep 21, 2011 9:15am
Quoting Binyamin
No
The price went more south even after the pin bar. Damn!!!

Edit: I also wouldn't trade because it reversed from the RN and formed pin bar.
Edit: Usually, am very reluctant to make entry near RN.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-21-2011 10-11-41 PM.jpg Size: 163 KB
Prefer Price Action Method!
  • #6,499
  • Sep 21, 2011 9:47am Sep 21, 2011 9:47am
Quoting yameen.forex
The price went more south even after the pin bar. Damn!!!

Edit: I also wouldn't trade because it reversed from the RN and formed pin bar.
Edit: Usually, am very reluctant to make entry near RN.
Perhaps what went wrong was that you were trading against the trend. IMO most pins that are placed rightly usually work but it will be better if it is traded with the trend. In my case I use PA to trade Choros.
Riding the order flow
  • #6,500
  • Sep 21, 2011 9:56am Sep 21, 2011 9:56am
Quoting kk007
1. Is there really any big difference between them.
2. Would you be still against trading more than 1 pair for newbies?
1. YES
2. YES
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