CHOROS Interactive | Page 78 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS System 16,719 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Interactive Brokers and Metatrader 0 replies

Attachments: CHOROS Interactive
Exit Attachments

CHOROS Interactive

  • #1,541
  • Sep 27, 2011 10:44am Sep 27, 2011 10:44am
Quoting kk007
Didn't he take a 3-bar retracement touch trade???
Yes, touch on M15.10 + double bottom.
Prefer Price Action Method!
  • #1,542
  • Sep 27, 2011 10:51am Sep 27, 2011 10:51am
Quoting iero4
That's why I scalped 15.3 pips and exit . Usually after a touch of any MA in HTFs) there is a small retrace even if lower TFs show the opposite. This is my opinion.

Regards
This sounds very simple, but when I do the same thing, I usually fail.
  • #1,543
  • Sep 27, 2011 10:54am Sep 27, 2011 10:54am
Quoting yameen.forex
Yes, touch on M15.10 + double bottom.
o.k. then i think it is by-the-rule.
  • #1,544
  • Sep 27, 2011 10:59am Sep 27, 2011 10:59am
Quoting kk007
Didn't he take a 3-bar retracement touch trade???
Yes indeed, it was also the 2nd and maybe the 3rd touch of 10 ema but as I said, I pay more attention to what other time frames tell me
You are allowed to fall but you are imposed to get up!
  • #1,545
  • Sep 27, 2011 11:01am Sep 27, 2011 11:01am
Quoting iero4
Yes indeed, it was also the 2nd and maybe the 3rd touch of 10 ema but as I said, I pay more attention to what other time frames tell me
  • #1,546
  • Sep 27, 2011 11:05am Sep 27, 2011 11:05am
Quoting iero4
Yes indeed, it was also the 2nd and maybe the 3rd touch of 10 ema but as I said, I pay more attention to what other time frames tell me
It's a good practise to look at the other TF. To fine tune the entries, gain more pips and confirmation. When you have time, you might like to elaborate your observations further, other than the one you mentioned a while ago?
Prefer Price Action Method!
  • #1,547
  • Sep 27, 2011 11:13am Sep 27, 2011 11:13am
Quadruple [email protected] 3minutes ago on GU1m on 10MA
  • #1,548
  • Sep 27, 2011 10:25pm Sep 27, 2011 10:25pm
In EJ, EU, AU and AJ a daily pin bar formed. I will see if there are any good short opportunities in the lower TF in these pairs.
Riding the order flow
  • #1,549
  • Edited 12:42am Sep 28, 2011 12:38am | Edited 12:42am
Placed a short trade, when the previous daily bar was a pin bar. Price touched the Daily PP + 35SMA + 50EMA. I think, i entered a bit early. Should have really waited till I see the real touch. But, was afraid it may not touch. I have marked the entry bar with the down arrow.

This is not a tradable hours according to the rules, but I found the setup and entered. 9 Pips SL.

Comments please?

EDIT: Trade is going pretty slow. Maybe, this is the disadvantage of trading during EU/US non-business hours? As soon as, I gain >=9 pips, I will put the SL to BE. It would be RR 1:1.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-28-2011 1-32-18 PM.jpg Size: 145 KB
Prefer Price Action Method!
  • #1,550
  • Sep 28, 2011 12:56am Sep 28, 2011 12:56am
Quoting yameen.forex
Placed a short trade, when the previous daily bar was a pin bar. Price touched the Daily PP + 35SMA + 50EMA. I think, i entered a bit early. Should have really waited till I see the real touch. But, was afraid it may not touch. I have marked the entry bar with the down arrow.

This is not a tradable hours according to the rules, but I found the setup and entered. 9 Pips SL.

Comments please?

EDIT: Trade is going pretty slow. Maybe, this is the disadvantage of trading during EU/US non-business hours? As soon as, I gain >=9 pips, I will put the...
Constrainment??? Against which MA? Can't see it myself.
  • #1,551
  • Sep 28, 2011 12:58am Sep 28, 2011 12:58am
Quoting kk007
Constrainment??? Against which MA?
35SMA + 50EMA. Still in the trade, trailing using M5 bars.
Prefer Price Action Method!
  • #1,552
  • Sep 28, 2011 12:59am Sep 28, 2011 12:59am
Quoting yameen.forex
Placed a short trade, when the previous daily bar was a pin bar. Price touched the Daily PP + 35SMA + 50EMA. I think, i entered a bit early. Should have really waited till I see the real touch. But, was afraid it may not touch. I have marked the entry bar with the down arrow.

This is not a tradable hours according to the rules, but I found the setup and entered. 9 Pips SL.

Comments please?

EDIT: Trade is going pretty slow. Maybe, this is the disadvantage of trading during EU/US non-business hours? As soon as, I gain >=9 pips, I will put the...
In EU my daily is NOT a pinbar (H4 and Daily depend on broker time). But my Daily bar bounced from the EMA 10.
In any case there was a nice short opportunity at DP conluenced with H1 10, M15 35/50. I didn't take it waiting for London open.
What may work is the confluence at the RN 1.3550 confluenced with H4 10, H1 50/62. Don't forget that the WP is also around here (1.3560) and it WILL play a role in direction bias.
  • #1,553
  • Sep 28, 2011 1:01am Sep 28, 2011 1:01am
Quoting yameen.forex
35SMA + 50EMA. Still in the trade, trailing using M5 bars.
It is a touch/bounce trade to me.
  • #1,554
  • Sep 28, 2011 1:05am Sep 28, 2011 1:05am
Quoting kostas1
In EU my daily is NOT a pinbar (H4 and Daily depend on broker time). But my Daily bar bounced from the EMA 10.
In any case there was a nice short opportunity at DP conluenced with H1 10, M15 35/50. I didn't take it waiting for London open.
What may work is the confluence at the RN 1.3550 confluenced with H4 10, H1 50/62. Don't forget that the WP is also around here (1.3560) and it WILL play a role in direction bias.
Was trading against the previous H1.35/50 + H4.E10 + WPP @ 1.355 bounce up a good idea?

Sound too narrow a range to play ping-pong?
  • #1,555
  • Sep 28, 2011 1:10am Sep 28, 2011 1:10am
Quoting kk007
Was trading against the previous H1.35/50 + H4.E10 + WPP @ 1.355 bounce up a good idea?
You are correct if talking for a longer term trade. Don't forget that I am trying to scalp 10-15 pips at a time and shorting at the close of the 5:15 GMT M5 bar would give more than that.
Anyway, focus on the long trade I mentioned above....
  • #1,556
  • Sep 28, 2011 1:11am Sep 28, 2011 1:11am
EU: H4.E50 @ RN1.3600 (+ Monthy S3).
  • #1,557
  • Sep 28, 2011 1:11am Sep 28, 2011 1:11am
Quoting kostas1
You are correct if talking for a longer term trade. Don't forget that I am trying to scalp 10-15 pips at a time and shorting at the close of the 5:15 GMT M5 bar would give more than that.
Anyway, focus on the long trade I mentioned above....
Cheers, this help me to quantify a judgement.
  • #1,558
  • Sep 28, 2011 1:22am Sep 28, 2011 1:22am
Quoting kk007
It is a touch/bounce trade to me.
You are right!
Prefer Price Action Method!
  • #1,559
  • Sep 28, 2011 2:04am Sep 28, 2011 2:04am
Hi all,

I can't find any proper set up in any basic pair...have you noticed anything?
You are allowed to fall but you are imposed to get up!
  • #1,560
  • Sep 28, 2011 2:06am Sep 28, 2011 2:06am
Quoting iero4
Hi all,

I can't find any proper set up in any basic pair...have you noticed anything?
How about the two alerts above?
1 trader viewing now