CHOROS System

You're welcome, guys. Darkforce, that's another great way to see at a glance each TF's MAs. For me it works better with one color per TF.

Yes, it works live, too. Actually the bigger challenge is usually whether it will work in the tester. Some indis do and some don't. Some look like they work in the tester, then behave differently on a live chart.

It's almost like it has a mind of its own...like it's...ALIVE!
(insert scary movie noises here)

Jack

Hi all,

I'm trying to use bigtent's script ( posted in feb 11) but it isn't working....
It don't open positions...
What I'm doing wrong?

Thanks.

hi,

are you using it on demo account? i am not using the script but i think some of the scripts posted on the thread work only on live account.

Yes.
He recomend try demo first.
I'll try live.

Eurusd : M15 35 // rn1.30 // h1 10

Mick - I'm looking at that, too, but I'd definitely want price action to confirm a turnaround down there. This pair opened gap down, then ran up to almost the high for the year so far - choppy, what? Plus, it's about 50 or 60 pips beyond its average daily range.
In other words, they may just sell the hell out of it now, and NOT bounce off that 35 MA.
Just a thought.

Jack

Sure, It was already difficult enough to buy that pair at 1.2915 so..wait and see

I just accidentally took a look at the 5min chart on this. Interesting, in that it's on the downside, and basically flatlined for the last 8 or 9 periods.

Mick - If you're still just looking at this, that last 15min candle could be sort of a hammer up...or not. I just have some serious doubts about Eur/usd moving back up to challenge its highs on the day. Aud/usd and Gbp/usd don't seem to be inclined that way. Probably possible to pick up some pips, but if I were long from anywhere down here, I'd likely be looking to just take a quick profit around 1.3025 to 1.3030. I'd immediately move my stop to breakeven if it just clears 1.3020. But if the current 15min candle doesn't make a new high over the immediately previous candle, I'd be leery about being long. That 10EMA could end up acting as upside resistance now.

Nice to have the benefit of your experience.As a new dancer, it was not that obvious to be careful and not to pay the 35 MA each time the Price touch it.
Thank you a lot to explain that precisely your point of view.
Have a lot of green pips.

Hello everybody, i just would like to know if someone has already create a PDF version of the DanceTOC.doc of Kostas on the first post ? thanks

Here it is.

Vital

Wow it was quick, thank you very much Sir for your help, it s really appreciated !

happypipin

http://www.doc2pdf.net/fr/#convert

EURUSD Short ?

It helps my trading significantly to trade multiple lots. Although I often trade multiple lots when I initiate a trade, I also favor picking up additional lots after initial entry. One rarely enters a market at THE best possible point, and adding positions after initial entry is one way to improve one's overall position. For example, this morning I sold Gbp/usd at 1.55800. Sure enough, that wasn't the best possible spot I could have gotten in, and shortly thereafter the market traded up to around 1.55900. Since the scenario for my initial trade hadn't been violated, I added a second position at 1.55880, which gave me an average entry price of 1.55840. Plus, since I ran the same stop on the second position as I was running on the first, I had even less at risk on the second position (I think my initial stop on that was barely 6 pips away from my entry, whereas I'd been risking about 15 pips on my initial position).

Having multiple positions from different entry points also gives me greater flexibility on exiting positions. If, for example, the market moves slightly in my favor, but then appears to stall and looks like it might be rolling back against me, I might go ahead and take profits on one position, and hold the other one. If I take a nice profit on the position I closed, then sometimes even if the market moves back against me and stops out my original trade at a loss, I still have an overall profit.
Example: Sold Gbp/usd at 1.55800, and then a bit later at 1.55880. Market moved down to around 1.55650, but then appeared to stall out and turn back to the upside. I took profits on my second position (1.55880) at 1.55710, for a 17-pip profit. I was subsequently stopped out on my initial position (1.55800) at 1.55920 (I'd moved the stop down a bit when the market moved down - it was originally at 1.55970), for a 12-pip loss. But overall, I still made a 5-pip profit. Whereas if I'd just stayed with my original entry position, I would have suffered a 12-pip loss - or at best, I might have moved my stop down to breakeven, or just chosen to exit at breakeven or breakeven+1. The second position, entered at a more favorable price, offered me flexibility that I was able to use to insure a profit even though the market never went more than 15 pips in my favor from the point of my original entry.

Just a thought.

Jack

Currently in on this trade: bounce off H4 50 and Daily R1.

It's against M15 and H1 uptrends but in line with H4 downtrend so I hope it will have some room to go.

Have moved to BE, now monitoring to see when I can exit. Hoping that this could be the top in the next move down for USDCAD.

Need to see what happens in EURUSD as well: should I be seeing an upward bounce off H1 50/62, or continuation of M15 downtrend bouncing off M15 10 and daily pivot?

Hi Jack,

How would you handle the increased risk from entering subsequent lots? Do you enter subsequent lots only for those trades whereby your initial entry allowed you to use a SL that implied a lower than usual risk per trade?

Wow thanks you very much Sir for this link , it will be very usefull !