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CHOROS System

  • #7,681
  • Jul 16, 2012 5:34am Jul 16, 2012 5:34am
Quoting Binyamin
Hehe I feel so lucky. If I was 20 seconds too late it would have stop me out. Price didn't quite touch GU 15M 10 though.

Only took out 4 pips.
Don't want to be rude but you were really lucky that you got your 4 pips. The general trend is bullish, so it was risky to take that.

Cheers
  • #7,682
  • Jul 16, 2012 5:59am Jul 16, 2012 5:59am
Quoting 2121
Don't want to be rude but you were really lucky that you got your 4 pips. The general trend is bullish, so it was risky to take that.

Cheers
On this I agree and I also differ a little in opinion. I am guessing that you think it is bullish because of the WP, DP and H4 10 confluence, ok I can agree with that. But GU have a habit of retesting this type of confluence multiple times which is conducive for a fast scalp. So I did. (I usually trade the 2nd test)

The market from the HTF to me is ranging neither bullish or bearish... But I will start shorting GU if it can get past the WP and DP.

PS: You weren't rude, I appreciate comments on my trades good or bad to learn =)
Riding the order flow
  • #7,683
  • Jul 16, 2012 6:07am Jul 16, 2012 6:07am
Quoting Binyamin
On this I agree and I also differ a little in opinion. I am guessing that you think it is bullish because of the WP, DP and H4 10 confluence, ok I can agree with that. But GU have a habit of retesting this type of confluence multiple times which is conducive for a fast scalp. So I did. (I usually trade the 2nd test)

The market from the HTF to me is ranging neither bullish or bearish... But I will start shorting GU if it can get past the WP and DP.

PS: You weren't rude, I appreciate comments on my trades good or bad to learn =)
Maybe, but have you looked to the H1 TF ? What mass of confluence there was when you were shorting.

Keeping my eyes on AUDUSD pair, seeing strong confluence there.
  • #7,684
  • Jul 16, 2012 8:29am Jul 16, 2012 8:29am
Today was a great day for gbpusd, pity I did not hold a signal, because my eyes are in eurusd
  • #7,685
  • Jul 16, 2012 8:30am Jul 16, 2012 8:30am
Hi guy's just want to know if this trade taken using choros system is
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 16 07 2012.gif Size: 25 KB
right



thanks
  • #7,686
  • Jul 16, 2012 8:55am Jul 16, 2012 8:55am
Quoting Tiwa
Hi guy's just want to know if this trade taken using choros system isAttachment right



thanks
Yes. But you should have better waited for M5 P/A rejection because 35 and 50 were not on top of each other.
  • #7,687
  • Jul 16, 2012 8:59am Jul 16, 2012 8:59am
Quoting 2121
Yes. But you should have better waited for M5 P/A rejection because 35 and 50 are not on top of each other.

Thanks
  • #7,688
  • Jul 16, 2012 9:14am Jul 16, 2012 9:14am
Quoting Tiwa
Hi guy's just want to know if this trade taken using choros system isAttachment right



thanks
I don't trade EJ but I would have taken this trade. It was the first rejection of the 35/50, so with M5 signaling rejection I would short it right there.
  • #7,689
  • Jul 16, 2012 9:22am Jul 16, 2012 9:22am
Hey Kostas, could you comment today's EU 2-bar retracement to 35/50 ?
  • #7,690
  • Jul 16, 2012 9:29am Jul 16, 2012 9:29am
Quoting 2121
Maybe, but have you looked to the H1 TF ? What mass of confluence there was when you were shorting.

Keeping my eyes on AUDUSD pair, seeing strong confluence there.
This is what I mean when I say GU likes to test this kind of confluence many times. Other times I have seen it test the same confluence 5-10 times for hours. So the idea of shorting into a confluence was to take advantage of the fact that GU love to test multiple times. I don't do that with any other pair btw it is strictly just GU.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 168 KB
Riding the order flow
  • #7,691
  • Jul 16, 2012 9:31am Jul 16, 2012 9:31am
Quoting Binyamin
This is what I mean when I say GU likes to test this kind of confluence many times. Other times I have seen it test the same confluence 5-10 times for hours. So the idea of shorting into a confluence was to take advantage of the fact that GU love to test multiple times. I don't do that with any other pair btw it is strictly just GU.
Yep, I just noticed that too...
  • #7,692
  • Jul 16, 2012 9:41am Jul 16, 2012 9:41am
Quoting kostas1
I don't trade EJ but I would have taken this trade. It was the first rejection of the 35/50, so with M5 signaling rejection I would short it right there.

Thank you kostas1, that is exactly what i did bank 20 pips
  • #7,693
  • Edited 9:54am Jul 16, 2012 9:53am | Edited 9:54am
Another one with dead end to 35 ma and hoping for good pips hopefully.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 16 07 2012.gif Size: 26 KB
any thought please.


thanks all
  • #7,694
  • Jul 16, 2012 10:16am Jul 16, 2012 10:16am
Quoting Tiwa
Another one with dead end to 35 ma and hoping for good pips hopefully.Attachment any thought please.


thanks all

got knockout on this
  • #7,695
  • Jul 16, 2012 10:22am Jul 16, 2012 10:22am
Quoting Tiwa
got knockout on this
Well, I could try to explain why. First of all, it was a third touch, we take only the first and rarely the second. Another thing is that 35/50 were not parallel and 50 EMA was already diverging. Hope this helps.

Cheers
  • #7,696
  • Jul 16, 2012 10:50am Jul 16, 2012 10:50am
Quoting 2121
Well, I could try to explain why. First of all, it was a third touch, we take only the first and rarely the second. Another thing is that 35/50 were not parallel and 50 EMA was already diverging. Hope this helps.

Cheers

Thank you
  • #7,697
  • Jul 16, 2012 11:02am Jul 16, 2012 11:02am
Quoting 2121
Hey Kostas, could you comment today's EU 2-bar retracement to 35/50 ?
I was only watching GU today. The EU H1 and M15 lines were flat and I didn't like them. It turned out that the M15 bounce from the confluence of H1 10, M15 200, 35/50/62 and Daily Pivot was good but still not a good-looking trade for me.
On the other hand, the strong Friday bull of GU had my attention today. After the double bottom in M15 from WP, DP, H4 10, H1 35/50/62, I got long when it crossed 1.5550 . Captured +29p at MP, which is double my daily target.
  • #7,698
  • Jul 17, 2012 7:38am Jul 17, 2012 7:38am
Quoting kostas1
Too big for FF. Here is a new link
www.multiupload.com/1GXFP1R4V3
I can't download the file anymore. Please anyone helps to upload it again? Many thanks.
  • #7,699
  • Jul 17, 2012 9:36am Jul 17, 2012 9:36am
hello dancers, someone took the descent bearish of Bernanke speech according to the dance????
  • #7,700
  • Jul 17, 2012 10:53am Jul 17, 2012 10:53am
Quoting foxterbotell
hello dancers, someone took the descent bearish of Bernanke speech according to the dance????
I couldn't find anything today. Even when I look back I couldn't see anything that I would trade. Anyone took any trade? Care to share?
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