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CHOROS System

  • #7,721
  • Jul 18, 2012 6:58am Jul 18, 2012 6:58am
It seems many people are on a roll here.
I am happy for you, just keep an eye on the bigger picture. If you trade the M5 like me then big picture is H1 H4, if you trade the M15 then H4, Daily should be consulted.
When the market is funny use smaller risk and higher SL, become an expert in 1-2 currencies and learn their behavior:nerd:.

Just a few thoughts that came to mind.....
  • #7,722
  • Jul 18, 2012 7:00am Jul 18, 2012 7:00am
Quoting iero4
Good *by the rools* trade but I didn't take it for 2 reasons.
1) It was close to Bernakle talking
2) It is a rangy day so I don't trust the mas so much.

Anyway, welldone bro
I was also afraid of Bernanke speech, so I put my SL 7 pips, usually my SL is 11 and often depends on the signal strength.
  • #7,723
  • Jul 18, 2012 7:03am Jul 18, 2012 7:03am
Quoting kostas1
It seems many people are on a roll here.
I am happy for you, just keep an eye on the bigger picture. If you trade the M5 like me then big picture is H1 H4, if you trade the M15 then H4, Daily should be consulted.
When the market is funny use smaller risk and higher SL, become an expert in 1-2 currencies and learn their behavior:nerd:.

Just a few thoughts that came to mind.....
Thank you Kostas
  • #7,724
  • Jul 19, 2012 4:48am Jul 19, 2012 4:48am
eurusd trade

+16

15m and 1h price acction, daily 10ema, round numer, R1

Tp in MR1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: entrada eurusd 19.07.2012.gif Size: 306 KB
Click to Enlarge Name: entrada eurusd salida 19.07.2012.gif Size: 304 KB
  • #7,725
  • Jul 20, 2012 1:28am Jul 20, 2012 1:28am
For those still learning the ropes here's a useful tutorial which shows you how price action trades between ma's and s/r levels on 4hr charts.

Once you understand this you can transpose this to 15min.

Inserted Video


I'm posting this because its really helpful in understanding how to read PA between MA's & S/R levels, ignore the MACD just pay attn to his explanation of how price bounces off the MA's

Hope this is ok Kostas
  • #7,726
  • Jul 20, 2012 2:03am Jul 20, 2012 2:03am
15M 10: 5 pips, I didn't take any trades for the last 3 days what a looong wait.
Attached Image (click to enlarge)
Click to Enlarge Name: 7149848 Interbank FX Trader 4 - Demo Account - [AUDUSD,M5]_2012-07-20_17-01-07.jpg Size: 101 KB
Riding the order flow
  • #7,727
  • Jul 20, 2012 2:14am Jul 20, 2012 2:14am
Quoting Binyamin
15M 10: 5 pips, I didn't take any trades for the last 3 days what a looong wait.

i envy your patience binyamin as long as your account is up not down keep going and thanks for your post.





Remember patient - Greed = success.
  • #7,728
  • Jul 20, 2012 3:18am Jul 20, 2012 3:18am
Quoting Binyamin
15M 10: 5 pips, I didn't take any trades for the last 3 days what a looong wait.
Well done ! My recommendation would be to keep your patience for stronger and lower risk trades.

Cheers
  • #7,729
  • Jul 20, 2012 4:28am Jul 20, 2012 4:28am
Quoting 2121
Well done ! My recommendation would be to keep your patience for stronger and lower risk trades.

Cheers
Yeah the best one is when 35/50 are parallel. I took it because it is not at last week's high yet and there is some room for upwards move.
Riding the order flow
  • #7,730
  • Jul 20, 2012 5:38am Jul 20, 2012 5:38am
Hello dancers!

After a lot of patient I took this m15 & m23 constrainment (I considered a m5/12 constr. ) and I was very nervous when price hit m5/23 but finally 23 ema
was strong enough res and kept the price and price collapsed.
I think is choros trade but I am not sure.
I took a small portion at b.e. as a free trade.
Have a nice weekend mates!
Attached Image (click to enlarge)
Click to Enlarge Name: exit.png Size: 20 KB
Attached Image
  • #7,731
  • Jul 23, 2012 4:12am Jul 23, 2012 4:12am
Hi
I heard someone on here made it -- Is it Kostas1 or someone else?I am trying to do like him on here.It is the physcology thats proving a lot harder than the system .Just interested to know what this guy did and if possible to see the actual Explorer.

http://www.forexfactory.com/showthread.php?t=351907
  • #7,732
  • Jul 23, 2012 6:36am Jul 23, 2012 6:36am
Hello dancers, today was a bad day for me, the EURUSD has been very erratic in the specific image

it's frustrating when you lose then but I remain firm in the system and firm with a good attitude but none of this affects me psychologically
Attached Image (click to enlarge)
Click to Enlarge Name: entrada5 eurusd 23.07.2012 hit sl.gif Size: 303 KB
  • #7,733
  • Jul 23, 2012 6:52am Jul 23, 2012 6:52am
Quoting foxterbotell
Hello dancers, today was a bad day for me, the EURUSD has been very erratic in the specific image

it's frustrating when you lose then but I remain firm in the system and firm with a good attitude but none of this affects me psychologically
As I said before, when there is a gap in the previous day, best to avoid trading the pair. Sometimes, if I see a strong signal, I play the direction of filling the gap. Today, EU didn't have such a strong case. I still feel that this gap will be filled within the week, but with all the turbulence in Europe who knows???
  • #7,734
  • Jul 23, 2012 7:02am Jul 23, 2012 7:02am
Quoting kostas1
As I said before, when there is a gap in the previous day, best to avoid trading the pair. Sometimes, if I see a strong signal, I play the direction of filling the gap. Today, EU didn't have such a strong case. I still feel that this gap will be filled within the week, but with all the turbulence in Europe who knows???
Thanks for your comment kostas1
  • #7,735
  • Jul 23, 2012 8:11am Jul 23, 2012 8:11am
[quote=tafadzwa02;5867455]Hi
I heard someone on here made it -- Is it Kostas1 or someone else?I am trying to do like him on here.It is the physcology thats proving a lot harder than the system .Just interested to know what this guy did and if possible to see the actual Explorer.

http://www.forexfactory.com/showthread.php?t=351907
[/quot

Anyone who knows this said Trader ??
  • #7,736
  • Jul 24, 2012 8:50am Jul 24, 2012 8:50am
Quoting tafadzwa02
Hi
I heard someone on here made it -- Is it Kostas1 or someone else?I am trying to do like him on here.It is the physcology thats proving a lot harder than the system .Just interested to know what this guy did and if possible to see the actual Explorer.
Someone here return $500 to $50k?
  • #7,737
  • Jul 25, 2012 3:39am Jul 25, 2012 3:39am
EU trade: got out with my 10 pips, entered on the close of M5 inverted hammer 13:20 (GMT+3).

Looks like price shoot up very nicely.
  • #7,738
  • Jul 25, 2012 4:11am Jul 25, 2012 4:11am
Quoting 2121
Looks like price shoot up very nicely.
This is the gap closing I mentioned a few posts above.....
  • #7,739
  • Jul 25, 2012 4:36am Jul 25, 2012 4:36am
Quoting kostas1
This is the gap closing I mentioned a few posts above.....
  • #7,740
  • Jul 25, 2012 4:44am Jul 25, 2012 4:44am
Quoting foxterbotell
Hello dancers, today was a bad day for me, the EURUSD has been very erratic in the specific image

it's frustrating when you lose then but I remain firm in the system and firm with a good attitude but none of this affects me psychologically

There have been plenty of oppurtunities in LTF(m5 12, m15 10). Keep it up!
Swedish steel!
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