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CHOROS System

  • #8,341
  • Nov 14, 2012 5:22am Nov 14, 2012 5:22am
Quoting tonny47
so, you want to enter counter trend trade long as the price goes down?
will try to if the price will get to 1.5820
On my way to financial independence - if others can do it - I can do it
  • #8,342
  • Nov 14, 2012 5:25am Nov 14, 2012 5:25am
Quoting Eur Usd
will try to if the price will get to 1.5820
ok, i see your point. i am trying to avoid counter trend trades as thats where i normally get burnt
  • #8,343
  • Nov 14, 2012 5:26am Nov 14, 2012 5:26am
Quoting tonny47
ok, i see your point. i am trying to avoid counter trend trades as thats where i normally get burnt
I know what you mean, it's dangerous, I already made one today and lost 1%
On my way to financial independence - if others can do it - I can do it
  • #8,344
  • Nov 14, 2012 5:31am Nov 14, 2012 5:31am
Quoting Eur Usd
I know what you mean, it's dangerous, I already made one today and lost 1%
sorry to hear that.

my performance have improved a lot since i stopped taking counter trend trades. by trend i mean long only above ema 35/50 on both 1h and 15 min and vice versa for short. when i placed before a counter trend trade and lost, i tried to get it back fast by taking another stupid trade just wasnt worth it. but again, everybody is different and should do whatever works for them
  • #8,345
  • Nov 14, 2012 5:32am Nov 14, 2012 5:32am
On GU so far no indication for a reversal, one could try shorting that bloody cable...
  • #8,346
  • Nov 14, 2012 5:34am Nov 14, 2012 5:34am
conference is over, I think I'll stay away from cable
On my way to financial independence - if others can do it - I can do it
  • #8,347
  • Nov 14, 2012 5:41am Nov 14, 2012 5:41am
Quoting tonny47
sorry to hear that.

my performance have improved a lot since i stopped taking counter trend trades. by trend i mean long only above ema 35/50 on both 1h and 15 min and vice versa for short. when i placed before a counter trend trade and lost, i tried to get it back fast by taking another stupid trade just wasnt worth it. but again, everybody is different and should do whatever works for them
I could share my 2cents with scooped (counter) trades. The general criteria would be to take them only if: M15 35/50 is FLAT or DIVERGING or WIDE, then M15 bar crosses and closes above/below 10 EMA which is also pointing up/down and you see there a rejection like pin bar on M5 or for safety on M15.

Maybe it's nothing new and you all know this but it helps for me to find the 'right' one's.
  • #8,348
  • Nov 14, 2012 5:44am Nov 14, 2012 5:44am
I went into counter trade, and just moved price to be+1
On my way to financial independence - if others can do it - I can do it
  • #8,349
  • Nov 14, 2012 5:45am Nov 14, 2012 5:45am
Quoting 2121
I could share my 2cents with scooped (counter) trades. The general criteria would be to take them only if: M15 35/50 is FLAT or DIVERGING or WIDE, then M15 bar crosses and closes above/below 10 EMA which is also pointing up/down and you see there a rejection like pin bar on M5 or for safety on M15.

Maybe it's nothing new and you all know this but it helps for me to find the 'right' one's.
nice, thanks for the reminder. will try to pay more attention to it. most of the time i notice it when its too late
  • #8,350
  • Nov 14, 2012 5:46am Nov 14, 2012 5:46am
Quoting Eur Usd
I went into counter trade, and just moved price to be+1
and just stopped. 3 pips on plus.
I am off to fry myself a steak ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,351
  • Edited 6:15am Nov 14, 2012 6:02am | Edited 6:15am
Quoting 2121
On GU so far no indication for a reversal, one could try shorting that bloody cable...
Now it could be really time for reversal - long wicks on H1...

P.S On EU maybe we will see a double top at 1.275 (W1 35), then we could try south.
  • #8,352
  • Nov 14, 2012 7:27am Nov 14, 2012 7:27am
took not very standard trade bounce of 35 then reentered when it touched 50. plus support from previous swing highs and yesterdays low. chickened out and drives me nuts to see that both would give me +15 pips i targetted. but as it wasnt exactly the best trade in terms of rules, only took +7 pips on one and break even on the other and ran. plus big news ahead in few minutes. done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 14 november eurusd +7 and 0 non standard ff.gif Size: 27 KB
  • #8,353
  • Nov 14, 2012 7:35am Nov 14, 2012 7:35am
took 3 trades on eur usd 15m chart entry on green circle, exit manually on red circle. 13 pips profit on each trade.
45 pips and 5,4% profit today. Time to rest ;-)
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #8,354
  • Nov 14, 2012 7:39am Nov 14, 2012 7:39am
Quoting Eur Usd
took 3 trades on eur usd 15m chart entry on green circle, exit manually on red circle. 13 pips profit on each trade.
45 pips and 5,4% profit today. Time to rest ;-)
what else one can wish for? nice steak and good trades!
  • #8,355
  • Nov 14, 2012 7:40am Nov 14, 2012 7:40am
price went up to 10ema on 1 day chart and is bouncing back to 35/50 on 15min, so maybe I'll take another trade, but single this time, not triple
On my way to financial independence - if others can do it - I can do it
  • #8,356
  • Nov 14, 2012 7:42am Nov 14, 2012 7:42am
Quoting 2121
Now it could be really time for reversal - long wicks on H1...

P.S On EU maybe we will see a double top at 1.275 (W1 35), then we could try south.
Lol..feeling like new Vanga..
  • #8,357
  • Nov 14, 2012 7:45am Nov 14, 2012 7:45am
Quoting Eur Usd
price went up to 10ema on 1 day chart and is bouncing back to 35/50 on 15min, so maybe I'll take another trade, but single this time, not triple
think better to stay out from eurusd. it didnt break higher even though figures came out. plus there are many strikes in europe today so wouldnt probably favour eurusd overall
  • #8,358
  • Nov 14, 2012 7:49am Nov 14, 2012 7:49am
5 more pips earned and I am out for today. my luck won;t last forever ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,359
  • Nov 14, 2012 7:50am Nov 14, 2012 7:50am
Quoting Eur Usd
5 more pips earned and I am out for today. my luck won;t last forever ;-)
haha well done
  • #8,360
  • Nov 14, 2012 7:51am Nov 14, 2012 7:51am
Tonny47,

Could you please share your ADR indi? I know there are many around FF but yours is exactly what I need.
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