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CHOROS System

  • #8,401
  • Nov 18, 2012 10:18am Nov 18, 2012 10:18am
Quoting Eur Usd
I am not sure about Monday as it's almost news free
It almost always is. I'm watching the market everyday but, being very picky recently, I rarely get to pull any trigers on Monday. You may have an interest in the pdf attached.
Attached File(s)
File Type: pdf Forex Traders Cheat Sheet.pdf   321 KB | 756 downloads
  • #8,402
  • Nov 18, 2012 10:42am Nov 18, 2012 10:42am
Quoting Jkdt
It almost always is. I'm watching the market everyday but, being very picky recently, I rarely get to pull any trigers on Monday. You may have an interest in the pdf attached.

the sheet looks good, thanks ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,403
  • Nov 19, 2012 2:51am Nov 19, 2012 2:51am
15min eur usd.
3 trades taken, 1 at touch of 10 ema, 1 at touch of 35 sma and one at 50 ema. it was going against me, so I checked 1h and 35/50 were around 1.2750 so I moved sl below (it was risky I know)
IT went up almost to my tp which was 1.2785, almost touched it so at reverse I stopped it manually
of them 3 trades taken almost same time I got: 46 pips and 5,6% profit
and I didn't have my breakfast yet ;-)
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #8,404
  • Nov 19, 2012 4:26am Nov 19, 2012 4:26am
another trade with 3x normal position size. all together had 6% risk (14 pips s/l)
chart on 15m eur usd, almost touched 35 sma, and created double bottom, tp was at 1.2790 as I believe it will get there today.
I stopped the trade manually at exact top, after it price went down to 10 ema
3% profit, 24 pips gained
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #8,405
  • Nov 19, 2012 5:36am Nov 19, 2012 5:36am
10.5 % profit in total today with 83 pips gained. I'm out for the day as the market seems to go flat
On my way to financial independence - if others can do it - I can do it
  • #8,406
  • Nov 19, 2012 5:56am Nov 19, 2012 5:56am
Quoting Eur Usd
10.5 % profit in total today with 83 pips gained. I'm out for the day as the market seems to go flat
  • #8,407
  • Nov 19, 2012 8:30am Nov 19, 2012 8:30am
Quoting kostas1
Unfortunately, I can't see any high prob. setups today.
By the way, do you trade setup similar to what Eur_Usd posted above?
  • #8,408
  • Nov 19, 2012 8:45am Nov 19, 2012 8:45am
Quoting kk007
Unfortunately, I can't see any high prob. setups today.
By the way, do you trade setup similar to what Eur_Usd posted above?
touching of 35sma on 15m and 10ema on 1h at the same time is quite strong setup for me
On my way to financial independence - if others can do it - I can do it
  • #8,409
  • Nov 19, 2012 8:51am Nov 19, 2012 8:51am
Quoting kk007
Unfortunately, I can't see any high prob. setups today.
By the way, do you trade setup similar to what Eur_Usd posted above?
Mostly M5 for me. Had a couple of GU trades on M5 12 and 12/23 bounces today. One short and one long, can you spot them?
  • #8,410
  • Nov 19, 2012 9:00am Nov 19, 2012 9:00am
Quoting kostas1
Mostly M5 for me. Had a couple of GU trades on M5 12 and 12/23 bounces today. One short and one long, can you spot them?
I don't trade M5, I trade strictly what on Dance manual. Anyway, thanks for your trade record, I will check it.
  • #8,411
  • Nov 19, 2012 9:04am Nov 19, 2012 9:04am
Quoting kk007
I don't trade M5, I trade strictly what on Dance manual. Anyway, thanks for your trade record, I will check it.
I've just checked it. But no. I can't see any solid trend on M5, and so no idea how to trade it. This is exactly a point I have puzzled for a long time - how can you gain pip for a day like today?
  • #8,412
  • Nov 19, 2012 9:06am Nov 19, 2012 9:06am
Quoting kk007
I've just checked it. But no. I can't see any solid trend on M5, and so no idea how to trade it. This is exactly a point I have puzzled for a long time - how can you gain pip for a day like today?
Sell @ 13:00 GMT, and
Buy @ 13:55 GMT - Scoop up ???
  • #8,413
  • Nov 19, 2012 10:20am Nov 19, 2012 10:20am
Quoting kk007
Sell @ 13:00 GMT, and
Buy @ 13:55 GMT - Scoop up ???
Sell 12:25,
you found the Buy
  • #8,414
  • Nov 19, 2012 10:21am Nov 19, 2012 10:21am
Kostas, when do you thin I should get in with big money?
On my way to financial independence - if others can do it - I can do it
  • #8,415
  • Nov 19, 2012 10:23am Nov 19, 2012 10:23am
Quoting Eur Usd
Kostas, when do you thin I should get in with big money?
Get at least 1 yr experience and if you are successful like this, you will not need to GET IN with big money because you will HAVE big money.....
  • #8,416
  • Nov 19, 2012 10:26am Nov 19, 2012 10:26am
Quoting kostas1
Get at least 1 yr experience and if you are successful like this, you will not need to GET IN with big money because you will HAVE big money.....
got it ;-)

I did counter trade today, when the price touched 1.2800, and I lost ;-) 1,5% - 12 pips, still good profit today. Let's see what tomorrow brings
On my way to financial independence - if others can do it - I can do it
  • #8,417
  • Nov 19, 2012 10:28am Nov 19, 2012 10:28am
what do you think about this plan kostas?

I am starting from 25quid,

first 3 months: to add 20 quid each month after having any profits at all
it will allow me to get used to raising account amount

After 3 months if I was getting at least 20% profit each month I will allow myself to charge my account with 100 quid. If within last 3 months I didnt get to 20% profits each month I stick to what I have till I reach 3 months of 20% profit in a row.

After next 3 months, If I got the 20% each month again I will add 500 quid

after next 3 months if all goes well 1000 quid goes to my account.

and after next 3 profitable months 3000quid goes to account.

so full topping up of the account will take me at least a year and the account should have (profits plus topping up) over 7k on it (around 4,6k of my cash and rest is profit). and here topping up finishes. from now on I can trade just with it. If something goes wrong and my balance gets down to 5k I take all cash out and forex adventure finishes for me.
If all goes fine I can treat it as good part time job (that would give me probalby better profit than my full time job)
On my way to financial independence - if others can do it - I can do it
  • #8,418
  • Nov 19, 2012 10:41am Nov 19, 2012 10:41am
Quoting Eur Usd
what do you think about this plan kostas?
The plan is very personal and it could be perfect for you, but not good for others. So, all I can say is, if you feel good with it, go for it.

How about the following simpler plan:

1. Build confidence by growing the account consistently for 6 months
2. If successful, bring the account to 1000
3. Use a daily 2% risk/profit for 20-30 pips per day
4. If the account keeps growing, start paying yourself every week.
5. In less than 100 days you could have 10,000
6. After that ask me again.....
  • #8,419
  • Nov 19, 2012 10:44am Nov 19, 2012 10:44am
sounds like plan. Is it the way you did it?
how much was your starting amount if I may ask?
On my way to financial independence - if others can do it - I can do it
  • #8,420
  • Nov 19, 2012 10:56am Nov 19, 2012 10:56am
Quoting Eur Usd
sounds like plan. Is it the way you did it?
how much was your starting amount if I may ask?
Similarly.
Starting was about 400E that were left from a 5K account (had blown 2 small accounts before that).
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