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CHOROS System

  • #8,441
  • Nov 21, 2012 1:33am Nov 21, 2012 1:33am
Quoting 2121
Got my SL hit on EU. And lol on GU it ignored all bunched MA's...
guess i got lucky on this one
  • #8,442
  • Nov 21, 2012 1:39am Nov 21, 2012 1:39am
Quoting tonny47
guess i got lucky on this one
I just checked it and it seems that bounce on GU from W1 50, H4 35, H1 200 did the trick. On EU it's the same, bounce from W1 35, DS1, WP, H1 200 and 1.275... In the future I have to pay more attention if we are already bouncing from HTF before taking LTF trades..

To add more, on EU there was a double bottom on M15... I feel
  • #8,443
  • Nov 21, 2012 1:53am Nov 21, 2012 1:53am
Quoting 2121
I just checked it and it seems that bounce on GU from W1 50, H4 35, H1 200 did the trick. On EU it's the same, bounce from W1 35, DS1, WP, H1 200 and 1.275... In the future I have to pay more attention if we are already bouncing from HTF before taking LTF trades..

To add more, on EU there was a double bottom on M15... I feel
i didnt take eurusd trade because i find it difficult to find an entry point after a big drop which happened at night
  • #8,444
  • Nov 21, 2012 2:14am Nov 21, 2012 2:14am
Quoting tonny47
i didnt take eurusd trade because i find it difficult to find an entry point after a big drop which happened at night
I took reverse and gained 32 pips

I think it will go up again today
On my way to financial independence - if others can do it - I can do it
  • #8,445
  • Nov 21, 2012 3:25am Nov 21, 2012 3:25am
Quoting Eur Usd
I took reverse and gained 32 pips

I think it will go up again today
nice !
  • #8,446
  • Edited 4:28am Nov 21, 2012 3:43am | Edited 4:28am
another trade was just a single trade (not triple like last few times)
15m chart on eurusd
the price was holding between 50 ema and 200 ema (blue circle), so I went north (green circle) and took 21 pips stopping manually (red circle)
my s/l was just below 35 sma (yellow one) and it was a risk of about 1,5%
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #8,447
  • Nov 21, 2012 5:54am Nov 21, 2012 5:54am
Quoting Eur Usd
another trade was just a single trade (not triple like last few times)
15m chart on eurusd
the price was holding between 50 ema and 200 ema (blue circle), so I went north (green circle) and took 21 pips stopping manually (red circle)
my s/l was just below 35 sma (yellow one) and it was a risk of about 1,5%
Buddy,

I saw you kept winning. Keep on!!!!

cheers,
  • #8,448
  • Nov 21, 2012 6:14am Nov 21, 2012 6:14am
Quoting Eur Usd
another trade was just a single trade (not triple like last few times)
15m chart on eurusd
the price was holding between 50 ema and 200 ema (blue circle), so I went north (green circle) and took 21 pips stopping manually (red circle)
my s/l was just below 35 sma (yellow one) and it was a risk of about 1,5%
Pretty risky in my view. 35/50 are flat, already far apart and diverging, 1h 35/50 just above, the price was ranging about for more than 45mins on 15m and against a spike on 1hr. That's not my type of position, but if it works for u, then congratulations on your pips.
  • #8,449
  • Nov 21, 2012 6:37am Nov 21, 2012 6:37am
Quoting Jkdt
Pretty risky in my view. 35/50 are flat, already far apart and diverging, 1h 35/50 just above, the price was ranging about for more than 45mins on 15m and against a spike on 1hr. That's not my type of position, but if it works for u, then congratulations on your pips.
I don't know how Eur_Usd make it. Let's see if he can do it consistently.
  • #8,450
  • Nov 21, 2012 6:53am Nov 21, 2012 6:53am
Quoting kk007
Let's see if he can do it consistently.
I am working on it. so far I was trading my own idea systems which were crap and noobish. my best on silver was 800% in 2 weeks - guess where are the money now ;-)
and my best on currencies (demo this time) was 800% in 2 months, but then I was trading on news only - guess what happened after ;-)

If my mentality will bear it now and won;t start kicking with greed I have chances to succeed
On my way to financial independence - if others can do it - I can do it
  • #8,451
  • Nov 21, 2012 7:08am Nov 21, 2012 7:08am
Quoting Eur Usd
I am working on it. so far I was trading my own idea systems which were crap and noobish. my best on silver was 800% in 2 weeks - guess where are the money now ;-)
and my best on currencies (demo this time) was 800% in 2 months, but then I was trading on news only - guess what happened after ;-)

If my mentality will bear it now and won;t start kicking with greed I have chances to succeed
As far as I know it is hard to be consistent in technical trading, traders have to have precision in execution and good judgement/discrimination (visual) of setups, apart from emotional aspect. These technical abilities wouldn't be achieved in just a few months, in my opinion. For emotion aspect, how hard is it is depending on the kind of persons they are.
  • #8,452
  • Nov 21, 2012 8:05am Nov 21, 2012 8:05am
Quoting kk007
As far as I know it is hard to be consistent in technical trading, traders have to have precision in execution and good judgement/discrimination (visual) of setups, apart from emotional aspect. These technical abilities wouldn't be achieved in just a few months, in my opinion. For emotion aspect, how hard is it is depending on the kind of persons they are.
Hi KK,
How,s your trading, are you keeping the good performance you had in your journal?
Swedish steel!
  • #8,453
  • Nov 21, 2012 8:10am Nov 21, 2012 8:10am
Quoting grovsnus
Hi KK,
How,s your trading, are you keeping the good performance you had in your journal?
I have been about BE for these two weeks. Previous to that I have had a long break off trading to handle stress. Now, I don't have strong irrational stress anymore.
  • #8,454
  • Nov 21, 2012 8:26am Nov 21, 2012 8:26am
Quoting kk007
I have been about BE for these two weeks. Previous to that I have had a long break off trading to handle stress. Now, I don't have strong irrational stress anymore.
A lot of my trading stress comes from my fear of failure. I'm working on being nice t myself, not dwell on past mistakes. One's own mistakes are the hardest to forgive.
Swedish steel!
  • #8,455
  • Nov 21, 2012 8:27am Nov 21, 2012 8:27am
A brief question to all of you:

There have already been two 15m 10ema touches. You see a nice looking 3rd one and by the rules you refuse to take it, but... the touch candle closes as a perfect pinbar respecting the 10ema confluence with some pivot point or other S/R and all the HTFs lined up nicely, 15m MAs step, parallel and very close or on top of e-o. Do you take it as it looks promising or you leave it as a 3rd touch proxy - sort of thing, thinking about the trend developing too long now and awaiting reversal? If you took it: SL just below/above the pinbar?
  • #8,456
  • Nov 21, 2012 8:32am Nov 21, 2012 8:32am
Quoting grovsnus
A lot of my trading stress comes from my fear of failure. I'm working on being nice t myself, not dwell on past mistakes. One's own mistakes are the hardest to forgive.
Things hidden in the sub-consicous are the hardest things to fix, you have to have to courage to face what you fear and be aware of them when they arise. I don't think there is other way to overcome it... Also, expect that you will make mistake, so that you will not be that painful what it does happen.
  • #8,457
  • Nov 21, 2012 8:34am Nov 21, 2012 8:34am
Quoting Jkdt
A brief question to all of you:

There have already been two 15m 10ema touches. You see a nice looking 3rd one and by the rules you refuse to take it, but... the touch candle closes as a perfect pinbar respecting the 10ema confluence with some pivot point or other S/R and all the HTFs lined up nicely, 15m MAs step, parallel and very close or on top of e-o. Do you take it as it looks promising or you leave it as a 3rd touch proxy - sort of thing, thinking about the trend developing too long now and awaiting reversal? If you took it: SL just below/above...
I saw this situation with EURUSD today.
It is a matter of probability.
If you take the 3rd touch with a pinbar, expect a higher failure rate than if it is a 2nd touch with the same pinbar.
  • #8,458
  • Nov 22, 2012 12:54am Nov 22, 2012 12:54am
This one really tricky. Bought and GMT 8:30 news time come, BE it. Then re-entered buy again for it.

Confluence of M15 35/50 + H1 10 + TL conf. + Bounce from TL... etc.

Wanted to reduce my SL to less than 10 pip, but price did not retraced back enough. Had to enter at the broken of my M5 TL, I set -15 pip SL and target for +15 pip. I was thinking the HTF TL is strong enough for such a move.
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  • #8,459
  • Nov 22, 2012 1:23am Nov 22, 2012 1:23am
Hi kostas1,

I am now seeing M15 Dance working well in trending market. Nevertheless, I wonder how do you trade M15 Dance when market is sideway. It will be very helpful if you explain it a bit.

cheers,
kk007
  • #8,460
  • Nov 22, 2012 1:52am Nov 22, 2012 1:52am
Quoting kk007
Hi kostas1,

I am now seeing M15 Dance working well in trending market. Nevertheless, I wonder how do you trade M15 Dance when market is sideway. It will be very helpful if you explain it a bit.

cheers,
kk007

I know the question is to kostas, but If I may... ;-)
on sideways it's easy to spot support and resistance, so you trade according to them ;-)

btw I am sick of trading. last trades and am off for today. this week I did my monthly target
On my way to financial independence - if others can do it - I can do it
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