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CHOROS System

  • #8,601
  • Dec 6, 2012 12:50pm Dec 6, 2012 12:50pm
Quoting Acroix70
You trade silver using the dance?
no, using my greed and stupidity :-/
On my way to financial independence - if others can do it - I can do it
  • #8,602
  • Dec 6, 2012 4:18pm Dec 6, 2012 4:18pm
Quoting Eur Usd
no, using my greed and stupidity :-/
Sounds like me trading EU...
  • #8,603
  • Dec 6, 2012 5:20pm Dec 6, 2012 5:20pm
Quoting Haydel
I just blow out the profits made today

Well you learn something every day.

Your are right. Weekly Chart shows an amazing Bearish pin bar that I didn't saw before. Shame on me.

I'm at BE + a little pennies. Stop Losses are a good thing.
Just my 2 cent.
I think in trading, you have to have more thought on scaling your SL and TP.
If you use -10 pip as SL for trading M15.10, you may possibly need about 80pip SL for D1.10. and you should use confluence with WPP or MPP instead of DPP.
  • #8,604
  • Dec 6, 2012 5:35pm Dec 6, 2012 5:35pm
Quoting Eur Usd
Hi and welcome
I would recommend to read all the dance manual at least twice, and few more times setup rules. Don't just take some of the rules of it, take all the rules, then while trying you will decide which are good for you, which are not, besides ignore indicators used by traders here.
Thanks for welcoming me. Looking forward to trade with you all, when am up to speed.
  • #8,605
  • Dec 6, 2012 9:43pm Dec 6, 2012 9:43pm
Constrainment setup happening on EJ M15.E50 (looks short)...? Do you guys see the same as me?
  • #8,606
  • Dec 7, 2012 5:43am Dec 7, 2012 5:43am
Hi Kostas1,

May I ask you a few questions?
How would you trade double bottom against HTF MAs? Do you enter only after price crossed neckline?
How would you trade price consolidation against MAs?
How many standard Dance setups do you trade per week for all your 3 pairs?

cheers,
kk007
  • #8,607
  • Dec 7, 2012 6:40am Dec 7, 2012 6:40am
Hi guys:
You've seen me trading and you've seen I was doing well, but bad habits come back like boomerang. I promised myself never again silver, and I blew my account again. on silver, I blew it only because I broke my rules (not trading at wirk and not trading with silver). The amount was small but it is not about amount but about a fact that I suck big style

It will be my Christmas/New Year resolution:
I don't trade till new year as I won't have time for it. Beginning from New Year I start trading on demo account for a month, 100 Pounds account. just to get back confidence, as I lost it recently. After successful month I come back to game with 100 Pounds real account. without even looking at silver, with silver deleted from my forex account, without giving a single fuck about silver. If I'll be doing well I'll be adding a bit every month to my account. If I'll be still crap I just finish my adventure with forex. I see I am close to constant profits but need this last bit to work on.

On non working days I'll be trading normal dance: 7pips s/l=1% betting 3 standard trades on touch of 35/50 and 1 standard trade on touch of 10 ema, 15m chart with view on 1h chart, with profit target at 3%

On non working days setup will be in the evening according to dance as well, 50 pips sl 2% risk, 50pips tp
My monthly target will be 30%

In the meantime I need to read Dougas' Disciplined Trader as discipline is last thing I lack

I'll see how it goes, but it is my last attempt to forex. after 2 years of failures and losing of about 1500 Pounds (lost because of silver) I am fedup, fedup with myself, with my stupidity and greed. I have a family and every time I fail I feel like I am screwing their future
If this time I fail I am out from trading forever, maybe trading is not for me


wish me good luck and give me some advices ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,608
  • Dec 7, 2012 7:14am Dec 7, 2012 7:14am
Quoting Eur Usd
give me some advices ;-)
I have seen your trade explorer in the past even before your silver trade.
The drawdown of your open trades were up to about 50%!
Even if you could up with a few positive percents for most days,
I am not sure you have already gained a technical edge in your trading.
.
  • #8,609
  • Dec 7, 2012 7:16am Dec 7, 2012 7:16am
Quoting kk007
I have seen your trade explorer in the past even before your silver trade.
The drawdown of your open trades were up to about 50%!
Even if you could end the day with a few percent for most day, I am not sure you have gained an edge in your trade.

must have been silver, as about 4 weeks ago I made this mistake as well. from 25 quid within a day I got down to 10 (revenge, and silver mode). Then with discipline I was getting up till I got to 18 within a month (and then decided to take a "good" trade on silver
On my way to financial independence - if others can do it - I can do it
  • #8,610
  • Dec 7, 2012 7:22am Dec 7, 2012 7:22am
Quoting Eur Usd
must have been silver, as about 4 weeks ago I made this mistake as well. from 25 quid within a day I got down to 10 (revenge, and silver mode). Then with discipline I was getting up till I got to 18 within a month (and then decided to take a "good" trade on silver
No, not the sliver one,
It was after the big drop in your equity curve...
They were 3 trades of EURUSD..
drawdown in open trade cannot been seen in the trade summary.. I saw it at real time...
If you don't use stop loss or keep enlarging them, you are risking 100%, regardless of what you trade.
If you want discussing further, PM me.. I think kostas1 don't want us to talk about this that much here.
.
  • #8,611
  • Edited 8:33am Dec 7, 2012 7:42am | Edited 8:33am
Quoting kk007
No, not the sliver one,
It was after the big drop in your equity curve...
They were 3 trades of EURUSD..
drawdown in open trade cannot been seen in the trade summary.. I saw it at real time...
If you don't use stop loss or keep enlarging them, you are risking 100%, regardless of what you trade.
If you want discussing further, PM me.. I think kostas1 don't want us to talk about this that much here.
.
I cant remember 50%. I remember 20% once and it was caused by trust in dance, indicators were showing where the price is going so I kept trades even at this percentage of loss, but you're right, still too much risk.
the better profits I had the more greedy I was and the bigger the risk was. 3% a day was not enough for me anymore, I wanted 10% a day everyday which is ridiculous stupid as a day wihout loss is a good day as well.
also revealing my trading explorer was a bad idea, as people were admiring me and I wanted to carry on with high level results - a bit of showing off. but If it wasn't this bloody silver I wouldn't blew my account anyway

sorry kostas for this psychological side of trading posts
On my way to financial independence - if others can do it - I can do it
  • #8,612
  • Dec 7, 2012 8:33am Dec 7, 2012 8:33am
It doesn't matter whether you made 1000% per year for the last 15 years. You just need 1 day of -100% to be out of the game. I will never understand why some people love over betting. You will feel no peace and you will get hurt.
Riding the order flow
  • #8,613
  • Dec 7, 2012 8:58am Dec 7, 2012 8:58am
Quoting Eur Usd
Hi guys:
You've seen me trading and you've seen I was doing well, but bad habits come back like boomerang. I promised myself never again silver, and I blew my account again. on silver, I blew it only because I broke my rules (not trading at wirk and not trading with silver). The amount was small but it is not about amount but about a fact that I suck big style

It will be my Christmas/New Year resolution:
I don't trade till new year as I won't have time for it. Beginning from New Year I start trading on demo account for a month, 100 Pounds account....
Hi EUR_USD

I wish you good luck. Just want to say that I admire your honesty. I am sure that is a vital step in the right direction.
  • #8,614
  • Dec 7, 2012 9:04am Dec 7, 2012 9:04am
Quoting Akruma
Hi EUR_USD

I wish you good luck. Just want to say that I admire your honesty. I am sure that is a vital step in the right direction.
thanks ;-)
the point is that I know what my bad sides are and I can admit it without pushing blame on market, weather, neighbour etc, it was only my fault, people are week and it is normal, all you have to do is to fight your weakness
I know a lot about forex as I read a lot about markets, but sometimes cannot use it in practice due to emotions. I am good in advising people, but cannot listen to my advices :-)
On my way to financial independence - if others can do it - I can do it
  • #8,615
  • Dec 7, 2012 12:25pm Dec 7, 2012 12:25pm
Quoting Eur Usd
thanks ;-)
the point is that I know what my bad sides are and I can admit it without pushing blame on market, weather, neighbour etc, it was only my fault, people are week and it is normal, all you have to do is to fight your weakness
I know a lot about forex as I read a lot about markets, but sometimes cannot use it in practice due to emotions. I am good in advising people, but cannot listen to my advices :-)
I can't listen to this...when someone is trying to give up...I don't have any special advices because it's a very personal thing but firstly read original Clay's manual once again but this time carefully and secondly, don't be so critical to yourself - everything takes time and in our situation - screen time.
  • #8,616
  • Dec 7, 2012 12:40pm Dec 7, 2012 12:40pm
Quoting 2121
I can't listen to this...when someone is trying to give up...I don't have any special advices because it's a very personal thing but firstly read original Clay's manual once again but this time carefully and secondly, don't be so critical to yourself - everything takes time and in our situation - screen time.
I am not giving up yet, It would be a waste of time I spent to gain knowledge, but am fed up with myself. I have it everywhere. for example even when I play World of Tanks game I am greedy for killing opponent and usually die as first ;-) If I were patient I would get further ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,617
  • Dec 7, 2012 12:50pm Dec 7, 2012 12:50pm
Quoting Eur Usd
I am not giving up yet, It would be a waste of time I spent to gain knowledge, but am fed up with myself. I have it everywhere. for example even when I play World of Tanks game I am greedy for killing opponent and usually die as first ;-) If I were patient I would get further ;-)
Hahah I love that game
  • #8,618
  • Dec 7, 2012 1:32pm Dec 7, 2012 1:32pm
Quoting Eur Usd
I am not giving up yet, It would be a waste of time I spent to gain knowledge, but am fed up with myself. I have it everywhere. for example even when I play World of Tanks game I am greedy for killing opponent and usually die as first ;-) If I were patient I would get further ;-)
Lol
  • #8,619
  • Dec 8, 2012 3:51am Dec 8, 2012 3:51am
Quoting kk007
Hi Kostas1,

May I ask you a few questions?
How would you trade double bottom against HTF MAs? Do you enter only after price crossed neckline?
How would you trade price consolidation against MAs?
How many standard Dance setups do you trade per week for all your 3 pairs?

cheers,
kk007
KK007,

Thanks for asking these questions. It would be great, if Kostas can spend some time to answer each of it in detail. This would be great help for the community.

kk007: How would you trade price consolidation against MAs?
Cyko.Trader: You mean constrainment against M15.EMA for an example?

How many standard Dance setups do you trade per week for all your 3 pairs?
Cyko.Trader: What are those 3 pairs? My apologies, if am asking repeated question.
  • #8,620
  • Dec 10, 2012 9:48am Dec 10, 2012 9:48am
Quoting kk007
Hi Kostas1,

May I ask you a few questions?
1. How would you trade double bottom against HTF MAs? Do you enter only after price crossed neckline?
2. How would you trade price consolidation against MAs?
3. How many standard Dance setups do you trade per week for all your 3 pairs?

cheers,
kk007
1. Wait for scoop-up on lower TF (retrace to 10 and rejection)
2. If you mean constrainment, I very rarely trade those
3. Mostly 2 pairs (GU, EU). About 6-12 per week in M5. If you mean M15 setups then probably around 2-3 per week....

edit: here is a picture from my files
Attached Image (click to enlarge)
Click to Enlarge Name: GU_double bootom.jpg Size: 185 KB
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