Just wondering, does anyone have a record of all their choros trades that they could share, sort of like how the trade reports here on forex factory?
- #8,703
- Jan 5, 2013 4:49pm Jan 5, 2013 4:49pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
Search the thread and you will find more charts than enough with various comments and explanations.
If i ever get there ill be make sure to post my account so every1 can see the trades.Im still having some trouble with constrainment, but im focusing on only eurusd and i haven't done too much simulating yet. Im on the right track i believe.
- #8,704
- Jan 5, 2013 5:07pm Jan 5, 2013 5:07pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
Are all these examples of constrainment? Ive been wondering what the surrounding bars (before the constrainment) should look like before you trade the constrainment, or is the only factor for constrainment the slope of the moving averages, what side the price is on, if the moving averages are parallel or converging, and if the 3 bars constraining are close to the moving average?
Also, i guess the bars cant close beneath the moving average. And preferably, they should wick through the moving average.
Also, i guess the bars cant close beneath the moving average. And preferably, they should wick through the moving average.
Are all these examples of constrainment? Ive been wondering what the surrounding bars (before the constrainment) should look like before you trade the constrainment, or is the only factor for constrainment the slope of the moving averages, what side the price is on, if the moving averages are parallel or converging, and if the 3 bars constraining are close to the moving average?
If you go through Kostas1 profile you will see his charts and thread replies about the method which is very in depth and inspiring in itself and should give you confidence in the system to take you forward with the method..
I've also attached the Simple Dance 15min method PDF which shows you in depth charts and explanations on how to trade this method ...and a Word Document of all the important posts from the thread which is also great and in depth..
Also for you to practice and get confidence in the method I've attached a simulator for MT4 and this link Set Up shows you how to have two charts showing in MT4 so you can see the PA in two different TF's at the same time and how price moves around the ema's and levels..
All this in itself hopefully will give you confidence in the method to move forward and have a great 2013 with many pips
Hope I helped in some way..
Cheers,
Adrian
- #8,706
- Jan 5, 2013 5:42pm Jan 5, 2013 5:42pm
- | Joined Feb 2011 | Status: Trader | 1,204 Posts
Hi ya Starry..
If you go through Kostas1 profile you will see his charts and thread replies about the method which is very in depth and inspiring in itself and should give you confidence in the system to take you forward with the method..
I've also attached the Simple Dance 15min method PDF which shows you in depth charts and explanations on how to trade this method ...and a Word Document of all the important posts from the thread which is also great and in depth..
Also for you to practice and get confidence in the method I've attached a simulator...
i will look and master!
- #8,708
- Jan 6, 2013 5:52am Jan 6, 2013 5:52am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #8,712
- Jan 7, 2013 3:42am Jan 7, 2013 3:42am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #8,713
- Jan 7, 2013 5:25am Jan 7, 2013 5:25am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #8,715
- Edited 6:29am Jan 7, 2013 6:27am | Edited 6:29am
Hi guys.
I am restarting my choros trading tomorrow. My explorer will be hidden as I noticed that with revealed explorer I was risking too much just to show off.
I have a bit doubts about trades, as before, when I was successful the market was moving quite strong. recently I feel like it has settled and changes more often within narrow range. but we'll see tomorrow.
I start trading with demo account with 100£. Demo, as I need to get back my confidence. If I will have gains I will start on live account again on February and will keep adding...
I wish you all the best for your new trading.
Even knowing to consider myself nearly a newbie, I think that your plan is already an important step towards success.
No need to say (as already said by many millions of times): Stick to it ! But I'm quite sure you will.
My only suggestion if I may: 7 pips as SL (or let's say as your daily risk) is perhaps a bit too less in my experience.
I quite understand your concept of MM and RR, so also your daily target would be easily achieved, but I just guess that the "controlled randomness"
of the Market could be not as exact as 7 pips are.Also (and this is what I am also trying to teach myself): BE PICKY.
Just consider this: if 3% is your daily target (you do not specify it, I just guess it, as it is your daily max loss too), with just 3 TP in the week that would mean 9% even with no compounding.
In 4 weeks 36% ! in the month !
I am not a Master at all, but just considering such numbers...People, is it for us all not worth enough to be really unbelievable picky in our trades ?
I would say, let's wait for break out Moves, the strong ones, where we see that something is really going to move, and just then let's consider our retracements for Touch trades or even constrainments.
First 5M EMA 10 at first for the most experienced, then the EMA10 on M15 and so on...
Just the first.
But I think there's really no need to want to pick the top or bottom or any move.
Also consider always the Higher TF, and look at the visible stronger levels of S/R on the left of the chart at several TF (the higher the stronger).
Remember in your mind some of the concepts used by several great traders of PA as well: " Break Out and Retest " when you look at your charts.
You will realise that several of our AAA Touches are that!
B/O - Retest - Restart
I am telling all this to myself too, of course.
All the best:
Go there and take out of the Market all
you wish !
- #8,716
- Jan 7, 2013 6:32am Jan 7, 2013 6:32am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
I wish you all the best for your new trading.
Even knowing to consider myself nearly a newbie, I think that your plan is already an important step towards success.
No need to say (as already said by many millions of times): Stick to it ! But I'm quite sure you will.
My only suggestion if I may: 7 pips as SL (or let's say as your daily risk) is perhaps a bit too less in my experience.
I quite understand your concept of MM and RR, so also your daily target would be easily achieved, but I just guess that the "controlled randomness"
85% a month is rather out of my reach as I don;t trade full time.
3% is my daily target, but usually it's more than that.
7 pips is just a base (and it works) and then I move the sl few pips behind round number, so it makes it more than 7% usually
On my way to financial independence - if others can do it - I can do it
- #8,717
- Jan 7, 2013 7:02am Jan 7, 2013 7:02am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #8,719
- Jan 7, 2013 8:05am Jan 7, 2013 8:05am
- Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts
Great Eur Usd. I'm keeping my eyes only on EU today for long trades due to daily pin bar at bunched HTF's MA's, got 7 pips so far from a scooped-up but it looks like it doesn't wan't to go any higher..
Let's see after this long H1 bar in the 1/2/3 formation and the previous Higher Low on H1 and H4 what will be.
M5 the Ema10 1st touch is very near.
H1 is in a Ping Pong situation as Daily as well, but forming a PinBar on Daily.
H4 seem to have broken up the Ema10.
BTW, one of the (here not respected) rules I gave in the past was: better do not open any trade just befor Wall Street Open...
Let's see.
