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CHOROS System

  • #9,141
  • Apr 11, 2013 10:22am Apr 11, 2013 10:22am
I am sure that some of the silent Choros traders took this. Got almost 20p myself....
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  • #9,142
  • Apr 11, 2013 9:22pm Apr 11, 2013 9:22pm
A touch trade a took a little while ago

i use the mtf setup posted earlier in the thread

I'll be posting more
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  • #9,143
  • Apr 11, 2013 9:42pm Apr 11, 2013 9:42pm
Quoting kostas1
I am sure that some of the silent Choros traders took this. Got almost 20p myself.... {image}
my friend kostas1, time without hearing from you lol, we in the same trade,

not pay attention to MACD, is personal, it has nothing to do with CHOROS
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  • #9,144
  • Apr 15, 2013 3:00am Apr 15, 2013 3:00am
Went short at the 35MA, in hindsight the 50MA would have been a better choice

+10

Closed it early but I didn't like the PA and how random its being
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  • #9,145
  • Edited 3:18am Apr 15, 2013 3:05am | Edited 3:18am
Quoting Acroix70
Went short at the 35MA, in hindsight the 50MA would have been a better choice +10 Closed it early but I didn't like the PA and how random its being {image}
Same trade here!
I got short at the close of the 7:35 M5 bar. Out with +19p.

EDIT: It seems I also got out early, liked the RN (128.00) too much....
  • #9,146
  • Apr 15, 2013 3:29am Apr 15, 2013 3:29am
Since EJ seems to be active, there is a strong high TF signal that may pay off. The confluence of Daily 10 with H4 50 and Daily S2 around 127.2 is the area to long if there is sufficient bounce from M15
  • #9,147
  • Apr 15, 2013 4:33am Apr 15, 2013 4:33am
Quoting kostas1
Since EJ seems to be active, there is a strong high TF signal that may pay off. The confluence of Daily 10 with H4 50 and Daily S2 around 127.2 is the area to long if there is sufficient bounce from M15
Kostas maybe you mean 127.5? because there is about h4/50& d1/10....
  • #9,148
  • Apr 15, 2013 4:46am Apr 15, 2013 4:46am
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here is my trade of today. green circle - entry with 3 standard positions (I'll explain later) , exit is blue circle with 18 pips profit each position which=53 pips in total. exit was manual due to fact that the price was resisting around 128.10.

my standard position is usually set in a way that 7pips s/l equal to 1% of loose. recently when price touches 35sma I enter with 3 standard positions and move s/l behind closest round number, so the risk increases to even 6% but I also hold my finger on manual s/l. recently I rarely trade 10ema on 15m, just can't find a good entry with this one. touches of 35sma are more profitable anyway

I've hit my daily profit target which is 3% (this is when I am satisfied with the trading day) - I'll keep watching ej, if I see good opportunity I'll go for another trade,If not - I got what I expected from the day anyway
On my way to financial independence - if others can do it - I can do it
  • #9,149
  • Apr 15, 2013 4:49am Apr 15, 2013 4:49am
Quoting makonen
Kostas maybe you mean 127.5? because there is about h4/50& d1/10....
My Daily 10 is 127.22 and H4 50 at 127.5. Remember for these TFs we are talking areas and not exact prices. So the area around 127.2 is interesting. In my experience price usually likes to check (i.e. take out stops) of important points before turning.
For now we have touched H4 50 and price reacted more than 100p upwards.
  • #9,150
  • Apr 15, 2013 5:03am Apr 15, 2013 5:03am
Green circle is a trade I missed thanks to my neighbor banging on my door

Angle is good
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  • #9,151
  • Apr 15, 2013 5:05am Apr 15, 2013 5:05am
Quoting Acroix70
Green circle is a trade I missed thanks to my neighbor banging on my door Angle is good {image}

you should sue your neighbour LOL
besides I took this trade, but I got out too early
On my way to financial independence - if others can do it - I can do it
  • #9,152
  • Apr 15, 2013 2:03pm Apr 15, 2013 2:03pm
Hello dancers,

Today morning I took this trade after many bottoms 5m chart.
I concider this trade as a scoop up trade.
signal was the 5m pins.
close at +9 pips.
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  • #9,153
  • Apr 15, 2013 4:49pm Apr 15, 2013 4:49pm
Hey guys, I'm attaching a word document that's a flow chart of a summary of the dance system's (simple and effective) approach. This is made to be critiqued and corrected; it's a summary of what I believe the system is so far and I want to check to make sure I'm understanding properly. Any input is encouraged and appreciated.

Thanks
Attached File(s)
File Type: docx Dance System Flow Chart.docx   37 KB | 497 downloads
  • #9,154
  • Apr 15, 2013 5:01pm Apr 15, 2013 5:01pm
Quoting Efficacy
Hey guys, I'm attaching a word document that's a flow chart of a summary of the dance system's (simple and effective) approach. This is made to be critiqued and corrected; it's a summary of what I believe the system is so far and I want to check to make sure I'm understanding properly. Any input is encouraged and appreciated. Thanks {file}
I can't open it
On my way to financial independence - if others can do it - I can do it
  • #9,155
  • Apr 15, 2013 5:03pm Apr 15, 2013 5:03pm
Hmmm, I wonder if it's because it's .docx ...here's a 97-2003 compatible .doc version
Attached File(s)
File Type: doc Dance System Flow Chart.doc   209 KB | 670 downloads
  • #9,156
  • Apr 15, 2013 5:05pm Apr 15, 2013 5:05pm
Quoting Efficacy
Hmmm, I wonder if it's because it's .docx ...here's a 97-2003 compatible .doc version {file}
fine now - thx
On my way to financial independence - if others can do it - I can do it
  • #9,157
  • Apr 16, 2013 8:07am Apr 16, 2013 8:07am
Hello dancers!
Today I took this 5m/12 trade .
Just catch up 10 pips before
the market reverse.......
Now I can see (after the fact )
more safe opportunities for longs
(after the reverse of the market)
but I was gone
from my p.c. ....

many pips to all!
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  • #9,158
  • Apr 23, 2013 2:41am Apr 23, 2013 2:41am
my today's trade. I started 3 of my standard positions at the touch of 35, had to widen risk but it did pay off, I ended due to wide spread and noise due to Germany news release. I could run it longer but was afraid it will go against me. over 8% of profit anyway.
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On my way to financial independence - if others can do it - I can do it
  • #9,159
  • Apr 23, 2013 8:49am Apr 23, 2013 8:49am
Hello dancers!

Today this is a m15 trade eu.
I put a big s.loss because I was confident
because of very steep 35-50 emas.
I could take 10 pips but
Finally closed b.e...........
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  • #9,160
  • Apr 23, 2013 9:58am Apr 23, 2013 9:58am
and here a bit about my trading: http://www.forexfactory.com/showthre...23#post6630023
I am doing well - hope it will last long now.
On my way to financial independence - if others can do it - I can do it
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