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CHOROS System

  • #9,201
  • May 7, 2013 11:00pm May 7, 2013 11:00pm
Quoting echoman_1
Hello, I hope you folks don't mind me asking something. I currently trade a price action system only on EUR/USD. I've learned a lot about price action, but I am curious to take this experience and try it with this system on a demo, as it seems much more accurate. But I have only ever traded EURUSD in New York and sometimes London sessions. My question is how often would you guesstimate there is a setup during London or New York session on 15min EURUSD? Thanks in advance
Sorry to say that but lately EU sucks. Early with the system I was almost only trading GU, then slowly drifted to EU and GU, then back to GU and this year a lot of EJ. The main reason was that we need to have some active currencies and lately EU is rather flat (GU is still OK but very slow at times).
  • #9,202
  • May 7, 2013 11:44pm May 7, 2013 11:44pm
Quoting echoman_1
Hello, I hope you folks don't mind me asking something. I currently trade a price action system only on EUR/USD. I've learned a lot about price action, but I am curious to take this experience and try it with this system on a demo, as it seems much more accurate. But I have only ever traded EURUSD in New York and sometimes London sessions. My question is how often would you guesstimate there is a setup during London or New York session on 15min EURUSD? Thanks in advance

I agree with what Kosta said, EU has been not as good as in the past and GU has been slow. I trade the M15 mainly during the London session, and it seems to be luck if I get 1 trade on the EU or GU lately. I too, have been making a killing on EJ as well as UJ and GJ.
Damn The Torpedoes, Full Speed Ahead!
  • #9,203
  • May 7, 2013 11:46pm May 7, 2013 11:46pm
Looks like I need to study the other pairs. Ok thanks guys!
  • #9,204
  • May 8, 2013 12:21am May 8, 2013 12:21am
Here is one I took earlier on GJ. I got about 25 pips from it, made a little over 2:1 on this trade. Notice the tweezers that failed at the weekly pivot. That what my indication to enter the trade.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gjh1.gif Size: 26 KB
Damn The Torpedoes, Full Speed Ahead!
  • #9,205
  • May 8, 2013 3:07am May 8, 2013 3:07am
A nice touch trade in E/J based on M15 10/35. Moved SL to BE very quickly and TP 130.000 finaly hit

Attached Image (click to enlarge)
Click to Enlarge Name: choros1.JPG Size: 91 KB
You are allowed to fall but you are imposed to get up!
  • #9,206
  • May 8, 2013 4:04am May 8, 2013 4:04am
Quoting iero4
A nice touch trade in E/J based on M15 10/35. Moved SL to BE very quickly and TP 130.000 finaly hit {image}

Same trade for me using the M5 around 9:30 GMT.
  • #9,207
  • May 8, 2013 4:51am May 8, 2013 4:51am
Quoting kostas1
{quote} Same trade for me using the M5 around 9:30 GMT.
It is always nice to hear that I took the same trade with you Kostas. If you entered at 9.30 GMT+2:00 it should have scared the sh$t out of you....isn't it?? The price went south at 129.31 after you entered...I would have defenatelly closed the posotion. Congrats mate!
You are allowed to fall but you are imposed to get up!
  • #9,208
  • May 8, 2013 4:58am May 8, 2013 4:58am
Quoting iero4
{quote} It is always nice to hear that I took the same trade with you Kostas. If you entered at 9.30 GMT+2:00 it should have scared the sh$t out of you....isn't it?? The price went south at 129.31 after you entered...I would have defenatelly closed the posotion. Congrats mate!
We are at GMT+3, you silly.....

P.S. Too much retsina at your Easter party????
  • #9,209
  • Edited 10:51am May 8, 2013 5:53am | Edited 10:51am
bounce of off 200 ema. i know this is not master entry, touch and 10 ema, but sweet with no DD
Attached Image (click to enlarge)
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  • #9,210
  • May 8, 2013 10:50am May 8, 2013 10:50am
edit: after profit taking
Attached Image (click to enlarge)
Click to Enlarge Name: 20130508-orj9-215kb.jpg Size: 216 KB
  • #9,211
  • May 8, 2013 11:40am May 8, 2013 11:40am
Quoting kostas1
{quote} We are at GMT+3, you silly..... P.S. Too much retsina at your Easter party????
Ohhh yes indeed man...:nerd:. I am stupid...
You are allowed to fall but you are imposed to get up!
  • #9,212
  • May 8, 2013 12:15pm May 8, 2013 12:15pm
Quoting cmeldatrader
edit: after profit taking {image}
Good one buddy.
  • #9,213
  • May 8, 2013 12:29pm May 8, 2013 12:29pm
Quoting kostas1
{quote} good one buddy.
Ευχαριστώ
  • #9,214
  • May 8, 2013 1:17pm May 8, 2013 1:17pm
Quoting cmeldatrader
edit: after profit taking {image}
nice!
  • #9,215
  • May 9, 2013 11:25am May 9, 2013 11:25am
Crazy rally for E/J! I entered and after couple of minutes the price went bananas . I based my entry in M1 chart (constrainment) with full lot and +20.6 pips! It wasn't the safest entry though...

I have increased my account by 62.6% in just 4 days but this is the trap guys. Now I have to fight my emotions and avoid greed.


Attached Image (click to enlarge)
Click to Enlarge Name: χωρίς τίτλο.JPG Size: 97 KB
You are allowed to fall but you are imposed to get up!
  • #9,216
  • May 9, 2013 12:17pm May 9, 2013 12:17pm
Quoting iero4
Now I have to fight my emotions and avoid greed. {image}
This is a wise statement. You are growing up my friend and I am happy for you!
It is critical now to keep your cool, your focus and don't let the greed devil to relax your rules.
  • #9,217
  • May 9, 2013 12:38pm May 9, 2013 12:38pm
well and someone got only 1 pip move on to the next trade ...
Attached Image (click to enlarge)
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  • #9,218
  • May 9, 2013 12:41pm May 9, 2013 12:41pm
Quoting iero4
Crazy rally for E/J! I entered and after couple of minutes the price went bananas . I based my entry in M1 chart (constrainment) with full lot and +20.6 pips! It wasn't the safest entry though... I have increased my account by 62.6% in just 4 days but this is the trap guys. Now I have to fight my emotions and avoid greed. {image}
lucky man. great trade!
  • #9,219
  • May 9, 2013 12:43pm May 9, 2013 12:43pm
Quoting iero4
Crazy rally for E/J! I entered and after couple of minutes the price went bananas . I based my entry in M1 chart (constrainment) with full lot and +20.6 pips! It wasn't the safest entry though... I have increased my account by 62.6% in just 4 days but this is the trap guys. Now I have to fight my emotions and avoid greed. {image}
Nice! 62% wow amazing, congratulations!
  • #9,220
  • May 9, 2013 1:08pm May 9, 2013 1:08pm
Quoting kostas1
{quote} Sorry to say that but lately EU sucks. Early with the system I was almost only trading GU, then slowly drifted to EU and GU, then back to GU and this year a lot of EJ. The main reason was that we need to have some active currencies and lately EU is rather flat (GU is still OK but very slow at times).
I do agree and the "recently" is about last 8 months with some times when you could see a nice movements. That's why it has no point to stick to one pair. I observe 4 pairs: EU, EJ, GU, and AUD/USD and if none of them will look like good market to trade I'll find another pair ans there is always a bull or bear somewhere ;-)
EJ gives nice profits recently but It can act like a bitch as well.
On my way to financial independence - if others can do it - I can do it
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