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CHOROS System

  • #9,441
  • Jul 20, 2013 6:49am Jul 20, 2013 6:49am
and I would enter just to gamble - and win 500-1000$ for nothing -;-)
On my way to financial independence - if others can do it - I can do it
  • #9,442
  • Jul 22, 2013 1:12am Jul 22, 2013 1:12am
bought eurusd on both pepperstone demo & instaforex sniper contest ..

instaforex 1 standard lot is equal to 1 pip, opened 5 lots.

instaforex mt4 sucks big time, their feed is pathetic & if that's what they have in real time, i am so glad i chose pepperstone.

you can see it shows no connection which happens often & i have to reopen the terminal & NOTHING is wrong with my internet. pepperstone is robust in connectivity.
Attached Image(s) (click to enlarge)
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  • #9,443
  • Jul 22, 2013 1:21am Jul 22, 2013 1:21am
Quoting .Hawk.
bought eurusd on both pepperstone demo & instaforex sniper contest .. instaforex 1 standard lot is equal to 1 pip, opened 5 lots. instaforex mt4 sucks big time, their feed is pathetic & if that's what they have in real time, i am so glad i chose pepperstone. you can see it shows no connection which happens often & i have to reopen the terminal & NOTHING is wrong with my internet. pepperstone is robust in connectivity. {image} {image} {image}
I feel like there might be a downward movement based on the H4 chart. I could be wrong though. Kind of a reversal candle.
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Damn The Torpedoes, Full Speed Ahead!
  • #9,444
  • Jul 22, 2013 1:30am Jul 22, 2013 1:30am
this is how my H4 looks like, no pin for me.

moreover, trade is in direction of ma's. strong upward moment in eurusd & audusd in this week.

look at the pin in the audusd daily but currently it's near demand zone & has already dropped like a rock for about 1500 pips, i see a very strong up move after maybe a possible drop of 80 - 100 pips.

i am bullish on both pairs this week though i can always take a short if s & r / s & d suggests.

Quoting DizzleFX
{quote} I feel like there might be a downward movement based on the H4 chart. I could be wrong though. Kind of a reversal candle. {image}
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  • #9,445
  • Jul 22, 2013 1:47am Jul 22, 2013 1:47am
eurusd trapped in a supply zone on daily but my verdict would still be an upmove this week

stoploss hit on contest account - 60 pips
Attached Image(s) (click to enlarge)
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  • #9,446
  • Jul 22, 2013 2:09am Jul 22, 2013 2:09am
pepperstone trade still running.

i love the beauty of trade executions and connectivity in pepperstone, it is indeed a very nice & fair broker.
Attached Image (click to enlarge)
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  • #9,447
  • Jul 22, 2013 2:19am Jul 22, 2013 2:19am
eurusd shooting up in the sky soon
  • #9,448
  • Jul 22, 2013 2:26am Jul 22, 2013 2:26am
there she goes ..... there she goes again ...............

on the bottom most chart H1, once i saw 35 & 50 flirting with each other almost on top of each other ... i was sure of the bullish movement soon, moreover previous bar was a pin

i wish i had kept another pip distance from stoploss in contest account & the stoploss couldn't have been hit. but 12 pips stoploss it is.
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  • #9,449
  • Jul 22, 2013 2:43am Jul 22, 2013 2:43am
there is a limit of max opened trades of 5 and each 1 standard lot is of 1 pip so if you keep a tp of say 12 pips, max win is 60 pips a trade & remember olma had earned like 2.3 grand in 5 days, do the math now ....

that's 460 pips profit each day .. if your tp is 12 pips = 460 / 12 = 38 winning trades a day

so maybe you were right in saying dancing on M 15 chart for a tp / sl of 12 pips will not land me anywhere as i don't think i can have those many entries in one day.

so i wonder, if they trade on a bigger timeframe for a contest or what ?

since max trades can be only 5, you can't open trades on other pairs simultaneously ...... but i guess answer is to have multiple pairs opened so you finish a setup on one pair & go to another maybe ....

Quoting Eur Usd
and I would enter just to gamble - and win 500-1000$ for nothing -;-)
  • #9,450
  • Jul 22, 2013 2:48am Jul 22, 2013 2:48am
Yeah

Yeah, keep your eyes on the road, your hands upon the wheel
Keep your eyes on the road, your hands upon the wheel
Yeah, we're goin' to the Roadhouse
We're gonna have a real
Good time

Yeah, back at the Roadhouse they got some bungalows
Yeah, back at the Roadhouse they got some bungalows
And that's for the people
Who like to go down slow

Let it roll, baby, roll
Let it roll, baby, roll
Let it roll, baby, roll
Let it roll, all night long
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  • #9,451
  • Jul 22, 2013 3:07am Jul 22, 2013 3:07am
when you encounter an upmove or downmove bar with no upper or lower wicks , it's a VERY STRONG SIGNAL in that direction !!! look at the marked bar !
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  • #9,452
  • Jul 22, 2013 3:55am Jul 22, 2013 3:55am
+ 22 pips on eurusd

just an observation, i have hit more tp of 9's than 12, this is why i used to keep fixed tp sl of 9 pips & current eurusd 0.3 lots was running on + 9 pips each most of the time but found difficulty in hitting 12, maybe because of the wicks where tp was placed, i should have manually closed trades when they showed a profit of 27 pips in total rather than closing now as i felt i was just forcing market to give more on belief of going up ! Greed is bad !

this is how account statement looks like after implementing ' CHOROS '
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  • #9,453
  • Jul 22, 2013 4:53am Jul 22, 2013 4:53am
if it satisfies you that's fine, but by increasing risk to reward for example 2:1 your profits will be better. You made 10% over 2 weeks - I could do it in a day on some days. as I said - if slow growth is fine for you then stick to it - but just a suggestion - start earning more ;-)
good luck
and as about competition - I think I'll go for it next week.
On my way to financial independence - if others can do it - I can do it
  • #9,454
  • Jul 22, 2013 5:12am Jul 22, 2013 5:12am
25 % / month will be satisfactory

i am planning to add more pairs in contest, any suggestions ?


Quoting Eur Usd
slow growth is fine ... as about competition - I think I'll go for it next week.
  • #9,455
  • Jul 22, 2013 5:17am Jul 22, 2013 5:17am
Quoting .Hawk.
25 % / month will be satisfactory i am planning to add more pairs in contest, any suggestions ? {quote}
I'd fous on EUR/JPY if it moves fast, if not, look which pair has large daily moves and go for it. also not sure how they judge the competition - by the profit in cash or in pips? if in pips then open always 5 trades as it gives you 5xmore pips. Up to you, I'd gamble anyway and bet all on one move, just make sure you choose your trades wise as 1 mistake will wipe the account ;-)
On my way to financial independence - if others can do it - I can do it
  • #9,456
  • Edited 5:10pm Jul 23, 2013 11:17am | Edited 5:10pm
Buy EURUSD:
Attached Image (click to enlarge)
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Edit:
Won trade:
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"In God we trust."
  • #9,457
  • Edited 10:09am Jul 24, 2013 9:43am | Edited 10:09am
Buying at the kick in the 30 SMA:
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Edit
Looser trade:
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"In God we trust."
  • #9,458
  • Jul 24, 2013 9:57am Jul 24, 2013 9:57am
Quoting renanc93
Buying at the kick in the 30 SMA: {image}
can you please mark or write where was you entry?
On my way to financial independence - if others can do it - I can do it
  • #9,459
  • Jul 24, 2013 10:06am Jul 24, 2013 10:06am
Quoting Eur Usd
{quote} can you please mark or write where was you entry?
The buy line is in the chart, I entered when I saw a pin bar formed.
"In God we trust."
  • #9,460
  • Jul 24, 2013 10:11am Jul 24, 2013 10:11am
Quoting renanc93
{quote} The buy line is in the chart, I entered when I saw a pin bar formed.
out of curiosity - what ma is yellow line?
On my way to financial independence - if others can do it - I can do it
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