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CHOROS System

  • #9,661
  • Oct 1, 2013 8:44am Oct 1, 2013 8:44am
Quoting Sesamstrasse
{quote} Yes, thatīs good! I decided to widen my sl in EJ and my targets .. and only EJ to 12 pips and a little less lotsize. should be the same result in - profit , but EJ is kidding me too often . If i watche my last trade it would be only a BE winner / loser ... Iīll try this way .
good idea to widen sl for EJ - mine is 15 pips and it is much safer. and if you position size is lower you can open more than one trade if you see good opportunity
On my way to financial independence - if others can do it - I can do it
  • #9,662
  • Oct 1, 2013 8:44am Oct 1, 2013 8:44am
Quoting Eur Usd
on the end of the day I got with profit but was a stressful day. My max today was 9.6% profit, my lowest was about 7% loss. I did bad today {image}

Oha, you also trade life .. itīs new for me. Iīve been two weeks on a working trip.
Congrats!!
Risiko birgt immer auch die Chance.
  • #9,663
  • Oct 1, 2013 3:16pm Oct 1, 2013 3:16pm
Thank you eurusd about the pivot pointer, right now I'm using oanda platform so I do not have th e pp available. Oanda has them as a curve embodying pa, so not much use there
  • #9,664
  • Oct 1, 2013 3:37pm Oct 1, 2013 3:37pm
Quoting achille66
Thank you eurusd about the pivot pointer, right now I'm using oanda platform so I do not have th e pp available. Oanda has them as a curve embodying pa, so not much use there
but I gave you link with pp
http://www.actionforex.com/markets/p...2010040848154/
you have a table with pp for many currency pairs
I use oanda and I don't like their pp tool either
On my way to financial independence - if others can do it - I can do it
  • #9,665
  • Oct 2, 2013 10:55am Oct 2, 2013 10:55am
I thought it is good to share info, so I will share my silver trading method with you.

silver can be a bitch, but all depends on position size. don't be greedy. I open position now with 5% of account size only - risk between 0.5-1% which is low. I'd trade swings up or down or price constrains - now take a look at silver, price constrainments occur often, some of them last 1-2hours, other can last whole day. observe the price, it usually is between 21.60 and 22 now. yesterday after lagre dropdown I noticed price is not going any further down (you could see it by price being supported on certain level) - I did predict how low it will go, and wanted to go long with 0.5% risk only - fear got me, as I screwed yesterday - I was predicting price will get back to it's usual range - and wanted to set tp at 21.60 - now I wish I didn't I would have 5.5% profit risking only 0,5% - be careful guys, don't risk too much, 0.5-1% risk is a risk that everybody can handle - try it and good luck
On my way to financial independence - if others can do it - I can do it
  • #9,666
  • Oct 2, 2013 2:00pm Oct 2, 2013 2:00pm
Good evening , saw the table from the link you provided, wish this could be graphically integrated in oanda...
One way to go about this could be to draw horizontal lines?
  • #9,667
  • Oct 2, 2013 2:25pm Oct 2, 2013 2:25pm
Quoting achille66
Good evening , saw the table from the link you provided, wish this could be graphically integrated in oanda... One way to go about this could be to draw horizontal lines?
yes, draw horizontal lines in oanda, bear in mind you can change their colours and style, so r1 ra and so on can have different styles. I just try to remember where the point are and don't mark them. also learn about support resistance points, historcal supports and temporary, for example from last week, also strong points where the price was coming back often - lots to learn
On my way to financial independence - if others can do it - I can do it
  • #9,668
  • Edited 3:02am Oct 3, 2013 2:47am | Edited 3:02am
Good morning dancers!
My first trade today I entered long AUD/USD
A long trend the last 20 hours in M15 and finally the touch of the 50 Ema showed me the direction.
I take a fix Tp about 10 pips.
Very tight sl .. about 5 pips + commissions.
Edit : Finally it was a loser.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdcm15.png 3.10.2013.png Size: 42 KB
Risiko birgt immer auch die Chance.
  • #9,669
  • Oct 3, 2013 3:04am Oct 3, 2013 3:04am
I got my daily pips (+18p) from the GU M5 rejection of 23 EMA (as an exercise, look for it on the chart yourself).
  • #9,670
  • Oct 3, 2013 3:10am Oct 3, 2013 3:10am
Quoting kostas1
I got my daily pips (+18p) from the GU M5 rejection of 23 EMA (as an exercise, look for it on the chart yourself).
I also saw it , but H1 was no confirming, so I decided to do nothing...
Risiko birgt immer auch die Chance.
  • #9,671
  • Oct 3, 2013 3:25am Oct 3, 2013 3:25am
EJ !.. M5 , Ema 10 .. BE .. and run !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpycm5.png 3.10.2013.png Size: 32 KB
Click to Enlarge Name: eurjpycm5.png 3.10.2013 zwei.png Size: 33 KB
Risiko birgt immer auch die Chance.
  • #9,672
  • Oct 3, 2013 3:36am Oct 3, 2013 3:36am
Quoting Sesamstrasse
{quote} I also saw it , but H1 was no confirming, so I decided to do nothing...
Looking at what happens at GU right now, you can understand why it is important to take your profits quickly if you play small TFs......
  • #9,673
  • Oct 3, 2013 3:50am Oct 3, 2013 3:50am
Quoting kostas1
{quote} Looking at what happens at GU right now, you can understand why it is important to take your profits quickly if you play small TFs......

Youīre absolutely right!
But it makes me more confident if the higher timeframes confirm.
Iīm really new in this kind of trading.
My expierience before was 1m scalping.. with no eye for other timeframes, fiboīs , roundnumbers or anything else.
In choros I need much more training. .. But I know it works!
Risiko birgt immer auch die Chance.
  • #9,674
  • Oct 3, 2013 5:04am Oct 3, 2013 5:04am
EJ M15 First touch of the 35 Sma !
And decided to half all lotsizes until be better trained!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 3.10.2013 drei.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #9,675
  • Oct 3, 2013 5:40am Oct 3, 2013 5:40am
Quoting Sesamstrasse
EJ M15 First touch of the 35 Sma ! And decided to half all lotsizes until be better trained! {image}
I've taken the same trade but got nearly stopped out. Maybe we should have waited for a better rejection of the 35 EMA. The short legged Doji was pretty weak.
Be water, my friend
  • #9,676
  • Oct 3, 2013 5:45am Oct 3, 2013 5:45am
Quoting spocktrader
{quote} I've taken the same trade but got nearly stopped out. Maybe we should have waited for a better rejection of the 35 EMA. The short legged Doji was pretty weak.

.. Also BE ( I thing itīs BE day.. 3 times until now in a row) and waiting for a little better moves after news.
Risiko birgt immer auch die Chance.
  • #9,677
  • Oct 3, 2013 6:15am Oct 3, 2013 6:15am
Quoting Sesamstrasse
{quote} .. Also BE ( I thing itīs BE day.. 3 times until now in a row) and waiting for a little better moves after news.

BE (break even)?? How do you do that? Price hardly moved since the opening of the next candle? Or did you open right away when price touched the EMA. In any case, that's difficult since the EMA moves and bounces before the close of the candle.
Be water, my friend
  • #9,678
  • Oct 3, 2013 6:19am Oct 3, 2013 6:19am
Quoting spocktrader
{quote} BE (break even)?? How do you do that? Price hardly moved since the opening of the next candle? Or did you open right away when price touched the EMA. In any case, that's difficult since the EMA moves and bounces before the close of the candle.

I entered exactly the touch of the 35 sma and triggered quickly to BE .. ( after 5 pips profit or so )
Risiko birgt immer auch die Chance.
  • #9,679
  • Oct 3, 2013 6:39am Oct 3, 2013 6:39am
Quoting spocktrader
{quote} BE (break even)?? How do you do that? Price hardly moved since the opening of the next candle? Or did you open right away when price touched the EMA. In any case, that's difficult since the EMA moves and bounces before the close of the candle.
You haven't seen his spread, 0.3 p for EJ !!!!!!

I also meant to ask you Sesamstrasse what is your experience with your broker? Your spreads are unbelievable (I am assuming he is ECN, how about his comissions?)
  • #9,680
  • Oct 3, 2013 7:03am Oct 3, 2013 7:03am
Quoting Sesamstrasse
{quote} I entered exactly the touch of the 35 sma and triggered quickly to BE .. ( after 5 pips profit or so )
I advice to take a risk and not move to BE so quick. Let the trade breathe, move ot BE after 20-30 pips profit, if the entry is in right place than believe in it, don't move to BE so quick.
Personally I almost never move to BE (I trail the s/l manually when I see large movement after entry) - I prefer to get out manually when I see price hesitates, but always hunt 1% profit
On my way to financial independence - if others can do it - I can do it
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