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CHOROS System

  • #9,741
  • Edited 5:00am Oct 15, 2013 4:50am | Edited 5:00am
Quoting Eur Usd
my trade of today. 30 pips taken, 1.8% earned. my standard tp is 30 pips and the price did just hit my tp and reversed. entry at touch of 10 ema, exit after 30pips tp. I also added one more rule to my trading. I lowered leverage from 1:50 to 1:20 - it will allow me to take only 2 positions at max and I am out from trading today. I failed too many times due to greed - it's better to earn 1.8% a day than loose 50% {image}
Good job ! sounds like youīre done today.
Not bad!!
But I would not take it ! Itīs not the first touch .
I just came back to my notebook and saw the first touch of cable in M15 ..
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Risiko birgt immer auch die Chance.
  • #9,742
  • Oct 15, 2013 4:52am Oct 15, 2013 4:52am
Quoting spocktrader
Yen's really fighting back right now and leaves my AJ trade struggling. Taken at the touch and reverse of MA35. I entered nearly exactly at the close of the candle. {image} For future trades I'm thinking about waiting for more confirmation, e.g. close above MA 5/10. What do you guys think? cheers spock

I donīt like it , itīs a sloppy move .
I prefer larger candles for a touch.
Risiko birgt immer auch die Chance.
  • #9,743
  • Oct 16, 2013 1:48am Oct 16, 2013 1:48am
Good morning , my first entry today is GU .
I got the signal after the spike in M5 .
It touched the 10 Ema in M5 .
As a second resistance/confirmation I take the WP .
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Risiko birgt immer auch die Chance.
  • #9,744
  • Oct 16, 2013 1:53am Oct 16, 2013 1:53am
Quoting Sesamstrasse
Good morning , my first entry today is GU . I got the signal after the spike in M5 . It touched the 10 Ema in M5 . As a second resistance/confirmation I take the WP . {image} {image}

I am in it, there is price constrainment on 5m chart
On my way to financial independence - if others can do it - I can do it
  • #9,745
  • Oct 16, 2013 1:59am Oct 16, 2013 1:59am
Quoting Eur Usd
{quote} I am in it, there is price constrainment on 5m chart
Oha , really ?? could you please post a chart and mark the constrainment??
I canīt see it . .. and Iīm really bad in finding constrainments!!! REALLY !!
Risiko birgt immer auch die Chance.
  • #9,746
  • Oct 16, 2013 1:59am Oct 16, 2013 1:59am
check this guy: http://www.forexfactory.com/wuza
real ace
On my way to financial independence - if others can do it - I can do it
  • #9,747
  • Oct 16, 2013 2:11am Oct 16, 2013 2:11am
Quoting Sesamstrasse
{quote} Oha , really ?? could you please post a chart and mark the constrainment?? I canīt see it . .. and Iīm really bad in finding constrainments!!! REALLY !!

this is how I see it
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On my way to financial independence - if others can do it - I can do it
  • #9,748
  • Oct 16, 2013 2:18am Oct 16, 2013 2:18am
also I may be wrong, I keep reading abut PA formations - this one looks like a triangle for me, a formation that means continuation of the trend (also inner bars what means that market hesitates but more often the trend will continue than get back)
I expect about 30 pips move up, but may be wrong
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  • #9,749
  • Oct 16, 2013 2:20am Oct 16, 2013 2:20am
also another type of triangle, that shows movement of at least 15 pips
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  • #9,750
  • Oct 16, 2013 2:23am Oct 16, 2013 2:23am
and a trendline (yellow)
you see each inner bar is smaller than previous - once it breaks down from yellow line more than few pips then it means I was wrong (which happens to me often ;-))
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  • #9,751
  • Oct 16, 2013 2:37am Oct 16, 2013 2:37am
next bar slightly breaks out from yellow line, and is smaller than previous one, and if you take a look at it there are 5 bars one into another each one smaller - classic triangle, and another triangle inside.
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  • #9,752
  • Oct 16, 2013 2:46am Oct 16, 2013 2:46am
next bar still obeys the trend line and I am 12 pips on +
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  • #9,753
  • Oct 16, 2013 3:07am Oct 16, 2013 3:07am
and another triangle forming, which means the price will move 12 pips up soon (probably)
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  • #9,754
  • Oct 16, 2013 3:18am Oct 16, 2013 3:18am
another bar opened and price does obey the trendline and I am 21 pips up
notice that my s/l (red line) still wasn't moved, as I let the trade breathe. I will move it to be once 10 ema will be well above my entry and once the profit will be over 20 pips. If the bars were higher I would be moving s/l to the bottom of previous bar, but bars here are small so no point imo
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On my way to financial independence - if others can do it - I can do it
  • #9,755
  • Oct 16, 2013 3:23am Oct 16, 2013 3:23am
Quoting Eur Usd
another bar opened and price does obey the trendline and I am 21 pips up notice that my s/l (red line) still wasn't moved, as I let the trade breathe. I will move it to be once 10 ema will be well above my entry and once the profit will be over 20 pips. If the bars were higher I would be moving s/l to the bottom of previous bar, but bars here are small so no point imo {image}
I got my 15 pips and Iīm looking for a retrace .

opened EU at the touch of ther Ema 10 .. 10 pips in profit yet. .......... waiting for more ^^
Risiko birgt immer auch die Chance.
  • #9,756
  • Oct 16, 2013 3:31am Oct 16, 2013 3:31am
and I am out with 16 pips (1%) profit, I noticed price hesitates and went down few pips. this trade was too long anyway, took about 1,5 hour

and the price just got out from my yellow trend line
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On my way to financial independence - if others can do it - I can do it
  • #9,757
  • Oct 16, 2013 3:34am Oct 16, 2013 3:34am
Quoting Eur Usd
and I am out with 16 pips (1%) profit, I noticed price hesitates and went down few pips. this trade was too long anyway, took about 1,5 hour and the price just got out from my yellow trend line {image}

Goood job.. cash in the wallet.. , now itīs lunchtime ..
Will look 1 H before
US open ^^ !
Risiko birgt immer auch die Chance.
  • #9,758
  • Oct 16, 2013 3:38am Oct 16, 2013 3:38am
Quoting Sesamstrasse
{quote} Goood job.. cash in the wallet.. , now itīs lunchtime .. Will look 1 H before US open ^^ !
I am done for today. trading is boring ;-) besides can't see today as a good day for trading
On my way to financial independence - if others can do it - I can do it
  • #9,759
  • Oct 16, 2013 4:36am Oct 16, 2013 4:36am
Another good entry in the GU is at the retracement : touch of the 35 Sma .
I explained it better in the chatroom http://us14.chatzy.com/31231809696996
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Risiko birgt immer auch die Chance.
  • #9,760
  • Edited 5:22am Oct 16, 2013 5:10am | Edited 5:22am
Quoting Sesamstrasse
Another good entry in the GU is at the retracement : touch of the 35 Sma . I explained it better in the chatroom http://us14.chatzy.com/31231809696996 {image}
too risky for me. bars are getting smaller and smaller, I think it means it will drop down

I will try entry on touch and bounce of 35sma if it happens
On my way to financial independence - if others can do it - I can do it
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