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CHOROS System

  • #9,801
  • Oct 29, 2013 6:01am Oct 29, 2013 6:01am
GU 13 pips...
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JacekPreserve Precious Capital
  • #9,802
  • Oct 29, 2013 6:23am Oct 29, 2013 6:23am
Quoting Jackub
GU 13 pips... {image}
Great work. I have 9p from the M5 12 bounce at 8:45 GMT. Waiting for the news now before I enter another trade....
  • #9,803
  • Oct 30, 2013 3:52am Oct 30, 2013 3:52am
I know it is silly question but need to ask - would you class it as price constrainment around 10 ema?
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On my way to financial independence - if others can do it - I can do it
  • #9,804
  • Oct 30, 2013 4:46am Oct 30, 2013 4:46am
a signal to short on EUR/USD
on 15m chart: confluence of 200 ema, daily pivot, double top and then inner pin bar
on 1h: double top at point were 35/50/200 meet
and I screwed and closed by mistake around BE -1
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On my way to financial independence - if others can do it - I can do it
  • #9,805
  • Oct 30, 2013 4:49am Oct 30, 2013 4:49am
Quoting Eur Usd
I know it is silly question but need to ask - would you class it as price constrainment around 10 ema? {image}
I would not... but I am a permanent newbie...
JacekPreserve Precious Capital
  • #9,806
  • Oct 30, 2013 4:51am Oct 30, 2013 4:51am
Quoting Jackub
{quote} I would not... but I am a permanent newbie...
That's what I thought, as it had few touches rather than constrainment
On my way to financial independence - if others can do it - I can do it
  • #9,807
  • Edited 6:03am Oct 30, 2013 5:34am | Edited 6:03am
Anyone else short on GU around 1.6065x?

Daily pivot rejection tweezer top on m15 , h1 35 and h4 10 for confulence

Edit out -7pips,
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  • #9,808
  • Edited 8:05am Oct 30, 2013 6:58am | Edited 8:05am
Quoting Eur Usd
a signal to short on EUR/USD on 15m chart: confluence of 200 ema, daily pivot, double top and then inner pin bar on 1h: double top at point were 35/50/200 meet and I screwed and closed by mistake around BE -1 {image}

I got in it again, and I see something more:
15m - strong resistance area between 1.3755-1.3768 so close to daily pivot and around 200 ema
1h - price stays within 35/50/200 area, 10 ema below 35/50
4h - 10 ema crosses down 50ema
1day and 1 week are still pointing north
must go down imo, but am not sure if my 12 pip s/l will handle

edit: didn't make it - news have hit my s/l
another edit: and it went the way I said it will, over 20 pips so far.
1.6% loss today and I am out from the game
On my way to financial independence - if others can do it - I can do it
  • #9,809
  • Oct 30, 2013 8:06am Oct 30, 2013 8:06am
Quoting Nizdraw
Anyone else short on GU around 1.6065x? Daily pivot rejection tweezer top on m15 , h1 35 and h4 10 for confulence Edit out -7pips, {image}
I am watching GU, but as long I have no stable, same direction trend on M15/H1 will not take any trade...
I have on my M15 140SMA and 200EMA representing 35SMA on H1 and 50EMA on H1...
My plan say, I need them all together same direction, before think about trade......
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what do you say?
JacekPreserve Precious Capital
  • #9,810
  • Oct 30, 2013 8:13am Oct 30, 2013 8:13am
Quoting Jackub
{quote} what do you say?
don't count on somebody elses opinion - you will fail this way
On my way to financial independence - if others can do it - I can do it
  • #9,811
  • Oct 30, 2013 8:17am Oct 30, 2013 8:17am
Quoting Jackub
{quote}My plan say, I need them all together same direction, before think about trade...... {image} what do you say?
I say that is a great filter for your trades !!!

Now from my experience (not classic CHOROS trade), GU will hit a confluence of H4 10, H1 35, DP, maybe H1 50 and then shoot down. But today is a big news day so anything can happen.....
  • #9,812
  • Oct 30, 2013 8:26am Oct 30, 2013 8:26am
Quoting Eur Usd
{quote} don't count on somebody elses opinion - you will fail this way
Thank you for advice,
JacekPreserve Precious Capital
  • #9,813
  • Oct 30, 2013 8:31am Oct 30, 2013 8:31am
Quoting kostas1
{quote} I say that is a great filter for your trades !!! Now from my experience (not classic CHOROS trade), GU will hit a confluence of H4 10, H1 35, DP, maybe H1 50 and then shoot down. But today is a big news day so anything can happen.....
Hope will not filter them all...
JacekPreserve Precious Capital
  • #9,814
  • Edited Oct 31, 2013 10:34am Oct 30, 2013 7:37pm | Edited Oct 31, 2013 10:34am
Trade I took at GBPUSD now:
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Tomorrow I post the result.
=-=-=-=-=-=-=-=-=-=-
Result:
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16 pips of profit.
"In God we trust."
  • #9,815
  • Oct 31, 2013 3:01am Oct 31, 2013 3:01am
looks like I was right about EUR/USD going down - it looked so obvious to me, but the resistance area was too wide - we learn something every day LOL
On my way to financial independence - if others can do it - I can do it
  • #9,816
  • Oct 31, 2013 4:07am Oct 31, 2013 4:07am
GU...15 pips
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JacekPreserve Precious Capital
  • #9,817
  • Oct 31, 2013 4:11am Oct 31, 2013 4:11am
Quoting Jackub
GU...15 pips {image}
what was the reason to enter and exit?
On my way to financial independence - if others can do it - I can do it
  • #9,818
  • Oct 31, 2013 4:37am Oct 31, 2013 4:37am
Quoting Eur Usd
{quote} what was the reason to enter and exit?
Attached Image (click to enlarge)
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Entry:
1. RN 1.60400
2. Vicinity of DP
3. RN 1.60400 tested two times looked strong
4. Touch to 35SMA from H1 TH

EXIT: first trouble aria... in near past
And to be onest entry was made by limit sell order placed this morning
JacekPreserve Precious Capital
  • #9,819
  • Oct 31, 2013 4:40am Oct 31, 2013 4:40am
http://www.forexfactory.com/showthre...37#post7061337

this is what I think of EUR/AUD
On my way to financial independence - if others can do it - I can do it
  • #9,820
  • Oct 31, 2013 5:00am Oct 31, 2013 5:00am
entry at touch of 35 sma - green circle
exit at red circle due to news release in 2 minutes, price hesitating around round number and daily pivot's s1 at 1.3692
I just see that the news pulled price at least 10 pips further, but If I had crystal ball I wouldn't have to trade
16 pips gained
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On my way to financial independence - if others can do it - I can do it
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