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CHOROS System

  • #10,021
  • Nov 27, 2013 7:36am Nov 27, 2013 7:36am
i am glad you took the advice in the right spirit & did not discarded it as a preaching from a fellow beginner

i practice it real time as well. i have attached my trade explorer & you can notice i have taken merely 5 trades out of 13 days . . but look at what i am doing . . i am building a solid foundation of the principles & i am not at all bothered of not catching trades daily, as i am only bothered about quality setups & avoid trading on days when i am not sure of a specific trade.


Quoting Rcubic
.Hawk. Thanks for you advice, you are totally right, I missed the right entry and I shouldn't enter with that big sl, I will try to focus from now in the high probability trades, with less risk, it all make sense, your words really got me, Thanks, wish you the best
Attached Image (click to enlarge)
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  • #10,022
  • Nov 27, 2013 8:27am Nov 27, 2013 8:27am
Audjpy +15

After .Hawk. advice, I took this trade R:R = 1 , was a touch trade of the confluence of multiples emas, hope it make sense.
Attached Image (click to enlarge)
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  • #10,023
  • Nov 27, 2013 8:49am Nov 27, 2013 8:49am


Quoting Rcubic
Audjpy +15 After .Hawk. advice, I took this trade R:R = 1 , was a touch trade of the confluence of multiples emas, hope it make sense.
  • #10,024
  • Nov 27, 2013 8:59am Nov 27, 2013 8:59am
Servus !
Here´s my EU short this afternoon ^^.
m5 a constrainment trade!!
.. hope a valid one ^^ ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdcm5.png 27-11.png Size: 35 KB
Risiko birgt immer auch die Chance.
  • #10,025
  • Nov 27, 2013 9:45am Nov 27, 2013 9:45am
Quoting Sesamstrasse
Servus ! Here´s my EU short this afternoon ^^. m5 a constrainment trade!! .. hope a valid one ^^ ... {image}
Guess who else took the same train.... (out for about +14p)
For me not a constrainment, I just see a start of a downtrend, wait for the M5 12 bounce and enter. I exited at yesterday's daily high.
Attached Image (click to enlarge)
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  • #10,026
  • Nov 27, 2013 10:27am Nov 27, 2013 10:27am
Quoting kostas1
{quote} Guess who else took the same train.... (out for about +14p) For me not a constrainment, I just see a start of a downtrend, wait for the M5 12 bounce and enter. I exited at yesterday's daily high. {image}

I´m out BE in this trade.




But her is a confluence of the 35 Sma in m 15 and my chart shows the touch of the Ema in H1 .
opened with the two bar rule .
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #10,027
  • Nov 27, 2013 10:42am Nov 27, 2013 10:42am
Quoting Sesamstrasse
{quote} I´m out BE in this trade. But her is a confluence of the 35 Sma in m 15 and my chart shows the touch of the Ema in H1 . opened with the two bar rule . {image}
I am also watching this at the M15 TF, and there the 35/50 have separated, so watching to see if the price goes lower to bounce from M15 50.
  • #10,028
  • Nov 28, 2013 5:00am Nov 28, 2013 5:00am
EU touch trade for long avoided as price was trading at 1.3597 when touch occurred on m15
  • #10,029
  • Nov 28, 2013 5:27am Nov 28, 2013 5:27am
Confluence im M15 EU .
35Sma +50 Ema .
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdcm15.png 28,,11.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #10,030
  • Nov 28, 2013 5:34am Nov 28, 2013 5:34am
Quoting Sesamstrasse
Confluence im M15 EU . 35Sma +50 Ema . {image}
edit . I kicked it out + 2,5 pips , because I didn´t like the action .
I´ll be back tomorrow after the Brittish news in the morning.
I donot expect any kind of priceaction during Thanksgiving . and the day after.
may be it´s better to start my weekend now .
Risiko birgt immer auch die Chance.
  • #10,031
  • Edited 6:01am Nov 28, 2013 5:48am | Edited 6:01am
I see myself as an experienced trader, but recently am tempted to do something againts good trader's practice. I can see where the price will go just by looking at the chart but there are upwards and downwards that close trade on your s/l which is reasonable 15 pips in my case.
what I will do I will trade on 4h charts on EJ and EA with small live account - let's say 10Quid - no s/l only 50-100 tp. position size will be 20% of the account size - what means the marigin call will close trade after about 500-600 pips of movement against me - what do you think about it guys? bit risky but it's only 10 quid
choros indicators and PA for entries

it is method I was trying to implement for a long time and it works with different results. I lasted 2 months max this way but then I was trading 100% of the account ,mostly EU - it gave me profit of 800% within 2 months, but this way I needed only 100 pips to be closed by marigin, so mistake was inevitable - 500 pips is less likely when you trade with proper entry rules on higher frame
the 20% comes from the times when I was complete noob and was trading silver in 2011 - and it worked much better than betting whole account
huge profits this way but lot's of risk, and this is about luck as well.
In this case movement of 100 pips will mean 7% profit, so even one trade a week is a nice profit. of course I need over 80% of positive trades to be profitable

I think about it also due to lack of time and patience to follow trades.
On my way to financial independence - if others can do it - I can do it
  • #10,032
  • Nov 28, 2013 5:58am Nov 28, 2013 5:58am
Quoting Eur Usd
I see myself as an experienced trader, but recently am tempted to do something againts good trader's practice. I can see where the price will go just by looking at the chart but there are upwards and downwards that close trade on your s/l which is reasonable 15 pips in my case. what I will do I will trade on 4h charts on EJ and EA with small live account - let's say 10Quid - no s/l only 50-100 tp. position size will be 20% of the account size - what means the marigin call will close trade after about 500 pips of movement against me - what do you...

Trading is trading!
And Roulette is Roulette!
--- in one of the first sites of the manual ... and I think in alll books .. ebooks about trading you will find ..
Keep it as a jop .. as a kind of work .. !
So are you a professional Roulette player ?
edit :
And in post 5501 you can read : We all have these times. Your priority should be your personal life. I hope all goes well for you and don't forget: No trading if your mind is focused in other things. Market will always be there...... ....

Not my words .. but fit !
Risiko birgt immer auch die Chance.
  • #10,033
  • Nov 28, 2013 6:05am Nov 28, 2013 6:05am
Quoting Sesamstrasse
{quote} Trading is trading! And Roulette is Roulette! --- in one of the first sites of the manual ... and I think in alll books .. ebooks about trading you will find .. Keep it as a jop .. as a kind of work .. ! So are you a professional Roulette player ? edit : And in post 5501 you can read : We all have these times. Your priority should be your personal life. I hope all goes well for you and don't forget: No trading if your mind is focused in other things. Market will always be there...... .... Not my words .. but fit !
Yes, it will be gambling supported by good entry rules, I believe that reasonable entries will help my luck - and yes, again yes - it will be gambling
On my way to financial independence - if others can do it - I can do it
  • #10,034
  • Nov 28, 2013 6:22am Nov 28, 2013 6:22am
Quoting Eur Usd
{quote} Yes, it will be gambling supported by good entry rules, I believe that reasonable entries will help my luck - and yes, again yes - it will be gambling
So you pretend to gamble your way to financial independence (your footer)?

Just one thing: I doubt that the "others" you mention in your footer are gamblers too.

Good luck!
Be water, my friend
  • #10,035
  • Nov 28, 2013 7:20am Nov 28, 2013 7:20am
Took a quick profit of about +8 pips...closed the trade manually (shouldn't have done that but...oh well)

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 37 KB


edit: similar trade setting up on AUDJPY
  • #10,036
  • Nov 28, 2013 7:25am Nov 28, 2013 7:25am
Quoting MisterC
Took a quick profit of about +8 pips...closed the trade manually (shouldn't have done that but...oh well) {image} edit: similar trade setting up on AUDJPY

I would not take it!
The 10 Ema is between the two others!
.. a kind of MA soup .. , no clear signal ..
Risiko birgt immer auch die Chance.
  • #10,037
  • Nov 28, 2013 7:34am Nov 28, 2013 7:34am
Quote
I would not take it!
The 10 Ema is between the two others!
.. a kind of MA soup .. , no clear signal ..

you have a point there, still the 35SMA and R1 were converging plus price tried to go higher and it was rejected so...no place to go but lower
  • #10,038
  • Nov 28, 2013 7:42am Nov 28, 2013 7:42am
Quoting Eur Usd
{quote} I will keep trading traditional way as well. this account will be to play - I don't go out, I don't drink, I don't spend cash on shite so can spend 10 Pounds to gamble ;-) Out of curiosity: In many computer games about WWII you need to kill Germans - how does it look in Germany? are these games popular? do you still play as Ally hero and kill Germans, or do they prepare the games in a different way for German markest? sorry but was curious, sorry for off top
I think you playing too much video games.
  • #10,039
  • Nov 28, 2013 7:47am Nov 28, 2013 7:47am
Scoop up AUDUSD last night for +10.
Attached Image (click to enlarge)
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  • #10,040
  • Nov 28, 2013 7:48am Nov 28, 2013 7:48am
Quoting MisterC
{quote} you have a point there, still the 35SMA and R1 were converging plus price tried to go higher and it was rejected so...no place to go but lower

I would take that one too, I saw it but too late, nice catch.
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