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CHOROS System

  • #10,141
  • Dec 5, 2013 4:23am Dec 5, 2013 4:23am
Quoting kostas1
{quote} I am also watching GU, but important news in next 1-2 hrs, so wait for the shit-storm first, then decide what to do. GU likes to take out a lot of stops before heading in the right direction and usually news are the catalyst for that....
Aye aye! Gonna wait for the news!
Damn The Torpedoes, Full Speed Ahead!
  • #10,142
  • Dec 5, 2013 4:32am Dec 5, 2013 4:32am
Quoting DizzleFX
{quote} Aye aye! Gonna wait for the news!
Good choice. I just missed a great M5 12 rejection on it, but patience is the name of the game. Choose wisely your trades...
  • #10,143
  • Dec 5, 2013 6:10am Dec 5, 2013 6:10am
Hello gang, just got in a position, 10 MA touch + RN + S/R , comments are very welcome
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  • #10,144
  • Dec 5, 2013 6:50am Dec 5, 2013 6:50am
Quoting ForexForce
Hello gang, just got in a position, 10 MA touch + RN + S/R , comments are very welcome {image}


First too many lines for my taste in your M15 chart.
The trade :
...a second touch ..
Too many candles to get there .
I can not recommend this style , earlier or later you will burn money with it.
Risiko birgt immer auch die Chance.
  • #10,145
  • Dec 5, 2013 6:59am Dec 5, 2013 6:59am
Quoting ForexForce
Hello gang, just got in a position, 10 MA touch + RN + S/R , comments are very welcome {image}

I can recommend the simulator!
Use it !
Risiko birgt immer auch die Chance.
  • #10,146
  • Dec 5, 2013 7:06am Dec 5, 2013 7:06am
Quoting Sesamstrasse
{quote} First too many lines for my taste in your M15 chart. The trade : ...a second touch .. Too many candles to get there . I can not recommend this style , earlier or later you will burn money with it.
I see, but what do you mean about "too many candles to get there"? I understand this is the second touch, thus it makes the signal weaker, but on the second touch it took only one candle to "get there".

regards
  • #10,147
  • Dec 5, 2013 7:18am Dec 5, 2013 7:18am
Read the rules!
4. “Touch Trade Entries” must be taken off of a steep MA and are only acceptable IF Price has have moved at least 15 pips in the direction of the trade, and opposite pull back that creates the “touch” which is a short, very fast “run back” to the lines “touched”. (explained in the price action sections.) 1. Taken off a steep 10 EMA must also be above the 50 EMA/ 35 SMA Lines for longs and below for shorts. 1. ONLY trade the “touch” of the 10 EMA IF it is the FIRST or SECOND bar in the retrace, it has a VERY STEEP angle (see example later in manual), price has moved a strong “distance” of more than 15 pips and you trade it EXACTLY at the “touch” with no more then 9-11 pips SL.

I can recommend: Use the simulator to learn .
You will very quickly know when to enter!
Risiko birgt immer auch die Chance.
  • #10,148
  • Dec 5, 2013 7:18am Dec 5, 2013 7:18am
Quoting Sesamstrasse
{quote} I can recommend the simulator! Use it !
I do use the sim a lot TBH, and forgot to mention on earlier post, those lines come from another similar strategy "trade what you see", I think the dance complements and refines some entries on that strategy quite well. On that trade took 10pips, and rest out at BE+2. (And also TBH I entered long as soon as price touched the previous S/R using 1h hammer as trigger, already took 10pips and rest locked at BE+2, but this has nothing to do with this particular strategy ).

best regards
  • #10,149
  • Dec 5, 2013 7:20am Dec 5, 2013 7:20am
Quoting Sesamstrasse
Read the rules! 4. “Touch Trade Entries” must be taken off of a steep MA and are only acceptable IF Price has have moved at least 15 pips in the direction of the trade, and opposite pull back that creates the “touch” which is a short, very fast “run back” to the lines “touched”. (explained in the price action sections.) 1. Taken off a steep 10 EMA must also be above the 50 EMA/ 35 SMA Lines for longs and below for shorts. 1. ONLY trade the “touch” of the 10 EMA IF it is the FIRST or SECOND bar in the retrace, it has a VERY STEEP angle (see example...
I see thanks a lot man
  • #10,150
  • Dec 5, 2013 7:26am Dec 5, 2013 7:26am
Quoting ForexForce
{quote} I do use the sim a lot TBH, and forgot to mention on earlier post, those lines come from another similar strategy "trade what you see", I think the dance complements and refines some entries on that strategy quite well. On that trade took 10pips, and rest out at BE+2. (And also TBH I entered long as soon as price touched the previous S/R using 1h hammer as trigger, already took 10pips and rest locked at BE+2, but this has nothing to do with this particular strategy ). best regards

I used only the M15 chart in the simulator and i was from the first day profitable .
That was 50 % of my AHA - moment.
I started with tp/sl 10 fix.
The good thing is you can move it faster to a point , where you expect a move/ priceaction .
Later I used it also for other Tf´s . but m15 is my most profitable .. just suits to me .
Good luck
Guido
Risiko birgt immer auch die Chance.
  • #10,151
  • Dec 5, 2013 8:44am Dec 5, 2013 8:44am
For me it looked like a constrainment.
Not sure , because I´m normally really bad in finding them .
Strange was , that all the other US pairs went long , while cable didn´t make the long move.
whatever! I´m 13 pips in this trade in profit and kick it out with 15 pips.
Edit : got stopped + 9 .. fine .. 28 pips so far today
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #10,152
  • Edited 9:27am Dec 6, 2013 8:52am | Edited 9:27am
Hey!
Classic touch of a 10 Ema in EURAUD.
Two bar rule downwards .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euraudcm15.png 20 pips.png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #10,153
  • Dec 6, 2013 10:08am Dec 6, 2013 10:08am
Next and last one today :
Tried to catch it at the Ema 10 , but got stopped ..
entered again on the 35 sma ..
Cable m15 .
SL 4 pips , Tp ?? around 10-20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdcm15.png nfp.png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #10,154
  • Dec 9, 2013 6:56am Dec 9, 2013 6:56am
Hey !
My first profitable trade is a scoop up in GCAD .
I took the signal in M5 and I wanted as a start 10 pips .
This morning I had only 2 BE´s , so I closed quickly to keep a little profit.
Today I donot expect much .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadcm5.png 9.12..png Size: 38 KB
Risiko birgt immer auch die Chance.
  • #10,155
  • Dec 9, 2013 7:35am Dec 9, 2013 7:35am
Quoting Sesamstrasse
Hey! Classic touch of a 10 Ema in EURAUD. Two bar rule downwards . {image} {image}
Right, then - I missed it.
And I'm long Aud/usd because I can't read my own charts - mistook the 200MA for the 50MA (that'll teach me to clutter things up with too many lines). So now I'm praying it WILL get up over the 50MA...and then I'll have a great entry price.
Writer, currency trader, madman
  • #10,156
  • Dec 9, 2013 10:09am Dec 9, 2013 10:09am
My last trade in this sloppy market today !
It´s ECAD , m15 .. abounce of the 35sma and a second later bounced it the 50 Ema.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png 9.12..png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #10,157
  • Dec 10, 2013 8:33am Dec 10, 2013 8:33am
Dear dancers.
Today supermario was on my newscalendar.
I expected a move around 100 pips in any direction .
But there was no big move.
This is what I got from my expected scoop up .
20pips , but waiting for a touch and try to catch 15 pips more.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdcm15.pngn scoop 10.12..png Size: 36 KB
Risiko birgt immer auch die Chance.
  • #10,158
  • Dec 10, 2013 10:02am Dec 10, 2013 10:02am
My 18p for today was AU, bouncing from M5 12/23 (also M15 10).
Attached Image (click to enlarge)
Click to Enlarge Name: AU1.jpg Size: 121 KB
  • #10,159
  • Dec 10, 2013 10:15am Dec 10, 2013 10:15am
I have a lot to learn, I'm just glad I'm learning from some great traders in this thread...thanks everyone for posting your charts etc It really helps people learning to dance like me!
  • #10,160
  • Dec 11, 2013 2:55am Dec 11, 2013 2:55am
Got in on the pullback to the 10ema. Its EJ on M5. Just closed a portion of the trade and gonna let the rest run for the remainder of the ADR.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 28 KB
Damn The Torpedoes, Full Speed Ahead!
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