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CHOROS System

  • #10,241
  • Jan 30, 2014 3:53am Jan 30, 2014 3:53am
Quoting Sesamstrasse
Touch of the 35 sma in cable / Daily chart Confluence of round number and Monthly Pivot .. Go ! {image}
Hope you got some my friend. I am out with +20p here. Now it will get interesting because a little higher we have a strong confluence of WP, Daily S1, H1 10, M15 35/50. If it bounces down from there it may worth a short.
  • #10,242
  • Jan 30, 2014 4:36am Jan 30, 2014 4:36am
Quoting kostas1
{quote} Hope you got some my friend. I am out with +20p here. Now it will get interesting because a little higher we have a strong confluence of WP, Daily S1, H1 10, M15 35/50. If it bounces down from there it may worth a short.

No , they tricked me again .
after 8 pips profit I took my sl 1 pip below monthly Pivot .. but the price came back .. ran my stop and went north ..

But I found that nice constrainment in ECAD M15 .
was good for 12 pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png constrainment m15 30.1.2014.png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,243
  • Jan 30, 2014 4:53am Jan 30, 2014 4:53am
Hello dancers!

Long time, no post!

I've been dancing with the market pretty well lately

I wanted not to trade today, but I couldn't stay away, made a quick 10 on USD/JPY

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 44 KB
  • #10,244
  • Jan 30, 2014 4:55am Jan 30, 2014 4:55am
Quoting MisterC
Hello dancers! Long time, no post! I've been dancing with the market pretty well lately I wanted not to trade today, but I couldn't stay away, make a quick 10 on USD/JPY {image}

I was thinkin about to enter the same , just didnīt like the Maīs and the daily pivot on the way up .
Risiko birgt immer auch die Chance.
  • #10,245
  • Jan 30, 2014 5:01am Jan 30, 2014 5:01am
Hi kostas. Where exactly did you go long ?

And how big was your stop loss ?

I find that kind of trades very difficult.

Thanks.
  • #10,246
  • Jan 30, 2014 5:22am Jan 30, 2014 5:22am
Quoting 110.110.110
Hi kostas. Where exactly did you go long ? And how big was your stop loss ? I find that kind of trades very difficult. Thanks.
Around 10:55 GMT. Look at the nice M5 double bottom there. Of course, right after my entry I thought it would be a loser since price tried to go down but my SL was below the bottom. As I said trades against the main trend are dangerous and only good for 10-15p. The trades with the main trend are much safer.
  • #10,247
  • Jan 30, 2014 7:06am Jan 30, 2014 7:06am
Simple first touch of the 35 sma , M15 in GCAD
opened exactly with the new candle , expected a dead end and a rush of 12 pips down ..
But it loooks like donīt get what I expect .. - 12 pips now .. and at - 15 Iīll take it manually out ..
Seems like itīs not my day
.......
................sometimes are just bad days .......
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadcm15.png f30.1.2013.png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #10,248
  • Edited 4:02am Jan 31, 2014 3:47am | Edited 4:02am
Bounced 35 sma + 50 ema , in cable M15 ..
..time for 20 pips

edit .. 10 pips .. and lunchtime
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdcm15.png 31.1..png Size: 26 KB
Risiko birgt immer auch die Chance.
  • #10,249
  • Feb 3, 2014 3:17am Feb 3, 2014 3:17am
USDJPY M15
Touch of the 10 EMA, RN and previous S/R.
Was good for 18 pips...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 86 KB
  • #10,250
  • Feb 3, 2014 7:49am Feb 3, 2014 7:49am
Mondaytrading ... Half size ..
Missed a good cable entry --
Hereīs EU , M15 . two bar rule .. but no steep angle !
I used the doji as a confirmation . confluence of the round number and two MAīs


Edit .. 15 pips .. but got stoppped before .. BE for today ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdcm15.png mondaytrading 3.2.22.png Size: 32 KB
Click to Enlarge Name: eurusdcm15.png monday 15 pips.png Size: 30 KB
Risiko birgt immer auch die Chance.
  • #10,251
  • Feb 4, 2014 9:33am Feb 4, 2014 9:33am
Hey dancers !
Iīm looking for a tool that changes my chart from EUR/ USD to USD/EUR ..
I prefer long trading ..but the chart is short .
It has nothing to do with this thread !
Please answer at :
http://www.forexfactory.com/showthre...13#post7258813

thx
Risiko birgt immer auch die Chance.
  • #10,252
  • Feb 5, 2014 10:32am Feb 5, 2014 10:32am

Market went long and spent a few pips

Cought 13 pips full lotsize .. small trade still open , tp 140 .
EJ m15 confluence of the DP and the 10 ema .
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 13,5 pips !!!!!!! 5.2..png Size: 28 KB
Risiko birgt immer auch die Chance.
  • #10,253
  • Feb 6, 2014 4:26am Feb 6, 2014 4:26am
My first trade today in GU. A bit risky prior to the GB rate decision, but the setup looked good so I went in with a very small size.

Trigger was a nice M5 rejection candle after constrainment by the M15 EMA10 (steppy blue line) in an overall downtrend. I entered on a retracement of the candle with a stop of about 8 pips. The trade didn't move for a while, but eventually price dropped. I closed it manually for about 11 pips close to MS1 since rate decision time was approaching.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-06 [GBPUSD,M5].jpg Size: 98 KB
  • #10,254
  • Edited 8:13am Feb 6, 2014 7:50am | Edited 8:13am
ECad Loooong .. 13 Pips
M15 ... first touch , steep angle .. dead end on a MA ..
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png 6.2..png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,255
  • Feb 6, 2014 10:06am Feb 6, 2014 10:06am
Quoting Sesamstrasse
ECad Loooong .. 13 Pips M15 ... first touch , steep angle .. dead end on a MA .. {image}
my view: 6 bars, ema reversing, no dead end...
  • #10,256
  • Feb 6, 2014 10:50am Feb 6, 2014 10:50am
Quoting Sesamstrasse
ECad Loooong .. 13 Pips M15 ... first touch , steep angle .. dead end on a MA .. {image}
Good Call you made your TP
  • #10,257
  • Feb 6, 2014 11:00am Feb 6, 2014 11:00am
Quoting Candlestick
{quote} Good Call you made your TP
No , didn īt take the Tp .. I closed manually + 13 ,7 ..
As every body can see it was the right decision tho close the trade as it was a dead end trade on a Ema 10 .
I always have a security SL and TP but take it often around 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png 6.2. ^^ dead end before.png Size: 23 KB
Risiko birgt immer auch die Chance.
  • #10,258
  • Feb 7, 2014 7:07am Feb 7, 2014 7:07am
I took this trade today at USDJPY.
I don't take the screen shot because I made the trade with my smarthphone. Result is +8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: win.png Size: 40 KB


The trade is at my trade explorer.
"In God we trust."
  • #10,259
  • Feb 7, 2014 7:18am Feb 7, 2014 7:18am
First trade today .. EJ m15
Touch at 10 ema after a testing the 35 sma and 50 ema ( confluence ) .
But I entered as I got the confirmation of the ema 10 ..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 7.2. nfp.png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,260
  • Feb 11, 2014 5:51am Feb 11, 2014 5:51am
What troubles me lately are "near misses". Two examples from today are shown in the GU screenshot. First, price misses the R3 by about 2 pips, and later misses a nice R1 / H1 10 / M15 35 & 50 confluence by 2 pips as well. Is this my feed? What do you do about these? I don't want to enter early - with a stop loss of about 10 pips 2 pips are quite significant. Those seem to happen quite often the last days.

Even if price would visit there later I would think twice about entering since it seems a lot of the orders that could generate a reaction off those points have already been absorbed and it would not be a clean first touch.
Attached Image
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