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CHOROS System

  • #10,421
  • Apr 8, 2014 7:36am Apr 8, 2014 7:36am
Quoting kostas1
{quote} Same target for today ! Keep in mind that many times with such strong action if there is a decent retrace the M15 10 EMA could appear as a touch after the close of the bar. So you may want to use the M5 to trigger the M15 10 trade.
Nailed it....
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  • #10,422
  • Apr 8, 2014 7:46am Apr 8, 2014 7:46am
Same here... but worse enty. Still good enough
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  • #10,423
  • Apr 8, 2014 7:51am Apr 8, 2014 7:51am
Quoting kostas1
{quote} Nailed it.... {image}
while hunting my cable touch ( 17 pips ) , I got in ECAd 12 + 10 pips ( constrainment trade )
39 pips is double my daily target ..

I´m done !
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Risiko birgt immer auch die Chance.
  • #10,424
  • Apr 9, 2014 5:10am Apr 9, 2014 5:10am
EJ long; pivot point + 10 EMA play as support; price also is constrained above

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Just closed it at +10
  • #10,425
  • Apr 9, 2014 9:10pm Apr 9, 2014 9:10pm
Excellent! Thanks Kostas for still being around here.
I was reading this thread and manual for the last 4 weeks and finally get a grasp now.

Kostas, I have a question for you about your money management. I was reading earlier you had 30-40 pips for the day(3% Risk) and recently you reduced your total loss pips for the day is 15 pips (1% Risk )

My question is, what is your avg stoploss per trade now? If it is 10-12 pips then one bad trade is done for the day??

Thanks
  • #10,426
  • Apr 10, 2014 3:13am Apr 10, 2014 3:13am
Quoting wealthmaster
Excellent! Thanks Kostas for still being around here. I was reading this thread and manual for the last 4 weeks and finally get a grasp now. Kostas, I have a question for you about your money management. I was reading earlier you had 30-40 pips for the day(3% Risk) and recently you reduced your total loss pips for the day is 15 pips (1% Risk ) My question is, what is your avg stoploss per trade now? If it is 10-12 pips then one bad trade is done for the day?? Thanks
Actually my risk is UP to 1%, usually less (due to the size of the acct)....
Avg SL depends on the currency and the noise for that day. A SL of 10 is not enough for a busy GU but it is plenty for AU. Most of the times I will stop a trade manually for less if I see funny things. This will come with experience. If I get a couple of SL for a day, most times I will stop trading.
  • #10,427
  • Apr 10, 2014 7:06am Apr 10, 2014 7:06am
eurcad long

bought 0.1 @ 1.510.35
sl & tp - 9 pips
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  • #10,428
  • Apr 10, 2014 7:16am Apr 10, 2014 7:16am
+ 9
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  • #10,429
  • Apr 10, 2014 7:17am Apr 10, 2014 7:17am
Hey Hawk !
Nice to have you here!
Here´s my 14 pip Cable m15 , first touch of the Ema 10 .
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Risiko birgt immer auch die Chance.
  • #10,430
  • Apr 10, 2014 7:22am Apr 10, 2014 7:22am
eurusd long
bought @ 1.38692
sl & tp - 9 pips
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  • #10,431
  • Apr 10, 2014 7:23am Apr 10, 2014 7:23am

Quoting Sesamstrasse
Hey Hawk ! Nice to have you here! Here´s my 14 pip Cable m15 , first touch of the Ema 10 . {image}
  • #10,432
  • Apr 10, 2014 7:24am Apr 10, 2014 7:24am
Quoting kostas1
{quote} Actually my risk is UP to 1%, usually less (due to the size of the acct).... Avg SL depends on the currency and the noise for that day. A SL of 10 is not enough for a busy GU but it is plenty for AU. Most of the times I will stop a trade manually for less if I see funny things. This will come with experience. If I get a couple of SL for a day, most times I will stop trading.
Means your risk per trade is now 1%? and you stop trading at -2%? Did I understand you correctly?
  • #10,433
  • Apr 10, 2014 7:27am Apr 10, 2014 7:27am
Quoting Sesamstrasse
Hey Hawk ! Nice to have you here! Here´s my 14 pip Cable m15 , first touch of the Ema 10 . {image}
Rare for me, but I am waiting for the H4 10 reaction on GU....
  • #10,434
  • Apr 10, 2014 7:30am Apr 10, 2014 7:30am
- 9 pips on EU
  • #10,435
  • Apr 10, 2014 7:35am Apr 10, 2014 7:35am
Quoting kostas1
{quote} Rare for me, but I am waiting for the H4 10 reaction on GU....
still don´t understand the higher TF´s than M15.
Do they also come " quickly " ?? or is the reaction ( the touch by itself ) quick ?
I tried a daily touch some weeks ago .. and it was tooooooooooo boring for me to wait until the next candle .
Risiko birgt immer auch die Chance.
  • #10,436
  • Apr 10, 2014 7:44am Apr 10, 2014 7:44am
nzdusd short
short @ 0.87035
sl & tp - 9 pips
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  • #10,437
  • Apr 10, 2014 7:47am Apr 10, 2014 7:47am
tp increased, sl same
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  • #10,438
  • Apr 10, 2014 8:04am Apr 10, 2014 8:04am
NU trade running at + 11 pips currently, be + 1

my third & last trade of the day
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  • #10,439
  • Apr 10, 2014 8:19am Apr 10, 2014 8:19am
price apprehensive to move, manually closed NU for + 11 pips, done for the day with + 11 pips
  • #10,440
  • Apr 10, 2014 11:06am Apr 10, 2014 11:06am
Here is my first trade. 7 pip winner on GBPUSD. 4H 10EMA , Daily Piviot. Entered on 5 min pinbar. Stoploss was 18 pips .If I held it I would have got 18 pips.
Was it okay ,Kostas?

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