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CHOROS System

  • #10,441
  • Apr 10, 2014 12:55pm Apr 10, 2014 12:55pm
Quoting wealthmaster
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? {image}
That was exactly the trade I mentioned a few hours earlier.
I also took it at the close of the pinbar and stayed for +14p. I was expecting more for an H4 10 reaction, usually it is rather violent on GU. In any case good job!
  • #10,442
  • Apr 10, 2014 1:10pm Apr 10, 2014 1:10pm
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?
  • #10,443
  • Apr 10, 2014 1:12pm Apr 10, 2014 1:12pm
Quoting kostas1
{quote} That was exactly the trade I mentioned a few hours earlier. I also took it at the close of the pinbar and stayed for +14p. I was expecting more for an H4 10 reaction, usually it is rather violent on GU. In any case good job!
Thanks for your input Kostas, Ya GBPUSD is very volatile.. I closed the trade once I saw rejection candle on 5 min.
  • #10,444
  • Apr 10, 2014 4:01pm Apr 10, 2014 4:01pm
Quoting wealthmaster
{quote} Means your risk per trade is now 1%? and you stop trading at -2%? Did I understand you correctly?
Usually 0.25 up to 1%. I stop trading when I get -20 to -25 pips for 1 day.
  • #10,445
  • Apr 11, 2014 5:58am Apr 11, 2014 5:58am
First trade today (and probably last) on GU

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 50 KB


Price broke out of consolidation; I entered when it returned to 10 EMA.

Closed the trade manually at 11 pips (at S1), few seconds later it ran through the place where my TP was (hate when that happens ).
  • #10,446
  • Apr 13, 2014 8:13pm Apr 13, 2014 8:13pm
Quoting kostas1
{quote} Usually 0.25 up to 1%. I stop trading when I get -20 to -25 pips for 1 day.
Thanks for your reply mate...

But still I am still not really sure about your money management.

Do you calculate your risk pip on trade by trade basis or fixed flat lot per day?

example with numbers would be excellent for understanding.
  • #10,447
  • Apr 14, 2014 12:53am Apr 14, 2014 12:53am
Quoting wealthmaster
{quote} Thanks for your reply mate... But still I am still not really sure about your money management. Do you calculate your risk pip on trade by trade basis or fixed flat lot per day? example with numbers would be excellent for understanding.
One lot size that corresponds to risk of 0.25% for 15 pips . When the account grows so that 15 pips correspond to less than 0.25% then lot size is increased accordingly.
  • #10,448
  • Apr 14, 2014 4:14am Apr 14, 2014 4:14am
nzdusd short

sold 0.1 @ 0.86505
sl & tp - 9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15_a.png Size: 35 KB
  • #10,449
  • Apr 14, 2014 4:16am Apr 14, 2014 4:16am
Quoting .Hawk.
nzdusd short sold 0.1 @ 0.86505 sl & tp - 9 pips {image}
Second touch, careful....
  • #10,450
  • Apr 14, 2014 4:19am Apr 14, 2014 4:19am
Attached Image (click to enlarge)
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  • #10,451
  • Apr 14, 2014 4:22am Apr 14, 2014 4:22am

Quoting kostas1
{quote} Second touch, careful....
  • #10,452
  • Apr 14, 2014 4:29am Apr 14, 2014 4:29am
35 / 50 giving some confidence for now

Attached Image (click to enlarge)
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  • #10,453
  • Apr 14, 2014 4:42am Apr 14, 2014 4:42am
Quoting .Hawk.
{image}
wouldnīt take the second touches ,
I did it when I started with Dance/ Choros .. and i was only 50/50 with the results ..
Not enough for my taste ..
Risiko birgt immer auch die Chance.
  • #10,454
  • Apr 14, 2014 4:43am Apr 14, 2014 4:43am
a level is holding it down for now, may turn out to be a winner

this is my one and only trade for today.
Attached Image (click to enlarge)
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  • #10,455
  • Apr 14, 2014 4:45am Apr 14, 2014 4:45am
Quoting .Hawk.
a level is holding it down for now, may turn out to be a winner this is my one and only trade for today. {image}
Sorry to say , but second is second ^^
I looove the first touches on the 10 Ema !
90 % of my trades are first touches at the 10 ema in M15 .. and I īm normally in profit if I stick to the first ones ..

.. and the next thing is :
If you have the trade 6 of 10 pips in profit , why not to Breakeven ?
Risiko birgt immer auch die Chance.
  • #10,456
  • Apr 14, 2014 4:51am Apr 14, 2014 4:51am
let's see how it goes, its a live trade !

i'm confident for a fall looking at 35 / 50 current affair, no worries if i loose.

cheers.

Quoting Sesamstrasse
{quote} wouldnīt take the second touches , I did it when I started with Dance/ Choros .. and i was only 50/50 with the results .. Not enough for my taste ..
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15_e.png Size: 35 KB
  • #10,457
  • Apr 14, 2014 5:07am Apr 14, 2014 5:07am
back in business
Attached Image (click to enlarge)
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  • #10,458
  • Apr 14, 2014 5:14am Apr 14, 2014 5:14am
Quoting .Hawk.
back in business {image}
IMO Itīs betting , not trading !
If you do it this way all the time , your account willl not grow ..
Somebody must pay the market .. and Choros gives you the chance to get payed if you stick to the rules ..
I cannot recommend the second touches .. as I said : 50 /50 ..
I always trade live and i donīt wanna waste money with bad entrys ..


The first one was good !
Risiko birgt immer auch die Chance.
  • #10,459
  • Apr 14, 2014 5:17am Apr 14, 2014 5:17am
Attached Image (click to enlarge)
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  • #10,460
  • Apr 14, 2014 5:20am Apr 14, 2014 5:20am
Quoting Sesamstrasse
{quote} IMO Itīs betting , not trading ! If you do it this way all the time , your account willl not grow .. Somebody must pay the market .. and Choros gives you the chance to get payed if you stick to the rules .. I cannot recommend the second touches .. as I said : 50 /50 .. I always trade live and i donīt wanna waste money with bad entrys .. The first one was good !
Good point!
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