Disliked{quote} At the time of entry they were on top of each other with nice angleIgnored
- #10,523
- Edited Apr 18, 2014 2:03am Apr 17, 2014 1:20pm | Edited Apr 18, 2014 2:03am
{quote} ya agree... That's why I pulled it off at the figure.. previously my target was 16 pips. Thanks for your input.
- #10,526
- Apr 21, 2014 5:41am Apr 21, 2014 5:41am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #10,529
- Apr 22, 2014 11:03am Apr 22, 2014 11:03am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
{quote} Yes, That would be nice If somebody from experienced trader initiate this step.
http://www.chatzy.com/31231809696996
But it wasn´t really helping someone .
the best way to learn it is to read the manual , then start with the simulator .. and after a while start with a Demo or a microaccount.
You will learn quickly if you post your trades !
that´s the way .. all other you must do by yourself..
I´m sure the better experiented traders will help you as excellent as they helped me when I started trading this kind of style !
And in m15 , first touches you can ask me
.. I´m not bad in it 
Risiko birgt immer auch die Chance.
- #10,530
- Apr 22, 2014 11:06am Apr 22, 2014 11:06am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #10,532
- Apr 22, 2014 11:49am Apr 22, 2014 11:49am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #10,535
- Apr 22, 2014 2:38pm Apr 22, 2014 2:38pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} Okay... It's attached now.. Now entry looks good on 5 min to you?? {image}
{quote} You once said you watch 6 pair on 15 min timeframe.. Could you please answer some of the questions. 1, How many hours do you watch charts per day? 2, How many setups on avg can you find according to rules on those 6 charts? 3, How many avg pips do you get daily? and your money management.
1. The more screen hours you spend the more experience you gain and the more setups you can catch; trading can not be thoroughly standardized; some days you spend 1 hour and make 50 pips, some days you spend 5 hours and make nothing....there are days and days; and this leads into point two, as you can't completely standardize trading you can't really tell how many setups you find, but if you look at the market through the rules you might find enough setups to have a pretty good profit at the end of the month (in my experience, everyday gives you a good trade if you watch 6 pairs, I watch 9)...and 3rd...In the manual it's clearly stated that you can average 40 pips a day (I'm guessing that's pro level), but if you follow the rules and trade correctly I don't see a reason why you can't get an average of 15/day
P.S. This system works, make your own statistics
P.P.S. In the beginning don't risk more than 1% per trade/2% per day (in my opinion, but again this is relative to your risk aversion)
- #10,538
- Apr 22, 2014 5:24pm Apr 22, 2014 5:24pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
{quote} 1. The more screen hours you spend the more experience you gain and the more setups you can catch; trading can not be thoroughly standardized; some days you spend 1 hour and make 50 pips, some days you spend 5 hours and make nothing....there are days and days; and this leads into point two, as you can't completely standardize trading you can't really tell how many setups you find, but if you look at the market through the rules you might find enough setups to have a pretty good profit at the end of the month (in my experience, everyday gives...
- #10,540
- Edited 4:02am Apr 23, 2014 3:01am | Edited 4:02am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
{quote} You once said you watch 6 pair on 15 min timeframe.. Could you please answer some of the questions. 1, How many hours do you watch charts per day? 2, How many setups on avg can you find according to rules on those 6 charts? 3, How many avg pips do you get daily? and your money management.
to answer your questions it´s good to know :
I´m a fulltime projectmanager for a famous swedish company ,
I work allover europe and so there´s no time to sit next to my monitor all day and wait for a setup !
But The Dance / Choros is a wonderful system to define when a good setup comes soon !
You can sit to the monitor ( for my tradingstation I use a big second monitor , next to my notebook ) and wait for a breakout!
After a strong breakout .. a steep angle is forming ... and then click .. enter .. manage .. done ..
1. I watch almost every day between meetings or visiting projects my screen ( 1-10 hours )
2. Normally I only trade the 10 ema , very steep ! I don´t count , but it feels like 2-8 setups a day
3. My MM is easy , I use fix 0,1 lot to every 1K to my account , and I donot care if it´s one percent win or lose or stuff .. I´m in green pips
and I had 3 withdrawals the last months .. I´m okay with it .. no need to find a " rule " when to withdrawal ..
And last but not least : It depends on the day how many pips I can catch .. NFP´s are only 1 times a month .. ( I´d like to have them daily )
But something around 10-25 pips is normal for my trading .. 2 of three entries are green .. normally I´m green latest end of week ..
No trick .. no magic .. patience is the key for profit !
If someone has a good advice how to train my patience , let me know !
Risiko birgt immer auch die Chance.