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CHOROS System

  • #11,021
  • Jul 7, 2014 3:48am Jul 7, 2014 3:48am
Quoting Whatsmyname
Good morning everybody, I was eyeing E/Y just now and trying to filter possible trades using the 1 min tf. Now the market moves without me. But as everything has also a bright side, the good thing about this one is, I did not try to catch the move after the train left the station. Normally I would try to catch this one. My problem with this one is, I wasn't able to read what the market is tell me. I know Kostas is very successful with this method, and I am trying to filter trades using his method. If anybody has the time, could help me out on this...
Sry.. Canīt help you.. dont understand your chart .. too many lines .. getting confused..
Guido
Risiko birgt immer auch die Chance.
  • #11,022
  • Jul 7, 2014 3:52am Jul 7, 2014 3:52am
This is my second trade of the day. Closed for a total of 17,5 pips.

I tryed to stick to one currency only (GBP/USD) but decided to expand today.

This is my DAX trade.
I jumped on after I saw the Doji at the 35/50 confluence with a 12 pip sl

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30 12pips.jpg Size: 349 KB


Moved sl to the top of the next candle (stop 7pips)

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30 7 Pips.jpg Size: 364 KB


Now I am BE+7

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30 TS1 7 Pips.jpg Size: 351 KB


Took partial profit since price was approaching support of the long wick and price seemed to go shy.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30 TS1 7 Pips partial profit 19.jpg Size: 344 KB


closed the trade for good as price seemed to reverse on m1 tf

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30 Close.jpg Size: 316 KB
Never stop to learn
  • #11,023
  • Jul 7, 2014 3:59am Jul 7, 2014 3:59am
Quoting Whatsmyname
This is my second trade of the day. Closed for a total of 17,5 pips. I tryed to stick to one currency only (GBP/USD) but decided to expand today. This is my DAX trade. I jumped on after I saw the Doji at the 35/50 confluence with a 12 pip sl {image} Moved sl to the top of the next candle (stop 7pips) {image} Now I am BE+7 {image} Took partial profit since price was approaching support of the long wick and price seemed to go shy. {image} closed the trade for good as price seemed to reverse on m1 tf {image}
Sometimes the dax gives incredible good signals!!
I just don īt take it .. my spread is 2 pips with this broker .. that s tooo much for my taste ...
I see great dax entries in M15 very often ^^


EDIT : do your arrows mark entry and exit ??
Risiko birgt immer auch die Chance.
  • #11,024
  • Edited 4:25am Jul 7, 2014 4:12am | Edited 4:25am
Quoting Sesamstrasse
{quote} Sry.. Canīt help you.. dont understand your chart .. too many lines .. getting confused.. Guido
Yeah, I the chart looks messed up.
I use the higher TF MA on the shorter TFs. Meaning the m15 chart has the H1 50 EMA (red dashed), 35 SMA (black dashed) and 10 EMA (purple dashed)
and the D1 50 EMA (red dashes and dots), 35 SMA (black dashes and dots) and 10 EMA (dashes and dots).

I use the same colour and same system for the next higher TF. That is H1 has only the D1 MA as dashes.

I did clean up the chart and post both the one I posted above and the cleaned up version. All hight MA's on the m15 and m1 TF are removed.

Original Chart

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Possible Entry.jpg Size: 340 KB


and the cleaned up version of the above

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Possible Entry cleaned up 2nd.jpg Size: 328 KB


Thanks for taking the time Guido.
Very much appreciated, bro


***Edit***
I was eyeing the H1 touch of 10 EMA
Never stop to learn
  • #11,025
  • Jul 7, 2014 4:18am Jul 7, 2014 4:18am
Quoting Sesamstrasse
{quote} Sometimes the dax gives incredible good signals!! I just don īt take it .. my spread is 2 pips with this broker .. that s tooo much for my taste ... I see great dax entries in M15 very often ^^ EDIT : do your arrows mark entry and exit ??
Thanks Guido.

The arrows only mark the candles I entred and exited.
The entry you can tell by the dotted green line. Same goes for the stops. But the exits price is not shown.
My entry was 10.004 and 1st exit 9888 and 2nd 9985
Never stop to learn
  • #11,026
  • Jul 7, 2014 4:36am Jul 7, 2014 4:36am
My second trade of the day was the GU.
Pls advise me on this one as well.

I took this trade, cause of the prior downward preassure. On the m5 TF I saw 10 EMA scooped down and price was not able to
break the 50 EMA. I took this trade of the constrainment of 50 EMA on the m5.
I saw the same on m15. Price constrainment at EMA 50 with the upper wicks touching H1 EMA 50.

SL 8 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 7.7. -1 8 Pips.jpg Size: 350 KB


Price action was not to my liking, so I took out half of the position

Attached Image (click to enlarge)
Click to Enlarge Name: GU 7.7. -1 took out half position.jpg Size: 336 KB


After the close above EMA 50 (m15) I closed the trade.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 7.7. -1 close.jpg Size: 328 KB
Never stop to learn
  • #11,027
  • Jul 7, 2014 5:06am Jul 7, 2014 5:06am
Quoting Whatsmyname
My second trade of the day was the GU. Pls advise me on this one as well. I took this trade, cause of the prior downward preassure. On the m5 TF I saw 10 EMA scooped down and price was not able to break the 50 EMA. I took this trade of the constrainment of 50 EMA on the m5. I saw the same on m15. Price constrainment at EMA 50 with the upper wicks touching H1 EMA 50. SL 8 pips. {image} Price action was not to my liking, so I took out half of the position {image} After the close above EMA 50 (m15) I closed the trade. {image}
GU , I took the same trade , in H1 ..constrainment trade ^^
Mondays I only use the half portion ..
TP around 20 , SL 8
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdch1.png 7.7..png Size: 47 KB
Risiko birgt immer auch die Chance.
  • #11,028
  • Jul 7, 2014 5:25am Jul 7, 2014 5:25am
You managed your position better.
I chickened out on the smaller time frame trying
to keep the loss as small as possible.
Looking at the chart now, I was too focused on the smaller TF.
Actually the move up would have been a good entry at the 50 EMA or even better at the round number.
Never stop to learn
  • #11,029
  • Jul 7, 2014 5:35am Jul 7, 2014 5:35am
Quoting Whatsmyname
You managed your position better. I chickened out on the smaller time frame trying to keep the loss as small as possible. Looking at the chart now, I was too focused on the smaller TF. Actually the move up would have been a good entry at the 50 EMA or even better at the round number.
I kicked my trade out with + 18 pips ..
Just donīt like smaller tfīs than M15 since last year .
I donīt like swithing the timeframes , it confuses me a little ..
And Iīm still in testing modus of H1 + H4 .
But the results are amazing ...
15 of 17 trades are winners ( all around 18-24 pips ) , one BE and only one loser .
Second thing is :
My work is very stressful .. so 'I cannot watch priceaction anymore in less than h1 ..
In 83 H1 trades , I īll know if H1 is good for me or not .. we will see.. M15 was good to me ..
During august the markets will be very slow IMO , so I canīt say if I will trade then ..
.. better not ..
Risiko birgt immer auch die Chance.
  • #11,030
  • Jul 7, 2014 5:42am Jul 7, 2014 5:42am
My EJ trade today. Just got stoped out for a 14 Pip gain.

Took this trade as a 35/50 Touch trade. I fine tuned my entry on the m5 tf.
Saw the price moving back in the upper shadow and entered the trade with a 7 pip sl

Attached Image (click to enlarge)
Click to Enlarge Name: EY 7.7. 2 7pips.jpg Size: 402 KB


Moved sl to BE+ tiny bit

Attached Image (click to enlarge)
Click to Enlarge Name: EY 7.7. 2 TS1.jpg Size: 366 KB


Moved sl to two bar hight as 35/50 are strong downward, I did not want to get stopped out on a breath.

Attached Image (click to enlarge)
Click to Enlarge Name: EY 7.7. 2 TS2 6pips.jpg Size: 362 KB


Still having 35/50 in my eye I left the market a litle room, but didn't want to leave too much room. So I took my time with
moving my ts.

Attached Image (click to enlarge)
Click to Enlarge Name: EY 7.7. 2 TS3 7pips.jpg Size: 360 KB


As I still felt strong about this move, I only moved the stop to just above the pivot which was a litle bit above the H1 pa support.
Eventually I did get stopped out here. Waiting for a reentry on a touch of 10 EMA. Only if the shorter tf pa supports a reentry.

Attached Image (click to enlarge)
Click to Enlarge Name: EY 7.7. 2 TS4 14pips.jpg Size: 360 KB


Cheers,
Never stop to learn
  • #11,031
  • Jul 7, 2014 5:52am Jul 7, 2014 5:52am
Quoting Whatsmyname
My EJ trade today. Just got stoped out for a 14 Pip gain. Took this trade as a 35/50 Touch trade. I fine tuned my entry on the m5 tf. Saw the price moving back in the upper shadow and entered the trade with a 7 pip sl {image} Moved sl to BE+ tiny bit {image} Moved sl to two bar hight as 35/50 are strong downward, I did not want to get stopped out on a breath. {image} Still having 35/50 in my eye I left the market a litle room, but didn't want to leave too much room. So I took my time with moving my ts. {image} As I still felt strong about this move,...
For EJ in M15 is 14 pips absolutely okay !
It was with cable my favourite chart in Dancing style M15.
And spent me lots of pips !
I got very often stopped BE in EJ after 13 pips in profit ... so after a time I took 13 pips as my fix TP there in M15.
Risiko birgt immer auch die Chance.
  • #11,032
  • Jul 7, 2014 6:03am Jul 7, 2014 6:03am
Quoting Sesamstrasse
{quote} For EJ in M15 is 14 pips absolutely okay ! It was with cable my favourite chart in Dancing style M15. And spent me lots of pips ! I got very often stopped BE in EJ after 13 pips in profit ... so after a time I took 13 pips as my fix TP there in M15.
Ah, nice to know. Very interesting. I will put that in my decisions.
It looked like this one will run and run.

Currently looking for an entry on EJ. Touched the 10 just now. But I didn't enter. Following price action on m5 to determine if there is a
possible short entry.
Never stop to learn
  • #11,033
  • Edited 6:46am Jul 7, 2014 6:22am | Edited 6:46am
Quoting Whatsmyname
{quote} Ah, nice to know. Very interesting. I will put that in my decisions. It looked like this one will run and run. Currently looking for an entry on EJ. Touched the 10 just now. But I didn't enter. Following price action on m5 to determine if there is a possible short entry.
Nono , donīt use it for your decisions !!
Trade your own style !!
What workes for me is not a " MUST " working for you ...
And keep in mind :
In EJ M15 , the price touched twice the 35/ 50 level .. !
I īd say It will scoop up and go long .. .. But I donīt trade it .
the possibility for a touch and go again in direction short is only 50/ 50 .. !
Take only clear , first touches .. everything else is called " overtrading "
You can only milk the market before itīs milking you !
Let it run without you .. give it a rest and watch later again .. may be youīll find a good entry for a long touch then ?
Risiko birgt immer auch die Chance.
  • #11,034
  • Jul 7, 2014 6:46am Jul 7, 2014 6:46am
Quoting Sesamstrasse
{quote} Nono , donīt use it for your decisions !! Trade your own style !! What workes for me is not a " MUST " working for you ... And keep in mind : In EJ M15 , the price touched twice the 35/ 50 level .. ! I īday It will scoop up and go long .. .. But I donīt trade it . the possibility for a touch and go again in direction short is only 50/ 50 .. ! Take only clear , first touches .. everything else is called " overtrading " You can only milk the market before itīs milking you ! Let it run without you .. give it a rest and watch later again .....
Thanks for the heads up.
Very true. Your style must not suite mine.
What I meant is, I'll move my stop accordingly. I noticed, I try to run 100 pips with every trade I make.
So I decided I'll go for quick pips. 10-15 Pips. Just like what I did with DAX today.
So when I see the market makes even the slightest attempt to move against me when I am 10, 15 or 20 pips plus,
I'll just pull the trigger. Your input is very valueable.
Never stop to learn
  • #11,035
  • Edited 8:31am Jul 7, 2014 6:58am | Edited 8:31am
Confluence trade on GU.
10 EMA on m15 and 35/50 on m5. I did not take the touch of the 10, as price needed more than 2 candles to get there.
Sl is 9 Pips. This one might go to the round number. The 1,71 is pretty interesting as 10 EMA D1 is sitting at the round number.
The big picture trend is still bullish on this one, so I'll try to stick to quick pips.

I will edit this post as the tade advances.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 7.7.-2 9pip.jpg Size: 333 KB


***Edit***

Here comes the flolow up on this trade.

Moved stop to BE +tiny bit
Attached Image (click to enlarge)
Click to Enlarge Name: gu 7.7.-2 BE.jpg Size: 333 KB


Partial take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 7.7.-2 partiel tp.jpg Size: 345 KB


I switch between m1 and m5 for fine tuning entries and exits.
As I need to leave I would normally exit the position. But on this one
I leave my stop and set a limit order at the round number. Whichever comes
first, I am fine with both

Attached Image (click to enlarge)
Click to Enlarge Name: gu 7.7.-set tp.jpg Size: 335 KB


Cheers,
WMN
Never stop to learn
  • #11,036
  • Jul 7, 2014 8:34am Jul 7, 2014 8:34am
Quoting Whatsmyname
Confluence trade on GU. 10 EMA on m15 and 35/50 on m5. I did not take the touch of the 10, as price needed more than 2 candles to get there. Sl is 9 Pips. This one might go to the round number. The 1,71 is pretty interesting as 10 EMA D1 is sitting at the round number. The big picture trend is still bullish on this one, so I'll try to stick to quick pips. I will edit this post as the tade advances. {image} ***Edit*** Here comes the flolow up on this trade. Moved stop to BE +tiny bit {image} Partial take profit. {image} I switch between m1 and m5...
Looks like you got it .. nice catch
Risiko birgt immer auch die Chance.
  • #11,037
  • Jul 7, 2014 10:48am Jul 7, 2014 10:48am
Quoting Sesamstrasse
{quote} Looks like you got it .. nice catch
Thanks. That means something when you say that
Never stop to learn
  • #11,038
  • Jul 7, 2014 10:54am Jul 7, 2014 10:54am
Follow up on the G/U trade. Price did not go to the round number and stopped me out.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 7.7.-close.jpg Size: 326 KB

Some go, some don't
What counts: I am happy with today's results


Just wanted to share a missed opportunity for quick pips in DAX.
Get in and get out would have been a quick 15 pips. I was watching it when it happened.
Was hoping for a move back on the m1 tf

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 7.7. missed.jpg Size: 349 KB


Happy pipin everybody. Am off again.
Cheers,
WMN
Never stop to learn
  • #11,039
  • Jul 8, 2014 3:21am Jul 8, 2014 3:21am
I am tempted to go long on GU.

10 EMA crossed flatish 35/50. In m5 price is constrained by the 35/50.
The hourly 35/50 spread and the daily is bullish.

Experienced dancers, pls give me feedback.
Would like to know your opinion.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 8.7. tempted to go long.jpg Size: 330 KB


Cheers,
Never stop to learn
  • #11,040
  • Jul 8, 2014 12:34pm Jul 8, 2014 12:34pm
Quoting Whatsmyname
Hello everybody, missed a couple entries today. Either I was not at the computer (which is excusable) or I was staring at the screen trying to get the perfect entry and miss the trade (not too excusable ). I am now in a trade on the GBP/JPY. It is more a support resistance trade. There is a narrow range 20+ pips. The overall trend is bullish. But a nice bearish candlestick pattern formed. I managed my trade using the m1 tf. sl 7 pips tp 20+ pips. TP is not fix. I will observe pa once it reaches there. Any sign of hesitation I am out ...
... has nothing to do with any kind of dancing .. ..
if you mix your trading styles do it ..
But please share only valid Choros / dance entries here .
Risiko birgt immer auch die Chance.
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