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CHOROS System

  • #11,081
  • Jul 14, 2014 7:30am Jul 14, 2014 7:30am
Quoting Sesamstrasse
{quote} In ,my eyes itīs no kind of support or resistance level .. Itīs simple a flat with a range about 7 pips. the reason why I didnīt take the first touch M15 was the higher TFīH4 .. as simple as it is . In H4 itīs hanging on Ema 50 . The H4 candle opened below the 50 ema and itīs a short ( 10 Ema below the 35 + 50 ) .. so I donīt trade it . Your EJ m15 entry was great .., but no reason to enter here a long again !
I got out with 6 pips profit only because I am bored of waiting for more ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,082
  • Jul 14, 2014 7:32am Jul 14, 2014 7:32am
Cable H1 constrainment .. SL BE 25 pips in + and wanna let it run .. free trade ^^
EDIT : kicked manually out +34.. .. H1 , I like it more and more ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcH1.png1477.png Size: 49 KB
Risiko birgt immer auch die Chance.
  • #11,083
  • Edited 8:52am Jul 14, 2014 8:40am | Edited 8:52am
Hello guys!

gbp/jpy m15 touch trade
- first touch
- 1 bar to get to the MA
- also DP and RN
SL 10 Pips TP 27 pips

cheers
Andy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 42 KB
  • #11,084
  • Jul 14, 2014 8:43am Jul 14, 2014 8:43am
Quoting Sesamstrasse
{quote} In ,my eyes itīs no kind of support or resistance level .. Itīs simple a flat with a range about 7 pips. the reason why I didnīt take the first touch M15 was the higher TFīH4 .. as simple as it is . In H4 itīs hanging on Ema 50 . The H4 candle opened below the 50 ema and itīs a short ( 10 Ema below the 35 + 50 ) .. so I donīt trade it . Your EJ m15 entry was great .., but no reason to enter here a long again !

Regarding the EJ trade, I would like to try an analysis. Pls correct me if I am wrong.
The 10 EMA on H4 has scooped up. Price respects the 10 EMA. I would take this as a bullish sign.
And 35/50 on m15 have a steep angle.
Wouldn't the retest of the 35 MA on H4 be a good long entry?


Price is really slow. Not fun to sit and wait for this one to unfold.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 14.07. -2 Constrainment confluence 6 pips slow progress.jpg Size: 399 KB
Never stop to learn
  • #11,085
  • Jul 14, 2014 8:52am Jul 14, 2014 8:52am
Quoting Whatsmyname
{quote} Regarding the EJ trade, I would like to try an analysis. Pls correct me if I am wrong. The 10 EMA on H4 has scooped up. Price respects the 10 EMA. I would take this as a bullish sign. And 35/50 on m15 have a steep angle. Wouldn't the retest of the 35 MA on H4 be a good long entry? Price is really slow. Not fun to sit and wait for this one to unfold. {image}
Simple :
As we can see in the manual :
Take only first touches .. ok .....
then .. higher tfīs confirm .. ??
did a higher Tf confirm ??
NOOO it didnīt ! M15 was a wonderful entry , the member EURUSD did !! .. really great !!!
then .. the price retraced back to the M15 10 ema ( but the same time it was H4 35 + 50 on the way up !!)
So that was the reason for me to say.. aah no .. better let it run without me !

And now answering your question about the scoop :
Iīm not a scoop experiented trader, but : the candle broke the 35sma and the 50 ema in h4 , but came Back !!!
So in this case , it looks not like a clear entry signal in any kind .. and i keep patience ..wait for another chance .
.. and cable gave me this chance ..
Risiko birgt immer auch die Chance.
  • #11,086
  • Jul 14, 2014 9:01am Jul 14, 2014 9:01am
Quoting Sesamstrasse
Cable H1 constrainment .. SL BE 25 pips in + and wanna let it run .. free trade ^^ EDIT : kicked manually out +34.. .. H1 , I like it more and more ... {image}
H1 is treating you well. This one would have been the better choice.
Never stop to learn
  • #11,087
  • Jul 14, 2014 9:04am Jul 14, 2014 9:04am
My DAX trade today.

Entered on a confluence of m15 10 and m5 35. I used m1 to fine tune my entry and my exit.
SL 7 Pips TP 27

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 14.07. -1 Confluence 7Pips.jpg Size: 421 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DAX 14.07. -1 Confluence close 27.jpg Size: 391 KB
Never stop to learn
  • #11,088
  • Jul 14, 2014 9:12am Jul 14, 2014 9:12am
Quoting Whatsmyname
{quote} H1 is treating you well. This one would have been the better choice.
Working too good!!
But to have a real statistic , I need more 77 trades ..
But for now it looks incredible .. yes .. and thx
Risiko birgt immer auch die Chance.
  • #11,089
  • Jul 14, 2014 9:28am Jul 14, 2014 9:28am
Short on GN. Confluence of m15 and m5.
Two Candle retrace to 10 EMA m15 with a doji slightly above 10 Ema. Price constrained by 35 m5. 10 EMA m5 is pointing down.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP NZD 14.07. -1 Confluence m15 10 m5 constrainment 15 Pips.jpg Size: 416 KB


***Edit*** Got stoped out to my initial risk.
Never stop to learn
  • #11,090
  • Jul 14, 2014 9:56am Jul 14, 2014 9:56am
Quoting Whatsmyname
Short on GN. Confluence of m15 and m5. Two Candle retrace to 10 EMA m15 with a doji slightly above 10 Ema. Price constrained by 35 m5. 10 EMA m5 is pointing down. {image} ***Edit*** Got stoped out to my initial risk.
Much better than your dax entry
Risiko birgt immer auch die Chance.
  • #11,091
  • Jul 14, 2014 10:00am Jul 14, 2014 10:00am
Quoting Sesamstrasse
{quote} Much better than your dax entry
Haha, Too bad this one got stopped out
Never stop to learn
  • #11,092
  • Jul 14, 2014 10:08am Jul 14, 2014 10:08am
Quoting Whatsmyname
{quote} Haha, Too bad this one got stopped out
Donīt count one ^^ count houndreds !!!
Risiko birgt immer auch die Chance.
  • #11,093
  • Jul 14, 2014 10:20am Jul 14, 2014 10:20am
Quoting Sesamstrasse
{quote} Donīt count one ^^ count houndreds !!!
Very true.

I am off for today.
Happy pips everyone.

Cheers,
Never stop to learn
  • #11,094
  • Jul 14, 2014 11:32am Jul 14, 2014 11:32am
last trade today :
Confluence of the H1 35 sma and H4 10 Ema in ECAD
SL + Tp 20 --- will trigger to BE asap .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADcH1.png 14.7..png Size: 56 KB
Click to Enlarge Name: EURCADcH4.png 14.7..png Size: 53 KB
Risiko birgt immer auch die Chance.
  • #11,095
  • Jul 15, 2014 2:32am Jul 15, 2014 2:32am
Good Morning.
This is how I see EJ for today
triangle, maybe not clear but still. I expect movement to 138.80 area to r2 of daily pivot - movement of at least 35 pips (height of long bar of yesterday morning) from 138.40 area
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 106 KB
On my way to financial independence - if others can do it - I can do it
  • #11,096
  • Jul 15, 2014 3:39am Jul 15, 2014 3:39am
Quoting Eur Usd
Good Morning. This is how I see EJ for today triangle, maybe not clear but still. I expect movement to 138.80 area to r2 of daily pivot - movement of at least 35 pips (height of long bar of yesterday morning) from 138.40 area {image}
I saw the same trade in H1 as a constrainment on the ema 10 .
Daily looked like the price tested the 10 Ema today and come down .. .
But your " touch entry should have been good enough to get stopped BE .

EDIT SL to BE

Added a M15chart .. looks also not nice for a long .
I donīt trade triangles, butterflyīs or any bats .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYcH1.png 15.7 constrainment.png Size: 54 KB
Click to Enlarge Name: EURJPYcDaily.png 15.7..png Size: 40 KB
Click to Enlarge Name: EURJPYcM15.png 15.7. m15 constrainment.png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #11,097
  • Jul 15, 2014 3:40am Jul 15, 2014 3:40am
Quoting Eur Usd
Good Morning. This is how I see EJ for today triangle, maybe not clear but still. I expect movement to 138.80 area to r2 of daily pivot - movement of at least 35 pips (height of long bar of yesterday morning) from 138.40 area {image}
I was wrong ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,098
  • Jul 15, 2014 3:51am Jul 15, 2014 3:51am
Quoting Eur Usd
{quote} I was wrong ;-)
next .
never count only one .. count houndreds to make clear if it works fine to you ..
green pips to you
Risiko birgt immer auch die Chance.
  • #11,099
  • Jul 15, 2014 9:11am Jul 15, 2014 9:11am
Hi Everybody,

not my favourite pair but took took the EU short on Touch of 35/50 with a confluence of H1 and WP.
The screen shows H4. Wanted to see what the next higher TF has to say.
Used m1 to fine tune and confirm the entry. A nice Pin bar formed.

SL 11 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU 15.07. -1 Touch 35 50 Confluence with H1 und WP 11 Pips.jpg Size: 412 KB


Cheers,
Never stop to learn
  • #11,100
  • Jul 15, 2014 10:01am Jul 15, 2014 10:01am
Quoting Whatsmyname
Hi Everybody, not my favourite pair but took took the EU short on Touch of 35/50 with a confluence of H1 and WP. The screen shows H4. Wanted to see what the next higher TF has to say. Used m1 to fine tune and confirm the entry. A nice Pin bar formed. SL 11 Pips {image} Cheers,
news trading .. m1 finetune ??
haaaaaahaaa , You made my day!!
Thaaank you !
will change my status to loughing out loud asap !
Risiko birgt immer auch die Chance.
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