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CHOROS System

  • #11,121
  • Edited 2:49pm Jul 18, 2014 7:33am | Edited 2:49pm
Next 20 pips in my pocket .

Cable H1 , touched the 10 ema after a bounce 35& 50 .
I didn t take the bounce at the 50 level , because I expected a scoop upat that moment.
After the price weas falling again , I saw the open below the 10 Ema as a confirmation ..
At the daily S1 , kicked it out .. I expect a rush below the low of 1,7056 .
But with dailz 20 pips I can be more than happy.
Wish all dancers a wonderful weekend .
Guido

Edit .. jep , broke the low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDcH1.png 18.7. 20next pips in the pocket.png Size: 56 KB
Click to Enlarge Name: GBPUSDcH1.png5454545454.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #11,122
  • Jul 19, 2014 9:24am Jul 19, 2014 9:24am
I am reading the manual again, can't remember which time it is. I will stop looking for other signals of PA and will focus only on 3 main trade signals. I remember times when I could do 3% a day easly and 30% a month, and I want them days back ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,123
  • Jul 21, 2014 4:53am Jul 21, 2014 4:53am
now it is one of the situations when PA pattern is against choros rules.
triangle made of last 4 bars points out movement up of at least 6 pips, but I am short on this one - price constrainment on 15m at 35sma and close to round number of 137, on 1h I see touch trade of 10 ema at round number (35 and 50 are getting closer to each other), and on 4h touch and bounce off 10 eme (but 35 and 50 are getting further apart)
I am short on this one and I opened 3 standard positions so am risking over 3% but rr ratio is 1:4.5 so if I win I will get some nice profit today
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
  • #11,124
  • Jul 21, 2014 5:03am Jul 21, 2014 5:03am
Quoting Eur Usd
now it is one of the situations when PA pattern is against choros rules. triangle made of last 4 bars points out movement up of at least 6 pips, but I am short on this one - price constrainment on 15m at 35sma and close to round number of 137, on 1h I see touch trade of 10 ema at round number (35 and 50 are getting closer to each other), and on 4h touch and bounce off 10 eme (but 35 and 50 are getting further apart) I am short on this one and I opened 3 standard positions so am risking over 3% but rr ratio is 1:4.5 so if I win I will get some nice...
Flat Maīs ??
havenīt seen any good setup today .. itīs a very sloppy day .
There are no important news today .. Iīll take a look after us open ..
Risiko birgt immer auch die Chance.
  • #11,125
  • Jul 21, 2014 2:56pm Jul 21, 2014 2:56pm
Quoting Eur Usd
now it is one of the situations when PA pattern is against choros rules. triangle made of last 4 bars points out movement up of at least 6 pips, but I am short on this one - price constrainment on 15m at 35sma and close to round number of 137, on 1h I see touch trade of 10 ema at round number (35 and 50 are getting closer to each other), and on 4h touch and bounce off 10 eme (but 35 and 50 are getting further apart) I am short on this one and I opened 3 standard positions so am risking over 3% but rr ratio is 1:4.5 so if I win I will get some nice...
It didn't work. There was moment when I could grab few pips, but I was hoping for more ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,126
  • Jul 23, 2014 3:18am Jul 23, 2014 3:18am
Hi all,

my first Dance since a while now.
Went short on bearish EUR/AUD with about 13 Pips sl.
Entered on a Constrainment/Confluence on m15 10 and m5 35. Longer term picture is supporting the bears.

Attached Image (click to enlarge)
Click to Enlarge Name: EA 23.7. -1 Confluence m15 10 m5 35 and s1 18Pips.jpg Size: 353 KB


Moved to BE+

Attached Image (click to enlarge)
Click to Enlarge Name: EA 23.7. -1 Confluence m15 10 m5 35 and s1 BE.jpg Size: 341 KB


Closed cause price was hesitating too. Close is the last bull candle top. This trade gave me 11 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: EA 23.7. -1 Confluence m15 10 m5 35 and s1 close.jpg Size: 321 KB


Cheers,
Never stop to learn
  • #11,127
  • Jul 23, 2014 3:21am Jul 23, 2014 3:21am
Quoting Whatsmyname
Hi all, my first Dance since a while now. Went short on bearish EUR/AUD with about 13 Pips sl. Entered on a Constrainment/Confluence on m15 10 and m5 35. Longer term picture is supporting the bears. {image} Moved to BE+ {image} Closed cause price was hesitating too. Close is the last bull candle top. This trade gave me 11 Pips {image} Cheers,
Looks very good !
Being picky brings green results !
Like
Risiko birgt immer auch die Chance.
  • #11,128
  • Jul 23, 2014 4:20am Jul 23, 2014 4:20am
Quoting Sesamstrasse
{quote} Looks very good ! Being picky brings green results ! Like
Thanks Ses
Never stop to learn
  • #11,129
  • Jul 23, 2014 6:38am Jul 23, 2014 6:38am
Cable m15 , first touch 10 Ema .. 11 pips ..
Still waiting in a bounce of the 35 sma in daily cable
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcM15.png 23.7. 2014.png Size: 34 KB
Risiko birgt immer auch die Chance.
  • #11,130
  • Jul 23, 2014 6:40am Jul 23, 2014 6:40am
not sure why but I find choros difficult to trade when 2 years ago it was profitable and easy, maybe it is because it is really difficult to find trade by the book?
On my way to financial independence - if others can do it - I can do it
  • #11,131
  • Jul 23, 2014 6:56am Jul 23, 2014 6:56am
Quoting Eur Usd
not sure why but I find choros difficult to trade when 2 years ago it was profitable and easy, maybe it is because it is really difficult to find trade by the book?
I canīt understand you .
As long as you know the strategy .. keep an eye on steep angles and look for valid entries , it works fine .
Price is always dancing with the the lines ..
Risiko birgt immer auch die Chance.
  • #11,132
  • Edited 2:12pm Jul 23, 2014 9:03am | Edited 2:12pm
Cable Daily
Touch of the 35 Sma .. Half lotsize , expected a drawdown of 35 pips , thatīs why ..
15 pips in profit , set my Sl to BE .
Any Idea about the target ?? I have no experience about daily targets ..
Daily R1 is 55 pips .. think Iīll take it .

EDIT : BE +1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcDaily.png 23.7..png Size: 39 KB
Risiko birgt immer auch die Chance.
  • #11,133
  • Edited 10:54am Jul 23, 2014 10:38am | Edited 10:54am
Quoting Sesamstrasse
Cable Daily Touch of the 35 Sma .. Half lotsize , expected a drawdown of 35 pips , thatīs why .. 15 pips in profit , set my Sl to BE . Any Idea about the target ?? I have no experience about daily targets .. Daily R1 is 55 pips .. think Iīll take it . {image}
which moment did you enter? is it last bar? 10 ema going down, 35 and 50 widening, not parallel, 6 bar retrace, I understand it can work, but it's not by the manual. I can see price reversed to previous resistance point - first 3 green bars on left (resistance becomes support now) so this could be signal but not by the manual

I will post 2 failures of today so others can help me to analyse where the mistake was.
On my way to financial independence - if others can do it - I can do it
  • #11,134
  • Jul 23, 2014 10:48am Jul 23, 2014 10:48am
my first failure of today:
entry marked with red circle around 9am London time. so I will add points:
very steep 10 ema - 2 points
not flattening or horizontal - in moment of entry it wasn't flat or even reversing - 1 point
2 bar retrace - 1 point
I can class it as second pullback as first was at price constrainment between 4 and 6am so another point

so 5 points on plus in total, you should get in when there is at least 3 points.

what talks against trade is that there were no signal on higher frames, and GBP news were close - can't see anything else

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 113 KB
On my way to financial independence - if others can do it - I can do it
  • #11,135
  • Jul 23, 2014 10:51am Jul 23, 2014 10:51am
and second trade - entry circled like before - doesn't look so good but still took a risk as I got 3 points - another failure. not sure what I do wrong.
also I wonder how I can view charts with EMAs in real angles - at the moment angles change when I zoom chart in or out
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 107 KB
On my way to financial independence - if others can do it - I can do it
  • #11,136
  • Jul 23, 2014 11:29am Jul 23, 2014 11:29am
Quoting Eur Usd
{quote} which moment did you enter? is it last bar? 10 ema going down, 35 and 50 widening, not parallel, 6 bar retrace, I understand it can work, but it's not by the manual. I can see price reversed to previous resistance point - first 3 green bars on left (resistance becomes support now) so this could be signal but not by the manual I will post 2 failures of today so others can help me to analyse where the mistake was.
Let me see .. aah m ..
will put it to the normal size and atch the steepness of the angles ..
No ,youīre wrong .. steep angle , around 43° ( 45° is better )so entry at the touch .. valid ..
Looks like I get stopped BE .
Not bad , got a good profit the last weeks and also this week .
Iīm fine with it .
Risiko birgt immer auch die Chance.
  • #11,137
  • Jul 23, 2014 11:32am Jul 23, 2014 11:32am
Quoting Eur Usd
and second trade - entry circled like before - doesn't look so good but still took a risk as I got 3 points - another failure. not sure what I do wrong. also I wonder how I can view charts with EMAs in real angles - at the moment angles change when I zoom chart in or out {image}
Very simple , what you do wrong :
Take only the first touch .. ( if possible exactly at the line ).
In this chart , the price did " the move " already !
I wouldnīt say all my trades go well , but 2 of 3 are winners .
.
Risiko birgt immer auch die Chance.
  • #11,138
  • Edited 11:48am Jul 23, 2014 11:36am | Edited 11:48am
Quoting Eur Usd
my first failure of today: entry marked with red circle around 9am London time. so I will add points: very steep 10 ema - 2 points not flattening or horizontal - in moment of entry it wasn't flat or even reversing - 1 point 2 bar retrace - 1 point I can class it as second pullback as first was at price constrainment between 4 and 6am so another point so 5 points on plus in total, you should get in when there is at least 3 points. what talks against trade is that there were no signal on higher frames, and GBP news were close - can't see anything...
In this trade , the 35 + 50 looks very flat.
The member Kdao made a good post for your case .

http://www.forexfactory.com/showthre...45#post6721945

It looks like you scroll/zoom too much your charts and that way you canīt see the steepnesss about your MA angles .
I do that only for a " fine entry" .. when i see a steep angle and the price is near a line .
Risiko birgt immer auch die Chance.
  • #11,139
  • Jul 23, 2014 12:03pm Jul 23, 2014 12:03pm
Quoting Eur Usd
my first failure of today: entry marked with red circle around 9am London time. so I will add points: very steep 10 ema - 2 points not flattening or horizontal - in moment of entry it wasn't flat or even reversing - 1 point 2 bar retrace - 1 point I can class it as second pullback as first was at price constrainment between 4 and 6am so another point so 5 points on plus in total, you should get in when there is at least 3 points. what talks against trade is that there were no signal on higher frames, and GBP news were close - can't see anything...
If you don't mind I would add few more reasons against this trade...
you were trying to trade short at lowest price since mid of april 2014, which level is always natural support/resistance and is forming strong demand zone
you took a short trade right after bullish candlestick reversal pattern
when you zoom out you will see the swing low started at 137.322 made already four corrections, and you were trying play on fifth correction, weakest possible.... not very promising .... for me first correction is the best to trade.. hope this help a bit...
JacekPreserve Precious Capital
  • #11,140
  • Jul 23, 2014 12:15pm Jul 23, 2014 12:15pm
Quoting Eur Usd
and second trade - entry circled like before - doesn't look so good but still took a risk as I got 3 points - another failure. not sure what I do wrong. also I wonder how I can view charts with EMAs in real angles - at the moment angles change when I zoom chart in or out {image}
And my comment to this trade is following, system you are using to work properly needs TREND... there is no tread, this is an environment of profit realization after strong move we can see on left side... this is very unstable environment because buyers are fighting with sellers, and nobody knows who is going to win, so I rather void such places or wait for a winner to follow him, this is typical situation to play breakout, not a trend ...

and finally , it is much easier to comment a fallen trade then to take good one ...:nerd:
JacekPreserve Precious Capital
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