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CHOROS System

  • #11,221
  • Aug 22, 2014 6:16am Aug 22, 2014 6:16am
Quoting fuzz
{quote} Yes, thanx man, I have the equivalents on my charts, but switching looks better.
a clear view makes me more confident in my decisions.
And I can better figure out how many pips I expect / or risk .
.. as simple as it sounds it is !
Risiko birgt immer auch die Chance.
  • #11,222
  • Aug 22, 2014 6:36am Aug 22, 2014 6:36am
Quoting Sesamstrasse
{quote} a clear view makes me more confident in my decisions. And I can better figure out how many pips I expect / or risk . .. as simple as it sounds it is !
I see, makes perfect sense.
What about re-entering on the 10MA touch, it gave 7pips but I only BE on the trade, is completely by the rules right?
  • #11,223
  • Aug 22, 2014 7:58am Aug 22, 2014 7:58am
Quoting fuzz
{quote} I see, makes perfect sense. What about re-entering on the 10MA touch, it gave 7pips but I only BE on the trade, is completely by the rules right?
Your M15 EJ trade looks fine for the first view..
But the second view tells me itīs only a good entry..
Your TP is too small .
EJ is a volatile pair .. not like UJ !
A minimum of 10 is a MUST .. better 13 pips !
In this case , 6-8 pips is excelllent to trigger to BE ( I do it normally when my half target is reached )
Donīt forget , you have the same price ( spread + commissions ) for 7 TP and for 13 !
itīs not the best season to trade..
Better wait some weeks and relax a little.
The year end rally will come soon .. and thatīßs the time when the music plays loud and all people are on the dancefloor
Guido
Risiko birgt immer auch die Chance.
  • #11,224
  • Aug 22, 2014 8:10am Aug 22, 2014 8:10am
Quoting Sesamstrasse
{quote} Your M15 EJ trade looks fine for the first view.. But the second view tells me itīs only a good entry.. Your TP is too small . EJ is a volatile pair .. not like UJ ! A minimum of 10 is a MUST .. better 13 pips ! In this case , 6-8 pips is excelllent to trigger to BE ( I do it normally when my half target is reached ) Donīt forget , you have the same price ( spread + commissions ) for 7 TP and for 13 ! itīs not the best season to trade.. Better wait some weeks and relax a little. The year end rally will come soon .. and thatīßs the time when...
thanx, just to clarify, my TP was 15pips, decided to move to BE after 7 mostly because I felt PA struggling to responde to the 10 bounce
  • #11,225
  • Aug 22, 2014 8:29am Aug 22, 2014 8:29am
Quoting fuzz
{quote} thanx, just to clarify, my TP was 15pips, decided to move to BE after 7 mostly because I felt PA struggling to responde to the 10 bounce

and a nice weekend to all .
Guido
Risiko birgt immer auch die Chance.
  • #11,226
  • Aug 22, 2014 8:34am Aug 22, 2014 8:34am
Hi all
Can you please take a look at the chart below. where would you enter the trade to enter with choros rules?
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On my way to financial independence - if others can do it - I can do it
  • #11,227
  • Aug 22, 2014 9:02am Aug 22, 2014 9:02am
Quoting Eur Usd
Hi all Can you please take a look at the chart below. where would you enter the trade to enter with choros rules? {image}
Would be my one and only entry .( first touch 10 ema below the next round number )
Havenīt seen higher tfīs to confirm .. just a first view .
By the way :
GJ is a nasty bi..h she overruns the lines too quick for my taste ..
During my testing different pairs , she ran often away with my money .( hit a stop ) and came back with a smile ( to my target )
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,228
  • Aug 22, 2014 9:17am Aug 22, 2014 9:17am
wow, took +10pips on AU 1hr touch, if you blink you missed, we're did this volatility came from? :O

Edit: daily target hit, good weekend to all
  • #11,229
  • Aug 22, 2014 12:38pm Aug 22, 2014 12:38pm
Quoting fuzz
wow, took +10pips on AU 1hr touch, if you blink you missed, we're did this volatility came from? :O Edit: daily target hit, good weekend to all
what is your daily target in %?
On my way to financial independence - if others can do it - I can do it
  • #11,230
  • Aug 22, 2014 1:43pm Aug 22, 2014 1:43pm
Quoting Eur Usd
{quote} what is your daily target in %?
Since Im learning I aim for 20 ~ 30 pips daily. What's yours?
  • #11,231
  • Aug 22, 2014 3:05pm Aug 22, 2014 3:05pm
Quoting Sesamstrasse
{quote} June was my most profitable month in pips since ever ( a little less than seven years ) Itīs just the holiday seasons. But if you really want to trade during this season , watch "EXTREMLY " for steep angles and not too small candles. If someone had told me in June : The DAX will fall around 1000 pips in July and August , I had set him to my ignore list .. With this kind of strat you can trade every chart you want .. only in the beginning you should stick to the recommended pairs . And cable gave also very nice entries from time to time...

Thanks guido -- I'm following you closely (if that's not creepy)

Everyone on FF seems to be shopping around right now, but I think everyone should just be on vacation!
Remember that guy who gave up? Neither does anyone else.
  • #11,232
  • Aug 23, 2014 6:22am Aug 23, 2014 6:22am
Quoting fuzz
{quote} Since Im learning I aim for 20 ~ 30 pips daily. What's yours?
minimum that satisfies me is 1% at 10 pips, but usually aim for more
On my way to financial independence - if others can do it - I can do it
  • #11,233
  • Aug 23, 2014 11:11am Aug 23, 2014 11:11am
How about GBP/NZD? Wild volatility and a decent pip spread on FXOpen...usually 4pips. A good choice for this low volatility days imho.
  • #11,234
  • Aug 24, 2014 10:27am Aug 24, 2014 10:27am
Quoting fuzz
How about GBP/NZD? Wild volatility and a decent pip spread on FXOpen...usually 4pips. A good choice for this low volatility days imho.
I`m too greedy for a spread of 4 pips !
I donīt trade the dax because too greedy for 2 pips ( + commissions ).

Cable and EJ gives the best signals.
I also like Ecad ..
Risiko birgt immer auch die Chance.
  • #11,235
  • Aug 25, 2014 1:02pm Aug 25, 2014 1:02pm
Hello dancers!

I am back.

About the volatility of the market , Kostas said that he never trades 1-15/August.
It is a rule.
Now it seems something is moving...
Today I took this ej trade with small sizes as warm up.
First entry after m5/23 rejection and m15 pin gave me confidence (especcially the m5/50 to the pip p.a.)
and took another portion with better price .
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  • #11,236
  • Edited 3:14am Aug 26, 2014 3:13am | Edited 3:14am
Hello guys!
I want to join the party too, after having used the last couple of days studying the dance steps.

My first trade on cable based on 3 bars of constraint against all the MA's.
Might a bit risky as the trend isn't clearly going down yet. We'll see.

EDIT: So far so good. SL moved to BE+1 pip.
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  • #11,237
  • Aug 26, 2014 3:37am Aug 26, 2014 3:37am
Quoting mortentrap
Hello guys! I want to join the party too, after having used the last couple of days studying the dance steps. My first trade on cable based on 3 bars of constraint against all the MA's. Might a bit risky as the trend isn't clearly going down yet. We'll see. EDIT: So far so good. SL moved to BE+1 pip. {image}
Welcome to the party !
Your trade isnīt that good ..

But for the first moment .. just nice to have you here
Guido

PS : Kick the Ema 5 out , gives too many wrong signals
Risiko birgt immer auch die Chance.
  • #11,238
  • Aug 26, 2014 3:48am Aug 26, 2014 3:48am
Quoting Sesamstrasse
{quote} Welcome to the party ! Your trade isnīt that good .. But for the first moment .. just nice to have you here Guido PS : Kick the Ema 5 out , gives too many wrong signals
Thank you
It will surely take some time to learn to trade the best signals. Hopefully it will come.

I guess i'm just lucky i didn't lose on this trade then (still running just underneath the BE+1 SL)

But yes, good idea to keep out the 5 EMA, as it isn't used anyway.
  • #11,239
  • Aug 26, 2014 4:24am Aug 26, 2014 4:24am
Quoting mortentrap
Hello guys! I want to join the party too, after having used the last couple of days studying the dance steps. My first trade on cable based on 3 bars of constraint against all the MA's. Might a bit risky as the trend isn't clearly going down yet. We'll see. EDIT: So far so good. SL moved to BE+1 pip. {image}
Out at +5 pips.
  • #11,240
  • Edited 7:50am Aug 26, 2014 7:01am | Edited 7:50am
looks like a nice constrainment on gbp/usd with a lot of small pin bars
If it will close above the 10EMA, I will close my position. The market doesnīt move a lot.
EDIT: News took me out of the trade.

cheers

Andy
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