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CHOROS System

  • #11,301
  • Sep 4, 2014 4:33am Sep 4, 2014 4:33am
Quoting grantyboy
15M constrainment on 10EMA in conjuction with RN but then remembered the session rule. Silly. EDIT: Also just noticed the lower highs on the constrainment bars. Another warning sign. Kicking myself for such a poor entry. 10 SL 20 TP - Expecting Resistance at 98.39 ish but will likely be lucky to get out BE. {image}
Ema 10 between the two others = MA soup .. and flat MA´s as well .
Do your experience with flat ma´s !
I just wanna give you that advice .. will not work often !
Guido
Risiko birgt immer auch die Chance.
  • #11,302
  • Edited 4:58am Sep 4, 2014 4:40am | Edited 4:58am
Quoting Sesamstrasse
{quote} Ema 10 between the two others = MA soup .. and flat MA´s as well . Do your experience with flat ma´s ! I just wanna give you that advice .. will not work often ! Guido
Yes, terrible entry all round.

Very quiet out there and that last trade told me that I was forcing it so going to take the evening off.
  • #11,303
  • Edited 4:58am Sep 4, 2014 4:46am | Edited 4:58am
Quoting grantyboy
{quote} Yes, terrible entry all round.

You´re not the only one who does bad entries!!
Yesterday I burned my 20 pips twice with
1. a bad entry ( not steep enough )
2. a counter entry...
Both not in the rules and that´s what shows me .. bad entries can be greeen .. but still bad entries.

Kicked my Dax trade out + 27 pips , after price was struggeling 2 pips before my target of 35 pips .
That shows me again .. trade by the rules , find good entries .. and green pips will be often the result!
Sometimes I need this lesson , the market shows it to me quickly , and I pay with money for it..
Guido
Risiko birgt immer auch die Chance.
  • #11,304
  • Edited 4:59am Sep 4, 2014 4:54am | Edited 4:59am
Quoting Sesamstrasse
{quote} You´re not the only one who does bad entries!! Yesterday I burned my 20 pips twice with 1. a bad entry ( not steep enough ) 2. a counter entry... Both not in the rules and that´s what shows me .. bad entries can be greeen .. but still bad entries. Kicked my Dax trade out + 27 pips , after price was struggeling 2 pips before my target of 35 pips . That shows me again .. trade by the rules , find good entries .. and green pips will be oftenn the result! Sometimes I need this lesson , the market shows it to me quickly , and I pay with money...

You are right on the way how Prof. Trader, Congratulations¡¡¡

LOVE YOUR LOSSES, this is the Best & Most important lesson that you give us, today.


“Your losing trades do not diminish you as a person. You are not your losing trades.
You are also not winning your trades either. They are simply by-products of the business that
you’re in.” Larry Lewin
"Let us strive to be more parents of our destiny than children of our past"
  • #11,305
  • Sep 4, 2014 8:41am Sep 4, 2014 8:41am
another cockup of today.
yellow circle points where price went of 10 ema after price constrainment, so I cannot count it as first touch.

red line points 1st souch with double top at 10 ema, after 2 bars retrace from trend. And I lost
on my real acount I have lost 30 % within 30 trades within just 2 weeks and I am loosing faith. I know my mistakes - I force trades sometimes, but this time it looked like good trade to me, unfortunatelly it wasn't.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 103 KB
On my way to financial independence - if others can do it - I can do it
  • #11,306
  • Sep 4, 2014 10:05am Sep 4, 2014 10:05am
Quoting Eur Usd
another cockup of today. yellow circle points where price went of 10 ema after price constrainment, so I cannot count it as first touch. red line points 1st souch with double top at 10 ema, after 2 bars retrace from trend. And I lost on my real acount I have lost 30 % within 30 trades within just 2 weeks and I am loosing faith. I know my mistakes - I force trades sometimes, but this time it looked like good trade to me, unfortunatelly it wasn't. {image}

and now it has gone down as I did trade. fuck sake!!
On my way to financial independence - if others can do it - I can do it
  • #11,307
  • Sep 4, 2014 10:41am Sep 4, 2014 10:41am
Quote
another cockup of today.
yellow circle points where price went of 10 ema after price constrainment, so I cannot count it as first touch.

EurUsd, maybe you should considder to look at high impact news and stop trading during that period.
  • #11,308
  • Sep 4, 2014 12:17pm Sep 4, 2014 12:17pm
Quoting Funk65
{quote} EurUsd, maybe you should considder to look at high impact news and stop trading during that period.
The intresting thing in large moves is ;
The Ma´s getting steep .
During the " high volatility time " - minimum 30 min, better one hour after the last high impact news ,
I´d do nothing .

But the market did its move IMO , and now it´s the time to cut a little peace of the cake ..
... myyyyy piece of the cake

So it´s the time to hunt touches on the 10 ema .EJ M15 , I´m in.
I´m hunting ECAD, EJ , EA and may be cable in H1 for the next hours , I´m sure a touch will happen .
Guido
Risiko birgt immer auch die Chance.
  • #11,309
  • Sep 4, 2014 12:39pm Sep 4, 2014 12:39pm
Quoting Sesamstrasse
That´s my dax H1 entry . Just my positionsize is too small .. I will handle that in the next dax trades. 22 pips in + .. triggered to BE , expect 35 pips . {image}
Good evening Guido .
I watched your DAX trad today , can you show more dax trades , please?
Grüsse Klaus
  • #11,310
  • Sep 4, 2014 1:07pm Sep 4, 2014 1:07pm
Hey guys ive made 120% just this week based on the original dance way of trading, I have a question though, I know the imediate trend on the 15M is the one we follow but if the 1H is down and daily is down and the immediate is up do we still follow it or does it have to coincide with bigger timeframes?

I have attached a picture of my setup, I slightly altered my template, I use stoch overbought/sold levels to know if its the right time to take touch trades and other dance trading and other small features.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 157 KB
YOUR MOTHERS ASS
  • #11,311
  • Sep 4, 2014 1:16pm Sep 4, 2014 1:16pm
Quoting santos23
Hey guys ive made 120% just this week based on the original dance way of trading, I have a question though, I know the imediate trend on the 15M is the one we follow but if the 1H is down and daily is down and the immediate is up do we still follow it or does it have to coincide with bigger timeframes? I have attached a picture of my setup, I slightly altered my template, I use stoch overbought/sold levels to know if its the right time to take touch trades and other dance trading and other small features. {image}
120 % a week ?? congrats for a first view!

Your moneymanagement must be terrible .. , but your decision what you do .

Now to your question :
M15 is the trend of the moment , if higher tf´s confirm you got a " GO "
If not , make sure that noth a MA from a higher TF crosses your way too quick !
The MA´s of higher TF´s can be a strong punch !
good luck .. and let us know when you reached the billion
Guido
Risiko birgt immer auch die Chance.
  • #11,312
  • Sep 4, 2014 1:18pm Sep 4, 2014 1:18pm
Quoting Sesamstrasse
{quote} 120 % a week ?? congrats for a first view! Your moneymanagement must be terrible .. , but your decision what you do . Now to your question : M15 is the trend of the moment , if higher tf´s confirm you got a " GO " If not , make sure that noth a MA from a higher TF crosses your way too quick ! The MA´s of higher TF´s can be a strong punch ! good luck .. and let us know when you reached the billion Guido
Thanks Sesamstrasse, yes I havent been taking my MM seriously and thats whats left for me to do, but I have to say im finally consistent and thanks to this way of trading, all the best to everyone here, never give up.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 334 KB
YOUR MOTHERS ASS
  • #11,313
  • Sep 4, 2014 1:38pm Sep 4, 2014 1:38pm
Quoting santos23
Hey guys ive made 120% just this week based on the original dance way of trading, I have a question though, I know the imediate trend on the 15M is the one we follow but if the 1H is down and daily is down and the immediate is up do we still follow it or does it have to coincide with bigger timeframes? I have attached a picture of my setup, I slightly altered my template, I use stoch overbought/sold levels to know if its the right time to take touch trades and other dance trading and other small features. {image}
eop mate. 120% is good profit. I bet you have high leverage and invest 100% money at a time. Fair enough if you have strict s/l set. Just be careful after good weeks like this one: next one may be worse and it may lose you - expectations. next week you'll expect 120% as well - point is you may bet only 10% for example, and then greed will kick in as you'll want another 120% - hope you know what I mean - don't expect too much and don't expect each week will have such nice profits.
On my way to financial independence - if others can do it - I can do it
  • #11,314
  • Sep 4, 2014 1:43pm Sep 4, 2014 1:43pm
as about GU trade - I predicted it will go short this morning as there was price constrainment at 35sma on 1h chart - I was in but price kept bouncing between 1.6457 and 1.6450- so I left the trade as was afraid to lose - now it is 120 pips lower and about 11:50 all went south like birds for winter ;-)
I must say it is easier to trade on demo - you behave different, more irresponsible ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,315
  • Edited 3:53pm Sep 4, 2014 1:45pm | Edited 3:53pm
Quoting santos23
{quote} Thanks Sesamstrasse, yes I havent been taking my MM seriously and thats whats left for me to do, but I have to say im finally consistent and thanks to this way of trading, all the best to everyone here, never give up. {image}
Looks like we have a new talent here .
Good luck with your trading
Guido
Risiko birgt immer auch die Chance.
  • #11,316
  • Sep 4, 2014 1:45pm Sep 4, 2014 1:45pm
Quoting Eur Usd
as about GU trade - I predicted it will go short this morning as there was price constrainment at 35sma on 1h chart - I was in but price kept bouncing between 1.6457 and 1.6450- so I left the trade as was afraid to lose - now it is 120 pips lower and about 11:50 all went south like birds for winter ;-) I must say it is easier to trade on demo - you behave different, more irresponsible ;-)
Nice, I think moving to Break even once your in profit by a few pips is also important, its always good to have a risk free trade without a loss, if it gets hit just move on and find another.
YOUR MOTHERS ASS
  • #11,317
  • Sep 4, 2014 1:50pm Sep 4, 2014 1:50pm
Quoting santos23
{quote} Nice, I think moving to Break even once your in profit by a few pips is also important, its always good to have a risk free trade without a loss, if it gets hit just move on and find another.

I never go for be. when I see price hesitates I just close the trade.
On my way to financial independence - if others can do it - I can do it
  • #11,318
  • Sep 4, 2014 3:52pm Sep 4, 2014 3:52pm
Quoting santos23
{quote} Nice, I think moving to Break even once your in profit by a few pips is also important, its always good to have a risk free trade without a loss, if it gets hit just move on and find another.
I do the same , after arount half way of the target , I move to BE .
I´m successful with it !
Guido
Risiko birgt immer auch die Chance.
  • #11,319
  • Edited Sep 5, 2014 1:26am Sep 4, 2014 7:49pm | Edited Sep 5, 2014 1:26am
Quoting Eur Usd
I have lost 30 % within 30 trades within just 2 weeks and I am loosing faith. I know my mistakes - I force trades sometimes, but this time it looked like good trade to me, unfortunatelly it wasn't. {image}
wow that makes my current trade history (BE over last 2 weeks) look positive. I also struggle with forcing lower probability trades. I think because I want to do this full time so much but can only trade certain times of the day and often miss the "ideal" setups.

All the best with your trading.
  • #11,320
  • Sep 4, 2014 8:35pm Sep 4, 2014 8:35pm
Quoting Eur Usd
{quote} and now it has gone down as I did trade. fuck sake!!
Same experience this morning. Took first touch of 50EMA on EJ, it pushed through 9 pips, took out my 8 pip stop and is now 29 pips in the direction that I was trading it.
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