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CHOROS System

  • #11,381
  • Sep 10, 2014 7:45am Sep 10, 2014 7:45am
Quoting yag
{quote} thx sesamstrasse! this is tricky, because often in tokyo session a new trend touches the first time a MA. so after LO it is already a second touch and too risky? thx yag
so I īm very picky with it !
Very rare ( 5-10 of 100 or so ) I accept a second touch .

the first ones are the " safest" .
And more trades means not more pips.
Being picky is profit on the bank .
But this is all written in this thread .. do some " homework " and trade quickly profitable .
The key is here , without training you canīt get it .
Guido
Risiko birgt immer auch die Chance.
  • #11,382
  • Sep 10, 2014 7:52am Sep 10, 2014 7:52am
I have a question to kostas - some time ago you wrote me you were risking much more than now when you started trading choros - what was your risk per trade then?
I am trying to establish risk percentage that will be both safe, but will bring some nice profits. At the moment my risk is 1% but in trades which seem to be good for me Iincrease it to 2 or 3 - by opening 2 or 3 standard positions. How do you do it guys?
On my way to financial independence - if others can do it - I can do it
  • #11,383
  • Sep 10, 2014 8:12am Sep 10, 2014 8:12am
Quoting Sesamstrasse
{quote} so I īm very picky with it ! Very rare ( 5-10 of 100 or so ) I accept a second touch . the first ones are the " safest" . And more trades means not more pips. Being picky is profit on the bank . But this is all written in this thread .. do some " homework " and trade quickly profitable . The key is here , without training you canīt get it . Guido
tx guido, i apreciate and will soon post my "training-chart"-trades
  • #11,384
  • Sep 10, 2014 8:33am Sep 10, 2014 8:33am
Xauusd had good oportunity today!
YOUR MOTHERS ASS
  • #11,385
  • Sep 10, 2014 8:55am Sep 10, 2014 8:55am
guess what: I got letter from my bank today. Percentage on my ISA drops down from 1% to 0.55%. hope my mortgage will be lower as well ;-)
On my way to financial independence - if others can do it - I can do it
  • #11,386
  • Sep 10, 2014 9:45am Sep 10, 2014 9:45am
please to criticize me because i am still learning.
(dont worry, i am only trading&training with microlots)

trade in AU short.
-1 pip (BE)

trigger reason:
-m15 35/50
-H1 10
-RN
-rejection of MA with a Doji
-rejection from tokyo range

thx yag
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 57 KB
  • #11,387
  • Sep 10, 2014 10:06am Sep 10, 2014 10:06am
Quoting yag
please to criticize me because i am still learning. (dont worry, i am only trading&training with microlots) trade in AU short. -1 pip (BE) trigger reason: -m15 35/50 -H1 10 -RN -rejection of MA with a Doji -rejection from tokyo range thx yag {image}
35 and 50 look a bit flat and also the ten is starting to move inside them which could mean a reversal
YOUR MOTHERS ASS
  • #11,388
  • Sep 10, 2014 10:33am Sep 10, 2014 10:33am
Quoting santos23
{quote} 35 and 50 look a bit flat and also the ten is starting to move inside them which could mean a reversal
very useful, thx!
  • #11,389
  • Sep 10, 2014 11:30am Sep 10, 2014 11:30am
Quoting Sesamstrasse
{quote} Here it is ; EJ , UJ , EA( kicked EU last month out and EA is new ) , Cable , Dax ( GE30 ) ECAD and Gcad . I like themm in H1 , because itīs less noise , sometimes I switch to higher TFīs . Nice to fish perfect entries with pending orders , when Iīm not next to my monitor . Guido EDIT : all pairs I īm having in H4 depends to another strat( in testing modus with microlots ) and have nothing to do with this thread .. {image}
Thank you Guido
YOUR MOTHERS ASS
  • #11,390
  • Sep 11, 2014 2:42am Sep 11, 2014 2:42am
Quoting santos23
{quote} 35 and 50 look a bit flat and also the ten is starting to move inside them which could mean a reversal
If the ema 10 is between the 35 Sma + 50 ema , we call it a " MA soup " ..
In this case we have no clear direction of the price .. and wait for a valid setup .
Often youīll find in a higher TF a good setup , then .
Guido
Risiko birgt immer auch die Chance.
  • #11,391
  • Sep 11, 2014 3:17am Sep 11, 2014 3:17am
entry due to constrainment at bit steep 10 ema. Entry at 173,30 - exit at 173.50 due to price hesitating a bit (I went bit more up after my exit)
Attached Image (click to enlarge)
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On my way to financial independence - if others can do it - I can do it
  • #11,392
  • Sep 11, 2014 3:22am Sep 11, 2014 3:22am
and another winner of 20 pips
entry at what I think was first touch at 1.6217 - exit after 20 pips gained
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On my way to financial independence - if others can do it - I can do it
  • #11,393
  • Sep 11, 2014 4:25am Sep 11, 2014 4:25am
and second touch witch constrainment - 9 pips gained and I am off for today ;-)
edit: right after I shut the position it went 20 pips more north and keeps going ;-) bit with 5.5% @51 pips profit today I cannot complain
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On my way to financial independence - if others can do it - I can do it
  • #11,394
  • Sep 11, 2014 5:23am Sep 11, 2014 5:23am
Quoting Sesamstrasse
{quote} Here it is ; EJ , UJ , EA( kicked EU last month out and EA is new ) , Cable , Dax ( GE30 ) ECAD and Gcad . I like themm in H1 , because itīs less noise , sometimes I switch to higher TFīs . Nice to fish perfect entries with pending orders , when Iīm not next to my monitor . Guido EDIT : all pairs I īm having in H4 depends to another strat( in testing modus with microlots ) and have nothing to do with this thread .. {image}
OOH , that is a good view!
Thank you
  • #11,395
  • Sep 11, 2014 7:18am Sep 11, 2014 7:18am
Hereīs my EJ trade :
I took the entry in M5 and in M15.
Missed my target ( 40 pips ) and got stopped + 30 .

So I decided to have a withdrawl of around 93 % of my account .. to have a really .. tiny.. small account .
My new Moneymanagement is: 100 pips to margincall.
If it burns my account , it doesnīt hurt so much .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcM15.png 11.9..png Size: 38 KB
Risiko birgt immer auch die Chance.
  • #11,396
  • Edited 8:10am Sep 11, 2014 7:57am | Edited 8:10am
Great trade Sesamstrasse. Here's my GJ 15@ 35EMA and H1@ 10EMA. not going well so far....stopped out -15 in no time at all. and now it has rebounded sharply off the 50SMA

Attached Image (click to enlarge)
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  • #11,397
  • Sep 11, 2014 8:16am Sep 11, 2014 8:16am
Quoting grantyboy
Great trade Sesamstrasse. Here's my GJ 15@ 35EMA and H1@ 10EMA. not going well so far....stopped out -15 in no time at all. and now it has rebounded sharply off the 50SMA {image}
I never trade this pair !
I like to use the stop like a scalpel .
This pair overruns always the lines , no respect of the MAīs pffffth , not with me !
Guido
Risiko birgt immer auch die Chance.
  • #11,398
  • Sep 11, 2014 8:24am Sep 11, 2014 8:24am
Quoting grantyboy
Great trade Sesamstrasse. Here's my GJ 15@ 35EMA and H1@ 10EMA. not going well so far....stopped out -15 in no time at all. and now it has rebounded sharply off the 50SMA {image}
Am I correct ?
GPJPY H1, candles touched 3 times before ema 10 ?
W.
  • #11,399
  • Sep 11, 2014 8:49am Sep 11, 2014 8:49am
Quoting Sesamstrasse
Hereīs my EJ trade : I took the entry in M5 and in M15. Missed my target ( 40 pips ) and got stopped + 30 . So I decided to have a withdrawl of around 93 % of my account .. to have a really .. tiny.. small account . My new Moneymanagement is: 100 pips to margincall. If it burns my account , it doesnīt hurt so much . Guido {image}
nice profit congrat!

the 35/50 MAs have been flat, why did you take this trade?

for me today only watching sidelines and trying the simulator...
  • #11,400
  • Sep 11, 2014 9:02am Sep 11, 2014 9:02am
Quoting Sesamstrasse
Hereīs my EJ trade : I took the entry in M5 and in M15. Missed my target ( 40 pips ) and got stopped + 30 . So I decided to have a withdrawl of around 93 % of my account .. to have a really .. tiny.. small account . My new Moneymanagement is: 100 pips to margincall. If it burns my account , it doesnīt hurt so much . Guido {image}
how much is the 7% if I may ask?
This way of trading might work for a while.
Few years back I was trading only EU only on news, and only by looking on chart and it's behaviour (didn't even know then what price action is)
There was no s/l, was betting 100% of account (demo) and tp was huge as well, at least 30 pips. was trading after news release - when news (from ff main page) was green for Euro I was trading north, when was red South - same for USD. And it did work for a while - what I noticed is during US sesion it could go against news even 30 pips to go the right direction after and add 50 pips on plus. This way I did about 100% profit first month, and 400% second month. But my luck didn't last forever and during US sessions it was going even 100-120 pips (marigin call for me) opposite side to one you'd expect. It was crazy times when I did believe one can get rich within month.
On my way to financial independence - if others can do it - I can do it
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