i will continue to show my trades...also you a nice weekend!
- #11,442
- Edited 12:52pm Sep 19, 2014 7:21am | Edited 12:52pm
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Last one for this week .
17 pips in a picky trade
Ecad , m15 .. first touch .. steep angle.. ... exactly at the touch .
All higher TFīs confirmed.. , AAA entry !
After 7 pips to BE , very touch , because only 8 pips to the round number..
I took the pips and leave the house with a smile in my face.
Cu next week .
Guido
17 pips in a picky trade
Ecad , m15 .. first touch .. steep angle.. ... exactly at the touch .
All higher TFīs confirmed.. , AAA entry !
After 7 pips to BE , very touch , because only 8 pips to the round number..
I took the pips and leave the house with a smile in my face.
Cu next week .
Guido
Risiko birgt immer auch die Chance.
Last one for this week . 17 pips in a picky trade
- #11,444
- Sep 19, 2014 1:30pm Sep 19, 2014 1:30pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #11,446
- Sep 21, 2014 11:43pm Sep 21, 2014 11:43pm
Scanning through my pairs during now in the morning.
I would be interested in hearing what sesam, kostas or anyone else has for opinon on this trade (Still learning and want to make sure my thought process is correct).
Is the following a trade any of you would take IF the current bar where to touch the 10 MA? I am personally staying out of this trade since the slope of the 10 MA is not very steep. Also the pair just put in a lower high wich also goes against any kind of long bias for me.
But i guess it is possible to make a long case, since we are at a whole number, and MA's are all very tight and providing a lot of support. You could also make the case that we have higher lows recently.
Any thoughts on this? Am I right to stay out?
Best regards
I would be interested in hearing what sesam, kostas or anyone else has for opinon on this trade (Still learning and want to make sure my thought process is correct).
Is the following a trade any of you would take IF the current bar where to touch the 10 MA? I am personally staying out of this trade since the slope of the 10 MA is not very steep. Also the pair just put in a lower high wich also goes against any kind of long bias for me.
But i guess it is possible to make a long case, since we are at a whole number, and MA's are all very tight and providing a lot of support. You could also make the case that we have higher lows recently.
Any thoughts on this? Am I right to stay out?
Best regards
- #11,447
- Sep 22, 2014 12:21am Sep 22, 2014 12:21am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #11,448
- Sep 22, 2014 12:25am Sep 22, 2014 12:25am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Am I right to stay out? Best regards
- #11,452
- Edited 2:38am Sep 22, 2014 1:34am | Edited 2:38am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #11,454
- Sep 22, 2014 2:10pm Sep 22, 2014 2:10pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Here is one more of those PMs that makes it all worthwhile:
"Hello Dear Kostas1,
I went through many hassle in trading life. But your Choros Strategy really helped me a lot. I followed your thread for long time and later started trading on live after some months of demo. I don't know how to thank you but your sharing has changed my trading life. And finally making a good money everyday.
If there are any suggestions you would like to give me as your follower I will be grateful.
With Regards,
R***"
Well my dear friend R***, one suggestion I would like to give is to keep up the good work, don't get greedy and if you have some free time share your knowledge with other traders looking for help...
"Hello Dear Kostas1,
I went through many hassle in trading life. But your Choros Strategy really helped me a lot. I followed your thread for long time and later started trading on live after some months of demo. I don't know how to thank you but your sharing has changed my trading life. And finally making a good money everyday.
If there are any suggestions you would like to give me as your follower I will be grateful.
With Regards,
R***"
Well my dear friend R***, one suggestion I would like to give is to keep up the good work, don't get greedy and if you have some free time share your knowledge with other traders looking for help...
- #11,455
- Sep 23, 2014 12:22am Sep 23, 2014 12:22am
Ok guys, here it is: First trade of the day.
In all honesty, it is not a clear cut dance trade. But me reasoning is as follows:
1. Plenty of previous support turns into resistance.
2. Round number
3. Touch of the 35 was pretty aggressive.
4. Even if it is in the wrong direction, it still touches the 10 on H1 chart.
Please ignore the RSI, it has nothing to do with this trade, I used it for some backtesting and forgot to remove it.
Lets have a great day everyone.
In all honesty, it is not a clear cut dance trade. But me reasoning is as follows:
1. Plenty of previous support turns into resistance.
2. Round number
3. Touch of the 35 was pretty aggressive.
4. Even if it is in the wrong direction, it still touches the 10 on H1 chart.
Please ignore the RSI, it has nothing to do with this trade, I used it for some backtesting and forgot to remove it.
Lets have a great day everyone.
- #11,456
- Sep 23, 2014 12:27am Sep 23, 2014 12:27am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Ok guys, here it is: First trade of the day. In all honesty, it is not a clear cut dance trade. But me reasoning is as follows: 1. Plenty of previous support turns into resistance. 2. Round number 3. Touch of the 35 was pretty aggressive. 4. Even if it is in the wrong direction, it still touches the 10 on H1 chart. Please ignore the RSI, it has nothing to do with this trade, I used it for some backtesting and forgot to remove it. {image} Lets have a great day everyone.
the higher timeframes donīt confirm in the direction , but thereīs the next 20 pips no other MA of a higher Tf ,
that can disturb your run ! The next " bigger resistance/ suppport is 144 round number and 35 Sma in H4 .
But the market does what it does!
By the way.. Daily pivot is at 1.4447 , so you can count it as a confluence of 50Ema + DP in m15..
Green pips , Guido
Risiko birgt immer auch die Chance.
- #11,457
- Sep 23, 2014 12:35am Sep 23, 2014 12:35am
{quote} Nono, itīs absotutely valid , I took the same .
Yes we will have to wait and see what happens. At least we have our stops in order and I know what i can lose
I totally missed the daily pivot. Normally have those on the chart but as I have been doing some backtesting on some new possible strategies I must have forgot to put i back on.
- #11,460
- Sep 23, 2014 2:06am Sep 23, 2014 2:06am
So we just had som interesting action in several pairs and since I am still learning and using very small lot sizes, of course i took all of them.
Now it's time to see if I can learn from my misstakes (if any were made).
So the EURJPY and GBPUSD basically gave us the exact same setup (only EURJPY shown here for that reason)
I took this trade simply because of the 2 bar touch of the 10 and since it was a pretty aggressive downmove. (screenshot is taken a bar later therefore the slope has already flattened aggressivly).
I was hesitant since we had a HUGE pinbar signaling a possible reversal att S2 support. But it was a red candle none the less. This and GBPUSD turned in to losses for me. Should I have stayed out because of the pinbar? Any input appreciated as always.
USDJPY presented a simmilar opportunity with a 2 bar touch of the 10EMA with steep angle. Also had support of a round nr. (well it did not touch exactly, i entered on round nr with 10 close by so stops can be close by)
As of right now this one is doing ok and stops moved to BE.
I would also like to ask you more experianced guys what you do in situations like these where several opportunities arise at the same time. Do you take all of them, or do you never enter more than 1 or X amount of trades at a time?
I also realize that according to rules I would stop trading today (2 losses +), but since this is only on my training live account i'll just keep trading to keep the learning progress going.
Now it's time to see if I can learn from my misstakes (if any were made).
So the EURJPY and GBPUSD basically gave us the exact same setup (only EURJPY shown here for that reason)
I took this trade simply because of the 2 bar touch of the 10 and since it was a pretty aggressive downmove. (screenshot is taken a bar later therefore the slope has already flattened aggressivly).
I was hesitant since we had a HUGE pinbar signaling a possible reversal att S2 support. But it was a red candle none the less. This and GBPUSD turned in to losses for me. Should I have stayed out because of the pinbar? Any input appreciated as always.
USDJPY presented a simmilar opportunity with a 2 bar touch of the 10EMA with steep angle. Also had support of a round nr. (well it did not touch exactly, i entered on round nr with 10 close by so stops can be close by)
As of right now this one is doing ok and stops moved to BE.
I would also like to ask you more experianced guys what you do in situations like these where several opportunities arise at the same time. Do you take all of them, or do you never enter more than 1 or X amount of trades at a time?
I also realize that according to rules I would stop trading today (2 losses +), but since this is only on my training live account i'll just keep trading to keep the learning progress going.