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CHOROS System

  • #11,581
  • Edited 7:34am Oct 20, 2014 12:40am | Edited 7:34am
I did buy on last 3rd bar(pin bar),still in,is it constrain? thanks

can not edit the image with phone,sorry.

I did buy at the last 3rd bar(I think it is pin bar) and still in , but looks not good, after 3 bars still -pips, need to wait longer or exit?

Sorry can not edit the image with phone.
Attached Image (click to enlarge)
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  • #11,582
  • Edited 3:37am Oct 20, 2014 3:15am | Edited 3:37am
Quoting txhdeve
I did buy on last 3rd bar(pin bar),still in,is it constrain? thanks can not edit the image with phone,sorry. {image}
So look on your chart , are 35 Sma + 50 Ema in a nice uptrend ??
are they close to eachother ??

Is it a clear retrace in a trend ?
Higher Tfīs confirmed ?
Thatīs the reason why your entry isnīt ok !

by the way ; your candle opened below the 10 Ema, what is a sign , the market donīt know the right direction ..
If the MA angles were steep , the 50 Ema and the 35 Sma were more close to eachother .. the touch of the 50 Ema would be the entry point.
You better start with the simulator and get an eye for good entries.
and one more reason to donīt enter : the market has a range about 15 pips the last 2 hours, what is very slow.
Mondays are often very slow.
Guido
Risiko birgt immer auch die Chance.
  • #11,583
  • Oct 20, 2014 4:16am Oct 20, 2014 4:16am
thanks for comment, yes, I lost this by the long down bar, I was so anxious to jump into. Tough day. need to more practice, thanks again.
  • #11,584
  • Edited 7:54am Oct 20, 2014 7:25am | Edited 7:54am
Took another one ,

Exit half with 10 pips, leave another half with BE+1.

according:

1. M15 10EMA
2. M5 35/50 --fine tune
3. previous P/A

Any comments, thanks.

Update: Second half was stopped with 2 pips, should exit all with 10 pips. because on H1, it formed long upper wick, and also, there is Monthly Pivot.
Attached Image(s) (click to enlarge)
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  • #11,585
  • Edited 8:09am Oct 20, 2014 7:59am | Edited 8:09am
Quoting txhdeve
Took another one , Exit half with 10 pips, leave another half with BE+1. according: 1. M15 10EMA 2. M5 35/50 --fine tune 3. previous P/A Any comments, thanks. {image} {image}
Your entry is againt the 35 sma H4 ..
Higher Tfīs can give you a strong rush , just keep in mind ..

But the best reason to donīt enter this trade is :

again in a sloppy market??
Why ??
No steep 35+50 MAīs ..

Go to the SYM and learn how good entries look like !
Sound harsh , but it is so !

For me it looks like you try to find a valid entry .... but make shure you can walk before running ..
all the better experienced dancers will help you , but itīs your work , you have to do .
So : Simple starts with :
Checklist :
clear trend /steep angles ??
enough space ??
higher tfīs confirm ??
price close enough to a line , or is it running too fast away to jump on it ?
news coming soon ?
only first touches !

There are enough oportunities , look for nicer entries and let all others run without you .
You need to practise on the symulator!!
Try to trade only AAA entries ..
Good luck
Guido
Risiko birgt immer auch die Chance.
  • #11,586
  • Oct 20, 2014 8:12am Oct 20, 2014 8:12am
Quoting Sesamstrasse
{quote} Your entry is againt the 35 sma H4 .. Higher Tfīs can give you a strong rush , just keep in mind .. But the best reason to donīt enter this trade is : again in a sloppy market?? Why ?? No steep 35+50 MAīs .. Go to the SYM and learn how good entries look like ! Sound harsh , but it is so ! For me it looks like you try to find a valid entry .... but make shure you can walk before running .. all the better experienced dancers will help you , but itīs your work , you have to do . So : Simple starts with : Checklist : clear trend /steep angles...

Hi Sesamstrasse,

thanks for your reply, all what you said is very useful for me, I have to slow down and wait good entry.
  • #11,587
  • Edited 11:14pm Oct 20, 2014 9:40pm | Edited 11:14pm
just did this one(usdjpy) for the following reason:
1. M15 35/50 close (a little steep)
2. M5 35/50
3. pin bar


Is this by rules?


any comments will be appreciated. thanks.

Update: as you can see after entry the movement is very slow, I was worried about the bottom Weekly pivot, so I exit with 4 pips on the third little bar, but after next bar, there was big down movement to break through the week pivot.


No confidence to hold it, it is a big problem.
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  • #11,588
  • Oct 20, 2014 11:22pm Oct 20, 2014 11:22pm
Took another one (AUDUSD)

after the big up movement, I was waiting price poll back to 10 EMA, the first poll back is M15 10 ema &M5 10EMA, I missed, then after another poll back to RN & M15 10 EMA, I jumped to buy.

As you can see, the movement is right, but I still can not hold it too long. I thought I should exit when touching R2, but there was 12 pips, I can not persuade myself to hold it so exit.

1. is this entry by rule?
2. how to hold it longer(maybe lost too much) .

Any comments will be appreciated, thanks everyone.
Attached Image(s) (click to enlarge)
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  • #11,589
  • Edited 4:26am Oct 21, 2014 3:49am | Edited 4:26am
No trades for me yet. Waiting patiently till the market shows its hand a bit.

Edit: Still quiet out there. No trades so BE for the day.
  • #11,590
  • Oct 21, 2014 4:41am Oct 21, 2014 4:41am
Quoting txhdeve
just did this one(usdjpy) for the following reason: 1. M15 35/50 close (a little steep) 2. M5 35/50 3. pin bar Is this by rules? any comments will be appreciated. thanks. Update: as you can see after entry the movement is very slow, I was worried about the bottom Weekly pivot, so I exit with 4 pips on the third little bar, but after next bar, there was big down movement to break through the week pivot. No confidence to hold it, it is a big problem. {image} {image}
Yes, itīs in the rules , but again no steep angles in your m15 chart, what should be your main chart .
Risiko birgt immer auch die Chance.
  • #11,591
  • Oct 21, 2014 4:59am Oct 21, 2014 4:59am
Quoting Sesamstrasse
{quote} Yes, itīs in the rules , but again no steep angles in your m15 chart, what should be your main chart .

Hi Sesam,

thanks.

The main chart is M15, same with manual, because I took screen shot using phone, so just take half of it.
  • #11,592
  • Oct 21, 2014 5:01am Oct 21, 2014 5:01am
thatīs mine :
M15 Ecad
I took it as a constrainment , after the " breakout downwards"
H1 it looked like a scoop !
h4 I saw 40 pips to the 35 Sma , what said to me itīs enough space to hit my target ( 40 pips )

Kicked it out manually + 32 --done for today.
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png 21.10.png Size: 37 KB
Risiko birgt immer auch die Chance.
  • #11,593
  • Oct 21, 2014 5:12am Oct 21, 2014 5:12am
Quoting Sesamstrasse
thatīs mine : M15 Ecad I took it as a constrainment , after the " breakout downwards" H1 it looked like a scoop ! h4 I saw 40 pips to the 35 Sma , what said to me itīs enough space to hit my target ( 40 pips ) Kicked it out manually + 32 --done for today. Guido {image}

excellent, I was watching EURUSD, but very big down bar no any chance to jump into, so just watch it. about 60 pips down.

Watch it to poll back to see if there is any chance to get some.
  • #11,594
  • Oct 21, 2014 5:48am Oct 21, 2014 5:48am
Quoting txhdeve
{quote} excellent, I was watching EURUSD, but very big down bar no any chance to jump into, so just watch it. about 60 pips down. Watch it to poll back to see if there is any chance to get some.
Donīt forget to look about the 35 sma + 50 ema !
If they are not steep enough , you better donīt enter.
The price can do everything!
In that case EU, itīs a h4 touch 35 Sma ( a second one ) but so the higher TF does not confirm !!
Iīd look for another chart/pair.
Guido
Risiko birgt immer auch die Chance.
  • #11,595
  • Oct 21, 2014 7:08am Oct 21, 2014 7:08am
Short trade taken on EURJPY.

2 bar touch of the 35SMA. Would normally not take counter trades to souch powerful moves, bur confluence of the 10EMA and 50EMA on H1 gave me confidence to take it.

Exited way to early for 8+ pips. Should have been an easy 15 pips, but i took my 8 pips because thats all I needed to end my day.
(took what i considered to be a constrainment trade in the same pair 6 bars earlier for 15+ pips.)

EDIT: As always ignore my stochastics. It has NOTHING to do with this strategy. I use it for other stuff. (dont want to get any newcomers muddled up)

Attached Image (click to enlarge)
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  • #11,596
  • Oct 21, 2014 7:11am Oct 21, 2014 7:11am
Quoting Sesamstrasse
thatīs mine : M15 Ecad I took it as a constrainment , after the " breakout downwards" H1 it looked like a scoop ! h4 I saw 40 pips to the 35 Sma , what said to me itīs enough space to hit my target ( 40 pips ) Kicked it out manually + 32 --done for today. Guido {image}

Nice trade, did something simillar on EURJPY today. Not as big a move though.
May I ask you what broker you use that gives you a 0.4 spread on EURCAD? Your spreads are tiny!

Best regards.
  • #11,597
  • Oct 21, 2014 7:26am Oct 21, 2014 7:26am
Quoting Intense
{quote} Nice trade, did something simillar on EURJPY today. Not as big a move though. May I ask you what broker you use that gives you a 0.4 spread on EURCAD? Your spreads are tiny! Best regards.
you must count the commissions to it !
Itīs not a 04 spread then !
click on my chart, left corner is the name .
Guido
Risiko birgt immer auch die Chance.
  • #11,598
  • Oct 21, 2014 7:55am Oct 21, 2014 7:55am
Quoting Intense
Short trade taken on EURJPY. 2 bar touch of the 35SMA. Would normally not take counter trades to souch powerful moves, bur confluence of the 10EMA and 50EMA on H1 gave me confidence to take it. Exited way to early for 8+ pips. Should have been an easy 15 pips, but i took my 8 pips because thats all I needed to end my day. (took what i considered to be a constrainment trade in the same pair 6 bars earlier for 15+ pips.) EDIT: As always ignore my stochastics. It has NOTHING to do with this strategy. I use it for other stuff. (dont want to get any...
Coooooooooooooooooool !!
" dead end " on a MA !
steep angles.. daaaamn for that one I envy you !!!

The best entries in this style looks exactly like your chart !
Congrats !
Guido
Risiko birgt immer auch die Chance.
  • #11,599
  • Oct 21, 2014 10:25am Oct 21, 2014 10:25am
I really didnīt want to trade again today..
Just scrolled some of my pairs and swithed to higher timeframes .. like an outlook for tomorrow .

Then happened this :
EA chart , m15 .. a candle spiked in 2 minutes 25 pips and I MUST place my sell pending !

Here it is ..
18 pips in 2 minutes .. I really looove these volatile days .
m15 EA , bounce of 35sma, 50 Ema and round number .
And here a tip to the newbies:
Whenever 35 Sma and 50 Ema are very tight together ( if the angles are steep and itīs enough space tor a trade)
.. itīs not the worst idea to place a pending on it or hunt the touch like a sniper !

Feierabend für heute !
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png 21.10. 2014 2 min 19 pips.png Size: 37 KB
Risiko birgt immer auch die Chance.
  • #11,600
  • Oct 21, 2014 11:21am Oct 21, 2014 11:21am
Quoting Sesamstrasse
I really didnīt want to trade again today.. Just scrolled some of my pairs and swithed to higher timeframes .. like an outlook for tomorrow . Then happened this : EA chart , m15 .. a candle spiked in 2 minutes 25 pips and I MUST place my sell pending ! Here it is .. 18 pips in 2 minutes .. I really looove these volatile days . m15 EA , bounce of 35sma, 50 Ema and round number . And here a tip to the newbies: Whenever 35 Sma and 50 Ema are very tight together ( if the angles are steep and itīs enough space tor a trade) .. itīs not the worst...

very good trade and nice tip!
Here is mine, m5/12 touch ej
Attached Image
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