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CHOROS System

  • #12,121
  • Sep 21, 2015 9:24am Sep 21, 2015 9:24am
Quoting Hugo55
Out with 22 pips----- total +38 pips on the Aussie today, enough for me... {image}

Yea,, mondays my trades looks shitty.. looks like im not alone on mondays !

But I milked Cable a bit ;-)
First a scoop with sloppy 10 pips scoop cable m15 .. then I jumped on that short ..
Opening below 50 m5 and 10 m15.. with a very tight stop on BE before the news..
Unfortunately I shorted in a support and I wasnt sure if it break or hold..
Executed + 10 as well and done for today....
Heres a nice pic in the members lounge what says more than thousand words :

http://www.forexfactory.com/showthre...47#post8498847

Have a nice day, Im done
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDcM15.png scoop 10 green 21.9. mondays.png Size: 31 KB
Click to Enlarge Name: GBPUSDcM5.png 21.9. mondays.png Size: 43 KB
Click to Enlarge Name: GBPUSDcM15.png 21.9..png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #12,122
  • Sep 21, 2015 9:52am Sep 21, 2015 9:52am
18 SL, a bit wide for my M15 taste, but worked like a charm with a quick 25 pips profit. I always tend to chicken out on my TP (initially at 30something pips) when the price starts to hesitate at the bottom of a channel (top for longs of course). Still 25 is not bad at all. Coz of my 15 pips loss previously on Cable I am up net 10 pipis. Not great, but most importantly on the green side. As the time is right I am done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 174 KB
  • #12,123
  • Edited 10:49am Sep 21, 2015 10:06am | Edited 10:49am
Quoting Jkdt
18 SL, a bit wide for my M15 taste, but worked like a charm with a quick 25 pips profit. I always tend to chicken out on my TP (initially at 30something pips) when the price starts to hesitate at the bottom of a channel (top for longs of course). Still 25 is not bad at all. Coz of my 15 pips loss previously on Cable I am up net 10 pipis. Not great, but most importantly on the green side. As the time is right I am done for the day. {image}
You won today.. yours is most cute for today ;-)
Risiko birgt immer auch die Chance.
  • #12,124
  • Sep 21, 2015 10:17am Sep 21, 2015 10:17am
LOL
  • #12,125
  • Edited Sep 22, 2015 1:37am Sep 21, 2015 5:24pm | Edited Sep 22, 2015 1:37am
Hello dancers!
Possible h1/10 & m15/35 right now.....
ej
good night!


the time factor wasn't very good but finally choros did its magic.
Attached Image
  • #12,126
  • Sep 22, 2015 3:30am Sep 22, 2015 3:30am
Quoting makonen
Hello dancers! Possible h1/10 & m15/35 right now..... ej good night! the time factor wasn't very good but finally choros did its magic. {image}

Well done Makonen...
  • #12,127
  • Sep 22, 2015 3:33am Sep 22, 2015 3:33am
Morning all,

Just taken a quick trade in A/U, in hind side I should have stayed in, but if I see a quick 20 pips I take it...

http://content.screencast.com/users/...f273/8._au.png
  • #12,128
  • Sep 22, 2015 5:23am Sep 22, 2015 5:23am
Another quick deal on E/U makes me done for today, good luck all...

http://content.screencast.com/users/...23699/9.eu.png
  • #12,129
  • Sep 23, 2015 2:57am Sep 23, 2015 2:57am
Hello Dancers,

I have a question to the experienced: If after taking a choros trade you get a pin in the opposite direction on the next bar after your entry. Do you stay in and still aim for TP or shut it down? What if the next candle is similar?
  • #12,130
  • Edited 4:41am Sep 23, 2015 4:14am | Edited 4:41am
Quoting Jkdt
Hello Dancers, I have a question to the experienced: If after taking a choros trade you get a pin in the opposite direction on the next bar after your entry. Do you stay in and still aim for TP or shut it down? What if the next candle is similar?

I know what you wanna say.. in fact until my SL isn t reached it isn t reached .

I use for entry and exits always the same TF , and if a pin is forming , its more possible to get stopped...
BUT :
You never know before !!
very often , a market forms 2 pinbars in opposite direction .. and its just the SL what keeps you in or not .( itīs only brainfu.k)

I give normally a damn on it .. made my decision and now I have to get what I get ..
Not every trade is a winner .. pinbar or not :-)
I llm addd a chart with strange pinbars, dojis .. and longer wicks in trend direction , what can confuse .. but the MAs worked fine !
Hope that helped
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcM15.png pin bar both directions.png Size: 31 KB
Risiko birgt immer auch die Chance.
  • #12,131
  • Sep 23, 2015 5:29am Sep 23, 2015 5:29am
Some are good , some are bad .
hereīs a Dax m5 / 50 bounce out -12 red
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M5.png 23.9..png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #12,132
  • Sep 23, 2015 7:43am Sep 23, 2015 7:43am
Quoting Sesamstrasse
Some are good , some are bad . heres a Dax m5 / 50 bounce out -12 red Guido {image}
Guido, is there any conflunce with other TF or strong lines?
  • #12,133
  • Sep 23, 2015 8:04am Sep 23, 2015 8:04am
Quoting makron
{quote} Guido, is there any conflunce with other TF or strong lines?
yes, there was one with the 50 Ema in m15.. but it wasn t clear in m15 ..
My entry was as a bounce 50 in m5 ..

the indices work well with the lines.. but the big thing what must be in mind is :
they close while night , that makes a real moving average ( average price ) wrong calculated!
thatīs why I like them in smaller timeframes , minimum 1 hour after market open .. better more !
just didn t work what happens too often for my taste
Guido
Risiko birgt immer auch die Chance.
  • #12,134
  • Sep 23, 2015 10:32am Sep 23, 2015 10:32am
Just finished an A/U sell on the M15, pinbar of big RN,50ema and 10ema for +23 pips, done for today, good luck all.

http://content.screencast.com/users/...fc9291b/10.png
  • #12,135
  • Sep 23, 2015 10:34am Sep 23, 2015 10:34am
Quoting Sesamstrasse
Some are good , some are bad . heres a Dax m5 / 50 bounce out -12 red Guido {image}
Is this a good trade entry ?
35/50 not near together and the steepness issnt good.

How are the pips countet ?
What does the spread mean ?
  • #12,136
  • Sep 23, 2015 10:53am Sep 23, 2015 10:53am
Quoting Hugo55
Just finished an A/U sell on the M15, pinbar of big RN,50ema and 10ema for +23 pips, done for today, good luck all. {image}
Well done for your pips However, I don't quite see this being Choros M15 trade? Is pinbar on cofluence of RN+50+10 enough despite lack of trend (or even one could say that M15 trend was the other direction)? HTFs in your faviour though... I'm confused
  • #12,137
  • Edited 11:12am Sep 23, 2015 10:56am | Edited 11:12am
Quoting n8bizz
{quote} Is this a good trade entry ? 35/50 not near together and the steepness issnt good. How are the pips countet ? What does the spread mean ?
Hey N8bizz , sorry, I don t understrand the question right :

tjhe spread is the price between bid and ask .. 2to 3 pips with my broker , depends on the momentum .

a 50 bounce, tradet in trend direction .. higher timeframes had enough space , no MA in my " target " .. hmmh yes, why not.. may be not steep enough .. but far away from flat .. so why not .. , the big picture i made for myself was okay.. and i risked it ..

And pips get countet : 100 pips -88 pips = 12 pips .. I think it wasn t the question .. but I really don t get you .
Can you ask again ??
Guido

Quoting Jkdt
{quote} Well done for your pips However, I don't quite see this being Choros M15 trade? Is pinbar on cofluence of RN+50+10 enough despite lack of trend (or even one could say that M15 trend was the other direction)? HTFs in your faviour though... I'm confused

Yes ,thats true.. it wasn t a nice trade in M15 .. the 10 Ema was above the 50 . what is a long sign ..
may be he entered in H1 , there it looked much better.

being picky pays out .. no joke !
its a lot of patience required .. some trades works well and nobody knows why.. but in the long term ,
its always the same stuff
Being picky pays out!
Guido

Quoting Hugo55
Just finished an A/U sell on the M15, pinbar of big RN,50ema and 10ema for +23 pips, done for today, good luck all. {image}
n your m15 entry wasn t nice.. what is okay as long as you know ..
But the reason why it costs you more money than it ll bring is:

You start violating important rules and that way it ll confuse you , I could bet..
then .. any time , the bad results start .. greed comes ..
And all in all starts with bad enrtries! FOR SURE !!!
Its your account and you have to handle it .. but long term , it costs more than it brings .. trust me :-)

Iīm red today as well , the dax costs me 5 pips or so .. not too bad , my favourite days , fridays are coming soon ..

Guido
Risiko birgt immer auch die Chance.
  • #12,138
  • Sep 23, 2015 12:10pm Sep 23, 2015 12:10pm
Quoting Jkdt
{quote} Well done for your pips However, I don't quite see this being Choros M15 trade? Is pinbar on cofluence of RN+50+10 enough despite lack of trend (or even one could say that M15 trend was the other direction)? HTFs in your faviour though... I'm confused
Hi Jkdt,
Maybe not 100%
It is in a big down trend on daily and 1H and still in a down trend on the 15M as far as I am concerned, it did a little swing
above the 50ema and then closed below it again in form of a pinbar, also the lines on the 1H are perfectly aligned,
that is enough confirmation for me that the down trend will continue and therefore took a sell...
Hope that helps...
  • #12,139
  • Sep 24, 2015 12:47am Sep 24, 2015 12:47am
Hello Fellow Dancers,
Today is a Moslem Religious Day. Its a public holiday where I am. Does that translate into a holiday in forex? A day you shouldn't be trading on?
My current trade:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 44 KB
  • #12,140
  • Edited 1:59am Sep 24, 2015 12:58am | Edited 1:59am
Quoting wnabo
Hello Fellow Dancers, Today is a Moslem Religious Day. Its a public holiday where I am. Does that translate into a holiday in forex? A day you shouldn't be trading on? My current trade: {image}
Good morning wnabo No .. muslim days don t care the international stock exchanges !
I d take a look for really holidays when stock exchanges have closed . Specially american ones care that much because we trade mostly pairs there located . Guido
Risiko birgt immer auch die Chance.
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