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CHOROS System

  • #12,181
  • Sep 28, 2015 3:14pm Sep 28, 2015 3:14pm
Update on my A/U deal,

Decided to take profit , because we reached bottom of range/resistance on the 1H.
anyway happy with +15 pips.


http://content.screencast.com/users/...063626d/20.png
  • #12,182
  • Sep 28, 2015 8:11pm Sep 28, 2015 8:11pm
Quoting Hugo55
Hi traders, Took a sell on the U/J a little earlier, I came in late, I know "slap on hand" and was not able to monitor the trade all the time, hence the longer stop, when I came back and saw I was up + 20 I closed the trade, because had to leave again. That's my reason for the trade, a bit sloppy I know.......... done for the day, hope you are making lots of pips.. {image}
Hi Hugo, where did you place your SL?
  • #12,183
  • Sep 29, 2015 2:00am Sep 29, 2015 2:00am
Quoting happytrade38
{quote} Hi Hugo, where did you place your SL?
Hi happytrade,
You will be able to see my stop in the blue area at the bottom of the chart, it was 120.51, cheers...
  • #12,184
  • Sep 29, 2015 2:40am Sep 29, 2015 2:40am
Morning all,

Took this sell on the U/J very late "for me" last night, since I had to go to bed I closed the deal out @ +18 pips,
it was a shame, as you can see it went a lot further, that's life.
On the other hand I start today with +18 in the bank



http://content.screencast.com/users/...5b9e/23.uj.png
  • #12,185
  • Sep 29, 2015 2:47am Sep 29, 2015 2:47am
Quoting Hugo55
Morning all, Took this sell on the U/J very late "for me" last night, since I had to go to bed I closed the deal out @ +18 pips, it was a shame, as you can see it went a lot further, that's life. On the other hand I start today with +18 in the bank {image}



Flat MAīs , and looks like both markets were closed..
And last but not least.. the only good entry signal .. there you closed the trade..
Nope , thatīs not dancing
Risiko birgt immer auch die Chance.
  • #12,186
  • Sep 29, 2015 3:15am Sep 29, 2015 3:15am
Quoting Sesamstrasse
{quote} Flat MAs , and looks like both markets were closed.. And last but not least.. the only good entry signal .. there you closed the trade.. Nope , thats not dancing
You are right, I can see that now, thanks for pointing that out.
  • #12,187
  • Sep 29, 2015 8:17am Sep 29, 2015 8:17am
Sesamstrasse is right that your trade was not a AAA Choros trade, but the area was still solid.

We had a confluence of:

  1. First retest of former support after a break
  2. Big round number
  3. There was even a daily resistance if I recall correctly

The valid touch trade would have been at the vertical arrow in the attached chart.

You could have also sold at the horizontal arrow based on the 50 EMA constrainment, but the bar would have been to small for my taste.

I thought about taking the trade yesterday evening based on the reasons given in the bullet points, but decided not to because it was too late in the day for me.

Attached Image (click to enlarge)
Click to Enlarge Name: 20150929 USDJPY.png Size: 83 KB
  • #12,188
  • Sep 29, 2015 9:21am Sep 29, 2015 9:21am
Quoting That guy
Sesamstrasse is right that your trade was not a AAA Choros trade, but the area was still solid. We had a confluence of: First retest of former support after a break Big round number There was even a daily resistance if I recall correctly The valid touch trade would have been at the vertical arrow in the attached chart. You could have also sold at the horizontal arrow based on the 50 EMA constrainment, but the bar would have been to small for my taste. I thought about taking the trade yesterday evening based on the reasons given in the bullet points,...
Hi That guy,
I can see what both you and Guido are seeing now, thanks for your input.
It was a shame it was to late in the night for both of us.

By the way, I find it difficult to get my teeth in to any good deals today, have you had any luck?
  • #12,189
  • Edited 9:48am Sep 29, 2015 9:30am | Edited 9:48am
Quoting Hugo55
{quote} Hi That guy, I can see what both you and Guido are seeing now, thanks for your input. It was a shame it was to late in the night for both of us. By the way, I find it difficult to get my teeth in to any good deals today, have you had any luck?

Nope , only a good Gu ... but in the end wasn t good today.

Quoting That guy
Sesamstrasse is right that your trade was not a AAA Choros trade, but the area was still solid. We had a confluence of: First retest of former support after a break Big round number There was even a daily resistance if I recall correctly The valid touch trade would have been at the vertical arrow in the attached chart. You could have also sold at the horizontal arrow based on the 50 EMA constrainment, but the bar would have been to small for my taste. I thought about taking the trade yesterday evening based on the reasons given in the bullet points,...

Long time not seen , nice to have you back here and see you posting
Everybody has his own kind of style , what it absolutely okay and neccessary for being successful IMO..
But in the end , the chart , where you chose your entry should give a valid signal .. !

Often , I can see in the higher timeframes , wha the market ( I think so ) will do the next " candle " ..
And its no problem to pick a longer SL or TP , and use a smaller size then. why not..
But :
As long as the price is above the 50 , 35 and 10 between them .. its still not a valid entry then ..
In that case you can pick the entry in the higher timeframe , where you see it .. simple .. m15 entry was shitty.
A little patience had helped, because the constrainment had givenn the valid entry ;-)


You can take the trade in a higher timeframe , as long as it is in the rules.. .. why not ??
Itīs not neccessary to find only m15 entries.. h1 , h4 and higher is great as well!
Trading higher timeframes is not a shame .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: correct entry.png Size: 56 KB
Risiko birgt immer auch die Chance.
  • #12,190
  • Sep 29, 2015 10:17am Sep 29, 2015 10:17am
Quoting Sesamstrasse
{quote} Nope , only a good Gu ... but in the end wasn t good today. {quote} Long time not seen , nice to have you back here and see you posting Everybody has his own kind of style , what it absolutely okay and neccessary for being successful IMO.. But in the end , the chart , where you chose your entry should give a valid signal .. ! Often , I can see in the higher timeframes , wha the market ( I think so ) will do the next " candle " .. And its no problem to pick a longer SL or TP , and use a smaller size then. why not.. But : As long as the price...
Thanks Guido, I'll try and remember that...
  • #12,191
  • Sep 29, 2015 12:58pm Sep 29, 2015 12:58pm
Quoting Hugo55
{quote} Hi That guy, I can see what both you and Guido are seeing now, thanks for your input. It was a shame it was to late in the night for both of us. By the way, I find it difficult to get my teeth in to any good deals today, have you had any luck?
Judging from your posts and screenshots, the way you are trading is patient and clean. A lot better than what I did for quite some time. If you are not profitable already, you will be very soon. Then comes the hard part

Might not make much sense to you now, but it will once you get there. It's like learning to drive a car: For most people, it gets dangerous when they think they can do it but haven't got enough practice yet.

Sesamstrasse, it's good to be back I usually don't have the time to post, but I check the thread frequently
  • #12,192
  • Sep 29, 2015 1:11pm Sep 29, 2015 1:11pm
Quoting Hugo55
{quote}By the way, I find it difficult to get my teeth in to any good deals today, have you had any luck?
Most of my trades were in the DAX today. I missed the trade of the day (not Choros) because I was away from the desk, but got some quick EMA 10 bounces on the way up. BTW, the steppy lines are the Choros MAs in higher timeframes.

Those were not the cleanest or highest probability trades, but I was pretty sure that I could get some points out of them.
Attached Image (click to enlarge)
Click to Enlarge Name: 20150929_DAX.png Size: 80 KB
  • #12,193
  • Sep 29, 2015 3:45pm Sep 29, 2015 3:45pm
Quoting That guy
{quote} Judging from your posts and screenshots, the way you are trading is patient and clean. A lot better than what I did for quite some time. If you are not profitable already, you will be very soon. Then comes the hard part Might not make much sense to you now, but it will once you get there. It's like learning to drive a car: For most people, it gets dangerous when they think they can do it but haven't got enough practice yet. Sesamstrasse, it's good to be back I usually don't have the time to post, but I check the thread frequently
Thank you for the encouraging words...
  • #12,194
  • Sep 29, 2015 4:08pm Sep 29, 2015 4:08pm
Quoting That guy
{quote} Most of my trades were in the DAX today. I missed the trade of the day (not Choros) because I was away from the desk, but got some quick EMA 10 bounces on the way up. BTW, the steppy lines are the Choros MAs in higher timeframes. Those were not the cleanest or highest probability trades, but I was pretty sure that I could get some points out of them. {image}
Not sure if I can read your chart, too many lines for my liking, sticking with the basic charts for now...
  • #12,195
  • Sep 29, 2015 4:27pm Sep 29, 2015 4:27pm
Careful with G/U tomorrow...

http://content.screencast.com/users/...23bc/24.gu.png
  • #12,196
  • Sep 30, 2015 3:53am Sep 30, 2015 3:53am
Quoting Hugo55
Careful with G/U tomorrow... {image}
totally agree with you .. 1.5097 is calling.and then the 1.50 but how and tradable ???.. I have no idea..!!
It ll shake us a little ..
The GU h1 is sloppy but stable down since a week ..
I could bet ,before it moves more downwards.. it makes a upmove to the H4 35 or 50 Ema ..
Not sure if it gives a nice signal .. I could bet NOPE !
We will see .. may be it uses the NFP s on friday for a nice touch there ..
The Daily " 10 " is in the same area , about and had no touch before.. could be for one ..and give the neccessary "power" to move to the
BIG round number .
we will see ;-)
Guido
Risiko birgt immer auch die Chance.
  • #12,197
  • Sep 30, 2015 5:19am Sep 30, 2015 5:19am
Quoting Sesamstrasse
{quote} totally agree with you .. 1.5097 is calling.and then the 1.50 but how and tradable ???.. I have no idea..!! It ll shake us a little .. The GU h1 is sloppy but stable down since a week .. I could bet ,before it moves more downwards.. it makes a upmove to the H4 35 or 50 Ema .. Not sure if it gives a nice signal .. I could bet NOPE ! We will see .. may be it uses the NFP s on friday for a nice touch there .. The Daily " 10 " is in the same area , about and had no touch before.. could be for one ..and give the neccessary "power" to move to...
Yes, you are properly right, get more buyers on board, take it up to the H4 35/50 ema,
slam it down to take the stops out, around 1.5120, then wait for the big break out players to the downside
around 1.5080 after a push from NFP if the predicted numbers holds, then back up for there stops.
There might be a play in there somewhere!!
And what about the Aussie, I don't like that at the moment, sitting on the side lines for now..
Good trading.
  • #12,198
  • Sep 30, 2015 5:42am Sep 30, 2015 5:42am
Quoting Hugo55
{quote} Yes, you are properly right, get more buyers on board, take it up to the H4 35/50 ema, slam it down to take the stops out, around 1.5120, then wait for the big break out players to the downside around 1.5080 after a push from NFP if the predicted numbers holds, then back up for there stops. There might be a play in there somewhere!! And what about the Aussie, I don't like that at the moment, sitting on the side lines for now.. Good trading.
I got tricked thismorning on EA .. .. got it back by GA twice
But the aussie ( AU )is ath the 50 / H4 and a 10 D1 right now .. what can be enormeous punch ..
But in fact.. I m not keen with d1 trading .. it can need " all day long " until i can see a reaction .. thats not my kind in the choros Style .
For dailies I use the TMS from time to time .. its set and forget ..
Dancing is active trading , priceaction based with the lines as a dynamic support/ resistance..
In m5 to H1 unbeatable .. the higher timeframes, the better experienced dancers should do ..

May be we get 48 sloppy hours until the payrolls.. I can imagine it comes so .
Guido
Risiko birgt immer auch die Chance.
  • #12,199
  • Sep 30, 2015 5:48am Sep 30, 2015 5:48am
Got almost 20p from GU M5 (hint: EMA 23 bounce).
  • #12,200
  • Sep 30, 2015 5:57am Sep 30, 2015 5:57am
Quoting Sesamstrasse
{quote} I got tricked thismorning on EA .. .. got it back by GA twice But the aussie ( AU )is ath the 50 / H4 and a 10 D1 right now .. what can be enormeous punch .. But in fact.. I m not keen with d1 trading .. it can need " all day long " until i can see a reaction .. thats not my kind in the choros Style . For dailies I use the TMS from time to time .. its set and forget .. Dancing is active trading , priceaction based with the lines as a dynamic support/ resistance.. In m5 to H1 unbeatable .. the higher timeframes, the better experienced...
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