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CHOROS System

  • #12,461
  • Mar 8, 2016 5:20am Mar 8, 2016 5:20am
One trade today and target reached. Based on constrainment below M15 and H1 MA´s, and round number. Enter on PA on M1/M5 retrace. Closed manually around yesterday low, when price hesitated and I got my 30pips.
Attached Image (click to enlarge)
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  • #12,462
  • Mar 8, 2016 5:21am Mar 8, 2016 5:21am
  •  Wahnone
  • | Joined Apr 2008 | Status: If you harken unto the voice of GOD | 253 Posts | Online Now
Quoting kostas1
{quote} I like the simplicity of your charts. Simple does it....
Yeah. Simple indeed does it. And I've realized all you need to have is a plan, and then wait for the market to dance to your plan, and then execute. This removes all the stress in trading. I have achieved today's goal with the three trades below:

First trade: EURJPY 15min 50EMA touch trade
SL: 8pips
TP: 25pips
Got to +19 and went back. Exited for +5

Second trade: EURJPY 15min 50EMA touch trade
SL: 9pips
TP: 25pips
TP hit on this one after about 1.5 hours

Third trade: USDCAD 15min 35/50 Confluence
SL: 11pips
TP: 25pips
TP hit on this one after about 2 hours
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-03-08-12-08-25.png Size: 73 KB
Click to Enlarge Name: Screenshot_2016-03-08-12-08-32.png Size: 69 KB
  • #12,463
  • Mar 8, 2016 6:08am Mar 8, 2016 6:08am
Hi all, I'm in the process of reading the original thread and this one as well to make myself more familiar with the strategy and avoid asking already answered question, however here it is a trade I just took on GU, first touch of the 10ma with the pivot right there giving more confidence, quick 10pips. Hope it is "by the rules".

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.jpg Size: 204 KB
  • #12,464
  • Edited 6:40am Mar 8, 2016 6:22am | Edited 6:40am
Kostas, thanks for posting the scoop. Did you trail your stop? That's a huge distance to expect the market to travel without turning back on you. The picture was hilarous I also realized the lot size you trade... I don't think the money in the picture is any way near enough for that trade

I am not trading for now as I am trying to work out 35/50 bounce trades in the simulator. I see I need to do a lot more work on those ones. Guido: what is the reason you gave up on those trades? Are they much more difficult to manage than the touch? I wanted to ask you in particular because we both focused only on the touches so far.

PS> I know I have already asked about this, no result however. I'll give it a last shot: does anybody know any script that would help to center the screen on the current bar and set a predefined scale of the chart? Doing it manually is really killing me.
  • #12,465
  • Mar 8, 2016 7:06am Mar 8, 2016 7:06am
I also have a question regarding S/R. Imagine the green line i pivot or RN. Am I correct to assume that in the second case the price is more likely to blow through it because the support was washed away by the price pushing through it twice already? Or because it is a predefined level it should hold equally strong in both cases, unlike the S/R defined purely by the price that would weaken that way?
Attached Image
  • #12,466
  • Mar 9, 2016 2:55am Mar 9, 2016 2:55am
Quoting Wahnone
{quote} Yeah. Simple indeed does it. And I've realized all you need to have is a plan, and then wait for the market to dance to your plan, and then execute. This removes all the stress in trading. I have achieved today's goal with the three trades below: First trade: EURJPY 15min 50EMA touch trade SL: 8pips TP: 25pips Got to +19 and went back. Exited for +5 Second trade: EURJPY 15min 50EMA touch trade SL: 9pips TP: 25pips TP hit on this one after about 1.5 hours Third trade: USDCAD 15min 35/50 Confluence SL: 11pips TP: 25pips TP hit on this one...
Hi Wahnone, do you enter at the close of the candle or on touch of moving average?
  • #12,467
  • Mar 9, 2016 4:52am Mar 9, 2016 4:52am
Quoting Jkdt
Kostas, thanks for posting the scoop. Did you trail your stop? That's a huge distance to expect the market to travel without turning back on you. The picture was hilarous I also realized the lot size you trade... I don't think the money in the picture is any way near enough for that trade I am not trading for now as I am trying to work out 35/50 bounce trades in the simulator. I see I need to do a lot more work on those ones. Guido: what is the reason you gave up on those trades? Are they much more difficult to manage than the...
Hi Jkdt,

I have two scripts for the 'Scale fix' and 'Scale fix One to One' functions, you can also set a hotkey for both of them (right click on them in the Navigator bar and select 'Set hotkey'), so they can easily be enabled and disabled without going to Settings. If you need to center the chart on the current bar vertically, when the scale is fixed, you can simply double click on the vertical scale and its vertical position will be automatically adjusted. Unfortunately, I haven't seen any scripts that set a predefined scale, so if you find one, please, share it here

Hope it helped. Good luck!
Attached File(s)
File Type: ex4 ScaleFix.ex4   5 KB | 233 downloads
File Type: ex4 ScaleFix_11.ex4   4 KB | 223 downloads
Everything is possible
  • #12,468
  • Mar 9, 2016 5:10am Mar 9, 2016 5:10am
hi,

No trade for me so far this morning. Attached picture of GU and what I was looking at. I newer got into the trade.

Would appriciate if some experinced Dancer can answer.
Where would have been a good entry?
Attached Image (click to enlarge)
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  • #12,469
  • Mar 9, 2016 5:33am Mar 9, 2016 5:33am
Quoting Akruma
hi, No trade for me so far this morning. Attached picture of GU and what I was looking at. I newer got into the trade. Would appriciate if some experinced Dancer can answer. Where would have been a good entry? {image}

I was watching this pair today as well .. but I didn t like the action ..
The first touches 10 Ema already happened during the asian session ..
... the first touch 35 was not goog looking IMO.... 10 , 35 and 50 were too seperated.. ( al about the same didtance to eachother..
and the scoop ... ??
.. I didn t take it when it was a break of the 35 sma and 50 Ema.. and after that shaking ..between your point 2 and 4 ..
I haven t seen the entry .. it was a MA soup ( 10 between 35 and 50 ) when the first " tradable " candle opened above the 50 as a scoop ..
.. nope .. in such cases I try to stay out and do nothing.. today it worked fine ;-)
.. m5 looked much better.. I could bet Kostas made his next car from that move ^^
Guido
Risiko birgt immer auch die Chance.
  • #12,470
  • Mar 9, 2016 8:04am Mar 9, 2016 8:04am
Quoting Sesamstrasse
{quote} I was watching this pair today as well .. but I didn t like the action .. The first touches 10 Ema already happened during the asian session .. ... the first touch 35 was not goog looking IMO.... 10 , 35 and 50 were too seperated.. ( al about the same didtance to eachother.. and the scoop ... ?? .. I didn t take it when it was a break of the 35 sma and 50 Ema.. and after that shaking ..between your point 2 and 4 .. I haven t seen the entry .. it was a MA soup ( 10 between 35 and 50 ) when the first " tradable " candle opened above the 50...
Thanks for reply Guido. This gives me lots to think about
  • #12,471
  • Mar 9, 2016 9:47am Mar 9, 2016 9:47am
Anyone catch the US session EJ scoop??

Attached Image (click to enlarge)
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I was driving to work at the time
Remember that guy who gave up? Neither does anyone else.
  • #12,472
  • Mar 9, 2016 10:00am Mar 9, 2016 10:00am
Quoting Sagramor
Anyone catch the US session EJ scoop?? {image} I was driving to work at the time
Nice observation, Sagramor. I haven't noticed a scoop, so took the wrong side of the trade, trying to catch a short from EJ H1 35/50 and RN. Well, bad luck for me Hope someone was able to profit from this beautiful move
Everything is possible
  • #12,473
  • Edited 10:14am Mar 9, 2016 10:03am | Edited 10:14am
Quoting Sagramor
Anyone catch the US session EJ scoop?? {image} I was driving to work at the time
I caught a small fraction of it. Had two entries long, exited the first at 15P and closed the second at 33P when price came close to H1 MAs and RN.

Then I lost 13P on trying to short at H1 35/50, H4 10 and RN. I thought there was some confirmation on M1 and shorted. Was expecting the H1 MAs to at least give at decent bounce.

Edit: I guess it was the red news "Crude Oil Inventories" that moved the price that easily through the H1 MA´s. Lesson: Be more aware of news..
Attached Image (click to enlarge)
Click to Enlarge Name: 20160309EJ.png Size: 21 KB
  • #12,474
  • Mar 9, 2016 10:39am Mar 9, 2016 10:39am
Sasha: thank you for your post, it was very helpful. Although double clicking doesn't center on the current bar, but sort of on the middle between recent high and low - it is huge improvement. Scripts are also a big help although no predefined levels available - do you have .mq4 by any chance? Maybe I could look into it and see if it's possible to work something out? Again, your help is very much appreciated!
  • #12,475
  • Mar 9, 2016 7:14pm Mar 9, 2016 7:14pm
Quoting kostas1
{quote} Hey buddy, How is the shop going with all the sh1t happening?
Hello Kosta!
try to survive ....still active!

Here is a late m5/12 today.
Attached Image
  • #12,476
  • Mar 10, 2016 1:08am Mar 10, 2016 1:08am
Quoting Jkdt
Sasha: thank you for your post, it was very helpful. Although double clicking doesn't center on the current bar, but sort of on the middle between recent high and low - it is huge improvement. Scripts are also a big help although no predefined levels available - do you have .mq4 by any chance? Maybe I could look into it and see if it's possible to work something out? Again, your help is very much appreciated!
I know what you mean, but I got used to it with time, so far it's been the best solution for me Also, when the scale is fixed, you can easily drag it - by clicking anywhere on the active chart and moving it in any direction, but I suppose, you've already found that out by yourself

You can find the .mq4 files attached. Good luck with it
Attached File(s)
File Type: mq4 ScaleFix.mq4   1 KB | 268 downloads
File Type: mq4 ScaleFix_11.mq4   1 KB | 322 downloads
Everything is possible
  • #12,477
  • Mar 10, 2016 6:32am Mar 10, 2016 6:32am
Hi all, I need a bit of confirmation on this one from the more experienced traders. Just took this one on GU for a +10 pip however not sure it's valid by the rules.
My reasoning was that even tho price is currently on a bracket on the 1h TF and the traded PA was in the middle range (risky by itself) the 35/50 are on top of each other and the last 1H candle failed to close bellow, plus the RN confluence and the hammer on the 15m (also rejecting the 35) was more than enough confirmation for pulling the trigger, my plan was to take profit really fast. Worked out this time, but some input is much appreciated.

regards

EDIT: Taking profit fast was the right call since price just fell hard afterwards.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.jpg Size: 222 KB
  • #12,478
  • Mar 10, 2016 7:06am Mar 10, 2016 7:06am
Quoting Awaken
Hi all, I need a bit of confirmation on this one from the more experienced traders. Just took this one on GU for a +10 pip however not sure it's valid by the rules. My reasoning was that even tho price is currently on a bracket on the 1h TF and the traded PA was in the middle range (risky by itself) the 35/50 are on top of each other and the last 1H candle failed to close bellow, plus the RN confluence and the hammer on the 15m (also rejecting the 35) was more than enough confirmation for pulling the trigger, my plan was to take profit really fast....
Hi Awaken,

I wouldn't have taken this one because of several reasons: M15 35&50 were flat, H1 was flat too and there was a so-called MA soup on H1, so no obvious trend on any relevant TF; also DP right ahead and major news (ECB int.rate decision) in 45min after your trade, so bigger volatility was possible across different pairs. Well done taking your profit quickly

Experienced dancers, please correct me if I'm wrong or missed something
Everything is possible
  • #12,479
  • Edited 7:34am Mar 10, 2016 7:17am | Edited 7:34am
I didn't realized the major news coming out, if so I wouldn't have entered the trade, my bad .
Thanks for the input friends, helped a lot.
  • #12,480
  • Mar 10, 2016 7:29am Mar 10, 2016 7:29am
Quoting Awaken
Hi all, I need a bit of confirmation on this one from the more experienced traders. {image}

..flat MAs-- tricked me in GA this morning as well ... experiented or not.. flat is flat .. same stuff ....
hope that helped ..
Guido
Risiko birgt immer auch die Chance.
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