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CHOROS System

  • #12,581
  • Apr 4, 2016 6:54am Apr 4, 2016 6:54am
Constrainment?
Took 27 pips on this. Didn't want to wait to hit my TP. WIN

edit: Oh, I see Kosta said its a scoop.. hmm
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  • #12,582
  • Apr 4, 2016 7:08am Apr 4, 2016 7:08am
Quoting Dnc48
Constrainment? Took 27 pips on this. Didn't want to wait to hit my TP. WIN edit: Oh, I see Kosta said its a scoop.. hmm {image}
I saw the glass, you saw the faces....


In any case, one does not exclude the other....
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  • #12,583
  • Apr 4, 2016 8:19am Apr 4, 2016 8:19am
heloo dancers,
to wake up and turn on my pc , I saw this configuration in m5
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  • #12,584
  • Apr 4, 2016 2:18pm Apr 4, 2016 2:18pm
EurUsd: Thank you for your reply on rectangle, it seems to make sense, will be looking into this.
Awaken: 1-5 touch trades per day? How many pairs are you following if I may ask?
Kostas, Dnc48: Well done on your trades. Funny though, because I have seen many of this type of trades and am always too unsure to take them (don't like the fact the pinbars are not clasically protruding) and constantly see them going the right direction after I forced myself not to take them. Mistakenly I guess, need to start taking these. I call them the combs. (although today I didn't like it failed to create a HH just before)
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  • #12,585
  • Apr 4, 2016 3:28pm Apr 4, 2016 3:28pm
Quoting Eur Usd
{quote} Sorry for bothering you, but can you please explain idea of scoop up?
These are the Basic concepts of Scoop-Up:
http://www.forexfactory.com/showthre...33#post3891133
http://www.forexfactory.com/showthre...77#post4127777
  • #12,586
  • Apr 4, 2016 3:41pm Apr 4, 2016 3:41pm
Quoting Jkdt
EurUsd: Thank you for your reply on rectangle, it seems to make sense, will be looking into this. Awaken: 1-5 touch trades per day? How many pairs are you following if I may ask? Kostas, Dnc48: Well done on your trades. Funny though, because I have seen many of this type of trades and am always too unsure to take them (don't like the fact the pinbars are not clasically protruding) and constantly see them...
Im monitoring 6 pairs
  • #12,587
  • Apr 4, 2016 4:17pm Apr 4, 2016 4:17pm
6 pairs seems about right for 1-5 setups a day. Thanks.
  • #12,588
  • Apr 5, 2016 2:14am Apr 5, 2016 2:14am
I monitor 4 pairs, and seems like too much sometimes, not due to amount of signals but due to fact you need to check 4 pairs.
This is the trade I was hesitating to take, could get 15 pips of it (Edit - 30 actually). 10 ema price constrainment

PS: EU, GU, EJ awaiting for first touch ;-)
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On my way to financial independence - if others can do it - I can do it
  • #12,589
  • Apr 5, 2016 4:08am Apr 5, 2016 4:08am
Quoting Eur Usd
PS: EU, GU, EJ awaiting for first touch ;-)

Yes.

Lets all sit and wait patiently.

I'm thinking myself to enter with two positions on EU and let the 2nd one run...

Maybe
  • #12,590
  • Apr 5, 2016 4:09am Apr 5, 2016 4:09am
Quoting Dnc48
{quote} Yes. Lets all sit and wait patiently. I'm thinking myself to enter with two positions on EU and let the 2nd one run... Maybe
Can't see any potential for nearest time. I am stuck in short on EJ
On my way to financial independence - if others can do it - I can do it
  • #12,591
  • Edited 4:32am Apr 5, 2016 4:17am | Edited 4:32am
Quoting Eur Usd
PS: EU, GU, EJ awaiting for first touch ;-) {image}
Quoting Dnc48
{quote} Yes. Lets all sit and wait patiently. I'm thinking myself to enter with two positions on EU and let the 2nd one run... Maybe
Hey guys. Could you please specify, which TFs and MAs you're talking about? I see way more than 1 touch/bounce setups on the M15 10emas before (maybe except for EU, if we don't consider the bounces at the DP after the MA crossover as 10ema bounces).

I am watching EJ for a possible reaction on 35/50, MP and/or RN, and maybe GU for 35/50&RN. However 35&50 on EJ might start to diverge by the time the price gets there, and GU has all the pivots above the 35/50 and RN, which might act as magnets for the price. So no certainty about these setups.

Also, I've just entered on a possible M15 scoop-up on GU (SL below the last pin-bar's low, TP below 35/50). I'm not too good with scoops, so will see how it turns out...

Edit: S/O. Possible mistake - underestimated the rejection at M30 10ema and M5 35/50
Everything is possible
  • #12,592
  • Apr 5, 2016 4:18am Apr 5, 2016 4:18am
Quoting Eur Usd
{quote} Can't see any potential for nearest time. I am stuck in short on EJ
Why not...I think it might reject from 61.8 fib and run for H4 35/50
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  • #12,593
  • Apr 5, 2016 4:33am Apr 5, 2016 4:33am
Quoting sasha.fx
{quote} {quote} Hey guys. Could you please specify, which TFs and MAs you're talking about? I see way more than 1 touch/bounce setups on the M15 10emas before (maybe except for EU, if we don't consider the bounces at the DP after the MA crossover as 10ema bounces). I am watching EJ for a possible reaction on 35/50, MP and/or RN, and maybe GU for 35/50&RN. However 35&50 on EJ might start to diverge by the time the price gets there, and GU has all the pivots above the 35/50 and RN, which might act as magnets for the price. So no certainty about these...
I'm always watching M15 only for enter decision.

Also, I think we have to use term touch for only two bars pullback to MA's and bounce for classic rejections from MA's no matter how many bars price needs to get to them. As I always actually think about those terms in that way. Am I right?
  • #12,594
  • Apr 5, 2016 4:49am Apr 5, 2016 4:49am
Quoting sasha.fx
{quote} {quote} Hey guys. Could you please specify, which TFs and MAs you're talking about? I see way more than 1 touch/bounce setups on the M15 10emas before (maybe except for EU, if we don't consider the bounces at the DP after the MA crossover as 10ema bounces). I am watching EJ for a possible reaction on 35/50, MP and/or RN, and maybe GU for 35/50&RN. However 35&50 on EJ might start to diverge by the time the price gets there, and GU has all the pivots above the 35/50 and RN, which might act as magnets for the price. So no certainty about...
I was talking at the time when I've seen it - price was trending, and there hasn't been first pullback towards 10 ema yet - but it never appeared anyway, so it doesn't matter
On my way to financial independence - if others can do it - I can do it
  • #12,595
  • Apr 5, 2016 4:53am Apr 5, 2016 4:53am
Thanks for the clarification, guys
Everything is possible
  • #12,596
  • Edited 5:18am Apr 5, 2016 5:06am | Edited 5:18am
Last trade for today, as I still do silly mistakes I am away from the desk for today.
Entry at green point - rectangle, and it has been confirmed it's right entry - the pinbar away from 10ema
Exit at green point - 22 pips profit - yellow horizontal line is daily pivot's s3 that's area been rejected before, so I am not risking another reverse. Judging by 4h chart it will go down, 1h indicates so as well, but who knows when ;-)
Today's profit is only 0.9%, this week's 4.1% - better safe than sorry, I am away now, there's some stuff to do at home ;-)
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On my way to financial independence - if others can do it - I can do it
  • #12,597
  • Apr 5, 2016 6:07am Apr 5, 2016 6:07am
hello dancers, this trade is gbpusd 4h, i open this short ending the American session
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  • #12,598
  • Apr 5, 2016 7:51am Apr 5, 2016 7:51am
Hello Dancers,

Took this first 35/50 with S/R confluence on EURUSD that ended up in a loss, my question is, clearly the HTF H4 shows an uptrend against my short position, in light of that should've skipped the first touch or is valid as a scalp? How do you guys approach such scenarios?

best regards
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  • #12,599
  • Apr 5, 2016 8:00am Apr 5, 2016 8:00am
Quoting Awaken
Hello Dancers, Took this first 35/50 with S/R confluence on EURUSD that ended up in a loss, my question is, clearly the HTF H4 shows an uptrend against my short position, in light of that should've skipped the first touch or is valid as a scalp? How do you guys approach such scenarios? best regards {image}
on 15m 35 and 50m weren't paralell so it indicates possible reversal, especially that price held above round number for a while (1.1350)
4h - green inner bar (kind of pin bar) after wider red one, both tested and rejected by earlier resistance point (or shall I say resistance area) - that became support (1.1350)

Obviously it's easier to spot mistake after the fact ;-)
On my way to financial independence - if others can do it - I can do it
  • #12,600
  • Apr 5, 2016 8:40am Apr 5, 2016 8:40am
Quoting Awaken
Hello Dancers, Took this first 35/50 with S/R confluence on EURUSD that ended up in a loss, my question is, clearly the HTF H4 shows an uptrend against my short position, in light of that should've skipped the first touch or is valid as a scalp? How do you guys approach such scenarios? best regards {image}
I skipped M15 35/50 touch/bounce because the first time it got close and drop. Then it made higher low and went back up.

The H1 35/50 equivalent were too close so I was waiting for more confluence there...I was right. The more confluence the better...
Good for 10-15 pips so far...

It seems it now wants to form a scoop/constrainment for further going up... beware!
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