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CHOROS System

  • #12,781
  • Jul 28, 2016 10:29am Jul 28, 2016 10:29am
There are some days like today where perfect entries payoff.
This was a +53p trade.
H1 10EMA in confluence with Daily Pivot near to M15 35/50 that were in down trend.
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  • #12,782
  • Jul 29, 2016 9:56am Jul 29, 2016 9:56am
I was left behind by the train as I mentioned in the Intercative thread,
Quoting Haydel
{quote} My entry point was missed by 3 pips and price shoot up from there passing my 20p target leaving me with nothing this time. Well, that happens {image}
Nevertheless, when price gets that momentum after news, and you see there is no close resistance near, you can wait for a M5 retrace to M5 12/23 to grab some pips.

This one gave me +20p on EU today
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  • #12,783
  • Jul 29, 2016 10:50am Jul 29, 2016 10:50am
Quoting Haydel
I was left behind by the train as I mentioned in the Intercative thread, {quote} Nevertheless, when price gets that momentum after news, and you see there is no close resistance near, you can wait for a M5 retrace to M5 12/23 to grab some pips. This one gave me +20p on EU today {image}
Took my pips before the huge move on the first test of 10ma. Nice work and good weekend to all Dancers
  • #12,784
  • Jul 29, 2016 11:06am Jul 29, 2016 11:06am
hello dancers my choros trade with gbpusd
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  • #12,785
  • Aug 1, 2016 2:55am Aug 1, 2016 2:55am
Even the clearest of signals don't always work out, hence the importance of stop loss and keeping it tight.
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  • #12,786
  • Aug 1, 2016 4:10am Aug 1, 2016 4:10am
But then there's always another good signal that will work: a confluence of resistance levels on M15, M30 and H1
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  • #12,787
  • Edited 6:26am Aug 3, 2016 6:14am | Edited 6:26am
Hi Kostas


Do you still use the luktom visual order editor EA & if Yes, did you consider an addition of hidden SL / TP feature?

Here is the version you uploaded long time ago.
  • #12,788
  • Aug 3, 2016 11:20am Aug 3, 2016 11:20am
Quoting .Hawk.
Hi Kostas Do you still use the luktom visual order editor EA & if Yes, did you consider an addition of hidden SL / TP feature? Here is the version you uploaded long time ago.
I am not using any automated tools after the MT4 changes with the drag lines.....
  • #12,789
  • Aug 10, 2016 4:48am Aug 10, 2016 4:48am
Classic short, M15 35/50 with H1 10. Best entry would have been one bar earlier but I was scared for H4 200 bouncing long.
For those trading H4, if the M15 starts showing pinbars long it could be a good entry long (H4 SMA200 confluenced with MP).
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  • #12,790
  • Aug 10, 2016 8:36am Aug 10, 2016 8:36am
Quoting kostas1
Classic short, M15 35/50 with H1 10. Best entry would have been one bar earlier but I was scared for H4 200 bouncing long. For those trading H4, if the M15 starts showing pinbars long it could be a good entry long (H4 SMA200 confluenced with MP). {image}
Very Nice . Thank you for sharing.
  • #12,791
  • Aug 18, 2016 7:20am Aug 18, 2016 7:20am
damn you gbpjpy
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  • #12,792
  • Aug 18, 2016 9:49am Aug 18, 2016 9:49am
http://www.forexfactory.com/showthre...58#post9090958

second trade the same thing as above
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  • #12,793
  • Aug 18, 2016 10:00am Aug 18, 2016 10:00am
Quoting tonny47
http://www.forexfactory.com/showthre...58#post9090958 second trade the same thing as above {image}
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Maybe giving a little more space on volatility?
  • #12,794
  • Aug 18, 2016 10:02am Aug 18, 2016 10:02am
Quoting kostas1
{quote} {image} Maybe giving a little more space on volatility?


that would certainly help in these cases
  • #12,795
  • Aug 18, 2016 1:55pm Aug 18, 2016 1:55pm
Quoting kostas1
{quote} {image} Maybe giving a little more space on volatility?
by the way Kostas, would those two trades be acceptable by your criteria or not enough confluence or too much resistance ahead?
  • #12,796
  • Aug 18, 2016 2:43pm Aug 18, 2016 2:43pm
Quoting tonny47
{quote} by the way Kostas, would those two trades be acceptable by your criteria or not enough confluence or too much resistance ahead?
Tonny, both are pairs that I don't have any experience with. But from your charts its seems it was not the first EMA10 bounce and also the 35/50 MAs were not parallel...
  • #12,797
  • Aug 18, 2016 4:13pm Aug 18, 2016 4:13pm
Good evening dancers..

I had last night a 50 bounce in Aucad D1

Here we go , about 40 pips green coloured ;-)

Stay green
Guido
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Risiko birgt immer auch die Chance.
  • #12,798
  • Aug 19, 2016 1:36am Aug 19, 2016 1:36am
Quoting kostas1
{quote} Tonny, both are pairs that I don't have any experience with. But from your charts its seems it was not the first EMA10 bounce and also the 35/50 MAs were not parallel...
thanks Kostas! i thought gbpjpy 35/50 were almost parallel (converging). but when i look at many of your example they are often not parallel - they are always slightly converging or diverging? the distance between emas on euraud was quite wide to be fair.
  • #12,799
  • Aug 19, 2016 1:58am Aug 19, 2016 1:58am
Quoting tonny47
damn you gbpjpy {image}
I can see two factors that led to the loss.

First, you placed too tight a stop loss. Don't forget that G/J is more volatile than most pairs, so it needs a wider SL. I would have placed it 3-4 pips below that pin bar and waited for a meaningful move towards the direction of the trade before moving it to BE.

Second, by the looks of it, there was no confluence of support and it does not follow the rules of a 10 MA touch trade. The MA was already flattening out and the angle is definitely not steep enough.

Personally, I wouldn't have traded it for one more reason: there was a big move triggered by economic data. It is very difficult to identify the direction of the market once the initial impulse fades away. I choose to stay away from the market for a while, unless there's a very clear signal.
  • #12,800
  • Aug 19, 2016 3:24am Aug 19, 2016 3:24am
thanks
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