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CHOROS System

  • #13,041
  • Apr 11, 2017 11:51am Apr 11, 2017 11:51am
Quoting kostas1
{quote} One of the most important points. Always use 200pips for H1, 150p for M15, 100p for M5. I only use normal scaling for H4. Never changed them back all these years, so I always have the same "feeling" about the action in my charts. For me it is so important that sometimes I got confused when I had to change from a 10" laptop to my 22" desktop computer... Maybe it's just me?
hmmm i always thought you would have adjusted the size of range. i can see you point with changing the screen size!
  • #13,042
  • Apr 12, 2017 9:40am Apr 12, 2017 9:40am
" Never give up "

GU tricked me today 3 times before I got it right .

And some EJ trades made it ..


Stay tuned
Guido
Attached Image(s) (click to enlarge)
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Attached Image
Risiko birgt immer auch die Chance.
  • #13,043
  • Apr 19, 2017 3:35am Apr 19, 2017 3:35am
A rare trade for me, rare for timeframe (H1) and rare for pair (GJ).
EMA10 bounce, exit manually for around 56 pips.
Attached Image (click to enlarge)
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  • #13,044
  • Apr 28, 2017 4:24am Apr 28, 2017 4:24am
.. very rare timeframe .. M1 Cable
50 bounce with dead end on MA , after opening above 10 Ema I entered for 10 green .
Higher timeframes confirmed ( except weekly, we are on a 50 EMA )

.. after harsh losses on a big lot trade with a bad spike last week on " MAY-DAY "
-- transfered my money to a new account to avoid greed trades..

3-4 weeks and I should be back on top ;-)

Stay tuned
Guido

..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcM1 28.4..png Size: 28 KB
Risiko birgt immer auch die Chance.
  • #13,045
  • Apr 28, 2017 7:56am Apr 28, 2017 7:56am
.. and uj some green ..
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYcM15 28.4..png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #13,046
  • Apr 28, 2017 8:18am Apr 28, 2017 8:18am
Quoting Sesamstrasse
.. and uj some green .. {image}
Almost caught this one too, but hesitate due to Friday and end of month...
  • #13,047
  • May 1, 2017 2:24pm May 1, 2017 2:24pm
Hi
I am very new to this but I have been reading up on the Dance thread and this thread.
I have noticed that touch trades sound great and look fantastic after the event but when I am watching the charts live the average (especially on the 10EMA) will move to meet the candle extreme as the candle moves away from it - ie the average changes because the price has reached an extreme and is moving away. SO a 'touch' is NOT a touch until the candle has closed by which point a number of pips may have already gone.

How do you cope with this - is that the skill of estimating what will be a touch ?


Many thanks

Peter
  • #13,048
  • May 1, 2017 5:34pm May 1, 2017 5:34pm
Quoting pwms
Hi I am very new to this but I have been reading up on the Dance thread and this thread. I have noticed that touch trades sound great and look fantastic after the event but when I am watching the charts live the average (especially on the 10EMA) will move to meet the candle extreme as the candle moves away from it - ie the average changes because the price has reached an extreme and is moving away. SO a 'touch' is NOT a touch until the candle has closed by which point a number of pips may have already gone. How do you cope with this - is that the...
Hello and welcome to the thread, Peter.

There is some information regarding your question posted earlier in the thread - you can find several links in the "Anticipating the Touch on the Moving MA" part of the DanceTOC file (attached to the first post of this thread) that might answer your question. Some of the dancers take these early touches, e.g. after seeing a rejection/confirmation on lower time frames, and some wait for the actual touch of the line, which also happen quite often. I suppose there's no right or wrong way to look at it and it is only a matter of a personal preference that comes with some practice and screening time (both live and on simulator).

Hope it helps and good luck!
Everything is possible
  • #13,049
  • May 2, 2017 4:30am May 2, 2017 4:30am
long time that i have not posted here.
a perfect 10EMA touch for +16 pips with UJ
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 100 KB
trading is like dancing, don't think and just listen to the music!
  • #13,050
  • May 8, 2017 3:29am May 8, 2017 3:29am
Every week should start that way ;-)

M15 EJ .. 18 quick pips within 5 minutes...
Entry a bit late for my taste.. but what counts is green..

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcM15 8.5. 15 pips.png Size: 35 KB
Risiko birgt immer auch die Chance.
  • #13,051
  • May 9, 2017 2:59am May 9, 2017 2:59am
For the experienced traders, is it possible to have consistent results focusing on the 5 min chart setups?
  • #13,052
  • May 9, 2017 3:08am May 9, 2017 3:08am
like in real life we have watchmakers and blacksmiths
  • #13,053
  • May 9, 2017 8:48am May 9, 2017 8:48am
5 min setup examples:
USDCAD 12 EMA touch
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  • #13,054
  • May 9, 2017 8:50am May 9, 2017 8:50am
EURCAD 5 min 12 EMA touch:
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  • #13,055
  • May 9, 2017 8:51am May 9, 2017 8:51am
EURJPY 5 min 12 EMA touch:
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  • #13,056
  • May 9, 2017 8:56am May 9, 2017 8:56am
What do you guys think about it? Would this be good to focus on 5 min chart so that it can give us fast results with very small loss and good target (previous 5min high or low as target).

I would love to be a 5 min trader, if consistency is achievable.
  • #13,057
  • May 9, 2017 8:58am May 9, 2017 8:58am
USDJPY 5 min 12 EMA touch, target did not hit by 2 pips, but could move stop to BE.
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  • #13,058
  • May 9, 2017 9:00am May 9, 2017 9:00am
Does anyone has any tip or advice for those who want to trade the 5 min 12 EMA Touch?
  • #13,059
  • May 9, 2017 9:06am May 9, 2017 9:06am
AUDJPY just gave an opportunity:
5min 12 EMA Touch:
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  • #13,060
  • May 9, 2017 9:10am May 9, 2017 9:10am
GBPJPY 5 min chart also gave an opportunity. Notice there was Weekly pivot and daily pivot, and price rejected them, so it did not reach the high or RN.
Attached Image (click to enlarge)
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