Could you please explain why you didn't sell at 1 & 2 and why you didn't buy at 3 ?

Price action momentum trading

Exactly. Obviously Survivor has acquired the "feeling" for it. Some of the other parameters besides "impulsive" candles have already been described, eg rejection bars after such "impulsive" candles. But there could be more parameters that would ...

Price action momentum trading

After programming the software to analyze the excellent Dance/Choros system setups and discovering many interesting things in the process, I think that algorithmic trading is what I -personally- should focus on. And this system is something that I ...

Price action momentum trading

There is a Greek movie about an accountant in a similar situation, Kostas will know about it. 1,101,101.10... He could not find the mistake so he ended up seizing the money. However the mistake was finally found

CHOROS System

During the weekend I finalized the conversion of the program to an EA so that I can now do some backtesting. There are no trades yet, just signals recorded in an Excel file together with their details and whether they would be wins or losses. While ...

CHOROS System

Too early for this. Only the other day I coded the functions that will record each signal in a file, together with details about it and whether it would have been a win or a loss. But now I have to finalize the scoring system in order to start ...

CHOROS System

Not seeing much action today, I entered short in EURAUD at the touch of the SMA35 which also coincided with RN 1.3000 and the downward trendline that the pair has been following all day. Stop loss only 5 pips, take profit at 1.2985. ETA: Got it. For ...

CHOROS Interactive

That's a difficult question and the answer is never going to be clear. An easy answer would be to reset the counter when the 5EMA crosses the 10EMA, but there are cases like the one below where you must reset the counter even if the 5EMA doesn't ...

CHOROS System

Similar setup happening now in AUDUSD

CHOROS System

And another one at about the same time: 2011.07.27 14:24:28 USDJPY Confluence (PrDayLo, RC_Upper, M15EMA100) SC:40 SELL [email protected] TP=77.7363 SL=77.8977 >TR0>RE0>SU15>RC5>CW15>PT0>BL5>LV5>SP-5>CP0>WI0>IN0 Both in favour of shorting USD

CHOROS Interactive

Confluences are reported as well, although in confluences and constrainments no testing at all has been done for the scoring system: GBPUSD Confluence (DayLo, H1EMA50, D_P) SC:25 BUY [email protected] TP=1.6392 SL=1.6358 ...

CHOROS Interactive

Maybe a little late for entry. Or maybe not. 2011.07.27 13:01:32 USDCAD Constrainment (6 bars constrained by H1EMA10) SC:25 SELL [email protected] TP=0.9403 SL=0.9422 >TR5>RE0>SU0>RC0>CW10>PT5>BL10>LV10>SP-5>CP-10>WI0>IN0

CHOROS Interactive

Another example of how looking at past candles can't tell the story accurately. Here, what appears to have been a 10EMA touch, never happened in real time. Price didn't even touch the 10EMA projection at the time (the dashed line).

CHOROS System

Yep, that was a rather "easy" setup. I was already long in this from the MA touch 8 bars ago.

CHOROS Interactive

My understanding is that good trading should be mehanical and boring. You keep watching the market just to spot a setup that should be easily recognizable, not trying to decipher a riddle. Just as you wouldn't need to be able to concentrate in order ...

CHOROS System

...which looked good in theory but happened at the exact moment when AUD fell

CHOROS Interactive

Experimenting with the constrainment settings and criteria ratings. For example, the settings now don't mind a bar closing above the MA EURAUD Constrainment (5 bars constrained by M15EMA5) SC:30 SELL [email protected] TP=1.3112 SL=1.3140 ...

CHOROS Interactive

"The genius of Einstein leads to Hiroshima" - Pablo Picasso Nothing remotely close to genius here, almost anyone could do what I do if similar amount of time was invested.

CHOROS System