This was not the best entry, it was exactly at the touch of the H1 10EMA. It went against me for a bit more than 15 pips almost hitting my 17 pips Stop Loss but at the end I got +22 pips out of it. image This is a good example of trading with the ...

CHOROS System

USDCAD is getting my attention now: H1 10EMA in confluence with M15 35/50 to go LONG.

CHOROS System

Was tempting, was profitable. Got my +10 pips. image

CHOROS System

Yep, but the thing is that Choros is mostly scalping, getting around 10 pips form every setup almost always, some times more. EDIT: This means that you can get a nice setup on the M15 chart to get 5 to 10 pips while one H4 bar is still forming. But ...

CHOROS System

EURUSD M15 35/50 in confluence with H1 10EMA and RN at 1.1600. Looks tempting.

CHOROS System

Nothing is 100% sure, but this should be possible. image

CHOROS System

Sadly I didn't. I was out of my office the moment the action happened.

CHOROS System

It looks that we repeating the pattern for a Scoop-Down here. We'll see. HTF is kind of pointing up so we'll need to wait to see if that nicely aligned M15 35/50 holds or it's ignored for a possible Scoop-down. image

CHOROS System

A perfect entry at exactly H1 10EMA touch in confluence with M15 50 and Daily Pivot. Higher Time-frames pointing Up. That trade could have given more than 50 pips. Ruined by moving to BE+1 too early. I HATE when this happens!!! image

CHOROS System

Possible SHORT: EURUSD very steep M15 10EMA near Daily S2. EDIT: Hmm, currently only one bar retrace and about to touch the 10EMA, London is about to close, so hmm, I don't know.

CHOROS Interactive

We definitely are. I entered a bit early on this one, mislead by the previous M15 pin bar. Should have waited for Daily S1 at 1.4030 as planed. Any way, I'm still learning to control my emotions and avoid jumping in to early. At least Higher ...

CHOROS System

Possible SHORT: GBPUSD very steep M15 10EMA in confluence with Daily S1 at 1.4030. Careful with the H1 pin bar closing in 20 minutes. M15, H1 and H4 in Downtrend. Waiting for two M15 bars retrace and M5 confirmation.

CHOROS Interactive

This was a M15 10EMA trade. Until recently, I was taking these kind of setups exactly a the touch of the projection of the 10EMA, most of the trades were profitable but most of the times, as in this case, price retraced 10 to 15 pips before going my ...

CHOROS System

I do almost the same, I use 10, 35 and 50 in all Time-frames except in the M5 where I use 12EMA and 23EMA only.

CHOROS System

Note that the immediate Higher Time-frame of your trade (H1 in this case) is in a Downtrend. That will not help the setup. We use the direction of the 35/50 to have a feel of the trend. Nevertheless, as you already noticed, one reason to avoid this ...

CHOROS System

I think it has proven itself with time, we should avoid 1-bar retrace to EMA10.

CHOROS System

Some times the market hits me, other times I recover. This entry was exactly at the touch of RN, it went around 12 pips against me before going my way. It gave me +40p at the end. TP was set 10 pips before the next RN. image

CHOROS System

This trade was an AAA according to the books. It was an H4 10EMA touch in confluence with Daily Pivot. And the H1 chart shows that the entry was exactly at the H1 35SMA. I got +12p with this one, but as you can see these H4 AAA Setups can give a lot ...

CHOROS System

Nice trade!

CHOROS System

Outcome: Didn't get close enough to the H1 10EMA for my taste, so I missed the trade. It could have being a nice trade for 15 to 20 pips entering very close to the H1 10EMA and targeting RN just above. Daily R1 was there to hold the trade just in ...

CHOROS Interactive