In Bloomberg Currency News they still haven't caught up with the Dollar fall: "Dollar, Yen advance on Middle East Violence". They are probably thinking how they can justify the reversal. I often go to Bloomberg after such big moves, just for the ...

CHOROS System

I'm going to dig a little deeper in the philosophical vein of the last days This time it's about stopping when you achieve your target or after 1-2 losses. Surely this must be something that an experienced trader must strive to overcome ? I mean, ...

CHOROS System

There is a percentage tool which I sometimes use to gauge price movement. I just leave a vertical line of 0,50% length on the charts and so I can make comparisons. Most times I will just calculate the percentage of the MA price change. I took this ...

CHOROS System

Ok, a couple more questions: 1) I know you said no s/r trades, but I noticed that your USDCHF trade was stopped at a very obvious s/r level (price was rejected there in January). Since this is not a scalping strategy, don't you think that it would ...

Following Price

Well, it doesn't have to be a daily hunt. Perhaps one could stick with a trendy pair for the whole of a week. Last week for example, CHF pairs were a dream. For several weeks in fact. AUD, CHF, CAD often dance samba while GBP, EUR and USD are ...

CHOROS System

Ok, never mind. It's just that I usually trade "equivalent" amounts so that the results are comparable when I trade different pairs. Eg. if I trade 100,000 EURUSD, my trade size for GBPUSD will be 82,000 since 100,000 EUR = 82,000 GBP. And my trade ...

Following Price

Well, it looks like AUDCAD provided enough good signals even for the 15M timeframe. I'm thinking that perhaps it would be better to focus each day on a pair that trends well.

CHOROS System

Lost a few pips in an EURUSD trade I shouldn't have entered, won a couple of pips more in the GBPUSD touch. I'd like to focus on just one pair but days like this I wonder whether that pair has to be the same each day. Today it looks like AUDCAD is ...

CHOROS System

Hello, good luck with your new approach (ok, I know it's not luck ) I'm intrigued by your above statement. My understanding is that the lower timeframes may be more stressful but allow for greater gains since one can take advantage of many ...

Following Price

If GBPUSD tries really hard it could touch the 1H 50 EMA. The angle is acceptable, I think.

CHOROS System

Thanks, that is exactly the kind of confirmation I'm looking for.

CHOROS System

Thank you all for chiming in. Just to clarify: I understand the many reasons that could make a successful trader leave the forum. Boredom, disgust, new interests etc. I also understand that successful traders may face again issues that they thought ...

CHOROS System

Yes, I've read that, but I still can't figure it out. My understanding is that a control over your psychology is a prerequisite in order to become a successful trader. So if you reach a certain level, this means that you have overcome any issues you ...

CHOROS System

Well, I don't think that 50,000 or even 500,000 are large amounts of money as far as a broker is concerned. Most brokers have deals for better spreads for customers who have accounts in excess of 1,000,000, so there must be such customers. I think ...

CHOROS System

Ooops. Yes, you are correct. I did miss that. So if one has lost more than the sum of the spreads of his trades in his trading career, this must mean that his choices were WORSE than random. I was talking on the basis of how probable it is ...

CHOROS System

Your coin example is not analogous; when you have 15 heads in a row you can't go back to 10 heads in a row. I'll try to make myself clear this way: Let's pretend for a moment that spread doesn't exist. Let's also pretend that one makes totally ...

CHOROS System

I have realized that often I trail my stops too aggressively and this can result to losses. And I mean overall losses, not just on a specific trade. If we use a take profit level that is equal to our stop loss and enter the market at a random ...

CHOROS System

How did you decide to go out at +10 ? Did you see the price stall ? Was that your targer from the beginning ? Did you move up your SL aggressively ?

CHOROS System

And there is often another problem with succesful traders explaining their moves: They outline very well the reasoning behind a trade they took, but rarely bother to explain why they DIDN'T take several other trades (often in the very same chart) ...

CHOROS System

Something else that MUST have been discussed but I can't find it, is how exactly the "bars to the touch" are being counted. I have seen several variations. Eg, in an uptrend, do we count from the first bearish bar ? Do we count from the first lower ...

CHOROS System