Thanks for the answers. I'm not sure yet which pair I'll be following more closely and whether I'll be doing a daily recap but I agree that the more charts the merrier. In fact it might be better if we had 2-3 analyses for the same chart, this way ...

CHOROS System

Forgot to add that there is some constrainment between No. 4 and No. 5 and also that at No. 11 the gap between the 35/50 has started to widen so it'a not a good entry.

CHOROS System

That's commendable self-control. So on average you get 1-2 trades every day ? Do you watch several pairs ? Below I attach a chart of yesterday's GBPUSD activity with my take on possible entries. I'd appreciate any comments.

CHOROS System

Yep, self-fulfilling prophecies. It's just that sometimes I see the price "trapped" between different MAs and I wonder whether I'm using too many of them. IIRC clay didn't use the 4H chart and its MAs at all and endroute seems to take minimalistic ...

CHOROS System

EO's manual talks about a rather complicated set of MAs: 15M chart: 5 ema, 10 ema, 21 ema, 35 sma, 50 ema, 200 sma 1H chart: 10 sma, 50 sma, 62 ema, 200 sma 4H chart: 5 sma, 10 sma, 50 ema, 150 ema 1D chart: 5 sma, 35 sma, 50 ema Don't ask me why eg ...

CHOROS System

Well, I got a chance to get a few pips but I figured it wasn't yet time to move my stop loss and so it got hit a little after the USD rally started. I also missed the first phase of the rally, but entered a constrainment trade in GBPUSD and caught ...

CHOROS System

I'm in AUDUSD after the two-bar bounce, with the stop loss placed just below the EMAs and the pivot. Let's see how it goes.

CHOROS System

Thanks. Would you have taken the entry you pointed out ? I'm wondering whether the 10 EMA slope was good enough at the time.

CHOROS System

I was thinking about the long 15M candle of 06:45 GMT today in EURUSD. There wasn't a quick touch off of the 10 EMA afterwards, but I was thinking whether I'd take the trade if there was a touch. The reason was that the price bounced on the ...

CHOROS System

I've been trying to compile a "checklist", something to take a look at before each trade and perhaps evaluate the chance of a successful entry. I have tried to make it rather general to fit most situations. What would you add/remove/change in the ...

CHOROS System

I'm long in USDCHF and short in USDJPY. USD has to do delicate maneuvers to prove me correct

CHOROS System

Yes, I noticed it later. But in my charts that gap is much smaller. So I took a look at the lower time frames and I think that Kostas's broker (or platform) doesn't display the Sunday candles. That's why his gap is bigger.

CHOROS System

How do you explain these gaps ? There should be no gaps between weekdays, it doesn't make sense. Every time I've seen gaps in forex it was some problem of the platform or the broker. The only gaps should be between Friday night and Sunday evening.

CHOROS System

Indeed, had I entered at the exact moment of the touch I would had at least moved the stop to BE. But I was a little late. And in retrospect I see that I should have probably been alarmed by the repeated failure of the price to reach 1.6080 (had I ...

CHOROS System

Strange pair of trades I took earlier: I saw EURUSD crossing the 15M 35/50 and a look at the 1H revealed that there was resistance from the MAs there, so the trade should be short. I entered at the arrow, trailed the stop and exited with 48 pips. At ...

CHOROS System

Thanks, I'll check these out. I certainly know what you mean. Changing frantically from one currency to the next while looking for signals all the time... been there, done that and it's frustrating. But my idea is not to make huge pips from lots of ...

CHOROS System

Indeed, I don't think that we are yet at a point where we can do without discretion. But I just want to find some measurable indicators on which trades people take. Something else I've been trying to do is to develop a consistent system for taking ...

CHOROS System

In my attempt to trade more "mechanically" and to understand the rationale of succesful traders, the recent EURUSD activity presents a nice opportunity for a question I've been wanting to ask. We see that the euro is in a continued downward path, ...

CHOROS System

Hello everybody I don't know whether this has been discussed before, but in any case here it is: As part of several systems I'm looking into, I've been trying to "quantify" some parameters of the dance as well. I have read the original manual and ...

CHOROS System

I had started something similar in a java program sometime ago (for use in Dukascopy's platform) but got involved in some other projects and didn't finish it. Anyway, I was using only four pairs, alternating long and short positions depending on ...

Phantom 6 System