Most often long wicks like now shows a reversal so not so good idea to buy right now...

EURUSD

I agree that we are still bearish but we will need some pullback to around 1.2715

EURUSD

That was fast, we may reach 1.2712 or maybe even 1.27...

EURUSD

Seeing M15 double top, big picture says it's still bearish, might drop like a rock.

EURUSD

In the very beginning I also was chasing big wins and huge amounts of pips - wanted to take every signal and felt really frustated when I missed one but with time I understood that you don't need that all stuff to be sucessful. All you need is: to ...

CHOROS System

If it's H1 or H4 pin bar, we shouldn't be trading against it. If it's a M15 pin bar I would ignore it if I'm taking a first touch, but for a second touch I would be really careful considering where that pin bar is appearing. To add more, we ...

CHOROS System

No, it's not about determining the trend, I also use choros on multiple TF's long enough..

CHOROS System

Yes Benny but I need some confirmation am I going the right way..

CHOROS System

Kostas, could you share your thoughts how you measure the FIRST touches and all in all, how you deal with countings ? I am a bit confused because I always thought that we start to count them when price and 10 EMA gets above/below 35/50.. But now as ...

CHOROS System

Eur Usd, my advice would be to limit yourself to certain hours - have open and close hours, like in other businesses. For example, trade from London open - an hour before London close. By doing this you will have enough liquidity, get consistancy ...

CHOROS System

There is nothing special about today's action. You should know that on fridays institutional traders like to take their profits, close trades..Best would be to take only perfect by the rules trades on such days but it only sounds easy. About your MM ...

CHOROS System

Anyone got any golden fishes today ?

CHOROS System

Today's bounce from D1 200/35, H4 200, DS1, RN and MP pretty well explains strong buying. Weekly chart shows that we may be doing Ping-Pong again between 35-50 or 35-62.

CHOROS System

Don't know but how everybody in here deal with long lasting trends and bounce countings. There are times when price keeps above or below M15 35/50 for more than few days and as I read Kostas mentioned that when 35/50 is touched, there is no reset.. ...

CHOROS System

Got the same trade buddy ! But I took it as M5 12 EMA bounce. In fact, this was risky because H1 35/50 were and still are flat at the moment and it gets really noisy, price did not even bounce from the M15 10 EMA for the first time. Cheers

CHOROS System

In my humble opinion, Dance/CHOROS purpose was and is to let trader learn the MARKET FLOW, to identify current TREND. Everything else is trader's imagination how he will interpret it, there are no frames, but for beginners it's a different story. ...

CHOROS System

Before your first GU entry, price was already starting to stall at 1.586 and there was a doji rejecting going further, talking about your second GU entry, you just could have taken your profit at that level. Talking about your EU trade, you were ...

CHOROS System

Kostas, could you explain more about how you deal with horizontal S/R from H4 and Daily ? You said: "I change my M15 chart to H4 and Daily and I mark the important S/R, the more important the S/R the thicker the line." - how do you decide which ...

CHOROS System

To my eyes, EU was strongly over-bought all day, I hesitated to take those bounces because there was already formed Pin bar on the H1 and later another one. Kostas, what made you to trade against H1 P/A ? Later I was cursing myself for missing those ...

CHOROS System

As I repeat myself, I'm sorry for being rude but your entries could be seen clearer. Good luck mate

CHOROS System