Hi everyone I've a quick question: How do you trade the Dance in Areas of heavy support / Resistance on a higher Timeframe? For GBP/USD we are currently in a downtrend giving trade opportunities according to the Dance. However I'm hesitant since ...

CHOROS System

Hi everyone, just FYI and interested in your thoughts. I'm currently waiting on GBPUSD H1 to retrace to EMA10. if it happens in the next 2 hours, there may be confluence with monthly pivot, which could form a strong signal. Currently it seems that ...

CHOROS System

Hi everyone, did anyone else have this big spike on M1 GU? I was up +12 pips and SL=BE but within seconds price spiked and took me out -7 pips due to lack of liquitidy. I know this happens and I don't really have a reason to doubt my broker, since ...

CHOROS System

oh I was very wrong. I just took another trade with +17 pips. This one surely isn't an AAA trade. But can you guys tell me if it's something you would have done as well and if it was a Dance trade? It doesn't seem as "clear cut" but it just screamed ...

CHOROS System

Hi Birdland, I did hesitate however as you said when frightend better walk away. I entered a little later though when I felt it was a good idea and was up 11 pips. However I expected price to retest the H1 EMA10 from the top. It didn't so I got out ...

CHOROS System

Anybody Looking to go short on GBPUSD on H1 Higher MA Touch in Confluence with Daily Pivot? I want to but I'M hesitating, due to a strong trend on M5 and also a beginning uptrend on M15

CHOROS System

Hi Haydel, congrats on your last Entry! How much has it been, 45 - 50 pips? Target should have been hit by now It's a nice H1 EMA10 Touch, also almost hit the SMA35 on M15. You also hit the exact High of that Candle. Might I ask what ...

CHOROS System

Hi atif, nice one, I took the exact same trade on the yellow candle with +35 pips by the way, I entered directly after the close of the candle with the yellow arrow in your post. The reason was that it almost dead-ended into the ...

CHOROS System

Hey guys, I just wanted to throw out a big thanks to all of you! Although I still have many possibilities to improve big time, I'm starting to get it. I started this day with 2 loosers (total of -20 pips) due to stupid psychological mistakes. But ...

CHOROS System

Hi guys, I'm currently looking at GBPUSD and I'm wondering if one should trade places like these. There actually were a few good setups with S/R plays / Touch Trades, some with confluence. However what throws me off is the whole situation: 1. M15 ...

CHOROS System

Hi iero, thanks for posting! I was looking at this setup as well the whole day. I didn't pull the trigger though, because frankly I was too scared, didn't have a clue in which direction price will go. Better sideline then loosing money. But I want ...

CHOROS System

Damn it, just missed this H1 Higher MA Touch on GBPUSD both on top of each other, with Pivor Confluence by just a few minutes. Too bad! NEXT.

CHOROS System

I like the philosophy "time in market = risk" a lot. I think I can learn from that for my trading as well. What I don't quit grasp from a overall trading perspective: If you take small profits like 6 pips. What is your average Stop Loss when ...

CHOROS System

Hi Birdland, how did you decide that 6 pips are enough for this trade? What was your reason to exit, did you have this Target before entering the trade or did the price movement trigger your exit manually?

CHOROS System

Hi guys, this looks like a valid short setup for me, steep EMA10 angle, Confluence with Daily Pivot. There is also the RN below with a clear break before. My trade thought is that price will bounce of the EMA10 confluence and go back below the last ...

CHOROS System

Hi iero, thanks for your trades. I was wondering: How do you determine to take profit? In the 2nd trade I guess it's the RN. In the third trade maybe the weekly Pivot? However in the first trade I can't see the reasoning. Since I'm struggling to ...

CHOROS System

Hi everyone, I was wondering how you react, if price is caught between two different S/R like in the attached example. Price is pretty much captured between the RN and the EMA10 within a very small range. One could either trade this as constrainment ...

CHOROS System

Hey guys, quick question: in the manual Clay said that quote: ‚you must have both P/A in the right direction of the trend and a bounce or constrainment for a valid trade‘ -> I don’t see how this applies to touch trades, it specifiaöly relies on good ...

CHOROS System

Hi Sesamstrasse, thanks a lot for your assessement! I indeed didn't count your green arrow a first Touch because for me it didn't seem to get close enough. This is a simulator and in Real Life I would have waited for an entry closer to EMA10 and ...

CHOROS System

Hey Guys, would you consider this trade AAA? Entry long due to H1 Higher MA tilting upwards, Steep M15 EMA50 & SMA35. Broke recent resistance on M15 with retest around the EMA10. Entry at Touch of EMA10 with just 1 strong candle (EMA10 tilted ...

CHOROS System