You can see some potential setups forming right now in EU and AU (hint: higher timeframes). See what price does during the news. I am already long AU from 0.80000 (no MAs, but some other confluence like RN and daily S2 plus resistance). Might be a ...

CHOROS System

Hi maxtill, a rule of thumb that works well for me: If you have a fast correction after a strong move, look for touch trades. Strong move = steep MAs; fast correction: the manual says two candles in the respective timeframe to reach the 10EMA, ...

CHOROS System

When I did my weekly performance analysis today I found something interesting that I wanted to share, since I think many experience the same thing. The picture below shows the balance of one of my trading accounts for a certain period of time. This ...

CHOROS System

My cleanest trade of the day. AUDUSD confluence of H1 EMA50, R1, support and 50 level in an uptrend. Momentum not very strong going down and not that much space, but still good for some pips.

CHOROS System

Kostas, can I ask you a question? I remember that you posted about "fear of big account numbers" in the beginning of this thread. You wanted to trade the same account size for some time to get used to it iirc. Was this how you were able to trade ...

CHOROS System

Good question, I have also asked myself this many times. The process was not as straightforward for me as this summary is going to make it look. Writing about it will help me to analyze it better, probably helping to improve my trading performance ...

CHOROS System

It IS a great result, not many traders can double their account consistently for years. It sounds easy, everybody has done those Excel sheets that show that with 10 pips per day everybody can be a millionaire within few years. Still, not many people ...

CHOROS System

Great results, congrats! What I have found to be working quite well, but only with longer timeframes, are limit orders at areas of confluence like pivot points + 100 levels + H1 MAs. That way you don't have to stay glued to the screen. I still need ...

CHOROS System

Happy new year to all dancers! Here's my first trade this year in the DAX. Confluence of: 6700 level Resistance at ~ 6700 Daily R2 H4 EMA50 = H1 EMA 200 Took two small trades, exited quite quickly due to slower movement these days. Trying to get ...

CHOROS System

I took the same one and got some pips out of it, but in hindsight it was not a good trade. There was a SFP at a significant swing low (red line). From my experience this usually makes price go up really strong, so I usually don't counter trend SFPs. ...

CHOROS System

Nice one, Sesamstrasse! Already nicely in profit. My trade of the day: EURJPY confluence of H1 35/50, daily pivot and 140.00 round number. Steep approach with a > 100 pip down leg. Entry between DP and RN, trade in profit almost instantly. With this ...

CHOROS System

Sure! It's called TzPivots. I like it because you can edit the time zone, adjusting for example to daylight saving time. I use the MT5 version which I have attached, but I think there is also a MT4 version available. My settings are LocalTimeZone = ...

CHOROS System

I took the exact opposite trade in EJ earlier, caught about 11 pips as well. Reasons to enter: Move from S1 to R2 Confluence of R2, 137.00 round number and H4 35 Reasons for exit: R1 Strong upmove Looks like I pretty much sold my position to you, ...

CHOROS System

I would have expected a much more violent reaction. The wicks are only in the 5-10 tick range. I would have thought due to the many stop losses that might be there it would be more like 20-30 pips, at least with the very first move. Not much ...

CHOROS System

GU is at a very critical point at the moment. Second time back to a most significant support / resistance that goes back many years. The daily close yesterday was almost spot on. The volume seems to be thin today, but I would not be surprised by ...

CHOROS System

I took almost the same setup, just waited until the resistance close to the daily pivot and the H1 35 & 50. Nice move with almost no drawdown, of course I didn't hold it long enough to catch the whole move.

CHOROS System

You are right of course. I took the touch mostly because of the daily pivot. When in confluence with one or more MAs, from my (still limited) experience there usually is a reaction of at least 10 pips. I don't trade 35/50 without confluence (e.g. ...

CHOROS System

My first trade today, a loss in EY. Confluence of daily pivot, M15 35 & 50, H1 10, 35 & 50, plus 50 level at the red circle. Nice move with high momentum into the level. Took a touch trade, price went almost right through to my stop loss, albeit ...

CHOROS System

Nice one. You must be a happy camper now

CHOROS System

[philosophy mode] I know what you mean. I think that most experiences I gathered in normal life when overcoming obstacles / be successful cannot be applied to forex in exactly the same way. When facing difficulties / setbacks in real life I work ...

CHOROS System