I place a sell stop under this pin bar but the price never hit it, had it did I would have been stopped out. From my little experience, I find H1 more reliable than 15M for this method.

CHOROS System

Anyway here are the bar actions yesterday and 1 the day before on the H1 EURUSD. These are in regards to choros, notice how 3 of them gets near the 10EMA just before the bearish engulfing or pin bar is completed for a setup? I only took the 2nd ...

CHOROS System

I think I meant an idiot can follow the rules. But its been a while and I know now it is not that simple because I can't be consistent even doing that.

CHOROS System

I also have my times with this strat in the beginning especially. Getting frustrated that things are not working and getting those "HAHA got you!" moments where there always seems to have extra hidden new rules here and there I am not aware of. For ...

CHOROS System

Sorry if I am wrong but are you trading for excitement? I still take those vinegar shots when I do stupid things with my trade and that keeps me in check.(I havent took one for a long time but I have a bottle of vinegar beside me just in case) I ...

CHOROS System

Yeap, see if it can turn the support of the low in July into a resistance, I am prepared to ride it even to a thousand pips if it will. Or right up to 1.0000 lol.

CHOROS System

Here is another chart where right after the 15M trade there was an ok setup I missed. This is partially Choros..... It can happen many times on the lower TF when you get a decent higher TF setup. While the higher TF is heading to its target the ...

CHOROS System

You mean on the daily chart for my trades? My SL is 1.4151, and yes usually is at the high of the setup action bars if I consider the inside bar but this is an exception I only consider the pin bar. My 1st TP is 1.3930, if I want to be ultra ...

CHOROS System

Last thing to mention is, I like this form of trading because it is not pair or market specific. I have heard of traders using it well in index, stocks and commodities too(exactly the same way). Since it is bar action trigger, a trader can trade 100 ...

CHOROS System

Graphically explained in choros thread. It is quite simple actually.

CHOROS Interactive

Compliance. Yeah Bar action is what Haydel described sorry for the confusion. Always wait for a bar action and Always enter with a stop order at the low or high, no exception except for 1H constrainments. Always take your first TP at the next price ...

CHOROS System

In EURUSD the 9/7/2011 daily bar is a pin bar(confluence with an inside bar) rejecting PPA, that tells me EURUSD has a higher chance than usual to push towards 1.3850 or the previous low in July within 2 days. (I open a trade on the dailies too) ...

CHOROS Interactive

Cheers, I do think most of you know it at least intuitively. I am actually curious to know if a losing trader in this strat can start making money after knowing this. I wrote it mainly for the ones relatively new to discretionary trading so that ...

CHOROS System

130 views but no answer. I called up quite a few govt. department including the central bank in Malaysia and none of them know.... Hedge funds are some of the most profitable organizations, I will be surprise if the Malaysian govt. don't have any ...

How to start a hedge fund in malaysia?

Last thing I will say. You can take the idea from my previous post and apply it to the weekly and daily charts with no problem. Use previous price action and bar action to predict the swing and enter with a sell order. Exit the way I mention(1st ...

CHOROS System

I've been doing this quite consistently, I enter the choros trade(touch constrainment whatever) at a buy/sell stop order after a price action unfolds, bull bear engulfing, Double top Lower close, inside bar and pin bars. I exit my first half at the ...

CHOROS System

You are in the wrong thread for that, you might want to have a look at SteveHopwood's thread. A few of his EAs have incredible equity curves.

CHOROS Interactive

Constrainment on CHF pairs H1 10 EMA. I won't be trading it.

CHOROS Interactive

Yeah I always try to make an EA out of everything. I have an EA for alerting the presence of pin bars and bullish bearish engulfing things we don't trade here..... But even still, the alert need some discretion on where is it in relation to other S ...

CHOROS Interactive

Firstly congrats to Kostas and Survival. I made a few hundred pips too but that is with a stoploss of 115 pips from the daily chart placed a few days ago(not choros). You guys are pulling it off with a SL of probably 15. Which is a R:R of ...

CHOROS Interactive