I am waiting for the right setup to go short. I don't see it coming now. The price is creating too much traffic for there to be a uncluttered highway.

CHOROS Interactive

Oh I mean mental time stop, but hey an automated time stop might not be a bad idea but I can see it will be a bit complicated for the user because the user have to key in the price target according to the PPA or so.. A few times I notice that if a ...

CHOROS System

Hi does anyone here use time stops, meaning if a trade doesn't fulfill certain criteria by a set amount of time you get out?

CHOROS System

For the first time a bar has closed outside the range. I hope the ranging market doesn't end so fast. I like trading ranging markets. I will look to enter long if the market turn the resistance into a support.

CHOROS Interactive

It reverse to form a nice pin on the 15M here which is a sign the ranging market will continue.

CHOROS Interactive

Ah I think I get you question now, if the price takes 2 bars or less to get there after it deviate from the trend is it valid? The answer I will give you if I do will not be Choros-ly by the manual correct it is my way of trading it. I invite the ...

CHOROS Interactive

I wish the pros will explain this because I don't have the gift of the touch(I don't trade the touch anymore). Your first question: I don't know but I remember Kostas explain ages ago that he count it as a bar towards the EMA 10. PLEASE CORRECT ME ...

CHOROS Interactive

I am sorry to hear that, now you know why I am scared as hell to trade without enough confirmations.

CHOROS Interactive

Well the rule of a 10EMA touch trade is, the EMA must be steeper than 45 degrees and price must get to the 10EMA in 2 bars or less. Hence the 2 bar rule. Argh I must mention something too, the season traders here add an additional rule to it, the ...

CHOROS Interactive

I don't trade touch but wouldn't your trade break the 2 bar rules?

CHOROS Interactive

If this current bar now closes as a pin bar and its proximity is far away enough from the Next RN I won't hesitate to sput a sell stop under the bar. Day Trading Pros! Please comment! Edit: If it close as a pin bar in the 15M and 30M there are quite ...

CHOROS Interactive

I made a mistake with this trade, I didn't see the RN right in front of the pin, I am just lucky the price have move enough to let me go to BE with my 1st half TP-ed.

CHOROS Interactive

A retrace from a strong support. agree Anyone here think it will hit the DP?

CHOROS Interactive

Ooh I din see the pin, you trade during the Japanese session... Nice one anyway.

CHOROS System

I can't delete this post, I had a thought and I think what I wrote was wrong I think it is right that we obey the law and not break it. The law makes sense, it is there to protect our well being. Sorry for 2 useless post I would have delete it if I ...

Malaysia central bank states Forex is illegal

Hey there nice trade, were you a bit cautious since the 35/50 are not parallel? What gave the conviction despite the unparallel MA?

CHOROS System

I miss the ping when the pin bar occurred, I am now waiting for a pong.

CHOROS Interactive

The main goal is not to make as much money as possible, it is to come back to Malaysia and live for personal reasons(being a good and faithful Malaysian), plain and simple. Being in Malaysia doesn't require me to have my assets in Malaysia. I don't ...

How to start a hedge fund in malaysia?

For Choros, my goal is simple, to make 0.5% per day. For the last 3 weeks 4 days I have been averaging 0.93% per day instead of 0.5% with 0.5% risk per trade. I hope to trade more markets including futures and reduce my risk pertrade to 0.25% per ...

CHOROS System

I don't use simulator, just MT4 and an excel sheet bar by bar.

CHOROS System