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Binyamin replied Aug 13, 2012GBPUSD READ — For this pair, as per the image, it is clearly ranging and it is due to go south. Therefore in my GU scalps I will not long until it gets to the bottom end of the range. The rest of the pairs are ranging too but I can't read the ...
Record keeping and personal challenge
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Binyamin replied Aug 11, 2012Thanks for sharing. Do share more

TheChalleger's Journal - My Trading Journey
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Binyamin replied Aug 9, 2012ARGGHH!!! Hey grov!
Tonight I went out for a function and couldn't trade the new york session, but if I was around I would have traded this GBPUSD GU 15M 35/50 M5 double top and enter at the cross. The next one is AUDJPY 15M 10 1st touch at the ...Record keeping and personal challenge
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Binyamin replied Aug 9, 2012EURUSD 15M 10 1st touch — Market touch Weekly pivot and monthly pivot, bounce up and touch 15M 10, I entered at the M5 rejection of the 23 and planned to exit at 5.5 pips at the confluence. But market went so fast it went past the confluence ...
Record keeping and personal challenge
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Binyamin replied Aug 8, 2012
Yep I have seen Kostas taking those kind of trades. I don't know how to take those pure M5 touch trades. For me sometimes it works sometimes it doesn't. Or maybe it is relatively consistent it is just that I am reluctant to trade it due to ...CHOROS System
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Binyamin replied Aug 8, 2012Wow, welcome and thanks. Anyway since I am at it. I just took a EURUSD 7:45 GMT 15M 10 touch. Cheers.
CHOROS System
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Binyamin replied Aug 8, 2012EURUSD 15M 10 touch — Yesterday I took exactly the same kind of setup- a bounce from the S1/R1 to the 15M 10 and got stopped out. Today I took the same one and it gave me 5.5 pips, exit was at the S1. I was tempted as usual to hold for more ...
Record keeping and personal challenge
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Binyamin replied Aug 7, 2012HI DF, I took the same trade too. A really nice trade. Yeah I would IMO call that a 2 bar retrace. I forgot who said it, I think it was KennyZ or Kenneth Lee or maybe even Kostas1. The faster the price retrace to a S/R the higher chance of it ...
CHOROS System
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Binyamin replied Aug 7, 2012AUDJPY M15 10 touch — Took this for a quick 6 pips. It was the 1st touch at the 15M 10 EMA. I find that it is harder for me to take the next trade after a losing one. I have to overcome that because it is detrimental to my trading results. My ...
Record keeping and personal challenge
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Binyamin replied Aug 7, 2012AUDUSD 15M 10 — Took my 1st trade today, it turns out to be a failed trade. AUDUSD on the daily is definitely in an uptrend. SO took this 1st 15M 10EMA touch with M5 rejection at the 23EMA for a -8pips lost... Accept for the fact that price ...
Record keeping and personal challenge
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Binyamin replied Aug 7, 2012Hi since no one is answering your questions I will. This is just the way I do it. Of course there is a bit more to what I will explain. 1) I count when there are bars with small wicks heading to the MA. I ignore the little bars, my logic is, market ...
CHOROS System
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Binyamin replied Aug 6, 2012GBPUSD 15M 10 touch — The market blow through the H1 confluence and then retested the H1 35/50. The test was in conjunction with 15M 10 touch and M5 23 rejection. I shorted it for 14 pips, exit was at a M5 previous price action.
Record keeping and personal challenge
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Binyamin replied Aug 6, 2012EURUSD 15M 10 touch — My first trade to day was a failed trade for -9 pips. There was a H1 confluence under the setup and I was expecting the market to touch 1 of the confluence by entering in a 15M 10 touch with a M5 rejection. But market ...
Record keeping and personal challenge
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Binyamin replied Aug 5, 2012Haven't heard of James Harris Simons have you? Please check your facts before posting. Also if you read market wizards many of the fund managers there make more than just 30% a year consistently for years.
Barclayhedge Forex Trader's Annual Return: 7.29%!
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Binyamin replied Aug 3, 2012Trading during asian sessions??? — I have been limiting myself to markets after london open with the reason that the market is less volatile b4 london. However a few times when I foresee swings from the HTF, market will not wait until london ...
Record keeping and personal challenge
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Binyamin replied Aug 2, 2012Damn! what a contrast to what you were not too long ago!
Not too long ago you were trying to convince me that psychology is not important(look at you now lol).TheChalleger's Journal - My Trading Journey
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Binyamin replied Aug 2, 2012Account killer setups — The M15 10EMA was steep, there was a nice M5 rejection that was good for a couple of pips. BUT it would have been a risky trade IMO, not only was there H4 35/50 underneath but if you look at the H4 chart bellow the TMA ...
Record keeping and personal challenge
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Binyamin replied Aug 2, 2012This is why I always get confirmation from the smaller TF and I never trade choros setups purely with just the higher time frames.
I was at a function and couldn't take any trade in NY but this is the reason why I look for more confirmation from ...Record keeping and personal challenge
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Binyamin replied Aug 2, 2012GBPUSD — Here is the point of interest in GBPUSD. Certain scenarios might play out during the NY sessions. The confluences are DP, H4 10, H1 35/50 and RN. GU is at the lower part of its range, and if weekly market theory holds, GU will not end ...
Record keeping and personal challenge