I have a question image In the posted pic I marked two points with the arrows. My question is about trading at said points. In the first situation the 35.50 EMA started to go apart from each other but price bounced off the 35 and kept rising. In ...

CHOROS System

As stupid as it sounds I closed this trade by mistake...I guess my mouse is conspiring against me ) Still...here it is...10 EMA trade. Another good trade would have been at the 35/50 but price didn't quite got there... image

CHOROS System

Hello dancers! Long time, no post! I've been dancing with the market pretty well lately I wanted not to trade today, but I couldn't stay away, made a quick 10 on USD/JPY image

CHOROS System

Thanks

CHOROS System

jbmaverick, can you please tell me the name of the indicator that paints the red and blue dots on your chart and the settings you are using for it? Also, can you please tell me what moving averages are you using? I've been searching for a long term ...

CHOROS System

Thank you, I just did the same thing with AUDJPY...done trading for today

CHOROS System

Glad that it worked for you, still the price was driven by news...it was pretty risky

CHOROS System

you have a point there, still the 35SMA and R1 were converging plus price tried to go higher and it was rejected so...no place to go but lower

CHOROS System

Took a quick profit of about +8 pips...closed the trade manually (shouldn't have done that but...oh well) image edit: similar trade setting up on AUDJPY

CHOROS System

Than bounce trading it is

CHOROS System

One mo' before I go This may sound a bit stupid but I want to understand everything as clear as possible Is there a difference between "touch trade and bounce trade"? I thought there are only 2 types of trades: constrainment and touches, both ...

CHOROS System

Looks good. Thanks for clearing that out. Also, the images with your 35/50 MA's are very helpful!

CHOROS System

Than for the moment I'll also focus on bounce trades. When that becomes 2nd nature, I'll look for constrainment trades. I didn't saw any x's in the picture but I got what you mean. Can't wait to see your next post (edit: which is now your the ...

CHOROS System

Don't get me wrong, I never said constainment trades are wrong, just for some reason I thought those were easier to spot; after all I'm new to this strategy and I need time to get to know it better. Also, I never trades MA's like this before. I had ...

CHOROS System

I wish you the same thing! I definitively have to get more screentime and to get used to this strategy! I have another question, if you could help me out: image In this situation the 35/50 MA's were rather flat and had a gap between them, still ...

CHOROS System

I guess I'll stick to touch entry's before moving on to constrictment ones. For some reason I thought constrictment is easier to spot

CHOROS System

Thank you for advice, price sure does look better in the first pic; but as I've mentioned I was focused on the 35/50 for constrainment at that trade. I have to study this kind of trade more.

CHOROS System

When I read the book I noticed one or two constrainment trades where the 10EMA was flat and price was constrained by 35/50. I thought that 35/50 will no let price go lower when I traded, still s**t happens sometimes . I didn't considered closing ...

CHOROS System

I learned something new...thanks ! Much more easier that way!

CHOROS System

Here are my exact entry coordinates image The S&P/CS Composite-20 HPI y/y probably messed up my entry, but I didn't thought it was a market mover. The two white sports mark two entry's that were profitable[/quote] (in my opinion ) p.s. I will ...

CHOROS System