Chart setup answers — Thanks Asos, IamThat and Kostas for helping me out with the chart setups. I knew/suspected some of your answers but now I have it complete. Asos, I hear you and I agree. I work on this as I get time. My problem ...

CHOROS System

Yes, this is Oanda. Their Sunday data is not consistent across TFs, either. I can't write code unless it's real easy, so I'm glad you looked at these. I included fxbc_S$R_pivots.mt4 because Binyamin said he uses it. I was thinking you could edit the ...

CHOROS System

Yes, I do remember this now that you mention it. It's been a while since I read the early thread. Thanks for confirming, Kostas.

CHOROS Interactive

Need help with chart setup — Hi, guys. Wondering if you can help me out. I'm trying to set up my charts the same as you guys. I'm reading over thread history, and looking at Kostas's chart attachments. There are lots of indis and lines that ...

CHOROS System

I found it in one of his posts a couple of months ago. He said it was not his discovery. I was going through his posts and attachments. I'd never done that before for Kostas. His posts only 18 months ago are like mine now - asking for help, ...

CHOROS Interactive

Your first post jump-started my brain. I followed the trade, did everything except execute the trade. As I said, I'm done after two losses today. I WILL learn to do it! Thanks for the encouragement!

CHOROS Interactive

M15 retrace to 10, confluence with RB 1.3850, M5 23. I'll guess you took your entry off the M5 23 touch and didn't wait to touch the M15 10 because of the RN resistance.

CHOROS Interactive

Looks so logical when Kostas posts it! Kostas, are you still watching for both those touches, now 30 minutes later, even when trend is now pretty deep? Edit: I'm just going to watch, no more trades for me today.

CHOROS Interactive

Thanks, Haydel, good analysis. At least I'm only losing a dollar or so at a time. So I only get angry, not sick like if it's real money! I'll be at the last resort soon - vinegar therapy!

CHOROS Interactive

Interesting... Looking over the M15 chart, I think i would have gotten burned on a long 10 touch on that trade, too! I'll have to study this some more. Question: why do you use a 14 EMA, as opposed to 5 or 10 per Choros setup? Thanks for sharing ...

CHOROS Interactive

Thanks, Bouba. I was looking at it as an M15 35/50 touch - steep MAs, confluence with DP and RN, quick retrace after good down move, first touch. The big candles did bother me a little, but I decided it looked like a good setup anyway. Touch trades ...

CHOROS Interactive

That makes sense. Watching on the lower TF for price to at least hesitate at the projected reversal point. When it blew straight through 1.6000, already past the DP, we should have suspected a flaw in our analysis. I was looking for a plain old M15 ...

CHOROS Interactive

M5 confirmation? I've seen using M5 for fine tuning entry but not for M15 or H1 confirmation. Would you mind explaining please? Sorry if you've talked about this previously and I missed it.

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I was watching this too and took the trade. Got a good entry right on the RN. When it went up I was so confident in the pattern that I went short again when it hit the M15 35. Got stopped out twice! Bad day, I quit. Until tomorrow, that is.

CHOROS Interactive

Glad you got some pips! I had a bad entry - eager beaver, couldn't be patient! Entered too soon, below the 1.6000. I was sweating it up until news time but that 5:45am bar shot down in the last 2 mins of the bar and I got out with +4.

CHOROS Interactive

Ii see your point and it makes sense. But I think what happens is this: for Sunday values it uses data from Thursday 5 pm - Friday 5pm, so Sunday is good. For Monday values it uses Friday 5pm - Sunday 5pm, which is a short data set. See the attached ...

CHOROS System

GU short - M15 10 touch, 1.6000 RN, daily pivot

CHOROS Interactive

Now I see you have already posted the same indi! Thanks buddy!!

CHOROS System

I live in the US in EST time zone. Sundays are short days for the market since trading starts mid afternoon. Also, the London market does not open at all on Sunday in the US. Therefore Sunday data is not as important as the rest of the week, so some ...

CHOROS System

Pivot Point Indicators — I've looked at lots of pivot point indicators. I have not yet found one that does everything I want. The most important feature to me is correct calculations (duh!). And the most important calculation feature is the ...

CHOROS System