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CHOROS System

  • kk007
    Joined Feb 2009
Quoting kostas1
If you read throught the thread, you will see the evolution of that 3%. For months now, I am at 1% (sometimes gets close to 2% when I capture around 30 pips).
Market was flat and unpredictable.. (at least for this week) how did you maintain daily growth.
Can you post some of your trades? chart or lines of trade records.
Quoting kk007
Market was flat and unpredictable.. (at least for this week) how did you maintain daily growth.
Can you post some of your trades? chart or lines of trade records.
Check carefully the M5 charts of GU, EJ, EU charts and tell me that you don't have at least 2-5 good trades per day....(remember TP is 5-10 pips/trade).
Quoting kostas1
If you read throught the thread, you will see the evolution of that 3%. For months now, I am at 1% (sometimes gets close to 2% when I capture around 30 pips).
I've been in this thread since last summer, and been reading all, but the situations, market conditions do change all the time
Quoting kk007
Market was flat and unpredictable.. (at least for this week) how did you maintain daily growth.
Can you post some of your trades? chart or lines of trade records.
this week's profit for me is 5,5%, been trading Monday (with 3% loss), Tuesday (with nice profit of around 6-7%) and Wednesday evening (almost 3% profit). It is harder but still can spot some good trades
I just had to lower down my daily expectations from 5-10% profit to 2-3% (which is still good)
  • kk007
    Joined Feb 2009
Quoting kostas1
Check carefully the M5 charts of GU, EJ, EU charts and tell me that you don't have at least 2-5 good trades per day....(remember TP is 5-10 pips/trade).
Didn't know you are trading EJ now.. the spread is 3.2 pip on fxpro ....
Perhaps, my M5 skill is not good enough.
Would you mind telling the trades you have taken on Mon? If you don't want, that is ok.
Quoting kk007
Didn't know you are trading EJ now.. the spread is 3.2 pip on fxpro ....
Perhaps, my M5 skill is not good enough.
Would you mind telling the trades you have taken on Mon? If you don't want, that is ok.
Agree, EJ spread sucks. I used to trade EJ very early on (I think there are some trades posted in the thread). Lately, I noticed very predictable strong moves on the M15 and M5 so it has replaced AU in my list.
I'm trying to trade with the strategy:

It's a good trade?
Dear renanc93 welcome to the choros!
Your trade I think has 3 disavantages:
1. It is the second m5/12 touch.
2. HTF (H1) is against you.
3. You haven't any confirmation (m5 bar crossed the m5/12 and closed below,
the same for the second).

All this is my opinion.

This is a m5 choros I took just before some minutes:
I think is by the rules.
Have a nive weekend & many pips everyone!
Attached Images
Hello markonen,
So I need a confirmation before enter? Just like a doji?
Can you tell me the MA's who you are using? Your chart aren't looking like mine.
Thanks!
Hello everyone,

I decided to post my first bad trade, which is also my first post on this forum!
I've read through the manuals from Clay and read the entire summary document of the posts, took me about 1-2 weeks.

Now i started trading the strategy this week and took 4 trades. First trade went BE, second and third trade profits, and today i took a loss

I did my own analyse on it. So far what i came up with;

1. M15 35&50 not pointing to the right direction to short
2. touch on 35&50 on M5
3. At/Below 10 on H1 after having broken down from 62&50 again.

ps. black=50, brown=35 on my charts

Attached Image (click to enlarge)
Click to Enlarge Name: 50 EMA touch Before.PNG Size: 113 KB


My entrypoint was finetuned at 5M where a double tops had formed and price went down, and aswell almost touched 35SMA on M15. So at this moment things looked good. HOWEVER, i made myself a rule to not go beyond 12 SL. My experience told me to atleast put the SL above the last high, which was about 19 pips. Anyway, things looked good.

Now a few moments, later price moved up and went a little bit over 35SMA. I got spiked out at that moment.

Attached Image (click to enlarge)
Click to Enlarge Name: 50 EMA touch After.PNG Size: 116 KB


I got spiked out by about 1-2 pips, after that the price went down!

Now i read from Kostas that he's using 5M PA to finetune his entry. Clay however, takes the first touch without thinking about PA, as far as i know. Now i've got this feeling that i enter too quickly AND/OR wait too long because of waiting on a PA and not just fully trust the lines.

What do you think? Was the trade valid? Did i wait too long? Should i just put orders drawn from where i feel my SL would be safe? Some feedback please

Also, thanks Kostas for still contributing in this topic after almost 3 years! And the other veterans ofcourse!
This is giving me alot of confidence that the strategy is gold, and keeping me motivated,
Quoting makonen
Dear renanc93 welcome to the choros!
Your trade I think has 3 disavantages:
1. It is the second m5/12 touch.
2. HTF (H1) is against you.
3. You haven't any confirmation (m5 bar crossed the m5/12 and closed below,
the same for the second).
Agree with makonen. Nothing else to add.
Quoting kostas1
Check carefully the M5 charts of GU, EJ, EU charts and tell me that you don't have at least 2-5 good trades per day....(remember TP is 5-10 pips/trade).
kostas is just 5-10 pips working out better than the 30 pips daily target? What about your stop is is still max 16 pips per trade?
Quoting fugly
kostas is just 5-10 pips working out better than the 30 pips daily target? What about your stop is is still max 16 pips per trade?
5-10 pips is PER/TRADE. My daily is around 15-20p for 1% risk.
Hi

Not sure how to read this one. is is not price constrainment, but it keeps touching and bouncing EMAs.
does it mean it will go up or does it mean "one never knows" ;-)
sorry for noobish question but I prefer to ask more advanced traders
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 100 KB
Quoting Eur Usd
Hi

Not sure how to read this one. is is not price constrainment, but it keeps touching and bouncing EMAs.
does it mean it will go up or does it mean "one never knows" ;-)
sorry for noobish question but I prefer to ask more advanced traders
This is like ping-pong. Look at the GU M15 for example which is more clear (ping-pong between 35-50). In EJ it was ping-pong between 10-50 in M15 and between 10-200 in H1. The ping-pong areas are not good for reading direction, but they are great for scalping between them.
cheers. I took it a bit wrong as you can see on my pic. but I learn something new every day ;-)
I took it as signal for long at the touch of 10ema, so am in the trade for a while with widen risk.
Quoting kostas1
Check carefully the M5 charts of GU, EJ, EU charts and tell me that you don't have at least 2-5 good trades per day....(remember TP is 5-10 pips/trade).
I'm screening the M15 the whole day on GU & EJ, but still find myself having trouble finding good trading opportunities (or perhaps i hesitate too much on M15 first touches and the action has already happened). But switching to M5 and analysing it, i see alot more opportunities which happen way more often on a day. Mind if i ask if you trade according to Endroute rules, or the main dance rules together with PA?

I think it will speed up my learning process faster as there are more signals, which gives me more screentime aswell on how the price reacts to them. Are you also trading RN touches if the price hesitates? Probably it will also help me for not taking any signals less than A+ out of boredom.
http://www.forexfactory.com/showthre...76#post6474676

besides my explorer is back on
  • kk007
    Joined Feb 2009
Quoting Mones
I'm screening the M15 the whole day on GU & EJ, but still find myself having trouble finding good trading opportunities (or perhaps i hesitate too much on M15 first touches and the action has already happened). But switching to M5 and analysing it, i see alot more opportunities which happen way more often on a day. Mind if i ask if you trade according to Endroute rules, or the main dance rules together with PA?

I think it will speed up my learning process faster as there are more signals, which gives me more screentime aswell on how the price...
I think kostas1 use EMA 12 an EMA 23 on M5, there are a few trades posted by him here, which you can check.
Personally, I don't know how exactly he trades the M5 chart, I guess in general he uses M1 for PA confirmation.
I can't speak for him, but you may possibly get a rough idea, before he comes to reply.
Quoting kk007
I think kostas1 use EMA 12 an EMA 23 on M5, there are a few trades posted by him here, which you can check.
Personally, I don't know how exactly he trades the M5 chart, I guess in general he uses M1 for PA confirmation.
I can't speak for him, but you may possibly get a rough idea, before he comes to reply.
Thanks for responding. I'll try to look them up. I suppose everyone here is still trading the regular dance? I want to discuss a 2nd trade which turned out in a loss today

I think it was a totally valid by the rules and also a confluence trade. It was a 35&50 touch trade on 15M, confluence with 10 H1, after getting resisted by RN.
Attached Image (click to enlarge)
Click to Enlarge Name: GU valid 35.PNG Size: 108 KB


Price DID bounce a litlte bit up, but it seemed like there were only 5 buyers in the whole world. Result:
Attached Image (click to enlarge)
Click to Enlarge Name: GU35 valid after.PNG Size: 95 KB


Can anyone try an analysis on my trade? I tried but can't see what i did wrong. It just looks like 5M is dominating and just pushing the price more down.
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