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-   -   CHOROS Interactive (https://www.forexfactory.com/showthread.php?t=303258)

kostas1 Jul 10, 2011 3:04am | Post# 1

CHOROS Interactive
 
It seems the CHOROS thread has reached a maturity where anybody can go to study the method and the questions have been answered multiple times.
At this stage, I wanted to create a place for those that are experienced with the CHOROS method and want to post/discuss upcoming trades as they happen. So this thread will serve this purpose. It seems some of the CHOROS traders, trade the touches, some others the constrainments, some are focusing on EU, GU others on EJ, UJ, others are good on M15, others on H1 etc....
We could utilize this thread to take advantage of the power of the many to detect and post upcoming trades. This way we could catch more opportunities and discuss them while they are happening.
I will keep this thread strictly for this purpose. People who are not proficient with CHOROS should go and study the CHOROS system:
http://www.forexfactory.com/showthread.php?t=236210

Some rules to keep in mind:
1. If somebody starts asking questions about where I find this indi, or why not using that MA, or how about an EA, etc. will be put in my ignore list and will not be able to post in this thread anymore.
2. The same will happen if somebody starts spamming this thread asking basic questions about the CHOROS system.

3. For the CHOROS traders, I would like you to post here before the trade actually happens.
-Example1:
"Guys check out EU: Probable 2-bar retrace to M15 10. It could confluence with Daily Pivot. Area of interest 1.4520".
-Example 2:" Alert for EJ constrainment. See H1 10 at 115.40"
4. It would be nice to have charts but speed is of the essence. So if you spot a trade and you don't have time to grab a chart, just post an alert message for the rest of the gang.
5. I don't want to see trades that you did after the fact. The place for those is in the CHOROS thread so that people can learn there.
6. Only if an upcoming trade alert has already been posted, it is OK to discuss it after the fact to see what went wrong or what worked (charts would be better in this case).

I hope I made clear what I expect from participants in this thread. The purpose is not to create a thread with 10 million views but a thread that will bring 10 million $ to you!

kk007 Jul 10, 2011 10:06am | Post# 2

Good Idea!

I don't know whether I can give good alerts, but I will try from this Monday to post any interesting signals in the format you specified in your Rule 3.

Best wishes for this thread!!!

makonen Jul 10, 2011 7:05pm | Post# 3

choros interactive
 
Very good idea!

I hope it will work!
More eyes & brains better than one!
Thank you Kostas!

Many pips everyone!

kk007 Jul 11, 2011 2:46am | Post# 4

EURJPY H1.E10 Constrainment????

GBPUSD M5.E10 Touch????

zpiders Jul 11, 2011 2:50am | Post# 5

1 Attachment(s)
Potential short trade on EUR/JPY, constrainment on 1hr 10ema and confluence of emas on 15min. London opens in a few mins so may wait to see what happens before pulling the trigger..
Click to Enlarge

Name: chart.jpg
Size: 174 KB

kostas1 Jul 11, 2011 2:51am | Post# 6

EURJPY H1.E10 Constrainment????

GBPUSD M5.E10 Touch????
It looks like this bar was also constrained, but EJ has a gap from last night, the price could suddenly shoot up all the way to 115. So be careful playing this.

A big gap is also present in EU, so any short trade should be handled with care....

kostas1 Jul 11, 2011 2:54am | Post# 7

Picture of EU gap
 
1 Attachment(s)
This doesn't mean that you shouldn't take shorts, just be careful since these gaps tend to be filled within a day or two.
Click to Enlarge

Name: EU1.jpg
Size: 115 KB

kk007 Jul 11, 2011 2:57am | Post# 8

It looks like this bar was also constrained, but EJ has a gap from last night, the price could suddenly shoot up all the way to 115. So be careful playing this.

A big gap is also present in EU, so any short trade should be handled with care....
Thanks for advice. Entered (demo) before seeing your comment. Let me rethink at day end.

kk007 Jul 11, 2011 2:59am | Post# 9

GBPUSD M15.E10 Touch???

kostas1 Jul 11, 2011 3:01am | Post# 10

GBPUSD M15.E10 Touch???
I am also watching this for M5 rejection signal. Only problem that this will be the 3rd M15 10 touch.

kk007 Jul 11, 2011 3:03am | Post# 11

I am also watching this for M5 rejection signal. Only problem that this will be the 3rd M15 10 touch.
Thanks, yes it would be the third.

neomn Jul 11, 2011 3:18am | Post# 12

1 Attachment(s)
Kostas1,

Did you take that one? I never had the nerve to take the short because of the gap down, even though there are not many opportunity.

speak of that, there are M5 touch potentially 1.4173, but may not happen.

This doesn't mean that you shouldn't take shorts, just be careful since these gaps tend to be filled within a day or two.
Name:  EU.M5.PNG
Views: 16325
Size:  9 KB

kk007 Jul 11, 2011 3:29am | Post# 13

Thanks for advice. Entered (demo) before seeing your comment. Let me rethink at day end.

EURJPY H1.E10 constrainment:
Got +28.5pip

(R:R was 1:1, my initial SL was -28.5pip, smaller position, shorted @ 114.500)

kostas1 Jul 11, 2011 3:47am | Post# 14

Kostas1,

Did you take that one? I never had the nerve to take the short because of the gap down, even though there are not many opportunity.

speak of that, there are M5 touch potentially 1.4173, but may not happen.
No, I didn't. Patience until we get a good opportunity.

kostas1 Jul 11, 2011 3:47am | Post# 15

EURJPY H1.E10 constrainment:
Got +28.5pip

(R:R was 1:1, my initial SL was -28.5pip, smaller position, shorted @ 114.500)
Congrats kk007. You got the first winning trade in the new thread!

kk007 Jul 11, 2011 3:53am | Post# 16

Congrats kk007. You got the first winning trade in the new thread!
Thanks!

GBPUSD H1 35/50 @ 1.60000????

kostas1 Jul 11, 2011 3:57am | Post# 17

Thanks!

GBPUSD H1 35/50 @ 1.60000????
Which will probably confluence with M15 35/50 and H1 10. Definitely worth watching closely.

kostas1 Jul 11, 2011 4:02am | Post# 18

EU may go for 2bar retrace on m15 10. Concerned about the gap but I may try a scalp if it completes the retrace in 2 bars.

kk007 Jul 11, 2011 4:06am | Post# 19

EJ M15.E10 touch???

kk007 Jul 11, 2011 4:26am | Post# 20

EJ M15.E10 touch???
Didn't take it, not actually touched at realtime, no good PA.


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