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CHOROS System

  • #5,561
  • Jul 8, 2011 9:06am Jul 8, 2011 9:06am
Quoting iero4
Man, be carefull, don't mention about what Kostas can buy because here in Greece the goverment taxes even our pee and if they catch you buying a chewing gum they presume you are rich

  • #5,562
  • Edited 11:23am Jul 8, 2011 10:04am | Edited 11:23am
Hi all I am glad some of you guys managed to bag at least 19 pip on that touch trade. I in fact lost 10 pips on EURUSD for the total today. But I am not upset because I think I followed the rules to the best of my ability.

Quote
and we ALL can do it, if we apply (have the time to follow the charts every day ), avoid overtrading,
I agree with this 110% when I over trade by trading outside the rules base on just hunches I almost always lose money. I conclude that day trading this system requires much more discipline than 100% pure system trading I am use to. It is very tempting to think you are right and act on it outside the rules somehow.

Have a good weekend and thank you guys for all your support, I believe we all have the potential to do it. For the guys in the eurozone, please don't give up the fight for freedom and prayer, the fate of the world depends on the outcome at your end. (Ok enough off the topic talk here)

Btw I did not take the trade on the EURUSD everyone did because in my humble opinion the angle wasn't right. But you all that took the trade are probably more experienced than me. I need a crotch now and so I need to follow the rules very strictly like I am an absolute idiot. (Therefore I will trade like an idiot)

Right now I absolutely believe that it is possible to make a few percent at least everyday, day in day out just by following the 3 simple rules in the manual! See y'all on monday.
Riding the order flow
  • #5,563
  • Jul 8, 2011 11:57am Jul 8, 2011 11:57am
Guys,
You may want to check this thread for a very useful indi. Cudos to zznbrm for his contribution:
http://www.forexfactory.com/showthre...15#post4764415
  • #5,564
  • Jul 10, 2011 12:11am Jul 10, 2011 12:11am
I created the CHOROS Interactive thread for experienced CHOROS traders that want to discuss upcoming trades before the fact. It is located in the Interactive Trading section.

We will still be posting in the CHOROS thread for new people to learn and for experienced traders to evolve the system.
  • #5,565
  • Jul 10, 2011 4:07pm Jul 10, 2011 4:07pm
Quoting kostas1
I created the CHOROS Interactive thread for experienced CHOROS traders that want to discuss upcoming trades before the fact. It is located in the Interactive Trading section.

We will still be posting in the CHOROS thread for new people to learn and for experienced traders to evolve the system.
Can you provide a link to the interactive thread?
  • #5,566
  • Jul 10, 2011 4:24pm Jul 10, 2011 4:24pm
Quoting cmeade2
Can you provide a link to the interactive thread?
http://www.forexfactory.com/showthread.php?t=303258 If you click on Kostas' name there is a link that shows all threads started by him, you will find it there.
  • #5,567
  • Jul 10, 2011 11:39pm Jul 10, 2011 11:39pm
Quoting Binyamin
How do you guys spend your time between trades and during trades while also monitoring the charts. (Do you watch TV? Play games? Read a book? Sleep? while monitoring the charts)
Work.
  • #5,568
  • Jul 11, 2011 7:12am Jul 11, 2011 7:12am
I was just wondering if this would be a one or a four bar retrace to EMA10.

There were two green bars, then a red one an now a green bar again. Do you count the retrace as a whole or just the bull bars?
Attached Image
  • #5,569
  • Jul 11, 2011 7:23am Jul 11, 2011 7:23am
Quoting Demika
I was just wondering if this would be a one or a four bar retrace to EMA10.

There were two green bars, then a red one an now a green bar again. Do you count the retrace as a whole or just the bull bars?
I usually count the retrace as a whole, so this would be 4 bars to me...
  • #5,570
  • Jul 11, 2011 8:32am Jul 11, 2011 8:32am
Am back here. guess whats my post about? here was my todays only trade. zero drawdown. target in single trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 1H.jpg Size: 71 KB
Making money is easy- Just dont take losing trades
  • #5,571
  • Jul 11, 2011 12:03pm Jul 11, 2011 12:03pm
Quoting Survivor
Am back here. guess whats my post about? here was my todays only trade. zero drawdown. target in single trade.
its good to have you back, i hope all is good for you again and i hope to see you post in the interactive thread as well. we can do better with a constainment wizard
  • #5,572
  • Jul 11, 2011 12:49pm Jul 11, 2011 12:49pm
Would this qualify as a possible constrainment trade for EU... not considering the time of the day... just wanted to post in here and not in interactive thread as I don't want to pollute it

Whatcha guys think of this??
Attached Image (click to enlarge)
Click to Enlarge Name: euconstrainment.jpg Size: 115 KB
Flp. 4:13
  • #5,573
  • Jul 11, 2011 2:40pm Jul 11, 2011 2:40pm
Quoting Anthar
Would this qualify as a possible constrainment trade for EU... not considering the time of the day... just wanted to post in here and not in interactive thread as I don't want to pollute it

Whatcha guys think of this??
i think Kostas opened the interactive thread exactly for that kind of questions, for speculating and calling choros signals so alerts given by anyone get evaluated and commented by others.
back to your question, i think liquidity is low right now, i know asia doesnt have much luck trying new highs but i dont know about lows.
by the picture of things right now it looks like we are consolidating with a possibility of a scoop up scenario since M15 35/50 are diverging. actually the H1 10 touch is happening right now, lets see what this brings.
  • #5,574
  • Jul 11, 2011 2:51pm Jul 11, 2011 2:51pm
Quoting asos101
i think Kostas opened the interactive thread exactly for that kind of questions, for speculating and calling choros signals so alerts given by anyone get evaluated and commented by others.
back to your question, i think liquidity is low right now, i know asia doesnt have much luck trying new highs but i dont know about lows.
[color=black][font=Verdana]by the picture of things right now it looks like we are consolidating with a possibility of a scoop up scenario since...
Appreciate you comments, I am indeed following the H1 10 touch... lets see how it goes
Flp. 4:13
  • #5,575
  • Jul 11, 2011 9:38pm Jul 11, 2011 9:38pm
My biggest concern is sometimes the market gets really correlated especially EURJPY, GBPUSD and EURUSD. When the signal all comes at the same time when they correlate I am hesitant to trade them at original lot size. I have brought up this issue before but no one seems to be concerned about it. It is something you here about from hedge funds from time to time about minimizing market exposure.......

PS: I just want to see if anyone here have anything to say about it. After this I won't bring this issue up anymore.
Riding the order flow
  • #5,576
  • Jul 11, 2011 11:10pm Jul 11, 2011 11:10pm
Quoting Binyamin
My biggest concern is sometimes the market gets really correlated especially EURJPY, GBPUSD and EURUSD. When the signal all comes at the same time when they correlate I am hesitant to trade them at original lot size. I have brought up this issue before but no one seems to be concerned about it. It is something you here about from hedge funds from time to time about minimizing market exposure.......

PS: I just want to see if anyone here have anything to say about it. After this I won't bring this issue up anymore.
This issue has been discussed in here before. My take on it is that rarely you get the same quality signal on many currencies. Several times I have seen that both EU and GU give the same signal (e.g. M15 35/50 bounce) but in all cases one signal was better quality due to other factors (e.g. confluence with RN, other TF MAs, etc.). So in cases where you get the same signal in more than one currency, choose the best confluence signal and trade only that currency, full lot size.
  • #5,577
  • Jul 11, 2011 11:39pm Jul 11, 2011 11:39pm
Quoting kostas1
Guys,
You may want to check this thread for a very useful indi. Cudos to zznbrm for his contribution:
http://www.forexfactory.com/showthre...15#post4764415

I have created something for the same purpose. It basically plots a projected MA - what the MA will look like in the future if the trend continues at the exact same rate (if the slope of the MA remains the same as the last one). If someone may find it useful I could make a stand-alone indicator and post it (right now it is a small part of an ongoing project to make a program that will detect all valid Dance/Choros signals).
Attached Image (click to enlarge)
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  • #5,578
  • Jul 12, 2011 2:35am Jul 12, 2011 2:35am
Can't understand it. You guys are talking about how many pips you earned all the time but I have one looser after another...

Last example: EUR/GPB SMA35 touch, confluence with H1 M10 touch. Stopped out at -12 pips.

I'm trading The Dance since February now and I can't see any success. Dou you think there are people who just can't trade this strategy profitable?

http://www.myfxbook.com/members/MarcoR/nexus/116880
  • #5,579
  • Jul 12, 2011 2:47am Jul 12, 2011 2:47am
Quoting micmic
I have created something for the same purpose. It basically plots a projected MA - what the MA will look like in the future if the trend continues at the exact same rate (if the slope of the MA remains the same as the last one). If someone may find it useful I could make a stand-alone indicator and post it (right now it is a small part of an ongoing project to make a program that will detect all valid Dance/Choros signals).
Micmic, that's a great indi! I keep drawing those lines manually with the trendline tool. It would be fantastic for them to show up automatically. I would definitely like you to post that indicator for download. Thanks!
Luck occurs when preparation meets with opportunity.
  • #5,580
  • Jul 12, 2011 2:49am Jul 12, 2011 2:49am
Quoting micmic
I have created something for the same purpose. It basically plots a projected MA - what the MA will look like in the future if the trend continues at the exact same rate (if the slope of the MA remains the same as the last one). If someone may find it useful I could make a stand-alone indicator and post it (right now it is a small part of an ongoing project to make a program that will detect all valid Dance/Choros signals).
Interesting approach my friend! Feel free to post it here if you get it as a standalone.
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