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CHOROS System

  • #11,741
  • Feb 17, 2015 5:15am Feb 17, 2015 5:15am
I don't know what I am doing wrong.
Look at the charts please:
Where was the good point for entry? I can't see any to be honest. Contrainment on 200 ema? Don't tell me that situation from 8:30 is a good entry point as it could go up and down equally (10 ema wasn't climbing then yet)
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On my way to financial independence - if others can do it - I can do it
  • #11,742
  • Feb 17, 2015 5:19am Feb 17, 2015 5:19am
Another chart, same situatiuon, 8:30 wen't up but 10 ema wasn't climbing up yet. Price made 100 pips up over few hours but no entry point according to dance. rules. I see price constrainment at 35 ema but ema was rather plat so not the best signal.
I was waiting for the moment when 10 ema will be at 135 hoping it will be good signal to buy but price never reversed. I bet it will get to 136 and will start reversing and then will get over 10 ema like knive over butter without even stopping, and it will be the 1st touch. Weird, how successful I was with the method on beginning and how crap it goes for me now.
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On my way to financial independence - if others can do it - I can do it
  • #11,743
  • Feb 17, 2015 5:24am Feb 17, 2015 5:24am
This move was forced by news at 9:30 but still no signal imo and after few hours, 10 ema is getting flatter but still no reverse of price to it.
Author of the manual was saying about so many opportunities during the day that you can earn million a year - I'll be happy to earn 1000 a year but it is easy to show where price was indicated to go on full chart, but it is way harder to show it live when the emas are not going up or down. Two years in dance/choros, and still can't learn it.
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  • #11,744
  • Feb 17, 2015 6:05am Feb 17, 2015 6:05am
And an example of failure. Entry at pink circle, second bar, 1st touch imo, 10 ema still steep, losing steepness but still steep. First price went up about 7 pips and went against me with 15pip s/l
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  • #11,745
  • Feb 17, 2015 6:33am Feb 17, 2015 6:33am
And now EJ for the morning. Movement of nearly 150 pips gave no signal at all. As I said before price bounced from 136 lvl and is getting weaker, 2 red bars reverse, quite short one and third one opened. In this moment all hopes for signal are gone. I've wasted whole morning for nothing.
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On my way to financial independence - if others can do it - I can do it
  • #11,746
  • Feb 18, 2015 5:31am Feb 18, 2015 5:31am
Quoting Eur Usd
And now EJ for the morning. Movement of nearly 150 pips gave no signal at all. As I said before price bounced from 136 lvl and is getting weaker, 2 red bars reverse, quite short one and third one opened. In this moment all hopes for signal are gone. I've wasted whole morning for nothing. {image}

no good signal , no trade entry .. , that sounds very simple but that s tricky , I know right .

Here is my constrainment EU M15 + 24 pips .. and now looking on m1 to get a possible touch 50 Ema EU .
Guido
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Risiko birgt immer auch die Chance.
  • #11,747
  • Feb 18, 2015 6:11am Feb 18, 2015 6:11am
Good one Sesamstrasse - how many trades do you get per week?
On my way to financial independence - if others can do it - I can do it
  • #11,748
  • Feb 18, 2015 6:12am Feb 18, 2015 6:12am
Quoting Sesamstrasse
{quote} no good signal , no trade entry .. , that sounds very simple but that s tricky , I know right . Here is my constrainment EU M15 + 24 pips .. and now looking on m1 to get a possible touch 50 Ema EU . Guido {image}

Here is my m1 EU 50 touch .. in fact I hunted the touch with a pending.. result is - 3 pips , the 50 wasn t steep enough anymore.. for my taste..
sometimes it just don t work ..
Guido
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Risiko birgt immer auch die Chance.
  • #11,749
  • Feb 20, 2015 8:26am Feb 20, 2015 8:26am
Hello dancers!

this classic m15/10 for today.

Have a nice weekend.

Eurusd you have to fix your charts scales.
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  • #11,750
  • Feb 22, 2015 8:03am Feb 22, 2015 8:03am
Quoting Eur Usd
Good one Sesamstrasse - how many trades do you get per week?

Depends on the time on my work at the office.

Id say normally 1-5 trades a day in a M1 chart and around 3-10 a week in a higher timeframe m15 to H4 .

H4 is another strategy , Dancing / Choros I use in M15 to H1 usually.

Im very busy with my job and its one of the most important things for a successful trading IMO .

Whenever I sit on my screen and try to " make pips ".. I fail . .. , and my entries aren t bad !!


... but when I focus myself on the job .. and enter from time to time easy in and out of the market ,
I make goood profits.
All in all its a symbiose !

I like the job .. and it gives me green pips then .
Sitting at home and trading gives me much worse results .

Good luck Guido
Risiko birgt immer auch die Chance.
  • #11,751
  • Feb 23, 2015 3:10am Feb 23, 2015 3:10am
Quoting Sesamstrasse
{quote} Depends on the time on my work at the office. Id say normally 1-5 trades a day in a M1 chart and around 3-10 a week in a higher timeframe m15 to H4 . H4 is another strategy , Dancing / Choros I use in M15 to H1 usually. Im very busy with my job and its one of the most important things for a successful trading IMO . Whenever I sit on my screen and try to " make pips ".. I fail . .. , and my entries aren t bad !! ... but when I focus myself on the job .. and enter from time to time easy in and out of the market , I make goood profits. All...
Do you trade m1 according to dance m1 manual or something else? how much pips you get per trade on m1?
On my way to financial independence - if others can do it - I can do it
  • #11,752
  • Feb 23, 2015 3:46am Feb 23, 2015 3:46am
Quoting Eur Usd
{quote} Do you trade m1 according to dance m1 manual or something else? how much pips you get per trade on m1?

In m1 I do 2 systems , Choros ( but without the 35sma!! and the 10 only for trend direction , not as a touch )
And the " trading made simple " by Eelfranz is what I do in M1 , H4 and sometimes a daily .


My M1 targets are 5 pips clean ( + spread and commissions ) and i like it much !
Years ago , I made a great profit with another strategy only m1 trading .
But after several months it punished my brain too much and I quit with 500% profits and a headache like 2 months party in one step.

The Choros is a wonderful strat in m1 if you only count the 50 and ride it only 5-7 pips.
Just a "cheap " and quick executing broker is required !!!!!!!!!!!!!!!!!!!!!!!!!!!!

hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #11,753
  • Feb 23, 2015 4:22am Feb 23, 2015 4:22am
Quoting Sesamstrasse
{quote} In m1 I do 2 systems , Choros ( but without the 35sma!! and the 10 only for trend direction , not as a touch ) And the " trading made simple " by Eelfranz is what I do in M1 , H4 and sometimes a daily . My M1 targets are 5 pips clean ( + spread and commissions ) and i like it much ! Years ago , I made a great profit with another strategy only m1 trading . But after several months it punished my brain too much and I quit with 500% profits and a headache like 2 months party in one step. The Choros is a wonderful strat in m1 if you only count...
what is risk to reward ratio? what s/l? is it 5-7 pips as well?
I think I need to move to 1 currency only, like EU and leave the rest behind
On my way to financial independence - if others can do it - I can do it
  • #11,754
  • Edited 12:08pm Feb 23, 2015 4:59am | Edited 12:08pm
Quoting Eur Usd
{quote} what is risk to reward ratio? what s/l? is it 5-7 pips as well? I think I need to move to 1 currency only, like EU and leave the rest behind

Yes, ratio 1:1 about.
SL 5 + spread and comm . same TP.

But i have an eye on the priceaction , too !!

I shorted the EU m1 50 ema 10 minutes ago at around 1.1311 and I expect a break of the round number !

So hopefully 13 pips tp ^^ !! this time
Guido

EDIT : while writing this post , TP hit
( by the way in TMS i had also taken this trade )
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Risiko birgt immer auch die Chance.
  • #11,755
  • Feb 24, 2015 5:31am Feb 24, 2015 5:31am
http://www.forexfactory.com/showthre...24#post8091724

35/50 bounce ... steeepnes of the MA angles are nicely ... sometimes it just don t work .
I expected more , but after 5 pips in profit , I triggered my SL to BE and got stopped BE.
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Risiko birgt immer auch die Chance.
  • #11,756
  • Feb 24, 2015 5:38am Feb 24, 2015 5:38am
Quoting Sesamstrasse
http://www.forexfactory.com/showthre...24#post8091724 35/50 bounce ... steeepnes of the MA angles are nicely ... sometimes it just don t work . I expected more , but after 5 pips in profit , I triggered my SL to BE and got stopped BE. {image}
Look at the confluence in H1 (35/50/200), H4 10, DP.
I am waiting to see if it reacts there for a short (around 1.1340-1.1350). In any case, the EU today can be erratic if there are news from Greek negotiations...
  • #11,757
  • Feb 24, 2015 6:06am Feb 24, 2015 6:06am
Quoting kostas1
{quote} Look at the confluence in H1 (35/50/200), H4 10, DP. I am waiting to see if it reacts there for a short (around 1.1340-1.1350). In any case, the EU today can be erratic if there are news from Greek negotiations...
For Draghi and Yellen I don t care , because I stay out that time minimum 30 min before and after the news release.

H4 10 touched already before( may be a constrainment is forming ??? ).. and h1 35/50 isn t that close together as I like it .
nope , I just wanted to trade as simple as possible ( without thinking ) the clean bounce 35/50 in m15 with a target around 12 pips.
It didn t work .. , got a BE and that s it .

Only simple trading works with me fine , no bigger picture , no big expectations .., only simple steep touches , in timeframes h1 and below
in Choros style , higher timeframes in TMS( with bigger picture )

And my account says I do good with it .

So one question to you , Kostas .. lets say it reacts nice .. a h1 35/50 touch is possible , would you jump on it ??


It can be harsh news , so I better stay out and take my 12 pips with double lotsize EU this morning and let the other fishes swim .
Im sure the market will be also here tomorrow .
Green pips
Guido
Risiko birgt immer auch die Chance.
  • #11,758
  • Feb 24, 2015 6:11am Feb 24, 2015 6:11am
Quoting Sesamstrasse
{quote} For Draghi and Yellen I don t care , because I stay out that time minimum 30 min before and after the news release. H4 10 touched already before( may be a constrainment is forming ??? ).. and h1 35/50 isn t that close together as I like it . nope , I just wanted to trade as simple as possible ( without thinking ) the clean bounce 35/50 in m15 with a target around 12 pips. It didn t work .. , got a BE and that s it . Only simple trading works with me fine , no bigger picture , no big expectations .., only simple steep touches , in timeframes...
Agree fully with your approach. As you know I am also a fast get-in & get-out guy. The way I would try to short this for a quick 15-20p is only if at the area I indicated there is a good short M15 reaction bar.
  • #11,759
  • Edited 5:10pm Feb 27, 2015 10:31am | Edited 5:10pm
Dear dancers!
Today was the last friday in the month, the day when very often new lower lows or higher highs getting reached!

In EU we were about 120 pips at the daily open from the lowest low at 1.11 away.

EU H4 10 Ema showed a steeeeeeeep angle and I pulled the trigger with a tripple size order, because I expected
a new low .

Finally I got stopped with it after 70 pips in profit +9

Target was 140 pips .

Some days are just shitty ..............
Happy weekend!
Guido
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Risiko birgt immer auch die Chance.
  • #11,760
  • Mar 2, 2015 5:11am Mar 2, 2015 5:11am
Quoting Sesamstrasse
{quote} Yes, ratio 1:1 about. SL 5 + spread and comm . same TP. But i have an eye on the priceaction , too !! I shorted the EU m1 50 ema 10 minutes ago at around 1.1311 and I expect a break of the round number ! So hopefully 13 pips tp ^^ !! this time Guido EDIT : while writing this post , TP hit ( by the way in TMS i had also taken this trade ) {image}
I have tried the 1m frame trading today and I am amazed. Made 7,2% profit with 27 pips. Signals come more often but it seems easier than 15m as I don't lose my patience. Will see how it goes but I was near to give up on trading and now am full of hope again ;-)
On my way to financial independence - if others can do it - I can do it
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