Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

I will post only my losing trade.

First bounce off 35/50 EMA's, TP would be the RN.

Maybe the problem was the flat MA's... or just bad luck...

Otherwis it was a good day, this was my only losing trade so I do not worry just want to know what was the problem with it, bad entry or simple losing trade.


Here is:
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 38 KB
Just dropping in to say hi. It seems everybody is doing well, keep it up.
This is my losing trade.

Cable didn't love me again

Touch trade, according to the rules: two bar rule, steep 70° EMA10

Here is:
Attached Image (click to enlarge)
Click to Enlarge Name: 19.png Size: 39 KB
Finally could trade again today. All my trades I took after a closed M5 candle and only if the M15 has a nice trend.

+15
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06EURJPY.PNG Size: 92 KB


+7, closed it because of the MP
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06GBPUSD.PNG Size: 101 KB


+15
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06AUDJPY.PNG Size: 97 KB


And my loser, should have waited for a closed confirmation candle on the M5
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06GBPNZD.PNG Size: 106 KB
Last one today, DP bounce and M5 bounce of 35/50

Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06EURAUD.PNG Size: 79 KB
M5, bounce of 10 and MP, CAD extremly strong across the pairs, easy 10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-06USDCAD.PNG Size: 47 KB
Quoting Bigindoda
This is my losing trade. Cable didn't love me again Touch trade, according to the rules: two bar rule, steep 70° EMA10 Here is: {image}
70 degrees is relative steepness. unless you use fixed scale for your charts, 70 degrees could be a lot less in flat markets. not saying that this was steep or it wasnt. just a general point.
secondly, there is no sign of reversal - just two strong bearish candles.
lastly, what other supporting factor did you use to initiate your trade other than ema 10 to make this AAA trade(RN? pivot?)? just something to consider
Quoting GodFire
Finally could trade again today. All my trades I took after a closed M5 candle and only if the M15 has a nice trend. +15 {image} +7, closed it because of the MP {image} +15 {image} And my loser, should have waited for a closed confirmation candle on the M5 {image}
well done! you seem to be nailing it!
trade 1 gbp/usd: I saw a 1 bar retracement to the 50 ema, the 5 and 10 ema where paralel but turned downwards (is this a no no), so I jumped without hesitation. My trailing stop took me out at +11, I got a lot of work with my exits. Oh especially on my entries.. Aand everything else

trade 2 eur/jpy: 35 sma and 50 ema kind of moving sideways and the previous bar pierced through the 50 ema, and this worried me a bit. As I see it now it has a long down wick, which might mean strong upward pressure, but at the time taking the trade I wasn't thinking this. At the time I saw a 1 bar retracement to the 50ema, and 1 look at the D1 screamed at me: I'm trying to bump the D1 35sma/50ema 130.05, so took it and TP below that ema. +20

trade 3 gbp/usd: 1 bar touch retracement of the 10ema, I saw a lot of potential going up to D1 35sma, but again ruined it with my trailing stop. Anyone see a pattern +19

Also was thinking about shorting eur/jpy at the D1 35/50 confluence for a quick 10 pips, but this would be counter trend right?

Wish you green pips
Love you all <3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 350 KB
Click to Enlarge Name: Screenshot2.png Size: 346 KB
Oh, now I see that somehow my question (for me the most important part) was left out of the post, It appeared as I was bragging, but the original motive for my post: I would be happy to hear your opinion, do you see some solid reasoning behind my trades, or I just got lucky? Should I have done something better, different, skipped something?
Shoot away, don't hold anything back, I don't get offended easy, I'm here to learn

<3
Quoting zuioio
Oh, now I see that somehow my question (for me the most important part) was left out of the post, It appeared as I was bragging, but the original motive for my post: I would be happy to hear your opinion, do you see some solid reasoning behind my trades, or I just got lucky? Should I have done something better, different, skipped something? Shoot away, don't hold anything back, I don't get offended easy, I'm here to learn <3

"Also was thinking about shorting eur/jpy at the D1 35/50 confluence for a quick 10 pips, but this would be counter trend right?"

Excellent idea, just the 10 aren t enough.

higher timeframes need a bit longer -- and sometimes you wait - a day, or two until you see a clear reaction.

A tp of 10 and"quick" isn t the correct expertation.. . and nope-- all your terades were fine-- good luck--

Guido
Risiko birgt immer auch die Chance.
Closed it a bit early +8
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-07AUDCHF.PNG Size: 89 KB



+12
Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-07GBPJPY.PNG Size: 101 KB
Quoting Sesamstrasse
{quote} " the 10 aren t enough. higher timeframes need a bit longer -- and sometimes you wait - a day, or two until you see a clear reaction.
Thanks Guido, means a lot coming from you.

I wanted to blab out perhaps tp to 15m 35sma/50ema which are together atm (which again probably not enough, but I lack knowledge, this is where you come in Guido ), or if not stretching it too far tp D1 10ema currently 128.70? Some 3rd wiser option? Now I'm confused with the 1-2 day so the effect kicks in thing. I guess I'm thinking "small", and with this small thinking mentality, looking to put sl just 10 pips behind 130.12. Could you say where would you put the SL with this short trade?

<3
Quoting zuioio
{quote} Thanks Guido, means a lot coming from you. I wanted to blab out perhaps tp to 15m 35sma/50ema which are together atm (which again probably not enough, but I lack knowledge, this is where you come in Guido ), or if not stretching it too far tp D1 10ema currently 128.70? Some 3rd wiser option? Now I'm confused with the 1-2 day so the effect kicks in thing. I guess I'm thinking "small", and with this small thinking mentality, looking to put sl just 10 pips behind 130.12. Could you say where would you put the SL with this short trade?...
IMO Dance/Choros is the best intraday "system" during market opening times.
and i really like it for timeframes below h4.....

Above-- d1, weekly-- montly??
No idea for a sl--

But a TP of 40 to 50 pips is that waht iŽd expect, what means a SL about the same size..

But really where, when, how.... no idea.

Just watch it and see how it reracts-- no need to trade everything!
Have always a plan for entry and exit.. if you don t have one, just sit and watch.
hope that helped

Sry.. busy these days..

Guido
Risiko birgt immer auch die Chance.
Quoting Sesamstrasse
{quote} Just watch it and see how it reracts-- no need to trade everything! hope that helped Sry.. busy these days.. Guido
Yes it helps, thank you Guido, for your time, honesty, and sharing your experience, I really appreciate it. Sorry for asking so many questions.

<3
And last one for today +10. I really need to wait for a better entry. It almost hit my stoploss on this trade and on a trade this morning.

Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-07EURUSD.PNG Size: 51 KB
Quoting GodFire
And last one for today +10. I really need to wait for a better entry. It almost hit my stoploss on this trade and on a trade this morning. {image}
In my opinion there is a trade-off here:
Option 1: you take the trade blindly as soon as it hits the right area (EMA 10 or 35/50) with a small stoploss
Option 2: you wait until the market "shows its hand" (Clay's words) with a bigger stoploss

I usually prefer Option 2.....
  • Post #13,718
  • Quote
  • Edited Jun 8, 2018 2:41am Jun 7, 2018 9:43am | Edited Jun 8, 2018 2:41am
Quoting zuioio
{quote} Yes it helps, thank you Guido, for your time, honesty, and sharing your experience, I really appreciate it. Sorry for asking so many questions. <3
No problem, I wouldn t answer if I hat Zero time.

Quoting Sesamstrasse
{quote} IMO Dance/Choros is the best intraday "system" during market opening times. and i really like it for timeframes below h4..... Above-- d1, weekly-- montly?? No idea for a sl-- But a TP of 40 to 50 pips is that waht iŽd expect, what means a SL about the same size.. But really where, when, how.... no idea. Just watch it and see how it reracts-- no need to trade everything! Have always a plan for entry and exit.. if you don t have one, just sit and watch. hope that helped Sry.. busy these days.. Guido

And this is what I call a plan:
Basicly EJ d1 50 bounce (first touch)

Entry in m5 -- 2nd touch 35/50 didn t play out and showed weakness---

Ps
stopped out +7 and 13--
I expected 40+50--

I bet it runs south until tomorrow without me-- ^^
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYcDaily.png Size: 24 KB
Click to Enlarge Name: GBEbrokers-Live - [EURJPYc,M5] 2018-06-07 15.40.38.png Size: 37 KB
Risiko birgt immer auch die Chance.
Quoting kostas1
{quote} In my opinion there is a trade-off here: Option 1: you take the trade blindly as soon as it hits the right area (EMA 10 or 35/50) with a small stoploss Option 2: you wait until the market "shows its hand" (Clay's words) with a bigger stoploss I usually prefer Option 2.....
Yeah i prefer option 2 also, but in this case, I could have entered one candle earlier and it would have been a textbook trade
JPY was strong all the morning, so I waited for a retrace to enter. On both trades I set a TP of 20, but both only went to 18. Closed both at +10.

Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-08GBPJPY.PNG Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 18-06-08EURJPY.PNG Size: 43 KB
0 traders viewing now