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CHOROS System

  • #13,161
  • Jun 27, 2017 6:17am Jun 27, 2017 6:17am
another good one
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On my way to financial independence - if others can do it - I can do it
  • #13,162
  • Jun 28, 2017 7:53am Jun 28, 2017 7:53am
Hi everyone,

We all know that trading during news times is not always a good idea. Definitely, trading 5M or 15M at news times is suicide.

Nevertheless H4 or D1 perfect Choros Setups at news times works pretty well. Not big lots to be cautious.

Take a look at this one. High Impact news at that precise moment.

It was a H4 10EMA in confluence with H1 35/50, RN at 1.1300 and Daily Pivot at 1.1288. It was also the High from 2017.06.14 at 1.1295 that now became support.

Price went to that point very fast so I pulled the trigger at the touch of the H4 10EMA projection. It went 15 pips against me and then went my way to my +21 pips target.

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Happy trading everyone.
  • #13,163
  • Jun 28, 2017 9:31am Jun 28, 2017 9:31am
Quoting Haydel
Hi everyone, We all know that trading during news times is not always a good idea. Definitely, trading 5M or 15M at news times is suicide. Nevertheless H4 or D1 perfect Choros Setups at news times works pretty well. Not big lots to be cautious. Take a look at this one. High Impact news at that precise moment. It was a H4 10EMA in confluence with H1 35/50, RN at 1.1300 and Daily Pivot at 1.1288. It was also the High from 2017.06.14 at 1.1295 that now became support. Price went to that point very fast so I pulled the trigger at the touch of the H4...
Gotta love Haydel's projected MAs !!
  • #13,164
  • Jun 29, 2017 5:48am Jun 29, 2017 5:48am
Hi
After a six months of learning different systems I have settled on the dance strategy and am working on a demo account with a view to putting in a small amount of starting cash once I feel confident.

My biggest issue with they system is having to wait for the bounces of the MA's, I have a day job which prevents me from staring at the screen all day.

Just a thought has anyone developed an EA that can be activated on a pair to give a BUY/SELL signal on the bounce off the MA. the idea would be to activate it when you see a retrace starting, you would have to be able to set lot size and select the MA's. I am using THV cavemanager to manage the trades as it has a function to trail the candles.

I have tried an EA call LineTrader but it activates on crossing a trend line and is a bit hit and miss.

I have also changed the candles to HA they give me a better picture of where things are going, anyone else using HA candles?

Getting into the trades is the problem, I keep missing the good moves!
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  • #13,165
  • Jun 29, 2017 5:53am Jun 29, 2017 5:53am
Quoting money123456
Hi After a six months of learning different systems I have settled on the dance strategy and am working on a demo account with a view to putting in a small amount of starting cash once I feel confident. My biggest issue with they system is having to wait for the bounces of the MA's, I have a day job which prevents me from staring at the screen all day. Just a thought has anyone developed an EA that can be activated on a pair to give a BUY/SELL signal on the bounce off the MA. the idea would be to activate it when you see a retrace starting, you...
Hi,

There is a big discretionary element to trading this system that I wouldn't trust it to sn EA (too many variables). I love this system but if you can't spend much time on the charts I'd suggest more supply and demand trading plus price action on the 4hr chart.
  • #13,166
  • Jun 29, 2017 6:19am Jun 29, 2017 6:19am
oztrader79

thanks for the reply, I agree this system has quite a few rules and a certain degree of discretion so a full blown EA would not work.

But once you are in a nice trend and everything looks like a possible trade is forming and a retrace is in progress, then surely a trigger EA would be a benefit to stop missing the perfect entry on the bounce off the MA. Otherwise in a 15 chart may have to wait an hour or so for the bounce.
  • #13,167
  • Jun 29, 2017 7:03am Jun 29, 2017 7:03am
Quoting money123456
oztrader79 thanks for the reply, I agree this system has quite a few rules and a certain degree of discretion so a full blown EA would not work. But once you are in a nice trend and everything looks like a possible trade is forming and a retrace is in progress, then surely a trigger EA would be a benefit to stop missing the perfect entry on the bounce off the MA. Otherwise in a 15 chart may have to wait an hour or so for the bounce.
During the long history of this thread, people from this and other threads have made EAs, but the brain is still superior...
On the other hand, some tools maybe useful (look for example at Haydel's work).
  • #13,168
  • Jun 29, 2017 7:22am Jun 29, 2017 7:22am
Quoting Haydel
Hi everyone, We all know that trading during news times is not always a good idea. Definitely, trading 5M or 15M at news times is suicide. Nevertheless H4 or D1 perfect Choros Setups at news times works pretty well. Not big lots to be cautious. Take a look at this one. High Impact news at that precise moment. It was a H4 10EMA in confluence with H1 35/50, RN at 1.1300 and Daily Pivot at 1.1288. It was also the High from 2017.06.14 at 1.1295 that now became support. Price went to that point very fast so I pulled the trigger at the touch of the H4...
Haydel! how did you project the MAs? i couldnt find an indi so far...its a great help for Choros-traders

money123456: if you do not have the time then use h4 or daily like other suggested. by the way they are less noisy there, but you need larger stops&targets of course...
trading is like dancing, don't think and just listen to the music!
  • #13,169
  • Jun 29, 2017 11:44am Jun 29, 2017 11:44am
A scoop-down for my friend Eur Usd:
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  • #13,170
  • Jun 29, 2017 6:45pm Jun 29, 2017 6:45pm
Quoting kostas1
A scoop-down for my friend Eur Usd: {image}
Thank you. These are tricky but will keep trying with them. I feel like I do get better and worse, over and over again. 4 years with this method, I should be already financially independent ;-) Have a nice weekend guys
On my way to financial independence - if others can do it - I can do it
  • #13,171
  • Edited 10:47am Jun 30, 2017 9:48am | Edited 10:47am
.. came out +21 in cable..
Have a nice weekend@ all

Guido
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Risiko birgt immer auch die Chance.
  • #13,172
  • Jun 30, 2017 7:32pm Jun 30, 2017 7:32pm
Quoting kostas1
A scoop-down for my friend Eur Usd: {image}
Hi Kostas, nice trade. May I ask which pivot indicator you use please Sir?
  • #13,173
  • Jul 2, 2017 4:42am Jul 2, 2017 4:42am
Quoting Sesamstrasse
.. came out +21 in cable.. Have a nice weekend@ all Guido {image}

Thanks for posting this, it's got me thinking about entering some entries after the candle has closed and getting in. Usually I have tried to get in exactly at the touch and am disappointed often by orders that are missed by less than a pip (usually within the spread). Perhaps, I should watch the close of the candle and get in....
  • #13,174
  • Jul 2, 2017 4:50am Jul 2, 2017 4:50am
Quoting Renevatio
{quote} Hi Kostas, nice trade. May I ask which pivot indicator you use please Sir?
It's on Page 9 Autopivotindicator_ver5
  • #13,175
  • Jul 3, 2017 3:03am Jul 3, 2017 3:03am
Price constrainment at 10 ema on 15m and 1h - 20 pips at 1% profit
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On my way to financial independence - if others can do it - I can do it
  • #13,176
  • Jul 3, 2017 5:49am Jul 3, 2017 5:49am
another hood one, another 20 pips
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On my way to financial independence - if others can do it - I can do it
  • #13,177
  • Jul 3, 2017 5:53am Jul 3, 2017 5:53am
also had bad trade, at red circle about 1.30 (I forgot about news) I thought price will go up, but went down. at the moment I am in short position
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On my way to financial independence - if others can do it - I can do it
  • #13,178
  • Jul 4, 2017 3:45am Jul 4, 2017 3:45am
Confluence of H1 10, M15 35/50, DP, RN.
I closed manually for almost +20 due to the presence of H4 10 there acting as resistance....
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  • #13,179
  • Jul 4, 2017 1:12pm Jul 4, 2017 1:12pm
Quoting kostas1
Confluence of H1 10, M15 35/50, DP, RN. I closed manually for almost +20 due to the presence of H4 10 there acting as resistance.... {image}
You make money look so easy

Thanks for posting!

  • #13,180
  • Jul 4, 2017 1:36pm Jul 4, 2017 1:36pm
Quoting tonny47
{quote} You make money look so easy Thanks for posting!
The most difficult is waiting for it to become easy... Then it looks easy....
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