CHOROS System | Page 664 | Forex Factory

Options

Go to
Permalinks
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

  • #13,261
  • Aug 4, 2017 4:08pm Aug 4, 2017 4:08pm
Quoting Haydel
{quote} Choros is basically a scalping system. When you see a perfect Choros setup and you enter targeting for 10 pips, you will be profitable almost all of the time. When I trade the M15 10EMA touch I usually target for 10 pips, when trading the H1 10EMA I target for around 15 pips, when trading the H4 10EMA or the D1 10EMA I target for 20 to 30 pips. So in that trade I was targeting for around 15 pips, and as you can see, form the entry point to the pivot line there is around 15 pips, so I was ready to manually close the trade to get my 15 pips,...
I've been leaning toward trading on the shorter time-frames and I'm experimenting with the 1 minute and the 5 minute right now. I could simply lack the nuanced understanding of Dancing, but what I've found is that on any given day the M15 only has 0-5 good setups. However, when the setups do arrive there is little drawdown and a boatload of pips (which I unfortunately haven't been able to take advantage of yet). Another challenge with the M15 is that often times there are breakouts with no clear entries and that results in a missed entry or a risky entry.

Here is a one minute chart on the EURUSD analyzing the breakout that just occurred. There are clear setups that were not visible on the higher timeframes and the setups gave mad gains with comparatively little drawdown. Obviously hindsight 20/20, but man do these setups look so beautiful.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #13,262
  • Aug 5, 2017 3:10am Aug 5, 2017 3:10am
Quoting Tremulous
{quote} I've been leaning toward trading on the shorter time-frames and I'm experimenting with the 1 minute and the 5 minute right now. I could simply lack the nuanced understanding of Dancing, but what I've found is that on any given day the M15 only has 0-5 good setups. However, when the setups do arrive there is little drawdown and a boatload of pips (which I unfortunately haven't been able to take advantage of yet). Another challenge with the M15 is that often times there are breakouts with no clear entries and that results in a missed entry...
My advice :M1 forget it, M5 play with it when you get more experience and when higher TFs are flat, M15 still the best to use especially with quickly grabbing profits (10-15pips/trade), H1 and higher are great but takes patience to wait for trades.....
  • #13,263
  • Aug 8, 2017 6:16am Aug 8, 2017 6:16am
some constrainments..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYcH1 8.8..png Size: 29 KB
Click to Enlarge Name: EURJPYcH1 8.8..png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #13,264
  • Aug 9, 2017 4:59am Aug 9, 2017 4:59am
Just looking for some confirmation, I have had Clay's original dance outline for a very long time, and have found that it may fit my FDAX work, is the current thinking still M1 14 EMA, 35 SMA, 50 EMA & 200 EMA , any help appreciated.
  • #13,265
  • Edited 7:11am Aug 9, 2017 7:00am | Edited 7:11am
Quoting bluemaster
Just looking for some confirmation, I have had Clay's original dance outline for a very long time, and have found that it may fit my FDAX work, is the current thinking still M1 14 EMA, 35 SMA, 50 EMA & 200 EMA , any help appreciated.
Hmmh.. yes, I can see the reaction in m1 a 50/200 Ema..sometimes...
But: Why change a running system?


Neccessary informations about M1 are here:
https://www.forexfactory.com/showthr...5#post10158825

stay tuned

Guido
Risiko birgt immer auch die Chance.
  • #13,266
  • Aug 11, 2017 7:45am Aug 11, 2017 7:45am
Wanted 20 but got 6

Stopped out +6. on the 50 bounce EJ h1.

A nice weekend@ all

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcH1 11.8..png Size: 36 KB
Risiko birgt immer auch die Chance.
  • #13,267
  • Edited 12:44pm Aug 19, 2017 12:02pm | Edited 12:44pm
Has anyone thought about using fibonacci numbers as the 3 moving averages?

so :

13
34
55

Would be interesting to hear nay views on this.

Can I also confirm the MAs used for 5 min and 1 min chart are 12 ema 23 sma and 50 ema? Also why is it different than higher timeframes averages that we use?


Cheers...
  • #13,268
  • Aug 22, 2017 5:55am Aug 22, 2017 5:55am
I just want to ask is this valid signal ( pink arrow) ?
Is there any valid signal in this chart ?
Any comment appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 33 KB
  • #13,269
  • Edited 10:31am Aug 22, 2017 7:14am | Edited 10:31am
Quoting atp
I just want to ask is this valid signal ( pink arrow) ? Is there any valid signal in this chart ? Any comment appreciated! {image}

Hi ATP.
Yes, the first arrow is a valid and good signal.
The second arrow isn t. (When the 10 Ema is between the 35 Sma and 50 Ema, we call it MA-soup)
- no clear entry you better stay out and watch for the next valid entry.
The lines (MA´s) just help to read the priceaction.

Hope that helped

Guido
Risiko birgt immer auch die Chance.
  • #13,270
  • Aug 23, 2017 12:50am Aug 23, 2017 12:50am
Guido,
Thanks for that explanation about MA-soup, has anyone written up this and any other things to watch out for ?, I dont recall Clay's original notes mentioning this type of subtlety .
Are there any traders using this on DAX ?
Tim
  • #13,271
  • Aug 23, 2017 2:15am Aug 23, 2017 2:15am
Quoting bluemaster
Guido, Thanks for that explanation about MA-soup, has anyone written up this and any other things to watch out for ?, I dont recall Clay's original notes mentioning this type of subtlety . Are there any traders using this on DAX ? Tim
Good morning bluem.
Yes.
and Yes.

https://www.forexfactory.com/showthr...59#post8503859
https://www.forexfactory.com/showthr...90#post8404790
https://www.forexfactory.com/showthr...24#post8414724
https://www.forexfactory.com/showthr...64#post8433864
https://www.forexfactory.com/showthr...82#post8461582

https://www.forexfactory.com/showthr...13#post8380913

There´s only one good advice:
Read the thread.
All the asked qestions.. also "Just looking for some confirmation, I have had Clay's original dance outline for a very long time, and have found that it may fit my FDAX work, is the current thinking still M1 14 EMA, 35 SMA, 50 EMA & 200 EMA , any help appreciated"

..... is answered in the thread a couple of times.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,272
  • Aug 23, 2017 2:36am Aug 23, 2017 2:36am
Thanks, much appreciated.
  • #13,273
  • Aug 29, 2017 8:22am Aug 29, 2017 8:22am
This is a constrainments?
Gentlemen!
Attached Image (click to enlarge)
Click to Enlarge Name: 微信图片_20170829212005.png Size: 37 KB
  • #13,274
  • Edited Aug 30, 2017 3:03am Aug 29, 2017 8:38am | Edited Aug 30, 2017 3:03am
Quoting elvalove10
This is a constrainments? Gentlemen! {image}
yes, it was a constrainment...typical are a couple of wicks around the MAs like your example around 87.07
trading is like dancing, don't think and just listen to the music!
  • #13,275
  • Aug 29, 2017 8:58am Aug 29, 2017 8:58am
Quoting birdland
{quote} yes, it was a constrainment...typical are a couple of wiggs around the MAs like your example around 87.07
Thank you!
  • #13,276
  • Aug 31, 2017 4:07am Aug 31, 2017 4:07am
13 pips within 2-3 minutes
EJ M5, higher tf´s confirmed..
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcM5 13 pips 31.8..png Size: 30 KB
Risiko birgt immer auch die Chance.
  • #13,277
  • Aug 31, 2017 8:26am Aug 31, 2017 8:26am
Quoting Sesamstrasse
13 pips within 2-3 minutes EJ M5, higher tf´s confirmed.. {image}
+28 EA constrainment M5+M15 =41 pips ..

Finally a really profitable day, week and month.. Year looks good but not finnished.

Stay tuned
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDcM5 31.8..png Size: 33 KB
Click to Enlarge Name: EURAUDcM15.png Size: 42 KB
Risiko birgt immer auch die Chance.
  • #13,278
  • Sep 1, 2017 12:32am Sep 1, 2017 12:32am
Quoting Sesamstrasse
{quote} Stay tuned Guido {image} {image}
OK then, I will....
Attached Image
  • #13,279
  • Sep 1, 2017 7:40am Sep 1, 2017 7:40am
Quoting kostas1
{quote} OK then, I will.... {image}
I´d prefer the view to Athos and the sea from my friends house and watch the dolphins in the morning......
But that´s not profitable..


So.. better this:
Small portion DAX scoop down .. 18 pips. .. basic view was m15 50 Ema with empty space.

Stay tuned

Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER_30M5 NFP scoop down.png Size: 27 KB
Click to Enlarge Name: GER_30M15 nfp.png Size: 31 KB
Risiko birgt immer auch die Chance.
  • #13,280
  • Sep 1, 2017 1:02pm Sep 1, 2017 1:02pm
Quoting Haydel
Possible LONG: GBPUSD very steep M15 10EMA in confluence with RN at 1.2950 and Daily R1 at 1.2957.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2017-09-01.png Size: 26 KB
18 traders viewing now