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CHOROS System

  • #13,381
  • Dec 20, 2017 6:39am Dec 20, 2017 6:39am
I wanted to let everybody know that Clay Passed away a couple of months ago. He was a good man. Keep his family in your thoughts and prayers.
  • #13,382
  • Dec 20, 2017 6:57am Dec 20, 2017 6:57am
Quoting endroute
I wanted to let everybody know that Clay Passed away a couple of months ago. He was a good man. Keep his family in your thoughts and prayers.
This post made me both happy and sad.
Happy because I first saw a post from best friend Endroute.
Sad because of the content.
Rest In Piece Clay, your legend lives with us. Without your help & contributions I would be in a completely different place....
My condolences and prayers will be with his family.

EDIT:
Here is a personal email advice I got from him, a few years ago that I want to share with you in his honor:
"MAKE IT YOURS, and keep it clean and simple and MAKE IT YOURS. The market is constantly changing and traders must adapt and do the same. THE TRADER is the "holy grail" NOT the strategy or the chart setup."
  • #13,383
  • Dec 20, 2017 7:11am Dec 20, 2017 7:11am
Quoting endroute
I wanted to let everybody know that Clay Passed away a couple of months ago. He was a good man. Keep his family in your thoughts and prayers.
I've been studying the PDF and setting up everything, currently I'm still studying the old thread and I wanted to post here after that, but this made me change opinion, so I registered only to say THANKS Clay for everything you have done, may you rest in peace.
I will try my best to honor your legacy when I'm ready.
"THE TRADER is the 'holy grail' NOT the strategy or the chart setup."
  • #13,384
  • Edited 8:49am Dec 20, 2017 7:29am | Edited 8:49am
Thank you Endroute.

I can t find the right words for it.
Makes me really sad.

His articles and the knowledge he shared in"the dance"were and still are my "how to read the market".

Rest in Peace Eclayf, god bless you.


Guido
Risiko birgt immer auch die Chance.
  • #13,385
  • Dec 20, 2017 8:17am Dec 20, 2017 8:17am
Sad...
  • #13,386
  • Dec 20, 2017 8:25am Dec 20, 2017 8:25am
I've been studying the dance/choros for the last few weeks and I'm really grateful for the knowledge that clay has shared with everyone.
sad to hear that he has passed, may he rest in peace and god bless him and his family...
  • #13,387
  • Dec 21, 2017 7:30am Dec 21, 2017 7:30am
Quoting kostas1
{quote} This post made me both happy and sad. Happy because I first saw a post from best friend Endroute. Sad because of the content. Rest In Piece Clay, your legend lives with us. Without your help & contributions I would be in a completely different place.... My condolences and prayers will be with his family. EDIT: Here is a personal email advice I got from him, a few years ago that I want to share with you in his honor: "MAKE IT YOURS, and keep it clean and simple and MAKE IT YOURS. The market is constantly changing and traders must...
Hi Kostas and crew, I am so glad that you guys are keeping this thread going and that you are prospering and still helping others learn and grow as traders. Kostas, I think the email you shared is one of they keys to the whole thing, MAKE IT YOURS. Its about figuring out a way, that makes sense to the trader to look at the market, and then its up to the trader to develop the patience, discipline, and risk management skills to survive and prosper. Its certainly not easy, but Kostas you are a shinning example that its possible, you took Clay's dance method and made it yours and you kept at it and you made it.

Merry Christmas to everybody.
  • #13,388
  • Dec 26, 2017 6:20pm Dec 26, 2017 6:20pm
Hi guys,

really sad.I am a early Dance member. Dance method is the only method I managed to stick with and be profitable( even on demo) until the final episode made clay to leave ff.it really broke my hopes , After that I lost in the forex wold.still couldnt find something i could hang on to.occationally i come to ff to see whats going on. Again yesterday when i was reading starts thread that reminded me the Dance.so i came here just know clay was no more.very sad.but thats the life.hope he rest in peace...and my wellwishes goes to his familly. Well done here kostas and the others..keep it going..

Suranga
  • #13,389
  • Jan 3, 2018 2:32pm Jan 3, 2018 2:32pm
Hello!

Rest in peace eclayf, god bless you.

I started to learn The Dance / CHOROS. I took this trade today, Sesamstrasse or other veteran trader could you tell me it was a correct one or not.

The trade was taken on M15, First EMA10 touch, exit at RN, with 18pip profit, BUT as you can see the higher tf's H1 and H4 shows an uptrend. On H4 was an EMA10 touch also, I know it was the 3rd but these tf's shows uptrend and on M15 the trend changed and i took the first EMA10 touch by the rules (steep EMA's).

My question is, This trade was correct or not?

Attached Image (click to enlarge)
Click to Enlarge Name: GU3 M15.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU3 H4.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU3 H1.png Size: 29 KB


Thank you!
  • #13,390
  • Edited Jan 4, 2018 12:40am Jan 3, 2018 2:48pm | Edited Jan 4, 2018 12:40am
Quoting Bigindoda
Hello! Rest in peace eclayf, god bless you. I started to learn The Dance / CHOROS. I took this trade today, Sesamstrasse or other veteran trader could you tell me it was a correct one or not. The trade was taken on M15, First EMA10 touch, exit at RN, with 18pip profit, BUT as you can see the higher tf's H1 and H4 shows an uptrend. On H4 was an EMA10 touch also, I know it was the 3rd but these tf's shows uptrend and on M15 the trend changed and i took the first EMA10 touch by the rules (steep EMA's). My question is, This trade was...
Happy new year to everyone.
Hi Bigindoda.
Welcome and yes.. all basicly correct.
Just a bit finetuning.
When35 and 50 ma are very seperated I d be careful.
The cable entry m15 is honey for my eyes.

Thought about to enter the h4 .. because I was on my puter today and chased some pips.
But decided to Dax

http://www.forexfactory.com/showthre...8#post10636758

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,391
  • Jan 4, 2018 5:42am Jan 4, 2018 5:42am
Quoting Sesamstrasse
{quote} Happy new year to everyone. Hi Bigindoda. Welcome and yes.. all basicly correct. Just a bit finetuning. When35 and 50 ma are very seperated I d be careful. The cable entry m15 is honey for my eyes. Thought about to enter the h4 .. because I was on my puter today and chased some pips. But decided to Dax http://www.forexfactory.com/showthre...8#post10636758 Stay tuned Guido
Here is a case that I was watching yesterday that underscores what Sesamstrasse is saying:
First bounce from M15 35/50, but two problems with a short trade here:
1. The 35 starts separating from 50 and most importantly,
2. It is bouncing from H4 35/50 upwards
So you shouldn't try a short since the highest TF is more powerful which is why eventually it was a good long trade bouncing from H4 35/50 confluenced with WP and Daily EMA10.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 130 KB
  • #13,392
  • Edited 10:13am Jan 4, 2018 7:40am | Edited 10:13am
Thank you Sesamstrasse and Kostas!

Here is a same problem with a short trade, right? First 35sma touch but too separated the two ma's plus don't steep already.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-trading-point-of.png Size: 38 KB



I took this trade at the moment 35 and 50ma bounce (ADP Non-Farm Employment Change news) TP is the purple line. Valid entry?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-trading-point-of-2.png Size: 32 KB


EDITED 13 pip profit after bounce from 35/50 and DP

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 35 KB
  • #13,393
  • Jan 4, 2018 8:11am Jan 4, 2018 8:11am
This first EMA10 touch went south, this happened 30 mins before red USD news.

What about these types of trades? Should i ignore these entries or it was just bad luck?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-trading-point-of-3.png Size: 32 KB
  • #13,394
  • Jan 4, 2018 11:22am Jan 4, 2018 11:22am
Quoting Bigindoda
This first EMA10 touch went south, this happened 30 mins before red USD news. What about these types of trades? Should i ignore these entries or it was just bad luck? {image}
What about these types of trades?
Look what happened.

Only a demo or a simulator can show you what works for you and what not.
Kostas is our m5 magician.. he smells a BO before the marketmakers had their first coffee.


I prefer M15 to H1.
Up to you, the strategy gives you enough space to make it working for you.
Training will make it.
Patience is the key.

I just can say first touches are the most safe touches.

Goos luck
Guido
Risiko birgt immer auch die Chance.
  • #13,395
  • Jan 4, 2018 11:33am Jan 4, 2018 11:33am
Quoting Bigindoda
Thank you Sesamstrasse and Kostas! Here is a same problem with a short trade, right? First 35sma touch but too separated the two ma's plus don't steep already. {image} I took this trade at the moment 35 and 50ma bounce (ADP Non-Farm Employment Change news) TP is the purple line. Valid entry? {image} EDITED 13 pip profit after bounce from 35/50 and DP {image}
-- Flat MA´s = not the conditions for a touch trade.
--the market was flat--
--closed--

One of the rules in the manual is :
Make sure minimum one market of the pair is open.
-Basics-
Risiko birgt immer auch die Chance.
  • #13,396
  • Jan 4, 2018 2:34pm Jan 4, 2018 2:34pm
Quoting Sesamstrasse
{quote} What about these types of trades? Look what happened. Only a demo or a simulator can show you what works for you and what not. Kostas is our m5 magician.. he smells a BO before the marketmakers had their first coffee. I prefer M15 to H1. Up to you, the strategy gives you enough space to make it working for you. Training will make it. Patience is the key. I just can say first touches are the most safe touches. Goos luck Guido
Thank you for your fast reply! I mean these types of trades 30 min before red USD news. So this first touch happened before news. Is it problem (the news) or not and this trade was correct in this situation?
  • #13,397
  • Jan 4, 2018 3:04pm Jan 4, 2018 3:04pm
Quoting Bigindoda
{quote} Thank you for your fast reply! I mean these types of trades 30 min before red USD news. So this first touch happened before news. Is it problem (the news) or not and this trade was correct in this situation?
Personal decision..
The rules say 30. Min before and after
High impact news no trade.
In intraday timeframes I can recomment to follow.
Higher tf s like dailies and up aren t that sensitive.

I d decide a bit logical.
Do you expect your target gets hit until the news release or not??
.. keep it simple and try to figure out AAA entries.
Picky trading pays out.
Risiko birgt immer auch die Chance.
  • #13,398
  • Jan 8, 2018 9:00am Jan 8, 2018 9:00am
Hello

I took this trade. Hit my SL. My entry was a constrainment at 35 and 50 ma's, I got my signal with this bearish engulfing candle and went short.
What do you think about my constrainment entry?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-trading-point-of 1.png Size: 34 KB


Thank You
  • #13,399
  • Jan 8, 2018 2:20pm Jan 8, 2018 2:20pm
I caught this 2 bar retrace touch trade on H1, confirmation is the Daily Pivot and 10EMA/20EMA/35SMA

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-trading-point-of-2.png Size: 49 KB
  • #13,400
  • Jan 8, 2018 4:18pm Jan 8, 2018 4:18pm
Quoting Bigindoda
I caught this 2 bar retrace touch trade on H1, confirmation is the Daily Pivot and 10EMA/20EMA/35SMA {image}
Two issues with that:
1. Too late in the day to trade (I very rarely trade after 17:00 GMT and only if there is movement)
2. The 35/50 lines are flat, you need them to point up for long or down for short
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