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CHOROS System

  • #13,421
  • Jan 17, 2018 8:09am Jan 17, 2018 8:09am
+19 cable m15.

I have this pair in my Top Down analyses, what I do every weekend.
For me itīs clear long.

Price constrained a bit on 10 ema -- good for shoot TP a bit below daily high.


Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #13,422
  • Jan 18, 2018 3:11am Jan 18, 2018 3:11am
took this on the min 5 chart usd/chf

exited on round number
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  • #13,423
  • Jan 19, 2018 10:43am Jan 19, 2018 10:43am
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Hey guys, I'm new here. Have been studying the rules and the various documents, and have come across one that I'm not sure of. In the above screenshot posted in one of Clay's original documents, how come the H1 35 touch trade wouldn't have been traded as a 50 touch trade? Is this just the joy of hindsight trading, or should we not have taken it for some reason?

I know the H1 35 coincides with a RN, but the 50 would have probably lined up with the S/R level I've drawn on.

Any advice would be much appreciated.
Will code in MT5 for free.. EAs only, can't be f*cked with Indicators
  • #13,424
  • Jan 21, 2018 10:17am Jan 21, 2018 10:17am
[quote=Penguinthief;10690625]{image} Hey guys, I'm new here. Have been studying the rules and the various documents, and have come across one that I'm not sure of. In the above screenshot posted in one of Clay's original documents, how come the H1 35 touch trade wouldn't have been traded as a 50 touch trade? Is this just the joy of hindsight trading, or should we not have taken it for some reason? I know the H1 35 coincides with a RN, but the 50 would have probably lined up with the S/R level I've drawn on. Any advice would be much appreciated.[/quote]

Hi Penguinthief.(great nick by the way)
welcome here..

Let me answer the question:
You never know how deep price retraces or turns against you.
The 35Sma was first reached MA.

Dancing is discretionary, it gives you enough space to breath.
Keep it simple and do exactly what Kostas writes always when newbies come around and ask for "how to start".

Keep it simple, all written over and over.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,425
  • Jan 25, 2018 3:43am Jan 25, 2018 3:43am
Hello guys, was this a valid dance trade took long on the retrace after the clear break
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  • #13,426
  • Jan 25, 2018 11:01am Jan 25, 2018 11:01am
Quoting amedeo
Hello guys, was this a valid dance trade took long on the retrace after the clear break {image}
Yes, and not a bad none!

A scoop up.

1-2 trades like this a week and youīre done.
Risiko birgt immer auch die Chance.
  • #13,427
  • Jan 26, 2018 10:10am Jan 26, 2018 10:10am
Quoting amedeo
Hello guys, was this a valid dance trade took long on the retrace after the clear break {image}
Good execution of scoop, one of my favorites !
  • #13,428
  • Jan 26, 2018 11:04am Jan 26, 2018 11:04am
Hey guys, long time I don't post. Classic 10 MA bounce with RN confluence, I know its late, however worth a shot. +12
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thinking outside the box
  • #13,429
  • Jan 26, 2018 11:18am Jan 26, 2018 11:18am
Quoting Sesamstrasse
{image} Hey guys, I'm new here. Have been studying the rules and the various documents, and have come across one that I'm not sure of. In the above screenshot posted in one of Clay's original documents, how come the H1 35 touch trade wouldn't have been traded as a 50 touch trade? Is this just the joy of hindsight trading, or should we not have taken it for some reason? I know the H1 35 coincides with a RN, but the 50 would have probably lined up with the S/R level I've drawn on. Any advice would be much appreciated. Hi Penguinthief.(great nick by...
Sorry buddy, I may have got the colours the wrong way around. I mean why wasn't it a trade crossing the black MA, but was taken against the brown MA?
Will code in MT5 for free.. EAs only, can't be f*cked with Indicators
  • #13,430
  • Jan 27, 2018 4:07am Jan 27, 2018 4:07am
Quoting Penguinthief
{quote} Sorry buddy, I may have got the colours the wrong way around. I mean why wasn't it a trade crossing the black MA, but was taken against the brown MA?
If I understand you right you ask why trade between 35sma and 50 Ema,right?
If yes.. it s called ping pong trade.. advanced stuff..

Start wit basics and make it yours.
Thats really all I can say.


Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,431
  • Jan 27, 2018 5:19pm Jan 27, 2018 5:19pm
I stumbled upon this thread last night at first I passed it on thinking just another too many indicators non sense. But after reading survivors momentum bar trading system and seeing so many people mentioning the choros/dance I came back to the thread and started reading everything.

Well let's be honest I didn't read everything I downloaded the manuals and went straight into the signal section with chart examples, and it seemed strangely familiar ! Yes I remember trading patterns of this style back in the day 2 years ago with moderate success but I was fairly new to trading then didn't fully understand the details.

Then after confusing these patterns probably with something else as it can and usually happens for newbies I grew impatient and extremely frustrated and went looking for something else. I've been at this game 4 years total and the next 2 years spent me searching for "the method" tried everything nothing worked I still am as frustrated as I was 2 years ago I was trading better 4 years ago when I was fairly new beginners luck ? maybe but I have to admit I never settled on something I was always jumping back and forth between this indicator and that method, 1m charts to weekly charts. I was all over the place. Maybe this is part of the learning process.

But looking back I'm starting to think I may have passed on a method that would have worked beautifully "for me". And that is the choros, I'm at a point where I no longer need something new, think I've already gathered enough information there is to fx. Now its time for "settling down" and "mastering a single punch" after all I can't be master of everything I really can't maybe you can who knows.

So since I was somewhat familiar with the choros/dance and the master setup I immediately started exploring 15m charts mostly EUR and GBP crosses and I came across inverse master setup ? upside down ? remember the master setup was only for sells, well how about for buys but we reverse everything ? And also continuation setups on top of the original master setup. Anyone trading these extensions ?
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  • #13,432
  • Jan 28, 2018 1:30am Jan 28, 2018 1:30am
Quoting Piquant
I stumbled upon this thread last night at first I passed it on thinking just another too many indicators non sense. But after reading survivors momentum bar trading system and seeing so many people mentioning the choros/dance I came back to the thread and started reading everything. Well let's be honest I didn't read everything I downloaded the manuals and went straight into the signal section with chart examples, and it seemed strangely familiar ! Yes I remember trading patterns of this style back in the day 2 years ago with moderate success but...
I'm by no means an expert (still on simulator), and therefore never heard about the "master setup" because for now I have only read the original thread and pdfs (plan to start studying the Choros thread as soon as I start Demo stage), but I do know 100% Clay always said that oscilators will lie to you, hope it helps.
"THE TRADER is the 'holy grail' NOT the strategy or the chart setup."
  • #13,433
  • Jan 28, 2018 1:24pm Jan 28, 2018 1:24pm
Hello friends,

I have a question. How do you manage to trade this strategy while working? My working hours are from Frankfurt open until London close, so as I understood, you don't trace EUR or USD pairs outside this range... Also it's not easy for me to trade on work hours. What would be in your opinion the best solution? To switch to h4 and daily candles? Or to look only every hour after possible entries on m15? Thanks
  • #13,434
  • Jan 28, 2018 2:00pm Jan 28, 2018 2:00pm
Quoting Piquant
I stumbled ....................? {image} {image}
Sry, but I can see a lot of more signals, constrainments.. and thereīs a large volume coaster what was build on the constrainment
marked with red circle.

Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #13,435
  • Jan 28, 2018 2:04pm Jan 28, 2018 2:04pm
Quoting kleybenny
Hello friends, I have a question. How do you manage to trade this strategy while working? My working hours are from Frankfurt open until London close, so as I understood, you don't trace EUR or USD pairs outside this range... Also it's not easy for me to trade on work hours. What would be in your opinion the best solution? To switch to h4 and daily candles? Or to look only every hour after possible entries on m15? Thanks
-- sometimes I trade with my phone.. all timeframes..
Risiko birgt immer auch die Chance.
  • #13,436
  • Jan 28, 2018 6:29pm Jan 28, 2018 6:29pm
Quoting PedroIV
{quote} I'm by no means an expert (still on simulator), and therefore never heard about the "master setup" because for now I have only read the original thread and pdfs (plan to start studying the Choros thread as soon as I start Demo stage), but I do know 100% Clay always said that oscilators will lie to you, hope it helps.

I downloaded the manuals from the original thread by Clay from the recycle bin. Probably have misunderstood certain parts, if you need it I can attach them.
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  • #13,437
  • Jan 28, 2018 11:18pm Jan 28, 2018 11:18pm
Quoting Piquant
{quote} I downloaded the manuals from the original thread by Clay from the recycle bin. Probably have misunderstood certain parts, if you need it I can attach them. {image}
My fault Piquant, I classified it under "constrainment" on my notes and forgot Clay called it like that in that PDF! It is the strongest of the three basic trades, hope I didn't create any confusion my friend, I apologise.
"THE TRADER is the 'holy grail' NOT the strategy or the chart setup."
  • #13,438
  • Edited 11:34pm Jan 28, 2018 11:20pm | Edited 11:34pm
Quoting Piquant
{quote} I downloaded the manuals from the original thread by Clay from the recycle bin. Probably have misunderstood certain parts, if you need it I can attach them. {image}
There are simple and easy constrainments explained.
And yes, they can be very powerful.

-- just skip the 5 ema, it gives too many wrong signals, cleaner is better.
With a bit training you can spot the "3 different kinds" of trades:
1. touch/bounce ( with the trend)
2. scoop.. a break through of 35/50, (following direction of the 10 ema mostly)
3. constrainments, when market tests upper prices but candles close always below a MA (and vice versa)

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #13,439
  • Jan 28, 2018 11:38pm Jan 28, 2018 11:38pm
Quoting Sesamstrasse
{quote} There are simple and easy constrainments explained. And yes, they can be very powerful. -- just skip the 5 ema, it gives too many wrong signals, cleaner is better. With a bit training you can spot the "3 different kinds" of trades: 1. touch/bounce ( with the trend) 2. scoop.. a break through of 35/50, (following direction of the 10 ema mostly) 3. constrainments, when market tests upper prices but candles close always below a MA (and vice versa) stay tuned Guido
appreciate the feedback !

I read the touch and the constrainment but the scoop I have discovered it while scanning some 15m charts but just to confirm please have a look at attached charts. Did I do anything wrong ? for the sake of simplicity I think I'll only focus on constrainments but I'm not sure yet if what I think constrainment is the constrainment would you mind putting up more examples of constrainments ?
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  • #13,440
  • Edited Jan 29, 2018 12:16am Jan 28, 2018 11:43pm | Edited Jan 29, 2018 12:16am
Quoting Piquant
{quote} appreciate the feedback ! I read the touch and the constrainment but the scoop I have discovered it while scanning some 15m charts but just to confirm please have a look at attached charts. Did I do anything wrong ? for the sake of simplicity I think I'll only focus on constrainments but I'm not sure yet if what I think constrainment is the constrainment would you mind putting up more examples of constrainments ? {image} {image} {image}
1 pic: 4 candles earlieritīs a scoop, your arrow marked the first touch.. both are good and make green pips.
2. pic touch trade afte4r clear break
3rd pic: answer yourself, when did the price( candle ) hit the first time your marked MA ?



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