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CHOROS System

  • #13,481
  • Edited 3:58am Feb 9, 2018 3:41am | Edited 3:58am
GBP/USD

first trade was constrainment exited early 0 pips because the previous candle had bounced of a round number

second touch of 10 ema stopped -10

third bounce off 50 and 35 ema nice trade they were really close, +9 pips

EUR/JPY

first trade 50 and 10 EMA touch exited too early

second was touch of H1 35 ema stop loss was above 50 ema stopped was using small lots

third was 50 ema touch but i out


didnt notice the pairs had some correlations


almost all trades went as i thought

any insights?
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  • #13,482
  • Edited 4:27am Feb 9, 2018 4:04am | Edited 4:27am
Quoting amedeo
GBP/USD first trade was constrainment exited early 0 pips because the previous candle had bounced of a round number second touch of 10 ema stopped -10 third bounce off 50 and 35 ema nice trade they were really close, +9 pips EUR/JPY first trade 50 and 10 EMA touch exited too early second was touch of H1 35 ema stop loss was above 50 ema stopped was using small lots third was 50 ema touch but i out didnt notice the pairs had some correlations almost all trades went as i thought any insights? {image}
hi.
You have 3 MAŽs each chart-- whenever you add more ( from higher timeframes) make sure you can read them.

Keep it simple. 3 are enough.
start the advanced techniques when you are successful with the easy steps.
THIS is a marathon, start with walking first.

You can count on one hand how many people in this thread are still posting/trading this system live- over years.

Same reason..
Simplicity leads you to open your eyes.
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Risiko birgt immer auch die Chance.
  • #13,483
  • Feb 13, 2018 6:49am Feb 13, 2018 6:49am
Classic 35/50 bounce !
It has space to run further down but I am concerned since id didn't bounce at the first EMA 10....
So I got out with +23p.
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  • #13,484
  • Feb 13, 2018 11:05am Feb 13, 2018 11:05am
M1
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Risiko birgt immer auch die Chance.
  • #13,485
  • Feb 14, 2018 5:58am Feb 14, 2018 5:58am
M15 constrainment

+20
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  • #13,486
  • Feb 15, 2018 1:36pm Feb 15, 2018 1:36pm
H4 10EMA trade.
The setup is currently giving more than 40p. I only got the first +13p form this one.
The entry point was exactly at the touch of the H1 35SMA (Not shown on this image), very close to the H4 10EMA.
As you can see, the resistance formed by the low of the bar pointed by the red line, contributed to the reaction. It's true that other lows after that also created resistance, as you can see by the reaction of the bar prior to my entry, nevertheless, the entry was mainly based on the steepness and proximity of the H1 35SMA and H4 10EMA, that was the CHOROS setup.

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  • #13,487
  • Feb 16, 2018 5:35am Feb 16, 2018 5:35am
Hi everybody,

After a while trying other things (don't ask me why because even I don't know....) I decided to comeback to Choros. Based on that, I would like to know if you guys think this is a valid trade. Thank you very much!
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  • #13,488
  • Feb 16, 2018 5:43am Feb 16, 2018 5:43am
Quoting DiegoCasas
Hi everybody, After a while trying other things (don't ask me why because even I don't know....) I decided to comeback to Choros. Based on that, I would like to know if you guys think this is a valid trade. Thank you very much! {image}
-- Valis yes, but not good--

price already touched .. and it looks like the candles constrain on 10 ema down.. #

IŽm sure youŽll find better ones
Risiko birgt immer auch die Chance.
  • #13,489
  • Feb 16, 2018 7:12am Feb 16, 2018 7:12am
Thanks for your answer Sesamstrasse!

And about this one, what do you guys think? I thought it was a H1 35ema touch in confluence with DP.

Thanks!
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  • #13,490
  • Feb 22, 2018 6:25am Feb 22, 2018 6:25am
Quoting DiegoCasas
Thanks for your answer Sesamstrasse! And about this one, what do you guys think? I thought it was a H1 35ema touch in confluence with DP. Thanks! {image}
I can't see the pair and timeframe of your image, but it looks like what you say, H4 10EMA could help you decide in cases like this.
  • #13,491
  • Feb 22, 2018 6:35am Feb 22, 2018 6:35am
Quoting Haydel
Possible SHORT: AUDUSD H1 10EMA in confluence with M15 35/50 and PPA from 2017.08.15 at 0.7807.
This is the outcome of that call.

Sold at 0.78076 and got +10p.

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  • #13,492
  • Edited 3:40pm Feb 22, 2018 8:00am | Edited 3:40pm
Hello guys. Only recently I bumped into this thread. I like it a lot, and am going slowly through the learning phase. Still studying the original thread (big thanks to eclayf and kostas1 by the way). Today I took the trade shown and closed it with a set profit because I had to leave. Is it a valid touch of the 50? Also I was wondering if the square marks a valid constrainment trade, which I only noticed too late as I wasn't at the PC. Can anyone confirm? Thank you

EDIT: Before I get slapped on my wrist, let me point out that what appears like a late entry on the real touch, is because that was the moment I loaded my chart and I decided to enter at the same level. Maybe not very smart as the idea of touch trades is to resume the trend quickly, but in this case the trade was also supported by the rejection at the RN.
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  • #13,493
  • Feb 22, 2018 8:11am Feb 22, 2018 8:11am
Quoting 4fxonly
Hello guys. Only recently I bumped into this thread. I like it a lot, and am going slowly through the learning phase. Still studying the original thread (big thanks to eclayf and kostas1 by the way). Today I took the trade shown and closed it with a set profit because I had to leave. Is it a valid touch of the 50? Also I was wondering if the square marks a valid contrainment trade, which I only noticed too late as I wasn't at the PC. Can anyone confirm? Thank you {image}

It is.

Here is mine.. 10 ema touch (a second touch) in a small timeframe, quick 17 pips.

Guido
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Risiko birgt immer auch die Chance.
  • #13,494
  • Feb 22, 2018 9:00am Feb 22, 2018 9:00am
Quoting Haydel
Possible LONG: USDCAD H1 10EMA in confluence with M15 35/50 and RN at 1.2700.
This was fast!

I set my pending order, made the call on the Interactive thread, a few minutes latter price dropped and triggered my pending order, 5 minutes later it hit the +15p target.

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  • #13,495
  • Feb 23, 2018 3:39am Feb 23, 2018 3:39am
Just opened charts and saw this DT so I entered at a slightly better price than COB. Keeping a strict eye on it
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  • #13,496
  • Feb 23, 2018 4:09am Feb 23, 2018 4:09am
Quoting 4fxonly
Just opened charts and saw this DT so I entered at a slightly better price than COB. Keeping a strict eye on it {image}
Hi 4x.
There is no clear entry in a trend visible.
Look for clean and clear entries and have a plan for exits, otherwise you waste money and time.
Only your broker claps his hands this way.

Read this thread, youŽll be able to spot AAA entries after you finnished it.

stay tuned

Guido
Risiko birgt immer auch die Chance.
  • #13,497
  • Edited 7:25am Feb 23, 2018 4:23am | Edited 7:25am
Quoting Sesamstrasse
{quote} Hi 4x. There is no clear entry in a trend visible. Look for clean and clear entries and have a plan for exits, otherwise you waste money and time. Only your broker claps his hands this way. Read this thread, youŽll be able to spot AAA entries after you finnished it. stay tuned Guido
Thanks, mate. I appreciate your suggestion. It was probably a hurried decision as I spotted the pattern as soon as I opened the chart and entered without considering the whole environment. My thought was it would at least get to the RN again (sorry, meant the previous low formed), but there is actually no real momentum. I have now closed with a few pips gain because it seems to be going nowhere. I will now carry on reading and will not post trades again until I have absorbed the nuances.
  • #13,498
  • Edited 7:51am Feb 27, 2018 7:20am | Edited 7:51am
Quoting kostas1
{quote} gbpusd, eurjpy, usdcad, gbpjpy, usdjpy, eurusd
Thank you for sharing Kostas.
In addition to that, looking for pairs with the lowest spreads and the biggest daily movement average in the last 30 days, I think the following 8 pairs would be suitable for CHOROS.
In alphabetical order:
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  • #13,499
  • Feb 28, 2018 12:32pm Feb 28, 2018 12:32pm
+35 pips
ema 10 touch
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  • #13,500
  • Feb 28, 2018 2:16pm Feb 28, 2018 2:16pm
Quoting amedeo
+35 pips ema 10 touch {image}
Nice trade!
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