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CHOROS System

  • #13,781
  • Jul 5, 2018 1:54am Jul 5, 2018 1:54am
Two Frankfurt M5 trades, which went extremely well. Waited for a retrace on a EUR and GBP pair since both are very trending.

+10
Attached Image (click to enlarge)
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+10
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Done for the day
  • #13,782
  • Jul 5, 2018 9:38am Jul 5, 2018 9:38am
Quoting GodFire
Two Frankfurt M5 trades, which went extremely well. Waited for a retrace on a EUR and GBP pair since both are very trending. +10 {image} +10 {image} Done for the day
Would you mind sharing your settings for maddash (if that is what you are using to determine trend on 5 minutes charts)?
  • #13,783
  • Jul 5, 2018 10:36am Jul 5, 2018 10:36am
Quoting tonny47
{quote} Would you mind sharing your settings for maddash (if that is what you are using to determine trend on 5 minutes charts)?
Have a look at the explanation of the thread starter from MADdash, he recently made, I use the same settings like him. It is used as a guideline and to prevent of trading against a bigger trend.

To determine the current trend I use my eyes and the angle on the MAs of Choro
  • #13,784
  • Jul 6, 2018 3:57pm Jul 6, 2018 3:57pm
The starter of the thread honestknave did not seem to post since 25 December 2017
https://www.forexfactory.com/showthr...4#post10619784

or are you referring to 919gilead posts?
  • #13,785
  • Jul 8, 2018 10:24am Jul 8, 2018 10:24am
Quoting tonny47
The starter of the thread honestknave did not seem to post since 25 December 2017 https://www.forexfactory.com/showthr...4#post10619784 or are you referring to 919gilead posts?
yes 919gilead posts
  • #13,786
  • Jul 9, 2018 3:04am Jul 9, 2018 3:04am
Changing my trade system to M15 since it's less stressful and more lucrative than the M5.

Took two trades on GBPJPY, on both I waited, that there is on the M5 chart a closed green candle (for confirmation). First trade was of the steep 10, second was a bounce off the 35.
Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-09GBPJPYM15.png Size: 40 KB


This trade was also a bounce of the 35.
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Click to Enlarge Name: 18-07-09GBPUSDM15.png Size: 33 KB


On all three trades +10, so +30 for the day and out
  • #13,787
  • Jul 10, 2018 2:57am Jul 10, 2018 2:57am
BE trade during Frankfrankfurt

Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-10GBPUSDM15.png Size: 37 KB



+10
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Click to Enlarge Name: 18-07-10EURJPYM5.png Size: 44 KB
  • #13,788
  • Jul 11, 2018 1:49am Jul 11, 2018 1:49am
quick trade before Draghi...

Attached Image (click to enlarge)
Click to Enlarge Name: 18-07-11AUDJPYM15.png Size: 37 KB
  • #13,789
  • Jul 11, 2018 3:29am Jul 11, 2018 3:29am
Some days just don t work.

I tried to get a pre London trade and ride it a bit--

First entry (BE) based on m5, second I used m1 as finetune and kicked it out -3.

I really love it to start the day with 10-20 green pips and see if I can get some extra.

Today I skip and do something useful.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYcM1.png Size: 37 KB
Click to Enlarge Name: EURJPYcM5.png Size: 31 KB
Risiko birgt immer auch die Chance.
  • #13,790
  • Edited 3:57am Jul 11, 2018 3:46am | Edited 3:57am
Good morning everybody. I found this thread two weeks ago as I was looking for for good entry strategy, but after time I realised this is all I need. I'm in the learning process and watching screen patiently and trying not to blindly jump in the trade. Yesterday morning I catched nice trade, price retraced from 35sma and used 5min tf for entry, but closed it too early with +9 pips, later that day I had two more trades, both loser and both not by the rules so lesson learned. Kosta if you are still around, thank you for this thread.
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  • #13,791
  • Jul 11, 2018 4:27am Jul 11, 2018 4:27am
Quoting Chrobakx
. Kosta if you are still around, thank you for this thread. {image}
You're welcome and good luck !
  • #13,792
  • Jul 11, 2018 5:14am Jul 11, 2018 5:14am
Trying to get back into 5 min choros trades. and trading this on demo

short gbpusd +11 pips bounce of ema 10 and RN
Attached Image (click to enlarge)
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  • #13,793
  • Jul 11, 2018 5:54am Jul 11, 2018 5:54am
two more trades on audusd and nzdusd on 5 min chart. exited at breakeven. went in my favour 9 pips. these pairs have quite low daily volatility so i should have probably settle for 7-8 pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSDM5.png Size: 98 KB
  • #13,794
  • Jul 11, 2018 6:33am Jul 11, 2018 6:33am
Quoting Sesamstrasse
Some days just don t work. I tried to get a pre London trade and ride it a bit-- First entry (BE) based on m5, second I used m1 as finetune and kicked it out -3. I really love it to start the day with 10-20 green pips and see if I can get some extra. Today I skip and do something useful. {image} {image}
But MAs did not look too great, right?
Stochastic and Heikin Ashi
  • #13,795
  • Edited 3:59pm Jul 11, 2018 7:42am | Edited 3:59pm
Quoting BudSpencer
{quote} But MAs did not look too great, right?
The first trade looked better.
But you never know how it develops.

Timing is a very important factor and m1 isn t that easy.
The big benefit is:
Tight trades, PA based-- quickly a result.

I came after lunch to look for a BO, because the EJ chart didn t move today that much.
Set a pending.. and huups-- got executed--
I managed it to profit--+16
one minute later, a first touch 10 Ema appeared-- more +9 pips--
I decided to add one more order at the next touch 10 Ema and pay it with profits--
Fruush +17 pips--
All in all around 40 pips in 15 minutes.

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [EURJPYc,M1] 2018-07-11 14.35.23.png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #13,796
  • Edited 2:20am Jul 12, 2018 2:06am | Edited 2:20am
Pre Frankfurt entry in m5

My plan for TP was a bit below 50 Ema H1.


Edit-- stopped BE

Looks like EJ would be the better choice today..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [GBPUSDc,M5] 2018-07-12 08.58.33.png Size: 27 KB
Click to Enlarge Name: GBEbrokers-Live - [GBPUSDc,H1] 2018-07-12 08.57.47.png Size: 17 KB
Click to Enlarge Name: GBEbrokers-Live - [GBPUSDc,M1] 2018-07-12 09.12.41.png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #13,797
  • Jul 12, 2018 2:21am Jul 12, 2018 2:21am
gbpjpy on 5 min chart. entered little late. price was creating monthly highs and struggled to break above RN so I took 7-8 pip here
Attached Image (click to enlarge)
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  • #13,798
  • Jul 12, 2018 3:23am Jul 12, 2018 3:23am
usdjpy 5 min long. exited at breakeven as the price wasnt going anywhere. reentered long gbpjpy, keeping stop loss tight at 7 pips
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  • #13,799
  • Jul 12, 2018 4:08am Jul 12, 2018 4:08am
managed to move my stop loss from 7 to breakeven before the spike down, then price went up. wouldnt survive 7 pip stop loss though
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  • #13,800
  • Jul 12, 2018 5:26am Jul 12, 2018 5:26am
finally TP of +10 hit

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