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CHOROS System

  • #13,961
  • Aug 28, 2018 3:23am Aug 28, 2018 3:23am
Quoting Sesamstrasse
{quote} Looks like the Metatrader updates above build 600 are the reason for it. Unfortunately this member wasn´t seen since that time. But I´ll give you a tip how to continue. Pairs with lower volatility like NU, AU, AJ, UCAD or so reach mostly a 9 pip neth TP with first touches 10 Ema in M15. (minimum and mostly reached) Pairs with a medium volatility like EU, GU, EJ, EA reach mostly a 11 pip neth TP . And high volatility pairs like GJ or GCAD-- They just don t work for me good enough to trade them. Don t be greedy, let your account grow in these...

Thank you Sesamstrasse
  • #13,962
  • Aug 28, 2018 6:51am Aug 28, 2018 6:51am
Chased this trade since early morning.
EJ

Entry m1 -- higher TF confirmed
After good 10 pips half out and SL to BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [EURJPYc,M1] 2018-08-28 13.50.09.png Size: 28 KB
Click to Enlarge Name: GBEbrokers-Live - [EURJPYc,M15] 2018-08-28 13.52.53.png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #13,963
  • Aug 28, 2018 7:12am Aug 28, 2018 7:12am
Hi all,

First time posting in this thread, still a lot to read, but took my first 2 trades, both winners
EJ - m15 35 (bounce)
GU - h1 10ema (late entry, arrow is hidden behind the bar)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 79 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB


Got out of both with a quick 10 pips, both had lots left, so may start closing half and letting it ride in the future
Feedback welcome

Looking forward to reading and practicing more
  • #13,964
  • Aug 28, 2018 7:39am Aug 28, 2018 7:39am
Quoting 1qaz2wsx33
Hi all, First time posting in this thread, still a lot to read, but took my first 2 trades, both winners EJ - m15 35 (bounce) GU - h1 10ema (late entry, arrow is hidden behind the bar) {image} {image} Got out of both with a quick 10 pips, both had lots left, so may start closing half and letting it ride in the future Feedback welcome Looking forward to reading and practicing more
Hi - however your nickname gets called.

IMO- first learn the strategy .. and make at least 100 stable trades (to have a valuable number of trades for a statistic)#
..THEN start thinking the first time about changing anything. on your moneymanagement.

Never change a running system.


Good success
Guido
Risiko birgt immer auch die Chance.
  • #13,965
  • Aug 29, 2018 2:46am Aug 29, 2018 2:46am
Good morning all!!

Although I should wait for H1 confirmation (10/35 touch), I took this M15 10EMA. The price almost touched my SL and reversed...TP will be the next RN.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 186 KB
You are allowed to fall but you are imposed to get up!
  • #13,966
  • Aug 29, 2018 8:13am Aug 29, 2018 8:13am
Quoting iero4
Good morning all!! Although I should wait for H1 confirmation (10/35 touch), I took this M15 10EMA. The price almost touched my SL and reversed...TP will be the next RN. {image}
Took the same trade after the M15 pinbar that touched the daily pivot close to 130.00 and closed below the M10 10EMA. Exit at 129.69 for ~ 20 pips close to S1.
  • #13,967
  • Aug 30, 2018 3:08am Aug 30, 2018 3:08am
Quoting That guy
{quote} Took the same trade after the M15 pinbar that touched the daily pivot close to 130.00 and closed below the M10 10EMA. Exit at 129.69 for ~ 20 pips close to S1.
I took just 14 pips from that
You are allowed to fall but you are imposed to get up!
  • #13,968
  • Aug 31, 2018 2:49am Aug 31, 2018 2:49am
Trade in USDJPY this morning.

Based on:

  1. H1 EMA10 constrainment with a great pinbar both in M15 and H1 that closed below the round number
  2. The resistance had been tested multiple times. If it breaks this would most likely mean a strong push down

My entry was a bit late since I was at the computer a bit later than usual. But the setup looked so good that I still took it. Risk was defined very well by the pinbar and acceptable.

In hindsight my exit was way too early, but since US and JP markets are both closed I was not sure if price would push through the cluster further left easily. Still got my 10 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 86 KB
  • #13,969
  • Edited 12:27pm Aug 31, 2018 11:22am | Edited 12:27pm
Two profitable EURUSD trades today, this one is still open and giving more that +50 pips!!!

A beautiful H1 10EMA Touch perfect entry in confluence with RN at 1.1650.

The reaction to this Choros Setup was great.

I think that that last H1 bar that closed below 1.1600 created and Strong momentum that will push price lower even after London close.

Will see what price action says and may leave the trade open for a couple of hours until just before NY close.

[EDIT] Decided to close the trade at +50 pips. Have a good weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #13,970
  • Sep 1, 2018 2:40am Sep 1, 2018 2:40am
ok another first "two bar-10EMA" touch trade good for +10 with pair AN
also see the perfect constrainment around the 10ema (red arrows) for confirmation.

and the first 35/50 touch (blue rectangle) was a very nice short signal which i didnt take because i was already more than +20 for the day in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 31.8.AUDNZDM15.png Size: 115 KB
trading is like dancing, don't think and just listen to the music!
  • #13,971
  • Sep 3, 2018 6:15am Sep 3, 2018 6:15am
GU off 15min 10ema
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 49 KB


Edit: Hit TP +10 pips
  • #13,972
  • Sep 4, 2018 1:48am Sep 4, 2018 1:48am
H4 50/10 + RN constrainment ahead...
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You are allowed to fall but you are imposed to get up!
  • #13,973
  • Sep 4, 2018 3:20am Sep 4, 2018 3:20am
One more entry although a little bit late but still good in EU M15.
Attached Image (click to enlarge)
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You are allowed to fall but you are imposed to get up!
  • #13,974
  • Edited 2:30pm Sep 4, 2018 3:30am | Edited 2:30pm
My Choros trade from 5/10EMA touch & constraintment, now running 20 pips, targeting 50 pips.
H1/D1/W1/MN last candles are in agreement to bearish.
I start to think that Choros system is an improved price action method, or maybe an advanced one
because Choros system "seems" able to catch real time momentum upon market price reaction with stronger confluence and confirmation, IMHO.

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.JPG Size: 111 KB
  • #13,975
  • Sep 4, 2018 7:47am Sep 4, 2018 7:47am
Possible SHORT: EURUSD H1 10EMA in confluence with M15 35/50 and Daily S2 at 1.1572.
  • #13,976
  • Sep 4, 2018 9:09am Sep 4, 2018 9:09am
Quoting Haydel
Possible SHORT: EURUSD H1 10EMA in confluence with M15 35/50 and Daily S2 at 1.1572.
Missed the entry by 3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #13,977
  • Sep 4, 2018 9:45am Sep 4, 2018 9:45am
another nice 10EMA-touch

ok, the daily R1 in front BUT:

1) perfect parallel&steep 35/50 lines (blue eclypse)
2) pin bar on m15 (arrow)
3) Gap from monday still open (orange line)
4) steep 10ema

summa summarum the buying power was strong enough and it will continue. but a scalp in the hand is better than nothing!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 111 KB
trading is like dancing, don't think and just listen to the music!
  • #13,978
  • Edited 2:46pm Sep 4, 2018 2:30pm | Edited 2:46pm
Quoting hidymat
My Choros trade from 5/10EMA touch & constraintment, now running 20 pips, targeting 50 pips. H1/D1/W1/MN last candles are in agreement to bearish. I start to think that Choros system is an improved price action method, or maybe an advanced one because Choros system "seems" able to catch real time momentum upon market price reaction with stronger confluence and confirmation, IMHO. {image}
Finally hit 50 pips right at the key support with set & forget
I try to trade with Choros system from zone to zone so I didn't trail SL, only BE.
Attached Image (click to enlarge)
Click to Enlarge Name: exit EurUsd.JPG Size: 106 KB


IMHO, it's important to Choros traders to have good understanding about zones such as Support & Resistance and Supply & Demand as a supplement to technique. Here under is an example of my Euro supply and demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: Key Level.JPG Size: 99 KB
  • #13,979
  • Edited 2:07am Sep 6, 2018 1:19am | Edited 2:07am
Euro M15 touch entries at 35MA and 5/10MA riding current bear to 1154.

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.JPG Size: 67 KB
  • #13,980
  • Sep 6, 2018 2:17am Sep 6, 2018 2:17am
Quoting hidymat
Euro M15 touch entries at 35MA and 5/10MA riding current bear to 1154. {image}
Hello all-this is my first post here.I am reading through this thread and also have read through clay´s thread a few times.
Now i´m trying to develop my own view and use of this strategy.

Hello Hidymat- do you use the lower timeframes m5 / m1 for finetuning entries or do you anticipate this from touch on ema 5/10 m15 chart?
whatever happens next....
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