CHOROS System | Page 705 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #14,081
  • Oct 2, 2018 4:58am Oct 2, 2018 4:58am
Quoting amedeo
Second trade textbook trade +27

I took the same one for +9,4 pips

Plus bounce from RN + daily S2 for +7,9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU RN+S2 succes 02.10.18.png Size: 48 KB
  • #14,082
  • Oct 2, 2018 6:13am Oct 2, 2018 6:13am
I don't know why this trade hit my SL. I thought there is a constrainment and confluence between 10 ema+RN.
Attached Image
  • #14,083
  • Oct 2, 2018 6:25am Oct 2, 2018 6:25am
Quoting yhsman
I don't know why this trade hit my SL. I thought there is a constrainment and confluence between 10 ema+RN. {image}
My friend...it is not constrainment. Constrainment normaly requires 3 or more SMALL bars respecting an MA or S/R line. In addition, the price action in H1 shows you that it is going to test H1 10EMA so in my opinion you should wait for price to hit H1 10EMA.

One more thing is that price tested so many times the round number + Monthly pivot and rejected. Monthly pivot is very strong S/R level in my opinion because many long term traders use it. I decided not to use Pivot Points because I want my charts as clear and simple as possible but they are very powerfull espeacially Daily PP, Weekly PP and Monthly PP.

I hope I helped you a bit...
You are allowed to fall but you are imposed to get up!
  • #14,084
  • Oct 2, 2018 6:28am Oct 2, 2018 6:28am
Quoting iero4
{quote} My friend...it is not constrainment. Constrainment normaly requires 3 or more SMALL bars respecting an MA or S/R line. In addition, the price action in H1 shows you that it is going to test H1 10EMA so in my opinion you should wait for price to hit H1 10EMA.
I see... Thanks for the explanation, iero.
  • #14,085
  • Oct 2, 2018 6:47am Oct 2, 2018 6:47am
Quoting yhsman
{quote} I see... Thanks for the explanation, iero.
Just to make more clear to you...I NEVER OPEN A TRADE IF I DON'T HAVE CONFLUENCE IN 2 OR MORE TIME FRAMES
You are allowed to fall but you are imposed to get up!
  • #14,086
  • Oct 2, 2018 7:17am Oct 2, 2018 7:17am
Quoting iero4
{quote} Just to make more clear to you...I NEVER OPEN A TRADE IF I DON'T HAVE CONFLUENCE IN 2 OR MORE TIME FRAMES
2 or more tf it means like confluence between 10 ema in m15 and 35sma in h1, right? Corect me if i'm wrong.
  • #14,087
  • Oct 2, 2018 7:22am Oct 2, 2018 7:22am
Quoting yhsman
{quote} 2 or more tf it means like confluence between 10 ema in m15 and 35sma in h1, right? Corect me if i'm wrong.
You are correct!
You are allowed to fall but you are imposed to get up!
  • #14,088
  • Oct 2, 2018 8:04am Oct 2, 2018 8:04am
@Godfire
you are getting really good in the 10ema trades!

@amedeo
avoid low volatility pairs like EG or ECH. for the 10-15 pips its more easy with the higher ones like GJ, EU or GU.
but also a great GU trade from yours!
trading is like dancing, don't think and just listen to the music!
  • #14,089
  • Oct 2, 2018 8:07am Oct 2, 2018 8:07am
Quoting yhsman
I don't know why this trade hit my SL. I thought there is a constrainment and confluence between 10 ema+RN. {image}
maybe the trade didnt work or was more risky because you took the 2nd (or 3rd) 10ema touch-trade. the trend was then a bit exhausted.
trading is like dancing, don't think and just listen to the music!
  • #14,090
  • Oct 3, 2018 1:42am Oct 3, 2018 1:42am
I took this trade because of confluence from 2 tf like what iero said yesterday

EDIT : I have closed all position because I think the price is in s/r from H4. I don't want to take the risk. And I have achieved my daily target from this double lot position in 2 pairs.
Attached Images
  • #14,091
  • Oct 3, 2018 3:30am Oct 3, 2018 3:30am
Quoting yhsman
I took this trade because of confluence from 2 tf like what iero said yesterday EDIT : I have closed all position because I think the price is in s/r from H4. I don't want to take the risk. And I have achieved my daily target from this double lot position in 2 pairs. {image} {image}
You are allowed to fall but you are imposed to get up!
  • #14,092
  • Oct 3, 2018 5:00am Oct 3, 2018 5:00am
One to (only) 10 pips, the other one to BE
Attached Image (click to enlarge)
Click to Enlarge Name: 18-10-03GBPAUDM15.png Size: 45 KB


Nice 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 18-10-03AUDUSDM15.png Size: 34 KB


Also had this loser. Sometimes it happens I guess, but I wouldn't say it was a bad entry. Maybe a bit flat...

Attached Image (click to enlarge)
Click to Enlarge Name: 18-10-03EURJPYM15.png Size: 41 KB
  • #14,093
  • Oct 3, 2018 5:27am Oct 3, 2018 5:27am
Quoting GodFire
One to (only) 10 pips, the other one to BE {image} Nice 10 pips {image} Also had this loser. Sometimes it happens I guess, but I wouldn't say it was a bad entry. Maybe a bit flat... {image}
good trades!

EJ: i prefer a rising trend with new swing highs and then a touch back to the 10ema.
in the picture you see the first top 1, then retrace back to 2 and the 3 did not reach the swingtop 1
i try to avoid these kind of patterns.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 99 KB
trading is like dancing, don't think and just listen to the music!
  • #14,094
  • Oct 3, 2018 7:03am Oct 3, 2018 7:03am
Quoting birdland
{quote} good trades! EJ: i prefer a rising trend with new swing highs and then a touch back to the 10ema. in the picture you see the first top 1, then retrace back to 2 and the 3 did not reach the swingtop 1 i try to avoid these kind of patterns. {image}
Thanks a lot for the advise, that's it! When I was looking back at this trade, I was thinking something doesn't look quite right, but didn't know why.
  • #14,095
  • Oct 4, 2018 2:48am Oct 4, 2018 2:48am
A real beauty
Attached Image (click to enlarge)
Click to Enlarge Name: 18-10-04EURAUDM15.png Size: 41 KB
  • #14,096
  • Oct 4, 2018 3:07am Oct 4, 2018 3:07am
Morning guys

First trade today EU 15tf, TP hit +10. I traded it as a scoop up trade where 15 min bar closed above ema 50, then price retraced back little bit and I opened trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EU scoop up succes 4.10.18.png Size: 51 KB
  • #14,097
  • Oct 4, 2018 4:22am Oct 4, 2018 4:22am
Hi guys,

took this trade some minutes ago on the GU. Confluence of M15 10EMA and Daily PP. Was worth +11 !

Have a great day!
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2018-10-04 um 11.21.13.png Size: 73 KB
  • #14,098
  • Oct 4, 2018 6:30am Oct 4, 2018 6:30am
Confluence between 2 tf. Move SL to BE as soon as possible because price is stuck in daily 35 sma. Let's see...

EDIT : Closed the position at +15 because I have to prepare for my exam.
Attached Images
  • #14,099
  • Oct 5, 2018 2:20am Oct 5, 2018 2:20am
Morning lads

First trade GU 15tf retrace to monthly pivot after rally. +9,9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU first retrace succes 5.10.18.png Size: 56 KB
  • #14,100
  • Oct 5, 2018 3:56am Oct 5, 2018 3:56am
Had just this trade today. A bit an unusual trade for me, entered at the 5 min tf when the first M5 candle closed after london open.
Attached Image (click to enlarge)
Click to Enlarge Name: 18-10-05GBPJPYM15.png Size: 41 KB
84 traders viewing now