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CHOROS System

  • #14,321
  • Dec 21, 2018 12:59am Dec 21, 2018 12:59am
Good morning dancers.

There are not only winners.

I try to keep the SLŽs tight.

-5.5 in this case

Dax
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [DE30.c,M1] 2018-12-21 09.46.55.png Size: 23 KB
Risiko birgt immer auch die Chance.
  • #14,322
  • Dec 21, 2018 5:43am Dec 21, 2018 5:43am
I think this is it for me for this year. At last I managed to stay green this month for the first time.
Attached Image


I wish you all happy and merry christmas, happy new year and many green pips next year.
Attached Image
  • #14,323
  • Dec 21, 2018 12:47pm Dec 21, 2018 12:47pm
Quoting Chrobakx
I think this is it for me for this year. At last I managed to stay green this month for the first time. {image} I wish you all happy and merry christmas, happy new year and many green pips next year. {image}
Today was also my last day of trading!

Wish you all great holidays, some chilled days off trading and see you guys next year

Best,
J
  • #14,324
  • Edited Dec 25, 2018 12:13am Dec 24, 2018 6:42am | Edited Dec 25, 2018 12:13am
Hello Dancers,

Happy Holidays! I'm pretty new to the whole forex scene as well as forums (I like to keep a distance at times), started trading a live account today (Yes I know out of all days I chose today - xmas eve). I've been following (Dancing) Choros strategy for some time now. Read through all the old threads and manuals, and I really love this strategy, it is my first proper strategy I have implemented and since I am very new to trading as a whole I believe dedicating myself to one strategy and mastering it is vital.

Since today is my first day trading on a live account (I have done countless backtesting and some demo trading to prepare for this) I would like to share a trade that basically made up my other failed trades from earlier on during the day.

I follow a mixture of Endroutes and Kostas Tips / Strategy, using both 5M and 15M with fine tuning entries on 1M with 30M 18SMA for trend direction etc...

This trade made me 19.4 pips, I really tried to stick to the rules, as a newbie it was nerve wrecking not to close the trade earlier, but I maintained the trade (just like Clay suggested in the manual) moving SL up to last low / high. I also noticed the confluence but I was too 'scared' to enter there as I wasn't sure what to expect so waited for further PA.

If anyone has any suggestion for me to improve please share, I would love to grow and become better. One thing I realised in trading live and with this strategy is Market sentiment doesn't matter (as you can see in the image), and I really need to be patient for setups and trust in the strategy in order for this to work.

Attached Image (click to enlarge)
Click to Enlarge Name: Live Trade 1.jpg Size: 367 KB


Monitored my exit through 1M when I saw a possible reversal taking place. It could go further in my direction but one thing I read Kostas say is that don't get greedy - winning smaller trades will build confidence and your account.

If anyone has any tips or anything I will be happy to hear.

Happy Holidays.

JP.
  • #14,325
  • Dec 25, 2018 3:29am Dec 25, 2018 3:29am
Merry christmas lads!!!!
  • #14,326
  • Dec 27, 2018 3:03am Dec 27, 2018 3:03am
Hello everyone,
Merry christmas and happy new year guys!!
Lately I've tried to combine choros with trendline and S&R. This are the trades that I took. There is a big red candle in h1 that breaks the trendline and m15 MAs looks good for short. I decided to open first position because the price retrace to trendline and the second position because the price touch m5 10 ema and confluence with weekly pivot. I decided to close at the support line. +19 and +14.
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  • #14,327
  • Jan 1, 2019 8:45am Jan 1, 2019 8:45am
Quoting Agro
{quote} Here is the latest version summarising Kostas' approach up until this point in time. It is quite a crude document but requires no more editing for my purposes. Feel free to download it and make your own changes if you wish. There are no charts or examples. I wanted to make a concentrated document with text only. I have not included everything, just things I thought were most important. There is some repetition where I thought it was important to hammer home important concepts or have them explained in different ways. Also, it may seem slightly...
Thank you for your hard work in compiling the text!
  • #14,328
  • Jan 1, 2019 9:45pm Jan 1, 2019 9:45pm
Hi,

I've been trying to use the Dance on trading the futures ES (mini S&P 500), but I haven't been successful and I'm not sure if the system will work the same. I see that Sesamstrasse has used it to trade the DAX, which I think might trade similarly to the ES but I'm not familiar with the DAX, so I don't really know if it does. Has anyone had success using the Dance to trade the futures equity indexes (ES, YM, NQ) and if so, are there any adjustments that need to be made? Any help would be appreciated.
  • #14,329
  • Jan 1, 2019 10:05pm Jan 1, 2019 10:05pm
I'm attaching the 5 min and 15 min charts of the ES futures. With the 5 min chart, the candles don't seem to respond as well to the EMAs, however, looking at the 15 min chart it seems that price did respect the EMAs, especially the 50 EMAs.

Do the charts look like the Dance system could work on it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES with Dance 5 min.PNG Size: 87 KB
Click to Enlarge Name: ES with Dance 15 min.PNG Size: 75 KB
  • #14,330
  • Jan 2, 2019 3:32am Jan 2, 2019 3:32am
Happy new Year everyone.
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Risiko birgt immer auch die Chance.
  • #14,331
  • Edited 8:06am Jan 2, 2019 7:53am | Edited 8:06am
Quoting Trend4money
Hi, I've been trying to use the Dance on trading the futures ES (mini S&P 500), but I haven't been successful and I'm not sure if the system will work the same. I see that Sesamstrasse has used it to trade the DAX, which I think might trade similarly to the ES but I'm not familiar with the DAX, so I don't really know if it does. Has anyone had success using the Dance to trade the futures equity indexes (ES, YM, NQ) and if so, are there any adjustments that need to be made? Any help would be appreciated.

.. and still does..

Training and patience is the big trick..
YouŽll be able to spot AAA setups after reading the Choros and the Dance thread.



Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [DE30.c,M1] 2019-01-02 17.05.34.png Size: 22 KB
Risiko birgt immer auch die Chance.
  • #14,332
  • Jan 2, 2019 8:10am Jan 2, 2019 8:10am
Thanks Sesamstrasse! I'm very encouraged to put the time in to make this work. After posting on here I was able to find some of your older DAX posts and saw some of the trades you made and now feel this is possible.
  • #14,333
  • Edited 6:48pm Jan 2, 2019 5:54pm | Edited 6:48pm
Hi Everyone,

I've read the manuals a few times now, and have tried to do demo trading on it.

My questions are:

1. Is it absolutely essential to trade only during session overlap times, or can this rule be relaxed and have the Dance/Choros still work?
2. For touch trades, do we enter at touch (perhaps using a stop/limit order), or wait for the candle to close then see if there is a touch. If wait for candle, I'm thinking the entry may no longer be optimal as sometimes price retreats fast after the touch. Of course, if don't wait for candle to close, price can also penetrate the MA and close beyond it.

Thanks!
  • #14,334
  • Edited 7:11am Jan 3, 2019 4:16am | Edited 7:11am
Quoting procmail
Hi Everyone, I've read the manuals a few times now, and have tried to do demo trading on it. My questions are: 1. Is it absolutely essential to trade only during session overlap times, or can this rule be relaxed and have the Dance/Choros still work? 2. For touch trades, do we enter at touch (perhaps using a stop/limit order), or wait for the candle to close then see if there is a touch. If wait for candle, I'm thinking the entry may no longer be optimal as sometimes price retreats fast after the touch. Of course, if don't wait for candle to close,...
Hi and welcome.

1.Make sure minimum one market is open when you trade this instrument.. a clear overlap isn t neccessary.

2.As closer with the particular MA you get in the trade.. as tighter your SL is..
....up to you how to get in.

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #14,335
  • Jan 3, 2019 4:29am Jan 3, 2019 4:29am
Quoting Sesamstrasse
{quote} Hi and welcome. 1.Make sure minimum one market is open when you trade this instrument.. a clear overlap isn t neccessary. 2.As closer with the particular MA you get in the trade.. as tighter yous SL is.. ....up to you how to get in. stay tuned Guido
Thanks Guido. Very clear!
  • #14,336
  • Jan 6, 2019 2:34pm Jan 6, 2019 2:34pm
Quoting Sesamstrasse
{quote} Hi Midnight. The secret indicator settings are. 35 Sma black (smoothed/close) 50 Ema saddle brown (expon/close) May be a different broker/servertime makes the difference? stay tuned Guido
Hi Sesamstrasse

why you use smoothe ma while Clay use simpe ma
  • #14,337
  • Edited Jan 7, 2019 9:18am Jan 6, 2019 3:09pm | Edited Jan 7, 2019 9:18am
Quoting HamidM
{quote} Hi Sesamstrasse why you use smoothe ma while Clay use simpe ma
Weil ich's kann;-)


Simple isn t simple but smoothed is smooth;-)


If you trade m1 you ll understand.
Risiko birgt immer auch die Chance.
  • #14,338
  • Jan 7, 2019 8:34am Jan 7, 2019 8:34am
Only one trade today during lunch break.

DAX m1

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBEbrokers-Live - [DE30.c,M1] 2019-01-07 17.31.55.png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #14,339
  • Jan 7, 2019 2:59pm Jan 7, 2019 2:59pm
Quoting Sesamstrasse
Only one trade today during lunch break. DAX m1 Stay tuned Guido {image}
Hi
why you entry late? after break the ma you can enter?
  • #14,340
  • Jan 7, 2019 11:39pm Jan 7, 2019 11:39pm
Quoting procmail
{quote} Thank you for your hard work in compiling the text!
No worries
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