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CHOROS System

  • #14,421
  • Feb 25, 2019 7:38am Feb 25, 2019 7:38am
Quoting Haydel
Possible LONG: EURUSD H1 10EMA in confluence with M15 35/50 and RN at 1.1350 and Daily R1 at 1.1354.
Went LONG: The reaction to the circled high convinced me to enter.

We'll se how the trade develops.
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  • #14,422
  • Edited 8:47am Feb 25, 2019 8:30am | Edited 8:47am
UC short +9 H4 EMA 10 touch entry, M15 EMA 10 exit

Update: After exit 30 min, it bounced to the entry point, indicating a good by rule long entry at my exit point.
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  • #14,423
  • Feb 25, 2019 8:12pm Feb 25, 2019 8:12pm
- When do you use Price Action as described in the manual (eg Pin Bars, Doji Bars etc)? In touch trade, in theory you don't wait for the candle to close; the trade is entered at the touch of the candle on an MA. Does Price Action as mentioned in the manual factor in here?

- Some here wait for the candle close instead of entering on a touch. In such a case, does Price Action factor in whether or not to enter a trade? How about if Price Action shows a bullish bar right on the MA when you're about to short it, do you still enter the trade because price touched and closed on the MA?

- I suppose for constraintment trades, price action can play a part.

Thanks for reading!
  • #14,424
  • Mar 4, 2019 10:01am Mar 4, 2019 10:01am
EJ +10, exit early, reached my TP one hour later.
This should be a 35 SMA reject entry, since I do not use 35 SMA, entered on the LL and LH M15 bar formed.
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  • #14,425
  • Mar 4, 2019 7:15pm Mar 4, 2019 7:15pm
Possible LONG: EURJPY M15 Scoop-Up. Ready to enter at circled area.
Attached Image (click to enlarge)
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  • #14,426
  • Mar 4, 2019 7:47pm Mar 4, 2019 7:47pm
Quoting Haydel
Possible LONG: EURJPY M15 Scoop-Up. Ready to enter at circled area. {image}
Nice, although I didn't take it as it was too near the Daily Pivot.

But it was enough pips to have made my quota for the day.
  • #14,427
  • Mar 5, 2019 6:59am Mar 5, 2019 6:59am
Shorted EURUSD due to a nice confirmed H4 10EMA first touch. (First attached Image)
What convinced me to pull the trigger was the M30 pin bar formed right after price went extremelly close to H4 10EMA (Circled in second attached image)
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  • #14,428
  • Mar 5, 2019 7:37am Mar 5, 2019 7:37am
Quoting Haydel
Shorted EURUSD due to a nice confirmed H4 10EMA first touch. (First attached Image) What convinced me to pull the trigger was the M30 pin bar formed right after price went extremelly close to H4 10EMA (Circled in second attached image) {image} {image}
Moved to BE+1 after price went back up to M15 10EMA.
Expecting to get 20 pips from this trade. We'll see.
Attached Image (click to enlarge)
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  • #14,429
  • Mar 5, 2019 8:01am Mar 5, 2019 8:01am
Quoting Haydel
{quote} Moved to BE+1 after price went back up to M15 10EMA. Expecting to get 20 pips from this trade. We'll see. {image}
Stopped Out at BE+1
  • #14,430
  • Mar 5, 2019 8:31am Mar 5, 2019 8:31am
Quoting Haydel
{quote} Stopped Out at BE+1
Re-entered again after that gorgeous M15 Pin bar that took me out. Same target. Ussually H4 10EMA bounces are very strong, specially first touches, so I'm counting with that H4 10EMA momentum.
We'll see.
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  • #14,431
  • Mar 5, 2019 8:49am Mar 5, 2019 8:49am
Quoting Haydel
{quote} Re-entered again after that gorgeous M15 Pin bar that took me out. Same target. Ussually H4 10EMA bounces are very strong, specially first touches, so I'm counting with that H4 10EMA momentum. We'll see. {image}
the ISM (orange news) are approaching. so this is what i dont like. but trade looked good as a general.
trading is like dancing, don't think and just listen to the music!
  • #14,432
  • Mar 5, 2019 9:10am Mar 5, 2019 9:10am
Quoting Haydel
{quote} Re-entered again after that gorgeous M15 Pin bar that took me out. Same target. Ussually H4 10EMA bounces are very strong, specially first touches, so I'm counting with that H4 10EMA momentum. We'll see. {image}
Target hit!!!
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  • #14,433
  • Mar 5, 2019 11:54am Mar 5, 2019 11:54am
Quoting Haydel
{quote} Target hit!!! {image}
Hey buddy,
Any new Haydel software in the horizon??
  • #14,434
  • Mar 5, 2019 1:02pm Mar 5, 2019 1:02pm
Just saying hi. Im happy this thread is alive. I will be posting my trades here when i start trading.
  • #14,435
  • Mar 8, 2019 9:45am Mar 8, 2019 9:45am
Quoting kostas1
{quote} Hey buddy, Any new Haydel software in the horizon??
Dear Kostas,

The EA I was developing has turned into an Indicator that I use in my trading. The indicator shows Key levels I usually use, Round Numbers, all Daily Pivots, Weekly and Monthly central Pivots and Key levels I base on Strong Daily Swing Higher Highs or Lower Lows, all things I learned in your thread.

The highlight of this indicator is that it shows some possible Choros Setups.

The thing is, as with all indicators and EAs, you can't trust in it's signals blindly. We have to use our brain. If I would trade blindly all signals this Indicator gives me, I would be loosing all my money.

I don't trade with Choros setups only. I consider Support/Resistance levels that I draw manually on my charts (like horizontal lines and trend lines), I watch Supply and Demand Areas in several time frames. I watch Price Action (Not only the last bar but shapes formed by dozens of bars, like triangles, channels, etc.). When many of those things tell me to trade, I usually use Choros Setups to fine-tune my entry and that Is what I post here.

As an example of the indicator, take a look at the attached image form today with a couple of profitable trades.

Happy trading.
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  • #14,436
  • Mar 8, 2019 10:03am Mar 8, 2019 10:03am
Crazy huh?!!!
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  • #14,437
  • Mar 11, 2019 8:53am Mar 11, 2019 8:53am
Is this containment?
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  • #14,438
  • Mar 11, 2019 9:06am Mar 11, 2019 9:06am
I guess not stop out -10
  • #14,439
  • Mar 11, 2019 9:34am Mar 11, 2019 9:34am
please can i get some comments on trades i took today. My screenshots are not the best sorry
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  • #14,440
  • Mar 13, 2019 4:20am Mar 13, 2019 4:20am
I took this trade today:

ema10 first touch on m15 in confluence with DP, ema10 H4 touch....took 75% of position out at +10 Pips and left 25% in, set BE +1.
Attached Image (click to enlarge)
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whatever happens next....
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