CHOROS System | Page 723 | 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

  • #14,441
  • Mar 13, 2019 5:49am Mar 13, 2019 5:49am
Quoting holgi19
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. {image}
Nice trading
Guido
Risiko birgt immer auch die Chance.
  • #14,442
  • Mar 13, 2019 7:56am Mar 13, 2019 7:56am
Quoting FxOlympian
please can i get some comments on trades i took today. My screenshots are not the best sorry {image} {image} {image}
please only post color-clean charts. your screenshots look like a jungle gaming platform. its very confusing to look at them. thx.
trading is like dancing, don't think and just listen to the music!
  • #14,443
  • Mar 13, 2019 3:44pm Mar 13, 2019 3:44pm
Possible Short: USDJPY H1 10EMA in confluence with M15 35/50.

Waiting for this M15 candle to close as a nice and clear Pin bar to decide if I will go Short.

EDIT: No Pin bar (At the touch of H1 10EMA) after that M15 bar closed, so no trade yet. Maybe a Pin bar forms after touching or getting really close to M15 35/50, We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #14,444
  • Mar 14, 2019 6:26am Mar 14, 2019 6:26am
This is a H1 10EMA entry fine-tuned on the M5 Time frame. My entry was exactly after the close of the last M5 Pin bar that actually touched H1 10EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #14,445
  • Mar 14, 2019 6:52am Mar 14, 2019 6:52am
Quoting Haydel
This is a H1 10EMA entry fine-tuned on the M5 Time frame. My entry was exactly after the close of the last M5 Pin bar that actually touched H1 10EMA. {image}
Closed it manually at +20pips after that M5 Pin Bar at that Support Level.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
  • #14,446
  • Mar 14, 2019 8:01am Mar 14, 2019 8:01am
This could be turning into a Scoop-Up Setup. We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #14,447
  • Edited 10:41am Mar 14, 2019 10:27am | Edited 10:41am
All successful trades taken today on GBPJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 221 KB
Click to Enlarge Name: Screen Shot 2019-03-14 at 20.25.59.png Size: 219 KB
  • #14,448
  • Mar 14, 2019 10:31am Mar 14, 2019 10:31am
took this trade on touch of 35 SMA H1, additional confirmation was touch 10 Ema on h4.
Closed half at +50 and the rest is running.
EDIT: Rest of the position has stopped out at +30.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-03-14 at 20.28.36.png Size: 219 KB
  • #14,449
  • Mar 14, 2019 10:39am Mar 14, 2019 10:39am
Another trade of EURUSD, rejection from 35EMA on H! multiple times. Can anybody tell me if it was the right entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-03-14 at 20.37.11.png Size: 229 KB
  • #14,450
  • Mar 14, 2019 11:29am Mar 14, 2019 11:29am
Quoting haris1211
Another trade of EURUSD, rejection from 35EMA on H! multiple times. Can anybody tell me if it was the right entry. {image}
Hello Haris.

Looks like you do your first steps and that´s fine.

I would recomment to read the intire "dance thread" + Choros and the manual to get an eye for good and bad entries.

Your entry wasn t that good for a couple of reasons:

1.First touches are the most save touches.
2.-- upper wicks up top and bottom= porcupine donot trade it, the rules say;-)
3. higher timeframe confirmed? Nope!

all in all i can strongly recomment to be picky with good and valid AAA setups.

After reading this thread you´ll be able to spot AAA setups.
up to you if you want to be successful.

Hope that helped.

Guido
Risiko birgt immer auch die Chance.
  • #14,451
  • Mar 14, 2019 1:03pm Mar 14, 2019 1:03pm
[I would recomment to read the intire "dance thread" + Choros and the manual to get an eye for good and bad entries[/quote]
Thats what i've been doing from past few weeks and i think i'll have to give another GOOD read to the manual. It'll take me few more months on demo to get the feel of good AAA setups, i'll keep posting screenshots of my entries, please point out all the mistakes and help me learn it better. Thanks

[3. higher timeframe confirmed?[/quote]
Price Action on H4 is above moving averages, I shouldn't have taken short trade, is that what you are referring to.
  • #14,452
  • Edited 3:07pm Mar 14, 2019 1:31pm | Edited 3:07pm
Keep it simple.

I see no reason why someone shouldn t be profitable with it.

Stick to first touches 10 Ema, steep angle, higher timeframes confirmed-- to get a feeling how it works.

......and if there´s a valid confluence with other MA´s-- even better!

Take only clean and clear setups...


Not too greedy with pips.

The big trick is to sit patiently on the sideline and watch what happens.
Risiko birgt immer auch die Chance.
  • #14,453
  • Mar 14, 2019 5:43pm Mar 14, 2019 5:43pm
Quoting birdland
{quote} please only post color-clean charts. your screenshots look like a jungle gaming platform. its very confusing to look at them. thx.
Sorry about that will do.

I have a question... what do you guys think of trading the dance on the AUD/JPY during the Asian/Sydney crossover
  • #14,454
  • Mar 15, 2019 2:05am Mar 15, 2019 2:05am
Quoting FxOlympian
{quote} Sorry about that will do. I have a question... what do you guys think of trading the dance on the AUD/JPY during the Asian/Sydney crossover
Basicly you can trade any instrument, just make sure one market is open to have enough "power" to reach your targets.

AJ respects the lines wonderful and it´s not a bad pick.
Risiko birgt immer auch die Chance.
  • #14,455
  • Mar 15, 2019 10:51am Mar 15, 2019 10:51am
My trades today were on the usdcad pair:First trade i would describe as scoop up (please correct me if wrong!)-although i´m not sure about it because the break of the 35/50 were not so strong.
I entered as the pin bar had formed.Next i entered at the touch of ema10 in confluence with DP/H4-10.What gave me some more confidence that price will probably go up was the double bottom formed on H4 before.
Wish you all a good weekend!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad m15.png Size: 70 KB
Click to Enlarge Name: usdcad h4.png Size: 61 KB
whatever happens next....
  • #14,456
  • Mar 15, 2019 4:02pm Mar 15, 2019 4:02pm
@Sesamstrasse
My entry on GBPUSD today, would you consider this a AAA trade. But earlier today I was stopped out of a trader, can you please clarify what would you have done if you were in same situation. i'm posting both the charts.
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-03-16 at 01.39.52.png Size: 129 KB
Click to Enlarge Name: Screen Shot 2019-03-16 at 01.59.27.png Size: 138 KB
  • #14,457
  • Edited 3:32am Mar 16, 2019 2:51am | Edited 3:32am
Quoting haris1211
@Sesamstrasse My entry on GBPUSD today, would you consider this a AAA trade. But earlier today I was stopped out of a trader, can you please clarify what would you have done if you were in same situation. i'm posting both the charts. Thanks {image} {image}
Okay..
Keep it simple:
If the conditions are not given-- don t trade!

I really wouldn t do such trades!

M15= no valid entry.. fare in the jungle..
H1= MA soup with 4th touch?
WHAT?
I like AAA setups , clean and clear steep angle, first touch, 35 and 50 ema tight together, timing is good=YES


PS: Take a look what "Holgi" showed 2 posts above.. the 10 Ema touch is well spotted.
Attached Image (click to enlarge)
Click to Enlarge Name: common, it´s not that hard.png Size: 444 KB
Risiko birgt immer auch die Chance.
  • #14,458
  • Mar 18, 2019 2:26pm Mar 18, 2019 2:26pm
Here are a couple of trades i took on the simulator. The yellow arrow show the trade and points in the direction the trade was taken. I also tried to mark the same place on the 5 min chart as well. Please do give me your opinions on the trades

By the way the black arrows show trades i thought about taking but did not take.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sim 11 M 1a.PNG Size: 119 KB
Click to Enlarge Name: sim 11 M 1b.PNG Size: 256 KB
Click to Enlarge Name: sim 11 M 1c.PNG Size: 119 KB
Click to Enlarge Name: sim 11 M 1d.PNG Size: 249 KB
  • #14,459
  • Mar 19, 2019 1:55am Mar 19, 2019 1:55am
Quoting FxOlympian
Here are a couple of trades i took on the simulator. The yellow arrow show the trade and points in the direction the trade was taken. I also tried to mark the same place on the 5 min chart as well. Please do give me your opinions on the trades By the way the black arrows show trades i thought about taking but did not take. {image} {image} {image} {image}
Hi.

take a look at your first 6 pics.

Market already opened and shows no clear trend.
MA´s are wide seperated and flat.

Start with m15 (or higher) until you get an eye for:
First touches , steep angle of the MA´s tight 35 and 50 ema.

Keep it simple and widen your screen, you´d be amazed how easy it can be.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #14,460
  • Mar 26, 2019 10:56am Mar 26, 2019 10:56am
...first trade since weeks..

25 mt4 pips--
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYcM15.png Size: 58 KB
Risiko birgt immer auch die Chance.
2 traders viewing now