CHOROS System | Page 727 | Forex Factory

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CHOROS System

  • #14,521
  • Jun 12, 2019 10:58am Jun 12, 2019 10:58am
Quoting Haydel
After that 15M bar closed below Daily Pivot, I went short when price retraced to Daily Pivot. Draw Down was less than 4 pips before going my way. Already at BE+1 Targeting +12 pips. We'll see. {image}
Target hit
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  • #14,522
  • Jun 13, 2019 4:48pm Jun 13, 2019 4:48pm
One of my trades today. The others were not this clear, so not worthy for a post.
I'm sharing so we all can keep learning.
Things considered:
1. All Higher Time Frames are pointing down (That is using 35 SMA and 50 EMA direction, that is what we use for a feel of the trend)
2. Confluence of the following levels: Weekly Pivot, Daily R1 and Round Number (They are reasonably close between them).
3. Confluence (close enough) of: H1 35SMA, H1 50EMA and H4 10EMA
4. H4 chart looked like a Scoop-Down setup were price went below H4 35/50 and then went up to touch H4 10EMA in confluence with H4 50EMA.

The entry point was almost at RN and I got +21 pips profit.
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  • #14,523
  • Edited 3:12am Jun 14, 2019 2:14am | Edited 3:12am

Dax shortie m5, kicked out +19 pips
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Risiko birgt immer auch die Chance.
  • #14,524
  • Jun 15, 2019 8:15am Jun 15, 2019 8:15am
Quoting GodFire
Great to be back {image} {image}

Hello Godfire, long time not seen.

May I ask what news indicator do you use?
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Risiko birgt immer auch die Chance.
  • #14,525
  • Jun 15, 2019 8:19am Jun 15, 2019 8:19am
Hello, I am planning to create Choros system scanner. Means i will automate all the information that you are trading on the chart.
Im just too lazy to read 727 pages So i need someone who trading it profitably that will let me know the moments he taking trades and information he is looking to. This will not be an EA but lets say a full functional indicator that can scan 28 pairs in one window and show all the necessary information.
ie.
-Is it first touch of the day
-Slope of the MA
-Distance from the Ma
-whether there is a zone near by
-Consecutive candle count

So , I need the rules and conditions that you are looking for. You can send me private message
Take it easy.
  • #14,526
  • Jun 15, 2019 8:25am Jun 15, 2019 8:25am
Quoting Quants
Hello, I am planning to create Choros system scanner. Means i will automate all the information that you are trading on the chart. Im just too lazy to read 727 pages So i need someone who trading it profitably that will let me know the moments he taking trades and information he is looking to. This will not be an EA but lets say a full functional indicator that can scan 28 pairs in one window and show all the necessary information. ie. -Is it first touch of the day -Slope of the MA -Distance from the Ma -whether there is a zone near by -Consecutive...
If u r too lazy... better not trade FX at all!
  • #14,527
  • Edited 2:14pm Jun 15, 2019 8:27am | Edited 2:14pm
Quoting Quants
Hello, I am planning to create Choros system scanner. Means i will automate all the information that you are trading on the chart. Im just too lazy to read 727 pages So i need someone who trading it profitably that will let me know the moments he taking trades and information he is looking to. This will not be an EA but lets say a full functional indicator that can scan 28 pairs in one window and show all the necessary information. ie. -Is it first touch of the day -Slope of the MA -Distance from the Ma -whether there is a zone near by -Consecutive...
Hello Quants.

Sounds like a serious intension.
But I have large doubts it can work with a mechanical bot!
-Is it first touch of the day............ First touch of the move!
-Slope of the MA........................... okay.. around 45° angle
-Distance from the Ma..................... from pair to pair a bit different because the bahaviour of each instrument is different.
-whether there is a zone near by.......Round numbers.
-Consecutive candle count.................Two bar rule

You forgot timing, news before and after, higher timeframe confirmed and a good SL and TP for every pair what can differ around 100% in the same timeframe--



The rules of the strategy are well discribed in the manual in the original thread:
https://www.forexfactory.com/showthread.php?t=224697


Guido
Attached File(s)
File Type: pdf The M15 Dance Manual.pdf   2.0 MB | 1,416 downloads
Risiko birgt immer auch die Chance.
  • #14,528
  • Jun 15, 2019 8:51am Jun 15, 2019 8:51am
Quoting emiel2303
{quote} If u r too lazy... better not trade FX at all!
Aight. Time is your most valuable asset; don't waste it.

Quoting Sesamstrasse
{quote} Hello Quants. Sounds like a serious intension. but I have large doubts it can work with a mechanical bot! -Is it first touch of the day............ First touch of the move! -Slope of the MA........................... okay.. around 45° -Distance from the Ma..................... from pair to pair a bit different because the bahaviour of each instrument is different. -whether there is a zone near by.......Round numbers. -Consecutive candle count.................Two bar rule You forgot timing, news before and after, higher timeframe confirmed...
Hey! Thanks. All the above rules are codeable. I have such reference dashboards already in my profile. So its not super hard for me. I doubt it would work on full auto too. But i want to give more likely a scanner. So instead of traveling inside windows we can see which pair doing its thing right at the moment.
Slope Of the MA 45 is a bit a lot. But we can find the slope with Pip distance difference between 2 points.. Then check how much % move its compare to day or week movement range. So higher the value , Higher the slope. I think i can add some nice stuff inside with 2-4-8 bar differences so we can make sure that is an increasing angle. Like 2 bar diff should be higher than 4 bar diff , then 8 bar diff etc , The other way would show the decrease of the move. Parabol.

First touch of the move , But which move , How you define move. Any simple math explanation ? Two bar rule is fine. I think that mean price should be away from the MA , Then come back and touch that with 2 big candles isn't it ? Round numbers are ok too. We will be able to see where is the price laying against those zones. Whether they hit or not. Timing and the rest are fine too, I just need an exact definition of each trade with one simple screenshot.
There can be several screens.. Just define your entry. Strictly in few screenshots and send me.

ps. Simple and strict rule out of subjectivity will work. Just document in small one page. If it differs for each pair then write me all.
Step by step
2*2 = 4 Rules.

Move defines X , Means LO Session should open and from that moment X pips up or Low defines move.
The touch defines X , Means 2 bar from Far away comes back faster to MA.
Don't worry about how complex they sound, I just need words such as , Its yellow , It's sour, It's fruit. So i call it Lemon.

The reason i don't go with documentation , I want it from traders mouth and his checklist right before he shoots the trade. So write me several rules in simplified words, I will code them.
Take it easy.
  • #14,529
  • Edited 2:20pm Jun 15, 2019 8:57am | Edited 2:20pm
Quoting Quants
{quote} Aight. Time is your most valuable asset; don't waste it. {quote} Hey! Thanks. All the above rules are codeable. I have such reference dashboards already in my profile. So its not super hard for me. I doubt it would work on full auto too. But i want to give more likely a scanner. So instead of traveling inside windows we can see which pair doing its thing right at the moment. Slope Of the MA 45 is a bit a lot. But we can find the slope with Pip distance difference between 2 points.. Then check how much % move its compare to day or week movement...

I have only one short discription for a "new move"
It´s when the price breaks valid through the 35 sma and 50 ema -- and a first touch 10 Ema appeares.
Or even a 35sma or 50 Ema touch.. also first touches with enough empty space to reach a target and not wide seperated,
no higher Ma is in the way, they confirm the signal, propably with a DP or round number as a additional confirmation(confluence)

How about constrainments?
Or scoop trades?


I have my eyes and about 6 years experience with this system to differ between good trades and valid but bad setups.
Risiko birgt immer auch die Chance.
  • #14,530
  • Jun 15, 2019 9:04am Jun 15, 2019 9:04am
Quoting Sesamstrasse
{quote} I have only one short discription for a "new move" It´s when the price breaks valid through the 35 sma and 50 ema -- and a first touch 10 Ema appeares. Or even a 35sma or 50 Ema touch.. also first touches with enough empty space to reach a target and not wide seperated, no higher Ma is in the way, they coonfirm the signal, propably with a DP or round number as a additional confirmation(confluence) How about constrainments? Or scoop trades? ?
At first version we don't need super exact rules.
But give me simple words like
If 35sma cross 50Ema for the first time and price goes x pip distance (Enough empty space) Then if it goes back and touches the 35 ma. While 35 ma and 50 ma gap is lower than X pips. Confluence so on can all followed with scores. I need definition.

Enough empty space isn't valid
But Atleast 20 pip space is valid explanation for me.

So give me 5 entry screenshots that were succesfull and includes all those rules. Take the variables of that moments and write down the each rule pass them to me. I will turn it to a signal. So clear rules with written and pointed that moments needed. Even if it differs for pairs , Just make the most common one. Later special input panels can given for other pairs
Take it easy.
  • #14,531
  • Edited 1:24pm Jun 15, 2019 9:09am | Edited 1:24pm
Quoting Quants
{quote} At first version we don't need super exact rules. But give me simple words like If 35sma cross 50Ema for the first time and price goes x pip distance (Enough empty space) Then if it goes back and touches the 35 ma. While 35 ma and 50 ma gap is lower than X pips. Confluence so on can all followed with scores. I need definition. Enough empty space isn't valid Atleast 20 pip space is valid explanation for me. So give me 5 entry screenshots that were succesfull and includes all those rules. Take the variables of that moments and each rule pass...

-- look the last 1453 pages and they are full of successful trades..
I´m sure you´ll find examples you like the last 5 pages or so.

As a definition for empty space I´d say --
in a M15 chart should be a empty space of 15 pips minimum to round numbers and higher timeframes or equivalent.

The behaviour of every instrument makes that difficult.

GCad for example will overshoot all lines and come back with a fast move.

Slower pairs run slowly but stable to TP without any retrace.
Risiko birgt immer auch die Chance.
  • #14,532
  • Jun 20, 2019 1:43am Jun 20, 2019 1:43am
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Risiko birgt immer auch die Chance.
  • #14,533
  • Jun 20, 2019 8:03am Jun 20, 2019 8:03am
Can you see where is my entry?

1st EMA 10 touch after news, except 4 bars retrace, made it not a perfect entry. But all TFs pointed down.

I was hoping to break the last low very soon, but it hovered between +10 and -1 two hours, made me lost patient, managed to take 11 pips when price broke the last bar high and then price shooting up 17 pips in 5 minutes. And then price dropped another 200 pips without me.

The power of 1st touch!
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  • #14,534
  • Edited 8:31am Jun 20, 2019 8:17am | Edited 8:31am
After missing the train, and price dropped a lot, I don't want to chase the market for shorting, and looked for long.

Very hard to make 10 pips and 18 pips in two places.

Looking back the chart, it is very hard to make money in such trending market counter-trend trading.

Unless you have strong reason to enter and take fast profit.
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  • #14,535
  • Jun 20, 2019 8:22am Jun 20, 2019 8:22am
Quoting larryw
After missing the train, and price dropped a lot, I don't want to chase the market for shorting, and looked for long. Very hard to made 10 pips and 18 pips in two places. Looking back the chart, it is very hard to make money in such trending market counter-trend trading. Unless you have strong reason to enter and take fast profit. {image}
Missing the train??
Huuh?
Nope, you already managed the trade and you were done!
Sitting on your hands while the conditions aren t given is also a kind of being successful!!

Your 2nd trade was not by the rules in any kind, looks like gambling.

keep it simple and safe your money.

..as you said in the trade before..
..the power of first touches.
Risiko birgt immer auch die Chance.
  • #14,536
  • Jun 20, 2019 8:30am Jun 20, 2019 8:30am
Quoting Sesamstrasse
{quote} Missing the train?? Huuh? Nope, you already managed the trade and you were done! Sitting on your hands while the conditions aren t given is also a kind of being successful!! Your 2nd trade was not by the rules in any kind, looks like gambling. keep it simple and safe your money. ..as you said in the trade before.. ..the power of first touches.
You are right, I posted the last two trades just want to warn dancers never counter trend.
  • #14,537
  • Jun 20, 2019 2:48pm Jun 20, 2019 2:48pm
Hi guys, haven't been here for a while

Is the method still working for you? Did it change your life financially for better ?
On my way to financial independence - if others can do it - I can do it
  • #14,538
  • Jun 20, 2019 4:14pm Jun 20, 2019 4:14pm
Quoting Eur Usd
Hi guys, haven't been here for a while Is the method still working for you? Did it change your life financially for better ?
Meanwhile I moved my raised founds to a more professional broker with a much higher minimum deposit and less leverage if this answers your question.

Did you figure out why it was t productive for you?
Risiko birgt immer auch die Chance.
  • #14,539
  • Jun 20, 2019 6:23pm Jun 20, 2019 6:23pm
Quoting Sesamstrasse
Did you figure out why it was t productive for you?
Mental weakness and lack of patience. When I started practicing Choros I could do 30% a month. Now I simply suck, or the market looks different than then. It's probably not for me, but am tempted to try it again for the last time.
On my way to financial independence - if others can do it - I can do it
  • #14,540
  • Jun 21, 2019 1:43am Jun 21, 2019 1:43am
Quoting Eur Usd
{quote} Mental weakness and lack of patience. When I started practicing Choros I could do 30% a month. Now I simply suck, or the market looks different than then. It's probably not for me, but am tempted to try it again for the last time.
Did you do stupid stuff like overtrade, revenge trade, moving sl, taking trades when there is not a setup etc? Or was it all due to the strategy not working (in your eyes)?
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