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CHOROS System

  • #14,541
  • Jun 21, 2019 3:32am Jun 21, 2019 3:32am
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.
Market looks different.
  • #14,542
  • Jun 21, 2019 8:50am Jun 21, 2019 8:50am
GU scoop up, entry on M5 EMA10 retest, +20, exit on M15 EMA50 and PP, out too early.
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  • #14,543
  • Jun 21, 2019 10:00am Jun 21, 2019 10:00am
UC +17
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  • #14,544
  • Jun 22, 2019 6:17am Jun 22, 2019 6:17am
Quoting mtruefx
{quote} 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)?
Good question

Strategy works, the reasons were all you mentioned ;-) and thing is I could write a book about bad habits and advising how to avoid it, thing is I wouldn't follow it ;-)
On my way to financial independence - if others can do it - I can do it
  • #14,545
  • Jun 22, 2019 9:45am Jun 22, 2019 9:45am
Quoting larryw
UC +17 {image}
Hi larry,

could u explain the reasons for the entry, bc I don't see a reason why one should enter this trade.

Thank you,
jan4ik
  • #14,546
  • Edited 7:06am Jun 24, 2019 6:48am | Edited 7:06am
Friday evening Dax shortie after constrainment.
Played out about 50 pips
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Risiko birgt immer auch die Chance.
  • #14,547
  • Jun 24, 2019 4:48pm Jun 24, 2019 4:48pm
Quoting jan4ik05
{quote} Hi larry, could u explain the reasons for the entry, bc I don't see a reason why one should enter this trade. Thank you, jan4ik
M15 new trend in US session starting and price made a higher high, entered long on retrace to EMA10, but the Higher TFs were down trend. thus took quick profit at next resistance.
  • #14,548
  • Edited 10:03am Jun 25, 2019 9:34am | Edited 10:03am
EJ EMA50 1st touch, confluence with H1 35/50, RN, was given 15 pips, stopped out at 8p, re-entered at EMA10, took another 12p.

Can be held longer, HTFs are quite bearish.
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  • #14,549
  • Jun 26, 2019 2:59am Jun 26, 2019 2:59am
GJ +29.5, HTF confluence of 35/50, according to dance rules touch trade of 5m 35/50

Trying to strip my charts down to KISS, very familiar with 10/50EMA, and seems like 35SMA works well with these two.

TP was +15 / previous low (per entry) - closed manually as felt was loosing momentum and worried by buying pressure..
- entered a second time because GJ, GC, GN often overshoot points of interest and after 10 pip bar up on LDN open.
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  • #14,550
  • Jun 26, 2019 3:34am Jun 26, 2019 3:34am
+0.8 BE,,
High risk entry but there was 3:1 RR so gave it a shot, nothing lost nothing gained.
expecting break of previous highlighted zone and took entry off contrainment on 10EMA,,
moved SL to break even once highlighted candle formation formed..
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  • #14,551
  • Jun 26, 2019 4:01am Jun 26, 2019 4:01am
Quoting Fredrik7
+0.8 BE,, High risk entry but there was 3:1 RR so gave it a shot, nothing lost nothing gained. expecting break of previous highlighted zone and took entry off contrainment on 10EMA,, moved SL to break even once highlighted candle formation formed.. {image}
Fi Fredrik-- welcome on bord.
-- 10 ema touch trades in M1 --
Hmmh--on a sideways market?

May be one or two times- but in the long run (and that is what seperates the losers from us) it won´t work.
For M1 it is neccessary to keep the transactionscosts small.
GJ isn t famous for tight spreads;-)

Above m5 , better M15 to H1 it works extremly stable.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #14,552
  • Jun 26, 2019 4:03am Jun 26, 2019 4:03am
Quoting Sesamstrasse
{quote} Fi Fredrik-- welcome on bord. -- 10 ema touch trades in M1 -- Hmmh-- on a sideways market? May be one or two times- but in the long run (and that is what seperates the losers from us) it won´t work. It´s well explained how it works, with good examples over and over. Stay tuned Guido
I understand we want first touch after valid break through 35/50 , I was only using it for extra confluence on a mainly level play.. new to ‘dance’ so yes still learning this way.
Very happy to learn from you
  • #14,553
  • Jun 27, 2019 2:55am Jun 27, 2019 2:55am
Run up on LO,, exited on touch of M15 10EMA.

Time for breakfast.
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  • #14,554
  • Edited 8:30am Jun 27, 2019 3:11am | Edited 8:30am
Quoting Fredrik7
Run up on LO,, exited on touch of M15 10EMA. Time for breakfast. {image} {image}
Good morning.
I marked for you the valid setups with this strategy.

what you do is countettrading on former highs, this has nothing to do with Dancing.
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Risiko birgt immer auch die Chance.
  • #14,555
  • Jun 27, 2019 3:26am Jun 27, 2019 3:26am
Quoting Sesamstrasse
{quote} Good morning. I marked for you the valid setups with this strategy. what you do is counteetrading on former highs, this has nothing to do with Dancing. {image}
Was first set up I saw this morning, will refrain from posting strictly non dance trades from now on
  • #14,556
  • Jun 27, 2019 5:02am Jun 27, 2019 5:02am
Quoting Sesamstrasse
{quote} I marked for you the valid setups with this strategy
thanks for posting these setups.
but, did you catch any trade of these trades in real time ?
  • #14,557
  • Edited 1:56pm Jun 27, 2019 5:23am | Edited 1:56pm
Quoting Sajidhelp
{quote} thanks for posting these setups. but, did you catch any trade of these trades in real time ?
Normally I don t trade GJ.

the posted chart is "Fredrik7"s.

But YES, I can easily pick these trades.
and I explained over and over how YOU can this , too.

--Simulator-- training-- patience-

These three words keep in mind

It is hard work.
Risiko birgt immer auch die Chance.
  • #14,558
  • Jun 28, 2019 8:51am Jun 28, 2019 8:51am
GU EMA 10 bounce, +10p, did not enter at touch because there were 4 pin bars before my entry, was waiting for M5 bounce, exit too soon, would be more if using M5 trailing. A good touch trade 2 bars later(2nd touch).
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  • #14,559
  • Jul 1, 2019 8:30am Jul 1, 2019 8:30am
Hi Guys. How would you play on this one?
EUR/AUD - at 13:45 you see pinbar and it failed. Price does not cross R1 of daily pivot but it bounced off 10 EMA and 200 EMA at same time. Would you guys take a risk for entry or just leave it? The total trend is going down still by higher time frame charts.
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On my way to financial independence - if others can do it - I can do it
  • #14,560
  • Edited 9:57am Jul 1, 2019 8:31am | Edited 9:57am
I was on about this bit circled

Edit: now I see it went north but before that a 20 pips sl would be triggered
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On my way to financial independence - if others can do it - I can do it
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