CHOROS System | Page 728 | 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

  • #14,541
  • 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.
Attached Image (click to enlarge)
Click to Enlarge Name: gu621.png Size: 50 KB
  • #14,543
  • Jun 21, 2019 10:00am Jun 21, 2019 10:00am
UC +17
Attached Image (click to enlarge)
Click to Enlarge Name: uc621.png Size: 36 KB
  • #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
Attached Image (click to enlarge)
Click to Enlarge Name: DE30.cM30.png Size: 46 KB
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.
Attached Image (click to enlarge)
Click to Enlarge Name: ej625.png Size: 42 KB
  • #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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-06-26 at 08.51.21.png Size: 77 KB
Click to Enlarge Name: Screen Shot 2019-06-26 at 08.50.32.png Size: 85 KB
  • #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..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-06-26 at 09.29.01.png Size: 90 KB
  • #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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-06-27 at 08.39.51.png Size: 76 KB
Click to Enlarge Name: Screen Shot 2019-06-27 at 08.47.00.png Size: 70 KB
  • #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.
Attached Image (click to enlarge)
Click to Enlarge Name: InkedScreen2002_LI.jpg Size: 768 KB
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).
Attached Image (click to enlarge)
Click to Enlarge Name: gu628.png Size: 47 KB
  • #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.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 232 KB
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
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 227 KB
On my way to financial independence - if others can do it - I can do it
6 traders viewing now