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CHOROS System

  • #14,861
  • Dec 12, 2019 4:09am Dec 12, 2019 4:09am
Quoting Gragab
Harris focus on watching price movement around the ma痴 on the 15 minute graph. Use the simulator. Watch what the mas do and what they tell you.
You are right price action is the king, I always try to confirm every trade with valid price action but i think i'll only get better with experience in live markets.

Most importantly the thing that has helped me the most is that, now i have stopped justifying every losing trade, some trades aren't suppose to work you can't do anything about them, its the cost of doing business. If you start justifying every single loss you'll end up tweking your strategy after every losing trade, you'll never get consistent this way. This is game of probabilities we need to understand that every single trade we lost isn't our fault or neither our systems fault, some trades aren't just suppose to work no matter how good the setup looks.
  • #14,862
  • Dec 12, 2019 4:57am Dec 12, 2019 4:57am
We are all very good at complicating things. Learn the 15 minute first. Too many variables create uncertainty. Forget about all else, and start at basics and build up. All the rest will follow, give it time.
  • #14,863
  • Dec 15, 2019 6:35am Dec 15, 2019 6:35am
Quoting haris1211
I'm not sure how kostas made it work for himself in few days and became profitable from day one of dancing
Made me wonder as well
  • #14,864
  • Dec 16, 2019 7:17am Dec 16, 2019 7:17am
Quoting Jkdt
{quote} Made me wonder as well
Certainly not for being a genius....
Actually, before this method I had 2-3 yrs of intensive forex trading experience, blown accounts, etc.
I had used similar methods from other people that helped me along the way but at some point in early 2010, I was ready to give up.
The Dance came along, something clicked in my brain and trading made some sense.
According to other people that have success using it, none of them was a newbie, all of them had forex experience and just found a way to apply their knowledge successfully.
So my advice, keep at it building your forex skills, focus on one pair, one kind of trade (preferably M15 35/50 bounce with angled MAs) and see how far you can go.
  • #14,865
  • Edited Dec 24, 2019 4:26am Dec 23, 2019 11:07am | Edited Dec 24, 2019 4:26am
A merry Xmas to the complete dancing community..

Successful 2020 and a lot of fun between.


Cheers
Guido
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Risiko birgt immer auch die Chance.
  • #14,866
  • Dec 23, 2019 9:38pm Dec 23, 2019 9:38pm
Hello all Dancers,
Merry Christmas to everyone!

Cheers
Sang
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  • #14,867
  • Dec 24, 2019 12:27am Dec 24, 2019 12:27am
Wishing only the best for New Year and success and most importantly good health.
  • #14,868
  • Dec 24, 2019 10:10pm Dec 24, 2019 10:10pm
I am using EA simulator to practice what I am learning with this system.
The simulator supports multiple time frames. MTF indicators work well with the simulator.

Sang
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  • #14,869
  • Dec 25, 2019 9:01pm Dec 25, 2019 9:01pm
This is the content I care about most in the DanceTOC.doc file.
Clay, Kostas, Endroute, Lee, Survivor and others have built this thread perfectly.
I really appreciate the knowledge and experience that everyone has shared here!

Sang
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  • #14,870
  • Jan 2, 2020 7:37am Jan 2, 2020 7:37am
If price gets to the circle I will add to my shorts.

That's a very nice H1 Scoop Down Setup.
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  • #14,871
  • Jan 2, 2020 11:27am Jan 2, 2020 11:27am
Quoting Haydel
If price gets to the circle I will add to my shorts. That's a very nice H1 Scoop Down Setup. {image}
Crazy huh?
Some times this setup works even if price gets there a bit late

That was +36 pips move from the entry point.
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  • #14,872
  • Jan 2, 2020 8:56pm Jan 2, 2020 8:56pm
That Daily candle close looks very bearish, so I think today I will be looking mainly for SHORTS.
Nevertheless that D1 10EMA in confluence with Monthly Pivot and RN at 1.1150 is a LONG that I知 also planning to take very close to Monthly Pivot. D1 10EMA touches are very strong.
So, I知 planning one LONG at the D1 10EMA touch, and SHORTS for the rest of the day starting at 1.1200 and at lower time frames CHOROS setups.
We値l see.
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  • #14,873
  • Edited 3:30am Jan 3, 2020 3:07am | Edited 3:30am
I haven't posted in a VERY long time - been involved in crypto instead of forex - but every now and then I jump on the charts and find the Dance still works like a charm Here's my EURUSD for today - M15 chart with entry off M5.

I've also slightly updated my Retrace Bot so that you can choose which MA timeframe your entry is based off. Useful if you want to trade the on M15 but enter based off an M5 or H1 MA. Instructions here.

And if anyone was interested to know - the same Dance principles work equally well off the Bitcoin charts.

All the best for 2020, and much love to Clay and Kostas!
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File Type: ex4 RetraceBot.ex4   15 KB | 328 downloads
File Type: mq4 RetraceBot.mq4   4 KB | 370 downloads
  • #14,874
  • Jan 3, 2020 3:09am Jan 3, 2020 3:09am
Quoting arha
I haven't posted in a VERY long time - been involved in crypto instead of forex - but every now and then I jump on the charts and find the Dance still works like a charm Here's my EURUSD for today. I've also slightly updated my Retrace Bot so that you can choose which MA timeframe your entry is based off. Useful if you want to trade the on M15 but enter based off an M5 or H1 MA. And if anyone was interested to know - the same Dance principles work equally well off the Bitcoin charts. All the best for 2020, and much love to Clay and Kostas!...
I was asking for YOU years ago, good to see you back in track.

Guido
Risiko birgt immer auch die Chance.
  • #14,875
  • Jan 3, 2020 4:53am Jan 3, 2020 4:53am
Nice to see some "old" guys here
You are allowed to fall but you are imposed to get up!
  • #14,876
  • Jan 3, 2020 5:03am Jan 3, 2020 5:03am
Seems like January 2020 was the Dance class reunion appointment!
  • #14,877
  • Jan 3, 2020 6:50am Jan 3, 2020 6:50am
Quoting Haydel
That Daily candle close looks very bearish, so I think today I will be looking mainly for SHORTS. Nevertheless that D1 10EMA in confluence with Monthly Pivot and RN at 1.1150 is a LONG that I知 also planning to take very close to Monthly Pivot. D1 10EMA touches are very strong. So, I知 planning one LONG at the D1 10EMA touch, and SHORTS for the rest of the day starting at 1.1200 and at lower time frames CHOROS setups. We値l see. {image}
Well, there was no reaction at D1 10EMA so my LONG hit my Stop Loss.

On the other hand, looking for shorts, this H1 10EMA looks promising. I'm ready to sell there.
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  • #14,878
  • Jan 3, 2020 6:55am Jan 3, 2020 6:55am
Quoting Haydel
{quote} Well, there was no reaction at D1 10EMA so my LONG hit my Stop Loss. On the other hand, looking for shorts, this H1 10EMA looks promising. I'm ready to sell there. {image}
Hi Haydel,

I am looking at the same area of interest but I will deffinately look for confirmation from M15/M5 before entering
You are allowed to fall but you are imposed to get up!
  • #14,879
  • Jan 3, 2020 7:10am Jan 3, 2020 7:10am
This one looks interesting too. On GBPUSD
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  • #14,880
  • Jan 3, 2020 8:13am Jan 3, 2020 8:13am
Quoting Haydel
{quote} Well, there was no reaction at D1 10EMA so my LONG hit my Stop Loss. On the other hand, looking for shorts, this H1 10EMA looks promising. I'm ready to sell there. {image}
Missed the entry by less than 2 pips.

My next try will be shorting H4 10EMA.
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