CHOROS System

Sorry for not replying to your post soon.
Sorry, I cannot post the emulator file here.
I found it at the link below. It is free with activation code.
If you want to support the author of the emulator, you can buy it from their homepage.
If you have any questions about usage, you can ask me anytime, I will reply you as soon as possible.
Best regards!
https://forum.worldwide-invest.org/t...forex.2350050/

USDCHF 15 min chart - 10 EMA touch. I was looking to trade the USD strength and took this for 21 pips (risk was 8-9 pips), exit at the 35/50 EMA (4 hour) that it also reacted perfectly to.

I love constrainments

+ 16 Cable M5

Hi Kostas1 and veterans are there any recommended books which relate to ma trading and candle trading

Proud of this one.
It gave me +77 pips.
The entry was an H1 Scoop-Down.
It looked promising so I left the trade open during the weekend and the target was hit Sunday night.

Just speaking for myself, I mainly use 10EMA, 35SMA and 50EMA in all timeframes. I learned how to use them here at CHOROS forum only.

Yes thank you, I am now understanding better the rhythm of the dance, but I just wanting to increase my general knowledge base

Nice start for the week...Took the GBP/USD cross and retest of M15 35/50 in confluence with H1 10. +28 pips and I am done for today

P.S. I would have taken the 1st H1 10 touch for 10 pips but I was away from pc and missed it

GU failed on the first go, good on the second (entered a little early but the 1hr trend was down) but should have been more patient to let it follow through....

You entered while MAs where flat my friend. Try to be patient and wait for better set ups.

I took the following trade and I am done for today as I don't feel confident when it is news day.

EU 1st touch of 10 EMA 15 min, out for 10pips (trade open 10 min).

GBPUSD 15 min chart. Touch of 10 EMA, nice steep angle (same setup occured in EURGBP for a sell)

All TFs where confluenced so I pulled the trigger and +36 is enough for today.

Have a nice weeked guys!

Reward is a function of effort. Everyone has the ability to be great. Never let anyone tell you otherwise.

Hi everyone,

first of all thanks for this amazing thread as well as the original thread and the strategy. I only found it a few days ago and I am working through the material. Although a little confused and definitely overwhelmed by all the material in the beginning, yesterday evening it made "click" for me. I am now able to see the trades more clearly though I will need much more time on the charts for refinement and trading. I like the vibe of this thread a lot and I am commited to work through it to really get all the information possible.

In the meantime I have a question I can't quite figure out for myself yet. I hope one of you guys can help! On page 78 of the initial The Dance manual, Clay posted the following chart. The red square is mine, I added it to show which area Clay is referening. Under the chart Clay wrote: "You can see in the H1 chart above that there was a “Touch Trade” on the EJ that was good for over 150 pips, had you been at the computer. The Higher Time frame “Touch Trades” are pretty awesome trades."

I have two questions concerning this setup:
1. Clay says the "Touch Trade" is valid for the 35 SMA and 50 EMA. How do I know whether to enter on the 35 SMA or the 50 EMA? In this case for example if we would have entered at the 50 EMA, the trade probably would have been taken out for a SL. Only the Entry at First Touch of the 35 SMA would have yielded the results Clay wrote about. Do we enter both Setups and if the first one (in this case 50EMA) fails just enter the second First Touch setup (in this case 35 SMA)?

2. I am a little confused because in the rules Clay specifies that the Touch Trade only applies if the "Touch" happens at the second bar latest. However in the image shown, the Touch of the 35 SMA is the fourth Candle, therefore nor really comply with the rules of the Touch Trade.

Am I missing something? I really do hope you guys can help me understand, while I simultaneously work through the originial thread and this one.

Regards,
Methos

This is an example of a one bar touch of the 35/50. A powerful and fast movement. For every action there is a counter reaction in terms of time , force and speed.

Away from trading, I have been following the infection and death rates given in the local news, and the daily rate given seems to be on average a jump between 10-15% deaths and infections. If we take the law of 72 into account this means the number will double every 5-7 days.

And this is relevant to CHOROS trading because ??????

I will only stick with the dance techniques. You are correct, it was in my mind at the time.

[quote=NameIsMethos;12730824]H1. Clay says the "Touch Trade" is valid for the 35 SMA and 50 EMA. How do I know whether to enter on the 35 SMA or the 50 EMA? In this case for example if we would have entered at the 50 EMA, the trade probably would have been taken out for a SL. Only the Entry at First Touch of the 35 SMA would have yielded the results Clay wrote about. Do we enter both Setups and if the first one (in this case 50EMA) fails just enter the second First Touch setup (in this case 35 SMA)? 2. I am a little confused because in the rules Clay specifies that the Touch Trade only applies if the "Touch" happens at the second bar latest. However in the image shown, the Touch of the 35 SMA is the fourth Candle, therefore nor really comply with the rules of the Touch Trade. Am I missing something?


Hi Methos, I will try to explain the thinking that you should have for these kind of trades. You see the prie approaching the 35/50 like the example you posted. You think that the price will either bounce from 50 ema nor from 35. If you see that it takes only 1 or 2 bars with high momentum to touch the ema, then you expect quick reversal so I would take the 50ema touch. If you see that it takes more candles for the price to go there, you expect that price will maybe test both emas as well as the RN and then will reverse. So you wait for confirmation from lower TFs and this is what happened. Look at the M5...you see a nice doji-like bar and you have also double bottom in M15 so this is a nice signal that price will reverse.

I hope I helped a bit...