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CHOROS System

  • #15,021
  • Feb 21, 2020 2:47am Feb 21, 2020 2:47am
Quoting tonny47
{quote} looks like 4th touch of ema 35/50 to me
Yes, true. I have always been a bit confused about this, how many touches of the 35/50 until you consider it being 'weak' or not a good setup?
  • #15,022
  • Feb 21, 2020 3:44am Feb 21, 2020 3:44am
Quoting mtruefx
{quote} Yes, true. I have always been a bit confused about this, how many touches of the 35/50 until you consider it being 'weak' or not a good setup?
first touch is ok, be more careful with the second one, third ignore
  • #15,023
  • Feb 21, 2020 4:04am Feb 21, 2020 4:04am
Tonny47 does this concept relate to the other time frames as well In terms of first touch of 35/50
  • #15,024
  • Feb 21, 2020 10:58am Feb 21, 2020 10:58am
Quoting Gragab
Tonny47 does this concept relate to the other time frames as well In terms of first touch of 35/50
Of course...you have to understand that exactly the same moves occur in all time frames.
You are allowed to fall but you are imposed to get up!
  • #15,025
  • Feb 21, 2020 9:47pm Feb 21, 2020 9:47pm
Thanks Iero4. If the money is in catching the trend and staying with the trend, then what reliable and consistent factors are there in the dance in showing
a) beginning of the trend
b) the end of the trend
c) the end of an existing trend and change of trend in a new direction
  • #15,026
  • Feb 22, 2020 3:26am Feb 22, 2020 3:26am
Quoting Gragab
Thanks Iero4. If the money is in catching the trend and staying with the trend, then what reliable and consistent factors are there in the dance in showing a) beginning of the trend b) the end of the trend c) the end of an existing trend and change of trend in a new direction
a) first touch of 10 email
b) S/R levels in confluence with price action bars and Pivot points etched.
c) Scoop up/down + cross and retest

I hope I helped (If I understood what you are asking )
You are allowed to fall but you are imposed to get up!
  • #15,027
  • Feb 22, 2020 4:33am Feb 22, 2020 4:33am
2 trades Friday:
1st trade GU, +9 pips, out due to trailing stop too tight(one bar trading), good for 30 pips.
2nd trade EU +51 pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU221.png Size: 36 KB
  • #15,028
  • Feb 22, 2020 5:56am Feb 22, 2020 5:56am
Thanks Iero4 you are very generous in your sharing of knowledge.
  • #15,029
  • Feb 24, 2020 6:17am Feb 24, 2020 6:17am
EUR/JPY H1 chart... I love these trades!
Attached Image (click to enlarge)
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You are allowed to fall but you are imposed to get up!
  • #15,030
  • Feb 24, 2020 7:37am Feb 24, 2020 7:37am
Quoting iero4
EUR/JPY H1 chart... I love these trades! {image}
do you pay attention to S/R levels? i would be too scared to short where you did, in my opinion there was quite strong support.
what key considerations did you make when taking this trade specifically (other than nice steep angle and touch of ema10?
  • #15,031
  • Feb 24, 2020 8:55am Feb 24, 2020 8:55am
Hi Tonny47 in my trading I do not pay attention to pivots and support and resistant lines currently, I follow the 3 moving averages, also I trade blindly on a chart using price movement only to enhance my learning to keep the charts as simple as possible. I would also have shorted where iero4 did, also it was taken in conjunction to Rn 500 and 550.
Obviously I am only a beginner in terms of my rxperience
  • #15,032
  • Feb 24, 2020 10:32am Feb 24, 2020 10:32am
Quoting tonny47
{quote} do you pay attention to S/R levels? i would be too scared to short where you did, in my opinion there was quite strong support. what key considerations did you make when taking this trade specifically (other than nice steep angle and touch of ema10?
S/R levels some time should break my friend

I had a very nice confluence there of M15 35/50 and H1 10 EMA as well as pivot point etc. It looked like H1 was starting a new trent. Moreover, I take under consideration only S/R levels from high TFs like H4 and H1 so for me it wasn't that strong support
You are allowed to fall but you are imposed to get up!
  • #15,033
  • Feb 25, 2020 1:37am Feb 25, 2020 1:37am
EUR/JPY cross and retest with very strong confluence. I ended up with +22 but I could have gained more if I had trailed my SL in better way.

Nice choros day though!
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You are allowed to fall but you are imposed to get up!
  • #15,034
  • Feb 25, 2020 11:20pm Feb 25, 2020 11:20pm
One of my first attempts to dance... I would be glad if someone would advise if what I did was correct.

- Trigger was constrainment on SMA35 on M15. Although EMA50 and SMA35 started to flatten out due to the constrainment, they still slope up
- Additionally there is a round number (120.000) which gives support
- Entry signal was the pin bar 2 bars ago - should have entered there but wasn't at the computer at that moment
- Additionally constrainment on H1 on SMA35

Regards,
Methos
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  • #15,035
  • Feb 25, 2020 11:47pm Feb 25, 2020 11:47pm
Quoting NameIsMethos
One of my first attempts to dance... I would be glad if someone would advise if what I did was correct. - Trigger was constrainment on SMA35 on M15. Although EMA50 and SMA35 started to flatten out due to the constrainment, they still slope up - Additionally there is a round number (120.000) which gives support - Entry signal was the pin bar 2 bars ago - should have entered there but wasn't at the computer at that moment - Additionally constrainment on H1 on SMA35 Regards, Methos {image}
what catches my eye: you are playing against the H1 trend. so its more risk. better risk when m15 and H1 are in sync with trend, same trend.
trading is like dancing, don't think and just listen to the music!
  • #15,036
  • Edited Feb 26, 2020 12:12am Feb 25, 2020 11:52pm | Edited Feb 26, 2020 12:12am
Quoting NameIsMethos
One of my first attempts to dance... I would be glad if someone would advise if what I did was correct. - Trigger was constrainment on SMA35 on M15. Although EMA50 and SMA35 started to flatten out due to the constrainment, they still slope up - Additionally there is a round number (120.000) which gives support - Entry signal was the pin bar 2 bars ago - should have entered there but wasn't at the computer at that moment - Additionally constrainment on H1 on SMA35 Regards, Methos {image}
Took the same trade. I see that H135/50 are not in downtrent but flat and are tending to slope up...my 1st target is at 120.28

EDIT: Took 16 pips
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You are allowed to fall but you are imposed to get up!
  • #15,037
  • Feb 26, 2020 1:43am Feb 26, 2020 1:43am
Hi iero, Hi birdland,

thanks for your responses! I took 11 pips out of it, I wasn't able to trail the SL because I was in meetings at my job. I worked with a TakeProfit which was triggered. This is something that I was meaning to ask you: Do you guys trade full time? Maybe you do now but how did you start out? Because from learning with the simulator as well as this trade it seems that The Dance demands a lot of attention for entry as well as Trade Management. How did/do you arrange trading the Dance while working full-time? I have a job where I have lots of opportunities to check the charts but for example in this specific case I talked to a client and coudn't manage anything other than with a SL and TP.

By the way: Eur/Jpy shows the exact same setup from before again. Constrainment on M15 on SMA35 as well as EMA50 with the round number as support. This time the slope of the MA's is distinctly upwards. As I just looked again, I possibly missed the entry as the price just rocketed away from the MA's... Which kind of underlines my perceived problem with trading this strategy while also working full-time
  • #15,038
  • Feb 26, 2020 2:05am Feb 26, 2020 2:05am
Quoting NameIsMethos
Hi iero, Hi birdland, thanks for your responses! I took 11 pips out of it, I wasn't able to trail the SL because I was in meetings at my job. I worked with a TakeProfit which was triggered. This is something that I was meaning to ask you: Do you guys trade full time? Maybe you do now but how did you start out? Because from learning with the simulator as well as this trade it seems that The Dance demands a lot of attention for entry as well as Trade Management. How did/do you arrange trading the Dance while working full-time? I have a job where I...
i was never working fulltime. i always had the plan to make a living from trading. so that means starting very small,
to live economically and slowly create a basis for yourself so that you can concentrate fully on trading.
in my opinion, it's impossible to have children during this time, nor to take out a loan for a house.
because you have to make clear decisions in your head, without financial pressure.
and also without pressure from your wife or girlfriend. if she doesn't get it, you have to separate.
next important thing is your mental AND physical health. i walk everyday for 1 hour or so.

you can make it with choros like kostas. i take choros and the many MAs as a orientation guide. it's too much to go into detail here.
so just keep at it! and much perseverance and patience i wish you.
trading is like dancing, don't think and just listen to the music!
  • #15,039
  • Feb 26, 2020 2:34am Feb 26, 2020 2:34am
Quoting NameIsMethos
Hi iero, Hi birdland, thanks for your responses! I took 11 pips out of it, I wasn't able to trail the SL because I was in meetings at my job. I worked with a TakeProfit which was triggered. This is something that I was meaning to ask you: Do you guys trade full time? Maybe you do now but how did you start out? Because from learning with the simulator as well as this trade it seems that The Dance demands a lot of attention for entry as well as Trade Management. How did/do you arrange trading the Dance while working full-time? I have a job where I...
Birdland said everything. Although I have a full time job so I am 8 hours in fornt of my pc. I also have wife and kids (thats not a problem at all )

I open my pc in the morning and analyze the market so I know where I will buy or sell. If you have many people disturbing you while you trade I think this is a big issue basically because you can't focus.
You are allowed to fall but you are imposed to get up!
  • #15,040
  • Feb 26, 2020 3:05am Feb 26, 2020 3:05am
Dead ended at 35 near RN exited at second rn
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