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CHOROS System

  • #15,061
  • Mar 1, 2020 7:35am Mar 1, 2020 7:35am
Thank for this thread.
I learned a lot from The Dance and PASR.
  • #15,062
  • Mar 1, 2020 9:21am Mar 1, 2020 9:21am
Quoting NameIsMethos
{quote} Hi iero, I know that these times are the inital rule. However Clay also that, it´s the rule he is least stringent about. the difficulty for me is, only trading the overlap would give me 3–4 hours of trading a day only. Due to meetings I won‘t be able to watch the market at that time every day which would seriously cut down my trading days per week/month. That‘s why I‘m also trying to trade markets when just one market of the currency pair is open. also many of Clay‘s screenshots and trade entries in the thread also don‘t comply with the...
I mean that one of the two markets has to be open...not necessarily both of them.
You are allowed to fall but you are imposed to get up!
  • #15,063
  • Mar 1, 2020 9:55am Mar 1, 2020 9:55am
I love Constrainment trades. They are powerful.
  • #15,064
  • Mar 2, 2020 1:48am Mar 2, 2020 1:48am
I knew I could get more pips from this one but I had to leave my pc...+31 is a good start for the week.

Happy trading to all of you guys.
Attached Image (click to enlarge)
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You are allowed to fall but you are imposed to get up!
  • #15,065
  • Mar 3, 2020 11:24am Mar 3, 2020 11:24am
Hi everyone,

I just wanted to thank you for all your comments and help so far. I spent a few hours in front of the simulator again and I'm slowly starting to get a feel for when to enter, when to stand aside and when to wait that the market shows it's hand. Still loosing more than I should, but also getting consistent results. Even though it's just the simulator it is a feat I never accomplished before in years of trying to trade. I feels amazing :-)

What is funny though, even in the simulator after a string of winning trades I become overconfident which subsequently leads to a smaller string of loosing Trades. Only after distancing myself for some time and doing other stuff, I "level" again to approach the charts with a clear mind. Trading psychology really is not to be underestimated. I also now understand the necessity for Clay's rules to only endure 5 succesful or 3 Losing Trades in a row. At least for me right now it feels that both can equally mess with your mind.

Just wanted to share my thanks with you guys :-) Looking forward to continue with The Dance and you people!
  • #15,066
  • Mar 3, 2020 11:52am Mar 3, 2020 11:52am
Quoting NameIsMethos
Hi everyone, I just wanted to thank you for all your comments and help so far. I spent a few hours in front of the simulator again and I'm slowly starting to get a feel for when to enter, when to stand aside and when to wait that the market shows it's hand. Still loosing more than I should, but also getting consistent results. Even though it's just the simulator it is a feat I never accomplished before in years of trying to trade. I feels amazing :-) What is funny though, even in the simulator after a string of winning trades I become overconfident...
Hi NameIsMethos,
in my opinion psychology is very important in trading.In fact you must not have any feelings when you have open trades.You must follow the rules 100% and choros will do the rest.
  • #15,067
  • Mar 3, 2020 12:29pm Mar 3, 2020 12:29pm
I am interested to know how many people
1)currently follow the dance on a daily basis and
2)how many people have been following the dance on a daily basis for longer than a 2 month period
  • #15,068
  • Mar 3, 2020 1:11pm Mar 3, 2020 1:11pm
Please click on the like thumb if you follow the dance
  • #15,069
  • Edited 7:14am Mar 4, 2020 5:04am | Edited 7:14am
Just took this
GBPUSD - 15 min chart, touch of 35/50 MA and confluence of Daily Pivot (I don't really use that normally, but it's nice to have the confluence I guess ) and RN

Very fast 20 pips (risked 10). I could probably have trailed parts of my TP, but I set SL/TP since I was not able to monitor the trader
Attached Image (click to enlarge)
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  • #15,070
  • Mar 4, 2020 7:07am Mar 4, 2020 7:07am
Ready for a H1 Scoop-Down trade in EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #15,071
  • Mar 4, 2020 7:39am Mar 4, 2020 7:39am
Hi Haydel. Do you sell at the red circle or do you wait for a possible retracement to the 10 ma in line with the circle?
  • #15,072
  • Mar 4, 2020 8:15am Mar 4, 2020 8:15am
Have a look at Usdchf Haydel. Thank you
  • #15,073
  • Mar 4, 2020 9:11am Mar 4, 2020 9:11am
Quoting Gragab
Hi Haydel. Do you sell at the red circle or do you wait for a possible retracement to the 10 ma in line with the circle?
My preference would be at the touch of the 10EMA in confluence with the 50EMA
  • #15,074
  • Mar 4, 2020 11:12am Mar 4, 2020 11:12am
Quoting Haydel
Ready for a H1 Scoop-Down trade in EURUSD. {image}
I'm already in the trade and with some small profit.
It will retrace again so I'm not moving to BE yet.
Right now my two options for this trade are a loss of around 50 pips or a win of around 100 pips targeting D1 10EMA.
It can take a couple of days to hit TP. Patience.

In the meanwhile Choros Setups to Short in Smaller Time Frames could be nice for a few 5 to 10 pips trades or to add more shorts.

We'll see.
  • #15,075
  • Mar 4, 2020 11:40am Mar 4, 2020 11:40am
Quoting NameIsMethos
Hey Marcel, nice trade! Glad to see, that The Dance also works on EURUSD! Also thanks to iero and birdland on your opinion concerning the trading and full-time job topic. I feared as much. Maybe I also need to re-evaluate how much time I work so I can invest more time into focused trading. I just entered another trade as well, this time on USDJPY and based on H4 and H1. Reasons for Entry: - Constrainment on H4 on EMA 10 - Small Constrainment on H1 on EMA 50 - P/A below round number which also acts as strong Resistance which is best shown on H1 Still...
Hi just a clarification question, is the short trade on on smaller time frame not against the bullish trend of D1 ?

Regards
  • #15,076
  • Mar 5, 2020 1:56am Mar 5, 2020 1:56am
Guys I need your help with a little problem I have with MT4. I have the candle countdown script and it is stuck to 00:31 in all time frames. I can't even delete it from the indicators list

Does anyone have any idea how can I fix that?
You are allowed to fall but you are imposed to get up!
  • #15,077
  • Mar 5, 2020 2:43am Mar 5, 2020 2:43am
Quoting iero4
Guys I need your help with a little problem I have with MT4. I have the candle countdown script and it is stuck to 00:31 in all time frames. I can't even delete it from the indicators list Does anyone have any idea how can I fix that?
Hi Iero.
I had the same..
I removed the indicator from template,
again safe template..
Then double click on the icon 00.31 what is still on the screen, delete it and safe tamplate new.

Hope. That helped
Guido
Risiko birgt immer auch die Chance.
  • #15,078
  • Mar 5, 2020 5:14am Mar 5, 2020 5:14am
Hi everyone,

just a quick question, it's a situation I run into often during the simulator and probably will in Live trading as well. in the attached chart there is constrainment as far as I can tell. In this case the Candles are not that small, but P/A moves downwards exactly at the EMA10.

However the entry is around a small support area as well as a round number. This will probably make it hard for P/A to push downwards despite the constrainment. Even if it does, it probably is good only for a few pips. Would you take a trade like this due to the constrainment or take a pass on this one?
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  • #15,079
  • Mar 5, 2020 5:46am Mar 5, 2020 5:46am
NameisMethos. The key is patience and waiting for the correct set ups. No one can tell you what’s right or wrong, it’s a personal thing. It’s better to risk on a trade which will give you a better return. As Jim Rogers says he waits for a scenario to set up where the trade is lying there.
  • #15,080
  • Mar 5, 2020 7:10am Mar 5, 2020 7:10am
Quoting Sesamstrasse
{quote} Hi Iero. I had the same.. I removed the indicator from template, again safe template.. Then double click on the icon 00.31 what is still on the screen, delete it and safe tamplate new. Hope. That helped Guido
Thank you my friend! I was afraid that I would recieve this answer

It is so boring to create the template again

Thanx!!!!
You are allowed to fall but you are imposed to get up!
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