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CHOROS System

  • #15,101
  • Mar 12, 2020 8:11am Mar 12, 2020 8:11am
It's like Murphy's Law, when I make a call, the trade doesn't work, but when I say nothing, it works like a charm.
I was waiting for this H4 Scoop-Down, but I didn't call it.
It worked beautifully.
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  • #15,102
  • Mar 12, 2020 8:50am Mar 12, 2020 8:50am
Hi Haydel. Thanks for your post. I have followed a few of your trades. I have a question why do you take it at the cross of the 35 and 10 ma, rather than at the cross of the 50ma or even at the break of 1.12500 and retest?
I have learnt a lot from your past posts
  • #15,103
  • Mar 12, 2020 9:09am Mar 12, 2020 9:09am
EJ 1 hour chart. Very nice touch of 35 MA good for a lot of pips (so far+ 65 and counting)
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  • #15,104
  • Mar 12, 2020 10:16am Mar 12, 2020 10:16am
Quoting Haydel
It's like Murphy's Law, when I make a call, the trade doesn't work, but when I say nothing, it works like a charm. I was waiting for this H4 Scoop-Down, but I didn't call it. It worked beautifully. {image}
a call is influencing our decisionmaking, so i know that phenomenon very well.
trading is like dancing, don't think and just listen to the music!
  • #15,105
  • Mar 12, 2020 10:56am Mar 12, 2020 10:56am
Quoting Gragab
Hi Haydel. Thanks for your post. I have followed a few of your trades. I have a question why do you take it at the cross of the 35 and 10 ma, rather than at the cross of the 50ma or even at the break of 1.12500 and retest? I have learnt a lot from your past posts
With time, I've seen that both crosses work, nevertheless, when trading the 35 and 10 cross you have to know that price will bounce when it reaches the 50, so you can take profit or move to BE at the 50.

In the trade that I have currently open, I moved to BE+1 when price passed the 50, but as you can see in the attached picture here, that H4 Bar closed above the 50. I could have closed the trade there, but since the H1 Bar closed below 1.1250 RN I decided keep the trade open. At that stage the worst could have been to hit BE+1.

Currently this trade is giving me +180 pips.

Like a year ago, my trading was taking Choros Setups to get around 10 pips in every trade. Choros works perfectly for that, I can assure you, taking AAA Choros Setups can give you 10 pips almost always!!! So anyone that is patient and can control his emotions can be very profitable with Choros.

Currently my schedule does not allow me to keep watching Time frames below H1, so I watch W1 and D1 time frames to have an idea of when the market will turn, then I use the H4 or H1 to look for Scoops and other Choros Setups. I move to BE+1 when is reasonable but as soon as possible, then I let the trade run until the D1 time frame gives some hint that the market will turn. That is working really well form me for around a year.

Oh, and I'm trading only EU and GU, nothing more.

With this way of trading I'm getting: Many BE+1, some controlled losses and some huge wins.

Happy trading.
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  • #15,106
  • Mar 12, 2020 12:50pm Mar 12, 2020 12:50pm
Quoting Haydel
It's like Murphy's Law, when I make a call, the trade doesn't work, but when I say nothing, it works like a charm. I was waiting for this H4 Scoop-Down, but I didn't call it. It worked beautifully. {image}
Decided to close the trade at +216 pips!!!

That was crazy, 216 pips in one day!!! I don't know for others but for me it was more than enough for the week. It meant +11.8% account growth in one trade!!!

I decided to close the trade because of the red circle on the attached D1 chart, that High in the red circle is Resistance turned into Support. Also, price reached D1 50EMA and RN 1.1100 is right there as you can see. All of that is strong support for the first-time price reach that area.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #15,107
  • Mar 13, 2020 2:19am Mar 13, 2020 2:19am
Quoting Haydel
{quote} Decided to close the trade at +216 pips!!! That was crazy, 216 pips in one day!!!
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  • #15,108
  • Mar 13, 2020 2:31am Mar 13, 2020 2:31am
Well done. I see the amount of analyzing you put into all your charts, all well thought out. How many how’s of screen time do you have behind you?
  • #15,109
  • Mar 13, 2020 4:35am Mar 13, 2020 4:35am
EURGBP 15 min chart, I don't know if this is a perfect cross/retest trade by the rules, but this one looked tasty at the COB directly at the RN & 50 EMA. I had a late entry, but still managed to grab 20 pips
Attached Image (click to enlarge)
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  • #15,110
  • Mar 13, 2020 6:06am Mar 13, 2020 6:06am
Quoting kostas1
{quote} {image}
  • #15,111
  • Mar 13, 2020 7:29am Mar 13, 2020 7:29am
Quoting Gragab
Well done. I see the amount of analyzing you put into all your charts, all well thought out. How many how’s of screen time do you have behind you?
I don't trade fulltime. My main occupation is Computer Systems Administration. I trade in my Windows 10 tablet that I put on a side of my Desk. I look at the EU and GU charts once every hour or so. I follow the open trades in my Cellphone if I'm not around my tablet. I have been doing that for eleven years. I'm still learning.
  • #15,112
  • Mar 13, 2020 10:22am Mar 13, 2020 10:22am
Wow Haydel,

congrats! That makes more than up for the 50 Pip loss a few days ago. 11,8% account growth with one trade is outstanding! I'm really happy for you :-)

Also I have a question for you guys: Does it happen to you, where there are nearly no choros trades on a specific forex pair for days and sometimes even weeks? I'm currently trading GBP/USD June and July of 2018. These months really make me crazy! P&A moves so erratic and ignores MA's so often, that even if there is a good setup it's hard to pull the trigger.

My question is: Are there weeks or even months where you specifically ignore a certain currency pair until it gets more reliable again?
  • #15,113
  • Mar 13, 2020 12:27pm Mar 13, 2020 12:27pm
my trade today long EG on H1 timeframe was nearly good for +100 pips:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #15,114
  • Mar 14, 2020 5:25am Mar 14, 2020 5:25am
NameisMethos. There are many trades on a daily basis. I watch Gbpusd,Eurusd,Audusd,nzdusd,cadusd and Swiss franc on a daily basis and wait for the best set ups. One needs to be patient. I do not follow one or two pairs like most of the other traders, however next week I will try to stick to one pair and compare my results.
  • #15,115
  • Mar 16, 2020 2:36pm Mar 16, 2020 2:36pm
Quoting Haydel
{quote} Decided to close the trade at +216 pips!!! That was crazy, 216 pips in one day!!! I don't know for others but for me it was more than enough for the week. It meant +11.8% account growth in one trade!!! I decided to close the trade because of the red circle on the attached D1 chart, that High in the red circle is Resistance turned into Support. Also, price reached D1 50EMA and RN 1.1100 is right there as you can see. All of that is strong support for the first-time price reach that area. {image}

Well done Haydel!!!Good job!!!!Keep winning!!!!
  • #15,116
  • Mar 17, 2020 5:37am Mar 17, 2020 5:37am
It’s definitely better to give ones total attention to one currency pair when being traded, however one can trade any currency pair that one is comfortable with, the Gbpusd is the most volatile.
  • #15,117
  • Mar 17, 2020 9:07am Mar 17, 2020 9:07am
Not a lot of setups for me last couple of weeks, market being very over-extended, but caught this 35 touch on NZDUSD (15 min chart), it was not picture perfect as it took a lot of bars to get there, but had the RN as confluence.
Exit at 36 pips (more than 1:2 RR)
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  • #15,118
  • Mar 17, 2020 10:47am Mar 17, 2020 10:47am
There are an abundance of set ups on all currency pairs. There are many set ups during the day
  • #15,119
  • Mar 17, 2020 12:38pm Mar 17, 2020 12:38pm
Quoting mtruefx
Not a lot of setups for me last couple of weeks, market being very over-extended, but caught this 35 touch on NZDUSD (15 min chart), it was not picture perfect as it took a lot of bars to get there, but had the RN as confluence. Exit at 36 pips (more than 1:2 RR) {image}
i shorted the same pair;-)
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 57 KB
trading is like dancing, don't think and just listen to the music!
  • #15,120
  • Mar 17, 2020 9:28pm Mar 17, 2020 9:28pm
I'm waiting to SELL EURUSD at the red circle, H1 35/50 a level that seems to be support turned into resistance. We'll see.
Attached Image (click to enlarge)
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