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CHOROS System

  • #15,261
  • Apr 10, 2020 4:48am Apr 10, 2020 4:48am
Quoting birdland
a lot of trades in the last three days (long gold, silver, dax, AN and short UC). i show the gold H1 35/50 trade which took three days to run, but it was good for +270 pips. and its a brilliant learning example. look at the rejections from 50ema (16 times!!). somebody was buying huge positions there: {image}
sir how do you determine long term bias?
  • #15,262
  • Apr 10, 2020 5:01am Apr 10, 2020 5:01am
There are no sirs on this site on people that are wanting to better themselves. All is discussed in this site.
  • #15,263
  • Apr 10, 2020 5:55am Apr 10, 2020 5:55am
someone uses the constraintment rule? please explain me about the angle,thanks.i know how to measure it but how to read the reading and when to take and avoid the trades,i read pdf but it was not that clear,too much of info,analysis paralysis.
  • #15,264
  • Apr 11, 2020 12:49am Apr 11, 2020 12:49am
T4Trade Sesamstrasse explains containment beautifully with a diagram. Look at his last few posts
  • #15,265
  • Apr 13, 2020 8:11am Apr 13, 2020 8:11am
my best trade today was again gold long m15,
it rejected the 50ema (mangenta arrows) and also the daily open (aquablue arrows). i like that!
later there was a nice 35/50 confluence, which was confirming my long trade.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15 13.4..png Size: 72 KB
trading is like dancing, don't think and just listen to the music!
  • #15,266
  • Apr 13, 2020 9:26am Apr 13, 2020 9:26am
Hello all,
today i took a trade on eurgbp h1- ema10 first touch after the pin bar had formed.The ema 10 was close to the h4 ema 10 (shown as red line).
I have started splitting my positions into parts with different tp levels when i trade on higher frames than m15.Last position is still running...
On m15 this would have been first 35/50 touch with a little late entry.
Attached Image (click to enlarge)
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whatever happens next....
  • #15,267
  • Apr 13, 2020 10:51am Apr 13, 2020 10:51am
Please can someone help me to understand one of the rules explained in the DANCE/CHOROS PRINCIPLES pdf?

For the entry as explained below does the 35/50 MA have to cross over to define the up or down side trend or just price above or below both MA's?

DANCE/CHOROS PRINCIPLES
The Dance follows trends. It defines a trend by the relationship of price to the 35SMA and the 50EMA. Price > 35 and 50 then uptrend. Price < 35 and 50 then downtrend.

Thanks
  • #15,268
  • Edited 1:54pm Apr 13, 2020 11:25am | Edited 1:54pm
Quoting jan.forex
Please can someone help me to understand one of the rules explained in the DANCE/CHOROS PRINCIPLES pdf? For the entry as explained below does the 35/50 MA have to cross over to define the up or down side trend or just price above or below both MA's? DANCE/CHOROS PRINCIPLES The Dance follows trends. It defines a trend by the relationship of price to the 35SMA and the 50EMA. Price > 35 and 50 then uptrend. Price < 35 and 50 then downtrend. Thanks
Hello Jan.
It is basicly how the candles dance with the Ma's.
What has a steep angled MA or a flat to say.
Above 35/50 is a buy setup and vice versa.


After reading this thread you ll be able to Spot AAA setups.
Good luck
Guido
Risiko birgt immer auch die Chance.
  • #15,269
  • Apr 13, 2020 10:48pm Apr 13, 2020 10:48pm
Quoting jan.forex
Please can someone help me to understand one of the rules explained in the DANCE/CHOROS PRINCIPLES pdf? For the entry as explained below does the 35/50 MA have to cross over to define the up or down side trend or just price above or below both MA's? DANCE/CHOROS PRINCIPLES The Dance follows trends. It defines a trend by the relationship of price to the 35SMA and the 50EMA. Price > 35 and 50 then uptrend. Price < 35 and 50 then downtrend. Thanks
what is the best and safest way to cross a street?
look at the traffic lights?
looking at the other pedestrians?
watch the police?
Well, I look left and right to see if a car is coming, that is the safest indicator. then i go.

the trend is always your best friend.

if the chart starts at the top right and ends at the bottom left, it is a short market.
if the chart starts at the bottom left and ends at the top right, it is a long market.
now you can cross the street with little risk.
trading is like dancing, don't think and just listen to the music!
  • #15,270
  • Apr 14, 2020 6:57am Apr 14, 2020 6:57am
my best trade today long US-nasdaq m15 35/50 confluence. look at the strength of the trend!
i know it will probably rise much more...but who cares.
there will be another day and my mind has to be free.
Attached Image (click to enlarge)
Click to Enlarge Name: USTECM15 14.4..png Size: 48 KB
trading is like dancing, don't think and just listen to the music!
  • #15,271
  • Apr 14, 2020 7:19am Apr 14, 2020 7:19am
EURGBP 1 hour chart. Perfect entry would have been 9 pips above directly at the touch of 35/50 with Daily pivot as confluence, but was not at the screen at that time. I noticed price was stepping down and decided to a enter anyway.
TP hit at RN +26 pips
Attached Image (click to enlarge)
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  • #15,272
  • Apr 14, 2020 8:00am Apr 14, 2020 8:00am
GBPUSD 15M Chart, my 2 trades for today.
Second trade I closed because I dont trade outside London session.
I'm always open to feedback :-).
Attached Image (click to enlarge)
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  • #15,273
  • Apr 14, 2020 9:07am Apr 14, 2020 9:07am
MTRUEFX we took exactly the same trade although I had a little bit better entry
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You are allowed to fall but you are imposed to get up!
  • #15,274
  • Apr 14, 2020 10:25am Apr 14, 2020 10:25am
Quoting jergijselaar
GBPUSD 15M Chart, my 2 trades for today. Second trade I closed because I dont trade outside London session. I'm always open to feedback :-). {image}

I did not take that one because it was the third touch, it did work out perfectly. Today it was an easy day.
I normally trade on the one minute chart but the principle is the same, wait for a trend and take the pullback.

Edit: I took the second touch
Attached Image (click to enlarge)
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  • #15,275
  • Apr 14, 2020 11:36am Apr 14, 2020 11:36am
Quoting iero4
MTRUEFX we took exactly the same trade although I had a little bit better entry {image}
Haha wouw, almost exactly the same .. entry/exit just a few pips away
  • #15,276
  • Apr 15, 2020 5:57am Apr 15, 2020 5:57am
First post on this thread!
Took this constraintment trade on the DAX 15m +90 pips
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  • #15,277
  • Apr 15, 2020 6:11am Apr 15, 2020 6:11am
USD/JPY M15 10EMA Touch in confluence with H1 Scoop up + Daily Pivot. 25 pips and I am out.
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You are allowed to fall but you are imposed to get up!
  • #15,278
  • Apr 15, 2020 9:12am Apr 15, 2020 9:12am
I just want to say that I am so happy for the participation and the quality posts in our thread !!!
Also impressed by the traders in here that really understand this approach, apply it successfully and take time to help others.

CONGRATS TO ALL, GREAT DANCING !!

Attached Image
  • #15,279
  • Apr 16, 2020 3:05pm Apr 16, 2020 3:05pm
Two GBPUSD SHORTS today at H4 10 EMA in confluence with H1 35/50 near Daily R1.

Closed the first one near Daily Pivot at +45 pips and immediately moved the second to BE+1.

The second hit the target at +86 pips that was set at a Demand Zone above 1.2400 RN.
Attached Image (click to enlarge)
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  • #15,280
  • Apr 17, 2020 6:55am Apr 17, 2020 6:55am
The keys to the dance

Dont get greedy
Always be patient
Wait for a trend
Follow one currency at a time
There are many good opportunities
Direction can change at any moment
Tame the ego, cut a loss early.
Theres always a reason for a move up or down
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