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CHOROS System

  • #15,301
  • Apr 22, 2020 1:32pm Apr 22, 2020 1:32pm
Hi Iero4 I took the same usdgbp H1 trade as a touch trade. I normally do not trade at this time though
  • #15,302
  • Apr 22, 2020 2:11pm Apr 22, 2020 2:11pm
Hi iero,

thanks for your opinion concerning the consolidation. I was meaning to ask you: What kind of indicator do you use for your EMA10, so that it's coloured in blue/yellow/red depening on the slope? It looks quit handy. Also what was your entry rational for the GBP/USD trade? I assume rejection of EMA50 in confluence with a clear break of the round number? if yes, woudn't a late entry like that put your SL above the high two candles below your entry (that would be a pretty high SL) or did you take the RN als SL? This certainly looks like a more advanced Dance trade to me, I personally woudn't have dared to take :-D
  • #15,303
  • Apr 22, 2020 3:41pm Apr 22, 2020 3:41pm
Quoting NameIsMethos
{quote} ...Does this mean in slow weeks and consolidation plays the correct thing is to stay aside even if it lasts a week or longer? ...
That is what I usually do (Or at least fight with myself to do). I stay asaid watching the Daily chart. When the daily reaches a clear Suport/Resistance or Supply/Demand area and right there forms a beautiful Pin bar or an Engulfing bar, then i'm back in busines.

That is just playing safe and it worked for me really well.

You can get many small (or big) loses during consolidation periods and then, after that period you recover all your loses in one or two perfect Choros trades.
It's a lot better to just patiently wait, even for more than a week if necesary, for the right trades and have mostly winners.

Another option would be to trade in 1M or 5M during consolidations periods, getting around 5 pips in every trade, but I prefer to aviod that stress.
  • #15,304
  • Apr 22, 2020 3:51pm Apr 22, 2020 3:51pm
Quoting NameIsMethos
Hi iero, thanks for your opinion concerning the consolidation. I was meaning to ask you: What kind of indicator do you use for your EMA10, so that it's coloured in blue/yellow/red depening on the slope? It looks quit handy. Also what was your entry rational for the GBP/USD trade? I assume rejection of EMA50 in confluence with a clear break of the round number? if yes, woudn't a late entry like that put your SL above the high two candles below your entry (that would be a pretty high SL) or did you take the RN als SL? This certainly looks like a more...
There is a script about the 10ema colours that indeed depend on the slope. You assumed correct about the entry. I was very sure about that trade that it would go south so I took it and my stop loss was at RN. It is actually a more advanced trade based in my experience and many hours of screen watching
You are allowed to fall but you are imposed to get up!
  • #15,305
  • Apr 23, 2020 12:46am Apr 23, 2020 12:46am
Quoting NameIsMethos
Hi iero, thanks for your opinion concerning the consolidation. I was meaning to ask you: What kind of indicator do you use for your EMA10, so that it's coloured in blue/yellow/red depening on the slope? It looks quit handy. Also what was your entry rational for the GBP/USD trade? I assume rejection of EMA50 in confluence with a clear break of the round number? if yes, woudn't a late entry like that put your SL above the high two candles below your entry (that would be a pretty high SL) or did you take the RN als SL? This certainly looks like a more...
Look in attachments of this thread for "MA_In_Color"
  • #15,306
  • Apr 23, 2020 4:00am Apr 23, 2020 4:00am
waiting, waiting, waiting for a strong trend is the key. just closed goldtrade with +150

and most important is that after a series of winning trades, you think you know how it works. belive me, you know nothing!!! keep that in mind with a lot of humility.
trading is like dancing, don't think and just listen to the music!
  • #15,307
  • Apr 23, 2020 5:07am Apr 23, 2020 5:07am
how did it end? statement?
  • #15,308
  • Apr 24, 2020 7:13pm Apr 24, 2020 7:13pm
Quoting kostas1
Hi all, CHOROS (pronounced ho-roh-sh) means Dance in Greek. Since that's where I am from, I thought I could use this as a name since anything else could be considered dangerous. My name doesn't start from "e" which is also considered dangerous in FF. Anyway, I am posting this just to have a home for those who want to continue discussing the Dance strategy which has been moved by the admins. My experience with the strategy is very positive so far and I will continue trading this way since it has changed my results dramatically. Original rules here:...


Hello hon. Kosta1 do you have any current super working MT4 strategy / forex idea for 2020 ? , will be very glad for your reply. thanks dear .
  • #15,309
  • Apr 25, 2020 12:59pm Apr 25, 2020 12:59pm
Hi Kostas1 has trading changed at all over the last 10 years with technology, algorithm trading and artificial intelligence. Has the dance stood up to the change in the market over time?
  • #15,310
  • Apr 26, 2020 2:05am Apr 26, 2020 2:05am
Quoting Gragab
Hi Kostas1 has trading changed at all over the last 10 years with technology, algorithm trading and artificial intelligence. Has the dance stood up to the change in the market over time?
In general, I think it behaves less erratically. 10yrs ago with the kind of news we get these days, there would be black swan events every other week. But now many times you see flat action with important news.... These observations are for EU, GU only. I don't spend much time with other currencies.
  • #15,311
  • Apr 26, 2020 2:05am Apr 26, 2020 2:05am
Quoting manaseh
{quote} Hello hon. Kosta1 do you have any current super working MT4 strategy / forex idea for 2020 ? , will be very glad for your reply. thanks dear .
Huh?????
  • #15,312
  • Apr 26, 2020 3:28am Apr 26, 2020 3:28am
I was reading Al Brooks Trading price action trends. He states the market is efficient and this is why the same patterns unfold in all time frames. Price action is a function of human behavior and until we evolve, it will remain unchanged. Technology advancements have made the charts smoother because it’s unemotional. Al Brooks claims that’s price action has been unchanged for the 80 years of charts that he has reviewed. So it falls in line with what you have said Kostas1
  • #15,313
  • Apr 27, 2020 2:34am Apr 27, 2020 2:34am
Hi Kosta,
First let me say thanks for sharing everything. I went through original post and docs, also was reading original post from Clay. (Hope he rests in piece). I liked moving averages but couldn't come up with good strategy. Tried many other things, but this strategy feels so good and so fitting my style. Will be here time to time posting some trades. Still trying to perfect my trading. Lets see how it goes. Just a small trade today, entered little too early but still in a good place
CHFJPY H1 showed rejection and M15 show constraint, so pulled the trigger =)
Attached Image (click to enlarge)
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  • #15,314
  • Apr 27, 2020 10:06am Apr 27, 2020 10:06am
GBPUSD Scoop-Down

Already Shorted at the small circle and planning to SELL more at the other cirlce.
Attached Image (click to enlarge)
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  • #15,315
  • Apr 27, 2020 10:11am Apr 27, 2020 10:11am
a lot of good opportunities today,
+62 with GA short 35/50 touch trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15 27.4..png Size: 61 KB
trading is like dancing, don't think and just listen to the music!
  • #15,316
  • Apr 27, 2020 12:09pm Apr 27, 2020 12:09pm
Quoting Haydel
GBPUSD Scoop-Down Already Shorted at the small circle and planning to SELL more at the other cirlce. {image}
So funny...we took exactly the same trades...both of them
You are allowed to fall but you are imposed to get up!
  • #15,317
  • Apr 27, 2020 12:11pm Apr 27, 2020 12:11pm
Quoting taksistalo
Hi Kosta, First let me say thanks for sharing everything. I went through original post and docs, also was reading original post from Clay. (Hope he rests in piece). I liked moving averages but couldn't come up with good strategy. Tried many other things, but this strategy feels so good and so fitting my style. Will be here time to time posting some trades. Still trying to perfect my trading. Lets see how it goes. Just a small trade today, entered little too early but still in a good place CHFJPY H1 showed rejection and M15 show constraint, so pulled...
Welcome my Slovak friend
You are allowed to fall but you are imposed to get up!
  • #15,318
  • Apr 27, 2020 12:26pm Apr 27, 2020 12:26pm
Nice to have many Invisible friends at CHOROS thread
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  • #15,319
  • Apr 27, 2020 1:09pm Apr 27, 2020 1:09pm
Quoting iero4
{quote} Welcome my Slovak friend
Thanks =)
Really want to visit Greece, especially Athos mountain =)
  • #15,320
  • Apr 27, 2020 6:21pm Apr 27, 2020 6:21pm
[quote=taksistalo;12904083]{quote} Thanks =) Really want to visit Greece, especially Athos
I live very close

And my Slovak wife is delegatka for Hydrotour so you can have full service
You are allowed to fall but you are imposed to get up!
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