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CHOROS System

  • #15,421
  • Jun 4, 2020 4:18am Jun 4, 2020 4:18am
Quoting SlapShot
{quote} Awesome, i saw it but did not trade it. Where did you get in? I am just beginning with demo and was just not sure because of the resistance in M15 ahead. But obviously i was wrong
I am not trading these days as I am out of my office but I would have entered at 1.2540
You are allowed to fall but you are imposed to get up!
  • #15,422
  • Jun 4, 2020 5:39am Jun 4, 2020 5:39am
Quoting iero4
Look at the beauty that has formed in GU H1!!!
I just got in on the retest of the 50. I'm also keeping a very close eye on EJ, as the 1H is still in an upward trend but the 15M is is down and it is at a heavy 1D resistance level.
  • #15,423
  • Jun 4, 2020 7:35am Jun 4, 2020 7:35am
Quoting jpbforex
{quote} I just got in on the retest of the 50. I'm also keeping a very close eye on EJ, as the 1H is still in an upward trend but the 15M is is down and it is at a heavy 1D resistance level.
Why did you choose the 50 and not the 35 there? I took the SMA35 and got stopped out.
I also took the touch of the SMA10 one hour earlier. That was at least BE.
  • #15,424
  • Jun 4, 2020 7:40am Jun 4, 2020 7:40am
Quoting SlapShot
{quote} Why did you choose the 50 and not the 35 there? I took the SMA35 and got stopped out. I also took the touch of the SMA10 one hour earlier. That was at least BE.
I got stopped out as well with the EU news but my SL was pretty tight since I knew it was coming up. I used the 50 just because that's where the previous resistance was and was hoping for a rejection. As of right now the PA pushed all the way up to the 35 and may possibly be bouncing in between so I'm staying out for now.
  • #15,425
  • Edited 2:23pm Jun 4, 2020 8:03am | Edited 2:23pm
Quoting SlapShot
{quote} Why did you choose the 50 and not the 35 there? I took the SMA35 and got stopped out. I also took the touch of the SMA10 one hour earlier. That was at least BE.
If the 35 Sma and the 50 Ema are tight together-- they are both well respected.
If they are a bit seperated, I´d look for a 50 Ema bounce--

Just my 2 cents--

Guido
Risiko birgt immer auch die Chance.
  • #15,426
  • Jun 4, 2020 9:02am Jun 4, 2020 9:02am
Nice to see you back Guido. I always enjoy learning from you.
  • #15,427
  • Jun 4, 2020 10:01am Jun 4, 2020 10:01am
Quoting Sesamstrasse
{quote} If the 35 Sma and the 50 Ema are tight together-- they are both well espected. If they are a bit seperated, I´d look for a 50 Ema bounce-- Just my 2 cents-- Guido
Thank You
  • #15,428
  • Jun 4, 2020 10:31am Jun 4, 2020 10:31am
Guys keep in mind that when you see a nice set up and we have some kind of important news ahead (After a couple of hours) always take quick profit. Most of the times the price will move in your direction for 20-30 pips (depends on the time frame) and then it will return where it was to wait for the news...it has to do with the traders' psychology.

Of course all the above is my observations and nothing more...
You are allowed to fall but you are imposed to get up!
  • #15,429
  • Jun 5, 2020 1:35am Jun 5, 2020 1:35am
Was that a valid entry on the touch of the SMA10 in GU15?
Or was it just luck. Even though i got out to early.
(Placed the stop under the RN and Resistance and got stopped out by 0,5 pips...)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-sma10-touch.png Size: 49 KB
  • #15,430
  • Edited 9:36am Jun 5, 2020 9:08am | Edited 9:36am
Even during big news, Choros works perfectly.

During big news, like today, I wouldn't trade M15 Setups, not even H1 Setups (usually), but when I see a H4 or D1 setup, I go for it.

This was an H4 10EMA touch, exactly at news time today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB


It happened fast, the news were at 8:30 AM (NY Time), price moved in less than 5 minutes to my entry point and moved in less than five minutes to my target. +25pips

This is the 1M Chart so you can see what happend.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 34 KB


Choros is very reliable at news times, but ONLY in Higher Time Frame Setups.
  • #15,431
  • Jun 5, 2020 10:29am Jun 5, 2020 10:29am
Has anyone had any problem with the candle/bar/spread indicator displaying this way? Anyone have a solution?
Attached Image
  • #15,432
  • Jun 5, 2020 12:53pm Jun 5, 2020 12:53pm
I´ve used a software (k2pdfopt) to fit the dance pdf in kindle and cell phones, just might help someone (pics are always better in the pc or printed)

https://www.dropbox.com/sh/cxed5ngfa...7WXH0v32a?dl=0

The pdf is to big for FF, no pun intended.

It will take awhite to upload
MTN
  • #15,433
  • Jun 9, 2020 8:37am Jun 9, 2020 8:37am
I'm seeing a first touch of the 10MA on the EJ Daily, I think this could be a good run upward.
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-06-09 093620.png Size: 58 KB
  • #15,434
  • Jun 10, 2020 2:37am Jun 10, 2020 2:37am
First trade of the day.
Got in on a EMA10-Touch on the M15 an Confluence with the High (S/R) from yesterday.
Closed manually after the pinbar closed on M15. +13 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_20200610_01.png Size: 54 KB
  • #15,435
  • Jun 10, 2020 6:02am Jun 10, 2020 6:02am
Quoting SlapShot
First trade of the day. Got in on a EMA10-Touch on the M15 an Confluence with the High (S/R) from yesterday. Closed manually after the pinbar closed on M15. +13 Pips. {image}
Few minutes before you had the MASTER SIGNAL (Constrainment) based in Price Action (Pin Bars constrained on EMA 10) which gave 40 pips. Re-read the manual carefully...read it as you are going to give exams. Keep notes and prepare your own check list for entering a trade. After few days read it again...you will see big differece in spotting the trades
You are allowed to fall but you are imposed to get up!
  • #15,436
  • Jun 10, 2020 6:05am Jun 10, 2020 6:05am
Quoting iero4
{quote} Few minutes before you had the MASTER SIGNAL (Constrainment) based in Price Action (Pin Bars constrained on EMA 10) which gave 40 pips. Re-read the manual carefully...read it as you are going to give exams. Keep notes and prepare your own check list for entering a trade. After few days read it again...you will see big differece in spotting the trades
Thank you. Yes i saw it but the constrainment happened to early for me. I was still sleeping
  • #15,437
  • Jun 10, 2020 10:41am Jun 10, 2020 10:41am
something unorthodox, it was a +14 pip trade from touch m30 35/50 confluence with a TL:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 51 KB
trading is like dancing, don't think and just listen to the music!
  • #15,438
  • Edited 2:24am Jun 11, 2020 2:13am | Edited 2:24am
i took this first touch GU 10EMA short trade and out at RN .50
because i had such a strong feeling about the trade i took 2 positions
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1511.6.choros.png Size: 55 KB
trading is like dancing, don't think and just listen to the music!
  • #15,439
  • Jun 12, 2020 9:17am Jun 12, 2020 9:17am
You wake up in the morning and you have few hours to trade so you open MT4 and see the price action marked with number 1. You think " nice constrainment forming here" so you take it and end up with +23. After that you wait and keep asking "what price action is trying to do or tell me"? Then you see the P/A in number 2. You take it and end up with +40 pips...

This swhat a normal dancer's day should be like

Have a good weekend
Attached Image (click to enlarge)
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You are allowed to fall but you are imposed to get up!
  • #15,440
  • Jun 15, 2020 12:20am Jun 15, 2020 12:20am
After long way , now back to Dance.

Here is USDCAD 35/50 constrain trade, supposed to get exit first order around first RN, but too scared, took small pips earlier. move to next one.
Attached Image
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