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CHOROS System

  • #15,441
  • Edited 1:23am Jun 15, 2020 12:27am | Edited 1:23am
Planning to trade UJ, how do you think, it is worth?

Update : Triggered. how far it can go or will lose it?, first target plan around RN.

Result: Quit : one +5pips, another one -9 pips, as I found it scoop up M5, so quit. not good entry. move to next one.
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  • #15,442
  • Jun 15, 2020 12:27am Jun 15, 2020 12:27am
Quoting txhdeve
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. {image}
Old mate is back !
How's it hangin'?
  • #15,443
  • Edited 12:44am Jun 15, 2020 12:32am | Edited 12:44am
Quoting kostas1
{quote} Old mate is back ! How's it hangin'?
Yes, back to dance, after long time frustrating, and found I have to follow clay and your dance rules to keep trade moving forward. Thanks so many years you and all dancers to keep this thread active, will keep learning from you and all dancers.
  • #15,444
  • Edited 6:01am Jun 15, 2020 4:46am | Edited 6:01am
Took this trade, as M15 EMA35/50 CONFLUENCE and close to Monthly Pivot, also there is nearly double bottom. so I got in, but how far it can go ? is it always a problem form me. (
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  • #15,445
  • Jun 15, 2020 5:10am Jun 15, 2020 5:10am
Quoting txhdeve
Took this trade, as M15 EMA35/50 CONFLUENCE and close to RN, also there is nearly double bottom. so I got in, but how far it can go ? is it always a problem form me. ( {image}
Hi Txhdeve.
Good to see you back.
Target points are the most difficult parts in trading.
Ask yourself: What is the most often reached distance as a target for this Instrument.
Does it still suit to your SL?
And how often do you reach your target then?

If you can answer this for yourself you'll be on the right side.

Always have a plan, even a worst case plan.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #15,446
  • Jun 15, 2020 5:48am Jun 15, 2020 5:48am
Quoting Sesamstrasse
{quote} Hi Txhdeve. Good to see you back. Target points are the most difficult parts in trading. Ask yourself: What is the most often reached distance as a target for this Instrument. Does it still suit to your SL? And how often do you reach your target then? If you can answer this for yourself you'll be on the right side. Always have a plan, even a worst case plan. Stay tuned Guido
Thanks for your kind word.

Will think about the answers for these questions.

Most of time, I give up my original plan during the market progressing, then my plan becomes true. I hate myself at that time , why can not insist my original plan.
  • #15,447
  • Jun 15, 2020 6:14am Jun 15, 2020 6:14am
The plan takes away the greed element and leads to consistency. One needs to have a starting point in order to work out an ending point.
  • #15,448
  • Jun 15, 2020 6:28am Jun 15, 2020 6:28am
Quoting Gragab
The plan takes away the greed element and leads to consistency. One needs to have a starting point in order to work out an ending point.
I am almost sure that behind our friend Gragab is actually Yoda himself.....

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  • #15,449
  • Jun 15, 2020 8:14am Jun 15, 2020 8:14am
Does it look right to trade as EMA35/50 constrain ?

first target plan to pervious residence, SL : -15 PIPS.
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  • #15,450
  • Jun 15, 2020 8:23am Jun 15, 2020 8:23am
Quoting txhdeve
Does it look right to trade as EMA35/50 constrain ? first target plan to pervious residence, SL : -15 PIPS. {image}
Common, fla MA´s.
Risiko birgt immer auch die Chance.
  • #15,451
  • Jun 15, 2020 8:58am Jun 15, 2020 8:58am
Quoting Sesamstrasse
{quote} Common, fla MA´s.
It is , when it was back, I went out with -2 pips.
  • #15,452
  • Jun 15, 2020 1:14pm Jun 15, 2020 1:14pm
Hello Everyone,

Good to see this thread is still going on.
Been here in the past, used for a while but added too much stuff to my charts.
And as Clay said, keep it simple.

I found the manual a few weeks ago and started reading it again. Having some more experience now, it looks like I understand more what Clay was saying.
Sure I have to get more experience with The Dance, but going to try it.

My trade for today 2 entries on Eur/Jpy

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And some other chart from another platform.
Same MA's but also now with HTF EMA (light green, Grey and dashed orange)
It also contains levels like Pivots CAM pivots and OHL.
Maybe too much for some people, but I use those levels for targets like the pivot

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  • #15,453
  • Edited 7:00pm Jun 15, 2020 6:37pm | Edited 7:00pm
First trade for today

10ema RN and one bar

Took 10pips and keep another one running

UPdate : get 14pips to exit another one. still don't know how far I can expect. too greedy or too scared or no plan??

Anyway ,waiting for next setup.
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  • #15,454
  • Jun 16, 2020 12:15am Jun 16, 2020 12:15am
Quoting txhdeve
First trade for today 10ema RN and one bar Took 10pips and keep another one running UPdate : get 14pips to exit another one. still don't know how far I can expect. too greedy or too scared or no plan?? Anyway ,waiting for next setup. {image}
Tip: Try to get 10-15 pips two times/per day and do this almost everyday. Do this only for good quality AAA trades, where the 35/50 are trending, do not rush into trades. If you can collect 20-30 pips often, then adjusting the risk will provide the account growth you need.
So for today I would consider that you are 50% done.
  • #15,455
  • Jun 16, 2020 12:17am Jun 16, 2020 12:17am
Quoting kostas1
{quote} Tip: Try to get 10-15 pips two times/per day and do this almost everyday. Do this only for good quality AAA trades, where the 35/50 are trending, do not rush into trades. If you can collect 20-30 pips often, then adjusting the risk will provide the account growth you need. So for today I would consider that you are 50% done.
i just wanted to write similar words to yours
2 minutes faster;-)
trading is like dancing, don't think and just listen to the music!
  • #15,456
  • Jun 16, 2020 12:19am Jun 16, 2020 12:19am
Quoting kostas1
{quote} Tip: Try to get 10-15 pips two times/per day and do this almost everyday. Do this only for good quality AAA trades, where the 35/50 are trending, do not rush into trades. If you can collect 20-30 pips often, then adjusting the risk will provide the account growth you need. So for today I would consider that you are 50% done.
How many AAA-Setups do we get per Day on average?
Right now i am in the simulator and Demo and i feel that i am overtrading.
Afterwards i usually see only 0 to 3 AAA-Setups per day. Is that right?
Of course we can stretch this with the advanced stuff.
  • #15,457
  • Jun 16, 2020 1:06am Jun 16, 2020 1:06am
Quoting SlapShot
{quote} How many AAA-Setups do we get per Day on average? Right now i am in the simulator and Demo and i feel that i am overtrading. Afterwards i usually see only 0 to 3 AAA-Setups per day. Is that right? Of course we can stretch this with the advanced stuff.
It depends on how many pairs you watch. I watch GU, EU, rarely EJ. In normal days (not holidays) at least one trade will appear in London or early NY time.
  • #15,458
  • Jun 16, 2020 1:40am Jun 16, 2020 1:40am
Quoting kostas1
{quote} It depends on how many pairs you watch. I watch GU, EU, rarely EJ. In normal days (not holidays) at least one trade will appear in London or early NY time.
Thank you. Right now i am focussing on GU.
I can add other pairs later. So it is more like 1 to 3 setups per week on only one pair.
  • #15,459
  • Jun 16, 2020 1:55am Jun 16, 2020 1:55am
Quoting SlapShot
{quote} Thank you. Right now i am focussing on GU. I can add other pairs later. So it is more like 1 to 3 setups per week on only one pair.
Statistically yes, but it is not normal distribution. Sometimes you may get 3-5 trades per pair in one day, sometimes 0.....
  • #15,460
  • Jun 16, 2020 2:01am Jun 16, 2020 2:01am
Quoting kostas1
{quote} Tip: Try to get 10-15 pips two times/per day and do this almost everyday. Do this only for good quality AAA trades, where the 35/50 are trending, do not rush into trades. If you can collect 20-30 pips often, then adjusting the risk will provide the account growth you need. So for today I would consider that you are 50% done.

Thanks mate, sometime I am too rush to jump into , I should find AAA trade to do it other time should be patient.
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