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CHOROS System

  • #15,521
  • Jun 24, 2020 10:55am Jun 24, 2020 10:55am
Taken on 5 minute chart
I was wondering how many people in this thread stick to specific trading hours and how many here simply take any entry shown?
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  • #15,522
  • Jun 25, 2020 7:03am Jun 25, 2020 7:03am
Quoting IvyLab
Taken on 5 minute chart I was wondering how many people in this thread stick to specific trading hours and how many here simply take any entry shown? {image}
I trade only specific hours. First 3 hours of London open and first 3 hours of New York open. I don't take any entry. Only those that I feel comfortable during these hours...
You are allowed to fall but you are imposed to get up!
  • #15,523
  • Jun 25, 2020 7:10am Jun 25, 2020 7:10am
Quoting NameIsMethos
Hey guys, you've a very interesting discussion right there. Although personally I woudn't get discouraged too much by what your friend said iero. Surely it's interesting to hear that side of the story and he isprobably right in terms of we won't make billions with this strategy as maybe he strives to. However if you refer to Clays document "Learning to Dance - My Story" - now that is something inspiring and something to live by! It's optimistic, it's encouraging and simply put it makes you believe that's it's possible to become a very successful...
Since covid 19 and from now on until we return to normality, I think markets will be more difficult to trade. For this reason I try to take only solid entries. I try to have as much confluence as possible and widen a little bit more my SL. But this is only me...maybe Kostas can provide better advise. Or we can send him messages when we open a position to open the same and move the market in our favour with his LOT size
You are allowed to fall but you are imposed to get up!
  • #15,524
  • Jun 25, 2020 7:36am Jun 25, 2020 7:36am
Quoting txhdeve
Today's trade AU which 2 bars pull back and touch M15 35/50 And exit with 5 pips and 10 pips. {image}
what is this Dance EA on your chart,plz share,thanks
  • #15,525
  • Jun 25, 2020 7:37am Jun 25, 2020 7:37am
Quoting T4Trade
{quote} what is this Dance EA on your chart,plz share,thanks
is anyone using retrace robot for trading?
  • #15,526
  • Jun 25, 2020 9:32am Jun 25, 2020 9:32am
Quoting T4Trade
{quote} is anyone using retrace robot for trading?
Yes, all written in the past, please do your work and read what is already written-

You asked this already last week..

After reading this thread youŽll be able to spot AAA setups and how to use the tools on this thread.


regards--
Risiko birgt immer auch die Chance.
  • #15,527
  • Jun 25, 2020 12:00pm Jun 25, 2020 12:00pm
Question on dealing with ranging/consolidating pairs - how do you deal with when to exit? I've gotten pretty good at trailing my stops when I get a breakout, but most of my losses are coming from when we're entering consolidation and I'm not exiting soon enough. I try to stick with 15M TF for entries and exits, but that doesn't seem to work for me because the exits appear to happen so fast. Do you find that switching to a lower time frame works better, or just a different strategy overall on setting TP?
  • #15,528
  • Jun 25, 2020 12:03pm Jun 25, 2020 12:03pm
Quoting jpbforex;13026987[SIZE=4
]Question on dealing with ranging/consolidating pairs - how do you dea[/size]l with when to exit? I've gotten pretty good at trailing my stops when I get a breakout, but most of my losses are coming from when we're entering consolidation and I'm not exiting soon enough. I try to stick with 15M TF for entries and exits, but that doesn't seem to work for me because the exits appear to happen so fast. Do you find that switching to a lower time frame works better, or just a different strategy overall on setting TP?

Skip them, look for a trending instrument, steep angles-- first touches are the safest ones-- keeps you in profit.

If the conditions are not given, it makes no sense..
Risiko birgt immer auch die Chance.
  • #15,529
  • Jun 25, 2020 12:31pm Jun 25, 2020 12:31pm
Quoting Sesamstrasse
{quote} Skip them, look for a trending instrument, steep angles-- first touches are the safest ones-- keeps you in profit. If the conditions are not given, it makes no sense..
What if you have something like a solid trend on the 1H and consolidation on the 15M? Are you anticipating the breakout in alignment with the 1H trend or are you waiting for the actual breakout to occur?
  • #15,530
  • Jun 25, 2020 12:47pm Jun 25, 2020 12:47pm
Quoting jpbforex
{quote} What if you have something like a solid trend on the 1H and consolidation on the 15M? Are you anticipating the breakout in alignment with the 1H trend or are you waiting for the actual breakout to occur?
Look, Dancing/Choros is a well working "strategy/how to do/guideline" in trending markets.
It is really up to you what you do with your time and account--

If one of the "old guard"like Haydel, Endroute, Kostas, Eiero or some others give you a qualified answer to a very specific question, IŽd rather listen and try to take their help.

Nothing changed since my post the last hour
"If the conditions are not given, it makes no sense.."

Trade well.
Guido
Risiko birgt immer auch die Chance.
  • #15,531
  • Jun 25, 2020 12:52pm Jun 25, 2020 12:52pm
Quoting Sesamstrasse
{quote} Look, Dancing/Choros is a well working "strategy/how to do/guideline" in trending markets. It is really up to you what you do with your time and account-- If one of the "old guard"like Haydel, Endroute, Kostas, Eiero or some others give you a qualified answer to a ery specific question, IŽd rather listen and try to take their help. Nothing changed since my post the last hour "If the conditions are not given, it makes no sense.." Trade well. Guido
Not sure if you're taking offense to my questioning, but I'm simply trying to learn as much as possible about this system. I've spent the last 4 weeks pouring over the training manual, trade examples, forum, and anything else I can. This is the first system I have found in 2 years that I have truly been able to understand, have been able to follow the rules of the system, and started to actually be successful with it. You know as well as I do that even within the confines of the system rules, there are a number of different situations that can arise, and I'm trying to understand how to properly trade them (or not trade them as the case may be). You state that the system is built to work off of trending markets, which I agree with. I'm trying to understand if the trend needs to show on multiple time frames to truly be trending or if the larger time frame will suffice to show the trend with the lower time frame showing you the entry/exit signal. Maybe I answered my own question, but I am simply looking for an intellectual discussion.
  • #15,532
  • Edited 1:41pm Jun 25, 2020 12:54pm | Edited 1:41pm
Quoting jpbforex
{quote} Not sure if you're taking offense to my questioning, but I'm simply trying to learn as much as possible about this system. I've spent the last 4 weeks pouring over the training manual, trade examples, forum, and anything else I can. This is the first system I have found in 2 years that I have truly been able to understand, have been able to follow the rules of the system, and started to actually be successful with it. You know as well as I do that even within the confines of the system rules, there are a number of different...
Nope, not spezcially to you..
...more adressed to all newbies, who ask "the same"questions that got answered.
Some of them over and over again..

So--now you know how to handle it--

Trade well.
Risiko birgt immer auch die Chance.
  • #15,533
  • Jun 25, 2020 12:59pm Jun 25, 2020 12:59pm
Quoting Sesamstrasse
{quote} Nope, not spezially to you.. ...more adressed to all newbies, who ask "the same"questions that got answered. Some of them over and over again.. So--now you know how to handle it-- Trade well.
Well if the question had already been asked then I apologize, I had not seen that particular question on exits or TPs.
  • #15,534
  • Jun 25, 2020 2:09pm Jun 25, 2020 2:09pm
Quoting jpbforex
{quote} What if you have something like a solid trend on the 1H and consolidation on the 15M? Are you anticipating the breakout in alignment with the 1H trend or are you waiting for the actual breakout to occur?
My poor opinion...choros is based in price action along with few statistical tools which help us to take a decision with the highest probability for a trade. When you see a solid trend in H1 but you can't get a signal in M15 because of consolidation or any other reason, you have lower probabilities for your trade and for sure if you get in the trade using signal from H1 you need higher SL. But if you still want to open a position, try to use M5 (let's say 35/50 touch) but with price action confirmation such as doji bar, double top/bottom, inside/outside bar or some kind of constrainment...but whatever you choose to do remember to have the probabilities with your side.
You are allowed to fall but you are imposed to get up!
  • #15,535
  • Jun 25, 2020 5:33pm Jun 25, 2020 5:33pm
Quoting iero4
{quote} My poor opinion...choros is based in price action along with few statistical tools which help us to take a decision with the highest probability for a trade. When you see a solid trend in H1 but you can't get a signal in M15 because of consolidation or any other reason, you have lower probabilities for your trade and for sure if you get in the trade using signal from H1 you need higher SL. But if you still want to open a position, try to use M5 (let's say 35/50 touch) but with price action confirmation such as doji bar, double top/bottom,...
Thank you iero4, that was exactly what I was looking for, I really appreciate the input.
  • #15,536
  • Edited 9:26pm Jun 25, 2020 9:13pm | Edited 9:26pm
Quoting Sesamstrasse
{quote} Yes, all written in the past, please do your work and read what is already written- You asked this already last week.. After reading this thread youŽll be able to spot AAA setups and how to use the tools on this thread. regards--
thanks i found AAA setup posts and got good info,are u using Dance EA,i couldnt find Dance EA in tool area.In my experince this retrace robot doesnt give arrow on first touch of PA to 10 or 35 or 50SMA, does this retrace robot need modifications or input?i love the idea but unfortunately im not a coder.

I have noticed that this system and beast super signal goes togather very well,in any time frame,beast super signal appears on first retracemnt on 10 sma on 4h and on 1h beast appears on 35 sma first retrace or touch.
  • #15,537
  • Jun 26, 2020 5:12am Jun 26, 2020 5:12am
35/50 m15 short GU +17
in confluence with
a) DO line
b) 50% fibo
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #15,538
  • Edited 6:39am Jun 26, 2020 5:56am | Edited 6:39am
Quoting T4Trade
{quote} thanks i found AAA setup posts and got good info,are u using Dance EA,i couldnt find Dance EA in tool area.In my experince this retrace robot doesnt give arrow on first touch of PA to 10 or 35 or 50SMA, does this retrace robot need modifications or input?i love the idea but unfortunately im not a coder. I have noticed that this system and beast super signal goes togather very well,in any time frame,beast super signal appears on first retracemnt on 10 sma on 4h and on 1h beast appears on 35 sma first retrace or touch.
hi.
As I understand you correctly you asked about the retrace bot, what I use.

https://www.forexfactory.com/showthr...0#post13026400




How do I use it? :
https://www.forexfactory.com/showthr...4#post11404174
https://www.forexfactory.com/showthr...58#post7344858
https://www.forexfactory.com/showthr...4#post11404174
https://www.forexfactory.com/showthr...72#post7413572


Who made it?? ARHA-- thx again...

And it works for me when you know how to use it-- as a managing tool!! Not as a standalone bot, they never work!

PS:
This was NOT a AAA Setup, just for checking if the bot does what it should do!!

Regards
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Risiko birgt immer auch die Chance.
  • #15,539
  • Edited 9:23am Jun 26, 2020 8:34am | Edited 9:23am
Just entered on a touch of the 35/50 MA on the EJ 1H, let's see how it goes.

**UPDATE** Closed out at 13 pips. Saw it rejecting at the RN and with it being a previous support on this TF I took the win.
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  • #15,540
  • Jun 26, 2020 8:36am Jun 26, 2020 8:36am
Quoting jpbforex
Just entered on a touch of the 35/50 MA on the EJ 1H, let's see how it goes. {image}
3 pips spread?? LARGE
Risiko birgt immer auch die Chance.
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