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CHOROS System

  • #15,581
  • Jul 2, 2020 7:57am Jul 2, 2020 7:57am
Quoting kostas1
{quote} I would for a scalp but NOT today !!!! My experience during NFP is that the higher TFs react best but I usually do NOT trade during such events. If you are brave enough check the confluence of H4 200, H4 10, H1 35/50, RN 1.2450, DP. It could bounce there for a nice upwards move.
Let's assume today was not a NFP day. Where would have you entered?
Below there are M15 and M5.
I numbered the bars to have an easy reference.
Also Stop loss/target and management would be great to have.

I think an ok place could be M5 bar 5 or 7.
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  • #15,582
  • Jul 2, 2020 9:21am Jul 2, 2020 9:21am
There is no signal for me today in GU. NFP days are day off days to play with kids and wife
You are allowed to fall but you are imposed to get up!
  • #15,583
  • Jul 2, 2020 10:25am Jul 2, 2020 10:25am
The best entry would have been at the level which you suggested and the Rn 1.25, however there are a few other points one could have entered on for a profit.
  • #15,584
  • Jul 6, 2020 5:03am Jul 6, 2020 5:03am
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  • #15,585
  • Jul 6, 2020 5:09am Jul 6, 2020 5:09am
Quoting Hugo55
{image}
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  • #15,586
  • Jul 6, 2020 5:16am Jul 6, 2020 5:16am
Quoting Hugo55
{quote} {image}
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Risiko birgt immer auch die Chance.
  • #15,587
  • Jul 6, 2020 5:19am Jul 6, 2020 5:19am
Quoting Hugo55
{quote} {image}
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  • #15,588
  • Jul 6, 2020 5:24am Jul 6, 2020 5:24am
Quoting Sesamstrasse
{quote} {image}
Agree, but not big risk, it all depends on the big no, if we don't break it I'm out.
  • #15,589
  • Jul 6, 2020 5:55am Jul 6, 2020 5:55am
Quoting Hugo55
{quote} Agree, but not big risk, it all depends on the big no, if we don't break it I'm out.
Got stopped, still +9

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  • #15,590
  • Jul 6, 2020 6:43am Jul 6, 2020 6:43am
Quoting Hugo55
{quote} Got stopped, still +9 {image}
Wow, just got back from a walk. Should have left the stop and my target would have been hit.
Next time
  • #15,591
  • Edited 8:29am Jul 6, 2020 8:00am | Edited 8:29am
EJ EMA 50 bounce trade, +29 pips.
Edit: I was so confident about this trade, so given 30 pips SL, asked 38 pips TP (1 pip missed), manual exited after broke the low of M15 bar.
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  • #15,592
  • Jul 6, 2020 8:14am Jul 6, 2020 8:14am
Quoting larryw
EJ EMA 50 bounce trade, +29 pips. {image}
Well done!
  • #15,593
  • Jul 6, 2020 10:00am Jul 6, 2020 10:00am
This strategy is amazing... random day +40 pipis... was it always so easy and fun..? :O
  • #15,594
  • Jul 6, 2020 10:39am Jul 6, 2020 10:39am
Quoting mrous
This strategy is amazing... random day +40 pipis... was it always so easy and fun..? :O
yes! so far we are all swimming in money;-)
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trading is like dancing, don't think and just listen to the music!
  • #15,595
  • Jul 6, 2020 10:50am Jul 6, 2020 10:50am
Well to be honest with you, I am pretty amazed by that, I am reading the original manual form Clay, which was created 10 years ago, and today price is doing exactly the same stuff. It looks like a solid strategy. So if I may kindly ask, cos I have little experience with this strategy, how big win rate do you have with this strategy? Or how often do you have losing day? I am asking cos I seriously want to invest my time into mastering this strategy and till now I was blinded so many time by short term results ( one - three months wining then loosing) with other strategies.

Cheers.

P.S I missed this trade, because i was doing smth in the kitchen -_-
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  • #15,596
  • Jul 6, 2020 11:17am Jul 6, 2020 11:17am
Another one...

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  • #15,597
  • Jul 6, 2020 2:14pm Jul 6, 2020 2:14pm
Quoting mrous
Well to be honest with you, I am pretty amazed by that, I am reading the original manual form Clay, which was created 10 years ago, and today price is doing exactly the same stuff. It looks like a solid strategy. So if I may kindly ask, cos I have little experience with this strategy, how big win rate do you have with this strategy? Or how often do you have losing day? I am asking cos I seriously want to invest my time into mastering this strategy and till now I was blinded so many time by short term results ( one - three months wining then loosing)...
Welcome my friend...First of all read the thread...you will find all the answers...
You are allowed to fall but you are imposed to get up!
  • #15,598
  • Jul 7, 2020 2:03am Jul 7, 2020 2:03am
Fascinating ...
Reason: In confluence with M30.

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  • #15,599
  • Jul 7, 2020 3:47am Jul 7, 2020 3:47am
Quoting mrous
Fascinating ... Reason: In confluence with M30. {image}
Hi.
The Ma's are almost flat.
Choros/the dance is unbeatable in trending markets.
Flat markets/sideways are better to skip.
Those trades lead to 50/50 and less in the long term.

After reading this thread you'll be able to spot AAA setups and know how to trade them.

Guido
Risiko birgt immer auch die Chance.
  • #15,600
  • Jul 7, 2020 4:02am Jul 7, 2020 4:02am
Thank you for the advice I will be warier in the future.
Another reason for entering is M5 and also price touching MAs on M30 and H1. And on M5 the MAs are quite steep.

Trede was on arrow:
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right now I am in the next trade.
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