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CHOROS System

  • #15,642
  • Jul 16, 2020 4:23pm Jul 16, 2020 4:23pm
did i understnad it correctly,plz help me:

choros: 4h=cross10 ema - 1h=cross 10/35 ema - 15 min=35/50 ema first touch on 15 min
  • #15,643
  • Jul 17, 2020 5:45am Jul 17, 2020 5:45am
EURUSD M15 First touch
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You are allowed to fall but you are imposed to get up!
  • #15,644
  • Jul 19, 2020 7:15am Jul 19, 2020 7:15am
A big thank you to Kostas1, Sesamstrasse, Haydel, Birdland and iero4 who have given their input and knowledge to help me become a better trader.
  • #15,645
  • Jul 19, 2020 8:57am Jul 19, 2020 8:57am
do u have a telegram channel to share trade setups?
  • #15,646
  • Jul 19, 2020 8:49pm Jul 19, 2020 8:49pm
NJ has a confluence of MAs on the 4H, 1H, and 15M charts, plus has a bullish pennant on the 4H. Price just broke above all the MAs on all three charts and pulled back, is now sitting on them. I'm in on the 4H chart but I think is a great play on any of the 3 TFs.
  • #15,647
  • Jul 20, 2020 5:08am Jul 20, 2020 5:08am
Seniors, please confirm should we consider this a valid trade setup??
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  • #15,648
  • Jul 20, 2020 5:15am Jul 20, 2020 5:15am
Quoting atif58
Seniors, please confirm should we consider this a valid trade setup?? {image}
It is a constrainment in 10 EMA BUT...It is the 3rd H1 10 EMA touch + you have a resistance level 10 pips above so I would be carefull especially when 35/50 are not on top of each other...
You are allowed to fall but you are imposed to get up!
  • #15,649
  • Edited 5:40am Jul 20, 2020 5:30am | Edited 5:40am
Quoting atif58
Seniors, please confirm should we consider this a valid trade setup?? {image}
Hi Atif.

Ask yourself, would you consider this as a good setup?

I guess you already read the thread during the past months-- and you saw more than enough AAA setups and how we trade them--

A couple of candles before is a textbook setup, a "dead end" on ma.

What is so difficult with "first touches are the safest touches" ??

The setup is valid but not nice;
- where to place the stop?
- is there enough open space to reach your target?


look for good ones as we showed them over and over--

regards
Risiko birgt immer auch die Chance.
  • #15,650
  • Jul 20, 2020 6:21am Jul 20, 2020 6:21am
Hi Sesamstrasse,

I have been away for few months seems like I have to refresh my knowledge again.

Indeed this was not a good setup which is just proved by recent price drop.

I just analyzed the setup again, find out my mistake, I was ignoring the Daily R2 level which is also major resistance level at the moment. Furthermore, the angle of 35/50 MAs is was widening.

Thanks again, we have been learning so much from you.
  • #15,651
  • Edited 7:07am Jul 20, 2020 6:45am | Edited 7:07am
Quoting atif58
Hi Sesamstrasse, I have been away for few months seems like I have to refresh my knowledge again. Indeed this was not a good setup which is just proved by recent price drop. I just analyzed the setup again, find out my mistake, I was ignoring the Daily R2 level which is also major resistance level at the moment. Furthermore, the angle of 35/50 MAs is was widening. Thanks again, we have been learning so much from you.
Choros/the dance is a wonderful strategy that performs extremly well during trending markets.

The simple setups doing their job nicely.

I use it since a couple of years now and i still stick to simple and well understanding setups--
With "this" formula my account grew during the past years step by step a bit--
that is the reason why I strongly recomment AAA setups.
Nice trading leads to positive results.-- that simple--

Meanwhile I switched to futures without any MT4/5 broker and trade different instruments.
But look on a ES-Mini- Cfd chart and you´ll see the same thing-- bounces over and over.

For me, the 50 Ema in M15 is still a weapon.
Keep the simplicity, that´s the key for me.
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Risiko birgt immer auch die Chance.
  • #15,652
  • Jul 21, 2020 3:11am Jul 21, 2020 3:11am
Quoting Sesamstrasse
{quote} Choros/the dance is a wonderful strategy that performs extremly well during trending markets. The simple setups doing their job nicely. I use it since a couple of years now and i still stick to simple and well understanding setups-- With "this" formula my account grew during the past years step by step a bit-- that is the reason why I strongly recomment AAA setups. Nice trading leads to positive results.-- that simple-- Meanwhile I switched to futures without any MT4/5 broker and trade different instruments. But look on a ES-Mini- Cfd chart...
Dear Sesamstrasse,
The 50 Ema in M15 is still a weapon ==> Please help me to take advanted.
Thanks you.
Nothing is impossible!
  • #15,653
  • Jul 21, 2020 3:48am Jul 21, 2020 3:48am
Typical Choros ...
I catch one occasion today, one missed, and one SL, and this one is still working.

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  • #15,654
  • Jul 21, 2020 7:41am Jul 21, 2020 7:41am
Quoting LearnNL
{quote} Dear Sesamstrasse, The 50 Ema in M15 is still a weapon ==> Please help me to take advanted. Thanks you.
No problem, what is your specific issue with the 50 Ema?
Risiko birgt immer auch die Chance.
  • #15,655
  • Jul 21, 2020 9:54pm Jul 21, 2020 9:54pm
Quoting Sesamstrasse
{quote} No problem, what is your specific issue with the 50 Ema?
Dear Sesamstrasse,
Please share to me some experience with the 50ema in M15 which you said it is still weapon for you.
Thank you.
Nothing is impossible!
  • #15,656
  • Edited 7:50am Jul 22, 2020 7:07am | Edited 7:50am
Quoting LearnNL
{quote} Dear Sesamstrasse, Please share to me some experience with the 50ema in M15 which you said it is still weapon for you. Thank you.
I already wrote all my experience during the past 7 years in this thread and there is nothing I hide.
Do your work and read the thread.
Nothing is new, all is answered over and over again.

For specific questions we are here to help the newbies but it requires time and effort from your side as well if you want to dance above charts.

regards
Risiko birgt immer auch die Chance.
  • #15,657
  • Jul 22, 2020 10:06am Jul 22, 2020 10:06am
Quoting Sesamstrasse
{quote} I already wrote all my experience during the past 7 years in this thread and there is nothing I hide. Do your work and read the thread. Nothing is new, all is answered over and over again. For specific questions we are here to help the newbies but it requires time and effort from your side as well if you want to dance above charts. regards
Dear Sesamstrasse,
Thanks for your help.
I read the Dance 3 years ago, and now i'm using to trade, however i want to know how the 50ema in 15 is the weapon, and i want to learn from it.
Thank you.
Nothing is impossible!
  • #15,658
  • Jul 22, 2020 10:15am Jul 22, 2020 10:15am
Quoting LearnNL
{quote} Dear Sesamstrasse, Thanks for your help. I read the Dance 3 years ago, and now i'm using to trade, however i want to know how the 50ema in 15 is the weapon, and i want to learn from it. Thank you.
Start here;

https://www.forexfactory.com/showthr...73#post6845373 (this was on demo during my first weeks dancing)

...and continue until 2020.

During the past 7 years, the 50 ema gave me more green than red pips--

In several posts I explained how I did-- for me it is a weapon in this case-- it produced enough real.

"For specific questions we are here to help the newbies but it requires time and effort from your side as well if you want to dance above charts."

Trade well

Guido
Risiko birgt immer auch die Chance.
  • #15,659
  • Jul 22, 2020 7:54pm Jul 22, 2020 7:54pm
I think this chart should have no trade correct? There is no clear trend, the MA angle are not steep.
please advice if there is some possible entry in this chart so I can understand more.

thank you in advance
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  • #15,660
  • Jul 22, 2020 10:28pm Jul 22, 2020 10:28pm
Quoting birdland
because it was a "two bar touch" with an even nicer rejection bar i did it a second time;-) {image}
Hi birdland, can you please share with me why don’t you take a trade on a touch?
why should we wait till it go up before taking a trade?
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