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CHOROS System

  • #15,981
  • Dec 8, 2020 3:18am Dec 8, 2020 3:18am
Quoting Sesamstrasse
{quote} So.. back to topic. 3 hours ago I wrote : "35 and 50 tight together;" And now you can answer your question for yourself, or? PS: And forget about trading via phone. Do you really think a professional trader is sitting in a bank doing orders via mobile phone? Take it as a serious business or do other useful things with your time.
My bad

I don't know how to take screenshots using a PC.
Thanks a lot for the help
Will focus strictly on the touch of the 35 and 50 EMA tightly packed.
  • #15,982
  • Dec 8, 2020 3:56am Dec 8, 2020 3:56am
Quoting Iceman0995
{quote} My bad I don't know how to take screenshots using a PC. Thanks a lot for the help Will focus strictly on the touch of the 35 and 50 EMA tightly packed.
there is a tool called "google" to find this out.
trading is like dancing, don't think and just listen to the music!
  • #15,983
  • Dec 8, 2020 4:51am Dec 8, 2020 4:51am
Quoting Iceman0995
{quote} My bad I don't know how to take screenshots using a PC. Thanks a lot for the help Will focus strictly on the touch of the 35 and 50 EMA tightly packed.
please download screenpresso free from google,its good enough.
  • #15,984
  • Dec 8, 2020 2:53pm Dec 8, 2020 2:53pm
Quoting birdland
{quote} please go to the first 10 pages, download the pdf of clay (you will find in the paperclip section) and THEN we can speak. you are an apprentice and therefore back to the start, until you get it! we like to help, but not like this.
When I first read through your reply, I thought you were mean.
When ahead to read the The Dance thread and I was able to get the info.

Thanks for all the help
  • #15,985
  • Dec 10, 2020 8:53am Dec 10, 2020 8:53am
UC 2-bar retrace to EMA10, +22 pips exited too early.
Attached Image (click to enlarge)
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  • #15,986
  • Dec 10, 2020 9:32am Dec 10, 2020 9:32am
anybody caught the M15 GU 35/50 ?
Very nice confirmation by a pin M15 bar and then down. Easy 25 for me..
For newbies study the GU M15, you should never let these classics go.
  • #15,987
  • Dec 10, 2020 9:59am Dec 10, 2020 9:59am
Quoting kostas1
anybody caught the M15 GU 35/50 ? Very nice confirmation by a pin M15 bar and then down. Easy 25 for me.. For newbies study the GU M15, you should never let these classics go.
It's a pleasure to see your comment Sir

I was just about 15 when this thread was started back in 2010. I am glad to meet the strategy and also glad to ride it with one of the founding father
  • #15,988
  • Dec 10, 2020 10:31am Dec 10, 2020 10:31am
Quoting kostas1
anybody caught the M15 GU 35/50 ? Very nice confirmation by a pin M15 bar and then down. Easy 25 for me.. For newbies study the GU M15, you should never let these classics go.
yes, i got 13 pips out of it;-)
trading is like dancing, don't think and just listen to the music!
  • #15,989
  • Dec 10, 2020 10:32am Dec 10, 2020 10:32am
Quoting larryw
UC 2-bar retrace to EMA10, +22 pips exited too early. {image}
i often take only 5-10pips. for me there is no "exited too early" and i never look back. that helps...
trading is like dancing, don't think and just listen to the music!
  • #15,990
  • Dec 10, 2020 10:52am Dec 10, 2020 10:52am
Quoting birdland
{quote} i often take only 5-10pips. for me there is no "exited too early" and i never look back. that helps...
Yes, you are right! No regret, there were reasons to exit too: enough profit, last swing low, S2 support,...
  • #15,991
  • Dec 11, 2020 2:42am Dec 11, 2020 2:42am
For bigger TF-lovers a great confluence in GU is coming :

1. Monthly Pivot
2. Weekly EMA 10
3. Daily 35/50
4. H4 MA 200

If you are patient it should give a strong upward bounce.
But at these TFs the move will be measured in several M15 or H1 bars.
On the other hand, news about Brexit may complicate the situation (make a fast move upwards for positive news, or ignore the confluence and go down fast for negative news).
Anyway, I may try to catch 10-20 pips here and there as it keeps bouncing there but no long-TF trades for me.
Still fun to watch though...
  • #15,992
  • Dec 11, 2020 2:58am Dec 11, 2020 2:58am
Quoting kostas1
For bigger TF-lovers a great confluence in GU is coming : 1. Monthly Pivot 2. Weekly EMA 10 3. Daily 35/50 4. H4 MA 200 If you are patient it should give a strong upward bounce. But at these TFs the move will be measured in several M15 or H1 bars. On the other hand, news about Brexit may complicate the situation (make a fast move upwards for positive news, or ignore the confluence and go down fast for negative news). Anyway, I may try to catch 10-20 pips here and there as it keeps bouncing there but no long-TF trades for me. Still fun to watch though......
Kalimera Kosta...nice to see you posting
Very big volume of fundamentals for GU these days so I kind of don't trust technicals at least until Tuesday for this pair . I will leave it to the big guys and trust EU or even better GOLD. Have a nice SK my friend and stay safe.
You are allowed to fall but you are imposed to get up!
  • #15,993
  • Edited 9:23am Dec 12, 2020 8:35am | Edited 9:23am
I cant speak english very much
But i wont to thank kostas for this thread i leart more from this thread many price action setups l trading system similar to this system in some indicators which is moving 50 and 10 or (12) i will dont add any indicators respect to this thread but i want to make more focus to one set up and it will be easy for any one and has high win i make more than 80 percentage win rate i made daily one trade (this is very important point ) trade only one step when price broken moving average 50 for first time i wait it to come back to touch moving 10 when it touch it i take a trade opposite direction take ten pips only daily and never trade this day from five or six trades you will lose one but moving 50 and 10 must be trending avoid trading sideway markets i use time frame 5 and 15 minutes and look for all time frames to avoid support and resistance in high time frames if you take trade in 15 minutes you must look for confirmation in 5 minutes
Enjoy
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #15,994
  • Dec 12, 2020 9:37am Dec 12, 2020 9:37am
Quoting Alihelmy123
i make more than 80 percentage win rate i made daily one trade (this is very important point ) trade only one step when price broken moving average 50 for first time i wait it to come back to touch moving 10 when it touch it i take a trade opposite direction take ten pips only daily {image}
Welcome to the thread. You have just described "scooped-up" and "scooped-down" trades. You will find many posts in our thread with such examples. It is even more successful after a double bottom and double up formation. Great & simplified trading, I wish you success and keep posting here.
  • #15,995
  • Dec 12, 2020 11:57am Dec 12, 2020 11:57am
Quoting Alihelmy123
I cant speak english very much But i wont to thank kostas for this thread i leart more from this thread many price action setups l trading system similar to this system in some indicators which is moving 50 and 10 or (12) i will dont add any indicators respect to this thread but i want to make more focus to one set up and it will be easy for any one and has high win i make more than 80 percentage win rate i made daily one trade (this is very important point ) trade only one step when price broken moving average 50 for first time i wait it to come...
Thanks for sharing
  • #15,996
  • Dec 14, 2020 8:21am Dec 14, 2020 8:21am
Sell from 1.34100 take ten pips and never trade this day Attachment g
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #15,997
  • Dec 14, 2020 8:39am Dec 14, 2020 8:39am
Time frame 5 the reason first touch after price broken 50 and 10 and come back touch 10 you will take your ten pips in less than 30 minutes
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #15,998
  • Dec 14, 2020 10:42am Dec 14, 2020 10:42am
please open telegram channel so we can share setups,thanks
i believe in this system
  • #15,999
  • Dec 14, 2020 11:31am Dec 14, 2020 11:31am
Quoting T4Trade
please open telegram channel so we can share setups,thanks i believe in this system
I am sorry i dont want to make channel
I want everyone to learn and depend on him self
The problem not in systems when i was trading for first years all of them dont work after more experience you will found most of them working but if you want to be win consistent take one trade daily ten pips and never trade again take A+ setups only its its more comfortable before that i was making around 50 daily but its too hard and all the day you looking for chart and you dont make high win rate after three days one become lose day
Take 5 trades weekly in the holiday analysis them why i take this trades in the first weeks you will found most of them not according your strategy and your win rate around 50
After trading and analyse you trades for two months you will up to 65 percentage
But you must analysis your trade on all time frames and dont change your strategy high win rate on 5 and 15 minutes but look for all time frames
If you need any help write your questions in this thread and i i will reply
There are many setups that working very good i will add them here they are very simple but you must focus for your simple one for yourself and trade it only
Sorry for my English
Cut your losses. Cut your losses. Then maybe you have a chance
  • #16,000
  • Dec 14, 2020 11:43am Dec 14, 2020 11:43am
Not related to choros but


Quoting iero4
Dear all, I just had a meeting with a very experienced trader. Actually he is a golden boy. Head of exotic equities trader in Citi bank and he has been head of Europe trading exotics in Stanley and Morgan. He now has his own hedge fund in London so I arranged a meeting in his summer house next to my place. I wanted to take his opinion about our strategy......................

Edit: He gave me 2 tips...stay short in USD and stay short in GBP Iero
21/6/2020


So the golden boy was right about the USD and wrong about GBP. What do you think ?
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