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CHOROS System

  • #16,441
  • Mar 7, 2022 2:11pm Mar 7, 2022 2:11pm
Quoting NameIsMethos
Hi everyone I've a quick question: How do you trade the Dance in Areas of heavy support / Resistance on a higher Timeframe? For GBP/USD we are currently in a downtrend giving trade opportunities according to the Dance. However I'm hesitant since price is exactly between 2 round numbers which are a strong Support on H4 and Daily. All the Best, Methos {image}
Good question!

Basicly No..
But price tends to test former highs and lows
A coupe hours ago this was a good target.

Hope it helped.
Guido
Risiko birgt immer auch die Chance.
  • #16,442
  • Mar 22, 2022 11:09am Mar 22, 2022 11:09am
It's been quite quiet here for a while, so here is a trade that works quite often.
This is a clear bounce from M5 EMA50 that usually appears on strong M15 trends.
It usually crosses hard on the M15 EMA10 and appears that price is going down hard, but then it finds support right after and goes back into the trend.
The best entry is to wait for a bounce on M5 50 and ride it for 10-20 pips (in this case I got full 20 from this).
Now waiting for M15 35/50 if it happens today.
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  • #16,443
  • May 10, 2022 5:16am May 10, 2022 5:16am
Here is a M15 EM10 bounce trade that is not really AAA (notice how the EMA 35/50 are NOT parallel and pointing down).
Eventually, it worked out. In these trades you need to observe and exit at the first sign of turning around.

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  • #16,444
  • May 18, 2022 2:09pm May 18, 2022 2:09pm
This is a very nice and reliable Choros setup. Look at the manual for more details.
On my experience, the same setup works in M15, H1, H4 or D1.
This example from today, happend on the H1.
First, the price passes trough SMA 35 and EMA 50 (that are not parrallel but very separated) and closes below EMA 50.
Then, you wait for price to go back to EMA 10 and enter as close to the 10 EMA that your nerves allow.
In this case I entered when I thought price was reacting to the 10 EMA projection. As you can see I was a bit early. At that moment I thouhgt that I prefered that than missing the trade.

The target was just above RN 1.2350. When you look to the left, you can see that price shoot up from that level so that is a nice place to take profit.

I got +59 pips from this one.
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  • #16,445
  • May 19, 2022 12:42am May 19, 2022 12:42am
Quoting Haydel
This is a very nice and reliable Choros setup.{image}
Tooks the same mate!!! Using Price action and MAs as floating S/R levels is very reliable technique
You are allowed to fall but you are imposed to get up!
  • #16,446
  • Edited 2:10am May 19, 2022 1:03am | Edited 2:10am
Here is one that I am currently in and took it while I was driving . Confluence of M15 200 + RN + H1 35 + 2 pin bars in H1 + Daily 10!!! What else do you need to bet your house on this???

* Closed manually at +27pips!
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You are allowed to fall but you are imposed to get up!
  • #16,447
  • May 19, 2022 7:15am May 19, 2022 7:15am
Quoting iero4
Here is one that I am currently in and took it while I was driving
And here is iero4 exiting the trade while driving.....
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  • #16,448
  • May 19, 2022 11:36am May 19, 2022 11:36am
Quoting kostas1
{quote} And here is iero4 exiting the trade while driving..... {image}
Thanx God I arrived at the office on time and had trailed my stop.
You are allowed to fall but you are imposed to get up!
  • #16,449
  • May 20, 2022 12:37am May 20, 2022 12:37am
Quoting Haydel
This is a very nice and reliable Choros setup. Look at the manual for more details. On my experience, the same setup works in M15, H1, H4 or D1. This example from today, happend on the H1. First, the price passes trough SMA 35 and EMA 50 (that are not parrallel but very separated) and closes below EMA 50. Then, you wait for price to go back to EMA 10 and enter as close to the 10 EMA that your nerves allow. In this case I entered when I thought price was reacting to the 10 EMA projection. As you can see I was a bit early. At that moment I thouhgt...
how can I get the manual bro
  • #16,450
  • May 20, 2022 7:38am May 20, 2022 7:38am
Quoting Varietyjones
{quote} how can I get the manual bro
Please...at least read the first post in the thread
You are allowed to fall but you are imposed to get up!
  • #16,451
  • May 30, 2022 3:53am May 30, 2022 3:53am
Hello everybody, I have been investigating this strategy and went through most of the manuals. I'm however confused regarding the MA's used, apart from the 200, 50 and 35. The remaining MA's are shown as either a 14ema or 10ema or both the 5 and 10ema's on the charts. I would be grateful if somebody can clarify this for me.
Thank you and regards.
  • #16,452
  • May 30, 2022 11:38am May 30, 2022 11:38am
Quoting Praetor
Hello everybody, I have been investigating this strategy and went through most of the manuals. I'm however confused regarding the MA's used, apart from the 200, 50 and 35. The remaining MA's are shown as either a 14ema or 10ema or both the 5 and 10ema's on the charts. I would be grateful if somebody can clarify this for me. Thank you and regards.
Hi Praetor.
Yes agreed- it´s a bit confusing with the different MA´s.
so for the start-- 10 Ema, 35 Sma and 50 Ema for M15 and higher.
Ema 200 is just the Ema 50 of H1
skip the 5 Ema- too many bad entries.



Kostas skill is M5 with I guess Ema 14, 23 and 50 -- (You´ll read it in the thread)

You´ll be able to spot AAA setups after reading this thread.

Guido
Risiko birgt immer auch die Chance.
  • #16,453
  • May 31, 2022 10:22am May 31, 2022 10:22am
Quoting Sesamstrasse
{quote} Hi Praetor. Yes agreed- it´s a bit confusing with the different MA´s. so for the start-- 10 Ema, 35 Sma and 50 Ema for M15 and higher. Ema 200 is just the Ema 50 of H1 skip the 5 Ema- too many bad entries. Kostas skill is M5 with I guess Ema 14, 23 and 50 -- (You´ll read it in the thread) You´ll be able to spot AAA setups after reading this thread. Guido
Thank you so much Guido, much clearer now, will read the recommended thread.
  • #16,454
  • May 31, 2022 5:17pm May 31, 2022 5:17pm
Hello guys,
Anyone has a scanner based on this great system. Either an indicator or EA to provides signals/alerts for the 28 pairs?
greetings
  • #16,455
  • Jun 10, 2022 6:04am Jun 10, 2022 6:04am
The thread is getting so quiet

I don't like this...I remember back to 2011 we had a lively company! The strategy is working like hell though!!! I am glad when I see the last of the mohicans posting here (Kostas, JKDT, Haydel, Birdland,Sesam etc.) Lets try keep it alive (Although I will be away till end of this month)...
You are allowed to fall but you are imposed to get up!
  • #16,456
  • Jun 12, 2022 4:45pm Jun 12, 2022 4:45pm
Kostas, your post is inspiring and its good to hear from you in 2022. It provides confirmation that the system works. I have been experimenting on a similar system although not completely isomorphic. I stumbled on your thread while searching for similar systems to mine, just to provide some confirmation I am on the right path. I have also previously done every combination of indicators, SR, Pivots possible until I came back to the simplicity of Moving Averages.
  • #16,457
  • Jun 16, 2022 9:36am Jun 16, 2022 9:36am
Trading in Greece during summer
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You are allowed to fall but you are imposed to get up!
  • #16,458
  • Jun 17, 2022 12:51pm Jun 17, 2022 12:51pm
A sweet M15 10 EMA Setup for +22p.
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  • #16,459
  • Jul 4, 2022 6:43am Jul 4, 2022 6:43am
3. Only “Touch” trades are acceptable on H1 and D1

Hi everybody, the above is taken from the 1m manual, can somebody pse explain this to me. I know what a touch trade is, but i dont understand taking a touch trade from the higher timeframes, when its supposed to be a 1m strategy. Thank you in advance.
  • #16,460
  • Jul 11, 2022 10:01pm Jul 11, 2022 10:01pm
I haven't been here for a long time.... But it seems like people always come back....

Are there any changes in the strategy?
Like, what's the latest SL/TP for the Choros?

I also tried to do some Python Data Analysis where I tried to analyze the recent years using this technique and trying to figure out what the best SL/TP would be but didn't get far as I just don't know enough Python... Might pick it up someday again...
I was also trying to figure out which number of touches after a cross would still be successful so that we could say like 1st touch is 90%, second touch is 67% and third is 45% or something like that....
Not there yet though...
It's never too late to make a bad trade!
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