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CHOROS System

  • #16,481
  • Sep 14, 2022 8:37am Sep 14, 2022 8:37am
In the case of MAs 35/50, there is the following consideration as to whether it does not make sense to add the 40EMA.

Why: H4 divided by 4 is H1, H1 divided by 4 gives M15.

the 10EMA on H4 and H1 results in the 40EMA at the next smaller time frame. so the H4 10 is on H1 40 and H1 10 is on M15 40.

so i would display 35/40/50 on the chart because its logical.
trading is like dancing, don't think and just listen to the music!
  • #16,482
  • Edited 6:42am Nov 3, 2022 3:08am | Edited 6:42am
Hi kostas1 and all dancers,
I'm new to The Dance and CHOROS. So I try to trade with very little money on the line and just watch the market for a while to get a feel of the strategy.
I have a question about when Price retrade and touch the MA, it bend with Price and form a low degrees or flat angle. So I don't take the trade as the rules. But when the price start to come back, the MA now form a nice 45 degrees that make the trade valid again but it is too late and risky because price is now run far from the Touch. All that happen on the same candle.
So with the Steep MA rule, because the angle of MA on current candle keep changing until it close. Do I need to measure the angle from current candle or previous candle?
  • #16,483
  • Jan 28, 2023 3:03pm Jan 28, 2023 3:03pm
I'm basically just continuing the angle of the previous candle to see where it would end up if it just continues... Also I think there was a rules that there can only be two or three retracement candles to the MA to consider it a valid touch, right? I saw a lot of 5 bar retracements to the MA recently on GU and those were all failing...

But my main issue is that I can't trade GU as I'm sleeping at that time, so I'll look into trying it on other pairs now...

I also started a small python script trying to figure out the perfect parameters, like entry on first touch or second and probabilities for each... Which MAs are best... Which timesframes are best etc.
Interesting project to learn some python and maybe even have some cool results that might help me...
It's never too late to make a bad trade!
  • #16,484
  • Feb 17, 2023 4:03pm Feb 17, 2023 4:03pm
What is a "Master Signal"? In the Three Main Trades of the Dance, Master Signal is claimed to be the strongest, but no definition is given, just a few examples. The file can be found here https://www.forexfactory.com/thread/...34#post7124334

Thanks
1.02^200
  • #16,485
  • Feb 18, 2023 1:13pm Feb 18, 2023 1:13pm
Quoting d5400
What is a "Master Signal"? In the Three Main Trades of the Dance, Master Signal is claimed to be the strongest, but no definition is given, just a few examples. The file can be found here https://www.forexfactory.com/thread/...34#post7124334 Thanks
Is anybody here? Kosta you still here?
  • #16,486
  • Feb 18, 2023 2:01pm Feb 18, 2023 2:01pm
Quoting d5400
What is a "Master Signal"? In the Three Main Trades of the Dance, Master Signal is claimed to be the strongest, but no definition is given, just a few examples. The file can be found here https://www.forexfactory.com/thread/...34#post7124334 Thanks
After careful reading, it seems Master Signals are constrainment of 35 SMA on M15. Thanks
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1.02^200
  • #16,487
  • Feb 19, 2023 9:54am Feb 19, 2023 9:54am
Quoting d5400
{quote}After careful reading, it seems Master Signals are constrainment of 35 SMA on M15. Thanks {image}
Question, when you take a tpuch trade, you do ot right on the touch or wait until bar complete and go with the movement on you favor?
  • #16,488
  • Feb 19, 2023 12:02pm Feb 19, 2023 12:02pm
Quoting chiche
{quote} Question, when you take a tpuch trade, you do ot right on the touch or wait until bar complete and go with the movement on you favor?
keep reading as the d5400, you will find everything in here.
  • #16,489
  • Feb 27, 2023 8:13am Feb 27, 2023 8:13am
i dont use choros anymore as my main trigger for entries, but look how great the 10EMA touch worked in the last two days with GU:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #16,490
  • May 4, 2023 7:37am May 4, 2023 7:37am
EURUSD
H1- EMA 50 Dead End
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  • #16,491
  • May 4, 2023 8:51am May 4, 2023 8:51am
EURUSD
m15 - ema10 Touch

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  • #16,492
  • May 5, 2023 8:37am May 5, 2023 8:37am
Nice M15 10 EMA Touch Setup
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On the H1 it looks like a Scoop-down setup.
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  • #16,493
  • May 17, 2023 3:13am May 17, 2023 3:13am
EURUSD
m15 - ema10

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  • #16,494
  • May 26, 2023 5:47am May 26, 2023 5:47am
GBPJPY
ema10 + rn

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  • #16,495
  • Jun 1, 2023 5:38am Jun 1, 2023 5:38am
GBPJPY
ema 35\50 + H1 ema 10 + RN

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  • #16,496
  • Oct 8, 2023 8:20pm Oct 8, 2023 8:20pm
This strategy looks interesting.
Before reading everything from page 1, does anybody still use this strategy, full-time?
Is it profitable in the long term?

For the pairs, what works the best using this strategy for me to backtest for each session?
(I know this is a long shot)
  • #16,497
  • Oct 24, 2023 2:42am Oct 24, 2023 2:42am
Quoting hein123
This strategy looks interesting. Before reading everything from page 1, does anybody still use this strategy, full-time? Is it profitable in the long term? For the pairs, what works the best using this strategy for me to backtest for each session? (I know this is a long shot)
there are better ones, but I still use the MAs as a guide.
trading is like dancing, don't think and just listen to the music!
  • #16,498
  • Oct 24, 2023 3:36am Oct 24, 2023 3:36am
Quoting hein123
This strategy looks interesting. Before reading everything from page 1, does anybody still use this strategy, full-time? Is it profitable in the long term? For the pairs, what works the best using this strategy for me to backtest for each session? (I know this is a long shot)
I am still here, using the same mostly on GU, M15, H1, rarely H4.
Market has somewhat changed (AI ??) got to be more alert for flat porcupine areas.
If you need more details, you have some reading to do !!
  • #16,499
  • Oct 24, 2023 4:38am Oct 24, 2023 4:38am
Quoting kostas1
{quote} I am still here, using the same mostly on GU, M15, H1, rarely H4. Market has somewhat changed (AI ??) got to be more alert for flat porcupine areas. If you need more details, you have some reading to do !!
yes, AI is maybe a factor.

but i think it changes all the time;-)

can tell in 100 years later...
trading is like dancing, don't think and just listen to the music!
  • #16,500
  • Dec 1, 2023 12:26pm Dec 1, 2023 12:26pm
Seems that GU is moving lately, been a while since someone has posted.
Here is a nice scoop-up !
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