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CHOROS System

  • #16,521
  • Apr 24, 2024 7:08am Apr 24, 2024 7:08am
Quoting Finsia
I don't really see any trades today. there was some 3=6 hours ago.
EU h1 is a touch trade and good 35/50 mas angle
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trading is like dancing, don't think and just listen to the music!
  • #16,522
  • Apr 25, 2024 3:23am Apr 25, 2024 3:23am
Since I am getting PMs to continue posting, for the sake of newbies, here is a rare (for me) "constrainment" trade.
Some time ago, in this thread we had some experts in this type of trade.
For me, is still not easy to spot but today I got in a trade using the M5 EMA 10 constrainment.
I also post the H1, since it has a beautiful EMA 10 cosntrainment (orange arrow), as an example (The H1 constrainment has no relation to my M5 trade, I put it here as a good example, since they are usually explosive trades).

Attached Image (click to enlarge)
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EDIT: as the CHOROS experts may have guessed, I am now waiting patiently to see if the M15 EMA 10 or the M15 35/50 will give long trades.
  • #16,523
  • Apr 26, 2024 1:00pm Apr 26, 2024 1:00pm
Would the dance work on bitcoin? I wonder.... GBP is no good to me unless I wake up at 3am
  • #16,524
  • May 7, 2024 5:50am May 7, 2024 5:50am
Is there any live trading group for this?
  • #16,525
  • May 7, 2024 9:54am May 7, 2024 9:54am
Quoting Finsia
Is there any live trading group for this?
no, but that one was some time active

https://www.forexfactory.com/thread/...os-interactive
trading is like dancing, don't think and just listen to the music!
  • #16,526
  • May 12, 2024 3:23am May 12, 2024 3:23am
Hi everybody. Do you think Choros is still working? I think AI has made the market more unpredictable than the previous years. I find less choros trades year after year
You are allowed to fall but you are imposed to get up!
  • #16,527
  • May 12, 2024 6:23am May 12, 2024 6:23am
Quoting iero4
Hi everybody. Do you think Choros is still working? I think AI has made the market more unpredictable than the previous years. I find less choros trades year after year
Hi buddy,
AI (probably) has increased noise leading to more "porcupine" charts. What I found is that higher TFs still behave better (for example H4, H1, 35/50 bounces are still reliable for 20-30 pips.
M15 is more noisy now, maybe 10-20 depending on how strong it is.
Still overall, more than 70% of my trading is classic CHOROS, and the rest is scalping using CHOROS MAs on other TFs.
I have almost completely abandoned EU, mostly trading GU and lately some GJ when GU is flat.
  • #16,528
  • Edited 6:36am May 14, 2024 6:26am | Edited 6:36am
Like today on the 4 hour? Also do you resist all urges to just trade the round numbers unless the MAs are proximate?
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  • #16,529
  • May 15, 2024 2:08am May 15, 2024 2:08am
Quoting Finsia
Like today on the 4 hour? Also do you resist all urges to just trade the round numbers unless the MAs are proximate? {image}
As an example of good trend, study the H1 GJ chart: starts at the bottom with a "scoop-up", followed by multiple EMA10 and 35/50 bounces. All these bounces can also be seen on H4 as EMA10 bounces.
Side note: using the CHOROS lines during the BOJ intervention, I was able to scalp 160pips in 1 day with this monster...Not recommended but when you become proficient with charts, you can actually really make a killing when the opportunity arises.
  • #16,530
  • May 15, 2024 5:58am May 15, 2024 5:58am
Hi did you buy here in yellow as it became a confirmed scoop up once the green bar closed above the 35 and 10?
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  • #16,531
  • May 15, 2024 6:05am May 15, 2024 6:05am
Also to confirm this is not considered a touch as it is not a fast run back to the 50MA as the MAs are not steep enough. The preceding bars are more of a head and shoulders than any trend and some are below the MA10. Therefore you would not go long here?
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  • #16,532
  • May 29, 2024 11:29am May 29, 2024 11:29am
Today's setup yielded 23 pips, not exactly a sniper entry for a 15-minute 10EMA touch, but it turned out to be profitable. Post-pandemic, GBPUSD and GBPCAD seem to be responding well to Choros setups, with GBPUSD particularly appearing to return to its pre-pandemic performance in relation to Choros.
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  • #16,533
  • Jul 5, 2024 9:28am Jul 5, 2024 9:28am
Quoting birdland
{quote} EU h1 is a touch trade and good 35/50 mas angle {image}
Hi Birdland.

You mentioned this thread in the New Cable thread today. I intend to read all 800+ pages but I would appreciate it greatly if you direct me to an approximate post or year where the final (current) conditions are explained.

I thank you greatly before hand.
Observation is the path to discovery.
  • #16,534
  • Jul 5, 2024 9:40am Jul 5, 2024 9:40am
Quoting Alorente
{quote} Hi Birdland. You mentioned this thread in the New Cable thread today. I intend to read all 800+ pages but I would appreciate it greatly if you direct me to an approximate post or year where the final (current) conditions are explained. I thank you greatly before hand.
its important to go through this first thread of clay and read his manual, who "invented" the dance:

https://www.forexfactory.com/thread/224697-the-dance

then you can continue to read kostas thread
trading is like dancing, don't think and just listen to the music!
  • #16,535
  • Jul 5, 2024 9:51am Jul 5, 2024 9:51am
Thanks. I appreciate the guidance.
Observation is the path to discovery.
  • #16,536
  • Jul 30, 2024 8:12am Jul 30, 2024 8:12am
I wouldn't read the 800 pages. Just the Dance thread and then this one for about the first 20 pages. Kostas started this one about 2 months in. He had good results - I think the time zone and GBP helped him get confident with the system and he modified it to himself and of course now he is retired.
  • #16,537
  • Aug 5, 2024 2:53am Aug 5, 2024 2:53am
Hi everyone, hope you are all doing well. Could someone please tell me what I did wrong with this trade entry? I got stopped out with -10 pips. It was a touch trade, I believe (2-bar retrace; the 35 and 50 EMAs were parallel, and the 10 EMA seemed to be at a steep angle. It also appeared that the price was about to touch the 35 EMA on the H1 chart).

Thanks for your help!
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  • #16,538
  • Edited 8:29am Aug 5, 2024 3:25am | Edited 8:29am
Quoting StewieG
Hi everyone, hope you are all doing well. Could someone please tell me what I did wrong with this trade entry? I got stopped out with -10 pips. It was a touch trade, I believe (2-bar retrace; the 35 and 50 EMAs were parallel, and the 10 EMA seemed to be at a steep angle. It also appeared that the price was about to touch the 35 EMA on the H1 chart). Thanks for your help! {image}
Good morning Stewie.

Flat MAŽs and August are the key words for your view.
I didn t like the PA in any kind.. and no 3 bar rule instead of 2 bar ;-)
I guess youŽll find these answers with a better wording in this thread.


Hope that helped.

Guido
Risiko birgt immer auch die Chance.
  • #16,539
  • Nov 5, 2024 8:27am Nov 5, 2024 8:27am
GU&EU just wonderful today;-)
Attached Image(s) (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #16,540
  • Nov 7, 2024 10:49am Nov 7, 2024 10:49am
I don't know nothing about this, but I'm trying to win money. Now I want learn how to win money because money is important for me. Do you know? Can I learn with you in this chat about CHOROS System?

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