CHOROS System

Quoting Vyda

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The Geometry of Resilience: From the Stock Market to the Graveyard of Empires We are talking, friends, about a truth few people want to face: only 1% of new traders achieve success after ten years. The other 99% don't just take a minor loss; they simply quit, exhausted by the volatility and deep-seated frustration. Anyone can be a patient investor, dedicating capital to stable assets and waiting decades; but being a successful trader is an entirely different beast. It is not a given right; it is a distinction that must be earned through sheer mental...

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Quoting NooneYet

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GU Trade. Entered on the 15m 35/50 Touch which was also the 1H 10 Touch. Exited at round number. Removed the 200 EMA cause i noticed that clay said in page 40 that it is not necessary. Small positions from my live account by the way , from my work office where they have a vpn and i cant download metatrader, or tradingview . This is from a website that has tradingview as a tradeviewer but with limited specs. Its called fxverify and its pretty bad but gets the job done. Starting to like the strategy. If you look at the last image in metatrader , i...

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Quoting kostas1

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{quote} Decent trade, only concern was the relatively flat 35/50. If you look at today's chart the 35/50 was nicely steep and the 35/50 bounces (two of them, 10:30am, 13:15 ) were nice and safe. In MT4 I use fixed charts (150pips for M15) to be able to evaluate the steepness of the MA lines better.

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Quoting MidnightRun

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{quote} Kostas, Thank you very much for posting. Could you explain this part of your comment: "In MT4 I use fixed charts (150pips for M15)..." (Is it values in the Chart Properties window that you refer to?) Thank you.

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Quoting kostas1

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{quote} ...(two of them, 10:30am, 13:15 )

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Quoting birdland

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{quote} I only saw one touch 35/50 yesterday... or did I miss something? {image}

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Quoting kostas1

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{quote} Strictly speaking, you are correct my friend, but in my fixed y-scale charts, I would also have taken the first almost touch, indicated by "??" Look at the M5 and you will see why.... {image}

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Quoting kostas1

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{quote} Strictly speaking, you are correct my friend, but in my fixed y-scale charts, I would also have taken the first almost touch, indicated by "??" Look at the M5 and you will see why.... {image}

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Quoting birdland

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{quote} yes, you two guys are good observers...thank you both for your valueable answer!

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Quoting birdland

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today a loss, despite a perfect setup: RN, yesterdays high, rejection candle,...etc {image}

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Quoting Tyross

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{quote} Thank you for your honesty, my friend. However, in my world, your trade worked. On the DAX, in M3, a situation like that is a good trade for about 15 to 20 points. Half of my daily goal. Besides, the convergence of "00" and SMA 35 (or EMA 50) with a steep slope, and a rejection candle is a very reliable spot. For me, it's even THE Master Signal, as Clay would say. I've always found forex difficult: the price moves too slowly, I can't do it at all.

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Quoting Tyross

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{quote} Thank you for your honesty, my friend. However, in my world, your trade worked. On the DAX, in M3, a situation like that is a good trade for about 15 to 20 points. Half of my daily goal. Besides, the convergence of "00" and SMA 35 (or EMA 50) with a steep slope, and a rejection candle is a very reliable spot. For me, it's even THE Master Signal, as Clay would say. I've always found forex difficult: the price moves too slowly, I can't do it at all.

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Quoting birdland

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{quote} Regarding the slowness of forex: I have mostly traded GU on an M15 basis so far, and often you have to wait hours for a signal to come. That's why I often look at EU or UJ to see if anything is happening there. But it's probably better, as Kostas said years ago, to incorporate M5 trading more.

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Quoting birdland

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{quote} Regarding the slowness of forex: I have mostly traded GU on an M15 basis so far, and often you have to wait hours for a signal to come. That's why I often look at EU or UJ to see if anything is happening there. But it's probably better, as Kostas said years ago, to incorporate M5 trading more.

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Quoting kostas1

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{quote} Interesting how many of us remaining dancers, come to similar conclusions: I also found the slow action difficult to work with. In the last year, my main currency is UJ since even in flat Daily action, it will give good signals for M5 and M15. GU lately was almost like EU in slowness. Our friend Tyross made me consider watching DAX for a while, in case I learn how to work with an index.

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Quoting Tyross

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{quote} Intraday Forex trading is very difficult because movements generate few pips and require hours of waiting, as you wrote. During this time, you see price oscillations that can generate trend or momentum reversals. This is a problem. An index like the DAX or the Nasdaq will generate the expected gains in just a few periods (very often two or three). It won't oscillate if the signal is good, and it will go directly to the take profit. It won't have time to invalidate momentum with an opposing breakout, and even less so a local trend. Trainers...

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Quoting kostas1

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{quote} Interesting how many of us remaining dancers, come to similar conclusions: I also found the slow action difficult to work with. In the last year, my main currency is UJ since even in flat Daily action, it will give good signals for M5 and M15. GU lately was almost like EU in slowness. Our friend Tyross made me consider watching DAX for a while, in case I learn how to work with an index.

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Quoting Tyross

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{quote} The Master signal on Dax, for me. On DAX, 00-50-25 and 75 levels work very well. For the rest of the context, you are the Choros expert. I don't need to comment further or explain where to apply the manual stop. Convergence and slope of mm is the key. It's a 5 minutes chart. {image}

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