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CHOROS System

  • #661
  • Jun 9, 2010 9:34am Jun 9, 2010 9:34am
Quoting Ultimatus
Kostas, what pairs do you trade and what time of day? Just interested...
Only GU. Trading it from 1hr before London open to first couple of hours of US open.
  • #662
  • Jun 9, 2010 2:10pm Jun 9, 2010 2:10pm
Quoting kostas1
Only GU. Trading it from 1hr before London open to first couple of hours of US open.
This is probably key. Better to be expert in one thing than to dabble in many things and be master of none.

Congrats Kostas. A lot of people will be trying to follow in your footsteps. I know the first thing through my mind was if he can do it....

Hiram
  • #663
  • Jun 9, 2010 2:33pm Jun 9, 2010 2:33pm
Quoting kostas1
OK. I will now stop trading for today since I reached a milestone and I am too excited to continue. I would like to share this with you so here it is....
Just one word Kosta

AWESOME!
  • #664
  • Jun 9, 2010 3:49pm Jun 9, 2010 3:49pm
Hi Guys,
Well this is actually very, very, good. Is this the dance method still.
  • #665
  • Jun 9, 2010 3:58pm Jun 9, 2010 3:58pm
Quoting morfisher
Hi Guys,
Well this is actually very, very, good. Is this the dance method still.
It is. Just a slight twist to take profits earlier. Read through the thread, it will be obvious. Any questions, feel free to ask.

My post was not to brag but to instill confidence to people that it can be done. From your responses I can see that it inspired you as I expected. One of my main battles during trading was wondering if it would be possible to trade succesfully. Well, IT IS. Just spend your time in front of the screen and things will start making sense.

Kostas
  • #666
  • Edited 4:56pm Jun 9, 2010 4:34pm | Edited 4:56pm
Quoting simmo24
Open it up, make your changes and click 'save as' then rename it and compile.
This is what I had to do.

Cheers
Simmo
Simmo24,
all the scripts works perfectly thanks to you. Now I can stop scratching my head and try to make some pips with it. Again thx.
Kevin

Kostas, congrats on your milestone!! Your trading consistency is just amazing.
  • #667
  • Jun 9, 2010 7:09pm Jun 9, 2010 7:09pm
Quoting kostas1
My post was not to brag but to instill confidence to people that it can be done.
Kostas
How can a post like that not instill confidence! The fact that you have climbed back up to above your intial deposit not with a few big wins but have achieved it through consistent success is what stands out for me. Well done mate.

X.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #668
  • Jun 10, 2010 4:52am Jun 10, 2010 4:52am
Hi All
First trade today details on chart.
Attached Image
  • #669
  • Jun 10, 2010 5:19am Jun 10, 2010 5:19am
funny thing i was following dance rules by 2 months, and this week i tried to use other systems and guess what... i've lost half what earned with dance system. Nice lesson for me... i have to use only dance system .
What was interesting, this system for example gave buy signal, and other was saying sell, dance won, i have lost
  • #670
  • Jun 10, 2010 5:59am Jun 10, 2010 5:59am
Kostas,

First of all congratulations for succeding with dance method, and I wish you much more for the future. What I want to ask you is how big was your lot size when you started to use this method?

Regards,
Leo
  • #671
  • Jun 10, 2010 6:10am Jun 10, 2010 6:10am
I don't participate much in the FF forums anymore after the BS that went on with Clay, but I wanted to respond to say job well done to Kostas and that this is possible for anyone. Stick to the rules, if your gonna tweak the system make sure it is a truly meaningful tweak and not just a knee jerk reaction because you had a few losses.

I don't know how many of you are golfers but trading is a lot like golf if you are very consistent with your setups in golf you do well, if you just go out and whack the ball without much thought you don't do so well.
  • #672
  • Jun 10, 2010 6:23am Jun 10, 2010 6:23am
Quoting endroute
I don't participate much in the FF forums anymore after the BS that went on with Clay, but I wanted to respond to say job well done to Kostas and that this is possible for anyone....
Thanks for that Endroute, I am a golfer and thats a really good analogy.
Good advice ! and that is what this thread seems to be delivering. I hope everyone keeps posting their trades and thoughts.
Don't stay away too much Endroute we all value your advice, not all of us are like those ****kers that went after Clay.

Cheers
Simmo
  • #673
  • Jun 10, 2010 8:30am Jun 10, 2010 8:30am
boom Todays first dance trade, and sooo sucsesful. SL now at .1463. Normally i was aiming for 20-30 pips but that one looked good for me .
GBP/USD

Leone, i for example started trading with 0.1 lot. This one is taken with 0.5.
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  • #674
  • Edited 9:26am Jun 10, 2010 9:08am | Edited 9:26am
Kostas,

How do you exit your trades? In the Dance manual Clay says to trail the SL behind the last 15M candle, but I have been getting stopped out at B/E a lot with this method.

Do you look for candles on M5/M1?

Thanks
  • #675
  • Jun 10, 2010 10:36am Jun 10, 2010 10:36am
Hi Guys

An sma 365 would be worth looking at because this lines up nicely with the 38% fibo and I recall Clay saying in a previous post that when you get the signal on the 15m t/f and you also get one on the hourly "this is a very strong move", what do you all think.
  • #676
  • Edited 10:59am Jun 10, 2010 10:47am | Edited 10:59am
Quoting Leone
Kostas,

First of all congratulations for succeding with dance method, and I wish you much more for the future. What I want to ask you is how big was your lot size when you started to use this method?

Regards,
Leo

Just came back from an all-day conference about "measures to help your company recover from the economic downturn". My head still hurts but I will try to respond to some posts.

Leo,
I started from the minimum allowed by FxPro (0.1 lots). I am at 0.4 now. Don't rush into raising the lots. I tried to keep it with the 3% risk (for 30 pips) but sometimes when didn't feel right I traded with smaller size.

Kostas
  • #677
  • Jun 10, 2010 10:54am Jun 10, 2010 10:54am
Quoting Ultimatus
Kostas,

How do you exit your trades? In the Dance manual Clay says to trail the SL behind the last 15M candle, but I have been getting stopped out at B/E a lot with this method.

Do you look for candles on M5/M1?

Thanks
Ultimatus,
Read through this and the Dance thread. All the info is there. In short, I usually exit at 15-20 pips and more rarely at 20-30 if it appears as a strong move. Several of my trades are 10-15p if price is erratic. I do use M5 and M1.

Kostas.
  • #678
  • Jun 10, 2010 10:58am Jun 10, 2010 10:58am
Quoting sopel
boom Todays first dance trade, and sooo sucsesful. SL now at .1463. Normally i was aiming for 20-30 pips but that one looked good for me .
GBP/USD

Leone, i for example started trading with 0.1 lot. This one is taken with 0.5.
Sopel,
What a beauty! This makes me feel sorry that I missed trading today. At least the conference was not boring....

Kostas
  • #679
  • Jun 10, 2010 11:02am Jun 10, 2010 11:02am
Quoting endroute
I don't participate much in the FF forums anymore after the BS that went on with Clay, but I wanted to respond to say job well done to Kostas and that this is possible for anyone....
Thank you Endroute.
I think I speak for everybody in this thread that we would greatly appreciate your contributions if you comment in here from time to time.

Kostas
  • #680
  • Jun 10, 2010 11:07am Jun 10, 2010 11:07am
Quoting morfisher
Hi Guys

An sma 365 would be worth looking at because this lines up nicely with the 38% fibo and I recall Clay saying in a previous post that when you get the signal on the 15m t/f and you also get one on the hourly "this is a very strong move", what do you all think.
Morfisher,
Thanks for the post. As Endroute just said, I would like to tweak the system only if it is a meaningful change. At the same time it would make sense to keep this as simple as possible. Of course, if you do some personal study and you find that the sma 365 makes good trades you can use it. If then you convince us that it is high probability then we may consider tweaking.

Kostas
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