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CHOROS System

  • #801
  • Jun 23, 2010 4:55am Jun 23, 2010 4:55am
check this, took two bar rule and made 2 transactions there... first closed +20 very quick, second is running, trying to catch 1.4950.
My entry was based only on 15M, but just checked what was on 5M.
We trade only first touch 10ma with 2 bars, so do not enter on next touch 10ma.
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  • #802
  • Jun 23, 2010 5:09am Jun 23, 2010 5:09am
Quoting sopel
check this, took two bar rule and made 2 transactions there... first closed +20 very quick, second is running, trying to catch 1.4950.
My entry was based only on 15M, but just checked what was on 5M.
We trade only first touch 10ma with 2 bars, so do not enter on next touch 10ma.
Hi Sopel,

Could you please mark your entry and exit? Did you go long? I saw the first pullback but I was not at home so I missed that..
  • #803
  • Jun 23, 2010 5:24am Jun 23, 2010 5:24am
i though it was clear

I'm trying to figure out why blackcat2 entered long but i don't see it.
price was droping for some time so for long we should wait for some constrainment:
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  • #804
  • Edited 7:46am Jun 23, 2010 7:34am | Edited 7:46am
Quoting sopel
i though it was clear

I'm trying to figure out why blackcat2 entered long but i don't see it.
price was droping for some time so for long we should wait for some constrainment:
Hi Sopel,

I presume we're talking about my previous chart? The prices were above the MAs and then moved down which indicate a pullback. It took two bars to reach EMA50 and then on the 3rd bar it started to move up, I was waiting on the 4th bar just so I can get a confirmation.. So I think I have done it according to the rules but if I wasn't, a pointer would be much appreciated.

On a hind sight, when looking at 1H chart, it touched the 35SMA and then started moving down so maybe I should've based my decision on that instead of 15M TF?

Thanks..
BC
  • #805
  • Jun 23, 2010 7:55am Jun 23, 2010 7:55am
This is my trade today. I based entry on the following:

1. Constrainment from H1 EMA10
2. Price had just bounced from H4 EMA10
3. Bounce from M15 EMA10
4. Bounce from M5 EMA10/35

Overall a great confluence trade, which is why I stayed with it that long. If I was a little more patient the perfect entry would have been the bounce from M15 35/50 three bars later. My SL was at 20p. My target was based on M5 price action (stalling).

Kostas
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  • #806
  • Jun 23, 2010 8:32am Jun 23, 2010 8:32am
it wasn't first time when something like that happens... and now original target reached
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  • #807
  • Jun 23, 2010 9:01am Jun 23, 2010 9:01am
Quoting sopel
it wasn't first time when something like that happens... and now original target reached
I was on that trade as well but moved my SL too early to +3 pip and got stopped >_<
  • #808
  • Jun 23, 2010 9:29am Jun 23, 2010 9:29am
most pairs moved pretty far, so i don't see any reason to watch it more
Just closed my last trade on usd/cad, today overall profit 198 pips, no loss ... someone want join dancing ??

Cheers.
  • #809
  • Jun 23, 2010 10:58am Jun 23, 2010 10:58am
Quoting sopel
most pairs moved pretty far, so i don't see any reason to watch it more
Just closed my last trade on usd/cad, today overall profit 198 pips, no loss ... someone want join dancing ??

Cheers.
Thats a lot of pips! Do you have a screenshot?
  • #810
  • Jun 23, 2010 12:46pm Jun 23, 2010 12:46pm
sure
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  • #811
  • Jun 23, 2010 12:58pm Jun 23, 2010 12:58pm
Quoting sopel
sure
Sopel,
I am speechless!!!!
Nice going. Keep up the good work.

Kostas

P.S. In terms of account% what do these pips represent?
  • #812
  • Jun 23, 2010 1:01pm Jun 23, 2010 1:01pm
you mean how much gained today ? in % ?... ohh i'll tell everything. Today morning my acc was 6200 usd, risking 3% on every trade (20 pips... about 200usd) gained 30%. Account now 8100... one more digit and another withdraw
  • #813
  • Jun 23, 2010 1:47pm Jun 23, 2010 1:47pm
Haha, I meant can I see the USD/CAD trade but don't worry now! Wow I am impressed on your results!

Do you trade any other systems apart from The Dance?

What pairs do you watch?

Is it normal for you to make 30% on your account in ONE DAY?? surely not


Please post as much as you can Sopel as I'm sure everyone here can learn from your trades.

Ed
  • #814
  • Jun 23, 2010 1:53pm Jun 23, 2010 1:53pm
Quoting sopel
you mean how much gained today ? in % ?... ohh i'll tell everything. Today morning my acc was 6200 usd, risking 3% on every trade (20 pips... about 200usd) gained 30%. Account now 8100... one more digit and another withdraw


And I thought MY trading was aggressive....
  • #815
  • Jun 23, 2010 1:56pm Jun 23, 2010 1:56pm
ofcourse not.
That was first day with so high gain, usualy i'm getting 5-10%, so maybe it's luck or something. One for sure, when i started dancing, i've learned much better pairs behaviour, and i'm more patient.

Earlier i was looking for "holy grail" (like everyone), tried many systems - there's a lot working, and more not working - but "The Dance" became as my holy grail.
Loses are very rare, gains are good.
At the beggining on forex, i started with 2000 account... earned 2,400 on first day, so i was sooo excited... one week later there was 0
Another transfer.... lost another 2000 but in 2 weeks...
Another transfer ... lost after 6 months... so in 8 months i've lost one year salary. I was desperated.
Last chance... paid only 300 usd, raised in month to 600... and then boom ! I've found The Dance topic on FF and started to learn... results as you can see
2 months ago i quit from job.

Most trades are taken on EU, GU, EJ, UCAD, OIL- but i don't recommend as always because you have to learn it's behavior, and spot only perfect setups. It can kill you. Especially when crude oil inventories are annonced.
I'm watching too nzd/usd, aud/jpy, dow and s&p - but trades there are very rare.
  • #816
  • Jun 23, 2010 2:04pm Jun 23, 2010 2:04pm
Haha nice work, good to see that your perseverance paid off! And you have quit your job wow, that is something I aspire to.

I am on my first $100 Oanda account, (well $96.80 due to the paypal charge lol) - at the moment it stands at $91.10....but my trading has definitely taken a turn for the better since finding The Dance, so won't be long now (a few days??) before I'm in the black!


Best of luck in your trading and keep posting!
  • #817
  • Jun 23, 2010 2:07pm Jun 23, 2010 2:07pm
Quoting sopel
ofcourse not.
1. That was first day with so high gain, usualy i'm getting 5-10%, so maybe it's luck or something. One for sure, when i started dancing, i've learned much better pairs behaviour, and i'm more patient.

2. Loses are very rare, gains are good.

3. Last chance... paid only 300 usd, raised in month to 600... and then boom ! I've found The Dance topic on FF and started to learn... results as you can see

4. 2 months ago i quit from job.
Sopel,
1. I am at 3-4% daily so you are doing far better in account growth
2. Agree. I get the same (75 trading days, 4 or 5 loosing days).
3. Weird but I also almost killed account and started to Dance from around 400 Euros
4. Not there yet but I may reconsider in 1 year.

Your approach of withdrawing and keeping the account small is interesting. I was mostly thinking of getting to around 30K and only then start withdrawing (so that I can trade 4-5 lots daily).

Overall, your success is something to be noted in this thread.

Kostas
  • #818
  • Jun 23, 2010 2:12pm Jun 23, 2010 2:12pm
"Your approach of withdrawing and keeping the account small is interesting. I was mostly thinking of getting to around 30K and only then start withdrawing (so that I can trade 4-5 lots daily)."

Not exactly first withdraw was at 3k and took 500 usd to pay bills , now i'll need again money , but i want to jump over 10k and withdraw only what will be over 10k. Final goal is 1 mln USD before year end. ... we'll se
  • #819
  • Jun 23, 2010 2:24pm Jun 23, 2010 2:24pm
Maybe the extra account growth is due to watching more pairs? Kostas, I know you only watch GBP/USD? Whereas sopal, judging by his screen shots watches several...
  • #820
  • Jun 23, 2010 2:30pm Jun 23, 2010 2:30pm
Quoting Ultimatus
Maybe the extra account growth is due to watching more pairs? Kostas, I know you only watch GBP/USD? Whereas sopal, judging by his screen shots watches several...
Good point. I don't feel confident to do multi-pairs yet. On the other hand, my MM is different. So one pair is enough to get my 30-40 pips.
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