CHOROS System | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #1,701
  • Sep 3, 2010 3:42am Sep 3, 2010 3:42am
Quoting birdland
yes, i would agree

did you take it?

Yes, Sir !
I did.

My exit was a +25 because I was afraid of the news strong movement..

(I tried to close at + 30 but a lot of requotes...)

Ok, I want to say that the result was also thanks to the GU negative news, but the Dance works guys !



That's seriously interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-03_103443.png Size: 119 KB
  • #1,702
  • Sep 3, 2010 3:58am Sep 3, 2010 3:58am
Quoting Whenever
Yes, Sir !
I did.

My exit was a +25 because I was afraid of the news strong movement..

(I tried to close at + 30 but a lot of requotes...)

Ok, I want to say that the result was also thanks to the GU negative news, but the Dance works guys !



That's seriously interesting...
great!

may i ask you what is the brown MAs on your D1?
because my D1 50ema is at 1.5415, your MA was on 1.5450, exact the RN.

thx in advance!
Attached Image
trading is like dancing, don't think and just listen to the music!
  • #1,703
  • Sep 3, 2010 4:16am Sep 3, 2010 4:16am
Quoting birdland
great!

may i ask you what is the brown MAs on your D1?
because my D1 50ema is at 1.5415, your MA was on 1.5450, exact the RN.

thx in advance!

Well, it's "just" the EMA50 loaded with the D1 Template posted by Clay.
I am not very expert in this matter, but could it depend on the broker ?
I use Exness.

I know that candels (and therefore closes => value of EMA) change from broker to broker, sometimes very strongly too...

I suppose this to have to do with the server time of the broker.
  • #1,704
  • Sep 3, 2010 4:18am Sep 3, 2010 4:18am
Quoting Whenever
Well, it's "just" the EMA50 loaded with the D1 Template posted by Clay.
I am not very expert in this matter, but could it depend on the broker ?
I use Exness.

I know that candels (and therefore closes => value of EMA) change from broker to broker, sometimes very strongly too...

I suppose this to have to do with the server time of the broker.
ok, thx. thats the matter. i use for the charts oanda and FCXM, i will switch to alpari.
trading is like dancing, don't think and just listen to the music!
  • #1,705
  • Sep 3, 2010 10:56pm Sep 3, 2010 10:56pm
Hi,can anyone change IT_Candle to show in sub chart? I think it's clearer to have it in sub chart for more visuality.
  • #1,706
  • Sep 5, 2010 5:49am Sep 5, 2010 5:49am
I m rather new to manual trading n struggle abit on this system during choppy period. is there anyway i can trade this on choppy period. when instead of touching, the price pierce through the Averages?
  • #1,707
  • Sep 5, 2010 2:25pm Sep 5, 2010 2:25pm
Quoting juzgood1978
I m rather new to manual trading n struggle abit on this system during choppy period. is there anyway i can trade this on choppy period. when instead of touching, the price pierce through the Averages?
During chop first priority is to observe the following:
1. If the chart is a "porcupine" (bars have long wicks on both sides and small bodies) then DO NOT trade
2. If bars are normal but M15 MAs are flat then I would suggest no trading but if you really want to trade you could use the 10 MA for small profit with a tight SL. NOT recommended for newbies though.

In general, I would stay away from choppy periods.
  • #1,708
  • Sep 5, 2010 10:51pm Sep 5, 2010 10:51pm
thanks meaning i better avoid during choppy times.
Quoting kostas1
During chop first priority is to observe the following:
1. If the chart is a "porcupine" (bars have long wicks on both sides and small bodies) then DO NOT trade
2. If bars are normal but M15 MAs are flat then I would suggest no trading but if you really want to trade you could use the 10 MA for small profit with a tight SL. NOT recommended for newbies though.

In general, I would stay away from choppy periods.
  • #1,709
  • Sep 6, 2010 1:42am Sep 6, 2010 1:42am
Good morning...

Waiting for h1 touch ema10 + ma's 35-50 m15 touch confluence...

What do you think about??
"Being picky only cost your time - not MONEY"...Hans
  • #1,710
  • Sep 6, 2010 2:02am Sep 6, 2010 2:02am
GU Long at 1.5466, wasnt able to get filled at low of 5461,
+10 pips in profits now, waitiing for +15 pips and will move stop to BE and close half the position.
Attached Image
  • #1,711
  • Sep 6, 2010 2:30am Sep 6, 2010 2:30am
Quoting nando_rich
Good morning...

Waiting for h1 touch ema10 + ma's 35-50 m15 touch confluence...

What do you think about??
Hi...first trade today.
Attached Image (click to enlarge)
Click to Enlarge Name: 06-09-2010_dance_1.gif Size: 80 KB
"Being picky only cost your time - not MONEY"...Hans
  • #1,712
  • Sep 6, 2010 2:35am Sep 6, 2010 2:35am
Quoting nando_rich
Hi...first trade today.
good trade nando, i had a similiar trade just a moment ago. closed half at 15 pips and waiting for the rest to advance higher. sighted a minor resistance at last high of 1.5490 though

got stopped out at entry for remaining positions.

GU moving lower again. Possible long again?
  • #1,713
  • Sep 6, 2010 2:47am Sep 6, 2010 2:47am
Quoting nando_rich
Hi...first trade today.
very good! despite USA-bank holiday i took this too for +11 pips.

before i took a normal touch (nr. 4) on the M15 10 and the white support line with Doji candle for +10 pips.

what do you think? was this a trade by the dance-rules?
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2010-09-06 um 09.44.58.png Size: 62 KB
trading is like dancing, don't think and just listen to the music!
  • #1,714
  • Sep 6, 2010 2:48am Sep 6, 2010 2:48am
Quoting willkohsg
good trade nando, i had a similiar trade just a moment ago. closed half at 15 pips and waiting for the rest to advance higher. sighted a minor resistance at last high of 1.5490 though

got stopped out at entry for remaining positions.

GU moving lower again. Possible long again?
Yes...It was a perfect setup...

About the GU moving lower again...Could be, but i don't like the H1 doble top what is forming to take longs now.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #1,715
  • Sep 6, 2010 2:51am Sep 6, 2010 2:51am
Quoting birdland
very good! i took this too for +11 pips.

before i took a normal touch (nr. 4) on the M15 10 and the white support line with Doji candle for +10 pips.

what do you think? was this a trade by the dance-rules?
I think that the ema10 angle wasn't enogh step. It also violates the "two bars rule".

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #1,716
  • Edited 4:38am Sep 6, 2010 3:07am | Edited 4:38am
Quoting nando_rich
Yes...It was a perfect setup...

About the GU moving lower again...Could be, but i don't like the H1 doble top what is forming to take longs now.

Regards.
u're right about that double top.
now hitting and bouncing off H1 35/50 MAs.

possible short term long?

GBPUSD just dropped 100 pips from its highs an hour ago.. anyone knows the reason for this? very sharp drop down.
  • #1,717
  • Sep 6, 2010 3:24am Sep 6, 2010 3:24am
i read the manual and saw the thread here mentioned confluence, what does "confluence"means? does it mean a confirmation of the 15m and 1h chart both touching MAs?
  • #1,718
  • Sep 6, 2010 3:41am Sep 6, 2010 3:41am
Quoting juzgood1978
i read the manual and saw the thread here mentioned confluence, what does "confluence"means? does it mean a confirmation of the 15m and 1h chart both touching MAs?
yes,
but a confluence is also when RN AND M15 MA are at the same level
it could also be M15 35 AND H1 10
and so on...
trading is like dancing, don't think and just listen to the music!
  • #1,719
  • Sep 6, 2010 5:17am Sep 6, 2010 5:17am
Quoting juzgood1978
i read the manual and saw the thread here mentioned confluence, what does "confluence"means? does it mean a confirmation of the 15m and 1h chart both touching MAs?
Confluence occurs when multiple points of resistance/support occur in very close proximity. For us this means: MAs from different timeframes, Round Numbers (RNs), Daily Pivots. When two or more of those occur close to each other the price has more chances to react (this is because more traders will react to this point, some traders may react to an MA, some others to an RN, etc.). Usually, the more of these points that are in confluence, the bigger the reaction.
  • #1,720
  • Sep 7, 2010 1:18am Sep 7, 2010 1:18am
Hi:

Today i've taken 2 trades.

1st negative: -10 pips.
2nd positive: +18 pips

Total now: +8pips. Wating for the next.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 07-09-2010_dance_1.gif Size: 78 KB
"Being picky only cost your time - not MONEY"...Hans
9 traders viewing now