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CHOROS System

  • #1,801
  • Sep 10, 2010 3:25am Sep 10, 2010 3:25am
Quoting Whenever
Thank You LuckyLady,
Thank You Counor,

I'll surely have a look at that in future.
So, it's more or less back to what Kostas said, he would prefer to wait for signals of London's open. (which is actually also mentioned in Clay's ebook)

News in few minutes, so perhaps the "big dogs" knowing what direction the price will be going, were looking to get a good level before the news ..?

Let's see...
I wouldn't necessarily wait until London opens, birdland had a good trade beforehand, but unless I was already in a trade, I wouldn't open one that close to a major market opening.

Edit: Thats not actually what I meant to say. If London has just opened and its flying up, I wouldn't put in a trade, that I expected to go down. Thats better
  • #1,802
  • Sep 10, 2010 3:32am Sep 10, 2010 3:32am
Great to see, that my failing trade helped someone. Personally i already knew about "FOFO", but for some reason I disregard it, because there were a lot of different situations previously and my mind is all messed up right now. Thanks for comments, will make notes about this specifically and try to make more attention next time. By the way there are not much posts with losing trades.
  • #1,803
  • Sep 10, 2010 3:39am Sep 10, 2010 3:39am
Quoting messiahua
Great to see, that my failing trade helped someone. Personally i already knew about "FOFO", but for some reason I disregard it, because there were a lot of different situations previously and my mind is all messed up right now. Thanks for comments, will make notes about this specifically and try to make more attention next time. By the way there are not much posts with losing trades.
I also knew about FOFO and took the same trade you did. And lost too!!

From observation it seems to me that the constrainment trades that set up just before Frankfurt or London open are safe to take - as they catch the first move of the session. The dangerous one is the first pull back when London opens!
  • #1,804
  • Sep 10, 2010 3:46am Sep 10, 2010 3:46am
Quoting counor
I also knew about FOFO and took the same trade you did. And lost too!!

From observation it seems to me that the constrainment trades that set up just before Frankfurt or London open are safe to take - as they catch the first move of the session. The dangerous one is the first pull back when London opens!
I guess we need to watch out, if there is a big move (price jumped up very quickly), because yesterday it happened only for two m15 bars and it was normal m15 10 touch, which worked...
  • #1,805
  • Sep 10, 2010 3:46am Sep 10, 2010 3:46am
Quoting messiahua
Great to see, that my failing trade helped someone. Personally i already knew about "FOFO", but for some reason I disregard it, because there were a lot of different situations previously and my mind is all messed up right now. Thanks for comments, will make notes about this specifically and try to make more attention next time. By the way there are not much posts with losing trades.
Hi,
I would like to tell you that I really appreciate your charts even when losing, because I think we all can learn a lot from them A LOT as well.

Thank you Messiahua for your posts.
  • #1,806
  • Edited 4:10am Sep 10, 2010 3:55am | Edited 4:10am
Funny thing, took this one as a m15 10 and pivot and it worked already for 20 pips... but it is on demo this time

Edit: closed it a bit late (demo anyway). You can see a pin bar on m5, it would have been a perfect exit by "choros quick profit" rule.
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  • #1,807
  • Sep 10, 2010 4:07am Sep 10, 2010 4:07am
Quoting messiahua
I guess we need to watch out, if there is a big move (price jumped up very quickly), because yesterday it happened only for two m15 bars and it was normal m15 10 touch, which worked...
Thats also right, the momentum was pretty big as London opened today and also look at the difference between yesterdays hourly which closed as London opened (1) and today's (2).
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  • #1,808
  • Sep 10, 2010 5:04am Sep 10, 2010 5:04am
Hello, any new addition/discovery to this strategy?

Any new manuals or stories?

I'd love to read more on this strategy....... when are you launching the next manual?
'To get something you never had, you have to do something you never did.'
  • #1,809
  • Sep 10, 2010 5:39am Sep 10, 2010 5:39am
Quoting crazzzzzy
Hello, any new addition/discovery to this strategy?

Any new manuals or stories?

I'd love to read more on this strategy....... when are you launching the next manual?
There is not going to be any new manual in the near future. Clay has done a beautiful job and was kind enough to update the manual even after he could no longer post here. Why would you need a new manual anyway? We got all the info we need right here.
As far as additions/discoveries they are discussed in this thread. So, read the thread and if you have questions we will be happy to answer them.
  • #1,810
  • Sep 10, 2010 6:09am Sep 10, 2010 6:09am
Is it a valid constraint? Any thoughts?
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  • #1,811
  • Sep 10, 2010 8:56am Sep 10, 2010 8:56am
Quoting crazzzzzy
Hello, any new addition/discovery to this strategy?

Any new manuals or stories?

I'd love to read more on this strategy....... when are you launching the next manual?


yes Kostas has said it all, no addition, all discovery are still by the rules, most bounce off MAs are at S/R level. put that into consideration. As clay always say, you will get there and never give up. my trade it is getting better day by day.
  • #1,812
  • Sep 10, 2010 5:33pm Sep 10, 2010 5:33pm
Hello Everyone, i am new to the dance/choros system and to forex.

i live in africa so its a little difficult to attach files here. i tried the attachment, it said done but i didnt see the number of my attachments turning to one, anyways i also uploaded the picture here http://www.facebook.com/photo.php?pi...00001463418674

The question is, where i have circled in that pic, Why doesnt the price go up after the touch (it does go up 20 pips though, but i think i should go up about 50 pips) That is a H1 Chart.

Question 2: What is 'THE BEND'? i read somewhere in the manual that you see the BEND is it the way the 5 and 10 emas are bent? (DOWNWARDS).

and by the way, sorry for using my girls fb to attach the photo, thats the only way i knew because only JAVA UPLOADS work for me. otherwise it will take ages to upload and fail!
'To get something you never had, you have to do something you never did.'
  • #1,813
  • Sep 11, 2010 1:44pm Sep 11, 2010 1:44pm
Quoting crazzzzzy

The question is, where i have circled in that pic, Why doesnt the price go up after the touch (it does go up 20 pips though, but i think i should go up about 50 pips) That is a H1 Chart.

Question 2: What is 'THE BEND'? i read somewhere in the manual that you see the BEND is it the way the 5 and 10 emas are bent? (DOWNWARDS).
Hi crazzzzzy,
1. This question is easy. There is no "SHOULD" in trading. There is no reason why the price SHOULD go up for 50 pips. Next time take your 20pips, close the trade and be happy for it. Don't let it retrace back to 0.

2. I am assuming you mean the part where Clay says that you take the constrainment trades when the 10 "bends towards" the 35/50 direction. If they go down and the 10 bends down then it is safer to trade that way.
  • #1,814
  • Sep 13, 2010 3:49am Sep 13, 2010 3:49am
first touch and constrainment on M15 10 looks very promising.
trading is like dancing, don't think and just listen to the music!
  • #1,815
  • Sep 13, 2010 3:53am Sep 13, 2010 3:53am
Quoting birdland
first touch and constrainment on M15 10 looks very promising.
I actually took the very first touch which was not a "real touch" but it was confluenced with the RN and due to the strong move before I took it. I took 3/4 of my trade for +22p and left the other 1/4 to run according to the rules. It seemed to be hesitating a lot, so I closed that at +17p. (As always my trades appear as dotted blue lines)
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  • #1,816
  • Sep 13, 2010 5:08am Sep 13, 2010 5:08am
Quoting kostas1
I actually took the very first touch which was not a "real touch" but it was confluenced with the RN and due to the strong move before I took it. I took 3/4 of my trade for +22p and left the other 1/4 to run according to the rules. It seemed to be hesitating a lot, so I closed that at +17p. (As always my trades appear as dotted blue lines)

I must admit my "unclearness" concerning the opening of the markets.
Was that Touch not at 8.15 London time ?
Doesn't London open at 9.00 London time ?
Shouldn't we better wait for the open of London, even to avoid some FOFO effect ?

Just to be clear: my questions do not want at all to be polemical.
They are just to better understand the best possible way of trading.

(Even because the touch EMA10 and RN was practically perfect)
  • #1,817
  • Sep 13, 2010 5:58am Sep 13, 2010 5:58am
First: hi to every one in the thread; I read it through all the last week, and this morning, I just made my first successful Dance trade (very much on Kostas1's setup).

Quoting Whenever
I must admit my "unclearness" concerning the opening of the markets.
Was that Touch not at 8.15 London time ?
Doesn't London open at 9.00 London time ?
Shouldn't we better wait for the open of London, even to avoid some FOFO effect ?
I think if there's a near-to-perfect setup during Frankfurt opening, you might as well use it, just being careful not to take this trade too forward into the London session - exactly because the London opening might invalidate a Frankfurt setup! But if you trade (open AND CLOSE) inside Frankfurt, I think it's OK.

Another thing I noticed in this thread: sometimes people assume that X-period MA on H1 chart matches 4X-period MA on 15M chart. This is not mathematically true (results might be close enough for SMAs, but they are pretty different for EMAs). So, you have to switch charts to see the MAs precisely.
  • #1,818
  • Sep 13, 2010 6:19am Sep 13, 2010 6:19am
Quoting Whenever
I must admit my "unclearness" concerning the opening of the markets.
Was that Touch not at 8.15 London time ?
Doesn't London open at 9.00 London time ?
Shouldn't we better wait for the open of London, even to avoid some FOFO effect ?

Just to be clear: my questions do not want at all to be polemical.
They are just to better understand the best possible way of trading.

(Even because the touch EMA10 and RN was practically perfect)
London opens at 8am London time.
  • #1,819
  • Sep 13, 2010 6:24am Sep 13, 2010 6:24am
Quoting Whenever
I must admit my "unclearness" concerning the opening of the markets.
Was that Touch not at 8.15 London time ?
Doesn't London open at 9.00 London time ?
Shouldn't we better wait for the open of London, even to avoid some FOFO effect ?

Just to be clear: my questions do not want at all to be polemical.
They are just to better understand the best possible way of trading.

(Even because the touch EMA10 and RN was practically perfect)
The touch I took was 15min after London open. I was still afraid of FOFO and it seems the price indeed retraced back down.
  • #1,820
  • Sep 13, 2010 9:43am Sep 13, 2010 9:43am
so far a difficult day for me,
closed it with 3 losses in a row for -32pips
trading is like dancing, don't think and just listen to the music!
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