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CHOROS System

  • #1,821
  • Sep 13, 2010 9:53am Sep 13, 2010 9:53am
Didn't take any trades... it's all ranging now, didn't see any valid signals. Wanted to take same trade as Kostas, but didn't because of pin bar and no actual touch of 10.
  • #1,822
  • Sep 13, 2010 12:07pm Sep 13, 2010 12:07pm
Quoting Norg
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).

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.
Hi Norg,
Welcome to the thread. Interesting comment about the MAs. I didn't realize that. Good luck with your trading!
  • #1,823
  • Sep 14, 2010 1:02am Sep 14, 2010 1:02am
Hi guys:

First trade today.

+13 pips. I sould have waited but I couldn't with my fear.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 14-09-2010_dance_1.gif Size: 77 KB
"Being picky only cost your time - not MONEY"...Hans
  • #1,824
  • Sep 14, 2010 1:12am Sep 14, 2010 1:12am
Quoting nando_rich
Hi guys:

First trade today.

+13 pips. I sould have waited but I couldn't with my fear.

Regards.
great!
i took the same for +28 pips!
nice start for us into the day!
trading is like dancing, don't think and just listen to the music!
  • #1,825
  • Sep 14, 2010 1:27am Sep 14, 2010 1:27am
Strong Daily support on 1,5350...be carefull with try shorts here...

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #1,826
  • Sep 14, 2010 2:29am Sep 14, 2010 2:29am
Quoting nando_rich
Strong Daily support on 1,5350...be carefull with try shorts here...

Regards.
thx FF-mate!
i was near to take the M15 10.
also there was the london opening that gave me a halt.
trading is like dancing, don't think and just listen to the music!
  • #1,827
  • Sep 14, 2010 3:24am Sep 14, 2010 3:24am
Quoting nando_rich
Strong Daily support on 1,5350...be carefull with try shorts here...

Regards.
Good piece of advice. You saw the results!
As I said before, you always need to be aware of major support/resistance points (H4 or Daily). Dance is providing additional S/R moving points (i.e. the MAs) where price reacts to and that's our bread and butter, but the high timeframes provide important S/R that we should always be aware of. If you look at my charts, you will notice some yellow lines of varying thickness on the M15. Every morning before I start trading, I change my M15 chart to H4 and Daily and I mark the important S/R, the more important the S/R the thicker the line. Then I switch the chart back to M15, and use the Dance MAs to trade but the yellow lines always tell me what's ahead. If there is a Dance signal but I have a yellow line right ahead, I do NOT take the trade.
  • #1,828
  • Sep 14, 2010 4:34am Sep 14, 2010 4:34am
interesting that most of the active posters from the start of this thread here like leemonk, puntala, activagent6488, hova, hiramp and so on...are not writing anymore.

did they give up the strategy quietly because of loosing?
trading is like dancing, don't think and just listen to the music!
  • #1,829
  • Sep 14, 2010 4:45am Sep 14, 2010 4:45am
I know, that Leemonk don't have time to trade all day now, so he switched to more long term trading on H4. Also he wrote about this some time ago in this thread (that he doesn't take dance trades, so he doesn't post).
  • #1,830
  • Sep 14, 2010 4:56am Sep 14, 2010 4:56am
Quoting birdland
interesting that most of the active posters from the start of this thread here like leemonk, puntala, activagent6488, hova, hiramp and so on...are not writing anymore.

did they give up the strategy quietly?
Good question. I know I have seen leemonk at "Ken's Continuing successes with EO's system". This is very close to CHOROS (EO is using essentially the same MAs but also some additional MAs and rules). Don't forget that Clay built the Dance based on EO's teachings also. Don't now about the others.
Our method is not for those that need a mechanical technique. You need to think and understand the markets. One of the reasons that you could never automate this into an EA.
  • #1,831
  • Sep 14, 2010 5:58am Sep 14, 2010 5:58am
Hello

Took eur/usd 15min. touch of 10 ema, anybody else took the same trade?
Attached File(s)
File Type: csv EURUSD15.csv   186 KB | 362 downloads
  • #1,832
  • Sep 14, 2010 6:06am Sep 14, 2010 6:06am
Hello , I need help with posting ,how do you post your charts here? how to attach it to the message?
thanks
  • #1,833
  • Sep 14, 2010 6:33am Sep 14, 2010 6:33am
Quoting kostas1
Our method is not for those that need a mechanical technique. You need to think and understand the markets. One of the reasons that you could never automate this into an EA.
this is why i love this methodology!
from my experience i know that robots or EAs are all doomed to failure in the long run.
trading is like dancing, don't think and just listen to the music!
  • #1,834
  • Sep 14, 2010 7:18am Sep 14, 2010 7:18am
Quoting piphunterr
Hello , I need help with posting ,how do you post your charts here? how to attach it to the message?
thanks
Piphunter,
You will need a screen grabber program (Windows 7 has its own). I use FastStone Capture. You save the image in JPG format and you attach it the same way you attached the Excel file in your previous message (When you create the message there is a button named "Attachments", you use that).
  • #1,835
  • Sep 14, 2010 7:27am Sep 14, 2010 7:27am
Quoting piphunterr
Hello , I need help with posting ,how do you post your charts here? how to attach it to the message?
thanks
take that, its free and easy use
http://www.zapgrab.net/
trading is like dancing, don't think and just listen to the music!
  • #1,836
  • Sep 14, 2010 7:58am Sep 14, 2010 7:58am
porcupine since 5 hours
trading is like dancing, don't think and just listen to the music!
  • #1,837
  • Sep 14, 2010 8:03am Sep 14, 2010 8:03am
Hi All,

where is the music band playing our dance right now ?
Drinking pause ?

Difficult to trade these moments...

Waiting for some move....
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-14_145901.png Size: 89 KB
  • #1,838
  • Sep 15, 2010 12:04am Sep 15, 2010 12:04am
Quoting Whenever
Hi All,

where is the music band playing our dance right now ?
Drinking pause ?

Difficult to trade these moments...

Waiting for some move....
Well the music band is back today
Keep an eye for confluences now. Yesterday's strong move will give good opportunities. Don't forget to look at the higher TF's. For example, it seems price did a ping-pong on Daily 35-50 (GU). It is currently bouncing from H4 10 (got my first +12p there). Just below that, the H1 has all three 35/50/62 MAs close to each other, so it seems to me that a bounce from those will be a good trade (if the price gets down there of course).
  • #1,839
  • Sep 15, 2010 12:47am Sep 15, 2010 12:47am
Quoting kostas1
For example, it seems price did a ping-pong on Daily 35-50 (GU).
Opened a test trade on demo based on this and left it overnight with reasonable TP... for me that was the best demo trade for a long time.
  • #1,840
  • Sep 15, 2010 1:04am Sep 15, 2010 1:04am
Anyone caught the yen movement caused by Japan's central bank?
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