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CHOROS System

  • #2,201
  • Oct 20, 2010 9:21am Oct 20, 2010 9:21am
Quoting Trotty


My advice is to stick with kosta and not Endroute. Kostas advice is ideal for those starting out and using M15 as your main TF is more reliable and easy to understand than M5.

Study hard, read, read, read. It's not something that will stick overnight.

Thanks for the reply.... i understand the retraces part now
'To get something you never had, you have to do something you never did.'
  • #2,202
  • Oct 20, 2010 1:11pm Oct 20, 2010 1:11pm
Quoting Trotty
He may not be able to answer as he is an infrequent visitor to the thread.

A retrace is part of the ebb and flow of anything traded....

Sound advice. I stick with Kostas mot because he is best. I stick with him because he makes effort to explain things to us. God bless Kostas and may he make enormous amount of wealth.. May he make so much to be unavailable to us
Making money is easy- Just dont take losing trades
  • #2,203
  • Edited 10:30pm Oct 20, 2010 10:01pm | Edited 10:30pm
Okay if any of you is watching, some nice constrainment setups forming right now IMHO. Missed the bus oon GBPUSD but have sold EU. And guess what only she wont fall while all others are falling. Anyway small sl of 6 pips here. So not much worry. BTW big support down there in EURUSD in form of H1 MA confluence RN and PPA. would be trailing agressively with this one.

Edit1: Looking nice as it didnt find any buying at RN. moved sl to breakeven+6pips. Will watch 80 carefully now.

Edit 2: Trailed agressively. Hit at +10 pips.Might be choking my trades. Only time will tell but right now i am concered with positive pips not big pips.
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Making money is easy- Just dont take losing trades
  • #2,204
  • Oct 20, 2010 11:24pm Oct 20, 2010 11:24pm
Hey Guys:

Here my first touch trade trade for today on confluence M15 Ema 10+RN. I have started to use the m1 too for fine tune my entry.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #2,205
  • Oct 20, 2010 11:25pm Oct 20, 2010 11:25pm
M15 10 and RN touch trade short for 20 pips. Was a bit worried about the bounce off DP and W S1 beforehand but I thought it would try to fill the gap on between the H1 50 and 35, which it did. Closed at the H1 35.

Tried the same trade at a similar time on the EU, although it only had the 10MA with no other resistance. It was also bouncing of substantial support so probably wasn't a great entry. Got 7 pips up but then ended up with 8 pip stop loss getting hit.
Attached Image (click to enlarge)
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  • #2,206
  • Oct 20, 2010 11:44pm Oct 20, 2010 11:44pm
A quick few pips.

Edit: Should have stayed in it !
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  • #2,207
  • Oct 20, 2010 11:51pm Oct 20, 2010 11:51pm
i have to show you my incredible start in the day!
3 trades:
1. short m15 10, RN
2. long H1 35
3. short m15 35

so far +82pips!

i think i will go for a round golf now!
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #2,208
  • Oct 20, 2010 11:54pm Oct 20, 2010 11:54pm
Quoting simmo24
A quick few pips.

Edit: Should have stayed in it !
I took the same for +10 pips.

Entry 1,5811
Exit 1,5800 in RN.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 21-10-2010_35-50_touch2.gif Size: 81 KB
"Being picky only cost your time - not MONEY"...Hans
  • #2,209
  • Oct 20, 2010 11:56pm Oct 20, 2010 11:56pm
Quoting birdland
i have to show you my incredible start in the day!
3 trades:
1. short m15 10, RN
2. long H1 35
3. short m15 35

so far +82pips!

i think i will go for a round golf now!

Amazing guy...You are in roll...

Congratulations
"Being picky only cost your time - not MONEY"...Hans
  • #2,210
  • Oct 21, 2010 12:00am Oct 21, 2010 12:00am
Quoting nando_rich
Amazing guy...You are in roll...

Congratulations
thx, it was just so obvious and i had just to grab the pips
trading is like dancing, don't think and just listen to the music!
  • #2,211
  • Oct 21, 2010 12:10am Oct 21, 2010 12:10am
Quoting nando_rich
I took the same for +10 pips.

Entry 1,5811
Exit 1,5800 in RN.

Regards.
I took the bounce off the M35 as well for similar pips. I think Birdland knows how to hang in trades a bit longer than us. He's nailing it!

Not sure if you know but you if you go to Account History on your terminal, click and drag the completed trade onto the chart it will draw your trade for you automatically with arrows, TL, and mark where your last stop and TP were (like the chart on my previous post). Saves a bit of time compared to drawing and labelling it manually...
  • #2,212
  • Oct 21, 2010 12:27am Oct 21, 2010 12:27am
Quoting occamsrazors
I took the bounce off the M35 as well for similar pips. I think Birdland knows how to hang in trades a bit longer than us. He's nailing it!

Not sure if you know but you if you go to Account History on your terminal, click and drag the completed trade onto the chart it will draw your trade for you automatically with arrows, TL, and mark where your last stop and TP were (like the chart on my previous post). Saves a bit of time compared to drawing and labelling it manually...
I agree with you...Birland is a master now in the Dance (like Kostas)...I'm far of Dance like him.

I know that mt4 draw my trade, but I use oanda for trading.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #2,213
  • Oct 21, 2010 12:30am Oct 21, 2010 12:30am
Quoting nando_rich
I agree with you...Birland is a master now in the Dance...I'm far of Dance like him.

I know that mt4 draw my trade, but I use oanda for trading.

Regards.
Ah ok, I should have thought that you might use a non MT4 broker before posting...
  • #2,214
  • Oct 21, 2010 12:41am Oct 21, 2010 12:41am
Quoting birdland
i have to show you my incredible start in the day!
3 trades:
1. short m15 10, RN
2. long H1 35
3. short m15 35

so far +82pips!

i think i will go for a round golf now!
Huh... would have said impossible few weeks back. But now i know better. But that still sounds tioo fast! Congrats! you too stop trading like kostas?
Making money is easy- Just dont take losing trades
  • #2,215
  • Oct 21, 2010 1:13am Oct 21, 2010 1:13am
EURUSD gave two opportunities to buy in dance. First was confluence of MAs and later big rejection at 15M 10EMA. Was watching it but somehow didnt have the courage to take it. Happens so often with me. I just need to trust the system and do what it tells. Too much thinking is killing my profits.
Attached Image (click to enlarge)
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Making money is easy- Just dont take losing trades
  • #2,216
  • Oct 21, 2010 1:16am Oct 21, 2010 1:16am
Quoting Survivor
EURUSD gave two opportunities to buy in dance. First was confluence of MAs and later big rejection at 15M 10EMA. Was watching it but somehow didnt have the courage to take it. Happens so often with me. I just need to trust the system and do what it tells. Too much thinking is killing my profits.
I'm in it plus 20 pips atm.
  • #2,217
  • Edited 1:43am Oct 21, 2010 1:18am | Edited 1:43am
Caught a nice one for 30 pips on the EJ. I think I'll be joining Birdland on the golf course soon.

Edit : I'm finished for the day. Closed my Eur/usd for 20 pips to make 74 pips for the day.
Attached Image (click to enlarge)
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  • #2,218
  • Oct 21, 2010 2:03am Oct 21, 2010 2:03am
Quoting birdland
i have to show you my incredible start in the day!
3 trades:
1. short m15 10, RN
2. long H1 35
3. short m15 35

so far +82pips!

i think i will go for a round golf now!
Beautiful trading.
  • #2,219
  • Edited 2:32am Oct 21, 2010 2:10am | Edited 2:32am
It seems all of you are in a roll. Good job. I did some crazy trading today and broke my $$$/day record, but it was not a pure dance. I took the countertrend from the quick thrust through H4 10, H1 10/50/62, M15 35/50 just before the news. So I shorted at 1.5824 with TP at 1.5770 with maximum lots (SL 14p). I got filled through the news in seconds so now I am just too excited to continue trading (Advice: When you hit big profits in a trade, stop trading immediately otherwise you might give it back. Also stop trading after a big loss since you may try to revenge and you will loose more).
  • #2,220
  • Oct 21, 2010 2:20am Oct 21, 2010 2:20am
Hi guys i have just finished reading through the manual, wrote down a bucket load of notes on this strategy, set my charts up and just watching for now. It seems to be very effective (although i haven't placed a trade yet). I notice that trading this live is slightly different in that when live trading, the wick doesn't quite touch the MA's (sometimes), then bounces, but then after a few candles it does look like it did touch it (obviously because the market has moved so the MA has followed the price either up or down). So although the history/back test looks like some of the candles just touched the MA's, in live they actually didn't. Do you guys wait until the price literally bounces off of the MA's in live trading or do you sometimes take trades when the price is quite near them, then bounces, taking into account round numbers, price action bars, etc, etc? Cheers....
Trade the price action, not the cash!!!
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