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CHOROS System

  • #2,281
  • Oct 24, 2010 1:12pm Oct 24, 2010 1:12pm
by the way, intu made an interesting comment.
that for me is inspiring to appeal to everybody, who wants to get forward with this strategy to read the manuall SEVERAL TIMES.
everything is in it, i have always a printed version near my bed and red it almost 8 times. i always find some new worthful detail.
and trading has a lot to do with details. its a details-game. ignoring details is in summary the accounts death.
trading is like dancing, don't think and just listen to the music!
  • #2,282
  • Oct 24, 2010 1:36pm Oct 24, 2010 1:36pm
Quoting birdland
by the way, intu made an interesting comment.
that for me is inspiring to appeal to everybody, who wants to get forward with this strategy to read the manuall SEVERAL TIMES.
everything is in it, i have always a printed version near my bed and red it almost 8 times. i always find some new worthful detail.
and trading has a lot to do with details. its a details-game. ignoring details is in summary the accounts death.

I cant agree more. Every time i lose using this system i go back to manual and find hey it was there. I missed it! I mean its really simple if you can read the manual once and soak in everything but that's possible only for few amongst us. Rest of us must read and re read the manual.

For example sometimes the comments made by experts will make no sense and sound like magic. Then suddenly i see its no magic- its in manual!

My suggestion is if you are starting out, read it every night. And read it after every loss- the reason you lost will jump out at you.
Making money is easy- Just dont take losing trades
  • #2,283
  • Edited 3:26pm Oct 24, 2010 3:12pm | Edited 3:26pm
Quoting birdland
i guess not many.
check out the fellows who have been following this thread from the start.
most of them, about 90%, dont show up here again.
i guess, in a few weeks or so most of the excited&hot guys&girls will also not posting and watching this thread.

that means to me:
a) they lost constantly so they lost interest and gave up.
b) they lost constantly so they lost interest and looked for a new exciting gameplan.

somebody who wins knows that you have to constantly adapt to changes and learn, learn and learn.
therefore you need the "home-thread"...
Oops ... that from you birdland? I read this post and ignored it thinking i must not let negativity in. Now i realize it was you! That's shocking to me. You ARE making good pips birdland. If you don't talk optimistic who will?

No offenses meant to you but I really miss eclayf. His every comment is positive and encouraging, Wish he was around to guide us. F*&^ FF who banned him. ECLAYF if you are reading it, please start a thread somewhere and let us know. We (at least I) need your comments.

Edit: Birdland as i read it again i sounds offensive. Again, NO offenses meant to you. You have been of great help. I just miss the warmth and love with which elayf explained things and encouraged newbies. Hope you continue to help others and me despite this adverse comment.
Making money is easy- Just dont take losing trades
  • #2,284
  • Oct 24, 2010 5:22pm Oct 24, 2010 5:22pm
Posts like this are why so many people outright fail at trading, everyone wants something for nothing, everyone is looking for that system that is going to tell them when to trade that will make them rich. IT DOES NOT EXIST SO QUIT LOOKING. The only way to success is hundreds if not thousands of hours of practice and learning to become a successful trader. If you are not willing to put in this kind of effort and dedication do yourself and everyone on this forum a huge favor and quit now.

Only by learning one system and learning it well will anyone ever garner any success, it does not even necessarily matter what the system is as long as it suits your personality and you have the necessary confidence in it to be able to pull the trigger and stick to your rules.






Quoting Saidar
Interesting system, if I may how many people are actually making a constant profit using this system?
  • #2,285
  • Edited Oct 25, 2010 3:03am Oct 24, 2010 11:35pm | Edited Oct 25, 2010 3:03am
Here is an observation that i have made. This is NOT dance and i havent even backtested it. It is an observation- maybe i am "seeing" (or dreaming) too much. But have any of you observed this too?

I find that just after 10 EMA has turned downward in direction, a pin bar like formation where the candle wicks through 10 EMA but closes right below the 10 EMA is often good signal for a "counter trend" entry. Similarily after 10 EMA has turned upward. Have been seeing such candles quite frequently which made me wonder if any of you too have observed it.

I am NOT trading them. I am currently sticking only to constrainment trades. But if many of you have observed this then maybe it works.

Just to illustrate what i mean here is a chart. Notice marked candles.

Edit: One such candle just formed in EU... took it for the heck of it. Got 20 pips. Not bad for newbie trying contra tred
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 66 KB
Making money is easy- Just dont take losing trades
  • #2,286
  • Oct 25, 2010 2:59am Oct 25, 2010 2:59am
Quoting Survivor
Oops ... that from you birdland? I read this post and ignored it thinking i must not let negativity in. Now i realize it was you! That's shocking to me. You ARE making good pips birdland....
no, no i got it right what you ment.

well, my post was not negativ, it was just to UNDERSTAND why many people loose and dont show up again after being here for a few weeks.
for me this is very encouraging NOT to give up and always master something and as endroute said before there is no perfect system.
its just that u stick with a system that fits to you.

most of the traders are constantly seekers, i am not anymore seeking, i found it and have now a relationship with it. and from this relationship comes the deepness you need to become successful.

but we are living in a consumers world, where you go to the shopping mall to get quick happy.
in trading you will quick get sad

by the way i think ECLAYF is reading the thread, but after accusing him such stupid things he is not more willing to write here on FF. what i can understand very well.
they should do something to get him back and contact him in a positiv way.
trading is like dancing, don't think and just listen to the music!
  • #2,287
  • Oct 25, 2010 3:05am Oct 25, 2010 3:05am
Quoting Survivor
Here is an observation that i have made. This is NOT dance and i havent even backtested it. It is an observation- maybe i am "seeing" (or dreaming) too much. But have any of you observed this too?

I find that...
goog observation!
well, at my stage as a beginner and learner of dance i only want to go with the trend.
but sometimes if i feel strong i might take a countertrend trade.
trading is like dancing, don't think and just listen to the music!
  • #2,288
  • Oct 25, 2010 3:14am Oct 25, 2010 3:14am
3 lost arrow for me today...bad day...

Don't worry ...tomorrow more
"Being picky only cost your time - not MONEY"...Hans
  • #2,289
  • Oct 25, 2010 3:16am Oct 25, 2010 3:16am
Quoting nando_rich
3 lost arrow for me today...bad day...

Don't worry ...tomorrow more
i am also -11 pips so far
the day startet with weak 10ema and RN touches
trading is like dancing, don't think and just listen to the music!
  • #2,290
  • Edited 3:25am Oct 25, 2010 3:18am | Edited 3:25am
Was short on previous candle. But was actually watching this trade. Just managed to cover my short. Waited for actual "touch" to go long. But looks like it never touched! Happens sometimes when too much confluence is there. Hope some of you got it.

Edit: And now it IS touching! Funny but thats how life with MAs is. sometimes we must miss trades like this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 71 KB
Making money is easy- Just dont take losing trades
  • #2,291
  • Oct 25, 2010 3:20am Oct 25, 2010 3:20am
GU is looking crazy today think I'll stay out
  • #2,292
  • Oct 25, 2010 3:24am Oct 25, 2010 3:24am
Quoting birdland
no, no i got it right what you ment.

well, my post was not negativ, it was just to UNDERSTAND why many people loose and dont show up again after being here for a few weeks.
for me this is very encouraging NOT to give up and always master something and as endroute said before there is no perfect system.
its just that u stick with a system that fits to you.

most of the traders are constantly seekers, i am not anymore seeking, i found it and have now a relationship with it. and from this relationship comes the deepness you need to become successful.

but...

Thanks frnd..
Just noticed you claiming you are a strater in another post! Then what am I?

Anyway, i have seen lots of things working in daily charts with huge SL. No magic is need there. Its when you have to trade intra day with very thin Sl, things get nasty. I had traded daily charts for quite some time without problem. but for intraday everything i tried had failed before i faound this thread. Now i know this is something which works. So am certainly sticking to it.

I do hope ECLAYF is reading it and knows how his work is helping others as per his wish.
Making money is easy- Just dont take losing trades
  • #2,293
  • Oct 25, 2010 3:30am Oct 25, 2010 3:30am
Quoting nando_rich
3 lost arrow for me today...bad day...

Don't worry ...tomorrow more
I had 3 losers as well, although managed to get 15 pips back just now on EU m15 35 bounce long with exit when PA stalled at RN and M15 10
  • #2,294
  • Oct 25, 2010 3:36am Oct 25, 2010 3:36am
Quoting Survivor
Thanks frnd..
Just noticed you claiming you are a strater in another post! Then what am I?

Anyway, i have seen lots of things working in daily charts with huge SL. No magic is need there. Its when you have to trade intra day with very thin Sl, things get nasty. I had traded daily charts for quite some time without problem. but for intraday everything i tried had failed before i faound this thread. Now i know this is something which works. So am certainly sticking to it.

I do hope ECLAYF is reading it and knows how his work is helping others...
What people don't realise is that it's NOT about the pip count it is about the profit you make from those pips.

A guy who taught me system a while ago always bragged because he made like 500 pips a day or something but moneywise it was less than 1% of his count per day which did not make a lot of sense to me.

If 20 pips a day grows your account by 2% then it is a lot better than 1000 pips a day that does not grow your account at all.

That's what makes this system excellent because of the small stop loss you can risk more and thus make the same profit with a quick 30 pip trade compared to a day trader that need 200+ pips to make the same amount of money
  • #2,295
  • Oct 25, 2010 3:41am Oct 25, 2010 3:41am
Quoting Survivor
Was short on previous candle. But was actually watching this trade. Just managed to cover my short. Waited for actual "touch" to go long. But looks like it never touched! Happens sometimes when too much confluence is there. Hope some of you got it.

Edit: And now it IS touching! Funny but thats how life with MAs is. sometimes we must miss trades like this.
I see that happening a fair bit, the MA gets pulled up afterwards. Sometimes if I see PA stalling on the M1 for a few candles just above the MA I'm targetting for entry I will take it. A bit more risky though...
  • #2,296
  • Oct 25, 2010 3:44am Oct 25, 2010 3:44am
Quoting Saidar
What happened to no more than two losers per day hehe
Hehe...I allow myself 3 losers of 10 pips each per day, but today I closed a couple early so didn't take a full loss, so I generously gave myself one more trade....but you're right...close to over trading!
  • #2,297
  • Oct 25, 2010 3:47am Oct 25, 2010 3:47am
Quoting occamsrazors
Hehe...I allow myself 3 losers of 10 pips each per day, but today I closed a couple early so didn't take a full loss, so I generously gave myself one more trade....but you're right...close to over trading!
Sorry I was wrong it is three not two my mistake
  • #2,298
  • Oct 25, 2010 3:50am Oct 25, 2010 3:50am
Quoting Saidar
Sorry I was wrong it is three not two my mistake
No probs Saidar
  • #2,299
  • Oct 25, 2010 5:13am Oct 25, 2010 5:13am
Anyone having sucess with ping pong today? i am staying out. But watch for some action in HTF charts. If any of you trades AUDUSD then watch that one out too.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 71 KB
Attached Image
Making money is easy- Just dont take losing trades
  • #2,300
  • Oct 25, 2010 5:38am Oct 25, 2010 5:38am
Quoting Survivor
Anyone having sucess with ping pong today? i am staying out. But watch for some action in HTF charts. If any of you trades AUDUSD then watch that one out too.
There have been two good trades on eu. The first one I had a small gain; it kind of tricked me because it didn't quite touch the m15 35. The second I missed because I fell asleep.

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