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CHOROS System

  • #2,521
  • Nov 9, 2010 2:38am Nov 9, 2010 2:38am
good morning,
this touch M35/50 was good for more then +30pips
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trading is like dancing, don't think and just listen to the music!
  • #2,522
  • Nov 9, 2010 5:12am Nov 9, 2010 5:12am
As requested by kostas1, I would like to present the settled-down polling result in the attachment here. Note that this is a two-dimensional study and the result should be viewed as three separated groups according to their level of understanding of CHOROS. For examples, for the group of people with no understanding of CHOROS, their responses should be viewed as seeing CHOROS as an arbitrary system producing a result as stated, where 73% or 24 out of 33 (24+9) believed that it is not possible to achieve that level of result bascially with any system, while 100% (12 out of 12) of people who have seriously studied CHOROS believed that it is possible.

kk007
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  • #2,523
  • Nov 9, 2010 5:22am Nov 9, 2010 5:22am
Quoting kk007
As requested by kostas1, I would like to present the settled-down polling result in the attachment here. Note that this is a two-dimensional study and the result should be viewed as three separated groups according to their level of understanding of CHOROS. For examples, for the group of people with no understanding of CHOROS, their responses should be viewed as seeing CHOROS as an arbitrary system producing a result as stated, where 73% or 24 out of 33 (24+9) believed that it is not possible to achieve that level of result bascially...
where did you make this poll? in this thread i didnt find it.
trading is like dancing, don't think and just listen to the music!
  • #2,524
  • Nov 9, 2010 5:54am Nov 9, 2010 5:54am
http://www.forexfactory.com/showthread.php?t=260052

Here is the link of the poll
Better to lose opportunity, rather than capital !
  • #2,525
  • Nov 9, 2010 6:10am Nov 9, 2010 6:10am
Quoting metrilbg
http://www.forexfactory.com/showthread.php?t=260052

Here is the link of the poll
thank you metrilbg,
this is a bit contraproductive, because people using the dance are easiest to find HERE
trading is like dancing, don't think and just listen to the music!
  • #2,526
  • Nov 9, 2010 6:31am Nov 9, 2010 6:31am
Quoting kk007
As requested by kostas1, I would like to present the settled-down polling result in the attachment here. Note that this is a two-dimensional study and the result should be viewed as three separated groups according to their level of understanding of CHOROS. For examples, for the group of people with no understanding of CHOROS, their responses should be viewed as seeing CHOROS as an arbitrary system producing a result as stated, where 73% or 24 out of 33 (24+9) believed that it is not possible to achieve that level of result bascially...
Thanks kk007. Very interesting results and your analysis is correct.
I was interested in the last two items (people who have seriously studied CHOROS) and it seems that all of those that have studied the system find value into it. This gives me some satisfaction to keep the thread going.
  • #2,527
  • Nov 9, 2010 7:36am Nov 9, 2010 7:36am
Quoting birdland
thank you metrilbg,
this is a bit contraproductive, because people using the dance are easiest to find HERE
ok, now i understand why this was in the section "trading discussion".
its then also open to a lot more trader then here in this thread

interesting so far how many people think of being "not possible".
the mass media has already indoctrinated the people, that they belive you cannot make more the 8-10% a year consinstantly
trading is like dancing, don't think and just listen to the music!
  • #2,528
  • Nov 9, 2010 9:18am Nov 9, 2010 9:18am
Quoting kostas1
Thanks kk007. Very interesting results and your analysis is correct.
I was interested in the last two items (people who have seriously studied CHOROS) and it seems that all of those that have studied the system find value into it. This gives me some satisfaction to keep the thread going.
It's the time. This strategy actually requires people to watch the charts, to pay attention, to act quickly and decisively when needed (often after a fairly long stretch with nothing happening), and to learn something. I'm not putting anyone down, because I don't even know at this point whether I will have the dedication to sit through extended periods of chart watching, even with the gains that might be possible. (It doesn't help that prime hours here basically start at 1am.)

I have no doubt that there's value in this strategy. I have lots of doubts about my own ability to pull it off. For me, the biggest obstacles will be patience, and overcoming some of my fears.
  • #2,529
  • Nov 9, 2010 9:24am Nov 9, 2010 9:24am
Quoting duffypratt
It's the time....
yes, patience is the most difficult part in this game.
for me the trick is to watch and trade another two strategies so i dont get bored and have the patience to wait for the right signal.
trading is like dancing, don't think and just listen to the music!
  • #2,530
  • Nov 9, 2010 9:28am Nov 9, 2010 9:28am
Hi guys very interesting thread, like it.

Just one question, how many bounce trades do you guys have on average per day on EU using the 10ema, 50ema and 35sma? Cheers.
Trade the price action, not the cash!!!
  • #2,531
  • Nov 9, 2010 10:11am Nov 9, 2010 10:11am
I believe someone out there can doubling their account in a week or faster, so 3-9% are reachable target. For those who said its impossible think again!
Going where the money Flow
  • #2,532
  • Nov 9, 2010 11:01am Nov 9, 2010 11:01am
Hello Members,

Im a trader from Africa, i have been on this thread since about 5 months. I have drained out 2 of my mini accounts and i am back on Demo (since the past 2 months). However now i have got better with this strategy and the problem that i have is that i cannot upload my images for some proofs on my demo trading (i have also mentioned that in my previous posts).

What i have noticed and what i have tried is that you can easily make 20 pips if you trade both, London/Usa (at around 1pm GMT) and Asian market hours.... and you can easily also make 35 pips PER DAY (most of the days, if you are trading 2 pairs eg gbp/usd & gbp/chf or gbp/jpy) if you trade at around (7am GMT) + (1pm GMT) + the Asian market hours.

I agree with the poll! it is MORE THAN POSSIBLE!
It is only those who complicate things for themselves who think that its not possible. (Eg. People who use FIBS & MACD's for confirmation). This is my personal view.

and all senior members... (kostas, birdland... etc) Correct me if im wrong.
'To get something you never had, you have to do something you never did.'
  • #2,533
  • Edited Nov 10, 2010 1:18am Nov 9, 2010 10:57pm | Edited Nov 10, 2010 1:18am
Quoting Scullmeister
Hi guys very interesting thread, like it.

Just one question, how many bounce trades do you guys have on average per day on EU using the 10ema, 50ema and 35sma? Cheers.
Tough question there. It depends on how many times markets "turn". After every turn you get first touch if it's steep enough.Yesterday i can see two high probablity first touches that were good for quite few pips. Remeber that i have counted only 10EMA first touches in 15M. There are other MAs and other time frames.And then there are occasional constrainments.Also as you gain experience you will see many more opportunities that are not obvious initially.See the first trade marked in chart. You will miss it if you dont have exp. But other twos are pretty obvious even to a beginner. also note the "advanced trades" that manual talks about. After some exp there will be plenty of such trades.

The key is to trust that you will get good entries and wait patiently. Thats a big issue with trading- patient.Dont panic when markets start moving without you on board. You will get your share.
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Making money is easy- Just dont take losing trades
  • #2,534
  • Nov 10, 2010 12:58am Nov 10, 2010 12:58am
Quoting Survivor
The key is to trust that you will get good entries and wait patiently. Thats a big issue with trading- patient.Dont panick when markets start moving without you on borad. You will get into it.
I couldn't say it better than this
Better to lose opportunity, rather than capital !
  • #2,535
  • Nov 10, 2010 1:40am Nov 10, 2010 1:40am
+18 on this
Confluence of M15 10 and 35, M5 10 and 50, M60 10. Conservative TP at low of bar 2 bars back.

It has kept going..the multi confluence trades often go well

L
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All that matters is winning the week
  • #2,536
  • Nov 10, 2010 1:48am Nov 10, 2010 1:48am
Quick note since I have a lot of work today. Got the following email from Clay:

"By the way, give my cudos to duffypratt for his summary. Though I still think all the "extra" stuff of pivots, etc. just clouds the P.A. and actually learning to read the charts, his summary is pretty good stuff. Ruffled my "feathers" a bit with that "sainted martyr" comment as nothing could be farther from the truth. But, hey, it's all good. The Strategy works and people are learning and growing and becoming successfull.
God bless,
Clay"

In addition, he is working on a revised version of his manual that he may give me permission to post here later.
See you later,
Kostas
  • #2,537
  • Nov 10, 2010 2:25am Nov 10, 2010 2:25am
Quoting kostas1
Quick note since I have a lot of work today. Got the following email from Clay:

In addition, he is working on a revised version of his manual that he may give me permission to post here later.
See you later,
Kostas
Nice news, Kostas.
Thanks for reporting that.

First: to see at Clay is following us from "up there"

Second: to know that he still wishes to help the group, if he will like to give us some news on his study of this Strategy.

I really hope that he is going on well and pipping out everything possible.

My 3rd good news: + 17 from the trade below

Confluence of :
H1 - 10
M5 - 35 / 50
M15 - 35

All very near to a RN.

I could have perhaps waited further, but I closed seeing a past S/R zone there on the recent left side, so refer to wait for the next clearer situation.



I noticed the nice trade of Lindsayf before London Opening.
Are some of you having good / interesting results with trading some hours before Frankfurt / London opening ?
(just because it could be a possible time to trade for myself before starting to work ....)
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  • #2,538
  • Nov 10, 2010 2:36am Nov 10, 2010 2:36am
ok, i see everyone is faster reporting the possible trades, so i dont need to make this-thanks for that

yes, i like to trade 2 hours before london. often my day (like today) is done before london has openend.
nando_rich is also successful in doing this, what i observed.
trading is like dancing, don't think and just listen to the music!
  • #2,539
  • Nov 10, 2010 3:05am Nov 10, 2010 3:05am
Quoting birdland
ok, i see everyone is faster reporting the possible trades, so i dont need to make this-thanks for that

yes, i like to trade 2 hours before london. often my day (like today) is done before london has openend.
nando_rich is also successful in doing this, what i observed.
Hi Birdland,

sorry, did not want to take your work away from you...

Many many thanks for your information. I will study the charts on those times.

I would like to bring your attention to the EMA62 too (the Red one on my charts)

I saw that Kostas use it.
I do not absolutely say that it has to be "included" in the Dance yet, but a look at that could be worth.

M15 + 11 pips

Closed because of the EMA10 on the M5 chart approaching to a possible Touch upwards.

Grazie again.
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  • #2,540
  • Nov 10, 2010 3:43am Nov 10, 2010 3:43am
Quoting Whenever
Hi Birdland,

sorry, did not want to take your work away from you...

Many many thanks for your information. I will study the charts on those times.

I would like to bring your attention to the EMA62 too (the Red one on my charts)

I saw that Kostas use it.
I do not absolutely say that it has to be "included" in the Dance yet, but a look at that could be worth.

M15 + 11 pips

Closed because of the EMA10 on the M5 chart approaching to a possible Touch upwards.

Grazie again.
Hi whenever, i find you greenhill birdland and others counting pips while am still sucking my thumb waiting for a dance trade. Looks like you all have mastered trading confluence. Was just wondering if not waiting for perfect dance trade doesnt result in number of failed trades ?
Making money is easy- Just dont take losing trades
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