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CHOROS System

  • #3,181
  • Dec 14, 2010 4:15am Dec 14, 2010 4:15am
<Demo Account>

EUR/JPY
Resons: Two to Reach there MA10 + going downwards + Steep.

Did not take it directly on the Touch; but went to 5 Mins. and took the trade (Size: 4.40 > Profit +20 pips).

is this an OK, "Dance" trade?




Thank you for your Support.
Attached Image
  • #3,182
  • Dec 14, 2010 4:20am Dec 14, 2010 4:20am
Thanks Kostas, will check it out.

Quoting natnimrey
I'd like to hear about that too.

And I think God decided to give me a 2nd chance...grabbed 15 pips here...but is it best to avoid a second tap of the same ema?
Attachment
Yes, definitely best to avoid it in my experience. Sometimes it works in your favour but the safest is always the first touch. I didn't take the second one in this case.
  • #3,183
  • Dec 14, 2010 4:25am Dec 14, 2010 4:25am
Quoting arha
Thanks Kostas, will check it out.



Yes, definitely best to avoid it in my experience. Sometimes it works in your favour but the safest is always the first touch. I didn't take the second one in this case.
Alrite, thanks...a bit of beginners luck for me thenlol
  • #3,184
  • Dec 14, 2010 4:36am Dec 14, 2010 4:36am
Tapped 35 SMA and almost 111.50...I entered kinda late tho...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 91 KB
  • #3,185
  • Dec 14, 2010 4:57am Dec 14, 2010 4:57am
Just in case someone has missed it, there were several nice constrainments todays in 1H charts. GU, Aud/usd, usd/chf all has beautiful constrainments that could have met daily target in single trade. I got whipsawed in CHf but caught Gu for +30. Hope someone else got it.
Making money is easy- Just dont take losing trades
  • #3,186
  • Dec 14, 2010 5:28am Dec 14, 2010 5:28am
Quoting kostas1
Not only that but it was constrained with the Monthly Pivot to the pip. Gave me +22p.
looks like i need to watch eu and gu together these few days
keep missing out on this good trades
  • #3,187
  • Dec 14, 2010 5:31am Dec 14, 2010 5:31am
Quoting wassimania
Hi willkohsg,

Thank you for your reply. But the script has the following code:

::::: ::::: :::::
int start()...
Hi Wassi

i dont know about code unable to help here.
if there's 2 lines there should be execution 2 times ?

my A_buy Script only shows one line for mine


//+------------------------------------------------------------------+
//| |
//| |
//| |
//+------------------------------------------------------------------+
//#property copyright ""
//#property link ""


//#property show_inputs

extern double StopLoss = 19;
extern double TakeProfit = 100;

//+------------------------------------------------------------------+
//| script program start function |
//+------------------------------------------------------------------+
int start()
{

double lots = GlobalVariableGet("ordersize");
//----
int ticket=OrderSend(Symbol(),OP_BUY,lots,Ask,3,Ask-StopLoss*Point,Ask+TakeProfit*Point,"",255,0,Green);
return(0);
}
//+------------------------------------------------------------------+
  • #3,188
  • Dec 14, 2010 5:33am Dec 14, 2010 5:33am
Quoting Survivor
Just in case someone has missed it, there were several nice constrainments todays in 1H charts. GU, Aud/usd, usd/chf all has beautiful constrainments that could have met daily target in single trade. I got whipsawed in CHf but caught Gu for +30. Hope someone else got it.
soon i'll be calling u-- Mr Constrainment

pls alert us if u see anything tmr.
i have a microscopic view of things ( cable only) so need more eyes to help me "see"
  • #3,189
  • Dec 14, 2010 5:50am Dec 14, 2010 5:50am
Quoting willkohsg
soon i'll be calling u-- Mr Constrainment

pls alert us if u see anything tmr.
i have a microscopic view of things ( cable only) so need more eyes to help me "see"
Got to agree. Survivor is becoming the thread's contrainment expert.
  • #3,190
  • Dec 14, 2010 6:09am Dec 14, 2010 6:09am
Quoting kostas1
Got to agree. Survivor is becoming the thread's contrainment expert.
Ah thats great to get a compliment from Kostas.

Wilk, will keep posting as i see things. More importantlly, i want all to see these trades so we have more fun. Unfortunately cant post charts while working. However, in evening will try and post charts about wht i was looking at.
Making money is easy- Just dont take losing trades
  • #3,191
  • Dec 14, 2010 7:13am Dec 14, 2010 7:13am
guys i'm not trading anymore today
but i just spotted this,

test of H1 35/50 ema.
would be good for a quick long of 10 pips

confluence of Daily Pivot + H1 35/50 EMA + H4 10 EMA
Attached Image
  • #3,192
  • Dec 14, 2010 7:28am Dec 14, 2010 7:28am
Hi,

but if I understand the rules correctly, you won't buy as you're below the M15 35/50 MAs right?

thanks,
K-
  • #3,193
  • Dec 14, 2010 11:01am Dec 14, 2010 11:01am
Quoting kostas1
Got to agree. Survivor is becoming the thread's contrainment expert.
I love constrainments. Reasons- Very reliable and hardly any drawdown. Here are the constrainments I spotted early today.

Notice common characteristics-

 

  1. Strong trend indicated by parallel or on top of each other 35/50. Converging 35/50 acceptable but never diverging. All Mas parallel and pointing towards same direction- not one going up another going down. BTW i use this for ALL dance trades. You dont want to be in market when MAs are in a mess.
  2. Many small candles that touch the MA. If candles are away from MA don’t count them. Number of candles will be minimum 3 though much larger in smaller time frames.
  3. Often price will wick through the constraining MA at least once- don’t panic. In my experience this just confirms the trade. In fact I am skeptical of trade when no candle wick through constraining MA.
  4. Look for slightly larger profit here than touch trades.
  5. Look for slow movers for constrainment- like AU,UC etc. Fast movers are better for touch trades.


Entry and Exit:
1. After you have spotted the constrainment wait for next candle. In next candle when price comes to constraining MA enter.
2. SL- Below/ above wick of the last candle that wicked through constraining MA. OR 10 pips below last candle low
3. Exit- Normal dance exit at S/R area in HTF. OR trail SL with 15M candle.

So you could have taken any one trade today morning and achieved target in one trade.

Not- GBP chart follows in next post. Had a similar constrainment in EU but i passed it because it never wicked through 10EMA. But was a valid by the rules trade.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 56 KB
Click to Enlarge Name: chf.jpg Size: 61 KB
Making money is easy- Just dont take losing trades
  • #3,194
  • Dec 14, 2010 11:03am Dec 14, 2010 11:03am
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 61 KB
Making money is easy- Just dont take losing trades
  • #3,195
  • Dec 14, 2010 2:56pm Dec 14, 2010 2:56pm
Quoting willkohsg
Hi Wassi

i dont know about code unable to help here.
if there's 2 lines there should be execution 2 times ?

my A_buy Script only shows one line for mine ....
......................................
Hi again willkohsg,

Thank you for your reply and support.

It worked for me Once today!!!! not sure Why? or How?
I got two trades open (Sell) with the same time and price!!!

After closing it. Tried another trade, opened only one.
Guess, I'll be manually opening two trades until I figure this out.

Regards.
  • #3,196
  • Dec 15, 2010 12:08am Dec 15, 2010 12:08am
Have been using dance for some time now. However am yet to short out how to integrate 15M charts with HTF.

Initially i tried to watch all the time frames and got confused beyond hope. So i started ignoring HTF altogather and trades 15M exclusisvely. This seems to work for me. Yet i have found Kostas and others using HTF sucessfully. Also, i have noticed some intresting insights can be gained from HTF. For example, yesterday GU long off 15M should have taken profit near highs because of D1 35. So slowly but surely i am moving towards philosophy that everything will work. 1H constrainment says it will go up then it will go up. If D1 35 says it will go down then it will go down. We have to trade between these conflicts.

Any thoughts on this from experienced dancers will be well appreciated.
Making money is easy- Just dont take losing trades
  • #3,197
  • Dec 15, 2010 1:22am Dec 15, 2010 1:22am
Quoting Survivor
Have been using dance for some time now. However am yet to short out how to integrate 15M charts with HTF.

Initially i tried to watch all the time frames and got confused beyond hope. So i started ignoring HTF altogather and trades 15M exclusisvely. This seems to work for me. Yet i have found Kostas and others using HTF sucessfully. Also, i have noticed some intresting insights can be gained from HTF. For example, yesterday GU long off 15M should have taken profit near highs because of D1 35. So slowly but surely i am moving towards philosophy...
Very good subject to discuss here. Here is my approach:
1. My focus is the M15 MAs. Trend is defined my the M15 35/50 and the price in relation to that (price above 35/50 then only long).
2. Optimize entry/exit by observing M5 action.
3. If higher TF (H1, H4, Daily) MAs are in front of my trade then I take quick profit quickly. This means that if my M15 signal tells me to go long but 15-20 pips in front of me there is higher TF MA which tells me to go short then I am very careful with this trade or even not take it at all.
4. If higher TF (H1, H4) gives a signal before the M15 does, I take the higher TF signal. In this case, the SLs need to be a little bigger and you need more patience for the trade to develop. If this is an H1, H4 10EMA touch then the trade is quick and the profit big. Daily 10 touch is more tricky because sometimes price will overshoot by 20pips or more before turning around, so I rarely take these. The higher TF 35/50 bounce is even trickier but when I observe the M5 bouncing from an H1 or H4 35/50 area, I wait for the M15 to reject the same area and then I will take a trade.

Overall, when learning the method, stay with the M15 signals but be aware of the higher TF MAs. When they agree with your M15 signal (either confluencing or with their direction) then your trade will be very strong. As you start becoming proficient with these, you can start testing 10EMA touch trades from H1 and H4. You don't need much more to be successful, just become an expert with these and your account WILL grow.
  • #3,198
  • Edited 3:17am Dec 15, 2010 1:34am | Edited 3:17am
good day everyone.
here's quick post
touch trade off m15 10 ema.
all higher TF mas above and not against this move.

entry 1.5736
target 1.5720
stop 1.5754

out at +10 when price went down to 1.5720 lows
Attached Image
  • #3,199
  • Dec 15, 2010 1:43am Dec 15, 2010 1:43am
Quoting duffypratt
I believe that past a certain minimal point, forex markets are fractal....
hey duffypratt thanks for ur reply , will read through.

i think one danger of short timeframe could be over trading whereas longer timeframe requires u to give the trade time for it to "work out"
  • #3,200
  • Dec 15, 2010 2:23am Dec 15, 2010 2:23am
Heres a nice touch trade off the 10ema on the 15min TF for ten pips nett, lucky I got out just before the london open as every thing went back north he he.

King Pippin
Attached Image (click to enlarge)
Click to Enlarge Name: euro15min.gif Size: 21 KB
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