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CHOROS System

  • #4,261
  • Feb 24, 2011 1:52am Feb 24, 2011 1:52am
Wow. If you've only just logged on, how annoyed are you now? AAA+ perfect setups on EJ and GJ for +70 and +100 points. I am kicking myself so hard right now, I've been out running errands and missed it all!

Ah well, maybe something else nice will happen tonight, but surely not on that scale.
  • #4,262
  • Feb 24, 2011 3:04am Feb 24, 2011 3:04am
Hey, guys!!

I took this trade on the eur/usd h1... What was wrong with my sl? Please, look at my chart..
Attached Image (click to enlarge)
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  • #4,263
  • Feb 24, 2011 3:54am Feb 24, 2011 3:54am
Quoting AndreyBecker
Hey, guys!!

I took this trade on the eur/usd h1... What was wrong with my sl? Please, look at my chart..

Were you trying first touch of 35/50? Then two problems- 35/50 was too flat and diverging. I wouldn't have taken it.

This is not pure dance and dont know if it belongs here. Dancers please ignore. But this was what EOHater called cross and reverse. 1H candle crossed 35/50 closed without wick ("dead ended") at 62 1H EMA. Could have baought at low with hardly any draw down.
Making money is easy- Just dont take losing trades
  • #4,264
  • Feb 24, 2011 3:56am Feb 24, 2011 3:56am
again a perfect dance-failure pattern.

reason: after the fakeout the market initially shooted up way too fast, ignoring EMA 10 and direct to 35/50. there it was for me a fact that this will continue.

taken profit for +38 pips,
still in the trade for 30%
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2011-02-24 um 10.53.06.png Size: 39 KB
trading is like dancing, don't think and just listen to the music!
  • #4,265
  • Feb 24, 2011 3:57am Feb 24, 2011 3:57am
Quoting birdland
again a perfect dance-failure pattern.

reason: after the fakeout the market initially shooted up way too fast, ignoring EMA 10 and direct to 35/50. there it was for me a fact that this will continue.

taken profit for +38 pips,
still in the trade for 30%
I gonna watch this stuff. I generally chicken out after fake outs.
Making money is easy- Just dont take losing trades
  • #4,266
  • Feb 24, 2011 4:07am Feb 24, 2011 4:07am
Quoting birdland
again a perfect dance-failure pattern.

reason: after the fakeout the market initially shooted up way too fast, ignoring EMA 10 and direct to 35/50. there it was for me a fact that this will continue.

taken profit for +38 pips,
still in the trade for 30%
Birdland, niceone. I was watching this trade looking for a long. I was waiting for a pull back to RN 1.375, but it never got there. There was a small pullback on M5 at around 1.376. What triggered your entry point on this trade and where did you get in?
  • #4,267
  • Feb 24, 2011 4:09am Feb 24, 2011 4:09am
GU touch of the 15M 50 EMA, taken +15 pips, the 1M chart shows good confirmation, entered on the second test. EU looks stopped at $1.3800, so it was a bit of confirmation for the GU short scalp

P.S. forgot to mention that there was also a confluence with 1H MA's, despite the RN under i consider it as a good scalp.
Better to lose opportunity, rather than capital !
  • #4,268
  • Feb 24, 2011 4:13am Feb 24, 2011 4:13am
EU has managed to go above $1.3800, so a touch of the 15M 10EMA will be a good entry now
Better to lose opportunity, rather than capital !
  • #4,269
  • Feb 24, 2011 4:21am Feb 24, 2011 4:21am
Quoting Survivor
Were you trying first touch of 35/50? Then two problems- 35/50 was too flat and diverging. I wouldn't have taken it.

This is not pure dance and dont know if it belongs here. Dancers please ignore. But this was what EOHater called cross and reverse. 1H candle crossed 35/50 closed without wick ("dead ended") at 62 1H EMA. Could have baought at low with hardly any draw down.
Yes, i was trying this.. Thanks...
  • #4,270
  • Feb 24, 2011 5:09am Feb 24, 2011 5:09am
Quoting behringer
Birdland, niceone. I was watching this trade looking for a long. I was waiting for a pull back to RN 1.375, but it never got there. There was a small pullback on M5 at around 1.376. What triggered your entry point on this trade and where did you get in?
i saw how the M5 closed above the 35/50 and then i installed a stop to buy above RN 3750, so i was in with 3551.3.
30% already sold for another +24pip.
trading is like dancing, don't think and just listen to the music!
  • #4,271
  • Feb 24, 2011 5:17am Feb 24, 2011 5:17am
The flat MA's in EU showed that the 10EMA touch wont work but ... However i lost 9 pips in that trade, i might be over trading today, if i continue trading... made +6 pips for today, good day to all!
Better to lose opportunity, rather than capital !
  • #4,272
  • Feb 24, 2011 5:19am Feb 24, 2011 5:19am
Quoting birdland
i saw how the M5 closed above the 35/50 and then i installed a stop to buy above RN 3750, so i was in with 3551.3.
30% already sold for another +24pip.
Okay thanks for that info Birdland, appreciate it.
  • #4,273
  • Feb 24, 2011 6:35am Feb 24, 2011 6:35am
Just a coincidence ?

Chart for furhter study of this concept, with no further comments.
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  • #4,274
  • Feb 24, 2011 6:45am Feb 24, 2011 6:45am
Quoting duffypratt
After a few Touch lessons, you will introduce her to constrainments??? It alls sounds a bit kinky to me.


I am sure the main reason of his good will was to "introduce" her to the Choros Strategy for sure... !!

I guess the next lesson should be about "ping pong" trading

  • #4,275
  • Feb 24, 2011 6:56am Feb 24, 2011 6:56am
Quoting Whenever


I am sure the main reason of his good will was to "introduce" her to the Choros Strategy for sure... !!

I guess the next lesson should be about "ping pong" trading


  • #4,276
  • Feb 24, 2011 7:00am Feb 24, 2011 7:00am
Here is my last two trades:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 5b - 23-02 EURUSD.png Size: 56 KB
Click to Enlarge Name: 7a - 24-02 EURJPY.png Size: 62 KB
Click to Enlarge Name: 7b - 24-02 EURJPY.png Size: 55 KB
  • #4,277
  • Feb 24, 2011 9:46am Feb 24, 2011 9:46am
Quoting Survivor
Were you trying first touch of 35/50? Then two problems- 35/50 was too flat and diverging. I wouldn't have taken it.

This is not pure dance and dont know if it belongs here. Dancers please ignore. But this was what EOHater called cross and reverse. 1H candle crossed 35/50 closed without wick ("dead ended") at 62 1H EMA. Could have baought at low with hardly any draw down.

Dear traders,
first of all I would like to say that this thread is one of the best in FF and it is a great help for us (newbees)
who try to stick with a "KISS" system. Many thanks to all! and Clay & Kostas of course.
About eu failed trade of Andrey Becker I believe that the H1/50 touch needed a little more "room" until to RN
1.37 It was also a perfect H1/62 touch and H4/10 confluence at the same vicinity. I also stopped out for a
2 pips at this trade and any other opinion of older member is welcomed!
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Attached Image
  • #4,278
  • Feb 24, 2011 11:03am Feb 24, 2011 11:03am
Quoting duffypratt
I had already been burned on one off hour trade in the afternoon. So I thought “I wonder if Survivor would take this now.” But instead of watching, I was away from the computer and then went to bed. By the 15th bar, this trade is simply crying out that it needs to be traded. Good for 30-40 pips, plus whatever Survivor milked from the lead up bars.
Sorry for missing that one.

About off hour: I take well formed constrainments in off hours. I believe that by nature constrainments are likely to be formed better during slow hours.Active fast markets will rarely give well formed constarinments. That's the reason i watch for them BEFORE major market open.

Taking the trade: " By the 15th bar, this trade is simply crying out that it needs to be traded. " That's when you should go for the kill. After enough screen times some setups BEG and cry to be traded- Please trade me please!

Milking- I am very careful with milking fast movers. They rarely get constrained long enough and with large enough candles. Here also i see very small candles. Of course initially it was possible to milk it for few pips but at those candles i wasn't sure if it's a good constrainment. By the time i was sure candles were too small. In any case i am not very keen on milking fast movers.

Here is how i actually traded it. Not how i would have traded. Of course, many improvements are possible in hindsight. Also i have just made up the chart with whatever i remember. Numbers may not be precise. But thats roughly how i actually traded it.

Hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 120 KB
Making money is easy- Just dont take losing trades
  • #4,279
  • Feb 24, 2011 11:58am Feb 24, 2011 11:58am
Quoting makonen
Dear...
I wonder if Kostas will allow discussions on advanced setups? Clay Does talk about a candle closing DEAD into an area of significant intrest. Ii always signals a reversal even if for few pips, if i remeber correctly.

In this thread we have stuck to basic rules for good reasons- not to confuse new comers. And trust me it's important. But at the same time i have incorporated a lots of things in my trading that i don't post here. Many of these ideas from Kostas posts. MAny others from "hidden fine print" in manual. And they have really helped me. My suggestion would be scour the manual for gems. It is well worth the effort.
Making money is easy- Just dont take losing trades
  • #4,280
  • Feb 24, 2011 12:48pm Feb 24, 2011 12:48pm
Quoting Survivor
Sorry for missing that one.

About off hour: I take well formed constrainments in off hours. I believe that by nature constrainments are likely to be formed better during slow hours.Active fast markets will rarely give well formed constarinments. That's the reason i watch for them BEFORE major market open.

Taking the trade: " By the 15th bar, this trade is simply crying out that it needs to be traded....
Thanks so much for this. It's very helpful. First, I think I need to take some baby steps before I learn to run, and that means I should at least get a few basic set-ups under my belt before trying to milk anything.

The real gold in your post, I think, is the idea that you don't take the trade until you have at least two- three candles closing above the MA. On top of that, I suppose it helps if you are also generally seeing higher highs and lows in an uptrend (and the opposite for a short).
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