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CHOROS System

  • #4,761
  • Apr 12, 2011 7:05am Apr 12, 2011 7:05am
Quoting AndreyBecker
we took the same, look at my last post
As it was moving up to touch the 35/50 on the M15 there was a strong upwards cross of the 200 on the M1.

That would have argued against the trade.
  • #4,762
  • Apr 12, 2011 9:57am Apr 12, 2011 9:57am
Hello Andrey & Iero,
I also took the same trade short eu @1.4407 m15/35-50 touch.
Also it was H1/50 touch and stopped out too!
I think that the big long candle as Greenhill said , show the power of bulls .... or it is the percentage of fail that
we have to accept at this bussiness.....
Anyway I took just now eu long @1.4485 closed +20!
choros trade m15/touch but fine tunning with m5/50 touch
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 32 KB
  • #4,763
  • Apr 12, 2011 10:07am Apr 12, 2011 10:07am
Pretty incredible opportunity on the ej at ~121.86 as it touched the merging 50 and 35 on the H1 from the bottom.

A short would have netted more than 80 pips.

Wish I had!
Attached Image
  • #4,764
  • Apr 12, 2011 4:50pm Apr 12, 2011 4:50pm
I am new to the Choros System but my results one week now are good but still learnirg (about 70% wins in real account of course)!!
I will focus only to this system from tommorow...


Thanks Kostas!
Eyxaristw Kostantine gia tis plirofories!!
  • #4,765
  • Apr 12, 2011 6:49pm Apr 12, 2011 6:49pm
Quoting bigtent
The simple way of identifying it, is to look at the different TFs. You have the M15 going short and the HTFs sitting just below it. That means dancing a waltz and rock'n'roll on the same floor... collisions are inevitable. I have the MTF MAs on my chart for this reason.... looks ugly, but works.

Attachment

During these times, from what I have observed, it appears that bounces off various levels are the only way to trade it as the standard Dance has problems (MA soup of sorts).

The problem is picking which MA/Pivot/RN or confluence...
How do you put all the MA in one chart?
  • #4,766
  • Apr 12, 2011 9:32pm Apr 12, 2011 9:32pm
Quoting msj_rs
How do you put all the MA in one chart?
Use the MTF indicators attached. They are basically the same, but one can only show 2 time frames, so I copied them and changed the defaults so that they show H1, H4 and D1 and when you put your mouse on them it shows which one it is if you have "Show object descriptions" ticked in the chart preferences.

(I think that M30 is in there as well, but I set its colour to "None" so it doesn't show).

Attached File(s)
File Type: mq4 Dance MovingAveragesMTF.mq4   5 KB | 535 downloads

Attached File(s)
File Type: mq4 Dance MovingAveragesMTF.1.mq4   5 KB | 469 downloads
  • #4,767
  • Apr 13, 2011 3:39am Apr 13, 2011 3:39am
my first trade for today in eur/usd. bounce of the 35/50 on m15 in confluence with 10 on h1 and a bounce of the 35/50 on m5 with a pin bar. sl = 13 Pips tp = 13 pips
tp was hit
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.gif Size: 53 KB
  • #4,768
  • Apr 13, 2011 3:40am Apr 13, 2011 3:40am
Quoting bigtent
Use the MTF indicators attached. They are basically the same, but one can only show 2 time frames, so I copied them and changed the defaults so that they show H1, H4 and D1 and when you put your mouse on them it shows which one it is if you have "Show object descriptions" ticked in the chart preferences.

(I think that M30 is in there as well, but I set its colour to "None" so it doesn't show).

Attachment
Attachment
Thanks Bigtent!! I'll try to use it.
  • #4,769
  • Apr 13, 2011 6:28am Apr 13, 2011 6:28am
Thought I'd show the UK Squeeze ...

And below it you'll find the link to ...........

Attached Image (click to enlarge)
Click to Enlarge Name: 110413-uk squeeze.jpg Size: 120 KB


The video!

PS... it just popped and went north, but I didn't have a clue which way to trade it
  • #4,770
  • Apr 13, 2011 6:33am Apr 13, 2011 6:33am
Quoting bigtent
Thought I'd show the UK Squeeze ...

And below it you'll find the link to ...........

Attachment

The video!

PS... it just popped and went north, but I didn't have a clue which way to trade it
i can´t watch this video =(
  • #4,771
  • Apr 13, 2011 7:26am Apr 13, 2011 7:26am
Quoting AndreyBecker
my first trade for today in eur/usd. bounce of the 35/50 on m15 in confluence with 10 on h1 and a bounce of the 35/50 on m5 with a pin bar. sl = 13 Pips tp = 13 pips
tp was hit
Andrey, nice job on that trade this morning. I see you entered at the close of the signal candle. Aren't the Dance rules that we are supposed to enter at the moment price touches the MA? Or are you being more conservative? I don't mean to contradict you but I'm trying to figure out the precise entry and exit rules. Also, how did you decide on 13 pips SL and TP? Thanks!
Luck occurs when preparation meets with opportunity.
  • #4,772
  • Apr 13, 2011 7:31am Apr 13, 2011 7:31am
Quoting bigtent
Thought I'd show the UK Squeeze ...

And below it you'll find the link to ...........

Attachment

The video!

PS... it just popped and went north, but I didn't have a clue which way to trade it
I didn't trade it either, but I consider the PA in gu from testerday until now very strange. The 15m chart looks like an inverse constrainment. I think it's all part of the bounce off the D10.

http://i56.tinypic.com/158rhl.png
  • #4,773
  • Apr 13, 2011 7:53am Apr 13, 2011 7:53am
Hey guys,
I just wanted to say hi to all (old and new members). I am not posting much but I am following the thread on the sidelines. Keep up the good work and thanks to the old guys who help the newbies.
Stay focused and don't give up. The method really works when you get over the learning stage.

Kostas
  • #4,774
  • Apr 13, 2011 7:58am Apr 13, 2011 7:58am
Quoting kostas1
Hey guys,
I just wanted to say hi to all (old and new members). I am not posting much but I am following the thread on the sidelines. Keep up the good work and thanks to the old guys who help the newbies.
Stay focused and don't give up. The method really works when you get over the learning stage.

Kostas
Hey kostas, hope all is well, great to see your thread is still going strong, even without you being around much
  • #4,775
  • Apr 13, 2011 9:05am Apr 13, 2011 9:05am
Nice trade on the EU this morning at 9:00 est. Price came up to touch the 10 EMA as it was crossing down through the 35 on the M15, in the midst of a big constrainment with the 10 (on the H1) and 50 EMA.

A short at 1.4497 would have netted more than 25 pips
Attached Image
  • #4,776
  • Apr 13, 2011 9:20am Apr 13, 2011 9:20am
Quoting cmeade2
Nice trade on the EU this morning at 9:00 est. Price came up to touch the 10 EMA as it was crossing down through the 35 on the M15, in the midst of a big constrainment with the 10 (on the H1) and 50 EMA.

A short at 1.4497 would have netted more than 25 pips
That is a classic reversal trade. Survivor talked about it in this thread someplace. I entered at 1.4493 after the 2 five minute tails formed.

http://i54.tinypic.com/i299i0.png
  • #4,777
  • Apr 13, 2011 9:57am Apr 13, 2011 9:57am
Quoting AlienFrog
Andrey, nice job on that trade this morning. I see you entered at the close of the signal candle. Aren't the Dance rules that we are supposed to enter at the moment price touches the MA? Or are you being more conservative? I don't mean to contradict you but I'm trying to figure out the precise entry and exit rules. Also, how did you decide on 13 pips SL and TP? Thanks!
hey, AlienFrog you could enter this trade exactly at the touch and make more pips as i, but i nearly always wait for the PA on the M5-chart... do you see the pin bar on my last chart? (M5) the close of that bar was my entry point, it was the reaction of the touch... my sl was 1 Pip under the low of this candle... it were 13 Pips.. i still must work on my exits, so at the moment my exits are the same as my sl, also in this trade 13 Pips too... =)

for me it is a good method always to look at the PA on m5, (i have this method from kostas) and it seems to be a good way for me too.. i think i will master the exits of this strategy in the next weeks, so i´m realy happy about this =)) i hope you can master it soon too!

i wish you all the best

cheers

Andrey
  • #4,778
  • Apr 13, 2011 10:17am Apr 13, 2011 10:17am
Pretty incredible pin bar closing at 11:00 est on the M15 for the EJ, just below the 50 on the H1, the 50 on the M15 and the declining 10 EMA on the M15.

The next bar moved down more than 40 pips!
Attached Image
  • #4,779
  • Apr 13, 2011 10:30am Apr 13, 2011 10:30am
Quoting AndreyBecker
hey, AlienFrog you could enter this trade exactly at the touch and make more pips as i, but i nearly always wait for the PA on the M5-chart... do you see the pin bar on my last chart? (M5) the close of that bar was my entry point, it was the reaction of the touch... my sl was 1 Pip under the low of this candle... it were 13 Pips.. i still must work on my exits, so at the moment my exits are the same as my sl, also in this trade 13 Pips too... =)

for me it is a good method always to look at the PA on m5, (i have this method from kostas) and it...
Andrey, thanks for the detailed reply. I did not understand your M5 earlier but I understand your thinking now. I'm trying to think every decision according to a method, not just "guessing." This really helps me! I'm sure you will master your exits soon, too. Many more pips to you!
Luck occurs when preparation meets with opportunity.
  • #4,780
  • Apr 13, 2011 7:25pm Apr 13, 2011 7:25pm
Quoting iero4
I would like to share with everybody and especially the newbies like me my current psycology.

I started dealing with FOREX 6 months ago. I didn't have any strategy, risk management or proper psycology. I only had 300 USD to lose and so I did...

...But whatever it takes and even if it take me 1 year of reading, I WILL manage to become consistent and succesfull. And I think all newbies should think this way. Don't stop trying if you really like trading.

Regards
Iero
I found this thread about 3 weeks ago and I'm still reading many different parts. It will take some time to get to it all, then I'll want to read it over again to help it sink in. Then, probably again...

Iero4 I just read your post from April 1 http://www.forexfactory.com/showpost...postcount=4646

I also started seriously studying forex only recently, although I've been interested in trading for years. I've blown out several demo accounts and also traded a $100 account down to $34. But the second time I ran the simulator using the Dance I was profitable, even though I made some terrible mistakes!

This is the first system to give me confidence that trading forex REALLY WILL WORK! Iero4, I am echoing your sentiment: Whatever it takes I WILL master forex and be successful. And at this moment, it looks like it won't take years and years like many other professions.

Thanks once again to Clay, DuffyPratt, Kostas, iero4, AndreyBecker, Whenever, Natnimreyand all the others who are sharing their knowledge, experiences, and hard work, and keeping this thread going. I'm still a newbie now, but once I get good at this I hope to also help future newbies the way you guys are helping me. I know I'll be thanking you guys more in future posts, but I really don't think it will ever be enough times.
Luck occurs when preparation meets with opportunity.
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