CHOROS System | Page 241 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #4,801
  • Apr 14, 2011 9:52am Apr 14, 2011 9:52am
If only I hadn't taken the time to be on this morning to catch the confluence on GU, please let me know, as a amateur speaking if this trade is proper.
Confluence of
H1 50EMA touch, Weekly Pivot, M15 Pinbars, and M5 was there too, although had a double top but it looks like it would have been a damn good trade to me.
What do the more experienced dancers think?

Im still in the phase of building patience and discipline for good trades and following the rules closely, keeping it simple- Its a huge part.
Attached Image (click to enlarge)
Click to Enlarge Name: GU01.png Size: 216 KB
All posts are my personal opinion
  • #4,802
  • Apr 14, 2011 10:31am Apr 14, 2011 10:31am
Quoting Rtm
If only I hadn't taken the time to be on this morning to catch the confluence on GU, please let me know, as a amateur speaking if this trade is proper.
Confluence of
H1 50EMA touch, Weekly Pivot, M15 Pinbars, and M5 was there too, although had a double top but it looks like it would have been a damn good trade to me.
What do the more experienced dancers think?

Im still in the phase of building patience and discipline for good trades and following the rules closely, keeping it simple- Its a huge part.

First of all welcome! (I haven't seen you here)

Well done! If you look at the post before yours, you will see that I took excactly the same trade. Although I am not considered to be experienced dance trader, I could say that it is a proper trade. I am only trading the dance just 3 months now and It has been 2 weeks since I started observing these kind of trades so it is very important for you that you show it.
You are allowed to fall but you are imposed to get up!
  • #4,803
  • Apr 14, 2011 10:42am Apr 14, 2011 10:42am
Quoting Rtm
If only I hadn't taken the time to be on this morning to catch the confluence on GU, please let me know, as a amateur speaking if this trade is proper.
Confluence of
H1 50EMA touch, Weekly Pivot, M15 Pinbars, and M5 was there too, although had a double top but it looks like it would have been a damn good trade to me.
What do the more experienced dancers think?

Im still in the phase of building patience and discipline for good trades and following the rules closely, keeping it simple- Its a huge part.
i think it was a very good trade. it was first touch of 35/50 on h1, we had a reversal PA on m15 and we had a RN, Weekly pivot and D R1.. unfortunaly i didn´t tak this trade, because at the moment i´m concentrated on only 1 time frame m15.. after i´ll master it, i would look for another timeframes too =)
  • #4,804
  • Apr 14, 2011 11:05am Apr 14, 2011 11:05am
Quoting iero4
I hope you all took this G/U long trade! It was good for +40

Reason for entry:

1) M15 constrainment of price at the support level in confluence with price action confirmation (Doji) at M5.

2) Confluence with H1 50 touch.

Attachment
I missed this trade, but my chart shows even better reasons for taking the constrainment. Not only is it a support level, its also a confluence with (from top to bottom) the Weekly Pivot, the H1 62, the H1 50, the H4 10, and the M15 100 which gets a perfect touch at the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: 11508143_ MBT MetaTrader 4 - GBPUSD,M15.jpg Size: 86 KB
  • #4,805
  • Apr 14, 2011 6:36pm Apr 14, 2011 6:36pm
Very nice 40+ pips,

Confluence of:
Round Number 121
15M - 10MA
1H - 50MA
4H - Scooped up off 10MA
5M - pin bar
Attached Image (click to enlarge)
Click to Enlarge Name: 89.jpg Size: 224 KB
  • #4,806
  • Apr 14, 2011 7:30pm Apr 14, 2011 7:30pm
11 pips

Entry Reasons:
- Constrainment 15M 10&35MA
- Round Number
- 1H 10MA touch
- 4H trend up
- 5M contrainment 35/50MA's

TP @ 1.37 as there had been previous resistance there.
Attached Image (click to enlarge)
Click to Enlarge Name: 90.jpg Size: 224 KB
  • #4,807
  • Apr 14, 2011 7:39pm Apr 14, 2011 7:39pm
Behringer, what a nice EJ setup! Nice trade! Also, on M15 price tested the 121 RN resistance on 4 bars in the last 6 hours and failed to close above it.
Luck occurs when preparation meets with opportunity.
  • #4,808
  • Apr 14, 2011 8:04pm Apr 14, 2011 8:04pm
Quoting iero4
First of all welcome! (I haven't seen you here)

Well done! If you look at the post before yours, you will see that I took excactly the same trade. Although I am not considered to be experienced dance trader, I could say that it is a proper trade. I am only trading the dance just 3 months now and It has been 2 weeks since I started observing these kind of trades so it is very important for you that you show it.
Thank you, I am fairly new, I didnt really post much when I first created my FF profile. But now that I found a strategy in which I very much believe in, I wish to be a part of this thread, contribute, learn, share, and dance!

Alright sounds good, now I just need to make sure next time I spot one of these and get in it! haha
Cheers
All posts are my personal opinion
  • #4,809
  • Edited 3:20am Apr 15, 2011 12:43am | Edited 3:20am
All this sideways action has produced a squeeze play on these three pairs.

If they go North they all face pretty strong resistance, but all time frames will concur.

Should they go South, there is a fair bit of room before the other H4 MA as the 35/50s are wide on both and the daily 10 is pretty far from the 35/50 dailys.

Then again they could bounce around like a rubber lame duck for a few more days!

Attached Image (click to enlarge)
Click to Enlarge Name: 110415-3 way squeeze play.jpg Size: 130 KB


Update:

Attached Image (click to enlarge)
Click to Enlarge Name: 110415-3 way squeeze play 2.jpg Size: 193 KB
  • #4,810
  • Apr 15, 2011 3:24am Apr 15, 2011 3:24am
i took this trade on gbp/usd m15.. touch of 10,35,50 in confluence with h1 10 and m5 50... i entered too late because i waited for a bullish bar on m5 and my tp was smaller than my sl, my tp was at the revious high.. +8 Pips. it´s okay for me =)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.gif Size: 62 KB
  • #4,811
  • Edited 4:50am Apr 15, 2011 4:19am | Edited 4:50am
Quoting AndreyBecker
i took this trade on gbp/usd m15.. touch of 10,35,50 in confluence with h1 10 and m5 50... i entered too late because i waited for a bullish bar on m5 and my tp was smaller than my sl, my tp was at the revious high.. +8 Pips. it´s okay for me =)
Well done!

I missed that, and tried to get in when it came back and there was a double hammer on the M5 at the same MAs.... I got burned!

Attached Image



So.... here is today's video!
(Kostas will smash all his crockery when he watches this!)
  • #4,812
  • Apr 15, 2011 4:21am Apr 15, 2011 4:21am
Quoting duffypratt
I missed this trade, but my chart shows even better reasons for taking the constrainment. Not only is it a support level, its also a confluence with (from top to bottom) the Weekly Pivot, the H1 62, the H1 50, the H4 10, and the M15 100 which gets a perfect touch at the bottom.

Nice Duffy,

I show the confluence of Weekly Pivot, H1 50 and H4 10 but the other MAs like 62 and 100 I don't use them. I am still learning so the more MAs I use, the more complecated the chart. Moreover, I remember Clay saying "Keep your charts simple" :nerd:

Anyway, maybe later I will use them but not now. Thank you for your reply!
You are allowed to fall but you are imposed to get up!
  • #4,813
  • Apr 15, 2011 5:09am Apr 15, 2011 5:09am
Quoting bigtent
So.... here is today's video!
(Kostas will smash all his crockery when he watches this!)


Bigtent has found the thread's secret song.....
  • #4,814
  • Apr 15, 2011 5:14am Apr 15, 2011 5:14am
thanks for iero´s advice, that i should look on eur/jpy i took this trade on m15 eur/jpy. bounce of 35/50 in confluence with h1 35 and PA on m15.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 47 KB
  • #4,815
  • Apr 15, 2011 5:16am Apr 15, 2011 5:16am
Quoting bigtent
Well done!

I missed that, and tried to get in when it came back and there was a double hammer on the M5 at the same MAs.... I got burned!

Attachment


So.... here is today's video!
(Kostas will smash all his crockery when he watches this!)
a cool song
  • #4,816
  • Apr 15, 2011 5:27am Apr 15, 2011 5:27am
Quoting AndreyBecker
thanks for iero´s advice, that i should look on eur/jpy i took this trade on m15 eur/jpy. bounce of 35/50 in confluence with h1 35 and PA on m15.

Congrats !

ich erzählte Ihnen
You are allowed to fall but you are imposed to get up!
  • #4,817
  • Apr 15, 2011 5:41am Apr 15, 2011 5:41am
Quoting iero4
Congrats !

ich erzählte Ihnen
ευχαριστώ
  • #4,818
  • Apr 15, 2011 6:06am Apr 15, 2011 6:06am
Quoting AndreyBecker
thanks for iero´s advice, that i should look on eur/jpy i took this trade on m15 eur/jpy. bounce of 35/50 in confluence with h1 35 and PA on m15.
tp was hit! =) i´m down for today, we have a nice weather, so i will bask in the sun =) have a good weekend guys!

cheers

Andrey
  • #4,819
  • Apr 15, 2011 7:02am Apr 15, 2011 7:02am
I took this bounce off the confluence of 50 and 35, in confluence with the 100, the 200, the H1 50, the H1 10, the H1 35, and the H4 10. That's a whole lot of confluence.

I closed it for 10 pips, but it may go further. I didn't like a couple of hammers forming on the M5 right at its 35. And price is moving really slow tonight, and pretty much ranging everywhere I look.
Attached Image (click to enlarge)
Click to Enlarge Name: 11508143_ MBT MetaTrader 4 - EURUSD,M15.jpg Size: 63 KB
Attached Image
  • #4,820
  • Edited 9:51am Apr 15, 2011 9:35am | Edited 9:51am
Two nice bounces off 82.95. M15 shows they were good reversals. All TF are headed south. I'm looking for a pullback to touch the 10 or 35 on M15. How does it look to you guys?

Edit:
Ok, as I think about it more....

I'll be trading into the major RN 83.0. Those bounces at 82.95 are a little close, so that spells strong support. Since all TFs are headed south anyway I still think I'll take this trade, but only look for 10 pips. And if PA slows or stalls I'll get out quick. If it moves quickly and I were really bold, I might stay in looking to break through resistance. I don't think I'll do that, just be happy with 10 pips if I get them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 252 KB
Click to Enlarge Name: chart.jpg Size: 171 KB
Luck occurs when preparation meets with opportunity.
1 trader viewing now