CHOROS System | Page 261 | 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

  • #5,201
  • Jun 10, 2011 2:54am Jun 10, 2011 2:54am
I may be wrong but my understanding was that after a quick move one may take profit on the first half and at the same time move the stop for the second half to BE.

Just so I understand the lot sizing thing correctly:

In your case you trade 17 lots, does that mean that you open two simultaneous positions of 8.5 lots? I understand your daily target is 30 pips, is that thirty pips on 17 lots, or 30 pips on 8.5 lots, and what's the initial percentage risk in relation to the initial stoploss for the total 17 lot entry...?
  • #5,202
  • Jun 10, 2011 3:48am Jun 10, 2011 3:48am
Nice 50 pips trade today! Not exactly from the book (took 3 bars to "get there"), but PA on EJ was confirming the entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 10.06 EURUSD.jpg Size: 442 KB
  • #5,203
  • Edited 5:02am Jun 10, 2011 4:19am | Edited 5:02am
Wow you got in at the exact tops and bottoms?

I think it would be better if everybody showed the entries on all the charts so it is easier to see what's going on in the big picture.

Edit: See http://www.forexfactory.com/showthre...72#post4677772
  • #5,204
  • Jun 10, 2011 5:10am Jun 10, 2011 5:10am
Quoting kostas1
Correct. I am at 16.8 lots normally and I traded the bank rate news with 1.7 lots.
...W O W !!!!




Great work, Kostas.

Do you remember the feeling of the first page of this Thread ?
It was a bit smaller lot size at that time, right ?
  • #5,205
  • Jun 10, 2011 5:13am Jun 10, 2011 5:13am
First 35 touch on M15 and 2 bars retrace on H1 on GU.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 321 KB
  • #5,206
  • Jun 10, 2011 5:14am Jun 10, 2011 5:14am
more or less same thing on EU.
Only entered too late, but Ok

Daily achieved +30.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 309 KB
  • #5,207
  • Jun 10, 2011 5:41am Jun 10, 2011 5:41am
Quoting Whenever
...W O W !!!!




Great work, Kostas.

Do you remember the feeling of the first page of this Thread ?
It was a bit smaller lot size at that time, right ?


Actually, one of the most difficult parts is remembering that feeling, since I had to keep focusing on the pips only and ignoring the money that the bigger lots represent. But after doing this over and over you just forget it represents money and focus on your daily 30p target (only at the end of the day I look at the account balance).
  • #5,208
  • Jun 10, 2011 5:58am Jun 10, 2011 5:58am
This is what Choros is talking about. M15 35/50 bounce in confluence with H1 10 touch on EUR/JPY which was good for at least +40 pips although I took only +20.

Attached Image (click to enlarge)
Click to Enlarge Name: Χωρίς τίτλο.jpg Size: 148 KB
You are allowed to fall but you are imposed to get up!
  • #5,209
  • Jun 10, 2011 6:34am Jun 10, 2011 6:34am
Quoting Whenever
First 35 touch on M15 and 2 bars retrace on H1 on GU.
Wow!!! Perfect entry!!
  • #5,210
  • Jun 10, 2011 8:20am Jun 10, 2011 8:20am
This is as good as it gets, almost from the book and manuals! Sorry for posting a capture "after the fact", but it is always good to see how powerful the strategy is! The first set-up would have been in real life too scary for me as 50ema is flat and 50 and 35 are separated from each other, als trend on 1H is definitely down! All other setups are almost perfect! Wish more such days for everyone! Have a nice weekend, fellow Dancers!
Attached Image (click to enlarge)
Click to Enlarge Name: 10.06.11 EJ.jpg Size: 298 KB
  • #5,211
  • Jun 10, 2011 11:45am Jun 10, 2011 11:45am
Quoting makron
Wow!!! Perfect entry!!
coupled with the resistance area on the left its a great entry.
i suggest to all to mark S/R areas and couple them with the dance, you will be amazed at the improvement of sucessful signals and your confidence in taking the trade.
Attached Image
  • #5,212
  • Jun 10, 2011 3:48pm Jun 10, 2011 3:48pm
I've been testing "The Dance" for a few months now and its working pretty well (although I only have time to trade one or two signals per day) but theres a problem with the EMA5 and EMA10.
If you look at charts from yesterday oder last week you'll find a lot of trading opportunities from EMA5 oder 10, but if you're trading live the EMAs are moving with the price and it's pretty hard - for me - to get the right entry.

Let's say the EMA5 is at 1.44145 in EUR/USD and you're looking for a short trade. But if the pice has reached 1.44145 the EMA ist a bit higher e.g. at 1.44170. What are you doing? Are you entering a short trade at 1.44145 or are you waiting until the price has realy touched the EMA?
  • #5,213
  • Jun 11, 2011 12:48am Jun 11, 2011 12:48am
Quoting Demika
I've been testing "The Dance" for a few months now and its working pretty well (although I only have time to trade one or two signals per day) but theres a problem with the EMA5 and EMA10.
If you look at charts from yesterday oder last week you'll find a lot of trading opportunities from EMA5 oder 10, but if you're trading live the EMAs are moving with the price and it's pretty hard - for me - to get the right entry.

Let's say the EMA5 is at 1.44145 in EUR/USD and you're looking for a short trade. But if the pice has reached 1.44145 the EMA...
go to the first page in the table of contents look for Anticipating the Touch on the Moving MA,
also there is a M15 10/5 topic there a bit lower from the above.
  • #5,214
  • Jun 11, 2011 10:44am Jun 11, 2011 10:44am
Buddies!!

I havent been posting here for quite some time. So i though i would just stop by and say hello to my old mates.

I dont post much because i dont have much to add after what i have already posted. However i do keep a track of things here.

Dance remains my main trading system and those who remember me will recall that i am trading constrainments very well. As far as touch trades go, i have modified the system a bit and "made it my own". Of course i cant dare to spoil this great thread with diversions thats why i dont post any of my touch trades.

Great work going Kostas. Keep it up. Newcomers pleae read through the thread. There is lots of info burried there. And if you dont get it right after two three reads, pls ask. We have some great minds around here to help.

Wish everyone great sucess in trading!

Cheers
Making money is easy- Just dont take losing trades
  • #5,215
  • Jun 11, 2011 2:02pm Jun 11, 2011 2:02pm
Quoting Payles
This is as good as it gets, almost from the book and manuals! Sorry for posting a capture "after the fact", but it is always good to see how powerful the strategy is! The first set-up would have been in real life too scary for me as 50ema is flat and 50 and 35 are separated from each other, als trend on 1H is definitely down! All other setups are almost perfect! Wish more such days for everyone! Have a nice weekend, fellow Dancers!
It's nice to have people that trade different currencies than EU, GU here. Keep up the good work with EJ!
  • #5,216
  • Jun 11, 2011 2:08pm Jun 11, 2011 2:08pm
Quoting Survivor
As far as touch trades go, i have modified the system a bit and "made it my own". Of course i cant dare to spoil this great thread with diversions thats why i dont post any of my touch trades.
Hey friend. Nice seeing you around here. This thread seems "constrainment-poor" without your posts.
I agree with you and asos that the thread is complete and newcomers should just read and re-read everything that is here and they will find all the answers they need.
But I think the thread could be enriched by new ideas from experienced dancers. So, if you feel like it, you can present your modifications to the touch.
  • #5,217
  • Jun 12, 2011 11:13pm Jun 12, 2011 11:13pm
Quoting kostas1
Regular account, but I am going to create the ECN and test it since I was thinking of moving to another broker.
Ooops. Just as I was about to open an account with Fxpro. May I ask why you consider moving and where to ?


Another question: Do you ALWAYS check the M1/M5 before entering ? Are there any cases where you will enter on a touch without checking price action in the lower time frames ?
  • #5,218
  • Jun 13, 2011 1:36am Jun 13, 2011 1:36am
Quoting micmic
Ooops. Just as I was about to open an account with Fxpro. May I ask why you consider moving and where to ?


Another question: Do you ALWAYS check the M1/M5 before entering ? Are there any cases where you will enter on a touch without checking price action in the lower time frames ?
FXPro is fine, but at big lots I started seeing some annoying delays in execution. I will test their ECN before moving, since they are convenient and fast in withdrawals.
With touches I always use M5/M1 since sometimes the touch happens after the close of the bar in the bigger TF. Using M5/M1 you can spot the reversal and enter with very small SL. Then when the M15 bar closes you can see that the touch happened when the reversal in the M5 was occurring. But, for many people seeing fast price action like M1 can be confusing. I suggest at least using the M5.
  • #5,219
  • Jun 13, 2011 3:21pm Jun 13, 2011 3:21pm
Just crunching the numbers @ 16.8 lots with 30pips per day - you are booking approx. $5K a day! Now that is impressive....just goes to show what can be done in the Forex mkt when you put your time, experience, skill and discipline all together and working towards one goal! Great work Kostas.
  • #5,220
  • Jun 13, 2011 3:27pm Jun 13, 2011 3:27pm
Very good trade today!
1H 10 touch, M15 50 touch+PA

Close
1/2 +14 pips, SL to BE
1/2 +69 pips, there was reversal pinbar on m15
Attached Image (click to enlarge)
Click to Enlarge Name: 14_gbp.gif Size: 82 KB
30 traders viewing now