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CHOROS System

  • #5,361
  • Jun 22, 2011 11:36am Jun 22, 2011 11:36am
Quoting Binyamin
Oh I mean MA no trendline. My bad. Too late in the night. In my humble opinion as explain in my previous post using angle by itself is subjective. Angle change with the zoom setting. So how do we mitigate this problem?
Although, angle of trendline does change with timeframe changes, which is also a pain.
  • #5,362
  • Jun 22, 2011 2:20pm Jun 22, 2011 2:20pm
Quoting Binyamin
Oh I mean MA no trendline. My bad. Too late in the night. In my humble opinion as explain in my previous post using angle by itself is subjective. Angle change with the zoom setting. So how do we mitigate this problem?
Many people have adopted a fixed scale for their charts to deal with this issue. Following Kostas, I use 50 pips for M1, 100 for M5, 150 for M15 and 200 for H1. The angles given in the manual, in my opinion, are an imprecise guideline. There are many factors that can change the appearance of the angles without altering the underlying data. If you even use auto scaling, the chart will tend to overemphasize moves in flat markets, and to overemphasize moves on charts that display fewer bars. Thus, I think the best way to approach this is to use consistent chart scales and chart sizes.
  • #5,363
  • Edited 11:37pm Jun 22, 2011 11:25pm | Edited 11:37pm
Quoting duffypratt
......Thus, I think the best way to approach this is to use consistent chart scales and chart sizes.
Or to develop a new indicator measuring change in pips per time and then calibrating that to sync with eclayf dance idea of 20 and 45 degrees. So the measurement will be say 10 pips a minute OR 10 pips per bar average. Oh god this might make it more complicated

When I am familiar with the system latter I will think about this again..
Riding the order flow
  • #5,364
  • Jun 23, 2011 12:14am Jun 23, 2011 12:14am
took this m15/35 & h1/10 touch at London open.
It looks well ...Choros is working!
Attached Image (click to enlarge)
Click to Enlarge Name: eu_London open.png Size: 44 KB
  • #5,365
  • Jun 23, 2011 12:16am Jun 23, 2011 12:16am
Quoting duffypratt
Many people have adopted a fixed scale for their charts to deal with this issue. Following Kostas, I use 50 pips for M1, 100 for M5, 150 for M15 and 200 for H1. The angles given in the manual, in my opinion, are an imprecise guideline. There are many factors that can change the appearance of the angles without altering the underlying data. If you even use auto scaling, the chart will tend to overemphasize moves in flat markets, and to overemphasize moves on charts that display fewer bars. Thus, I think the best way to approach this is to use...
Listen to duffy. Use a fixed scale and forget about measuring angles. With a fixed chart scale you will very quickly develop the ability to judge when an MA is steep or not. In the beginning just make sure the 35/50 are parallel and rising or falling before entering a trade.
  • #5,366
  • Jun 23, 2011 12:45am Jun 23, 2011 12:45am
Early in my journey, I always searched for "objective" way to identify something. However, finally, I think the true edge of a trading method really rest on "subjective" (I actually mean discretionary) judgement. If you don't actively train your discretionary ability in judging the chart situation, you will end up remain outside the main battlefield.

Just my 2 cent!


Quoting kostas1
Listen to duffy. Use a fixed scale and forget about measuring angles. With a fixed chart scale you will very quickly develop the ability to judge when an MA is steep or not. In the beginning just make sure the 35/50 are parallel and rising or falling before entering a trade.
  • #5,367
  • Jun 23, 2011 1:06am Jun 23, 2011 1:06am
Quoting kk007
Early in my journey, I always searched for "objective" way to identify something. However, finally, I think the true edge of a trading method really rest on "subjective" (I actually mean discretionary) judgement. If you don't actively train your discretionary ability in judging the chart situation, you will end up remain outside the main battlefield.

Just my 2 cent!
Thanks I agree with Kostas and kk007 concerning training ourselves to judge situations on the battlefield. I have been a system trader for some years now so I naturally try to systematize everything.
Riding the order flow
  • #5,368
  • Edited 5:36am Jun 23, 2011 4:39am | Edited 5:36am
M15 10, M5 35/50, RN, pivot, M1 PA

Closed:
1/2 +25
1/2 +25
reason is PA on M1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23_gbp.gif Size: 85 KB
Click to Enlarge Name: 23_gbp1.gif Size: 70 KB
  • #5,369
  • Jun 23, 2011 6:27am Jun 23, 2011 6:27am
Possible good trade, but i dont take couse not enough confluence for me:
M15 10, M5 35/50, M1 PA
Attached Image (click to enlarge)
Click to Enlarge Name: 23_gbp2.gif Size: 75 KB
  • #5,370
  • Jun 23, 2011 7:29am Jun 23, 2011 7:29am
Well Done

By the way, do you not taking 2-bar retracement seriously?

Quoting makron
M15 10, M5 35/50, RN, pivot, M1 PA

Closed:
1/2 +25
1/2 +25
reason is PA on M1
  • #5,371
  • Jun 23, 2011 7:38am Jun 23, 2011 7:38am
Quoting kk007
Well Done

By the way, do you not taking 2-bar retracement seriously?
What retracement do you mean?
  • #5,372
  • Jun 23, 2011 7:50am Jun 23, 2011 7:50am
Quoting makron
What retracement do you mean?
On the M15 chart of your first trade today, price did not move away much from the EMA10 before retracing back to the EMA10. I don't know whether I should say it was a 1-bar retracement back to the EMA10 when you took the touch trade.
  • #5,373
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
Quoting kk007
On the M15 chart of your first trade today, price did not move away much from the EMA10 before retracing back to the EMA10. I don't know whether I should say it was a 1-bar retracement back to the EMA10 when you took the touch trade.
Yes, retracement was not good, but also we have m5 35/50 touch, RN and daily pivot. So i decided, that its strength zone for sell
  • #5,374
  • Jun 23, 2011 8:01am Jun 23, 2011 8:01am
Thanks! This is what I think you have thought.

Quoting makron
Yes, retracement was not good, but also we have m5 35/50 touch, RN and daily pivot. So i decided, that its strength zone for sell
  • #5,375
  • Jun 23, 2011 8:17am Jun 23, 2011 8:17am
Friends, for first time, today i reached a milestone of +5000 pips! There were ups and big downs but once i understood touches my profit graph has been as steep as kostas. Pls pray and keep me the 'sync'. A big thank yo eclay and kostas! I am indebted for ever.
Making money is easy- Just dont take losing trades
  • #5,376
  • Jun 23, 2011 8:23am Jun 23, 2011 8:23am
Quoting Survivor
Friends, for first time, today i reached a milestone of +5000 pips! There were ups and big downs but once i understood touches my profit graph has been as steep as kostas. Pls pray and keep me the 'sync'. A big thank yo eclay and kostas! I am indebted for ever.
We all are really happy for you. Congratulations my friend!
  • #5,377
  • Jun 23, 2011 8:58am Jun 23, 2011 8:58am
http://www.forexfactory.com/attachme...1&d=1270384732
Quoting Survivor
Friends, for first time, today i reached a milestone of +5000 pips! There were ups and big downs but once i understood touches my profit graph has been as steep as kostas. Pls pray and keep me the 'sync'. A big thank yo eclay and kostas! I am indebted for ever.
  • #5,378
  • Jun 23, 2011 10:20am Jun 23, 2011 10:20am
If you risk 1% pertrade for example, does anyone know what is the maximum account size before the market is moved to much by your trades? And other dancers starts dancing out your profits.

Big shout out to Survivor! You are an inspiration.
Riding the order flow
  • #5,379
  • Jun 23, 2011 10:32am Jun 23, 2011 10:32am
Quoting Binyamin
If you risk 1% pertrade for example, does anyone know what is the maximum account size before the market is moved to much by your trades? And other dancers starts dancing out your profits.

Big shout out to Survivor! You are an inspiration.
I think you have to be a multimillion trader to have any impact on the market, just like hedge funds or banks... I don't think there's a single trader who makes the market move by its own...
Flp. 4:13
  • #5,380
  • Jun 23, 2011 10:35am Jun 23, 2011 10:35am
Quoting Survivor
Friends, for first time, today i reached a milestone of +5000 pips!
Wow! That's great, congrats!
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