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CHOROS System

  • #5,541
  • Edited 12:40pm Jul 7, 2011 10:21am | Edited 12:40pm
Quoting kostas1


(It also was a case of H1 10 constrainment which made me take this one, +21p)....
Yes indeed...but as you said (a case) which means that I was 50-50 to name it constrainment because it was only 2 constrained bars and at the point I entered it was actualy only one
You are allowed to fall but you are imposed to get up!
  • #5,542
  • Edited 1:09pm Jul 7, 2011 12:46pm | Edited 1:09pm
Alright, it's time to post my first trade in this thread. Don't know if I shall laugh or cry...

Laught because it gave me +11 Pips. Cry because I was too anxious to take the touch trade on EMA50/SMA35 a few bars before.

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  • #5,543
  • Jul 7, 2011 12:51pm Jul 7, 2011 12:51pm
Quoting Arpi75
Hi Guys,

What do you think of the method of Al Brooks (Reading Price Charts Bar by Bar) in regards of Dance / Choros?
Are you a mind reader? I got that book, i am planing to be consistent with the basic rules of Dance first then I will try to improve my trading opportunity with that book. I see elements of dance in some of his strategy. The more uncorrelated setups you trade the more you can reduce your risk while maintaining profit level.
Riding the order flow
  • #5,544
  • Jul 7, 2011 1:07pm Jul 7, 2011 1:07pm
Quoting Demika
Don't know if I should laugh or cry...
Attachment
LAUGH....
  • #5,545
  • Jul 7, 2011 10:07pm Jul 7, 2011 10:07pm
Quoting K_Minos
Hi Binyamin,

14 pips are excellent!!! You should not think about the trade after your trade is closed.

I took one advice some months ago and I'm closing all trades after 10 pips gain.

This is more than enough for the beggining. Be patient and wait for the right set up, you will get 3+ aa set up's a day.

Thanks for the advice and encouragement, I think eclayf said exactly the same thing himself. However I do see the value of recording and reviewing past trades.... It is not only to gather valuable statistics but who knows what you might learn. But if you are saying that we shouldn't worry about the past failed trades then I fully agree =)

Quote
Originally Posted by iero4 http://www.forexfactory.com/images/buttons/viewpost.gif
Binyamin,

Trade 3 brakes the rules since you have no parallel 35/50
Absolutely agree it was a mistake. Thanks heaps!
Riding the order flow
  • #5,546
  • Jul 7, 2011 10:23pm Jul 7, 2011 10:23pm
Quoting kostas1
LAUGH....
Hi Kostas1,

May I asked you? Apart from the uses of daily, weekly and monthly pivot,
- Do you use weekly R1/S1/R2/S2/R3/S3, monthly R1/S1/R2/S2/R3/S3 at all?
- Do you take daily R1/S1/R2/S2/R3/S3 as seriously as daily pivot?
cheers,

kk007
  • #5,547
  • Jul 8, 2011 1:27am Jul 8, 2011 1:27am
Quoting kk007
1. Do you use weekly R1/S1/R2/S2/R3/S3, monthly R1/S1/R2/S2/R3/S3 at all?
2. Do you take daily R1/S1/R2/S2/R3/S3 as seriously as daily pivot?
cheers,
kk007
Answers:
1) No, only Weekly and Monthly Pivot
2. Yes for R1/S1/R2/S2
  • #5,548
  • Jul 8, 2011 1:41am Jul 8, 2011 1:41am
Porcupine crap in GU H4 these days, explains the very weird action in cable lately. I had two days that I only got half my daily quota due to losses on GU. When I looked at the big picture I noticed this porcupine in H4 and I decided to wait for it to go back in the woods before I trade GU again. Thanks god for EU which is great these days.
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  • #5,549
  • Edited 4:05am Jul 8, 2011 3:27am | Edited 4:05am
http://s2.postimage.org/jjlp86vgt/EURUSD.png
png upload

As usual, this is EURUSD, with 10 pip SL.

Trade 1
Suppose to enter as a 10EMA 15M touch. PA looks like there is some support at the round number. So I got out at the 3rd bar. -1 pip. (only at hindside the angle wasn't steep enough and I probably should have just pass when in doubt)

Trade 2
This is a constrainment trade, The 35/50 MA's looks like they are on top of each other which according to eclayf is a very strong support or resistant. After trailing half way I started aiming for the round number. I got out when the PA shows support at the round number. 70 pips.

Trade 3
I took this trade as a touch 35/50 MA partly because the PA show this is a strong resistant. Took in 26 pips.

Trade 4(not by the rule trade)
It was a gamble, the angle was not steep enough for a touch trade but PA shown in the past that it was a strong resistant. I lost -10 pip

Trade 5
Took the trade as a touch of the 35MA H1 and lost -10 pip

Trade 6
A dumb trade taken by accident, I exited straight away after realizing my mistake.... cost me -4 pips (I need a way to overcome boredom with this type of trading. Anyone has any suggestions???)

Total pip, -1+70+26-10-10-4 = 71 pips.

PS: It was done on demo. Once my efficiency reaches 80%+ in a month I will go live.
Riding the order flow
  • #5,550
  • Jul 8, 2011 5:47am Jul 8, 2011 5:47am
Quoting kostas1
Answers:
1) No, only Weekly and Monthly Pivot
2. Yes for R1/S1/R2/S2
Thanks a lot kostas1
  • #5,551
  • Jul 8, 2011 6:32am Jul 8, 2011 6:32am
I think no comments are needed, are they ?

Dear Whenever....time to go real ...
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  • #5,552
  • Jul 8, 2011 6:43am Jul 8, 2011 6:43am
Quoting Whenever
I think no comments are needed, are they ?

Dear Whenever....time to go real ...

Agree...Took exactly the same trade and bagged +19! Sometimes it is sooo easy

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You are allowed to fall but you are imposed to get up!
  • #5,553
  • Jul 8, 2011 6:56am Jul 8, 2011 6:56am
Quoting iero4
Agree...Took exactly the same trade and bagged +19! Sometimes it is sooo easy

Attachment

I closed at +20

I like the sentence below your post, Man.
  • #5,554
  • Jul 8, 2011 7:24am Jul 8, 2011 7:24am
Quoting Whenever
I closed at +20

I like the sentence below your post, Man.

It is Aristotele's words not mine :nerd:

Mate, from your profile I 've seen that you are Italian! We are neighbours (Greece)...hope to meet you with Kostas one day

Regards
Iero
You are allowed to fall but you are imposed to get up!
  • #5,555
  • Jul 8, 2011 8:08am Jul 8, 2011 8:08am
Quoting iero4
It is Aristotele's words not mine :nerd:

Mate, from your profile I 've seen that you are Italian! We are neighbours (Greece)...hope to meet you with Kostas one day

Regards
Iero

Well,

with 3 or 4 days trading, with his ultra-mega lots size Kostas can now buy an helicopter, pick you up and come to Italy with no problems during a week end

You would be welcome anytime.
  • #5,556
  • Edited 9:42am Jul 8, 2011 8:15am | Edited 9:42am
More then a year have passed since my first post here on FF, me starting to learn forex and using "dance" as my trading method. I've blown several demo accounts already (two since the beginning of this year). And today I want to share my results.

This graph was generated by metatrader and first order is on 2010.12.06.

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Next week will start fresh. At least i'm happy that this all weren't real accounts
  • #5,557
  • Jul 8, 2011 8:20am Jul 8, 2011 8:20am
Quoting Whenever
Well,

with 3 or 4 days trading, with his ultra-mega lots size Kostas can now buy an helicopter, pick you up and come to Italy with no problems during a week end

You would be welcome anytime.
Man, be carefull, don't mention about what Kostas can buy because here in Greece the goverment taxes even our pee and if they catch you buying a chewing gum they presume you are rich

Have a good weekend!
You are allowed to fall but you are imposed to get up!
  • #5,558
  • Jul 8, 2011 8:44am Jul 8, 2011 8:44am
Quoting iero4
Man, be carefull, don't mention about what Kostas can buy because here in Greece the goverment taxes even our pee and if they catch you buying a chewing gum they presume you are rich

Have a good weekend!

Well, let's hope that they:

1) are not in this thread
2) cannot handle with Math

In fact, while many people asked him what does it mean in $$$ his daily target, the very important point I loved to think about (because every single penny has been honestly and seriously earned and I am really so glad for him) is that....he reduced the risk at 1 %..... and what that means...

I WANT TO ACHIEVE THAT TOO, and we ALL can do it, if we apply (have the time to follow the charts every day ), avoid overtrading, are patient to wait for the right set up and to do small steps in the time.

Just for info, in Italy they would take your chewing gum, ask you taxes for 2 of them and for the next 2 too (as they assume you will repeat the same soon)

Have a great week end too
  • #5,559
  • Jul 8, 2011 8:46am Jul 8, 2011 8:46am
Quoting kostas1
Porcupine crap in GU H4 these days, explains the very weird action in cable lately. I had two days that I only got half my daily quota due to losses on GU. When I looked at the big picture I noticed this porcupine in H4 and I decided to wait for it to go back in the woods before I trade GU again. Thanks god for EU which is great these days.
waiting the NFP can ruin 2-3 days before it.
  • #5,560
  • Jul 8, 2011 9:02am Jul 8, 2011 9:02am
Quoting iero4
Agree...Took exactly the same trade and bagged +19! Sometimes it is sooo easy

Attachment
Hello everyone,
I discovered this system a little over a week ago and started demoing it a few days ago. I took the same trade everyone else did this morning (U.S time) but got out a few bars later for +13. I'm definitely not complaining but I was just wondering what made you exit when you did.
Thanks!!
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