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CHOROS System

  • #5,661
  • Jul 18, 2011 4:07am Jul 18, 2011 4:07am
Quoting asos101
hey guys, try to keep the conversation in the same thread as you started. This is the Original Choros thread and your 2 posts above belong to the Interactive Choros thread.
someone trying to read this thread reaching at your posts above would think he skipped a page somewhere.
Let me think more carefully next time where should I start a conversation... (we can discuss past trades on the Interactive thread only for pre-alerted setups according to thread rules)
  • #5,662
  • Jul 18, 2011 4:16am Jul 18, 2011 4:16am
Quoting kk007
Let me think more carefully next time where should I start a conversation... (we can discuss past trades on the Interactive thread only for pre-alerted setups according to thread rules)
the Interactive thread is for alerts and discussion of trades that have been called here

read Kostas rule 6 at the start of the interactive thread
"6. Only if an upcoming trade alert has already been posted, it is OK to discuss it after the fact to see what went wrong or what worked (charts would be better in this case)."

so its ok to discuss with charts trades that we have called earlier to get feedback.

so i am not sure if you called that trade or not and i am not so picky, i only commented that if you split a conversation between 2 threads ppl will get confused. thats all.
  • #5,663
  • Jul 18, 2011 10:43am Jul 18, 2011 10:43am
Can't believe I got a winner!
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  • #5,664
  • Jul 18, 2011 2:22pm Jul 18, 2011 2:22pm
Hi guys, I wanted to ask an experienced trader in this method, what would you think about this H4 signal...

My thoughts so far are this would be the second time in just an equal number of candles that H4 touches this MA's, although they have a good confluence of 10 and 35 it might have lost some importance or strength as a ressistance given it is the second attempt to brake... would you agree on this?? The first time this signal was taken it bounced of the MA's on H4 and an area of resistance... it was a good signal... EDIT: there's also a gap to be filled up there, not so promising for higher TF shorts...

Now 5M chart calls for a small scalp long, which might be valid too because the great difference in size from H4 to M5... I would like to read your insights in this second touch of the MA's in H4... just to learn... thanks for your comments guys!
Attached Image (click to enlarge)
Click to Enlarge Name: euH4M5.jpg Size: 120 KB
Flp. 4:13
  • #5,665
  • Jul 18, 2011 6:18pm Jul 18, 2011 6:18pm
Kostas to manage your trades are you currently using the THV Cave manager or the Lustrom visual order manager? Which have you found more suitable for Choros?

Thx
  • #5,666
  • Jul 19, 2011 12:57am Jul 19, 2011 12:57am
Quoting fugly
Kostas to manage your trades are you currently using the THV Cave manager or the Lustrom visual order manager? Which have you found more suitable for Choros?

Thx
http://www.forexfactory.com/showthre...17#post4475717
  • #5,667
  • Jul 19, 2011 1:16am Jul 19, 2011 1:16am
Have you?

Quoting Binyamin
Today I am going live with 0.25% risk pertrade trading strictly the rules only. If I break any rule I will punish myself by drinking a shot of vinegar.

There is a lot of things I would love to explore after I am consistent with this strat.

a) For various dance trades, is there a pattern on how fast should price move into profit if it is going to be profitable/unprofitable?
b) How does different trade management strategy differ in results with different market volatility. (General market volatility is very predictable), This...
  • #5,668
  • Jul 19, 2011 2:07am Jul 19, 2011 2:07am
Quoting kk007
Have you?
twice for getting out of 2 trades prematurely, but it actually made me more pips at hindside. GY yesterday was ranging, I sensed that already by the time I entered the trade, a nagging feeling tells me price is going to reverse so I exit at a profit without waiting for it to hit my BE SL. Same thing for the other trade. But those pips comes with 2 shots of apple cider. Yuck!
Riding the order flow
  • #5,669
  • Jul 19, 2011 2:56am Jul 19, 2011 2:56am
Quoting Binyamin
twice for getting out of 2 trades prematurely, but it actually made me more pips at hindside. GY yesterday was ranging, I sensed that already by the time I entered the trade, a nagging feeling tells me price is going to reverse so I exit at a profit without waiting for it to hit my BE SL. Same thing for the other trade. But those pips comes with 2 shots of apple cider. Yuck!
I just have my 7 consective loss, all my positions are red today.... (although some of my trade are experimental, none of them reach +8 pips). Any comment with my CHF M15.E10 @ RN touch trade attached?
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  • #5,670
  • Jul 19, 2011 4:38am Jul 19, 2011 4:38am
M15.E10 touch Failed again.. - 8pip
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  • #5,671
  • Jul 19, 2011 5:04am Jul 19, 2011 5:04am
Quoting kk007
M15.E10 touch Failed again.. - 8pip
In the usd/chf trade, you were trading against a 4h 35 first touch. I don't know about usd/cad, but I suspect this isn't a good time of day for it, as cad isn't heavily traded.
  • #5,672
  • Jul 19, 2011 5:05am Jul 19, 2011 5:05am
Quoting kostas1
http://www.forexfactory.com/showthre...17#post4475717
thx buddy
  • #5,673
  • Jul 19, 2011 5:17am Jul 19, 2011 5:17am
Quoting Greenhill
In the usd/chf trade, you were trading against a 4h 35 first touch. I don't know about usd/cad, but I suspect this isn't a good time of day for it, as cad isn't heavily traded.
Thanks for your comments!
  • #5,674
  • Jul 19, 2011 5:22am Jul 19, 2011 5:22am
Quoting kk007
I just have my 7 consective loss, all my positions are red today.... (although some of my trade are experimental, none of them reach +8 pips). Any comment with my CHF M15.E10 @ RN touch trade attached?
You full filled all the rules for the 2 touch trades accept for one. You have to trade the currency that have its market open. USD is not open yet.

Today I had 2 "by the rule" touch trades that fail. This past few days seems strange, the "by the rule" trades haven't been doing as well as other times. while I was on demo I was averaging easily 5-18% a day with 0.5% risk pertrade. Yesterday while trading my live account for the 1st time I only gain 10 pip. At this time I am down 20 pips. (I am only risking 0.1% pertrade)
Riding the order flow
  • #5,675
  • Jul 19, 2011 5:26am Jul 19, 2011 5:26am
Got a winner... PA confirmation...
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  • #5,676
  • Jul 19, 2011 7:37am Jul 19, 2011 7:37am
Quoting kk007
Got a winner... PA confirmation...
I don't meant to be an ass but that broke the two bar rule. The irony is I followed the 2 bar rule and lost 10 pips in this trade.
Riding the order flow
  • #5,677
  • Jul 19, 2011 7:41am Jul 19, 2011 7:41am
Quoting Binyamin
Today I had 2 "by the rule" touch trades that fail. This past few days seems strange, the "by the rule" trades haven't been doing as well as other times. while I was on demo I was averaging easily 5-18% a day with 0.5% risk pertrade. Yesterday while trading my live account for the 1st time I only gain 10 pip. At this time I am down 20 pips. (I am only risking 0.1% pertrade)
Well..welcome to the club,bro..that the reality...when you go from demo to live, suddenly all seem strange isn't it...
Later on when you go further deep into the forex market...you will realize that the most difficult in trading is not mastering the system..but the trading psychology.
Just my 2 cents..
  • #5,678
  • Jul 19, 2011 7:47am Jul 19, 2011 7:47am
Quoting Fxprince12
Well..welcome to the club,bro..that the reality...when you go from demo to live, suddenly all seem strange isn't it...
Later on when you go further deep into the forex market...you will realize that the most difficult in trading is not mastering the system..but the trading psychology.
Just my 2 cents..
Thanks. Hmm, I don't think I am having issues with psychology(I feel nothing losing 0.1% pertrade). I think it is the market acting up. I will wait till end of the week or month with my results to see the stats.
Riding the order flow
  • #5,679
  • Jul 19, 2011 9:42am Jul 19, 2011 9:42am
Quoting Binyamin
I don't meant to be an ass but that broke the two bar rule. The irony is I followed the 2 bar rule and lost 10 pips in this trade.
2 bar rule is for touch trade only. I waited for PA to enter for this one.

Check the manual, it said:
1. TWO BAR RULE for “Touch Trades” is simply this. It is a “retrace” trade and If it takes more than TWO large bars to “get there” (to “touch” the MA), pass on the trade and wait for P/A to reveal where Price is really going.
  • #5,680
  • Jul 19, 2011 9:44am Jul 19, 2011 9:44am
Quoting Binyamin
I don't meant to be an ass but that broke the two bar rule. The irony is I followed the 2 bar rule and lost 10 pips in this trade.
I think we all here just comment positively in a constructive way, so I guess nobody will think that meant to be an ass.

You are right, it broke the 2 bar rules, but (I just mean it for your losing trade and hopefully for a winning next one) it did not break the rule:
1st Ema 10 Touch: Take it.

It was in this case a bit a conflict between those two "rules" and I am surely far away from having the right to speak as a consistent winner yet, but I saw that sometimes for that reason the smaller TF confirmation are very important.

Sometimes they will cost you some pips left on the table, but some other they will save your above mentioned from jumping into the trade too early.

Also (did not check the chart for that trade) : what music were playing the Higher Time Frames ?

How was that song...
Always look at the Higher Time Frames of Life !
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