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CHOROS System

  • #5,841
  • Aug 1, 2011 9:27am Aug 1, 2011 9:27am
Seems like every currencies has dropped very hard against the safe haven currencies. JPY, CHF and USD.....

I am talking 300+ pips in just 3 hours for some pairs! Anyone know fundamentally what is going on? (Smell like 2008.....)

Oh and the good touch trades off the 10EMA that just occurred happen too fast for me to react....
Riding the order flow
  • #5,842
  • Aug 1, 2011 9:44am Aug 1, 2011 9:44am
Quoting Binyamin
Seems like every currencies has dropped very hard against the safe haven currencies. JPY, CHF and USD.....

I am talking 300+ pips in just 3 hours for some pairs! Anyone know fundamentally what is going on? (Smell like 2008.....)

Oh and the good touch trades off the 10EMA that just occurred happen too fast for me to react....
FF main page mentioned “10:00 USD ISM Manufacturing PMI” and the explanation says “Actual > Forecast = Good for currency”, since Actual (50.9) was less than Forecast (55.0) USD should have dropped and GBP and EUR should have raised right? But the opposite thing happened.
I really do not follow fundamentals, do you?
  • #5,843
  • Aug 1, 2011 9:53am Aug 1, 2011 9:53am
Quoting Haydel
I really do not follow fundamentals, do you?
I don't follow the little news. I follow the big ones like the US and EURO crises and Obama and the debt ceiling etc. Because it might be an early signal to me when markets are going to start acting crazy again like in 2008. There is without any doubt in many economist a repeat is due sooner or latter. To keep my post in context to the thread, it means we can dance hard!
Riding the order flow
  • #5,844
  • Aug 1, 2011 10:07am Aug 1, 2011 10:07am
Can you believe how fast price moved on a Monday? May be GU and EU are upset because Kostas is not dancing with them.

The Price left me waiting for a M15 10EMA touch, and moved so fast that I had to switch to M5 TF and end up trading a 5EMA touch for +36p .

It is clear that a trade form the M5 5EMA can be done only with a very very steep 10 EMA on M15 and M5.

Happy Monday .

I´m done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD M15 2011-08-01 trade.png Size: 33 KB
  • #5,845
  • Aug 1, 2011 12:20pm Aug 1, 2011 12:20pm
Quoting Haydel
I’m sorry for showing off , but feel good ; I feel that I’m starting to understand.

This thread and mostly Kostas1 and Survivor posts helped a lot.
.

Thank you mate. feels good to know that someone is benefiting. Kostas is doing a great job here.
Making money is easy- Just dont take losing trades
  • #5,846
  • Aug 1, 2011 12:29pm Aug 1, 2011 12:29pm
Quoting kostas1
Sounds good to me. If you like to discuss your approach, we have open minds.

I am not here to boast. But when i started in forex and i was learning i remeber reading in so many places that it cant be done. I still remeber how i was confused and didnt know who to trust- some said it can be done; others just mocked them.

Today i want to put it on record for whoever will listen. Today was my 30th consecutive day without any daily loss.

I am not a genius. i still make mistakes. in fact, I may have been plain lucky. but 30 consecutive luck should give critics some food for thought.
Making money is easy- Just dont take losing trades
  • #5,847
  • Aug 1, 2011 12:50pm Aug 1, 2011 12:50pm
Quoting kostas1
Sounds good to me. If you like to discuss your approach, we have open minds.
Friend, everything i know, i have learnt from you. I am using some simple principles to enter trade. Regarding sharing my method, i have some concerns-

1. Biggest problem is that i want to be sure it works over some 3-6 months before sharing. History is full of systems" that made 1000 pips first month and lost 5000 next month. I don't want anyone to lose their money.

2. Its entirely different now and no longer recognizable as choros. Beginners will certainly get confused and this will spoil this thread. When i have tested it well myself, it would be better if we start a new thread and keep these two separate.

3. You already know everything. you are my master, I cant teach you anything
Making money is easy- Just dont take losing trades
  • #5,848
  • Aug 1, 2011 1:08pm Aug 1, 2011 1:08pm
Quoting Survivor
I am not here to boast. But when i started in forex and i was learning i remeber reading in so many places that it cant be done. I still remeber how i was confused and didnt know who to trust- some said it can be done; others just mocked them.

Today i want to put it on record for whoever will listen. Today was my 30th consecutive day without any daily loss.

I am not a genius. i still make mistakes. in fact, I may have been plain lucky. but 30 consecutive luck should give critics some food for thought.
And now you know for yourself it can be done, there are a lot of people on FF that like to say it can't be done, as long as they think that way, thats where they will stay I'm afraid. Well done
  • #5,849
  • Aug 1, 2011 8:20pm Aug 1, 2011 8:20pm
Quoting Survivor
Thank you mate. feels good to know that someone is benefiting. Kostas is doing a great job here.

Hey Survivor,

Is so good to see you back posting and successful. That is encouraging.

I can see from this post that you are still trading constrainments which is great because those trades are so reliable.

I ventured to make some constrainment calls at the CHOROS Interactive thread following your precise rules and almost all of them resulted on profitable trades. Only one call was not profitable because I twisted the rules a little .

It would be great if you can give us some calls for constrinments at the CHOROS Interactive thread. I only dare to trade constrainments on H1 TF, but on your last post you did it on the M15 TF. Please teach us more giving some calls.

I hope that we can hear from you soon.

Happy trading.
  • #5,850
  • Aug 1, 2011 8:33pm Aug 1, 2011 8:33pm
Quoting Survivor
3. You already know everything. you are my master, I cant teach you anything
That may be true, but Kostas is always learning and getting better and better.

Any way, you can teach the rest of us .
  • #5,851
  • Edited 9:28pm Aug 1, 2011 8:39pm | Edited 9:28pm
Quoting Survivor
I am not here to boast. But when i started in forex and i was learning i remeber reading in so many places that it cant be done. I still remeber how i was confused and didnt know who to trust- some said it can be done; others just mocked them.

Today i want to put it on record for whoever will listen. Today was my 30th consecutive day without any daily loss.

I am not a genius. i still make mistakes. in fact, I may have been plain lucky. but 30 consecutive luck should give critics some food for thought.
It is very easy to have 30 day of no loss, just stop trading for 30 days... I am Joking!
Please post some of your trades from time to time, and mark "not choros".

http://i19.photobucket.com/albums/b1...ping/203-3.jpg
Please don't walk away with your trading success!
  • #5,852
  • Aug 1, 2011 9:38pm Aug 1, 2011 9:38pm
Quoting Haydel
Hey Survivor,

Is so good to see you back posting and successful. That is encouraging.

I can see from this post that you are still trading constrainments which is great because those trades are so reliable.

I ventured to make some constrainment calls at the CHOROS Interactive thread following your precise rules and almost all of them resulted on profitable trades. Only one call was not profitable because I twisted the rules a little .

It would...
Since people here value my trades here is one perfect by the rules trade i took few days back. lets all learn and grow into a group of great dancers!
EU 1H
Attached Image (click to enlarge)
Click to Enlarge Name: EU1H.jpg Size: 78 KB
Making money is easy- Just dont take losing trades
  • #5,853
  • Aug 1, 2011 9:45pm Aug 1, 2011 9:45pm
Quoting Haydel
Hey Survivor,

I ventured to make some constrainment calls at the CHOROS Interactive thread following your precise rules and almost all of them resulted on profitable trades. Only one call was not profitable because I twisted the rules a little .

Thank you mate. We are not here to profit from anyone. We are not selling anything. I learnt something from clay and Kostas. I shared it freely. I tried to make everyone see these trades. even if it makes one happy trader, my objective is achieved.And i get right to spam you all although Kostas might be cursing for large number of posts
Making money is easy- Just dont take losing trades
  • #5,854
  • Aug 1, 2011 9:46pm Aug 1, 2011 9:46pm
Quoting Survivor
Since people here value my trades here is one perfect by the rules trade i took few days back. lets all learn and grow into a group of great dancers!
EU 1H
Thanks for posting charts, second entry is a touch trade? What is your entry (no pin?) and SL for this?
  • #5,855
  • Aug 1, 2011 10:00pm Aug 1, 2011 10:00pm
Quoting Survivor

2. Its entirely different now and no longer recognizable as choros. Beginners will certainly get confused and this will spoil this thread. When i have tested it well myself, it would be better if we start a new thread and keep these two separate.
If you are going to start a new thread and generously share your methods I am sure many of us here will be extremely grateful!
Riding the order flow
  • #5,856
  • Aug 1, 2011 10:08pm Aug 1, 2011 10:08pm
Quoting kk007
Thanks for posting charts, second entry is a touch trade? What is your entry (no pin?) and SL for this?
Sorry mate. this is why i dont want to post charts here. it will just confuse everyone. It wasnt pure dance. It wasnt touch and it wasnt constrainement. I just interpreted price action. We see a huge bullish bar returning to mas. I would have gone long if price ever broke ABOVE that bar. i had my sl entry oder in place. not visible in my chart, but it never happened. instead we have a hesitation bar at MA. so i put another order to go SL short below that bar. Short gets triggered i get my pips.

Very sorry mate but i wont be explaining all this again. i am sure it will confuse everyone. this is nothing new. Please just go through my posts if you are interested. there is one long post that explains my method. just look through my posts. Why confuse everyone. We will start a new thread and teach everyone when i am ready. right now just go through my posts. you will find all i have to say.
Making money is easy- Just dont take losing trades
  • #5,857
  • Aug 2, 2011 3:18am Aug 2, 2011 3:18am
AUD M15.E10 @ RN +12 pip (risked 8pip)
Attached Image
  • #5,858
  • Edited 5:37am Aug 2, 2011 3:32am | Edited 5:37am
Thanks Survivor,

I think I know what you mean about the setup usage.

For those who are new, they should concentrate on by-the-rule setup, I think they would skip non-by-the-rule setups until they grasp the understand of the standard things. So, I think it is not too worrying to show something different as far as addressed!

cheers,

kk007

Quoting Survivor
Sorry mate. this is why i dont want to post charts here. it will just confuse everyone. It wasnt pure dance. It wasnt touch and it wasnt constrainement. I just interpreted price action. We see a huge bullish bar returning to mas. I would have gone long if price ever broke ABOVE that bar. i had my sl entry oder in place. not visible in my chart, but it never happened. instead we have a hesitation bar at MA. so i put another order to go SL short below that bar. Short gets triggered i get my pips.

Very sorry mate but i wont be explaining all this...
  • #5,859
  • Aug 2, 2011 5:00am Aug 2, 2011 5:00am
My plans are simple, master the three basic rules. Master other rules in relation to MAs and then do more research on their reliability in other markets.
Riding the order flow
  • #5,860
  • Aug 2, 2011 5:16am Aug 2, 2011 5:16am
Quoting Binyamin
My plans are simple, master the three basic rules. Master other rules in relation to MAs and then do more research on their reliability in other markets.
Master them until they become your second nature .
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