CHOROS System | Page 300 | 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

  • #5,981
  • Edited 6:14am Aug 17, 2011 5:38am | Edited 6:14am
Quoting Whenever
Great done Kostas !

I would like to understand a bit more what you thought by entering that trade:
at the moment of your entry the MAs were a bit flat, what did convince you to see that scooped up as "good" ?

Could it be perhaps the strong previous M15 PA, in the way it reacted to the negative news ?

Thank you
Ciao
Good question.
The strong M15 action, the H1 bouncing from Daily 10, Pivot S1, RN, H1 62/50 and closing above all these made feel comfortable getting in. I was also expecting the H4 to close as a pinbar since it touched the Daily 10 and when it did, I was feeling good to let the trade go more than my daily target. Actually, I have a feeling it may try 1.45 which is why 10% of the trade is still on.

EDIT: Closed the rest for +80p. Had to leave the desk, not sure if it can break previous resistance (it probably will...)
  • #5,982
  • Aug 17, 2011 6:21am Aug 17, 2011 6:21am
Quoting kostas1
Good question.
The strong M15 action, the H1 bouncing from Daily 10, Pivot S1, RN, H1 62/50 and closing above all these made feel comfortable getting in. I was also expecting the H4 to close as a pinbar since it touched the Daily 10 and when it did, I was feeling good to let the trade go more than my daily target. Actually, I have a feeling it may try 1.45 which is why 10% of the trade is still on.

EDIT: Closed the rest for +80p. Had to leave the desk, not sure if it can break previous resistance (it probably will...)

+80 pips amazing!
  • #5,983
  • Aug 17, 2011 6:23am Aug 17, 2011 6:23am
Hello Everyone, I remember that there was an Ea i think with which you could just pull your stop loss/TP with the mouse on the chart, can someone tell me where i can get it and where to copy it in the MT folder and how to execute it on the chart? Thanks in advance.
'To get something you never had, you have to do something you never did.'
  • #5,984
  • Aug 17, 2011 6:54am Aug 17, 2011 6:54am
Quoting tonny47
+80 pips amazing!
Amazing is for me to think that +80 pips with Kostas 10% of full size is more than half of my monthly salary !!!

People, we gotta get "there" too !
  • #5,985
  • Aug 17, 2011 6:58am Aug 17, 2011 6:58am
Quoting Whenever
Amazing is for me to think that +80 pips with Kostas 10% of full size is more than half of my monthly salary !!!

People, we gotta get "there" too !
Yeah, I am seriously considering starting full time trading next year....
  • #5,986
  • Aug 17, 2011 7:03am Aug 17, 2011 7:03am
Quoting kostas1

Actually, I have a feeling it may try 1.45 which is why 10% of the trade is still on.

EDIT: Closed the rest for +80p. Had to leave the desk, not sure if it can break previous resistance (it probably will...)
Bingo Master !
1,4500 Achieved.

Let's see what happens now with the US Session
  • #5,987
  • Aug 17, 2011 7:03am Aug 17, 2011 7:03am
as you predicted Kostas, 1.45 broken
  • #5,988
  • Aug 17, 2011 7:05am Aug 17, 2011 7:05am
Quoting crazzzzzy
Hello Everyone, I remember that there was an Ea i think with which you could just pull your stop loss/TP with the mouse on the chart, can someone tell me where i can get it and where to copy it in the MT folder and how to execute it on the chart? Thanks in advance.
Expert Folder.

Enjoy
Attached File(s)
File Type: mq4 visual order editor.mq4   12 KB | 360 downloads
  • #5,989
  • Aug 17, 2011 7:11am Aug 17, 2011 7:11am
Quoting crazzzzzy
Hello Everyone, I remember that there was an Ea i think with which you could just pull your stop loss/TP with the mouse on the chart, can someone tell me where i can get it and where to copy it in the MT folder and how to execute it on the chart? Thanks in advance.

hmmmm, will have a look at indi what Whenever recommended to see if it could make my life easier. at a time I am using the one from the link below
http://www.forexfactory.com/showthread.php?t=281772
  • #5,990
  • Aug 17, 2011 7:23am Aug 17, 2011 7:23am
THanks a million Whenever & Tonny
'To get something you never had, you have to do something you never did.'
  • #5,991
  • Aug 17, 2011 7:29am Aug 17, 2011 7:29am
Quoting Whenever
Expert Folder.

Enjoy

i found yours even better than the one i am currently using because it doesnt ask me for conformation 28 times lol
  • #5,992
  • Aug 17, 2011 7:32am Aug 17, 2011 7:32am
Funny,

I was just looking back on the daily chart of GU to find out how the price acted in the past at the actual level....and look what I found out... a Trend Line working actually since May 2010

Interesting to see what the price did at those levels.
Nothing to do with Choros but I thought worth to be mentioned...
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 207 KB
  • #5,993
  • Aug 17, 2011 8:21am Aug 17, 2011 8:21am
Just closed +17 here

EUR/USD

M15 "first" Touch (was actually not the first retrace to the 10 after crossing 35/50, but after a strong move up).

M5 35/50 and this time I also waited (my problem usually) for M5 confirmation with a doji and then a bullish candle.

Could go further up, but I do not trust yet that level to be broken yet.

If it breaks E/U will nearly surely re-test it as well...
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 114 KB
  • #5,994
  • Aug 17, 2011 8:45am Aug 17, 2011 8:45am
Quoting Whenever
Just closed +17 here

EUR/USD

M15 "first" Touch (was actually not the first retrace to the 10 after crossing 35/50, but after a strong move up).

M5 35/50 and this time I also waited (my problem usually) for M5 confirmation with a doji and then a bullish candle.

Could go further up, but I do not trust yet that level to be broken yet.

If it breaks E/U will nearly surely re-test it as well...
well done
i need to pay attention to 10 ema touches. usually get the timing wrong
  • #5,995
  • Aug 17, 2011 10:08am Aug 17, 2011 10:08am
Hi guys! let's get Choros some action as I've seen it is a lil' quiet at this hour of the day

G/U first, good trade. Second trade is a UCHF, I was chasing this trade and got in when signal was no longer valid, so had to pay the price. The third was another good one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU_10ematouch.jpg Size: 130 KB
Click to Enlarge Name: USDCHF_failed.jpg Size: 128 KB
Click to Enlarge Name: USDCHF_m5touch.jpg Size: 127 KB
Flp. 4:13
  • #5,996
  • Aug 17, 2011 10:15am Aug 17, 2011 10:15am
Quoting Anthar
G/U first, good trade.
It seems after I criticized GU it's trying to prove me wrong, giving all kinds of great signals. Will follow closely for the rest of the week.:nerd:
  • #5,997
  • Aug 17, 2011 10:25am Aug 17, 2011 10:25am
Quoting kostas1
It seems after I criticized GU it's trying to prove me wrong, giving all kinds of great signals. Will follow closely for the rest of the week.:nerd:
So it seems, lol. But I had experienced the same action from GU you noted in your post. It seem it is recently returning to its normal range and liquidity... do tell us how it goes for you
Flp. 4:13
  • #5,998
  • Aug 17, 2011 10:35am Aug 17, 2011 10:35am
Hi Anthar,

Just wonder if your third one a by-the-rule entry?

cheers,

Quoting Anthar
Hi guys! let's get Choros some action as I've seen it is a lil' quiet at this hour of the day

G/U first, good trade. Second trade is a UCHF, I was chasing this trade and got in when signal was no longer valid, so had to pay the price. The third was another good one.
  • #5,999
  • Aug 17, 2011 10:48am Aug 17, 2011 10:48am
Quoting kk007
Hi Anthar,

Just wonder if your third one a by-the-rule entry?

cheers,
Hi KK, well it is not a typical by the rules entry in the way that it is not a signal from M15. It was an entry from M5 10ema touch, and it was a one bar retracement to the ema, I just waited to enter after the break of Daily Pivot.
Flp. 4:13
  • #6,000
  • Aug 17, 2011 10:52am Aug 17, 2011 10:52am
speaking of volatility - i found this website extremely informative. you can change the number of weeks there. i found this link somewhere on forexfactory.(i wouldnt be surprised if it was on this thread lol)

http://www.forexticket.co.uk/en/tools/02-01-volatility
10 traders viewing now