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CHOROS System

  • #6,141
  • Aug 24, 2011 4:26am Aug 24, 2011 4:26am
Quoting asos101
sometimes they go hand in hand, you will see EU bounce off some pivot point and at the same time GU bounce off nothing. then you switch over to EU and you start cursing, at least i used to. now i watch both side by side.
my GU and EU templates always have one M15 graph of the other Currency Cross with all the MAs on (M15, H1, H4, D1) so i have a clear view of both and bail out if things stall off some important area.
thats true. i am doing the same. they are quite correlated afterall
  • #6,142
  • Aug 24, 2011 4:26am Aug 24, 2011 4:26am
Quoting kostas1
I am getting better at 1-2 trades per day it seems. Probably vacation positively affected my patience. Here is my today's trade.

P.S. I missed a beautiful scooped up at the close of the 8:10 GMT M5 bar. I was in front of the computer but hesitated for a minute and then price shot up.
well done master .
a bit tight for a scoop up in M15, maybe in M5 looks better but i would have never seen that.
i think though you got the best entry, by the rules this time

edit: R1 looks very sexy actually, coincides with a previous swing high.
  • #6,143
  • Aug 24, 2011 4:30am Aug 24, 2011 4:30am
Quoting kostas1
I am getting better at 1-2 trades per day it seems. Probably vacation positively affected my patience. Here is my today's trade.

P.S. I missed a beautiful scooped up at the close of the 8:10 GMT M5 bar. I was in front of the computer but hesitated for a minute and then price shot up.
i think i should go for holidays too in order to improve my performance

took exactly the same trade off the pinbar as you Kostas. took 20 pips as that is what was missing to achieve my daily target of 30 pips
  • #6,144
  • Aug 24, 2011 4:34am Aug 24, 2011 4:34am
Quoting kk007
It was EUR news. I hoped it would not affect GBP too much.
i still try to pay attention to red Eur news even when trading Gbp. UK is part of EU afterall so I assumed it might move pound also. anyway, you placed a nice trade . was curious how other dancers handle news such as that one.
  • #6,145
  • Aug 24, 2011 6:11am Aug 24, 2011 6:11am
Quoting kostas1
I am getting better at 1-2 trades per day it seems. Probably vacation positively affected my patience. Here is my today's trade.

P.S. I missed a beautiful scooped up at the close of the 8:10 GMT M5 bar. I was in front of the computer but hesitated for a minute and then price shot up.
Can you please make me understand, why did you take this trade? Can you trade CHOROS system on M5 Chart also? I thought we look for M5 charts just to fine tune our entries and exits?
Prefer Price Action Method!
  • #6,146
  • Aug 24, 2011 7:29am Aug 24, 2011 7:29am
Quoting yameen.forex
Can you please make me understand, why did you take this trade? Can you trade CHOROS system on M5 Chart also? I thought we look for M5 charts just to fine tune our entries and exits?
kostas1 usually posts non-by-the-rule trades, if you don't understand, just skip them
  • #6,147
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Just opened the MT4 today and saw right now this beauty !

I hope some of you got it !
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 131 KB
  • #6,148
  • Aug 24, 2011 7:42am Aug 24, 2011 7:42am
Quoting tonny47
thats true. i am doing the same. they are quite correlated afterall
Sometimes, you see they correlate, because it is USD news time rather than EUR news time.
Sometimes, the news impact is very big (not usually), and all currencies have to move.
  • #6,149
  • Aug 24, 2011 7:42am Aug 24, 2011 7:42am
GBP USD -what a tease! didnt quite make it to WPP and S1 as yet
  • #6,150
  • Aug 24, 2011 7:45am Aug 24, 2011 7:45am
Quoting Whenever
Just opened the MT4 today and saw right now this beauty !

I hope some of you got it !
i was in gbp trade (non choros) so wanted to be focused on that but shame i missed the trade you pointed out- couldnt get any better than that.
  • #6,151
  • Aug 24, 2011 7:54am Aug 24, 2011 7:54am
I took two trades today for +35p

Pure CHOROS on EU but on GU I made a not CHOROS Entry with a CHOROS Exit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD M15 2011-08-24.png Size: 21 KB
Click to Enlarge Name: GBPUSD M15 2011-08-24.png Size: 20 KB
  • #6,152
  • Aug 24, 2011 7:59am Aug 24, 2011 7:59am
Quoting Haydel
I took two trades today for +35p

Pure CHOROS on EU but on GU I made a not CHOROS Entry with a CHOROS Exit
Well done, what style is your 2nd entry?

By the way, +28.7% this month well done!!!!
  • #6,153
  • Aug 24, 2011 8:12am Aug 24, 2011 8:12am
Hi Kostas1,

May I ask you? Possibly only you may answer here.

Is there any operational difference between placing 1 lot and 20 lots?

Have you ever get only partially-filled order, if you place 20-lot order?

cheers,
kk007
  • #6,154
  • Aug 24, 2011 8:56am Aug 24, 2011 8:56am
Quoting kk007
Well done, what style is your 2nd entry?

By the way, +28.7% this month well done!!!!
Thank you kk007. I will probably not be trading tomorrow nor Friday so I guess +28.7% will be it for this month, I’m trying to get 30% monthly, so I’m satisfied with this month outcome.

Here is my NOT CHOROS LONG Entry on GU. I know is off topic and I hope that Kostas doesn't get mad at me for talking about other methods on his thread, but at least my Exit was CHOROS, actually when I see the charts now, I see that my Exit could have been a great CHOROS SHORT Entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 2011-08-24.png Size: 59 KB
  • #6,155
  • Aug 24, 2011 9:01am Aug 24, 2011 9:01am
Quoting yameen.forex
Can you please make me understand, why did you take this trade? Can you trade CHOROS system on M5 Chart also? I thought we look for M5 charts just to fine tune our entries and exits?
Explanation on the chart. M5 is possible but first you need experience. For now stick with the basic strong CHOROS trades and later when you become proficient you can revisit my posts to see how you can play the CHOROS points in M5 and/or M1.
  • #6,156
  • Aug 24, 2011 9:06am Aug 24, 2011 9:06am
Quoting kk007
Hi Kostas1,

May I ask you? Possibly only you may answer here.

Is there any operational difference between placing 1 lot and 20 lots?

Have you ever get only partially-filled order, if you place 20-lot order?

cheers,
kk007
So far no partial fills, but recently had some awful delays (up to 15 seconds when normally I get 2-4 seconds). At some point I will probably get to ECN. To be fair even with these delays my trade was going through, it just took these many seconds to confirm the trade. I get requoted when price is too fast, but I don't get context busy or other MT4 shit that people report in other brokers.....
  • #6,157
  • Aug 24, 2011 9:10am Aug 24, 2011 9:10am
Thanks Haydel,

I think your second entry is trading a rebound from a previous S/R. Clay trades S/R in Dance too, so I don't know if it is completely not Choros. It is actually very wise to stick to H1 S/R rather than S/R of other TFs.

I think your performance is really good, given your amount of hours spent on forex.

Best wishes,
kk007

Quoting Haydel
Thank you kk007. I will probably not be trading tomorrow nor Friday so I guess +28.7% will be it for this month, I’m trying to get 30% monthly, so I’m satisfied with this month outcome.

Here is my NOT CHOROS LONG Entry on GU. I know is off topic and I hope that Kostas doesn't get mad at me for talking about other methods on his thread, but at least my Exit was CHOROS, actually when I see the charts now, I see that my Exit could have been a great CHOROS SHORT Entry.
  • #6,158
  • Aug 24, 2011 9:13am Aug 24, 2011 9:13am
Quoting kostas1
So far no partial fills, but recently had some awful delays (up to 15 seconds when normally I get 2-4 seconds). At some point I will probably get to ECN. To be fair even with these delays my trade was going through, it just took these many seconds to confirm the trade. I get requoted when price is too fast, but I don't get context busy or other MT4 shit that people report in other brokers.....
Thanks kostas1,

Not sure how ECN is different from what you are currently using.

Best wishes,

kk007
  • #6,159
  • Aug 24, 2011 9:17am Aug 24, 2011 9:17am
Quoting kostas1
So far no partial fills, but recently had some awful delays (up to 15 seconds when normally I get 2-4 seconds). At some point I will probably get to ECN. To be fair even with these delays my trade was going through, it just took these many seconds to confirm the trade. I get requoted when price is too fast, but I don't get context busy or other MT4 shit that people report in other brokers.....
15 seconds is massive (anything above 5 really!)!!!. do you ever get prices in your favour at all? could it perhaps be because of your internet connection or is that unlikely?
  • #6,160
  • Aug 24, 2011 9:18am Aug 24, 2011 9:18am
Quoting kk007
Not sure how ECN is different from what you are currently using.
kk007
NO requotes, NO delays......
There were times that I lost the best entry due to requotes, then watched as the price quickly moved to where I thought it would......
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