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CHOROS System

  • #6,241
  • Aug 31, 2011 3:30pm Aug 31, 2011 3:30pm
Quoting tonny47
hi Anthar, did you find some cheaper broker you will go for?
Well nothing cheaper than FinFx ECN... but I have no solid grounds to decide a broker migration just yet... still diggin'
Flp. 4:13
  • #6,242
  • Sep 1, 2011 12:16am Sep 1, 2011 12:16am
A rare trade for me. I tried this constrainment and got an easy +38p. Hope Survivor will approve.
Attached Image (click to enlarge)
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  • #6,243
  • Sep 1, 2011 12:26am Sep 1, 2011 12:26am
Quoting Anthar
Well nothing cheaper than FinFx ECN... but I have no solid grounds to decide a broker migration just yet... still diggin'
just discovered this broker
https://pepperstone.com/trading-acco...unts-razor.php

apparently their spread is as good as on finfx but this one is regulated as i understand it. they are based in Australia - not sure what its like in terms of speed of execution.
the one above is ECN account, so its they would charge you another 7 AUD per round turn. still non-ECN with finfx seems to be cheaper as they dont charge you commision. they do on ECN account
  • #6,244
  • Sep 1, 2011 12:28am Sep 1, 2011 12:28am
Quoting kostas1
A rare trade for me. I tried this constrainment and got an easy +38p. Hope Survivor will approve.
  • #6,245
  • Sep 1, 2011 2:19am Sep 1, 2011 2:19am
took a trade on euro early in the morning - moved my SL to break even too soon. oh well.

just took usd/chf trade. shorted it successfully for 12.7 pips. not entirely choros but there was ema 10 touch on 5 min at RN. price also touched ema 5 on 15 min chart. pretty steep angle of moving averages.

5 min usd chf below
Attached Image
  • #6,246
  • Sep 1, 2011 2:20am Sep 1, 2011 2:20am
Quoting kostas1
A rare trade for me. I tried this constrainment and got an easy +38p. Hope Survivor will approve.
Congratulations !
I am new to CHOROS, and I am reading manuals of DANCE. but I do not understand "constrainment". if possible, can you help to explain?
Thanks
Dancing with Candlesticks
  • #6,247
  • Sep 1, 2011 4:21am Sep 1, 2011 4:21am
Quoting iForex
Congratulations !
I am new to CHOROS, and I am reading manuals of DANCE. but I do not understand "constrainment". if possible, can you help to explain?
Thanks
a simple explanation would be
>when an MA seem to hold (constrain) price on one of its sides for a few bars
  • #6,248
  • Edited 5:32am Sep 1, 2011 5:17am | Edited 5:32am
A good constrainment setup like what Kostas took is so reliable in fact I am only trading this trade from Choros and nothing else from Choros. I am not trading anymore touch because I can't be consistent enough with it. However I will trade a nice pin bar if it goes through enough S n R and there is a good trend(Ok enough here, that's not Choros). So far for me the consistency in that is as reliable as a constrainment. Yeah touch trades makes more but I am not consistently milking pips trading touches, I give up, no talent I guess, lol.
Riding the order flow
  • #6,249
  • Sep 1, 2011 5:31am Sep 1, 2011 5:31am
Hi, I'm still reading the manuals and threads, but this seemed like a good idea at the time

usdchf 15 min constrainment on e10. Angles looked good, hourly looked ok, entered with stop loss above RN and take profit around pivot S1.

Got stopped out at .8003, price went long to .8013 before going short again. What was I missing? Was it just too tight a SL, or other things as well? Would've needed a 17-18 pip SL on that to keep the position open
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2011.09.01 trade 1 - usdchf - exit.jpg Size: 156 KB
  • #6,250
  • Sep 1, 2011 6:35am Sep 1, 2011 6:35am
Quoting asos101
a simple explanation would be
>when an MA seem to hold (constrain) price on one of its sides for a few bars
Hi asos101,

Would you consider this as constrainment, when the three highs are between 35 and 50?

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 140 KB
  • #6,251
  • Sep 1, 2011 6:42am Sep 1, 2011 6:42am
The definition of scooped-up for +16p.
M15 10 had turned up, next bar touches 10, I go long exactly on the MA. This is a quick countertrend trade and should be taken with quick profits.

P.S. A similar trade can be taken when price has crossed up the M15 35/50 and then the scooped-up can last for 50-60 pips or so....

EDIT: It seems iero4 had called this one in the INTERACTIVE thread. You guys rock !!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 111 KB
  • #6,252
  • Sep 1, 2011 6:48am Sep 1, 2011 6:48am
Quoting iForex
Congratulations !
I am new to CHOROS, and I am reading manuals of DANCE. but I do not understand "constrainment". if possible, can you help to explain?
Thanks
I'm new too. duffypratt has a nice summary here, and it explained constrainment well. Please read more examples from the TOC file (in the first post of this thread).

http://www.forexfactory.com/showthre...56#post4156356
  • #6,253
  • Sep 1, 2011 6:54am Sep 1, 2011 6:54am
Quoting kostas1
The definition of scooped-up for +16p.
M15 10 had turned up, next bar touches 10, I go long exactly on the MA. This is a quick countertrend trade and should be taken with quick profits.

P.S. A similar trade can be taken when price has crossed up the M15 35/50 and then the scooped-up can last for 50-60 pips or so....

EDIT: It seems iero4 had called this one in the INTERACTIVE thread. You guys rock !!!!
That was a really nice trade, thanks Kostas for sharing. I hope someday I will be able to do what you do.
I’m having a bad week this time, making bad decisions. I made only 4 trades this week, 3 losers 1 BE .
  • #6,254
  • Edited 7:16am Sep 1, 2011 7:00am | Edited 7:16am
Quoting kostas1
The definition of scooped-up for +16p.
M15 10 had turned up, next bar touches 10, I go long exactly on the MA. This is a quick countertrend trade and should be taken with quick profits.

P.S. A similar trade can be taken when price has crossed up the M15 35/50 and then the scooped-up can last for 50-60 pips or so....

EDIT: It seems iero4 had called this one in the INTERACTIVE thread. You guys rock !!!!
Close to the same thing happened on G/U but I was trying to get short with a 50 EMA touch. Missed the fill by a few pips.
Hindsight is 20/20
  • #6,255
  • Sep 1, 2011 7:15am Sep 1, 2011 7:15am
good day today. not gonna trade any more trades on live account today. up +31.3 pips . placed 7 trades today and not all would qualify as choros, nevertheless, good scalps.
  • #6,256
  • Sep 1, 2011 7:18am Sep 1, 2011 7:18am
I just had an urge to post this...an in-your-face 10 tap:

Attached Image


I TP'd at RN for +14. Almost certain I'm not alone in this one...
  • #6,257
  • Sep 1, 2011 7:20am Sep 1, 2011 7:20am
Quoting tonny47
good day today. not gonna trade any more trades on live account today. up +31.3 pips . placed 7 trades today and not all would qualify as choros, nevertheless, good scalps.
Congratulations tonny47. I took 10 pips from G/U via constrainment, setting TP quite conservatively b/c of the 1.62 RN and numerous tests happened earlier. Should've TP one half and let the other run (now 1.6150, OMG)! But I'm satisfied. It's my first successful dance today.
  • #6,258
  • Sep 1, 2011 7:23am Sep 1, 2011 7:23am
GBP usd short, before the big move. Touch on the 35. 1 and 5 min confirmed entry.

For now I'm keeping my TP at 15 pips till I get some experience. Later on I'll work on improving my exits. Took +15.

Seems I can't attach any more pics, reached a quota of some kind. Entered on the third 15 min bar touching 35, at 1.6222.
  • #6,259
  • Sep 1, 2011 7:32am Sep 1, 2011 7:32am
Quoting screenname
Congratulations tonny47. I took 10 pips from G/U via constrainment, setting TP quite conservatively b/c of the 1.62 RN and numerous tests happened earlier. Should've TP one half and let the other run (now 1.6150, OMG)! But I'm satisfied. It's my first successful dance today.
thank you!

10 pips is great! i tend to take small profits myself. be cautious during news announcements though
  • #6,260
  • Sep 1, 2011 2:03pm Sep 1, 2011 2:03pm
Hi,

I have a question about angles as they're very important to Choros. How do you measure them accurately? (I'm not using MT, and I don't have an angle tool thingie equivalent).

What I mean is, visually, the angles change based the range of bar that you display (zoom, window width, etc, all change this)
So if range 1.8800 - 1.9000 bars are on my screen, an MA from 1.8980-1.9000 is not steep at all. If range 1.8950 - 1.9000 bars are shown, then the same MA would be much steeper.

And another question, how do I increase/ get read of the attachments quota? Attached 3 images and can't add any more to show you what I mean.

Thank you
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