CHOROS System | Page 314 | 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

  • #6,261
  • Sep 1, 2011 5:04pm Sep 1, 2011 5:04pm
Quoting MrSpine
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...
If you search "angle" in this thread, you'd find out that the dancers have abandoned the angle measurement but switched to "fixed scale" measurement, i.e., always have 150 pips range for M15 etc. Also some dancer mentioned that you'll need to study successful/failed trades to find some angle which makes you feel comfortable.

I noticed in some dancer's attached pictures there are "trend lines by angle". I think they just pre-drew those lines as some reference angle to help decide the steepness.

Happy dancing. I'm a newbie as well.
  • #6,262
  • Sep 2, 2011 1:03am Sep 2, 2011 1:03am
Thanks screenname, but I was hoping for another solution. I'm currently using jforex and it doesn't have fixed scale; guess I'll have to code an indicator to show some default angles, 15, 30, 45, 60, 75, or smth like that.
  • #6,263
  • Sep 2, 2011 1:39am Sep 2, 2011 1:39am
anybody caught 2 bar retrace on EU 15 min? i missed it
and still going lower as we speak
EDIT: if i pay more attention to choros interactive, i wouldnt probably miss it
Attached Image
  • #6,264
  • Edited 9:07am Sep 2, 2011 3:55am | Edited 9:07am
  • #6,265
  • Sep 2, 2011 5:47am Sep 2, 2011 5:47am
GU very choppy, however there was 2 bar pullback on 15 min just a while ago. also bounce of 1 h sma 35, RN, confluence with ema 35/50 on 5min. took profit but shame i didnt hold it for little longer
below 5 min GU chart
Attached Image
  • #6,266
  • Sep 2, 2011 6:03am Sep 2, 2011 6:03am
i think i will just call it a day. up 28.8 pips for today in 7 trades. tried to scalp euro just a while ago. got in in right direction but got out with 2 pips profit for no apparent reason even though there was no sign of reversal. NFP makes me nervous.
  • #6,267
  • Edited 10:11am Sep 2, 2011 8:23am | Edited 10:11am
Two bar pullback to 10EMA on G/U. Missed being filled by 0.5p on the first bar (limit price was MA level at the open of the bar). If it had filled, trade would have stopped out at BE.

edit: second trade added. tried a "scoop down" of sorts. Price broke through all the MAs and I took the retest of the E10. First half hit TP, second half was supposed to be trailed on the tops of the 15m bars, but G/U never went anywhere for long enough to do that.

Perhaps the more prudent thing to do on a Friday would have been to take the money and run on both halves at 1:1 or second half at 2:1

Just a note that Oanda puts the limit order box under the slope of the MA, not the final value. Otherwise, I'm using open price of the MA to place the limit orders.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-09-02 at 11.04.46 AM.png Size: 77 KB
Hindsight is 20/20
  • #6,268
  • Edited 11:43am Sep 2, 2011 11:21am | Edited 11:43am
Could someone help me out and say what went wrong because I took long position there on GBPUSD. Marked by red line. Thanks

http://www.part.lt/img/thumb/8165b4e...f0770f4071.gif
  • #6,269
  • Sep 2, 2011 1:21pm Sep 2, 2011 1:21pm
hi 2121, i am not a pro of this method but this is my opinion - not exaclty sure where you entered. the candle where you entered is 13 pips long...
i think you took a trade at a period of a day when markets start getting little quiet. plus there was NFP and its friday.

nevertheless - check 1 hour chart. the price was trapped between ema 35/50.
15 min chart was quite a porcupine and piercing emas all the time and going up and down - no trend

hope this helps a bit
  • #6,270
  • Sep 2, 2011 1:27pm Sep 2, 2011 1:27pm
Have a GREAT Labor Day weekend EVERYBODY !!
  • #6,271
  • Sep 2, 2011 4:37pm Sep 2, 2011 4:37pm
Based on the sagely advice on this thread, I have focused my attention to a single pair (EU) until I feel I can get fully up to speed.

The downside of focusing on a single pair is that there is a tendency to over-engineer the situation, looking for trades when Choros would tell you that none should be made.

And so, here is a question for the pro's (Kostas in particular). How often do you need to look at a 15 M chart to assess that a trade might be coming up? That is, you might look at a chart and see diverging 35/50 or the price may be far from the 10.

My problem when I was looking at multiple pairs was that I was cycling through them all at such a high rate that many of the obvious trades passed me by. And so, I am basically asking a question about a sampling rate. Let's say I have a main pair that I am looking at (EU). And let's there are 3 other pairs I am interested in. How often do I need to look into those pairs to see if there is a potential Choros trade.

Thanks so much.

cmeade2
  • #6,272
  • Sep 4, 2011 12:07pm Sep 4, 2011 12:07pm
just a thing i want to share with everyone here.
lately i have been doing much testing in the Simulator to improve my performance. i had a problem with the Autopivot_v5 indicator as it doest plot new lines in the sim. so i found another indi that doesnt have this problem (i guess there are quite a few around in FF) and i saw a very interesting thing.
Price Reacts to Previous Days S/R Pivot Lines .
so why is this useful? you may decide to take profit early, or not take a trade (or even take a counter trade) when close to one of these previous day levels.
does it really make a diference? for me it does and thats why i decided to post.
feel freee to c&c :nerd:.
i attach the indi i use below (although there are quite a lot that do the same and can be found here in FF), adjust for your br0ker time so start of the day is at the end of US close session.
and a chart as an example (look at previous day's R1 and Dp the thick black line)
just up and see for yourself
Attached Image (click to enlarge)
Click to Enlarge Name: srs.gif Size: 26 KB
Attached File(s)
File Type: mq4 fxbc_S&R_pivots.mq4   17 KB | 329 downloads
  • #6,273
  • Sep 4, 2011 3:21pm Sep 4, 2011 3:21pm
Quoting asos101
just a thing i want to share with everyone here.
lately i have been doing much testing in the Simulator to improve my performance. i had a problem with the Autopivot_v5 indicator as it doest plot new lines in the sim. so i found another indi that doesnt have this problem (i guess there are quite a few around in FF) and i saw a very interesting thing.
Price Reacts to Previous Days S/R Pivot Lines .
so why is this useful? you may decide to take profit early, or not take a trade (or even take a counter trade) when close to one of these previous day...
thanks Asos! good stuff - it was bugging me while using simulator! gonna give it a try!
  • #6,274
  • Sep 5, 2011 10:17am Sep 5, 2011 10:17am
Quoting tonny47
thanks Asos! good stuff - it was bugging me while using simulator! gonna give it a try!
yeh.. well i didnt post it for the sim so much but to show how yesterday's pivots are also respected equally or sometimes more than the current day's pivots.
2 examples from today.
look yesterday's S1 for GU on the left and S2 for EU on the right.
coincidence right?
Attached Image (click to enlarge)
Click to Enlarge Name: srs2.gif Size: 36 KB
  • #6,275
  • Edited 12:17pm Sep 5, 2011 10:23am | Edited 12:17pm
as for my trades today, both off the landslide touches at H1 10.
actualy both a little late but they managed fine for my daily target.

edit: sorry for the change in colors. its a template with all the MAs from M15 to D1.
the colors go 10-yellow, 35-blue, 50-brown and then higher MAs have dotted lines, anyway.
edit2: someone asked for the template, so attached it below, just remember its for M15 only. it has all the higher MAs and its good to play in the simulator. if you do just remove the FXGuru_piptracker, it doesnt work in the sim.
edit3: i forgot that i have renamed the original indicators so here are mine that relate to the template below, just add to experts/indicators and the template should load them fine. if not let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: tt.gif Size: 43 KB
Attached File(s)
File Type: tpl choros_sim.tpl   11 KB | 356 downloads
File Type: zip asos101_indicators.zip   17 KB | 447 downloads
  • #6,276
  • Sep 6, 2011 3:53am Sep 6, 2011 3:53am
Quoting georgecv87
can anyone of you explain what is a GAP please...?
This question was in the INTERACTIVE thread. Answer in the chart, but you should read this thread more carefully. I have discussed gaps extensively....
Attached Image (click to enlarge)
Click to Enlarge Name: gap.jpg Size: 151 KB
  • #6,277
  • Sep 6, 2011 3:57am Sep 6, 2011 3:57am
Hi Kostas! Hope you got the bounce off the EU daily 10MA just now. Unbelievable dance trade, I'm really impressed how well it works even at the highest timeframes.
  • #6,278
  • Sep 6, 2011 3:59am Sep 6, 2011 3:59am
Quoting arha
Hi Kostas! Hope you got the bounce off the EU daily 10MA just now. Unbelievable dance trade, I'm really impressed how well it works even at the highest timeframes.
To be honest I will wait for the price to settle down before taking trades. I am sure there is going to be good trade that I am going to miss but with these huge bars the price may do weird things.
  • #6,279
  • Sep 6, 2011 4:07am Sep 6, 2011 4:07am
Quoting kostas1
To be honest I will wait for the price to settle down before taking trades. I am sure there is going to be good trade that I am going to miss but with these huge bars the price may do weird things.
There was no way I was going to enter at anything off the hourly, but when it made it all the way to the daily, and with the daily 35/50 looking so perfect I couldn't resist.

It is very rare to see a daily 35/50 looking so good, and just coincidentally I was going back through the EU daily chart earlier this morning studying those very setups, so the timing couldn't have been better.
  • #6,280
  • Sep 6, 2011 5:29am Sep 6, 2011 5:29am
Textbook example today M15.E10 touch.

BE myself because of need to go away from screen.
Attached Image
7 traders viewing now