CHOROS Interactive | Page 63 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS System 16,719 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

Interactive Brokers and Metatrader 0 replies

Attachments: CHOROS Interactive
Exit Attachments

CHOROS Interactive

  • #1,241
  • Sep 13, 2011 2:39am Sep 13, 2011 2:39am
Quoting kk007
Aren't the last 2 M5 bar on the figure below rejection signal, I entered at COB and failed.
Just retrace from the strong down move.
  • #1,242
  • Sep 13, 2011 2:58am Sep 13, 2011 2:58am
Quoting kostas1
Just retrace from the strong down move.
You are a PA master, I did not think of this at all!
  • #1,243
  • Sep 13, 2011 3:29am Sep 13, 2011 3:29am
Quoting kostas1
Just retrace from the strong down move.
A retrace from a strong support.

Quote
You are a PA master
agree

Anyone here think it will hit the DP?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 243 KB
Riding the order flow
  • #1,244
  • Sep 13, 2011 3:52am Sep 13, 2011 3:52am
Quoting Binyamin

Anyone here think it will hit the DP?
I made a mistake with this trade, I didn't see the RN right in front of the pin, I am just lucky the price have move enough to let me go to BE with my 1st half TP-ed.
Riding the order flow
  • #1,245
  • Sep 13, 2011 4:00am Sep 13, 2011 4:00am
EU M15/10 DP short?
  • #1,246
  • Sep 13, 2011 4:09am Sep 13, 2011 4:09am
Quoting messiahua
EU M15/10 DP short?

If this current bar now closes as a pin bar and its proximity is far away enough from the Next RN I won't hesitate to sput a sell stop under the bar. Day Trading Pros! Please comment!

Edit: If it close as a pin bar in the 15M and 30M there are quite a few important levels it will reject and right in front of it is a traffic free highway to the next stop point. I want to hear from the pros.

Edit: A pin bar formed I will short if it hit the low.

Edit: In the trade now and enjoying the ride, I just took my 1st TP for 10 pips at RN and 2nd at BE.
Riding the order flow
  • #1,247
  • Edited 4:14am Sep 13, 2011 4:11am | Edited 4:14am
E/U 15M -10EMA touch short got stopped out

Anybody can give some suggestion?
When I trade the demo using CHOROS, the result is quite good. But when I changed to real account, it looks like the market is always against me.
As I was typing, the market has rejected back to south direction,
Thanks
Dancing with Candlesticks
  • #1,248
  • Sep 13, 2011 4:14am Sep 13, 2011 4:14am
Quoting iForex
E/U 15M -10EMA touch short got stopped out
I don't trade touch but wouldn't your trade break the 2 bar rules?
Riding the order flow
  • #1,249
  • Sep 13, 2011 4:15am Sep 13, 2011 4:15am
Quoting Binyamin
I don't trade touch but wouldn't your trade break the 2 bar rules?
what is that? I did not see in the manual. please tell me some deatil
Dancing with Candlesticks
  • #1,250
  • Sep 13, 2011 4:21am Sep 13, 2011 4:21am
Quoting iForex
what is that? I did not see in the manual. please tell me some deatil
Well the rule of a 10EMA touch trade is, the EMA must be steeper than 45 degrees and price must get to the 10EMA in 2 bars or less. Hence the 2 bar rule. Argh I must mention something too, the season traders here add an additional rule to it, the 35/50 MA have to be steep and parallel for a 10EMA touch to be valid. But this is not the official rule, I certainly have made the most pips in these conditions.......

The 2nd have of my trade got stopped out at BE.... Happens most of the time.
Edit, the price went to my SL at BE and took out my 2nd half just to turn and run. The key is not to beat yourself up when it happen. Pat yourself on the back if you can let it go without sulking.
Riding the order flow
  • #1,251
  • Sep 13, 2011 4:27am Sep 13, 2011 4:27am
Quoting Binyamin
If this current bar now closes as a pin bar and its proximity is far away enough from the Next RN I won't hesitate to sput a sell stop under the bar. Day Trading Pros! Please comment!

Edit: If it close as a pin bar in the 15M and 30M there are quite a few important levels it will reject and right in front of it is a traffic free highway to the next stop point. I want to hear from the pros.

Edit: A pin bar formed I will short if it hit the low.

Edit: In the trade now and enjoying the ride, I just took my 1st TP for 10 pips at RN and 2nd at...
got in too early just above the pivot and was stopped out for -10 pips
  • #1,252
  • Sep 13, 2011 4:29am Sep 13, 2011 4:29am
Quoting tonny47
got in too early just above the pivot and was stopped out for -10 pips
I am sorry to hear that, now you know why I am scared as hell to trade without enough confirmations.
Riding the order flow
  • #1,253
  • Sep 13, 2011 5:11am Sep 13, 2011 5:11am
Don't forget the basics:
- No trend in M15 35/50
- No trend in H1 35/50 (ping-pong)

This is "no-man's land" and you should trade only scalping or do not trade at all if a newbie.
  • #1,254
  • Sep 13, 2011 5:22am Sep 13, 2011 5:22am
Quoting Binyamin
I am sorry to hear that, now you know why I am scared as hell to trade without enough confirmations.
oh well... need to be more patient

i think i should become a lawyer - i am able to justify to myself just about any trade
  • #1,255
  • Sep 13, 2011 5:43am Sep 13, 2011 5:43am
Quoting Binyamin
Well the rule of a 10EMA touch trade is, the EMA must be steeper than 45 degrees and price must get to the 10EMA in 2 bars or less. Hence the 2 bar rule. Argh I must mention something too, the season traders here add an additional rule to it, the 35/50 MA have to be steep and parallel for a 10EMA touch to be valid. But this is not the official rule, I certainly have made the most pips in these conditions.......

The 2nd have of my trade got stopped out at BE.... Happens most of the time.
Edit, the price went to my SL at BE and took...
Thank you very much!
I have some other questions:
Let us take down trend as example. If the lowest par is doji or pin bar, will it be counted as one of 2 bars?
If price did not retrace back from lowest point, from high low point, but within 2 bars , tradeable?
2 bars rule not applicable to 35/50 touch?

Appreciate all your help
Dancing with Candlesticks
  • #1,256
  • Sep 13, 2011 6:00am Sep 13, 2011 6:00am
Quoting iForex
Thank you very much!
I have some other questions:
Let us take down trend as example. If the lowest par is doji or pin bar, will it be counted as one of 2 bars?
If price did not retrace back from lowest point, from high low point, but within 2 bars , tradeable?
2 bars rule not applicable to 35/50 touch?

Appreciate all your help
I wish the pros will explain this because I don't have the gift of the touch(I don't trade the touch anymore). Your first question: I don't know but I remember Kostas explain ages ago that he count it as a bar towards the EMA 10. PLEASE CORRECT ME IF I AM WRONG.

The 2nd question: No, 2 bar rule doesn't apply to the 35/50. A better explanation by the founder of the system himself, eclayf. Go to page 21 of the original dance thread and look for his post.

Quote
If price did not retrace back from lowest point, from high low point, but within 2 bars , tradeable?
Please re explain I don't understand.
Riding the order flow
  • #1,257
  • Sep 13, 2011 6:09am Sep 13, 2011 6:09am
Quoting iForex
If price did not retrace back from lowest point, from high low point, but within 2 bars , tradeable?
Ah I think I get you question now, if the price takes 2 bars or less to get there after it deviate from the trend is it valid?

The answer I will give you if I do will not be Choros-ly by the manual correct it is my way of trading it. I invite the pros here to answer that.
Riding the order flow
  • #1,258
  • Sep 13, 2011 6:26am Sep 13, 2011 6:26am
Quoting Binyamin
I invite the pros here to answer that.
Please invite the pros to the regular Dance thread to discuss this. It has been explained in there many-many times.
  • #1,259
  • Sep 13, 2011 6:37am Sep 13, 2011 6:37am
EU:
Looks like a strong move north. But we are going to cross the RN and the H1 62. If these two hold the price we could see a decent reaction south again but we have to wait the H1 close and see how strongly it has crossed the H1 62.
  • #1,260
  • Sep 13, 2011 6:46am Sep 13, 2011 6:46am
It hit the H1 62 and immediately reversed.

Quoting kostas1
EU:
Looks like a strong move north. But we are going to cross the RN and the H1 62. If these two hold the price we could see a decent reaction south again but we have to wait the H1 close and see how strongly it has crossed the H1 62.
10 traders viewing now