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CHOROS System

  • #6,381
  • Sep 13, 2011 2:29am Sep 13, 2011 2:29am
Quoting Greenhill
Here is a classic 15m 35/50 trade. The 35sma wasn't pointing up, but I was confident because price had moved through both 35/50 in one bar, and it was confluenced with the 5m 200 and 1h 20sma, as well as the RN. Took profit in 2 stages. Total profit 27 pips.
Hey there nice trade, were you a bit cautious since the 35/50 are not parallel? What gave the conviction despite the unparallel MA?
Riding the order flow
  • #6,382
  • Sep 13, 2011 2:38am Sep 13, 2011 2:38am
Quoting Binyamin
Hey there nice trade, were you a bit cautious since the 35/50 are not parallel? What gave the conviction despite the unparallel MA?
In addition to the factors I already mentioned was that the first bar which crossed the 35/50 was a pin, so I knew there were buyers there. Also, I set my stop just below the 5m bar I entered on, for a small 7 pip stop.
  • #6,383
  • Sep 13, 2011 3:14am Sep 13, 2011 3:14am
Quoting Greenhill
In addition to the factors I already mentioned was that the first bar which crossed the 35/50 was a pin, so I knew there were buyers there. Also, I set my stop just below the 5m bar I entered on, for a small 7 pip stop.
Ooh I din see the pin, you trade during the Japanese session... Nice one anyway.
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  • #6,384
  • Sep 13, 2011 4:35am Sep 13, 2011 4:35am
I took this M15.E10 @ RN, enter using M1 PA. This turned out to me a winner +16pip, but I am not sure is it a good setup. Please comment, if you can!
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  • #6,385
  • Sep 13, 2011 10:22am Sep 13, 2011 10:22am
Hi does anyone here use time stops, meaning if a trade doesn't fulfill certain criteria by a set amount of time you get out?
Riding the order flow
  • #6,386
  • Sep 13, 2011 10:25am Sep 13, 2011 10:25am
Quoting Binyamin
Hi does anyone here use time stops, meaning if a trade doesn't fulfill certain criteria by a set amount of time you get out?
I believe you know how to code it. It may be too specific to find it on web.
  • #6,387
  • Sep 13, 2011 10:34am Sep 13, 2011 10:34am
Quoting kk007
I believe you know how to code it. It may be too specific to find it on web.
Oh I mean mental time stop, but hey an automated time stop might not be a bad idea but I can see it will be a bit complicated for the user because the user have to key in the price target according to the PPA or so.. A few times I notice that if a setup occur and it doesn't cover a certain amount of ground in a set time it is usually better to get just out or try to get out at BE. I am trying to figure out the best way to test that too.
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  • #6,388
  • Sep 13, 2011 10:39am Sep 13, 2011 10:39am
Quoting Binyamin
Oh I mean mental time stop, but hey an automated time stop might not be a bad idea but I can see it will be a bit complicated for the user because the user have to key in the price target according to the PPA or so.. A few times I notice that if a setup occur and it doesn't cover a certain amount of ground in a set time it is usually better to get just out or try to get out at BE. I am trying to figure out the best way to test that too.
Sorry, I've got it wrong.
  • #6,389
  • Sep 13, 2011 10:41am Sep 13, 2011 10:41am
Quoting kk007
Sorry, I've got it wrong.
No you gave a damn good idea that might have legs, I have an idea on how to semi automatedly test it now. I dump the entry time with the key PPA or important level data etc with it into the program and get it to test out the edge of the entries...... Anyway this should belong to platform tech section. Oh that program doesn't exist yet, it needs to be written. This will be fun.
Riding the order flow
  • #6,390
  • Sep 13, 2011 10:53am Sep 13, 2011 10:53am
Quoting Binyamin
No you gave a damn good idea that might have legs, I have an idea on how to semi automatedly test it now. I dump the entry time with the key PPA or important level data etc with it into the program and get it to test out the edge of the entries...... Anyway this should belong to platform tech section. Oh that program doesn't exist yet, it needs to be written. This will be fun.
I remember micmic was coding some EA that showed or rated the "edge" of the entries... he walked a loong way with it, but he hasn't posted much recently.. I wonder how he's doing
Flp. 4:13
  • #6,391
  • Sep 13, 2011 10:58am Sep 13, 2011 10:58am
Quoting Anthar
I remember micmic was coding some EA that showed or rated the "edge" of the entries... he walked a loong way with it, but he hasn't posted much recently.. I wonder how he's doing
That EA is to trade the dance by getting the EA to determine the health of the entry, this program that I have in mind is not an EA, it is to give you statistical information about the edge of your entry in the hope that you can have instant statistical feedback on your latest bunch of trades. For example It can also test what if you place your entry plus minus 5-10 minutes from your entry. It will tell you how sensitive your entries are if you change the entry time a bit. That will save me a lot of research time. It is not a backtesting program either.
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  • #6,392
  • Sep 13, 2011 11:02am Sep 13, 2011 11:02am
Quoting Binyamin
That EA is to trade the dance by getting the EA to determine the health of the entry, this program that I have in mind is not an EA, it is to give you statistical information about the edge of your entry in the hope that you can have instant statistical feedback on your latest bunch of trades. For example It can also test what if you place your entry plus minus 5-10 minutes from your entry. It will tell you how sensitive your entries are if you change the entry time a bit. That will save me a lot of research time.
Ohh I get it now, that'd be interesting too... it's mainly a statistical tool rather than an entry aid...
Flp. 4:13
  • #6,393
  • Sep 13, 2011 11:11am Sep 13, 2011 11:11am
Hi Anthar,

This is from the interactive thread..
Isn't scooped-up a counter-trend setup? EU is currently in the sideway zone...

cheers,
  • #6,394
  • Sep 13, 2011 11:14am Sep 13, 2011 11:14am
Quoting kk007
Hi Anthar,

This is from the interactive thread..
Isn't scooped-up a counter-trend setup? EU is currently in the sideway zone...

cheers,
You're right my friend, in this ranging market this kind of setups are not that reliable. Also I don't trade them that much because I like with the trend trades... thanks for pointing this out KK
Flp. 4:13
  • #6,395
  • Sep 13, 2011 11:26am Sep 13, 2011 11:26am
Quoting Binyamin
No you gave a damn good idea that might have legs, I have an idea on how to semi automatedly test it now. I dump the entry time with the key PPA or important level data etc with it into the program and get it to test out the edge of the entries...... Anyway this should belong to platform tech section. Oh that program doesn't exist yet, it needs to be written. This will be fun.
The idea of a timed stop has crossed my mind. But I haven't been able to consistently work on it. It really depends on the PA.

P.S. What happened to micmic???
  • #6,396
  • Sep 13, 2011 11:29am Sep 13, 2011 11:29am
Quoting kostas1
P.S. What happened to micmic???
I wonder that too, I hope he's doing ok with his EA. The last time I heard of it he was going to give a shot at Survivor's method to make another EA of it... hope he would give some update on how he's doing
Flp. 4:13
  • #6,397
  • Sep 13, 2011 7:35pm Sep 13, 2011 7:35pm
Hi guys. I follow you all the time in both threads, I just don't have time to post much these days. I don't have the good trades to post, either!

I see you talking about timed stops. Another thing you might like is "number of bars." I've read about traders talking about the averages of the number of consecutive bars in a trend.

For example, you take all the M15 bars over a time period. Then you just look for trends of consecutive bars and you count the number of bars in the trend. Then you create a table, find out the longest run, the average run, how many runs were over 5 bars, 6 bars, 7 bars, how many pips did these runs move for longest, shortest, average, etc., etc.

Obviously you program this, which I can't do. But maybe it could help with TP or SL prediction in certain situations. Since you're talking about this I thought I would just throw in the idea. It's up to you if you like it.

Kostas, thanks for being the Maharishi Guru Grand Poobah! Thanks again to Clay and all the other Dancers. And thanks to Bin, KK, Asos, Anthar, Haydel (I've been to Cochabamba!), Greenhill and the rest of you guys for keeping Choros alive. I read you almost every day.

Mega pips to all!
AF
Luck occurs when preparation meets with opportunity.
  • #6,398
  • Sep 14, 2011 12:18am Sep 14, 2011 12:18am
Hey there haven't seen you in a while hope you are doing fine in these rough environments, yeah with the way I am trading choros now, time stops might have some legs. Every time the setup is right price usually always rush along the highway to the next traffic jam. If it doesn't get there within a timeframe the risk might be too high to hold it. It is just a nice theory for now based on feel. I am using my spare time to plan the program to test it. Since that is not the only thing I will like to test the program needs to be flexible. Let me know if you know of any commercial programs that does the same thing.
Riding the order flow
  • #6,399
  • Sep 14, 2011 1:40am Sep 14, 2011 1:40am
My first today, not sure if this is a good trade: +15 pip

1-bar retracement to M5.E10 (Endroute style) confluence with M5 S/R
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  • #6,400
  • Edited 2:40am Sep 14, 2011 2:25am | Edited 2:40am
Its been a long while since I had a lost, anyway here is one just now, down with a vinegar shot..... YUCK! This lost could have been easily avoided. No excuse.
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