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CHOROS System

  • #6,421
  • Sep 15, 2011 2:23am Sep 15, 2011 2:23am
Quoting kostas1
Usually, the price likes to check all points of interest and it hasn't touched RN, H1 35/50 yet. But you are right, it could just shoot up. I will re-enter: a) if price is rejected from RN/H1 35/50 or b) if price shoots up from here then I will try the regular M5 10 or M15 10 retraces.
Cheers, I think you mean if it took all the buy order around the region, its upwards force would be strong.
  • #6,422
  • Sep 15, 2011 2:55am Sep 15, 2011 2:55am
Quoting Binyamin
Thanks for sharing, its valuable stuff.
Hi Bin,

How many setups are you take per day on average? How many hours you trade a day?

cheers,
  • #6,423
  • Sep 15, 2011 3:40am Sep 15, 2011 3:40am
Quoting kk007
Hi Bin,

How many setups are you take per day on average? How many hours you trade a day?

cheers,
I have a day job but I am literally watching the markets the whole of the london session, half of the NY session and the latter part of the Jap session. I don't trade the Jap or the late US session. Maybe once in a week I get up from bed and out of curiosity I check the markets. It's just an obsession to see whats going on and figure our what the market is going to do. If you have a job that needs your interest and brains it is not good for trading at the same time. (Maybe its a good idea for me to quit my job and work in an assembly line where i don't have to think, just kidding)

For H1, 30M and 15M watching 12 markets I generally catch 1-3 setups on average. If I include trades I missed by accident I believe it will be about 2 times that amount. But sometimes I can't see any clean setups for a day or two, hence I don't trade at all.

Basically sideway + noisy markets I will have 1 trade maybe 2 but many times no trades.(I want to make a point to never trade sideways) Trending markets can give me a lot of setups, up to 10 in a day at one point.
Riding the order flow
  • #6,424
  • Sep 15, 2011 4:27am Sep 15, 2011 4:27am
I suppose if I let people around me know what is going through my mind throughout the day it might be deemed a bit mentally unstable because they would think I am torturing myself. Truth is I don't feel burdened, I am quite fascinated at this point that the market can sometimes be predicted to a high degree of accuracy.
Riding the order flow
  • #6,425
  • Sep 15, 2011 4:40am Sep 15, 2011 4:40am
Quoting Binyamin
I suppose if I let people around me know what is going through my mind throughout the day it might be deemed a bit mentally unstable because they would think I am torturing myself. Truth is I don't feel burdened, I am quite fascinated at this point that the market can sometimes be predicted to a high degree of accuracy.
For many ocassions, I thought I got it and after a while, everything certain seemed disappeared. Then, I researched again and felt I got it. And after a while everything I thought for certain untrue again. I have gone through this cycle again and again. Hope you have a quick success. It is certainly not me.

Seem to be more difficult to get a PhD degree....
  • #6,426
  • Sep 15, 2011 4:55am Sep 15, 2011 4:55am
Quoting kk007
Seem to be more difficult to get a PhD degree....
I actually have a PhD degree :nerd:, but I assure you it was EASIER than learning to trade......
  • #6,427
  • Sep 15, 2011 5:03am Sep 15, 2011 5:03am
Quoting kostas1
I actually have a PhD degree :nerd:, but I assure you it was EASIER than learning to trade......
Woah! we got a Doctor here! Wait there is two, the other one is Dr constrainment.
Riding the order flow
  • #6,428
  • Sep 15, 2011 5:39am Sep 15, 2011 5:39am
Quoting kostas1
I actually have a PhD degree :nerd:, but I assure you it was EASIER than learning to trade......
Yes, I know from your "Looking for a mentor" thread. It looks like something happened yesterday.
  • #6,429
  • Sep 15, 2011 5:42am Sep 15, 2011 5:42am
Touch traded the M5.E10 + RN. with the trend. earned +15pip....

Can't believe it is true, and not sure if it is just luck, after losing again and again.

Looked good on both M15 and M5 chart!
Attached Images
  • #6,430
  • Sep 15, 2011 5:46am Sep 15, 2011 5:46am
Got +9 pip for this after the a few wicks.

Regreted to enter, since it was counter-trend. Good to have taken small profit, otherwise it would turn BE.
Attached Image
  • #6,431
  • Sep 15, 2011 8:16am Sep 15, 2011 8:16am
Ok, made a killing today. This was one of the instant profit ones for around +70p !!!!!!
Entered using bounces from M1 that were close to the H1 10 area, expecting a 2bar retrace bounce. Then the price just shot up due to unscheduled news. Now, how come the news always seem to coincide with the CHOROS trades is beyond my comprehension. I am just happily stupid now...

EDIT: Price went all the way to RN, Daily 10, Daily R2, H4 62 confluence. Waiting for a south reaction (if it ever happens with this strong move north).
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  • #6,432
  • Sep 15, 2011 8:21am Sep 15, 2011 8:21am
I cought that crazy bull candle ! I entered @ H1 10 touch and immediately it started the crazy upward move. The thing is that I didn't even have the time to place SL and TP so I tried to close manualy and after 5-6 attempts it closed at 1.3841 giving me +68 with full size .

Although my entry was according to the rules, the price could have easily moved to the oposite direction which means disaster so I was a bit lucky here. This trade made me feal more fear rather than happiness and the lesson learned is ALWAYS place SL at the same time you place an order...!

PS. Hope you guys took that trade.

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You are allowed to fall but you are imposed to get up!
  • #6,433
  • Sep 15, 2011 8:31am Sep 15, 2011 8:31am
Quoting kostas1
Ok, made a killing today. This was one of the instant profit ones for around +70p !!!!!!
Entered using bounces from M1 that were close to the H1 10 area, expecting a 2bar retrace bounce. Then the price just shot up due to unscheduled news. Now, how come the news always seem to coincide with the CHOROS trades is beyond my comprehension. I am just happily stupid now...

EDIT: Price went all the way to RN, Daily 10, Daily R2, H4 62 confluence. Waiting for a south reaction (if it ever happens with this strong move north).
You are allowed to fall but you are imposed to get up!
  • #6,434
  • Sep 15, 2011 8:32am Sep 15, 2011 8:32am
Quoting iero4
I cought that crazy bull candle ! I entered @ H1 10 touch and immediately it started the crazy upward move. The thing is that I didn't even have the time to place SL and TP so I tried to close manualy and after 5-6 attempts it closed at 1.3841 giving me +68 with full size .

Although my entry was according to the rules, the price could have easily moved to the oposite direction which means disaster so I was a bit lucky here. This trade made me feal more fear rather than happiness and the lesson learned is ALWAYS place SL at the same...

For some unknown reason my laptop fooled around in an unusual manner for 30 minutes I had to restart it 'cause mouse wouldn't respond, this bull entry was so clear I'm sure I would've taken it, and it would've been a great boost for my moral, lol. Anyway next trade, congrats to everyone that got in
Flp. 4:13
  • #6,435
  • Sep 15, 2011 8:38am Sep 15, 2011 8:38am
Would this be a type of PA you would look after guys??
It gave good 20 pips from close of bar to high of bullish candle
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Flp. 4:13
  • #6,436
  • Sep 15, 2011 8:57am Sep 15, 2011 8:57am
Great for you guys having a big win!

I want to take tomorrow off for thread reading (Dance thread). Trading is very addictive to me at the moment. I have to force myself off the screen!!!!

Best wish for your trading and life in general!!!!
  • #6,437
  • Sep 15, 2011 8:59am Sep 15, 2011 8:59am
M15 10EMA touch.

Edit: haven't figured out how to take partial profit yet, otherwise would've let the profit run...
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  • #6,438
  • Sep 15, 2011 9:01am Sep 15, 2011 9:01am
Quoting kk007
Great for you guys having a big win!

I want to take tomorrow off for thread reading (Dance thread). Trading is very addictive to me at the moment. I have to force myself off the screen!!!!

Best wish for your trading and life in general!!!!
Off day tomorrow for Mexico's Independence Day!!!.... I won't be taking the day off tho'... markets don't give a damn about Mexico's holidays lol... so I might be trading... have a great weekend KK, and everyone
Flp. 4:13
  • #6,439
  • Sep 15, 2011 9:04am Sep 15, 2011 9:04am
Quoting kk007
Great for you guys having a big win!

I want to take tomorrow off for thread reading (Dance thread). Trading is very addictive to me at the moment. I have to force myself off the screen!!!!

Best wish for your trading and life in general!!!!
Good luck kk007. I didn't take the Cable H1 10EMA touch otherwise I could've got the upside, but it's not real money for me anyway... If I had, I would've felt "happily stupid" and "scared" as well, LOL...

Edit: ah, just missed another big candle. But I'm happy with the 10 pips I got. Maybe I should've TP'ed at 15...
  • #6,440
  • Sep 15, 2011 9:09am Sep 15, 2011 9:09am
Just taken this trade for +15 pip. M15.E10 + D_R1 + M_S1 + Yesterday High.

When looking at M15, price has a sharp reversal from a marked TL, but at M5, the reversal was not so sharp and the after seeing a few wicks under the bars, I decided to buy.
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