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CHOROS System

  • #6,441
  • Sep 15, 2011 9:14am Sep 15, 2011 9:14am
Quoting kk007

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!!!!
Riding the order flow
  • #6,442
  • Sep 15, 2011 9:19am Sep 15, 2011 9:19am
Quoting Binyamin
Hey Bin the second Dance manual you were talking about is the one Clay did for Choros thread, with the introduction and all??

EDIT: no entry for me... maybe it would be better to take the day off after all
Flp. 4:13
  • #6,443
  • Sep 15, 2011 9:21am Sep 15, 2011 9:21am
Quoting Anthar
Hey Bin the second Dance manual you were talking about is the one Clay did for Choros thread, with the introduction and all??
Must be Clay's final version (M1): http://www.forexfactory.com/showthre...82#post4271782
  • #6,444
  • Sep 15, 2011 9:48am Sep 15, 2011 9:48am
Candle started at 10:30 EST.

I didn't, since 1) I'm a newbie, I trade M15 or higher; 2) the slope wasn't steep enough; 3) No other confluences. But it could've worked.

Edit: Sorry I meant 35/50 touch.
  • #6,445
  • Sep 15, 2011 9:48am Sep 15, 2011 9:48am
Quoting screenname
Must be Clay's final version (M1): http://www.forexfactory.com/showthre...82#post4271782
Or,

Revised Manual

http://www.forexfactory.com/showpost...ostcount=54 7
http://www.forexfactory.com/showpost...ostcount=55 6
http://www.forexfactory.com/showpost...stcount=25 91
http://www.forexfactory.com/showpost...stcount=32 62
http://www.forexfactory.com/showpost...stcount=32 78
http://www.forexfactory.com/showpost...stcount=32 81
  • #6,446
  • Sep 15, 2011 9:55am Sep 15, 2011 9:55am
Quoting kk007
Or,

Revised Manual

http://www.forexfactory.com/showpost...ostcount=54 7
http://www.forexfactory.com/showpost...ostcount=55 6
http://www.forexfactory.com/showpost...stcount=25 91...
Thanks kk007. Your fifth link is the same as mine, which is his final version (M1). Thanks for the sixth link!
  • #6,447
  • Sep 15, 2011 10:07am Sep 15, 2011 10:07am
Quoting screenname
Must be Clay's final version (M1): http://www.forexfactory.com/showthre...82#post4271782
Thanks screenname and KK!
Flp. 4:13
  • #6,448
  • Sep 15, 2011 10:12am Sep 15, 2011 10:12am
Quoting Binyamin
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.
Good job!

Quoting Binyamin
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...
Watching 9 hours for 1-3 trades.... I have to learn this patience!
  • #6,449
  • Sep 15, 2011 10:16am Sep 15, 2011 10:16am
Quoting kk007

Watching 9 hours for 1-3 trades.... I have to learn this patience!
I have to learn this patience and this market sentiment, and psychology, etc, etc... I have to say I admire you too Bin, I don't have a daily job and I'm far from your trading level... hopefully someday I'll be
Flp. 4:13
  • #6,450
  • Sep 15, 2011 10:30am Sep 15, 2011 10:30am
Quoting Anthar
I have to learn this patience and this market sentiment, and psychology, etc, etc... I have to say I admire you too Bin, I don't have a daily job and I'm far from your trading level... hopefully someday I'll be
I have to learn this as well. Tuesday I didn't see any dance opportunities for Cable (London/NY overlap), felt that I had to trade something, then got stopped out.
  • #6,451
  • Sep 15, 2011 11:16am Sep 15, 2011 11:16am
Quoting screenname
I have to learn this as well. Tuesday I didn't see any dance opportunities for Cable (London/NY overlap), felt that I had to trade something, then got stopped out.
It's my belief and maybe it's been proven by someone that London market moves way better in the form of a better defined thread and more reliable signals than NY and London-NY overlap... unfortunely London starts at 3am my time so it's hard for me to trade it
Flp. 4:13
  • #6,452
  • Sep 15, 2011 3:55pm Sep 15, 2011 3:55pm
Just took this short based on H4/62 and Daily/10.

I know there's the weekly pivot just below that, so that's perhaps a bit risky trade, but I saw a kind of confluence with a 38 Fib Retracement of the main down move and am testing a Price Action analysis of a double high or double top how you want to call it.

Switch off and will see tomorrow how it went...
SL just above the previous high, TP around 1,3750.

Have all a nice weekend.
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  • #6,453
  • Sep 15, 2011 11:58pm Sep 15, 2011 11:58pm
What do you guys think, is that a 50 MA constrainment?

I think I need a balance life so I will reduce my trading time and concentrate more on my work and social life.
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Riding the order flow
  • #6,454
  • Sep 16, 2011 2:04am Sep 16, 2011 2:04am
Quoting Anthar
I have to learn this patience and this market sentiment, and psychology, etc, etc... I have to say I admire you too Bin, I don't have a daily job and I'm far from your trading level... hopefully someday I'll be
Sure, I think controlling yourself to only take the best setup and have the self control to walk away from half baked trades is a constant battle. I made the battle easier for myself by downing a shot or 2 of apple cider vinegar. The other thing is, if you have a small account and you desire to get so much out of it, that will definitely make it harder to take only good setups. It might be a good idea to work and grow your account first but in the mean time trade the demo.

I understand that times are very tough now and I can smell desperation in forums. Well guys just keep your head leveled and do the right thing in trading.
Riding the order flow
  • #6,455
  • Sep 16, 2011 2:30am Sep 16, 2011 2:30am
Quoting Binyamin
What do you guys think, is that a 50 MA constrainment?

I think I need a balance life so I will reduce my trading time and concentrate more on my work and social life.
Binyamin,

When the price is between 35 and 50 there is NOT constrainment or at least it is very weak constrainment...keep this in mind
You are allowed to fall but you are imposed to get up!
  • #6,456
  • Sep 16, 2011 4:58am Sep 16, 2011 4:58am
Quoting iero4
Binyamin,

When the price is between 35 and 50 there is NOT constrainment or at least it is very weak constrainment...keep this in mind
Thank you sir
Riding the order flow
  • #6,457
  • Sep 16, 2011 6:53am Sep 16, 2011 6:53am
Quoting Anthar
It's my belief and maybe it's been proven by someone that London market moves way better in the form of a better defined thread and more reliable signals than NY and London-NY overlap... unfortunely London starts at 3am my time so it's hard for me to trade it
We are in the same time zone. I've also noticed that for Euro and Cable prices are at least more volatile during 3-7am EST. But don't forget Clay traded London-NY overlap originally. I believe I can find more opportunities once I learn more advanced techniques, trade more pairs and lower time frame.
  • #6,458
  • Sep 16, 2011 12:10pm Sep 16, 2011 12:10pm
Quoting Whenever
Just took this short based on H4/62 and Daily/10.

I know there's the weekly pivot just below that, so that's perhaps a bit risky trade, but I saw a kind of confluence with a 38 Fib Retracement of the main down move and am testing a Price Action analysis of a double high or double top how you want to call it.

Switch off and will see tomorrow how it went...
SL just above the previous high, TP around 1,3750.

Have all a nice weekend.
..not bad....
+121 pieces and a very small DD too...I nearly do not believe it myself

My Tp was a bit before the RN at 1,3759 and it seems to have been a not bad idea.

I posted here and not in the interactive thread because it was already just after entering the trade, not a call in advance.

Anyway it reinforce the concepts that:

1) Dance / Choros is just Great !
2) IMHO if you add to the several possible confluences also Fibo and P/A it gets even stronger.

Looking for next opportunity.

Ciao
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  • #6,459
  • Sep 19, 2011 5:06am Sep 19, 2011 5:06am
Failure after failure, can't see any edge in my trading....
  • #6,460
  • Sep 19, 2011 5:14am Sep 19, 2011 5:14am
Enter after M5 pinbar at M15.E10, still failed.

Still maintain 90% loser rate. No matter which way to trade, SL hit almost immediately.
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