CHOROS System

Thank you for the answers, i think there is a lot of valuable information in these answers posts, although i am pretty sure that i will have to remind myself a lot on the 3 points that binyamin summarized.

@ Asos101: i think that i decided to enter on the touch of the MA/RN but because the simulator was going to fast and the spread i entered higher. Then from there on price dropped and went way down, then FEAR got control of me and i closed the position,then price went higher in the next bar. So it was not GREED but FEAR that made me close the position with a loss.
I guess that i am making all the beginner mistakes that i read a lot about.
But i am here to learn from my mistakes so i wont make them again!!!

@ Whenever: It is like if i have no choice about coming back to the charts, i always felt bad about giving up on it, i am glad that i am not alone on this fight. If i tell people around me that i believe that i am going to make a living from this then they think that i am mad and they start to warn me about losing all my money and so on.....
I know that i will get there someday and it is really inspiring to see that there are guys on this forum who are really doing it and help other people to learn it.

here is one of the 2 solutions i know about weekend spreads
http://www.forexfactory.com/showthre...30#post4751630

the other is to unplug your internet when opening MT4 after the markets are closed.

as for fear and greed everyone needs to fight that battle for themselves, and its not what it seems to be at first.
but at least we are a good company here and we all try to learn from each other.

Hi, Dear CHOROR
Anybody knows the template that helps to show all time frames chart (such as 5M, 15M, 1H, 1D) on the screen with ONLY ONE CLICK for a currency pair?
that will be easy for us to switch between different pairs.

Thanks
iForex

+10pip: Only a few minutes before news.. hesitated.....
M15.35/50 + H1.E10

hi kostas1,

If you have time, would you mind answer how would you trade this. If no time just ignore this.

When I try to "copy" how you would trade, I always get trouble in what you have called the "bounce zone".

There is a confluence of H1.S35, H4.E10 and RN. Moving up there is a confluence of H1.E50 and DPP.

My first entry was a M1 bounce a few pip and retraced back to the confluence, -10pip.

My second entry was using the fake-head concept and got +15 pip.

How would you do, if you are in this situation?

cheers,
kk007

Probably like this:

Hi Kostas1,

Many thanks for your kind reply. I have fell from heaven (weeks of no loss days) to hell (weeks of all red days). Now, I am again feeling myself on track! Hope not to have another fall!

I find that you very often officially advice for a "solidified" PA pattern for entering.

Nevertheless, when you trade yourself, you do not wait for those solidified bar (not wait for end of bar) to enter.

I feel quite confusing that there are 2 types of PA that you are using.

cheers,

kk007

P.S. Look like solidified PA is easier to understand than not-solidfied PA.

End the day, too tired to continue (5hr already).
Got +20 pips, taken 10 trades (Usual SL = -10pip) (Max TP 15pip., Usual TP ~10 pip)
Made some silly mistakes. Luck is not too bad not too good.
Feel like moving forward in the right direction!

.

The best entry is always the solid, PA-confirmed entry. Depending on the MA you should get at least M5 rejection. For H4 better wait for M15 rejection.
When you get experience you can learn how to successfully use the M1 entries.

Hello!
I have a question:

When 200 ema on H1 is above the price but the 200 ema on M1 is below the price, the manual said to trade only long, is it correct???

First trade: +10 pip.... Good shot!

kostas1, kostas1, kostas1,.... always keep kostas1 on my mind while trading
always visualize how he would do while trading...

Sell @ M15.35/50 + H1.E10 with PA. -10 pip

Taken my SL for 2-3 pips and then went for my originally expected direction!

so hard to win.....
keep losing...


EDIT: 90% failure rate returned????????

End the day. (5hr)

10 trades: -60pip
7 loser 1 winner 2 BE

Could it be that you were not selective enough? Or most of your trades are just to "try out" that's why you have such high losing rate?

For me, I can see that this is a very good system. And I believe that experienced trader can get 50 even 100 pips per day.
But when I trade, I won some trades(totally 40-50 pips), and then lose one or two trades (~50 pips). it seems like it is very difficult to grow the account.
Regarding SL, I always try to adjust to suitable position (such as below RN or MAs). So I think I need more practise.

Where the heck did you find all these opportunities? The M15 35/50 were flat and only now are starting to show a trend. So you shouldn't have tried any trades.
My only trade today was called in the Interactive thread from the excellent confluence at GU (DP, H4 10, H1 35/50/62). I could NOT find any more opportunities. Relax and learn to pick your trades.......

Since few days I am following GOLD which truly obeys your system perfectly on M15..

GU and GY pairs MA hasn't been flat today. It has been treating me well today. I am still riding my 2nd trade on the bullish engulfing that happened on the H1 GU. It rejected 35/50 MA, RN and DP. Home runs like this are not common for me but when they happen it sure makes my day. Others than that I had a AUDUSD trade that fetch me 6 pips and a BE on the second. If I just patiently wait for steep and parallel MA which seems to happen at least almost every week for me I am at this point pretty confident I can end my month with a profit.

At the moment when I traded, I thought I have followed what I supposed to do for this system. But, very strange, when I looked back what I have done at the end of the day, I didn't think the trades I have made were good.