CHOROS Interactive | Page 82 | 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

  • #1,621
  • Sep 29, 2011 12:01pm Sep 29, 2011 12:01pm
Hi guys... glad to see the CHOROS arc alive...
Wanted to stand by and ask participants about choros success rate in long term...
And do you guys using THE DANCE acsioms unchanged or did you upgrade something?

PS: as for me, i stumbled the CHOROS thread several monthes ago... then read THE DANCE manual... read it several times and really liked it - PA & S&R - thats sounds legitimate!
But when it came to real deal - it failed for me miserably... the price just reversed most of time and eated my tiny 10-15 pips stops... w/o reaching TPs... so it was graduallly rejected by my nerve defence mechanizm

PPS: So i'm just interesting, does this sistem really profitable in the LONG RUN? Maybe there was just a bad week, or i'm just not suit for it...
  • #1,622
  • Sep 29, 2011 12:26pm Sep 29, 2011 12:26pm
Quoting Niktesla
Hi guys... glad to see the CHOROS arc alive...
Wanted to stand by and ask participants about choros success rate in long term...
And do you guys using THE DANCE acsioms unchanged or did you upgrade something?

PS: as for me, i stumbled the CHOROS thread several monthes ago... then read THE DANCE manual... read it several times and really liked it - PA & S&R - thats sounds legitimate!
But when it came to real deal - it failed for me miserably... the price just reversed most of time and eated my tiny 10-15 pips stops... w/o reaching TPs... so it...
Probably should be in the main CHOROS thread, but, for mine, yes it works for some, but it doesn't for others.

Simply put, as Clay emphasized over and over, it is a strategy, not a system. So that means that it gives you a framework to work with, but you need to develop the skills to trade on that framework.

Some can (Kostas is amazingly successful), some can't, and it depends on your personality.

This is why there are so many indicators, methods, systems, etc in trading..... They are all just different ways of looking at the same thing, but they are needed because of the infinite variation in personalities trading and not everyone sees things the same way.

Trading is journey to find what you can work with. There is no holy grail that fits all.
  • #1,623
  • Edited 1:57pm Sep 29, 2011 1:06pm | Edited 1:57pm
Just entered Aussie on retrace to RN, first position +15 done, second trailing (SBE+1)

PS Out Pos 2 @ SBE+1. A better entry and I'd still be in it.
  • #1,624
  • Sep 30, 2011 1:10am Sep 30, 2011 1:10am
GM everyone,

Sorry a bit late post, but took just this trade. Both 35sma and 50ema were close to each other and declining and it was a nice touch to 35. Only one thing what was not by the rules - time (a bit too early, Frankfurt just opened and London is still closed). Moved stopp loss to BE+1 and will watch how it develops. Seems that price has an intention to break both yesterdays and todays lows.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.09.jpg Size: 404 KB
  • #1,625
  • Sep 30, 2011 1:19am Sep 30, 2011 1:19am
EU: H1.35/50 + H4.E10
  • #1,626
  • Sep 30, 2011 1:20am Sep 30, 2011 1:20am
Quoting Payles
GM everyone,

Sorry a bit late post, but took just this trade. Both 35sma and 50ema were close to each other and declining and it was a nice touch to 35. Only one thing what was not by the rules - time (a bit too early, Frankfurt just opened and London is still closed). Moved stopp loss to BE+1 and will watch how it develops. Seems that price has an intention to break both yesterdays and todays lows.
Yes, triple top on H1 chart
  • #1,627
  • Sep 30, 2011 1:27am Sep 30, 2011 1:27am
Quoting kk007
Yes, triple top on H1 chart
Yes, you can also call it head and shoulders pattern on H1. It was a break of the neckline and retest, let's see how it develops.
  • #1,628
  • Sep 30, 2011 1:37am Sep 30, 2011 1:37am
Is it a good idea to consider trading the GU M15.E10?
  • #1,629
  • Sep 30, 2011 1:44am Sep 30, 2011 1:44am
Quoting kk007
Is it a good idea to consider trading the GU M15.E10?
So fast, worth +20pip, haven't taken it.
  • #1,630
  • Sep 30, 2011 1:46am Sep 30, 2011 1:46am
Quoting Payles
Yes, you can also call it head and shoulders pattern on H1. It was a break of the neckline and retest, let's see how it develops.
Broken yesterday's low... a lot $$$$$$$$$$?
  • #1,631
  • Sep 30, 2011 1:51am Sep 30, 2011 1:51am
GU: Consider ping-pong the H4.S35 @ 1.5550?
  • #1,632
  • Sep 30, 2011 1:59am Sep 30, 2011 1:59am
Trade is developing just fine, have locked in 16 pips and still hoping to get more.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30.09 2.jpg Size: 419 KB
Click to Enlarge Name: 30.09 2 MT4.jpg Size: 508 KB
  • #1,633
  • Sep 30, 2011 2:16am Sep 30, 2011 2:16am
Quoting kk007
GU: Consider ping-pong the H4.S35 @ 1.5550?
-10pip
  • #1,634
  • Sep 30, 2011 2:16am Sep 30, 2011 2:16am
Now my SL is RN +11 pips (1.5561) and waiting how it is developing. GU has just touched H4 35 sma and monthly S3 is very close. My take profit in EU is 1.3480, small base on H4 chart.
  • #1,635
  • Sep 30, 2011 2:33am Sep 30, 2011 2:33am
Quoting Payles
Now my SL is RN +11 pips (1.5561) and waiting how it is developing. GU has just touched H4 35 sma and monthly S3 is very close. My take profit in EU is 1.3480, small base on H4 chart.
Trade over, exit with SL at 1.3511, +48 pips
  • #1,636
  • Sep 30, 2011 2:36am Sep 30, 2011 2:36am
Quoting kk007
-10pip
Got back +15 pip for the same setup. My max TP is 15pip at the moment.
Lesson: shouldn't enter so quick after strong momentum.
  • #1,637
  • Sep 30, 2011 4:06am Sep 30, 2011 4:06am
Quoting Payles
Trade is developing just fine, have locked in 16 pips and still hoping to get more.
Nice trade and good patience in letting it develop. I only took +19p for the reasons you mentioned (before London open mainly). It was also confluenced with WP and H1 10 to the pip!!
  • #1,638
  • Sep 30, 2011 4:12am Sep 30, 2011 4:12am
Now there was another entry in EU, touch of 35sma M15 and 10ema H1, GU also supported with touch of 50ema on H1. However, EU was weaker than GU, so I took the first.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.09 3 MT4.jpg Size: 503 KB
  • #1,639
  • Sep 30, 2011 5:03am Sep 30, 2011 5:03am
Quoting Payles
Now there was another entry in EU, touch of 35sma M15 and 10ema H1, GU also supported with touch of 50ema on H1. However, EU was weaker than GU, so I took the first.
Now price really hesitates and EJ and GU do not support this short trade in EU. Have lowered my SL 1.3527, 15 pips locked in.
  • #1,640
  • Oct 3, 2011 1:22am Oct 3, 2011 1:22am
London is still closed but in GU the H1 10 is confluenced with M15 35/50 and RN. I may try a short there.
2 traders viewing now