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CHOROS Interactive

  • #1,821
  • Oct 19, 2011 1:17am Oct 19, 2011 1:17am
Quoting kostas1
This trend looks a little funny to me, but the H1 10 and the M15 35/50 should provide a good 15-20p bounce.

yes, it is funny because of the time it developed. it was late in the evening after the London close.

sorry i will speak in non-Choros terms
the price yesterday reacted 3 times off a supply area around what is today's DS1, that was a H4 demand area. also reacted 3 times at the M15 supply slightly above the WP at around 1.3726. the 3rd time the M15 supply was depleted and there was a violent move for 90 pips that ended at around RN 1.38.

but this was a clear indication that the H4 demand was now in play and the next target is around 1.3890 very close to RN and DS2.

actualy i caught most of that violent move yesterday with a demo trade, as i wasnt in front of the pc but wanted to track how it went.
you can see below. and the levels in H4 (ignore the fibs, just the blue areas).
by the way i'm not a heretic, i'm just trying to combine Choros with S/D with very impressive results so far.
Attached Image (click to enlarge)
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  • #1,822
  • Oct 19, 2011 1:40am Oct 19, 2011 1:40am
Quoting asos101
by the way i'm not a heretic, i'm just trying to combine Choros with S/D with very impressive results so far.
Choros is NOT a religion, so you can't be a heretic.
We are open to any improvements and observing S/D can provide additional confluence for profitable trades. If you feel like it, we can discuss this on the regular Choros thread.
  • #1,823
  • Oct 19, 2011 1:45am Oct 19, 2011 1:45am
Quoting johnjwong
Kostas1, can I ask a question?

There seemed to be a possible 2 bar first touch on 15M 10 coming soon, should we wait till price breaks the Daily R1? or would the Daily R1 be considered weak as the spike was based on news (yesterday's speach at boston)?
This is not a good time to trade this since London is closed and Frankfurt is famous for fake moves.
  • #1,824
  • Oct 19, 2011 3:17am Oct 19, 2011 3:17am
WPP+MPP + M15.35/50???
Attached Image
  • #1,825
  • Oct 19, 2011 3:42am Oct 19, 2011 3:42am
Quoting kk007
WPP+MPP + M15.35/50???
Didn't take this one. Looking at 1.5700, with a clear H1 S/R there, depending on M5 PA when arriving there.
  • #1,826
  • Oct 19, 2011 4:04am Oct 19, 2011 4:04am
Quoting kk007
WPP+MPP + M15.35/50???
+26pip

Was thinking to give up this setup. BUT the pinbar is so sexy. Couldn't resist.

Got two 1:1 winner today, off for some time now.
Attached Image
  • #1,827
  • Oct 19, 2011 4:15am Oct 19, 2011 4:15am
Quoting kk007
+26pip

Was thinking to give up this setup. BUT the pinbar is so sexy. Couldn't resist.

Got two 1:1 winner today, off for some time now.
Good play kk, i took the same, and the price is gone like a rocket!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #1,828
  • Oct 19, 2011 4:17am Oct 19, 2011 4:17am
Quoting kk007
+26pip

Was thinking to give up this setup. BUT the pinbar is so sexy. Couldn't resist.

Got two 1:1 winner today, off for some time now.

Sexy she is.
Riding the order flow
  • #1,829
  • Oct 19, 2011 4:20am Oct 19, 2011 4:20am
Quoting boubafx
Good play kk, i took the same, and the price is gone like a rocket!!!
I like the way Miss Pinbar pierced against all the lines marked there.

Btw, how many pips have you taken? I took 26 because I want to take the 1:1 target (risked 26).
  • #1,830
  • Oct 19, 2011 4:28am Oct 19, 2011 4:28am
Quoting kk007
I like the way Miss Pinbar pierced against all the lines marked there.

Btw, how many pips have you taken? I took 26 because I want to take the 1:1 target (risked 26).
R:R 1:1 13 pips.

Enter a little before close of the PB
I hear and I forget. I see and I remember. I do and I understand.
  • #1,831
  • Oct 19, 2011 4:30am Oct 19, 2011 4:30am
to KK007 and Boubafx.

Was it an entry by Dance rule?
  • #1,832
  • Oct 19, 2011 4:32am Oct 19, 2011 4:32am
Quoting chinmay
to KK007 and Boubafx.

Was it an entry by Dance rule?
No
I hear and I forget. I see and I remember. I do and I understand.
  • #1,833
  • Oct 19, 2011 4:34am Oct 19, 2011 4:34am
Quoting chinmay
to KK007 and Boubafx.

Was it an entry by Dance rule?
Yes
  • #1,834
  • Oct 19, 2011 4:38am Oct 19, 2011 4:38am
Thanks. Then I have no regrets missing that one Not that I would have had much regrets otherwise either.

I should perhaps say, I am glad I could point out successful trades that are not following the Dance rules. Just want to get the Dance hardwired in the brain first.

Part of the reason why I chose to go through entire original Dance trade first before going through this thread

In anycase, glad you guys caught that move. Helps me believe that it's not random gambling that FX trading seemed to be to me initially.

cheers

Quoting boubafx
No
  • #1,835
  • Oct 19, 2011 4:39am Oct 19, 2011 4:39am
Oh boy, may be I should stick to old threads first
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  • #1,836
  • Oct 19, 2011 4:47am Oct 19, 2011 4:47am
Quoting chinmay
Oh boy, may be I should stick to old threads first
Attachment
I didn't had analysed this trade as Choros, maybe kk had seen it differently.

How i have analysed. Many confluence

see the chart (it's not Choros explanation)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 89 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #1,837
  • Oct 19, 2011 4:48am Oct 19, 2011 4:48am
Quoting chinmay
Oh boy, may be I should stick to old threads first
Attachment
Let me get this straight. The original manual did list out a set of rules but latter it said make it your own. So arguably any form of trading now whether its counting waves, candle sticks or astrology is by the rules. And if you haven't noticed the guys reporting in their winnings are not trading strictly according to the manual rules.
Riding the order flow
  • #1,838
  • Oct 19, 2011 4:52am Oct 19, 2011 4:52am
My apologies if my post came up as mockery. All I meant was may be I am jumping on the "posting" train to early. My main aim over next few days is to understand "core" dance trading philosophy. In no way, I want to instigate an argument between two Dance "followers" (for want of better word).

Quoting Binyamin
Let me get this straight. The original manual did list out a set of rules but latter it said make it your own. So arguably any form of trading now whether its counting waves, candle sticks or astrology is by the rules. And if you haven't noticed the guys reporting in their winnings are not trading strictly according to the manual rules.
  • #1,839
  • Oct 19, 2011 4:55am Oct 19, 2011 4:55am
And having said what due in above post, I would like to see explanation from KK007 for his entry rationale too. More I ask, more I will learn..
  • #1,840
  • Oct 19, 2011 5:24am Oct 19, 2011 5:24am
Quoting chinmay
My apologies if my post came up as mockery. All I meant was may be I am jumping on the "posting" train to early. My main aim over next few days is to understand "core" dance trading philosophy. In no way, I want to instigate an argument between two Dance "followers" (for want of better word).
When i first got started I asked the same question too. No need for apologies here and I din mean to sound harsh at all.

EDIT: That pin you folks took is the kind of trades I look out for. Lotsa confluence.
Riding the order flow
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