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CHOROS System

  • #6,721
  • Oct 20, 2011 11:18am Oct 20, 2011 11:18am
Quoting kostas1
Not really, actually it means you made the method your own and developed your own technique dancing with the market......
Keep posting
ok my friend, i have promised you i will research this and discuss here my findings.
i am guilty though for starting to talk without having dig deep into this first, and i knew i didnt have the time to do it properly.
untill then i will try to be more discreet.
  • #6,722
  • Edited 11:44am Oct 20, 2011 11:28am | Edited 11:44am
Quoting asos101
ok my friend, i have promised you i will research this and discuss here my findings.
i am guilty though for starting to talk without having dig deep into this first, and i knew i didnt have the time to do it properly.
untill then i will try to be more discreet.
No, no don't stop pls keep sharing, there are noobs like me that are just hungry and would really appreciate it, same goes to everyone that wants to share. My inability to trade touch stems from my inadequate knowledge about the market.

Yes I have read your explanation and it is in sync with the pin bar that formed in the 4H, market went north right after. I got real lucky on that 35/50 trade, I won't trade short term against my longer term trades again.

Edit: I just remember why I don't trade touches. It keeps my focus off my work.
Riding the order flow
  • #6,723
  • Oct 20, 2011 11:41am Oct 20, 2011 11:41am
Ok I learn something new again from this thread. Market that touch pivot zones tend to bounce far enough in the opposite direction to be tradeable. Will be researching and demoing it.
Riding the order flow
  • #6,724
  • Oct 20, 2011 11:52am Oct 20, 2011 11:52am
Kostas is the most successful trader on the forum ... period ... except perhaps ronald raygun but if u consider dd Kostas is far far more successful than him. Taking just 400 euro to over 300k in around 1.5 years while working full time with a small drawdown (I think it was 16%) is an astounding feat ... its unheard of ...... one has to be talented to achieve such stellar performance. Kostas really deserves a big congratulations!! for his achievement and for showing us all what is possible. so big thank you to you Kostas (btw for those who dont know its Dr. kostas)
  • #6,725
  • Oct 20, 2011 12:20pm Oct 20, 2011 12:20pm
Quoting Binyamin
Hi Haydel, You said the 35/50 touch trade for EU today had no S/D that is why it didn't give any pips. However I see a S/D zone in the 15M that was more or less in between 35/50. Why do you not consider it a S/D?
Hi Binyamin, talking about Previous Price Action (PPA) levels, it is true that sometimes I use M15 hi or low swings, but only to set Take Profit (TP) levels, but for Entries I use only H4 or D1 swings because those are much stronger levels giving higher probability to profit.
  • #6,726
  • Oct 20, 2011 1:58pm Oct 20, 2011 1:58pm
Quoting fugly
Taking just 400 euro to over 300k in around 1.5 years while working full time with a small drawdown (I think it was 16%) is an astounding feat ... its unheard of ...... one has to be talented to achieve such stellar performance.
Since you brought that up, time to reveal the next step in my career: Starting January 2012 I will be full time trading. I have already started the process of training somebody for taking my position. It doesn't make sense anymore to try both work and trading (not easy at all), since I can make my current monthly salary in 1-2 days of trading......
  • #6,727
  • Oct 20, 2011 2:13pm Oct 20, 2011 2:13pm
Quoting kostas1
Since you brought that up, time to reveal the next step in my career. Starting January 2012 I will be full time trading. I have already started the process of training somebody for taking my position.
Congratulations on taking that big step . I hope you the best for your decision and your plans.

Quoting kostas1
It doesn't make sense anymore to try both work and trading (not easy at all), since I can make my current monthly salary in 1-2 days of trading......
...wow...
  • #6,728
  • Oct 20, 2011 2:40pm Oct 20, 2011 2:40pm
Quoting fugly
Kostas is the most successful trader on the forum ... period ... except perhaps ronald raygun but if u consider dd Kostas is far far more successful than him. Taking just 400 euro to over 300k in around 1.5 years while working full time with a small drawdown (I think it was 16%) is an astounding feat ... its unheard of ...... one has to be talented to achieve such stellar performance. Kostas really deserves a big congratulations!! for his achievement and for showing us all what is possible. so big thank you to you Kostas (btw for those...
Hello, sorry for little offtopic, just my curiosity... That figure is really genuine ? It sounds nearly impossible..
  • #6,729
  • Oct 20, 2011 3:38pm Oct 20, 2011 3:38pm
Quoting FXMartin
Hello, sorry for little offtopic, just my curiosity... That figure is really genuine ? It sounds nearly impossible..
Usually I'm very skeptical as I've been around long enough but in this case I believe Kostas completely.
  • #6,730
  • Edited 7:01pm Oct 20, 2011 4:12pm | Edited 7:01pm
Quoting FXMartin
Hello, sorry for little offtopic, just my curiosity... That figure is really genuine ? It sounds nearly impossible..
Take a look at this poll http://www.forexfactory.com/showthread.php?t=260052.

The most relevant opinions are from people that have seriously studied the system; to date 23 persons voted that they have.

From those 23 persons, 22 (Including myself) think that it’s completely possible.

That means that 95% of the people that seriously studied the system stood focused and didn’t give up, and now we are not only 'thinking' that is possible but 'confirming by ourselves' that it is absolutely possible.
  • #6,731
  • Oct 20, 2011 9:11pm Oct 20, 2011 9:11pm
Quoting Haydel
Take a look at this poll http://www.forexfactory.com/showthread.php?t=260052.

The most relevant opinions are from people that have seriously studied the system; to date 23 persons voted that they have.

From those 23 persons, 22 (Including myself) think that it’s completely possible.

That means that 95% of the people that seriously studied the system stood focused and didn’t give up, and now we are not only 'thinking' that is possible but 'confirming by ourselves' that it is absolutely possible.
Kostas's accomplishment is amazing. Are there any other dancers who also have impressive results, say 10% -- 15% per month with a relatively large capital base?
  • #6,732
  • Oct 20, 2011 11:48pm Oct 20, 2011 11:48pm
Quoting Haydel
Take a look at this poll http://www.forexfactory.com/showthread.php?t=260052.

The most relevant opinions are from people that have seriously studied the system; to date 23 persons voted that they have.

From those 23 persons, 22 (Including myself) think that it’s completely possible.

That means that 95% of the people that seriously studied the system stood focused and didn’t give up, and now we are not only 'thinking' that is possible but 'confirming by ourselves' that it is absolutely possible.
Thks for opinions. I read thread and it seems so. I personally know about 10 people who lost fortunes in this market. This could be just opposite case
Really inspiring. What is really amazing is Kostas consistency and risk control ( worst drawdown only 16%).
  • #6,733
  • Oct 21, 2011 12:54am Oct 21, 2011 12:54am
Quoting FXMartin
Thks for opinions. I read thread and it seems so. I personally know about 10 people who lost fortunes in this market. This could be just opposite case
Really inspiring. What is really amazing is Kostas consistency and risk control ( worst drawdown only 16%).
risking money you cannot afford to lose is always a bad idea, let alone losing a fortune.
in forex you can start really small, with a micro account of say 100$ risking 1-2% per trade. if you become consistently profitable you cant turn that into millions by compounding.
trading should not have the thrill of the casino. yes its gambling in a way as we speculate but you dont enter at random.
your entries must be the result of a well-thought analysis and have any emotion taken out because exactly they are your best guess.
and you dont need lots of pips either, say 10-20 pips/day will eventually get you "there".
  • #6,734
  • Oct 21, 2011 1:12am Oct 21, 2011 1:12am
Quoting kostas1
Since you brought that up, time to reveal the next step in my career: Starting January 2012 I will be full time trading. I have already started the process of training somebody for taking my position. It doesn't make sense anymore to try both work and trading (not easy at all), since I can make my current monthly salary in 1-2 days of trading......
  • #6,735
  • Oct 21, 2011 1:23am Oct 21, 2011 1:23am
Quoting asos101
risking money you cannot afford to lose is always a bad idea, let alone losing a fortune.
in forex you can start really small, with a micro account of say 100$ risking 1-2% per trade. if you become consistently profitable you cant turn that into millions by compounding.
trading should not have the thrill of the casino. yes its gambling in a way as we speculate but you dont enter at random.
your entries must be the result of a well-thought analysis and have any emotion taken out because exactly they are your best guess.
and you dont need lots of...
I underscore what asos is saying:
1. " if you become consistently profitable you cant turn that into millions by compounding". It's amazing how powerful this is. As an experiment I have created a new high risk account with 3K. In this one, I used 5% risk/profit with 30 pips. After 3 months the account is more than 30K.....
2. "you don't need lots of pips either, say 10-20 pips/day will eventually get you there." With good money-management if you are consistent in winning a certain amount of pips, all you need is to adjust your lot size to earn your desired income with these pips. In my case, I am consistent in earning 30-40pips/day using CHOROS. With less pips I feel too exposed to losses; when I tried for more pips I couldn't do it consistently...
  • #6,736
  • Oct 21, 2011 1:59am Oct 21, 2011 1:59am
I believe Kostas partly because there are a few characters in the market wizard books that has achieved the same feat and their style sounds as short term as Choros... I think one of them talked about issues of liquidity that was limiting the size of his fund he trades for clients.
Riding the order flow
  • #6,737
  • Oct 21, 2011 2:14am Oct 21, 2011 2:14am
to you Kostas.

Hope you don't stop spreading your knowledge and learnings for fellow traders like us.
I am sure you are idol for lot of us here. Dreaming to achieve what you have achieved.

For me I admire you most for not you managed to convert hundreds to hundreds of thousand but because of your self-discipline that you have achieved. I dream of that more that just $$$



Quoting kostas1
Since you brought that up, time to reveal the next step in my career: Starting January 2012 I will be full time trading. I have already started the process of training somebody for taking my position. It doesn't make sense anymore to try both work and trading (not easy at all), since I can make my current monthly salary in 1-2 days of trading......
  • #6,738
  • Oct 21, 2011 3:23am Oct 21, 2011 3:23am
I got +20 pip 1:1 (1st trade today) short at red arrow on the chart, originally based on non-choros method (flag pattern).
But in hindsight I wonder, if this is a good M5.E10 constrainment trade?

http://www.forexfactory.com/attachme...1&d=1319184780

P.S. Let me side-track a bit for sharing, I have backtested a number of non-choros methods for a long time before I know choros. During backtested, the success rate is 90%, but during execution the failure rate is 90%
  • #6,739
  • Oct 21, 2011 3:27am Oct 21, 2011 3:27am
Quick question to thread veterans.

1) Is that chat still on?
2) Is the DanceTOC.doc file still getting updated?
3) Can someone explain meaning of following excerpt from manual, with an example?
"Some say you should take a Doji entry at the top without question, but wait for confirmation of the second bar closing at the bottom. This strategy agrees with that statement. Wait on bottom Doji bars for confirmation bars."
4) What type of dance trades are taken with Double Top/Bottom Signals? They can't be touch trades by definition. So that means only Constrainment trades. But constraintment trades by definition also means no double tops/bottoms per se. So am I right to assume that these dbl tops/bottom signals are only to find previous S/R?

  • #6,740
  • Oct 21, 2011 3:36am Oct 21, 2011 3:36am
Quoting kostas1
I underscore what asos is saying:
1. " if you become consistently profitable you cant turn that into millions by compounding". It's amazing how powerful this is. As an experiment I have created a new high risk account with 3K. In this one, I used 5% risk/profit with 30 pips. After 3 months the account is more than 30K.....
2. "you don't need lots of pips either, say 10-20 pips/day will eventually get you there." With good money-management if you are consistent in winning a certain amount of pips, all...
buddy can you post ur chart for yesterday's trades to see how u took entries and exits? Yesterday was pretty tough for me whipsawing like crazy ....
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