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CHOROS System

  • #6,761
  • Oct 22, 2011 2:53pm Oct 22, 2011 2:53pm
Quoting Binyamin
What helped me was downing a shot of vinegar(sometimes 2) when I make trades I never planned for or risk more than I should(happens after some winning) or talk myself out of a trade I should have taken. It works like a charm. I rarely break my rules now.

Haha some of my colleagues thinks its weird to have a bottle of vinegar in the office especially when they found out I had a liquor shot glass in the drawer. They don't know what I am up to in between work (shhhhh).
I remember well reading about you drinking vinegar. I'm glad it worked for you! I'm not sure I could voluntarily drink vinegar, though.

But maybe...

Here's another idea: Anyone know of an MT4 script that can deliver a mild electric shock through the keyboard when trade entries don't match your rules?
Luck occurs when preparation meets with opportunity.
  • #6,762
  • Oct 22, 2011 3:53pm Oct 22, 2011 3:53pm
Quoting crazzzzzy
if you also dont mind sharing with us, how many figures is your account in? 4? 5? and where was it when you started it and how long did it take to go from 3 figures to 4 or 4 to 5 or wherever you are now? (just for the sake of motivation).
Please allow me to answer. Kostas shared this information, somewhat reluctantly, a few weeks ago. He did not want to make a big deal out of it, but he only did it for our benefit.

It's easy for you to find. Basically he has proven everything the Dance manual claims, and he has done it in about 15 months. Also, his first post in this thread is very inspiring and motivating, at least for me.
Luck occurs when preparation meets with opportunity.
  • #6,763
  • Oct 23, 2011 1:24am Oct 23, 2011 1:24am
However if you have been losing money, sweat not. Saviour Binyamin have invented a forex system that I guarantee will never lose you a cent or any money but with unlimited profit amount, as unlimited as the number of newbs trying out this business. Here is the prove.

http://www.forexfactory.com/showthre...43#post5056643
Riding the order flow
  • #6,764
  • Oct 23, 2011 7:43am Oct 23, 2011 7:43am
Quoting Binyamin
However if you have been losing money, sweat not. Saviour Binyamin have invented a forex system that I guarantee will never lose you a cent or any money but with unlimited profit amount...

http://www.forexfactory.com/showthre...43#post5056643
Let me guess... Does it involve drinking vinegar?
Luck occurs when preparation meets with opportunity.
  • #6,765
  • Oct 23, 2011 10:02am Oct 23, 2011 10:02am
Quoting Binyamin
However if you have been losing money, sweat not. Saviour Binyamin have invented a forex system that I guarantee will never lose you a cent or any money but with unlimited profit amount, as unlimited as the number of newbs trying out this business. Here is the prove.

http://www.forexfactory.com/showthre...43#post5056643
You have too much free time .
  • #6,766
  • Oct 23, 2011 1:55pm Oct 23, 2011 1:55pm
Quoting Binyamin
Before this I was trading mechanical strategies and have been doing it well for a while, so trying to learn discretion trading was tough because you can twist what you see to justify entering any trades unlike trading systems that have black and white rules. What helped me was downing a shot of vinegar(sometimes 2) when I make trades I never planned for or risk more than I should(happens after some winning) or talk myself out of a trade I should have taken. It works like a charm. I rarely break my rules now.

Haha some of my colleagues...
I think our friend Binyamin knows something we don't know:
http://www.associatedcontent.com/art...ht.html?cat=51
  • #6,767
  • Oct 24, 2011 2:52am Oct 24, 2011 2:52am
Was this good constrainment entry point?

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-24_154903_Constrainment.png Size: 59 KB
  • #6,768
  • Oct 24, 2011 5:11am Oct 24, 2011 5:11am
Quoting chinmay
Was this good constrainment entry point?

Attachment
I think the H1 chart looks like a great constrainment setup. (Most of Survivor's posted constrainment charts are H1). You are in a good uptrend, 35/50 are steep, you're clear of any RNs. It's a slight correction/exhaustion in the trend, which is usually a good sign for constrainment.

The only thing that would have worried me about entering is how price corrected, then resumed, but immediately corrected again. But if I had been awake I might have taken it on touch of H1 10 with a small SL.
Luck occurs when preparation meets with opportunity.
  • #6,769
  • Oct 24, 2011 8:58am Oct 24, 2011 8:58am
i think in the last few hours the GU gave 2 very good signals

1) for short at the touch of the M15 - MA50 in confluence with the H1 MA10
If you trace it like Eclayf recommended you yould probably get up to 50 pips.

2) on the base of H1 chart - H1 - EMA 35 in confluence with the daily MA 50 which could gave about 30 pips.

If somebody manage to take strong signals like those with no hesitation, i'll be glad to be his next student
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 130 KB
Better to lose opportunity, rather than capital !
  • #6,770
  • Oct 25, 2011 3:04am Oct 25, 2011 3:04am
I think I posted this before but I would like to remind newbies again:

It happens often when somebody reads a post about account size and performance using CHOROS. My PM gets crowded with messages asking for help and offering money for training or trading for others.
I do NOT need your money for helping and I am not interested to trade for you. All my help and ideas are included in this thread. Other experienced CHOROS traders can also help. Just post your questions/trades here to discuss. I don't have the time to help individually everybody, but if you have the patience & focus to read the whole thread you will see that every question has been answered many times and you will dramatically cut down your learning time. This is no magic or easy method. It teaches you how the market dances so that you can follow along if you learn to dance like that.
One more time: Do NOT send me offers for money to trade for you or train you. Everything is here for FREE....
  • #6,771
  • Oct 25, 2011 8:03am Oct 25, 2011 8:03am
In EURUSD H1 there was a touch trade which confluenced with DP, 35MA, PPA right at 35MA and H4 10EMA. Anyone took that trade? It was good for 15 pips.
Riding the order flow
  • #6,772
  • Oct 25, 2011 8:15am Oct 25, 2011 8:15am
Quoting Binyamin
In EURUSD H1 there was a touch trade which confluenced with DP, 35MA, PPA right at 35MA and H4 10EMA. Anyone took that trade? It was good for 15 pips.
It's so ironic. I took an earlier touch at M15 35/50, H1 10, at US open, in the opposite direction. Got stopped out 15 pips. Thank God it's not real money...
  • #6,773
  • Oct 25, 2011 8:23am Oct 25, 2011 8:23am
Quoting screenname
It's so ironic. I took an earlier touch at M15 35/50, H1 10, at US open, in the opposite direction. Got stopped out 15 pips. Thank God it's not real money...

I am half way through backtesting touch trades and I don't like the results if the touch off 35/50 is not accompanied either by DP, WP, MP or PPA....

If you took the touch off the 35/50 today at the US open, that trade didn't have any confluence besides H1 10EMA. I am beginning to conclude half way through testing that any touch trade that is not confluenced with pivot or PPA is inherently risky. IMHO. Try taking trades with more confluence.
Riding the order flow
  • #6,774
  • Oct 25, 2011 8:31am Oct 25, 2011 8:31am
Quoting Binyamin
I am half way through backtesting touch trades and I don't like the results if the touch off 35/50 is not accompanied either by DP, WP, MP or PPA....

If you took the touch off the 35/50 today at the US open, that trade didn't have any confluence besides H1 10EMA. I am beginning to conclude half way through testing that any touch trade that is not confluenced with pivot or PPA is inherently risky. IMHO. Try taking trades with more confluence.
Thanks. I'm half way through reading Clay's original dance thread.

BTW I remember Kostas or somebody else mentioned pivot points should be calculated with close price at NY close (1700 EST). If that's the case DP should be 1.3902 from my broker, which is the same as the number from here: http://www.actionforex.com/markets/p...2010040848154/

I haven't found an indicator which adjusts for this yet.
  • #6,775
  • Oct 25, 2011 8:39am Oct 25, 2011 8:39am
Your DP value: Same with mine.

This is the DP indicator I use given by asos101. You have to manually adjust the value so that it start calculating from NY close.
Attached File(s)
File Type: mq4 fxbc_S&R_pivots.mq4   17 KB | 331 downloads
Riding the order flow
  • #6,776
  • Oct 25, 2011 8:45am Oct 25, 2011 8:45am
Quoting Binyamin
Your DP value: Same with mine.

This is the DP indicator I use given by asos101. You have to manually adjust the value so that it start calculating from NY close.

I downloaded this indicator:

AutoPivotIndicator.mq4 ver 5 by Habeeb

It does not give the correct value, because it's based on my broker's time zone. Do you have an indicator?

Thanks,

n/m, you are fast. Thank you.
  • #6,777
  • Oct 25, 2011 10:04am Oct 25, 2011 10:04am
how do you calculate the WPP and MPP with this indicator? i can get only DPP and S/R 1,2 and 3 ...
Better to lose opportunity, rather than capital !
  • #6,778
  • Oct 25, 2011 10:11am Oct 25, 2011 10:11am
Quoting metrilbg
how do you calculate the WPP and MPP with this indicator? i can get only DPP and S/R 1,2 and 3 ...
+1
me too have the same Question ..
  • #6,779
  • Oct 25, 2011 10:39am Oct 25, 2011 10:39am
Quoting metrilbg
how do you calculate the WPP and MPP with this indicator? i can get only DPP and S/R 1,2 and 3 ...
You just can't do it, because only Binyamin can provide that magic indicator. (just kidding)

Do double check the values calculated with this http://www.actionforex.com/markets/p...2010040848154/

Because some brokers like Oanda MT4 have data that is really out which causes wrong calculated pivot values.
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 315 downloads
Riding the order flow
  • #6,780
  • Oct 25, 2011 10:41am Oct 25, 2011 10:41am
Quoting metrilbg
how do you calculate the WPP and MPP with this indicator? i can get only DPP and S/R 1,2 and 3 ...
They are not calculated with this indicator.
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