Attachments: CHOROS System

CHOROS System

#7,041
Jan 4, 2012 9:47am Jan 4, 2012 9:47am

londonhearts
| Joined Dec 2011 | Status: Trader | 23 Posts

Hi everyone,

Have been following this thread for a while and read through all the manuals. Decided to register and thought I'd start posting my trades using this strategy here so that I can learn from the gurus

Hopefully also become a more active contributor in future as I get more familiar with this strategy.

First trade is on AUDUSD. Sold at 1.0341 on bounce off M15 35/50 and H1 35SMA. Bought half at 1.0317 near H1 and Weekly R1 pivot, leaving half on given how weak EUR has looked against USD. Got stopped out of other half at 1.0325 after I moved stop to try and protect the trade. Turns out I was too hasty to close and price looks like it will continue south.

Was this a valid ping pong trade?

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#7,042
Jan 4, 2012 11:20am Jan 4, 2012 11:20am

Leone
| Joined May 2010 | Status: Trader | 25 Posts

Hi,
Here are my trades for today: 1 loser and 1 winner.

1)23M5 first touch, I took the trade after the M1 signal and it went in my favor for 5,5p and then reversed. I should have closed the trade after the first green bar (14:53GMT) but I hoped it would come back and go a little lower. I think this is a beginer's mistake (in trading hope is a very nasty thing).
2)10M15 first touch. I enterd after the engulfing bar in M5. I exited when price got in that important area and staled for 2 minutes. Probably I should have been a little more patient, but you never know when it reverses these times...

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#7,043
Jan 4, 2012 11:25pm Jan 4, 2012 11:25pm

Binyamin
Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts

Quoting londonhearts

Disliked

Hi everyone,

Have been following this thread for a while and read through all the manuals. Decided to register and thought I'd start posting my trades using this strategy here so that I can learn from the gurus Hopefully also become a more active contributor in future as I get more familiar with this strategy.

First trade is on AUDUSD. Sold at 1.0341 on bounce off M15 35/50 and H1 35SMA. Bought half at 1.0317 near H1 and Weekly R1 pivot, leaving half on given how weak EUR has looked against USD. Got stopped out of other half at 1.0325 after...

Ignored

I don't take that kind of setup. However I notice that you are trading against the bounce off the H4 10 and DP. I think it is not a good idea trading into such important levels.

Riding the order flow

#7,044
Jan 4, 2012 11:25pm Jan 4, 2012 11:25pm

Binyamin
Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts

Quoting Leone

Disliked

Hi,
Here are my trades for today: 1 loser and 1 winner.

1)23M5 first touch, I took the trade after the M1 signal and it went in my favor for 5,5p and then reversed. I should have closed the trade after the first green bar (14:53GMT) but I hoped it would come back and go a little lower. I think this is a beginer's mistake (in trading hope is a very nasty thing).
2)10M15 first touch. I enterd after the engulfing bar in M5. I exited when price got in that important area and staled for 2 minutes. Probably I should have been a little more patient, but...

Ignored

I like the trade, you were trading off the 1st touch of the 15M 10EMA.

Riding the order flow

#7,045
Edited Jan 5, 2012 12:11am Jan 4, 2012 11:45pm | Edited Jan 5, 2012 12:11am

Binyamin
Joined Jun 2011 | Status: Consistency With Discipline | 1,036 Posts

Quoting kk007

Disliked

No idea why these are good setups. They are nothing but just winners, not good setups at all (at least not for me, at least not basic/clear setup types). There are unlimited winners on the charts and one could have 100% a day if they were able to take them all, but good setups are much harder to find.

Not everyone on FF is as honest as you, please keep on speaking the truth.

Ignored

Dude, not many of us here that are consistently profitable weekly or monthly follow the original dance rules ANYMORE. We diverge into our own ways. I diverge because I find that strictly trading the original rules is not working out for me at all both demo and backtest. Even clay has diverge from the original rules quite a lot and not even trading it for goodness sake. You talk about "good setups". So i suppose your definition of "good setups" is trades that kk can grasp AND kk can identify from the rule book. Anything out is all non consistent methods.... Oh pls, such logic, someone just slap me here!

Just because you fail to understand people's way of trading and you are not consistent doesn't mean that other people's methods are not consistent. You been here for so long, I thought you should've known this by now.

Instead of making such dumb judgements you might have come better off asking and trying to understand why were they taking such and such trades in the 1st place.

Riding the order flow

#7,046
Jan 5, 2012 1:03am Jan 5, 2012 1:03am

kk007
Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts

Quoting Binyamin

Disliked

Dude, not many of us here that are consistently profitable weekly or monthly follow the original dance rules ANYMORE. We diverge into our own ways. I diverge because I find that strictly trading the original rules is not working out for me at all both demo and backtest. Even clay has diverge from the original rules quite a lot and not even trading it for goodness sake. You talk about "good setups". So i suppose your definition of "good setups" is trades that kk can grasp AND kk can identify from the rule book. Anything out is all non consistent...

Ignored

Have you missed the pharse "at least not for me,at least not the basic/clear setup types" in my post?

Is the original poster of the chats is new to the system or already struggled his specific way to trade the system?

Instead of making such dumb judgements you might have come better off trying to understand what have been said as a whole in the 1st place.

#7,047
Jan 5, 2012 3:44am Jan 5, 2012 3:44am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Hi everyone, I have been following the Choros system for quite a well, and I feel this is the most amazing system that I have every tried, so much that I have learned from everyone, I should really say thank you all.

Today I came across a potential GBPUSD trade(See the attachment), basically price fall sharply after attempts the upside of the channel, then take a 2 bar retracement to 15M 10EMA/1H 10EMA, with RN and 15M 35/50 in sight, I thought it would be a good touch trade. But I then realise that UK service PMI is due to be announced at 9:30, right before the actual touch. So I didn't enter.

Do you guys consider this trade to be too risky, or ok to take?

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#7,048
Jan 5, 2012 5:02am Jan 5, 2012 5:02am

kk007
Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts

I would think, if not the news, it is how one suppose to trade with the basic Choros.

Quoting Darkforce

Disliked

Hi everyone, I have been following the Choros system for quite a well, and I feel this is the most amazing system that I have every tried, so much that I have learned from everyone, I should really say thank you all.

Today I came across a potential GBPUSD trade(See the attachment), basically price fall sharply after attempts the upside of the channel, then take a 2 bar retracement to 15M 10EMA/1H 10EMA, with RN and 15M 35/50 in sight, I thought it would be a good touch trade. But I then realise that UK service PMI is due to be announced at 9:30,...

Ignored

#7,049
Edited 5:40am Jan 5, 2012 5:17am | Edited 5:40am

asos101
| Commercial User | Joined Oct 2010 | 505 Posts

Quoting Darkforce

Disliked

Hi everyone, I have been following the Choros system for quite a well, and I feel this is the most amazing system that I have every tried, so much that I have learned from everyone, I should really say thank you all.

Today I came across a potential GBPUSD trade(See the attachment), basically price fall sharply after attempts the upside of the channel, then take a 2 bar retracement to 15M 10EMA/1H 10EMA, with RN and 15M 35/50 in sight, I thought it would be a good touch trade. But I then realise that UK service PMI is due to be announced at 9:30,...

Ignored

it was a very good setup but the news accelerated things.
i was about to get in when price started jumping and i didnt enter as well.
it was a clear M15 10 in 2 bars, a 50% retrace of a clean down move and a reaction to the previous S/R area there.
very good and clear setup.

#7,050
Jan 5, 2012 6:02am Jan 5, 2012 6:02am

londonhearts
| Joined Dec 2011 | Status: Trader | 23 Posts

Quoting Binyamin

Disliked

I don't take that kind of setup. However I notice that you are trading against the bounce off the H4 10 and DP. I think it is not a good idea trading into such important levels.

Ignored

Thanks Binyamin I never even noticed that!

#7,051
Jan 5, 2012 7:14am Jan 5, 2012 7:14am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Thanks for the reply, maybe next time, I'd be a but more aggressive with it.

#7,052
Jan 5, 2012 10:02am Jan 5, 2012 10:02am

Tiwa
| Membership Revoked | Joined Nov 2011 | 361 Posts

i was unable to upload the chart safe on the trade taking using the dance can anyone help me out thanks in advance. thou iwent to the attachment browise click on upload but reply saying invalid file

#7,053
Edited Jan 6, 2012 2:32am Jan 5, 2012 10:17am | Edited Jan 6, 2012 2:32am

asos101
| Commercial User | Joined Oct 2010 | 505 Posts

Quoting Tiwa

Disliked

i was unable to upload the chart safe on the trade taking using the dance can anyone help me out thanks in advance. thou iwent to the attachment browise click on upload but reply saying invalid file

Ignored

there are some limitations to the file types or the size.
you can see them in the "attachments" window.
other than that you shouldnt have a problem.
have another go, if it fails then post what file type you try to upload and what is its size (right click it>properties).

#7,054
Jan 5, 2012 2:13pm Jan 5, 2012 2:13pm

Tiwa
| Membership Revoked | Joined Nov 2011 | 361 Posts

thanks for the explanation it was the screen short of the dance trade i took i was trying to share the screen short 163kb i treid again but showing invalid file

#7,055
Jan 6, 2012 12:40am Jan 6, 2012 12:40am

Darkforce
| Joined Feb 2011 | Status: Trader | 1,237 Posts

Quoting Tiwa

Disliked

thanks for the explanation it was the screen short of the dance trade i took i was trying to share the screen short 163kb i treid again but showing invalid file

Ignored

Try to convert it to PNG format before uploading.

You can use the excellent freeware XNView for the conversion.

http://download.xnview.com/XnView-win.exe

#7,056
Jan 6, 2012 1:36am Jan 6, 2012 1:36am

Tiwa
| Membership Revoked | Joined Nov 2011 | 361 Posts

thanks to all i will do that

#7,057
Jan 6, 2012 4:58am Jan 6, 2012 4:58am

gilben
| Commercial User | Joined Sep 2011 | 79 Posts

Quoting Darkforce

Disliked

Try to convert it to PNG format before uploading.

You can use the excellent freeware XNView for the conversion.

http://download.xnview.com/XnView-win.exe

Ignored

I would recommend using a sceenshot tool with simple editor like
http://getgreenshot.org/
You Capture, Add your notes and marks.. then its ready to publish!

But The simplest would be: CLICK right mouse button on the MT4 chart >> Save As Picture

#7,058
Edited 8:40am Jan 6, 2012 8:16am | Edited 8:40am

gilben
| Commercial User | Joined Sep 2011 | 79 Posts

I attach here a series of indis to suite the Dance Strategy.
The idea of the indicators is to show all HTF Equivalent MA on a current chart.

The indicator is based on Swingman's code "Dance Moving Averages_V2"
I only modified it to be fixed equivalence to any given chart TF:

The series contains 5 indicators, so you may choose which ones you wish to have on your chart: D1, H4, H1, M15, M5.
thay all contains the 3 MA of the Dance Method: 50/35/10
Only Exeption is for Period M5: 50/35/23/12

What it actually does?
It Shows HTF equivelent Dance MAs on current Chart.
It will hide lower TF MAs on your specific chart.
For instance: if you need H1 MA shown on your M15 TF chart, will show the equivalent Dance MAs of H1 on M15.
You may change the chart TF as you wish and still have the H1 equivalent MA values.
If you will change the chart TF to H4 or Higher, H1 MA will not show.

How I Use it:
I drop all 5 indis into one template, and have each TF a default color.

Reds = Daily
Purples = 4H
Greens = 1H
Blues = 15M
Oranges = 5M

So no matter which TF I use, I only have one Template that suits all.

Sample Template is also attached...

Enjoy.

Attached Image (click to enlarge)