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CHOROS System

  • #7,801
  • Edited 5:35am Aug 9, 2012 4:30am | Edited 5:35am
Hello Folks.

I think this will be my trade for the day. I will attach the exit moments later. The only bad thing is that i forgot to rise the lot's and i'm with just a 1/4 of the normal size... But the good trade is a good trade, no matter the return right

Entry point: Confluence of H1 35/50 + H4 10 + DP near by + Oanda open order cluster of Longs in the area. The M5 and M1 also confirmed the signal. Fibonacci retracement also made my decision lighter.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.08.2012 entry.JPG Size: 123 KB


Edit 1: Exited Half at +12 pips. Letting the otter half to run towards 1.5675 let's see what will happen as the price is stalling for 6-7 minutes now at the 15M 10 EMA...

Edit 2: The exit moment of the other half + 6 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.08.2012 exit.JPG Size: 119 KB
  • #7,802
  • Aug 9, 2012 5:45am Aug 9, 2012 5:45am
Hello Kostas,

is it possible to repost the second part of the simple dance?
The PDF in the original post seems to be broken.

Kind regards,
Hans
  • #7,803
  • Edited 6:38am Aug 9, 2012 5:51am | Edited 6:38am
Quoting bscholes
Hello Kostas,

is it possible to repost the second part of the simple dance?
The PDF in the original post seems to be broken.

Kind regards,
Hans
http://www.forexfactory.com/showthre...75#post5850375
Please refer to this post, messiahua has reposted upon an earlier request.
  • #7,804
  • Aug 9, 2012 10:48pm Aug 9, 2012 10:48pm
Hi, all my dancing friends, long time no see, how are you guys doing here?

I miss you guys !
Dancing with Candlesticks
  • #7,805
  • Aug 9, 2012 11:50pm Aug 9, 2012 11:50pm
Quoting Darkforce
http://www.forexfactory.com/showthre...75#post5850375
Please refer to this post, messiahua has reposted upon an earlier request.
Hi, the rar file in the mentioned post is broken too....
How else can I get the second PDF?
  • #7,806
  • Aug 10, 2012 1:25am Aug 10, 2012 1:25am
Quoting bscholes
Hi, the rar file in the mentioned post is broken too....
How else can I get the second PDF?
Can you be more specific about what is the second PDF? If it is not "The Simple Dance.pdf"
  • #7,807
  • Aug 10, 2012 1:42am Aug 10, 2012 1:42am
hello Kostas,

i meant to ask you for a while now - how many trades do you do these days on average per day? how did you risk/reward changes since targetting 15 pips per day?

so great to see many of dancers are doing well with this method.

all the best,

tonny
  • #7,808
  • Aug 10, 2012 2:44am Aug 10, 2012 2:44am
Quoting tonny47
hello Kostas,

i meant to ask you for a while now - how many trades do you do these days on average per day? how did you risk/reward changes since targetting 15 pips per day?

so great to see many of dancers are doing well with this method.

all the best,

tonny
I don't keep these statistics, because it depends on the TF. On the M5 I need usually 2-3 trades, on higher TFs usually 1 trade is enough for 15-25 pips.
  • #7,809
  • Aug 10, 2012 4:43am Aug 10, 2012 4:43am
Having a blast with EU H1 constrainment today. Look how the H1 10 constrains the price down!!
In general, I have probably less than 15 constrainment trades in my belt (out of 1000s of trades), but it seems that slow days often produce good constrainments.
  • #7,810
  • Aug 10, 2012 6:23am Aug 10, 2012 6:23am
I think EU will drop like a rock, still looks very bearish. Maybe NY open will give some movement.
  • #7,811
  • Aug 10, 2012 6:31am Aug 10, 2012 6:31am
Quoting kostas1
Got a surprise present from our friend. Santa Clay has sent me the latest version of the Dance manual. He also mentioned that this will be the last update of the manual. It is split in two parts so that can be posted here.
I mean from this original post. Would be great to have the working PDFs in the first post of the thread.

Also clay mentioned a new set of scripts in the manual but I don't know where to get them.
  • #7,812
  • Aug 10, 2012 8:30am Aug 10, 2012 8:30am
Quoting bscholes
I mean from this original post. Would be great to have the working PDFs in the first post of the thread.

Also clay mentioned a new set of scripts in the manual but I don't know where to get them.
I got you, it's a bit confusing that there are two "The Simple Dance"

First is for m15 charts, that is the one in the first post of the thread and the re-post by Messiahua.

Second is for m1 charts, that is the one divided into two parts, which is also the latest one.

I tested all the links and they work for me just fine. But I will just re-post both here in one place.

Check it out and see if it is what you want.

Can't help you with the scripts though, sorry. Maybe someone can shed some lights for us?
Attached File(s)
File Type: rar The Simple Dance M1.rar   2.7 MB | 8,444 downloads
File Type: rar The Simple Dance M15.rar   2.9 MB | 11,333 downloads
  • #7,813
  • Aug 10, 2012 8:36am Aug 10, 2012 8:36am
Quoting Darkforce
I got you, it's a bit confusing that there are two "The Simple Dance"

First is for m15 charts, that is the one in the first post of the thread and the re-post by Messiahua.

Second is for m1 charts, that is the one divided into two parts, which is also the latest one.

I tested all the links and they work for me just fine. But I will just re-post both here in one place.

Check it out and see if it is what you want.

Can't help you with the scripts though, sorry.

Thanks. I edited the first post with a link to your post....

P.S. The EU H1 constrainment is still going
  • #7,814
  • Aug 10, 2012 3:59pm Aug 10, 2012 3:59pm
Done some 'investigation' and come up with fresh ideas, don't know is this something new or not but I would like to share. So, let's say we have a H1 chart and at the top of the run we see a strong looking Pin bar, often price will go directly to the H1 10 EMA and ignore the M15 10 EMA. The same perspective is for H4 chart, say we have a Doji at the top of the run and price will go direcly to check the H4 10 EMA and ignore the other MA's on lower TF. To conclude, it doesn't matter what the TF is, if there is strong P/A indicating a reversal, price will check the 10 EMA and if you are trading against that flow on lower TF you might get burned.
  • #7,815
  • Aug 10, 2012 4:08pm Aug 10, 2012 4:08pm
Quoting 2121
Done some 'investigation' and come up with fresh ideas, don't know is this something new or not but I would like to share. So, let's say we have a H1 chart and at the top of the run we see a strong looking Pin bar, often price will go directly to the H1 10 EMA and ignore the M15 10 EMA. The same perspective is for H4 chart, say we have a Doji at the top of the run and price will go direcly to check the H4 10 EMA and ignore the other MA's on lower TF. To conclude, it doesn't matter what the TF is, if there is strong P/A indicating a reversal, price...
Sounds reasonable. However if you see convincing PA, for example in m5 indicating rejection of the m15 10 MA then that's usually a good bet.
Swedish steel!
  • #7,816
  • Edited 5:25am Aug 11, 2012 3:08am | Edited 5:25am
Quoting 2121
Done some 'investigation' and come up with fresh ideas, don't know is this something new or not but I would like to share. So, let's say we have a H1 chart and at the top of the run we see a strong looking Pin bar, often price will go directly to the H1 10 EMA and ignore the M15 10 EMA. The same perspective is for H4 chart, say we have a Doji at the top of the run and price will go direcly to check the H4 10 EMA and ignore the other MA's on lower TF. To conclude, it doesn't matter what the TF is, if there is strong P/A indicating a reversal, price...
My experience is that it depends on at what time of day the HTF PA happens, if it is between London/NY, then it is very dangerous, because in this case the reversal/indecision PA normally indicates that market will try to find directional clue in the next session, and that will lead to large price movements. If it is between Asian/London or NY/Asian, then even if HTF PA happened, M15+LTF PA can still be a good bet.

But this also means that we can just take direction(with the PA) shown in the NY session as the trend of the moment, and take our M15 trade in that direction. I attached two images as an example(EUM15/H1, may not be very good example, but enough to demonstrate my point), it was the London/NY transition on Friday, we see a pin in H1, rejecting the RN, the price rise sharply, if you short at M15.10 or M15.35/50 you will get burned, but if you wait long enough until the long at M15.10 happens then you may get a few pips more safely. In this case price did get rejected from H1.50, but M15.10 touch still worked, as the trend at the moment is up and quite strong.

This could be personal as I got burned quite a few times during London/NY overlap for taking trades against HTF PA in the past
Attached Image (click to enlarge)
Click to Enlarge Name: gu20120525.gif Size: 25 KB
Attached Image
  • #7,817
  • Aug 11, 2012 4:08am Aug 11, 2012 4:08am
Quoting Darkforce
My experience is that it depends on at what time of day the HTF PA happens, if it is between London/NY, then it is very dangerous, because in this case the reversal/indecision PA normally indicates that market will try to find directional clue in the next session, and that will lead to large price movements. If it is between Asian/London or NY/Asian, then even if HTF PA happened, M15+LTF PA can still be a good bet.

But this also means that we can just take direction(with the PA) shown in the NY session as the trend of the moment, and take our...
Darkforce, you got my point. I also saw that pin bar yesterday and as I said going against that flow would be dangerous but going with that flow for example taking that 10 EMA trade would have been kind a safe entry. In fact, I think if there was a strong rejection M5 P/A at the 35/50 (H1 10 EMA) this could also been a safe entry but there was a full green candle.
  • #7,818
  • Aug 13, 2012 3:53am Aug 13, 2012 3:53am
Quoting Darkforce
First is for m15 charts, that is the one in the first post of the thread and the re-post by Messiahua.

Second is for m1 charts, that is the one divided into two parts, which is also the latest one.
Weird both rars seem to be broken to me:

Unexpected end of archive
Extracting The Simple Dance Part Two.pdf CRC Failed

Unexpected end of archive
Extracting The Simple Dance.pdf CRC Failed
  • #7,819
  • Aug 13, 2012 5:51am Aug 13, 2012 5:51am
Quoting bscholes
Weird both rars seem to be broken to me:

Unexpected end of archive
Extracting The Simple Dance Part Two.pdf CRC Failed

Unexpected end of archive
Extracting The Simple Dance.pdf CRC Failed
Bscholes could that due to failure downloads? I.e. your downloads might be interrupted halfway thus you got incomplete RAR.

For me its quite evident as you get "Unexpected end of archive" error.

Try another browser maybe.
  • #7,820
  • Aug 13, 2012 6:00am Aug 13, 2012 6:00am
Just got my SL of -11 hit on the EU HTF trade. Entered on the close of 13:30 (GMT+3) Pin bar. Probably because the M15 trend looked too strong and HTF MA's were flat. Comments are welcomed.
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