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CHOROS System

  • #8,021
  • Sep 10, 2012 5:14pm Sep 10, 2012 5:14pm
Hi all,

on the graph attached, the touch 10 EMA is not valid because of violation of 2 bars rule, is anyone here have a solution to take it ?

Thanks for help
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB
  • #8,022
  • Sep 11, 2012 1:39am Sep 11, 2012 1:39am
Quoting tommy64
Hi all,

on the graph attached, the touch 10 EMA is not valid because of violation of 2 bars rule, is anyone here have a solution to take it ?

Thanks for help

Dear Tommy,

when 35/50 are very steep and 10 & 35,50 have this very good bias and also higher tframes are super bullish yes, I think we can violate the 2 bars rule. It is like a bullish flag continuation pattern.
It is what I do.
many pips,
makis.
  • #8,023
  • Sep 11, 2012 1:42am Sep 11, 2012 1:42am
Quoting kostas1
With such a strong bull action you shouldn't be looking for shorts. Just give it time to correct and look for long opportunities. I would look for the H4 10 for example (close to H1 35, DP, RN).....
I lost my sleep yesterday but finally h4/10 worked!
Asian session needs enououououogh patient!
Attached Images
  • #8,024
  • Edited 2:51am Sep 11, 2012 2:23am | Edited 2:51am
Hi guys!

I'd like to post the following trade I've made. Please feel free to comment anything you like, cause I'm new to choros and eager to learn.


Reasons to enter
- Confluence of:

Touch @ M15 35/50 MA with 30 deg. upward angle
Round Number Resistance
THV D MR1 Resistance
H1 10,35 MA - 30
No scheduled news for the next 30 mins.

Reasons not to enter
- London and/or NY market not open yet.

My Entry
- TP 10 pips, near THV's R1
- SL ignored @ the moment

My Exit
- Hit TP 10

Eventually price crossed R1, MR2 and R2. The trade had more juice but I'm happy with my 10 pips.

Thanks in advance.
-Kostas
Attached Image (click to enlarge)
Click to Enlarge Name: kdao_GU_2012-09-11_06-09_Buy_06-36.jpg Size: 150 KB
..., but what WE make.
  • #8,025
  • Sep 11, 2012 3:42am Sep 11, 2012 3:42am
Quoting tommy64
Hi all,

on the graph attached, the touch 10 EMA is not valid because of violation of 2 bars rule, is anyone here have a solution to take it ?

Thanks for help
Im no expert, but this would have been by the rules PA trade - pin bar at 10MA.
  • #8,026
  • Sep 11, 2012 5:50am Sep 11, 2012 5:50am
Quoting makonen
I lost my sleep yesterday but finally h4/10 worked!
Asian session needs enououououogh patient!
Living GMT+2? You don't say. Tell me about it...
I really slept on that trade. I had bigger expectations so I woke up 3h ago with a 9p SL hit and decided to go hybrid riding today's touch with the marvelous trend sync on all TF's to create a free trade that has the potential to aim some serious pocket money

In fact if that 15m 50 resists for the next hour and there's a good angle on 1h touch I'll seriously consider to start building
Don't Fight Forces, Use Them.
  • #8,027
  • Sep 11, 2012 6:10am Sep 11, 2012 6:10am
Quoting bscholes
BTW, this is pure position trading and an awesome thread.
My goal is in the long run to use Choros for entries, and this for exits:

http://www.forexfactory.com/showthread.php?t=245149
Forgot to say thanks for the inspiration for the HYBRID aka TESTING IT ON A DEMO
Don't Fight Forces, Use Them.
  • #8,028
  • Sep 11, 2012 7:18am Sep 11, 2012 7:18am
Quoting Timetraveler
Forgot to say thanks for the inspiration for the HYBRID aka TESTING IT ON A DEMO
Got to love what's under your name (written on the rock). Can you provide english translation?
  • #8,029
  • Sep 11, 2012 7:36am Sep 11, 2012 7:36am
Quoting kostas1
Got to love what's under your name (written on the rock). Can you provide english translation?
First result if you google it is:
http://www.stoa.org/athens/sites/ago...ce/p05049.html
Don't Fight Forces, Use Them.
  • #8,030
  • Edited 8:16am Sep 11, 2012 7:55am | Edited 8:16am
Quoting Timetraveler
Forgot to say thanks for the inspiration for the HYBRID aka TESTING IT ON A DEMO
Hi,

Please let us know of the results, but I have investigated Milipede some time ago. Hey, after all, if it has been proven, that trading without a stop loss is deadly, then taking a contrarian approach, as that's what milipede is, should definatelly bring some positive results. It can be effective, but not with Choros in my opinion. Too many +ve trades will blow back to your SL to make theese couple of times when the price will not come back worth it. It seems very effective with long term strategies though.

Kostas: changing a subject a little. I remember you said you grab your pips on 98% of your trades within next 2 15M bars. If, lets say, your trade hesitates for about an hour or so being a couple of pips + OR - would you just kill it as it is?
  • #8,031
  • Sep 11, 2012 8:04am Sep 11, 2012 8:04am
Kostas1,

Thanks again for your teaching.... <<< Bounce Trade >>>

+16pip (>1R)

cheers,
kk007
Attached Image (click to enlarge)
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  • #8,032
  • Sep 11, 2012 8:47am Sep 11, 2012 8:47am
Quoting Jkdt
Kostas: changing a subject a little. I remember you said you grab your pips on 98% of your trades within next 2 15M bars. If, lets say, your trade hesitates for about an hour or so being a couple of pips + OR - would you just kill it as it is?
Usually, I wil kill it for a small profit or small loss. Sometimes, if I see that there is a strong reason to leave it for 2-3 hrs then I may take the risk. As a general advice for newbies, I suggest to close it if it goes nowhere for a few bars (I play in M5 mostly so a few M15 bars is a long time, if you play at M15 then a few hours should be plenty of time to evaluate if the trade is going to work or not).
  • #8,033
  • Sep 11, 2012 8:52am Sep 11, 2012 8:52am
Quoting kk007
Kostas1,

Thanks again for your teaching.... <<< Bounce Trade >>>

+16pip (>1R)

cheers,
kk007




P.S. It seems you are a persistent son of a b**ch, and this is valuable in forex. You take a hit, you get up and keep trying. I think you are getting close to success and I wish it to you with all my heart.....
  • #8,034
  • Sep 11, 2012 9:49am Sep 11, 2012 9:49am
Quoting kostas1
Usually, I wil kill it for a small profit or small loss. Sometimes, if I see that there is a strong reason to leave it for 2-3 hrs then I may take the risk. As a general advice for newbies, I suggest to close it if it goes nowhere for a few bars (I play in M5 mostly so a few M15 bars is a long time, if you play at M15 then a few hours should be plenty of time to evaluate if the trade is going to work or not).
kostas1 wanted to ask you a question, considering that you are already skilled in the dance and every day achieves consistency, where very few in the world are capable in this business sometimes cold and painful ...

consider today as trade, boring or as exciting when lograstes consistency?
  • #8,035
  • Sep 11, 2012 11:21am Sep 11, 2012 11:21am
Quoting foxterbotell
kostas1 wanted to ask you a question, considering that you are already skilled in the dance and every day achieves consistency, where very few in the world are capable in this business sometimes cold and painful ...

consider today as trade, boring or as exciting when lograstes consistency?
Consistency doesn't mean boredom for me. I know that you are reading that a good trader is almost bored when pulling the trigger but for me this is not true. I still feel excited trying to see if I guessed correctly, trying to see where the trade goes and if a trade goes to hell I feel bad. So maybe I am not a good enough trader yet to feel bored.....

P.S. Joking apart, after building a good account, you get a lot of satisfaction and you trust yourself more. So stress, is less than when I was a newbie. I think it's important to start paying yourself as soon as you become profitable, because that's one of the important pieces to get confidence.
  • #8,036
  • Sep 11, 2012 12:05pm Sep 11, 2012 12:05pm
Quoting kostas1
and if a trade goes to hell I feel bad.
Could you please post an example of the one that recently made you sick the most? Especially the one that after later analysis could have been avoided and why?
  • #8,037
  • Sep 11, 2012 2:56pm Sep 11, 2012 2:56pm
Quoting kostas1
Consistency doesn't mean boredom for me. I know that you are reading that a good trader is almost bored when pulling the trigger but for me this is not true. I still feel excited trying to see if I guessed correctly, trying to see where the trade goes and if a trade goes to hell I feel bad. So maybe I am not a good enough trader yet to feel bored.....

P.S. Joking apart, after building a good account, you get a lot of satisfaction and you trust yourself more. So stress, is less than when I was a newbie. I think it's important...
Thanks for your comment ..! greetings and good luck: D
  • #8,038
  • Sep 11, 2012 3:24pm Sep 11, 2012 3:24pm
Quoting Timetraveler
Living GMT+2? You don't say. Tell me about it...
I really slept on that trade. I had bigger expectations so I woke up 3h ago with a 9p SL hit and decided to go hybrid riding today's touch with the marvelous trend sync on all TF's to create a free trade that has the potential to aim some serious pocket money

In fact if that 15m 50 resists for the next hour and there's a good angle on 1h touch I'll seriously consider to start building
Hello timetraveler, yes I am Greek.
  • #8,039
  • Sep 11, 2012 4:29pm Sep 11, 2012 4:29pm
Hi Kostas, it would be incredibly instructive to have a myfxbook or tradeexplorer of your account. Balance or other sensitive stuff could be hidden. Would just be great to get a real good impression on how someone trades this strategy consistently profitable. Hope I don't ask too much and understand if you decline to do so.

Kind regards.
  • #8,040
  • Sep 11, 2012 4:44pm Sep 11, 2012 4:44pm
1) My answer to kostas1 regarding what's written under my name was incomplete. Tight translation is "I'm the boundary of the Agora-center of the city".
But above all Agora was, is and will ever be the Marketplace(also Greek modern for Agora) which is ALWAYS at the epicenter of community along with main regional PR no matter space-time on the planet.
Also there's some distant root behind Horos(ancient term in greeklish for boundary-limit) and Choros(dance).
Needless to say that you need to remain within bounds to dance properly and in fact you have to nearly bounce on them.
Therefore it wouldn't be much of a stretch if you freely translate it as:
I'm dancing using the boundaries of the Market

2) Below is my hybrid using Choros as an entrance tool for a med-to-long trade just before I move SL to BE.
Unfortunately I didn't had the guts to built further, especially because NY openings are highly toxic, though I saw that DP finished what was left from m15/50 fight.
My results with suggested entries for millipedes took me some 900 Euro from a virgin DEMO account to get just 1 free trade that died from agony.
First attempt with a Choros high TF touch and I didn't had to even hedge for a free trade, not to mention that if I close now i'm above account BE with just 2 lots. I'm not aiming for a millipede(at least not yet) but the rule of thumb is to create free trades or small losses until you find that survivor trade and built on it.
More on my invention when I feel ready and of course on its own thread.
Many dancing pips to all
Attached Image (click to enlarge)
Click to Enlarge Name: hybrid 1.gif Size: 52 KB
Don't Fight Forces, Use Them.
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