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CHOROS System

  • #8,061
  • Sep 14, 2012 2:49am Sep 14, 2012 2:49am
Quoting kostas1
VERY long timeframe:

Just don't forget that CHOROS works on high TFs stronger. We are currently hitting monthly EMA10 on EU. Although there is a daily gap at 1.3070, if the monthly 10 gets to work, we may get strong south movements. At the same price we have confluence of Weekly 62. We could for example see the price cover the gap and start south next week. If the monthly 10 doesn't hold, don't be surprised if we move up to 1.33-1.34


P.S. The 1.2915 gap was finally filled the last 2 days
Would be interested in seeing some examples of higher time frame in action!
  • #8,062
  • Sep 14, 2012 3:18am Sep 14, 2012 3:18am
Quoting biDc
Would be interested in seeing some examples of higher time frame in action!
You are not going to see them from me.....
I am mostly M5, rarely M15 and only a few H1/H4 trades.
  • #8,063
  • Sep 14, 2012 3:21am Sep 14, 2012 3:21am
I have a question like a newbie to this system.When a candle touch the 35sma on the 15 min tf does it allways mean that the price will go in the right direction (up in a uptrend,down in a downtrend).Thank you very much
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  • #8,064
  • Sep 14, 2012 5:01am Sep 14, 2012 5:01am
Quoting marcelms
I have a question like a newbie to this system.When a candle touch the 35sma on the 15 min tf does it allways mean that the price will go in the right direction (up in a uptrend,down in a downtrend).Thank you very muchAttachment
if price would ALWAYS go in the right direction after 35 touch, we would be a millionairs in few days
  • #8,065
  • Sep 14, 2012 5:04am Sep 14, 2012 5:04am
Quoting alexLV
if price would ALWAYS go in the right direction after 35 touch, we would be a millionairs in few days
Ya,Thank you
  • #8,066
  • Sep 14, 2012 5:07am Sep 14, 2012 5:07am
Quoting marcelms
I have a question like a newbie to this system.When a candle touch the 35sma on the 15 min tf does it allways mean that the price will go in the right direction (up in a uptrend,down in a downtrend).Thank you very muchAttachment
My friend,

If it did, we would all be rich! The price tests the MAs and sometimes reacts/bounces back. The price tests not only MAs but also Round Numbers, Pivot Points etc. It tests them once maybe twice and sometimes three times but is finally brakes them and actually, it MUST break them otherwise price would only move in one direction.

Spend some time to read the Dance/Choros manual and you will have a more clear view.
You are allowed to fall but you are imposed to get up!
  • #8,067
  • Edited 6:51am Sep 14, 2012 5:46am | Edited 6:51am
The gap in E/U Daily chart has been filled, H1 formed a goji in confluence with Daily R1 and RN. I am trying short...

EDIT: It didn't work. -8 pips.
You are allowed to fall but you are imposed to get up!
  • #8,068
  • Sep 17, 2012 5:52am Sep 17, 2012 5:52am
I am kind of confused with the two threads dance and choros. Is it the same strategy? Did sth change since the manual was written? Gonna read through all of it in the next days, just want to have kind of a picture in my head before that. Cheers!
  • #8,069
  • Sep 18, 2012 5:13am Sep 18, 2012 5:13am
Quoting baccarat
I am kind of confused with the two threads dance and choros. Is it the same strategy? Did sth change since the manual was written? Gonna read through all of it in the next days, just want to have kind of a picture in my head before that. Cheers!
Is the same strategy.
You are allowed to fall but you are imposed to get up!
  • #8,070
  • Sep 18, 2012 8:03am Sep 18, 2012 8:03am
hello my friends dancers, as have started trading this week all of you: D
  • #8,071
  • Sep 18, 2012 8:08am Sep 18, 2012 8:08am
Was it a nice M15 35/50 short? (Red Arrow)
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  • #8,072
  • Edited 9:31am Sep 18, 2012 9:14am | Edited 9:31am
Entry:1.30670
Exit:1.30532
SL: 1.30760(above Daily S1 and M15.50)

Reason for entry:
1.M15.35 + H1.10
2.Range, price bouncing between two narrow zones
3.M5 3 consecutive pinbar

Reason for exit:
Original target was 1.30500, but exit manually as momentum slows.

p.s.
First chart is M15
Second chat is M5
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Attached Image
  • #8,073
  • Edited 1:24pm Sep 18, 2012 9:19am | Edited 1:24pm
Quoting kk007
Was it a nice M15 35/50 short? (Red Arrow)
No, its not, there's no clear PA at the first touch of M15.35/50. Probably good to take a bet with small SL as the M15 bar do close below M15.50.

The touch at D1.10 is a good one though, good for a quick scalp at least, given the PA. A lot of upper wicks + doji close below D1.10

p.s. The chart is M5
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  • #8,074
  • Sep 18, 2012 11:11am Sep 18, 2012 11:11am
Quoting Darkforce
Entry:1.30670
Exit:1.30532
SL: 1.30760(above Daily S1 and M15.50)

Reason for entry:
1.M15.35 + H1.10
2.Range, price bouncing between two narrow zones
3.M5 3 consecutive pinbar

Reason for exit:
Original target was 1.30500, but exit manually as momentum slows.

p.s.
First chart is M15
Second chat is M5
Good one!
See how well Choros interacted with S/R today.
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Swedish steel!
  • #8,075
  • Sep 18, 2012 2:33pm Sep 18, 2012 2:33pm
Hello traders.
Today I have very bad performance. 2 failed trades (stopped by pip)
and then went with my favor.
First trade m5 & m15 pins was my signal.
Second trade was 2 bars m5/12 touch...
I think stop loss would be 5 pips above m15/50.....
Any comment welcome!
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  • #8,076
  • Sep 18, 2012 2:44pm Sep 18, 2012 2:44pm
Quoting makonen
Hello traders.
Today I have very bad performance. 2 failed trades (stopped by pip)
and then went with my favor.
First trade m5 & m15 pins was my signal.
Second trade was 2 bars m5/12 touch...
I think stop loss would be 5 pips above m15/50.....
Any comment welcome!
hello dancer, I was also watching these possible entries, do not take them, because it was the third hit the 15m ema 10, so let it go and wait for a clearer signal to the next day, Greetings
  • #8,077
  • Edited 3:45pm Sep 18, 2012 3:31pm | Edited 3:45pm
Quoting makonen
Hello traders.
Today I have very bad performance. 2 failed trades (stopped by pip)
and then went with my favor.
First trade m5 & m15 pins was my signal.
Second trade was 2 bars m5/12 touch...
I think stop loss would be 5 pips above m15/50.....
Any comment welcome!
Both trades have pinbar(2nd was more dojish, but still a decent rejection) rejection from RN.

I personally had a rule that I wont trade against a pinbar immediately in a weak trend unless price has move in the direction of the pinbar for at least the length of the pinbar.

So say 1st trade pinbar was about 15 pips, then I wouldn't look for a short unless it moves to near or above 1.3073

I didn't really statistically tested this, it comes from some bad experience.

So your trades are not bad, they are just a bit premature, and also a bit unlucky.
  • #8,078
  • Edited Sep 19, 2012 12:18am Sep 18, 2012 10:31pm | Edited Sep 19, 2012 12:18am
Hi Dancers!
At the EUR/JPY pair, are you also feeling that the earlier 40pip gap (@ 5/4/2012-6/5/2012 on D1 chart) is going to be filled soon?

Cheers!
..., but what WE make.
  • #8,079
  • Sep 19, 2012 12:14am Sep 19, 2012 12:14am
EURUSD Cross/Retest M15.35/50??? Higher Lows
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  • #8,080
  • Sep 19, 2012 12:40am Sep 19, 2012 12:40am
Work like a charm... thanks iero4 for your teaching. (I didn't enter ) Both are realtime images!!!!
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