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CHOROS System

  • #8,081
  • Sep 19, 2012 3:47am Sep 19, 2012 3:47am
Quoting Darkforce
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
Thanks for your comment.
  • #8,082
  • Sep 19, 2012 5:01am Sep 19, 2012 5:01am
Awesome system, thanks everyone for your input. Done for the day. Sold GU off DP rejection.
Attached Image
  • #8,083
  • Sep 19, 2012 7:06am Sep 19, 2012 7:06am
Me Me Me.... Haven't dance for ages!!!!!

+15pip (1.5R)
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  • #8,084
  • Sep 19, 2012 7:36am Sep 19, 2012 7:36am
Quoting Darkforce
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,...
Many thanx fox & Dark!
I will study this about pinbars. It seems interesting.....

Today better, here is a winner short eu after 5m p.a. & m15/10
Attached Image
  • #8,085
  • Sep 19, 2012 7:39am Sep 19, 2012 7:39am
Quoting makonen
Many thanx fox & Dark!
I will study this about pinbars. It seems interesting.....

Today better, here is a winner short eu after 5m p.a. & m15/10
Same trade as mine
  • #8,086
  • Sep 19, 2012 8:06am Sep 19, 2012 8:06am
Quoting kk007
Me Me Me.... Haven't dance for ages!!!!!

+15pip (1.5R)
same trade kk! +10 for me!
  • #8,087
  • Sep 20, 2012 6:56am Sep 20, 2012 6:56am
My Dance trades today

1st GU: BE for the first one immediately before news.
2nd GU: BE for the second one (Set BE at 9 pip and SL hit, Touch trade)
3rd AU: 10 pip (1R)

http://www.forexfactory.com/attachme...8&d=1348132367


http://www.forexfactory.com/attachme...3&d=1348140847
  • #8,088
  • Sep 20, 2012 9:55am Sep 20, 2012 9:55am
Entry:1.29428
Exit:1.29551
SL: 1.2934(PA bottom)

Reason for entry:
1.M15.10 scoop up
2.Price bounce from earlier demand zone
3.M1 PA, price make HL, and slow get above and hold up by M1.10
4.Price was bouncing up from a HTF resistance turn support formed between 9.12 and 9.13(didn't show the chart but check it out yourself)

Reason for exit:
My target was M15.35+RN+Daily.S2, price momentum was good so I let it over shot a little bit, then exit when momentum slows down.

I will look for re-entry long, should price pulls back.

P.S. I don't normally trade scoop up, as the price was below M15.35/50. Comments welcome.
1st chart is M1
2nd chart is M15
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  • #8,089
  • Sep 20, 2012 10:05am Sep 20, 2012 10:05am
Quoting kk007
My Dance trades today

1st GU: BE for the first one immediately before news.
2nd GU: BE for the second one (Set BE at 9 pip and SL hit, Touch trade)
3rd AU: 10 pip (1R)
KK007, no comments on your trades, they are good.

But those high contrast charts are bad for your eyes man.
  • #8,090
  • Sep 20, 2012 10:27am Sep 20, 2012 10:27am
Quoting Darkforce
KK007, no comments on your trades, they are good.

But those high contrast charts are bad for your eyes man.
Everyone hates my chart template! lol

And I don't know how to trade scoop, so can't comment your trade. I start to be able to trade basic Dance patterns and bounce trades with some success only quite recently.
.
  • #8,091
  • Sep 20, 2012 1:19pm Sep 20, 2012 1:19pm
Quoting kk007
I start to be able to trade basic Dance patterns and bounce trades with some success only quite recently.
.
OK, at this point I have to vouch for kk. Historically, here is why my friend is worth my vouch:
1. He came in the CHOROS thread with a "what is this bullshit" attitude.
2. He thought that all this is worth trying to learn:nerd:.
3. He quickly tried one million trades (about 3 of those were real CHOROS trades) and his conclusion was "this is still bullshit".
4. He tried to understand advanced trades before mastering the basic trades. He said "Come on, you are bullshitting me..."
5. He then left the thread and probably tried other methods
6. After a year or so he came back thinking "I can't believe this bullshit is still around and more people are succeeding"
7. He realized that he can actually DO it.

If this is not worth a vouch, I don't know what is.....
Good luck buddy, hope you keep a cool mind with my humor......
  • #8,092
  • Sep 20, 2012 2:02pm Sep 20, 2012 2:02pm
excellent comment: D
  • #8,093
  • Sep 21, 2012 4:51am Sep 21, 2012 4:51am
Quoting kostas1
OK, at this point I have to vouch for kk. Historically, here is why my friend is worth my vouch:


If this is not worth a vouch, I don't know what is.....
Good luck buddy, hope you keep a cool mind with my humor......

Hahaha...Crazy!
You are allowed to fall but you are imposed to get up!
  • #8,094
  • Sep 21, 2012 5:06am Sep 21, 2012 5:06am
I'm going to start from Monday, again with Dance, and follow rules and MM plan, same like kk007 i will need to get discipline, but biggest issue is that i'm risking too much, and most of the time on end of week or sometimes end of month i blow up, my account. this last time I started with 30 dollars in 2 weeks trading I make 180 and today I over-leveraged and blow them up.

I'm listening to Jim Rohn and decided to do it like he says step at a time, every day write one page, and till end of year you will have a book, because when someone will tell you write book with 300 pages, you are discouraged and say I cant, I was not able to realize that till recently.

Regards,
TheDivine

P.S: Starting the journey
  • #8,095
  • Sep 21, 2012 8:11am Sep 21, 2012 8:11am
hello dancers as I was this day, today was a fun day, very volatile and learning as everyday
  • #8,096
  • Sep 21, 2012 8:23am Sep 21, 2012 8:23am
Quoting kostas1
This is what I call bounce "area". Because there are many probable bounce points here which they do NOT all coincide, price can bounce at anyone of them creating an "area" instead of an exact number (Round number, H1 EMA10, Monthly pivot, M15 35/50). I will wait for a good M5 bar to go long here.

Kostas
Hi Kostas,

So in other words, if every point of confluence coincide on one exact number, you enter the trade on this number ? so you don't need to wait for a good M5 bar to enter trade ?

Thks in advance for reply
  • #8,097
  • Sep 21, 2012 9:01am Sep 21, 2012 9:01am
Quoting tommy64
Hi Kostas,

So in other words, if every point of confluence coincide on one exact number, you enter the trade on this number ? so you don't need to wait for a good M5 bar to enter trade ?

Thks in advance for reply
What I meant at this old post is that since there are several important points close to each other, price could bounce unpredictably, so better wait for confirmation bars that it is bouncing.
  • #8,098
  • Sep 21, 2012 9:56am Sep 21, 2012 9:56am
Ping Pong between 35 and 50 mas at 4hours chart.

I got the first ping (+11) and the first pong (+9).

Spyros
  • #8,099
  • Edited 6:03am Sep 23, 2012 4:47am | Edited 6:03am
Hi Guys
I started testing this system, and I must say it's good. I am still loosing a bit but seems like it will be it after I master it.
my trades are in my profile.

I think I am doing well with mm and position sizing, and try to stick to the rules of original dance, I broke it once a bit, what gave me 8% profit, but was made due to lack of discipline, after 3 daily loses I had to stop for the day, but seen strong resistiance on 1.30 on eurusd so I went in with over 5% risk but got back 8%).
I still have greed factor, as I enter in few trades at once, but it is to be corrected while testing the system. I did only 30-50 trades or so so not much, but at least my losses are small and from day to day I see I am loosing less. The best time I see for trade is London/NY session, but as I am working on 4 on 4 off there are days when I cannot trade.

If it will be giving me at least 20% profit a month for 3 months in a row I will topup with 100£. Then another 3 months, and again if it will give me at least 20% profit a month for 3 months I'll add more and so on. Why? my only dream is to have mortgage free 3 bed house and healthy, happy family and some retirement fund, and I know it needs lots work and lots time, but will do my best to get there. more above it will be just a bonus.
On my way to financial independence - if others can do it - I can do it
  • #8,100
  • Sep 24, 2012 6:06am Sep 24, 2012 6:06am
hello dancers
days had not published my trades: D but today I felt like posting my first operation
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