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CHOROS System

  • #8,101
  • Sep 24, 2012 5:36am Sep 24, 2012 5:36am
eurusd trade 15m 35sma, 1h 10ema, 5m price action
tp in round number

+20
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24.09.2012 entrada eurusd.gif Size: 319 KB
Click to Enlarge Name: 24.09.2012 entrada eurusd salida posi.gif Size: 305 KB
  • #8,102
  • Sep 24, 2012 5:48am Sep 24, 2012 5:48am
Quoting foxterbotell
eurusd trade 15m 35sma, 1h 10ema, 5m price action
tp in round number

+20
I got same trade, it touched 35 SMA also on GBP/USD and USD/CHF at same time
On my way to financial independence - if others can do it - I can do it
  • #8,103
  • Sep 24, 2012 6:05am Sep 24, 2012 6:05am
Quoting Eur Usd
I got same trade, it touched 35 SMA also on GBP/USD and USD/CHF at same time
very good
  • #8,104
  • Sep 24, 2012 6:19am Sep 24, 2012 6:19am
Quoting foxterbotell
eurusd trade 15m 35sma, 1h 10ema, 5m price action
tp in round number

+20

Hello Fox!
after confusing Friday (as you said) with range and stopped
3 times (non choros trades) today better, took the same trade! +10 for me.... because of fear....
many pips to all and faith! choros is working!
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 44 KB
  • #8,105
  • Sep 24, 2012 6:24am Sep 24, 2012 6:24am
Quoting makonen
Hello Fox!
after confusing Friday (as you said) with range and stopped
3 times (non choros trades) today better, took the same trade! +10 for me.... because of fear....
many pips to all and faith! choros is working!
nice dancer makonen
  • #8,106
  • Sep 24, 2012 6:33am Sep 24, 2012 6:33am
in general for today:
4,2% profit, 38 pips gain
6 trades (I broke the rule of 5 successful trades a day, but 1 of them barely gained anything), all with gains.
3 trades on GBP/USD, 1 was bounce from round nr 1.6200, one was bounce back from 10 EMA and one bounce of 35 SMA
1 USD/CHF - bounce of 35 SMA but it stood in place so I went out with just few pips
2 EUR/USD, one bounce of 35 SMA and one which was last one and breaking rules one was entry as the price touched third time 1,2900, I was hoping it will bounce again so went in with double position size, but it hasn't bounced since 1.2990ish so I widened sl and was risking about 4% which was stupid. eventually got 1% profit.

looks like I am getting better, and I am getting my looses back from the beginning of the month when I was learning and loosing (still learning anyway :-))
but looks like it is system for me :-))
On my way to financial independence - if others can do it - I can do it
  • #8,107
  • Sep 24, 2012 8:25am Sep 24, 2012 8:25am
guys do i need to change indicator settings (and some P/A and entry-exit rules) if i want to see the M15 or M30 timeframe or even H1 as the main chart?

i dont feel comfortable using M1 as im using a 4 digit broker (so sometimes it's just flat candle)
  • #8,108
  • Sep 24, 2012 8:29am Sep 24, 2012 8:29am
Quoting rsg10z
guys do i need to change indicator settings (and some P/A and entry-exit rules) if i want to see the M15 or M30 timeframe or even H1 as the main chart?

i dont feel comfortable using M1 as im using a 4 digit broker (so sometimes it's just flat candle)
I don't change them, and whenever I go to 1hr 4 hr or 1 day I go to check candle behaviour and whether market shows bull or bear. I also don't go below m15
On my way to financial independence - if others can do it - I can do it
  • #8,109
  • Sep 24, 2012 8:39am Sep 24, 2012 8:39am
Quoting Eur Usd
I don't change them, and whenever I go to 1hr 4 hr or 1 day I go to check candle behaviour and whether market shows bull or bear. I also don't go below m15
thank you very much.
  • #8,110
  • Sep 24, 2012 8:41am Sep 24, 2012 8:41am
Quoting rsg10z
thank you very much.
I am still noob, so you'd better wait for answers of more advanced traders :-)
On my way to financial independence - if others can do it - I can do it
  • #8,111
  • Sep 25, 2012 2:39am Sep 25, 2012 2:39am
3.9% profit today but only 9 pips - due to fact that I was using different postion sizes and risk %.
Trading on bounce of EUR/USD from 1.2900
plus trade on GBP/USD and USD/CHF (I have stop trading on it as it is unpredictible a bit)
But I broke my discipline few times and I am not happy with it.
I should stop after 3 loosing trades, I stoped after 4.
I should stop after 5 winning trades, I stopped after 6.
widening risk to 3-4% (due to higher position size and moving SL below resistand level, when I told myself I'll stick to 1%
but within a month I got down to 10% loss and got back to 2,4% of profit in general which is not bad for the beginner I think :-)
now I'll be off from trading for a week.
On my way to financial independence - if others can do it - I can do it
  • #8,112
  • Sep 25, 2012 2:48am Sep 25, 2012 2:48am
Quoting Eur Usd
3.9% profit today but only 9 pips - due to fact that I was using different postion sizes and risk %.
Trading on bounce of EUR/USD from 1.2900
plus trade on GBP/USD and USD/CHF (I have stop trading on it as it is unpredictible a bit)
But I broke my discipline few times and I am not happy with it.
I should stop after 3 loosing trades, I stoped after 4.
I should stop after 5 winning trades, I stopped after 6.
widening risk to 3-4% (due to higher position size and moving SL below resistand level, when I told myself I'll stick to 1%
but within a month...
Discipline discipline mate , that is the key else you will fail to make the grade
  • #8,113
  • Sep 25, 2012 2:50am Sep 25, 2012 2:50am
Quoting Eur Usd
3.9% profit today but only 9 pips - due to fact that I was using different postion sizes and risk %.
Trading on bounce of EUR/USD from 1.2900
plus trade on GBP/USD and USD/CHF (I have stop trading on it as it is unpredictible a bit)
But I broke my discipline few times and I am not happy with it.
I should stop after 3 loosing trades, I stoped after 4.
I should stop after 5 winning trades, I stopped after 6.
widening risk to 3-4% (due to higher position size and moving SL below resistand level, when I told myself I'll stick to 1%
but within...
hello dancer, need not're outside, you can be watching without making any trade, so you can continue training the eye, Greetings
  • #8,114
  • Sep 25, 2012 7:20am Sep 25, 2012 7:20am
gbp usd trade

15m 35/50, wekly pivot, 5m price action

15+
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25.09.2012 entrada gbpusd.gif Size: 308 KB
Click to Enlarge Name: 25.09.2012 entrada gbpusd salida posi.gif Size: 305 KB
  • #8,115
  • Sep 25, 2012 12:11pm Sep 25, 2012 12:11pm
how you enter a trade ? by a limit order or market order ?

the dilemma :
limit order : doesnt alway get filled,

market order : lose a couple pip every time.
  • #8,116
  • Sep 25, 2012 2:07pm Sep 25, 2012 2:07pm
Quoting asteriskstar
how you enter a trade ? by a limit order or market order ?

the dilemma :
limit order : doesnt alway get filled,

market order : lose a couple pip every time.
1) Backtest both
2) Forwardtest on a demo account for some months
3) Choose the SAFEST

Personally I NEVER trade AFK plus i don't think you can execute CHOROS System w/o your real time attention/action.

Best of trades
Don't Fight Forces, Use Them.
  • #8,117
  • Sep 26, 2012 9:16am Sep 26, 2012 9:16am
I can only trade for a very limited time during evenings right now. Often I don't see any setups.

Today I did, EU m5 scoop up: 5+6+8
Attached Image (click to enlarge)
Click to Enlarge Name: eu120926.gif Size: 35 KB
Swedish steel!
  • #8,118
  • Sep 26, 2012 12:24pm Sep 26, 2012 12:24pm
Objective MA slope

Hi,

here's a simple indicator I have built to allow me to judge objectively the slope of various MAs. It calculates the slope of the MAs based on the percentage of price that the MA has moved between the pre-previous candle and the previous candle. So the value you see doesn't take into account the current, not yet closed candle, and it's 100% objective.

Since obviously the difference between two successive MAs will be larger in higher timeframes, you can't compare the slopes of an MA on different timeframes. This means that the value of 50 may indicate a big slope for the 10 M5 EMA, but it will be a small slope for the 10 W1 EMA. This indicator is useful if you first get familiar with it, so that you will know what values are big or small for a specific MA.
Attached File(s)
File Type: ex4 micSlope.ex4   15 KB | 488 downloads
  • #8,119
  • Sep 26, 2012 12:50pm Sep 26, 2012 12:50pm
Quoting micmic
Objective MA slope

Hi,

here's a simple indicator I have built to allow me to judge objectively the slope of various MAs.
For those who don't know him, micmic is an old friend of Choros that has put a lot of work into building useful tools related to the method, and I am very happy for his re-appearance. His contributions are invaluable, pay attention:nerd:.....
  • #8,120
  • Sep 26, 2012 1:00pm Sep 26, 2012 1:00pm
Quoting kostas1
For those who don't know him, micmic is an old friend of Choros that has put a lot of work into building useful tools related to the method, and I am very happy for his re-appearance. His contributions are invaluable, pay attention:nerd:.....
I haven't really done much in the department of the offered tools. During the last year I focused on building an automated system which has now almost finished but has nothing to do with Choros (it's based on the daily and is comprised of several sub-systems).

But if you have any ideas for indicators that would be useful for Choros, I could probably build it (given enough time ).
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