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CHOROS System

  • #8,121
  • Sep 27, 2012 12:45pm Sep 27, 2012 12:45pm
Some evening m5 12 scalping, +7.5 and +9.

Tack!
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Swedish steel!
  • #8,122
  • Sep 27, 2012 1:09pm Sep 27, 2012 1:09pm
I´ve been trading the system for 3 weeks. Made 30% so far. Looks promising.
I´ve made my adjustments of course. If anyone is interested, let me know.
  • #8,123
  • Sep 27, 2012 2:39pm Sep 27, 2012 2:39pm
Quoting qwedsazxc
I´ve been trading the system for 3 weeks. Made 30% so far. Looks promising.
I´ve made my adjustments of course. If anyone is interested, let me know.
Do tell about adjustments.....
  • #8,124
  • Sep 28, 2012 8:53am Sep 28, 2012 8:53am
eurusd sell trade

15m 35/50/10 R1 line

TP 20
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  • #8,125
  • Sep 28, 2012 1:39pm Sep 28, 2012 1:39pm
I use volume. Let me prepare my statement
  • #8,126
  • Sep 28, 2012 2:13pm Sep 28, 2012 2:13pm
Quoting qwedsazxc
I use volume. Let me prepare my statement
that kind of volume do you use? using volume indicators forex brokers, or use the volume of the futures market?

I know if I can use the futures market volume for the forex market, traders know very successful implementing it day by day,

I'm trying to learn to use the futures market volume with various software which are available in the market delta, market balance, order flow that are Analitycs of my knowledge and major investment firms that use some of these software

if you could post your operations using the volume, welcome
  • #8,127
  • Oct 2, 2012 8:43am Oct 2, 2012 8:43am
Quoting qwedsazxc
I use volume. Let me prepare my statement
Very interested to hear what you have to say :-)
  • #8,128
  • Oct 3, 2012 4:04am Oct 3, 2012 4:04am
Very quiet here for the past few days, is everyone doing alright?

Entry:1.26144
Exit: 1.26261

Reason for entry:
1.M15.10+H1.35 confluence
2.Many M15/H1 MAs packed in the same region
3.Clear break those packed MAs earlier
4.M5 PA

Reason for exit:
1.PA at zone which rejected previews high
2.Want to grab some quick pips before the 10am Eurpean retails sales data

1st chart is M15
2nd chart is M5
3rd chart is M1
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  • #8,129
  • Oct 3, 2012 8:08am Oct 3, 2012 8:08am
Quoting Darkforce
Very quiet here for the past few days, is everyone doing alright?

Entry:1.26144
Exit: 1.26261

Reason for entry:
1.M15.10+H1.35 confluence
2.Many M15/H1 MAs packed in the same region
3.Clear break those packed MAs earlier
4.M5 PA

Reason for exit:
1.PA at zone which rejected previews high
2.Want to grab some quick pips before the 10am Eurpean retails sales data

1st chart is M15
2nd chart is M5
3rd chart is M1
Got the same trade buddy ! But I took it as M5 12 EMA bounce. In fact, this was risky because H1 35/50 were and still are flat at the moment and it gets really noisy, price did not even bounce from the M15 10 EMA for the first time.

Cheers
  • #8,130
  • Oct 3, 2012 9:02am Oct 3, 2012 9:02am
Quoting 2121
Got the same trade buddy ! But I took it as M5 12 EMA bounce. In fact, this was risky because H1 35/50 were and still are flat at the moment and it gets really noisy, price did not even bounce from the M15 10 EMA for the first time.

Cheers
It was a bit risky, I kind of view those flat MAs as a support zone, so I felt the risk was acceptable.

There were better entries this morning.
  • #8,131
  • Oct 3, 2012 1:17pm Oct 3, 2012 1:17pm
It's been a month today since I started trading Choros.
I trade only on days I am off. I work on 4 on 4 off basis, so I trade only from home, which is 1-4 days a week.
on the beginning I was doing bad, I went down 10% from the account size. now I am almost 9% on profit. not bad on the beginning, and since I started gaining profits I get 3-4% a day
but what worries me is that my greedy part kicks in again. I risk more than 1% sometimes (usually when candle touches 35SMA), or I open 3-4 positions with same pair, so still a lot to work on.
my entry signals?
15mins chart, 1hr, 4 hrs, 1 day only to check trend and to mark S/R levels
35 SMA or 50EMA, sometimes 10EMA, but I'd rather to avoid it and wait till 35/50. I also trade on the touch of full numbers, example EUR/USD at 1,29, but need to see few touches and bounces of this number before on same day


I will read the "Dance" script again, plus each month will all 20 Quid for first 3 monts to see how I handle with bigger amounts (if they will be profitable), then if in 3 months in a row I will gain 20% or more per month I will add 100£. at least 20% profit a month in 3 months in a row will be indicator to add more to the account. hopefully this is it :-)
On my way to financial independence - if others can do it - I can do it
  • #8,132
  • Edited 7:24am Oct 4, 2012 6:55am | Edited 7:24am
Don't know but how everybody in here deal with long lasting trends and bounce countings. There are times when price keeps above or below M15 35/50 for more than few days and as I read Kostas mentioned that when 35/50 is touched, there is no reset..

Cheers
  • #8,133
  • Oct 4, 2012 9:28am Oct 4, 2012 9:28am
gbpusd buy trade

5m engufing bullish 35/50

++15 in TP round number
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  • #8,134
  • Oct 4, 2012 12:30pm Oct 4, 2012 12:30pm
I made 5% profit with 43 pips today. But I think I'm still doing something wrong.
I did too many trades, I was risking too much, hopefully tomorrow will be better for sticking to the rules
On my way to financial independence - if others can do it - I can do it
  • #8,135
  • Oct 5, 2012 2:20am Oct 5, 2012 2:20am
Quoting Eur Usd
I made 5% profit with 43 pips today. But I think I'm still doing something wrong.
It's impossible to make profit constantly and do it "wrong".

If you really make profit with whatever approach I advice not to change anything and continue with it.
  • #8,136
  • Oct 5, 2012 2:28am Oct 5, 2012 2:28am
Quoting messiahua
It's impossible to make profit constantly and do it "wrong".

If you really make profit with whatever approach I advice not to change anything and continue with it.

possibly ;-) or maybe it's just luck ;-)

today:
entry at 08:02 London time
EUR/USD short with 50 pips tp, entry at 1.3002
GBP/USD short with 50 pips tp, entry at 1,6178
unfortunatelly 4% risk per trade as I set sl above long straight EMA and SMA
looks like it will be profitable day, but who knows
On my way to financial independence - if others can do it - I can do it
  • #8,137
  • Oct 5, 2012 2:39am Oct 5, 2012 2:39am
Quoting Eur Usd
possibly ;-) or maybe it's just luck ;-)

today:
entry at 08:02 London time
EUR/USD short with 50 pips tp, entry at 1.3002
GBP/USD short with 50 pips tp, entry at 1,6178
unfortunatelly 4% risk per trade as I set sl above long straight EMA and SMA
looks like it will be profitable day, but who knows
I can't see your reasoning for the shorts. The only MA that I could think for a short signal is the Weekly 62 EMA, but I never use it. Everything else points to long. For example, waiting for H4 10, H1 35, Daily Pivot confluence bounce long.....

P.S. Providing charts would help us understand your reasoning.
  • #8,138
  • Oct 5, 2012 2:45am Oct 5, 2012 2:45am
Quoting kostas1
I can't see your reasoning for the shorts. The only MA that I could think for a short signal is the Weekly 62 EMA, but I never use it. Everything else points to long. For example, waiting for H4 10, H1 35, Daily Pivot confluence bounce long.....

P.S. Providing charts would help us understand your reasoning.
Hi Kostas, nice to have your attention :-)
I can see from 1h, 4h charts that it is still indicating north, but also saw a strong support over all night on 1 level close to round numbers after long run yesterday, besides 10EMA is going under 50EMA/35SMA that's why I shorted
I'll start using charts for the future
besides it's my first month of trading this system, and I need to read the manual few more times ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,139
  • Oct 5, 2012 9:37am Oct 5, 2012 9:37am
harnessing the strength of bullish news USA

m5 35/50 price action

enter buy

++16
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  • #8,140
  • Oct 5, 2012 9:38am Oct 5, 2012 9:38am
Quoting kostas1
I can't see your reasoning for the shorts. The only MA that I could think for a short signal is the Weekly 62 EMA, but I never use it. Everything else points to long. For example, waiting for H4 10, H1 35, Daily Pivot confluence bounce long.....

P.S. Providing charts would help us understand your reasoning.

you were so right. I suck big style now. I need to take week off and read the manual again, at least twice
On my way to financial independence - if others can do it - I can do it
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