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CHOROS System

  • #8,161
  • Oct 11, 2012 10:06am Oct 11, 2012 10:06am
Quoting 2121
Today's bounce from D1 200/35, H4 200, DS1, RN and MP pretty well explains strong buying. Weekly chart shows that we may be doing Ping-Pong again between 35-50 or 35-62
Yes, very STRONG confluence. I could see this coming 2 days ago since the Weekly 10 was there. Someday, I need to learn to play at these long TFs.
  • #8,162
  • Oct 11, 2012 4:28pm Oct 11, 2012 4:28pm
Quoting kostas1
Yes, very STRONG confluence. I could see this coming 2 days ago since the Weekly 10 was there. Someday, I need to learn to play at these long TFs.
Well big timeframes are like the small ones. The market is fractal.
  • #8,163
  • Oct 12, 2012 12:37am Oct 12, 2012 12:37am
Quoting albertbest
Well big timeframes are like the small ones. The market is fractal.
The market IS fractal, my patience IS NOT.....
  • #8,164
  • Oct 12, 2012 3:36am Oct 12, 2012 3:36am
Quoting Eur Usd
btw it works only on currency. I trade silver a bit and I see that trading choros there has no point :-)

I think choros is working also in commodities but in HTFs.
Look silver daily with D/10!
HTFs need also patient....
Attached Image
  • #8,165
  • Oct 12, 2012 6:08am Oct 12, 2012 6:08am
Quoting makonen
I think choros is working also in commodities but in HTFs.
Look silver daily with D/10!
HTFs need also patient....
Surely work for gold as well, I think it's just a matter of whether one has the willingness to adapt to trade it.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 99 KB
  • #8,166
  • Oct 12, 2012 11:07am Oct 12, 2012 11:07am
what time frames do you use for commodities? I've seen that on 15 min chart it goes above, below the 35/50 quite far
On my way to financial independence - if others can do it - I can do it
  • #8,167
  • Oct 14, 2012 4:44pm Oct 14, 2012 4:44pm
Hello,
Thank you for this subject
I want to know the indicators for this method of trading?
This method it is valid?

15m

10 ema
35 sma
50 ema

40 ema
140 sma
200 ema
248 ema

1Hr

10 ema
35 sma
50 ema
62 ema

120 ema
420 sma
600 eam

D1

10 ema
35 sam
50 ema
  • #8,168
  • Oct 15, 2012 1:25am Oct 15, 2012 1:25am
Quoting ta.bo
Hello,
Thank you for this subject
I want to know the indicators for this method of trading?
This method it is valid?

15m

10 ema
35 sma
50 ema

40 ema
140 sma
200 ema
248 ema

1Hr

10 ema
35 sma
50 ema
62 ema

120 ema
420 sma
600 eam

D1

10 ema
35 sam
50 ema

I use only:
10 ema
35 sma
50 ema

and that's enough for me
On my way to financial independence - if others can do it - I can do it
  • #8,169
  • Oct 15, 2012 5:17am Oct 15, 2012 5:17am
Quoting Eur Usd
I use only:
10 ema
35 sma
50 ema

and that's enough for me
This is the best approach when you start. Focus only on the basic MAs and learn how price reacts to those.
  • #8,170
  • Oct 15, 2012 6:37am Oct 15, 2012 6:37am
Quoting Eur Usd
I use only:
10 ema
35 sma
50 ema

and that's enough for me

Thank so much for your response.
  • #8,171
  • Oct 15, 2012 6:38am Oct 15, 2012 6:38am
Hello dancers & have a nice week!
The bussiness at my shop is going worse day by day.
Here in Greece with 25% plus uneployment and about 50%
youth unemployment I have nothing better to expect...
Anyway because everything bad thing has also a good part
-as ancient Greeks said 2500 years before- I have more time
to trade!
Thanks again Kostas for this beautifull system!
It gives me hope that I can change my life!
Today I missed the obvious choros signal 10:15 gmt
after first m5/12 touch & pin bar but I took this long
after m15/10 touch and m5/12,23,35 constrainment for 15 pips.
I feel now that I am getting better with trading day by day
and it is time to increase a little my positions...
many pips to all!
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 41 KB
  • #8,172
  • Oct 15, 2012 7:43am Oct 15, 2012 7:43am
Quoting makonen
Hello dancers & have a nice week!
The bussiness at my shop is going worse day by day.
Here in Greece with 25% plus uneployment and about 50%
youth unemployment I have nothing better to expect...
Anyway because everything bad thing has also a good part
-as ancient Greeks said 2500 years before- I have more time
to trade!
Thanks again Kostas for this beautifull system!
It gives me hope that I can change my...
hello makonen we have the same trade
  • #8,173
  • Oct 16, 2012 1:06pm Oct 16, 2012 1:06pm
Anyone got any golden fishes today ?
  • #8,174
  • Oct 16, 2012 2:38pm Oct 16, 2012 2:38pm
Quoting 2121
Anyone got any golden fishes today ?
Got my daily 15p from the EU M5 12 bounce at 6:55 GMT.....
  • #8,175
  • Oct 17, 2012 2:43am Oct 17, 2012 2:43am
Quoting kostas1
Got my daily 15p from the EU M5 12 bounce at 6:55 GMT.....
Bravo Kosta I have been struggling with this choppy undecided market, and find it very helpful when you post your trades. It would be greatly appreciated if you would be willing to post more frequently.
  • #8,176
  • Oct 18, 2012 4:30am Oct 18, 2012 4:30am
Hi all,

When i want to take a touch 10ema, if 35sma, 50ema or pivot are close to 10ema, is it better to wait for the next touch or bounce ? if yes so why ?

Thanks for reply
  • #8,177
  • Oct 18, 2012 4:50am Oct 18, 2012 4:50am
hi guys, been bumb into this thread few weeks before. i've read this which is great thread here,here some idea of mine:
in 5 min chart : 105 ma and 150 ma(35 and 50 ma in 15 min) 420 ma and 600 ma(35 ma and 50 ma on 1H)
in 15min chart: 140 ma and 200 ma(35 and 50 ma in 1H)

mainly trade 5 min, when the candle blow through 105 and 150 ma, change to 15min TF and look for trade that touch 140 and 200 ma.

not sure it works well or not, but im testing it on my demo

the chart attach on eu is 15 min and au is 5 min.

the vertical line is the entry point.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5.JPG Size: 113 KB
Click to Enlarge Name: eu15.JPG Size: 139 KB
  • #8,178
  • Oct 19, 2012 9:59am Oct 19, 2012 9:59am
weird day to trade today.

a bit about my modifications of the system:

after 5 good trades according to manual you should get out from trade for the day. what I did, I stopped treating be+1 and similar trades as successful. if a trade gave me less than 0,3% profit I don't count is as successfull.

I change the risk depending on how many indicators push me to entry.
usually it is 1% risk with 7 pips (of course sometimes I move sl behind nearest round number). but when I see few confirmations for entrance I double or triple position size with same pips on s/l(for example touch of bar on 35 sma on round number and price constraiment pushes me to use 2-3% risk by doubling or tripling position size) Therefore I don't look at profit in pips, but in %, as I can lose 30 pips at 1% risk (normal position size) and gain 20 pips at 3% risk (triple position size)

as I cannot trade 5 days a week, and trade only 1-4 days a week sometimes I treat London session and NY session as separate days, so I double the amount of successful trades I can get per day

Do you guys think I did the right thing by adjusting the system to myself? or shall I stick to manual no matter what?
On my way to financial independence - if others can do it - I can do it
  • #8,179
  • Oct 19, 2012 2:51pm Oct 19, 2012 2:51pm
There is nothing special about today's action. You should know that on fridays institutional traders like to take their profits, close trades..Best would be to take only perfect by the rules trades on such days but it only sounds easy. About your MM plan: do not complicate things but if it suits you go ahead.

Cheers

Quoting Eur Usd
weird day to trade today.

a bit about my modifications of the system:

after 5 good trades according to manual you should get out from trade for the day. what I did, I stopped treating be+1 and similar trades as successful. if a trade gave me less than 0,3% profit I don't count is as successfull.

I change the risk depending on how many indicators push me to entry.
usually it is 1% risk with 7 pips (of course sometimes I move sl behind nearest round number). but when I see few confirmations for entrance I double or triple position size with...
  • #8,180
  • Oct 21, 2012 12:27pm Oct 21, 2012 12:27pm
Quoting Eur Usd
weird day to trade today.

a bit about my modifications of the system:

after 5 good trades according to manual you should get out from trade for the day. what I did, I stopped treating be+1 and similar trades as successful. if a trade gave me less than 0,3% profit I don't count is as successfull.

I change the risk depending on how many indicators push me to entry.
usually it is 1% risk with 7 pips (of course sometimes I move sl behind nearest round number). but when I see few confirmations for entrance I double or triple position size with same...
I believe that pros that vary their size knows quantitatively what is their edge for different scenarios. For you case, do you know what is your average RR for certain setups for perhaps the last 6 months? If you can't answer that then there is no point varying the lot size. Find that out 1st then you will decide on your lot size with a clear head, not plucking numbers off the air.
Riding the order flow
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