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CHOROS System

  • #8,201
  • Nov 1, 2012 5:36am Nov 1, 2012 5:36am
Missed nice trade on EJ after constrainment, but i don't care, don't rush to the market. I'll wait for constrainment now on EU and GU, or i'll miss some breakout. We'll see.
  • #8,202
  • Nov 1, 2012 5:59am Nov 1, 2012 5:59am
Quoting Rejep
Missed nice trade on EJ after constrainment, but i don't care, don't rush to the market. I'll wait for constrainment now on EU and GU, or i'll miss some breakout. We'll see.
I am not a constrainment guy but don't expect them in EU, GU during London & New York. They mostly appear in Late NY and Asian trading time.
  • #8,203
  • Nov 2, 2012 12:28am Nov 2, 2012 12:28am
Good morning treders,
Today I took an early bird trade on F.o. for 6 pips.
m15/10 & m5/23 touch.
many pips to all!
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  • #8,204
  • Nov 2, 2012 12:44am Nov 2, 2012 12:44am
Hi Makonen, congrats for your trade. I took the same trade here the different is I took at exact M5 10 so it cost me drawndown 6 pips. Do you enter the trade exact touch of moving average or wait a little bit until it retrace with your favor?
  • #8,205
  • Nov 2, 2012 6:12am Nov 2, 2012 6:12am
Quoting koi99
Hi Makonen, congrats for your trade. I took the same trade here the different is I took at exact M5 10 so it cost me drawndown 6 pips. Do you enter the trade exact touch of moving average or wait a little bit until it retrace with your favor?
thanx koi99.
Always I am waiting for confirmation.
  • #8,206
  • Nov 3, 2012 2:22am Nov 3, 2012 2:22am
Hi Makonen, I am now practicing on M5 touch trades for the past 2 months and following your posts on M5. I use "THV4 TzPivotsD" indicator which I got from choros thread earlier to get the daily pivot, S & R lines.From your EU M15 chart posted yesterday I found your line values are different from mine.My daily pivot=1.2949,Daily S1=1.2927,Daily S2=1.2913 & Daily S3=1.2891. I am not sure if my pivot indicator is accurate or not. What indicator you use to get your lines ?Thanks.
  • #8,207
  • Nov 3, 2012 7:11am Nov 3, 2012 7:11am
Hello Traders,

I have a question on an early exit: Would you kill your position on 15m before it hit your SL after the PA would show a pin bar in the opposite direction on the next or second next bar from your entry on the 15m, regardless of the pips gained/lost a that moment or would you still let it run? Thanks in advance.

Happy piphunting,

JK
  • #8,208
  • Nov 3, 2012 9:00am Nov 3, 2012 9:00am
Quoting Jkdt
Hello Traders,

I have a question on an early exit: Would you kill your position on 15m before it hit your SL after the PA would show a pin bar in the opposite direction on the next or second next bar from your entry on the 15m, regardless of the pips gained/lost a that moment or would you still let it run? Thanks in advance.

Happy piphunting,

JK
it probably depends on position size. I trade on small accounts so I won't loose much. my risk is 1% and acount is small so I never exit before the trade hits s/l
On my way to financial independence - if others can do it - I can do it
  • #8,209
  • Nov 3, 2012 10:12am Nov 3, 2012 10:12am
Quoting Eur Usd
it probably depends on position size. I trade on small accounts so I won't loose much. my risk is 1% and acount is small so I never exit before the trade hits s/l
So you are saying where you exit is influenced by how much you risk?

So in other words you are saying: how much you risk will determine what the market will do? I say you made a very ridiculous statement. It doesn't matter how you trade, the market is going to do what it wants to do.
Riding the order flow
  • #8,210
  • Nov 3, 2012 12:28pm Nov 3, 2012 12:28pm
Quoting Binyamin
So you are saying where you exit is influenced by how much you risk?

So in other words you are saying: how much you risk will determine what the market will do? I say you made a very ridiculous statement. It doesn't matter how you trade, the market is going to do what it wants to do.
you didn't understand me at all
On my way to financial independence - if others can do it - I can do it
  • #8,211
  • Nov 4, 2012 7:30am Nov 4, 2012 7:30am
EURUSD, thank you for your effort, but I understood it like Binyamin and I don't think the lot/account size matters. Anybody else?

Also, would you enter a perfect setup if the very previous bar was a solid pinbar?
  • #8,212
  • Nov 4, 2012 7:41am Nov 4, 2012 7:41am
Quoting Jkdt
EURUSD, thank you for your effort, but I understood it like Binyamin and I don't think the lot/account size matters. Anybody else?

Also, would you enter a perfect setup if the very previous bar was a solid pinbar?
lot size matters for your mentality. there is a difference between loosing 1 pip worth 1$and loosing 1 pip worth 100$
On my way to financial independence - if others can do it - I can do it
  • #8,213
  • Edited 10:28am Nov 4, 2012 10:18am | Edited 10:28am
Quoting Jkdt
EURUSD, thank you for your effort, but I understood it like Binyamin and I don't think the lot/account size matters. Anybody else?

Also, would you enter a perfect setup if the very previous bar was a solid pinbar?
If it's H1 or H4 pin bar, we shouldn't be trading against it. If it's a M15 pin bar I would ignore it if I'm taking a first touch, but for a second touch I would be really careful considering where that pin bar is appearing. To add more, we shouldn't be taking trades against H1, H4 Doji's as well.
  • #8,214
  • Nov 4, 2012 11:35am Nov 4, 2012 11:35am
EURUSD, I know what you mean, but that is not my approach. If I am confident about my statistical edge 1 pip is 1 pip. I don't even look at the $ of the position - its points/pips only.

2121: Yep, HTF are clear, hence was asking about same TF only. Thanks.
  • #8,215
  • Nov 4, 2012 1:24pm Nov 4, 2012 1:24pm
Quoting Eur Usd
lot size matters for your mentality. there is a difference between loosing 1 pip worth 1$and loosing 1 pip worth 100$
where is the difference between loosing 1$ on 100$ account or loosing 100$ on 10000$ account?
  • #8,216
  • Nov 4, 2012 2:19pm Nov 4, 2012 2:19pm
Quoting alexLV
where is the difference between loosing 1$ on 100$ account or loosing 100$ on 10000$ account?
percentage is the same, but for mentality of lots of traders it is huge difference.
On my way to financial independence - if others can do it - I can do it
  • #8,217
  • Edited 10:59pm Nov 4, 2012 7:08pm | Edited 10:59pm
Quoting Eur Usd
percentage is the same, but for mentality of lots of traders it is huge difference.
If you have problem with big figures then you might want to work on your psychology. Without it, all these knowledge can't help you. If you don't mind trading mini lots for the rest of you life then by all means stick to your original plan of trading small lots.

Edit: I have to add though that if you are new to choros do not put any live money into it. The failure rate here is very very high.
Riding the order flow
  • #8,218
  • Nov 4, 2012 11:35pm Nov 4, 2012 11:35pm
hello All,

I am new to this thread... can someone pls send me the templates and indicators used for this CHOROS system?

thanks in advance.
  • #8,219
  • Nov 4, 2012 11:59pm Nov 4, 2012 11:59pm
Quoting alij79
hello All,

I am new to this thread... can someone pls send me the templates and indicators used for this CHOROS system?

thanks in advance.

they are on first page of this thread
On my way to financial independence - if others can do it - I can do it
  • #8,220
  • Nov 5, 2012 1:46am Nov 5, 2012 1:46am
Quoting learnerfx
Hi Makonen, I am now practicing on M5 touch trades for the past 2 months and following your posts on M5. I use "THV4 TzPivotsD" indicator which I got from choros thread earlier to get the daily pivot, S & R lines.From your EU M15 chart posted yesterday I found your line values are different from mine.My daily pivot=1.2949,Daily S1=1.2927,Daily S2=1.2913 & Daily S3=1.2891. I am not sure if my pivot indicator is accurate or not. What indicator you use to get your lines ?Thanks.
yes, learnerfx there are diferencies because of my time settings....
I also look at www.actionforex.com to check again the values...
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