CHOROS System | Page 416 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #8,301
  • Nov 13, 2012 2:33am Nov 13, 2012 2:33am
nice one, took the same trade - nice rejection of ema 35/50 and daily support S1. took +10.5 pips. although aimed for 15 pips, accidentally move my stop too close to current price. the daily range was so narrow, it just had to break it!
not complaining though
Attached Image (click to enlarge)
Click to Enlarge Name: 13 november eurusd +10.5.gif Size: 20 KB
  • #8,302
  • Nov 13, 2012 2:34am Nov 13, 2012 2:34am
Quoting Eur Usd
I just made 2%, 15 pips caught on this one, but my entry was at 35SMA

I start getting my faith back after wrecking 2/3 of my account last week (greed kicked in and I started doing silly mistakes)
if something will make me financial independent is this system.
my plan is:

I am starting from 25quid,

first 3 months: to add 20 quid each month after having any profits at all
it will allow me to get used to raising account amount

After 3 months if I was getting at least 20% profit each month I will allow myself to charge my account with 100 quid....
Trading is not an easy straight road. I had never thought that I am that mentally weak before trading. It is very easy to write down an expontiental growth formula, but I have to stress it is not easy. I have seen many said finding an easy method to trade in these years. All of them disappeared after a while. Hope you are an exception.
  • #8,303
  • Nov 13, 2012 2:36am Nov 13, 2012 2:36am
Glad to see we 3 all got the same trade, this one is the only trade I taken today and yesterday.
  • #8,304
  • Nov 13, 2012 2:38am Nov 13, 2012 2:38am
Quoting kk007
Trading is not an easy straight road. I had never thought that I am that mentally weak before trading. It is very easy to write down an expontiental growth formula, but I have to stress it is not easy. I have seen many said finding an easy method to trade in these years. All of them disappeared after a while. Hope you are an exception.

I am mentally weak. I keep working on myself but it is hard. Take a look at my chart. last week I had 7% profit and then couldn't handle 3 losses in a row. I should stop trading for the day, but I did the very opposite.
That's why plan of adding cash to account will take a year
On my way to financial independence - if others can do it - I can do it
  • #8,305
  • Nov 13, 2012 2:40am Nov 13, 2012 2:40am
Quoting Eur Usd
I just made 2%, 15 pips caught on this one, but my entry was at 35SMA. green circle is entry, red is exit. I could ve got bit over 20 pips but lets not be greedy, I ve seen candle reversing.

I start getting my faith back after wrecking 2/3 of my account last week (greed kicked in and I started doing silly mistakes)
if something will make me financial independent is this system.
my plan is:

I am starting from 25quid,

first 3 months: to add 20 quid each month after having any profits at all
it will allow me to get used to raising account...
why would you top up your hard earned cash when you are making money? in my opinion, you should draw it from that account after some point. i mean, its ok to top up few 100 pounds when you are confident but essentially, its nice to at least get your initial capital out.
think thats what Kostas did too - pay himself a salary

all the best
  • #8,306
  • Nov 13, 2012 2:44am Nov 13, 2012 2:44am
Quoting tonny47
why would you top up your hard earned cash when you are making money? in my opinion, you should draw it from that account after some point. i mean, its ok to top up few 100 pounds when you are confident but essentially, its nice to at least get your initial capital out.
think thats what Kostas did too - pay himself a salary

all the best
trading with less than 5k if you want to see decent profit has no point. to earn good money with 100 Pounds account would be difficult if not impossible.
I get about 30% monthly so trading with small account for life would be only nursery game ;-)
besides once I'll see my money are safe (by good mm and sticking to rules) I won't be so affraid about them
On my way to financial independence - if others can do it - I can do it
  • #8,307
  • Nov 13, 2012 2:45am Nov 13, 2012 2:45am
Quoting tonny47
why would you top up your hard earned cash when you are making money? in my opinion, you should draw it from that account after some point. i mean, its ok to top up few 100 pounds when you are confident but essentially, its nice to at least get your initial capital out.
think thats what Kostas did too - pay himself a salary

all the best
I agree with tonny. Reduce the risk and make sure you are consistent first. Then if the account starts building, pay yourself even if it a small amount. Works miracles on the psychology.
  • #8,308
  • Nov 13, 2012 2:46am Nov 13, 2012 2:46am
Quoting kostas1
I agree with tonny. Reduce the risk and make sure you are consistent first. Then if the account starts building, pay yourself even if it a small amount. Works miracles on the psychology.

I get the idea now
On my way to financial independence - if others can do it - I can do it
  • #8,309
  • Nov 13, 2012 2:54am Nov 13, 2012 2:54am
Quoting kostas1
I agree with tonny. Reduce the risk and make sure you are consistent first. Then if the account starts building, pay yourself even if it a small amount. Works miracles on the psychology.
I am not sure if this method works for me. Perhaps, it is a bit personal. I don't have to see the real cash to feel trading for real. Some people wouldn't feel any emotional issues when trading demo, because it is not real cash. Nevertheless, I have been very stress when I seriously trade a demo. When I am serious demo money is like big money for me.. lol

P.S. Ok 1 hour break for news time.. be back later
  • #8,310
  • Nov 13, 2012 3:25am Nov 13, 2012 3:25am
now this one is a bit worrying:
entry at what seemed to be touch of 35 SMA (green circle). sl set on 7pips and moved behind 1,2690 line
and the price seems to be moving between 50 ema 25 sma
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #8,311
  • Nov 13, 2012 4:08am Nov 13, 2012 4:08am
Quoting Eur Usd
now this one is a bit worrying:
entry at what seemed to be touch of 35 SMA (green circle). sl set on 7pips and moved behind 1,2690 line
and the price seems to be moving between 50 ema 25 sma
the candle after would be a better entry
  • #8,312
  • Nov 13, 2012 4:11am Nov 13, 2012 4:11am
last one for today. eurjp +15.4 pips. nice pinbar with the help of ZEW economic sentiment
Attached Image (click to enlarge)
Click to Enlarge Name: 13 november eurjpy +15.4 ff.gif Size: 29 KB
  • #8,313
  • Nov 13, 2012 4:12am Nov 13, 2012 4:12am
Quoting tonny47
the candle after would be a better entry
so far caught 15 pip on it and going down ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,314
  • Nov 13, 2012 4:20am Nov 13, 2012 4:20am
Quoting Eur Usd
so far caught 15 pip on it and going down ;-)
well done, i was worried for a minute that you got stopped out with 7 pip SL as it moved up
  • #8,315
  • Nov 13, 2012 4:27am Nov 13, 2012 4:27am
Quoting tonny47
well done, i was worried for a minute that you got stopped out with 7 pip SL as it moved up
I always set 7pip sl which is equal to 1% risk and then go 3 pip behind nearest round number, so sometimes it gives 12 pips or so
On my way to financial independence - if others can do it - I can do it
  • #8,316
  • Nov 13, 2012 4:38am Nov 13, 2012 4:38am
Quoting Eur Usd
I always set 7pip sl which is equal to 1% risk and then go 3 pip behind nearest round number, so sometimes it gives 12 pips or so
ok, where do you take profit normally? where did you take profit on your last trade?
  • #8,317
  • Nov 13, 2012 4:43am Nov 13, 2012 4:43am
Quoting tonny47
ok, where do you take profit normally? where did you take profit on your last trade?
I usually set tp on 20 pips, and am trailing the trade.
when I see it goes well I go with tp to about 40 pips and trail with s/l so on reverse it hits s/l/ sometimes I stop it manually when I see price hesitates too long
On my way to financial independence - if others can do it - I can do it
  • #8,318
  • Nov 13, 2012 4:45am Nov 13, 2012 4:45am
Quoting Eur Usd
I usually set tp on 20 pips, and am trailing the trade.
when I see it goes well I go with tp to about 40 pips and trail with s/l so on reverse it hits s/l/ sometimes I stop it manually when I see price hesitates too long
so, did you take 20 pips on the latest eur/usd trade or you trailed your stop?
  • #8,319
  • Nov 13, 2012 4:47am Nov 13, 2012 4:47am
Quoting tonny47
last one for today. eurjp +15.4 pips. nice pinbar with the help of ZEW economic sentiment
Sorry what is this setup? Dance/Choros?
  • #8,320
  • Nov 13, 2012 4:47am Nov 13, 2012 4:47am
Quoting Eur Usd
so far caught 15 pip on it and going down ;-)
You took the 2nd 35/50 touch of M15 EU?
7 traders viewing now