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CHOROS System

  • #8,621
  • Dec 10, 2012 1:43pm Dec 10, 2012 1:43pm
Hi kostas,

is the EMA the same in M5 and M15 ??
  • #8,622
  • Dec 10, 2012 4:41pm Dec 10, 2012 4:41pm
Kostas: would you also share your

hit rate
&
avg. R:R on M5?

Also, do you often go beyond 10pips on M5 or do you always kill it after 5-10pips?
  • #8,623
  • Dec 10, 2012 6:02pm Dec 10, 2012 6:02pm
Quoting peperonnie
Hi kostas,

is the EMA the same in M5 and M15 ??
Please read the thread first, before asking questions that have been answered many times.....
  • #8,624
  • Dec 10, 2012 6:05pm Dec 10, 2012 6:05pm
Quoting Jkdt
Kostas: would you also share your
1. hit rate
&
2. avg. R:R on M5?

3. Also, do you often go beyond 10pips on M5 or do you always kill it after 5-10pips?
1. Don't keep track to this anymore, last time I checked was around 80%
2. Have no clue, never payed attention to this
3. I often kill it around 8-10, unless move is very strong, then I leave for 15-20p which is my daily quota.:nerd:
  • #8,625
  • Dec 10, 2012 6:39pm Dec 10, 2012 6:39pm
Quoting kostas1
1. Wait for scoop-up on lower TF (retrace to 10 and rejection)
2. If you mean constrainment, I very rarely trade those
3. Mostly 2 pairs (GU, EU). About 6-12 per week in M5. If you mean M15 setups then probably around 2-3 per week....

edit: here is a picture from my files
Many thanks for your answer..
Oh only 2-3 per week for M15 chart....
  • #8,626
  • Dec 11, 2012 12:16am Dec 11, 2012 12:16am
Quoting kostas1
1. Wait for scoop-up on lower TF (retrace to 10 and rejection)
2. If you mean constrainment, I very rarely trade those
3. Mostly 2 pairs (GU, EU). About 6-12 per week in M5. If you mean M15 setups then probably around 2-3 per week....

edit: here is a picture from my files

I think Kostas is taking crystal clear setups. I also strongly believe 2-3 setups should be sufficient. But, the waiting time can mess up the psychology. That's where I screw up mostly.
  • #8,627
  • Dec 11, 2012 9:55am Dec 11, 2012 9:55am
I am liking the CHOROS system and my monthly testing of it has gone well, 19% account growth so far. Trading makes these Russian winters just a little better, sitting with my devushka waiting for touch trades hahah.
  • #8,628
  • Dec 11, 2012 10:23am Dec 11, 2012 10:23am
After days without M15 Dance setups on EU and GU, there are a few today .
  • #8,629
  • Dec 11, 2012 11:13am Dec 11, 2012 11:13am
Quoting kostas1
If you mean M15 setups then probably around 2-3 per week....
That was my choros trading frequency too 2-3 per week mainly due to missed setups. I wonder how some of you successful ones can sit around the whole day and wait. I mean don't you feel bored, tired and finally burnt out?

With choros I am not mentally and technically as able I guess.
Riding the order flow
  • #8,630
  • Dec 11, 2012 11:35am Dec 11, 2012 11:35am
Quoting Binyamin
That was my choros trading frequency too 2-3 per week mainly due to missed setups. I wonder how some of you successful ones can sit around the whole day and wait. I mean don't you feel bored, tired and finally burnt out?

With choros I am not mentally and technically as able I guess.
This frequency was not due to lack of signals, but due to the fact that I mostly focusing on M5. Sometimes a really good M15 comes up and then I may take it.
You are correct about bored & tired. This is tough work and you have to fight with yourself. Don't believe those that say, it is a piece of cake. It does get easier with experience, but still it is not a job for everybody.
  • #8,631
  • Dec 11, 2012 8:23pm Dec 11, 2012 8:23pm
Quoting kostas1
This is tough work and you have to fight with yourself.


I agree there should be more than 2-3 M15 setups a week with the 2 pairs, although standard M15 setups don't show up every day, and for non-standard setups, there is no winrate guarantee.

May I ask you a few more questions?
1. What is the average size of your losers? How frequent is your losing day?
2. How many hours on average do you trade now?
3. I know you have posted some of your M5 methods in the last, may I know which M5 methods you are currently used?
e.g. Do you trade M5.12 on M5 chart like M15.10 on M15 chart when there is a clear trend?
Do you take scoop up trade with M15.10 sometimes?

cheers,
kk007
  • #8,632
  • Dec 12, 2012 1:31am Dec 12, 2012 1:31am
Quoting kk007


May I ask you a few more questions?
1. What is the average size of your losers? How frequent is your losing day?
2. How many hours on average do you trade now?
3. I know you have posted some of your M5 methods in the last, may I know which M5 methods you are currently used?
e.g. Do you trade M5.12 on M5 chart like M15.10 on M15 chart when there is a clear trend?
Do you take scoop up trade with M15.10 sometimes?

cheers,
kk007
1. Usually they are similar to my winners, 8-15 pips. Maybe 1-2 days every 2 weeks.
2. Same as before, London open to first 2 hrs of US open
3. Everything I use, is posted in the thread, nothing new. I trade only a few scoop-ups.
  • #8,633
  • Dec 12, 2012 3:49am Dec 12, 2012 3:49am
Quoting kk007
After days without M15 Dance setups on EU and GU, there are a few today .
try on M5 then, 10ema touches appear more often


Quoting Binyamin
I wonder how some of you successful ones can sit around the whole day and wait. I mean don't you feel bored, tired and finally burnt out?
what I do I switch the chart on, and I go wash dishes, prepare dinner, or watch film and just look at chart every few minutes.
I thade same time time as kostas1 and to be honest the best trades I had were 8-9am London session, and I already get my 3% daily target, so then I just do what I gotta do and look at chart every few minutes. no point staring at screen all the time
On my way to financial independence - if others can do it - I can do it
  • #8,634
  • Dec 12, 2012 4:27am Dec 12, 2012 4:27am
Hey guys, over the past few months, I have taken the time and read Clay's thread as well as this thread. I am not new to trading, but I was looking for another system to play around with, and this one really fit my trading style. Get in and get out in a relatively short period. I currently use Dredding82's Freebie System, which has really paved the road for me as far as my Forex journey goes and after almost 2 years, I still use it with great results.

Now, I am looking to expand my trading arsenal, after doing some research with a lot of other systems, the Choros System stands out and is a solid method with proved results from Kostas1 as well as all the other people that have posted in the thread. Kostas1, your success is extremely insperational, thank you for sharing your restuls and I look forward to posting some of my trades in the future. More than likely after the holidays. See you around!
Damn The Torpedoes, Full Speed Ahead!
  • #8,635
  • Dec 12, 2012 11:09am Dec 12, 2012 11:09am
Quoting DizzleFX
Hey guys, over the past few months, I have taken the time and read Clay's thread as well as this thread. I am not new to trading, but I was looking for another system to play around with, and this one really fit my trading style. Get in and get out in a relatively short period. I currently use Dredding82's Freebie System, which has really paved the road for me as far as my Forex journey goes and after almost 2 years, I still use it with great results.

Now, I am looking to expand my trading arsenal, after doing some research with a lot of...
DizzleFX,
With the danger of appearing inhospitable, if you have found a trading method that works for you, DO NOT CHANGE it.
On the other hand, thanks for your good words and we would love to have your CHOROS trades posted in here.
It's always nice to see somebody that has done his homework, had the patience to read both Clay's and this thread and only then start posting here. This is always a good sign that a trader will be successful.
  • #8,636
  • Dec 12, 2012 7:55pm Dec 12, 2012 7:55pm
Quoting kostas1
DizzleFX,
With the danger of appearing inhospitable, if you have found a trading method that works for you, DO NOT CHANGE it.
On the other hand, thanks for your good words and we would love to have your CHOROS trades posted in here.
It's always nice to see somebody that has done his homework, had the patience to read both Clay's and this thread and only then start posting here. This is always a good sign that a trader will be successful.
No plans on changing my my trading method, just adding another one to play with. No worries, you did not sound inhospitable, I understand what you mean.
Damn The Torpedoes, Full Speed Ahead!
  • #8,637
  • Dec 13, 2012 1:22pm Dec 13, 2012 1:22pm
A question for Kostas.

How do you generally treat the highlighted situation?

A close just outside the m5 12(so not a rejection) then pretty good pa with pinbars and close inside of m5 12.

No go?
Attached Image (click to enlarge)
Click to Enlarge Name: eu121212.gif Size: 31 KB
Swedish steel!
  • #8,638
  • Dec 13, 2012 1:42pm Dec 13, 2012 1:42pm
Quoting grovsnus
A question for Kostas.

How do you generally treat the highlighted situation?

A close just outside the m5 12(so not a rejection) then pretty good pa with pinbars and close inside of m5 12.

No go?
I am not trading that late in US, since I don't trust those hours. But assuming that this was normal trading hours, see the chart for what I would have done.
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.jpg Size: 142 KB
  • #8,639
  • Dec 13, 2012 1:55pm Dec 13, 2012 1:55pm
Quoting kostas1
I am not trading that late in US, since I don't trust those hours. But assuming that this was normal trading hours, see the chart for what I would have done.
Cheers mate!
Swedish steel!
  • #8,640
  • Edited 8:01pm Dec 13, 2012 7:16pm | Edited 8:01pm
Quoting kostas1
I am not trading that late in US, since I don't trust those hours. But assuming that this was normal trading hours, see the chart for what I would have done.
Thanks for sharing... but how would you target your profit for this one, if you target 10 pip and it did not meet, would you be BE or get a loser in this case?

Would you have an idea about how much the TP when entering or would wait to see? If latter, what would you think to make the final decision of when to exit?
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