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CHOROS System

  • #8,741
  • Jan 8, 2013 2:49pm Jan 8, 2013 2:49pm
Quoting Ciara
Hi Kosta and fellows,

thank you for this excellent method you have introduced.

Below showing a couple of dances/trades taken today.

EJ short m1 TF
UJ short (put in m15 pespective, taken on m1 TF)

Trade smart,

Ciara
Welcome to the thread kitty,
It was about time somebody introduced new pairs in here. I was bored with my GU, EU deal
  • #8,742
  • Jan 8, 2013 4:20pm Jan 8, 2013 4:20pm
Quoting Whenever
Here is where I have still problems...

TP should have been the S/R Level ?
BE now or wait to "breath" ?
Trailing the M15 candles as Clay did ?
We are getting a lower low...what to do ?

Need still some experience in managing the trade....
I know that Master Kostas says: "take and run" and agree of course also with his concept, but how to "let it run" properly... ???



Edit: I moved at BE.... " Reduce the Risk, Whenever...reduce the risk... "
Took exactly same trade here, out +20.

Entry was probably for same reason as you.

For exit I was targeting D1 50, as it was so close. But I got impatient at the dojo bar.

Trailing never works for me, afterall, when you can get +15 a day, why do you need 100+ in one trade?
Attached Image (click to enlarge)
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  • #8,743
  • Jan 8, 2013 4:25pm Jan 8, 2013 4:25pm
Quoting kostas1
Welcome to the thread kitty,
It was about time somebody introduced new pairs in here. I was bored with my GU, EU deal
Do you find GU and EU too easy? In need of new challenge? You can always retire from trading and climb mount Everest you know, but do bring Bear Grylls with you on that trip for safety.
  • #8,744
  • Jan 9, 2013 12:08am Jan 9, 2013 12:08am
Quoting Darkforce
Do you find GU and EU too easy? In need of new challenge? You can always retire from trading and climb mount Everest you know, but do bring Bear Grylls with you on that trip for safety.


lol


P.S. Remember when Bear took a naked dive at -25C in a frozen lake? Guess who rescued him when he was stuck under the ice....
Not planning to leave GU, EU any time soon.
  • #8,745
  • Edited 12:46am Jan 9, 2013 12:32am | Edited 12:46am
Quoting kostas1
lol


P.S. Remember when Bear took a naked dive at -25C in a frozen lake? Guess who rescued him when he was stuck under the ice....
Not planning to leave GU, EU any time soon.
hi kostas1,

By the way, nowsday, do you almost always take boring familiar setups or bring new idea and challenge in taking setups?

kk007

P.S. FxPro keeps increase their spread, are you going to switch?
  • #8,746
  • Jan 9, 2013 12:47am Jan 9, 2013 12:47am
Quoting kk007
hi kostas1,

By the way, nowsday, do you almost always take boring familiar setups or bring new idea and challenge in taking setups?

kk007
It is never too boring, only familiar. But I am always open to new related ideas, for example, if there is an MA in a specific currency that reacts strongly I would like to know it....
  • #8,747
  • Jan 9, 2013 12:52am Jan 9, 2013 12:52am
Quoting kostas1
It is never too boring, only familiar. But I am always open to new related ideas, for example, if there is an MA in a specific currency that reacts strongly I would like to know it....
Thanks for replying.
By the way, FxPro keeps increase their spread, are you going to switch?
  • #8,748
  • Jan 9, 2013 2:07am Jan 9, 2013 2:07am
Quoting kk007

By the way, nowsday, do you almost always take boring familiar setups or bring new idea and challenge in taking setups?
mate, sitting at home on your ass and earning money in stead of digging holes or sitting in the office - it will never be boring ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,749
  • Jan 9, 2013 2:08am Jan 9, 2013 2:08am
btw, not sure how to trade today, as MAs seem to be flat on 1h and 15m, almost horizontal - any tips what to do in this situation? I even moved to 5m chart and still looks same for me
On my way to financial independence - if others can do it - I can do it
  • #8,750
  • Jan 9, 2013 3:44am Jan 9, 2013 3:44am
Quoting Eur Usd
btw, not sure how to trade today, as MAs seem to be flat on 1h and 15m, almost horizontal - any tips what to do in this situation? I even moved to 5m chart and still looks same for me
"When in doubt, stay OUT":nerd:
  • #8,751
  • Jan 9, 2013 3:52am Jan 9, 2013 3:52am
Quoting kostas1
"When in doubt, stay OUT":nerd:
I know ;-)
what do you do in situation like this? does it happen often? before when I was testing system it was or bull or bear market, now its sideways what confuses me.
Any additional setups?
On my way to financial independence - if others can do it - I can do it
  • #8,752
  • Jan 9, 2013 4:20am Jan 9, 2013 4:20am
Quoting kostas1
"When in doubt, stay OUT":nerd:


even 1 pip profit is a profit!!!
10 x 7 = 70.
Happy dancing!

Ciara
Ideas shape the course of history
  • #8,753
  • Jan 9, 2013 5:01am Jan 9, 2013 5:01am
Quoting kk007
Thanks for replying.
By the way, FxPro keeps increase their spread, are you going to switch?
Well Kostas and his withdrawals surely shranked FxPro capital...So they have to take some extra precautions to stay alive...

Today EU looked flat and not much space but GU seemed to be OK to trade, so my signal (short) was confluence of M15 200, H1 35/50/62, DP, D1 62, W1 10. Entered after M15 rejection bar at 09:45 GMT, TP +11 around RN..
  • #8,754
  • Jan 9, 2013 8:33am Jan 9, 2013 8:33am
Wow, that trade is up alot!
Also, your sell position was at the end of a harmonic ABCD pattern, adding extra confidence.
Attached Image (click to enlarge)
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  • #8,755
  • Jan 9, 2013 11:39am Jan 9, 2013 11:39am
Quoting kostas1
lol


P.S. Remember when Bear took a naked dive at -25C in a frozen lake? Guess who rescued him when he was stuck under the ice....
Not planning to leave GU, EU any time soon.
lol

You are the man!
  • #8,756
  • Jan 9, 2013 2:17pm Jan 9, 2013 2:17pm
Hello dancers!

Happy new year !
I was out of trading last month because of my day job.
Christmas time is too busy for my shop....
Now I am ready to start again!
I see most of you are very improved (about trading I mean)
Just remember how much your trading skills have improved
last year with choros ! It is something that it happens
slow & take time (for me) but it is real!
Anyway this is my second trade for 2013
(the first was a stupid loss).
Sold as m5/12 at 1.3075 & closed half position at +9 and the rest
at 1.3054 for 21pips.
many pips to all and again a wonderfull new year!
Attached Image
  • #8,757
  • Jan 10, 2013 1:59am Jan 10, 2013 1:59am
good morning everyone!
I continue with an early bird trade b4 L.O.
late entry but it is 10 pips. m5/12.
I think 3 bars before after m5 doji was the better entry
but I was afraid about h1/35-50 & h4/10 so, waited
to see the force of the move (broke of m5 pin bar).
anyway a risky trade I think.

second part is now at B.E. as a free trade..
Attached Image
  • #8,758
  • Jan 10, 2013 2:49am Jan 10, 2013 2:49am
Hi

Maybe somebody will point me a good direction. Attached 15m EUR/JPY chart of today's trade. Entry at green circle, exit by sl at red. Have I done something wrong here? I ask as recently I get it all the time. somehow in this sideways market I cannot trade with profits.
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On my way to financial independence - if others can do it - I can do it
  • #8,759
  • Jan 10, 2013 3:38am Jan 10, 2013 3:38am
and one more question. Attached picture shows that trend starts to go up. but there is also 200EMA which is supposed to be strong support. Which signal is more important? 10 EMA above 35/50 or 200 EMA which is above them all?
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On my way to financial independence - if others can do it - I can do it
  • #8,760
  • Jan 10, 2013 4:55am Jan 10, 2013 4:55am
Quoting Eur Usd
and one more question. Attached picture shows that trend starts to go up. but there is also 200EMA which is supposed to be strong support. Which signal is more important? 10 EMA above 35/50 or 200 EMA which is above them all?
My personal opinion: do not only care about EMAs and surely not only of 1 Time Frame.

Choros is a fantastic Strategy (not a System as Clay said always) to give us a further edge on the market, but I try to use it together with my further knowledge of the market. (I am not talking about Indis, there's an huge difference).

Several factors could be more important than a 10EMA above 35/50 on M15.
Levels and Trendlines of Higher TF, my compatriot Fibonacci, surely the behavior of the EMAs on higher TFs as well, difficult to answer I guess.

Moreover some thoughts about news ?
What if the move up of the last minutes is a trap for the coming news on 1pm Italy Time ?

I may be quite wrong (and the nice thing in trading is that you are quite allowed to be wrong as well), but I prefer to look at a confluence on Daily of the Ping Pong Level, of the RN and the EMA10 for the moment, with higher levels of SL and TP but with adeguate LotSizes of course, according to the own MM.

And acting on lower TFs only if the market will move accordingly.

Let's see.
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