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CHOROS System

  • #8,941
  • Mar 6, 2013 12:29pm Mar 6, 2013 12:29pm
Hello dancers!

Here is a (by - the - rules I believe) m5/12 trade I took today.
closed manual +10.
Attached Image (click to enlarge)
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  • #8,942
  • Mar 7, 2013 5:59am Mar 7, 2013 5:59am
Hi

Few questions regarding to entry and PA

1st: on attached picture I circled with red a bar that touches 50/35 EMA/SMA - when is the best entry point? I always enter as fast as it hits (or gets really close) to the MA. On the other hand it may go below right after. In the circled bar price was hitting and bouncing off quite a few times

2nd: the green circle shows double bottom with wicks (which I rarely trust anyway) - according to the manual it would be a good entry point (correct me if I am wrong) - the question is when? and here I hesitate. besides right after doing the pic second bar went down below the bottom
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On my way to financial independence - if others can do it - I can do it
  • #8,943
  • Mar 7, 2013 6:51am Mar 7, 2013 6:51am
Quoting Eur Usd
Hi

Few questions regarding to entry and PA

1st: on attached picture I circled with red a bar that touches 50/35 EMA/SMA - when is the best entry point? I always enter as fast as it hits (or gets really close) to the MA. On the other hand it may go below right after. In the circled bar price was hitting and bouncing off quite a few times

2nd: the green circle shows double bottom with wicks (which I rarely trust anyway) - according to the manual it would be a good entry point (correct me if I am wrong) - the question is when? and...
1st: If you want to do touch trade, you enter when price touch the line, if price doesn't, you can't trigger the trade. As simply as that.
2nd: Double bottom has to be at a swing low, which is not in the chart you shown.
  • #8,944
  • Mar 7, 2013 7:59am Mar 7, 2013 7:59am
Quoting kk007
1st: If you want to do touch trade, you enter when price touch the line, if price doesn't, you can't trigger the trade. As simply as that.
2nd: Double bottom has to be at a swing low, which is not in the chart you shown.

cheers mate :-)
On my way to financial independence - if others can do it - I can do it
  • #8,945
  • Mar 7, 2013 9:29am Mar 7, 2013 9:29am
kostas1

great thread
great consistancy
great trades

I do advise your system/thread to new traders.
Vouched for you
keep up the good work
walker.
  • #8,946
  • Mar 7, 2013 9:56am Mar 7, 2013 9:56am
Quoting stevewalker
kostas1

great thread
great consistancy
great trades

I do advise your system/thread to new traders.
Vouched for you
keep up the good work
walker.
Thanks man. Appreciate your vote!
  • #8,947
  • Mar 7, 2013 1:03pm Mar 7, 2013 1:03pm
added yout thread Link to my 1st page

http://www.forexfactory.com/showthread.php?t=388399

as

"A Good Trading System For Begginers & Experienced Traders credit goes to Kostas1
http://www.forexfactory.com/showthread.php?t=236210"

Quoting kostas1
Thanks man. Appreciate your vote!
  • #8,948
  • Edited 2:28pm Mar 7, 2013 1:56pm | Edited 2:28pm
AUD/USD +5 pips

Entered in MM touch, double bottom patern and strong bull candle (like a marubozo). Closed because of one LONG LEGGED DOJI appeared at resistance zone.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 84 KB
Pipoca Trader - O Estouro do Forex That's a joke!
  • #8,949
  • Mar 8, 2013 7:21am Mar 8, 2013 7:21am
Today is one of those days I find difficult to find any good Choros setup... for EU and GU
In fact, GU has been moving strangely this week for me.

Please let me know if anyone find good GU/EU setups for today!
  • #8,950
  • Mar 8, 2013 7:36am Mar 8, 2013 7:36am
Quoting kk007
Today is one of those days I find difficult to find any good Choros setup... for EU and GU
In fact, GU has been moving strangely this week for me.

Please let me know if anyone find good GU/EU setups for today!
I am not trading today, but seems like it is worth to try EUR/JPY
On my way to financial independence - if others can do it - I can do it
  • #8,951
  • Mar 9, 2013 3:27am Mar 9, 2013 3:27am
Hello dancers

Does anyone else take S/R trades based off MA's and whole numbers

I know this isn't apart of of the CHOROS system but lately I added it and its been a good addition on top of CHOROS.
  • #8,952
  • Mar 9, 2013 4:08am Mar 9, 2013 4:08am
Quoting Acroix70
Hello dancers

Does anyone else take S/R trades based off MA's and whole numbers

I know this isn't apart of of the CHOROS system but lately I added it and its been a good addition on top of CHOROS.
I never bother about s/r or pivot points as price gets thru them like knife over the butter.
I use round numbers only with price constrainments or together with SMA/EMA and will treat round number as suppport or resistance only if it hits and bounces back many times over many hours - then I will take a risk sometimes. but when I read on ff about the strong supports because of some hitorical price level etc - I don't believe. I trade what I see, not what had happened in the past and not what somebody wrote or said.
On my way to financial independence - if others can do it - I can do it
  • #8,953
  • Mar 9, 2013 7:17am Mar 9, 2013 7:17am
just curious guys - what leverage do you use?
I use 1:50
On my way to financial independence - if others can do it - I can do it
  • #8,954
  • Mar 9, 2013 7:31am Mar 9, 2013 7:31am
Quoting Eur Usd
just curious guys - what leverage do you use?
I use 1:50
Same, I am stuck in the US for now.

EUR/USD do you use skype? It would be nice to trade with somebody/get a second opinion during london/asia and london/ny
  • #8,955
  • Mar 9, 2013 8:02am Mar 9, 2013 8:02am
Quoting Acroix70
Same, I am stuck in the US for now.

EUR/USD do you use skype? It would be nice to trade with somebody/get a second opinion during london/asia and london/ny

No, I don't use skype, I don't even have facebook, twitter and rest of the silly profiles ;-)
but you can always PM me - if I am trading at home the response will be quick ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,956
  • Mar 9, 2013 10:16am Mar 9, 2013 10:16am
Quoting Eur Usd
No, I don't use skype, I don't even have facebook, twitter and rest of the silly profiles ;-)
If you don't use mobile phone, don't use email, don't use internet, I would truly admire you.
  • #8,957
  • Mar 9, 2013 11:00am Mar 9, 2013 11:00am
Quoting kk007
Today is one of those days I find difficult to find any good Choros setup... for EU and GU
In fact, GU has been moving strangely this week for me.

Please let me know if anyone find good GU/EU setups for today!
kk, you have right. The only choros set up I can see on Friday (after the fact)
is this m5/12 set up for 5-6 pips....
Attached Image
  • #8,958
  • Mar 9, 2013 11:01am Mar 9, 2013 11:01am
Quoting kk007
If you don't use mobile phone, don't use email, don't use internet, I would truly admire you.
I use them, but it is something different. I don't like all these social pages where people write all sort of bullshit (express themselves if you prefer) and collect "friends" ;-) and send all these silly games invitations - I just don't really need it. Plople that want to be in contact with me (real friends not some fake numbers in your contact list) know how and where to find me ;-)
so I really don't need it
On my way to financial independence - if others can do it - I can do it
  • #8,959
  • Mar 9, 2013 4:56pm Mar 9, 2013 4:56pm
Quoting Eur Usd
I use them, but it is something different. I don't like all these social pages where people write all sort of bullshit (express themselves if you prefer) and collect "friends" ;-) and send all these silly games invitations - I just don't really need it. Plople that want to be in contact with me (real friends not some fake numbers in your contact list) know how and where to find me ;-)
so I really don't need it
That makes two of us
  • #8,960
  • Mar 10, 2013 6:59am Mar 10, 2013 6:59am
Quoting makonen
kk, you have right. The only choros set up I can see on Friday (after the fact)
is this m5/12 set up for 5-6 pips....
Probably max was 5-6 pips, if you have taken the setup.
However, 5 to 6 pip max is after the fact, and I wonder if you would taken at +5 or 6 pip or the trade would be a BE or even a loser finally?
Your SL might have been -10pip or more, would you take profit at +5 or 6 pip?
I have no idea how you would manage to profit from a trade like this....
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