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CHOROS System

  • #8,981
  • Mar 12, 2013 4:08pm Mar 12, 2013 4:08pm
Quoting kk007
Seems to me no Choros/Dance setup another day again for the 2 main pairs EU and GU.
can't remember now, but I think I found a few today on GU and it was about 25pips
did almost 3% profit today anyway
On my way to financial independence - if others can do it - I can do it
  • #8,982
  • Mar 12, 2013 4:28pm Mar 12, 2013 4:28pm
Quoting Eur Usd
can't remember now, but I think I found a few today on GU and it was about 25pips
did almost 3% profit today anyway
No comment.
  • #8,983
  • Mar 12, 2013 5:32pm Mar 12, 2013 5:32pm
Quoting kk007
No comment.

???
On my way to financial independence - if others can do it - I can do it
  • #8,984
  • Mar 13, 2013 4:09am Mar 13, 2013 4:09am
Keep dancing CHOROS traders

One thing recently that has helped me become a better trader was a follower of this thread contacted me and now we regularly talk over skype and take CHOROS trades. Being in the same age group (early 20's) and same ethnic background helped us connect and help each other grow more confident. Also having a second opinion helps filter out bad trades. Trading can be a lonely thing, days which nothing seems to be going right can be very stressful and can stunt your trading growth. Having someone to talk to instantly helps with those days.

Just felt like sharing something that has helped me become a better trader and I hope somewhere someone else can utilize this.

bonne chance
  • #8,985
  • Mar 13, 2013 4:14am Mar 13, 2013 4:14am
I start loosing faith in any system recently, and as I wasn't career oriented I start thinking about becoming corporation rat. I work for big international corporation but when my manager gave me application for some fast track programme to become middle level manager I refused applying as there are more important things that career and money. now I keep thinking about quitting forex and establishing some small side business and/or starting to climb up in the company
On my way to financial independence - if others can do it - I can do it
  • #8,986
  • Mar 13, 2013 4:45am Mar 13, 2013 4:45am
Quoting Acroix70
Keep dancing CHOROS traders

One thing recently that has helped me become a better trader was a follower of this thread contacted me and now we regularly talk over skype and take CHOROS trades. Being in the same age group (early 20's) and same ethnic background helped us connect and help each other grow more confident. Also having a second opinion helps filter out bad trades. Trading can be a lonely thing, days which nothing seems to be going right can be very stressful and can stunt your trading growth. Having someone to talk to instantly helps...
I am also following this system for sometime now.... why dont we start discussing the trades here in ff... i belive that would be more interactive
  • #8,987
  • Mar 13, 2013 5:15am Mar 13, 2013 5:15am
Quoting Sumit
I am also following this system for sometime now.... why dont we start discussing the trades here in ff... i belive that would be more interactive
I will try to make the effort to post more but with forums it is really slow compared to the instant communication of skype.

I'll make it a point to screen shot my trades and post them to help newer people

Also if anyone would like to contact me to talk about CHOROS feel free to message me, i know a lot of people follow the thread but don't post so some insight helps.
  • #8,988
  • Mar 13, 2013 5:18am Mar 13, 2013 5:18am
Quoting Acroix70
I will try to make the effort to post more but with forums it is really slow compared to the instant communication of skype.

I'll make it a point to screen shot my trades and post them to help newer people

Also if anyone would like to contact me to talk about CHOROS feel free to message me, i know a lot of people follow the thread but don't post so some insight helps.
Thanx Acroix, will appreciate that. i am still new to the system.. so hesitate to take the entries, which eventually proved out to be the winners...will look forward for your charts, and will try to post mine too
  • #8,989
  • Mar 13, 2013 5:52am Mar 13, 2013 5:52am
Quoting Acroix70
I will try to make the effort to post more but with forums it is really slow compared to the instant communication of skype.

I'll make it a point to screen shot my trades and post them to help newer people

Also if anyone would like to contact me to talk about CHOROS feel free to message me, i know a lot of people follow the thread but don't post so some insight helps.
That would be awesome, are you trading the regular dance rules on m15? When did you start to trade with these rules, and how long did it take for you to be consistency profitable? Just curious about the dance journeys from other people, as i'm still a newbie aswell in forex (started 1 year ago) and especially with this strategy. It helps to motivate people
  • #8,990
  • Mar 13, 2013 5:58am Mar 13, 2013 5:58am
Quoting Acroix70
I will try to make the effort to post more but with forums it is really slow compared to the instant communication of skype.

I'll make it a point to screen shot my trades and post them to help newer people

Also if anyone would like to contact me to talk about CHOROS feel free to message me, i know a lot of people follow the thread but don't post so some insight helps.
Do you have any M15 setup for EU or GU for the past few days?
  • #8,991
  • Mar 13, 2013 7:00am Mar 13, 2013 7:00am
Quoting kk007
Do you have any M15 setup for EU or GU for the past few days?

now this is so true. it is hard to find good setup, you have to stare at screen for hours sometimes which is boring and it's easy to miss the setup. I think about finding another system for sideways market and stick to Dance only on strong bull/bear
On my way to financial independence - if others can do it - I can do it
  • #8,992
  • Mar 13, 2013 7:06am Mar 13, 2013 7:06am
Quoting Eur Usd
now this is so true. it is hard to find good setup, you have to stare at screen for hours sometimes which is boring and it's easy to miss the setup. I think about finding another system for sideways market and stick to Dance only on strong bull/bear
It is no longer so difficult to me to keep monitering the several pairs over London session now, after practise again and again.
The problem is that I can't find any good setups for several days, which is frustrating, and make it impossible to trade for a living, if it goes on like this.
  • #8,993
  • Mar 13, 2013 7:08am Mar 13, 2013 7:08am
Quoting kk007
It is no longer so difficult to me to keep monitering the several pairs over London session now, after practise again and again.
The problem is that I can't find any good setups for several days, which is frustrating, and make it impossible to trade for a living, if it goes on like this.
well I noticed that last few months were difficult except some days when the market moves up/down.
On my way to financial independence - if others can do it - I can do it
  • #8,994
  • Mar 13, 2013 7:27am Mar 13, 2013 7:27am
Quoting Eur Usd
well I noticed that last few months were difficult except some days when the market moves up/down.
I think this is a major problem with most traders, they find a system they like and follow it to the death. But when it has its down moments it gets frustrating

The market is a beast and you have to be flexible. Its like the E/J today during the London opening, it was ranging between MA's and their really wasn't any pure by the book CHOROS trades. Yet using the MA's as S/R zones I managed to take some pips away from the otherwise zero trade market. FOR ME and i put it in caps because this is personal I have to take money from the market regardless of conditions due to being a full time trader. I know everyone is different and have different needs which play a big part in being "full time".

What I am getting at is systems are like tools, CHOROS teaches us the link between MA's and price action and how to trade that link. But at certain times, like a ranging porcupine market CHOROS won't produce many trades. Does that mean its a bad system? No way its a wonderful one and I can credit it with making me a better trader. But like we French say, you have to have a diverse répertoire. For some people filtering out non trade days is monitoring multiple currency's but personally I watch the E/J and trade accordingly.

I hope this adds a perspective to things
  • #8,995
  • Mar 13, 2013 7:34am Mar 13, 2013 7:34am
Quoting Acroix70
I think this is a major problem with most traders, they find a system they like and follow it to the death. But when it has its down moments it gets frustrating

The market is a beast and you have to be flexible. Its like the E/J today during the London opening, it was ranging between MA's and their really wasn't any pure by the book CHOROS trades. Yet using the MA's as S/R zones I managed to take some pips away from the otherwise zero trade market. FOR ME and i put it in caps because this is personal I have to take money from the market regardless...
can you share your story please - about being full time trader and how you get there? amounts you invested if possible, if not, daily profit in % ;-)
On my way to financial independence - if others can do it - I can do it
  • #8,996
  • Mar 13, 2013 7:37am Mar 13, 2013 7:37am
I took the bounce off the RN on EU an hour ago, and exited just before the news. It's not an entirely Dance trade either, but it has a really strong S&R as you can see on the last few days. As i'm reading through the original thread, i see that Clay is not only taking trades based on the lines, but also on strong RN's & S&R.

I trailed it up with the Dance rules on my m1 chart, it gave me a total of +14 with 2 trades. SL was 7 pips. The exit happened to be aswell on the touch of m15/10 & m1/200.
  • #8,997
  • Mar 13, 2013 7:38am Mar 13, 2013 7:38am
Quoting Acroix70
I think this is a major problem with most traders, they find a system they like and follow it to the death. But when it has its down moments it gets frustrating

The market is a beast and you have to be flexible. Its like the E/J today during the London opening, it was ranging between MA's and their really wasn't any pure by the book CHOROS trades. Yet using the MA's as S/R zones I managed to take some pips away from the otherwise zero trade market. FOR ME and i put it in caps because this is personal I have to take money from the market regardless...
Would you mind telling how consistent is your trading now?
  • #8,998
  • Mar 13, 2013 8:24am Mar 13, 2013 8:24am
Quoting Eur Usd
can you share your story please - about being full time trader and how you get there? amounts you invested if possible, if not, daily profit in % ;-)
I was a started trading live my 2nd year of college (Finance) after a shattered ankle stopped my sports career. I started with a small 1k usd account and begun to understand the feeling of trading real money. I built that account to about 1500 when i killed it down to 700 because i made the mistake of not having a SL and being afraid of closing a losing position. Most people would have be discouraged by that but it taught me a lot and i continued to research trading fanatically and refunded my account back to 1k. During the start of my 4th year I finally said fuck it and quit college and sold my Audi to fund my full time account. I started with about 22k and had a trading plan of trading 1 lot with a goal of 100 pips a week. That goal of 100 pips is still the same but obviously my lot size has grown. That was a years and a half ago and I am still trading full time


When it comes to daily % and consistency people expect you to make a claim to consistent %'s but in reality you take what the market gives you. Some days i can make 5% or even 10% other days when we have small ranges I am lucky to even make 1%.
  • #8,999
  • Mar 13, 2013 8:39am Mar 13, 2013 8:39am
Quoting Acroix70
That was a years and a half ago and I am still trading full time
Nice story and you got a photo to prove it (Euros on the bed......)

You earned your first vouch my friend!
  • #9,000
  • Mar 13, 2013 8:39am Mar 13, 2013 8:39am
Quoting Acroix70
I was a started trading live my 2nd year of college (Finance) after a shattered ankle stopped my sports career. I started with a small 1k usd account and begun to understand the feeling of trading real money. I built that account to about 1500 when i killed it down to 700 because i made the mistake of not having a SL and being afraid of closing a losing position. Most people would have be discouraged by that but it taught me a lot and i continued to research trading fanatically and refunded my account back to 1k. During the start of my 4th year...

and how did it happen that you're in USA?
any tips for me (and others) about topping up dance with other rules?
if kostas doesn't want us to spam here, we can move to: http://www.forexfactory.com/showthread.php?t=412433
I fucked again today. I really need to find a different system for flat days and educate myself more
On my way to financial independence - if others can do it - I can do it
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