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CHOROS System

  • #9,001
  • Mar 13, 2013 6:47am Mar 13, 2013 6:47am
Quoting Eur Usd
I fucked again today. I really need to find a different system for flat days and educate myself more
How the hell can you do -31% on 1 day with the dance rules?
  • #9,002
  • Mar 13, 2013 6:49am Mar 13, 2013 6:49am
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...
Thanks for sharing. Would you tell what trade you have taken these days?
  • #9,003
  • Mar 13, 2013 6:49am Mar 13, 2013 6:49am
Quoting Mones
How the hell can you do -31% on 1 day with the dance rules?
now this is the point. I trust the system too much sometimes, so I was widening the spread and now I keep hoping the trend will reverse. it went thru 1st and 2nd pivot support. I wrote more about my problems here: http://www.forexfactory.com/showthread.php?t=412433
besides my 7pips s/l somehow doesn't work anymore
On my way to financial independence - if others can do it - I can do it
  • #9,004
  • Mar 13, 2013 7:16am Mar 13, 2013 7:16am
Quoting Eur Usd
now this is the point. I trust the system too much sometimes, so I was widening the spread and now I keep hoping the trend will reverse. it went thru 1st and 2nd pivot support. I wrote more about my problems here: http://www.forexfactory.com/showthread.php?t=412433
besides my 7pips s/l somehow doesn't work anymore
You have 3 trades with a 130 pip SL? That doesn't have anything to do with "too much trust", more likely the total opposite. If you trail your trades by the rules, you would already been out with atleast BE+1. I took almost the same trade as you and trailed it on m1 to +14. Don't want to sound like a smartass, as you have more experience than me with this strategy, but i can't imagine a 130 SL is acceptable
  • #9,005
  • Mar 13, 2013 7:17am Mar 13, 2013 7:17am
Quoting Mones
You have 3 trades with a 130 pip SL? That doesn't have anything to do with "too much trust", more likely the total opposite. If you trail your trades by the rules, you would already been out with atleast BE+1. I took almost the same trade as you and trailed it on m1 to +14. Don't want to sound like a smartass, as you have more experience than me with this strategy, but i can't imagine a 130 SL is acceptable
I've no excuses - I suck
On my way to financial independence - if others can do it - I can do it
  • #9,006
  • Mar 13, 2013 7:28am Mar 13, 2013 7:28am
Quoting Eur Usd
I've no excuses - I suck
We should chat some time, i think talking to someone would help
  • #9,007
  • Mar 13, 2013 7:29am Mar 13, 2013 7:29am
Quoting kk007
Thanks for sharing. Would you tell what trade you have taken these days?
Lately with the EJ its been a lot of S/R scalping.

If someone could message me how to post charts i'll make an effort to post some trades
  • #9,008
  • Mar 13, 2013 7:30am Mar 13, 2013 7:30am
Quoting Acroix70
We should chat some time, i think talking to someone would help
you see the point is I don't see trading as a whole - I see it in a way: uhhh I just lost 2% (trading with proper setups, proper mm proper set s/l) and I need it back, and then higher risk starts - sometimes it works sometimes not ;-)
On my way to financial independence - if others can do it - I can do it
  • #9,009
  • Mar 13, 2013 7:39am Mar 13, 2013 7:39am
Quoting Acroix70
Lately with the EJ its been a lot of S/R scalping.

If someone could message me how to post charts i'll make an effort to post some trades
http://www.forexfactory.com/attachme...mentid=1075521
Please try
  • #9,010
  • Mar 13, 2013 7:59am Mar 13, 2013 7:59am
Another day no M15 setups for EU/GU?
  • #9,011
  • Mar 13, 2013 8:03am Mar 13, 2013 8:03am
Quoting kk007
Another day no M15 setups for EU/GU?
how about them? the second one was confirmed by good news from USA. I'd take it but was already in this silly long trade.
I can't trade, am bad trader, really close to give up and start doing something else. I just lack patience. Recently I am reading "4hrs working week" (http://www.fourhourworkweek.com/) book and think that maybe own online business is a good idea, just don't know what to trade yet
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On my way to financial independence - if others can do it - I can do it
  • #9,012
  • Mar 13, 2013 8:07am Mar 13, 2013 8:07am
Quoting Eur Usd
how about them? the second one was confirmed by good news from USA. I'd take it but was already in this silly long trade.
I can't trade, am bad trader, really close to give up and start doing something else. I just lack patience. Recently I am reading "4hrs working week" (http://www.fourhourworkweek.com/) book and think that maybe own online business is a good idea, just don't know what to trade yet
1. EMA10 too flat to trade
2. Choros setup confirmed by news? Choros can predict news direction?
  • #9,013
  • Mar 13, 2013 8:09am Mar 13, 2013 8:09am
Quoting kk007
Do you have any M15 setup for EU or GU for the past few days?
I took the following trades yesterday and today but I have not very much time
to post because I am stil at my shop and I am very busy this time
because of carnival days.
Every day there is a at least one choros 5m trade I think.
I am not a full time trader so I am still learning.
My 4 past months were profitable. (using mostly choros)
I try very hard to be patient and to take only AA trades.
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  • #9,014
  • Mar 13, 2013 8:10am Mar 13, 2013 8:10am
Quoting kk007
1. EMA10 too flat to trade
2. Choros setup confirmed by news? Choros can predict news direction?
1. I know it should have 45degrees, but been trading like that all the time and on flatter ones works as well
2. it is not part of choros but external confirmation. every day I intend to trade I check what news releases there will be.
On my way to financial independence - if others can do it - I can do it
  • #9,015
  • Mar 13, 2013 8:13am Mar 13, 2013 8:13am
Quoting kk007
Another day no M15 setups for EU/GU?
Not sure how to really interpret the "long bars", but AFAIK it doesn't necessarily need to have EXACTLY 2 bars for 35&50 touches. As long as it's not a bunched up pack of tiny bars slowly approaching. I'm screening m1 mainly with the m15 equilevants to find my entry points. And to me they seem pretty clear, however i still need to work on my trust for the lines to pull the trigger more often.

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  • #9,016
  • Mar 13, 2013 8:18am Mar 13, 2013 8:18am
Quoting Mones
Not sure how to really interpret the "long bars", but AFAIK it doesn't necessarily need to have EXACTLY 2 bars for 35&50 touches. As long as it's not a bunched up pack of tiny bars slowly approaching. I'm screening m1 mainly with the m15 equilevants to find my entry points. And to me they seem pretty clear, however i still need to work on my trust for the lines to pull the trigger more often.

Attachment
This it the third touch of M15 35/50, and so should be skipped.
  • #9,017
  • Mar 13, 2013 8:19am Mar 13, 2013 8:19am
Quoting makonen
I took the following trades yesterday and today but I have not very much time
to post because I am stil at my shop and I am very busy this time
because of carnival days.
Every day there is a at least one choros 5m trade I think.
I am not a full time trader so I am still learning.
My 4 past months were profitable. (using mostly choros)
I try very hard to be patient and to take only AA...
Thanks for posting.. I don't trade M5... and I don't know how to use this type of method to trigger a trade, it looks like a constrainment entry to me.
  • #9,018
  • Mar 13, 2013 8:21am Mar 13, 2013 8:21am
Quoting Eur Usd
1. I know it should have 45degrees, but been trading like that all the time and on flatter ones works as well
2. it is not part of choros but external confirmation. every day I intend to trade I check what news releases there will be.
1. But your success has been relied on a huge SL. So, I dont know if it work with reasonable SL.
2. You enter before news?
  • #9,019
  • Mar 13, 2013 8:46am Mar 13, 2013 8:46am
Quoting kk007
2. You enter before news?
never before. after when spread comes back to normal. It used to be my method some time ago that I was trading only on news. but then somebody big was proper messing with the market and the price was going against the news on US session (at least 30pips against), so I stopped
On my way to financial independence - if others can do it - I can do it
  • #9,020
  • Mar 13, 2013 8:56am Mar 13, 2013 8:56am
Quoting Eur Usd
never before. after when spread comes back to normal. It used to be my method some time ago that I was trading only on news. but then somebody big was proper messing with the market and the price was going against the news on US session (at least 30pips against), so I stopped
So, the EU setup today before news should be skipped.
I can't see one good M15 setup for EU/GU for a week.
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