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CHOROS System

  • #9,021
  • Mar 13, 2013 10:47am Mar 13, 2013 10:47am
Quoting kk007
So, the EU setup today before news should be skipped.
I can't see one good M15 setup for EU/GU for a week.
Do you trade other pairs?
  • #9,022
  • Mar 13, 2013 1:40pm Mar 13, 2013 1:40pm
Quoting kk007
So, the EU setup today before news should be skipped.
I can't see one good M15 setup for EU/GU for a week.
I don't trade dance anymore, but you are really over thinking things. Doing a quick browse of EU/EJ over the last week with the dance EMA's, I see several very good setups.
What is any ocean but a multitude of drops?
  • #9,023
  • Edited 6:02pm Mar 13, 2013 5:50pm | Edited 6:02pm
Quoting Xhale
I don't trade dance anymore, but you are really over thinking things. Doing a quick browse of EU/EJ over the last week with the dance EMA's, I see several very good setups.
How over thinking?
I was actually talking about last 5 trading days not last week
and EU/GU... not EU/EJ.
And I was talking about setup during London session not 24x5.
I can't do 24x5 and setup outside London session may not reliable.
And I know you have given up trading this method..
  • #9,024
  • Mar 13, 2013 5:53pm Mar 13, 2013 5:53pm
Quoting Acroix70
Do you trade other pairs?
EU and GU is the most liquid ones with tightest spread.
Many people advise to concentrate on 1 pair.
I do watch EJ but the volitality of EJ is a bit higher.
For discussion on this thread, I concentrate on EU and GU.
And I concentrate on discuss M15, because it is the original method..
and I was adviced to work with the original method until success before using other variations.
  • #9,025
  • Mar 14, 2013 12:44am Mar 14, 2013 12:44am
Hello dancers!

Here is H1/10 trade I took yesterday night .
I have seen that after big moves like yesterday
H1/10 trades have good possibilities.
I took this trade and left the pc until the morning.
Hopefully the s.loss survived !
Again many thanks to Arha for his advise
about tight ema's !
You see at the chart the moment of entry.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.png Size: 4 KB
  • #9,026
  • Mar 14, 2013 12:52am Mar 14, 2013 12:52am
Buy gu @ 1.4939 sl @ 1.4329
i believe its a touch trade on 15 m for 35 sma, at the same time it touched 10 ema in 1 hr
Please correct me if i am wrong.
  • #9,027
  • Mar 14, 2013 1:00am Mar 14, 2013 1:00am
Quoting kk007
How over thinking?
I was actually talking about last 5 trading days not last week
and EU/GU... not EU/EJ.
And I was talking about setup during London session not 24x5.
I can't do 24x5 and setup outside London session may not reliable.
And I know you have given up trading this method..
I am talking about setups during London as well. Last 5 days, last week, it's all the same. There are plenty of dance setups daily on a variety of pairs. EU/GU/EJ/GJ/UC/UJ/etc......
What is any ocean but a multitude of drops?
  • #9,028
  • Mar 14, 2013 1:04am Mar 14, 2013 1:04am
Quoting Xhale
I am talking about setups during London as well. Last 5 days, last week, it's all the same. There are plenty of dance setups daily on a variety of pairs. EU/GU/EJ/GJ/UC/UJ/etc......
Can you show 2 of them, please (M15, EU/GU)?
  • #9,029
  • Mar 14, 2013 1:11am Mar 14, 2013 1:11am
Quoting Sumit
Buy gu @ 1.4939 sl @ 1.4329
i believe its a touch trade on 15 m for 35 sma, at the same time it touched 10 ema in 1 hr
Please correct me if i am wrong.
moved to be +1

sl done
  • #9,030
  • Mar 14, 2013 3:22am Mar 14, 2013 3:22am
Waited a week to find a very good M15 setup... steep EMA10 supported with pinbar price action.

But failed
Attached Image
  • #9,031
  • Mar 14, 2013 3:24am Mar 14, 2013 3:24am
I am looking for a new method that will handle this market situation (ANY SUGGESTIONS? what Should I focus on?). Dance is good but doesn't work recently.
plus I am thinking about some side business that will lead me to full time, as I loose faith in getting rich in forex and I want to be independent (ish).
On my way to financial independence - if others can do it - I can do it
  • #9,032
  • Mar 14, 2013 4:29am Mar 14, 2013 4:29am
Can you guys please cut the crap about that THIS strategy ain't working anymore. Many people have proven already if approached in the right way, it works. As a matter of fact, most strategies do. I believe it's already explained a hundred of times by several people, and you guys are just really demotivating other newcomers (me for example).

If you want to do something else than trading, that's fine. But there's no need to discuss that here. Kostas already mentioned it in his first post "I would like to keep this place clean with the same strict rules that the original thread had."

And on a side note kk007, i don't really understand why you are still wondering the same as 3 years ago...
http://www.forexfactory.com/showthread.php?t=260052

If people switched to a different strategy after a while, it doesn't right off the bat means the dance doesn't work. Perhaps they found a way that suits their trading better. I'm sure Endroute can confirm that part.

Eventho i recently registered myself here with good hopes of discussing charts with other motivated traders/followers, i'm already considering backing off like most people did and continue studying in the background. Since i only sense a negative morale here, and it's not improving my trading skills in any way.
  • #9,033
  • Mar 14, 2013 4:31am Mar 14, 2013 4:31am
Quoting Mones
...Kostas already mentioned it in his first post "I would like to keep this place clean with the same strict rules that the original thread had."

...
and your post is the longest in this thread LOL
On my way to financial independence - if others can do it - I can do it
  • #9,034
  • Edited 5:14am Mar 14, 2013 5:03am | Edited 5:14am
Quoting Mones
i don't really understand why you are still wondering the same as 3 years ago...
http://www.forexfactory.com/showthread.php?t=260052
If you don't understand, you don't understand.
You just like people always talk about how good this system (but disappear after a while)?
I just point out the system as it is, no setups for days, and the one I find after that is a loser.
Almost all trades posted here are winners, can't you tolerate even a loser is posted here?
Where are the many people who have "proved" this method now?
Can we be honest instead of blindly positive?
Do you know why Eur_Usd is so frustrated now?
It is because he was blindly positive as many here in the past.
  • #9,035
  • Mar 14, 2013 5:12am Mar 14, 2013 5:12am
Quoting Eur Usd
I am looking for a new method that will handle this market situation (ANY SUGGESTIONS? what Should I focus on?).
.
Please open a new thread requesting a panacea method.

I want this thread clean from side discussions.



P.S. http://dictionary.reference.com/browse/panacea
  • #9,036
  • Mar 14, 2013 5:19am Mar 14, 2013 5:19am
Quoting kk007
Waited a week to find a very good M15 setup... steep EMA10 supported with pinbar price action.

But failed
I fail to see the pin bar that you say is supporting your move. Furthermore if any of you think that a single way of looking at the markets are going to give you trades day in and day out you are sadly mistaken. Being a successful trader means that you have a bag of tools, in this case ways of looking at the market and that you are also open minded. Furthermore just relying on EU and GU is a huge mistake, in fact I don't even trade those 2 pairs anymore, there are many other pairs that move consistently 50+ pips a day that you can grab 15/20 pips on
  • #9,037
  • Mar 14, 2013 5:22am Mar 14, 2013 5:22am
Quoting endroute
I fail to see the pin bar that you say is supporting your move.
Never mind I see what you are referring too, evidently I have not had enough coffee this am
  • #9,038
  • Mar 14, 2013 5:27am Mar 14, 2013 5:27am
Quoting endroute
just relying on EU and GU is a huge mistake
Thanks endroute...
kostas1 had been trading only these pairs for a long time and with consistent result.
Further earlier, he traded only GU for 30 pips a day...
So, I don't know....
  • #9,039
  • Mar 14, 2013 5:36am Mar 14, 2013 5:36am
Quoting kk007
Thanks endroute...
kostas1 had been trading only these pairs for a long time and with consistent result.
Further earlier, he traded only GU for 30 pips a day...
So, I don't know....
But even kostas moved down to the 5min charts to get trades. You can't blindly follow what someone else did 2 years ago and expect the same result, being a trader is about adapting, just like Kostas1 did.
  • #9,040
  • Mar 14, 2013 5:37am Mar 14, 2013 5:37am
Quoting kk007
Thanks endroute...
kostas1 had been trading only these pairs for a long time and with consistent result.
Further earlier, he traded only GU for 30 pips a day...
So, I don't know....
As I said a few days ago my list of favorites has changed from GU, EU, AU to GU, EU, EJ.....
Endroute's suggestion look interesting, I could make space for one more if he can give us a hint.
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