Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

looks good to me (THANK YOU VERY MUCH CLAY) and something new as well. regarding to double tops/bottoms - the wicks don't seem to be even, and manual says they have to be exactly the same. anyway - when I see double top/bottom forming - when should I enter? I ask as many times they appeared to be fake and i.s.o. reversing were going same direction

edit: I found an answer - close of second bar of double top/bottom.
On my way to financial independence - if others can do it - I can do it
Quoting Eur Usd
looks good to me (THANK YOU VERY MUCH CLAY) and something new as well. regarding to double tops/bottoms - the wicks don't seem to be even, and manual says they have to be exactly the same. anyway - when I see double top/bottom forming - when should I enter? I ask as many times they appeared to be fake and i.s.o. reversing were going same direction

edit: I found an answer - close of second bar of double top/bottom.
Didn't Kostas just make a whole post about adapting making the system yours? Stop asking so many questions, open a chart, and do some backtesting. You'll learn far more from that than from having someone tell you what to do.
What is any ocean but a multitude of drops?
Quoting Xhale
Didn't Kostas just make a whole post about adapting making the system yours? Stop asking so many questions, open a chart, and do some backtesting. You'll learn far more from that than from having someone tell you what to do.
you're right, I talk too much ;-) - I'll try to improve
On my way to financial independence - if others can do it - I can do it
Thanks eclayf and kostas1 for posting. I would like to take this chance to address a few points to reply your last post.

1. Trading is not easy, it is difficult, not only emotion makes it difficult, but it is difficult technically even play it emotionless. It is easy to see it on the chart with all the hindsight price movement.

2. It is good to be positive, but it is not fully honest to highlight only winners and neglect all the losers in a trading method. And thus, I think we should allow people talking about losers here, instead of criticizing them.

3. About the chart and setups you posted, I have the comment below ( I don't know if there is any further discussion on them ).

a. GU: I found that you have mention GU has been a B**** lately and I agree with you,
b. EU: I did not see your posting of EU, not sure if you didn't find any good setups with it lately, as I would agree.
c. EJ: I did not know there is "one bar retrace entries" like that in Dance (Comment on next post)
d. AU: Want to comment on the scoop and 2-wicked setup (Next next post)
  • Post #9,065
  • Quote
  • Edited Mar 17, 2013 12:01am Mar 16, 2013 11:33pm | Edited Mar 17, 2013 12:01am
These are the EJ charts:

Figure 1:
As you said I don't know there is "one bar retrace entries" to EMA10 with such a tight distance in Dance method, I wonder if the 2 red-allow-pointed are loser examples.
Is the leftmost red-arrow-pointed a classic failure of 2 bar retracement to EMA10 + Round no. touch?

Figure 2:
I have 2 losers on EJ on the last 2 days, applying the idea of double bottom rejection. As pointed on the chart, the first double bottom was against EMA10, and the second is against H1.35/50 + H4.10 + RN 1.2500 + S/R (See red arrows)

As posted eariler:
http://www.forexfactory.com/showthre...19#post6514319
http://www.forexfactory.com/showthre...75#post6518375
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m96xa15l.jpg Size: 77 KB
Click to Enlarge Name: m96xa15l 2.jpg Size: 105 KB
AU Chart,

I wonder if the red arrows pointed the failure cases.
The first red arrow would be a possible scoop up entry?
The second red arrow pointed at a 2 long wick rejection against the EMA10, and should be a buy signal?
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.jpg Size: 102 KB
Quoting kk007
And thus, I think we should allow people talking about losers here, instead of criticizing them.
There was never criticism about posting losers here, in fact I said in the past that those are useful to pinpoint the intricacies of trading this way. Please feel free to post and discuss all your Dance/Choros related trades in this thread.
One more reply from Clay sent to my email.

KK has picked some really bad examples to dispute things with. Comments on the charts, and with this I'll let it drop. If anyone else wants to try to pick it apart, go ahead. Don't bother to learn price action setups, just stick to a "holy grail" and get killed. Price action is always king, the higher the time frame, the more likely it will work. On shorter time frames, stick with momentum "with the trade" entries.

If you really want to learn, setup an M15 chart and put on the tester and drop the averages totally and learn to trade exclusively price action for a while. You learn quick that way. The MA's were always "eye candy" as I said in the manual, they are a guide, not a commandment carved in granite with God's finger.

Endroute trades ONE ma on his charts, I have a friend who lookes for ONE SINGLE TYPE OF BAR on m15 to enter on "with the trend" and does ok. It's always been about training yourself to see what works for YOU. No one sees the charts the same as Endroute, or Kostas, or me, or anyone else. Everyone has life experiences that shape the way they "see" things. USE IT, master it, make it yours.

I won't interrupt the thread again Kostas, you're doing a wonderful job and your success is comment enough.
Attached Images
@KK007 - always when I see something goes worse with my method I grab dance manual and read it's rules. it helps. maybe try trading on m5? sometimes when I see no entry point on m15 I switch to m5 and find something - it's more like scalping, but few pips are better than nothing
On my way to financial independence - if others can do it - I can do it
Quoting kostas1
KK has picked some really bad examples to dispute things with.
Thanks for replying. I would like to point out that I am not trying to make up something to create argument here.
Perhaps, something is plain and simple to you is not so obvious to me.
I am looking at your comment, and I don't think I understand more than half of it.


Quoting kostas1
If you really want to learn, setup an M15 chart and put on the tester and drop the averages totally and learn to trade exclusively price action for a while. You learn quick that way. The MA's were always "eye candy" as I said in the manual, they are a guide, not a commandment carved in granite with God's finger.
Thanks for your suggestion. I will try at some point in my life.
Quoting Eur Usd
maybe try trading on m5? sometimes when I see no entry point on m15 I switch to m5 and find something - it's more like scalping, but few pips are better than nothing
If I can't master the M15 dance with the detailed manual,
do you think I can master M5 choros without a proper manual?
Yes, perhaps 1 is some bad examples, I have no experience in these tight distance 1 bar retracement to EMA10 setups. So, I have no idea what is a good setup.
For 2, you see the formation of the top wick only after the bar close. If a touch trade is taken you enter at the touch of the EMA10, one will not see the final bar formation of the second bar. I am not so sure if it is going to scoop down, but I can see price went down on hindsight..

http://www.forexfactory.com/attachme...8&d=1363513339
For the second loser, "1", I entered based on H1.35/50 + H4.10 + Round + S/R, the H1 35/50 was bending up at the moment of entry

http://www.forexfactory.com/attachme...9&d=1363513339
I can't argue with the one, I don't think I can make any intelligent argument.
I just feel the judgement is quite subjective.

http://www.forexfactory.com/attachme...0&d=1363513339

P.S. In fact, I wasn't able to completely understand the comments.
1. Is scoop up triggered at the touch of EMA10 rather than COB?
Quoting kostas1
There was never criticism about posting losers here, in fact I said in the past that those are useful to pinpoint the intricacies of trading this way. Please feel free to post and discuss all your Dance/Choros related trades in this thread.
Thanks kostas1 for clarifying.
After reading the discussion reply I become confuse which one has to be taken, exact touch of MA or COB (close of bar)? I know lose is part of the game, but if you have so many loses so does you lose your mental.
Quoting koi99
After reading the discussion reply I become confuse which one has to be taken, exact touch of MA or COB (close of bar)? I know lose is part of the game, but if you have so many loses so does you lose your mental.
If you found there are many loses posted in the recent discussion, I think you better re-read.
About mental thing, I would insist that it is difficult to win even trade with no emotion.
Of course, it is very easy to scan a chart and say where the winning setups are,
with all the hindsight shown on a historical chart.
I took this trade at touch of 10ema (green circle) and got only 8pips (red circle) - but got 1% profit
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 107 KB
On my way to financial independence - if others can do it - I can do it
and another just after, unfortunately I missed it
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 105 KB
On my way to financial independence - if others can do it - I can do it
and another nice one, almost 40 pips to catch
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 102 KB
On my way to financial independence - if others can do it - I can do it
0 traders viewing now