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CHOROS System

  • #9,181
  • Apr 29, 2013 1:44pm Apr 29, 2013 1:44pm
Quoting Peepo
Short again GBPUSD with good Risk / Reward Ratio, a pseudo Pin Bar at 50 MA may help. BTW: where are the dancers, looks like am dancing alone. ... {image}
Close with another 10 Pips., I am starting to like this system very much
Attached Image (click to enlarge)
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  • #9,182
  • Apr 30, 2013 3:55am Apr 30, 2013 3:55am
I don't know if the markets have changed, but I've found myself doing much shorter trades this year, TPs of +10 generally. Here's my dance for tonight, EURUSD. Lovely pins from the 35/50.

Good to see the email from Clay a few pages back
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  • #9,183
  • Apr 30, 2013 5:47am Apr 30, 2013 5:47am
Quoting Peepo
{quote} Hello pipnu2me, I am new with The Dance, and only trading the MAs, not using PA yet, but I guess I NEED to watch PA and MAs for my entries.I wonder if you have that in mind?
Hi Peepo. I trade only in the morning, usually try to get started by 5:15 am. You have been busy since I posted. I usually trade the EUR/USD, but I don't like trading it when it remains so strongly rangebound. This morning I'm looking more at the EUR/JPY, and thought there was a possibility coming up, but that ended with the close of the last 15m candle. Will continue looking.
  • #9,184
  • Apr 30, 2013 6:08am Apr 30, 2013 6:08am
Quoting arha
I don't know if the markets have changed, but I've found myself doing much shorter trades this year, TPs of +10 generally. Here's my dance for tonight, EURUSD. Lovely pins from the 35/50. Good to see the email from Clay a few pages back {image}
With the slowing of all economies & in the absence of any significant and sustained breakouts of European economies in particular, everything has slowed down & opportunities for greater gains have become fewer. Since the election in Japan last year, and the commitment of the new Prime Minister and the new head of the Central Bank of Japan to weaken the Yen, the USD/JPY and the other Yen pairs have been moving up. Looks however as if the Yen hit a wall at USD/JPY=100. I'm hopeful.
  • #9,185
  • Apr 30, 2013 6:34am Apr 30, 2013 6:34am
Peepo...it's been a while since Ive done this. How are screenshots uploaded? How is the image captured so that it can be uploaded? Thanks.
  • #9,186
  • Apr 30, 2013 8:26am Apr 30, 2013 8:26am
Quoting pipnu2me
Peepo...it's been a while since Ive done this. How are screenshots uploaded? How is the image captured so that it can be uploaded? Thanks.

Hello pipnu2me, press "prt sc" of your keyboard, go to Paint (windows softaware) and press ctrl + v, to paste, save the image and the compure, and click upload from computer.

BTW, I see Nice formation in GBP/USD near a RN, what do you sugest?
Attached Image (click to enlarge)
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  • #9,187
  • Apr 30, 2013 8:27am Apr 30, 2013 8:27am
Quoting pipnu2me
{quote} Hi Peepo. I trade only in the morning, usually try to get started by 5:15 am. You have been busy since I posted. I usually trade the EUR/USD, but I don't like trading it when it remains so strongly rangebound. This morning I'm looking more at the EUR/JPY, and thought there was a possibility coming up, but that ended with the close of the last 15m candle. Will continue looking.
And could you grow up you balance with TheDance system?
  • #9,188
  • Apr 30, 2013 8:47am Apr 30, 2013 8:47am
this could be a very nice long, but I did not take it, some did?
Attached Image(s) (click to enlarge)
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  • #9,189
  • May 6, 2013 9:35am May 6, 2013 9:35am
A nice constrainment! I took + 29.8 with full lot and I am done for today!

Attached Image (click to enlarge)
Click to Enlarge Name: χωρίς τίτλο.JPG Size: 94 KB
You are allowed to fall but you are imposed to get up!
  • #9,190
  • May 6, 2013 9:43am May 6, 2013 9:43am
That was mine earlier. About 17p from this one.
Attached Image (click to enlarge)
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  • #9,191
  • May 6, 2013 9:46am May 6, 2013 9:46am
Quoting iero4
A nice constrainment! I took + 29.8 with full lot and I am done for today! {image}
Love the way constrainments explode with profit, but still have trouble trading them.....
Good job man!
  • #9,192
  • May 6, 2013 10:13am May 6, 2013 10:13am
Quoting iero4
A nice constrainment! I took + 29.8 with full lot and I am done for today! {image}
Hi, also took the same trade, In a constraintment how do you know where is going the price ?, can you draw in ur char where did you take the trade?
best regards!
  • #9,193
  • May 6, 2013 10:58am May 6, 2013 10:58am
I may be wrong, but it looks to me the move was caused by the news below
(Pay attention to the news time, when price dropped 23 pip in 1 minute GMT 14:24)

Draghi: ECB to examine EU data and is ready to act again
http://www.forexfactory.com/news.php?do=news&id=426243
  • #9,194
  • May 6, 2013 2:34pm May 6, 2013 2:34pm
Quoting Peepo
{quote} In a constraintment how do you know where is going the price ?, can you draw in ur char where did you take the trade? best regards!
I entered at 1.31004. It was not the best entry. The best entry would be at 1.3107 area but I missed it for few seconds due to family issues .


Attached Image (click to enlarge)
Click to Enlarge Name: χωρίς τίτλο.JPG Size: 113 KB
You are allowed to fall but you are imposed to get up!
  • #9,195
  • May 6, 2013 2:37pm May 6, 2013 2:37pm
Quoting kostas1
{quote} Love the way constrainments explode with profit, but still have trouble trading them..... Good job man!
Me too Kosta. I still have some trouble with constrainments but I usually manage to trade them succesfully. In my opinion they are the best and most safe signal of dance/choros strategy.

Happy trading to all of you!
You are allowed to fall but you are imposed to get up!
  • #9,196
  • May 7, 2013 2:34am May 7, 2013 2:34am
Quoting kostas1
That was mine earlier. About 17p from this one.
Question to Kostas. Your moving average seem different from mine. Can you tell me your MA setting with this pair EJ especially the pink , the brown, and that yellow brown one.
  • #9,197
  • May 7, 2013 4:18am May 7, 2013 4:18am
Quoting koi99
{quote} Question to Kostas. Your moving average seem different from mine. Can you tell me your MA setting with this pair EJ especially the pink , the brown, and that yellow brown one.
These are the M5 settings that I found work best for me. Have been mentioned several times in the thread. Here it is one more time.......
Important ones are EMA 12 and 23. These I use for bounce trades.
In the chart I also draw EMA 5, 50 and SMA 200 for reference.
  • #9,198
  • May 7, 2013 12:03pm May 7, 2013 12:03pm
One more example of EJ M5 that is becoming my workhorse this year (I still hate the 3 pip spread I get from my broker).
Attached Image (click to enlarge)
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  • #9,199
  • May 7, 2013 1:22pm May 7, 2013 1:22pm
Quoting kostas1
One more example of EJ M5 that is becoming my workhorse this year (I still hate the 3 pip spread I get from my broker). {image}
Hello Kostas1,
try other brokers http://www.myfxbook.com/forex-broker-spreads

i use admiral pro ecn 2 years with no complain

Wish you Best!
  • #9,200
  • May 8, 2013 12:17am May 8, 2013 12:17am
Hello, I hope you folks don't mind me asking something. I currently trade a price action system only on EUR/USD.

I've learned a lot about price action, but I am curious to take this experience and try it with this system on a demo, as it seems much more accurate.

But I have only ever traded EURUSD in New York and sometimes London sessions.

My question is how often would you guesstimate there is a setup during London or New York session on 15min EURUSD?

Thanks in advance
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