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CHOROS System

  • #9,641
  • Sep 25, 2013 7:47am Sep 25, 2013 7:47am
Quoting Eur Usd
{quote} I was wrong and it's doing higher high, got to 133.4x
EURJPY should at least come within 132.31 for me to start even considering buying it
  • #9,642
  • Sep 25, 2013 8:09am Sep 25, 2013 8:09am
Quoting tafadzwa02
{quote} EURJPY should at least come within 132.31 for me to start even considering buying it
I was predicting short, and I thought it will drop down about 40-60 pips from 132.80, but I was judging it only based on price info from ff. I've seen price consolidation between 132.80 and 133.20, and it was narrowing towards 132.80 which in theory should be signal to short. now it got out from range, and it went up. It may be only fakeout or continuation of consolidation, one never knows. I am off from trading till Monday anyway ;-)
On my way to financial independence - if others can do it - I can do it
  • #9,643
  • Sep 25, 2013 11:08am Sep 25, 2013 11:08am
Hello dancers,

This is a rather risky trade I took this afternoon when eu bounced from h1/10 & m15/35 & m15/50
and confirmed from m5/12 touch.
Attached Image
  • #9,644
  • Sep 27, 2013 3:06pm Sep 27, 2013 3:06pm
Hallo dancers,
im trying to educate myself on choros. Rear bothe the simple dance m1 and m15. The wealth of information available through the toc list has me confused. Where do you think i should focus for now. Ive been trading on and off for 3 years without success. I like the keep it simple approach that choros dictates. How should i approach this, read the revised updated docs or go with the originals?
have a great weekend.
  • #9,645
  • Sep 28, 2013 1:41am Sep 28, 2013 1:41am
Quoting achille66
Hallo dancers, im trying to educate myself on choros. Rear bothe the simple dance m1 and m15. The wealth of information available through the toc list has me confused. Where do you think i should focus for now. Ive been trading on and off for 3 years without success. I like the keep it simple approach that choros dictates. How should i approach this, read the revised updated docs or go with the originals? have a great weekend.
I'd read just last update on manual, but whichever you read it is fine. the biggest difference is lack of 5 ema in later manuals.
you should focus on proper mm and learn some basic PA patterns. practice a lot on demo
good luck

http://www.chatzy.com/31231809696996 - choros chat
On my way to financial independence - if others can do it - I can do it
  • #9,646
  • Sep 28, 2013 12:44pm Sep 28, 2013 12:44pm
Thank you eurusd, plan to practice demo and come back with questions.
  • #9,647
  • Sep 29, 2013 4:01pm Sep 29, 2013 4:01pm
EUR/JPY daily chart - price touches 35/50
On my way to financial independence - if others can do it - I can do it
  • #9,648
  • Sep 30, 2013 7:29am Sep 30, 2013 7:29am
Dear dancers , Iīm back !


Hereīs my first trade .
EJ ..
Not really a good touch trade, because there were too many candles to reach the Ema 10 in M15.

But in M5 is a bottom around 13220. I took it as a invisible support.


EDIT : It hesitated too much for my taste, I kicked it out with 8 pips profit.
... good enough for a little trade. Iīm done !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 30.9.2013.png Size: 40 KB
Click to Enlarge Name: eurjpycm5.png 30.9.2013.1.png Size: 45 KB
Risiko birgt immer auch die Chance.
  • #9,649
  • Edited 9:19am Sep 30, 2013 7:43am | Edited 9:19am
today and yesterday on EJ on daily chart you could see touch of 35/50 - hard to trade on it with 15pips s/l and got many trades today but eventually got 3.6% profit
edit: 8.9% profit actually
just need to make sure not to get too confident
On my way to financial independence - if others can do it - I can do it
  • #9,650
  • Sep 30, 2013 9:15am Sep 30, 2013 9:15am
Good evening,
i see a lot of charts using pivot points, although they are not mentioned in the manual. How do you propose i go about that?
thank you,
first dance trade on ej with+11, begginers luck?
  • #9,651
  • Sep 30, 2013 9:54am Sep 30, 2013 9:54am
Quoting achille66
Good evening, i see a lot of charts using pivot points, although they are not mentioned in the manual. How do you propose i go about that? thank you, first dance trade on ej with+11, begginers luck?
I use daily pivots from this page: http://www.actionforex.com/markets/p...2010040848154/
only daily, only s1, s2, r1, r2 as points of support or temporary reverse (after long run). also these on same point as any of the ma mentioned in manual are worth considering. once the price gets over 1 and 2 then I stop looking at them at all. also in situation like today when after weekend on EUR/JPY there was 100 pips dropdown I didn't bother about the pivot points
hope it helps - I didn't take it from any manual or book, I base it only on my observations, so often it may be wrong
On my way to financial independence - if others can do it - I can do it
  • #9,652
  • Oct 1, 2013 1:25am Oct 1, 2013 1:25am
so far so good. I mastered my emotions, at least for a while ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 85 KB
On my way to financial independence - if others can do it - I can do it
  • #9,653
  • Oct 1, 2013 1:31am Oct 1, 2013 1:31am
now take a look at this chart. yellow line is really strong support. price did obey it this week and last week, after weekend's gap it came back to this point and never got under. dash yellow line is a point where during all that period price got once, so my s/l were below this line. Today I trade on a touch of 132.80 with tp below daily pivot's R1 - 133.50 but usually stop manually when I see it hesitates. my risk is 5%-6% as I open 5 positions - basicly I already got my profit today but If it gets down again I'll do 1-2 more attempts
good luck guys - green pips
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 110 KB
On my way to financial independence - if others can do it - I can do it
  • #9,654
  • Oct 1, 2013 1:49am Oct 1, 2013 1:49am
Quoting Eur Usd
so far so good. I mastered my emotions, at least for a while ;-) {image}
Looking good Eur Usd!
Damn The Torpedoes, Full Speed Ahead!
  • #9,655
  • Oct 1, 2013 1:52am Oct 1, 2013 1:52am
Quoting DizzleFX
{quote} Looking good Eur Usd!
Thanks =- the point is it looked so good many times, and the greed killed me
that's why account is only 12 days old
On my way to financial independence - if others can do it - I can do it
  • #9,656
  • Oct 1, 2013 2:16am Oct 1, 2013 2:16am
Quoting Eur Usd
now take a look at this chart. yellow line is really strong support. price did obey it this week and last week, after weekend's gap it came back to this point and never got under. dash yellow line is a point where during all that period price got once, so my s/l were below this line. Today I trade on a touch of 132.80 with tp below daily pivot's R1 - 133.50 but usually stop manually when I see it hesitates. my risk is 5%-6% as I open 5 positions - basicly I already got my profit today but If it gets down again I'll do 1-2 more attempts good luck...
and looks like it went down
On my way to financial independence - if others can do it - I can do it
  • #9,657
  • Oct 1, 2013 6:05am Oct 1, 2013 6:05am
Today my first entry was a quickie .. but not a nice one ^^.. After 1 minute it was done..
EJ short at the 35 Sma and the Ema 50 in m15.
I got stopped after 9 pips.
Opened at 132,73 at the first touch.
May be I should have wait two minutes longer to enter for the two bar rule as a confirmation !
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 1.10.2013.png Size: 45 KB
Risiko birgt immer auch die Chance.
  • #9,658
  • Oct 1, 2013 6:27am Oct 1, 2013 6:27am
Quoting Sesamstrasse
Today my first entry was a quickie .. but not a nice one ^^.. After 1 minute it was done.. EJ short at the 35 Sma and the Ema 50 in m15. I got stopped after 9 pips. Opened at 132,73 at the first touch. May be I should have wait two minutes longer to enter for the two bar rule as a confirmation ! {image}
I barely got any profit today
only 1.9% as all went against me, but any profit is better than loss
On my way to financial independence - if others can do it - I can do it
  • #9,659
  • Oct 1, 2013 6:39am Oct 1, 2013 6:39am
on the end of the day I got with profit but was a stressful day. My max today was 9.6% profit, my lowest was about 7% loss.
I did bad today
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 80 KB
On my way to financial independence - if others can do it - I can do it
  • #9,660
  • Oct 1, 2013 6:40am Oct 1, 2013 6:40am
Quoting Eur Usd
{quote} I barely got any profit today only 1.9% as all went against me, but any profit is better than loss

Yes, thatīs good!
I decided to widen my sl in EJ and my targets .. and only EJ to 12 pips and a little less lotsize.
should be the same result in - profit , but EJ is kidding me too often .
If i watche my last trade it would be only a BE winner / loser ...
Iīll try this way .
Risiko birgt immer auch die Chance.
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