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CHOROS System

  • #9,821
  • Oct 31, 2013 3:01am Oct 31, 2013 3:01am
wow, I should have stay in trade, would get probably around 20 pips more
On my way to financial independence - if others can do it - I can do it
  • #9,822
  • Edited 8:41am Oct 31, 2013 5:39am | Edited 8:41am
Wow, had some beautiful enters at EURUSD this morning.
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"In God we trust."
  • #9,823
  • Oct 31, 2013 6:05am Oct 31, 2013 6:05am
Quoting Eur Usd
wow, I should have stay in trade, would get probably around 20 pips more
... if you made your plan, there is nothing to regeret....
JacekPreserve Precious Capital
  • #9,824
  • Oct 31, 2013 11:20am Oct 31, 2013 11:20am
Quoting Jackub
{quote} ... if you made your plan, there is nothing to regeret....

If the plan works , stick on it !!
Do never change a running system !
... back in some days .. collecting pips then ..
You guys make good entries !
Risiko birgt immer auch die Chance.
  • #9,825
  • Nov 1, 2013 1:42am Nov 1, 2013 1:42am
entry at 1.3558 - I did open 2 positions
entry reason: price has touched 35 sma, and before price did hold around hourly PP (1.3556), also on 1h chart the price was touching 10 ema and the PA on 15m was telling me it is flag formation
exit: at 1.3528 due to price going up again, I was already on 40 pips per trade, but it came back to 29 pips, and price seemed to get back up so I went flat
3.7% profit.

if somebody thinks I am good - I am not, I post mostly good trades, sometimes will post bad one, but each time I fail I learn something new, I keep modifying the method to suit me. I even lowered down leverage to 1:20 so I can open max 2 trades at a time, so even if I lose I lose 2% of account, not 5-6%. losing 2% is easy, losing 6% makes you move s/l and leads to more loses. I also changed my s/l from 7 pips to 15 pips, so I also lowered down position size (15 pips is about 1%), it may seem to give lower profits, but will pay off on longer period.

good luck guys and green pips all

and a film that motivates me:
Inserted Video
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On my way to financial independence - if others can do it - I can do it
  • #9,826
  • Nov 1, 2013 6:35am Nov 1, 2013 6:35am
Took this trade.... GU 13 pips,
it was 10EMA touch, Pivot S2, and 38,1% Fibo retracement of last swing down ..
but... what worried me was fact that it was touch by thrird candle, not second one as method say
exit reason: big decrease of momentum on the next candle
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anyway, worked out
JacekPreserve Precious Capital
  • #9,827
  • Nov 1, 2013 6:46am Nov 1, 2013 6:46am
Quoting Jackub
Took this trade.... GU 13 pips, it was 10EMA touch, Pivot S2, and 38,1% Fibo retracement of last swing down .. but... what worried me was fact that it was touch by thrird candle, not second one as method say exit reason: big decrease of momentum on the next candle {image} anyway, worked out
quite often it happens that method works on 3rd and 4th candle, also quite often the emas are not so steep as they should and it still works
On my way to financial independence - if others can do it - I can do it
  • #9,828
  • Nov 1, 2013 6:54am Nov 1, 2013 6:54am
Quoting Eur Usd
{quote} quite often it happens that method works on 3rd and 4th candle, also quite often the emas are not so steep as they should and it still works
Well, good to know, I took this one bcose of very steep 10 EMA and strong resistance level with confluence of few factors...
SO it is all for this week, was watching only GU, have to rethink all my trades... still huge lack of confidence... hope it will come with the time.... like this system, hope system will like me to..
Dancers, have nice weekend
JacekPreserve Precious Capital
  • #9,829
  • Nov 1, 2013 8:03am Nov 1, 2013 8:03am
My first trade since two weeks or so !
I took the touch of the 35 Sma in M5 .. quickly to BE ..
While writing this post got stopped ... next ..
.. Edit .. took it again .. with a tight sl --
9 pips in profit and let it run ^^.
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Risiko birgt immer auch die Chance.
  • #9,830
  • Nov 1, 2013 5:28pm Nov 1, 2013 5:28pm
I'm the only who is impressed with the amount of good possible trades in EURUSD and GBPUSD this week?
"In God we trust."
  • #9,831
  • Edited 1:18am Nov 2, 2013 1:03am | Edited 1:18am
Quoting renanc93
I'm the only who is impressed with the amount of good possible trades in EURUSD and GBPUSD this week?
I had not much time to trade the last days.. But I got quickly some pips... cheers dancers !;-)
Risiko birgt immer auch die Chance.
  • #9,832
  • Nov 2, 2013 1:13am Nov 2, 2013 1:13am
Quoting renanc93
I'm the only who is impressed with the amount of good possible trades in EURUSD and GBPUSD this week?
Yeah, lots of opportunities, however I can see them always to late....
JacekPreserve Precious Capital
  • #9,833
  • Nov 2, 2013 1:43am Nov 2, 2013 1:43am
Quoting renanc93
I'm the only who is impressed with the amount of good possible trades in EURUSD and GBPUSD this week?

I rarely trade GBP/USD as it acts different than other pairs imo
as about EUR/USD there were better and worse days, but first time in months EUR/USD seemed to be better pair to trade than EUR/JPY
On my way to financial independence - if others can do it - I can do it
  • #9,834
  • Nov 4, 2013 6:29am Nov 4, 2013 6:29am
I'd like to ask for comments on a trade I took in GBPUSD today. I entered on rejection at the H1 35 (upper red arrow). There were rejection candles in M5 and confluence with the H4 10. On the downside, the pivot was slightly below the entry point. I got stopped at the upper red arrow. I later took a similar trade at the H1 50 which worked nicely.
My questions are:

  1. Was the entry ok? Why did you not take the trade when you saw it?
  2. Why was the entry at the 50 better? I know Kostas says that GBPUSD tends to visit all MAs, but there was less confluence at the 50.
  3. Would you have closed the trade before hitting stoploss given that it was constrained by the M5 10 at all times?

Thanks a lot for your help!

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  • #9,835
  • Nov 4, 2013 10:01am Nov 4, 2013 10:01am
Quoting That guy
I'd like to ask for comments on a trade I took in GBPUSD today. I entered on rejection at the H1 35 (upper red arrow). There were rejection candles in M5 and confluence with the H4 10. On the downside, the pivot was slightly below the entry point. I got stopped at the upper red arrow. I later took a similar trade at the H1 50 which worked nicely. My questions are: Was the entry ok? Why did you not take the trade when you saw it? Why was the entry at the 50 better? I know Kostas says that GBPUSD tends to visit all MAs, but there was less confluence...
Sorry .. cannot help you.. too many lines cunfuse me! Looks like the treehouse of horror IMO.
Risiko birgt immer auch die Chance.
  • #9,836
  • Nov 4, 2013 11:37pm Nov 4, 2013 11:37pm
hello guys, can i join?
i go short GU m15 because 35/50 touch

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am i right? thanks
  • #9,837
  • Nov 5, 2013 1:33am Nov 5, 2013 1:33am
Quoting edoho
hello guys, can i join? i go short GU m15 because 35/50 touch {image} am i right? thanks
today is PMI from GB ....
JacekPreserve Precious Capital
  • #9,838
  • Nov 5, 2013 1:44am Nov 5, 2013 1:44am
Quoting edoho
hello guys, can i join? i go short GU m15 because 35/50 touch {image} am i right? thanks
Hi this is checklist published some time ago here on the thread, look at your 35/50MA's, what trend they shows?


35/50 Bounce
1) Trade only with the trend of the moment.
2) 35 and 50 are fairly steep and parallel. (Now thinking 2 and 4 oclock).
3) 35 and 50 are not diverging.
4) Price pulls back to the MAs on a fairly sharp pullback. Two bars is best, but there is leeway here.
5) Either trade on the touch, if everything is perfect, 9 pipe SL (per “The Main Trades” doc) or
6) Fine tune the entry on the M5 by looking for a good price action entry (hammer, hanging man, engulfing bar), or confluence in the M5 (a parallel dance pattern in both time frames).
7) Stop Loss of about 15, but never more than 19 pips.
8) Move to break even quickly.
9) Exit to taste.
JacekPreserve Precious Capital
  • #9,839
  • Nov 5, 2013 8:59am Nov 5, 2013 8:59am
Quoting Jackub
{quote} Hi this is checklist published some time ago here on the thread, look at your 35/50MA's, what trend they shows? 35/50 Bounce 1) Trade only with the trend of the moment. 2) 35 and 50 are fairly steep and parallel. (Now thinking 2 and 4 oclock). 3) 35 and 50 are not diverging. 4) Price pulls back to the MAs on a fairly sharp pullback. Two bars is best, but there is leeway here. 5) Either trade on the touch, if everything is perfect, 9 pipe SL (per “The Main Trades” doc) or 6) Fine tune the entry on the M5 by looking for a good price action...
thanks for your reply
haha pmi almost kill my account if i dont put SL

emm, flat?
parallel? what does it mean?
  • #9,840
  • Edited 12:34pm Nov 5, 2013 12:04pm | Edited 12:34pm
Quoting edoho
{quote} thanks for your reply haha pmi almost kill my account if i dont put SL emm, flat? parallel? what does it mean?
Hi edoho,
we are looking for 35/50MA's showing the trend, they show the trend when they goes up or down, at your case they are horisontal (flat)
take look on your chart and find difference beetwin your entry and places marked as a good entries.
Sugest carefully read The Dance manual M15, again and again.....
I am not an expert for this strategy yet but this is basic stuff....

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good luck!
JacekPreserve Precious Capital
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