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CHOROS System

  • #10,161
  • Dec 11, 2013 3:09am Dec 11, 2013 3:09am
Hi all
my trade of today. pretty short, as I caught only 9 pips but it gave me 1% profit which is my daily target (I lowered expectations)
entry at small contrainment (wasn't clear) at 10 ema, movement up, exit was due to fact that the price is trying to get above 1.51 area and hesitates, I am afraid of rejection to 35/50 area
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On my way to financial independence - if others can do it - I can do it
  • #10,162
  • Dec 11, 2013 4:25am Dec 11, 2013 4:25am
another entry - price went down as I thought due to rejection of round number and reversed close to 35/50 which were as close as they could to each other, exit close to round number as I was afraid it will be rejected again. 18 pips gained and this should do for today. I will not be trading my traditional dance account untill 10 January due to lot's of work, but will trade what I called Fire and Forget method which is during trial, is based on choros and PA and doesn't require as much time as 15m chart trading
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On my way to financial independence - if others can do it - I can do it
  • #10,163
  • Dec 11, 2013 7:18am Dec 11, 2013 7:18am
Heres a trade , that was shown by an EA , that the member Arha posted last may. ( post 9248 )
I think it´s a funnny thing , because it removes after it writes in your chart " open " .
So here´s my 15 pip profit on a 0.01 order!
Thx Arha !
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Risiko birgt immer auch die Chance.
  • #10,164
  • Dec 11, 2013 8:00am Dec 11, 2013 8:00am
How strict are people here on first touch only? I'm just seeing a lot of 2nd touches or 3rd touches on 10MA workout...
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  • #10,165
  • Dec 11, 2013 8:07am Dec 11, 2013 8:07am
Quoting Gareth22
How strict are people here on first touch only? I'm just seeing a lot of 2nd touches or 3rd touches on 10MA workout... {image}
from my experience 3rd and 4th touch works as well, also touch of third and fourth candle coming back towards ema line - you never know. rule of 2nd touch and 2nd bar are for your safety - you may disobey it but then risk is bigger
notice on your chart that third touch went over 10 ema quite far and reversed - for somebody with narrow s/l it would mean a loss
On my way to financial independence - if others can do it - I can do it
  • #10,166
  • Dec 11, 2013 8:14am Dec 11, 2013 8:14am
Quoting Gareth22
How strict are people here on first touch only? I'm just seeing a lot of 2nd touches or 3rd touches on 10MA workout... {image}
The first touches are the moste safe touches / trades.
Specially for beginners ( like me ) it´s the best to pick only the best trades, you can get.

.....
And here´s my scoop in EU 15 pips .
I´ts my second trade today .. ..
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Risiko birgt immer auch die Chance.
  • #10,167
  • Dec 12, 2013 3:11am Dec 12, 2013 3:11am
Good morning traders !
Today I saw a connstrainment in EURNZD.
But the entry was too late to to .. so i tried to refine in M1 .
Here´s my chart M1 .
I´m BE and expect a run to the next round number .
Edit : kicked it out with 30 Pips . ( half lotsize )
Attached Image(s) (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #10,168
  • Dec 12, 2013 9:49am Dec 12, 2013 9:49am
Here´s my last trade today .
UJ M15
I opened long after the US news touch of the 10 Ema.
I´ve been waiting for a confirmation .. as the price was above the Daily R1 , I entered.
......very slow 15 pips , I´m thinking about kicking UJ out of my screen !
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Risiko birgt immer auch die Chance.
  • #10,169
  • Dec 12, 2013 10:12am Dec 12, 2013 10:12am
One more case of "take your profit and run".
I entered at the nice rejection from H4 10 and DP. Exited at little more than 15p, and 1 hr later down we went.....
When I exited, I was thinking that it could shoot back up to 1.6450 and that I lost a great opportunity (since it cleared the H4 10) but thanks god for the trading plan.:nerd:
With these markets, I am more and more convinced that grabbing your profit early may be better.
I also had +6p from AU M5 12 bounce this morning but got out at the RN (0.9050). A couple hours later it tanked like no tomorrow from unexpected news.....
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  • #10,170
  • Dec 15, 2013 9:42pm Dec 15, 2013 9:42pm
Are people finding success with this strategy in the non-overlap hours? I know the manual says only trade during the major overlap hours.
I live in the eastern US and the Asia-London overlap is 4 am and the London-NY overlap is 8 am-12 which is the hours I am at work

I have time in the evening but that is after the 5pm NY close and it is really slow then. I have time during the the Aus-Asia overlap which is about 8-11pm for me. Can anyone recommend good pairs during that 3 window they have had success with?
  • #10,171
  • Dec 16, 2013 12:58am Dec 16, 2013 12:58am
Quoting Chubbly
Are people finding success with this strategy in the non-overlap hours? I know the manual says only trade during the major overlap hours. I live in the eastern US and the Asia-London overlap is 4 am and the London-NY overlap is 8 am-12 which is the hours I am at work I have time in the evening but that is after the 5pm NY close and it is really slow then. I have time during the the Aus-Asia overlap which is about 8-11pm for me. Can anyone recommend good pairs during that 3 window they have had success with?
In general, any method that uses MAs will be far more successful when there is a chance for some kind of trend. In this case, I have found the best hours to be London open to 2-3 hrs after NY open.
In your case I would look into AU, EJ but I don't have much experience in those hours, so do your homework and decide.
  • #10,172
  • Dec 16, 2013 2:18am Dec 16, 2013 2:18am
Quoting Chubbly
Are people finding success with this strategy in the non-overlap hours? I know the manual says only trade during the major overlap hours. I live in the eastern US and the Asia-London overlap is 4 am and the London-NY overlap is 8 am-12 which is the hours I am at work I have time in the evening but that is after the 5pm NY close and it is really slow then. I have time during the the Aus-Asia overlap which is about 8-11pm for me. Can anyone recommend good pairs during that 3 window they have had success with?
I can recommend 30 minutes after Frankfurt open to early US open .
I´m from central Europe and I trade succcessful during the european daytime .
Risiko birgt immer auch die Chance.
  • #10,173
  • Dec 16, 2013 2:56am Dec 16, 2013 2:56am
Here´s my first trade .
I took my 15 pips and now I´m free until US Open .

M15 .. confluence of the Daily R2 and the second touch of the Ema 10.


Normally was on my plan to take the Tp at the Weekly pivot .
But it hesitated tooo much and I decided -- better take the pips ..
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Risiko birgt immer auch die Chance.
  • #10,174
  • Dec 16, 2013 8:00am Dec 16, 2013 8:00am
Hey guys, first trade of the day o EU. 1hr 10ma touch trade + S/R, also 15min 35/50ma acting as support.
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  • #10,175
  • Dec 16, 2013 8:52am Dec 16, 2013 8:52am
Quoting ForexForce
Hey guys, first trade of the day o EU. 1hr 10ma touch trade + S/R, also 15min 35/50ma acting as support. {image}

On my economic calendar was supermario Speaking!
......... during the red marked news I would be very calm and wait until I get a valid signal 30 min later .
The result you can see on your platform .. you lost money.
Risiko birgt immer auch die Chance.
  • #10,176
  • Dec 16, 2013 10:45am Dec 16, 2013 10:45am
Hi all
Just a quick show off. Been trading (gambling) on higher frames (1h, 4h and 1d) with dance rules and PA. no s/l that's why it's gambling, started Sunday week ago, so far 23% profit with 234 pips. method don't require much of attention and I treat it like a lottery while I cannot trade. The "ticket" costed me 10 Pounds so not much. We'll see how it goes
On my way to financial independence - if others can do it - I can do it
  • #10,177
  • Dec 17, 2013 8:31am Dec 17, 2013 8:31am
Good afternoon , dancers!
Here´s my first trade today !
.... I´m training my patience for better results.
It´s not a good entry , because 35 sma should not be above the 50 Ema for a short trade , but I risked it.
GBPCAD is known as a overrunning pair with many pips daily .
But it´s typical ; EJ ran after the news around 30 pips , EU did a run around 30 pips
.. only my trade gives me a sloppy 6 pips ??
Daaaaamn !
I´m BE and let it run or stop .
Before entering I expected a 30-50 pips run but now it looks like I have no bread and butter trade today!
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Risiko birgt immer auch die Chance.
  • #10,178
  • Dec 17, 2013 8:52am Dec 17, 2013 8:52am
Quoting Sesamstrasse
Good afternoon , dancers! Here´s my first trade today ! .... I´m training my patience for better results. It´s not a good entry , because 35 sma should not be above the 50 Ema for a short trade , but I risked it. GBPCAD is known as a overrunning pair with many pips daily . But it´s typical ; EJ ran after the news around 30 pips , EU did a run around 30 pips .. only my trade gives me a sloppy 6 pips ?? Daaaaamn ! I´m BE and let it run or stop . Before entering I expected a 30-50 pips run but now it looks like I have no bread and butter trade today!...
+ 15 pips , I´m fine .. ... had better days .. the last weeks were amazing for me .. but yesterday I learned a lesson about greed..
So I´m fine today..
Risiko birgt immer auch die Chance.
  • #10,179
  • Dec 18, 2013 10:13am Dec 18, 2013 10:13am
The good news is, I bought Gbp/usd at 1.6235 yesterday.
The bad news is, I took profits at 1.6354 this morning.
Hey, who knew, right?
Then I compounded my folly by buying Aud/usd, figuring well, if Gbp is up over 100 pips, this stuff ought to go up at least 30 or 40. Not necessarily...
I know I shouldn't complain about leaving money on the table when I made a great profit, but still...it's annoying.
Writer, currency trader, madman
  • #10,180
  • Dec 18, 2013 10:21am Dec 18, 2013 10:21am
Quoting jbmaverick
The good news is, I bought Gbp/usd at 1.6235 yesterday. The bad news is, I took profits at 1.6354 this morning. Hey, who knew, right? Then I compounded my folly by buying Aud/usd, figuring well, if Gbp is up over 100 pips, this stuff ought to go up at least 30 or 40. Not necessarily... I know I shouldn't complain about leaving money on the table when I made a great profit, but still...it's annoying.
It´s more important to have every day a little profit , than sometimes a good run.
Since beginning dezember I can manage it much better .. and my account growed around 20 % the last 11 trading days,
In some months Iwill know what it does with my account.And here´s one of that trades, they give me daily some pips .
EA , m15 -- touch of the Ema 10 .
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Risiko birgt immer auch die Chance.
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