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CHOROS System

  • #10,341
  • Edited 11:21am Mar 6, 2014 9:50am | Edited 11:21am
Quoting alockfly
{quote} Indeed I agree, but I am trying to give my step son, living in the Philippines a defined set of rules to trade a small account which i am settign him up with.. Meaning, he has to see a 30% angle on the 10 EMA before he looks at taking the trade. Then I can hold him to account if he breaks the rules I give him. Would you mind sharing your findings. It would be very useful for my plan for him. Thanks again for all you do on here... Regrds A A
I wanna give you a good advice :
Before you start thinking making money with forex trading , you should know :
only 1 % of all traders make money with trading .
If i would count all screen hours and how much money I burned , I would say .. NO, what a bad salary !

Before you donīt know how you really trade successful , you better think about how to learn trading !
You need thousands of screen hours! ( we all did ) .. learning trading is a prozess .. and it never ends ..

But the Choros / Dance style is a incredible thing ..
Master the system and you will be master of your account !
This is the right way , but you must do your work before you can walk/ dance on it ..
Risiko birgt immer auch die Chance.
  • #10,342
  • Mar 6, 2014 2:13pm Mar 6, 2014 2:13pm
For those interested, I have created a private forum just for the Choros/Dance strategy. I feel that it will help to keep discussions and trade examples organized instead of everything just being on 1 thread. It should also help those new to the strategy find the information they need without having to search through a long thread. I have just started to practice the Choros/Dance strategy and will be keeping a lot of all my trades and commentaries on the forum.

http://chorosforex.com

I have talked to kostas and he will try to be there to help as time permits and we may possibly see a return of eclay
  • #10,343
  • Mar 6, 2014 2:59pm Mar 6, 2014 2:59pm
Quoting Sesamstrasse
{quote} I wanna give you a good advice : Before you start thinking making money with forex trading , you should know : only 1 % of all traders make money with trading . If i would count all screen hours and how much money I burned , I would say .. NO, what a bad salary ! Before you donīt know how you really trade successful , you better think about how to learn trading ! You need thousands of screen hours! ( we all did ) .. learning trading is a prozess .. and it never ends .. But the Choros / Dance style is a incredible thing .. Master the system...
Yes great advice. .I have been trading my own account for 22 years , well before screens. On the trading floors in London I employed juniors or runners as we called them to manually keep charts for me to follow , basic point and figure charts if you know them........graph paper all over the place.......I am now teaching basic trading to some young budding traders in Asia and want to have a angle indicator on MA to keep them out of certain trades using my own strategy and MM rules. Do you know where I can get such an indicator....thanks.
  • #10,344
  • Mar 6, 2014 3:26pm Mar 6, 2014 3:26pm
Quoting alockfly
{quote} Do you know where I can get such an indicator....thanks.
http://www.forexfactory.com/showthread.php?t=231003
  • #10,345
  • Mar 7, 2014 12:13am Mar 7, 2014 12:13am
Quoting kostas1
{quote} http://www.forexfactory.com/showthread.php?t=231003
Good man, as always. Thanks a bunch.....
  • #10,346
  • Mar 7, 2014 8:53am Mar 7, 2014 8:53am
Here īs a trade I got the signal from H1 in cable.
With the knowledge of the NFP day , the market can run big steps, I entered a little late .
But halfed the lotsize and doubled the target and stop ( sl 20 and tp 60 )
Touch of the 35 Sma 50 Ema
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdch1.png nfp 7.3..png Size: 37 KB
Risiko birgt immer auch die Chance.
  • #10,347
  • Edited 9:19am Mar 7, 2014 8:55am | Edited 9:19am
And hereīs a nice first touch of the 10 ema in UJ M15.

Very steep angle
tp 17 , sl 4 .
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpycm15.png payrolls 7.3..png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #10,348
  • Edited Mar 8, 2014 3:05am Mar 7, 2014 12:27pm | Edited Mar 8, 2014 3:05am
Quoting Jon Reed
For those interested, I have created a private forum just for the Choros/Dance strategy. I feel that it will help to keep discussions and trade examples organized instead of everything just being on 1 thread. It should also help those new to the strategy find the information they need without having to search through a long thread. I have just started to practice the Choros/Dance strategy and will be keeping a lot of all my trades and commentaries on the forum. http://chorosforex.com I have talked to kostas and he will try to be there...
Not a bad idea , Iīll give it a chance.
Would be amazing if Clay counts also in and post from time to time !
..all dancers a nice weekend .....
Guido
Risiko birgt immer auch die Chance.
  • #10,349
  • Mar 10, 2014 3:22pm Mar 10, 2014 3:22pm
Hello to all,

I have a question,

Today I missed a EURJPY 10 EMA touch because when the trade was setting up price didn't touched the 10 EMA but after it took off it looked like the perfect setup; this is not the first time this kind of thing has happened.

Trade setup in the making:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15a.png Size: 37 KB


After the price took off:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15b.png Size: 38 KB


Does anyone has any advice on how to catch trades like this in the future? I know some traders like Kostas use smaller time frames for fine tuning, are there any specific rules to fine tuning using a smaller TF?? I read some of the posts in this thread about fine tuning but it didn't helped much, so, any advice would be great . Thanks.
  • #10,350
  • Mar 10, 2014 3:44pm Mar 10, 2014 3:44pm
MisterC - Good question. First of all, the simple fact is that sometimes you just miss them - the entry you're looking for doesn't show up and, hey, you just miss it. In this particular case, I probably would have "jumped" the trade on the rather dramatic re-crossing of the 50 to the upside. Orrrr, I might have just waited...and missed it, just as you did. You're just not going to catch every possible trade - don't let it bother you. The nice thing about the currency markets is that there new opportunities coming along all the time.
Best wishes.
Writer, currency trader, madman
  • #10,351
  • Mar 10, 2014 4:41pm Mar 10, 2014 4:41pm
Quoting Sesamstrasse
Here īs a trade I got the signal from H1 in cable. With the knowledge of the NFP day , the market can run big steps, I entered a little late . But halfed the lotsize and doubled the target and stop ( sl 20 and tp 60 ) Touch of the 35 Sma 50 Ema {image}
Yo dude, i been watching the way you trade for quite a long time maybe for a week, and being a silent learner too lol you look very good man, would you please to share the template that you been using now ? Thx (y)

Regards,

Yudha Wr

PS : I have a question, can we trade by only see M15 ? or its better if we get the confluence in more than one time frame, like we get the price touches 50 MA in M15 and 10 MA in H1.
  • #10,352
  • Mar 10, 2014 5:15pm Mar 10, 2014 5:15pm
Quoting MisterC
I know some traders like Kostas use smaller time frames for fine tuning, are there any specific rules to fine tuning using a smaller TF?? I read some of the posts in this thread about fine tuning but it didn't helped much, so, any advice would be great . Thanks.
Still, the same advice....
You can use the smaller tf to see the price reacting and enter with SL below the higher TF EMA 10.
  • #10,353
  • Mar 11, 2014 3:05am Mar 11, 2014 3:05am
Thanks for replying guys.
  • #10,354
  • Edited 8:31am Mar 11, 2014 4:30am | Edited 8:31am
Quoting yudhawrdhana
{quote} Yo dude, i been watching the way you trade for quite a long time maybe for a week, and being a silent learner too lol you look very good man, would you please to share the template that you been using now ? Thx (y) Regards, Yudha Wr PS : I have a question, can we trade by only see M15 ? or its better if we get the confluence in more than one time frame, like we get the price touches 50 MA in M15 and 10 MA in H1.
Hey man .
I tried to load up my template , but I cannot .. Itīs not in my template folder ..
But hereīs the specification !
10 Ema , 35 sma , 50 Ema ...( round numbers beige all in the templates here to find !
( I played with the configuration of round numbers beige , in volatile pairs , I want only all 25 or 50 pips a line )
But the price does only respect the 50 and 00 levels!!
And I use for a better visualisation a red 9 ema with absolutely the same rules as the 10 ema ,
I only saw many possible trades , the EA , Arha posted some months ago does not enter the trade , because price didnīt touch the line..


Itīs nothing special or secret in it , only three magic lines ..
I use only the Tf 15 . I also started with M15 , H1 and H4/ Daily but the best results Iīm having only in M15.
So I decided to trade only M15 and I īm picky wirh my entries, if possible I only take
the AAA entries , the manual shows.
But this is only my kind of trading , as you can see!
The other dancers use also the higher Tfīs ..
But when I started dancing , I used the simulator much ( and I really can recommend it ) to learn this style of trading quickly .
And I was from the first day in profit with the simulator M15 .. , thatīs why I stick to M15 .. boring but works for me !

Only 2 indicators , I use are not in the templates .. itīs a Autofibo , also found in this thread and my spread indi .. .

Hope that helps .. and :
USE THE SIMULATOR A LOT !!
Guido
Attached File(s)
File Type: ex4 ###Auto Pivot.ex4   15 KB | 372 downloads
File Type: ex4 Spread_5digit.ex4   3 KB | 335 downloads
Risiko birgt immer auch die Chance.
  • #10,355
  • Mar 11, 2014 8:39am Mar 11, 2014 8:39am
Today , my first trade is a constrainment trade EJ , m15.
Only wicks crossed the 35 sma , but the bodies are below the 35 sma ..
the trade direction is short and I expect a run to the next fibo ( Daily S1 ) , around 15 pips .
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png constrainment 11.3.2014.png Size: 32 KB
Risiko birgt immer auch die Chance.
  • #10,356
  • Mar 11, 2014 8:46am Mar 11, 2014 8:46am
Quoting Sesamstrasse
Today , my first trade is a constrainment trade EJ , m15. Only wicks crossed the 35 sma , but the bodies are below the 35 sma .. the trade direction is short and I expect a run to the next fibo ( Daily S1 ) , around 15 pips . {image}
Only concern is that this is the 3rd bounce from 35/50, just be careful in case it changes direction.
  • #10,357
  • Mar 11, 2014 9:01am Mar 11, 2014 9:01am
Quoting kostas1
{quote} Only concern is that this is the 3rd bounce from 35/50, just be careful in case it changes direction.
good advice , gut stopped BE
Risiko birgt immer auch die Chance.
  • #10,358
  • Mar 11, 2014 12:07pm Mar 11, 2014 12:07pm
I have a real problem with downloading any indicators posted because most of us are using the new build of Metatrader forced on us by our helpful (LOL) Brokers. Older indicators unless recoded are a waste of time. Thank you Sesamstrasse for the auto pivot and spread indicator but I have been so frustrated by this new build unless people can offer that the indicator works with new build. I have given even opening my indicator folder again. I hope not all of you have this problem but I can't even get working charts from FXDD using old build that the simulator and indicators worked on.







sesamstra
I should never have switched from scotch to martinis
  • #10,359
  • Mar 11, 2014 2:31pm Mar 11, 2014 2:31pm
fxj - You're right, MT4 keeps out-updating itself.
I recently switched to the ctrader platform, and while it took a little getting used to, I love it.
Best wishes.
Writer, currency trader, madman
  • #10,360
  • Mar 11, 2014 4:58pm Mar 11, 2014 4:58pm
Quoting Sesamstrasse
{quote} Hey man . I tried to load up my template , but I cannot .. Itīs not in my template folder .. But hereīs the specification ! 10 Ema , 35 sma , 50 Ema ...( round numbers beige all in the templates here to find ! ( I played with the configuration of round numbers beige , in volatile pairs , I want only all 25 or 50 pips a line ) But the price does only respect the 50 and 00 levels!! And I use for a better visualisation a red 9 ema with absolutely the same rules as the 10 ema , I only saw many possible trades , the EA , Arha posted some months...
Thanks a bunch pal, i will give it a shot
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