CHOROS System | Page 530 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #10,581
  • Apr 25, 2014 11:25am Apr 25, 2014 11:25am
Quoting Sesamstrasse
{quote} So you have time to find out what belongs to you .. and learn the strategy . Most traders need 10 k screen hours to be profitable . I didn īt count mine .. but I think it was more .. This thread is extremly helpful , I believe you can half the screenhours with its help . But 5000 screenhours is not done in a week ^^
Right!.. but I am pretty experienced and knows alot about technical s took alot of courses and practice several strategies and I think that is killing factor to trade Choros profitably because every time I get entry signal I also think about my previous strategies setup ( need to overcome this).

And one of the mentor gave me the impression to never wander around forums( for that reason I did not make my FF id for so long).

Dance attracted me because I was trading similar kind of pattern in the past.(i.e Slingshots and MOF's)

What I need to do now is organize my trading and need patience and discipline to follow.

Anyways +15 for the week lots of loosers because of my impatience and past trading experience.
  • #10,582
  • Apr 25, 2014 4:13pm Apr 25, 2014 4:13pm
Quoting wealthmaster
{quote} Right!.. but I am pretty experienced and knows alot about technical s took alot of courses and practice several strategies and I think that is killing factor to trade Choros profitably because every time I get entry signal I also think about my previous strategies setup ( need to overcome this). And one of the mentor gave me the impression to never wander around forums( for that reason I did not make my FF id for so long). Dance attracted me because I was trading similar kind of pattern in the past.(i.e Slingshots and MOF's) What I need...
Sounds good ! I had a losing week .. around 35pips . Not much , but I prefer green pips ... Nice weekend ....
Risiko birgt immer auch die Chance.
  • #10,583
  • Apr 28, 2014 7:50am Apr 28, 2014 7:50am
GU constrainment trade, manual close for 11 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 48 KB
  • #10,584
  • Apr 28, 2014 8:32am Apr 28, 2014 8:32am
Quoting MisterC
GU constrainment trade, manual close for 11 pips {image}
I was in the same trade, offered me 12 pips but took -2 because I believed it has more room to go up..
  • #10,585
  • Apr 28, 2014 8:57am Apr 28, 2014 8:57am
Quoting wealthmaster
{quote} I was in the same trade, offered me 12 pips but took -2 because I believed it has more room to go up..
I closed it as soon as it hit 10 pips (managed to get 11 ) because price made a pretty much vertical move upward so selling pressure was expected. Anyway, -2 in not a big loss and the week is just beginning. I'm excited about the NFP on Friday, usually 30 min after release the market offers some good Dance trades.
  • #10,586
  • Apr 28, 2014 9:11am Apr 28, 2014 9:11am
Hello dancers!

Long time to post some trade because I didn't trade very often.

My job limits my time for trading but I am still trying....
I can see that some of you have a good progress!
Anyway this thread is still helping us!
Today I took also the same trade but ej pair.
very tight ma's pointing up & tp= rn (little less)
Attached Image
  • #10,587
  • Apr 28, 2014 9:29am Apr 28, 2014 9:29am
Quoting MisterC
{quote} I closed it as soon as it hit 10 pips (managed to get 11 ) because price made a pretty much vertical move upward so selling pressure was expected. Anyway, -2 in not a big loss and the week is just beginning. I'm excited about the NFP on Friday, usually 30 min after release the market offers some good Dance trades.
Yup... Vertical move like this always gets filled.
  • #10,588
  • Apr 28, 2014 9:54am Apr 28, 2014 9:54am
Quoting wealthmaster
Kostas, Was it according to your rule scooped up trade? {image}
I'm sure that Master Kostas will have a much better reply, but I wouldn't take that one as Scooped Up, or at least not at the undecision candle where you took it (just after a strong bearish candle).
I tried to imagine what was your analisis for entering there:
perhaps you saw a strong bullish candle breaking through the EMA and were waiting for a confirmation of the upper move, after the possible short retracement ?
If this was the reason, the doji doesn't properly look as a confirmation candle usually.

It could have been a good "Double Top" Trade, but not a good Scooped Up.

It ended good, but the DD was a little strong there.
Perhaps was your SL was below the previous swing low ?

This could make sense, but the R:R in this trade would not look very good.

I think I would instead have taken the short very nice 1st real touch after the break of the DP, at the level of your black Arrow line.
That is what Kostas and Elmo (oh, sorry: SesamStrasse ) were meaning with trend and 35/50 pointing down.

At the end of the day, I really think that profitability is really a game of patience, having very clear concept of your own trading rules and accepting the consequences of your planned entries/exit.
  • #10,589
  • Apr 28, 2014 6:04pm Apr 28, 2014 6:04pm
Quoting Whenever
{quote} I'm sure that Master Kostas will have a much better reply, but I wouldn't take that one as Scooped Up, or at least not at the undecision candle where you took it (just after a strong bearish candle). I tried to imagine what was your analisis for entering there: perhaps you saw a strong bullish candle breaking through the EMA and were waiting for a confirmation of the upper move, after the possible short retracement ? If this was the reason, the doji doesn't properly look as a confirmation candle usually. It could have been a good "Double...

Rightly said.

Reasons of the trade.

1, Double bottom
2, Bullish Impulsive candle Half an hour before actual London Close ( very good time for reversals on JPY pairs)

SL was 1 pip below S1 i.e 16 pips. ( yes not good R:R) Price ultimately went to Pivot +23 but I closed at +12.
  • #10,590
  • Apr 29, 2014 8:24am Apr 29, 2014 8:24am
GBPUSD -12
15 min 35/50, 1 Hour 10 constrained, DPivot
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 58 KB
  • #10,591
  • Apr 29, 2014 8:38am Apr 29, 2014 8:38am
Quoting wealthmaster
GBPUSD -12 15 min 35/50, 1 Hour 10 constrained, DPivot {image}
Two words: "FLAT MAs"
  • #10,592
  • Apr 29, 2014 8:41am Apr 29, 2014 8:41am
Quoting kostas1
{quote} Two words: "FLAT MAs"
yeah... but at the time of entry they looked like 4 O'clock. Anyways, that trade was against the 4h and Daily chart as-well..
  • #10,593
  • Apr 29, 2014 9:23am Apr 29, 2014 9:23am
EURJPY +22
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #10,594
  • Apr 29, 2014 10:34am Apr 29, 2014 10:34am
Quoting wealthmaster
EURJPY +22 {image}
  • #10,595
  • Apr 30, 2014 3:30am Apr 30, 2014 3:30am
Quoting wealthmaster
EURJPY +22 {image}
Good entry!
Try to catch it as close to the MA as possible .
Risiko birgt immer auch die Chance.
  • #10,596
  • Apr 30, 2014 3:34am Apr 30, 2014 3:34am
1st trade: EJ 35.50 touch - loss
2nd trade AU 35.50 touch that turned out to be constrainment - win (I could have had a better entry)

-2 for the day so far

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 46 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 39 KB
  • #10,597
  • Apr 30, 2014 8:17am Apr 30, 2014 8:17am
EURCAD -15

1Hour 35/50 trade. entered after 5 min engulfing bar.(Kostas way) stoploss of about 22 pips above the figure would have saved this trade. What do you say Kostas?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image2.png Size: 57 KB
Click to Enlarge Name: Image3.png Size: 49 KB
  • #10,598
  • Apr 30, 2014 8:33am Apr 30, 2014 8:33am
AUDJPY +21
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 65 KB
  • #10,599
  • Apr 30, 2014 9:53am Apr 30, 2014 9:53am
GBPUSD +21
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 55 KB
  • #10,600
  • May 1, 2014 3:49am May 1, 2014 3:49am
Hello to everyone trading Dance/Choros system

I am a newbie in trading and have been trading some time on demo and recently on very small account. Some time ago I found this thread as well as Clay's pdfs and closed thread and decided to stick to this strategy.
I am still far away from consistent trading so I will post here my everyday trades and wait for your feedback.
I am going to post screenshots of my trades at the opening and second screenshot when trade is closed - good or bad. I hope it will helps me to got better grasp on this strategy and I hope it will help others too.
That is THE PLAN


Below is my first trade today:

USDJPY
Entered at 10EMA constrainment, SL 7pips, TP 15 pips
Attached Image (click to enlarge)
Click to Enlarge Name: a_USDJPY_2014_05_01.jpg Size: 152 KB
17 traders viewing now, 1 is registered: