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CHOROS System

  • #10,741
  • May 14, 2014 6:29am May 14, 2014 6:29am
Quoting MisterC
{quote} The 2 bar rule was not applying any more...still the trade looks like a constrainment trade so it may still go lower; keep in mind that in about 1h there are news
Oh I see, my understanding of the two bar rule was more about reaching the MA then anything else.
I was monitoring the news time too and even though the original rules states that entries might still be valid up to 30 min before news, I think I'll extend my "carefulness time" (excuse my lack of vocabulary..) to an hour, that's the time I was using before I started testing this strategy, and it seemed safe enough.
Anyway, thanks again for your comment.
  • #10,742
  • May 16, 2014 6:28am May 16, 2014 6:28am
Classic first touch 10 ema , steep angle + a confluence of the round number 137 .

Edit .. stopped -7
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdcm15.png16.5. 2014.png Size: 29 KB
Risiko birgt immer auch die Chance.
  • #10,743
  • May 16, 2014 7:21am May 16, 2014 7:21am
EJ , first touch 10 ema .. closed 11 pips + .. above the Daily S1 .
Just closed in front of US news ..

Happy weekend .
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 16.5-.png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #10,744
  • May 16, 2014 8:16am May 16, 2014 8:16am
Quoting Sesamstrasse
EJ , first touch 10 ema .. closed 11 pips + .. above the Daily S1 . Just closed in front of US news .. Happy weekend . {image}
I saw both of your entries too, even tho I ended up only testing (still demo) the EU one due to a smaller spread then EJ on my broker's platform, I was a little bit hesitant about the news coming the next hour, four of them with a quite high impact did not seemed that much safe for the newbie I am.

All in all, my testing week have been kind of messy, with mostly bad results due to a lack of practice, which is why I am already waiting for next week impatiently.

Thanks for posting your attempts, a good weekend to you and the other dancers.
  • #10,745
  • May 16, 2014 1:06pm May 16, 2014 1:06pm
Quoting Chopy
{quote} I saw both of your entries too, even tho I ended up only testing (still demo) the EU one due to a smaller spread then EJ on my broker's platform, I was a little bit hesitant about the news coming the next hour, four of them with a quite high impact did not seemed that much safe for the newbie I am. All in all, my testing week have been kind of messy, with mostly bad results due to a lack of practice, which is why I am already waiting for next week impatiently. Thanks for posting your attempts, a good weekend to you and the other dancers....
Testing week .. soso ..
You were the first person who learned the strategy / kind of trading in one week ..

Believe me : You will need many many screen hours ..
After several weeks , may be you know the strategy by rules .. but not by market !

So .. my week ended green .. 6 trades , one loser , one BE
... around 46 pips ..
enough to enjoy ..a wonderful weekend ..
Same to all dancers .. ciao Guido
Risiko birgt immer auch die Chance.
  • #10,746
  • May 16, 2014 3:11pm May 16, 2014 3:11pm
Quoting Sesamstrasse
{quote} Testing week .. soso .. You were the first person who learned the strategy / kind of trading in one week .. Believe me : You will need many many screen hours .. After several weeks , may be you know the strategy by rules .. but not by market ! So .. my week ended green .. 6 trades , one loser , one BE ... around 46 pips .. enough to enjoy ..a wonderful weekend .. Same to all dancers .. ciao Guido
Nice profit, congrats. This week is a looser for me, but next week I'm closing on green!!

Hope you have a great weekend!
  • #10,747
  • Edited 4:58am May 19, 2014 4:15am | Edited 4:58am
First trade

USDJPY sell, SL7/TP33
touch of 10EMA

Attached Image (click to enlarge)
Click to Enlarge Name: a_USDJPY_2014_05_19.jpg Size: 274 KB


EDIT
SL moved to BE +2 pips

Attached Image (click to enlarge)
Click to Enlarge Name: b_USDJPY_2014_05_19.jpg Size: 277 KB


EDIT
manually closed at +20 pips, price hesitates too long so decided to grab those pips and run away

Attached Image (click to enlarge)
Click to Enlarge Name: c_USDJPY_2014_05_19.jpg Size: 228 KB
  • #10,748
  • Edited 5:40am May 19, 2014 5:22am | Edited 5:40am
Second trade

GBPUSD sell, SL7/TP18
bounce of 30/50 and pin bar

Attached Image (click to enlarge)
Click to Enlarge Name: a_GBPUSD_2014_05_19.jpg Size: 272 KB


EDIT
SL hit -7 pips

Attached Image (click to enlarge)
Click to Enlarge Name: b_GBPUSD_2014_05_19.jpg Size: 234 KB


I forced this trade....
  • #10,749
  • May 19, 2014 5:48am May 19, 2014 5:48am
Just two trades today +20 and -7, second trade was my mistake but I am closing day with green pips
  • #10,750
  • May 19, 2014 5:54am May 19, 2014 5:54am
Quoting understandFX
Just two trades today +20 and -7, second trade was my mistake but I am closing day with green pips
Took the same UJ trade, got out for +12.
  • #10,751
  • May 19, 2014 6:27am May 19, 2014 6:27am
Quoting understandFX
Second trade GBPUSD sell, SL7/TP18 bounce of 30/50 and pin bar {image} EDIT SL hit -7 pips {image} I forced this trade....
Flat Maīs
Canīt see a trend .
Risiko birgt immer auch die Chance.
  • #10,752
  • May 19, 2014 8:09am May 19, 2014 8:09am
First trade is a cable first touch Ema 10 15 m chart .

EDIT : stopped BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdcm15.png 19.5..png Size: 82 KB
Risiko birgt immer auch die Chance.
  • #10,753
  • May 19, 2014 1:04pm May 19, 2014 1:04pm
Hi folks,

I'd like to introduce myself shortly.
I'm a young guy from germany who discovered forex last summer.
I quickly discovered that trading on the basis of horizontal S/R and the well known PA bars like pinbars etc.
feels like a good way of trading for me.
After demo-ing a while I opened a real small live account, joined a community and since then trade daily charts.
The timeframe fits well in my daily routine and I like it because its rather relaxed.

BUT I always felt that the lower timeframes are very interesting too (and above all offer a huge profit potential) and never believed people who said
on lower timeframes the PA is just "noise". That makes no sense to me. Price Action is Price Action.

Now I discovered the Dance by accident, read the manual and parts of the old thread and really want to learn this style of trading.
Unfortunately my daily routine these days dont allow me to trade regularly "live" on demo during the day so I will
stick to the simulator for quite a while I think.
So I won't post any "real" trades but I hope you guys dont mind if I now and then post some trade that crossed my way
while on the simulator and maybe ask you a question about it for the sake of learning.

I wish you well,
ihez
  • #10,754
  • May 19, 2014 1:27pm May 19, 2014 1:27pm
Quoting ihezzz
Hi folks, I'd like to introduce myself shortly. I'm a young guy from germany who discovered forex last summer. I quickly discovered that trading on the basis of horizontal S/R and the well known PA bars like pinbars etc. feels like a good way of trading for me. After demo-ing a while I opened a real small live account, joined a community and since then trade daily charts. The timeframe fits well in my daily routine and I like it because its rather relaxed. BUT I always felt that the lower timeframes are very interesting too (and above all offer...
Willkommen
Risiko birgt immer auch die Chance.
  • #10,755
  • May 20, 2014 3:10am May 20, 2014 3:10am
Quoting ihezzz
Hi folks, I'd like to introduce myself shortly. I'm a young guy from germany who discovered forex last summer. I quickly discovered that trading on the basis of horizontal S/R and the well known PA bars like pinbars etc. feels like a good way of trading for me. After demo-ing a while I opened a real small live account, joined a community and since then trade daily charts. The timeframe fits well in my daily routine and I like it because its rather relaxed. BUT I always felt that the lower timeframes are very interesting too (and above all offer...
Welcome to the thread. Sure thing, post away, just make sure you mention it is a simulated trade so no one will get confused. Good luck learning the strategy!
  • #10,756
  • Edited 3:52am May 20, 2014 3:19am | Edited 3:52am
First trade
AUDUSD sell, SL7/TP23
touch of 10EMA

Attached Image (click to enlarge)
Click to Enlarge Name: a_AUDUSD_2014_05_20.jpg Size: 223 KB


EDIT
SL moved to BE +2 pips

Attached Image (click to enlarge)
Click to Enlarge Name: b_AUDUSD_2014_05_20.jpg Size: 227 KB


EDIT
took profit +14 pips - price seems to hesitate too much

Attached Image (click to enlarge)
Click to Enlarge Name: c_AUDUSD_2014_05_20.jpg Size: 184 KB
  • #10,757
  • May 20, 2014 3:22am May 20, 2014 3:22am
Quoting MisterC
{quote} Took the same UJ trade, got out for +12.
Great
I was close to quit this trade at around +15 but managed to hold a little longer.
  • #10,758
  • May 20, 2014 3:23am May 20, 2014 3:23am
Quoting understandFX
First trade AUDUSD sell, SL7/TP23 touch of 10EMA {image}
Bad entry ! Why entered this one ??????

What kind of strategy told you you should enter at the 4th or 5th touch ??
Risiko birgt immer auch die Chance.
  • #10,759
  • May 20, 2014 3:39am May 20, 2014 3:39am
Quoting understandFX
First trade AUDUSD sell, SL7/TP23 touch of 10EMA {image} EDIT SL moved to BE +2 pips {image}
You got lucky; that is not a Dance trade!
  • #10,760
  • May 20, 2014 3:47am May 20, 2014 3:47am
Quoting MisterC
{quote} You got lucky; that is not a Dance trade!
Exactly !!
Not recommended !!
The AUtrade was just lucky jump of !!
Risiko birgt immer auch die Chance.
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