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CHOROS System

  • #10,801
  • May 22, 2014 5:19am May 22, 2014 5:19am
Quoting understandFX
Fourth trade USDCHF sell, SL7/TP22 touch of 10 EMA and 35 SMA 1H (light grey line) angle of 10 EMA looks good {image}
aaah , 10 ema not steep enough , both others 35+ 50 flat .. aah no ..
Look on higher tfīs , if they confirm ( confluence) enter .. if not .. no entry ..
Guido
Risiko birgt immer auch die Chance.
  • #10,802
  • May 22, 2014 5:27am May 22, 2014 5:27am
Quoting Sesamstrasse
{quote} Sorry , very busy at the moment .. cannot commend all trades .. lurking from time to time and try to help .... ..... no time for trading as well .. made just 10 trades the last weeks ... But no .. the two bar rule is good .. but not the most important IMO !! but look for : " dead end " on Maīs !!!!!!!!!!!!!! normally when a bar comes the last few seconds to a Ma , before bar closed !!!! thatīs normally a great entry !!!!!!!!!!!! it punches normally quickly 3-7 pips in the direction of the trade .. so quickly to BE and let it run to the target....
Your answer clarify this entry. Thanks
My target on cable - I was too optimistic, should grab +15 pips and run away but GREED!!! clouded my decision...
  • #10,803
  • May 22, 2014 5:44am May 22, 2014 5:44am
Quoting understandFX
{quote} Your answer clarify this entry. Thanks My target on cable - I was too optimistic, should grab +15 pips and run away but GREED!!! clouded my decision...
My experience in choros/ dance says :
2 of 3 trades m15 , first touch works normally ..with a TP 8-15 pips ( depends on the pair )
But of course there are sometimes bad days.. hellllll ooh man .. isnīt there a way to mark these days before trading ??
But all in all , I produce green pips and thatīs the most important in this game
Risiko birgt immer auch die Chance.
  • #10,804
  • May 22, 2014 5:57am May 22, 2014 5:57am
Quoting Sesamstrasse
{quote} My experience in choros/ dance says : 2 of 3 trades m15 , first touch works normally ..with a TP 8-15 pips ( depends on the pair ) But of course there are sometimes bad days.. hellllll ooh man .. isnīt there a way to mark these days before trading ?? But all in all , I produce green pips and thatīs the most important in this game
When I find a way to predict bad days I will share this secret with you
Great to know you are producing green pips consistently.
  • #10,805
  • May 22, 2014 6:23am May 22, 2014 6:23am
End of trading for today
-7 BE(+2) -7 -7
my skills are not good enough
  • #10,806
  • May 22, 2014 6:28am May 22, 2014 6:28am
Quoting understandFX
{quote} When I find a way to predict bad days I will share this secret with you Great to know you are producing green pips consistently.
Jep successful !
But I had also during the last months incredible results + terrible days or weeks.
Decided to donot watch every day the charts ..
I changed my moneymanagement to 1,5-2 % each trade .. a couple of weeks ago
Since that moment same results but much more time for my work and sparetime .
But also changed my trading to 1-3 trades Maximum a day .
Not every day trading .. and max 8 trades a week .
for a " ex scalper " with 30-50 orders a day itīs the devilish thing .. but works fine .
Play with your skills !
In M15 this strategy is incredible good .. itīs just me who does not feel comfortable with other timeframes in this strategy ..
Risiko birgt immer auch die Chance.
  • #10,807
  • May 22, 2014 6:33am May 22, 2014 6:33am
Quoting Sesamstrasse
{quote} Jep successful ! But I had also during the last months incredible results + terrible days or weeks. Decided to donot watch every day the charts .. I changed my moneymanagement to 1,5-2 % each trade .. a couple of weeks ago Since that moment same results but much more time for my work and sparetime . But also changed my trading to 1-3 trades Maximum a day . Not every day trading .. and max 8 trades a week . for a " ex scalper " with 30-50 orders a day itīs the devilish thing .. but works fine . Play with your skills ! In M15 this strategy...
So less is more 30-50 orders vs 1-3 you need more discipline to be patient enough.
I am going to improve my skills that's why I am posting there all my trades good and bad ones.
  • #10,808
  • May 23, 2014 12:28am May 23, 2014 12:28am
Hey, do you guys have any experience with other pairs or timeframes in addition to the pdf-manual. My problem is that I am in Europe so I am at work during the European session. Are there other pairs and times that work?
  • #10,809
  • May 23, 2014 12:43am May 23, 2014 12:43am
Quoting SlapShot
Hey, do you guys have any experience with other pairs or timeframes in addition to the pdf-manual. My problem is that I am in Europe so I am at work during the European session. Are there other pairs and times that work?
yes we have !!its all in this thread . Guido
Risiko birgt immer auch die Chance.
  • #10,810
  • Edited 2:16am May 23, 2014 1:46am | Edited 2:16am
First trade
EURJPY sell, SL7/TP15
touch od 10 EMA

Attached Image (click to enlarge)
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EDIT
stopped at -7 pips

Attached Image (click to enlarge)
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  • #10,811
  • May 23, 2014 2:23am May 23, 2014 2:23am
Quoting understandFX
First trade EURJPY sell, SL7/TP15 touch od 10 EMA {image} EDIT stopped at -7 pips {image}

.. a second touch .. and a doji .. why do you enter this shit ??

Please read the manual again !
You did a classic bad trade!

Stick to the good ones .. only then you will make profit !!
Otherwise you waste time and money !
Risiko birgt immer auch die Chance.
  • #10,812
  • May 23, 2014 2:45am May 23, 2014 2:45am
Quoting Sesamstrasse
{quote} .. a second touch .. and a doji .. why do you enter this shit ?? Please read the manual again ! You did a classic bad trade! Stick to the good ones .. only then you will make profit !! Otherwise you waste time and money !
I did enter at the close of bar before doji formed but at the end it did not make any difference.
  • #10,813
  • May 23, 2014 3:06am May 23, 2014 3:06am
Quoting understandFX
{quote} I did enter at the close of bar before doji formed but at the end it did not make any difference.
Please watch your chart again !!:nerd:
The one and only entry was 2 candles before your entry !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and that doji formed exactly one candle before your entry !!!

Back to the manual !
Risiko birgt immer auch die Chance.
  • #10,814
  • May 23, 2014 3:28am May 23, 2014 3:28am
Quoting Sesamstrasse
{quote} Please watch your chart again !!:nerd: The one and only entry was 2 candles before your entry !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! and that doji formed exactly one candle before your entry !!! Back to the manual !
OK
  • #10,815
  • May 23, 2014 4:06am May 23, 2014 4:06am
One trade today -7 pips.
I'll go back to study manual before Monday.
Have a nice weekend
  • #10,816
  • May 23, 2014 4:55am May 23, 2014 4:55am
Quoting understandFX
One trade today -7 pips. I'll go back to study manual before Monday. Have a nice weekend
On page 15 there is a scoring methodology...it can be a very useful guideline
  • #10,817
  • May 26, 2014 3:27am May 26, 2014 3:27am
Quoting MisterC
{quote} On page 15 there is a scoring methodology...it can be a very useful guideline

I read it again over the weekend. You definitely need to re-read manual several times
  • #10,818
  • May 26, 2014 3:39am May 26, 2014 3:39am
Hi guys, can you share your opinion on the setups below. Would it be valid entries?
I am not trading them just took screenshots and want to know your opinion.
All three are on 1H timeframe.

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Attached Image (click to enlarge)
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  • #10,819
  • Edited 6:48am May 26, 2014 6:36am | Edited 6:48am
Quoting understandFX
Hi guys, can you share your opinion on the setups below. Would it be valid entries? I am not trading them just took screenshots and want to know your opinion. All three are on 1H timeframe. {image} {image} {image}
Two of them are valid !
Specially the EU was perfect !
reason : new candle opened on a Ma ( Starting a " dead end "on a MA )

EurAud is a nice one ! The price bounced the 35 + 50 Ema ...

Only the last one UsdChf isnīt s !
..reason : angles are not steep enough !.


But I donīt like higher timeframes in dancing ...
For a larger TF , you need a larger SL and TP .... just I never felt comfortable with it ..
Risiko birgt immer auch die Chance.
  • #10,820
  • May 26, 2014 6:54am May 26, 2014 6:54am
Quoting Sesamstrasse
{quote} Two of them are valid ! Specially the EU was perfect ! reason : new candle opened on a Ma ( Starting a " dead end "on a MA ) Only the last one UsdChf isnīt s ! ..reason : angles are not steep enough !. But I donīt like higher timeframes in dancing ... For a larger TF , you need a larger SL and TP .... just I never felt comfortable with it ..
Thanks for reply
My plan is to trade on 15M charts but as today's market is quiet I had a look at 1H just for practice (not for trading) and to test if my studying manual and this thread over weekend has any positive outcome.

EU at the point of my print screen started to reverse - would you call it a TOUCH or BOUNCE

and for USDCHF price touched RN (which proved to hold quite well as S/R - look left on chart) wouldn't that count as a confluence

Just a few more questions to understand it better
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