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CHOROS System

  • #11,241
  • Aug 26, 2014 7:09am Aug 26, 2014 7:09am
Quoting TheLegendary
looks like a nice constrainment on gbp/usd with a lot of small pin bars cheers Andy {image}
Apologies for the lack of screenshot as off to sleep but made similar play on EUR/JPY and the 50MSMA. So far 3 1/2 hours later and it's -3.8 pips. LOL. Seems pretty quiet out there.
  • #11,242
  • Aug 26, 2014 10:46am Aug 26, 2014 10:46am
Quoting TheLegendary
looks like a nice constrainment on gbp/usd with a lot of small pin bars If it will close above the 10EMA, I will close my position. The market doesnīt move a lot. EDIT: News took me out of the trade. cheers Andy {image}
Yes , of course !
It was your fault to enter a trade 30 min before the news ..
Clearly in the manual: no trade 30 min before and after important news.
I only accept the " three bulls " as important enough to pay them attention.
I use Investing (dot) com.

I havenīt seen a good entry all the day anywhere..
Stopped watching during lunch time and decided to visit friends for a coffee .
Donīt forget .. the year end rally will come for sure !
And thatīs the time when the account grows extremly with this kind of trading.
In a couple of weeks all of us will post nice trades.

By the way , your entry wasnīt that good .. all three Maīs clearly seperated with the same spread .. no clear trend..
And no move the last candles before ..
Looked sideways for me .

The steepness of the angles is the confirming " Indicator"
If you stick to AAA Entries, your trading will be much more profitable..
Iīm sure youīll find this answer more than 50 times in this thread.
Good luck with your trading
Guido
Risiko birgt immer auch die Chance.
  • #11,243
  • Aug 26, 2014 3:50pm Aug 26, 2014 3:50pm
Quoting grantyboy
{quote} Apologies for the lack of screenshot as off to sleep but made similar play on EUR/JPY and the 50 SMA. So far 3 1/2 hours later and it's -3.8 pips. LOL. Seems pretty quiet out there.
Exited at BE due to appearance of porcupine. Good decision in hindsight as would have been stopped out.
  • #11,244
  • Edited 2:55am Aug 27, 2014 1:58am | Edited 2:55am
First trade of the day.

3 bars of constrainment against 35 SMA in a fine downtrend. (+ 2 bar touch of 10 EMA on 1 hr frame a little time ago).

EDIT: Yeah, that didnt go as planned. SL hit. Too much retrace in EUR.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 83 KB
  • #11,245
  • Edited 4:43am Aug 27, 2014 3:42am | Edited 4:43am
Hi folks,

I haven't been around for a while, work keeps me from trading, which probably isn't so bad during this time of the year.
However, today I accidently spotted a touch of the 4h EURUSD and since it's in a nice downtrend I shortet it.
Moved SL to BE after 7 pips of profit and now I wait if my target around the last 4h swing low will be hit (27 pips)

EDIT: Stopped out at BE
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-alpari-uk-ltd-temp-file-screenshot-54304-png.png Size: 10 KB
  • #11,246
  • Aug 27, 2014 3:51am Aug 27, 2014 3:51am
Quoting mortentrap
First trade of the day. 3 bars of constrainment against 35 SMA in a fine downtrend. (+ 2 bar touch of 10 EMA on 1 hr frame a little time ago). EDIT: Yeah, that didnt go as planned. SL hit. Too much retrace in EUR. {image}
I viewed this entry , but :
In fact the M15 EA price touched the 35 Sma a couple times .. so I wouldnīt have taken it in your case .
And your entry was very close to the DS1 .

Constrainment ?? -- good constrainments break " the line " very often and keep only the body of the candle
in trade direction .


In my words : Donīt jump on a train when itīs moving too long in the chart you get your entry.

The one and only reason to trade this chart around your entry was the next valid touch ( a first touch of the 50 Ema )

see your chart and possible entries below . The arrows show them .
There are more possible trades in it , but not clear enough for my taste .
And being picky brings the profit .

Next expected EA trade is the 35/ 50 bounde in H1

Hope this can help you to find good entries and keep more losers out .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDcM15.png 27.8..png Size: 38 KB
Risiko birgt immer auch die Chance.
  • #11,247
  • Aug 27, 2014 4:08am Aug 27, 2014 4:08am
Quoting Sesamstrasse
{quote} I viewed this entry , but : In fact the M15 EA price touched the 35 Sma a couple times .. so I wouldnīt have taken it in your case . And your entry was very close to the DS1 . Constrainment ?? -- good constrainments break " the line " very often and keep only the body of the candle in trade direction . In my words : Donīt jump on a train when itīs moving too long in the chart you get your entry. The one and only reason to trade this chart around your entry was the next valid touch ( a first touch of the 50 Ema ) see your chart and possible...
Thank you for the advices.

Talking about the first touches of the 35 sma and 50 ema, shouldnt they be hit after a maximum of 2 bars in retrace to be valid entries according to the rules?
  • #11,248
  • Aug 27, 2014 4:17am Aug 27, 2014 4:17am
Quoting mortentrap
{quote} Thank you for the advices. Talking about the first touches of the 35 sma and 50 ema, shouldnt they be hit after a maximum of 2 bars in retrace to be valid entries according to the rules?
As the rules say : two bar rule is always the best .
But in fact iīd keep an eye of the steepness of the angles when they touch as first ,
second is the spread between all the lines .


At the moment is the DP near this lines as a next " resistence " so :
If it touches now , when all parameters looks good , Iīd take it !

But when the price makes a " flat " the next few hours , without any priceaction , my advice is no more valid .
The dancing strategy / Choros can give you a good boost to your trading .
But itīs also a hard training to take only the good entries.
Guido
Risiko birgt immer auch die Chance.
  • #11,249
  • Aug 27, 2014 4:58am Aug 27, 2014 4:58am
Quoting ihezzz
Hi folks, I haven't been around for a while, work keeps me from trading, which probably isn't so bad during this time of the year. However, today I accidently spotted a touch of the 4h EURUSD and since it's in a nice downtrend I shortet it. Moved SL to BE after 7 pips of profit and now I wait if my target around the last 4h swing low will be hit (27 pips) EDIT: Stopped out at BE {image}
Itīs not a first touch 10 ema , and before the gap isnīt closed Iīd be very careful with short entries.
Guido
Risiko birgt immer auch die Chance.
  • #11,250
  • Aug 27, 2014 6:44am Aug 27, 2014 6:44am
what's the remedy those cant overlap session?
  • #11,251
  • Aug 27, 2014 6:53am Aug 27, 2014 6:53am
Quoting faststare08
what's the remedy those cant overlap session?
http://www.forexfactory.com/market.php
Scroll a little down and youīll find the overlap .

Otherwise take a look about the clock .
Risiko birgt immer auch die Chance.
  • #11,252
  • Aug 27, 2014 7:00am Aug 27, 2014 7:00am
Quoting Sesamstrasse
{quote} http://www.forexfactory.com/market.php Scroll a little down and youīll find the overlap . Otherwise take a look about the clock .
i mean I cant trade during overlap session. no remedy for that?
  • #11,253
  • Aug 27, 2014 7:03am Aug 27, 2014 7:03am
Quoting faststare08
{quote} i mean I cant trade during overlap session. no remedy for that?
Iīm sure youīll find some pairs in your timezone you can trade .
minimum one market should be open in this pair to make sure to have enough " power " in the market to reach your target.

With this kind of trading you can trade ketchup vs. mayonaise if you want .

But it needs training .
Risiko birgt immer auch die Chance.
  • #11,254
  • Aug 27, 2014 7:10am Aug 27, 2014 7:10am
nice one. thanks.
  • #11,255
  • Aug 28, 2014 3:15am Aug 28, 2014 3:15am
Quoting Sesamstrasse
{quote} As the rules say : two bar rule is always the best . Guido
Hi Guido,

I've read the manual a few times and also been through a fair few pages of the thread and with regard to this "two bar rule", does that apply to the 35 SMA and 50 EMA? If so it would be rare in conjunction with the required angle and in the manual I've seen some of clay's example where that wasn't the case. You're guidance would be appreciated.
  • #11,256
  • Edited 4:39am Aug 28, 2014 3:53am | Edited 4:39am
First trade

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD buy.png Size: 103 KB



.....closed at BE. small rally, no follow through and news 30 mins away. Also 10EMA close by on Daily.
  • #11,257
  • Aug 28, 2014 9:27am Aug 28, 2014 9:27am
Quoting grantyboy
{quote} Hi Guido, I've read the manual a few times and also been through a fair few pages of the thread and with regard to this "two bar rule", does that apply to the 35 SMA and 50 EMA? If so it would be rare in conjunction with the required angle and in the manual I've seen some of clay's example where that wasn't the case. You're guidance would be appreciated.
Hi , havenīt been in the office all day , so here it is :
The manual is incredible !
And this thread is really long , I know..
For the start Iīd say read the original as first .
http://www.forexfactory.com/showthread.php?t=224697

Clay did a incredible well explained work , itīs soooo much incredible information and itīs just around 130 pages .
So you can see quick how large the opportunities are when you trade this style.

And now to your question .
1 Iīd always have a look about the steepnes of the angles as first.
2 Can I imagine the price will continue in the direction of the trend ( like in the morning .. no speacial important news expected or so the next 45 min or longer)

For me itīs more important if the chart gives me picture that I understand!
If the 35sma and the 50 ema are very close to eachother , but the 10 ema has a wide spread , thatīs the time for AAA entries.
That means if the price ran with the trend an Iīm sure it will continue , Iīm waiting for a retrace .
Specially with one or two big candles( two bar rule ) like in a post I did , a couple of days ago:
http://www.forexfactory.com/showthre...65#post7691765

These cases happens not every day , but in the end of the week you īll have more green pips than red !
Itīs a mix from strictly to the rules , patience and uuuuuh many many screen hours.
A good advice is : Use the simulator !
Put it to the fastest level and only watch it a couple of minutes every day.
Youīll see these trades are possible!
Hope that helped.
Guido
Risiko birgt immer auch die Chance.
  • #11,258
  • Aug 28, 2014 8:37pm Aug 28, 2014 8:37pm
Quoting Sesamstrasse
{quote} Hi! Hope that helped. Guido
Thanks for the detailed explanation and yes it did help.
  • #11,259
  • Edited 3:21am Aug 29, 2014 2:36am | Edited 3:21am
Sell EURJPY. flat but confluence of 15M 35&50 and also 1H 10EMA.

SL 15
TP 20

Apologies for late screenshot

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 31 KB



Moved SL down to 6...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 29 KB



Closed out at BE. In hindsight shouldn't have been in it to begin with.
  • #11,260
  • Aug 29, 2014 2:53am Aug 29, 2014 2:53am
Quoting grantyboy
Sell EURJPY. flat but confluence of 15M 35&50 and also 1H 10EMA. SL 15 TP 20 Apologies for late screenshot {image}
Flat but flat !
Itīs more betting than trading in this case!!

May be you īll get your target , but that will lead you to the result :
What worked one time -- will work a second time ..
And a couple of trades later you have red pips and you donīt know exactly why your trading doesnot work ..

Patience buddy patience !!
H1 isnīt that steep to count it as a " entry " ..
And donīt forget : FOFO was only 2-3 candles before you entered in EJ m15 .
Very often the market tricks with a FOFO and turns back !!
I made this mistake often and it was expensive .. expensive enough to have an eye on it and do nothing
Use the simulator a little more to see what are " real good " entries ..
That helps much to keep the patience and trains your eye for these cases .
Guido
Risiko birgt immer auch die Chance.
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