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CHOROS System

  • #11,501
  • Oct 1, 2014 3:06am Oct 1, 2014 3:06am
first trade today: +15 pip

nice Pin bar rejection, M15 35/50 and H1 10 two bar touch, RN 0.8700
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  • #11,502
  • Oct 1, 2014 4:10am Oct 1, 2014 4:10am
Trade taken in EUR USD.

Round number, taken on first bar pullback to 10 EMA.
Attached Image (click to enlarge)
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  • #11,503
  • Oct 1, 2014 4:30am Oct 1, 2014 4:30am
Quoting Intense
Trade taken in EUR USD. Round number, taken on first bar pullback to 10 EMA. {image}
what i see is that the trade ema10 has more than 2 bars.

so from my experience and simulator trading they are more risky.
  • #11,504
  • Oct 1, 2014 4:41am Oct 1, 2014 4:41am
Quoting Intense
Trade taken in EUR USD. Round number, taken on first bar pullback to 10 EMA. {image}
I took the same trade. Not stopped yet, but its not looking good...
  • #11,505
  • Oct 1, 2014 5:12am Oct 1, 2014 5:12am
Quoting yag
{quote} what i see is that the trade ema10 has more than 2 bars. so from my experience and simulator trading they are more risky.
THe trade was actually taken on the bar before the last one here (spreads and stuff). So i regarded this to not being more than two bars.
Had a pretty tight stop, so I have been stopped out on this now.
  • #11,506
  • Oct 1, 2014 5:27am Oct 1, 2014 5:27am
Quoting Intense
{quote} THe trade was actually taken on the bar before the last one here (spreads and stuff). So i regarded this to not being more than two bars. Had a pretty tight stop, so I have been stopped out on this now.
I got stopped too. Had a stop at 1.2610 above previous support level.
  • #11,507
  • Oct 1, 2014 5:29am Oct 1, 2014 5:29am
Kostas could you please post some of your trades, it is really inspiring
  • #11,508
  • Oct 1, 2014 5:37am Oct 1, 2014 5:37am
Quoting yag
{quote} what i see is that the trade ema10 has more than 2 bars. so from my experience and simulator trading they are more risky.
good observation ..
.. two bar rule .. needs two bars to retrace .
Itīs a kind of discretion when and how to get the " retrace " exactly at the touch ..
Works fine in luquid sessions.
Nothing is 100 % , but the safest ones are with the two bar rule..
Guido
Risiko birgt immer auch die Chance.
  • #11,509
  • Oct 1, 2014 5:40am Oct 1, 2014 5:40am
Quoting Intense
Trade taken in EUR USD. Round number, taken on first bar pullback to 10 EMA. {image}
Good trade!
I had also have taken it , if i saw it .. but wasnīt onn my screen .
Donīt forget .. nothing is 100 % .. sometimes it just donīt work ..
Guido
Risiko birgt immer auch die Chance.
  • #11,510
  • Oct 1, 2014 6:01am Oct 1, 2014 6:01am
Quoting Sesamstrasse
{quote} Good trade! I had also have taken it , if i saw it .. but wasnīt onn my screen . Donīt forget .. nothing is 100 % .. sometimes it just donīt work .. Guido

Absolutely, I am happy if I am 60% with good R/R. Even if it was a loser, it did not scare me from entering the 2 bar touch of the 10EMA on the 1H. Bar also closed "on" the 10 EMA as you guys have talked about. So went short again, and now out for 20+ pips. So all in all stil 12+ in this pair today.
Attached Image (click to enlarge)
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I hope it was not a too "cocky" of a trade and that I didnt just get "lucky" with it.
  • #11,511
  • Oct 1, 2014 6:09am Oct 1, 2014 6:09am
Quoting yag
first trade today: +15 pip nice Pin bar rejection, M15 35/50 and H1 10 two bar touch, RN 0.8700 {image}
Nice trade.
  • #11,512
  • Edited 2:30am Oct 3, 2014 12:23am | Edited 2:30am
having the worst week ever. Nothing seems to be working. -8% so far and probably need to just quit for the week.


EDIT: recovered 2% so now only -6%.
  • #11,513
  • Oct 3, 2014 2:28am Oct 3, 2014 2:28am
Quoting grantyboy
having the worst week ever. Nothing seems to be working. -8% so far and probably need to just quit for the week.
Sorry to hear. It is never fun losing. But keep in mind that a 8 % drawdown would not be considered too much of a drawdawn by most.
  • #11,514
  • Oct 3, 2014 2:31am Oct 3, 2014 2:31am
First trade today, lets see how it goes.

Som previous S/R, 10EMA touch on 15M chart EURAUD.

Looks good on the pic, but is not doing too well right now. If I had moved stops to BE i would be out now. But I have been doing some testing lately and noticed that I would have a better % gain if i stopped moving to BE too fast. So trying this style out at the moment.

Attached Image (click to enlarge)
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  • #11,515
  • Oct 3, 2014 2:50am Oct 3, 2014 2:50am
Quoting Intense
First trade today, lets see how it goes. Som previous S/R, 10EMA touch on 15M chart EURAUD. Looks good on the pic, but is not doing too well right now. If I had moved stops to BE i would be out now. But I have been doing some testing lately and noticed that I would have a better % gain if i stopped moving to BE too fast. So trying this style out at the moment. {image}
Yeah EURAUD was where I got punished today although I made the 2% back on a constrainment entry just prior to that move down. Non-Farm employment news today which tends to create patchy volatility so might just sit out the rest and come back next week.

All the best Intense.
  • #11,516
  • Oct 3, 2014 4:19am Oct 3, 2014 4:19am
Quoting grantyboy
{quote} Yeah EURAUD was where I got punished today although I made the 2% back on a constrainment entry just prior to that move down. Non-Farm employment news today which tends to create patchy volatility so might just sit out the rest and come back next week. All the best Intense.
Yes , speciallly the NFP days can be very harsh .
Some days were incredible good, some incredible bad .

But a good thing is to post also the bad trades .
That gives you a chance to find out what happened !
8% drawdown is not nice.. but itīs not much !
Take a rest and relax , market will be open also next weeks and months
Wish you a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #11,517
  • Edited 7:41am Oct 3, 2014 7:03am | Edited 7:41am
Quoting Sesamstrasse
{quote} Yes , speciallly the NFP days can be very harsh . Some days were incredible good, some incredible bad . But a good thing is to post also the bad trades . That gives you a chance to find out what happened ! 8% drawdown is not nice.. but itīs not much ! Take a rest and relax , market will be open also next weeks and months Wish you a nice weekend Guido
Thanks for your kind thoughts Guido and Intense. Nice to know there are those that will offer a thoughtful comment rather than judgement.

In fairness to CHOROS, I was the problem and not the strategy. I entered when ma's were flat, I entered when close to a higher timeframe ma in the opposite direction, i entered when i could clearly see p/a flopping around with no direction. In summary, I chased the market around like a dog chasing its tail.

Next week is a new week and my only masters will be discipline and patience.



Edit: not a choros trade but gained +3% back from the nfp news. Total -3% down to end week. A lot better than 4 hours ago.
  • #11,518
  • Oct 3, 2014 7:42am Oct 3, 2014 7:42am
Quoting grantyboy
{quote} Thanks for your kind thoughts Guido and Intense. Nice to know there are those that will offer a thoughtful comment rather than judgement. In fairness to CHOROS, I was the problem and not the strategy. I entered when ma's were flat, I entered when close to a higher timeframe ma in the opposite direction, i entered when i could clearly see p/a flopping around with no direction. In summary, I chased the market around like a dog chasing its tail. Next week is a new week and my only masters will be discipline and patience.

Just a tip.. , may be it can help during a losing streak :

USE THE SIMULATOR !!

I still do it .. 10- 20 minutes a week..
Cable , m15 .. choros template .... put it to the highest level ( 32 I think ) ...
and let it run until the MAīs getting steep.... then .. make it slow.. look for a great entry .. take it .. and earn green pips.
If you do it sometimes, itīll give you confidence and patience to see what is a really good entry and wait until you can get it right.
It ll really help you to let the market run without you and take only AAA entries .
In that reason you MUST be profitable , or you do many things wrong..
Hope that helps you to find good entries.
And one more thing that can help :
There is no need to trade every day!!
Guido
Risiko birgt immer auch die Chance.
  • #11,519
  • Oct 3, 2014 8:03am Oct 3, 2014 8:03am
Quoting Sesamstrasse
{quote} Just a tip.. , may be itcan help during a losing streak : USE THE SIMULATOR !! I still do it .. 10- 20 minutes a week.. Cable , m15 .. choros template .... put it to the highest level ( 32 I think ) ... and let it run until the MAīs getting steep.... then .. make it slow.. look for a great entry .. take it .. and earn green pips. If you do it sometimes, itīll give you confidence and patience to see what is a really good entry and wait until you can get it right. It ll really help you to let the market run without you and take only AAA entries...
Thanks for your guidance Guido. I must admit that I actually know when I'm taking a sub optimal trade. The problem is that even though I know, I still seem to think "oh well its just lower probability but theres still a good chance it will go my way". I get proven wrong by the market time and time again but I still kept doing it this week. Tiredness and a lot of work on at the moment may have been a distraction too but I wont make them an excuse.

I'll take your advice and spend more time on thr simulator to keep myself "in tune" with the dance of choros.
  • #11,520
  • Oct 3, 2014 8:41am Oct 3, 2014 8:41am
Hello dancers!
Pure m5/12 choros after the news +15.
Many pips to all.
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