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CHOROS System

  • #11,721
  • Jan 23, 2015 8:15am Jan 23, 2015 8:15am
aaarrrh .. missed my entry about 2 pips or so ..
.. I really didn t expect a 500 pips move without any retrace in this pair ..
Looks like market is tricking me since yesterday ..
this is only one of my expected entries to get my piece of the cake

I tried this morning also to get the first touch 10 Ema ..

The next chance is a 50 bounce??
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,722
  • Jan 28, 2015 9:37am Jan 28, 2015 9:37am
M1 , EU 50 touch .
after 5 pips triggered to BE , TP was below the last low ( about 14 pips ) , initial SL 5 ..

.. finally stopped BE +1

In m1 trading , I only accept the 50 ema as the correct one for a bounce!
Guido
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,723
  • Jan 28, 2015 10:01am Jan 28, 2015 10:01am
Just wanted to say hi to the gang.
I am not posting much, but I am following your posts when I can. :nerd:
Still trading the old boring way, so not much to add to your contributions.
Glad to see that some members of the thread are crossing to the profitable side.
Good luck to all !
  • #11,724
  • Jan 28, 2015 10:30am Jan 28, 2015 10:30am
Quoting kostas1
Just wanted to say hi to the gang. I am not posting much, but I am following your posts when I can. :nerd: Still trading the old boring way, so not much to add to your contributions. Glad to see that some members of the thread are crossing to the profitable side. Good luck to all !
Hello

And how's the trade going? I hope black Thursday hasn't surprise you?

I started doing choros on 4h and 1d with proper mm - better for my impatience and maybe I am not winning but not losing either
And I want to try 15m again. You still inspire me ;-) this time my s/l will be 15pips@1% so bit more for price to breathe, and will try to follow max 2 pair at a time
Difficulties I find with choros is that in manual it is easy to spot trade signal after it had happened, but often price bounces few pips away from 10 ema and it is confusing as sometimes I was trying to catch a trade once price is few pips from 10 ema and you think it will bounce of the point and then it goes further towards 10 ema, hits s/l and then goes your desired direction ;-)
Will try again, hope some day It will work
On my way to financial independence - if others can do it - I can do it
  • #11,725
  • Jan 29, 2015 3:35am Jan 29, 2015 3:35am
Quoting Eur Usd
{quote} Hello And how's the trade going? I hope black Thursday hasn't surprise you? I started doing choros on 4h and 1d with proper mm - better for my impatience and maybe I am not winning but not losing either And I want to try 15m again. You still inspire me ;-) this time my s/l will be 15pips@1% ("15pips@1%") so bit more for price to breathe, and will try to follow max 2 pair at a time Difficulties I find with choros is that in manual it is easy to spot trade signal after it had happened, but often price bounces few pips away from 10 ema and...

I totally agree with you .. , it´s horror if you wait for a touch , specially in higher timeframes than h1 ..
you set your pending on the line.. and the price misses it about 2..4..5 pips and makes a wonderful move.
That s why I don t trade the higher TF´s in this strategy .. it´s too many patience for me and my trading style .
But the lower timeframes gives enough signals during a day.. and the price still dances nicely with the lines..
The only thing , what I changed for my trading is to pay most attention to 10 + 50 ema and the 35 sma is my " trenddirection " indicator ,
very rare I trade touches with it ..
Guido
Risiko birgt immer auch die Chance.
  • #11,726
  • Feb 2, 2015 10:22am Feb 2, 2015 10:22am
EU m15 , 50 bounce , quick scalp + 8 pips clean
I didn t like the steepness of the 50 ema , so I kicked it out when it reached the 10 Ema .
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,727
  • Edited 8:57am Feb 3, 2015 8:23am | Edited 8:57am
Quoting Sesamstrasse
EU m15 , 50 bounce , quick scalp + 8 pips clean I didn t like the steepness of the 50 ema , so I kicked it out when it reached the 10 Ema . {image}

EU m1 50 touch .......... 5 pips clean( spread + comm. )in my pocket
Someone else posting some trades ?
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,728
  • Feb 3, 2015 1:09pm Feb 3, 2015 1:09pm
Hello dancers!

After a realy bad starting of the year (because of my emotions)
today took some pips after a lucky trade.
A very powerfull trend m5 & m15 but a late entry.
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  • #11,729
  • Feb 4, 2015 6:06am Feb 4, 2015 6:06am
Quoting makonen
Hello dancers! After a realy bad starting of the year (because of my emotions) today took some pips after a lucky trade. A very powerfull trend m5 & m15 but a late entry. {image}
Nice man !!
Many traders have something in common : The bad january!!

I had it speacially last year, so I don t trade in january that much ..


But now is february ..

'Here is my 50 bounce EU m1 , 8 pips

Keep on rockin
Guido
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Risiko birgt immer auch die Chance.
  • #11,730
  • Feb 4, 2015 6:08pm Feb 4, 2015 6:08pm
Yes Sesam,
February seems better.
Took this trade m5/12 after the big drop ej with initial tp=yLow.
But chickened out at +5 because of the big volatility these days.....
tp hit without me...
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  • #11,731
  • Feb 6, 2015 7:16am Feb 6, 2015 7:16am
Quoting makonen
Yes Sesam, February seems better. Took this trade m5/12 after the big drop ej with initial tp=yLow. But chickened out at +5 because of the big volatility these days..... tp hit without me... {image}

Hey Makonen , yes I agree with you ..
February works much better.
I took today the 50 Eu in H1 , my entry wasn t that good .
after 7 pips in profit triggered to BE .. and got stopped +1
If my entry had been exactly at the touch , I had my tp around 15 pips reached..
But , there is no had... if ..iff, iffff. --
No exceauses for such a too " early " entry ..
But a dead end on a 50 happens not every day .. , next time I hunt it again with a pending order exactly at the line and not 6 pips later .

Have a nice weekend
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Risiko birgt immer auch die Chance.
  • #11,732
  • Feb 9, 2015 6:46am Feb 9, 2015 6:46am
24 pips in Eu M15 , first touch 10 ema . #
The reason to enter it was the " bounce" on the round number 113.

it retraced nicely and touched my 10 ema .. Jumped in with a double portion .
Account made a new alltime high

May be I´m done for this week hahahahahaa
Guido
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,733
  • Feb 9, 2015 10:45am Feb 9, 2015 10:45am
"Account made a new alltime high "

Great news my friend!
At this point don't let your enthusiasm distracting your focus.
Deal with it like it's a normal day.
With your success there will be many of these...
  • #11,734
  • Feb 9, 2015 6:18pm Feb 9, 2015 6:18pm
very good Sesam!

on Monday I was negative.
A failed trade (very early h1/10 before go to sleep...) image2
When a new week starts it is very dangerous I know......
and at the morning a scoup up m5 trade (I have seen this technik at Kostas trades) Image1
Attached Images
  • #11,735
  • Feb 10, 2015 7:07am Feb 10, 2015 7:07am
Quoting kostas1
"Account made a new alltime high " Great news my friend! At this point don't let your enthusiasm distracting your focus. Deal with it like it's a normal day. With your success there will be many of these...
Kostas, can I ask you a question? I remember that you posted about "fear of big account numbers" in the beginning of this thread. You wanted to trade the same account size for some time to get used to it iirc. Was this how you were able to trade larger and larger size in the end?
  • #11,736
  • Feb 10, 2015 11:14am Feb 10, 2015 11:14am
Quoting That guy
{quote} Kostas, can I ask you a question? I remember that you posted about "fear of big account numbers" in the beginning of this thread. You wanted to trade the same account size for some time to get used to it iirc. Was this how you were able to trade larger and larger size in the end?
Yes, in the beginning it is probably true for most traders (well at least it was for me...). When my account started growing and the $$ for the same pips was getting bigger, it took me some time to get used to it. I am sure this can vary greatly for different people, and it will also depend on his/her general financial situation.
My advice would be to trade smaller if you feel uncomfortable with the amount that you risk. On the other hand, as you start feeling more safe with your trade's success you should increase the lot size, otherwise you will miss one of the advantages of forex.
  • #11,737
  • Feb 12, 2015 7:30am Feb 12, 2015 7:30am
Dead end on a Ma .. scalped a little more than 8 pips clean out.
Target was the 10 Ema .. reached .. EU M15
Its a tricky week with many overrunning stops in EU , so I hope the market makes clear moves after the news.
Guido
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #11,738
  • Feb 13, 2015 11:00pm Feb 13, 2015 11:00pm
Hi guys,

Thanks for the great thread - I'm going to spend this weekend studying it.

Cheers,
Ivan
  • #11,739
  • Feb 16, 2015 7:53am Feb 16, 2015 7:53am
What a lovely day..
I really thought it can t be a good trading day when US is closed.
So I used only the small timeframes to scalp some small pips with bigger lots.

The result is

Here are 2 of my seven scalps today, all green.

Buth EU
M5 , touch 10 ema + 6 pips or so ..
M1 50 touch + 6 pips

Guido
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Risiko birgt immer auch die Chance.
  • #11,740
  • Feb 16, 2015 2:24pm Feb 16, 2015 2:24pm
Hello dancers!
classic m5/12 (almost first touch ) trade.
tp=s3& RN hit.
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