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CHOROS System

  • #11,761
  • Mar 2, 2015 5:16am Mar 2, 2015 5:16am
Quoting Eur Usd
{quote} I have tried the 1m frame trading today and I am amazed. Made 7,2% profit with 27 pips. Signals come more often but it seems easier than 15m as I don't lose my patience. Will see how it goes but I was near to give up on trading and now am full of hope again ;-)
.......... just one good advice :

stop it for today!!

Continue tomorrow.
27 pips in m1 is a very good result .

After + 20 I stop , mostly after + 12 or 15 pips ..
good job and stay green, Guido
Risiko birgt immer auch die Chance.
  • #11,762
  • Mar 2, 2015 5:46am Mar 2, 2015 5:46am
Quoting Eur Usd
{quote} I have tried the 1m frame trading today and I am amazed. Made 7,2% profit with 27 pips. Signals come more often but it seems easier than 15m as I don't lose my patience. Will see how it goes but I was near to give up on trading and now am full of hope again ;-)
Actually it is 10.1% profit for the day at only 33 pips. A year like that would make me pretty wealthy but it's just a dream.
My main concern in my life is to pay off mortgage as quick as possible. We live 1000 miles away from family, and just a thought we could lose the house due to lack of jobs or some illness scares me. If it was for me I wouldn't bother, but for the wife and son? Seeing them losing house would be heartbreaking, and coming back to my parents or in laws to ask them to take us in would be personal failure. I have to pay it off one way or another and fx is just one choice. I am thinking of my own small business.
On my way to financial independence - if others can do it - I can do it
  • #11,763
  • Mar 2, 2015 5:47am Mar 2, 2015 5:47am
Quoting Sesamstrasse
{quote} .......... just one good advice : stop it for today!! Continue tomorrow. 27 pips in m1 is a very good result . After + 20 I stop , mostly after + 12 or 15 pips .. good job and stay green, Guido
I have stopped for the day as I know myself and know that with few % profit greed and will to "become rich today" will take over and lead to failure ;-)
Will try tomorrow as well and hope the 1m will work for me. With my mm on 1m 3 pips is 1% profit and my target is 7 pips
On my way to financial independence - if others can do it - I can do it
  • #11,764
  • Mar 2, 2015 7:41am Mar 2, 2015 7:41am
Enter at 10Ema pullback on M15, i guess it was the second pullback or 10Ema not steep enough, got Stop out on my SL at -12
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  • #11,765
  • Mar 2, 2015 8:26am Mar 2, 2015 8:26am
Quoting sam400
Enter at 10Ema pullback on M15, i guess it was the second pullback or 10Ema not steep enough, got Stop out on my SL at -12 {image} {image}

Welcome here!

I was exactly in the same trade , sometimes it just don t work .
Some hours ago I tried a 50 Touch
H1 in EU , and got stopped as well ..
Try to find another entry tomorrow.


Guido
Risiko birgt immer auch die Chance.
  • #11,766
  • Edited 9:28am Mar 2, 2015 9:09am | Edited 9:28am
Thank you for the welcome i'm following this thread and the dance for a long time, but mostly just done Tester and Demo, now i got more time to dedicate to it so is time to post, saw this touch of the 50SMA right now, haven't trade because 10EMA is Scoop up
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  • #11,767
  • Mar 4, 2015 11:27am Mar 4, 2015 11:27am
Hello dancers!

After a no signal days Monday & tuesday
Today took this m5/12 first touch (right on the 12ema) also RN break & retest.
TP dailyS3 hit.
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  • #11,768
  • Mar 6, 2015 8:14am Mar 6, 2015 8:14am
again m5/12 & first touch
trend bearish in all timeframes.
have a nice weekend!
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  • #11,769
  • Mar 9, 2015 1:59am Mar 9, 2015 1:59am
does the strategy works with m1 timeframe also? i didn't understand...
  • #11,770
  • Edited 4:41am Mar 9, 2015 2:17am | Edited 4:41am
Quoting foxerr
does the strategy works with m1 timeframe also? i didn't understand...

good morning ,
yes.. it works in all timeframes .

But ,make sure the m1 works with you . ( I can t trade this strategy in H4 and higher , but in m1 to H1 its bread and butter )
And its a lot of training required to see wich entry to take and wich better let run .
Its not a " mechanical strategy " , some knowledge of the markets is required as in every price action based strategy .
means : training , training ,training .
All answers are in the thread .

Hope that helped .
Guido
Risiko birgt immer auch die Chance.
  • #11,771
  • Mar 9, 2015 10:02pm Mar 9, 2015 10:02pm
I have a question regarding the rules, should I only trade in the same direction as the MA 140, MA200 ,MA 248. Or just the MA35/50. ?? Has anyone been profitable with this system?
  • #11,772
  • Edited 3:36am Mar 10, 2015 1:28am | Edited 3:36am
Quoting iCarumba
I have a question regarding the rules, should I only trade in the same direction as the MA 140, MA200 ,MA 248. Or just the MA35/50. ?? Has anyone been profitable with this system?
10 Ema 35 Sma and 50 Ema are the basics of this system .
And for answering your last question ;
11000 posts of a not lucrative system ?
Do your work and read the thread , its all information in it .
Guido
Risiko birgt immer auch die Chance.
  • #11,773
  • Mar 10, 2015 4:50am Mar 10, 2015 4:50am
What is the correct entry size for an account about 5000 usd? 0.10 or 0.50 minilots? thanks
  • #11,774
  • Mar 10, 2015 5:13am Mar 10, 2015 5:13am
Is there any specific rules for entry? Like buy or sell on the start of a new candle or buy on the tip of the last candle etc2?
  • #11,775
  • Mar 10, 2015 6:03am Mar 10, 2015 6:03am
Quoting foxerr
What is the correct entry size for an account about 5000 usd? 0.10 or 0.50 minilots? thanks

depends on your moneymanagement .
If you wanna risk 1 , 10 or even 100% of your initial deposit.

For a 5 K account , 20 pips SL and 20 TP , a 0,5 lot order is about 2% .
........5 k account , 200 SL............ 200 TP, 05 is about 20 % .................. and so on .

You can find such examples on :
Babypips dot com , what is a good start for learning lotsizes, moneymanagement , placing orders and many more.
hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #11,776
  • Edited 6:23am Mar 10, 2015 6:06am | Edited 6:23am
Quoting iCarumba
Is there any specific rules for entry? Like buy or sell on the start of a new candle or buy on the tip of the last candle etc2?
Ey common , you didn t read the smallles piece of this thread !

All the better experiented dancers will help you with your questions , how to find a successful trade and how not .
you can t jump on the last posts on a thread and start asking questions wich are answered on the first pages ,
and expect a good answer.

In the paperclip youll find the manual , do your work and read the thread , its all information in it and its worth it .
For the beginning , read the initial thread , what is really amazing ,
http://www.forexfactory.com/showthread.php?t=224697
Guido
Risiko birgt immer auch die Chance.
  • #11,777
  • Mar 10, 2015 6:14am Mar 10, 2015 6:14am
Thanks. Yes i know about the moneymanagement rules. I asked this for example trading 1 months (downdrown and roi)
Difference between 0.10 or 0.50 minilots with takeprofit 20 pips (using tf15M).
  • #11,778
  • Edited 6:34am Mar 10, 2015 6:21am | Edited 6:34am
Quoting foxerr
Thanks. Yes i know about the moneymanagement rules. I asked this for example trading 1 months (downdrown and roi) Difference between 0.10 or 0.50 minilots with takeprofit 20 pips (using tf15M).

I use 02 to 03 lotsize each 1k on my account for a m15 chart .


But that is only my style , nobody said it fits to you .



For a good training of this strategy read a post of me in the TMS thread :
http://www.forexfactory.com/showthre...86#post7743986

Its about the trading simulator , it safed me months for learning .
Guido
Risiko birgt immer auch die Chance.
  • #11,779
  • Mar 10, 2015 6:58am Mar 10, 2015 6:58am
Thank you ... i have read the manuals maybe I just have to read it once again. BTW I would like to try the simulator. Can you show me where to get it and how to use it.
  • #11,780
  • Mar 10, 2015 7:04am Mar 10, 2015 7:04am
Quoting iCarumba
Thank you ... i have read the manuals maybe I just have to read it once again. BTW I would like to try the simulator. Can you show me where to get it and how to use it.
sure , as I said .. also here in the paperclip in the right corner of this thread .
Or you read my post 40 minutes ago :
http://www.forexfactory.com/showthre...56#post8124756

I posted it in the TMS thread .

How to use it ?
Easy : all well explaind in the choros or dance thread , just need to read it .
Hope that helped
Guido
Risiko birgt immer auch die Chance.
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