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CHOROS System

  • #12,001
  • Sep 9, 2015 7:03am Sep 9, 2015 7:03am
Quoting kostas1
{quote} Never left. Just feeling chatty but I have already passed the torch to you for this thread... Edit: I noticed your PM. I was too busy with personal issues during summer, have also moved to a different city.
Yeas , Im really thinking about to move to the ocean and sell my company in 1..2..3 years .. not sure yet where to go ,
but greece is one of the prefered options .
Next easter Ill visit friends there near athos , they dont know it yet, but Im sure they become dancers then .

.. by the way .. I kicked the EU weekly long manually out .. this pair is a mess with all the fglat MAs and weekly is toooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo long for my taste .
Daily entries are the maximum patience . But best results I have on m5 to h1 .

Enjoy Guido
Risiko birgt immer auch die Chance.
  • #12,002
  • Sep 9, 2015 8:32am Sep 9, 2015 8:32am
What do you think about this trade ?
Will it go long ?

Hmmm i have not understand the Round numbers in the manual.
( Are there an german translation from the manual ? )
Attached Image (click to enlarge)
Click to Enlarge Name: 09.09.2015-Eurostox-long.jpg Size: 166 KB
  • #12,003
  • Edited 9:15am Sep 9, 2015 9:04am | Edited 9:15am
Quoting n8bizz
What do you think about this trade ? Will it go long ? Hmmm i have not understand the Round numbers in the manual. ( Are there an german translation from the manual ? ) {image}
Nope , no german translation , but simple.

all 50 and 100 levels 1.1150 1.1200 1.1250 and so on are levels the price respects very often.

and now to your eurex chart :

in fact the indices are not that easy to trade , reason is the " open and close" while night and that case the lines need some hours to build a clear picture .

Yes, it is possible to trade it , but take a look on the pic M5 eurex :

The 35/ 50 are not tight to eachother , they re seperated what isnt a clean and clear sign for me in being stable .. or better said .. how many candles more it is still stable .
The M15 is constraining all the way up onn the 10 ema , but not steep , its very sloppy . , but in opposite direction is a large gap ,
Id be careful with trading when theres a large gap .
careful until it is closed , or dont trade against it, specially weekend gaps .
If you dont have a clean view , better skip look for AAA entries and learn to handle them ..
From that moment you know how a great and valid entry signal looks like , from that moment you know how to train your skills.
steepness of the angles is about 12-2 and 4 to 6
EDIT , for the beginning look for GU and EJ entries , these pairs react nice with the lines and have a good mix of volatility and not too noisy .
as long as they are trending , as long as you ll find nice entries .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: TDI Clock face angle.png Size: 47 KB
Risiko birgt immer auch die Chance.
  • #12,004
  • Sep 9, 2015 2:00pm Sep 9, 2015 2:00pm
[quote=kostas1;8480019]{quote} Never left. Just feeling chatty but I have already passed the torch to you for this thread...

aah you īre still the more talented and youre experience is much better in trading , no doubt .
I just know how to do the first steps successful , no six digits yet.. , may be in 2017 , we will see .

But I still like the thread and help some newbies with the first steps .. why not -..

hereīs one of my rare good trades today ..

EU m5 50" bounce , closed at the round number .

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcM5.png 50 pips safed my day.png Size: 27 KB
Risiko birgt immer auch die Chance.
  • #12,005
  • Edited 4:08pm Sep 9, 2015 3:12pm | Edited 4:08pm
Quoting kostas1
{quote} He, he.... I got out early because Daily 10 and H4 50 were in the way and dangerous to play with... {image}
;-)

Sesamstrasse: although your trade was obviously successful, I am wondering what made you take it - the 35/50 were flat and far from eachother and you entered after the pin which could have suggested further fall?

Also, is it better to take a quick 20-25 pips with TP at RN or to trail it? I know it may be an individual thing, but what is your take?
  • #12,006
  • Edited 2:05am Sep 10, 2015 1:39am | Edited 2:05am
Quoting Jkdt
{quote} ;-) Sesamstrasse: although your trade was obviously successful, I am wondering what made you take it - the 35/50 were flat and far from eachother and you entered after the pin which could have suggested further fall? Also, is it better to take a quick 20-25 pips with TP at RN or to trail it? I know it may be an individual thing, but what is your take?
Good morning .

I had 3 reasons to enter it :
First was my " big picture "

I kept in mind , weekly we are between 35 and 50 ema , the 50 already bounced the first time .. second touches are not as safe as first touches ..
So I expect a "new" atack to the 50 ema weekly .

Then Daily , we are flat but above the 50 .. .. kept in mind

And if you look h1 without MAs .we are on a sloppy uptrend since about 5 th day today .. fill it with with the MAs , you see they are flat .
See the pic with the upchannel
We use the MAs as a dynamic support ( as long as they are steep , it works fine )
when they are flat it works " almost" not as a functional dynamic support ..

And now to the trade by itself :
The price broke the flat lines in my M15 chart today as it wanted .. up and down ,, no vice entry in any timeframe in EU ( on september 8 I had a H1 50 bounce after a nice breakout , what got washed out/ didn t work as well )
So in the end I saw the " market does what it wants " and didnt ask me ..

And the entry by itself was :
The scoop M15 , what shoot again over the lines .. Itried to catch it over the 50 ema at a retrace to shoot more direction long
( we remember long bias , h1 sloppy long , weekly between 35/50 daily above 35/50 )
in ther end I got it at the 10 Ema m15 , and 50 ema m5 , proiceaction was long and I shoot it .

About 3 months ago I changed my moneymanagement system from " one full sized order" to " 2 half sized ones".
This was a tzrade for half sizes .

What gives me more opportunities to catch the move by itself .. very often I hunt a trade by a pending on a line ..
If they get filled, if not I take another manually " on the way of my favour" .. with a lower rist . but may be 6...8..10 pips late.

And now finally to your question about 20-25 pips .
In a m5 to h1 chart , you re fine with quick and easy 15-25 pips .. in H4 , D1 and so on , its too small .
Hope that answeered all ...

Need to clean my workspace see this post :
http://www.forexfactory.com/showthre...66#post8481466
http://www.forexfactory.com/showthre...07#post8480807

Guido

,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDcH1.png 10.9. h1 uptrend channel.png Size: 40 KB
Click to Enlarge Name: EURUSDcM15.png 10.9..png Size: 32 KB
Risiko birgt immer auch die Chance.
  • #12,007
  • Edited 6:54am Sep 10, 2015 3:15am | Edited 6:54am
Heres a PM , what should be visible for everybody , its choros related :

Moin Guido,

irgendwie verstehe ich dein Posting nicht. _______________________________________/ I dont understand your post

OK das mit den Preisen 50/100 habe ich verstanden. _____________________________/50/100 round levels okay
Auch das die MAs 35/50 einen gewissen grad haben mssen damit____________________ /steepness of the angles to verify a trend , okay
der Trend passt, und man ihn traden kann.

Sollen die 35 und 50 MA mglichst zusammen sein ? ____________/and 35 sma and 50 ema tight together ??


Yes, when the 35Sma and the 50 ema are not very seperated, when they are tight to eachother ,
then you have a really good chance to get an green trade .

Tripple A entries are :
steep angle of the MA ,
enough space to reach the target ,
when 35/50 are close together ... SUUUUPER
priceaction confirmed,
timing ( make sure minimum one market is open you trade , and not around big news ),
a nice touch best " Two bar rule " ,
higher timeframes confiirm
And last but not least , have an eye on your moneymanagement


Watch the EJ trade of Kostas and Makonen a couple of days ago , or the GU trade yesterday..
35/50 are very tight , thats a really good sign , keep it in mind , it will bring you money!
Guido
Risiko birgt immer auch die Chance.
  • #12,008
  • Sep 10, 2015 5:54am Sep 10, 2015 5:54am
Thank you for your comprehensive answer.
  • #12,009
  • Sep 10, 2015 8:41am Sep 10, 2015 8:41am
Too many times this shit happened the last 6 weks with me .

GJ m15 , bounce 35/50 clean and clear entry , price run some pips against me ,
spread is getting larger hit my SL exactly about 0.1 pip and ran away without me .

Really strange situation , IMO. and it happens in GJ , Ga and Eu . all other pairs work fine ..
If someone knows a tool to " find a plug in " let me know .

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYcM15.png 10.9. -15 out.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #12,010
  • Edited 11:09am Sep 10, 2015 9:20am | Edited 11:09am
@Sesamstrasse

Thx for your answer.
Ill write everything important down and collect the rules.
So there is an summary of the rules.


@Sesamstrasse - Maybe the SL limit is to smal in this markets.
Afters this candle the trade works fine.
  • #12,011
  • Sep 10, 2015 2:43pm Sep 10, 2015 2:43pm
This is NOT an AAA trade. It is either a 2nd EMA 10 bounce (which is why I took it) or a 5th bounce....
Next, the H1 EMA 10 bounce could be worth something (but only after London open tomorrow). Alternatively, H4 10 if patient.
The M15 35/50 will probably not happen easily since due to Asia session the 35/50 MAs will become soup...
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 39 KB
  • #12,012
  • Sep 11, 2015 2:14am Sep 11, 2015 2:14am
Nice one Kostas. I see that you aren't bothered with "low ceiling" of RN/PP. What was your exit trigger? Whats your usual/maximum SL on GU/EU/EJ M15? 9-12 pips as per original rules?

PS> That's funny how I've instantly made progress after switching to choros template. Not only its clearer than my previous setup, but it's also easier to spot the right signals at my chart looking the same as the charts posted in this thread. So if anyone hasn't switched yet - don't think twice ;-)
  • #12,013
  • Sep 11, 2015 2:28am Sep 11, 2015 2:28am
Quoting Jkdt
Nice one Kostas. I see that you aren't bothered with "low ceiling" of RN/PP. What was your exit trigger? Whats your usual/maximum SL on GU/EU/EJ M15? 9-12 pips as per original rules? PS> That's funny how I've instantly made progress after switching to choros template. Not only its clearer than my previous setup, but it's also easier to spot the right signals at my chart looking the same as the charts posted in this thread. So if anyone hasn't switched yet - don't think twice ;-)
I was bothered which is why I exited manually. As I said NOT an AAA trade. Since I monitor the trade my SL is very far away (in case a catastrophic event happens) and if the trade goes ugly I exit manually. For EU M5 a SL of 12-15p is ok, for EJ M15 a SL should be around 15-20p but all depends on how noisy the market is.
  • #12,014
  • Sep 11, 2015 5:12am Sep 11, 2015 5:12am
We just had a triple top on daily EJ finished with a lower low and now we have an ideal pin forming just below 50 that bounced from 35 on a pullback. GU shows a possible englulfed pin in a similar setup. Monday might be interesting
  • #12,015
  • Sep 11, 2015 6:48am Sep 11, 2015 6:48am
Nailed it. Not AAA though. Reasons for entry: mainly M5 10MA constrainment followed by a pinbar, 35/50 fairly steep & close together, safe distance to RN, with a confirmation from HTF - also a pinbar just below 10MA on M15. 1hr looked like in the middle of a solid retracement, long bodied bars with long top wicks forming after the price failed to create a higher high. I entered with 11 SL and TP at the nearest RN at the bottom, but didn't get there - closed it down after it bounced from 1hr 50 with a quick 16pips profit. As you can see it was a good thing to do, as the price bounced even higher (2nd attachment) and as I am writing it continues to rise. This is my live account trading microlots. The other trades visible on 1hr are not choros.

Have a good weekend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 450 KB
Click to Enlarge Name: gu2.jpg Size: 142 KB
  • #12,016
  • Sep 12, 2015 3:15am Sep 12, 2015 3:15am
Quoting n8bizz
@Sesamstrasse Thx for your answer. Ill write everything important down and collect the rules. So there is an summary of the rules. @Sesamstrasse - Maybe the SL limit is to smal in this markets. Afters this candle the trade works fine.
Yes.. you ll find that in the original thread as well .. and in thid thread .Right corner paperclip .. .. also my newspaper for the weekend ^^
Here we go and a n ice weekend Guido
Attached File(s)
File Type: pdf Dance Trade Checklist and Rules.pdf   327 KB | 1,516 downloads
Risiko birgt immer auch die Chance.
  • #12,017
  • Sep 12, 2015 7:35am Sep 12, 2015 7:35am
Quoting Sesamstrasse
{quote} Yes.. you ll find that in the original thread as well .. and in thid thread .Right corner paperclip .. .. also my newspaper for the weekend ^^ Here we go and a n ice weekend Guido {image}
Jea great, cool PDF.
Iīll look at it at the weekend.

Is it possible to calculate the value of the SL ?
I have an 3.000 € depot.
How many pips have an value x with an y Lot ?
  • #12,018
  • Edited 12:03pm Sep 12, 2015 9:40am | Edited 12:03pm
Quoting n8bizz
{quote} Jea great, cool PDF. Ill look at it at the weekend. Is it possible to calculate the value of the SL ? I have an 3.000 depot. How many pips have an value x with an y Lot ?
NOOOO!
Ey.. dont start thinking about the marathon before you can t walk !
If you start too early , your broker will tell you quickly when margincall is reached .
This will be my one and only advice about your account for risk calculation , and the first basics in trading you find help at babypips .
EDIT :
there are two things neccessary for every trading system !
1. patience
2. experience .
If you havenīt both , itīs too early for sure ..
Guido
Risiko birgt immer auch die Chance.
  • #12,019
  • Sep 12, 2015 11:12am Sep 12, 2015 11:12am
  • #12,020
  • Sep 12, 2015 12:36pm Sep 12, 2015 12:36pm
Quoting n8bizz
{quote} Jea great, cool PDF. Ill look at it at the weekend. Is it possible to calculate the value of the SL ? I have an 3.000 depot. How many pips have an value x with an y Lot ?
BASE currency --->> XXX/YYY <<--- QUOTE currency. While trading 0.1 lots, every pip is worth 1 unit of quote curency (YYY). But Sesamstrasse is right. Take your time before you put any real money into a trade, take your time to do the research finding out all the basics like this. Good luck
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