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CHOROS System

  • #12,041
  • Sep 14, 2015 7:10am Sep 14, 2015 7:10am
@ Kostas,

Thanking you, it is nice to have it confirmed.
Hugo
  • #12,042
  • Sep 14, 2015 7:38am Sep 14, 2015 7:38am
Quoting Hugo55
{quote} I wish you luck, it seems it is going your way now.. Hugo

aah normally yes.. but my luck i closed the orders before a storm arrived and kicked me out of my " garden7terrace office" ,
not Icame bacl to my normal office and it costs me 7 pips.. ..
what shells.. no big deal .. better 7 pips lost than a swimming notebook .

Normally Im out on mondays , I just have no luck on these days .. really strange
Risiko birgt immer auch die Chance.
  • #12,043
  • Sep 14, 2015 8:34am Sep 14, 2015 8:34am
Fu****g mondays =) hehe

What TF´s should i use for beginning ?
15min / 1H
5min / 15min / 1H

When i practise with the simulator with TF is the best ?
15 mins i think , right ?
  • #12,044
  • Sep 14, 2015 8:50am Sep 14, 2015 8:50am
Quoting n8bizz
Fu****g mondays =) hehe What TFs should i use for beginning ? 15min / 1H 5min / 15min / 1H When i practise with the simulator with TF is the best ? 15 mins i think , right ?
M15 is the main tf .. h1 and h4 for confirming the trend and sometimes to find a possible trade .And in the simulator m15 .. as explained in the PM s the last days .. Good luck and take your time .. I m sure you can handle it . Guido
Risiko birgt immer auch die Chance.
  • #12,045
  • Sep 14, 2015 10:12am Sep 14, 2015 10:12am
Do you just watch HTFs MAs on M15 and ignore HTFs charts while in LFH simulator? Or is there a way to look at more than one chart while LFH is running?
  • #12,046
  • Sep 14, 2015 10:48am Sep 14, 2015 10:48am
Quoting Jkdt
Do you just watch HTFs MAs on M15 and ignore HTFs charts while in LFH simulator? Or is there a way to look at more than one chart while LFH is running?
While using zhe simulator you can t see other timeframes than the chosen one. Its not perfect but all in all its a wonderweapon because it saves you many hours screen time . The reason is simple ; You can make it fast ( 31 or 32 ) and let it run to perfect conditions .When you reached them make it dlow and enter . That s soooo easy .. and if you trade almost only perfect conditions ( after a breakout.. steep ange of MA s .. toght together .. two bar rule enough space for the trade and so on ).. you have quickly an eye dor it what is AAA and what is only AA+ or so. Its bot as more trades as better results.. Being picky is the secret what pays out .. Unfortunately it is a lot of patience re quired. That s the hook ☺Guido
Risiko birgt immer auch die Chance.
  • #12,047
  • Sep 14, 2015 12:20pm Sep 14, 2015 12:20pm
So I was right thinking the simulator is great for training your eye for good setups, but it has little statistical value, as some of the trades looking good on M15 you wouldn't have taken because of contradictive circumstances on HTF -which you can't check while simulator is in progress. Thank you for your answer
  • #12,048
  • Sep 15, 2015 2:02am Sep 15, 2015 2:02am
Quoting Jkdt
So I was right thinking the simulator is great for training your eye for good setups, but it has little statistical value, as some of the trades looking good on M15 you wouldn't have taken because of contradictive circumstances on HTF -which you can't check while simulator is in progress. Thank you for your answer
Noo, keep it simple .
normally I view 6 pairs only in h1 on a seperate monitor:
But Im very busy with ,my work and so I can t ( and dont want ) watch every day.. .
Before I enter in any instrument , I look for verification the higher timeframes.
But all in all , when the H1 chart strarts left below corner and moves to right top corner , for me its long .. and vice versa .
I only make sure its no important MA of higher timeframes on my way to the target , just the basics .
the simulator is excellend for training the eye .. how a perfect setup looks like , to remember the next time when one is forming .

I can also distinguish a cow from a donkey, without ever milked a cow.( just an example how I see it )

Thats what the simulator is for ;-)
Hope it helped .
Guido
Risiko birgt immer auch die Chance.
  • #12,049
  • Sep 15, 2015 2:34am Sep 15, 2015 2:34am
Quoting Sesamstrasse
{quote} I can also distinguish a cow from a donkey, without ever milked a cow.( just an example how I see it ) Guido
Hmmm....
Attached Image (click to enlarge)
Click to Enlarge Name: donkey_cow.jpg Size: 254 KB
  • #12,050
  • Sep 15, 2015 2:39am Sep 15, 2015 2:39am
Hi Guido and traders,

Could I ask you how you would analyse this chart please?

Is it to much in a range to make a decision yet, or would you perhaps look for a bounce back to the 35/50 lines for a long on the 15m,
if the 50ema holds on the 1h?

I would appreciate your help Guido.

http://content.screencast.com/users/...09-15_1024.png
  • #12,051
  • Sep 15, 2015 2:41am Sep 15, 2015 2:41am
Quoting kostas1
{quote} Hmmm.... {image}
ha,ha, love that one
  • #12,052
  • Sep 15, 2015 2:56am Sep 15, 2015 2:56am
Quoting kostas1
{quote} Hmmm.... {image}
the left is the donkey ..

Where you got these pics .. same like chicky´s posts.. really nice buddy , really nice .. you made my day
Risiko birgt immer auch die Chance.
  • #12,053
  • Sep 15, 2015 2:59am Sep 15, 2015 2:59am
Quoting Hugo55
Hi Guido and traders, Could I ask you how you would analyse this chart please? Is it to much in a range to make a decision yet, or would you perhaps look for a bounce back to the 35/50 lines for a long on the 15m, if the 50ema holds on the 1h? I would appreciate your help Guido. http://content.screencast.com/users/...09-15_1024.png

simple ;
stay out !
Flat MA´s in almost all your charts .. long wicks on m15 chart in both directions .
daily it´s in a range between 10 and 50 Ema = sideways ..
all in all totally shitty .. forget about it and look for a trending pair .
Guido
Risiko birgt immer auch die Chance.
  • #12,054
  • Sep 15, 2015 3:06am Sep 15, 2015 3:06am
Quoting Sesamstrasse
{quote} simple ; stay out ! Flat MAs in almost all your charts .. long wicks on m15 chart in both directions . daily its in a range between 10 and 50 Ema = sideways .. all in all totally shitty .. forget about it and look for a trending pair . Guido
Thanks Guido, you are right off course.
  • #12,055
  • Sep 15, 2015 7:27am Sep 15, 2015 7:27am
Thanks Sesamstrasse for your previous answer. Donkey-cow LOL.
  • #12,056
  • Sep 15, 2015 10:04am Sep 15, 2015 10:04am
Looks like the one of three , what i dont like .
I expected a " dead end " on the ema 10 Eu 15 ../ confluence 35 sma EU m5
I opened the position because the price moved nicely to the 10 ema , a new candle opened exactly at the touch ..
Mostlly they turn back in direction of the trend then .. and form a " dead end on a MA "
These trades have the tightest stop I use .
But today they stop it IMO
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcM15.png 15.9..png Size: 26 KB
Risiko birgt immer auch die Chance.
  • #12,057
  • Sep 15, 2015 12:01pm Sep 15, 2015 12:01pm
Isn't any Expert Advisor (trade robot) for this?
I want to buy PATIENCE
  • #12,058
  • Sep 15, 2015 1:37pm Sep 15, 2015 1:37pm
Quoting Jkdt
So I was right thinking the simulator is great for training your eye for good setups, but it has little statistical value, as some of the trades looking good on M15 you wouldn't have taken because of contradictive circumstances on HTF -which you can't check while simulator is in progress. Thank you for your answer
i believe i have seen somewhere on forexfactory simulator for mt4 which allows you to run two different timeframes
  • #12,059
  • Sep 15, 2015 2:03pm Sep 15, 2015 2:03pm
Thanks Tony. Sesam (hope you don't mind the short), I took the same trade, but my stop was a bit more loose, therefore I did hold on the position, but then the market got slow, didnt manage to create a lower low and after still showing some hope and patience I closed it down with 4pips profit only. That was a nice setup but it was against the rules after all (not only the dance, but my personal as well), not to trade after the London close. NY on its own is slobby. That's the same lesson learned again for me.

Matheszabi: in my opinion EA would be difficult for Choros as it is discretionary method after all. Although you got all the rules and measures that could be coded, human eye and experience is still crucial.
  • #12,060
  • Sep 15, 2015 2:34pm Sep 15, 2015 2:34pm
Although... coding an alert based on rules... who knows, probably could be valuable.
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