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CHOROS System

  • #12,061
  • Sep 15, 2015 7:39pm Sep 15, 2015 7:39pm
Quoting Jkdt
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.
I think not, but I don't have time to do it, now.

I have an EA, which deals perfectly in a ranging market. But is deadly on the trending one.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmxM15.png Size: 150 KB


Those squares are made as signals for counter trend entry... - because new Lower Low is made.

This is a trend follower system.
Must be combined the 2 ones.
That orange signal is a hourly based signal, where my strategy mostly there it fails and generate huge DD, so that need to be replaced, or just no trade...

At a daily time - news release or overlapping London-NY seems to be perfect this one, ofc I am interested in max 15 time frame, because after that is comming a flat, ranging in most cases.

I couldn't find a clear rule set for entry exit,

Could anyone please re-post it here again the rules for entry-exit, please? - for M15- M5?
I want to buy PATIENCE
  • #12,062
  • Edited Sep 16, 2015 1:33am Sep 15, 2015 11:56pm | Edited Sep 16, 2015 1:33am
Quoting matheszabi
{quote} I think not, but I don't have time to do it, now. I have an EA, which deals perfectly in a ranging market. But is deadly on the trending one. {image} Those squares are made as signals for counter trend entry... - because new Lower Low is made. This is a trend follower system. Must be combined the 2 ones. That orange signal is a hourly based signal, where my strategy mostly there it fails and generate huge DD, so that need to be replaced, or just no trade... At a daily time - news release or overlapping London-NY seems to be perfect this...
Good morning
You can find the manual and the EA for first touches in the paperclip right corner ;-)
And sideway markets are not in our favour , they dont fit to our trading conditions .
Green pips Guido
Risiko birgt immer auch die Chance.
  • #12,063
  • Edited 3:37am Sep 16, 2015 2:42am | Edited 3:37am
Hello Dancers,

Just nailed another one, still not AAA though. A little bit too late, with 12 SL, TP was set at the PP, but I guess after a rapid drop and 20 pips in profit my balls went missing and I did chicken out, although if I didn't I would have reached my target with ease after a coulple of minutes after the screenshot.

I was mostly watching M5 for this, however: would you consider the touch on M15 that happened after my entry as a legit touch per choros? It is more than 2 bars, but then again it's just one bar after a red candle enforced by a PP above. I am not sure if this isn't a bit forced way of seeing it? And effectively that would be 4 bars retracement and therefore no touch trade on M15 per rules?

I've also got a question about D1. The overal trend is upwards, but am I right that it doesn't really matter that much, especially when we possibly might be in the middle of a retrace and all other TFs are in place?
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 189 KB
  • #12,064
  • Sep 16, 2015 2:44am Sep 16, 2015 2:44am
EJ 15 Constrainment 50 ema , stopped out +10 .. later got the next constrainment in h1 + 15
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcM15.png 16.9..png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #12,065
  • Sep 16, 2015 2:55am Sep 16, 2015 2:55am
I saw the same exact setup of you Jkdt but didn't take it for the two bar rule
  • #12,066
  • Sep 16, 2015 3:00am Sep 16, 2015 3:00am
Quoting sam400
I saw the same exact setup of you Jkdt but didn't take it for the two bar rule
two bar rule is for touches, what we look for whe the MAs getting steep ..
Thats one is a constrainment ..
When the candles close above / below a MA and move then in one direction .. here it was short and the wicks broke the 50 ema ..
but candle open/ close all below ( they constrained )
hope that helps
Guido
Risiko birgt immer auch die Chance.
  • #12,067
  • Sep 16, 2015 3:18am Sep 16, 2015 3:18am
i didn't thought about a constraimnet there, my bad, lost a trade, next!
Thanks for the feedback.
Edit: i was talking about JKDT setup not yours on Eurjpy, not sure if u meant yours
  • #12,068
  • Sep 16, 2015 3:23am Sep 16, 2015 3:23am
Quoting sam400
i didn't thought about a constraimnet there, my bad, lost a trade, next! Thanks for the feedback. Edit: i was talking about JKDT setup not yours on Eurjpy, not sure if u meant yours
Keep it simple , no need to " know " att the choros techniques , I needed MONTHS before I saw my first constrainment ..
Patience is the key , no rush !
Guido
Risiko birgt immer auch die Chance.
  • #12,069
  • Sep 16, 2015 3:52am Sep 16, 2015 3:52am
Quoting Sesamstrasse
EJ 15 Constrainment 50 ema , stopped out +10 .. later got the next constrainment in h1 + 15 Guido {image}
That was a very nice couple of deals, well done.

I am beginning to see what you are seeing...
  • #12,070
  • Sep 16, 2015 4:44am Sep 16, 2015 4:44am
Hi dancers,

Just wanted to know if this trade was according the rules of M5 bounce of EMA 12. The trade ended in profit but i don't know if it's according the rules

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM5.png Size: 33 KB
  • #12,071
  • Sep 16, 2015 4:57am Sep 16, 2015 4:57am
Quoting GodFire
Hi dancers, Just wanted to know if this trade was according the rules of M5 bounce of EMA 12. The trade ended in profit but i don't know if it's according the rules {image}
Nice template, indicator!
Which indicator is painting the H1 candle on the M5 frame?
I want to buy PATIENCE
  • #12,072
  • Sep 16, 2015 5:08am Sep 16, 2015 5:08am
Quoting matheszabi
{quote} Nice template, indicator! Which indicator is painting the H1 candle on the M5 frame?
Most of them i got from As simple as possible: 00 level trading and 00 Level Trading: EsikeM30Bomb. The H1 candle is M-Candle.

BTW in the attachements you see MY indicators and template which i recoded a bit for MY like (for example no arrows, no alert, etc.) if you want the originals you have to search in the above mentioned threads.
Attached File(s)
File Type: rar indys-template.rar   170 KB | 639 downloads
  • #12,073
  • Sep 16, 2015 5:52am Sep 16, 2015 5:52am
Quoting GodFire
Hi dancers, Just wanted to know if this trade was according the rules of M5 bounce of EMA 12. The trade ended in profit but i don't know if it's according the rules {image}
what you postb is a touch trade , but thatīs all what it has to do with choros .
Our MAīs are 10 ema, 35Sma and 50 ema ..
for M5 trading ask kostas what he uses for MAīs ,

By the way , you use the TDI a wrong way.. and it has nothing to do with priceaction based trading .

Stay green
Guido
Risiko birgt immer auch die Chance.
  • #12,074
  • Sep 16, 2015 5:57am Sep 16, 2015 5:57am
Quoting Jkdt
Hello Dancers, Just nailed another one, still not AAA though. A little bit too late, with 12 SL, TP was set at the PP, but I guess after a rapid drop and 20 pips in profit my balls went missing and I did chicken out, although if I didn't I would have reached my target with ease after a coulple of minutes after the screenshot. I was mostly watching M5 for this, however: would you consider the touch on M15 that happened after my entry as a legit touch per choros? It is more than 2 bars, but then again it's just one bar after a red candle enforced...

Hey !
What you show is a second touch .. valid BUT a little bit more risky.
the first touches are the most safest touches .. so itīs up to you , you must find out how risky you want enter!
Just keep in mind , second touches are more risky .

And NO Daily counts that much !

Look for higher timeframes confirm , specially make sure there is not a MA of a higher timeframe in your way to the TP !
The higher timeframe MAīs can be very harsh , I saw often when the price changed dramaticly the direction .. and later I saw there was a 10 or 50 ema h4 or D1 .
Guido
Risiko birgt immer auch die Chance.
  • #12,075
  • Sep 16, 2015 6:04am Sep 16, 2015 6:04am
Quoting Sesamstrasse
{quote} what you postb is a touch trade , but thats all what it has to do with choros . Our MAs are 10 ema, 35Sma and 50 ema .. for M5 trading ask kostas what he uses for MAs , By the way , you use the TDI a wrong way.. and it has nothing to do with priceaction based trading . Stay green Guido
Thank you for the answer. I want to try the M5 system from kostas and he has 12EMA and 23 EMA. Unfortunately I am not 100% sure if this trade is valid. And the TDI i use for another system
  • #12,076
  • Sep 16, 2015 6:07am Sep 16, 2015 6:07am
Quoting GodFire
{quote} Thank you for the answer. I want to try the M5 system from kostas and he has 12EMA and 23 EMA. Unfortunately I am not 100% sure if this trade is valid. And the TDI i use for another system
Yes, he is a phenomenon , thatīs a good idea to trade like him .
but one advice :
Donīt mix systems!!
Keep the template clean as possible to have a clear view.. while swimming you also don t wear jeans
Guido
Risiko birgt immer auch die Chance.
  • #12,077
  • Sep 16, 2015 8:12am Sep 16, 2015 8:12am
Quoting GodFire
Hi dancers, Just wanted to know if this trade was according the rules of M5 bounce of EMA 12. The trade ended in profit but i don't know if it's according the rules {image}
Unusual pair, busy chart, perfect trade!
  • #12,078
  • Sep 16, 2015 8:20am Sep 16, 2015 8:20am
Confluence from H1 10, M15/30, RN is a good trade usually, which is why I got +35p from this one.
Attached Image (click to enlarge)
Click to Enlarge Name: AU1.png Size: 38 KB
  • #12,079
  • Sep 16, 2015 8:49am Sep 16, 2015 8:49am
Hi Kostas,

Got nearly the same trade +22

http://content.screencast.com/users/...usd_closed.png
  • #12,080
  • Sep 16, 2015 8:59am Sep 16, 2015 8:59am
Quoting Hugo55
Hi Kostas, Got nearly the same trade +22 http://content.screencast.com/users/...usd_closed.png
I made a few mistakes on that trade, I am aware.

http://content.screencast.com/users/...72/AUD.USD.png
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