Everyone is so helpful here, thank you. I really want to learn this system.
- #12,302
- Dec 18, 2015 6:26am Dec 18, 2015 6:26am
Two trades from today: EJ and UJ M15 10ema bounces. Both of them were not quite by the rules, as these were 3rd 10EMA touches/bounces already, and we are supposed to take only the 1st ones (max the 2nd ones, if the trend is very strong). But I was too tempted by the strong move on both pairs, so decided to open small positions on both of them.
UJ was confluenced with DS3 (support turned resistance) and RN, but the SL was too tight and I got stopped at -9p. Should have placed the SL above WP, as Makonen suggested on doing with EJ and DP several pages ago, because the price reversed quite quickly near the WP and proceeded in the direction of the trade.
EJ was confluenced with DS3, I was initially aiming for 40 p., but later decreased TP to 30p, after the price bounced into that level. Better safe than sorry
Green pips to everyone!
UJ was confluenced with DS3 (support turned resistance) and RN, but the SL was too tight and I got stopped at -9p. Should have placed the SL above WP, as Makonen suggested on doing with EJ and DP several pages ago, because the price reversed quite quickly near the WP and proceeded in the direction of the trade.
EJ was confluenced with DS3, I was initially aiming for 40 p., but later decreased TP to 30p, after the price bounced into that level. Better safe than sorry
Green pips to everyone!
Everything is possible
- #12,306
- Edited 8:59am Dec 30, 2015 3:05am | Edited 8:59am
After 5 years+ running around I've filled my head with so much stuff (elliott wave, wolfe wave, supply demand, vsa, fibonacci and it goes on and on) and I couldn't make money but this system has me hooked in its simplicity and it seems to work. I hope I'm not too late to enter this thread. After 600 pages /12000+ posts I''m wondering if Kostas is still here. I'm on page 30 and I have a long way to read still. I'm just wondering if this thread has all the info or do I need to go through the old dance thread and Clays. Are people who were here in...
I am a new participant in this thread, however I've been following it for several years. It's not as active as it used to be, but Kostas is still here and he's still posting his trades sometimes. I also hope, that Clay is still with us and is watching the thread as well, I remember Kostas posting some of his e-mails in this thread a couple of years ago. There are not many "old" dancers, who are still posting here, but some of them do show up from time to time (e.g. you might have seen several recent posts from Makonen in this thread and Haydel's in the Choros Interactive).
As for your question regarding sufficiency of this thread, when I started to learn the system, I read the M15 manual with all the examples, almost all of the old Dance thread and the DanceTOC file in the first place. Later on, while practicing with a simulator and demo, I covered about 2/3 of the Choros thread (both continuing to read it from the beginning and following all the new posts). I fully agree with Sesamstrasse about the benefit of the simulator, it is very useful in order to train your eye and start seeing the patterns, so I also would highly recommend it, especially in the beginning. Please note, that I am only sharing my experience and not encouraging anyone to do the same, I am still learning myself and getting myself on my feet
So you may find your own way to master this system 
Hope that helped, and feel free to post your questions
I would also like to wish all of the dancers a Happy New Year, hoping that the next year will bring all of you even more profit
Everything is possible
- #12,311
- Jan 8, 2016 4:04am Jan 8, 2016 4:04am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
My First Dance M15 35 SMA retrace Entered because of H1 10 and 50 constrainment. realised it was ping pong and should have taken my 15pips. Anyways just learning here. Please help out. I'll be posting all my trades. {image}
Trade when 35/50 rise up together towards 2 o'clock for long or 5 o'clock for short.
Today NFP so anything goes....
P.S. I am no expert in constrainment but usually you need many small hesitation bars to give you a hint
P.S.2 When you have 15p in the bag, usually it's a good idea to take them home...
- #12,314
- Edited 2:52am Jan 11, 2016 1:06am | Edited 2:52am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #12,316
- Edited 2:50am Jan 11, 2016 1:34am | Edited 2:50am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #12,318
- Jan 11, 2016 3:53am Jan 11, 2016 3:53am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #12,319
- Jan 14, 2016 12:46pm Jan 14, 2016 12:46pm
- Joined Jul 2013 | Status: Trader | 1,045 Posts
Hello, dancers!
CHOROS NEWBIE ALERT!
That's my first post in this thread, and I have a couple of questions:
In this pic, do we take the entry on the close of the candle? I ask because...
1. The candle is rejecting from the 35 ema, but it closes as a bullish candle. Must it be bearish?
2. The candle is still between 35 and 10. Must it be under it for a valid short setup?
3. The 10 is not steeping down, but since the rejection did not came off of the 10, but off of the 35, does the steepness of the 10 ema matter in this case?
In the next pic, we have an engulfing pattern. Does that count as a rejection with Choros? Or we only look for rejection made by one candle? This is scenario 1. For scenario 2, let's not take into consideration the red candle, but only the second marked candle, the bullish one. Do we enter on such a candle (a candle that came from under the 35 and closed above the 10, without being an actual rejection candle)?
Sorry for the questions, but I warned you with big, red text!
P.S.: Sorry if the questions have been asked before, but it is difficult to read through hundreds of pages!
Thanks in advance for answering!
CHOROS NEWBIE ALERT!
That's my first post in this thread, and I have a couple of questions:
In this pic, do we take the entry on the close of the candle? I ask because...
1. The candle is rejecting from the 35 ema, but it closes as a bullish candle. Must it be bearish?
2. The candle is still between 35 and 10. Must it be under it for a valid short setup?
3. The 10 is not steeping down, but since the rejection did not came off of the 10, but off of the 35, does the steepness of the 10 ema matter in this case?
In the next pic, we have an engulfing pattern. Does that count as a rejection with Choros? Or we only look for rejection made by one candle? This is scenario 1. For scenario 2, let's not take into consideration the red candle, but only the second marked candle, the bullish one. Do we enter on such a candle (a candle that came from under the 35 and closed above the 10, without being an actual rejection candle)?
Sorry for the questions, but I warned you with big, red text!
P.S.: Sorry if the questions have been asked before, but it is difficult to read through hundreds of pages!
Thanks in advance for answering!
- #12,320
- Jan 15, 2016 4:36am Jan 15, 2016 4:36am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Hello, dancers! CHOROS NEWBIE ALERT!
Hey buddy.. as first a welcome to you
..As you know I like your priceaction analyses from other threads ..
As first .. we try to trade touches by itself.. with a big picture of higher timeframes ..
the first touches are the most safest and I ONLY trade first touches with the trend .
In fact , I wouldn t have entered in your chart.. the reason is simple .. it touched before and so I stay out , because I have no rule for " when to accept a second touch and when not " --
If it had touched in a higher timeframe for example the first time .. and it had been a confluence with the higher tfs MA and your chart.. GO .. why not .. take the chance !!
But filtering trades is what makes it more profitable .
Nice to have you here..
Have a nice weekend
Guido
Risiko birgt immer auch die Chance.