CHOROS System | Page 622 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #12,421
  • Feb 24, 2016 5:49am Feb 24, 2016 5:49am
Took one more and now it's time for training ;-)
EU - only 10 pips tp set as I don't believe it will go down much
On the picture you see rectangle (two pink lines) forming that goes into constrainment at 10 ema, price sticks below yesterday's support (on the left marked with pink colour, price also sticks below today's daily pivot's S1 (1.0986)
My entry with 2 same positions was at 1.0979 with 10 pips tp and 10 sl set. 2 positions with 10pips tp = 2% more profit for today.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 241 KB
On my way to financial independence - if others can do it - I can do it
  • #12,422
  • Edited 8:18am Feb 25, 2016 8:02am | Edited 8:18am
Hello guys. Can the region below be called a 2-bar retrace?

EDIT: Never mind guys. Took the trade and exited for +25 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-02-25-14-34-33.png Size: 71 KB
Click to Enlarge Name: Screenshot_2016-02-25-15-18-11.png Size: 74 KB
  • #12,423
  • Feb 25, 2016 8:26am Feb 25, 2016 8:26am
Earlier trade today

GBPUSD 1Hour 50EMA Touch Sell
SL: -13
TP: +30

TP hit within 2 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-02-25-15-23-17.png Size: 77 KB
  • #12,424
  • Feb 25, 2016 8:37am Feb 25, 2016 8:37am
Setups I am waiting for:

Chart 1: USDCAD 15minute 35/50 Touch sell.

Chart 2: EURJPY 15minute 35SMA Touch buy.

Will enter both using candlestick pattern on 5minute.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-02-25-15-31-28.png Size: 72 KB
Click to Enlarge Name: Screenshot_2016-02-25-15-31-03.png Size: 78 KB
  • #12,425
  • Feb 25, 2016 9:09am Feb 25, 2016 9:09am
This setup may happen within the next hour. I'll take it as long as 35/50 don't tilt back up.

GBPUSD 35/50 15minute Touch Sell. Also in cofluence is the 1 hour 10EMA and 1 hour 35SMA.

Entry on 5 minute price action.
EDIT: Won't take this trade anymor cos candle ended as a pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-02-25-16-01-02.png Size: 78 KB
  • #12,426
  • Feb 28, 2016 5:22pm Feb 28, 2016 5:22pm
Just a quick one, took the following short AU and closed it to go to sleep Took trade when bounced on EMA10 on M15 (had short position there already), then set sl accordingly and for the next candles changed it where they ended until i got stopped out. Minilots trade but still..better than nothing!
Attached Image (click to enlarge)
Click to Enlarge Name: choros.png Size: 46 KB
Carpe Diem
  • #12,427
  • Feb 29, 2016 11:24am Feb 29, 2016 11:24am
Hello Dancers. I have a question to those of you who use pivots: do you include the sunday data? It dramatically changes the outcome and after analysing certain things I'd say to use sunday data, not sure how does that fit into dancing though? Green.
  • #12,428
  • Feb 29, 2016 1:35pm Feb 29, 2016 1:35pm
Quoting Jkdt
Hello Dancers. I have a question to those of you who use pivots: do you include the sunday data? It dramatically changes the outcome and after analysing certain things I'd say to use sunday data, not sure how does that fit into dancing though? Green.

No sunday data , when I use the pivots for any view / outlook .
Guido
Risiko birgt immer auch die Chance.
  • #12,429
  • Edited 4:03pm Feb 29, 2016 3:48pm | Edited 4:03pm
Thanks Guido.

My first one this week. EU, 16 SL & 27 TP (that's my regular TP if no S/R happen to be earlier. That's 30pips - 10% greed-tax psychological trick I'm testing that helps NOT to close the positions earlier) that after some draw down seemed to be spot on this time. I really did like the action on taking it, especially after the daily breaking the 35/50 (and channel) on friday. Although it did play me for a while patience paid off. Pivots include sunday on the screenshot, but the trade was taken from another computer where sunday was excluded. That's where my earlier doubts on pivots came from.

Green Pips,
JK
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 245 KB
  • #12,430
  • Feb 29, 2016 4:28pm Feb 29, 2016 4:28pm
Quoting Jkdt
Thanks Guido. My first one this week. EU, 16 SL & 27 TP (that's my regular TP if no S/R happen to be earlier. That's 30pips - 10% greed-tax psychological trick I'm testing that helps NOT to close the positions earlier) that after some draw down seemed to be spot on this time. I really did like the action on taking it, especially after the daily breaking the 35/50 (and channel) on friday. Although it did play me for a while patience paid off. Pivots include sunday on the screenshot, but the trade was taken from another computer where sunday was...
Yes, the greed is a large problem , specially in priceaction trading.. quickly up .. quickly down ..
But theres a good tool for finding ( calculated by volatility )SLs and TPs in 10 Ema touch trades.

the member Arha posted a " retrace bot " in this thread, what has " almost always " a great working SL/TP .. no need to use it ..
but if you add it to the template and and don t make the smiley smile .. you can use it just as a indicator.. or however you wanna call it .
I like it . use it since years onlyfoer first touches ( mostly offline and not for orderexecution .. I like to do it manually ) ..
Works fine..
Hope it helps to get some more of the green pips ^^
Guido
Risiko birgt immer auch die Chance.
  • #12,431
  • Mar 1, 2016 3:09am Mar 1, 2016 3:09am
One of my two trades (second was on GU with about 7 pips profit)

In this one entry was after price went off 10 ema - pinbar, then together with previous and after candle it creates formation (circled green) called pinocchio in James 16 - exit was at tp set for 20 pips - red line. I can see potential in today, but been working whole night so time to bet - I got 3% profit today in about 15-30 minutes
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 217 KB
On my way to financial independence - if others can do it - I can do it
  • #12,432
  • Mar 1, 2016 5:02am Mar 1, 2016 5:02am
Guido, might be very useful. I will have a closer look at it. Thanks.

http://www.forexfactory.com/showthread.php?p=6686417
  • #12,433
  • Mar 1, 2016 10:53am Mar 1, 2016 10:53am
Second, done and done! I also realized that my reasons for entry are nearly always the same because of mostly trading only touch trades or PA at 10MA which in my case are similar anyway and very much by the book. So I'll drop it until somebody asks - I will be happy to discuss further then.

That previous long wick... I know, decided to kick in regardless though.

SL 16 (nearly always), TP next pivot or RN but not more than 27 pips unless the action is real strong. I will most likely pass on the trade if the next S/R is less than 20 pips away. Recently I try not to close trades earlier unless the sh*t really hits the fan. I only allow myself to move to BE after 20 pips. RN turned out to be very solid resistance and therefore TP was very accurate (and lucky). 22 pips bagged, done for the day unless something very special comes up. +49 for the week.

Green,
JK
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2.jpg Size: 278 KB
  • #12,434
  • Mar 2, 2016 5:11am Mar 2, 2016 5:11am
Third and failed. Late entry after the pinbar. Probably should have stayed out due to the H4 50 right above. I thought if its that wide and flat I'd give it a go. Especially with WP right below and a couple of previous pinbars. Daily downtrend and 10 above but still leaving space on the retrace. Any opinions? Good entry (obviously not perfect) and got unlucky or should have stayed out due to that H4 50 or for any other reason? SL HIT @16,5. +33 for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 230 KB
  • #12,435
  • Mar 2, 2016 5:39am Mar 2, 2016 5:39am
Quoting Jkdt
Third and failed. Late entry after the pinbar. Probably should have stayed out due to the H4 50 right above. I thought if its that wide and flat I'd give it a go. Especially with WP right below and a couple of previous pinbars. Daily downtrend and 10 above but still leaving space on the retrace. Any opinions? Good entry (obviously not perfect) and got unlucky or should have stayed out due to that H4 50 or for any other reason? SL HIT @16,5. +33 for the week. {image}
The higher timeframes didn t confirm .. I have no Tradingstation on my work .. but for me it looks like a dead end on a 50 in h4 .. right ?? In that case it s a typical mistake and a violating the basic rules.. Specially the steep 50 is a enormeous tool for priceaction based training .. Guido
Risiko birgt immer auch die Chance.
  • #12,436
  • Mar 2, 2016 8:05am Mar 2, 2016 8:05am
Hi traders, I've been lurking around and finally decided to post one question I have to the more experienced traders, sorry If it was already answered.
The manual says to trade only the first, and at most the second touchs, however when do we reset the count? When price crosses the 35/50?

regards
  • #12,437
  • Mar 2, 2016 8:23am Mar 2, 2016 8:23am
EU: Traded the Rejection of RN and Pivot in line with major trend. +9pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 28 KB
  • #12,438
  • Mar 2, 2016 9:08am Mar 2, 2016 9:08am
Thanks Guido. However, if by dead end you mean as per manual a candle that closed right at S/R with no wick in the direction it closed, then it was not a dead end (had wick AND closed just above S/R). And 4hr 50 MA was not steep at all - it was flat.
  • #12,439
  • Mar 2, 2016 6:03pm Mar 2, 2016 6:03pm
Quoting Jkdt
Thanks Guido. However, if by dead end you mean as per manual a candle that closed right at S/R with no wick in the direction it closed, then it was not a dead end (had wick AND closed just above S/R). And 4hr 50 MA was not steep at all - it was flat.
Your ej h4 red Ma isn t a 50 ?? I ll do my view on friday. Currently on a busines trip to greece and no dcreen here.. Good luck .. Guido
Risiko birgt immer auch die Chance.
  • #12,440
  • Mar 2, 2016 7:26pm Mar 2, 2016 7:26pm
Hello dancers!
No time to trade this year but I try.
Here is a typical m5/12 rejection.

many pips to all.
Attached Image (click to enlarge)
Click to Enlarge Name: ej_2.3.2016.png Size: 36 KB
1 trader viewing now