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CHOROS System

  • #12,681
  • May 22, 2016 9:52am May 22, 2016 9:52am
Hey guys!!! Nice to see a couple of old dancers here again! It's been a long long time since I contributed to this thread! Kostas1 how are you my friend? Endroute? I still trade using choros and what I can say is that Choros is very powerfull strategy. When I follow the rules I double my account in less than a month. My problem is that I can't fight myself yet. I am greedy and most times I blow my account.

I am doing a new start at the moment. My only problem is that I dont have enough time to trade during the day so I have to choose a pair for NY open session. So, Kostas do you think USD/JPY is ideal for evening trading?

Best regards to everyone. I will try to contribute to the thread as much as I can.
You are allowed to fall but you are imposed to get up!
  • #12,682
  • May 23, 2016 3:15am May 23, 2016 3:15am
Hi guys and ladies. I discovered that if the setup follows the dance rules, it doesn't really matter if it's the first or second or third touch of any of our MA's. So I decided to take all setups I find today, regardless of the number of times the MA's have previously been touched since the beginning of the trend. So far, three profit trades for today shown below, for a total of +60 pips.
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  • #12,683
  • May 23, 2016 3:30am May 23, 2016 3:30am
Quoting Wahnone
Hi guys and ladies. I discovered that if the setup follows the dance rules, it doesn't really matter if it's the first or second or third touch of any of our MA's.
This is true only in strong trends. The problem is you don't always know when the trend will be strong...
So taking the first is the best....

By the way, great results!
  • #12,684
  • May 23, 2016 5:52am May 23, 2016 5:52am
EU 15 10 first touch steep angle, SL 8 pips TP 10 pips just above DS1 and RN.
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  • #12,685
  • May 23, 2016 8:06am May 23, 2016 8:06am
One and only trade for today - quite long one with 25 pips=3%profit
entry at 122.80 due to rectangle forming under 10 ema - exit just above .50
I feel much better on EJ than GU
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On my way to financial independence - if others can do it - I can do it
  • #12,686
  • May 23, 2016 9:00am May 23, 2016 9:00am
Quoting Eur Usd
One and only trade for today - quite long one with 25 pips=3%profit entry at 122.80 due to rectangle forming under 10 ema - exit just above .50 I feel much better on EJ than GU {image}
Nice one, not rly standard choros IMHO but definitely works , you entered on the break of the consolidation?
  • #12,687
  • May 23, 2016 9:55am May 23, 2016 9:55am
Quoting Awaken
{quote} Nice one, not rly standard choros IMHO but definitely works , you entered on the break of the consolidation?
No, I entered in the middle. Choros works great with PA patterns, so my entries may not be pure Choros rules but indicatprs are considered. If you notice the price has been going south but never touched the 10 ema so I had to enter by other rules
On my way to financial independence - if others can do it - I can do it
  • #12,688
  • Edited 1:51pm May 24, 2016 6:18am | Edited 1:51pm
Confluence of M5 35, M15 10, EMA 200 and H1 50. Target is a bit far away so I will see how it goes and close manualy.

* Closed manualy at +30!
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You are allowed to fall but you are imposed to get up!
  • #12,689
  • May 24, 2016 11:30am May 24, 2016 11:30am
Shorted NU H1 35/50 touch + RN in confluence with H4 10. SL 15 pips TP inside the 10 ema. +16 pips gained.
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  • #12,690
  • May 25, 2016 2:07am May 25, 2016 2:07am
Hi, I have a question about The Dance Manual. On page 16, Clay said
Quote
NO SL is guaranteed
in "News" section. I've read it over and over again, but still do not understand what the meaning of the sentence.
  • #12,691
  • May 25, 2016 2:56am May 25, 2016 2:56am
Quoting Awesometrade
Hi, I have a question about The Dance Manual. On page 16, Clay said {quote} in "News" section. I've read it over and over again, but still do not understand what the meaning of the sentence.


Hello,sorry my bad english..... Stop Loss it's no more than a market order , but in volatile or thin markets your order could be filled very far from your SL price selected. This happen at futures markets frequently bids or asks are missed and nobody found counterparty and there are very bad stories.

Too much people think that Margin Call at MT4 environment it's no problem because broker systems take care and your SL is respected. Sometimes your price filled is far away. Don't believe that broker will be eat some difference if your SL goes beyond your Margin Call until filled YOU MUST PAY IT , all losses generated are responsability of trader.

Avoid high volatility and thin markets helps also

Good Trading
"Let us strive to be more parents of our destiny than children of our past"
  • #12,692
  • May 25, 2016 3:09am May 25, 2016 3:09am
Quoting kaltrax
{quote} Hello,sorry my bad english..... Stop Loss it's no more than a market order , but in volatile or thin markets your order could be filled very far from your SL price selected. This happen at futures markets frequently bids or asks are missed and nobody found counterparty and there are very bad stories. Too much people think that Margin Call at MT4 environment it's no problem because broker systems take care and your SL is respected. Sometimes your price filled is far away. Don't believe that broker will be eat some difference if your SL goes...
Thanks for the reply. Now I know what it means. I have experienced like that also in the past . By the way, your English is quite good, English is not my native language, too .
  • #12,693
  • May 26, 2016 3:53am May 26, 2016 3:53am
EURJPY this morning: pullback to 10 ema, two candles, 11 points (yes, I know). There was a nice pin bar on M5 for the entry. Profit: 10 points.

Thoughts?
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  • #12,694
  • May 26, 2016 10:02am May 26, 2016 10:02am
Bit of a long term trade as I usually try to get out quick, on EJ (my favourite pair I think and I don't lose on it like I do on GU)
Entry at green circle, price obeys 123 which seems to be strong resistance,
also on 1h sticks below 200 ema,
on 4h sticks below 35/50 (I can see there that by James 16 rules you can still enter with sl above 123 and get some more)
and on 1d price sticks below 10 ema
I got out with 27 pips that equal to 3% profit.
my sl was 25 pips (and I went to sleep as I work nights and sleep days ;-))
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On my way to financial independence - if others can do it - I can do it
  • #12,695
  • May 27, 2016 5:07am May 27, 2016 5:07am
Same pair as yesterday EJ (I think of sticking only to this one as it suits me well)
Entry at 122.68 as price stays below 10 ema
exit with 11 pips only (1.1% profit), but it's Friday, besides I have job interview so it's better to take what's on the table and start the weekend ;-)
Total profit for this week is 7.4% with only 3 trades.
If only every week was like that - I wouldn't need job interview ;-)
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On my way to financial independence - if others can do it - I can do it
  • #12,696
  • May 27, 2016 5:54am May 27, 2016 5:54am
GU short trade placed at the 15 35/50 , two candles to "go there"with dead end, nice H1 confluence, SL setted at 15 pips, exited manually +18 pips. Done for this week. I wish u all a nice and relaxing weekend guys.
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  • #12,697
  • Edited Jun 3, 2016 11:09am May 27, 2016 7:37am | Edited Jun 3, 2016 11:09am
Quoting Mikiud
GU short trade placed at the 15 35/50 , two candles to "go there"with dead end, nice H1 confluence, SL setted at 15 pips, exited manually +18 pips. Done for this week. I wish u all a nice and relaxing weekend guys. {image}

Took almost the same .. ... but later... constrainment m5 / 10 ^^ .m15 / 10 ^^ and h1 ... target around the RN ..

Guido
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{ personal information deleted by staff, per request }
Risiko birgt immer auch die Chance.
  • #12,698
  • May 27, 2016 9:37am May 27, 2016 9:37am
Quoting Sesamstrasse
{quote} Took almost the same .. ... but later... constrainment m5 / 10 ^^ .m15 / 10 ^^ and h1 ... target around the RN .. Guido {image} {image}
-- ja Nee iss klar !

Schönes WOE :-)
Guido
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Risiko birgt immer auch die Chance.
  • #12,699
  • May 27, 2016 9:56am May 27, 2016 9:56am
Just came home from work and saw this beauty.

M15 35/50, H1 10 and RN. Took +24 pips and I am done!
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You are allowed to fall but you are imposed to get up!
  • #12,700
  • May 31, 2016 4:19am May 31, 2016 4:19am
EJ H1 50 touch in confluence with H4 10 first touch + DP and RN. Initial SL was 15 pips then trailed at BE+commission. TP 15 pips. Target reached.
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