This is to share the work that I have put into this setup incl. the collection of very useful tools (both scripts and indicators) to comfortably trade the Choros strategy. None of those tools were created by me, so the credit goes where it is due. ...

CHOROS System

It wasn't a legit first touch, the bars were too small. But oddly I guess even if a legit touch happens after that somehow I have an impression it is supposed to be counted already as a second one - or isn't? Nice constrainment has formed just now ...

CHOROS System

That was H1 counter trend and those previous rejections at that level looked quite scary. Anybody has traded anything interesting on M!5 though? The markets seem to flat out, price bouncing between HTF MAs - or is it just me? Any AAA setups spoted?

CHOROS System

No problem, we are just exchanging our observations, its all good. You mean all uptrend retraces usually have HH and HL pattern? And the touches are usually part of HL in an uptrend and are retracing from HH ;-)

CHOROS System

Larry, where does it say in the rules that steep, parallel and close together is acceptable 3 bars in the past (it still wasnt)? It has to be while entering. Also if you have a strong trend for weeks id be careful not to buy at the top. Especially ...

CHOROS System

So those H4 MAs are from your point of view steep enough and close together?

CHOROS System

Too risky. 35/50 wide apart and the price on h4 just made lower high AND lower low.

CHOROS System

I would also be quite worried about this pivot just ahead. Do I understand correctly that when we look for HTF confirmation - a trend in the same direction is sufficient (of course with no HTF MAs on the way)? Because any additional SIGNAL coming ...

CHOROS System

I have to disagree. Maybe this is not so obvious once you see what happened later but while the touch happened the MAs were really flat. Besides you need a dynamic move down and a dynamic retrace for a valid touch trade, here the price was barely ...

CHOROS System

Hello, Are both correct by the rules two bar retracements or only second one? The picture is just an example, it is a simplification of 2 bar retracing to MA10 from an area of consolidation/uncertainty after a higher high (1). Or does it always have ...

CHOROS System

Why would you use it? Just stick to 10 & 35/50. There is no need for anything else unless you get advanced enough to make some aware and sensible changes to the method on your own. Before that if you wont be able to put 35/50 to work than 62 is not ...

CHOROS System

Am I correct to think that if we have a trend in M15 and even in H1 but 35/50 are completely flat in H4, then we might shoot from M15 if the setup is good but than it should be only aimed at quick pips as the H4 range could quickly reverse on us? Of ...

CHOROS System

Until brexit situation stabilizes anything can happen.

CHOROS System

Thanks!

CHOROS System

Closed @TP 126 pips. Possibly one of the be best looking 35/50 weekly touch on GU ever.

CHOROS System

Looks bullish like hell according to the dance. The factors you have mentioned would only make me cosider not to go long. But never short within the dance.

CHOROS System

If you spot perfect dance long setup, for example 35/50 first touch, steep, & close, HTF ok, etc. - would you still take it if you realized that it was about to happen after double top?

CHOROS System

This is exactly the trade I have taken (outside of my regular trading schedule). - That weekly steep 35/50 on top of each other that it touched - Cofluence with big RN - It is sooo much overbought - The probability of positive political outcome of ...

CHOROS System

Anyone took that beautie on DAX today? M15 10 touch @1.2221. Perfect long where even trailing SL by the rules would work 100%. GU going completely nuts since yesterday.

CHOROS System

You are right. I must have confused not using SL with not using "move SL to BE" and also the fact that mostly you close your trades manually.

CHOROS System