DislikedHi,
while the original rules remain same, the manual has undergone some updates. Please download latest manual from here- http://www.forexfactory.com/showthre...al#post4164418
CheersIgnored
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DislikedHi,
while the original rules remain same, the manual has undergone some updates. Please download latest manual from here- http://www.forexfactory.com/showthre...al#post4164418
CheersIgnored
DislikedK Minos you just got lucky.
The best trade according to the rules came 15 mins later and you can see it on your 15 min chart.
Price hit 10, 50 ma and daily pivot, stopped 1pip from 35 and went down for +50 pips.
But it is better to be lucky than to be good.Ignored
DislikedLooks like you are talking about the candle I marked with the green arrow.
So, when was the time of entry: the same second when PA touches the 10, 50 ma or should I wait for the candle close?
Sorry for noob question, I am still learning the basics of "The Dance". :nerd:
Thanks.Ignored
DislikedNot the close of the bar. Here, you might have waited after the first touch of the 50 to see if it was going to come up to the 35. It almost made it, but didn't. You might take it on the way back down before the 50, at the 50 or even at the 10. This is one of those situations where, I think, Kostas would fine tune the entry on the 5 minute chart.
By Dance rules, it would be OK to take the touch of the 50 here, or to wait as I said. This does not look like a place where you would take the first touch off of the 10.Ignored
DislikedWeather you made profit or loss is irrelevent. What is important is to stick to rules.Ignored
DislikedThanks. How about the next screen? Looks almost the same. Would be a valid entry at 50 ma touch?
Thanks.Ignored
DislikedGuys i realise it's Xmas so don't expect a reply anytime soon, so no probs. In the manual it states the following: "and price must have moved at least 15 pips before the retrace touch occurs". This is for touch trades. Can someone explain what this means pls?Ignored
DislikedHi Scullmeister,
nice to have a MA Bounce Trader here, I would appreciate to read your comments on this thread.
Surely many others could explain it better than me, but here is how I see it:
we consider "Touch trades" when the price hits an EMA10 (as an example) on a retracement (2 bars on M15) of a previous move of at least 15 pips in a certain direction.
Price goes downwards (at least 15 pips for being a correct signal), then it makes a retracement of 2 bars (M15), Touches the EMA10 and start again in the previuos trend direction....Ignored
DislikedThanks. How about the next screen? Looks almost the same. Would be a valid entry at 50 ma touch?
Thanks.Ignored
DislikedReally appreciate this reply, I think I get it now. So if for example we are long, so we are in effect waiting for a retrace/pullback to the 10 ema for example the price should have moved 15 pips upwards then retraced downwards no more than 2/3 bars then you can take the trade as long as the 10 ema is steep around 40-ish degrees. I think I get it, cheers mate I hope to be here more after Xmas.Ignored
DislikedGot a surprise present from our friend. Santa Clay has sent me the latest version of the Dance manual. He also mentioned that this will be the last update of the manual. It is split in two parts so that can be posted here..Ignored
DislikedGot a surprise present from our friend. Santa Clay has sent me the latest version of the Dance manual. He also mentioned that this will be the last update of the manual. It is split in two parts so that can be posted here.
My suggestion to newbies: This manual describes a modified version of the Dance which Clay calls the "Simple Dance". It is based on M1 and the 14EMA, 35MA, 50EMA on this timeframe. As a result, it provides for more opportunities to trade during the day. I didn't have a chance to trade this yet but...Ignored