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Quoting leemonk
Thanks for the feedback. I beleive there was a trade there because had I set my SL where I say I should then I would have bagged 20 pips.

Lee
Lee,
As I said before, IMO be quick to grab your pips with this method. Otherwise, use partial lots so that you grab quick profit with one part and let the rest ride with BE.

Kostas
Quoting kostas1
Lee,
As I said before, IMO be quick to grab your pips with this method. Otherwise, use partial lots so that you grab quick profit with one part and let the rest ride with BE.

Kostas
Do you mean the whole system or the particular trade I took?

thanks for the reply
Quoting Suranga2500
Keith.......... you must be joking. How do you know that he is Keith...Please explain...This is the burning question we as his system follower require to clear. Next thing please dont bring this discussion to here.

Regards.
I also want to know what are you goal here? You didn't come here to learn... Really... If you the one of those who removed Clay and make process on learning from his method more difficult for as now, then (please understand) you can't get our respect here.
Quoting leemonk
Do you mean the whole system or the particular trade I took?

thanks for the reply

Lee,

I mean the whole system. This is my twist to this strategy and Clay adopted it partially by getting quickly half profit at 15 pips and letting the rest of the trade to ride longer.

Kostas.
I will reiterate something for the benefit of the new guys that see this thread so they don't waste their time.

If you are looking for an automated system that is fire-and-forget, this is NOT it. With the Dance strategy you will be involved in the trade and need to build your experience with good amount of screen time. So either Demo or live DO spend time in front of the charts and see how price reacts at the MAs and the round numbers.

Kostas.
Hi,

I have been reading the old thread and have noticed that the areas described as flatlining are good set up areas.

Did anyone ever create an indicator to draw a box or highlight in some way when this happens. For example " if Highest High Value of last (x) (5?) closed bars is within (y)(20?) pips of Lowest Low value then draw a box or star or something near those bars. If the values are adjustable then it could be used for different time frames.

Just an indi to highlight a period of indecision, obviously we then look for a break of that area.

Thanks
Money grows on the tree of persistence
Quoting kostas1
Trotty,

I am trading from work through a firewall which doesn't like the chat software. I miss you guys too.

The twist that I added to this method can be described by the following:

1. I have always open a M1 chart during trading which helps me fine tune my entries & exits.
2. I tend to take quick profits. My daily target is 30-40 pips with 3% risk. So usually using the Dance rules I can achieve this in 3-4 trades (each from 8-15 pips). My SL is no more than 15-19 pips. If I judge from M1 that action doesn't like me I stop the trade earlier...
Hi Kostas, do you also use the H1 and D1 charts or just the M15 and M1?
thanks
The best fine tune system for entry that i know is Tkpower8 ATM . (here on ff)
Quoting ozmacca
Hi,

I have been reading the old thread and have noticed that the areas described as flatlining are good set up areas.

Did anyone ever create an indicator to draw a box or highlight in some way when this happens. For example " if Highest High Value of last (x) (5?) closed bars is within (y)(20?) pips of Lowest Low value then draw a box or star or something near those...
Ozmacca,
We try to keep this strategy clean from indicators. But feel free to ask in the Programming Section and if something pans out we can test it.
But I will stay at your comment that flat areas are good setups. I have observed some of these but the problem with these areas is that you don't now where price will go. More chances for fake movements there (unless you refer to constrainment areas).

Kostas
Quoting 3xtrader
Hi Kostas, do you also use the H1 and D1 charts or just the M15 and M1?
thanks
3xtrader,

Yes I do use all these charts and M5 too. So I focus only on one currency (GU) and my screen is divided in H1, M15, M5, M1. Then when I need to, I change my H1 to H4 and D1.

Kostas
Quoting kostas1
3xtrader,

Yes I do use all these charts and M5 too. So I focus only on one currency (GU) and my screen is divided in H1, M15, M5, M1. Then when I need to, I change my H1 to H4 and D1.

Kostas
Thanks Kostas,

And you trade the strictly the London Session?

Focusing on one pair seems to be a good strategy with the Dance. One pair is enough.
Hope to start making the cash...
cheers
Quoting 3xtrader
Thanks Kostas,

And you trade the strictly the London Session?

Focusing on one pair seems to be a good strategy with the Dance. One pair is enough.
Hope to start making the cash...
cheers
London and early US.
For newbies, I will underscore the importance of focusing on one pair. In my experience this fine-tunes your reactions since you develop a feeling about how a currency moves and still provides plenty of opportunities to hit your daily target.
Quoting kostas1
Ozmacca,
We try to keep this strategy clean from indicators. But feel free to ask in the Programming Section and if something pans out we can test it.
But I will stay at your comment that flat areas are good setups. I have observed some of these but the problem with these areas is that you don't now where price will go. More chances for fake movements there (unless you refer to constrainment areas).

Kostas
Hi Kostas,

I can understand the resistance to indicators like MACD RSI etc but I thought something that simply highlighted price action flatlining would be of assistance in reminding us to be aware that it was happening.

Sorry about that
Money grows on the tree of persistence
Quoting ozmacca
Hi Kostas,

I can understand the resistance to indicators like MACD RSI etc but I thought something that simply highlighted price action flatlining would be of assistance in reminding us to be aware that it was happening.

Sorry about that
No problem. I still think you should follow your idea at the programming section and if you see something interesting we can try to see how to use it here.
Not a bad ride. Took at touch of 35/50 confluence, RN near.

Edit: added second screen where I closed it, because price was hesitating too much, so I decided, that's the bottom. +75 pips.
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I saw that EURUSD opening after the fact; missed it. I was watching EURJPY which just dropped like a stone. The problem I have with this system and many others is that I can't see entries for these huge moves.
There was a possible constrainment entry at the top of EURJPY's drop, but the 10 MA was above the other MAs. Any ideas for dealing with this? Wait for a retrace?
Quoting messiahua
Not a bad ride. Took at touch of 35/50 confluence, RN near.
Nice Messiahua,
Please update your post with TP when the trade is done (to keep the thread readable I prefer that people edit/update their original trade post when the trade ends)

Kostas

P.S. I got 26 pips from the same trade but on GU. If you look at M1 GMT 7:54 and 8:00 you will see a case of double head-fake. I took the 8:00 trade short but it made one more fake move up at 8:09 to take out small SLs. My SL kept me in the trade and I got out with 26 pips
Quoting agent6488
Wait for a retrace?
Did end up giving a retrace pinbar entry... would still like to know if there are any tips to catch huge moves at first with this system.
Quoting agent6488
Did end up giving a retrace pinbar entry... would still like to know if there are any tips to catch huge moves at first with this system.
So far I have used this system mostly to catch re-entries on a move that has already established itself since price being above/below 35/50 means already a strong trend. Nevertheless, the contstrainments many times offer opportunities to catch big moves in the beginning.

Kostas
Hi all,

I was wondering if I can get some clarity on the above in accordance to the rules.
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