QuoteDislikedMy personal opninion: This is actually a very good example of a trade I would take in the beginning of my journey when I started practicing the Dance and it would usually end up in a loss for me.
Thank you very much for that insight! That is exactly what would have happened with this specific trade. It would have gone 3-4 pips in favor (not even enough to move SL to BE) and then continue upwards and hit the SL. There are actually several trades like this in the beginning of 2018 but they have a flat EMA50 and SMA in Common. So I guess in the future I need to pay more attention to the angle of the MA's.
Did you guys start by only trading the Overlap times of the Currency pairs? For GBP/USD this would mean only trade in a range of 4-5 hours a day and in January 2018 it seems to me that there aren't many good Dance trades during the respective trading time.