DislikedFirst timer on this thread. Is this a 10ema setup few minutes after london open? {image}Ignored
Edit: Clarified what I meant by the hourly chart signal.
CHOROS Interactive 2,625 replies
Money management for CHOROS and other strategies 2 replies
I want to pay off my mortgage asap with Choros 181 replies
3-9% a day with CHOROS? 63 replies
Would you trade this system? New system #2. 10 replies
DislikedFirst timer on this thread. Is this a 10ema setup few minutes after london open? {image}Ignored
Disliked{quote} You are correct, NOT classic by the Dance method. Nevertheless, trades like this are classic for me and I usually take them. I usually pay attention to the two-bar rule but if it looks that it may bounce in 3 or 4 bars I may take them. More than 4-5 bars better to wait for the 35/50.Ignored
Disliked{quote} While it is a setup, as a new dancer I've learned to avoid trading the HTF MAs because they tend to be areas of consolidation and I haven't learned how to read the chop. For example, on my chart the entry candlestick looks like a Wick Off as it closes very close to the H1 35-SMA. The candles immediately before the entry look like a false breakout. On the hourly chart the two touch bar "signal" is two candles later (per manual, only touch trades should be taken off of the HTFs). Nonetheless, if you can consistently profit of these moves then...Ignored
Disliked{quote} Let me just tell you the reason I entered the trade if I will be able to clarify your question. If you look at the 1hr candle, it closed below 35 and between 35 and 50 by London open. There is chance that 50 ema can be touched and usually we are told to look for setup from london opening. There was a pull back touch of 10ema on 1hr and at the same time price touched 10ema on 15 following 2 bar rules. That is when i pull the trigger. I may be wrong. So let wait for experience Dancer to put more light to itIgnored
Disliked{quote} Hi.. and welcome to this wonderful thread. .. Your entry was nice .. but not 100% by rules.. why ? Fofo.. Frankfurt open Fake out .. When the weakest session (Asian session) overlaps to the european open we re getting a lot of "new" money to the markets. Can be tricky and leads sometimes to a taken SL. Its up to you to surf the wave or wait a "coffee" longer and get more safe in the market. Stay tuned and enjoy this system. GuidoIgnored
Disliked{quote} Thank you for the comment. Can you please expatiate on not 100% by rules. London opened before I entered the market and at least one session is open for the currency Traded.Ignored
Disliked{quote} Sure higher tf didn t confirm, fofo and 35 was above the 50 ema.. for a short. Kostas corrected me years ago ... 10, 35, 50 for long... and vice versa.. GuidoIgnored
Disliked{quote} Looking at all your recent post, you always nail 10ema trade perfectly. Do trade only 10ema only these days?Ignored
Disliked{quote} no, not only but they came along and when i hit 20 pips or more for the day i stop tading. so first (signal) come, first serve...Ignored
Disliked{quote} Sure higher tf didn t confirm, fofo and 35 was above the 50 ema.. for a short. Kostas corrected me years ago ... 10, 35, 50 for long... and vice versa.. GuidoIgnored
Disliked{quote} i agree with the HTF that this should be in line with the M15 trend. should...because when i see a perfect 10EMA touch and no other pair around is attractive i take also sometimes against the HTF trend. the other thing with the correct MAs in line 10, 35, 50 i found out that more often when a 10EMA touch signal comes the MAs are 10, 50, 35. but its just my observation. and ejiexe: FF means "frankfurt fucking", you have one hour before london opening the frankfurt opening which often shows a direction with suddenly wild breaks into the london...Ignored
Disliked{quote} important is that you have to find your own rules... i would not take the trade because its before london open. and also the HTF is more long...Ignored
Disliked{quote} What is fofo? I don't seems to have come across that. thanksIgnored
Disliked{quote} Noted thanks. meanwhile which tf do u consider HTF. Do you look up till monthly chart?Ignored
Disliked{quote} Dancing is one of the most discretionary systems I ve ever seen. Stay tuned GuidoIgnored
Disliked{quote} this is also what i like most. you will never find a dancing-EA.Ignored