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The Dance

  • #541
  • Apr 8, 2010 1:23am Apr 8, 2010 1:23am
hmm apparently my MT4 looks different from yours. mine had a short spike thru and then opened at 50 and went down after that.
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  • #542
  • Apr 8, 2010 1:24am Apr 8, 2010 1:24am
Good morning all,

Here is my trade on cable. We had 1 touch of the 140ma and then another touch off the 50ma.

I just love The Dance
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  • #543
  • Apr 8, 2010 1:28am Apr 8, 2010 1:28am
hi clay its hard for me to visualisation your explaination of turned. given / = positive gradient of 10ema, - = 0grad, = negative gradient. if the prevailing trend is down, grad of 10 should be and thus when it goes back to touch the 35/50, we should be lookin for it not to become / ? do we still take the trade if grad = 0?
  • #544
  • Edited 1:55am Apr 8, 2010 1:39am | Edited 1:55am
In a short ATM, EJ up 33, locked in 25 waiting to see if 124.00 holds or not. Images in a few.

OK,,, so here are the charts from the trade now. I have only had about 2 hours on the computer today because of some things I'm involved in, and most of that was answering posts here.

SO,,, because of the VERY visual nature of The Dance, while I was working on posts, I saw the EJ setup under my browser, looked closer and in about three minutes decided to take the trade at COB, more or less. That led to these charts.

Not bad for not really focusing on it much this week or today especially.
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  • #545
  • Apr 8, 2010 2:09am Apr 8, 2010 2:09am
Quoting yunielescaz
hi clay its hard for me to visualisation your explaination of turned. given / = positive gradient of 10ema, - = 0grad, = negative gradient. if the prevailing trend is down, grad of 10 should be and thus when it goes back to touch the 35/50, we should be lookin for it not to become / ? do we still take the trade if grad = 0?
Yunie, the way you word this confuses me a lot my friend. I have no idea what you mean by "/".. let me attach an image to see if I can explain a bit simpler.

If it is "turned" it's VERY clear as opposed to merely "flattened" or still headed in the direction of the trade.

If it has "flattened" be cautious, but often the "Touch" works out just fine. If it is still headed in the trend's direction, should be a really good "touch" but if it has ALREADY "turned" BEFORE the "touch" watch price action a LOT more carefully,, look for S/R from prior P/A, a confluence of a line and an RN, or something as confirmation, or be looking MOSTLY for a constrainment entry, but not necessarily a "touch" unless it "flat tops," "Dead ends" into the line, SOMETHING to "confirm" the "Touch" is going to hold.

Hope the image from "right now" helps.

By the way, IGNORE the gray dotted line on my charts this week,,, something I'm watching and nothing more yet.
Attached Image (click to enlarge)
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  • #546
  • Apr 8, 2010 2:12am Apr 8, 2010 2:12am
Quoting yunielescaz
hi would like to double check if this is actually a constrainment trade posted in the pic is the G/U for its asian session ...
You need to "quote" the post yunie, so we know which image you refer to. Use the "quote" button at the bottom right of the post to get it.
  • #547
  • Apr 8, 2010 2:12am Apr 8, 2010 2:12am
Quoting eclayf
Yunie, the way you word this confuses me a lot my friend. I have no idea what you mean by "/".. let me attach an image to see if I can explain a bit simpler.

If it is "turned" it's VERY clear as opposed to merely "flattened" or still headed in the direction of the trade.

If it has "flattened" be cautious, but often the "Touch" works out just fine. If it is still headed in the trend's direction, should be a really good "touch" but if it has ALREADY "turned" BEFORE the "touch" watch price action a LOT more carefully,, look for...
many thanks! crystal clear rite now
  • #548
  • Apr 8, 2010 2:13am Apr 8, 2010 2:13am
Quoting eclayf
You need to "quote" the post yunie, so we know which image you refer to. Use the "quote" button at the bottom right of the post to get it.
ha my bad its actually my own image. but i forgot to attach it
  • #549
  • Apr 8, 2010 2:14am Apr 8, 2010 2:14am
hi would like to double check if this is actually a constrainment trade posted in the pic is the G/U for its asian session showing difficulty going above the 35/50 which then had a breakout towards frankfurt open. which bar would u guys have entered in this case?
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  • #550
  • Apr 8, 2010 2:18am Apr 8, 2010 2:18am
Just thought I'd point out that by the stats I have access to as the thread's starter, we have passed a small milestone in my view. There have been 450 downloads of The Dance from the original manual on post #1 (http://www.forexfactory.com/showpost.php?p=3529704&postcount=1) and 176 downloads of the new manual on post #256 (http://www.forexfactory.com/showpost.php?p=3568994&postcount=256). The way I see it some downloaded both, but probably it means that about 500 people have downloaded The Dance.

That coupled with slightly over 50,000 views and 548 posts, means the thread is doing a LOT better than I ever thought it would. It also means a lot of people with a very visual, very simple strategy to start creating true, repeatable, sustainable wealth in any market.

THAT, to me, is amazing and ,,,, well,,, I guess amazing is enough said.

Awesome,,, just awesome to me.
  • #551
  • Apr 8, 2010 2:22am Apr 8, 2010 2:22am
Quoting yunielescaz
ha my bad its actually my own image. but i forgot to attach it
Hahahhahahahah,,,, too cute yunie.

Yes, the area circled in it here is a constrainment trade and I was too busy watching EJ to take it.... AND, this was a better trade too!
Attached Image (click to enlarge)
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  • #552
  • Apr 8, 2010 2:30am Apr 8, 2010 2:30am
i noticed that if no big news(greece/UK) comes out after NY close that might rattle the asian session, almost all asian sessions sort of creates a constrainment area on thin trading. as such i have been seeing alot of big moves starting from frankfurt open thus in my opinion, its great to look out for such constrainment trades from GMT 0800 onwards. jus an observation. hope it helps.
  • #553
  • Apr 8, 2010 2:32am Apr 8, 2010 2:32am
DELETED - sorry...

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #554
  • Apr 8, 2010 2:45am Apr 8, 2010 2:45am
No worries linuxinterior, welcome to the thread.

Someone earlier asked how I get my charts to look the way they do, and I can't remember who, but here is the answer.

I use FastStone Capture, and I use the "Capture Rectangle Region" tool to catch the images. Then I move to the "Draw" section and edit the images where I use a "square" tool with the edges set to about 80 so I can rapidly achieve the white area then I use the text tool to write on the images.

Once that's done, I use the arrows and other tools to achieve the rest of what I am trying to point out.

Then I have it set to save as either a .jpeg or a gif with a 90% resolution.

That pretty much does it.

Hope it helps.
  • #555
  • Apr 8, 2010 2:54am Apr 8, 2010 2:54am
Quoting eclayf
Just thought I'd point out that by the stats I have access to as the thread's starter, we have passed a small milestone in my view. There have been 450 downloads of The Dance from the original manual on post #1 (http://www.forexfactory.com/showpost.php?p=3529704&postcount=1) and 176 downloads of the new manual on post #256 (http://www.forexfactory.com/showpost.php?p=3568994&postcount=256). The way I see it some downloaded both, but probably it means that about 500 people have downloaded...
It is amazing but not surprising, with all my jumping around on trying to find a simple stratedy or even someone to trade with, your method and the people that are contributing here has been.....! (one can get all choked up!! and am NOT a mushy person!! )

Bur jokes aside , thank you, my trading and simply reading the charts and understanding price action has really improved thanks to you and the fellow traders here, am very greatful.
  • #556
  • Apr 8, 2010 2:56am Apr 8, 2010 2:56am
Quoting eclayf
No worries linuxinterior, welcome to the thread.

Someone earlier asked how I get my charts to look the way they do, and I can't remember who, but here is the answer.

I use FastStone Capture, and I use the "Capture Rectangle Region" tool to catch the images. Then I move to the "Draw" section and edit the images where I use a "square" tool with the edges set to about 80 so I can rapidly achieve the white area then I use the text tool to write on the images.

Once that's done, I use the arrows and other tools to achieve the rest of what...
oh that was me!, then i deleted it as i was re-reading the thread and saw your explaination,
  • #557
  • Apr 8, 2010 3:29am Apr 8, 2010 3:29am
A good 10EMA touch appeared on GU. Took it for 34 pips. Interestingly, the touch appeared as a pinbar on M5. This happened twice with exactly one hour difference between them. I took the second touch.
Kostas.

P.S. (edited later): It was also bounce from H4 EMA50.
P.S.2 I am glad I was out before the news (on purpose)
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  • #558
  • Apr 8, 2010 4:11am Apr 8, 2010 4:11am
Live trade now. Locked in a few and we'll see, but I think this one will be a really good trade. Might surprise me, but at least I'm already up pips. I'll post the exit when it happens.

Planning on locking in some more here very soon.

And here is the exit,,, may look at re-shorting here at the RN,,,, all depends.
Attached Images
  • #559
  • Apr 8, 2010 4:13am Apr 8, 2010 4:13am
Quoting kostas1
...A good 10EMA touch appeared on GU. Took it for 34 pips.
Awesome trade Kostas1,,, keep up the good work guy. You're really nailing it here.
  • #560
  • Apr 8, 2010 5:05am Apr 8, 2010 5:05am
Quoting eclayf
Just thought I'd point out that by the stats I have access to as the thread's starter, we have passed a small milestone in my view....
I think it's just the start Clay :-)

I'm up again today and starting to get well consistent now. I'm really enjoying my trading now and the stress levels are getting less and less the more I trust this strat :-)
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