The Dance

Kostas1, you are doing exactly what I designed this strategy to do, with an eye to gaining lareger moves as my experience grows. One really only needs 30 pips a day consistently to gain very, very large sums of money over a year.

Neat stuff Kostas, neat, neat stuff.

hi kostas which session do u trade in?

im only watching 2 pairs on 4 TFs. daily i look at it once and mark down the important levels. cos i doubt it will change much as its only 1 bar. gota say my reaction speed is sub par and im still not doing well. its back to demo for me, re read all of clay's materials and hit the simulator hardcore.

Typically I trade from 7:00-13:00 GMT. Take your time with understanding the system and spend time in front of the computer (this is not a fire-and-forget system).

Hi Yunnie,

I'd also recommend you come to the chat room that was created by Juneman on fxinvestor.co.uk, i found it quite useful having several eyes seeing the same chart that your seeing at the same time, you get other people opinions as well. Naturally the final decision is still yours but getting other peoples critique at the time is always handy.

I will try and post some more of my charts on trades that i have taken on here, as am still fine tuning my entries, but so far its brilliant for me, suits my trading style ,

Seeing you guys work together like this is just awesome,,, really awesome. Too cool,,,,

This week's a mess for me timewise, but I'll try to be back on a bit more next week.

This is just awesome,,,

Cool,,, keep it up.

Oh, and by the way, I have often thought of trading a single currency. For newbies, and even some of the more experienced traders, it probably WOULD help.

EOHater's whole huge thread started just traging the Gbp/Usd and they "nailed" it really hard, make huge pip counts.

So, give it a try.

God bless,

I took this trade this morning (gmt), Aud/usd, a nice bounce of the 50ma on the 15min tf. If you notice on the chart, the bottom line is where i should have taken my pips, but left it to retrace and manage to get 1pip, still a pip is a pip in profit

Hello all,

Here is a trade i took this morning using The Dance. I got in a little late because it hit the 50ma and shot down. I have trailed the trade following the dance rules and I am + 80 as of writing this.

Don't you just love to Dance

Hi Clay,

Sorry i don't have a chart at hand to post, but its following on from the chart i post earlier.... now i shorted around the constraint which formed around 7.15am gmt, (entry was closer to the 50 shown in the chart above,) as i was very biased towards the short, looking now my analysis was flawed, as i did not look on the 1hr chart to see how the MAs looked.

The reason am still perplexed about this trade is the was a big move up and another downwards, i had two short entries, both around similar entries and similar stop losses, i was stopped out in one by a few pips i think, and my tl was hit on the other, netting me 7pips.

When you get a moment can you comment on this contrainst trade i took.

ps.. once again! great trade June... very sorry i missed it!,

Little update trade has now been closed for 102 pips.

Hi all, here is a trade i took today on AUD/USD, this was my 1st live trade with the dance. I only got 5pips out of this trade but was a great learning experience, price action was extremely slow, it was testing me to the max!!

Trotty helped me alot with managing this trade on the chat group and want to thank him for that!! and want to thank clay for sharing his wonderfull system and his kindness!!

Cheers

Great trades guys. Especially being that we are in consolidation at the moment, or at least we were still last night.

AND,,, FXNOOB1, I LOVE your tag line, 'or let failures go to your heart!' Awesome concept. Wish more understood that and could accomplish it!

Hi Nixie, my main comments are on the attached image file, but keep in mind that VERY often there is a re-test of the upside from a move down and vice/versa. That's what happened where you talk about.

Hope the image helps.

Gotta run my wife to college,,, back on later tonight.

God bless,

Thanks for clearing that up, realise now that my entry was a bit early and my sl should have been where my other sl was which was just above where the spinning top was, as i had two trades in... we live and learn!

Hi clay and fellow dancers

Here is a short trade taken today on EUR/JPY, Clay I Apologize
for the charts, forgot to clean up charts when i took screen shots.

this was a very tricky call, all of us in the chat group was very unsure about where this one was gonna go. but looking at charts now it was pretty clear where the bias was.

Cheers

Hi, Clay:

I am a newbie in forex trading. And I have followed your system for 1 week and read your dance manual 3 more times. I have some successful trades and some not works out. First of all, I really like your strategy and want to improve my trading skills with your great strategy. But I have some confusions in my mind. Could you help?

1. I think sometimes the broker's requote really break the strategy. I have attached the charts in your post 3 and my chart (which is quoted by FxOpen).
-------------------------------------
Your quote:

My quote:

I do not know how I should do to this situation. If I make a more 5 pips to stop, the RR is not good. Could you give some advice?

2. As to the touch trade, will you place the order at the first touch just follow the rule without any other decision making? For example, if the price is approaching 35 EMA within 2 bars (at 35EMA is at about 20 degree). Will you buy it at the first touch or wait some other confirmation before your buy? I remember one of your post said the price action there is some strange, like touch first and then quickly retrace back 3-4 pips and then a second chance to buy ...

3. If 35EMA and 50 MA is in parallel and the distance is 5 pips. The price is approaching within 2 bars. How do you judge whether 35EMA or 50 MA will be the resistence? I really confuse this situation when I am in demo trading.

Again, thanks for sharing this great strategy.

Regards,
Yang

Hi syyzxsyf, welcome to the thread. I'm going to take your question in parts, OK?

First, no, a borker's re-quote does NOT 'break' the strategy. There IS something in your chart that DOES 'break' it though.


The charts you attached don't show the same time. My chat is on the 19th of February, your's is the 22nd. YOU MUST compare "apples to apples" if you want solid answers, but I will do my best to help here.

In my chart, the trade was taken IMMEDIATELY at the "touch" with a short SL of about 11 pips or so if I remember correctly, and no, I did not "know" if it would give me the R:R I wanted, but the strategy solidly indicates this type of trade is normally worth around 30 pips,,, RR of 1:3 which is MORE than acceptable and NO there was NO other "confirmation" on the trade other than that "touch" and the fact that price already has established a solid move to "retrace" and "Touch" from.[/quote]


IF your focus is on what the potential R:R is, you will never take a trade because it is IMPOSSIBLE to "KNOW" for a certaintly what it will be. There are many trades posted in this thread that ended at +1 pip.

Your main focus is on the strategy and mastering the "right" setups, NOT the R:R you "think" it will give you. The "Setup" is the ONLY concern you must have. To quote an "old timey" guy,,, "Is it is the right one, or is it ain't?" Either you DO have or you DO NOT have a strong signal "by the rules" that, when you are just starting out is your ONLY concern. YOU DO NOT have anywhere near enough experience to even venture into the realm of "thinking" about anything in the trade other than "is this PERFECT 'by the rules?'"


YEP, NO OTHER CONFIRMATION AT ALL, EVER for newbies! PERIOD. MASTER TRADING THE FIRST PERFECT SETUP, or DO NOT trade at all.


You DON'T, not ever try to judge which will be the one. Take the FIRST one it touches, period. Then if it blows through it, take the next one, period. THING is the closer together they are, the less likely you will 'care' which is the correct one. YOUR SL SHOULD be around 11 to 12 pips or so. That will often place the SL BELOW or ABOVE the other one.

If you get stopped out, WHO CARES?,,, the strategy is already proven to have a very high degree of reliability and return if followed "as is" with Not a SINGLE modification or improvement.


If you are confused, it's because as a newbie, you are trying to figure out things you can barely understand, let alone figure out yet. The absolute MOST important thing is to find a strategy you TRUST, and THEN TRUST IT! Learn it, practice it relentlessly and take EVERY SINGLE SIGNAL YOU SEE, PERIOD without ANY hesitation whatsoever.

Until you start doing that, you will not gain the "screen time" necessary to start trading properly. THAT is why I want you to start in the Simulator FIRST. Until you have traded in Simulator for at LEAST a few weeks, don't waste your time on Demo, and especially not on Live. YOU MUST develop the HABIT of trading without hesitation before anything else is even possible.

When you notice that your trading in SIMULATOR is starting to improve, THEN and ONLY THEN should you attempt demo. The Simulator is so much faster than Demo or Live that after a few weeks in Sim, you will feel like demo and live charts move like molasses on a cold day in December.

THAT is when you are ready to START trading demo. By this time, you SHOULD be able to double the account in demo, or at the very least increase it substantially when you practice in Simulator.

As you progress in Demo, the EXACT SAME process will happen. First, you will make lots and lots of "bad" trades, but over a short time, most likely a few months, you will notice that you BEGIN to become more consistent and your trades begin to be better, stronger and larger.

THEN AND ONLY THEN are you even remotely ready for Live trading.

It boils down to this.

Trade The Dance EXACTLY the way the rules say to. DO NOT analyze it, TRADE IT!

DO NOT use the normal trade interface, USE THE SCRIPTS! the execute extremely quickly, and MUCH, MUCH faster than you can click and enter a normal interface trade.

If your borker keeps re-quoting, GET A DIFFERENT borker and keep trading EXACTLY the way it says to in the rules.

I don't mean to be harsh, or cold, and we really do want you here and to help you learn, BUT, learn it the way it's written or DO NOT trade it. Don't "analyze" it, don't look for more "confirmation," don't try to improve it, just trade it.

The scripts are set to a 19 pip SL,, leave them at that until you start to get consistent and don't even bother with trying to be consistent, just learn to consistently take the entries as close to "perfect" as possible. The "real" consistency will be born of that learning. That will give birth to being consistently profitable and consistently growing your account.

AND lastly, DO NOT take my word for it, ask the folks on the thread and see what they have to say about it all. If you need some more interaction for confidence building, go to Juneman's chat room and learn some more there.

YOU WILL get there, BUT YOU MUST BE patient and go easy on yourself. Keep at it and you will get there.

Hope that helps.

Just finished Trade. It was in "congestion" in a sideways market using the Lines AND S/R levels based on P/A for BOTH the entry and the exit points.

Not bad,,, not bad,,, the account just grew very, very nicely. The Scripts set the "risk" to 3% at 16 pips for me, ( I trade with a bit more risk than my manual suggests) so I nailed +3% for EACH 15 pips,,,,, you do the math.....

Clarification: Made a mistake on the chart,, the entry was actually on the NEXT candle to the one indicated at it's "touch" of the H1 equivalent. line.

God bless

Nice Clay,
I took the same with +35 (target round#).

Kostas

P.S. (for the chat gang): Sorry I couldn't make it there the last 2 days (too much work). Hope to be present on Monday....

Cool Kostas,,, you're doing really awesome my friend, really awesome. Doubling your account in a month in the current market conditions as I know you have, is a VERY strong accomplishment. The fact that you did it by following an extremely modest strategy of +30 pips per day is even stronger testament to the value of The Dance, AND MORE IMPORTANTLY, having a true "business plan" that you stick to no matter what.

These signals very often give out +15 minimum, and a LOT of them, as with today give out much, much more.

The type of "stick to it" you show gives a great example and a LOT of hope to the large number of "newbies" I have seen on the thread "lurking" around and watching.

God bless, and thank you for your participation in the thread.

Another GREAT set of questions from one who is just sort of "lurking" around on FF, but the questions are very good and the answers have a lot of good detail for those learning. So,,, here is the PM, divided up into the pertinent parts with answers in line as well.

Gotta tell ya this is the best laugh I have had in weeks! Awesome way to start a post or a PM! Obviously I am going to reply now "step by step" but this is good my friend, really good. I may even share it on the Thread!


The absolute BEST STRATEGIES ARE simple. Personally, I hate the word "system" as none really are, they all require human discretion to work,,, hence the word strategy. A "system" works on it's own, no input needed. A strategy is always more effective and more powerful.


Sorry to upset the applecart, but if I got you thinking, and really "seeing" things, then it's a very, very, very good thing.


Here we start getting to some extremely important stuff. First, DO NOT EVER stop what you have been working on to start with something "new" just because it looks so good! NEVER do that! NOT EVER, for any reason, NOT EVEN with, or for THE DANCE!


Good decision!


May I suggest that you CONTINUE what you are working on, and watch The Dance a little longer? Take what makes sense to you from The Dance and apply it to what you are doing? If it becomes apparent after a while that The Dance is where you "see" clearer, THEN move.

Thing is this. YOU have ALREADY started down a road. If that is a good road, it WILL lead you where you want to go. If not, then in the not too distant future, you will be able to see a CLEAR point where what you are attempting and what The Dance does, start to sort of 'merge.' That is what happened with me, when I was working a lot more intensely with End route.

What he did, and does, mystified me at times. There were, and still ARE things about his trading that have become completely "instinct" to him, but so mystify me I wouldn't even DARE to attempt them. BUT, the longer I trade The Dance, the MORE HIS things start to make sense to me.

He once said to me, "Have you noticed that you are starting to "see" good setups REGARDLESS OF WHAT IS ON THE CHART?" To mu utter shock and surprise, he was right. I WAS starting to see things like that INDEPENDENT of The Dance, though I still stuck and still stick to my rules.

YOU WILL go through the SAME EXACT process in learning to trade YOUR way, OR with The Dance. IT IS A PROCESS, A JOURNEY, NOT a destination. The more you trade, the better you become, the more pleasant the journey is AND the more you enjoy it.


I have found that when I stick to my rules, I nail about 85% of the trades and I mean NAIL them hard, with over 15 pips and OFTEN as many as 50 on a pretty regular basis. I would guesstimate that around 15% or so end up at BE or slightly less than BE+5. But that last part is a guesstimate I don't have much in the way of stats on that part, and never really paid much attention to it.


Lindsay, I am really happy that The Dance is helping you. I am extremely happy that you are finding things about it to help you trade better. I AM MORE HAPPY that you can see the value of sticking to what YOU are working on, at least for now.

My goal in this thread, though I keep it strictly focused on The Dance, is NOT to teach The Dance, it IS to teach the value of PERSISTENCE IN trading, the value of never ever giving up, the power of believing that you CAN make it and that the ONLY way to fail is to quit.

The way all this came about (in simple terms) was that I wanted something so simple I couldn't mess it up. That's it. Just wanted a simple way to make one, perhaps two trades each day with a solid +30 pips as close to guaranteed as possible, though I knew there are no guarantees in any of this.

STILL, I KNEW and I KNOW that a trader CAN find ways to trade that are VERY, very close to being a "sure thing." The only reason more don't find that, is that they are constantly told it's impossible.

They are told there is no "holy grail" there is no amazing secret and they are told they have to trade for years to become successful, they have to have multiple thousands of dollars in their accounts to be able to earn a living trading. There is so much information out there that is not only just "wrong" but also just plain lies, that the average person has no clue what to believe or where to start.

The truth is that if you teach a 10 year old that he or she is playing a video game with some simple rules, they will master trading in a very short time because they have NOTHING telling them they can't do it. Don't believe me, try it.

Set one down in front of a computer screen with a connection to a data feed that draws the charts in Candlesticks. Tell them that they way they "keep track" of how well they are doing to win the game is by amassing lots and lots of "points."

At that age, or even earlier, they will simply follow the rules, which is the "Holy Grail" of ALL trading, not just Forex trading. FOLLOW THE RULES. That is THE RULE for all traders.

There is a strategy that trades a simple 10 SMA and NOTHING else. If price goes above it, go long and get out when price comes back to touch or cross it. If price goes below it, go short. IT WORKS! and it works WELL, the "flaw" is the person trying to implement it. We all want to get out if it's going against us, and stay in if it goes for us. THAT is the flaw!

IF we "filter" the entries in some way, using something that CANNOT LIE TO US, then we will take less entries, but have more and larger gains. Price action cannot lie to us, it is what it is, and it is based on all of the millions of human decisions in each second of the day that generates the movement of price on the charts. WE divide up the time and cause the candlesticks, but THEY make the decisions and THEY can't lie, because the decision is ALREADY MADE by the time we "see" it.

The same is true of Moving Averages. The average of anything cannot be a lie. An average, is simply a mathematical computation of a thing over time in certain quantities, nothing more. Averages cannot lie either. They simply are. WE choose the time frames, WE choose the 'way' the average is calculated, but THEY choose the millions of decisions that CAUSE the averages to be possible.

Oscillators CAN lie, because they are averages of averages applied to more averages.

There is a very, very, very old saying. FIGURES DON'T LIE! BUT LIARS CAN FIGURE!.

Once upon a time, a business man was hiring someone to crunch a huge database of numbers about his business so he could gain a better understanding of his ordering processes, inventories on hand and over time, and the sales process so he could make better purchasing decisions and gain an edge on the competition by being faster, leaner, more profitable.

He had narrowed the search to three finalists. An engineer with vast amounts of experience, a mathematical theorist with vast amounts of experience, and an accountant with vast amounts of experience.

Having gone through an exhaustive search, winnowed through literally thousands of applicants, and having now narrowed the search down to three finalists, he brought each in one at a time to pick the victor to whom he would give the job.

He thought for many, many sleepless nights over what the final question he would ask them might be. Finally deciding on this. "What is the answer to 2+2?

First he brought in the engineer who then began to explain the intricacies of the engineering process and the fact that in nature nothing is ever perfect and so it is impossible to know the EXACT answer to the question "what is 2+2." but that it was 4 plus or minus the factor of piR2. He then called in the mathematical theorist who also began a lengthy explanation but basically ended up in the same argument about perfection and the improbabilities of exactitudes.

Lastly he brought in the accountant to whom he posed the final question. "What is the answer to 2+2?" The accountant sharpened his pencil, opened a yellow pad for writing, licked the tip of the lead and said, "What do you want it to be?"

THAT my friends is the sum total of all the efforts of those creating price based indicators. "What do YOU want it to be?" You can find indicators for literally any possibility of the extrapolation of price movement. YOU CANNOT change the movement, it CANNOT lie to you. YOU CANNOT change the averages of that movement, merely mark them or change the time frame for which they are computed in a few ways.

BUT YOU CAN change every other possible interpretation of those variables and permutations. AND THAT is where the vast "lie" of trading exists.

The most important question you will EVER ask about trading is not "how do I trade?" IT IS HOW DO "I" SEE the charts?

How YOU see and understand price movement is the MOST important discovery YOU will ever make about trading. The Dance is just another way of "seeing" it that is simple enough for one to grasp quickly and then hopefully, to master just as quickly so they can be encouraged enough, patient enough, and persistent enough to let the tool GOD GAVE YOU (your brain and ability to think) "kick in" and make you consistent and profitable in YOUR trading.

So, Lindsay, my dear friend, STICK TO WHAT YOU understand, to what YOU are developing, unless you find that The Dance becomes "clearer" to "see" for you. THEN USE IT TO CLARIFY what YOU "see" what "YOU" are doing so "YOU" can begin to see and become the trader you want to be.

I know that is a very, very long answer to your question, but in the end, it is the ONLY POSSIBLE answer if I want to be honest with you and help you to become profitable and to master YOUR skills and YOUR abilities.

YOUR will never be the same as mine are because we were created "equal" but VERY different in every conceivable aspect of who and what we are.

Stick to it my friend, do what YOU see as strong and clear to do. IF The Dance can help you, then I am honored in that. If you become the best trader humanity has ever known, then I am even more honored to have been a smal part.

God bless and good trading to you.
Clay