The Dance

nice work!!!!!!!!!

Thank you Endroute. Big compliment coming from you.

your too kind, but you are the one that has done all the hard work.

Hello Kostas,

really great job. I'm short before to lose my first demo account using these strategy only. Almost each trade ended stopped out. That shows how different the views at the market are. Seems I have a lot to learn. Read all over and over again. I'm a little bit disillusioned right now. But I will not give up.

Vita

Vita,
Persistence is a good quality. Keep doing it in demo until you get it. This strategy needs scalping qualities which is something that I was doing for 2-3 yrs but not successfully. Spend also time in simulator to understand how the MAs form and when is best to trade them (for example, right now almost 10:00 GMT, GU MAs are in spaghetti session, so I am just waiting patiently for the situation to clear).

Kostas.

Good post, great advice Kostas1. Patience and persistence are the absolute "master" qualities all traders must have to succeed.

The strategy wasn't setup to be a scalping strat, but is certainly CAN be used that way extremely effectively. I have considered using it that way personally for the market we are currently in.

Good advice... good post.. Thank you for your participation.

clay

Vita, first let me welcome you to the thread. I was in a bit of a rush this morning when I posted and didn't have time to respond to you more directly.

Disillusionment is something that everyone on this thread has faced at one time or another. Trading, to quote my friend Endroute, "is a very lonely profession" and because of that discouragement and disillusionment can be particularly harsh in trading. That is part of the purpose of this thread and of the live chat trading room Juneman setup.

We want you to succeed and we would ALL love to help you in anyway we can. So, with that all said, please, please feel free to contact anyone on this thread or to post any and all questions you have about the strategy and how to "see" the trades.

Also, please use the Simulator. I know that using it is a bit hard and it moves really fast, but you can slow it down a bit. Just don't slow it down too much. The faster you can deal with, the better your ability to "see" and take the RIGHT signals will become and the faster it will happen.

This is a journey, YOUR journey. YOU WILL GET there, you will. Everyone who sticks to anything persistently and continuously works at it, eventually succeeds! The ONLY ones who fail are the ones who give up.

I won't mention names, but I know traders on FF that are AVERAGING, with reasonably small accounts over $5000.00 per week in income. For most of them it took a few years to get to that level.

But think of it all this way. If it took you TEN years to "get there" with this strategy or any other, and THEN you started earning that level of income, IT WOULD BE WORTH IT at the end of it!

People attend colleges all around the entire WORLD for years and years, from 4 to 8 or more, racking up hundreds of thousands of dollars in DEBT so they can go earn a "six figure" income above $100,000.00 per year. If it took you TEN years to master this enough to make that $5,000.00 per week income, you would be at $250,000.00 PER YEAR WITH NO DEBT from the education part of your career.

YOU CANNOT beat trading for an income. KEEP YOUR EYES ON THE GOAL! Everyone who succeeds does that one thing extremely well. They keep their eyes on the GOAL, not the small but frequent defeats along the way.

We all wish you the best, we all want you to succeed and we will ALL answer your questions and help you the best we can for free on this thread.

God bless and good trading to you my Friend.
Clay

I have been practicing "The Dance" for more than a month either in Simulator or Demo. I know that I have greatly improved my trading style and habit by following "the rules" in this thread. Although the result is still ups and down, I know with a hard work and patience I would one day be successful.

I felt grateful that Clay was willing to teach step by step and not get bored answering all the questions. Thank you Clay !

cant finsd it, is it rude to ask what other do in a mounth with this system in procents gain ?


best regards

Don't know if it's rude or not, but wouldn't surprise me if not too many will respond. Kostas1 has already said the almost tripled his account in about a month, so that would be a couple hundred % increase.

Personally, when I follow the rules, I have gotten as much as a 70% gain in a week. When I don't, I get slapped pretty hard, but I trade at a much higher risk level than the strategy calls for. I am rethinking that, and trade management a bit, but I don't think it would be out of the norm for a person who was proficient in the strategy to gain 50% or more per month on a very consistent basis.

The problem with this type of question, which has been asked millions of times on almost every thread on FF is that it has no basis in reality for an individual trader. Your results WILL be different from anyone else trading any strategy.

Bagovino (http://www.forexfactory.com/showthread.php?t=7603), for example makes great returns with his, and I couldn't ever make it work for me. Effilang (http://www.forexfactory.com/showthread.php?t=46048) did really well with his 2550 method of trend following, and I did OK with it for a while as well, until the market went choppy on us. The list goes on and on and on.

What works for one, will not necessarily work for another. Everyone is a bit different and so is the way they "see" the market.

The main attempt with this strategy is to provide some CLEAR and easy to "see" trading signals so everyone can find at least ONE type of signal that works for them every signal time.

Some use the 10 EMA more than anything else. Personally I like constrainment and "touches" off the 35/50 lines.

The main issue will be for YOU to find (either in The Dance, or another strategy) something you can see "at a glance" and know it's an entry signal, then MASTER THAT ONE signal before moving on.

If you do that, becoming consistent is much easier and much more profitable.

Hope that helps jgadefelth

Welcome to the thread scratpips. Didn't mean to ignore your post. I'm just a bit tired right now and off my game. Glad the thread's helping.

eclayf,
I just went through your thread and must say, "well done!" Keep up the good work and best wishes to you. And I competely agree with your never give up attitude.

Welcome and glad you like it. I'm going to try to be a bit more active on the thread again in a couple of weeks, after things settle down for me here.

When I do, I think the short term focus may shift to trade management a bit, but not much. Entries and correct signals will continue to be the main issue for a while, but Kostas1's rapid success has gotten me thinking again about something.

God bless,
Clay

Thanks Eclayf i shall readu p and see if it is something for me and if i can understand it


best regards

Hello Eclayf and all you guys that make this post so good. I´m following and reading all the tread posts and have to say I fell in the good way for once in my trading. Anyone please can tell how to join the "live chat room" Eclayf mentioned ?, I believe this could also be a good tool for us.
Again thanks for this tread and god bless you all.

You can join chat room here:
http://fxinvestor.co.uk/

Welcome Bertoluso to the thread.

I love it when new people start "feeling" it and begin to grasp the concept of "it CAN be done" and "you WILL get there" for the first time. That to me is the best testament to what I am trying to do here.

To be honest, watching this "ad-hoc" community grow has been nothing short of amazing to me. Seeing people who are, or were just about ready to give up, start to have hope again, see the possibilities again, begin to be consistent (many for the very first time in their trading ever), well,,,, there just are no words for how good that is to me.

With that in mind, Juneman, great job on the Chat buddy. There is now a link at the top AND at the bottom of the first post to your chat room. So now telling everyone where to find a link should be pretty easy.

Great work guys, awesome community of good hearted traders willing to help each other!

God bless and good trading to you all.
Clay

Bary,

Thanks for posting the Chat Room...I registered today.

eclayf,

I just wanted to take a minute to say thank you for taking the time to put together such an extensive manual and all of the other items you've made available here. While I still have a long way to go in order to learn "The Dance", I have read the entire manual and went through the live trading examples pdf. I haven't had a chance to read through the entire thread quite yet, but will this week. Until then, I won't post any questions. Thanks again for taking the time to try and help traders who are new or frustrated!

Take care and Happy Trading!

Hi all

eclayf thanks for your time and efforts.

I am also learning to 'dance' the right way, always wanted to lead but....

Lots of reading to do but will come by if the old eyes allow me.

God bless and keep safe

John from Durban

Hi Clay,

Thats Great thank you i just want to say that i am not at home at the mo so i am not able to visit the chat room but i will be back on Thursday. I just want people to know that i have changed the site a little so people need to log in to the site now. I have had a few people post things that they shouldn't so you now need to make an account.That will help me to keep the chat spam free

Thanks again Clay and also to people who have used the chat