I received the following private message but I wanted to answer this in public. So M..... excuse my copying your message here:
"
Hi, Kostas!
I want to ask you one question, if you don't mind.
1. When did you realize, that you're constantly successful? I've just read beginning of old dance thread and as I see you became successful from day one of using dance strategy or at least some of dance rules, am I right?
2. So I'm asking myself a question, was this because of previous forex experience and learning or it was just something in dance, that suits you perfectly?
3. For example, if you started using only dance from day 1 of you forex trading/learning, do you think you would be successful?
Thanks in advance. "
1. I am NOT constantly successful! It is true that most days I end up positive, some days break-even and very few days negative. My trades are now at around 71% winning ratio. So NOT every trade is a winner. The loosers I cut quickly and my best winners are the ones that I take profit quickly at 15-20p. What I do lately is take most of my profit there and leave a small portion of my trade to go further (most times the small portion will be stopped out). It is true that almost from the first day I used the Dance, I found it to "click" with my trading philosophy which is why I got these results (so far).
2. As I said, the method suited me perfectly but my previous 2.5yrs trading experience in trading was absolutely necessary.
3. I don't think so. You need to learn and understand some basics about trading first (S/R, Pivots, Round #, price action bars, etc. need to be understood first). The Dance gives you an advantage while you maneuver between these important points that price reacts to.
Glad to answer these. Don't get discouraged as you learn. My most important success so far was that I didn't give up when I was almost ready to quit.
Kostas
"
Hi, Kostas!
I want to ask you one question, if you don't mind.
1. When did you realize, that you're constantly successful? I've just read beginning of old dance thread and as I see you became successful from day one of using dance strategy or at least some of dance rules, am I right?
2. So I'm asking myself a question, was this because of previous forex experience and learning or it was just something in dance, that suits you perfectly?
3. For example, if you started using only dance from day 1 of you forex trading/learning, do you think you would be successful?
Thanks in advance. "
1. I am NOT constantly successful! It is true that most days I end up positive, some days break-even and very few days negative. My trades are now at around 71% winning ratio. So NOT every trade is a winner. The loosers I cut quickly and my best winners are the ones that I take profit quickly at 15-20p. What I do lately is take most of my profit there and leave a small portion of my trade to go further (most times the small portion will be stopped out). It is true that almost from the first day I used the Dance, I found it to "click" with my trading philosophy which is why I got these results (so far).
2. As I said, the method suited me perfectly but my previous 2.5yrs trading experience in trading was absolutely necessary.
3. I don't think so. You need to learn and understand some basics about trading first (S/R, Pivots, Round #, price action bars, etc. need to be understood first). The Dance gives you an advantage while you maneuver between these important points that price reacts to.
Glad to answer these. Don't get discouraged as you learn. My most important success so far was that I didn't give up when I was almost ready to quit.
Kostas