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  • #721
  • Aug 4, 2011 10:52pm Aug 4, 2011 10:52pm
Quoting Binyamin
EURJPY constrainment off 15M 5EMA to the long side, good to enter if this bar close as an exhaustion bar....

Update: Stop out for -12pips
just a reminder, that constrainmets in anything less than the M15 35/50 is rather unstable. i would very rarely call a constrainment in M15 10, let alone the 5.
these MAs are good for touches when a trend is in place and momentum is strong.
anyway, looks like a slow friday today in anticipation of NFP.
  • #722
  • Aug 5, 2011 12:31am Aug 5, 2011 12:31am
Can't recommend anything
  • #723
  • Aug 5, 2011 12:35am Aug 5, 2011 12:35am
Quoting kk007
Can't recommend anything
Then wait my friend and keep in mind that it is Friday...
You are allowed to fall but you are imposed to get up!
  • #724
  • Edited 2:15am Aug 5, 2011 1:53am | Edited 2:15am
Quoting asos101
just a reminder, that constrainmets in anything less than the M15 35/50 is rather unstable. i would very rarely call a constrainment in M15 10, let alone the 5.
these MAs are good for touches when a trend is in place and momentum is strong.
anyway, looks like a slow friday today in anticipation of NFP.
Thanks, I will take good note of that.
Riding the order flow
  • #725
  • Aug 5, 2011 3:25am Aug 5, 2011 3:25am
USDJPY M15.E10 Constrainment???


Cheers iero4
Quoting iero4
Then wait my friend and keep in mind that it is Friday...
  • #726
  • Aug 5, 2011 4:24am Aug 5, 2011 4:24am
Quoting kk007
USDJPY M15.E10 Constrainment???


Cheers iero4
Was immediately +10pip, but finally BE,, blocked by WPP
  • #727
  • Aug 8, 2011 12:38am Aug 8, 2011 12:38am
hi guys does this Indicates a reversal according to dance...correct me if im wrong guys
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  • #728
  • Aug 8, 2011 1:00am Aug 8, 2011 1:00am
Quoting georgecv87
hi guys does this Indicates a reversal according to dance...correct me if im wrong guys
Isn't that a 15M 10EMA touch trade occurring??
Riding the order flow
  • #729
  • Aug 8, 2011 1:21am Aug 8, 2011 1:21am
So it was a indeed a reversal....need to learn more to read the chart my friend
im a baby just learning to walk...need to learn lot from you guys...

i remember studyin peaks and troughs from the thread and it was a failed breakout..another confiramtion. it worked out..need to learn lot from you guys..im all ears always


Quoting Binyamin
Isn't that a 15M 10EMA touch trade occurring??
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  • #730
  • Aug 8, 2011 1:54am Aug 8, 2011 1:54am
Quoting georgecv87
hi guys does this Indicates a reversal according to dance...correct me if im wrong guys
This was an Inside bar breakout reversal, according to one usage of inside bar, but it is always difficult to say how far the reversal may go. It is one typical way how people use PA, rather than anything specific to dance IMHO.

I have shorted at 1.4400 the second time price touched this RN on M5 chart, and since my daily target achieved after adding +16 pip with this trade and my mind not very focused, I didn't take anything further today.
  • #731
  • Aug 8, 2011 3:00am Aug 8, 2011 3:00am
i know what you mean my friend...you are right the candle dint go that far..it was a bit of a risky trade.....notes taken...thanks for your advice


Quoting kk007
This was an Inside bar breakout reversal, according to one usage of inside bar, but it is always difficult to say how far the reversal may go. It is one typical way how people use PA, rather than anything specific to dance IMHO.

I have shorted at 1.4400 the second time price touched this RN on M5 chart, and since my daily target achieved after adding +16 pip with this trade and my mind not very focused, I didn't take anything further today.
  • #732
  • Aug 8, 2011 3:11am Aug 8, 2011 3:11am
if you only follow what the big boys are doing with Dance... you will be on your way to riches.took this below the strong support line
took this one for 24 pips .....im so happy that i ended up in this thread.hooray..
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  • #733
  • Aug 8, 2011 3:30am Aug 8, 2011 3:30am
Quoting georgecv87
if you only follow what the big boys are doing with Dance... you will be on your way to riches.took this below the strong support line
took this one for 24 pips .....im so happy that i ended up in this thread.hooray..
What type of dance trade is that. A touch? A contrainment?
Riding the order flow
  • #734
  • Aug 8, 2011 3:37am Aug 8, 2011 3:37am
Quoting Binyamin
What type of dance trade is that. A touch? A contrainment?
Free style... I guess .
  • #735
  • Aug 8, 2011 8:13am Aug 8, 2011 8:13am
Quoting georgecv87
if you only follow what the big boys are doing with Dance... you will be on your way to riches.took this below the strong support line
took this one for 24 pips .....im so happy that i ended up in this thread.hooray..
I really can' understand your entering criteria according to rules, but other than that nice pips mate! congrats...
Now keep your mindset in balance and keep learning and practicing by the rules setups... don't get overconfident on a winning streak and you'll be ok...

Quoting kk007
Free style... I guess .
I guess so too... how's it going for you guys? feels a lil' empty without kostas but you two keep this going... too bad I'm sleeping while you trade. I may have to change my sleeping habits... lol
Flp. 4:13
  • #736
  • Aug 8, 2011 8:24am Aug 8, 2011 8:24am
Hi guys,

Well I'm also sleeping while Binyamin and kk007 are trading. But at least I'm awake during NY/LONDON overlap.

I have my eyes on EURUSD right now.

Possible retrace to M15 35/50 in confluence with MP, WP RN, also near to H1 10,35,50.

That area of interest is a little bit big, so big stops would be used in this case. And London will close in 35 min, so is not the best time to trade right now.
  • #737
  • Aug 8, 2011 8:52am Aug 8, 2011 8:52am
Possible touch of 35/50 m15

Pros:
Confluence of 35/50
Daily S1
Monthly Pivot
RN
Near 35/50 H1 touch

Cons:
Possible 10ema scoop up


EDIT: Sorry for that Haydel, you were way ahead of me in this call... I was looking at m15 10ema touch on GU... let's see how this EU goes

Any comments?
Attached Image (click to enlarge)
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Flp. 4:13
  • #738
  • Aug 8, 2011 9:03am Aug 8, 2011 9:03am
Quoting Anthar
Possible touch of 35/50 m15

Pros:
Confluence of 35/50
Daily S1
Monthly Pivot
RN
Near 35/50 H1 touch

Cons:
Possible 10ema scoop up


EDIT: Sorry for that Haydel, you were way ahead of me in this call... I was looking at m15 10ema touch on GU... let's see how this EU goes

Any comments?


I just SHORTED..

Another Con colud be that itīs going to be slow now that LONDON is closed...

EDIT: Is +12p already, Targeting for +20p.
  • #739
  • Aug 8, 2011 9:09am Aug 8, 2011 9:09am
Quoting Haydel


I just SHORTED..

Another Con colud be that itīs going to be slow now that LONDON is closed...

EDIT: Is +12p already, Targeting for +20p.
Way to go mate!

It reacted almost to the pip on that RN, if you took it right at the touch as per the rules, you just pocketed 20 pips...

let's see if it closes below 10 ema tho'... I might not enter anymore
Attached Image (click to enlarge)
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Flp. 4:13
  • #740
  • Aug 8, 2011 9:49am Aug 8, 2011 9:49am
I think last week or two weeks ago somebody asked about when to start counting 1st, 2nd, 3rd, etc touches of 10 ema...

I tend to consider this as a 1st touch of this new TOM downtrend... they're usually good for +12 pips as a quick scalp...

right now this bar has closed showing indecision in the market, but the short was already there in the first touch of RN... let's see how the next bars develop
Attached Image (click to enlarge)
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Flp. 4:13
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