Some EU confluences today:
http://www.forexfactory.com/showthre...27#post5899527
http://www.forexfactory.com/showthre...27#post5899527
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Disliked1) Resetting the bar count in a retrace. I have searched the thread but I could only find some contradictory answers. So could anyone please summarize this issue briefly? Do you reset the bar count in a retrace from the most recent high/low (for ex. a retrace in the direction of a 10EMA) after a candle in a different direction (than the ones we are counting) or not? I hope I am being clear enough ;-) )
2) If there are more than two candles in a retrace (no matter how we reset the bar count), however after a few more bars the...Ignored
DislikedHi since no one is answering your questions I will. This is just the way I do it. Of course there is a bit more to what I will explain.
1) I count when there are bars with small wicks heading to the MA. I ignore the little bars, my logic is, market can be random so unless it is obviously moving to the MA I won't count it.
2) Usually I ignore setups with more than 2 bars, but if it is the 1st touch of the MA with good M5 rejection I will usually take it despite having more than 2 bars.
3) I can't answer that unless you read Kostas1 posts...Ignored
DislikedHi Bin, When you say "ignore the little bars", does it means you will count this one as 2 bar to MA? i.e. ignore the first small red bar with a long upper wick?
Also, in this trade, I made my decision based on M5 PA, I thought I'd loose the 2-bar rule.(But in your methodology it would be counted as 2-bar)Ignored
DislikedHi all,
I thought it would be appropriate to share
the tools I programmed to trade the dance:
1. TouchMAAlerter (Alerts when MAs are touched). I use
this in live trading (Popup alerts) and on my VPS to send me
SMS when MAs on major timeframes (weekly, monthly, daily) are touched.
It can alert in three ways: Popup, E-Mail and executable (which i use to send SMS).
2. TouchMA EA. Since there are no limit orders on MAs, I wrote a simple
Expert that would open a position on the touch of a selected MA.
This EA needs...Ignored
scripts:
experts:
PLEASE TEST ON DEMO FIRST, if those scripts blow your account or close
your loved long-term positions or kill the house cat, I'll take no responsibility,
use them at your own danger only! (so do I).
Suggestions and comments are appreciated,
Kind regards,
Hans
DislikedHi,
here is the latest version of my Dance trading tools hosted:
https://github.com/bscholes/DanceTools
Here is the zip-file:
https://github.com/bscholes/DanceTools/zipball/master
Explanation:
indicators (exept std Dance):
- Contains THVs TzPivots. I use daily weeky and monthly Pivots + Midpoints.
Price reacts very nicely around them and I rarlely need to insert manual S/R lines.- BarAlert.mq4: pops up an alert on COB (for those who try to trade while working)
scripts:[list][*] Contains modified...Ignored
DislikedHi,
here is the latest version of my Dance trading tools hosted:
https://github.com/bscholes/DanceTools
Here is the zip-file:
https://github.com/bscholes/DanceTools/zipball/master
Explanation:
indicators (exept std Dance):
- Contains THVs TzPivots. I use daily weeky and monthly Pivots + Midpoints.
Price reacts very nicely around them and I rarlely need to insert manual S/R lines.- BarAlert.mq4: pops up an alert on COB (for those who try to trade while working)
scripts:[list][*]...Ignored
DislikedI was away for some time but took my first trade on the GU based on the M5 12EMA with M1 P/A confirmation, entered on the close of M1 Doji at 14:02 (GMT+3) got out with my +10 pips. Trade was a bit risky because jus ahead there was a RN, so had to watch M1 closely.Ignored
DislikedYep I have seen Kostas taking those kind of trades. I don't know how to take those pure M5 touch trades. For me sometimes it works sometimes it doesn't. Or maybe it is relatively consistent it is just that I am reluctant to trade it due to losses with those trades in the past.
How do you guys decide whether to take pure M5 12 trades???Ignored
DislikedHi, this is my first post in FF and I want to
use it to thank you kostas1 and eclayf for your
generosity and incredible amount of time
you invest teaching the dance.
P.S.: I hope this can get through to eclayf somehow,
since I can't PM him and thank him personally.Ignored