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Learning to Dance

  • #141
  • Feb 5, 2013 3:35am Feb 5, 2013 3:35am
Thanks for the comment Xhale12. I took 20 pips out of this big move up. I gotta let winners run on nicely trending pair like EJ.
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Trading can't be taught but it can be learned
  • #142
  • Feb 5, 2013 4:36am Feb 5, 2013 4:36am
+19

Probably gonna call it a day on this one. I'm not sure why the arrow is detached from the candle so attached the order for confirmation.....

Good luck to you all
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What is any ocean but a multitude of drops?
  • #143
  • Feb 5, 2013 4:38am Feb 5, 2013 4:38am
Quoting Pipsninja
Thanks for the comment Xhale12. I took 20 pips out of this big move up. I gotta let winners run on nicely trending pair like EJ.
You and me both.

I closed way too early on my first EJ trade. Regardless, if your stop was small, i'd say it was a good trade.
What is any ocean but a multitude of drops?
  • #144
  • Feb 5, 2013 4:41am Feb 5, 2013 4:41am
Easy for 50 pips!
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  • #145
  • Feb 5, 2013 5:00am Feb 5, 2013 5:00am
Something to be mindful of. May see a pullback from this area. How deep? Who knows...... Then again we have blasted through the last few supply areas with barely any resistance. Regardless, watch PA around here.
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What is any ocean but a multitude of drops?
  • #146
  • Feb 5, 2013 5:27am Feb 5, 2013 5:27am
Quoting Xhale12
Got good entries on EJ and EU..... Wish I could say the same for my exits

+43, +25
God! You don't even need MAs on your chart now.... I have no idea how have you made your entry (I can see there is a pinbar, but you did not even wait for the close of bar). Mind explaining a bit?
  • #147
  • Feb 5, 2013 6:04am Feb 5, 2013 6:04am
Quoting kk007
God! You don't even need MAs on your chart now.... I have no idea how have you made your entry (I can see there is a pinbar, but you did not even wait for the close of bar). Mind explaining a bit?
Not using ma's anymore really.....

I got just before the close. Think about when the pin bar took place.
What is any ocean but a multitude of drops?
  • #148
  • Feb 5, 2013 6:10am Feb 5, 2013 6:10am
Quoting Xhale12
Not using ma's anymore really.....

I got just before the close. Think about when the pin bar took place.
When? Just before London open.. so what does this suggest?
I think your trading skill have elevated to a level uncomprehenable by me. And in such a short time!
No indi, No MAs, No TL, No S/R.....
  • #149
  • Feb 5, 2013 6:12am Feb 5, 2013 6:12am
Quoting kk007
When? Just before London open.. so what does this suggest?
I think your trading skill have elevated to a level uncomprehenable by me. And in such a short time!
No indi, No MAs, No TL, No S/R.....
I do use indi's and I do use support and resistance.
What is any ocean but a multitude of drops?
  • #150
  • Feb 5, 2013 6:59am Feb 5, 2013 6:59am
Quoting kk007
When? Just before London open.. so what does this suggest?
I think your trading skill have elevated to a level uncomprehenable by me. And in such a short time!
No indi, No MAs, No TL, No S/R.....
Open two charts.

Find trades that meet the dance requirements. Bounces off ma's, etc.....

On the other chart, leave it blank. You'll see the the bounces and setups off MA's, in reality are just happening at support/resistance areas. No need for MA's to further clutter the chart and prevent you from taking entries that are often much much better.
What is any ocean but a multitude of drops?
  • #151
  • Feb 5, 2013 7:04am Feb 5, 2013 7:04am
Quoting Xhale12
You'll see the the bounces and setups off MA's, in reality are just happening at support/resistance areas.
Good observation but not true. There are confluences from MA's and Pivots that have no relation to traditional S/R areas. BUT if you can find confluences that also coincide with S/R then you have a stronger signal. Don't forget what Clay used to say and I repeated in CHOROS: "Always look to the left of the chart".....
  • #152
  • Feb 5, 2013 7:07am Feb 5, 2013 7:07am
Quoting Xhale12
Open two charts.

Find trades that meet the dance requirements. Bounces off ma's, etc.....

On the other chart, leave it blank. You'll see the the bounces and setups off MA's, in reality are just happening at support/resistance areas. No need for MA's to further clutter the chart and prevent you from taking entries that are often much much better.
Ok, thanks a lot, if you can posting chart with S/R marked next time, it would be great.
  • #153
  • Feb 5, 2013 7:08am Feb 5, 2013 7:08am
Quoting kostas1
Good observation but not true. There are confluences from MA's and Pivots that have no relation to traditional S/R areas. BUT if you can find confluences that also coincide with S/R then you have a stronger signal. Don't forget what Clay used to say and I repeated in CHOROS: "Always look to the left of the chart".....
Hi kostas1, I have been waiting for you to appear here...
  • #154
  • Feb 5, 2013 7:11am Feb 5, 2013 7:11am
Quoting kk007
Hi kostas1, I have been waiting for you to appear here...
xhale asked me to visit, so I look at this thread from time to time.
  • #155
  • Feb 5, 2013 7:15am Feb 5, 2013 7:15am
Quoting kostas1
Good observation but not true. There are confluences from MA's and Pivots that have no relation to traditional S/R areas. BUT if you can find confluences that also coincide with S/R then you have a stronger signal. Don't forget what Clay used to say and I repeated in CHOROS: "Always look to the left of the chart".....
I disagree. It would be better if I said supply/demand zones rather than traditional S/R, although both apply. When you scroll through all the time frames, you'll find this is always the case. I've done plenty of backtesting.

I love the dance method and would recommend it to everyone (especially your thread)... but my entries are much earlier when trading without MA's.
What is any ocean but a multitude of drops?
  • #156
  • Feb 5, 2013 7:20am Feb 5, 2013 7:20am
Quoting Xhale12
I love the dance method and would recommend it to everyone (especially your thread)... but my entries are much earlier when trading without MA's.
I am not here to argue. It is great that you have found "your way" and was a good idea to open your own thread and develop your approach in here.
  • #157
  • Feb 5, 2013 7:22am Feb 5, 2013 7:22am
Quoting kostas1
I am not here to argue. It is great that you have found "your way" and was a good idea to open your own thread and develop your approach in here.


I studied your charts like a madman. They helped me a great deal so thank you.
What is any ocean but a multitude of drops?
  • #158
  • Feb 5, 2013 7:22am Feb 5, 2013 7:22am
Quoting Xhale12
I disagree. It would be better if I said supply/demand zones rather than traditional S/R, although both apply. When you scroll through all the time frames, you'll find this is always the case. I've done plenty of backtesting.

I love the dance method and would recommend it to everyone (especially your thread)... but my entries are much earlier when trading without MA's.
I have tried to trade S/R, but one big problem is that I don't see price hit a clear and well-defined S/R every day. I would be interested in how you mark your S/R, so that you have sufficient setup to trade.
  • #159
  • Feb 5, 2013 7:27am Feb 5, 2013 7:27am
Quoting kk007
I have tried to trade S/R, but one big problem is that I don't see price hit a clear and well-defined S/R every day. I would be interested in how you mark your S/R, so that you have sufficient setup to trade.
If S/R was always clear and well-defined, everyone on FF would be making millions.

Post a chart and mark areas you see. That will be easier to address.
What is any ocean but a multitude of drops?
  • #160
  • Feb 5, 2013 7:49am Feb 5, 2013 7:49am
Quoting Xhale12
If S/R was always clear and well-defined, everyone on FF would be making millions.

Post a chart and mark areas you see. That will be easier to address.
Thanks, I will post chart.
I will also have to learn how to use unobvious but workable S/R from you.
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