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The Dance Continues

  • #21
  • Dec 2, 2013 12:40pm Dec 2, 2013 12:40pm
Hey Hawk !
I wish you all the best with this thread !
....may the force be with you ..

By the way .. here´s one of my trades today in EJ .
Quick 13,6 pips .
Ej , M15 touch of the Ema 10 .( red arrows )
Goood luck and green pips ....
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Risiko birgt immer auch die Chance.
  • #22
  • Dec 2, 2013 1:00pm Dec 2, 2013 1:00pm
hi sesame

i am glad to see you trade the touches & bounces off ma's CONSISTENTLY & together we shall master this specific style.

nice trade & continue on the winning streak.

welcome home !!


Quoting Sesamstrasse
Hey Hawk ! I wish you all the best with this thread ! ....may the force be with you .. By the way .. here´s one of my trades today in EJ . Quick 13,6 pips . Ej , M15 touch of the Ema 10 .( red arrows ) Goood luck and green pips ....
  • #23
  • Dec 3, 2013 2:43pm Dec 3, 2013 2:43pm
hi renanc93

i am glad that you trade this method & the trade worked out for you.

kindly ensure that you do not post charts involving fractals, pivots or any additional ma's besides 10/35/50.


it is a violation of rule # 11 of the thread.




i strongly encourage everyone to stick with the original tools of the method.


regards
.Hawk.
  • #24
  • Edited 2:39am Dec 4, 2013 2:21am | Edited 2:39am
eurusd
sell 0.1 @ 1.35772
sl . tp 9
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  • #25
  • Dec 4, 2013 2:40am Dec 4, 2013 2:40am
- 9 pips
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  • #26
  • Dec 4, 2013 3:15am Dec 4, 2013 3:15am
Regarding your eur/usd trade above, could you shed some light on how to decide whether it's a steep angle (45 deg) for 10 EMA. I know there's the tool in mt4, but from my point of view, when the candle touched the 10 EMA it was starting to look a lot flatter due to the last 2-3 bars, and perhaps didn't fulfill the necessary criteria? I know it's easier said in hindsight, and I don't know if the most recent bars are making it look flatter than it was at the time of your trade....

Many thanks,
  • #27
  • Dec 4, 2013 4:01am Dec 4, 2013 4:01am
Quoting .Hawk.
eurusd sell 0.1 @ 1.35772 sl . tp 9 {image} {image}
Hi Hawk

Regarding this trade. Is the 35 supposed to be below the 50 or not before we look at the 10.

Kind regards.
  • #28
  • Dec 4, 2013 6:13am Dec 4, 2013 6:13am
Kindly refer to page # 29 of the ' The Dance Manual '.

create a shortcut for the tool like i did in the picture to illustrate with an example.
though i do not use that tool & visually spot the steepness of the ma.


when you draw the trendline by angle in an uptrend or upwards & you let the cursor hover above the trendline, it will display the angle like in picture 1. MA is approximately sloping upwards at a 41 degree angle.

once you draw a trendline by angle in a downtrend or downwards & you let the cursor hover above the trendline, it will display the angle like in picture 2, i.e 296 degrees. you need to deduct this degree from 360 to get the answer of steepness i.e 64 degree angle.

i like to visually spot the steepness & i initiate trades in between 40 - 60 degree angles usually which work fine. notice the 10 EMA did NOT become flatter for more than one candle at the time i entered trade & if you are referring to the 35 / 50 becoming flatter, they WILL become flatter if trade goes against you & there are long retrace candles .when i took the trade they were close & parallel to each other, i.e fine. as long as 35 & 50 are either on top of each other, near or running parallel near to each other, trend is in place.

Quoting Gareth22
how to decide whether it's a steep angle (45 deg) for 10 EMA. I know there's the tool in mt4, but from my point of view, when the candle touched the 10 EMA it was starting to look a lot flatter due to the last 2-3 bars, and perhaps didn't fulfill the necessary criteria? I know it's easier said in hindsight, and I don't know if the most recent bars are making it look flatter than it was at the time of your trade.... Many thanks,
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Attached Image
  • #29
  • Dec 4, 2013 6:21am Dec 4, 2013 6:21am
That's great, I understand it now a lot better.

Thanks a lot!
  • #30
  • Dec 4, 2013 6:34am Dec 4, 2013 6:34am
hi matlobien

it does not matter whether 35 is on top or below 50, what matters is they should be flirting with each other VERY closely, either running parallel to each other at a closed distance or exactly on top of each other &

PRICE , 10 EMA ARE TWO MAJOR FACTORS TO BE CONCERNED ABOUT.

if price is trading below the 3 averages + 10 ema is below 35 & 50 at a steep angle of approx 45 degress, you go short else vice versa.

read ' the dance ' manual, pg # 8 - 3.2

the manual is pretty neat !!

regards
.Hawk.


Quoting matlobien
{quote} Hi Hawk Regarding this trade. Is the 35 supposed to be below the 50 or not before we look at the 10. Kind regards.
  • #31
  • Dec 4, 2013 6:47am Dec 4, 2013 6:47am
though i do not encourage use of any other MA apart from ones being used in the same tf of 15 mins,
it is your personal choice that you made . . to use them.

as long as you do not post charts containing them or discuss them, it is fine.

at some point in time, you will realize ONLY 3 MA's of the same tf are capable to display consistent results & helps in keeping it simple. the trader is able to focus on price movements around the FEW MA's in a much better way.

we shall stick with the basics & keep them strong.

thank you for your cooperation.

Quoting renanc93
{quote} Hello Hawk, dotted lines are the H1 10 EMA, 35 SMA and 50 EMA.
  • #32
  • Dec 4, 2013 7:35am Dec 4, 2013 7:35am
Quoting .Hawk.
hi matlobien it does not matter whether 35 is on top or below 50, what matters is they should be flirting with each other VERY closely, either running parallel to each other at a closed distance or exactly on top of each other & PRICE , 10 EMA ARE TWO MAJOR FACTORS TO BE CONCERNED ABOUT. if price is trading below the 3 averages + 10 ema is below 35 & 50 at a steep angle of approx 45 degress, you go short else vice versa. read ' the dance ' manual, pg # 8 - 3.2 the manual is pretty neat !! regards .Hawk. {quote}

Thanks mate.

  • #33
  • Edited 10:47am Dec 4, 2013 9:21am | Edited 10:47am
Attachment Thanks for the advice, really appreciate it. Something I'm struggling with and was hoping you could help. If the candle retraces but doesn't touch the 10 EMA, is this still considered a strong signal even if it is just off a round number? I know it does mention trading off round numbers in the manual, but I wasn't sure...Really appreciate any help,

Gareth
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  • #34
  • Dec 4, 2013 12:35pm Dec 4, 2013 12:35pm
NO

round numbers are important in terms of . . . .

gareth, you need to go through the manual.

guys, going further, i expect everyone to R E A D the manual or i am locking this thread for two weeks.
we need to digest the manual first & start taking trades on demo before we come across other queries.

i received many pm's asking for clarifications regarding method, going further, i would not be answering often as i do not want this to become spoon feeding. no offence to anyone but i got to master this method as well & i am in the learning stage like you. NO ONE is currently assisting me, i am going by the manual myself ! ! !

let us atleast strengthen our basics by READING the manual & understanding concepts written in a layman language.

.Hawk.

Quoting Gareth22
If the candle retraces but doesn't touch the 10 EMA, is this still considered a strong signal even if it is just off a round number?
  • #35
  • Dec 4, 2013 9:17pm Dec 4, 2013 9:17pm
Way to go Hawk. I first read this method 3 years ago. The deeper I got into it, more crap got piled on and I lost focus, but have never given up on it. Am anxious to renew my studies and with your help I like my chances.

Darryl
  • #36
  • Dec 5, 2013 2:11am Dec 5, 2013 2:11am
welcome darryl, you're home !!

if you go through my previous posts, you'll realize, it is not the method . . it was YOU & it is still YOU.


let us stick with the original tools of the method & trade on only ONE PAIR during the period when markets are most likely to trend & execute setups according to the plan.


regards
.Hawk.

Quoting diamonddbw
Way to go Hawk. I first read this method 3 years ago. The deeper I got into it, more crap got piled on and I lost focus, but have never given up on it. Am anxious to renew my studies and with your help I like my chances. Darryl
  • #37
  • Dec 5, 2013 2:15am Dec 5, 2013 2:15am
eurusd
bought 0.1 @ 1.36205
sl 9 tp 13
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  • #38
  • Dec 5, 2013 2:18am Dec 5, 2013 2:18am
- 9
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  • #39
  • Dec 5, 2013 3:22am Dec 5, 2013 3:22am
____________________________________________________________________________________
note to self :

nothing wrong with the angle of the MA slope, 10 EMA was in between 45 - 60 range & 35 / 50 was at 26.5 degree.

i need to avoid initiating an entry on the london open or one candle prior to that, in case i do initiate an entry near that area, stoploss needs to be more strict, i.e < 9 pips. keep a stoploss of 5 pips next time.
____________________________________________________________________________________
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  • #40
  • Dec 5, 2013 3:32am Dec 5, 2013 3:32am
Did it not take the 3rd bar to actually touch the 10 EMA? Page 14 of manual...

"TWO BAR RULE for “Touch Trades” off the M15 10 EMA, is this. It is a “retrace”
trade and normally the EMA is at a “very steep” angle of about 30 to 45 degrees or more
AND takes no more than TWO large bars to “get there” (to “touch” the 10 MA)"

I could well be wrong...just my opinion
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