Simmo, I didn't say that you had said it touched the 10ema. I was merely pointing out that it was not a Dance trade because it did not touch the 10ema and if it had, it still would not have been a dance trade because it was in 4 bars. I had already ...

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Just to be sure.

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I know Sopel beleives this was constrainment, but I do not see where. It's not the 10ema, and if it was, constrainment on the 10ema needs to be very carefully done. Constrainments are most often found before frankfurt open and they are best found ...

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I have a 5 digit broker that switches between 4 digits for some pairs and 5 for most of the others. My 4 digits are set to 25 and my 5 digits are set to 250. I do not know why this is, but it gets me 50 pip lines. Lee

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Simmo, Have to disagree here. It was A trade, but not a DANCE trade. 4 bar retrace and it didn't even get close to the 10ema. If someone is learning the rules by the book, this doesn't get close. Also.... Clay was very specific about entries on ...

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Hey Fugly, You hit the nail on the head here..... .DEFINATELY not a 'Dance' trade. The price did not hit the 10ema and even if it had, it was 4 bars. That said, this was a PA trade around the PIVOT R1 (also not in the rules). The 4th bar failed to ...

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Thanks Pippi. Lee

Trade what you see NOT what you expect

Hova, When I was looking at the trade forming I could see the pin on the other timeframes..... without looking at them. I watched a Video by Steve Nison which is all about Candlesticks..... supposedly he is the candle guru having dedicated a huge ...

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I'll add my welcome to that of Kostas. Luckylady knows what she is talking about!!!

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If you look at the PA, you will see that the price before the drop failed to close higher than the previous pin. This is tough to spot as it can be case on many steady trends, BUT that was a very large pin, which meant that there was some pretty ...

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SL was to tight and got stopped out by 1 pip and missed the remained of the move. I am waiting to see if the EJ moves down to the area I pointed out this morning.

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A good/big 'touch' trades on the higher timeframes are normaly going to be against the 15minute trend, simply because after a decent move, the 15minute trend and it's MA's, have moved a fair way and the higher timeframes get left behind. The ...

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EJ 111.00 — Keep an eye out at the RN 111.00 on the EJ. There is LOTS of high timeframe confluence there. Daily - 10/35 4hr - 200/35/50 Lee

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Yup..... I missed it, despite reading it twice! Appologies for that....... still, it ensured a good debate after

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Hi Pippi, May I ask what sort of a stop you have when you enter these 4 hour PA trades and 50/200 bounces? AND... are the SL's the same if you are trading whilst sleeping or trading when at the machine. Thanks Regards Lee

Trade what you see NOT what you expect

Yup, Though my concerns would be the 10 pip gap between the MA's. From my perspective, the reason this is okay is becuase it gives a clear area in which you place your SL, ie 5 or so pips behind the further MA. However, if you take the trade ...

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Confluence is a very powerful tool with this strategy. A month or so ago, my minimum entry requirement was 3 areas of confluence...... it didn't "really" matter what those were, I just wanted three. The exception to this was that I wouldn't really ...

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I have also just noticed the pin bar before your entry. All those things say that there is upward pressure. It's any interesting point you make about the risk vs reward, as its something that came up with Clay a while back. In the original thread, ...

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What did you get? See all those long lower wicks.......... that tells you something about the price. There was still a downward pressure, but a lot of rejection. These things can sometimes run for you, but they are also a signal to tell you to be ...

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