What an ugly day for trading today was

The Dance

Morning eclayf. Thanks for this, i'll give it a try next time! I'm hoping to throw a few charts up of the trades i've taken this week which maybe you can review but also to help the education on the thread. I'm also eager to demonstrate that there ...

The Dance

Cheers for that eclayf, another very thorough response, greatly and genuinely appreciated. Don't worry about that spread. It's 1.6, i've no idea why it come up in that format but it always misses the decimal point. GBP/JPYsay it's 50....yikes!! I'd ...

The Dance

Thank you endroute, it's very reassuring when you hear an experienced trader confirm your thoughts. It gives you more confidence to start trusting your own judgement if your analysis isn't totally in the confines of a system you're following.

The Dance

Hi all, I wanted to show a chart to point a couple of things out to help the educational flow here. It's EU from today. This is my first ever attempt at posting a chart up so be gentle! image I wanted to ask about the area marked 1. We have the 50 ...

The Dance

Thanks for that. The only trouble is, changing these setting takes the MA too far away from the touches. Also, in a very strong trend, pa retraces only a little, more off of the 5 ma than anything else and then shoots off up. We can identify when ...

The Dance

I've noticed the same thing but I don't think that he's advocating 5ema bounces particularly. Even the 10 ma bounces are difficult to see in real time but look great when viewing the past. If they fly back in quick time, it's quite hard to call ...

The Dance

Excellent response Eclayf and you've definitely cleared one or two things up for me. I actually understand exactly what you mean by "sputtering" or "stuttering", having spent so much time staring at screens! Thanks again and good trading!

The Dance

Hi Eclayf, Hope all is well. I realise that you're busy right now but I just wanted to try and clarify one point that's been bugging me a little. You may have answered this already so apologies if you're repeating yourself. When we are looking at 35 ...

The Dance

Not entirely but i've really improved in this area of late

The Dance

Hey, I seriously hope you're right. Shoot for the stars etc...

The Dance

The refreshing thing that has struck me about this thread so far is that it's aspirational. The harsh reality is that returns of 4% + a day will be made by only a few but they are made, there are countless examples of this being done every year by ...

The Dance

Thanks. I didn't take those trades, just wanted to discuss how they looked!

The Dance

See ya fella, thanks for your help again

The Dance

Thaks again. So just to be totally sure, you wouldn't increase it at all for a H1 touch, it's 12 top end regardless?

The Dance

Did anyone take the touch trade on cable off the H1 50 MA about 90 minutes ago? I was busy doing a run but it was absolutely textbook. What SL would you use for a trade like that eclayf? If it had been 15-20, you'd have had two great trades like ...

The Dance

EJ is ok, isn't it? We are in London/European session.

The Dance

Well said that man. I'm sure by sticking to the rules, I mean really dilligently, even a wet behind the ears newbie could overcome all the turmoil of starting out trading and be making pips right from the get go.

The Dance

Cheers fella. I bow to your knowledge of your system, I haven't taken proper touch trades yet so I can only go by what i've seen on the charts, not what i've experienced. As you've spelled out though, they're VERY counter-intuatitive! That EU trade ...

The Dance

Is there a partial contrainmnet forming on cable? Flat-ish MA's again though.

The Dance