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- tonybrou replied Feb 9, 2016
Looking to go short off EMA
- tonybrou replied Feb 9, 2016
As I mentioned in a previous post I dont think this current 2 hour candle was a good point to enter because of a news event that affected the price. If you have a look at the GBP/JPY you will see that the last 3 candles are almost exactly the same ...
- tonybrou replied Feb 9, 2016
For example I am waiting for the open of the next 2hour candle to see if there is a short off ROMAR which is acting as resistance. But you can also look at EMA for entry. If the candle opens below EMA would be acting as resistance
- tonybrou replied Feb 9, 2016
Always look for an area of support for long and resistance for short. if you have a look at your entry point on that candle it was right at the bottom with there was no area of resistance with a good chance of a retrace back to resistance rather ...
- tonybrou replied Feb 9, 2016
This would be considered as a bad trade as you didnt take the trade off an area of resistance
- tonybrou replied Feb 9, 2016
I'm now waiting for the open of the next 2 hour candle to see if we get a bounce off the romar resistance. its looks like a good place to take a short with both 2h and 1h showing resistance at that point
- tonybrou replied Feb 9, 2016
Not to take away from the successful trades but don't you feel like todays news has been the catalyst rather than the rules ? IE long than short immediately one of the trades would of been against the trend?
- tonybrou replied Feb 9, 2016
Im just posting what I see on the latest open candle can someone correct me if I am wrong in any area D1 ROMAR: Crossed purple and is now above purple signifying trend is down EMA: Under purple so is in swing uptrend but currently is resistance in ...
- tonybrou replied Feb 9, 2016
Yeah, I made over 40+ pips on the short off the EMA on d1 just then but in analysis it probably wasnt the best trade according to the rules as there was news that came out at the same time
- tonybrou replied Feb 9, 2016
Daily trading plan d1 Romar: Downtrend EMA: Acting as resistance White smooth: trend down H2 ROmar: Downtrend acting as resistance EMA: In support current candle trying to break through support White Smooth still in uptrend PSAR eliminated as we are ...
- tonybrou replied Feb 9, 2016
So currently we are in consolidation. Because on d1 we have EMA under purple? I also found this on page 2 The Daily ROMAR is the key when the market will turn direction. Once it crosses Purple the game is over and time to be looking at the opposite ...
- tonybrou replied Feb 9, 2016
Then if we need ROMAR and EMA to confirm trend on 3 charts? This is where im confused im sure Ive read in places that you need ROMAR and EMA to confirm trend then in other places just ROMAR. If we need ROMAR and EMA then we are not in a trend as the ...
- tonybrou replied Feb 9, 2016
So this comment by dove yesterday Very clearly - ROMAR had crossed EMA of yesterday's opening for the DOWNTREND. And "IF" you was creating a daily trading plan you would had seen the Daily chart Purple hit was entry with the opening below EMA ...
- tonybrou replied Feb 9, 2016
But in consolidation you can trade both ways.
- tonybrou replied Feb 9, 2016
Long on current open candle h1 4 horsemen are in line supoort candle open above EMA h2 Candle open above smooth so smooth crossing with purple will happen 4 horsemen in support smooth is support entry long off h1 EMA
- tonybrou replied Feb 9, 2016
So in simple terms So ROMAR same on all 3 charts we are in trend If EMA not in sync with ROMAR on all 3 charts we are still in trend If EMA is in sync with ROMAR in support it can also be resistance in the swings EMA can be in support on 1 chart in ...
- tonybrou replied Feb 9, 2016
Would I be right to say that we have a possible short coming on the next candle around PSAR resistance on the 1h?
- tonybrou replied Feb 8, 2016
Can someone please explain to me the following comment. On one hand EMA is support for not crossing purple and on the otherhand it is resistance? It says Purple,White, and Smooth is RESISTANCE. That it is what it says. It also says EMA is SUPPORT of ...
- tonybrou replied Feb 8, 2016
From my understanding we aren't at the end of the swing high yet. When white crosses purple on the h1 this will end the swing. Anyone else care to comment whether this is their interpretation.
- tonybrou replied Feb 7, 2016
I have read and reread all the information on DB and SAR but still having trouble understanding. I understand the basic premise of it that the DB is the longer swing trend and the SAR are the swings within that longer trend. At the DB high you get a ...