Trading plan 05/12/2018
Economic news : No red news.
Daily
ROMAR - resistance
EMA - support
Parabolic - resistance
Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - botttom at 127.607
Fibonacci - green
Notes: Both arrow are pointing down. Parabolic flipped for down and purple crossed smooth but ema is still support. BB downer band and fibo 23.6 are supports at 127.500. Last DB attached at 127.607. Market is in ranging mode with DB attachment.
H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Checklist:
Last DB Attachment - bottom at 127.607
Fibonacci - green
Notes : 4horsemen is down. DB attached at the bottom with green fibo. Romar and 61.8 are resistances at 128.650.
H2
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - bottom at 127.607
Fibonacci - green
Notes: 4horsemen is down. DB attached at the botttom with both divergence. Next DB/SAR will be at the top. Fibo is up. Romar and 61.8 are resistances at 128.650.
H1
ROMAR - resistance
EMA - resistance
Parabolic - resistance (eliminated)
Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Notes: Purple crossed smooth and new candle opened over ema. Both arrows are pointing up.
FİNAL NOTES: Everthing is pointing down butwe are in ranging scenario on daily. Market created DB at the bottom with blue divergence on d1. As you can see that market moves between 129.286 and 127.607. Fibo is up on all chart. Romar is resistance on all chart but ema is still support on d1. On this scenario we should buy from bottom and sell from the top. Last DB attached at the bottom on h2 and h4 so next DB/SAR will be at the top. I could go long with new daily candle but i missed the entry so i will wait market hit supports on h2 chart.
Entry: Market hit fibo 23.6 support and i entered long
Self Evaluation: Tp hit. It was not good trade because i missed the best entry which was opening new daily candle at 127.809. However, i checked romar resistance which was at 128.650 and DB/SAR didn't attach at the top so i had pips to go long. Why i took a long? Because, market is in ranging mode on daily chart so i entered long from the bottom.
Economic news : No red news.
Daily
ROMAR - resistance
EMA - support
Parabolic - resistance
Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - botttom at 127.607
Fibonacci - green
Notes: Both arrow are pointing down. Parabolic flipped for down and purple crossed smooth but ema is still support. BB downer band and fibo 23.6 are supports at 127.500. Last DB attached at 127.607. Market is in ranging mode with DB attachment.
H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Checklist:
Last DB Attachment - bottom at 127.607
Fibonacci - green
Notes : 4horsemen is down. DB attached at the bottom with green fibo. Romar and 61.8 are resistances at 128.650.
H2
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - bottom at 127.607
Fibonacci - green
Notes: 4horsemen is down. DB attached at the botttom with both divergence. Next DB/SAR will be at the top. Fibo is up. Romar and 61.8 are resistances at 128.650.
H1
ROMAR - resistance
EMA - resistance
Parabolic - resistance (eliminated)
Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Notes: Purple crossed smooth and new candle opened over ema. Both arrows are pointing up.
FİNAL NOTES: Everthing is pointing down butwe are in ranging scenario on daily. Market created DB at the bottom with blue divergence on d1. As you can see that market moves between 129.286 and 127.607. Fibo is up on all chart. Romar is resistance on all chart but ema is still support on d1. On this scenario we should buy from bottom and sell from the top. Last DB attached at the bottom on h2 and h4 so next DB/SAR will be at the top. I could go long with new daily candle but i missed the entry so i will wait market hit supports on h2 chart.
Entry: Market hit fibo 23.6 support and i entered long
Self Evaluation: Tp hit. It was not good trade because i missed the best entry which was opening new daily candle at 127.809. However, i checked romar resistance which was at 128.650 and DB/SAR didn't attach at the top so i had pips to go long. Why i took a long? Because, market is in ranging mode on daily chart so i entered long from the bottom.