Daily plan(my first trading plan, comments critics are welcome)
Date: 2016.03.21
at 10.00 (GMT+2)-London opening
Daily:ROMAR - Resistance
EMA - Support
PSAR Support (eliminated as white crossed purpl)
Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow Red Arrow down.
Last DB Attachment - Both DB/SAR attached on top at 127.277 for continuance of the uptrend.
Fibo up or down - Fibo is up from the bottom.
Notes: The 4 horsemen are neutral with white crossing Purple and ROMAR as resistance with a spread of 196 pip and with EMA still support.
2 HR:
OPEN PRICE - 125.67
ROMAR Resistance, EMA crossed Romar
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down after MACD crossing down.
Last DB Attachment - Both DB/SAR attached at bottom at 125.256 for continuance of the downtrend.
Fibo up or down - Fibo is up from the bottom.
Notes: The 4 horsemen are downtrend with EMA , ROMAR and Parabolic holding as Resistance. The market is oversold at the 0% Fibo indicating a possible retrace.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down before the MACD crossing.
Last DB Attachment -
Fibo up or down - Fibo is up from the bottom 125.256.
Notes: The 4 horsemen are downtrend with EMA , ROMAR and Parabolic holding as Resistance.
Final Notes for all three charts: 2hr and 1hr charts 4 horsemen are downtrend.
The Daily ROMAR - Resistance and parabolic as a support is eliminated by White crossing Purpl. The Fibo is in an uptrend from the bottom.
Entry:
Consolidation:
Long:
Short: I will enter short on 2hr open after candel will retrace and will hit smooth or white.
Notes for readjustments: