We had a change in the interest rate in the EUR. This is really heavy news. I think I would not trade today.

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Thanks you Dove, that is encouraging.

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Do you think that it is right to wait for the ROMAR crossing EMA before entering the market long or do you think that this is too cautious?

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I edited my post and added the daily notes and put the projected entry at the end.

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My trading plan for today. Comments are welcome. Daily: Romar: Resistance EMA: Support Parabolic: Support Note: The daily is in an uptrend for the current swing. ROMAR trend still down. EMA/purple crossed, parabolic flipped. No resistance in ...

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strange not showing here Edit: Found my mistake. Had to activate JPY in the filters.

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Hmm I checked but in the Forexfactory news calender url is no news scheduled. What source of information do you use for your news ?

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I entered long near the EMA at 1 hour after I saw the parabolic flip and crossing of EMA/Purple on H2. SL is almost hit now. image

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I overlooked the FOMC news because it was yellow and not red. Was my trade correct according to the rules of the system ?

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Took a short entry at H2 EMA. Any comments are welcome. Daily: Romar: Resistance EMA: Resistance Parabolic: Resistance (invalidated) H2: Romar: Support EMA: Resistance Parabolic: Resistance H1: Romar: Support EMA Resistance Parabolic: Resistance ...

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ok thanks. I thought that the daily can be traded standalone.

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Sorry for the language. The point is that I dont understand that in one case we can enter before the EMA has crossed purple (your example post 2951) and in the other case (the current daily) we can't. In both cases we had a Fibo flip and an open ...

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Thank you for the quick answer. What I dont understand is that your entered in your example in post 2951 before the EMA crossed Purple. What is different in this case ?

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Dana, on the daily chart we had a fibo flip. The purple is now at white. When the next candle opens above smooth would this be a correct position trade on the daily ? Thanks xpie

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How do you decide what to choose as a trigger ? For example why did you choose smooth and not EMA as your trigger for today ?

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Thanks I will try get a better understanding of the trading plan.

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Just to make this clear as I think it is important: with the moment you mean the 2 hour candle that touches the ema first. When the price stays there for several bars the following crosses of smooth white etc dont matter anymore. Do I get that right ...

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Thanks that makes it clear

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Is that a general rule, that white has to cross smooth for a trade to be taken?

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I went short at that position (touch of EMA). Dove pointed out in his daily trading plan that the EMA is still strong resistance in the down trend and the parabolic is too far to flip. The daily analysis from dove is really helpfull to learn the ...

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