This last week we were in a very heavy ranging mode and the reason is because the Daily bars had finally reached its top on the uptrend. What is happening now with the Daily is setting up for a consolidation and/or a reversal. And the reasoning is because Friday's Daily bar had closed below Smooth. With the G20 meeting over this weekend will tell the story opening on Sunday. With this screenshot below you can see the ranging between high and low with the SAR and DB attaching together for the reversal on the ranging. My question is: How many have taken the time to study the SAR and DB? They are both significant in trading. They both revolutionize the cycles of all entries; either short or long. How many times have you watch the attachment of either the SAR or the DB or even both on the same bar and sit there to watch the trade run away from you? All this week the ranging highs and lows were during the session most of you trade. Not once this week have I seen a posting, nor a trade relating with the SAR/DB attachments. And that tells me a lot about the learning process of everyone. So look a at this chart below and see the entry for every day of this week with the SAR and DB together in the ranging mode. Each entry without risk and 40+. Instead of sitting at your monitor(s) and watch these trades run away from you; then why not take a risk of pulling the trigger and see what happens. Each high was resistance; each low was support. This means you will not lose a trade with 40 SL. In swings and trends the SAR is your best friend for entries. All you need to do is study the charts in how the SAR works; and you would be surprise just how easy the SAR will do all the work for you. All you need to do is keep track of where the last DB is attached and the last SAR is attached on your trading plan. Then you will know where the next attachment is going to be. If the DB and SAR is attached on top then you know the next attachment is on the bottom; and vice-versa. Here is the scenario for ranging: You have both the DB and SAR attached on the top. The next SAR will be on the bottom, The next DB will also be on the bottom. The SAR is short term and the DB is long term. This means the SAR will detached from the DB and make an attachment on the bottom. The market will continue south until the DB attaches for a reversal with the SAR for a lower low. Once they are both attached together then the market will turn and head back north. {image} Here is the scenario for trends: You have both the DB/SAR attached on the bottom and in trend. You have the SAR detached from the DB and attaches on a bar going up in the trend. Profit is taken and you wait for the SAR reattached on a down candle at the uptrend Parabolic for reentry into the trend. This scenario is a great way getting back into a trend with sliders knowing both the SAR and DB has too met together on the top. Vice-versa on a downtrend, Example of an uptrend. {image} Example of a downtrend. {image} Finishing the downtrend with the DB {image}[/quote]
Many thanks for your time Dove if I could just ask one question? You say that this last week was heavily ranging which we can see in retrospect.... but how do we know at the time its not going to take off on another leap north for example when 1h and 2h got in sync with the Daily uptrend, shown in your 3rd example short entry on May 9th....? at this point ( 124.52 high ) all three charts were lined up perfectly and I was looking for a long from support. Are you just basing your ranging scenario on the daily being near the top of the fibo even though daily purple had not yet crossed white? thanks again for helping us less experienced traders out : )
Many thanks for your time Dove if I could just ask one question? You say that this last week was heavily ranging which we can see in retrospect.... but how do we know at the time its not going to take off on another leap north for example when 1h and 2h got in sync with the Daily uptrend, shown in your 3rd example short entry on May 9th....? at this point ( 124.52 high ) all three charts were lined up perfectly and I was looking for a long from support. Are you just basing your ranging scenario on the daily being near the top of the fibo even though daily purple had not yet crossed white? thanks again for helping us less experienced traders out : )
