Rules for consolidation:
a: The 2 hour is your trading/trend chart. - Purple x white
b: Use the Daily Chart S/R as reference for consolidation. - SAR at bottom
c: You can trade either short or long in consolidation. - Long
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation. -Trade from bottom with Daily SAR, 4h DB, 2h DB, 1h purple x smooth
e: Both upper and lower bands are resistance and support in consolidation. - 2h hit lower band waiting on EMA hit
Long at 0400 bar
yellow news at 12am, Red news at 6:30am my time
This long would take me close to the Daily EMA where I would look for my next trade
I would like to note the risk factor for this trade (as far as i can see it at this point)
There is a risk for ever trade and as Dove says the Paradox if read and followed correctly can eliminate risk.
Is the risk too high for this trade?
Daily- Consolidating, Macd Down, EMA arrow down,
4H- 4 horsemen full down, Room to the 100 fib 33 pips
2H- EMA x ROMAR, Bottom BB open, MACd down
1H- EMA slider, purple hasn't crossed EMA yet
a: The 2 hour is your trading/trend chart. - Purple x white
b: Use the Daily Chart S/R as reference for consolidation. - SAR at bottom
c: You can trade either short or long in consolidation. - Long
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation. -Trade from bottom with Daily SAR, 4h DB, 2h DB, 1h purple x smooth
e: Both upper and lower bands are resistance and support in consolidation. - 2h hit lower band waiting on EMA hit
Long at 0400 bar
yellow news at 12am, Red news at 6:30am my time
This long would take me close to the Daily EMA where I would look for my next trade
I would like to note the risk factor for this trade (as far as i can see it at this point)
There is a risk for ever trade and as Dove says the Paradox if read and followed correctly can eliminate risk.
Is the risk too high for this trade?
Daily- Consolidating, Macd Down, EMA arrow down,
4H- 4 horsemen full down, Room to the 100 fib 33 pips
2H- EMA x ROMAR, Bottom BB open, MACd down
1H- EMA slider, purple hasn't crossed EMA yet