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  • #10,881
  • Aug 8, 2017 2:44pm Aug 8, 2017 2:44pm
Quoting Andiroo
{quote} Thanks Dana, appreciate your time on this. My interpretation was the DB/SAR connections were combined at the bottom, with only SAR on top 'awaiting the DB' to then go higher - obviously my interpretation is somewhat wrong, so I will need to research this is greater depth. I did recognise the RED EMA and MACD Zero arrows on my H2 plan, however I was incorrectly biased with a view that we were a higher DB and that clouded everything for me. Being biased clouded my focus to the wrong area - lessons learned I hope. Cheers, Andy
Yes - you did have it on the H2 but you did not show it on the H1 also - confluence at the time of pulling the trigger.
The Dove - Forex Trainer
  • #10,882
  • Aug 8, 2017 4:08pm Aug 8, 2017 4:08pm
Quoting dove_alliance
{quote} Yes - you did have it on the H2 but you did not show it on the H1 also - confluence at the time of pulling the trigger.
Understood, thank you sir. More studying for me...

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,883
  • Aug 8, 2017 7:39pm Aug 8, 2017 7:39pm
Hey Dove I was a bit confused by this scenario as well, I understand that the SAR was attached on the top but had the same outlook as Andy that the DB would take over because at the time H2 ROMAR kept holding support and the H2 EMA green arrow showed, H2 Parabolic flipped up for the support, H4 Parabolic had flipped up for support, and all charts had EMA above ROMAR for the uptrend still intact.

I myself would not have been looking for shorts at the time because of those reasons or until the Parabolic had flipped back down which it had all done after the fact. Could you elaborate more on this scenario or the rules for it so we may recognize it better in the future and avoid making the same mistake? Thank you
  • #10,884
  • Aug 8, 2017 7:53pm Aug 8, 2017 7:53pm
Quoting Paradox7
Hey Dove I was a bit confused by this scenario as well, I understand that the SAR was attached on the top but had the same outlook as Andy that the DB would take over because at the time H2 ROMAR kept holding support and the H2 EMA green arrow showed, H2 Parabolic flipped up for the support, H4 Parabolic had flipped up for support, and all charts had EMA above ROMAR for the uptrend still intact. I myself would not have been looking for shorts at the time because of those reasons or until the Parabolic had flipped back down which it had all done...
As I had stated with Andy: The Daily chart was doing all the talking and all you needed to do was read in what it was saying. And everything happened BEFORE THE FACT.
The Dove - Forex Trainer
  • #10,885
  • Aug 8, 2017 7:59pm Aug 8, 2017 7:59pm
Traders -- if you DO NOT READ EVERYTHING THE PARADOX IS SAYING on ALL CHARTS - you will NEVER make it. On this breakout it was all there visually showing you the trade BEFORE IT EVEN HAPPENED. I had seen it and took the trip downstream before the fact.
The Dove - Forex Trainer
  • #10,886
  • Aug 9, 2017 3:02am Aug 9, 2017 3:02am
Trading Plan 09082017 London/Europe Session

We are in consolidation 2Hr/1Hr Romar Resistance and Daily Romar is support

Daily
Romar: Support
Ema: Support
PSAR: Resistance
Notes: DBSAR at bottom of the candle, Romar outside of trading zone flat BB in between, EMA arrow down (from 2previous candles)

2Hr
Romar: Resistance
Ema: Resistance
PSAR: Resistance
NOtes: White about to cross purple not confirmed could be slider for down
Market open above smooth
MacD down
Fibo contourUP holding support


1Hr
Romar: Resistance
Ema: Resistance
PSAR: Resistance (Eliminated purple crossed white for upswing)
NOtes:Whiteand Purple crossed for upswing, MacD up, SAR on top of candle
Fibo contourUP holding support

Entry: On 2HR if SAR appears on top of candle OR on 1HR white cross purple for down and candle open below smooth
  • #10,887
  • Aug 9, 2017 6:54am Aug 9, 2017 6:54am
Quoting jakdan
Date: 07/08/17 6.55 GMT EUR/JPY Daily: Open below smooth ROMAR - Support EMA - Support PSAR Support Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Up Last DB Attachment: 131.389 top Fibo: Down Notes: The Daily has the 4 horsemen heading north with an open below smooth. Both DB/SAR and both divergence attached at the new high. MACD just below 0. Romar out of trading area. BBs closing in. 2 HR: OPEN PRICE 130.371 130.558 ROMAR - Resistance EMA Support PSAR Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB...
Dana/Shaun

i have looked over this trade a number of times to try and find my error.

is there a simple explanation or is it just one of those things? or did i simply miss something?

the only thing i can find is that the SAR did not attach until later and the 61.8 fib was the brick wall.

any little clue will help immensely.

sorry its a bit late ive just been trying to figure out myself.

thanks Ant
Stop killing our Oceans, Stop using single use plastics.
  • #10,888
  • Aug 9, 2017 7:41am Aug 9, 2017 7:41am
Downloaded. Will test it and post feedback soon.
  • #10,889
  • Aug 9, 2017 8:06am Aug 9, 2017 8:06am
Quoting oldfan
Downloaded. Will test it and post feedback soon.
Downloaded what?
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,890
  • Edited 10:26am Aug 9, 2017 9:29am | Edited 10:26am
There's a lot of 40 pip + retrace candles today, DB isn't quite sure where to nest either....difficult to grasp the picture here!

Question please - Whilst the H2 & H4 DB have the hidden divergence attached at the bottom (of which there have been several), why hasn't the Daily got the hidden divergence attached. Is this a sign of further south movement?

EDIT: sorry, but also why has H2 fibo been green since yesterday's drop? That has me really confused....

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,891
  • Aug 9, 2017 10:49am Aug 9, 2017 10:49am
Quoting Andiroo
There's a lot of 40 pip + retrace candles today, DB isn't quite sure where to nest either....difficult to grasp the picture here! Question please - Whilst the H2 & H4 DB have the hidden divergence attached at the bottom (of which there have been several), why hasn't the Daily got the hidden divergence attached. Is this a sign of further south movement? EDIT: sorry, but also why has H2 fibo been green since yesterday's drop? That has me really confused.... Cheers, Andy
Your questions has been answered on this thread.
The Dove - Forex Trainer
  • #10,892
  • Aug 9, 2017 10:54am Aug 9, 2017 10:54am
Quoting jakdan
{quote} Dana/Shaun i have looked over this trade a number of times to try and find my error. is there a simple explanation or is it just one of those things? or did i simply miss something? the only thing i can find is that the SAR did not attach until later and the 61.8 fib was the brick wall. any little clue will help immensely. sorry its a bit late ive just been trying to figure out myself. thanks Ant
You still having major problems with being too early or too late with your entries. I suggest in studying taking entries from the top and from the bottom; resistance and support.
The Dove - Forex Trainer
  • #10,893
  • Edited 4:06pm Aug 9, 2017 3:07pm | Edited 4:06pm
NEWS: 8:30 AM Thursday RED news - USD

Daily:

ROMAR - Support
EMA - Support
Psar - Support until Daily Candle close

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom 128.428
Last SAR Attachment - Bottom 128.428
Fibonacci - Red

Notes: Daily ranging. White and Purple slider. MACD below 0 and decreasing. DB and SAR attached at bottom near bollinger band. Thistle price tag. Daily candle went below 38.2 Fibo but then market got above it. White and Smooth have crossed Purple. White is at the crossing of Smooth with EMA at the crossing of Purple. Parabolics flipped to resistance but still not locked in as the daily candle has not closed. Bollinger Band position is tight. Daily out of balance with Purple.

H2:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance (eliminated)

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Bottom
Last SAR Attachment - Top
Fibonacci - Green

Notes: ROMAR and EMA are resistance. EMA arrow before MACD arrow indicating no major retracements in this swing up. White had crossed Purple on the candle showing the green EMA arrow, and after that on the next candle, Smooth is at the crossing of Purple. Open slightly above EMA. SAR has attached at top, but since we are at the bottom of the Fibo and the trend has changed to the up, this chart is telling me to go long. Parabolics are eliminated by the White and Purple crossing.

H1:

ROMAR - Resistance
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - null
Fibonacci - Green

Notes: 4 horsemen are in trend. EMA crossed Purple. MACD well above 0. Bollinger bands coming in closer and tighter. MA arrow is up.

Final Notes: Market is heavily oversold on the Daily and the H2 is turning up. H2 SAR is waiting for the DB attachment in going up. Confluence is Daily Purple being out of balance. H2 Purple, White and Smooth are support for the market.

Rules:

Smooth being at the crossing of Purple on the candle following White having crossed Smooth with an open candle at EMA.

EDIT: In the sentence above I just caught my mistake, I meant "following white having crossed purple..."

EMA arrow appeared before the MACD arrow

In consolidation trading is both ways, in this case from the bottom up

40 Pip count to ROMAR (there is about 70 pips but TP/SL is always 40)

Entry:

Long - Open candle above EMA after Smooth/White crossed Purple in the correct sequence for an entry.
Attached Image (click to enlarge)
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  • #10,894
  • Aug 9, 2017 10:23pm Aug 9, 2017 10:23pm
Quoting Nikitafen
NEWS: 8:30 AM Thursday RED news - USD Daily: ROMAR - Support EMA - Support Psar - Support until Daily Candle close Checklist: Last MACD 0 Crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - Bottom 128.428 Last SAR Attachment - Bottom 128.428 Fibonacci - Red Notes: Daily ranging. White and Purple slider. MACD below 0 and decreasing. DB and SAR attached at bottom near bollinger band. Thistle price tag. Daily candle went below 38.2 Fibo but then market got above it. White and Smooth have crossed Purple. White is at the crossing of Smooth...
Niki - I got a question: Did you read the post in which I gave out the H4 chart?
The Dove - Forex Trainer
  • #10,895
  • Aug 9, 2017 10:31pm Aug 9, 2017 10:31pm
Quoting dove_alliance
{quote} Niki - I got a question: Did you read the post in which I gave out the H4 chart?
I did yes, I had it added but forgot to do so when I reinstalled mt4 because my SAR was incorrect. I understand what you are saying, I'll add it again.
  • #10,896
  • Aug 9, 2017 10:35pm Aug 9, 2017 10:35pm
Quoting Nikitafen
{quote} I did yes, I had it added but forgot to do so when I reinstalled mt4 because my SAR was incorrect. I understand what you are saying, I'll add it again.
OK - If you had it installed I do not believe you would had taken that trade with EMA as resistence
The Dove - Forex Trainer
  • #10,897
  • Aug 9, 2017 10:43pm Aug 9, 2017 10:43pm
Quoting dove_alliance
{quote} OK - If you had it installed I do not believe you would had taken that trade with EMA as resistence
I just thought I would be following the rule for Smooth/Purple after the White/Purple crossing as the trend changed to the up.
  • #10,898
  • Aug 9, 2017 10:55pm Aug 9, 2017 10:55pm
Quoting Nikitafen
{quote} I just thought I would be following the rule for Smooth/Purple after the White/Purple crossing as the trend changed to the up.
Here was the problem with your entry. You pulled the trigger one bar too soon. You still had EMA in a slider when you pulled the trigger. You needed EMA at purple to eliminate the EMA slider risk. But - the H4 EMA was a stopper for the long as the pips where not there. Right now you have EMA as support and ROMAR as resistance. So on the next bar you may get the market heading back above EMA. All depending how Smooth will cross.
The Dove - Forex Trainer
  • #10,899
  • Aug 9, 2017 11:02pm Aug 9, 2017 11:02pm
Quoting Nikitafen
{quote} I just thought I would be following the rule for Smooth/Purple after the White/Purple crossing as the trend changed to the up.
If you take a closer look at your entry you would see the White was at Purple and two bars laster Smooth was at Purple. It had to coincide one bar apart.
The Dove - Forex Trainer
  • #10,900
  • Aug 9, 2017 11:11pm Aug 9, 2017 11:11pm
Quoting dove_alliance
{quote} Here was the problem with your entry. You pulled the trigger one bar too soon. You still had EMA in a slider when you pulled the trigger. You needed EMA at purple to eliminate the EMA slider risk. But - the H4 EMA was a stopper for the long as the pips where not there. Right now you have EMA as support and ROMAR as resistance. So on the next bar you may get the market heading back above EMA. All depending how Smooth will cross.
The importance of the H4 chart is clearer now, I will remember to include it in my trading plan as reference. I failed to see the overall picture, partly due to being too ignorant to open the 4 hour chart and partly due to not being knowledgeable enough yet.

Am I correct in saying that the pip count to H4 EMA is not always necessary, it depends on the scenario and what all the charts are saying (The Big Picture)? - especially the H2 trend chart?

Even in the case of this being a winning trade, I would consider it a loser. I should have eliminated all risk before taking the trade.
It's like you mentioned in one of your posts, learning the basics is not enough, you must then learn all the scenarios and the rules to be applied to those scenarios.
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