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  • #12,461
  • Dec 5, 2017 12:56pm Dec 5, 2017 12:56pm
Quoting pipon
The chances for a trade today are dropping. I must say, I find consolidation very confusing and hard to trade. I thought Learn2fly entry was/is good. ( Just Above ) I didnt trade it as I was waiting for a 1H BB hit OR for the 2H to close. When it did close I felt I missed the trade and that I was too late and better wait. At the same time I thought it is a good trade at a good price. Funny enough, Several hours later I had the chance to buy at the same price or a bit better, but I didnt, as I felt that term has changed. Again... VERY confusing for...
Pipon - The trade today was for the short because resistance had the power. You had the H2 Parabolic/EMA as resistance with ROMAR as support. The set up was ROMAR on the H1, H2, and H4 with entry off resistance. Taking a look at the those 3 charts you will see the ROMAR sequence from one chat to the next giving the H4 ROMAR as the target.
The Dove - Forex Trainer
  • #12,462
  • Dec 5, 2017 12:57pm Dec 5, 2017 12:57pm
Quoting pedro7676
{quote} Evaluation : TP was hit. I entered short, traded from resistance–EMA to support–Romar. Purple slid under Smooth for continuation of EMA/PSAR downtrend (H2).
Very nice trade Pedro - looks as though you was the only one seeing it.
The Dove - Forex Trainer
  • #12,463
  • Dec 5, 2017 1:13pm Dec 5, 2017 1:13pm
Quoting dove_alliance
{quote} Pipon - The trade today was for the short because resistance had the power. You had the H2 Parabolic/EMA as resistance with ROMAR as support. The set up was ROMAR on the H1,
Thank you for clearing that for me.
It Can be hard for me to see when resistance has the power and when support. Maybe if I had made the plan 3 hours before then the 2H ROMAR was more then 40 pips away I would consider a short (not sure I would)
Anyway, I need to learn more about those senarios
  • #12,464
  • Dec 5, 2017 1:29pm Dec 5, 2017 1:29pm
Quoting pipon
{quote} Thank you for clearing that for me. It Can be hard for me to see when resistance has the power and when support. Maybe if I had made the plan 3 hours before then the 2H ROMAR was more then 40 pips away I would consider a short (not sure I would) Anyway, I need to learn more about those senarios
Take a close look at yesterdays opening on the H2 and what do you see? What you see is the 4 Horsemen in the downtrend with ROMAR as support. Seeing this objective is telling you a short trade is in the makings and the target for entry is resistance. Very simple and all you need to do from this point is applying the rules for your entry. Always - there is trend even in consolidation. All you need to learn is recognizing the trend.
The Dove - Forex Trainer
  • #12,465
  • Dec 5, 2017 1:33pm Dec 5, 2017 1:33pm
If it also helps Pipon, had I had time to trade today - the issue would seem you seeing H2 ROMAR as the risk for the short.......but once H4 purple crossed EMA down then (Shaun quoted this recently I recall) H4 ROMAR is normally always the target (or +40 pips) - at this point I would have gone short.

It's just like looking for confluence over at least three charts for the short, with the H4 purple/EMA cross and awaiting a lower H4 SAR attachment (last was at the top) giving the final ticks in the box imho to give confidence to pull the trigger.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,466
  • Dec 5, 2017 1:57pm Dec 5, 2017 1:57pm
Quoting pipon
{quote} Thank you for clearing that for me. It Can be hard for me to see when resistance has the power and when support. Maybe if I had made the plan 3 hours before then the 2H ROMAR was more then 40 pips away I would consider a short (not sure I would) Anyway, I need to learn more about those senarios
Hi Pipon

If you look at Pedro's chart when he posted his entry, it was pretty much perfect, to get it even more perfect you could have taken the entry right on the 2hr PSAR/4hr 23.6 as Resistance. That would have been 100% perfect!!

With your chart, you had the Light Sky Blue on the bottom, so what happens next? 40 pips from above to trigger the hidden divergence on the bottom is about as close to a sure thing as you will get.

Cheers

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,467
  • Dec 5, 2017 9:11pm Dec 5, 2017 9:11pm
Quoting learn2fly
{quote} Entry : Market touch D1 Smooth and 61.8 support H2 hidden divergence triggered, DB relocated near ROMAR support H1 and H2 ROMAR still support {image}
Result : +12 pips because i close 5 m before red news
Self evaluation : Dove, Shinny and Andi has explain it all on the posts above, and i failed to see the sequence from each chart, H4 chart is going down, and its very risky going long fighting the H4 downtrend
Hope i will do better next trade
Actually i want to go short from H2 PSAR like shinny said, because i think it is top extremen on that consolidation, plus there is top contour line touched and other confluence with H4 fibo 23.6. What makes me didnt is because there is no SAR or DB attached on that PSAR. But as i can see now, i'm wrong
Lesson Learnt.
Thanks all for the explanation
I Will Never Give Up
  • #12,468
  • Edited 9:35pm Dec 5, 2017 9:24pm | Edited 9:35pm
TRADING PLAN
Date: 6 /12/2017

News: 13.15 ADP NFP

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing : Up
Last EMA Alert Arrow : Down
Last DB Attachment: DB/SAR at top 134.373
Fibo up or down:Fibo is Green/Up


Notes: D1 is uptrend with DB/SAR attached on top with divergence, White cross purple

4 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Last DB/SAR Attachment: DB+SAR attached at bottom 132.686 with Divergence attached
Fibo up or down: Fibo is Red/Down

Notes: Downtrend consolidation, with Fibo 61.8 as support and DBSAR+Divergence attached on Fibo 61.8 support

2 HR:

ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: DB/sar attached at bottom 132.686
Fibo up or down: Up

Notes: H2 is Downtrend consolidaiton, market on Fibo 0 with Double divergence, ROMAR still Support

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Dwon
Last EMA Alert Arrow: Down
Fibo up or down: Up

Notes: Downtrend with Fibo Up and at fibo 0 with Green tag

Final Notes : Consolidation downtrend at H2 H1 fibo 0 with Double divergence and fibo green tag.
D1 still uptrend eventhough the white has crossed purple, open above EMA
H4 fibo 61.8 support, with DB/SAR at bottom+ Divergence, next attachement on top

Currently no sign of reversal, H1 ROMAR has crossed EMA Full downtrend, and H2 ROMAR is about to cross
I will wait for the sigh of reversal
and for the short is risky because D1 is is uptrend, and H4 DB/SAr+divergence attached plus ROMAR still support

On consolidation we should trade at extreme, but dont forget in consolidation there is Trend, for me it is downtrend now

Sorry if there is too long Notes on there, i only try to explain it with my poor english skill

Projected Entry :
Consolidation:
Long:
Short:
Notes for readjustments:
I Will Never Give Up
  • #12,469
  • Edited 10:50pm Dec 5, 2017 10:22pm | Edited 10:50pm
DAILY PLAN
Date:06/12/2017

News Impact local time GMT+2:
High:15:30,17:00,17:30
Medium:

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing : UP
Last EMA Alert Arrow : UP
Last DB Attachment: DB attached at top 134.36 with divergence
Fibo up or down: Green Fibo is UP

Notes:Market opened above EMA and continued down towards psar,
White crossed purple eliminated psar power
Green fibo is up

4 HR:
ROMAR -Support
EMA - Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: DB/SAR attached on top at 132.68 with divergence at 61.8 fibo
Fibo up or down: Red Fibo is Down, with BB opening up

Notes: 4horsemen downtrend towards ROMAR
Market rejected at 61.8 fibo

2 HR:
OPEN: 132.98
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: DB attached at bottom at 132.68 with both divergences
Fibo up or down: Green fibo is up

Notes: Romar is heading for EMA
Green fibo is up

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: UP
Last DB Attachment: NA
Fibo up or down:Green Fibo is Up

Notes:H1 is full downtrend
Green fibo is up

Final Notes for all four charts: We are in consolidation, trading is both ways.
We at the bottom of H1/H2 fibos
H4 Roma is support
Daily is up with Romar, EMA and smooth support and psar power eliminated whites crossing purple.

Projected Entry:Will wait for 2HR Romar to see whether it crosses EMA or slides, and wait 4HR ROMAR to see if it crosses 4horsemen

Consolidation:
Long:
Short:

Notes for readjustments:
*************************************************************
  • #12,470
  • Dec 6, 2017 1:23am Dec 6, 2017 1:23am
Date: 6.12.17 8.00 CET

Daily:
ROMAR – Support
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Down
Last DB Attachment – DB attached on top
Fibo up or down - Fibo is up
Notes: DB attached on top, Purple crossed White for down.

4 HR:
ROMAR – Support
EMA – Resistance
PSAR - Resistance
Notes : DB attached on bottom, market is under Romar.

2 HR:
ROMAR – Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - DB attached on bottom
Fibo up or down - Fibo is down
Notes: 4 horsemen are in downtrend, Romar downtrend.
1 HR:
ROMAR – Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Notes: 4 horsemen are in downtrend, Romar downtrend.

Final Notes for all charts: Consolidation. D1- DB attached on top, Purple crossed White for down. H4- Purple at Romar. H2, H1- 4 horsemen are in downtrend, Romar downtrend.
Entry:
Consolidation: short off Purple – H2
Long:
Short:


Rules : Consolidation. D1- DB attached on top, Purple crossed White for down. H2 – 4 horsemen are in downtrend, Romar downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 257 KB
Hard work beats talent when talent fails to work hard. - KD
  • #12,471
  • Dec 6, 2017 1:44am Dec 6, 2017 1:44am
Quoting pedro7676
Date: 6.12.17 8.00 CET Daily: ROMAR – Support EMA – Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Down Last DB Attachment – DB attached on top Fibo up or down - Fibo is up Notes: DB attached on top, Purple crossed White for down. 4 HR: ROMAR – Support EMA – Resistance PSAR - Resistance Notes : DB attached on bottom, market is under Romar. 2 HR: ROMAR – Resistance EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - DB attached on bottom Fibo...
Evaluation :
TP was hit. I like this trade, did not have to wait whole day for closing. I entered short off Purple, traded from resistance with Romar H2 trend.
Hard work beats talent when talent fails to work hard. - KD
  • #12,472
  • Dec 6, 2017 1:49am Dec 6, 2017 1:49am
Quoting learn2fly
TRADING PLAN Date: 6 /12/2017 News: 13.15 ADP NFP Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing : Up Last EMA Alert Arrow : Down Last DB Attachment: DB/SAR at top 134.373 Fibo up or down:Fibo is Green/Up Notes: D1 is uptrend with DB/SAR attached on top with divergence, White cross purple 4 HR: ROMAR - Support EMA - Resistance PSAR - Resistance Last DB/SAR Attachment: DB+SAR attached at bottom 132.686 with Divergence attached Fibo up or down: Fibo is Red/Down Notes: Downtrend consolidation, with Fibo 61.8 as...
Entry : market touch D1 PSAR + Fibo 38.2, H4 ROMAR Support
Rule : Consolidation entry from extreme + H2 ROMAR has cross EMA then it will test ROMAR again
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 12-06-17 at 02.43 PM.PNG Size: 70 KB
I Will Never Give Up
  • #12,473
  • Dec 6, 2017 3:22am Dec 6, 2017 3:22am
My first post of trade after the event = +40

Fell asleep at market open, awoke on Daily open, internet crashed simultaneously as trade entered........it was a fun night!

Bit late to trade as the entry was off the H1 retrace to EMA, however the Daily open entry was just as safe imho. If you have the pips take the trip...




Session Tokyo: EUR-JPY 06/12/2017

Daily: opened under Smooth on EMA
ROMAR: Support
EMA: Support
Parabolic: Support (eliminated)

Notes: Purple crossed white, opened on EMA, EMA arrow down, fibo down. Last DBSAR on top, next attachment will be on the bottom. +40 pips room down to Parabolics.

H4
ROMAR: Support/Resistance
EMA: Resistance
Parabolic: Resistance

Notes: Horsemen Down, Market at ROMAR, will cross shortly in sync with H1/H2, DBSAR connected for further down, BB’s opening up at bottom, fibo down.


H2
ROMAR: Support/Resistance
EMA: Resistance
Parabolic: Resistance

Notes: Horsemen down, now below ROMAR, in sync with H1 crossing. EMA arrow down, BB’s opening up. Previous attachment of hidden divergence on DBSAR with slight retrace to ROMAR.

H1
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

Notes: Horsemen down, 1800 candle retrace to EMA missed entry, fibo green.

Final Notes: was asleep at the H2 retrace from the hidden divergence, which hit H1 EMA. At the new Daily open below Smooth/at EMA, the position of the BB’s on H4/2/1, plus the impending sync of H4 crossing ROMAR like H1 & H2, was my plan for a short. Missed the H1 entry, but awoke at the new Daily. I had my confluence for the short.

Rules;
- hidden divergence in current trend direction - retrace to resistance then back in for a lower low or higher high.
- Never go against the current trend, it was down on all 4 charts, look for a decent resistance for entry - if slightly missed don't be afraid to go in later if you have the pips (daily parabolic in this instance)
- current trend and ROMAR on H1 H2 H4 - the sync of the H1 followed by the others is important to see and to research past charts.
- see how H2 ROMAR became resistance as soon as market had crossed (before EMA had crossed)
- position of the BB's, flat or opening up for more movement?
- Daily opening below Smooth


Adjustments: with my internet crashing (for provider maintenance apparently) my tp is wrong, adjusted this morning when internet back on.

Short: on Daily open


Daily
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproDaily 061217 0012hrs.png Size: 70 KB



H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH4 061217 0012hrs.png Size: 71 KB



H2 with wrong tp

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 061217 0012hrs.png Size: 80 KB


H2 with correct tp with internet back on

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 061217 adjusted.png Size: 77 KB



Hope this helps to show even with a later than preferred entry and internet crashing, you can still get +40 if you know the rules.


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,474
  • Dec 6, 2017 5:34am Dec 6, 2017 5:34am
I've been reading this thread for a while and trying to apply the rules with mixed success. I've been nervous about posting a trading plan, but I don't think I'm going to progress without live feedback. I don't know if I'm actually going to take this trade because of the red USD news this morning, but this is the plan. I would really appreciate someone telling me where my logic is off. Thanks - Paul

EUR/JPY 12/6/17 5:41am
Daily:
ROMAR: Support
EMA: Support
Parabolic: Support
Last EMA Arrow: Down
Last MACD Arrow: Down
Last DB/SAR Attachment: Top
Notes: Purple has crossed White for the down, putting the Daily into consolidation. DB/SAR attachment is at top, so the next attachment will be on the bottom.

4 Hour:
ROMAR: Support
EMA: Resistance
Parabolic: Resistance
Lats EMA Arrow: Down
Last MACD Arrow: Down
DB/SAR Attachment: Bottom
Notes: DB/SAR has attached to the bottom with LightSkyBlue divergence, indicating the beginning of a swing up. The low is at the Daily Parabolic, indicating a support level that will allow the divergence to be effective.

2 Hour:
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Last EMA Arrow: Down
Last MACD Arrow: Down
Last DB/SAR Attachment: Bottom

Notes: DB/SAR has attached to a bottom, with gold and LSB divergence and a green price box. The Fibo has flipped to green, indicating the bottom has been reached and it's the beginning of a swing up.

1 Hour:
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Last EMA Arrow: Down
Last MACD Arrow: Down
DB/SAR Attachment: Bottom

Notes: The DB/SAR has attached to a bottom with gold and LSB divergence and a green price tag, and the Fibo has flipped to green, indicating the market has reached a bottom and is moving into an upswing.

Final Notes: H4, H2, and H1 divergence and DB/SAR attachments on the bottom indicate that the downswing is spent and we are now going to move back up to a Daily resistance level. The first one is EMA, 133.03.

Entry Long: On new H2 candle, targeting H2/Daily EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: Dailiy.png Size: 72 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.png Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2 hour.png Size: 63 KB

Attached Image (click to enlarge)
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  • #12,475
  • Dec 6, 2017 5:51am Dec 6, 2017 5:51am
[quote=myfutureself;10565203]I've been reading this thread for a while and trying to apply the rules with mixed success. I've been nervous about posting a trading plan, but I don't think I'm going to progress without live feedback. ....

Oh My....

See post 9720

Pretty self explanatory .... for your future self.
If you make up your own rules then the story is sad.....
  • #12,476
  • Dec 6, 2017 6:21am Dec 6, 2017 6:21am
[quote=OliveBranch;10565242]
Quoting myfutureself
I've been reading this thread for a while and trying to apply the rules with mixed success. I've been nervous about posting a trading plan, but I don't think I'm going to progress without live feedback. .... Oh My.... See post 9720 Pretty self explanatory .... for your future self.
Thanks for this.
  • #12,477
  • Edited 7:22am Dec 6, 2017 7:11am | Edited 7:22am
Quoting learn2fly
{quote} Entry : market touch D1 PSAR + Fibo 38.2, H4 ROMAR Support Rule : Consolidation entry from extreme + H2 ROMAR has cross EMA then it will test ROMAR again {image}
Close 5 m before news
Result : +3 pips
Self evaluation : i realized this as against trend trade, with H2 and H1 strong downtrend. My support only D1 Psar which has been eliminated in the consolidation
I need more patient in waiting best setup occured
But this kind of experience is important for me to go live and learn from my mistake will give more influence to my learning curve
I Will Never Give Up
  • #12,478
  • Dec 6, 2017 9:27am Dec 6, 2017 9:27am
Quoting whaleknight
{quote} Thanks andy for the plans. I took the same trade without knowing the reasons. Lol. {image}
Well that's pretty stupid really isn't it? No plans, just riding off others backs without a clue.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,479
  • Dec 6, 2017 1:09pm Dec 6, 2017 1:09pm
Dana,Shaun and Andy, thanks again for the help.I wrote it down and will use it next time this scenario appears .
Andy was right, the 2H ROMAR made me ignore the rest of the charts.

One thing I didn't understand was from Shaun's post : "With your chart, you had the Light Sky Blue on the bottom, so what happens next? 40 pips from above to trigger the hidden divergence on the bottom is about as close to a sure thing as you will get."
Can you please explain this in other words? I read it several times while looking at the 2H chart I posted, but I do not understand.

Thanks,
Pipon
  • #12,480
  • Dec 6, 2017 2:12pm Dec 6, 2017 2:12pm
Quoting pipon
Dana,Shaun and Andy, thanks again for the help.I wrote it down and will use it next time this scenario appears . Andy was right, the 2H ROMAR made me ignore the rest of the charts. One thing I didn't understand was from Shaun's post : "With your chart, you had the Light Sky Blue on the bottom, so what happens next? 40 pips from above to trigger the hidden divergence on the bottom is about as close to a sure thing as you will get." Can you please explain this in other words? I read it several times while looking at the 2H chart I posted, but I do...
Hi Pipon

Here is the chart you posted:

Attached Image (click to enlarge)
Click to Enlarge Name: pip.png Size: 76 KB


Ok, what do you see on the bottom with the DB/SAR? The Light Sky Blue. You know that the market will get below that low and trigger the Gold Hidden Divergence, so just making sure you had +40 to that point was keeping it really simple.

Here is the "after" chart:

Attached Image (click to enlarge)
Click to Enlarge Name: pip 2.jpg Size: 360 KB


You see?

Hope that helps.

Cheers

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
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