Hello Dana, Shaun, and Fellow Paradox traders,
Thought I would stop by and say hello. I hope everyone has a great and prosperous new year! Happy to see some new traders embarking on their journey to become one of the 5%, and wish you the very best in your studies!
Also, thought I would post today's trade with plan and screen shots. I truly hope it helps someone.
Session: Sydney EUR-JPY 1/14/2018
Daily: New week open, 11 pips below 23.6 FIBO.
ROMAR: Support
EMA: Resistance
Parabolic: Resistance
Notes: Horsemen down. DB down with Blue Divergence attach below ROMAR. Trend EMA arrow up. MACD zero cross arrow down. FIBO down.
H2
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Horsemen up. DB / SAR up with Green and Magenta Divergence attach at 0.0 FIBO. Trend EMA arrow up. MACD zero cross arrow up. FIBO down.
H1
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Horsemen up.
Final Notes: H1, and H2 up. Daily down. Market is in consolidation. I will focus on the Daily chart as the market is close to it’s major resistance levels. I will enter short position off resistance.
Adjustments: SAR hit on Daily, just above 23.6 FIFO.
Short: Entered short position on slight retrace up to Daily PSAR with SAR hit. Set TP +40 SL 40.
Result: Took +40 from the market.
Best Regards,
Chad
Thought I would stop by and say hello. I hope everyone has a great and prosperous new year! Happy to see some new traders embarking on their journey to become one of the 5%, and wish you the very best in your studies!
Also, thought I would post today's trade with plan and screen shots. I truly hope it helps someone.
Session: Sydney EUR-JPY 1/14/2018
Daily: New week open, 11 pips below 23.6 FIBO.
ROMAR: Support
EMA: Resistance
Parabolic: Resistance
Notes: Horsemen down. DB down with Blue Divergence attach below ROMAR. Trend EMA arrow up. MACD zero cross arrow down. FIBO down.
H2
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Horsemen up. DB / SAR up with Green and Magenta Divergence attach at 0.0 FIBO. Trend EMA arrow up. MACD zero cross arrow up. FIBO down.
H1
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Horsemen up.
Final Notes: H1, and H2 up. Daily down. Market is in consolidation. I will focus on the Daily chart as the market is close to it’s major resistance levels. I will enter short position off resistance.
Adjustments: SAR hit on Daily, just above 23.6 FIFO.
Short: Entered short position on slight retrace up to Daily PSAR with SAR hit. Set TP +40 SL 40.
Result: Took +40 from the market.
Best Regards,
Chad
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