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The Paradox System

  • #13,141
  • Feb 6, 2018 10:08am Feb 6, 2018 10:08am
Quoting dove_alliance
{quote} Yes - you are correct and my question is why not wait when the setup was correct? Playing games with an account will, and can place you in the bankruptcy file.
Thank you for your reply sir. I will be more patient and will wait for the opportune moment for entry according to the rule.
  • #13,142
  • Feb 6, 2018 10:12am Feb 6, 2018 10:12am
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 06/02/2018 Time: Tokyo Open Red News: No red news. Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: Top at 137.490 Last SAR attachment: Bottom at 134.797 Fibo: Down/Red Notes: 4 horsemen is up with ROMAR uptrend but market opened way below parabolic at 61.8 fibo. H4: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: Bottom at 134.797 Last SAR attachment: With and under DB Fibo: Down/Red Notes: 4 horsemen...
No entry made.

Today I was very busy and couldn't manage time to even see the market.
  • #13,143
  • Feb 6, 2018 6:55pm Feb 6, 2018 6:55pm
My Trading Plan: EURJPY

Date (Local): 07/02/2018
Time: Tokyo Open

Red News: No red news.

Daily:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Down on current candle
Last EMA arrow: Down
Last DB attachment: Bottom at 133.962 yesterday
Last SAR attachment: With and under DB
Fibo: Down/Red

Notes: Market is up with ROMAR, EMA and Parabolic uptrend but White crossed Purple for down. Market opened below EMA and MACD arrow appeared on current candle.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 133.962
Last SAR attachment: Top at 135.825 on the last candle
Fibo: Up/Green

Notes: ROMAR crossed EMA for down. Strong down but White Purple crossed for up. Market opened at ROMAR.


H2:

Day Open Price: 135.548
ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 135.825
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: 4 horsemen up against ROMAR resistance. DB attached on top at ROMAR. Not enough gap between Resistance and EMA Support.


H1:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Fibo: Up/Green

Notes: 4 horsemen up against ROMAR resistance. Market opened at ROMAR. Not enough gap between Resistance and Support. 61.8 fibo holding resistance.


Final Notes: Market is in consolidation. In lower TFs ROMAR is in downtrend. Daily opened below EMA. H2 and H1 ROMAR holding resistance. Gap between support and resistance is very low.

Entry for Long: ---

Entry for Short: Will be looking for short from a good resistance level after EMA become resistance on H2.
  • #13,144
  • Edited Feb 7, 2018 4:03am Feb 6, 2018 7:17pm | Edited Feb 7, 2018 4:03am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Trading Plan: EURJPY

Date (Local): 07.02.18
Time: After Tokyo Open

Red News: USD, 21:30-Crude Oil Inventories

Daily:

ROMAR: Support
EMA: Support
PSAR: Support ( Eliminated)
Checklist:

Last MACD 0 Cross: Down on current candle
Last EMA arrow: Down 2 candle age
Last DB attachment: on Bottom with both Divergence below the ROMAR & above BB, between 61 -100 fibo.
Last SAR attachment: On top with DB at 00 fibo with both divergence & magenta inner box, just below the upper BB.
Fibo: Red for down

Notes Market is ROMAR uptrend with white purple crossing for down. Opened below EMA & above parabola. White purple crossing eliminated parabola as resistance & give indication for reversing the trend. EMA & Smooth holding support though market below those. Romar is about 100 & 61.8 fibo is 75 pips below with as well as resistance is about 80 pips above.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance ( Eliminated)

Checklist:

Last DB attachment: on Bottom with both divergence & Green inner box at 00 fibo
Last SAR attachment: on top above ROMAR & just below Parabola
Fibo: Green for UP.

Notes: White purple crossing is a first indication for changing the trend. But the market is in a consolidation position.
H2:


Day Open Price: 135.548
ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up 5 candle ago
Last DB attachment: on Top at ROMAR with divergence
Last SAR attachment: on top about 30 candle ago
Fibo: Green for UP

Notes: Market is in constricted consolidation with romar holding resistance & ema with 4hm holding support. Last DB attachment at romar so next DB maybe at bottom but 4HM , FIBO MACD indicating for up. DB is attaching from 00 fibo to 100 fibo.

H1:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: up
Last EMA arrow: up
Fibo: Green for up
Notes: market is in consolidation position with ROMAR holding resistance with 4HM holding support




Final Notes: Market is in consolidation mode with daily romar & H1, H2 – 4HM support with daily ema & other all romar holding resistance. In H2 market is between Support ema & resistance ROMAR. So it will be better to wait for the H2 ema as resistance to go short or romar as support to go long.
Entry: very hard to make entry. Need some adjustment. Let the market come to me.
Adjustment: H2 purple crossed white smooth & EMA With parabola flipping & MACD arrow down.
Entry for Long:

Entry for Short: i will go short from a safer off the resistance , H2 EMA would be that position if all are well.
Thanks
toil
  • #13,145
  • Feb 7, 2018 2:16am Feb 7, 2018 2:16am
Hello Everyone, I'm back at my charts and able to trade (Mom has overcome her inertia, agreed to leave her home of 50 yrs, and signed a lease on her assisted living apt. --all is good. I appreciate your many warm well-wishes!).

Below is my very first trade since returning. I intentionally stayed out during the high volatility of the last two days, choosing instead to merely observe and make notes as such volatility is new to me. And it is indeed a different beast! Shaun certainly nailed it a few months ago when he predicted the return of high volatility to the markets. My trading Plan was made at Sydney Open.

Warm Regards, Mark

DATE: 2-6-18 PAIR: EJ
DAILY:
ROMAR: Support
EMA: Support
PSAR: Support
4Horsemen: Up
Balance: 1 Bar Out
Last MACD 0 Crossing: Up but at crossing for Dn
Last EMA Alert Arrow: Dn
Last DB Attachment: bottom for Up
Fibonacci: Down
Notes: Ranging Uptrend: Mkt @ 38.2 & EMA Support (Ranging, 4H and EMA running through middle)

H4:
ROMAR: Resistance
EMA: Resistance
PSAR: Eliminated
Last DB Attachment: Bottom but SAR on top
Fibonacci: UP
Notes: New Downtrend: At ROMAR Resistance, Smooth Support

H2:
ROMAR: Resistance
EMA: Resistance & Support
PSAR: Support
4Horsemen: Purple has crossed EMA for UP
Balance:
Last MACD 0 Crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: Top on ROMAR Resistance with Both Divergence Lines
Fibonacci: Up @ 50
Notes: Consolidated Uptrend: DB hit on ROMAR Resistance, Mkt between ROMAR Resistance and EMA Support

H1:
ROMAR: Support Resistance
EMA: Support Resistance
PSAR: Support Resistance Eliminated
4Horsemen: Up
Notes: Consolidated Uptrend. Mkt between ROMAR and Purple

Final Notes: H1, H2, H4 all at ROMAR Resistance, H2 with DB & H4 with SAR BUT also at Daily EMA Support, so I expect the Mkt to move sideways until a breakout (most likely to the south with new Daily Bar), Look for Sliders on H1 & H2, Look for Daily MCAD crossing Down with New Daily bar—enter Short if above conditions are met.

News: USD Red @ 10:30 AM EST

Notes for Readjustment: Daily MCAD Dn Arrow showed with new Daily, H2 Down EMA arrow appeared, H2 Purple has crossed White down, Mkt below H2 & H4 EMA (at entry), H1 PSAR had flipped down with ROMAR Slider

Entry: Short @ 135.335, just after Frankfurt Open, 40 SL / 40 TP

Outcome: TP hit, +40 (50 minutes after entry)

Self-Evaluation: Mkt immediately moved against me 10 pips to EMA Resistance (I could have foreseen that and entered better)
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-07_0211entry.png Size: 93 KB
  • #13,146
  • Edited 4:25am Feb 7, 2018 3:00am | Edited 4:25am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting Therapsid
Hello Everyone, I'm back at my charts and able to trade (Mom has overcome her inertia, agreed to leave her home of 50 yrs, and signed a lease on her assisted living apt. --all is good. I appreciate your many warm well-wishes!). Below is my very first trade since returning. I intentionally stayed out during the high volatility of the last two days, choosing instead to merely observe and make notes as such volatility is new to me. And it is indeed a different beast! Shaun certainly nailed it a few months ago when he predicted the return of high volatility...
Dear friend, I could have got that trade open below EMA, +40 pips up to parabola but without purple crossed smooth and/or EMA as well as being H2 4HM as resistance i could not pull that trigger.
  • #13,147
  • Feb 7, 2018 6:48am Feb 7, 2018 6:48am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting toil
Trading Plan: EURJPY Date (Local): 07.02.18 Time: After Tokyo Open Red News: USD, 21:30-Crude Oil Inventories Daily: ROMAR: Support EMA: Support PSAR: Support ( Eliminated) Checklist: Last MACD 0 Cross: Down on current candle Last EMA arrow: Down 2 candle age Last DB attachment: on Bottom with both Divergence below the ROMAR & above BB, between 61 -100 fibo. Last SAR attachment: On top with DB at 00 fibo with both divergence & magenta inner box, just below the upper BB. Fibo: Red for down Notes Market is ROMAR uptrend with white purple crossing...
Entry: go short at H2 purple resistance.
Rules:
According to my trading plan go short when H1 & H2 4HM syn for down with ROMAR down trend
Thanks
Toil
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 entry.png Size: 97 KB
  • #13,148
  • Feb 7, 2018 8:35am Feb 7, 2018 8:35am
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 07/02/2018 Time: Tokyo Open Red News: No red news. Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down on current candle Last EMA arrow: Down Last DB attachment: Bottom at 133.962 yesterday Last SAR attachment: With and under DB Fibo: Down/Red Notes: Market is up with ROMAR, EMA and Parabolic uptrend but White crossed Purple for down. Market opened below EMA and MACD arrow appeared on current candle. H4: ROMAR: Resistance EMA: Resistance PSAR: Resistance Checklist: Last DB attachment:...
No Entry.

Couldn't pull the trigger today. See you tomorrow.
  • #13,149
  • Feb 7, 2018 10:23am Feb 7, 2018 10:23am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting toil
{quote} Entry: go short at H2 purple resistance. Rules: According to my trading plan go short when H1 & H2 4HM syn for down with ROMAR down trend Thanks Toil {image}
Result: +40 pips from the market.
Evaluation: H1 & H2 charts syn with ROMAR downtrend & 4HM turn back for continuation of down trend, Purple crossed EMA, MACD also down with H2 SAR attached on bottom that will further attach DB on bottom make me confident for go short.

Egarly waiting for evaluation from master DOVE

Thanks
Toil
  • #13,150
  • Feb 7, 2018 2:08pm Feb 7, 2018 2:08pm
Quoting toil
{quote} Result: +40 pips from the market. Evaluation: H1 & H2 charts syn with ROMAR downtrend & 4HM turn back for continuation of down trend, Purple crossed EMA, MACD also down with H2 SAR attached on bottom that will further attach DB on bottom make me confident for go short. Egarly waiting for evaluation from master DOVE Thanks Toil
OK Toil - very impressive with 3 consecutive winning trades and using your trading plan's for each entry. I believe you had gain some pretty amazing insight in seeing the future as you're building your trading plans. So what I am going to do is put you on the list of "after the fact". This means on every trading plan you create you post it; then make your entry and take the H2 screen shot and hang on to it without posting it - after the trade do your self-evaluation with the rules, and then post your entry and evaluation together. This does not mean you have reach the elite status because I have some doubts on a few scenarios. This will stop the trolls from stealing your trades. As I evaluate the scenarios then we move on from there.

Very good job in what you are doing - keep up the good work.
The Dove - Forex Trainer
  • #13,151
  • Feb 7, 2018 6:28pm Feb 7, 2018 6:28pm
My Trading Plan: EURJPY

Date (Local): 08/02/2018
Time: Tokyo Open

Red News: No red news.

Daily:

ROMAR: Support
EMA: Support (about to cross)
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 133.809 yesterday
Last SAR attachment: With and under DB
Fibo: Down/Red

Notes: Smooth crossed Purple for down. EMA about to cross Purple for down. Opened way below ROMAR in between 61.8 and 100 fibo.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 133.809
Last SAR attachment: Together with DB
Fibo: Up/Green

Notes: 4 horsemen down with ROMAR down. Market opened near 0.0 fibo.


H2:

Day Open Price: 134.040
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 133.809
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: 4 horsemen down with ROMAR down. Market opened near 0.0 fibo. MACD down.


H1:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Up/Green

Notes: 4 horsemen down with ROMAR down. Market opened near 0.0 fibo. MACD also down.


Final Notes: Strong downtrend in lower TFs. Daily is also turning for down against ROMAR support. Fibo flipped in all 3 lower TFs. Market opened near 0.0 fibo. But Daily is now in the middle of 61.8 and 100 fibo.

Entry for Long: ---

Entry for Short: Will be looking for short after some adjustments.
  • #13,152
  • Feb 7, 2018 8:11pm Feb 7, 2018 8:11pm
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting dove_alliance
{quote} OK Toil - very impressive with 3 consecutive winning trades and using your trading plan's for each entry. I believe you had gain some pretty amazing insight in seeing the future as you're building your trading plans. So what I am going to do is put you on the list of "after the fact". This means on every trading plan you create you post it; then make your entry and take the H2 screen shot and hang on to it without posting it - after the trade do your self-evaluation with the rules, and then post your entry and evaluation together. This does...
Many many thanks master for your response. I have lost my word to say anything. I am really delighted. Your single word makes me too much encourage.
Sir I am the most junior member in here & have to study and learn a lot for improving myself. I know that 3 consecutive win trade will not take me to elite status. I have already realised that I need at least six months to improve my self. Please keep me in your sight untill I am on my right track.
Thanks
Toil.
  • #13,153
  • Feb 7, 2018 8:13pm Feb 7, 2018 8:13pm
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting toil
{quote} Many many thanks master for your response. I have lost my word to say anything. I am really delighted. Your single word makes me too much encourage. Sir I am the most junior member in here & have to study and learn a lot for improving myself. I know that 3 consecutive win trade will not take me to elite status. I have already realised that I need at least six months to improve my self. Please keep me in your sight untill I am on my right track. Thanks Toil.
I will be out of my trading station this week for my family program, hope join with my charts next week.

Thanks
Toil
  • #13,154
  • Feb 7, 2018 10:02pm Feb 7, 2018 10:02pm
TRADING PLAN
Date: 2/8/2018

News: none

Daily:
ROMAR - Support
EMA - Support
PSAR - Resistance

Check List:
Last MACD 0 crossing : Down
Last EMA Alert Arrow : Down
Last DB/SAR Attachment: DB attached on bottom
Fibo : Down

Notes: PSAR has flipped to Resistance but EMA still Support and Market open below ROMAR Support

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Last DB/SAR Attachment: DB/SAR on bottom
Fibo : Up

Notes: H4 is downtrend but Fibo has flipped to Up and Both divergence attached

2 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB/SAR Attachment: DB on bottom with divergence
Fibo : Up

Notes: Market has touch lower BB with DB and divergence on Fibo 0, fibo turn to Green and will going to consolidate

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Fibo : Up

Notes: H1 white has crossed Smooth up, MACD and EMA alert up, fibo up. all signaling consolidation for turn Up the market

Final Notes :
Main trading chart H2 is downtrend, H4 also downtrend but both of them Fibo is turning Up, Market open below D1 main Support (ROMAR), and eventhough H2 is downtrend i dont think i will go against D1 ROMAR for Short
H1 also begin to consolidate by white crossing
So i prefer to go long when H2 turn direction following D1 ROMAR Uptrend. With 4horsemen open far away from D1 4horsemen, i think it will give me more confluence

Projected Entry:
Long when H2 turn direction and enough pips to H2 ROMAR
I Will Never Give Up
  • #13,155
  • Feb 8, 2018 12:21am Feb 8, 2018 12:21am
Quoting dove_alliance
{quote} OK Toil - very impressive with 3 consecutive winning trades and using your trading plan's for each entry. I believe you had gain some pretty amazing insight in seeing the future as you're building your trading plans. So what I am going to do is put you on the list of "after the fact". This means on every trading plan you create you post it; then make your entry and take the H2 screen shot and hang on to it without posting it - after the trade do your self-evaluation with the rules, and then post your entry and evaluation together. This does...
You are such a great teacher Dove. Love watching you pick the "talent" above the rest. You are a very kind man. God bless.
The quieter you become, the more that you can hear.
  • #13,156
  • Feb 8, 2018 2:41am Feb 8, 2018 2:41am
Good morning from freezing and snowy Spain!!

NEWS: NO RED: USD Orange Unemployment/Mortgage delinquencies 14:30 onwards

Trading Plan 8 Feb 2018

London Session

Daily: Open 134.374 (Sydney open 134.940)
ROMAR - Support
EMA – Support
PSAR – Resistance

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom 133.809
Last SAR Attachment - with DB
Fibonacci - Red

Balance: 3 days ago

Notes: Purple/EMA cross probable tomorrow/today. Balance 100+ pips away. Market below ROMAR support. PSAR flipped to resistance. Horsemen turning down but consolidation for now.

H4:
ROMAR - Resistance
EMA – Resistance
Psar - Resistance

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom at 133.809
Last SAR Attachment – with DB
Fibonacci - Green

Notes: All indicators for down. EMA resistance at 50 pips. OPen candle below smooth. Support at Fibo 0.0

H2:
ROMAR - Resistance
EMA – Resistance
PSAR – Resistance Eliminated

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom at 133.809
Last SAR Attachment - Top 134.785
Fibonacci - Green

Notes: After new LL market turned for up. SAR connection up but rejected at PSAR (eliminated) DB connection should be up. White & smooth have crossed purple. EMA resistance holding. Market tried to move up and failed this time.

H1:
ROMAR - Resistance
EMA - Support
PSAR – Support

Checklist:
Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Green

Notes: Weak upswing after strong downtrend. ROMAR resistance at 60 pips. PSAR flipped for support and EMA/Purple crossed for change in swing but getting flat already.


Final Notes: Consolidation. Reaction from new LL with SAR attach on H2. But cannot pass more. ROMAR daily support at 135.5 should bring market back, also purple/market balance needed. H4 however showing clear down on all indicators. H2 open below EMA resistance. H1 open above EMA support. After SAR attach on H2, need also the DB up attach.

Entry: Prefer long with H2 PSAR flip or open above EMA & market look to go above Daily ROMAR support to purple for balance. Wait for signal.

Possibility for short would be market below H2 horsemen heading for new LL - but daily indicators make me not like this.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
It takes time
  • #13,157
  • Feb 8, 2018 4:22am Feb 8, 2018 4:22am
Morning traders quick in and out this morning.

Date: Opening 08.02.18 E/J

Daily: Open below Horsemen also ROMAR Support well out of balance
ROMAR - Support
EMA – Resistance
PSAR – Support E Flip

Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow – Red down before MACD.
Last DB Attachment – DB/SAR attached on bottom with both divergence.
Fibo up or down - Fibo is down from the top.

Notes: Horsemen Up just turning over at the top. W/P x others should follow (now in order.) Arrows in order. BB’s at 45’ PSAR flip

4 HR:
ROMAR –Resistance
EMA – Resistance
PSAR – Resistance E

Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow – Red before Macd crossing.+ swap
Last DB Attachment - DB/SAR attached on bottom with divergence.
Fibo up or down - Fibo is up.

Notes: the 4 horsemen are down and in order. BB’s wide open.

2 HR:
OPEN PRICE –
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing - The crossing is Down.
Last EMA Alert Arrow – Red down in order.
Last DB Attachment – DB attached on bottom with both divergence.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are down with ROMAR now resistance. BB’s opened up, MACD below 0 but not strong?

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

Check List:
Last MACD 0 crossing - The crossing down.
Last EMA Alert Arrow – Red before MACD.
Last DB Attachment - NA
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are down and in order, BB’s open macd below 0 but divergence!!!,

Final Notes for all three charts:
Daily PSAR flipped for down OBR H4 Horsemen still down pull back to smooth. H2 SAR/PSAR(MACD just above 0)arrows in order for up and balance?
Market is out of balance and below daily ROMAR support! All other charts are pointing down however Fibs and balance together with MACD divergence showing possible retrace.

News:


Entry: Short off H2 SAR/PSAR
Attached Image(s) (click to enlarge)
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Stop killing our Oceans, Stop using single use plastics.
  • #13,158
  • Feb 8, 2018 4:31am Feb 8, 2018 4:31am
"You will join elite status","on the list after the fact"...?Dove Alliance bud,you have a god complex
ado
  • #13,159
  • Feb 8, 2018 7:19am Feb 8, 2018 7:19am
Hello Traders,

I took the same trade as Ant. I use the H4 as a reference, but don't really mention it unless it has an impact on my trade. This time it was a major factor. Here is my plan with screen shot. Trade was executed on my lap top, bar count and FIBO are incorrect.



Session: Sydney EUR-JPY 2/7/2018

Daily: New week open candle 60 pips below ROMAR.

ROMAR: Support
EMA: Support
Parabolic: Resistance

Notes: Purple crossed White and Smooth down. PSAR flipped for the down. Trend EMA arrow down. MACD zero cross arrow down. FIBO down.

H2

ROMAR: Resistance
EMA: Resistance
Parabolic: Eliminated
Notes: Purple crossed White up. EMA holding resistance. DB down with Blue Divergence attach at 0.0 FIBO. SAR attach above EMA. Trend EMA arrow up. MACD zero cross arrow up. FIBO up.

H1

ROMAR: Resistance
EMA: Support
Parabolic: Support

Notes: Purple crossed White, Smooth, and EMA up.

Final Notes: H1, turning up with ROMAR trend down. H2, turning up with ROMAR, PSAR, and EMA trends down. H4, in strong down trend. Daily down with market below ROMAR. Market is in a consolidated down trend. H2, and H4 trends are down. I will enter short position off H2 resistance. Looking for SAR hit at PSAR.

Adjustments: SAR hit at H2 PSAR 06:00 candle.

Short: Entered short position on H2 06:00 candle SAR attach at PSAR after slight retrace. Set TP +40 SL 40.

Result: Took +40 from the market.

Best Regards,

Chad
Attached Image (click to enlarge)
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  • #13,160
  • Feb 8, 2018 10:09am Feb 8, 2018 10:09am
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 08/02/2018 Time: Tokyo Open Red News: No red news. Daily: ROMAR: Support EMA: Support (about to cross) PSAR: Resistance Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: Bottom at 133.809 yesterday Last SAR attachment: With and under DB Fibo: Down/Red Notes: Smooth crossed Purple for down. EMA about to cross Purple for down. Opened way below ROMAR in between 61.8 and 100 fibo. H4: ROMAR: Resistance EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: Bottom at 133.809 Last...
No entry.

To me, today's only opportunity was the SAR attachment on H2 parabolic which was also 61.8 fibo in Daily. But as EMA green arrow and MACD arrow was in sequence and White crossed Purple and Purple on Smooth on H2 and also my SL would be below H2 ROMAR, I couldn't pull the trigger. I am not confident trading these advanced situations. Don't know when I will be able to trade like you guys... And when I go without trade for one or two consecutive days, on the next day something bad is going on on my mind which is hard to control. I am really afraid of tomorrow's trade what I am gonna do.
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