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  • #13,201
  • Feb 12, 2018 10:20pm Feb 12, 2018 10:20pm
Quoting dove_alliance
Let me clear this up with trades in a 24 hour period. That is 24 hours AFTER your last trade was completed (winner or loser). This means Ronin and Learn2fly your last trading plans are invalid. Learn to trade by the rules which includes the cool off period from one trade to another.
I am sorry sir but I don't understand. I make a plan everyday on Tokyo open and after I find an entry I leave the station. Tokyo open is early morning here. So after a sound sleep I make a plan. Just like yesterday... I made a plan on yesterday Tokyo open (6 am local) and found an entry in the same session after 4 hour (10 am local). Then I left my station until today morning. Just took the screen shot of the completed trade in between some time. Is this against the rule?
  • #13,202
  • Feb 12, 2018 10:24pm Feb 12, 2018 10:24pm
Quoting dove_alliance
Let me clear this up with trades in a 24 hour period. That is 24 hours AFTER your last trade was completed (winner or loser). This means Ronin and Learn2fly your last trading plans are invalid. Learn to trade by the rules which includes the cool off period from one trade to another.
I had a question to explain the cool period. This had been explain a few times already so one more time:

I had explain you have to designate a trading session for yourself; and matters not which session you want to trade. What does matter is whatever session you chose is the session will trade forever. As an example:

Lets say you choose the Asia session which begins 17:00 EST every single trading day. Between 17:00 of opening to 17:00 the next day is 24 hours. You have 24 hours to created a plan, make an entry and close with a self-evaluation. If your trade closes during that 24 hours then you are finish for that period until the next 17:00 opening. You do not create another plan until your next session opening. If your trade runs over the 24 hours then you do not create another trading plan until the next day's opening of your session; for the simple reason you need to cool down before your next trade. You always create your trading plan at the opening of your session. If you wait hours after the opening to create your plan then it is too late which means; you have to wait until the next day. Once you have created a session for yourself you never trade outside of that session.
The Dove - Forex Trainer
  • #13,203
  • Feb 12, 2018 10:53pm Feb 12, 2018 10:53pm
Quoting Ronin303
{quote} I am sorry sir but I don't understand. I make a plan everyday on Tokyo open and after I find an entry I leave the station. Tokyo open is early morning here. So after a sound sleep I make a plan. Just like yesterday... I made a plan on yesterday Tokyo open (6 am local) and found an entry in the same session after 4 hour (10 am local). Then I left my station until today morning. Just took the screen shot of the completed trade in between some time. Is this against the rule?
I'm talking mostly about Learn2fly and I brought it to your attention as you have traded outside your trading session a few times in the past. Just a reminder.
The Dove - Forex Trainer
  • #13,204
  • Feb 12, 2018 11:22pm Feb 12, 2018 11:22pm
I will be busy for another couple of days so I suggest in studying the Fibo. I made it very clear last Friday that we are in a major consolidation because of the correction with the chart's Fibos. You traders that went long did so with the DB/SAR attached for the short with the H2 61.8 as resistance. Since the Market opened yesterday the H2 Fibo is showing resistance at the 61.8 and the 38.2 as support. I also suggest very strongly in staying away from the H1 chart. I cannot emphasize enough that the H1 is not a trading chart but only reference for confluence.
The Dove - Forex Trainer
  • #13,205
  • Feb 12, 2018 11:41pm Feb 12, 2018 11:41pm
Quoting dove_alliance
{quote} I'm talking mostly about Learn2fly and I brought it to your attention as you have traded outside your trading session a few times in the past. Just a reminder.
Understood sir, next time i will make my trading plan routine every morning in my local time which is tokyo open. Thank you Sir
I Will Never Give Up
  • #13,206
  • Edited 2:02am Feb 13, 2018 1:37am | Edited 2:02am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Trading Plan: EURJPY
Date (Local): 13.02.18
Time: 07:10 (Local) after Tokyo Open

Red News: no red news
Daily Open: 133.71
Previous day HIGH: 133.79
Previous day LOW: 132.88
Total pips for previous day: around 90 pips.

Daily:
ROMAR: Support
EMA: Resistance
PSAR: Resistance

Checklist:
Last MACD 0 Cross: Down around 5 candle ago.
Last EMA arrow: Down around 7 candle ago.
Last DB attachment: at 131.976; On bottom (so next could be at top) 3 candle ago with both divergence & lime green price tag at 00 fibo just below BB.
Last SAR attachment: On to with DB.
Fibo: Green for UP.
Notes: Market open above white with 4HM is blown down trend with EMA is on the moment of crossing ROMAR (and/or slide above ROMAR). Market is between 23.6 & 38.2 fibo. Daily romar is 77 pips away as well as below 23.6 is 30 pips


H4:

ROMAR: Resistance
EMA: Support/ Resistance (Purple is about to cross EMA for up)
PSAR: Support

Checklist:
Last MACD 0 Cross: --
Last EMA arrow:--
Last DB attachment: At 131.976 on bottom with both divergence & SAR at 00 fibo just above BB.
Last SAR attachment: at 133.776 on top with price tag
Fibo: Green for up.
Notes: Purple had crossed white, smooth & about to cross EMA to change the direction of 4 HM (and/or purple will slide under EMA for the continuation of the down trend) & make support where romar holding resistance. Both BB are converging. Romar is about 100 pips away.

H2:

Day Open Price: 133.51
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up about 12 candle ago
Last EMA arrow: Green for up at 6 candle before.
Last DB attachment: at 133.776 on Top with magenta divergence
Last SAR attachment: at 131.976 at bottom with DB , Both divergence & lime green price tag.
Fibo: Green for up
Notes: Market is between Romar & 4 HM where 4 HM sets for support & Romar holding as resistance around 60 pips away. Both BB are converging and / or becoming flat.

H1:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:
Last MACD 0 Cross: up
Last EMA arrow: Up
Last DB attachment: On top above romar
Fibo: Green for up
Notes: Purple is about to cross and/ or slide under the romar. Both BB’s are converging and / or flat for a break out.4 HM holding support with romar holding resistance.



Final Notes for all charts: Market is in consolidation so can think for trade on both side. Daily 4 HM holding blown down with romar holding resistance around 75 pips away. H2, H4 4 HM sets for Up with romar holding resistance. H2,H4 romar are 60 & 98 pips away respectively. H1, H2 & H4 ROMAR holding down trend with daily 4HM down. H1, H2 DB attached on top, H4 SAR attached on top influenced me to go short but H2 & H4 4HM tell me to go north but trade the trend & romar is the major trend so wait for the H2 romar trend trade when H1 syn with H2.
Notes for Adjustments: H1 4HM sliding under romar for continuation of down trend with parabola flipped.
Entry for Long:

Entry for Short: Will go short with covering daily H2 & H4 Romar as resistance at daily resistance and/ or H1, H2 slide & syn for continuation of down.
Entry: Go short at an open candle at 12:00 ( Local) below parabola & EMA with H2 DB on top which will further attached around 23.6 fibo & H4 SAR as well as H1 4HM sliding under purple for the continuation of down trend. Went short against the H2 & H4 4HM as resistance but DB/ SAR & daily 4HM influenced me to go short & the target is H2 23 fibo.
Result: Got my today’s +40 pips from the market as like dear SHINNY’s bread & butter.
Evaluation: I got the situation as lern 2 fly & ronin 303 took to go long but DB/SAR of H2 & H4 & also daily 4HM, Little pips gap up to H2 romar was discourages me to go long. "ALWAYS TRADE the trend & romar is the mejor trend ".
Expecting evaluation from master dove
Sorry for the fibo which is little bit change coz i am not at my trading station.
Thanks
Toil
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYproH2 Result.png Size: 75 KB
  • #13,207
  • Feb 13, 2018 1:40am Feb 13, 2018 1:40am
Here is my trading plan for the day that happens to illustrate Dana's recent posts.

DATE: 2-12-18 PAIR: EJ
DAILY:
ROMAR: Resistance (at EMA crossing)
EMA: Resistance
PSAR: Resistance
4Horsemen: Strong Down
Balance: Yes
Last MACD 0 Crossing: Dn
Last EMA Alert Arrow: Dn
Last DB Attachment: Bottom
Fibonacci: Up (@ 23.6 Resistance)
Notes: Consolidated Downtrend/Full Downtrend(when EMA crosses @ Open): EMA crossing ROMAR at Open making for a Full Blown Downtrend, Mkt also at 23.6 Resistance indicating Mkt will move South, BB expanding indicating move, Mkt @ Purple Resistance (will be at White @ Open, DB Support)

H4:
ROMAR: Resistance
EMA: Resistance
PSAR: Eliminated, Purple has crossed Smooth, Up
Last DB Attachment: Below, SAR on top
Fibonacci: Up @ 23.6 (Resistance)
Notes: Downtrend: Mkt @ PSAR which is holding Resistance but SAR has not moved over for a Short, BB constricting, No Support but 4horsemen.

H2:
ROMAR: Resistance
EMA: Support
PSAR: Support
4Horsemen: Purple crossed EMA Up
Balance: 3 Bars Out
Last MACD 0 Crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: Bottom, SAR on top
Fibonacci: Up
Notes: Consolidated Uptrend: SAR @ 133.625 holding Resistance just shy of 61.8 Resistance, 4horsemen tight with EMA, EMA presently Support with PSAR

H1:
ROMAR: Resistance
EMA: Support
PSAR: Support
4Horsemen: Up
Notes: Consolidated Uptrend: ROMAR holing Resistance, EMA Support, BB are flat

Final Notes: Consolidation: Mkt atop H2/H4 SARs indicating the Mkt @ extreme and will soon turn South, Yesterday's Mkt consolidated within a narrow 75 pip Range, so expect breakout, SARs are holding Resistance, H2 PSAR holding Support. I will wait for H2 PSAR to flip up for a Short Entry into ROMAR Downtrend and/or SARs moving over signaling a Short @ 61.8 fibo Resistance level.

News: Med. 8AM EST

Notes for Readjustment: 6 PM EST: H4 SAR moved over, H1 ROMAR hit, H2 SAR moved over and united with DB, Regular Divergence line attached @ Mkt 61.8 Resistance

Entry: Short @ 133.691 with New Daily Bar Open, 40 SL / 40 TP

Outcome: +40

Self-Evaluation: Entered with ROMAR trend after SARs on H2 & H4 moved over and H2 SAR united with DB @ 61.8 Resistance offering more confluence than I had expected. A nice surprise.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-12_1901ENTRY.png Size: 101 KB
  • #13,208
  • Feb 13, 2018 3:20am Feb 13, 2018 3:20am
Quoting Ronin303
{quote} Entry: Long at 133.630 for 40/40. Entered long on open candle near H2 Purple. TP below H2 ROMAR and SL below H2 parabolic. {image}
Result: SL hit (-40)

Self Evaluation: Very bad trade going against ROMAR trend specially on H2 61 fibo resistance with DB attachment which is already explained.
  • #13,209
  • Feb 13, 2018 5:14am Feb 13, 2018 5:14am
Attached Image (click to enlarge)
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  • #13,210
  • Feb 13, 2018 7:29am Feb 13, 2018 7:29am
Quoting toil
Trading Plan: EURJPY Date (Local): 13.02.18 Time: 07:10 (Local) after Tokyo Open Red News: no red news Daily Open: 133.71 Previous day HIGH: 133.79 Previous day LOW: 132.88 Total pips for previous day: around 90 pips. Daily: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last MACD 0 Cross: Down around 5 candle ago. Last EMA arrow: Down around 7 candle ago. Last DB attachment: at 131.976; On bottom (so next could be at top) 3 candle ago with both divergence & lime green price tag at 00 fibo just below BB. Last SAR attachment: On to with...
You need to go back and reread everything in how to post your trading plans "after the fact" - and post your plans exactly as I had explained it to you.
The Dove - Forex Trainer
  • #13,211
  • Feb 13, 2018 7:43am Feb 13, 2018 7:43am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting dove_alliance
{quote} You need to go back and reread everything in how to post your trading plans "after the fact" - and post your plans exactly as I had explained it to you.
Sorry master,
I have violated your rules with posting two charts, not mentioned rules for the entry as well as mentioned both long & short entry. I am extremely sorry for that & will re cover my mistake.
Thanks
Toil.
  • #13,212
  • Feb 13, 2018 2:30pm Feb 13, 2018 2:30pm
Quoting toil
{quote} Sorry master, I have violated your rules with posting two charts, not mentioned rules for the entry as well as mentioned both long & short entry. I am extremely sorry for that & will re cover my mistake. Thanks Toil.
Toil - lets try this again:
Step 1: You create a trading plan and you post your trading plan.

Step 2: At entry you include your SL and TP and immediately take a screenshot of your entry and save it in a folder.

Step 3: After your trade is completed you bring up a separate post and create your self-evaluation along with the rules for your trade. You then attach your screenshot of the entry you had saved in a folder; after the screenshot is attached then click "Post New Reply".

It's not complicated - pretty simple.
The Dove - Forex Trainer
  • #13,213
  • Edited 5:05pm Feb 13, 2018 3:18pm | Edited 5:05pm
Hello dear friends, here's my 'opposite' take on last night's Daily open - the simple task of having faith in the DBSAR when we are in major consolidation.

Session: EUR/JPY London 13/02/18

Daily: open above White.

ROMAR: Support
EMA: Resistance
Parabolic: Resistance

Notes: Horsemen down. DB / SAR down with Gold Divergence attach at 0.0 FIBO. Trend EMA arrow down. MACD zero cross arrow down. FIBO up. Horsemen down but EMA has not yet crossed ROMAR….

H4

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance/Support (just flipped)

Notes: Purple/EMA slider continued the downtrend. SAR now attached down after recent downtrend swing. FIBO up.

H2

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

Notes: Horsemen down after a period of Purple/EMA slider. DB / SAR down with Magenta and Green Divergence attach at 23.6 FIBO. MACD zero cross arrow down. Trend EMA arrow down. FIBO down.

H1

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

Notes: Market at 0.0 FIBO. FIBO up.

Final Notes: Major Consolidation, we trade between the DBSAR, higher or lower, between key FIBO levels as Dana has mentioned quite a few times in the last few days. H1 turning up at 0.0 FIBO, H2 DBSAR at 23.6 FIBO, H4 SAR – all confluence for a turn up, plus let’s not forget Daily ROMAR is still SUPPORT.

Adjustments: None

Long: Entered short (edit long!) position just after H2 10:00 candle open……….TP+40 SL 40.

Result: +40

H4

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH4 130218 1000hrs.png Size: 65 KB


H2

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 130218 1000hrs.png Size: 89 KB



Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #13,214
  • Feb 13, 2018 6:12pm Feb 13, 2018 6:12pm
TRADING PLAN
Date: 2/14/2018

News: 13.30 GMT (USD RED NEWS)

Daily:
ROMAR - Ressistance
EMA - Resistance
PSAR - Resistance

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

Notes: Market open above white resistance, ROMAR has become resistance, so D1 in full downtrend but Fibo is green

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

Notes: H4 full downtrend with fibo green. ROMAR out of trading zone, BB is flat

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB/SAR Attachment: SAR on top
Fibo : Up

Notes: On Tokyo open, PSAR has just flipped, but the EMA still resistance, and about to crossed Purple

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

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

Notes: H1 is consolidation with market between 4horsemen Support and ROMAR Resistance

Final Notes :
H2 is consolidation with 4horsemen turning for up, H4 still strong downtrend with SAR on bottom so next SAR on top
D1 has become full downtrend and open daily candle above White resistance
In this consolidation i will short from extreme, which is H2 DB attachment on top and/or H4 SAR on top

Projected Entry:
Short at H2 DB attached on top and/or at H4 PSAR+SAR
I Will Never Give Up
  • #13,215
  • Feb 13, 2018 6:52pm Feb 13, 2018 6:52pm
My Trading Plan: EURJPY

Date (Local): 14/02/2018
Time: Tokyo Open

Red News: 1330 (GMT) - USD - Core Retail Sales m/m

Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 131.976
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: Daily is in full downtrend with ROMAR. Last DB attachment was at bottom without SAR showing. Market opened in between White and Smooth just below 23.6 fibo.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 131.976
Last SAR attachment: Bottom at 132.508
Fibo: Up/Green

Notes: H4 is full down with DB attached on bottom and SAR attached on bottom on a higher low. Market opened just below EMA.


H2:

Day Open Price: 133.126
ROMAR: Resistance
EMA: Resistance
PSAR: Support (not fixed)

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Bottom at 132.508
Last SAR attachment: Top at 133.261
Fibo: Up/Green

Notes: H2 is in ranging mode with ROMAR down. SAR connected on top yesterday.


H1:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

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

Notes: 4 horsemen are up against ROMAR.


Final Notes: Market is in consolidation. Daily is in full downtrend but H2 entered to ranging mode. On H4 SAR connected on a HL

Entry for Long: ---

Entry for Short: Will be looking for short after DB is connected on top on H2 and market opened below EMA.
  • #13,216
  • Feb 13, 2018 7:36pm Feb 13, 2018 7:36pm
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Trading Plan: EURJPY
Date (Local): 14.02.18
Time: 06:40 (Local) afterTokyo Open

Red News: USD; at-19:30- CPI m/m, Core CPI m/m, Core Retail Sales m/m,
Retail Sales m/m. At 21:30- Crude Oil Inventories
Daily Open: 133.126
Previous day HIGH: 133.71
Previous day LOW: 132.50
Total pips for previous day: 120 Pips

Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:
Last MACD 0 Cross: Down around 6 candle ago
Last EMA arrow: Down around 8 candle down.
Last DB attachment: On bottom at 131.976 with both divergence & lime green price tag at 00 fibo just under the BB
Last SAR attachment: On top with DB at 137.49 around 10 candle ago.
Fibo: Green for up. market is between 00 & 23.6 fibo.
Notes: Market open above white with Romar, EMA & 4HM all are blown down trend. Last DB at bottom with both divergence . 38.2 fibo is just below the EMA and 95 pips gap & 23.6 ,smooth is within 45 pips where next support is long away.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance


Checklist:
Last MACD 0 Cross: --
Last EMA arrow:--
Last DB attachment: On bottom with both divergence & lime green price tag about 16 candle ago at 131.976
Last SAR attachment: on bottom about six candle ago 30 pips above the Lower BB at 132.508
Fibo: Green for up
Notes: Market is between 23.6 & 38.2 fibo where market is full down trend with both BB’s within the fibo. Upper BB is below the romar. Last SAR attached at bottom & also DB attached at bottom.

H2:


Day Open Price: 133.126
ROMAR: Resistance
EMA: Resistance
PSAR: Support / Resistance ( White purple crossed & parabola blinking but not fixed)
Checklist:
Last MACD 0 Cross: Up 3 candle ago
Last EMA arrow: Up six candle ago
Last DB attachment: DB at bottom 132.508 at 23.6 fibo
Last SAR attachment: on top at 61.8 fibo
Fibo: Green for up
Notes: market is romar down trend with purple had crossed smooth & about to crossed EMA where parabola flipped as support but not fixed. Last DB at bottom 23.6 fibo & SAR at 61.8 fibo without DB.

H1:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:
Last MACD 0 Cross: up 9 candle ago
Last EMA arrow: up 9 candle ago on the same candle MACD.
Last DB attachment: On top previous candle
Fibo: Green for up
Notes: Romar is down where 4 HM holding support. Db attached just below the romar above 61.8 fibo.

Final Notes for all charts: Daily romar ema crossing made the market fully down trend. Daily open above white & smooth & fibo holding near resistance & support is long away.
In H4 market open above smooth with SAR & DB Attached on below separately. In H2 market open above EMA with parabola is flipped but not fixed. Ema alert arrow comes then confirmed by MACD arrow. In H1 DB attached just below romar .EMA & MACD comes on same candle.
Thanks
Toil.
  • #13,217
  • Feb 13, 2018 7:48pm Feb 13, 2018 7:48pm
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting dove_alliance
{quote} Toil - lets try this again: Step 1: You create a trading plan and you post your trading plan. Step 2: At entry you include your SL and TP and immediately take a screenshot of your entry and save it in a folder. Step 3: After your trade is completed you bring up a separate post and create your self-evaluation along with the rules for your trade. You then attach your screenshot of the entry you had saved in a folder; after the screenshot is attached then click "Post New Reply". It's not complicated - pretty simple.
Many many thanks sir for correct me again. I got what you have advised me. I will be post next plan according to your mentioned format. Please sir keep me in your sight if i made any wrong.
Thanks
Toil.
  • #13,218
  • Feb 13, 2018 8:04pm Feb 13, 2018 8:04pm
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 14/02/2018 Time: Tokyo Open Red News: 1330 (GMT) - USD - Core Retail Sales m/m Daily: ROMAR: Resistance EMA: Resistance PSAR: Resistance Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: Bottom at 131.976 Last SAR attachment: With and under DB Fibo: Up/Green Notes: Daily is in full downtrend with ROMAR. Last DB attachment was at bottom without SAR showing. Market opened in between White and Smooth just below 23.6 fibo. H4: ROMAR: Resistance EMA: Resistance PSAR: Resistance Checklist:...
Adjustments: On H2 SAR attached on top at 61.8 fibo which is also Daily 23.6 fibo, H4 parabolic and H1 ROMAR. There is enough room for 40 pips up to 23.6 fibo on H2.

Final Entry: Entered short on open candle at 133.042 for 40/40 after H2 SAR attached on top at 61.8 fibo.

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-02-14-0600.png Size: 84 KB
  • #13,219
  • Feb 13, 2018 9:14pm Feb 13, 2018 9:14pm
Quoting Ronin303
{quote} Adjustments: On H2 SAR attached on top at 61.8 fibo which is also Daily 23.6 fibo, H4 parabolic and H1 ROMAR. There is enough room for 40 pips up to 23.6 fibo on H2. Final Entry: Entered short on open candle at 133.042 for 40/40 after H2 SAR attached on top at 61.8 fibo. {image}
Result: TP hit (+40)

Self Evaluation: TP hit very fast. And market did hit 23.6 fibo to connect the DB. I think senior traders took it on 61.8 fibo. But I made the entry on open candle as there was enough confluence.

Attached Image (click to enlarge)
Click to Enlarge Name: Result EJ H2 2018-02-14-0600.png Size: 85 KB
  • #13,220
  • Feb 13, 2018 9:43pm Feb 13, 2018 9:43pm
Quoting learn2fly
TRADING PLAN Date: 2/14/2018 News: 13.30 GMT (USD RED NEWS) Daily: ROMAR - Ressistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing : Down Last EMA Alert Arrow : Down Last DB/SAR Attachment: DB attached on bottom with both divergence Fibo : Up Notes: Market open above white resistance, ROMAR has become resistance, so D1 in full downtrend but Fibo is green 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Last DB/SAR Attachment: SAR on bottom Fibo : Up Notes: H4 full downtrend with fibo green. ROMAR out of trading...
Market do retrace to H4 PSAR and H2 SAR relocate to new high at 61.8 fibo confluence with H1 ROMAR resistance, very good confluence, but because it was mid candle, so i missed that trade then when the market open new candle, it has been on the middle so i did not take it
After that there are adjustment to my trading plan:
1. H2 DB and SAR attached on bottom at Fibo 23.6 below PSAR Support with Both divergence attached
2. H4 SAR relocated to new low with Gold divergence
3. H1 market reach Fibo 0
So i make long trade from that confluence
Entry:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-14-18 at 10.45 AM.PNG Size: 85 KB

Rules:
1. In consolidation trade from extreme top or bottom, DB and SAR will keep you on the right trade
2. PSAR no where from EMA for the flipping
I Will Never Give Up
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