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The Paradox System

  • #13,881
  • May 9, 2018 5:44pm May 9, 2018 5:44pm
Quoting Ronin303
{quote} Result: TP hit (+40) Self Evaluation: Entry was one H2 candle early. Proper entry should be next candle after my entry where H2 EMA crossed Purple for up. {image}
OK Ronin - all posting including trading plans, entries, and evaluations are now after the fact. from now on make your postings after the trade is complete. Traders will no longer use your hard work to benefit their own ego or make profit from your trades. You have been doing some very excellent work. I am proud of you.
The Dove - Forex Trainer
  • #13,882
  • May 9, 2018 6:57pm May 9, 2018 6:57pm
Quoting dove_alliance
{quote} OK Ronin - all posting including trading plans, entries, and evaluations are now after the fact. from now on make your postings after the trade is complete. Traders will no longer use your hard work to benefit their own ego or make profit from your trades. You have been doing some very excellent work. I am proud of you.
Thank you very much Dove for your appreciation. It means a lot to me. It is an honor to be your student. I will do accordingly as you have told. I will try to keep posting my trades after the fact until I am successful.

Best Regards,
Ronin
  • #13,883
  • May 10, 2018 1:35am May 10, 2018 1:35am
TRADING PLAN (All times GMT+2)
Date: 10-05-2018 (08:00)
News: 14:30

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB/SAR Attachment - Bottom @129.222
Fibo - Up

Notes: Full downtrend

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

Check List:
Last DB/SAR Attachment - Top @130.474
Fibo - Up

Notes: 4 horsemen up. H4 in consolidated uptrend.

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

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - UP
Last DB/SAR Attachment - Top @130.474
Fibo - Up

Notes: H2 consolidating. Purple crossed White up and at crossing with Smooth. Market inbetween EMA and ROMAR with a spread of about 38 pips. EMA sliding under Purple

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

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

Notes: 4 horsemen up. H1 in full uptrend

Final Notes: ROMAR out of sync on the charts. Market in consolidation. H1 and H4 horsemen already in uptrend, with H2 horsemen setting up possibly looking for a push up. Trades can be both ways but will look for long off support.

Projected Entry: Long at H2 EMA/PSAR
Don't be afraid; just believe.
  • #13,884
  • May 10, 2018 3:08am May 10, 2018 3:08am
Quoting OneZed
TRADING PLAN (All times GMT+2) Date: 10-05-2018 (08:00) News: 14:30 Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB/SAR Attachment - Bottom @129.222 Fibo - Up Notes: Full downtrend 4 HR: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last DB/SAR Attachment - Top @130.474 Fibo - Up Notes: 4 horsemen up. H4 in consolidated uptrend. 2 HR: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - UP...
Did not get retracement to support in plan and market pushed up above Fibo high.

Adjustments: H2 Fibo has flipped. Green divergence attached to top of previous candle. Market open below ROMAR resistance

Entry: Short at H2 candle open.

Rule(s): In consolidation trade from resistance to support and vice-versa.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2_10-5-18.png Size: 79 KB
Don't be afraid; just believe.
  • #13,885
  • May 10, 2018 7:31am May 10, 2018 7:31am
Quoting OneZed
{quote} Did not get retracement to support in plan and market pushed up above Fibo high. Adjustments: H2 Fibo has flipped. Green divergence attached to top of previous candle. Market open below ROMAR resistance Entry: Short at H2 candle open. Rule(s): In consolidation trade from resistance to support and vice-versa. {image}
Result: +24 pips

Self Evaluation: Trade failed. Trade closed 5 minutes before news release. Entry was from resistance but there was not enough spread to support.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2_10-5-18_Exit.png Size: 77 KB
Don't be afraid; just believe.
  • #13,886
  • May 10, 2018 11:11am May 10, 2018 11:11am
My first trading plan:
Date: 10.5.2018
EUR/JPY
GMT+2=18:11, after red news

DAILY
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD alert - down
Last EMA alert - down
Last DB Attachment - Bottom at 129.222 with SAR
Last SAR Attachment - Top at 130.751
Fibo - green

Notes: Downtrend, DB/SAR attached at 0.0 Fibo

4HR
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last DB/SAR Attachment - Top at 130.751
Fibo - green

Notes: 4 horsemen up, white at the crossing of purple for the down, DB/SAR connected at 130.751 with green dash-dot divergence

2HR
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD alert - up
Last EMA alert - up
Last DB/SAR Attachment - top at130.751
Fibo - red

Notes: 4 horsemen up, but against ROMAR resistance. DB/SAR connected with magenta and green divergence and magenta pricebox. BBs are closing in.

1 HR
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD alert - Down
Last EMA alert - up (not set in stone)
Fibo - red
Notes: white, smooth crossed purple for the down

Final notes: Consolidation, Daily down, H4 horsemen up, H2 horsemen up, white, smooth crossed purple on H1.
Projected entry: short of H2 resistance. Waiting for (possibly) purple to cross white and open candle below smooth/EMA on H2.
I would not go long at this moment.
  • #13,887
  • May 10, 2018 12:31pm May 10, 2018 12:31pm
My Trading Plan: EURJPY

Date (Local): 10/05/2018
Time: Tokyo Open

Red News:
1230 (GMT) - USD - Core CPI m/m


Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 129.222
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: Daily is in strong down. Yesterday market retraced up to Smooth. Today candle opened just below Smooth and 23.6 fibo.


H4:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last DB attachment: Top at 130.474
Last SAR attachment: With and under DB
Fibo: Green/Up

Notes: 4 horsemen are up with EMA against ROMAR. DB attached on top below ROMAR yesterday with thistle price tag. Candle opened on Purple.


H2:

Day Open Price: 130.031
ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 130.474
Last SAR attachment: Bottom at 129.893
Fibo: Green/Up

Notes: ROMAR is resistance. EMA is support. White and Smooth crossed Purple for down. DB attached on top at ROMAR. SAR is attached on bottom little bit above Parabolic. Candle opened just below Purple and just above 61.8 fibo.


H1:

ROMAR: Support
EMA: Support
PSAR: Resistance

Checklist:

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

Notes: Purple, White, Smooth, EMA, ROMAR are all together. Parabolic is resistance. Candle opened above Purple.


Final Notes: Market is in complex consolidation. Daily opened just below Smooth resistance. In H4 4 horsemen are up against ROMAR. In H2 SAR connected on bottom and EMA and Parabolic is support but Purple is resistance. 61.8 fibo on H2 is holding support.

Entry for Long: Will be looking for long if H2 couldn’t go below EMA and H1 Parabolic flips to support.

Entry for Short: ---

Adjustments: No adjustments. H1 parabolic flips to support. H2 candle opens above Purple and Smooth indicating EMA Purple slider. Decided to go long at this open candle. Daily EMA or H4 ROMAR is the target.

Final Entry: Long at 130.201 for 40/40

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-05-10-1000.png Size: 75 KB


Result: TP hit (+40)

Self Evaluation: H2 was in down swing. H2 didn’t open below EMA or even below Smooth. EMA in H4, H2 and H1 was holding support. This was a second approach to H2 ROMAR with more power of 4 horsemen. In Daily after a strong downward movement up to near lower BB and 100.0 fibo, retraces up to EMA was expected with confluence of H4 and H2 4 horsemen. Overall I personally think it was a good trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Result EJ H2 2018-05-10-1000.png Size: 75 KB
  • #13,888
  • May 11, 2018 1:36am May 11, 2018 1:36am
TRADING PLAN (All times GMT+2)
Date: 11-05-2018 (08:00)
News: 15:15

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB/SAR Attachment - Bottom @129.222 / Top @130.751
Fibo - Up

Notes: In full downtrend with Purple at White crossing.

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

Check List:
Last DB/SAR Attachment - Top @130.751
Fibo - Up

Notes: 4 horsemen in uptrend opposite ROMAR trend H4 consolidating.

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

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB/SAR Attachment - Top @130.751 / Bottom @130.193
Fibo - Down

Notes: MACD crossed down on last candle. Purple crossed White and Smooth for the down.

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

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

Notes: Purple crossed White/Smooth up. EMA still on top of White/Smooth

Final Notes: Overall market in consolidation. H2 ROMAR is still resistance. With Purple crossing White/Smooth for the down, EMA below ROMAR may slider back to ROMAR trend.

Entry: Short ROMAR resistance at H2 candle open.

Rule(s): In consolidation: The 2 hour is your trading/trend chart; You can trade either short or long; Trade from resistance to support and vice-versa.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2_11-05-2018.png Size: 74 KB
Don't be afraid; just believe.
  • #13,889
  • May 11, 2018 3:03am May 11, 2018 3:03am
Adjustments: No adjustments.

Final Entry: Short at 130.185 for 40/40

Notes: H1 touched lower BB and retraced to ROMAR. H2 EMA MACD alerts down. Open below EMA, EMA at the crossing of purple. PSAR flipped for down. Waited 16 hours to pull the trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 56 KB
  • #13,890
  • May 11, 2018 4:12am May 11, 2018 4:12am
My Trading Plan: EURJPY

Date (Local): 11/05/2018
Time: Tokyo Open

Red News:
1315 (GMT) - USD – ECB President Draghi Speaks


Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 129.222
Last SAR attachment: Top at 130.751
Fibo: Up/Green

Notes: Daily is in strong down. SAR is connected on top near EMA. Yesterday market touched EMA. Today market opened above Smooth and White is on Purple.


H4:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last DB attachment: Top at 130.751
Last SAR attachment: With and under DB
Fibo: Green/Up

Notes: 4 horsemen are up against ROMAR. DB connected on top below ROMAR on 61.8 fibo. Candle opened on White.


H2:

Day Open Price: 130.366
ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 130.751
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: 4 horsemen are up against ROMAR but White is above Purple. EMA is very close to ROMAR. Market is in constricted consolidation. Candle opened in between EMA and ROMAR on 23.6 fibo.


H1:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

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

Notes: Purple, White, Smooth, EMA and Parabolic are all together. EMA is on Parabolic. Market opened in between Smooth and EMA.


Final Notes: Market is in consolidation. Daily SAR is connected on top near EMA. H4 DB connected on top at 61.8 fibo. In H2 ROMAR is still resistance but EMA is near ROMAR and Purple is above ROMAR.

Entry for Long: ---

Entry for Short: Will be looking for short if H2 White and Smooth cross Purple for down and candle opens below EMA with Parabolic flip.

Adjustments: H2 EMA holding support and SAR connected at bottom near Parabolic. H1 Parabolic flipped to support and turning for up. Decided to go long on this candle. H4 ROMAR is the target.

Final Entry: Long at 130.420 for 40/40

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-05-11-1200.png Size: 74 KB


Result: SL hit (-40)

Self Evaluation: SL hit in a single H2 candle. H4 DB was on top but below ROMAR. H2 SAR connected on bottom near Parabolic. Daily SAR connected on top but was below Parabolic and even below EMA. After H1 Parabolic flip and turning horsemen for up I thought it was a good setup to go long targeting H4 ROMAR and Daily SAR to go HH. It may happen later but I forgot a very important rule: “Never anticipate EMA ROMAR crossing when they are near specially on H2”. In H2 ROMAR was resistance and EMA was support and they were very near running parallel. In this situation, to take a long, ROMAR must cross EMA for up and to take short, candle must open below EMA and Parabolic should be flipped. So, I anticipated my plan and broke a very important rule. Bad entry. Lesson learned.

Attached Image (click to enlarge)
Click to Enlarge Name: Result EJ H2 2018-05-11-1200.png Size: 76 KB
  • #13,891
  • Edited 5:47am May 11, 2018 5:36am | Edited 5:47am
Quoting entropic
Adjustments: No adjustments. Final Entry: Short at 130.185 for 40/40 Notes: H1 touched lower BB and retraced to ROMAR. H2 EMA MACD alerts down. Open below EMA, EMA at the crossing of purple. PSAR flipped for down. Waited 16 hours to pull the trigger. {image}
Result: SL hit

Self Evaluation: Never anticipate. Should have waited on the next candle and not take a trade in mid-air. Still learning.
  • #13,892
  • May 11, 2018 8:17am May 11, 2018 8:17am
Quoting OneZed
TRADING PLAN (All times GMT+2) Date: 11-05-2018 (08:00) News: 15:15 Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB/SAR Attachment - Bottom @129.222 / Top @130.751 Fibo - Up Notes: In full downtrend with Purple at White crossing. 4 HR: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last DB/SAR Attachment - Top @130.751 Fibo - Up Notes: 4 horsemen in uptrend opposite ROMAR trend H4 consolidating. 2 HR: ROMAR - Resistance EMA - Support PSAR - Eliminated...
Result: -19 pips

Self Evaluation: Trade failed. Trade closed 5 minutes before Red News. It seemed like an ok trade at entry trading from ROMAR resistance with lower BB down below as support. Almost hit TP and bounced up.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2_11-05-2018b.png Size: 74 KB
Don't be afraid; just believe.
  • #13,893
  • May 13, 2018 4:08pm May 13, 2018 4:08pm
Could someone please advise me, for some reason my Daily has lost it's SAR:

Which server should I be on? I am on Forex.comGlobalCN-Demo 7...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #13,894
  • May 14, 2018 1:38am May 14, 2018 1:38am
TRADING PLAN (All times GMT+2)
Date: 14-05-18 (08:00)
News:

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB/SAR Attachment - Bottom @129.222 / Top of current candle
Fibo - Up

Notes: Purple crossed White and Smooth opposite ROMAR trend. PSAR eliminated. SAR attached. Daily open above EMA without Smooth/White cross and MACD still down. Daily consolidating.

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

Check List:
Last DB/SAR Attachment - Top of current candle
Fibo - Down

Notes: Horsemen in uptrend opposite ROMAR trend. Fibo has flipped. Market open just under ROMAR

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

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB/SAR Attachment - Top @current candle
Fibo - Down

Notes: 4 horsemen up. H2 in full uptrend. Green divergence attached.

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

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

Notes: H1 in full uptrend

Final Notes: Overall market is in consolidation. On Daily SAR attached and is just below PSAR. H2 bumped last Fibo high and green divergence attached. In consolidation trades are both ways. With Green divergence attaching looking for a short, retracement towards ROMAR.

Entry: Short H2 candle open. Fibo high is resistance.

Rule(s): In consolidation: The 2 hour is your trading/trend chart; You can trade either short or long in consolidation; Trade from resistance to support and vice-versa.
Support and Resistance: The 2 hour Fibo determines cycles for high/low support and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2_14-05-18.png Size: 76 KB
Don't be afraid; just believe.
  • #13,895
  • May 14, 2018 2:37am May 14, 2018 2:37am
Quoting DotDom
Could someone please advise me, for some reason my Daily has lost it's SAR: Which server should I be on? I am on Forex.comGlobalCN-Demo 7... {image}
Your daily looks different to mine, mine has SAR attached. I use Forex.com-Demo(R).
  • #13,896
  • May 14, 2018 4:00am May 14, 2018 4:00am
Quoting OneZed
TRADING PLAN (All times GMT+2) Date: 14-05-18 (08:00) News: Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Up Last DB/SAR Attachment - Bottom @129.222 / Top of current candle Fibo - Up Notes: Purple crossed White and Smooth opposite ROMAR trend. PSAR eliminated. SAR attached. Daily open above EMA without Smooth/White cross and MACD still down. Daily consolidating. 4 HR: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last DB/SAR Attachment - Top of current candle...
Result: SL -40 hit

Self Evaluation: Was a bad idea taking short with 4 horsemen up on H1 and H2, and against ROMAR trend even though we were in consolidation. The risk of a breakout exist and market broke out north.
Don't be afraid; just believe.
  • #13,897
  • May 14, 2018 4:19am May 14, 2018 4:19am
My Trading Plan: EURJPY

Date (Local): 14/05/2018
Time: Tokyo Open

Red News:
No red news.


Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Up
Last DB attachment: Bottom at 129.222
Last SAR attachment: Top at 130.751
Fibo: Up/Green

Notes: White and Smooth crossed Purple for up. Last SAR attachment was on top at 130.751 which is below EMA. It seems after a downtrend Daily is in an upswing. Candle opened just above EMA.


H4:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last DB attachment: Top at 130.751
Last SAR attachment: Top at 130.723
Fibo: Green/Up

Notes: H4 is heading for 100.0 fibo. After DB on top, SAR attached on bottom at Parabolic and then top again to a LH. 4 horsemen along with EMA are up against ROMAR resistance. Candle opened above Purple.


H2:

Day Open Price: 130.584
ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 130.723
Last SAR attachment: With and under DB
Fibo: Red/Down

Notes: ROMAR is now support and 4 horsemen along with EMA are up. Candle opened above Purple.


H1:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

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

Notes: After a down swing H1 is turning for up. White and Smooth crossed Purple for up again. Candle opened above Purple.


Final Notes: Daily is turning for up or may be an upswing. Daily SAR is on top below EMA. So SAR connection to HH is expected. Daily opened just above EMA. On H2 ROMAR become support and 4 horsemen are up along with EMA. H2 candle opened just above Purple. In H1 White and Smooth crossed Purple for up.

Entry for Long: Will go long from support.

Entry for Short: ---

Adjustments: No adjustments. Decided to go long on this new candle on Daily open.

Final Entry: Long at 130.672 for 40/40

Rules: SAR attachment below EMA is an indication of reversal. H1 and H2 should be in sync. Long trade should be from support.

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-05-14-0600.png Size: 76 KB


Result: TP hit (+40)

Self Evaluation: Not a single H2 or H1 candle opened below my entry point. I was worried about Daily Parabolic but it was eliminated and White and Smooth crossed Purple for up and also Daily opened above EMA. So that was my confluence along with H2 and H1 sync for up. But I don’t know if it was a good / safe trade or not.

Attached Image (click to enlarge)
Click to Enlarge Name: Result EJ H2 2018-05-14-0600.png Size: 71 KB
  • #13,898
  • May 14, 2018 8:46am May 14, 2018 8:46am
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 14/05/2018 Time: Tokyo Open Red News: No red news. Daily: ROMAR: Resistance EMA: Resistance PSAR: Resistance Checklist: Last MACD 0 Cross: Down Last EMA arrow: Up Last DB attachment: Bottom at 129.222 Last SAR attachment: Top at 130.751 Fibo: Up/Green Notes: White and Smooth crossed Purple for up. Last SAR attachment was on top at 130.751 which is below EMA. It seems after a downtrend Daily is in an upswing. Candle opened just above EMA. H4: ROMAR: Resistance EMA: Support PSAR: Support Checklist: Last DB attachment:...
Hey Ronin!

I really enjoy reading your plans, I appreciate that you keep on posting them!

I saw the market the same time you wrote your plan and I completely closed out any potential to go long due the the H4 ROMAR resistance. There was not 40 pips to the H4 ROMAR and that made me miss an opportunity.

Now, my question follows: How did you know the market would blast through H4 ROMAR? How did you know it would reach Fibonacci 100?

Thank you!
  • #13,899
  • May 14, 2018 10:44am May 14, 2018 10:44am
Quoting TyD
{quote} Hey Ronin! I really enjoy reading your plans, I appreciate that you keep on posting them! I saw the market the same time you wrote your plan and I completely closed out any potential to go long due the the H4 ROMAR resistance. There was not 40 pips to the H4 ROMAR and that made me miss an opportunity. Now, my question follows: How did you know the market would blast through H4 ROMAR? How did you know it would reach Fibonacci 100? Thank you!
Hi,

I may not have enough knowledge to answer your question properly. But let me ask you something in return. .. If the market has to honor H4 ROMAR, how many supports the market had to break to go to the other way? So where was the confluence? H4 ROMAR was alone there. There was not any other resistance on the same place on any charts to support it. And H4 ROMAR is still resistance.

THIS IS ONLY MY OBSERVATION AND I AM STILL LEARNING.

Regards,
Ronin
  • #13,900
  • May 14, 2018 11:17am May 14, 2018 11:17am
Quoting Ronin303
{quote} Hi, I may not have enough knowledge to answer your question properly. But let me ask you something in return. .. If the market has to honor H4 ROMAR, how many supports the market had to break to go to the other way? So where was the confluence? H4 ROMAR was alone there. There was not any other resistance on the same place on any charts to support it. And H4 ROMAR is still resistance. THIS IS ONLY MY OBSERVATION AND I AM STILL LEARNING. Regards, Ronin
Thank you for the reply and I completely understand that you're not willing to risk misinforming me and other traders.

I am not sure that I understand everything you said. I think I understood that you said that the H4 ROMAR is the only resistance at that level, and due to being the only resistance at that level, the trend is stronger and has more power to break through it. Did I understand that correctly?

Now, I did not fully understand what you meant with the following statement.

Quote
If the market has to honor H4 ROMAR, how many supports the market had to break to go to the other way?

Once again, thank you for your time and reply
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