trade of today ! Thank Dove! {image} {image}
- #705
- Jan 29, 2016 1:26am Jan 29, 2016 1:26am
- Joined Nov 2008 | Status: Trader | 4,830 Posts
{quote} I took the same entry. It doesn't look as good looking back right now beacuse of the price pop making the charts look tight, but it was a good entry - just had to be patient.
Hey shinny:
When I was looking at these charts 14hrs ago, the H2 was fairly clear but H1 was a different story. You could barely see the lines underneath the PURPLE line. So I used the Data window and noted the values. That ensured that indeed they WHITE and SMOOTH where just beneath the PURPLE. Other than that the rest was eazy peezy. At that time a FIB was below the purple and once price hit it I placed the trade with the SL and TP, turned off the PC and went on my way. I didn't see the results till 14hrs later.
The key is to identify what the EMA/ROMAR and PURPLE/EMA are doing in each TF. That gives you right off the bat whether they are all in agreement.
Then identify what is support and resistance from the appropriate lines (ROMAR/EMA etc).
Then head over to the H2 and see if it agrees with the H1, All the time having in mind the support/resistance I found earlier.
Now the scenarios we have are a TREND or CONSOLIDATION
IF Consolidation then:
See if H1/H2 agree with all the appropriate lines playing there parts (SMOOTH under PURPLER etc)
If there is agreement then look for a trade at appropriate support/resistance on H1 chart
IF TRENDING situation
Again Look at H1/H2 for agreement and look at the lines and how they play there part
if these are in agreement then attempts can be made at support/resistance of H1.
Goes without saying.. always look at the lines and what their roles are. For example take the Trending case, if I see that the smooth crosses the PURPLE up then I don't do anything. So you keep vigilant..
Anyhow, it seems complicated but it is not. It's just several ideas that are working in concert. Like I said folks can start looking at post 49 and just first understand how each of those lines place their respective parts, then start to look at the big picture by applying that simple trading plan that is provided.
Ok, I am done here... Take care all and good luck. Keep in mind that all is well. Don't let the losses nor the wins affect your state of being. Your objective for this en-devour is one thing and one thing only. To be the BEST TRADER in the UNIVERSE!! LOL. For if you attain that.. then you will be able to say... let them take whatever they want... they can even leave me broke with nothing... cause I know I can easily get it all back
If I can be of assistance PM me.
take care and put a smile , cause your all superstars..PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
{quote} PAGE 2: Under Rules For This System. Rule 4 - Never, ever trade in a volatile market. Once you get the Spread in a 1.8 2.0+; is because of some unknown reason and you could be in trouble with the wrong trade. I recommend to never be trading in a major news release. If you are in a trade before a major release then take profit at the minimum of 5 minutes before the release.
- #709
- Jan 29, 2016 2:29am Jan 29, 2016 2:29am
{quote} Hey shinny: When I was looking at these charts 14hrs ago, the H2 was fairly clear but H1 was a different story. You could barely see the lines underneath the PURPLE line. So I used the Data window and noted the values. That ensured that indeed they WHITE and SMOOTH where just beneath the PURPLE. Other than that the rest was eazy peezy. At that time a FIB was below the purple and once price hit it I placed the trade with the SL and TP, turned off the PC and went on my way. I didn't see the results till 14hrs later. The key is to identify...
Nobody can be told what The Matrix is. You'll have to see it yourself.
- #712
- Jan 29, 2016 5:08am Jan 29, 2016 5:08am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
sir good morning PATIENCEFX thanks for you give me suggestion but sir i do all of your instruction wnen i open as you eur usd chart then i right clik on chart i open template [which template salet here] here i seen 1 save template 2 remove template 3 load template adax bolinger bands momentum volume willeyer papular..... sir which i select help me. kedarnath prayer for u sir PATIENCEFX all indicatior copy done where i paste selected inicatior .sir as dove instruction 1st step open file>open data folder>template open>copy all >paste.......????? where[here...
- #720
- Jan 29, 2016 7:14am Jan 29, 2016 7:14am
- Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
The Dove - Forex Trainer