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  • #1,341
  • Feb 3, 2016 2:09am Feb 3, 2016 2:09am
Quoting Ronald123
{quote} Congrats with your 20 pips profit trade!
tnx Ronald,
but all congratulations go to Dove...I wouldn't have guts before to take that trade, now Dove gave us fabulous tool and way of thinking
  • #1,342
  • Feb 3, 2016 2:13am Feb 3, 2016 2:13am
Quoting stevox
h1: Romar support, parabolic support, ema support Notes : Parabolic flipped,purple cross ema, showing uptrend h2:Romar support, parabolic resistance, ema support Notes: Price might break parabolic and flip D1: Romar Support, parabolic support, ema support Notes: 4 Horsemen showing strong uptrend, with Romar as potential support Trading plan: wait till the h2 parabolic flip, enter a potential buy on the next h2 bar. Does this sound ok? {image} {image} {image} Edited: H2 : did not break parabolic, trade plan not valid.
Looking back at my previous post hours back, i realise i actually missed out on a great opportunity to sell. In one of Dove's earlier example, Romar is considered a resistance not a support as ema has not crossed it on the Daily. On the other hand, he mentioned when white cross purple and parabolic is on the opposite side, 2 things will happen 1) bounce off parabolic (happened) 2) break parabolic with open candle on other side. In this case it bounced off the parabolic on the h2 chart, instinctively i should have entered a short.
  • #1,343
  • Feb 3, 2016 2:18am Feb 3, 2016 2:18am
Quoting snfx
took 20 pips last night from short, but I would like to share interesting long trade, it was wery agresive entry based on appreciation of fact that Daily Romar is seriously threatened, and fact that price bounce of H2 romar and was slightly under Daily Smoth. so 1/2 long at 130,559 and another half at 130,532; around 130,680 move stops to BE because of high possibility to turn against me, around 130,800 move stops to +10, and few minutes later to +20, on 130,898 SAR appear on H1 so moved stops to +30, first half taken out in few minutes with +30...
what was the basis on your entry? i don't think this entry applies to any of Dove's teachings, the market could have gone even further and break the h2 Romar, there was no confirmation.
  • #1,344
  • Feb 3, 2016 2:20am Feb 3, 2016 2:20am
Quoting snfx
took 20 pips last night from short, but I would like to share interesting long trade, it was wery agresive entry based on appreciation of fact that Daily Romar is seriously threatened, and fact that price bounce of H2 romar and was slightly under Daily Smoth. so 1/2 long at 130,559 and another half at 130,532; around 130,680 move stops to BE because of high possibility to turn against me, around 130,800 move stops to +10, and few minutes later to +20, on 130,898 SAR appear on H1 so moved stops to +30, first half taken out in few minutes with +30...
I was looking at that long too but decided not to take it at that time as the psar hadnt flipped and ema was still in down trend.
  • #1,345
  • Feb 3, 2016 2:40am Feb 3, 2016 2:40am
Quoting stevox
{quote} what was the basis on your entry? i don't think this entry applies to any of Dove's teachings, the market could have gone even further and break the h2 Romar, there was no confirmation.
I was thinking that there is a lot of indecision on market and take chance to profit from it.. my main reason was confluence of Smooth and Romar
edit: in adition to previous if You think for a moment Romar on H2 surely will not be so easy obstacle to down and add to that strong 4 horsmen on Daily...price at right level... so I take trade
  • #1,346
  • Feb 3, 2016 2:50am Feb 3, 2016 2:50am
Quoting snfx
{quote} I was thinking that there is a lot of indecision on market and take chance to profit from it.. my main reason was confluence of Smooth and Romar edit: in adition to previous if You think for a moment Romar on H2 surely will not be so easy obstacle to down and add to that strong 4 horsmen on Daily...price at right level... so I take trade
Had the smooth crossed the purlpe when you took the trade on the 2h?
  • #1,347
  • Feb 3, 2016 3:28am Feb 3, 2016 3:28am
Quoting tonybrou
{quote} Had the smooth crossed the purlpe when you took the trade on the 2h?
No it did not, h1 and h2 had 4 horsemen lining on the downside. For Daily, the Romar changes to support only if the ema crosses it so it is a resistance. So basically:
D1: Romar resistance
  • #1,348
  • Feb 3, 2016 4:58am Feb 3, 2016 4:58am
Just came on thread. Studying..... Thanks Mr Dove & God bless you.
  • #1,349
  • Feb 3, 2016 5:18am Feb 3, 2016 5:18am
has anyone pulled the trigger on a trade today explicitly using the rules of the system?

I didnt see any today but I am just trying to work out if I missed something

TIA
  • #1,350
  • Edited 6:11am Feb 3, 2016 5:41am | Edited 6:11am
Hello,
Firstly I am forex noob so dont follow me please!

here is mine trading plan, and I will be very thankful for any recommendations from you.


ROMAR on Daily going up?
ROMAR on 2H - straight
ROMAR on 1H down
that means market is in consolidation

2H chart
Opening at 130.519
ROMAR - support
SMOOTH - resistance
EMA resistance
4 horsemen are in downtrend, also psar
white will maybe in next hour go to cross purple = change in trend? but if not then we still have downtrend


1H chart
ROMAR - resistance
SMOOTH - resistance
EMA - resistance
Market is in conolidation,
white cross purple = close all trades
ema above romar = downtrend
white and smooth cross purple = downtrend?

Daily chart
ROMAR is resistance
SMOOTH - support
EMA - support
smooth is < than purple uptrend

For me market is in big consolidation and we have to wait for downtrend on 2H chart for White and Smooth to cross purple before trade (and there is big limitations for uptrend, almost no chance in next 2 hours?)
1h and 2h is not sync so we have consolidation now, and that also means that we have to wait for those two charts to sync...
spread is 2.2 right now that is too much...
ema > purple downtrend in swing...

thank you for any comments, recommendations, proporsals, ideas. Please tell me what i did wrong, what else should i look for etc.

  • #1,351
  • Feb 3, 2016 5:44am Feb 3, 2016 5:44am
My Trading plan as of 11:32 GMT

Daily Chart
ROMAR is flat but acting as resistance
Price is bouncing off BB , possibly down to EMA because we have the 4 horsemen in an uptrend.

2 Hour Chart
ROMAR is again flat, but this time acting as support. Market is consolidating.
4 Horsemen are in a downward trend and a new swing low has been created by the DB and SAR

1 Hour Chart
ROMAR is down and acting as Resistance
white and smooth have just crossed purple indicating a continuation of the downwards trend. The EMA is also still above purple.
DB and SAR are again together on a new swing low.

My current plan is to follow the apparent downwards trend and enter a 20 point short trade when the price hits the EMA on the 1-hour chart or a new SAR swing high is created. I am also looking for the price on the 2-hour chart to retract back to the smooth before entering.

All comments regarding my plan are welcome

Dove, is it best to wait for a clear trend to show on the daily / 2 hour ROMAR before taking any trade?
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  • #1,352
  • Feb 3, 2016 6:29am Feb 3, 2016 6:29am
Quoting blarking94
My Trading plan as of 11:32 GMT Daily Chart ROMAR is flat but acting as resistance Price is bouncing off BB , possibly down to EMA because we have the 4 horsemen in an uptrend. 2 Hour Chart ROMAR is again flat, but this time acting as support. Market is consolidating. 4 Horsemen are in a downward trend and a new swing low has been created by the DB and SAR 1 Hour Chart ROMAR is down and acting as Resistance white and smooth have just crossed purple indicating a continuation of the downwards trend. The EMA is also still above purple. DB and SAR are...
The market is in consolidation. We have to wait. If it goes higher then it completly changes its course upwards. I wouldn't take a short position on retrace now. I'd prefer a long position but now its premature. The market is turning up but if it continues its trend downward or goes higher time will tell.
  • #1,353
  • Feb 3, 2016 6:33am Feb 3, 2016 6:33am
Quoting tonybrou
has anyone pulled the trigger on a trade today explicitly using the rules of the system? I didnt see any today but I am just trying to work out if I missed something TIA
YES, got 40 pips on a pullback earlier on the 2hour chart. the candle kissed the EMA and turned back , consistent with the downtrend. exit was on the ROMAR.
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  • #1,354
  • Feb 3, 2016 6:50am Feb 3, 2016 6:50am
Quoting dinkydau147
{quote} YES, got 40 pips on a pullback earlier on the 2hour chart. the candle kissed the EMA and turned back , consistent with the downtrend. exit was on the ROMAR. {image}
++++++++++++++++++++++++++++++++

Good call
  • #1,355
  • Feb 3, 2016 7:07am Feb 3, 2016 7:07am
Quoting blarking94
My Trading plan as of 11:32 GMT Daily Chart ROMAR is flat but acting as resistance Price is bouncing off BB , possibly down to EMA because we have the 4 horsemen in an uptrend. 2 Hour Chart ROMAR is again flat, but this time acting as support. Market is consolidating. 4 Horsemen are in a downward trend and a new swing low has been created by the DB and SAR 1 Hour Chart ROMAR is down and acting as Resistance white and smooth have just crossed purple indicating a continuation of the downwards trend. The EMA is also still above purple. DB and SAR are...
Trend of ROMAR is either up or down, there isn't such definition as flat or straight.
EMA above ROMAR -> trend up
EMA below ROMAR -> trend down
  • #1,356
  • Feb 3, 2016 7:10am Feb 3, 2016 7:10am
Quoting dinkydau147
{quote} YES, got 40 pips on a pullback earlier on the 2hour chart. the candle kissed the EMA and turned back , consistent with the downtrend. exit was on the ROMAR. {image}
So In Doves initial explanation of the different indicators he mentions the following

Purple, White, Smooth, PSAR:

Your four trading indicators Purple, White, Smooth, and PSAR are the resources for your profit. These 4 horsemen deliver the visual of each swing. White and Smooth must cross Purple before a trade can be taken. And in a slider (consolidation) EMA must also cross Purple for a reversal. If not; then the slider will continue in the original trend. And you use the 2 hour chart for this reference.

So from your trade example the above isn't always the case and you can take the trade even if white and smooth don't cross the purple?
  • #1,357
  • Feb 3, 2016 7:20am Feb 3, 2016 7:20am
Hi Dove

I have a question regarding the ROMAR, why is the position so different between the 1h and the 2h? Or maybe someone else can explain to me.
  • #1,358
  • Feb 3, 2016 7:29am Feb 3, 2016 7:29am
Quoting tonybrou
Hi Dove I have a question regarding the ROMAR, why is the position so different between the 1h and the 2h? Or maybe someone else can explain to me.
Market moves in waves. On larger timeframe we can see bigger picture and bigger waves. Those bigger waves consist of smaller waves. So in different timeframes we see different pictures with different trends.
  • #1,359
  • Feb 3, 2016 7:37am Feb 3, 2016 7:37am
Quoting bigijs
{quote} Market moves in waves. On larger timeframe we can see bigger picture and bigger waves. Those bigger waves consist of smaller waves. So in different timeframes we see different pictures with different trends.

I understand that but the 1h and daily is over the EMA and the 2h is well and truely under. I dont understand why the inbetween timeframe is so different.
  • #1,360
  • Feb 3, 2016 7:47am Feb 3, 2016 7:47am
Quoting tonybrou
{quote} I understand that but the 1h and daily is over the EMA and the 2h is well and truely under. I dont understand why the inbetween timeframe is so different.
Because market is in consolidation. When one of the three charts (1H,2H,Daily) says diferently, then the market is in consolidation.
Now the market tries to get back into its Daily trend. When 2H will turn its trend and all charts represent the same trend then we will take ONLY trades in the direction of trend. Right now, as the market is in consolidation, we can take positions in both directions.
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