EURJPY retrace right now, what your trading plan in the moment ? Short if ... ? Long if ...? {image} {image} {image}
Ignored
If you dont have a Plan, You dont have a Trade.
P.D. Please Focus only in this System... Can save you Time and Money. If you are jumping and trying to learn different system in the same time, you are oging to gain only confuse in ur Forex Journey. GoodLuck my friend!
ROMAR on Daily down
ROMAR on 2H down
ROMAR on 1H down
EMA on Daily down
EMA on 2H down
EMA on 1H down
FIBO on Daily up
FIBO on 2H up
FiBO on 1H up Market is in overall downtrend but with Fibo up.
2H chart
Candle opened at 123.28
ROMAR resistance (EMA is below ROMAR)
SMOOTH resistance (PURPLE is below SMOOTH)
EMA resistance (PURPLE is below EMA) NOTES
All 4 horsemen are down. MACD is positive. WHITE and SMOOTH are in slider which means consolidation.
1H chart
ROMAR resistance (EMA below ROMAR)
SMOOTH resistance (PURPLE below SMOOTH )
EMA resistance (PURPLE below EMA) NOTES
EMA, SMOOTH are down. MACD is positive. PURPLE crosses WHITE which means market starts turning up.
Daily chart
ROMAR resistance (EMA below ROMAR)
SMOOTH resistance (PURPLE below SMOOTH)
EMA resistance (PURPLE below EMA) NOTES
All 4 horsemen (WHITE, SMOOTH, EMA, PSAR) are down. MACD down.
There is consolidation in the market.
I'll open short when:
1)H2 candle opens below PURPLE
Or
I'll go long when:
1)H2 candle opens above EMA and - WHITE crosses SMOOTH and - PURPLE crosses both WHITE and SMOOTH.
2)Entry candle on the H1 candle retrace back to EMA
{quote} If you dont have a Plan, You dont have a Trade. P.D. Please Focus only in this System... Can save you Time and Money. If you are jumping and trying to learn different system in the same time, you are oging to gain only confuse in ur Forex Journey. GoodLuck my friend!
Ignored
Sure we are in a strong downtrend in D1, H2 and H1. Because of strong downtrend, I am waiting an open candle above EMA in H2 to confirm retrace. Are you in a short trade now ? If not, I think we just have a short entry, an candle open below smooth after candle retrace from PSAR and EMA area in H2 chart.
{quote} Sure we are in a strong downtrend in D1, H2 and H1. Because of strong downtrend, I am waiting an open candle above EMA in H2 to confirm retrace. Are you in a short trade now ? If not, I think we just have a short entry, an candle open below smooth after candle retrace from PSAR and EMA area in H2 chart. {image}
Ignored
You are "Waiting an open candle above EMA in H2 to confirm retrace" but where is ur target? Are u going Long Short? See the examples of Daily Plans.
Ok is 2:22am my time and now time to Bed. Today %6 enough!!!!!! Good Luck and again... Thank you God and Dana for this System. I cant imagine what kind of blessed bomb is comming with the SAR positions.
Daily plan 2016.02.24 (at London opening) ROMAR on Daily down ROMAR on 2H down ROMAR on 1H down EMA on Daily down EMA on 2H down EMA on 1H down FIBO on Daily up FIBO on 2H up FiBO on 1H up Market is in overall downtrend but with Fibo up. 2H chart Candle opened at 123.28 ROMAR resistance (EMA is below ROMAR) SMOOTH resistance (PURPLE is below SMOOTH) EMA resistance (PURPLE is below EMA) NOTES All 4 horsemen are down. MACD is positive. WHITE and SMOOTH are in slider which means consolidation. 1H chart ROMAR resistance (EMA below ROMAR) SMOOTH resistance...
Ignored
A good plan .Thanks Bigijs
Open H2 candle below smooth but above purple. So you don't short
{quote} A good plan .Thanks Bigijs Open H2 candle below smooth but above purple. So you don't short Open H2 candle below EMA. So you don't long So you will do nothing.
I started a short on hitting the PSAR on the H1 (just above smooth on H2) at 123.385 with a 40 TP / 40 SL order. TP at 122.988 for 37 pips.
Ignored
I think you closed your order with green pips. But do you think it is available entry? We have an strong momentum at that time. You entry as the candle growing up and the candle is not closed yet.
ROMAR: Resistance (Outside of BB) EMA: Resistance Parabolic: Resistance
Notes: Purple/White is in a slider. With EMA holding resistance. Current 1H candle has made a new low at 122.795.
Entry: Wait for a retrace of 2H back to Smooth for an entry going short.
I realised that the current 2H bar was the actual entry for the short, but unfortunately I came to my PC too late for that move. But never mind there will be plenty more opportunities.
Done my 40 pips! Entered short at London opening at open candle at smooth on 2h. Maybe the entry was too risky because the opening was not under purple but in my experience London often did not respect Franfkurt open and reverse so I pulled the trigger.
{quote} I think you closed your order with green pips. But do you think it is available entry? We have an strong momentum at that time. You entry as the candle growing up and the candle is not closed yet.
Ignored
Yes you are right. I need to have more patients. I should have seen where it went first and entered at the very top or on the way down. I'm not sure how to do that reliably so I entered when it had hit my target.
I didn't think we only enter at a candle close. Don't we use 2H open, to decide to take a position and then use the 1H to actually enter at an opportune time? Please tell me if I am wrong.
I'm in short from 122.88 with SL 40 and TP 40
Reason for opening:
1) H2 candle opened below PURPLE
So, I executed trade according to my Daily plan. Let's wait and see.
i have a question. Not sure if anybody knows the answer.
What if everything is on the downtrend and there is almost no support?
H1
All signals turned resistance - white and smooth cuts purple for the down. EMA cuts below romar. Parabolic is down. No BB in sight.\
And it has reached the level of the previous lower end of the DodgerBlue. This is prolly support. But DB can move to newer low. i wont bet on this.
H2
White cut purple. Smooth is getting very near to purple. May cut soon, i dont know. EMA coming down and just "touch" ROMAR. i dont know if it will go below ROMAR
Day
EMA below ROMAR. White cut purple for the downtrend. Smooth still had quite a distance to go to purple.
Parabolic is up.
So is short all the way? There must be a TP level. please advise
