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  • #2,701
  • Edited 7:11am Feb 24, 2016 6:54am | Edited 7:11am
Quoting lkh81
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...
Your quote - "What if everything is on the downtrend and there is almost no support?"

Based on your provided info market isn't in a downtrend -
your quote again - "EMA coming down and just "touch" ROMAR".
Looks like a consolidation to me.
  • #2,702
  • Feb 24, 2016 7:00am Feb 24, 2016 7:00am
Quoting lkh81
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...
This is not the EUR/JPY you're talking about ? is it ?
  • #2,703
  • Feb 24, 2016 7:55am Feb 24, 2016 7:55am
Quoting AuMan
{quote} This is not the EUR/JPY you're talking about ? is it ?
Just in general. I seen this situation more than once.
  • #2,704
  • Feb 24, 2016 8:00am Feb 24, 2016 8:00am
I opened second short position @ 122.95 with SL 40 and TP 20
Reason:
1) H1 market hit SMOOTH
2) H1 market hit FIBO 23.6
2) H2 market hit PURPLE

So, that's a confluence.

And all 4 horsemen is down on H1.
  • #2,705
  • Feb 24, 2016 8:02am Feb 24, 2016 8:02am
Quoting bigijs
{quote} Your quote - "What if everything is on the downtrend and there is almost no support?" Based on your provided info market isn't in a downtrend - your quote again - "EMA coming down and just "touch" ROMAR". Looks like a consolidation to me.
H2
EMA just cross ROMAR. Smooth cut purple now
  • #2,706
  • Feb 24, 2016 8:05am Feb 24, 2016 8:05am
I just closed my position and got +16.

So today is 35+16=51

So, I'm done today.
  • #2,707
  • Feb 24, 2016 8:05am Feb 24, 2016 8:05am
Quoting lkh81
{quote} H2 EMA just cross ROMAR. Smooth cut purple now
Could you post the screenshot please? It seems differ with mine.
  • #2,708
  • Feb 24, 2016 8:05am Feb 24, 2016 8:05am
Downtrend, all charts. H1 open at Smooth, H2 open at White. Short 122.928.
  • #2,709
  • Feb 24, 2016 8:07am Feb 24, 2016 8:07am
I'm short as well. H2 open candle just below Smooth. It pays to be patient!
~ Tim
  • #2,710
  • Feb 24, 2016 8:23am Feb 24, 2016 8:23am
Quoting bigijs
I just closed my position and got +16. So today is 35+16=51 So, I'm done today.
I think you closed so soon
  • #2,711
  • Feb 24, 2016 8:26am Feb 24, 2016 8:26am
Quoting mav3n
{quote} Could you post the screenshot please? It seems differ with mine.
Here's H2 if it helps...
Attached Image
~ Tim
  • #2,712
  • Feb 24, 2016 8:28am Feb 24, 2016 8:28am
Quoting mav3n
{quote} Could you post the screenshot please? It seems differ with mine.
But i don't think that's what Ikh81 was referring to
~ Tim
  • #2,713
  • Feb 24, 2016 8:32am Feb 24, 2016 8:32am
Quoting theone3000
{quote} I think you closed so soon
I just needed 40 pips, so today I feel like I'm overworked
  • #2,714
  • Feb 24, 2016 8:35am Feb 24, 2016 8:35am
Quoting bigijs
{quote} I just needed 40 pips, so today I feel like I'm overworked
Stick with it bigijs! It'll pay off! STUDY all the time! It's truly amazing. NO more scalping! No more short time frames. Starting to see what's actually happening. Not quite 80% yet but at least I'm seeing my mistakes.
~ Tim
  • #2,715
  • Feb 24, 2016 8:38am Feb 24, 2016 8:38am
Quoting nonibadsha
My plan for today. DAILY CHART – DATE: 24.02.2016 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: Daily is in a full downtrend 2 HOUR CHART: Opening: 123.493 ROMAR: Resistance (Outside of BB) EMA: Resistnce Parabolic: Resistance NOTES: 2H is currently in a down trend. 1 HOUR CHART: 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....
Got my +40 for today
Thank you Dana !!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
  • #2,716
  • Feb 24, 2016 8:42am Feb 24, 2016 8:42am
Yes!! Yes!! Amazing!!! Hahah is funny how everyone is getting profit. I think this is the only thread that works for real.

I miss this open H2 Candle 41 minutes ago for the short.. and easy other 40 pips... But i already collected about 100pips Im happy with it and just waiting for a new day. (Since 40pips i was happy... oh wait... right now im happy before i place my trade hahahah). Thank you. Now im waiting for the next bomb of Dana !
  • #2,717
  • Feb 24, 2016 8:53am Feb 24, 2016 8:53am
The way the EURJPY is dropping now, a untrained monkey could get 40pips

Quoting Contrax
Yes!! Yes!! Amazing!!! Hahah is funny how everyone is getting profit. I think this is the only thread that works for real. I miss this open H2 Candle 41 minutes ago for the short.. and easy other 40 pips... But i already collected about 100pips Im happy with it and just waiting for a new day. (Since 40pips i was happy... oh wait... right now im happy before i place my trade hahahah). Thank you. Now im waiting for the next bomb of Dana !
  • #2,718
  • Feb 24, 2016 8:56am Feb 24, 2016 8:56am
Quoting Repoman
{quote} Here's H2 if it helps... {image}
Mine is the same as you. What i want to see is Ikh81's chart, because he said that H2 EMA had just cross ROMAR.
Btw, thanks for confirming Repoman!
  • #2,719
  • Feb 24, 2016 9:03am Feb 24, 2016 9:03am
this is bad karma
Attached Image
  • #2,720
  • Feb 24, 2016 9:06am Feb 24, 2016 9:06am
Quoting toddanderson
The way the EURJPY is dropping now, a untrained monkey could get 40pips {quote}
Well 40 pips daily? an Untrained Money in Forex at all... Studying Paradox completly in one week can do that.
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