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  • #3,021
  • Feb 25, 2016 7:40pm Feb 25, 2016 7:40pm
Quoting dove_alliance
{quote} Your plan is very good. But I would look more for the long. In order for the 1 hour to change trend with ROMAR/EMA it would take the 2 hour to change swings in which would take a miracle to happen within the next 24 hours.
Thank you master, I will look for it,
By the way, long position has more chance because DB for long trend already in there, just wait for SAR swing low move away from DB then look for entry again, am I correct?
Sorry for this topics, If DB/SAR will be discuss next week,
Keith
  • #3,022
  • Feb 25, 2016 7:45pm Feb 25, 2016 7:45pm
Hi Dana,
My daily trading plan that i made at 18.00 EST tell me that i will go long when :

  1. Market Opened above H2 ROMAR (which mean the last obstacles had been breached)
  2. 4 Horsemen at H1 back to upswing again (in tune with H2's movement)

at 19.00 EST the setup appear, and i jumped in.
Right now market is retrace to H2 Purple (also H1 Smooth)
So, right now at 21.00 EST, it seems the correct timing to jump in, because all conditions has been met.

My question :
Should we always wait the market to retrace first before we jump in?
Please correct me if i am wrong in seeing whats happening now

Thanks a lot!

  • #3,023
  • Edited 8:07pm Feb 25, 2016 7:56pm | Edited 8:07pm
DAILY
ROMAR - resistance
EMA - resistance
PARABOLIC - resistance

Notes: Open above SMOTH

2 H
ROMAR - resistance
EMA - support
PARABOLIC - support

Notes: All 4 in position for UP trend. Purple crossing ROMAR

1 H
ROMAR - support
EMA - support
PARABOLIC - support

Notes: All 4 in position for UP trend. All 4 crossing ROMAR for UP trend

We had open price above H2 horsemans, H1 with all 4 cross ROMAR indicate UP trend. I will take long position at pullback to H1 support .

Acorrding to this trading plan I have enter long at 124.637.

Dove what would be Your thoughts about this? Are all conditions meet? As it look to me they are but would like confirmation or other opinion. Thanks in advance.
Attached Image (click to enlarge)
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  • #3,024
  • Feb 25, 2016 7:59pm Feb 25, 2016 7:59pm
I don't understand why Purple crossing ROMAR on the H2 is of importance. The EMA needs to cross ROMAR before the trend changes on the H2 chart.
  • #3,025
  • Feb 25, 2016 8:03pm Feb 25, 2016 8:03pm
Quoting JMaurice
I don't understand why Purple crossing ROMAR on the H2 is of importance. The EMA needs to cross ROMAR before the trend changes on the H2 chart.
Im with Jmaurice. Have I missed something, or are the others wrong?
  • #3,026
  • Feb 25, 2016 8:08pm Feb 25, 2016 8:08pm
Quoting mav3n
Hi Dana, My daily trading plan that i made at 18.00 EST tell me that i will go long when : Market Opened above H2 ROMAR (which mean the last obstacles had been breached) 4 Horsemen at H1 back to upswing again (in tune with H2's movement) at 19.00 EST the setup appear, and i jumped in. Right now market is retrace to H2 Purple (also H1 Smooth) So, right now at 21.00 EST, it seems the correct timing to jump in, because all conditions has been met. My question : Should we always wait the market to retrace first before we jump in? Please correct me if...
Waiting for your set up can be difficult if your vision is not seeing retraces in the trend. And it is hard - at times - to interpret retraces because you never know when or where they will happen. But when they do happen you have to be prepared in your plan with locations of support or resistance - depending on trend - to cover any deep holes. And the thing I always try to emphasize is taking trades at support and resistance to cover those holes. It's not always easy but once you are in the grove of support and resistance it becomes a lot easier in predicting the entry; accordingly with support and resistance. Always remember that trends can end at anytime and your objective is to get in early, and not late. That is why I always say take the trades from the bottom to the top and from the top to the bottom. In other words - work your entries closer to support for the longs and resistance for the shorts.

I hope that helps.
The Dove - Forex Trainer
  • #3,027
  • Feb 25, 2016 8:15pm Feb 25, 2016 8:15pm
Quoting snfx
DAILY ROMAR - resistance EMA - resistance PARABOLIC - resistance Notes: Open above SMOTH 2 H ROMAR - resistance EMA - support PARABOLIC - support Notes: All 4 in position for UP trend. Purple crossing ROMAR 1 H ROMAR - support EMA - support PARABOLIC - support Notes: All 4 in position for UP trend. All 4 crossing ROMAR for UP trend We had open price above H2 horsemans, H1 with all 4 cross ROMAR indicate UP trend. I will take long position at pullback to H1 support . Acorrding to this trading plan I have enter long at 124.637. Dove what would be...
Like JMaurice had said - ROMAR crossing Purple does not change the trend. It is ROMAR crossing EMA that changes the trend. Other than that your entry was good. You took it off support.
The Dove - Forex Trainer
  • #3,028
  • Feb 25, 2016 8:15pm Feb 25, 2016 8:15pm
Quoting dove_alliance
{quote} Waiting for your set up can be difficult if your vision is not seeing retraces in the trend. And it is hard - at times - to interpret retraces because you never know when or where they will happen. But when they do happen you have to be prepared in your plan with locations of support or resistance - depending on trend - to cover any deep holes. And the thing I always try to emphasize is taking trades at support and resistance to cover those holes. It's not always easy but once you are in the grove of support and resistance it becomes a lot...
Thanks a lot master!
If only i dont jump in at 19.00 EST and wait for 21.00 EST, i will have jumped in when market retrace to H2 Smooth (which is in profit right now).
Anyway, this is a very great lesson! i must keep observing, thanks Dana!
Attached Image
  • #3,029
  • Feb 25, 2016 8:17pm Feb 25, 2016 8:17pm
Quoting dove_alliance
{quote} Waiting for your set up can be difficult if your vision is not seeing retraces in the trend. And it is hard - at times - to interpret retraces because you never know when or where they will happen. But when they do happen you have to be prepared in your plan with locations of support or resistance - depending on trend - to cover any deep holes. And the thing I always try to emphasize is taking trades at support and resistance to cover those holes. It's not always easy but once you are in the grove of support and resistance it becomes a lot...
Thats excellent. Other thing Master. Always when we got to 0 Fibonnaci... Always is going to be in consolidate after the next movement?
  • #3,030
  • Feb 25, 2016 8:18pm Feb 25, 2016 8:18pm
Quoting AntiiMatter
{quote} Im with Jmaurice. Have I missed something, or are the others wrong?
- the others are wrong.
The Dove - Forex Trainer
  • #3,031
  • Feb 25, 2016 8:20pm Feb 25, 2016 8:20pm
Quoting mav3n
{quote} Thanks a lot master! If only i dont jump in at 19.00 EST and wait for 21.00 EST, i will have jumped in when market retrace to H2 Smooth (which is in profit right now). Anyway, this is a very great lesson! i must keep observing, thanks Dana! {image}
You are welcome.
The Dove - Forex Trainer
  • #3,032
  • Feb 25, 2016 8:24pm Feb 25, 2016 8:24pm
The Fibonnaci 23.6 became from Resistance to Support. And now we have 3 H2 Candles testing it. Fibonacci 23.6 right now is a power Support. With all horsemen H2 and H1 for the upside.. We should looking for a long entry?
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  • #3,033
  • Feb 25, 2016 8:24pm Feb 25, 2016 8:24pm
Quoting JMaurice
I don't understand why Purple crossing ROMAR on the H2 is of importance. The EMA needs to cross ROMAR before the trend changes on the H2 chart.
Quoting AntiiMatter
{quote} Im with Jmaurice. Have I missed something, or are the others wrong?

Quoting dove_alliance
The Daily ROMAR is the key when the market will turn direction. Once it crosses Purple the game is over and time to be looking at the opposite direction for long term.......
I have a question master,
Could you explain more about this rule? in context with JMaurice and Antimatter question. Does it mean that this rule is valid for D1 (long term) only?

Thanks before
  • #3,034
  • Feb 25, 2016 8:33pm Feb 25, 2016 8:33pm
Quoting mav3n
{quote} {quote} {quote} I have a question master, Could you explain more about this rule? in context with JMaurice and Antimatter question. Does it mean that this rule is valid for D1 (long term) only? Thanks before
No it does not - that rule applies to all charts. That is how you get a full blown trend with ROMAR on all three charts; and determines consolidations on all three charts.
The Dove - Forex Trainer
  • #3,035
  • Feb 25, 2016 8:36pm Feb 25, 2016 8:36pm
Quoting dove_alliance
{quote} Like JMaurice had said - ROMAR crossing Purple does not change the trend. It is ROMAR crossing EMA that changes the trend. Other than that your entry was good. You took it off support.
Thanks for answer Dove. Doing best to take trades only according to the rules.

It would be great if You just could explain me something: Although I know that EMA crossing ROMAR change trend, I can not figure out how to make trading plan having that IMPORTANT fact in my mind, but also to not let go opportunity. So here is my question:

If I understand You correctly ROMAR/EMA relation could mean two things in current trading plan:

1) Because of EMA/ROMAR stil DOWN we should not take any long position until crossing happened, or
2) Because of EMA/ROMAR stil DOWN but also in CONSOLIDATION we can take long position BUT on extreme levels of support such as e.g.: H1 PSAR / H1 ROMAR / H2 EMA..

Tnx Dove
  • #3,036
  • Feb 25, 2016 8:36pm Feb 25, 2016 8:36pm
Quoting dove_alliance
{quote} No it does not - that rule applies to all charts. That is how you get a full blown trend with ROMAR on all three charts; and determines consolidations on all three charts.
Affirmative master! thanks
  • #3,037
  • Feb 25, 2016 8:47pm Feb 25, 2016 8:47pm
Quoting snfx
{quote} Thanks for answer Dove. Doing best to take trades only according to the rulles. It would be great if You just explain me something: Althought I know that EMA crossing ROMAR change trend, I can not figure out how to make trading plan haveing that IMPORTANT fact but also to not let go oportunity. So here is my question: If I understand You corectly ROMAR/EMA relation could mean two things in current trading plan: 1) Because of EMA/ROMAR stil DOWN we should not take any long position until crossing hapend, or 2) Because of EMA/ROMAR stil DOWN...
OK - we are in consolidation which means you can trade both ways off support and resistance. If we were in a full blown downtrend as we just got out of; and you trade against the ROMAR trend then you are a fool. In trend you trade the trend only and never counter-trade. And your entry was OK because it was off support in consolidation. But be careful in recognizing what is trend and what is consolidation; if you don't - then it can come back and bite you real good.
The Dove - Forex Trainer
  • #3,038
  • Feb 25, 2016 8:58pm Feb 25, 2016 8:58pm
Thank You Dove, it is much clearer to me now how to take that fact in consideration while creating trading plan.
  • #3,039
  • Feb 25, 2016 9:04pm Feb 25, 2016 9:04pm
We are in Consolidation if:

1) Ema Cross Romar and is out of sync with the other 3 timeframe.....
2) Out of Sync any cross of any TF, i mean If we are in DownTrend (Romar Above Ema) in D1 H2 H1 with 4 horsemen Downtrend. And then in H1 Purple Cross White, We are in Consolidation. And we are in Consolidation until the moment that purple cross white for the down and again all 3 timeframe are lined for the down.


Sorry Master, this days i feel stupid asking questions... that i want to stop asking but if i stop asking the stupidity never going to end.

3) All the 3tf charts are in downtrend with Fibonnaci Red. But if in H1 the Fibonacci are Green. We start in consolidation too?

If this question is too stupid, i stop asking until next week. For have all this days for re-read all the thread again.
  • #3,040
  • Feb 25, 2016 9:22pm Feb 25, 2016 9:22pm
Quoting Contrax
We are in Consolidation if: 1) Ema Cross Romar and is out of sync with the other 3 timeframe..... 2) Out of Sync any cross of any TF, i mean If we are in DownTrend (Romar Above Ema) in D1 H2 H1 with 4 horsemen Downtrend. And then in H1 Purple Cross White, We are in Consolidation. And we are in Consolidation until the moment that purple cross white for the down and again all 3 timeframe are lined for the down. Sorry Master, this days i feel stupid asking questions... that i want to stop asking but if i stop asking the stupidity never going to end....

Rules for determining consolidation:
a: If one of the trading charts are not in sync with one another you are in consolidation.
c: If the Daily ROMAR/EMA are not sync with 1 and 2 hour charts you are in consolidation.
d: 10% of the time is trend; 85% of the time is consolidation; and 10% economic news.
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