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  • #3,221
  • Feb 28, 2016 6:22pm Feb 28, 2016 6:22pm
Thank you Dove. I have made a new Daily template that may help some people.
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File Type: pdf DAILY TRADING PLAN.pdf   35 KB | 1,217 downloads
  • #3,222
  • Feb 28, 2016 6:25pm Feb 28, 2016 6:25pm
Quoting rcbarlow
Unfortunately, I was walking the dog when the market opened, so I got in late but fully expect to hit my 40 pips. Dove, would you please expand more on this comment as far as channels and being on one side or the other? When the SAR is on the same channel as the PSAR you have a reverse. If the SAR is opposite of the PSAR you are then in trend.
In fact RC - a good example of the statement is with the SAR being attached for the downtrend opposite of the Parabolic in the downtrend. In other words - the SAR is on one side of Purple and the Parabolic is on the other side of Purple and both in the downtrend of the channel. If the SAR and the PSAR are on the same side of the Purple then the SAR gets you back into the trend.
The Dove - Forex Trainer
  • #3,223
  • Feb 28, 2016 6:26pm Feb 28, 2016 6:26pm
Quoting dove_alliance
{quote} In fact RC - a good example of the statement is with the SAR being attached for the downtrend opposite of the Parabolic in the downtrend. In other words - the SAR is on one side of Purple and the Parabolic is on the other side of Purple and both in the downtrend of the channel. If the SAR and the PSAR are on the same side of the Purple then the SAR gets you back into the trend.
If you look at your chart now you will see it in the downtrend.
The Dove - Forex Trainer
  • #3,224
  • Feb 28, 2016 6:28pm Feb 28, 2016 6:28pm
Quoting dove_alliance
Open with a gap down and the Red Arrow had popped in; waiting on retrace in the gap to Smooth with ROMAR/Red Arrow down; and entry for the short at Smooth. {image} DB/SAR attached for the down with the 1 hour at ROMAR; the lower BB turning for the down. The 2 hour has the power with ROMAR down and the DB/SAR in the trend. {image} {image} 40 taken and my day is over with unto tomorrow AFTER 17:00 EST. {image} Same scenario as for the previous uptrend except for ROMAR was in the downtrend also and over 100 pips away for any hit on ROMAR. This is just...
So u entry at the resistance touch without waiting for the candle close right?
  • #3,225
  • Feb 28, 2016 6:31pm Feb 28, 2016 6:31pm
Thank you. So the location in relation to the Purple is what makes the difference. That is what I was looking for. Thanks again.
  • #3,226
  • Feb 28, 2016 6:34pm Feb 28, 2016 6:34pm
Quoting Contrax
{quote} So u entry at the resistance touch without waiting for the candle close right?
In this kind of trade with the 1 hour ROMAR opposite of the 2 hour - yes. I wanted to get the pips before the hit on the 1 hour ROMAR support with a retrace. Almost didn't make it being short a few pips - but the 1 hour down BB kept me in for the 40. Other then that I wait on the next 2 hour open.
The Dove - Forex Trainer
  • #3,227
  • Feb 28, 2016 6:40pm Feb 28, 2016 6:40pm
Dove what is approximate calculation of SAR, I mean is there any thing that You could say us about what level for sure must be reach in order to expect SAR detachment which will eventually get us back later in DOWNtrend (being reattach with DB in lower low)? What are approximate conditions (or levels) that need to be meet for SAR detachment to be expected?
  • #3,228
  • Feb 28, 2016 6:45pm Feb 28, 2016 6:45pm
Quoting snfx
Dove what is approximate calculation of SAR, I mean is there any thing that You could say us about what level for sure must be reach in order to expect SAR detachment which will eventually get us back later in DOWNtrend (being reattach with DB in lower low)? What are approximate conditions (or levels) that need to be meet for SAR detachment to be expected?
The wrong question to ask me.
The Dove - Forex Trainer
  • #3,229
  • Feb 28, 2016 6:59pm Feb 28, 2016 6:59pm
Dove thanks for your obedience to the Holy Spirit to avail this incredible system to us.

I have a quick question and please correct and forgive me if I make mistakes along the way

When should we consider USDJPY longterm up swing on the DAILY:​
(1) FIBO up
(2) SAR attached to top of candle at parabolic
(3) EMA trend arrow up, MACD up
(4) White and smooth crossed purple up eliminating parabolic resistance, parabolic now support
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.cDaily.png Size: 28 KB
  • #3,230
  • Feb 28, 2016 7:00pm Feb 28, 2016 7:00pm
I entry short at 124.323 after 20pips i put my BE at 3 pips profit.

The reason was:

H2: 4horsemen downside in a downtrend. Parabolic Resistance, MACD bellow zero and SAR/DB bottom.
H1: The 4 horsemen is getting linedup for the downtrend with Parabolic as Resistance and MACD bellow Zero. I entry in the touch of purple and white (open price day).
  • #3,231
  • Feb 28, 2016 7:13pm Feb 28, 2016 7:13pm
The retrace on the SAR is usually at the 61.8 Fibo with a retracement; or just before. On the retrace the SAR will break loose from the DB and attached to the top of a candle some where near the Parabolic in trend and/or with the Parabolic. So the target is the 61.8 of the Fibo. Like I have said the DB/SAR works with the Fibo. There are times both the DB/SAR will attach to this candle meaning a swing is in place. And there are times the deployment of the SAR - with or without the DB will not happen but continue with the trend.
The Dove - Forex Trainer
  • #3,232
  • Feb 28, 2016 7:18pm Feb 28, 2016 7:18pm
Thanks for that Dove.
  • #3,233
  • Feb 28, 2016 7:31pm Feb 28, 2016 7:31pm
Quoting snfx
Thanks for that Dove.
Don't get greedy - take your 40 and walk away until the 17:00 EST of the next day.
The Dove - Forex Trainer
  • #3,234
  • Feb 28, 2016 7:36pm Feb 28, 2016 7:36pm
Yes I will, learned that lesson... I missed that entry at H1 Purple another lesson to be learned: faith in system...
  • #3,235
  • Feb 28, 2016 7:36pm Feb 28, 2016 7:36pm
Quoting CrossEquity
Dove thanks for your obedience to the Holy Spirit to avail this incredible system to us. I have a quick question and please correct and forgive me if I make mistakes along the way When should we consider USDJPY longterm up swing on the DAILY:​ (1) FIBO up (2) SAR attached to top of candle at parabolic (3) EMA trend arrow up, MACD up (4) White and smooth crossed purple up eliminating parabolic resistance, parabolic now support {image}
We are on the E/J and not the U/J - so I am unable to answer your questions with the U/J.
The Dove - Forex Trainer
  • #3,236
  • Feb 28, 2016 7:42pm Feb 28, 2016 7:42pm
Quoting dove_alliance
{quote} Don't get greedy - take your 40 and walk away until the 17:00 EST of the next day.
Thanks to God and Dana, i made my first trade of the week with my first 40 pips (after my last week of blindness).

This is a good felling start. Im going to fligh to Mexico City at 6am tomorrow and back Tuesday 8pm. Im going to be in reading mode.

Thank you and have a good week to everyone.
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  • #3,237
  • Feb 28, 2016 7:42pm Feb 28, 2016 7:42pm
Dove-

This past week and weekend with your help has cleared up so many of my questions. I KNOW I don't see the full potential of all the components of your system, but of the components I do understand, I see how consistently profitable entries can be made every day.

You have provided us with money management guidelines (2.3% risk, 20/40 or 40/40, BE @ 20) and a target win rate (80%), but how long should one demo trade to prove they can achieve 80%+ going forward? We started studying with you on January 16th at which point you told us it was a 6 month process. Would an 80% win rate sustained through July 16th indicate a potential "go-live" point?

Thank you for any input -
  • #3,238
  • Feb 28, 2016 7:45pm Feb 28, 2016 7:45pm
Quoting JMaurice
Dove- This past week and weekend with your help has cleared up so many of my questions. I KNOW I don't see the full potential of all the components of your system, but of the components I do understand, I see how consistently profitable entries can be made every day. You have provided us with money management guidelines (2.3% risk, 20/40 or 40/40, BE @ 20) and a target win rate (80%), but how long should one demo trade to prove they can achieve 80%+ going forward? We started studying with you on January 16th at which point you told us it was a 6...
In my personal opinion. 2% Daily x 5 days = 10% x 4 weeks = %40. In 3-4 Months maybe we have the 100% in the account. After that if you feel comfortable jump to live account.

I like to be in live account than in Demo.. but of course... i know that in the path of 6 months of training there is stones that im going to fall and hurt...

GoodLuck JMaurice.
  • #3,239
  • Feb 28, 2016 7:56pm Feb 28, 2016 7:56pm
Quoting Contrax
{quote} In my personal opinion. 2% Daily x 5 days = 10% x 4 weeks = %40. In 3-4 Months maybe we have the 100% in the account. After that if you feel comfortable jump to live account. I like to be in live account than in Demo.. but of course... i know that in the path of 6 months of training there is stones that im going to fall and hurt... GoodLuck JMaurice.
Thank you, good luck to you as well! I will be here - just trying to lay out a plan for myself.

I started with a live account when I was told to start with a demo account and I believe scarred myself, so to speak, such that my learning curve was probably elongated due to the creation of unnecessary fears. If I can't do it in simulation, then I certainly can't do it live.

But I do understand your point, trading with "fake" money and nothing on the line is a lot simpler than real money. Which was my argument to those who told me to trade in demo previously. They ultimately were right and I was wrong, but as my father likes to say, "youth is wasted on the young" and unfortunately, I have to make mistakes to learn from them as opposed to being able to learn from the mistakes of others.
  • #3,240
  • Feb 28, 2016 8:19pm Feb 28, 2016 8:19pm
Quoting JMaurice
Dove- This past week and weekend with your help has cleared up so many of my questions. I KNOW I don't see the full potential of all the components of your system, but of the components I do understand, I see how consistently profitable entries can be made every day. You have provided us with money management guidelines (2.3% risk, 20/40 or 40/40, BE @ 20) and a target win rate (80%), but how long should one demo trade to prove they can achieve 80%+ going forward? We started studying with you on January 16th at which point you told us it was a 6...
This is entirely on you in how comfortable you are with the system. If you are at the 80% winning rate and comfortable with the system then I would give it another month of trading demo to be sure your emotions are in control. Your emotions can surely take you the opposite direction. The 6 months is for those who have not hit the 80% winning rate. And there are traders who will take that long.

I hope that helps.
The Dove - Forex Trainer
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