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  • #4,541
  • Mar 9, 2016 10:27am Mar 9, 2016 10:27am
Quoting cfudge
Confused...isn't daily parabolic still resistance it never flipped?? {image}
That is because you are with the wrong broker - your charts are not right.
The Dove - Forex Trainer
  • #4,542
  • Mar 9, 2016 10:28am Mar 9, 2016 10:28am
Quoting cfudge
Confused...isn't daily parabolic still resistance it never flipped?? {image}
It flipped! Here is mine!
Attached Image
  • #4,543
  • Mar 9, 2016 10:31am Mar 9, 2016 10:31am
OH POOH!!!
  • #4,544
  • Mar 9, 2016 10:34am Mar 9, 2016 10:34am
Hi Dana

l am wondering about the news...As you told us even a low impact news may interfere and if you consider other currencie's news outside EJ may interfere too...
We may never trade or not often because it always have news somewhere...What is your suggestion to filter...
Same as l had read your previous post about news...That was still unclear for me...Hope l am not alone then your answer may help others too

Thanks for all
  • #4,545
  • Mar 9, 2016 10:35am Mar 9, 2016 10:35am
Quoting cfudge
Confused...isn't daily parabolic still resistance it never flipped?? {image}
wrong broker !
it's a 5 day per week chart showing , starting monday ...friday .
We're using 6 day per week daily chart , starting sunday ....friday .

look at forexdotcom
  • #4,546
  • Mar 9, 2016 10:38am Mar 9, 2016 10:38am
Quoting dove_alliance
{quote} Yes traders -- when you post a trade also post your reason for the trade along with a chart showing the trade.
I could not agree with this more. This will be the best way to learn.

BTW, I was busy most of the morning and see the spike up. I guessing this was because of the high impact USD news (crude oil) at 10:30 EST?
  • #4,547
  • Mar 9, 2016 10:43am Mar 9, 2016 10:43am
Quoting ben.deschain
Hi Dana l am wondering about the news...As you told us even a low impact news may interfere and if you consider other currencie's news outside EJ may interfere too... We may never trade or not often because it always have news somewhere...What is your suggestion to filter... Same as l had read your previous post about news...That was still unclear for me...Hope l am not alone then your answer may help others too Thanks for all
The only impact with news in using pairs consisting EUR, JPY, and USD are the only news release that will impact. These are your major currency. If you use a a currency pair that has CHF then you will include the CHF in the news release. Trading any pair with the EUR and JPY then you ALWAYS include the USD. The USD impacts all pairs.
The Dove - Forex Trainer
  • #4,548
  • Mar 9, 2016 10:48am Mar 9, 2016 10:48am
Quoting dove_alliance
{quote} The only impact with news in using pairs consisting EUR, JPY, and USD are the only news release that will impact. These are your major currency. If you use a a currency pair that has CHF then you will include the CHF in the news release. Trading any pair with the EUR and JPY then you ALWAYS include the USD. The USD impacts all pairs.
Thanks now it is clear
  • #4,549
  • Mar 9, 2016 10:50am Mar 9, 2016 10:50am
This is my calender in which today was only the JPY and USD. The EUR is included which they had no releases today. That is the only 3 currencies is use for my news releases.
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 03_09_News.JPG Size: 39 KB
The Dove - Forex Trainer
  • #4,550
  • Mar 9, 2016 11:00am Mar 9, 2016 11:00am
Hi Dana,

At 11.00 EST we have seen that the EMA Alert Up have been set in stone and also MACD cross zero. The rule says that never trade against ROMAR Trend, and they are still downtrend because of the ROMAR - EMA relationship.
Quoting dove_alliance
...Basic rules: a: Do not trade against the trend. ..........................
My question : At 11.00 EST, Is it an ideal timing to practice the "turn" like you described before?

Quoting dove_alliance
One major thing I have noticed from the beginning of training and that is not using the signals with the EMA alert (Red and Lime Green Arrows). These alerts are 40 pip trades provided you are not bucking up against ROMAR support and/or resistance.........
I didn't pull the trigger, because I think it will violate the rule. Or should i have taken entry because once white cross purple means we enter consolidation?

I Need your guidance Master! Thanks in advance!
  • #4,551
  • Mar 9, 2016 11:09am Mar 9, 2016 11:09am
Quoting mav3n
Hi Dana, At 11.00 EST we have seen that the EMA Alert Up have been set in stone and also MACD cross zero. The rule says that never trade against ROMAR Trend, and they are still downtrend because of the ROMAR - EMA relationship. {quote} My question : At 11.00 EST, Is it an ideal timing to practice the "turn" like you described before? {quote} I didn't pull the trigger, because I think it will violate the rule. Or should i have taken entry because once white cross purple means we enter consolidation? I Need your guidance Master! Thanks in advance!...
That is right - you never counter-trade ROMAR Trend while in trend. And I have repeated this question many times with many other traders with the same question which is: What constitute the first indication of consolidation????????
The Dove - Forex Trainer
  • #4,552
  • Mar 9, 2016 11:14am Mar 9, 2016 11:14am
Quoting dove_alliance
{quote} That is right - you never counter-trade ROMAR Trend while in trend. And I have repeated this question many times with many other traders with the same question which is: What constitute the first indication of consolidation????????
H2 PURPLE crossing WHITE.
  • #4,553
  • Mar 9, 2016 11:17am Mar 9, 2016 11:17am
Quoting dove_alliance
{quote} That is right - you never counter-trade ROMAR Trend while in trend. And I have repeated this question many times with many other traders with the same question which is: What constitute the first indication of consolidation????????
The first indication is white cross purple
Quoting dove_alliance
{quote} White/Purple crossing is the first indication of consolidation with ANY of the 3 charts. So trading against the ROMAR trend with the White/Purple crossing is not a counter-trade.
Oh no!! I understand now! I should have taken the entry!
It will be also confirmed with this statement
Quoting dove_alliance
One major thing I have noticed from the beginning of training and that is not using the signals with the EMA alert (Red and Lime Green Arrows). These alerts are 40 pip trades provided you are not bucking up against ROMAR support and/or resistance. These alerts are setting you up for the EMA crossings on a reversal of trend/swings. ....
IF market continue going north, this Turn would have been the beginning reversal of the trend(not just a swing). Oh I missed that!!

Thanks Master! sorry if until this point i still did not fully understand your teaching on Consolidation. I understand finally.

Thanks a lot Dana! God Bless!!
  • #4,554
  • Mar 9, 2016 11:23am Mar 9, 2016 11:23am
I sold an entry @123.447 last night as at the time H1 and H2 purple and white were sliding together, so by that I interpreted as consolidation and it would continue the downtrend before retracing. Could someone explain where I went wrong
  • #4,555
  • Mar 9, 2016 11:36am Mar 9, 2016 11:36am
Traders - what will be great for the group is posting trading plans before you start trading. Trading plans will help those who are having a hard time in seeing what is going on with different perspectives. This will also give verification with trades for those who have doubts. So, starting today post trading plans before trading.
The Dove - Forex Trainer
  • #4,556
  • Mar 9, 2016 11:44am Mar 9, 2016 11:44am
Quoting Paradox7
I sold an entry @123.447 last night as at the time H1 and H2 purple and white were sliding together, so by that I interpreted as consolidation and it would continue the downtrend before retracing. Could someone explain where I went wrong
Chart please
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #4,557
  • Mar 9, 2016 11:47am Mar 9, 2016 11:47am
Quoting Paradox7
I sold an entry @123.447 last night as at the time H1 and H2 purple and white were sliding together, so by that I interpreted as consolidation and it would continue the downtrend before retracing. Could someone explain where I went wrong
Where you went wrong is not studying -- your mistake has already been posted.
The Dove - Forex Trainer
  • #4,558
  • Mar 9, 2016 11:50am Mar 9, 2016 11:50am
Quoting shinny
{quote} Chart please
Here you go
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  • #4,559
  • Mar 9, 2016 11:52am Mar 9, 2016 11:52am
Quoting Paradox7
{quote} Here you go {image} {image}
Attach your entry in there. For we can know exactly where you entry.
  • #4,560
  • Mar 9, 2016 11:56am Mar 9, 2016 11:56am
Quoting Contrax
{quote} Attach your entry in there. For we can know exactly where you entry.

Right where that red and black arrow I posted on 123.430
Attached Image(s) (click to enlarge)
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