....When the Divergence attached to the top/bottom of a candle the next candle is automatically retraced; either one candle or multiple candles; depending if the trend is still in. The screen shot below is an example of what I am speaking about. Notice the first arrow to the left showing an attachment to a candle and then retraced on the next candle.......
{quote} Thanks Dana! and after Divergence, this sequence is likely to happen, right? {quote}
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Hmmm yes, but i dont know... If you see if this current candle is going to be a retrace... Where is going to be the retrace of the candle? I think we still in Support zone in H2. But i dont know... I think im going for coffe and im not going to sleep until i what is going on!!! hahaha
{quote} Hmmm yes, but i dont know... If you see if this current candle is going to be a retrace... Where is going to be the retrace of the candle? I think we still in Support zone in H2. But i dont know... I think im going for coffe and im not going to sleep until i what is going on!!! hahaha
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Do you mean retrace or reversal?
i dont know if i'm right. please correct me, anyone.
i think we should look out for:
1. fibo flip
2. a magneta price box
3. DB/SAR at the 100% fibo( or 0% when it flip to red)
{quote} That is because you need to reset your MT4 at Sydney Open 17:00 NY time. 16:00 Central Time. And do not close ur MT4 until next day (17:00 ny time). If you close it, ur data is lost.
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Can that be a reason also for Daily parabolic Sar not flipped? if we close the computer and reopen it hours later in the middle of the daY?
There are no weapons that will form against my financial prosperity.
{quote} Ah - we got one. If you guys don't pay attention you will lose out.
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Can this be tradeble if white crossses purple in 1 hour? I don't have that answer but I am sure it'll be a nice buying opportunity in Romar 2H for higher high. ?
There are no weapons that will form against my financial prosperity.
{quote} Can this be tradeble if white crossses purple in 1 hour? I don't have that answer but I am sure it'll be a nice buying opportunity in Romar 2H for higher high. ?
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I would forget about the 1hr chart if I were you, Dana has repeatedly said to concentrate on the 2hr
Nobody can be told what The Matrix is. You'll have to see it yourself.
{quote} I would forget about the 1hr chart if I were you, Dana has repeatedly said to concentrate on the 2hr
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yes i know that. I told it because green divergence at 2H appeared. 1 H still negligible at that situation?
thought again and agreed u. my mistake. I'd better wait for 2H white purple cross and short from there for 2H Romar.
2H Romar is a Buy for the higher high.
But these r just trade ideas. İ should not be greedy while thinking those trades. Waiting is really difficult. Have to educate myself about that.
There are no weapons that will form against my financial prosperity.
{quote} yes i know that. I told it because green divergence at 2H appeared. 1 H still negligible at that situation?
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Rules for consolidation:
a: The 2 hour is your trading/trend chart.
b: Use the Daily Chart S/R as reference for consolidation.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation.
e: Both upper and lower bands are resistance and support in consolidation.
point b : Dove didnt mention anything about H1 in consolidation
as i was re-reading earlier from pg 1 - 85, i saw this post. and see my recent questions and his reply. H1 should be ignored
the 2 hour EMA support was hit following the green divergence retrace( which i missed). I bought at the EMA support and got my 20 pips. any criticisms, please let me know. This was all in the last 20 mins by the way. Thank you.
FIBO on Daily up
FIBO on 2H up
FiBO on 1H down Market is in consolidation
2H chart
Candle opened at 124.56
ROMAR support (EMA is above ROMAR)
SMOOTH support (PURPLE is above SMOOTH)
EMA support (PURPLE is above EMA) NOTES
SMOOTH, EMA, PSAR are up. But PURPLE has crossed WHITE and market starts turning down. MACD positive. There is a GREEN DIVERGENCE attached to the previous candle top.
1H chart
ROMAR support (EMA is above ROMAR)
SMOOTH support (PURPLE is above SMOOTH)
EMA support (PURPLE is above EMA) NOTES
SMOOTH, EMA, PSAR are up. But PURPLE has crossed WHITE and market starts turning down. MACD negative.
Daily chart
ROMAR resistance (EMA below ROMAR)
SMOOTH support (PURPLE above SMOOTH)
EMA support (PURPLE above EMA) NOTES
WHITE, SMOOTH, EMA and PSAR are up. MACD positive.
Right now market is in consolidation. Market has reached recent top. There is no clear indication of the movement.
I'll take short when:
1)H2 PURPLE crosses SMOOTH
2)H2 PSAR flips negative
3)H2 candle opens below EMA
I'll take long when:
1)H2 PURPLE crosses WHITE upwards. Market shoots above WHITE.
2)Entry at retrace back to WHITE.
Morning.
