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  • #4,921
  • Mar 11, 2016 3:23am Mar 11, 2016 3:23am
Quoting lkh81
{quote} The funny thing is i need to use the loo 10 mins ago, but I held on to it till I see the 2hr candle
ha get yourself a laptop!
  • #4,922
  • Mar 11, 2016 3:39am Mar 11, 2016 3:39am
Quoting GoldenDIV
Hello am new here, Can I ask a question? When taking positions do you go "all in" in one go say at the opening of the recent H2 candle or would you say do 2 contracts at open and then add against the trade, add more when your short and the price is going up? Still the same size trade but to slightly reduce risk but increase risk/reward?
Risk and Managing a trade is your own choice,, but I'm sure you already know that..
  • #4,923
  • Mar 11, 2016 3:47am Mar 11, 2016 3:47am
Hello traders. This is my 40 pips trade for today: entry short at London opening candle @126.733 and take profit hit @126.333. The reason for the entry was the green divergence attached to the top of the candle before London opening with the new higher high, the white purple crossing and the opening at smooth on 2h chart.
  • #4,924
  • Edited 4:37am Mar 11, 2016 4:26am | Edited 4:37am
Fast sales r about to come below MA 5 at 126.42 but this may not happen easily because 2H EMA is defending at 126.21
This is a variable for that situation and explains why no big sales can't come below MA 5 now. I think.
There are no weapons that will form against my financial prosperity.
  • #4,925
  • Mar 11, 2016 4:40am Mar 11, 2016 4:40am
Quoting birpinar
{quote} Our teacher Dana advices to use every signal with the variables at the signal's moment. This means, , it will always happen only if the other indicators r in the right place. which also means, u have to have enough room to move to support or resistence for the market go up or down +40 or +20 from the divergence line.
It sounds reasonable.
I just wonder if all lines can be considered as a support/resistance which lines should I compare to?
Ok Ema/romar was at least 40 pips away... but the others?
  • #4,926
  • Mar 11, 2016 4:52am Mar 11, 2016 4:52am
Quoting lightnight4
{quote} It sounds reasonable. I just wonder if all lines can be considered as a support/resistance which lines should I compare to? Ok Ema/romar was at least 40 pips away... but the others?
so it was a trade to be taken at 126.74 short for 126.34 and it worked. what r others? white above, smooth above. white crossed purple. parabolic eliminated with white cross purple. Only EMA was support and the market moved to support after the divergence. as u see now.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 2H.jpg Size: 457 KB
There are no weapons that will form against my financial prosperity.
  • #4,927
  • Mar 11, 2016 4:56am Mar 11, 2016 4:56am
Quoting Masik
Hello traders. This is my 40 pips trade for today: entry short at London opening candle @126.733 and take profit hit @126.333. The reason for the entry was the green divergence attached to the top of the candle before London opening with the new higher high, the white purple crossing and the opening at smooth on 2h chart.
Excellent!
That's what I should've done. I opened short @ 126.70 and closed manually and got +39 pips.
I missed one pip.
  • #4,928
  • Mar 11, 2016 4:57am Mar 11, 2016 4:57am
Quoting birpinar
{quote} so it was a trade to be taken at 126.74 short for 126.34 and it worked. what r others? white above, smooth above. white crossed purple. parabolic eliminated with white cross purple. Only EMA was support and the market moved to support after the divergence. as u see now. {image}
I wonder if the rule to enter trade when smooth cross purple exists because if that happens by that time, all other supports have been crossed/eliminated.
  • #4,929
  • Mar 11, 2016 5:03am Mar 11, 2016 5:03am
I really wonder what will happen now because we R on 2H EMA, this is support for sure. But also parabolic was eliminated with white cross purple.
Since we r on EMA support and Daily 4 horsemen r showing up. We will go up from 2H EMA now.


I am a new student. don't take it as an advice.
There are no weapons that will form against my financial prosperity.
  • #4,930
  • Mar 11, 2016 5:09am Mar 11, 2016 5:09am
Quoting lightnight4
{quote} I wonder if the rule to enter trade when smooth cross purple exists because if that happens by that time, all other supports have been crossed/eliminated.
may be you can find your answer here:

QUoted from Dove:

Purple, White, Smooth, PSAR:

Your four trading indicators Purple, White, Smooth, and PSAR are the resources for your profit. These 4 horsemen deliver the visual of each swing. White and Smooth must cross Purple before a trade can be taken. And in a slider (consolidation) EMA must also cross Purple for a reversal. If not; then the slider will continue in the original trend. And you use the 2 hour chart for this reference.

A consolidated market can be as much as 8-10 hours; sometimes - even longer.
There are no weapons that will form against my financial prosperity.
  • #4,931
  • Mar 11, 2016 5:14am Mar 11, 2016 5:14am
In Daily chart, EMA did not cross Smooth yet. I don't know if that means something. But since everything is important at this system, this must have a meaning which i don't know for now.
There are no weapons that will form against my financial prosperity.
  • #4,932
  • Mar 11, 2016 5:38am Mar 11, 2016 5:38am
Quoting birpinar
In Daily chart, EMA did not cross Smooth yet. I don't know if that means something. But since everything is important at this system, this must have a meaning which i don't know for now.

Good morning !

I think it means daily EMA is still resistance. Daily ROMAR is also resistance because it's above EMA.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,933
  • Mar 11, 2016 5:41am Mar 11, 2016 5:41am
Daily is mostly consolidating I think because of imbalance created yesterday.

Let's just say it's imbalanced.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,934
  • Mar 11, 2016 5:54am Mar 11, 2016 5:54am
Quoting Jaymantos
{quote} Good morning ! I think it means daily EMA is still resistance. Daily ROMAR is also resistance because it's above EMA.
Daily EMA is still support.
  • #4,935
  • Mar 11, 2016 5:56am Mar 11, 2016 5:56am
We r in consolidation and The original Trend is up since the EMA did not cross purple in 2H & we are on EMA support which seems quiet ok but on the other hand, smooth cross purple is on the way with the next 2H. which may launch more downside. we'd better wait for a break out and trade this market later.
There are no weapons that will form against my financial prosperity.
  • #4,936
  • Mar 11, 2016 5:56am Mar 11, 2016 5:56am
Quoting birpinar
In Daily chart, EMA did not cross Smooth yet. I don't know if that means something. But since everything is important at this system, this must have a meaning which i don't know for now.
It means nothing.
  • #4,937
  • Edited 6:15am Mar 11, 2016 5:58am | Edited 6:15am
11.03.2016
1440 - Daily chart :
ROMAR resistance
Smooth support
EMA resistance
06 :40
120 - 2 hour chart :
ROMAR support
Smooth resistance
EMA support
06 :40
60 - 1 hour chart :
ROMAR support
Smooth resistance
EMA support

Im waiting on the breakout because :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


scenario 1 : bounce off EMA

scenario 2 : PSARs crossing

scenario 3 : I sit on my hands and wait.

Update :

07 :00
120 - 2 hour chart :
ROMAR support
Smooth resistance
EMA support
07 :00
60 - 1 hour chart :
ROMAR support
Smooth resistance
EMA support

NOTES : MACD ZERO appeared on 2H. Green d. still relevant on 2H and daily.

-The spread is ok
-No high impact news in sight (one medium though)

*sneaky edit : I wrote 4 horsemen on the picture, in fact it's only smooth purple and white, the PSARs is not included in the ''tightening'' action for now.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,938
  • Mar 11, 2016 6:08am Mar 11, 2016 6:08am
Quoting Jaymantos
11.03.2016 1440 - Daily chart : ROMAR resistance Smooth support EMA resistance 06 :40 120 - 2 hour chart : ROMAR support Smooth resistance EMA support 06 :40 60 - 1 hour chart : ROMAR support Smooth resistance EMA support Im waiting on the breakout because : {image} scenario 1 : bounce off EMA scenario 2 : PSARs crossing scenario 3 : I sit on my hands and wait.
Daily EMA is support.
  • #4,939
  • Mar 11, 2016 6:14am Mar 11, 2016 6:14am
I'm waiting an open candle below EMA H2 and a red arrow appear in H2 to short. Target is 40 pips

What do you think about this short entry ?
  • #4,940
  • Mar 11, 2016 6:18am Mar 11, 2016 6:18am
Quoting bigijs
{quote} Daily EMA is support.

I was not so sure about that one as on my chart both are side to side. The last trend EMA was in is downtrend so until it's clearly crossed smooth, it is still downtrend (in my head, correct me if I'm wrong).

thanks
No tree, it is said, can grow to heaven unless its roots reach down to hell
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