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  • #4,941
  • Mar 11, 2016 6:21am Mar 11, 2016 6:21am
Quoting ThanksDana
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 ?
What do YOU think about it?

You have to eliminate that burden of a feeling you get when you take actions and you need to be reassured. Practicing the paradox is about practicing to be on your own.

edit: you are the one who took this entry, tell us what you think about it, we will leanr much more this way.

Why you took this entry?
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,942
  • Mar 11, 2016 6:21am Mar 11, 2016 6:21am
Quoting Jaymantos
{quote} 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
You have wrong daily chart.
You should choose another broker.
FOREXdotCom is fine.
  • #4,943
  • Mar 11, 2016 6:25am Mar 11, 2016 6:25am
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. 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...
r u sure 1D EMA is resistence? and why? because EMA did not cross smooth?
There are no weapons that will form against my financial prosperity.
  • #4,944
  • Mar 11, 2016 6:25am Mar 11, 2016 6:25am
Quoting ThanksDana
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 ?
That would be a big risk.
But again, that's only my opinion.
  • #4,945
  • Mar 11, 2016 6:26am Mar 11, 2016 6:26am
Quoting Jaymantos
{quote} 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
You should read all this thread. This is a complex system. You don't know some basic rule of this system.
  • #4,946
  • Mar 11, 2016 6:27am Mar 11, 2016 6:27am
Quoting bigijs
{quote} You have wrong daily chart. You should choose another broker. FOREXdotCom is fine.
I have forex.com ? whats wrong

:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 240 KB



I notice EMA crossed Purple, but didnt cross smooth yet. I thought it was still resistance then, but I must be wrong there. please can you correct my view of the market?
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,947
  • Mar 11, 2016 6:28am Mar 11, 2016 6:28am
Quoting Jaymantos
{quote} 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
By the way, EMA became as a support when PURPLE crossed it.
  • #4,948
  • Mar 11, 2016 6:28am Mar 11, 2016 6:28am
Quoting bigijs
{quote} That would be a big risk. But again, that's only my opinion.
Why do you think that short entry is a big risk ?
  • #4,949
  • Mar 11, 2016 6:30am Mar 11, 2016 6:30am
Quoting ThanksDana
{quote} You should read all this thread. This is a complex system. You don't know some basic rule of this system.

Yeah you are probably right about that.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,950
  • Mar 11, 2016 6:31am Mar 11, 2016 6:31am
Quoting bigijs
{quote} By the way, EMA became as a support when PURPLE crossed it.
Thanks bigjis, it makes sense much more, dont know why I didnt see it thinking about it.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,951
  • Mar 11, 2016 6:39am Mar 11, 2016 6:39am
Quoting ThanksDana
{quote} Why do you think that short entry is a big risk ?
It's too early to expect a nice down movement.
Take a look at H2 chart PURPLE, WHITE, SMOOTH, EMA waves.
They nicely go up in waves.
For down movement I would like to wait for many more hours before momentum gathers its strength.

But again, that's only my opinion.
  • #4,952
  • Mar 11, 2016 6:41am Mar 11, 2016 6:41am
I think the only tradeble situation around will come when the market opens below EMA at 2H candle. This will give me a short position entry. because parabolic was eliminated when white crossed purple and is not working as a support & next support will be Romar. we have a nice space between 2H EMA and 2H ROMAR.

Edited: Sorry, next support will be Daily Purple and still we have a nice space in between.

a student's view not an advice.
There are no weapons that will form against my financial prosperity.
  • #4,953
  • Edited 7:22am Mar 11, 2016 6:47am | Edited 7:22am
Quoting bigijs
{quote} It's too early to expect a nice down movement. Take a look at H2 chart PURPLE, WHITE, SMOOTH, EMA waves. They nicely go up in waves. For down movement I would like to wait for many more hours before momentum gathers its strength. But again, that's only my opinion.
"look at H2 chart PURPLE, WHITE, SMOOTH, EMA waves
for many more hours before momentum gathers its strength"

It seem that Dove don't say about these thing. I think you are analyzing, Bigijs

As open candle below EMA H2, 4 horesmen in H1, purple cross smooth in H2, white arrow in H2, red arrow in H1 and H2. All of them say that downtrend have the full strength. I think so.
  • #4,954
  • Mar 11, 2016 6:48am Mar 11, 2016 6:48am
Quoting bigijs
{quote} It's too early to expect a nice down movement. Take a look at H2 chart PURPLE, WHITE, SMOOTH, EMA waves. They nicely go up in waves. For down movement I would like to wait for many more hours before momentum gathers its strength. But again, that's only my opinion.

there was also a macd cross on 2H, that means profit to the PSAR.

edit: which is about 30 pips. Dove recommended there'd be at least 20 pips between Psar and market when there's a macd zero cross before to entry. (if I remember well, still, correct me if I'm wrong I'm here exactly for that in fact.)

edit 2 : it was clearly a sell situation.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,955
  • Mar 11, 2016 7:08am Mar 11, 2016 7:08am
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?
What you mean with All IN? Please read all the thread before posting. Good luck.
  • #4,956
  • Mar 11, 2016 7:08am Mar 11, 2016 7:08am
As Dove said, build a daily plan and stick with it. You are practicing with a demo account so nothing bad will happen to you. Please stop asking for advice on wether we need to sell or buy. It's useless as it doesnt contribute to the discussion. What we need is strong statements, and facts proving those statement. No trying to envison the future. Just facts about the chart in real time, which the paradox allows us to do.


For example :

'' I go long because (the because is the most important part) the 2H is clearly support, and on the 1H it made a little short trend but it is now returning long from above 1H EMA to 2H support. ''
or
''White crossed Purple counter trend on 2H so I close mt4 and do something else.''

***edit: those two statements above are only EXAMPLES. They don't consider the actual state of the indicators.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,957
  • Mar 11, 2016 7:20am Mar 11, 2016 7:20am
Quoting Jaymantos
As Dove said, build a daily plan and stick with it. You are practicing with a demo account so nothing bad will happen to you. Please stop asking for advice on wether we need to sell or buy. It's useless as it doesnt contribute to the discussion. What we need is strong statements, and facts proving those statement. No trying to envison the future. Just facts about the chart in real time, which the paradox allows us to do. For example : '' I go long because (the because is the most important part) the 2H is clearly support, and on the 1H it made a...
Thats correct. Thats meaning a solid entry.
  • #4,958
  • Mar 11, 2016 8:00am Mar 11, 2016 8:00am
Still over 2 H EMA wont give the opportunity to short.
There are no weapons that will form against my financial prosperity.
  • #4,959
  • Mar 11, 2016 8:05am Mar 11, 2016 8:05am
Quoting birpinar
Still over 2 H EMA wont give the opportunity to short.
1H is consolidating

1h Romar is out of market

2H downtrend is not fully blown.

you are right, we wait, but something nice is drwing on the horizon

edit : also, forgot to mention the arrows
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,960
  • Mar 11, 2016 8:54am Mar 11, 2016 8:54am
Sunday USD will move forward into Daylight Savings Time 1 hour. So those who's time does not move the market will open 1 hour earlier.
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