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  • #5,101
  • Edited 7:07am Mar 14, 2016 6:54am | Edited 7:07am
Quoting birpinar
Friends, We r now in consolidation and DB and SAR is moving together. SAR is not showing but it is there with the price tag. So I think we should have a long entry at this 2H since we r on the 1D purple support. Let's have a look at a quote from Dove ( only a part of post 2746, not all of it) "...In consolidation when the DB is showing with the price tag you pretty much have an entry. Lets say you have a hit on support in consolidation and the DB (with the price tag) connects with the bottom of the support candle you then have a reversal on the...
Hi, my DB/SAR is different to yours on the 2hr chart. My SAR Broke away from the DB and attached at the bottom of the last 2 hr candle, yours is showing it connected with DB. What are others charts showing? Cheers.

EDIT: At the opening of the current 2hr candle, my SAR was attached to the bottom of the previous candle with Thistle Box, indicating that it should be set in stone,(from my understanding)now my chart is showing the DB and SAR connected to the bottom of the current 2hr candle?! This would suggest that the SAR has been repainted to the next candle. Dove, I know that there has been a lot of discussion around this already, but could you please let me know if I have over looked something? Is the indicator working as it should or have I misunderstood something here? I thought that once SAR broke away from DB and attached itself to the bottom of the candle and remained there until the close of that candle it would be set in stone.

Thanks in advance.
Photos below show first candle where SAR attached after closure of candle, then next candle an hr later with DB and SAR attached.
Attached Image (click to enlarge)
Click to Enlarge Name: SAR_TEST1.PNG Size: 19 KB
Attached Image (click to enlarge)
Click to Enlarge Name: SAR_TEST2.PNG Size: 12 KB
  • #5,102
  • Mar 14, 2016 6:59am Mar 14, 2016 6:59am
Quoting Dingaling
{quote} Hi, my DB/SAR is different to yours on the 2hr chart. My SAR Broke away from the DB and attached at the bottom of the last 2 hr candle, yours is showing it connected with DB. What are others charts showing? Cheers.
My DB and SAR are attached as well, post a picture of your charts
  • #5,103
  • Mar 14, 2016 7:01am Mar 14, 2016 7:01am
Quoting Dingaling
{quote} Hi, my DB/SAR is different to yours on the 2hr chart. My SAR Broke away from the DB and attached at the bottom of the last 2 hr candle, yours is showing it connected with DB. What are others charts showing? Cheers.
Here is mine.

Attached Image
  • #5,104
  • Mar 14, 2016 7:09am Mar 14, 2016 7:09am
Quoting nigpig
I see this consolidation will last for a few hours still as the Fibo on the 2H and 1H are still red and down. There needs to be a new low before we get a flip and a swing up. I actually see a move further down to 2H ROMAR. In that case a short position off 2H Smooth resistance in a few hours.
H2 ROMAR is outside the trading area, because it is below Bollinger Band, just info, thanks
  • #5,105
  • Mar 14, 2016 7:12am Mar 14, 2016 7:12am
Quoting Dingaling
{quote} Hi, my DB/SAR is different to yours on the 2hr chart. My SAR Broke away from the DB and attached at the bottom of the last 2 hr candle, yours is showing it connected with DB. What are others charts showing? Cheers. EDIT: At the opening of the current 2hr candle, my SAR was attached to the bottom of the previous candle with Thistle Box, indicating that it should be set in stone,(from my understanding)now my chart is showing the DB and SAR connected to the bottom of the current 2hr candle?! This would suggest that the SAR has been repainted...
The SAR is set in stone after the candle close. However, should the DB attach, the SAR will be carried along by DB from candle to candle as DB has control. Then divergence connects as an indication there will be a change of trend.
  • #5,106
  • Mar 14, 2016 7:19am Mar 14, 2016 7:19am
why are we just looking at DB/SAR and not looking at the 2H resistance and support? i'm not going long term. just 40 pips if i can everyday.

i will look at purple/white on 2h chart and other factors for going long and sync with other charts.
  • #5,107
  • Edited 7:49am Mar 14, 2016 7:34am | Edited 7:49am
Quoting lkh81
why are we just looking at DB/SAR and not looking at the 2H resistance and support? i'm not going long term. just 40 pips if i can everyday. i will look at purple/white on 2h chart and other factors for going long and sync with other charts.
Thank u for your response, my concern here was only the DB and the SAR. Trying to find other opportunies in the market since i did not get my 40 pips yet for today.
and yes it was one of my hesitations for taking a support of 1D and uniting it with 2H SAR. I don't know if it's a true decision to do that. But this trade idea is shared for only a swing. not a long term trade.
I also notice we still have green fibo on dalily.
There are no weapons that will form against my financial prosperity.
  • #5,108
  • Mar 14, 2016 7:35am Mar 14, 2016 7:35am
Quoting bigijs
I sold @ 126.75 with SL 40 and TP 40 Reason: 1) Divergence 2) H2 PURPLE cross WHITE 3) H2 candle open below EMA 4) Daily hit FIBO 50 5) H2 EMA red arrow
Great trade! I always kick myself when I see a text book trade Dove has discussed only to know I was sleeping. Even though I'm on Demo, I hate missing out. ;-)
  • #5,109
  • Mar 14, 2016 7:42am Mar 14, 2016 7:42am
Quoting nigpig
{quote} The SAR is set in stone after the candle close. However, should the DB attach, the SAR will be carried along by DB from candle to candle as DB has control. Then divergence connects as an indication there will be a change of trend.
Ok, thanks for explaining.
  • #5,110
  • Mar 14, 2016 8:11am Mar 14, 2016 8:11am
Quoting iuforex
{quote} Great trade! I always kick myself when I see a text book trade Dove has discussed only to know I was sleeping. Even though I'm on Demo, I hate missing out. ;-)
Thanks,
We just have to sit and wait for the perfect setups. And when we get one, we're enormously happy.
That's how it goes in the beginning
  • #5,111
  • Mar 14, 2016 8:14am Mar 14, 2016 8:14am
Quoting birpinar
{quote} Thank u for your response, my concern here was only the DB and the SAR. Trying to find other opportunies in the market since i did not get my 40 pips yet for today. and yes it was one of my hesitations for taking a support of 1D and uniting it with 2H SAR. I don't know if it's a true decision to do that. But this trade idea is shared for only a swing. not a long term trade. I also notice we still have green fibo on dalily.
when i'm in doubt, most of the time i take a trade and learn from it.
But for this case, i know its not a strong enough reason to long, so thats why its not a long for me yet. But for e.g if it hits H2 BB, yes, that i will.
  • #5,112
  • Mar 14, 2016 8:37am Mar 14, 2016 8:37am
Quoting lkh81
{quote} when i'm in doubt, most of the time i take a trade and learn from it. But for this case, i know its not a strong enough reason to long, so thats why its not a long for me yet. But for e.g if it hits H2 BB, yes, that i will.
Thank you friend but I am not trading it. I noticed the DB and SAR moving together in a consolidation as there may be a opportunity to long here. But by the chart goes on I also notice other variables now, which r 4 horsemen acting as resistence in 2H. so even if it will turn from here, i know it will take time and i will wait for a perfect set up. No hurry.
There are no weapons that will form against my financial prosperity.
  • #5,113
  • Edited 10:00am Mar 14, 2016 8:39am | Edited 10:00am
Quoting lkh81
{quote} when i'm in doubt, most of the time i take a trade and learn from it. But for this case, i know its not a strong enough reason to long, so thats why its not a long for me yet. But for e.g if it hits H2 BB, yes, that i will.
IMO, agreed with you. For my plan: (At NY Session Open)
- 1H is synced with 2H, which is in downtrend (easy to see that 4 horsemen are for downtrend). Daily is still up. So Daily is up with consolidation
- For 1H & 2H, ROMAR is support, market is near 1H lower BB band
- For 1H & 2H, Downtrend continues, and there is a retrace when market hits 1H ROMAR or BB and back to at least EMA for 1h (or Purple for 2h).

Using what I learned,
Entry:
Long: I wait for Market hits BB and use retrace as long entry, TP at 40 pips, SL 40 pips.


Actually I just get in immediately and test if I can TP when market hit resistance.

Thats it for today (NY Session)

What do you guys think?

I'm in GMT +7. The time is 0900 here.
-----------------------

Couple of concerns (not related to trading the system now, but far future )

I'm a developer and I think I can create a soft of tool, 3rd tool, analyze the visual on the screen and auto trade this (with human confirmation). But this must after I understand and well play the system, and even that it is only what I think.

And for the creator (which earned my respect for sharing this system), did you think about this (in case you are a developer as well)? Kind of AI tool but it still need human confirmation to process? Of course, this tool is very limited to MT4 (since it analyzes the visual, like taking screenshot and then do the analyses)

Yes, and I think I can, but let's learn first.

Lastly, I tend to use simple English, because of my bad English and I'm not good at describing the things.

---
Edited: friends, above just my thoughts, I'm not debating should we make an AI or not. Please distinguish the geek side and trader side.
  • #5,114
  • Mar 14, 2016 9:09am Mar 14, 2016 9:09am
Quoting camping89
{quote} IMO, agreed with you. For my plan: (At NY Session Open) - 1H is synced with 2H, which is in downtrend (easy to see that 4 horsemen are for downtrend). Daily is still up. So Daily is up with consolidation - For 1H & 2H, ROMAR is support, market is near 1H lower BB band - For 1H & 2H, Downtrend continues, and there is a retrace when market hits 1H ROMAR or BB and back to at least EMA for 1h (or Purple for 2h). Using what I learned, Entry: Long: I wait for Market hits BB and use retrace as long entry, TP at 40 pips, SL 40 pips. Short: get in...
"Short: get in immediately and TP for market hit resistance." - What's that? That's not an entry
  • #5,115
  • Edited 9:39am Mar 14, 2016 9:13am | Edited 9:39am
Quoting camping89
{quote} IMO, agreed with you. For my plan: (At NY Session Open) - 1H is synced with 2H, which is in downtrend (easy to see that 4 horsemen are for downtrend). Daily is still up. So Daily is up with consolidation - For 1H & 2H, ROMAR is support, market is near 1H lower BB band - For 1H & 2H, Downtrend continues, and there is a retrace when market hits 1H ROMAR or BB and back to at least EMA for 1h (or Purple for 2h). Using what I learned, Entry: Long: I wait for Market hits BB and use retrace as long entry, TP at 40 pips, SL 40 pips. Short: get in...
I don't think it's a good idea to make a robot for this. I beleive robots do not work and even if they do work and distributed hand by hand to everybody, what do you think it will happen? will all the traders in the world win at the same time? This is a zero-sum game. some will lose, some will win.

Dana opened that thread to teach it to people who r really willing to learn and who will show effort to learn it. He's looking for the chosen ones. I don't know a distrubuted trading robot will ruin this system or not but i think, Winning of everybody at the same time, is not possible in Forex game.

My idea goes that way. Correct me if i am wrong.
There are no weapons that will form against my financial prosperity.
  • #5,116
  • Mar 14, 2016 9:20am Mar 14, 2016 9:20am
Quoting bigijs
{quote} "Short: get in immediately and TP for market hit resistance." - What's that? That's not an entry
Ok, so what is an entry? I'm new and still learning.
  • #5,117
  • Mar 14, 2016 9:23am Mar 14, 2016 9:23am
Quoting birpinar
{quote} I don't think it's a good idea to make a robot for this. I beleive robots do not work and even if they do work and distributed hand by hand in anybody's hand? what do you think it will happen? will all the traders in the world win at the same time? This is a zero sum game. some will lose, some will win. Dana opened that thread to teach it to people who r really willing to learn and who will show effort to learn it. He's looking for the chosen ones. I don't know a distrubuted trading robot will ruin this system or not but i think.Winning...
Yes, I totally understand you as a trader or creator side. I'm standing at the developer side and do what I think, or at least what I think I can. I'm not trying to say that it will be there, just my thoughts.
  • #5,118
  • Mar 14, 2016 9:23am Mar 14, 2016 9:23am
I have never seen a Robot that held up overtime. What is it with people and Robots? Are they just too lazy to trade themselves, or stupid enough to think a Robot will make them rich?
  • #5,119
  • Mar 14, 2016 10:05am Mar 14, 2016 10:05am
Quoting rcbarlow
I have never seen a Robot that held up overtime. What is it with people and Robots? Are they just too lazy to trade themselves, or stupid enough to think a Robot will make them rich?
Well - he bit the dust.
The Dove - Forex Trainer
  • #5,120
  • Mar 14, 2016 10:22am Mar 14, 2016 10:22am
The conclusion on my plan was with the 2 hour Red Arrow alert on the 2 hour for the short. The Alert went off at 3:45 AM my time - got up - pull the trigger and went back to bed. Here is the Limit and Stop:
Attached Image
The Dove - Forex Trainer
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