I am restudying the Thread and I came with the following doubt:
It is said in Thread that "All the Basic entries are the same - you just have to recognize them. And that is with Purple/White and Smooth. Then there are the variables for entries" (I figure the variables are SAR, MACD, Divergence). It is also said that EMA is the trend for the Swings whose support/resistance character is defined by crossing Purple.
Since we take an entry on Smooth crossing on 2 hour does this means that we are predicting EMA is going to cross Purple as well and the trend for the swing is going to change? By doing this are we looking into the future? Or the 4 horsemen are one thing and EMA is another?
Following the above logic Is ROMAR in 2 hour chart (the trend the results from all swings) like the EMA in the Daily (the trend of the 2 hour Swings that feeds the Daily ROMAR)?
Sorry for being repetitive and for my over analysing, micro management questions but I am trying to compile a manual and want to write everything in accordance before sharing.
One thing I want to bring to your attention is setting a stop for profit. Once you pull the trigger that is it and your objective is protecting your account. If your entry is properly set then a 40 trade is in the makings accordingly with your plan. But as always - human error is lurking in the shadows. So always try to set your entry with the 40/40 rule. And as time goes on this will help build confidence with your plans. And also this will help you to accumulate at least a 20 pip profit if something should go wrong. In other words - once you enter...
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Don't forget this post...and don't be greedy. This advice has been helpful, especially the last few days.
InDaMoment
EURJPY
Date: 2016-04-01 2100 EDT
News for USD EUR JPY: none
Daily:
ROMAR: R DN
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP
Last EMA Alert Arrow: UP
Last DB Attachment: 128.209
Last SAR Attachment: 128.209
Fibo up or down: DN
Notes: 4H moving up, Green divergence, bar is above ROMAR resistance
2HR: Open Price: 128.051
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP
Last EMA Alert Arrow: UP
Last DB Attachment: 127.813
Last SAR Attachment: 127.813
Fibo up or down: DN
Notes: W crossed P, PSAR is eliminated
1HR:
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: DN
Last EMA Alert Arrow: DN
Fibo up or down: DN
Notes: W, S crossed P , PSAR is eliminated
Notes for all 3 charts: H1 and H2 W crossed P for the swing down.
Entry: Consolidation,
Long:
Short: H1 and H2 W crossed P, H1 S crossed P
Sold 127.955 +/- 40 at 2002 edt
Hi All, my 1st post here. Had studied the thread for 2 weeks.Trading Plan similar to what InDaMoment posted.
Reason to short:
1.Daily and H2 DB,SAR and Green Divergence warning.
2. Trend or Consolidation trade, Consolidation as Daily Romar is Resistance.
3. H1 White/Smooth cross Purple gave warning for countertrade to H1 Romar as in trading zone of BB.
4. Price open below smooth in H2 and in H1 open below contour/market open and below purple trigger the trade. Macd also alert.
5.Price target will H1 Romar with Fibo 61.8 and Daily Purple support, or any support that price show retrace.
Hope to have all your comments.
Daily: ROMAR - Resistance EMA – Support PSAR – Support Check List: Last MACD 0 crossing - The crossing is up. Last EMA Alert Arrow – Green Arrow up. Last DB Attachment - DB and SAR attached on top at 128.209. Fibo up or down - Fibo is red from the top.
Notes:The 4 horsemen are up with ROMAR as a resistance. 2 HR: DAILY OPEN PRICE - 128.017 ROMAR – Support EMA - Support PSAR – Resistance
Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down.
Last DB Attachment - DB attached on top 128.209 and SAR attached at 127.421.
Fibo up or down - Fibo is down from the top.
Notes:The 4 horsemen are down with EMA , ROMAR holding as support and Parabolic as resistance. 1 HR: ROMAR - Support EMA - Resistance PSAR - Resistance
Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Green Arrow up. Last DB Attachment - none
Fibo up or down - Fibo is down from the top.
Notes:The 4 horsemen are down with EMA holding as Resistance, (Parabolic as Resistance eliminated with white crossed purple) and ROMAR as support. Final Notes for all three charts: H1 and H2 horsemen are down with ROMAR holding as support. Entry: Consolidation: yes Long: I will enter long when 2 hr close above smooth and white will touch purple. Short: I will enter short if 2 hr EMA will cross purple and 2 hr close below EMA. Target – ROMAR. Notes for readjustments:
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Joined Mar 2016
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Status: Mechanical Engineer
|11 Posts
Ok traders, here is what i have promised i have already uploaded summary from 25th Feb to 3th of March.
Here is summary from 4th to 18th of March.
Now you will save a lot of time since TradeALot has created summery from 22th of Jan until 25th of Feb, SirViver has created Summary from 6thFeb to 9thFeb and i have created from 26Feb. to 18th of March. Now you only need to open file attachments and you will find all files there.
Enjoy.
Ok traders, here is what i have promised i have already uploaded summary from 25th Feb to 3th of March. Here is summary from 4th to 18th of March. Now you will save a lot of time since TradeALot has created summery from 22th of Jan until 25th of Feb, SirViver has created Summary from 6thFeb to 9thFeb and i have created from 26Feb. to 18th of March. Now you only need to open file attachments and you will find all files there. Enjoy. Have a nice weekend. Br. Alex {file} {file}
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Thanks Kent, Your work saves us a lot of time, highly appreciated!
Kent, you're a legend! The documents are very useful.
Btw, if anyone is interested, another way to practice is to use a screen recorder. I leave mine running overnight and play it back at high speed in the morning to see how the lines and arrows behave in a live scenario on the H2 chart. Just a little tip that's sped up my learning.
Kent, you're a legend! The documents are very useful. Btw, if anyone is interested, another way to practice is to use a screen recorder. I leave mine running overnight and play it back at high speed in the morning to see how the lines and arrows behave in a live scenario on the H2 chart. Just a little tip that's sped up my learning. Dom
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That's a great idea, I will give that a try thanks.
Thanks from me too for the summaries Kent, much appreciated.
Gleam, used your plan as a template, hope that's alright.
Daily: ROMAR - Resistance EMA Support PSAR Support
Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow Green Arrow up. Last DB Attachment - DB and SAR attached to top of 31/03 candle at 128.214 - magenta box. As both attached could be the end of the trend (?) Fibo up or down - Red from top
Notes:The 4 horsemen are up with ROMAR as a resistance. 2 HR: ROMAR Support EMA - Resistance PSAR Resistance
Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Green up Last DB Attachment - DB attached to low at 127.287 Fibo up or down - Red, down from top.
Notes:The 4 horsemen are down with ROMAR as support, EMA & Parabolic resistance
1 HR: ROMAR - Support EMA - Resistance PSAR - Resistance
Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Red, down Last DB Attachment - n/a Fibo up or down - Green, up from bottom
Notes:The 4 horsemen are down with EMA & Parabolic as resistance and ROMAR as support. Final Notes for all three charts: H1 and H2 horsemen are down with ROMAR holding as support. Entry: Consolidation: Y/N? Y Long: .... Short: .... Notes for readjustments:
I get the planning part of it but with so many variables I can't decide where entries should be, any help would be appreciated (the reasons for choosing would be useful too!).
I'm wondering if you're using Forex.com MT4 as a result of what follows.
A couple observations: the DB/SAR attachment on your Daily and 2H should be the same. You have two different numbers. These are also different from what I have, which is 128.209 (for both).
Also the 1H ROMAR as Resistance (to my mind at least...as it is above the candle), you have Support.
And the last EMA Alert Arrow on the 2H is Red/Dn on my chart (you have Gn/Up)
Of note on the 1H: ROMAR just crossed EMA for a new downtrend.
Hope this is helpful.
