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  • #6,341
  • Sep 8, 2016 6:23am Sep 8, 2016 6:23am
Quoting Jens89
{quote} nice trade. the difficulty I find is to know in this case where to take profit. I decided to take it close at the 1H ROMAR. how can we know, if at all where it will stop. as one time it will stop at the 1 hour romar another time it will blow through. it's definitely safest not to put your target past the 2 hour romar but how much "weight" do we give to the confluence factors is a difficult matter. we do know it to a certain extent in the sense that ROMAR is the heaviest support / resistance, followed by EMA and the PSAR etc but to have working...
I really don't know the answer to that, but in this case, since I was watching it, I just went by my interpretation of the momentum. It seemed to have the momentum to go through H1 ROMAR, but when it got to H2's I just closed it.
  • #6,342
  • Edited 8:55am Sep 8, 2016 6:27am | Edited 8:55am
Quoting InDaMoment
{quote} I really don't know the answer to that, but in this case, since I was watching it, I just went by my interpretation of the momentum. It seemed to have the momentum to go through H1 ROMAR, but when it got to H2's I just closed it.
it reminds me the way shinny interprets trades. I'm thinking about a specific post where he explains that he takes into account how far a swing is from ROMAR so that way he judges if it will break it. I will edit this post later and refer to the post to show what I exactly mean.

edit: I am talking about post 3897.
  • #6,343
  • Sep 8, 2016 9:38am Sep 8, 2016 9:38am
I took 40 and the reason for me is the daily trend up (it was below the PSAR) with the 2H consolidation finally showing the up. PLUS : Notice market stood above the central pivot from 17:00 EST. it swang down and retraced in the hour above the central. With horsemen in trend. (2H).

One thing I noticed : Last week trend was up but we hit daily resistance (ROMAR) and an exact weekly resistance soon after. Automatically Market went into a solid retrace down bending the daily uptrend to its lowest. With the down, daily support was stretched and waiting to swing it up once more. It happened with the weekly support being hit before yesterday in the early morning. This hit changed the swing and put all charts into consolidation for many hours.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #6,344
  • Sep 8, 2016 2:51pm Sep 8, 2016 2:51pm
Quoting Elflaco
Got my 20 pips and happy with it. Especially because when I created my plan this morning things looked like they would develop for a short with H1 and H2 EMA arrows down, H1 OSMA bars close to 0 and Daily MACD arrow down. All of them weren't set in stone, disappeared and on 8.00 GMT candle it looked good for a long. So there was definitely a thin line between long and short. {image}

Hi,

Good to hear you got the 20 pips.

What i'm also always watching, as Dove also mentioned in post 6283, is the H2 parabolic flip.
I don't read it in your post, but maybe you were aware of it this morning. The 2Hr parabolic did not flip.

So as stated by Dove:

Quote
Which chart controls the trend? The answer is the H2 chart.

What is trend with the H2 chart? The answer is ROMAR as primary and it changes trend when it crosses EMA. Above EMA is in a downtrend - below EMA is in an uptrend. Your secondary trend are the Parabolics. And the Parabolics is in control of the 4 horsemen. This means if the Parabolic does not flip then you are in a slider going back into the original trend. .

Quote
The only way the market can change direction (either reversal or swing) is with the FLIP OF THE PARABOLIC. And that is with EMA at or crossing Purple. If you are trading against the parabolic trend then you are also losing your trades. Which also means you are breaking the rules of trading.

This have saved me a few times from making a mistake.

I hope you understand what I'm trying to explain here.
  • #6,345
  • Sep 8, 2016 6:38pm Sep 8, 2016 6:38pm
Hello, my first time posting in this thread. Been reading this thread until around page 130+
I've just downloaded the templates and put them on my MT4. Could anyone help verify and confirm if my templates are setup correctly, and my broker data feed is per Dana's data feed?

1. I have removed the DB and SAR from H1 chart.
2. I have set GMT+7 (not sure if this is the right setting.)
3. I've also set Broker Time Offset as +7. (Is this necessary? What does this do?)

Here's the Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.png Size: 58 KB


Here's the 2H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2H.png Size: 63 KB


Here's the 1H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1H.png Size: 52 KB
  • #6,346
  • Sep 8, 2016 7:18pm Sep 8, 2016 7:18pm
Quoting Pandakker
{quote} Hi, Good to hear you got the 20 pips. What i'm also always watching, as Dove also mentioned in post 6283, is the H2 parabolic flip. I don't read it in your post, but maybe you were aware of it this morning. The 2Hr parabolic did not flip. So as stated by Dove: {quote} {quote} This have saved me a few times from making a mistake. I hope you understand what I'm trying to explain here.
Hi Pandakker, thanks for the advice.

In fact I had it in my plan. At first when creating my plan yesterday with all the down signals appearing, as an entry point I had stated to wait for a H2 PSAR flip. When I re-read my plan a few times and watching the charts I then came to the conclusion how far away PSAR was from EMA and that a flip was more than likely not going to happen for a while. With all the down signals not being set in stone and opening above Purple/White slider was a good entry for me going long.

Would you mind posting your trading plan tomorrow or some time next week, just to get another traders view on the market?
  • #6,347
  • Sep 8, 2016 7:23pm Sep 8, 2016 7:23pm
Quoting EastWind
Hello, my first time posting in this thread. Been reading this thread until around page 130+ I've just downloaded the templates and put them on my MT4. Could anyone help verify and confirm if my templates are setup correctly, and my broker data feed is per Dana's data feed? 1. I have removed the DB and SAR from H1 chart. 2. I have set GMT+7 (not sure if this is the right setting.) 3. I've also set Broker Time Offset as +7. (Is this necessary? What does this do?) Here's the Daily chart. {image} Here's the 2H chart. {image} Here's the 1H chart. {image}...
Hi EastWind,

I would recommend to download a demo at Forex.com, as it was adviced by Dove, because your charts don't look the same as mine with the indicators.
  • #6,348
  • Sep 8, 2016 7:46pm Sep 8, 2016 7:46pm
EURJPY
Date: 2016-09-09 2000 NY time
News for USD EUR JPY: MED 1130 local

Daily:
ROMAR: R DN
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP - before EMA arrow and near 0
Last EMA Alert Arrow: UP
Last DB Attachment: 116.352 T
Last SAR Attachment: 113.802 B
Fibo up or down: UP
Notes: W,S crossed P, Parabolic is eliminated, ROMAR is about 25 pips above market.

1HR: Open Price: 115.364
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP before EMA arrow
Last EMA Alert Arrow: UP
Fibo up or down: DN
Notes: W crossed P for a downward swing, Fibo flipped recently

2HR:
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP
Last EMA Alert Arrow: UP
Last DB Attachment: 115.432 T
Last SAR Attachment: 115.432 T
Fibo up or down: UP
Notes: 4H are upward, DB and SAR have Magenta outer box connection

Notes for all 3 charts: Daily ROMAR is keeping the system in Consolidation, H1 and H2 are not in sync because H1 W crossed P

Entry: With both H1 and H2 ROMAR's and EMA's as support, in the moment that H2 W crosses P for an upswing enter long at or above S. Any short entry with ROMAR and EMA as support may be risky.
  • #6,349
  • Sep 9, 2016 12:52am Sep 9, 2016 12:52am
Date: 09-09-2016 - 5.00 GMT

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up after MACD up with red, green, red in between
Last DB Attachment - DB top at 116.352; SAR bottom at 113.802
Fibo up or down - Up
Notes: Purple crossed White/Smooth and is holding resistance above market together with ROMAR. EMA and PSAR (but eliminated) are holding support below the market and not much room in between.

2 HR:
OPEN PRICE - 115.226
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up before MACD up
Last DB Attachment - DB top 115.432; SAR bottom 115.007
Fibo up or down - Up
Notes: All three majors are support and we have a SAR attachment to the previous bottom candle at EMA, which could indicate that we are going to connect to a newer high with DB. White is sliding with Purple. PSAR and Purple are nowhere near EMA, so this uptrend looks pretty strong.

1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down before MACD down
Fibo up or down - Down
Notes: All 4 horsemen are down and Purple just crossed EMA. ROMAR is holding support.

Final Notes for all three charts: We are in consolidation with Daily ROMAR being resistance and H1/H2 ROMARs being support. H1 Fibo turned to red while H2 Fibo is still green. The H2 4 horsemen are all looking up with Purple/White slider and H1 4 horsemen are looking down.

Entry:
Consolidation: With H1/H2 ROMAR holding support and H2 horsemen in uptrend I will look for a long entry with open candle above H1 4 horsemen with White crossing Purple.
Long:
Short:

Notes for readjustments:

High impact news:
No high impact news today.
  • #6,350
  • Sep 9, 2016 12:56am Sep 9, 2016 12:56am
Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Down - up
Last EMA Alert Arrow - Down after MACD
Last DB Attachment - DB top at 116.352; SAR bottom at 113.802
Fibo up or down - up
Notes: PSAR is holding support and the SAR is holding support aswell. we are in a constricted consolidation between the ROMAR and the EMA.

2 HR:
OPEN PRICE - 115.226
ROMAR - support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - up before MACD
Last DB Attachment - 115.432 top and SAR 115.007 bottom
Fibo up or down - Up
Notes: all horsemen going up with a P/W cross and SAR holding support.

1 HR:
ROMAR - support
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down before MACD
Fibo up or down - down
Notes: horsemen moving down into ROMAR support

Final Notes for all three charts: 1 and 2 hour are up in regards to ROMAR/EMA and daily is down however the PSAR and SAR holding strong support. we also do have that strong support of the SAR on the 2 hour.

Entry:
Consolidation:
Long: I'd like to see the 1 hour turn around and then take a trade up from support at the 1 hour. providing that the 2 hour stays up aswell
Short: I will not be looking at a short as we are very close to the 1 and 2 hour ROMARs

High impact news:
not much although the FED kaplan and the eurogroup meetings at respectively 15 and 15.30 GMT could cause some volatility
  • #6,351
  • Sep 9, 2016 4:20am Sep 9, 2016 4:20am
Quoting InDaMoment
EURJPY Date: 2016-09-09 2000 NY time News for USD EUR JPY: MED 1130 local Daily: ROMAR: R DN EMA: S UP PSAR: S UP Last MACD 0 crossing: UP - before EMA arrow and near 0 Last EMA Alert Arrow: UP Last DB Attachment: 116.352 T Last SAR Attachment: 113.802 B Fibo up or down: UP Notes: W,S crossed P, Parabolic is eliminated, ROMAR is about 25 pips above market. 1HR: Open Price: 115.364 ROMAR: S UP EMA: S UP PSAR: S UP Last MACD 0 crossing: UP before EMA arrow Last EMA Alert Arrow: UP Fibo up or down: DN Notes: W crossed P for a downward swing, Fibo flipped...
With daily ROMAR and 4 hoursemen being resistance, i think an uptrend trade would be very risky at this time, so we wont repeat the same mistake most of us made some days ago, For me i think, i will enter for a downtrend when 2 hour paraboloics flips for resistance.
  • #6,352
  • Sep 9, 2016 4:25am Sep 9, 2016 4:25am
Quoting pradel
{quote} With daily ROMAR and 4 hoursemen being resistance, i think an uptrend trade would be very risky at this time, so we wont repeat the same mistake most of us made some days ago, For me i think, i will enter for a downtrend when 2 hour paraboloics flips for resistance.
that seems very risky as well to me as you will be shorting into the 1 and 2 hour ROMAR support. it's quite a difficult situation at the moment but I am still more convinced of a long till maybe daily white / smooth resistance than a short. just my 2 cents. also take into account that on the daily the PSAR and the EMA are still support, not resistance
  • #6,353
  • Edited 7:17am Sep 9, 2016 6:54am | Edited 7:17am
Got my 40 pips! I must admit aiming for 40 pips was a bit ambitious with Daily ROMAR in the way and 20 pips TP would have been more realistic. The bottom SAR attachment indicated a long entry and also the Fibo was still green and on H1 the slider was tight but it was slightly going up and I could just see some space between Purple and White/Smooth/EMA, where the candle opened. Again, 20 pips would probably have been a more realistic with the way things were looking, but just wanted to see where it could take me and a 40 SL would get me behind a wall of support with EMA, PSAR and ROMAR.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 59 KB
  • #6,354
  • Sep 9, 2016 9:18am Sep 9, 2016 9:18am
Lost 40 - Result: Entered trade per plan at 115.714 long at H2 W crossing P. Entry was too late. Market went up about 20 pips, turned around and down to SL. An entry at H1 W crossing P would have been good.
  • #6,355
  • Sep 9, 2016 10:01am Sep 9, 2016 10:01am
Quoting Elflaco
{quote} Hi EastWind, I would recommend to download a demo at Forex.com, as it was adviced by Dove, because your charts don't look the same as mine with the indicators.
Hi Elflaco, I thought of installing the MT4 from Forex.com as well. However, I could not find the MT4 for Mac version on their website. Hence I could only register a demo account from another broker that provides MT4 for Mac version. I loaded the chart about 19:00 EST. Do you think that could be the reason you're seeing my chart differs from your chart? Also, I had squeezed my chart horizontally so I could see more of the Bollinger Band.
  • #6,356
  • Sep 9, 2016 10:04am Sep 9, 2016 10:04am
Quoting EastWind
{quote} Hi Elflaco, I thought of installing the MT4 from Forex.com as well. However, I could not find the MT4 for Mac version on their website. Hence I could only register a demo account from another broker that provides MT4 for Mac version. I loaded the chart about 19:00 EST. Do you think that could be the reason you're seeing my chart differs from your chart? Also, I had squeezed my chart horizontally so I could see more of the Bollinger Band.
the absolute only way you can see the charts exactly as dove will be a forex.com live account. it doesn't mean that you need to trade the account live but you can purely use it for seeing things correctly. most of the time the demo and live of forex.com are the same but there are minor differences at times which are crucial.
  • #6,357
  • Sep 9, 2016 11:06am Sep 9, 2016 11:06am
Quoting EastWind
{quote} Hi Elflaco, I thought of installing the MT4 from Forex.com as well. However, I could not find the MT4 for Mac version on their website. Hence I could only register a demo account from another broker that provides MT4 for Mac version. I loaded the chart about 19:00 EST. Do you think that could be the reason you're seeing my chart differs from your chart? Also, I had squeezed my chart horizontally so I could see more of the Bollinger Band.
Yeah, I see that at Forex.com MT4 is Windows-based, so you can't run in on a Mac. I don't know how you can fix this, however, I do know that I've installed the indicators that Dove created on different brokers and they all showed the data different than Forex.com does.
  • #6,358
  • Sep 9, 2016 10:55pm Sep 9, 2016 10:55pm
Quoting EastWind
{quote} Hi Elflaco, I thought of installing the MT4 from Forex.com as well. However, I could not find the MT4 for Mac version on their website. Hence I could only register a demo account from another broker that provides MT4 for Mac version. I loaded the chart about 19:00 EST. Do you think that could be the reason you're seeing my chart differs from your chart? Also, I had squeezed my chart horizontally so I could see more of the Bollinger Band.
You could try a Windows emulator for Mac.
  • #6,359
  • Edited 4:23pm Sep 11, 2016 4:10pm | Edited 4:23pm
How about these? I took these screenshots about 5 minutes after market opened today, Sep 12th. Do the indicators look alright?

Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.png Size: 67 KB


2Hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2H.png Size: 74 KB


1Hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1H.png Size: 63 KB


If these don't look the same with the correct indicators, then could anybody help post the screenshots so I can compare what you have versus what I have on my screen? Thank you.
  • #6,360
  • Edited Sep 12, 2016 2:40am Sep 11, 2016 11:39pm | Edited Sep 12, 2016 2:40am
Date: 12-09-2016 - 4.00 GMT

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down (current candle, not set in stone)
Last EMA Alert Arrow - Up before MACD down
Last DB Attachment - DB top 116.352; SAR down 113.802
Fibo up or down - Down
Notes: Daily is in consolidation: EMA is holding resistance with Purple/White/Smooth just above it as resistance. PSAR flipped on current candle as resistance and also the MACD arrow down is showing.

2 HR:
OPEN PRICE - 115.240
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up after MACD down (current candle, not set in stone)
Last DB Attachment - 114.914 bottom for continuance of downtrend.
Fibo up or down - Down
Notes: Tight resistance slider with Purple/White below EMA and Smooth and just above ROMAR support.

1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down after MACD down with Green, Red and Green arrow in between
Fibo up or down - Down
Notes: Tight slider with EMA just above Purple/White/Smooth, but I can hardly see it. ROMAR running below the slider as support.

Final Notes for all three charts: Market going sideways at the moment with the indicators very tight. ROMAR consolidation with Daily ROMAR resistance and H1/H2 ROMAR support. Fibo's are down on all 3 charts. H2 ROMAR and Daily EMA are almost at the same level as a tough wall of support.

Entry:
Consolidation:
Long: I will enter long when H2 PSAR becomes support and is set in stone with H1 also in uptrend with PSAR as support.
Short: For a short to be considered, H1 ROMAR must become resistance first, because it looks like it will be reached by its EMA before H2 ROMAR.

Notes for readjustments:
07.30 GMT - The Green arrow on H2 hasn't been set in stone, so the downtrend is still in with H2 ROMAR as closest support.

High impact news:
No high impact news today.
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