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  • #7,561
  • Jan 17, 2017 11:05am Jan 17, 2017 11:05am
Quoting dove_alliance
For those who entered with the SAR told me you did not totally read and understood the rules for the SAR. To begin with you entred against the Smooth crossing of the H2 for the uptrend. The SAR bumped up a few pips and the DB connected. So what is this telling you? Both the H1 and H2 are at the bottom of the Green Fibo going up. It hit the 23.6 and struggling. The Daily had hit the 61.8 of the Red Fibo and struggling. ROMAR on both the H1 and H2 are down and ROMAR on the Daily is up. You are in consolidation. The question is: What is the rule for...
Dove,
Thank you for your generosity and time.
This morning as per my time zone, the price had crossed Smooth on H2 with the purple above it, but many traders including myself took the short trade as the SAR formed with 23.6 fibonacci. I understand there was DB formed earlier with green value and also there was divergence for long below. I wanted to know in this situation if SAR with parabolic resistance was more powerful although the price had gone above smooth. The price did go down and formed a new low on the daily romar with 61 fib on daily. I have gone twice through your postings but have probably missed this point.
Thanks.
  • #7,562
  • Jan 17, 2017 11:28am Jan 17, 2017 11:28am
Quoting shaan
{quote} Dove, Thank you for your generosity and time. This morning as per my time zone, the price had crossed Smooth on H2 with the purple above it, but many traders including myself took the short trade as the SAR formed with 23.6 fibonacci. I understand there was DB formed earlier with green value and also there was divergence for long below. I wanted to know in this situation if SAR with parabolic resistance was more powerful although the price had gone above smooth. The price did go down and formed a new low on the daily romar with 61 fib on...
The SAR attached before the DB which gave the SAR power. There was Divergence on top at the 23.6 Green Fibo and Divergence at the Daily bottom 61.8 Red. Since the H2 SAR had the power the target was the Daily Divergence; or 40 pips. Once the Daily 61.8 was hit the market would bounce back above the H2 Divergence and create the final Divergence and turn for the down again.

Before SAR the trend on both the H1 and H2 was up with the Horsemen. But once Divergence had hit on the H2 had ended the movement for the up and reverse with the SAR. Divergence plays a critical rule with the SAR and should always be mapped with your trading plans. This scenario is only in consolidation. There is a different scenario on trends; which also have been posted.
The Dove - Forex Trainer
  • #7,563
  • Jan 17, 2017 11:30am Jan 17, 2017 11:30am
One other thing - the rule states the Parabolic is eliminated with the White crossing. So you need to do some more studying.
The Dove - Forex Trainer
  • #7,564
  • Jan 17, 2017 11:36am Jan 17, 2017 11:36am
Quoting dove_alliance
One other thing - the rule states the Parabolic is eliminated with the White crossing. So you need to do some more studying.
Thanks Dove. I shall commit more to study. I have blown my account too many times. But this has made me mentally more strong and able to understand both your work and words more in depth. I am coming back to forex after a year but intend to win the psychological warfare first with utmost commitment to training.
  • #7,565
  • Jan 17, 2017 11:51am Jan 17, 2017 11:51am
Quoting dove_alliance
{quote} .....Once the Daily 61.8 was hit the market would bounce back above the H2 Divergence and create the final Divergence and turn for the down again. .....

Hello Dana, when you say "Final Divergence", you are talking about the Hidden Divergence (Green) ? In my H2 still the normal divergence at DB TOP 121.186 and DB TOP 121.391
  • #7,566
  • Jan 17, 2017 1:02pm Jan 17, 2017 1:02pm
Quoting Contrax
{quote} Hello Dana, when you say "Final Divergence", you are talking about the Hidden Divergence (Green) ? In my H2 still the normal divergence at DB TOP 121.186 and DB TOP 121.391
Hi Contrax. I cant see hidden green divergence behind unless I zoom out one to 90 bars on the chart and it is under the dashed line just showing. But that is completely wrong as not the right scale. Unless it is behind the solid green contour line?
  • #7,567
  • Jan 17, 2017 1:06pm Jan 17, 2017 1:06pm
Quoting nigpig
{quote} Hi Contrax. I cant see hidden green divergence behind unless I zoom out one to 90 bars on the chart and it is under the dashed line just showing. But that is completely wrong as not the right scale. Unless it is behind the solid green contour line?
if Green Divergence is not in ur chart.. is because is not in there and you must wait for automatly show himself. In fact, you never should zoom out, or zoom in because the indicators is already set in the way that is it.

The only question that im asking is if the "Final Divergence" that Dana says, is the Green, or the divergence that was atached above of the last Divergence. Thats all. Anyway i have my computer off, until 3 hours 25minutes from now, for prepare my next trade.
  • #7,568
  • Jan 17, 2017 1:21pm Jan 17, 2017 1:21pm
Quoting Contrax
{quote} Hello Dana, when you say "Final Divergence", you are talking about the Hidden Divergence (Green) ? In my H2 still the normal divergence at DB TOP 121.186 and DB TOP 121.391
Hi

You are right, there is no green divergence showing. It is actually the Magenta divergence and DB/SAR connection that allowed me to take the short in this consolidation with H2 trend still down. Also notice the hit on Daily Purple and H1 ROMAR resistance.
Attached Image (click to enlarge)
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  • #7,569
  • Jan 17, 2017 1:50pm Jan 17, 2017 1:50pm
Quoting pradel
Date: 17/1/17 Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing Down Last EMA Alert Arrow down Last DB Attachment down Fibo up or down - Down Notes: the daily is in consolidation. BB and romar in striking distance as support 2 HR: OPENING PRICE: 120.992 ROMAR - Resistance EMA Resistance PSAR - Resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow - down Last DB Attachment down, 120.749 Fibo up or down - up Notes: Smooth and white has crossed purple for the reversal. 1 HR: ROMAR Resistance...
This was my trade for today, took the 2H ema slider according to my plan but my 40 TP was not hit.
Attached Image
  • #7,570
  • Jan 17, 2017 5:21pm Jan 17, 2017 5:21pm
Date: 17 Jan 2017 Time 23:20 GMT
Session: Sydney
News: 18/01/2017 09:30 GMT Red GBP Average earnings index but later in the day. Others too but none in Sydney time.
Daily:
ROMAR Support at 50ish pts down from market at just below Fibo 61.8. Sluggish market here.
EMA Resistance over 100 pts between EMA and ROMAR below
PSAR - Resistance
Check List:
Last MACD : 30ish days down and the minso far in those days.
Last EMA : Red arrow down 7 days ago.. Long daily trend down.
Last DB Attachment: 120.524 but Fibo down from the top at 124.084.
Notes: Low point tag is moving daily on 39th bar. This wiill cause fibo to flip up in two days unless there is a new lower than the two days to go off the left side. 4 horsemen down for days but stuck in consideration with little movement at Fibo 61.8 down. Market is nearing support of ROMAR and the first resistance of purple is 100ish pts above.
2 HR:
OPEN PRICE 120.533

ROMAR Resistance at 110 pts above.
EMA Resistance as all 4 horsemen are aligned for the down.
PSAR Resistance.
Check List:
Last MACD 0 crossing: Close to zero and swapping sides with small values- nothing valuable.
Last EMA Alert Arrow: Red down 10 hours ago.
Last DB Attachment: 120.524 at the bottom dogger blue divergence signalling its not going far below.
Last Sar Attachment: under and with DB
Fibo up or down: Up and market at 12ish%
Notes: H2 is just above Daily ROMAR and not going past from the amount of testing that has failed. Market in consolidation this week so far bouncing around Up fibo 23.6%. Seems stuck but drifting slightly lower. Recent DB lower hit just now but nothing happening much. Fibo contour is a wedge in consolidation near but more than 8 hours away, but down slightly. Consideration again.


1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR Resistance and all 4 horse for the down.
Check List:
Last MACD 0 crossing: down and the interval in the consolation moves + and are getting fewer in period length.
Last EMA Alert Arrow: Red for the down 8 ours ago.
Fibo up or down: Down and against H2.
Notes: Market is in consolidation. In the movement I dont see a trade. I will wait until the charts are more in sync. I would look out for trades between support and resistance but on the H2 this is 30 pts between PSAR and DB so unlikely. Best left for another day or when daily Fib flips on Thursday.
Final Notes for all three charts: 2h and daily do not agree in that Fibos are different.
Entry: Only off support and resistance in consolidation if an opportunity presents in the H2 open.

Notes for readjustments: Big news or a sudden move in the market down could cause a change by flipping Daily Fibo for the up but that is unlikely as ROMAR is in the way. Tomorrow the 100% bottom on the daily moves closer to ROMAR and the current market in stagnation. Beware and revise.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 81 KB


Reading this through I might be over analysing and not in the moment and I'm sorry for that but I would welcome feedback.
  • #7,571
  • Jan 17, 2017 5:30pm Jan 17, 2017 5:30pm
Time 23 GMT
Daily Plan for 17 of January 2017
Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Last EMA Down
MACD - Down
DB/SAR Attachment 120.524
Fibo - Red
Notes: Nearest resistance is purple. Romar come into trading zone as support

2 HR:

OPENING PRICE: 120.533
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Last EMA Down
MACD -Down
Last DB Attachment is 120.524
Fibo green
Notes: Four hoursemen down

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
last EMA - down
last MACD - down
Fibo – red
Notes: Four hoursemen down

Final notes: Looking for short now as 2H and 1H are down but take note the daily romar support is approaching.

entry long daily romar hit.
entry short from 2H PSAR.
  • #7,572
  • Edited 2:32pm Jan 18, 2017 2:04am | Edited 2:32pm
Date:18-1-2017 @ 01.30 EST / 07.30 CET

Daily:
ROMAR -Support
EMA -Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossingDown
Last EMA Alert ArrowDown
Last DB AttachmentBottom @ 120.524
Last SAR AttachmentBottom @ 120.524
Fibo up or downDown

Notes: Market reached daily purple as Resistance.EMA and 4 Horsemen in downtrend. Romar still support but could be reached. Fibo levels changed. Market now below 61.8


2 HR:
OPEN PRICE - 120.533
ROMAR -Resistance
EMA -Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossingUP
Last EMA Alert ArrowUP but after MACD.
Last DB AttachmentBottom @ 120.524
Last SAR AttachmentBottom @ 120.524
Fibo up or downUp

Notes:4 Horsemen .aligned for up but PSAR flip not confirmed. EMA arrow occurred after MACD arrow, so upmove will be limited. Romar is stll in downtrend. EMA touched purple, no cross yet.



1 HR:
ROMAR -Resistance
EMA -Support
PSAR Support

Check List:
Last MACD 0 crossingUp
Last EMA Alert ArrowUp
Last DB Attachment
Last SAR Attachment
Fibo up or downUp

Notes:1 Hr ROMAR in downtrend. EMA in uptrend. 4 Horsemen are aligned pointing upwards.



Final Notes for all three charts:Market still in consolidation. DAILY and H1 in consolidation. H2 in downtrend but almost crossing of EMA with purple, Which would take H2 also in consolidation.

Entry:
Consolidation:

Long:Will looking for long when H2 is at Support of Horsemen and there is enough room fir 40 pips to H2 Romar.

Short:Looking to go short at 2Hr Resistance and confluence with other charts

EDIT: 03.00 EST H2PSAR flipped confirmed. EMA crossed purple so EMA become Support.

ENTRY: Went long just above open H2 bar at 03.00 EST. PSAR flip on H2 was confirmed. EMA crossed purple for up, so EMA became support. Enough room for 40 pips to ROMAR H2. Also SAR attched at prev top. DB should connect later in consolidation.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 3 KB


Evaluation: Reached the TP. Entry was a bit late.
Market was moving in a small range today
H2 Romar was reachable, but with this tight range and market moving closer to the Daily resistance I did not expect that the market would reach the H2 Romar. As also mentioned in a later post I would closed my trade with 20 pips profit just before the news release at 15.00 EST. But because of the 40/40 rule I left the trade open.
Because of the news my TP got hit.

Attached Image (click to enlarge)
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  • #7,573
  • Jan 18, 2017 12:37pm Jan 18, 2017 12:37pm
The market is so stuck on the daily fight for fibo lower but cant make it. But the H2 is armed and set ready for the Up. The new day with daily flip will be welcome (if it happens).
  • #7,574
  • Jan 18, 2017 1:13pm Jan 18, 2017 1:13pm
Quoting nigpig
The market is so stuck on the daily fight for fibo lower but cant make it. But the H2 is armed and set ready for the Up. The new day with daily flip will be welcome (if it happens).
Gold and Light Blue divergence on the daily is one of the first clues.
Life is too short to have anything but delusional notions about yourself.
  • #7,575
  • Jan 18, 2017 1:22pm Jan 18, 2017 1:22pm
Quoting hoss
{quote} Gold and Light Blue divergence on the daily is one of the first clues.
Thank you Hoss
If you were position trading on the daily then the Gold and Light Blue at the DB are the key variables and all you need.
  • #7,576
  • Jan 18, 2017 1:27pm Jan 18, 2017 1:27pm
My trade today only got me about 20 pips.

Here is my motivation: I entered when H2 PSAR was set in stone as support, so H1 and H2 horsemen were both in uptrend with a top SAR attachment on H2 for the new trend. On Daily the 4 horsemen were trending down with ROMAR as support. With my entry I was a bit far from the H2 horsemen support, but just above 23.6 Fibo. As an exit I decided to close the trade with a DB/SAR connection together with Green divergence, since the 4 horsemen are in downtrend on Daily and could be meeting resistance there.

The DB/SAR attachment together with Green divergence was right at Daily White and 61.8 Fibo, so no more than 20 pips for me today.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 18-01-2017.png Size: 68 KB
  • #7,577
  • Edited 2:36pm Jan 18, 2017 1:41pm | Edited 2:36pm
Quoting Elflaco
My trade today only got me about 20 pips. Here is my motivation: I entered when H2 PSAR was set in stone as support, so H1 and H2 horsemen were both in uptrend with a top SAR attachment on H2 for the new trend. On Daily the 4 horsemen were trending down with ROMAR as support. With my entry I was a bit far from the H2 horsemen support, but just above 23.6 Fibo. As an exit I decided to close the trade with a DB/SAR connection together with Green divergence, since the 4 horsemen are in downtrend on Daily and could be meeting resistance there. The DB/SAR...
Hi,

I got iat the same bar almost at the same level.
So for the 40/40 rule I leave my trade open, but I'm not sure if I get the 40 pips.
Market at daily resistance and on H2 the DB connection together with divergence as you also mentioned.
Also Red news in 30 min.
So normally I would also close my trade.

EDIT 15.30 EST.
My TP got hit. Just update post http://www.forexfactory.com/showthread.php?p=9451177#post9451177 (post 7574)
  • #7,578
  • Jan 18, 2017 2:39pm Jan 18, 2017 2:39pm
I have been a long time lurker and applier to this forum. This is the first time I am posting my trading plan. I have had success with Dove's strategy. I am a huge believer in it. At first I was so intimidated, but I took it day by day and I do believe I have got a good grasp at it after 8 months of studying.

Here's my trading plan for January 18. Once the 1H and the 2H were the same on my trading plan, I looked for an entry point, and that was the 23.8 Fib level. I would love to know if this was a good trade or a bad trade, or your thoughts on this. Let's talk.

As a side note, I do use dove's original charts. I just changed the colours for the one I use because the original hurts my eyes a little bit.

Attached Image (click to enlarge)
Click to Enlarge Name: trading plan jan 17 notesS.png Size: 10 KB
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trading plan jan 17 notes.png Size: 18 KB
When you work hard in silence, people don't know what to attack.
  • #7,579
  • Edited 3:29pm Jan 18, 2017 3:18pm | Edited 3:29pm
Quoting Pandakker
{quote} Hi, I got iat the same bar almost at the same level. So for the 40/40 rule I leave my trade open, but I'm not sure if I get the 40 pips. Market at daily resistance and on H2 the DB connection together with divergence as you also mentioned. Also Red news in 30 min. So normally I would also close my trade. EDIT 15.30 EST. My TP got hit. Just update post http://www.forexfactory.com/showthread.php?p=9451177#post9451177 (post 7574)
Yes very nice, and I'm glad you did manage to take 40 out of the market today, although you let it run through Yellen.
  • #7,580
  • Jan 18, 2017 5:14pm Jan 18, 2017 5:14pm
Date: 19/1/17

Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow – down
Last DB Attachment – down
Fibo up or down - up
Notes: the daily is in consolidation.

2 HR:


OPENING PRICE: 121.214
ROMAR - Resistance
EMA – Support
PSAR - Support

Check List:
Last MACD 0 crossing – uop
Last EMA Alert Arrow - up
Last DB Attachment – down, 120.636
Fibo up or down - up

Notes: Market went above Romar, Romar still holding resistance till ema crosses. Upper BB was hit.

1 HR:
ROMAR – Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing – up
Last EMA Alert Arrow – up
Last DB Attachment –up
Fibo up or down – up

Final Notes: Daily and 2H in consolidation and 1H in full uptrend, daily fibo has flipped for up. BB currently holding resistance on 2H

Entry:
Long: Retrace to 2H support or Romar with ema crossing romar for full uptrend
Short: Open candle below 2 hour ema
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