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  • #8,301
  • Feb 28, 2017 9:27pm Feb 28, 2017 9:27pm
Quoting dove_alliance
{quote}{quote} OK Oli - Your trade was right on target for the short. What was impressive is you waiting for the open candle below ROMAR resistance. What made your entry excellent is the confluence with the Divergence on the H2; the 23..6 resistance of the Daily; and also the Smooth resistance on the Daily for the short. So because of confluence there was "0" risk. As for the SAR - that would had been a bad trade because the SAR was on the same side of the Parabolic - which means the DB would attached for the continuance of the downtrend.
Thank you Dove.
I must admit i was not looking at the divergence as a point of reference during the trade as i am still studying this particular aspect of the system and how it all falls into place. So to be honest, from the divergence and my lack of understanding it - your reference to divergence was a complete accident on my part despite noticing they were there. I understand this to mean we increase our risk by not being properly educated in this regard & i'll strive to do better. There are numerous posts related to divergence and how to use it for which we all can better understand. Thanking you.

Thank you for clearing up about my question if I had gone Long - That makes complete sense to me now.

Thank you Shaun for your recent responses as well. Much appreciated.
If you make up your own rules then the story is sad.....
  • #8,302
  • Feb 28, 2017 10:24pm Feb 28, 2017 10:24pm
http://
Attached Image (click to enlarge)
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Lesson: Greed

went for the next part of the trade to add another 20 pips but decided to go for the 40 as per the rule. where fools rush in!
thought everything was in order to go short and stay with trend
PS what other system gets you up at 4 in the morning to evaluate yourself and find out where you went wrong??
going back to bed,
Stop killing our Oceans, Stop using single use plastics.
  • #8,303
  • Edited 1:52am Mar 1, 2017 1:22am | Edited 1:52am
Back in the land of the living


DAILY CHART - DATE: 28/02/17 6.47 GMT

ROMAR: Resistance

EMA: Resistance

Parabolic: Resistance

NOTES: All three support/resistance are in compliance for a strong downtrend.
DB/SAR attached at the swing low 118.225
Blue dash and Gold divergence also attached to this point
Market just under PSAR, eliminated with white cross purple


2 HOUR CHART:

Opening: 119.238 119.780

ROMAR: Resistance

EMA: Support

Parabolic: Support

NOTES: The two hour has the 4 horsemen on a steep up trend. Purple has crossed ROMAR. EMA just below
DB attached @119.878 together with Magenta dash at the 0 fibo flip red.






1 HOUR CHART:

ROMAR: Support

EMA: Support

Parabolic: Support

Notes: The 1 hour has all 4 horsemen heading in a strong up trend slightly turning over at the top .
Magenta tag @ 119.878 (DB is removed) on red 0 Fibo

Entry: looking for short when EMA crossing purple and rejoin main trend.

Looking for Long on a pullback to smooth, however this is against ROMAR trend (at the minute)

EDIT: going to sit this one out as just got to reading post 3896 and don't quite follow? more reading and learning I guess.
Stop killing our Oceans, Stop using single use plastics.
  • #8,304
  • Mar 1, 2017 2:42am Mar 1, 2017 2:42am
Quoting shinny
That trade was trading in the moment of the 2hr Candle. And most times when you trade in the moment, you hit your profit target very quickly. You all should have been checking that once green divergence attached, SAR broke away from DB, purple at smooth for crossing, close under smooth, also red arrow showed up. Your trading into the future when you trade like this. This is a bread and butter trade, and you will all get it eventually. Very similar trade to the buy yesterday.
Deja Vu. Almost to the day a year ago. Bread & Butter Trade.... Well almost.
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  • #8,305
  • Mar 1, 2017 3:02am Mar 1, 2017 3:02am
Quoting global168
{quote} Deja Vu. Almost to the day a year ago. Bread & Butter Trade.... Well almost. {image}
that's what I was thinking Global but just got up to that post so wasn't sure. well done
Stop killing our Oceans, Stop using single use plastics.
  • #8,306
  • Mar 1, 2017 3:36am Mar 1, 2017 3:36am
Quoting jakdan
{quote} that's what I was thinking Global but just got up to that post so wasn't sure. well done
The same things happen over and over!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,307
  • Mar 1, 2017 3:39am Mar 1, 2017 3:39am
Quoting shinny
{quote} The same things happen over and over!

you mean like Arsenal finishing fourth?
  • #8,308
  • Mar 1, 2017 4:02am Mar 1, 2017 4:02am
Quoting Derek73
{quote} Hi Shinny I wondered if you would mind clearing something up for me? The ' rule ' that the divergence will be tested is confusing to me. Sometimes it does get tested ( either back to support/resistance depending on whether focus is on green/gold respectively ) and other times it reverses with both divergences together and green/gold not separated from dash pink/dash light blue...........I have studied post 4043 many times and apart from the 3 retracements in consolidation don't really get it. Any insight would be greatly welcomed! best regards...
Hi everyone, just wondered if anyone could answer this? many thanks : )
Also on one of Dove's recent posts he mentions to Oli that the long on the two hour SAR would have been a bad trade as it was the same side of purple as parabolic....... isn't this how most continuations of trend usually happen? the retracement to parabolic and attachment of SAR is an entry back into trend isn't it? the way I understood it was that if SAR attaches at top of candle eg in a reversal from down to up, and SAR is above parabolic then the parabolic will flip for the up and Dove Blue will attach? please if anyone can break this down I'd be really grateful! I've read related posts over and over and am still not sure......... thanks in advance, Derek.
  • #8,309
  • Mar 1, 2017 4:12am Mar 1, 2017 4:12am
Quoting Derek73
{quote} Hi everyone, just wondered if anyone could answer this? many thanks : ) Also on one of Dove's recent posts he mentions to Oli that the long on the two hour SAR would have been a bad trade as it was the same side of purple as parabolic....... isn't this how most continuations of trend usually happen? the retracement to parabolic and attachment of SAR is an entry back into trend isn't it? the way I understood it was that if SAR attaches at top of candle eg in a reversal from down to up, and SAR is above parabolic then the parabolic will flip...
D,
I noticed this anomaly.... of course Dana/Dove is correct.... However, IMHO, I believe he misunderstood Olives proposed entry which was B not A.
Attached Image (click to enlarge)
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  • #8,310
  • Mar 1, 2017 4:57am Mar 1, 2017 4:57am
Quoting global168
{quote} you mean like Arsenal finishing fourth?
haha yes, just like that, and Liverpool never winning the league
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,311
  • Mar 1, 2017 6:43am Mar 1, 2017 6:43am
Quoting global168
{quote} D, I noticed this anomaly.... of course Dana/Dove is correct.... However, IMHO, I believe he misunderstood Olives proposed entry which was B not A. {image}
But on your point B the ROMAR was down on all three charts; and on H2 you had EMA trend down and the 4 horsemen in full blown downtrend. No problem?
  • #8,312
  • Mar 1, 2017 7:12am Mar 1, 2017 7:12am
Quoting global168
{quote} D, I noticed this anomaly.... of course Dana/Dove is correct.... However, IMHO, I believe he misunderstood Olives proposed entry which was B not A. {image}
Hi Global,
Thanks for asking Q's. We all learn this way. It's always good to reflect and examine one's trades even when my trade proposals in this instance for a possible long entry is/was wrong - & so we all learn together.
At the reference point you have labeled "A" it was then that i was in the moment. I made a short and as per Dove's explanation he describes this entry of trade as a zero % chance of a negative trade. You will notice that the next 2hr candle after the TP40 entry trade, the market went immediately up at least 40 pips - and my Q at the time of my trade review was: if I missed the first (very good) entry for the short, would the next entry for a long as per my plan stated - would it be a good idea? Dove says no, it would not have been a good idea to go long at the 2nd candle after my short entry for the reasons he describes. I hope this helps to clear up any confusions in regards to where I was in the moment of trade entry and my Q's raised in my review.
Your reference point B - i was no longer interested in trading as my 40TP/SL was done and finalised.
I would have liked to repost my screen shots for you all at the time so you can see this clearly, but am unable to due to image software & quality .png file issues; but if you go back to my posted plan 8286 you will see the IMHO and in post 8289 the final screen shot on the 2hr shows the actual entry & TP a red & also blue very small arrows and a small trendline because the trade did not last long both the entry & TP points. (you might need to zoom in. I'm not as tech savvy as some here. the best i can do at the moment)
Hoping this helps everyone.
I'm off the computer from now. Closing my open trade early for due to market news coming up as i wont be on computer 5 min before news release. Am short of the TP40, yet still in TP zone. Happy to post my plan & review if anyone is still interested in reviewing an interrupted trade due to market news.
Good trading & happy learning.

Oli
If you make up your own rules then the story is sad.....
  • #8,313
  • Mar 1, 2017 8:01am Mar 1, 2017 8:01am
Quoting marian
{quote}But on your point B the ROMAR was down on all three charts; and on H2 you had EMA trend down and the 4 horsemen in full blown downtrend. No problem?
Hi M,

Yes.... big problem. Counter-Trading against the tidal wave downwards is considered breaking the rules............ the exception being the *Imbalance Scenario*. IMHO.
Of course, I could be wrong.... again.... just like Post 8306.... going North as I type.
  • #8,314
  • Mar 1, 2017 8:33am Mar 1, 2017 8:33am
Quoting global168
{quote} Hi M, Yes.... big problem. Counter-Trading against the tidal wave downwards is considered breaking the rules............ the exception being the *Imbalance Scenario*. IMHO. Of course, I could be wrong.... again.... just like Post 8306.... going North as I type.
Yes, OK, huge problem, agreed. If there is imbalance on Daily (in downtrends), is this reason enough to take a long trade exceptionally, or is it just a reason to avoid short trades? I for myself would not dare to counter-trade just because of imbalance on Daily. It seems to be somewhat discretionary.
  • #8,315
  • Mar 1, 2017 9:42am Mar 1, 2017 9:42am
Quoting jakdan
Back in the land of the living DAILY CHART - DATE: 28/02/17 6.47 GMT ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: All three support/resistance are in compliance for a strong downtrend. DB/SAR attached at the swing low 118.225 Blue dash and Gold divergence also attached to this point Market just under PSAR, eliminated with white cross purple 2 HOUR CHART: Opening: 119.238 119.780 ROMAR: Resistance EMA: Support Parabolic: Support NOTES: The two hour has the 4 horsemen on a steep up trend. Purple has crossed ROMAR. EMA just below...
Looking for Long on a pullback to smooth, however this is against ROMAR trend (at the minute)


oh yee of little faith!
Stop killing our Oceans, Stop using single use plastics.
  • #8,316
  • Mar 1, 2017 11:57am Mar 1, 2017 11:57am
I lost my data for the 2hr charts offline, If anyone could direct me how to get that back. The history in the offline says I have 514 bars which is almost nothing. I went to another demo and I have the 2hr chart there. Thanks for any help.
  • #8,317
  • Mar 1, 2017 12:09pm Mar 1, 2017 12:09pm
Date: 3/1/2017, 11:00 ET

Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: 118.225, bottom
Last SAR Attachment: 120.208, top
Fibo: Up

Notes: 4 horsemen trend down. PSAR resistance eliminated with White/Purple crossing. Divergence attachments with DB at the Fibo 0 level. Market above PSAR, about 40 pips below ROMAR.

2 HR:
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: 120.197, top with SAR
Fibo: Down

Notes: 4 horsemen in full blown uptrend. Magenta Divergence attachment with DB/SAR at the Fibo 0 level.

1 HR:
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Fibo up or down: Down

Notes: 4 horsemen in full blown uptrend. Market hit Fibo 0 level.

Final Notes: Market in consolidation with ROMAR trend down on Daily and up on H2; Fibo up on Daily and down on H2. Will go short with open of next candle. There will be confluence with SAR attachment on Daily, Divergence attachment on H2, Fibo 0 level on H1 and H2.

Entry:
Short with next candle open
Long off the 2 hour EMA support

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Pulled the trigger: Short at 13:00 ET with 40/40, SL above Daily ROMAR.
  • #8,318
  • Mar 1, 2017 12:58pm Mar 1, 2017 12:58pm
Quoting FourHorseMan
I lost my data for the 2hr charts offline, If anyone could direct me how to get that back. The history in the offline says I have 514 bars which is almost nothing. I went to another demo and I have the 2hr chart there. Thanks for any help.
Hello

Have you tried re-installing? Other than that, google it
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,319
  • Mar 1, 2017 1:28pm Mar 1, 2017 1:28pm
Quoting marian
{quote}Yes, OK, huge problem, agreed. If there is imbalance on Daily (in downtrends), is this reason enough to take a long trade exceptionally, or is it just a reason to avoid short trades? I for myself would not dare to counter-trade just because of imbalance on Daily. It seems to be somewhat discretionary.
Lets clear this up, because I seem to have confused people somewhat. It would never be a case of going long against the trend willy nilly, and thers no discretion involved in it.

If the market is out of balance with Daily Purple, it will either move sidewards (in consolidation) or it will move to the Daily Purple, which again would most likely put you in Consolidation on the 2hr.

You have to take the whole picture into account - there is noting discretionary about it. Take for instance the last imbalance in the last few days, the Daily Fib had flipped for the up, divergence was showing, and the imbalance was small, only around 55 or so pips.

One very important point to remember here is the EMA on the Daily. This is only the 3rd time in nearly 2.5 years that it and ROMAR have crossed. And mostly when EMA/ROMAR cross the market will retest ROMAR, then either continue back into the trend or Consolidate, or reverse the trend. So what I'm saying is all the signs were there for a retrace.

Its critical that you look at the whole picture, because if you don't you will get burned and end up catching a falling knife. Its about putting all the pieces on your plan together without analysis, opinions or assumptions and trading what is in front of you. If you over think or analyse you will start making up your own rules or miss trades because you "think".

Hope that helps clear it up.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,320
  • Mar 1, 2017 2:29pm Mar 1, 2017 2:29pm
Date: 01/03/2017 20:00

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - down
Last DB Attachment – 118.225
Fibo up

Notes: Sar Parabolic hit at 120.208 also at 38.2 fib. Candle at 20:00 open at contour line with parabolic. Parabolic eliminated as resistance as white/ purple cross.

2 HR:
ROMAR -Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment – 120.208
Fibo down

Notes: Divergence at fib 0 level with db attachment. White at purple. Candle broken through smooth

1 HR:
ROMAR - Support
EMA - Support
PSAR – Support (eliminated)

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment – N/A
Fibo down

Notes: White purple cross eliminating parabolic as support. Purple at smooth

Final Notes for all three charts: Consolidation. Short at resistance and long at support.

Entry:

Short: 20:00 candle open. Confluence: 2hr candle opened below smooth at white purple. 2hr Divergence with DB hit at 0 fib. 1 hr candle opened below EMA. Daily Sar parabolic hit at 38.2 fib.

Notes for readjustments:
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