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  • #8,601
  • Mar 15, 2017 6:59pm Mar 15, 2017 6:59pm
Quoting dove_alliance
Lets make this real simple - You have the H1 ROMAR as Resistance and the H2 ROMAR as Support with less than 40 for a trade. So take it from there.
With a plan deliberately going against the Parabolic trend at open & lack of confluence of H1 H2 that was a pretty dumb demonstration. Did not check the H1 before pulling the trigger either - another dumb move. Swiss cheese effect in horrible action. You deserve better from me by now.
Have not got the whole picture in what you are saying in regards to the less than 40 for a trade yet... Do you mean ?Long? as per my plan & stupidly against H1 ROMAR where there is absolutely no room to move or for a long? ....but will get there shortly without assistance please. Need to fight this one alone.
What i do see in your later entry compared to my earlier where the options for both long or short options in the plan are kept off the table, is that the H1 & H2 were confluent in your trade & not in mine. Pretty simple stuff - & this is the difference between a no trade day (a fail) or a SL40 (a fail) and the wait be patient TP40 consolidation in trend scenario. This is what i see revealed in yesterdays lesson. This is real simple. If there is anything else other than that, i do not currently see it.
If you make up your own rules then the story is sad.....
  • #8,602
  • Mar 15, 2017 7:29pm Mar 15, 2017 7:29pm
Trying again

Date: Eur/Jpy 0900 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Down
Last DB Attachment 118.225
Fibo up or down Up
Notes: Up trend with SAR detached from DB above down to EMA
2 HR:
OPEN PRICE - 121.807
ROMAR - Support
EMA - Support
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Up
Last DB Attachment 122.048
Fibo up or down Up
Notes: Consolidated down trend with the PSAR. DB/SAR with light blue divergence noted.
1 HR:
ROMAR - Resistance
EMA - Support
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment N/A on 1hr charts
Fibo up or down Up
Notes: Market Open candle above PSAR. Just come out of a slider down trend.
Market News For EUR/JPY/USA. market news tentative for JPY all of Tokyo session. I believe this means no trading till after Tokyo session. USD later in the day.
Final Notes: Daily up with candle reached EMA with a SAR, H2 consolidated down trend right on ROMAR support. H2 down trend did not break out of ROMAR support nor from PSAR resistance. H2 DB low on 121.191 with green tag.
Entry: Stay out till after JPY session or 2 hours post confirmation of all JPY tentative & scheduled news being released.
Short from SAR off DB divergence plus a H2 PSAR touch of SAR with H1 confluence.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: H2 16-3-17 at 8.43.54 am.png Size: 91 KB
If you make up your own rules then the story is sad.....
  • #8,603
  • Mar 16, 2017 1:18am Mar 16, 2017 1:18am
Date: 16/03/17 06.16 GMT

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: 122.873
Fibo: Down

Notes: The Daily has the 4 horsemen in an up trend, turning over with white crossing purple. DB Attachment at the high 122.873 together with Magenta dash, tag and green divergence. Gold and LB Div at the low red fibo 118.225. SAR attached @121.191. Fibo flip to red.

2 HR:
OPEN PRICE – 121.812 – 121.520
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 121.191
Fibo: Up

Notes: The 2 hour has the four horsemen in a down trend below ROMAR support. DB/SAR attached at 0 fibo Green with LSB. Last EMA red and MACD below 0

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

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: N/A
Fibo: up

Notes: The 1 hour has the four horsemen also running through the center leaning towards a downtrend.

Final Notes for all three charts: the market is in consolidation. The ROMAR trend is still up on the daily and 2hr with EMA almost crossing ROMAR on 2.
Entry:
Consolidation:
Long:
Short: Short off Resistance in the moment.

NEWS: BOJ due anytime. US Philly fed and Unemployment claims 12.30 GMT
Stop killing our Oceans, Stop using single use plastics.
  • #8,604
  • Mar 16, 2017 3:01am Mar 16, 2017 3:01am
Quoting jakdan
{quote} Sound post Oli, thanks for your input and Spock like Logic. check out the 3 red candles on your snapshot. don't know myself if carrying any weight but looks quite coincidental for the slider???? cheers Ant PS they are not on my sitting on a train with Dodgy Laptop charts, that's how I noticed them.
Thanks Ant.
Please make sure my inadequacies in trying to communicate effectively in the written format combined with the poor performance in trading does not interfere with your own learning though. We all have our own demons to contend with before we should be taking on Mr Spock's as well. "I'm Givin' Her All She's Got, Captain!"
If you make up your own rules then the story is sad.....
  • #8,605
  • Mar 16, 2017 6:23am Mar 16, 2017 6:23am
THANKS FOR TODAY's 20pips . thank u dove.

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

four houseman are uptrend,but purple is crossing white, so there are some risk to make a long.

2 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
its in downtrend.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
its also in downtrend.

but i think its not a good trade,because its late for the pos to short,maybe 121.61is the best pos to make a short, i'm late for one hours but its still works.
Attached Image
  • #8,606
  • Mar 16, 2017 7:07am Mar 16, 2017 7:07am
[quote=OliveBranch;9670985]Trying again Date: Eur/Jpy 0900 Sydney Time CHECK NEWS RELEASE BEFORE TRADING Yes - if No...... STOP .....do not proceed with Plan Daily: ROMAR - Support EMA - Support PSAR - Support Check List: .........

Hmpfff. Murphy's Law strikes. Shall stick it out now because i chose to choose & shall take responsibility...
Still laughing. Chin up. Off to sleep now. I've seen enough for the day since Jpy session completed. Good trading everyone.
If you make up your own rules then the story is sad.....
  • #8,607
  • Mar 16, 2017 7:09am Mar 16, 2017 7:09am
Quoting Flacthing
THANKS FOR TODAY's 20pips . thank u dove. Daily: ROMAR - Support EMA - Support PSAR - Support four houseman are uptrend,but purple is crossing white, so there are some risk to make a long. 2 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance its in downtrend. 1 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance its also in downtrend. but i think its not a good trade,because its late for the pos to short,maybe 121.61is the best pos to make a short, i'm late for one hours but its still works. {image}
If you hadn't meddled with the trade you would have gotten 40 pips, so yes although you were late you have broken the rules.

Just to recap, here is what you need to do:

1) Post your plan
2) Post your entry with the 2hr chart enclosed
3) Post your post-trade evaluation

Not a great start I'm afraid. Another that has read the first 2 pages and gets it already. If you start breaking the rules on your first post, within a week you will have changed the rules of the system and will then go off into the world blaming the Paradox for your losses.

Thanks
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,608
  • Mar 16, 2017 7:51am Mar 16, 2017 7:51am
Quoting shinny
{quote} If you hadn't meddled with the trade you would have gotten 40 pips, so yes although you were late you have broken the rules. Just to recap, here is what you need to do: 1) Post your plan 2) Post your entry with the 2hr chart enclosed 3) Post your post-trade evaluation Not a great start I'm afraid. Another that has read the first 2 pages and gets it already. If you start breaking the rules on your first post, within a week you will have changed the rules of the system and will then go off into the world blaming the Paradox for your losses....
thank u for ur advice shinny,its useful for me.
i remember that dove said if i m new in this system,so i should choose the 20/40 pips, so i take profit with 20pips..
and sorry for my simple plan, ,i will learn more and working more hard for dove system.
  • #8,609
  • Edited 8:33am Mar 16, 2017 8:14am | Edited 8:33am
Quoting shinny
{quote} If you hadn't meddled with the trade you would have gotten 40 pips, so yes although you were late you have broken the rules. Just to recap, here is what you need to do: 1) Post your plan 2) Post your entry with the 2hr chart enclosed 3) Post your post-trade evaluation Not a great start I'm afraid. Another that has read the first 2 pages and gets it already. If you start breaking the rules on your first post, within a week you will have changed the rules of the system and will then go off into the world blaming the Paradox for your losses....

and dear shinny another question here.

i have reading the post,and i found that the safe trade maybe is the time when previous trend have changed to a new direction,the time when the new trend is confirmed(four horseman are all in R/S) is the entry right?but what if we get our 40pips one day ,and in the next day, the trend is continue without any swing(four strong horseman,with out any cross the whole day.)so if we entry at the next day,we may put us in risk because the next day is the mid of the trend and the trend may turn direction,so my question is whether i should open a new trade on the day continue last day's trend ?

look at the picture, we assume that the 1h is the same as 2h. they are all in a strong trend. so can i make a new trade in the open of the second day?



the last picture may say my question clearly. thanks dove and shaun.
Attached Image(s) (click to enlarge)
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  • #8,610
  • Mar 16, 2017 9:18am Mar 16, 2017 9:18am
Quoting shinny
{quote} If you hadn't meddled with the trade you would have gotten 40 pips, so yes although you were late you have broken the rules. Just to recap, here is what you need to do: 1) Post your plan 2) Post your entry with the 2hr chart enclosed 3) Post your post-trade evaluation Not a great start I'm afraid. Another that has read the first 2 pages and gets it already. If you start breaking the rules on your first post, within a week you will have changed the rules of the system and will then go off into the world blaming the Paradox for your losses....
Well Shaun - the same guy that can't speak English. I now must contact Twee as this is his third username
The Dove - Forex Trainer
  • #8,611
  • Mar 16, 2017 1:10pm Mar 16, 2017 1:10pm
Quoting jakdan
Date: 16/03/17 06.16 GMT Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: 122.873 Fibo: Down Notes: The Daily has the 4 horsemen in an up trend, turning over with white crossing purple. DB Attachment at the high 122.873 together with Magenta dash, tag and green divergence. Gold and LB Div at the low red fibo 118.225. SAR attached @121.191. Fibo flip to red. 2 HR: OPEN PRICE 121.812 121.520 ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD...
Self Evaluation: I think I have phase 1 of the puzzle only time will tell?
thought I had missed the opportunity at around 7.15 gmt as I had to leave for work and was hoping to catch the exact trade that came off at the 8.00 candle, the news came 1st and by the time I got to work it was over.
however a lesson learned this week alone (I think) and I waited for the SAR to attach also the 1 hr Romar Resistance. took it and got down to about 35 pips and I thought it was retracing as I was a little late with the entry (doing it off a mobile phone takes a little more time) to get my 40. It actually hit my TP but the spread kept me in. TBH I wanted to take out and run. No have faith its Demo and you need the test.
Bingo next candle TP hit.

snapshot to follow ASAP

Next part of the puzzle is the next quest. if I am right of course, it might just be a figment of this minced up head at the moment
Attached Image (click to enlarge)
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Stop killing our Oceans, Stop using single use plastics.
  • #8,612
  • Mar 16, 2017 1:13pm Mar 16, 2017 1:13pm
Hello everyone,

This is how I saw things today:


Date: 3/16/2017, 06:50 ET

Daily:
ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: 122.873, top
Last SAR Attachment: 121.118, bottom
Fibo: Up

Notes: 4 horsemen in uptrend. White at Purple.

2 HR:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB/SAR Attachment: 121.638, bottom
Fibo: Up

Notes: 4 horsemen in full blown downtrend. DB/SAR and SkyLightBlue/Gold attached at Fibo 0%. Lower BB hit.

1 HR:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

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

Notes: 4 horsemen in downtrend, White crossing Purple, lower BB hit, market retraced above Parabolic.

Final Notes: The 2 hour has SkyLightBlue and Gold attached at Fibo 0%, lower BB hit, ROMAR crossed EMA and became resistance. The Daily has White at Purple. Unemployment claims and other major news releases at 08:30 ET.

Entry: Short at ROMAR and Parabolic resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: 001.png Size: 87 KB


Evaluation: As I'm learning, I'm not allowed to hold a trade during news releases, but just let me write down how I saw things today regarding confluence. The trend was down on the 2 hour and on the 1 hour with the ROMAR, the EMA and the Parabolic. The market was below ROMAR resistance on both the 2 hour and the 1 hour. It had hit the lower BB on the 2 hour (and on the 1 hour). Both the DB/SAR as well as SkyLightBlue and Gold were attached at Fibo 0%. These are the reasons why the market retraced to EMA. Furthermore, there was the ROMAR/EMA crossing on the 2 hour, which is another reason why the market retraced to the 2 hour ROMAR to test it. The Parabolic was right there at the 2 hour ROMAR. The 4 horsemen on the 2 hour were in a clear downtrend at the moment of entry with the Purple sliding below the White. So there was a good chance that the market would move down again 40+ pips. Then the SAR attached at the top above the Parabolic. Then, after the news releases, there was another chance to enter short at ROMAR above the Parabolic. So I hope my entry idea was not totally absurd this time, was it?

Attached Image (click to enlarge)
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  • #8,613
  • Mar 16, 2017 1:23pm Mar 16, 2017 1:23pm
Quoting dove_alliance
{quote} Well Shaun - the same guy that can't speak English. I now must contact Twee as this is his third username
I just don't understand trolls...
Dreamer
  • #8,614
  • Mar 16, 2017 1:24pm Mar 16, 2017 1:24pm
Quoting jakdan
{quote} Self Evaluation: I think I have phase 1 of the puzzle only time will tell? thought I had missed the opportunity at around 7.15 gmt as I had to leave for work and was hoping to catch the exact trade that came off at the 8.00 candle, the news came 1st and by the time I got to work it was over. however a lesson learned this week alone (I think) and I waited for the SAR to attach also the 1 hr Romar Resistance. took it and got down to about 35 pips and I thought it was retracing as I was a little late with the entry (doing it off a mobile phone...
Good job, I did not wait for the SAR attachment
  • #8,615
  • Mar 16, 2017 1:29pm Mar 16, 2017 1:29pm
Quoting marian
{quote}Good job, I did not wait for the SAR attachment
thanks Marian.

It felt like I was actually waiting for it.

you think I had won the £580 for real the way I acted
Stop killing our Oceans, Stop using single use plastics.
  • #8,616
  • Mar 16, 2017 1:33pm Mar 16, 2017 1:33pm
Quoting dudko777
{quote} I just don't understand trolls...
they don't understand it themselves their English is bad
Stop killing our Oceans, Stop using single use plastics.
  • #8,617
  • Mar 16, 2017 1:57pm Mar 16, 2017 1:57pm
I've been studying and watching the market today, as there were so many impact news, and tonight I'm not making a trading plan either because of the G20 meetings, but wanted to post a reminder to everybody:

Quoting dove_alliance
The G20 Meeting happens a couple times a year and begins on a Friday and ends on the following Sunday. This is a very high impact meeting. My suggestion is when it shows up on your economic news release - just take a 3 day week-end off.
Cheers, and have a good weekend.
"Know thyself."
  • #8,618
  • Mar 16, 2017 2:11pm Mar 16, 2017 2:11pm
Quoting jakdan
{quote} they don't understand it themselves their English is bad
haha, yeah
Dreamer
  • #8,619
  • Mar 16, 2017 2:30pm Mar 16, 2017 2:30pm
Hello Traders

I thought I would share my entry with you today.

I entered on the open bar with the arrow after the retracement to smooth. I hope that that trade is self explanatory? I was also going to enter after that, with a long trade, after the market pierced the Lower BB, but I wasn't 100% happy with the distance from the entry to the 2hr ROMAR. The long would have tied in nicely with the Daily, in fact the close of that 2hr bar was right on the Daily EMA.

After that we got the SAR which has now just switched over to the current candle and will likely switch to the DB with Magenta on top and confirm a new upward swing.

Just looked and its just done that lol

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 160317.jpg Size: 396 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EJ 160317 PRINT.jpg Size: 7 KB


When you see this pattern:

Attached Image


The market will make a new high/low, and usually it will pierce the outer BB. You will then get the SAR at the PSAR and the market will move up/down opposite to the SAR, but it will then move back up/down past the SAR and the DB and Magenta or Light Sky Blue will attach, confirming the new trend. This is how reversals or deeper pullbacks usually work - so watch out for them. Always look at the divergences, fib, Daily S/R for turning points and make sure you check the Daily, as today the SAR is attached on the Daily, and what does that mean? It means the Daily is at least going up to flip the 2hr fib back down, and the Daily will either surpass the previous high at which point you will notice the DB/SAR will look different, like this form example:

Attached Image


Or it will fail at the previous high or before and then move back down and change the previous SAR to the DB and Light Sky Blue for a trip downstairs.

When the DB is running on its own like it is now on the 2hr, and going back into the trend, you never, ever trade against it, because it can and will go to the moon.

Study the DB/SAR because when you tie it in with the other elements of the system it will help you on the turn, give you confidence to get back into the trend early, and also get you in the trend before it ends. And if you can put each element together it will help keep you out of bad trades at the end of trend/deeper pullbacks etc.

Hope that helps!

Shaun
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 160317.jpg Size: 396 KB
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,620
  • Mar 16, 2017 3:36pm Mar 16, 2017 3:36pm
Quoting shinny
Hello Traders I thought I would share my entry with you today. I entered on the open bar with the arrow after the retracement to smooth. I hope that that trade is self explanatory? I was also going to enter after that, with a long trade, after the market pierced the Lower BB, but I wasn't 100% happy with the distance from the entry to the 2hr ROMAR. The long would have tied in nicely with the Daily, in fact the close of that 2hr bar was right on the Daily EMA. After that we got the SAR which has now just switched over to the current candle and will...
more enlightenment. thanks very much for your time.

every day is a school day. (I wish I enjoyed my school as much)
Stop killing our Oceans, Stop using single use plastics.
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