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  • #9,281
  • May 11, 2017 3:00am May 11, 2017 3:00am
Quoting manin011
Good moning Goes smoothly with start of London section Reasons: 1 - in h2 candle of the last hours have to break EMA and 23,6% I stay and close up. 2 - In H1candle closing above EMA, but in the last candle closed below, nevertheless I entered 3 - High volatility of the London section, but I am not very sure of success so it is 20/40 {image}
Miraculously it worked, but as I read this I just thought how weak my motives were.
Post 2,471
1. The slider on the 1 hour for the continuance of the downtrend.
2. An open candle above the 2 hour Smooth at the purple crossing for an entry going long with EMA holding resistance.
If a slider is in the makings then the 2 hour EMA will hold resistance. So take these two elements into consideration the best entry would be off the 2 hour EMA for the short without the 2 hour Smooth crossing or waiting for an open above the 2 hour EMA for the long with both White / Smooth crossing of Purple.
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  • #9,282
  • May 11, 2017 3:15am May 11, 2017 3:15am
Purple is up smooph on H1 but market far above
Of the 4 horse I believe should one wait for the candle to close support on the next candle for next entry long, and so close the day (20/40) is this?
  • #9,283
  • May 11, 2017 3:20am May 11, 2017 3:20am
Quoting shinny
Hello Traders As Dana already stated, there has been a number of opportunities today. You could have traded short from the Upper BB, Long from the 2hr EMA/PSAR or Long from Daily Smooth (as I did). Each one of those trades is within the rules of the system. Here is a 2hr screenshot. The first 2 arrows are entries at the open of that bar, the last one is the one I took. I waited for a positive bar from Daily Smooth, with the DB and Divergence attached: {image} {image} I was slightly late with my entry as I was busy with something else, but I still...
Hi everyone, Shinny I have been studying the post above which is really helpful thank you!, however the hit on the bollingers for the short you pointed out I'm a bit confused. To me on that trade all charts were pointing north and not in consolidation ( which I know you can trade off the bollingers in consolidation ) is it because of the beginnings of consolidation - ie was the 2h fibo red? I think the daily was too? I'm sure I remember reading that if the fibos are not in sync that it can be classed as consolidation....... thanks again for helping us out : ) Derek.
  • #9,284
  • May 11, 2017 3:35am May 11, 2017 3:35am
Quoting Derek73
{quote} Hi everyone, Shinny I have been studying the post above which is really helpful thank you!, however the hit on the bollingers for the short you pointed out I'm a bit confused. To me on that trade all charts were pointing north and not in consolidation ( which I know you can trade off the bollingers in consolidation ) is it because of the beginnings of consolidation - ie was the 2h fibo red? I think the daily was too? I'm sure I remember reading that if the fibos are not in sync that it can be classed as consolidation....... thanks again...
Hello Derek

There is a very good reason to take the short trade and that is the gap at the open and the close back out of the BB. There was only one dorection that was going and it was down.

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,285
  • May 11, 2017 4:17am May 11, 2017 4:17am
Quoting shinny
{quote} Thats because he's posted USDJPY for some reason.
Well that was pretty silly of me. Sorry for creating confusion. Very sorry.

I'll delete the incorrect pair & post the EURJPY ones in original post if i can.....success. Sorry again.
If you make up your own rules then the story is sad.....
  • #9,286
  • May 11, 2017 5:05am May 11, 2017 5:05am
Quoting shinny
{quote} Hello Derek There is a very good reason to take the short trade and that is the gap at the open and the close back out of the BB. There was only one dorection that was going and it was down. Hope that helps. Shaun
Thanks Shinny, more knowledge gained! I really appreciate your time : )
  • #9,287
  • May 11, 2017 6:13am May 11, 2017 6:13am
Buy entry at 123.97, so I saw SAR emerge in H2. I hope I did it right this time. But I myself would not have entered seeing EMA and MACD down, but as I saw that trades are taken out excellent results I decided to try. I realize that I have a big difficulty to see the big picture.

Att
  • #9,288
  • May 11, 2017 6:39am May 11, 2017 6:39am
Quoting manin011
Buy entry at 123.97, so I saw SAR emerge in H2. I hope I did it right this time. But I myself would not have entered seeing EMA and MACD down, but as I saw that trades are taken out excellent results I decided to try. I realize that I have a big difficulty to see the big picture. Att
This entry was on my trading plan and I took it also after some readjustments, you are right both arrows don't look good but check H1 ROMAR (after H1 EMA slider for the long) and D1 Smooth support confluences for your long. Red news are a problem, but for the sake of learning I encourage you to keep and watch it, you lose nothing after all.

Hope this helps with the big picture, mind you I'm no expert myself, cheers.

Pablo
"Know thyself."
  • #9,289
  • May 11, 2017 6:52am May 11, 2017 6:52am
From what I've been reading so far...

If I'm looking to buy/sell on a BB, does this need to hit on the 2 hour chart? Or, would the 1 hour work for this too? I know the 1 hour is the chart to get an entry point, but wondered if it can ever be used to set up a BB trade?

Looks like the EUR/JPY is getting close to the BB on the 2hr chart.
  • #9,290
  • May 11, 2017 7:14am May 11, 2017 7:14am
Quoting miau1
{quote} This entry was on my trading plan and I took it also after some readjustments, you are right both arrows don't look good but check H1 ROMAR (after H1 EMA slider for the long) and D1 Smooth support confluences for your long. Red news are a problem, but for the sake of learning I encourage you to keep and watch it, you lose nothing after all. Hope this helps with the big picture, mind you I'm no expert myself, cheers. Pablo
Yes, thank you, we're together. Lol
  • #9,291
  • May 11, 2017 7:46am May 11, 2017 7:46am
Quoting manin011
{quote} Yes, thank you, we're together. Lol
Yes, I took SAR-PSAR entry mid candle, at H1 ROMAR/D1 Smooth, but is lost anyway.

I wonder if taking it mid-candle was the mistake even with the confluences, because after I placed the order (but before the candle closed): DB attached, H2 PSAR flipped and H2 horsemen are starting a turn down -not slider-.
I would have made no entry if I waited, as after the candle close this was not the SAR-PSAR entry I had foreseen on my trading plan anymore. Any input on this mid-candle matter would be very appreciated, as I would like to filter the mistake.

Regards.

Edit. Explained it more clearly.
"Know thyself."
  • #9,292
  • May 11, 2017 8:06am May 11, 2017 8:06am
Quoting miau1
{quote} Yes, I took SAR-PSAR entry mid candle, at H1 ROMAR/D1 Smooth, but is lost anyway. I wonder if taking it mid-candle was the mistake even with the confluences, because after I placed the order (but before the candle closed): DB attached, H2 PSAR flipped and H2 horsemen are starting a turn down -not slider-. I would have made no entry if I waited, as after the candle close this was not the SAR-PSAR entry I had foreseen on my trading plan anymore. Any input on this mid-candle matter would be very appreciated, as I would like to filter the mistake....
This is how I am looking at it - The sar hit on parabolic was too close to the news entry, you would have had to close that entry pretty soon anyway. Waiting for the news release to shake up the market. The Hit on H2 Romar/ H1 BB and more importantly daily smooth, entry with the DB and divergence going long on H2.

I'm probably wrong, but just my 2 cents.
Never Give Up
  • #9,293
  • May 11, 2017 8:25am May 11, 2017 8:25am
Quoting Retrogue
{quote} This is how I am looking at it - The sar hit on parabolic was too close to the news entry, you would have had to close that entry pretty soon anyway. Waiting for the news release to shake up the market. The Hit on H2 Romar/ H1 BB and more importantly daily smooth, entry with the DB and divergence going long on H2. I'm probably wrong, but just my 2 cents.
Hello guys

I'll be online later, bit busy now doing a BBQ for family, but we will go through it later and help put things straight for you.

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,294
  • May 11, 2017 8:29am May 11, 2017 8:29am
Quoting shinny
{quote} Hello guys I'll be online later, bit busy now doing a BBQ for family, but we will go through it later and help put things straight for you. Regards Shaun
Thanks a lot, enjoy it!
"Know thyself."
  • #9,295
  • May 11, 2017 8:38am May 11, 2017 8:38am
Quoting manin011
Buy entry at 123.97, so I saw SAR emerge in H2. I hope I did it right this time. But I myself would not have entered seeing EMA and MACD down, but as I saw that trades are taken out excellent results I decided to try. I realize that I have a big difficulty to see the big picture. Att
St take -40. For 6 (123,569) units did not pick up. I think that's fine, the volatility was high but I could not have been too hasty either. This trade was made while I was on the bus on the way to work and forgot to check the possibility of having a target in an exact number. See you
  • #9,296
  • May 11, 2017 9:22am May 11, 2017 9:22am
Okay, what did I do wrong? Haha.

Earlier today (around 11GMT) the EJ hit the lower BB on the 1hr chart. So, I took this to mean 'buy' expecting it to retrace to the ema again. However, it just kept falling! What error did I make?

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I've reached page 40 but there's a few bits I don't quite grasp yet. I'll start again from pg. 1 and work up again. I will get this! Thanks in advance.
  • #9,297
  • Edited 9:59am May 11, 2017 9:42am | Edited 9:59am
Quoting plymgary
Okay, what did I do wrong? Haha. Earlier today (around 11GMT) the EJ hit the lower BB on the 1hr chart. So, I took this to mean 'buy' expecting it to retrace to the ema again. However, it just kept falling! What error did I make? {image} I've reached page 40 but there's a few bits I don't quite grasp yet. I'll start again from pg. 1 and work up again. I will get this! Thanks in advance.
Hello

Best way to work is when your ready to post a plan, post a plan. When you make your entry, post the chart with the entry. After the trade has closed, do your post-trade evaulation.

In all honesty, your not ready to be making trades. As you stated, your at page 40. That isn't enough. If you start making trades - that incidentally will lose because you dont yet know enough, you will sicken yourself off the system and move on to something else.

Forget about making trades for a week or so, just study hard, and watch the market and how the system works.

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,298
  • May 11, 2017 10:07am May 11, 2017 10:07am
Quoting shinny
{quote} Hello Best way to work is when your ready to post a plan, post a plan. When you make your entry, post the chart with the entry. After the trade has closed, do your post-trade evaulation. In all honesty, your not ready to be making trades. As you stated, your at page 40. That isn't enough. If you start making trades - that incidentally will lose because you dont yet know enough, you will sicken yourself off the system and move on to something else. Forget about making trades for a week or so, just study hard, and watch the market and how...
Thanks Shaun. I'm only demo trading to play around with my theories. Of course, I'm nowhere near ready but no harm in practising as I go along.

There's so much to take in. It all gets a bit confusing. Still, if it were that easy then everyone would be doing it! I'll keep going until it 'clicks' into place.

Thanks for the help (again!) though.
  • #9,299
  • May 11, 2017 10:34am May 11, 2017 10:34am
Quoting plymgary
{quote} Thanks Shaun. I'm only demo trading to play around with my theories. Of course, I'm nowhere near ready but no harm in practising as I go along. There's so much to take in. It all gets a bit confusing. Still, if it were that easy then everyone would be doing it! I'll keep going until it 'clicks' into place. Thanks for the help (again!) though.
Hello again

Theres no harm in "having a go", but I don't want you to get disheartened if you "lose" on your demo trades.

Take things slowly, the market and us all will be here next week, next month or in 6 months.

Any questions or help, just shout out. Also, feel free to PM me, I'm happy to help if I can.

Regarding your question before, I'll answer that shortly as mentioned to my other two friends earlier.

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,300
  • May 11, 2017 10:57am May 11, 2017 10:57am
Quoting shinny
{quote} Hello again Theres no harm in "having a go", but I don't want you to get disheartened if you "lose" on your demo trades. Take things slowly, the market and us all will be here next week, next month or in 6 months. Any questions or help, just shout out. Also, feel free to PM me, I'm happy to help if I can. Regarding your question before, I'll answer that shortly as mentioned to my other two friends earlier. Hope that helps. Shaun
Thank you for your help Shaun. I was also confused as to why EURJPY dropped today. My only guess would be the touch on purple on the daily and the open candle below the EMA line on the 2H. I'm not 100% sure if this is right though. I apologize if i'm wrong.
"Cast your burden upon the Lord and He will sustain you"
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