My entry today:
Date: 13-06-2017 11pm UK time
News Releases: Lots of USD red alerts for 13:30 UK time and then 19:00 and 19:30 UK time.
Daily:
ROMAR Support
EMA Resistance
PSAR Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo down
Notes: Daily down. Parabolic downtrend with Romar as support. Last DB down and last SAR down with hidden divergence. Sideways market continues.
2 HR:
ROMAR Resistance
EMA Support
PSAR Support (eliminated)
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo up
Notes: H2 trend is up. Parabolic uptrend with Romar as resistance. H2 moving sideways with the daily. Last DB was up with normal divergence. Parabolics showing uptrend although eliminated as support with white crossing purple. Smooth has now crossed purple. White is now at smooth aswell. EMA holding support for the four horsemen currently. MACD still up with EMA arrow up. Romar above purple and EMA so Romar holds the power for resistance currently.
1 HR:
ROMAR Resistance
EMA Resistance
PSAR Resistance (eliminated)
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Fibo down
Notes: Parabolic downtrend. Romar running through the middle with purple crossings. White and purple crossed followed by smooth.
Final Notes: Consolidation, with daily moving sideways and the H2 trend chart showing this. H2 has Romar holding the resistance power still. H2 is ranging so will trade the Romar trend. Entry will be a short off resistance. H2 is in the process of consolidating for either a reversal parabolic change of trend, or continuation up for a hit on Romar resistance. Next H2 DB will be down with the SAR. Will need to wait patiently for push up to resistance.
Entry:
Short: Missed ideal entry, but still pulled trigger short once daily resistance hit and H2 above Romar resistance. Set TP 40 SL 40.
Notes for readjustments: Waited up for new daily candle which opened above smooth resistance. Next resistance for daily is EMA.
Notes from the morning UK time: H2 chart shows EMA sliding under horsemen forcing parabolic trend up to Romar. Still waiting for daily to hit resistance.
Evaluation: TP hit. Looks like my plan was correct, but my entry wasn't the best. I missed the ideal entry which was once daily EMA resistance was hit (around 50 fibo for added confluence) This was due to powers outside my control (being at work at the time). This trade was through the news release, but the Paradox story told me the way which the market was going so I had faith to pull the trigger. If I had managed to go short right at the top, TP would have been hit earlier. If this was a live account, I would have passed this entry as I was too late, but seeing as this is demo and I'm still learning, it was good practice to continue to prove the point and my plan.
Date: 13-06-2017 11pm UK time
News Releases: Lots of USD red alerts for 13:30 UK time and then 19:00 and 19:30 UK time.
Daily:
ROMAR Support
EMA Resistance
PSAR Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo down
Notes: Daily down. Parabolic downtrend with Romar as support. Last DB down and last SAR down with hidden divergence. Sideways market continues.
2 HR:
ROMAR Resistance
EMA Support
PSAR Support (eliminated)
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo up
Notes: H2 trend is up. Parabolic uptrend with Romar as resistance. H2 moving sideways with the daily. Last DB was up with normal divergence. Parabolics showing uptrend although eliminated as support with white crossing purple. Smooth has now crossed purple. White is now at smooth aswell. EMA holding support for the four horsemen currently. MACD still up with EMA arrow up. Romar above purple and EMA so Romar holds the power for resistance currently.
1 HR:
ROMAR Resistance
EMA Resistance
PSAR Resistance (eliminated)
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Fibo down
Notes: Parabolic downtrend. Romar running through the middle with purple crossings. White and purple crossed followed by smooth.
Final Notes: Consolidation, with daily moving sideways and the H2 trend chart showing this. H2 has Romar holding the resistance power still. H2 is ranging so will trade the Romar trend. Entry will be a short off resistance. H2 is in the process of consolidating for either a reversal parabolic change of trend, or continuation up for a hit on Romar resistance. Next H2 DB will be down with the SAR. Will need to wait patiently for push up to resistance.
Entry:
Short: Missed ideal entry, but still pulled trigger short once daily resistance hit and H2 above Romar resistance. Set TP 40 SL 40.
Notes for readjustments: Waited up for new daily candle which opened above smooth resistance. Next resistance for daily is EMA.
Notes from the morning UK time: H2 chart shows EMA sliding under horsemen forcing parabolic trend up to Romar. Still waiting for daily to hit resistance.
Evaluation: TP hit. Looks like my plan was correct, but my entry wasn't the best. I missed the ideal entry which was once daily EMA resistance was hit (around 50 fibo for added confluence) This was due to powers outside my control (being at work at the time). This trade was through the news release, but the Paradox story told me the way which the market was going so I had faith to pull the trigger. If I had managed to go short right at the top, TP would have been hit earlier. If this was a live account, I would have passed this entry as I was too late, but seeing as this is demo and I'm still learning, it was good practice to continue to prove the point and my plan.
Never Give Up
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