Thought I would share my trade today
Date: 20 August 2018 9pm Candle Open
News Releases:
Daily:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo up
Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB down with Normal and Hidden Divergence. SAR broken off and attached up at 23.6 Fibo. Purple crossed White. MACD down. EMA just above 23.6 Fibo which is currently Resistance.
H4:
ROMAR – Resistance
EMA – Support
PSAR – Support
Check List:
Last DB Attachment - up
Fibo up
Notes: Romar Resistance with EMA and Parabolic Support, although Eliminated. Long Term Trend Down, Short Term Trend Up. Last DB/ SAR up with Normal and Hidden Divergence. Purple crossing White. Fibo up.
2 HR:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down
Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB/ SAR up at 0 Fibo with Normal Divergence. MACD down.
1 HR:
ROMAR – Support
EMA – Support
PSAR – Support
Notes: Romar Support with EMA and Parabolic Support. Long Term and Short Term Trends up.
Final Notes: Daily Trend is Down with the SAR up at 23.6 as a wall of Resistance with EMA just above. H4 showing EMA/ Parabolic trends still up with Green Fibo. H2 Romar holding Resistance currently with Last DB Up. H1 showing full up at this time with Romar change of Trend to Up. The Daily is in process of changing Trend. H1 and H4 have Horsemen sync at this time. However, with Daily 23.6 Fibo and H2 Romar Resistance, will need the Trend to punch a hole through that Resistance. I will wait until the London session and check again.
Notes for readjustments: London Open. Market punched through Resistance and H2 now showing change of Romar Trend also with Horsemen lined up. Daily 23.6 Fibo broken. Waiting on retrace candle for Entry Long.
Entry: Long at 9am London Candle, H2 Purple Open Candle with confluence of H1 Smooth Open Candle.
Evaluation: +40 TP Good Trade, however better (lower) entries were available, such as the hit on H2 White/ H1 EMA - missed that one.
Date: 20 August 2018 9pm Candle Open
News Releases:
Daily:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo up
Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB down with Normal and Hidden Divergence. SAR broken off and attached up at 23.6 Fibo. Purple crossed White. MACD down. EMA just above 23.6 Fibo which is currently Resistance.
H4:
ROMAR – Resistance
EMA – Support
PSAR – Support
Check List:
Last DB Attachment - up
Fibo up
Notes: Romar Resistance with EMA and Parabolic Support, although Eliminated. Long Term Trend Down, Short Term Trend Up. Last DB/ SAR up with Normal and Hidden Divergence. Purple crossing White. Fibo up.
2 HR:
ROMAR – Resistance
EMA – Resistance
PSAR – Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down
Notes: Romar Resistance with EMA and Parabolic Resistance, although Eliminated. Long Term and Short Term Trends Down. Last DB/ SAR up at 0 Fibo with Normal Divergence. MACD down.
1 HR:
ROMAR – Support
EMA – Support
PSAR – Support
Notes: Romar Support with EMA and Parabolic Support. Long Term and Short Term Trends up.
Final Notes: Daily Trend is Down with the SAR up at 23.6 as a wall of Resistance with EMA just above. H4 showing EMA/ Parabolic trends still up with Green Fibo. H2 Romar holding Resistance currently with Last DB Up. H1 showing full up at this time with Romar change of Trend to Up. The Daily is in process of changing Trend. H1 and H4 have Horsemen sync at this time. However, with Daily 23.6 Fibo and H2 Romar Resistance, will need the Trend to punch a hole through that Resistance. I will wait until the London session and check again.
Notes for readjustments: London Open. Market punched through Resistance and H2 now showing change of Romar Trend also with Horsemen lined up. Daily 23.6 Fibo broken. Waiting on retrace candle for Entry Long.
Entry: Long at 9am London Candle, H2 Purple Open Candle with confluence of H1 Smooth Open Candle.
Evaluation: +40 TP Good Trade, however better (lower) entries were available, such as the hit on H2 White/ H1 EMA - missed that one.
Never Give Up
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