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- MustardJam replied Jun 15, 2023
Nothing bites people more in the original thread than ignoring the rules set in stone bit.
- MustardJam replied Jun 10, 2023
Plus, a problem with balance is there’s no guarantee the market will go down to S/R. S/R can always come to the market for continuation of trend. Don’t get me wrong, it’s important to note especially on charts like the daily but taking a trade just ...
- MustardJam replied Jun 9, 2023
Yeah smooth is great at predicting swings especially in consolidation. Also appreciate all the guys helping out. Makes it a lot easier to learn when you get some live input.
- MustardJam replied Jun 7, 2023
Plus the market was oversold. You then had the next candle after the DB/SAR/divergence attachment fail to make a lower low. The market then got above 2hr EMA with an open candle ABOVE EMA. I didn't have a chance to view the market at that point in ...
- MustardJam replied Jun 7, 2023
I didn't get a chance to trade today due to a few things coming up but I thought the exact same thing when I took a look at the charts just now. The one hour candle that opened right below the 4H resistance after the crossing of purple/EMA seemed ...
- MustardJam replied Jun 6, 2023
Yeah the bigger picture is slowly starting to make sense. These confluence factors are big but of course things such as trend, the 4H, crossings, etc etc all matter. It's like everything comes together to put together a puzzle. A piece on it's own ...
- MustardJam replied Jun 6, 2023
I do have a question about the current situation on the EURJPY. We have the 4H still down (although purple is starting to cross). However, the 4hr and daily are down. You also have ROMAR resistance 20 pips away. Similar resistance levels on the 4hr ...
- MustardJam replied Jun 6, 2023
Thats great thanks. Do you recommend having multiple pairs open just to watch? I worry that it’ll be too much focus getting pulled in different directions.
- MustardJam replied Jun 6, 2023
Is the 4hr ROMAR not a concern? I’ve already taken profit but that was the one thing that gave me pause. Across the other charts the confluence was great and it seemed like the 4hr was going to get pulled down because of it.
- MustardJam replied Jun 5, 2023
This is a sign to add the 4H to my chart before I get to it in the original thread. However, I just want to clarify: Was the entry at the EMA wrong also? The green FIBO was still on the 2HR and there was a gap to the 61.8 on the 4hr now that I have ...
- MustardJam replied Jun 5, 2023
Yeah maybe it’s just speculation. Oh, and the SAR on the 2hr is another sign. It was going to reconnect with DB up top
- MustardJam replied Jun 5, 2023
Well you are correct and the market came to the 2hr EMA. As I mentioned earlier, I agree that the risk might’ve been too high at your entry with the 2hr FIBO location and the daily 4H.
- MustardJam replied Jun 5, 2023
The problem is the market was unlikely to get to ROMAR. I think you had the right idea. You just might’ve entered the trade too late (still to be seen).
- MustardJam replied Jun 5, 2023
Likely the big picture. The market wasn’t going to 2hr ROMAR for reasons I mentioned. With the position of the 4H on the charts it was going to go for the green FIBO. You can always find SOME reason to not enter a trade. Just like you can always ...
- MustardJam replied Jun 5, 2023
That's great to hear. The last thing we need is sorting out technical difficulties while learning the system haha.
- MustardJam replied Jun 5, 2023
Hmm my FIBO is currently red. You got 43 candles showing I believe so not sure if that’s the issue. Or if mine is incorrect
- MustardJam replied Jun 5, 2023
By the way, take a look at the EMA on the 2HR and DAILY and their support levels today. Played a big role in my target for entry.
- MustardJam replied Jun 5, 2023
Yes the entries were off the EMA which is what I had on my trading plan (uptrend EMA entries are common). However, entering that late can be a concern because of the daily 4H and the FIBO on the 2hr. Although someone like L1ghtning is probably ...
- MustardJam replied Jun 4, 2023
One thing I’ve learned that’s really helped: There isn’t as much rules as you think. Yes, there’s an infinite amount of variables as Dana himself has eluded to but it’s all about trend, support, and resistance. Again, Dana has also mentioned this. ...
- MustardJam replied Jun 3, 2023
Basically, you want to respect the resistance levels and not trade INTO them when there isn’t a gap to justify it correct? For example, I remember a post by Dana earlier on where I believe he has a sell into ROMAR support but the gap is justified ...