Got it, thank you.

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And the support you bought from was the 0 fib? You can do whatever you want, but you keep telling everyone patience, Forex is here forever, etc.. But then you are adding to losing positions and taking countertrend trades that have not really been ...

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I was taking these countertrend BB hit trades the other day, too which Dove responded: Rule 1: Trade with the TREND. There are lots of ways to get lucky and hit profit targets. Whether or not the one you took is repeatable, is the question I suppose. ...

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The indicators can be both support and resistance depending on their relation to each other?

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So trend is obviously down (the EMA on the daily should become resistance soon, but is the only support currently - purple might have already crossed it on a 6-day/week broker), but we are very far away from any resistances. Preference would be for: ...

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EURJPY short for 20pips. Reasoning: D1: Downtrend with EMA as the only remaining support and the market well beyond it. H2: Downtrend with 4 Horsemen in Downtrend, EMA as resistance, market open at Purple & White. Market open below EMA/Smooth. H1: ...

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129.48 for me. Nice trade -

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Ben I definitely will. I am waiting currently for this two hour to see if it starts rolling over (Purple cross White down).

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Well said. Ben there isn't always an entry - sometimes the bus just goes without us. I think part of this is learning to catch the next bus and being okay with that.

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Good, very reasonable plan! Purple will cross White down most likely on the H2 next and the open could be below Smooth, after Purple was rejected by ROMAR. H1 will have 4 Horsemen in full downtrend (most likely). <<<--- This is how I really see the ...

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Not quite: D1: ROMAR - Resistance EMA - Support 4 Horseman - Resistance, Purple Cross White - PSAR Eliminated H2: ROMAR - Resistance EMA - Support 4 Horsemen - Support H1: ROMAR - Resistance EMA - Support 4 Horseman Turning, Purple Cross White - ...

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At some point returns like that are no longer relevant or reasonable to expect; i.e 80% on $10,000 account is $8,000 vs $800,000 on $1,000,000 account. I believe we all determined what he meant was an 80% win rate.

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H1 ROMAR is Resistance. The H1 EMA is below ROMAR. Everyone needs to stop thinking about the indicators in terms of their relation to Price, but rather their relationship to each other.

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H2 was showing a buy with the Purple crossing White. Since we are in a downtrend, we would not take the buy. We are waiting for H1 Purple to cross White downward before we would think about taking a short if H2 was still indicating a downtrend at ...

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Are you consistently profitable?

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The relationship of the EMA to ROMAR is the trend. EMA above ROMAR, uptrend. EMA below ROMAR, downtrend. I too was confused as I thought that purple would need to be above EMA and EMA above ROMAR to be a true uptrend on a chart and vice versa for a ...

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What is the MACD used for? Dove briefly talked about Divergence, but not much. I assume its Divergence with the MACD.

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Oh, I see. So you were adding to your first trade at a higher price?

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I almost took the second entry you have there, but felt like the market was far away from the resistances on the H1 and the H2 Purple had started to cross White up (it has now uncrossed). What made you comfortable with the second entry? Also, I ...

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My understanding is that all three charts show a Downtrend. In Downtrends, we take shorts only. Only in consolidation would we trade both ways. So we should wait for shorting opportunities. Please correct me if I'm wrong.

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