You were absolutely right Cisco.. I did not look at the whole picture. I have manually closed the trade and was lucky enough to be in the green.

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I am also long @ 127.199 1H: image 2H: image

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That looks to me like a counter trade against the trend. This is against the rules.

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Well done ciscok9. I let my emotions get in the way and got out of the trade way to early. I was doubting that you got to +40 pips, because my charts where not sowing that kind of price move. I then realised the price on my 1H and 2H were not ...

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I guess I was wrong.. Closed the trade at +10 pips.

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We are no longer in a down trend but rather in consolidation, so we can now trend both ways. Buying from support and selling at resistance. The 2H is showing a cross of White/Purple which also eliminates the PSAR as resistance. The 1H is showing a ...

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Possible buy coming up; 1H 4 Horsemen up trend with Purple/EMA crossed; image 2H Purple crossing White and eliminating PSAR; image

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Yes.. But can one of the more experienced guys confirm?

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Correct.. but we are not in consolidation we are in a down trend.

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That would put you in a counter trend.. and that has been advised against by Dove.

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I would say no.. Since Purple/White have crossed, hence eliminating PSAR as resistance. Still learning like most here

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Time to reboot MT4 traders image

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2H in a down-trend with Romar resistance, EMA resistance and the 4 horsemen also in a strong down-trend. image 1H in a down-trend with Romar and EMA resistance. 4 horsemen in an up-trend, PSAR also eliminated as resistance with Purple/White ...

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Thank you Dana for everything you have given to us in this thread. It is most humbling. I wish you the best of luck and God bless. Regards Noni

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Dana, does this mean that we should really wait for breakouts above the MA20 or below the MA5 before we decide to trade?

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I understand what you guys are saying. But, I'm trading in the moment and the market is telling me that it's in a up move, hence I am safe with the position I took. Dana or Shinny.. Is my logic right?

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According to the rules set out by Dana, of support and resistance, and by studying 3 time frames, I'm seeing and up-trend. I see a good opportunity to take my 20-40 pips and call it a day. Also Dana has strongly advised against counter trend ...

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Currently in this long.. Any comments guys? image

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Posting my first Daily Trading Plan: DAILY CHART – DATE: 04.02.2016 ROMAR: Resistance EMA: Support Parabolic: Support NOTES: Daily is in consolidation with the 4 horsemen in an uptrend. 2 HOUR CHART: Opening: 130.875 ROMAR: Support EMA: Resistance ...

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