Hi Shinny;
My full 3 charts.
My full 3 charts.
1
The paradox System 2023 (for beginners) 716 replies
Paradox System: post your entry here 12 replies
Paradox system avg monthly ROR for last 12 months 33 replies
Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply
DislikedPeace to all. An observation for Dana regarding the "Paradox Spread Indicator". The spread is stated to be (as an example) "Spread 0.5 points". When trading a 5-digit broker, this spread would more accurately be "Spread 0.5 pips" or "Spread 5.0 points". Maybe I am missing something here, but I do not think so. On a 5-digit broker, 0.5 pips = 5.0 points.Ignored
Disliked{quote} When I checked the E/U it was 1.4 points which is correct. If still in doubt then post a chart.Ignored
Disliked{quote} It is 1.4 pips, or 14 points. One five digit account, 1 pip = 10 points. That is my issue here. Your display should either say 1.4 pips or 14 points, to be correct.Ignored
DislikedHi Team, Attached below is my trading plan and H2 chart for my trade today. Entry is identified with the white arrow short @ the test of EMA as resistance after the BB hit prior. Same entry as Contrax above for today. {image} {image} I do have to say that one lesson for me today was that my entry was too late. I was watching the opening candle after I made my trading plan and left for a meeting before I could see it get to EMA. I still entered short but in reality my entry should have been a higher up at the EMA hit with confluence with 38.2 FIBO....Ignored
Disliked{quote} Nick - the trade could not be any better then the entry you took. I took the same trade. It hit Smooth on the H2 with the 4 Horsemen in trend and wasn't going anywhere but down. There are times you may get 3, 5, or even 10 pip retrace on entry But with a 40 stop it will never be hit in trend. Your trade was excellent. Traders - pay attention in what Nick is doing - he is trading in the moment and looking into the future.Ignored
DislikedHi Team, Attached below is my trading plan and H2 chart for my trade today. Entry is identified with the white arrow short @ the test of EMA as resistance after the BB hit prior. Same entry as Contrax above for today. {image} {image} I do have to say that one lesson for me today was that my entry was too late. I was watching the opening candle after I made my trading plan and left for a meeting before I could see it get to EMA. I still entered short but in reality my entry should have been a higher up at the EMA hit with confluence with 38.2 FIBO....Ignored
Disliked{quote} To make this clearer - Nick was late for His entry but he had recognized it being late and knew it; this is why it was an excellent trade. He made no excuses for being late but stayed with his trade for the 40 TP. This is what makes a good trader; recognizing the mistakes after pulling the trigger and staying with the trade because he was in trend. This means he will remember not too hesitate in the future.Ignored
Disliked{quote} To make this clearer - Nick was late for His entry but he had recognized it being late and knew it; this is why it was an excellent trade. He made no excuses for being late but stayed with his trade for the 40 TP. This is what makes a good trader; recognizing the mistakes after pulling the trigger and staying with the trade because he was in trend. This means he will remember not too hesitate in the future.Ignored
Disliked{quote} Hi Nick Nice trade! Even with your late entry you had 60 pips to the last low and divergence, and the market was always going to go past that with the 4 Horsemen as they were. Purple didn't budge on the pullback to EMA - always a sure sign of a ton of momentum with the trend. Obviously, after the lower BB hit, the market is retracing to the EMA, plus you had the divergence, and retraces always happen after divergence. You had a ton of confluence. Rinse and Repeat my friendIgnored