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Paradox System: post your entry here 11 replies

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Attachments: The Paradox System
Exit Attachments

The Paradox System

I entered at 113.704 long at 0005 NY time. H1 and H2 ROMAR, EMA, PSAR are support. White appears to be sliding under purple. The only resistance I see are the BB and green divergence. I think the BB will move as the market nears and the green divergence can probably continue up some more.
Daily:
ROMAR - Resistance
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 112.303
Fibo up or down - down

Notes: purple / smooth / white are extremely tight together

2 HR:
ROMAR - Support
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 113.857
Fibo up or down - down

Notes: purple is sliding over white. green divergence attached to the last DB attachment

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 113.057
Fibo up or down - down

Notes: purple sliding over white.

Entry:
Consolidation:
Long: from support on the 2 hour
Short: purple crossing below white and smooth with a flip of the PSAR
Date: 19-08-2016 - 6.00 GMT

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up with MACD arrow up appearing 4 candles earlier
Last DB Attachment - Down at 112.303
Fibo up or down - Down

Notes: Daily is in tight consolidation with Purple sliding over White/Smooth. Open candle is above PSAR at 61.8 Fibo. Lime Green arrow has been confirmed of
yesterday has been confirmed.

2 HR:
OPEN PRICE - 113.617
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up with Lime Green appearing before MACD
Last DB Attachment - Up at 113.057 with thistle tag just below Fibo 0.0
Fibo up or down - Down

Notes: All 4 horsemen are up with open candle just below White. We have Magenta and Green divergence 4 candles ago.

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - n/a
Fibo up or down - Down

Notes: Purple at White crossing down with open candle below Smooth. MACD arrow appeared at current candle with Red arrow going on and off.
Final Notes for all three charts: Daily is keeping the market in consolidation for quite some time now with swings on H1 and H2 one after another.

Long: Will consider a long entry with some new momentum if H1 now turns into a downswing with H1 P/W crossing up again. If H1 and H2 horsemen stay in uptrend I
will look for an entry deep into support area around H1 EMA.
Short: Will consider a short entry when H1 EMA crosses its ROMAR down. From there on trying to find an entry of H2 horsemen in compliance with H1 horsemen.
Quoting InDaMoment
I entered at 113.704 long at 0005 NY time. H1 and H2 ROMAR, EMA, PSAR are support. White appears to be sliding under purple. The only resistance I see are the BB and green divergence. I think the BB will move as the market nears and the green divergence can probably continue up some more.
Hi InDaMoment,

I didn't saw an entry on your trading plan. I think that is a crucial part of your plan, because it prevents you from taking just some entry along the way and you then know what to look for. It makes it a lot easier as you know exactly what to look for.
Quoting Elflaco
Daily ROMAR: Resistance H2 ROMAR: Resistance H1 ROMAR: Resistance Daily EMA: Resistance H2 EMA: Resistance H1 EMA: Resistance Daily Fibo: Down H2 Fibo: Down H1 Fibo: Up DAILY CHART - DATE: 18-08-2016 - 6.00 GMT ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: Smooth sliding over Purple for continuance of the downtrend. 2 HOUR CHART: Opening: 112.907 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: Purple crossed White for turning downswing into consolidation. Open candle below Smooth. 1 HOUR CHART: ROMAR: Resistance EMA:...
Unfortunately I did not follow my own plan yesterday. Just before going to bed at Sydney open I had the open at H2 Smooth support with H1 Purple crossing Smooth going up and that was a good entry going long.

Jens, did you have an entry yesterday according to your plan?
Quoting Elflaco
{quote} Unfortunately I did not follow my own plan yesterday. Just before going to bed at Sydney open I had the open at H2 Smooth support with H1 Purple crossing Smooth going up and that was a good entry going long. Jens, did you have an entry yesterday according to your plan?
Unfortunately no.

I wanted to see a PSAR flip before entering. at the candle I marked in the screenshot below, the PSAR hadn't flipped yet at the moment it opened. it was a long candle so I couldn't enter the one after as that wouldn't have been an entry at support.

Attached Image


looking back to it when I reference the 1 hour. (equivalent candle with 2 hour marked in the screenshot below) we had a strong indication the market would go higher. a low had been made at 112.636 and at the moment of entry the horsemen would be on their way up with the PSAR set in stone

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 39 KB
Quoting Jens89
{quote} Unfortunately no. I wanted to see a PSAR flip before entering. at the candle I marked in the screenshot below, the PSAR hadn't flipped yet at the moment it opened. it was a long candle so I couldn't enter the one after as that wouldn't have been an entry at support. {image} looking back to it when I reference the 1 hour. (equivalent candle with 2 hour marked in the screenshot below) we had a strong indication the market would go higher. a low had been made at 112.636 and at the moment of entry the horsemen would be on their way up with the...
Yes that was a nice entry indeed. I didn't take it because my plan asked for a EMA/ROMAR crossing on H2 before entering long. Since we are in a tight consolidation and H2 ROMAR is running through the center of the market, I should've paid extra attention to H1 Purple already crossed EMA and H2 Purple at EMA. Good thing is I sticked to the plan, so the key thing is to improve that.
Quoting Elflaco
{quote} Hi InDaMoment, I didn't saw an entry on your trading plan. I think that is a crucial part of your plan, because it prevents you from taking just some entry along the way and you then know what to look for. It makes it a lot easier as you know exactly what to look for.
You're probably right. I just stopped out at 0430 NY time.

Thanks for the advice

I'll try to do better Monday
Unfortunately I wasn't able to execute my trading plan as the long or the short I planned to take weren't showing up. When I looked at the news announcements this morning I was glad to see there weren't any high impact EUR, JPY and USD announcements, but despite that no trade for me today. In hindsight I can't see a good 40 pip trade today either, other than the one at Sydney open.

Jens, did you take a trade today?
Quoting InDaMoment
I entered at 113.704 long at 0005 NY time. H1 and H2 ROMAR, EMA, PSAR are support. White appears to be sliding under purple. The only resistance I see are the BB and green divergence. I think the BB will move as the market nears and the green divergence can probably continue up some more.

Hello InDaMoment

First, I don't pretend to know better than anyone else here! I like to speak about the paradox here on this thread and with anyone that's interested.

I noticed something with your position that would have put me on waiting mode. The first thing is the paradox states clearly not to trade against hidden (green) divergence.

From what I can see of your entry, market had made a Higher high with green div attached. MA's were aligned but simply by the fact of the trend lasting long enough to align them. Horsemen aligned are not an entry in themselves. Now from there; what is important is Support and Resistance levels. And to know wether your charts are still in trend or ''consolidating''. In trend if you have this type of setup showing up (even if you're in full trend) market will want more to retrace and/or reverse as it wants to stay in trend. Where was EMA? where was ROMAR? You need to harness other factors if you want to trade the MA's.


That trade was in the middle of nowhere at the end of a green bar. With green divergence telling to stop Buying.

There are several rules with the paradox (I even made some more for myself to restrict times where bad emotions could spill over my trading).

Also I avoid using words like ''I think this or that will happen'', ''probably'', ''maybe'', etc.I found it help a lot see the true nature of things. How can I adapt my vocabulary to be more accurate about the reality of trading?

I don't aim and lock my thoughts in a single direction, I try to adapt from '' crucial points to crucial points'' and one thing is sure : we can never know or predict 100% what will happen. What I do is harness the power of confluence given by the paradox, I place S/L below/above Support/Resistance, I am not greedy I take what the market has to offer, I often put T/P below/above last swing high/low in order to not count on the market making a new top/bot for T/P. Being right, being wrong, trying to predict subjectively is futile. I think of trading in terms of statistics!

Sorry if I come out harsh maybe? I don't know. But I'm speaking for myself here also. I have the problem of taking too many ''emotional'' trades and this week I adressed the issue wisely by implementing a checklist before each trade. It sounds idiot but it is very reminding of how many setups there is really : not much is going on at a given time. I have to pay attention and know the rules by heart.

Green pips to ya'll

Edit: corrected a word that made no sense in english
No tree, it is said, can grow to heaven unless its roots reach down to hell
[quote=Jaymantos;9093476]{quote} Hello InDaMoment First, I don't pretend to know better than anyone else here! I like to speak about the paradox here on this thread and with anyone that's interested. I noticed something with your position that would have put me on waiting mode. The first thing is the paradox states clearly not to trade against hidden (green) divergence. From what I can see of your entry, market had made a Higher high with green div attached. MA's were aligned but simply by

Interesting post! I appreciate the feedback and I'll try to implement some of your ideas. Keep up the good work. We'll see what Monday brings
Quoting Elflaco
Unfortunately I wasn't able to execute my trading plan as the long or the short I planned to take weren't showing up. When I looked at the news announcements this morning I was glad to see there weren't any high impact EUR, JPY and USD announcements, but despite that no trade for me today. In hindsight I can't see a good 40 pip trade today either, other than the one at Sydney open. Jens, did you take a trade today?
didn't find the good opportunity to take a trade. Also realized that my entry plans were to vague and I need to make it more clearer in what I'm looking for.

did anyone find a good trade yesterday on EURJPY, curious about it!
Yes took a sell trade at 113.750 after DB and thisle and green divergence, next 2 hour candle.
Quoting FourHorseMan
Yes took a sell trade at 113.750 after DB and thisle and green divergence, next 2 hour candle.
nice trade!

could you please explain your entry?
I'm still struggling to see when we can trust the DB/SAR/Divergence to be set in stone. at the moment of your entry, on the 2 hour we still had EMA above ROMAR, and all horsemen into the uptrend. same on the 1 hour. only reason I could kind of think about is the purple sliding over white.
It was a trade in the moment, it was a trade 2 days ago at the same high, it was at 100% fibo, it was the exact opposite of a trade the day before at the same time with gold devergence.
Quoting FourHorseMan
It was a trade in the moment, it was a trade 2 days ago at the same high, it was at 100% fibo, it was the exact opposite of a trade the day before at the same time with gold devergence.
how were you certain that it would not go higher and bump the fib higher? same case for when you took the trade long at the gold divergence?
I'm asking because of everything else indicating the trend up with the green divergence and when you took the trade with the gold divergence all indicated the trend down.


thanks
Quoting Jens89
{quote} didn't find the good opportunity to take a trade. Also realized that my entry plans were to vague and I need to make it more clearer in what I'm looking for. did anyone find a good trade yesterday on EURJPY, curious about it!

http://www.forexfactory.com/attachme...0&d=1471542747
No tree, it is said, can grow to heaven unless its roots reach down to hell
Quoting Jens89
{quote} how were you certain that it would not go higher and bump the fib higher? same case for when you took the trade long at the gold divergence? I'm asking because of everything else indicating the trend up with the green divergence and when you took the trade with the gold divergence all indicated the trend down. thanks
The trends up and down ran their course, the gold divergence did go alittle lower as did the green alittle higher,but Dove uses a 60 pip sl. There was a window of 4 to 6 hours to make these entries, as there there was all week. Makes it easier to make the trades. There were precise trades inside the trends but harder to pick and you had to be there. Dove says that he trades this way, with the DB and magenta later on in the week himself. There would have to been some high impact news to hit a 60 pip sl.
WOW.....
After about 18 days of reading over 300 pages
it is exactly i am --->

dove where r u man?

so
no problem
thank u very much
now i learn something maybee it is not perfect but it is good
and thank u again
i work on this system until u show your self

i am wonderin where is the rest of people post here
EURJPY
Date: 2016-08-22 1900 NY time
News for USD EUR JPY: 1930 local

Daily:
ROMAR: R DN
EMA: R DN
PSAR: S UP
Last MACD 0 crossing: UP
Last EMA Alert Arrow: UP invalid – after MACD arrow
Last DB Attachment: 112.303 B
Last SAR Attachment: 112.303 B
Fibo up or down: DN
Notes: W,S crossed P, PSAR flipped

1HR: Open Price: 113.926
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP increasing
Last EMA Alert Arrow: UP
Fibo up or down: DN
Notes: W,S slid under P, PSAR flipped

2HR: Average Bar:
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP increasing
Last EMA Alert Arrow: UP
Last DB Attachment: 113.947 T
Last SAR Attachment: 113.947 T
Fibo up or down: DN
Notes: W,S,EMA crossed P, Green divergence

Notes for all 3 charts: Consolidation, Large gap up at open

Entry: “No trade is better than a lost trade” Wait for W to cross P at top of swing and plan short entry or if slider look for retrace to enter long.
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