The Paradox System

Hey OliveBranch,

When considering this trade, one thing that was to be a hindrance was the H2 PSAR. Therefore for me to counter-trade it, I needed:
a) an open below EMA
b) MACD to be on the bottom

For the confirmation of the end of the uptrend, that's where my trade plan kicked in. I needed confluence on H2 and H4. DB with hidden dev attached top on that H4 chart, all I needed was the white/purple cross to be in confluence with the smooth/ white/ purple crossing on H2, which happened. And as always what you see as truth in the moment with the paradox is when I pulled the trigger. Daily was out of balance with purple and there was space for 200+ pips.

As to waiting for later, I would have missed my entry. Also, Gbpjpy is volatile compared to EJ and a reason why I personally avoid the hr 1 chart, hence the pair pushing up and making a higher high after entry, but the visuals on the H2 and H4 had already been set so I was not that concerned.

That was basically my view on that trade, Olive.

Hi Djiminova,

Okay then. Thank you for your clarification.
Your explanation has assisted greatly and will be used in accordance with feeding the world as per suggestion and inspired by someone close to my heart.
Patience is a reward.
To the man who inspired me with sharing their testimony with me and to the one to whom thanks should be given to, ...am on my knees in thanks.

There are no words. Time for the call to action.
Thank you.

Last week Djiminova if you recall I said...
"Same result, or at least it looks like your entry criteria hits TP later on the GU than my own entry; the latter of which has TP hit, your entry criteria, not yet. Time will tell, anything can happen."
And further to last week's GU chart, by the end of the week's trading, as you can see, the market had indeed gone done further, as it had to. The Paradox said that it had to. Truth. Paradox is truth.
For those whom are wondering, it is the "same same" on the EJ last week...200 pips. Anyone care to post an EJ chart?
Same lessons over and over. Some people take 6 months or less, some take years. Some take more than years. Who really cares? Getting the job done is all that matters. Post 2783. Study is work. Trading is work. Job done. Delayed gratification. Trading is a business. Now.... to "the business" side of proceedings.
Thank you Djiminova.

Joe

Update on getting Down to Business.

Thanks to everyone who has helped in getting me to the correct place. Even to the people who had given up and demonstrating what not to do.
Positive and negative lessons are all lessons.
Never give up.

My trade this week. From my diary.
Plan Entry: So once the H2 Smooth cross Purple & open under happens then that is the entry.
Adjustments: Criteria met. Entry made. 200/200 set & forget.
H2 chart entry

Evaluation: Some (negative) -150 pip drawdown. Good trade. Was not sure it was going to complete by the end of the week, yet it did. +200 pips taken from the market.
H2 chart Exit


Ticket


Don't ever...

Thanks again Dana for everything you’ve done to help us!

Wishing everyone a Merry Christmas and Happy New Year!

God Bless!

Merry Christmas everyone.

Good Evening Everyone.

Happy New Year to all.

It has been quiet here and for the people learning in the background.....

Dana had said he trades every day of the week that the markets are open. There must be a reason for that kind of work ethic.
He did not say he enters everyday, just that he does a plan and works the plan. He has posted examples that there had been occasions whereby he only had time to look for Long Term.

Whilst nursing my ill parents....being in front of the charts at the open of any new H2 bar mark was difficult to accomplish. An opportunity this week happened to arrive at the right time in the form of a Long Term trade.

December 29th
EJ
Final Notes: H4 & Daily ROMAR Resistance. H2 ROMAR Support. Consolidation. Fibo Red on H2 & H4. H2 is the trading chart. Looking for a Short.
Adjustment: H2 ROMAR is hit, pullback to EMA Resistance. Market has not moved more than 10 pips. Entered Short 35 min after bar open, Target is Daily Purple.
Evaluation: Daily Purple target hit, TP hit. +150 pips taken from the market.

H2 Entry


H2 Exit


Ticket....

Happy new year OliveBranch,

Many, many thanks for your continuing support. Your 150 pips looks straight forward when you've explained it but I would not have seen it in real time - next time? I am greatly encouraged by your thought provoking contributions.

I hope that you & your parents have a happy & healthy 2023.

Maas

Thank you Maas. I hope you had a happy transition into the new year too.

My parents are doing very well now thank you. Prehospital treatment for covid for the aged with multiple co-morbidities seems to work well in accordance with specific parameters and with specific protocols in place etc etc. This is not the medium within which to discuss healthcare options though.
But like I said, thank you for your thoughts and everything is very much better than expected outcomes.

The thing about someone discussing a trade after the fact, is it's always seemingly looking easily justifiable to enter a successful example...or to have not entered if there was a failed entry.
So, although I post in good faith, one must always ask yourself..."really?"..as in with suspicion...as people can always pick their successes and losses or lack there-of that they publish. Yes or No?

I have been asked a question by a trader about the trade and let's look at their question....

I want to ask you something about your last post to clarify myself: you couldn't enter earlier, in this case with 5 candles (at 2 o'clock on your chart)?
I understood the following about long term trading: after the market reaches a new high and Fibo 0, I wait for it to drop and then a pullback to EMA. At this moment I am waiting for a correct setup with H1, H2 and H4. At 2 o'clock, H1 = White/Purple crossing and open under EMA, H2 = White/Purple crossing (these setups according to the post #1879) and H4 = White/Purple crossing.
Correct me if I misunderstood.

Secondly, why is the target Daily Purple, because that is where the balance is achieved or because that is where the first major support is reached, almost with Daily Fibo 23.6?

For me, I found that....
At the 2nd open bar after reset?...i was probably busy administering medications etc etc with my parents. Intra-day trading was always going to be difficult for me for that week. So I had not seen any charts until after the H2 ROMAR hit occurred. So, no trading in the moment for me 2 hours after reset. After ROMAR was hit was when I wrote my plan.

With regards to Post 1879 in relation to last weeks charts - why not try doing that with proper plan being written up and every time you see it in the moment,,,,and then get back to us all and see what you find? This is the reason for practicing on Demo....to test our understanding and apply it to real life situations.

Why did I Target Daily Purple?
Because, the way I was thinking.... Daily had WxP, Daily Fibo was Green and I suspected that would be where Support was to be found at the 23.6% & Purple. You yourself trader have mentioned the word Balance in this instance which means you have read and know something on the subject.
With my thinking this way for want a of a better word, "locked" into my mindset, attempting to target the zero Fibo as a target was looking as being a greedy sized target to me.
I'd rather be right than push my luck & result in being half right (= half wrong) if you know what I mean.

Here is my post evaluation chart for the Daily.
As you can see, from entry, there was room to 23.6 Fibo and room to Daily Purple of exactly 150 pips. The better entry would obviously have been on the open bar instead of 35 minutes into the bar...which would have made my entry 10 pips or so higher & plenty of room for the 150 pips. How many times have you seen the market just stop dead at a Fibo level? If the measurement was 124 pips, then I would have targeted 120 pips. Hope that makes sense.
So if there is a negative for better improvement...then I guess that would be the number one yard stick to measure with....
As you can see ...Purple was hit "at" exactly the 23.6 Green Fibo.
Hope this helps a little.

If I may share my trading plan for yesterday for what it is worth. Warts and all.

Date: 4-1-23 0800 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Dual at Bottom
Fibo up or down Green
Notes: Full Down Trend except for the Fibo which is Green = Consolidation

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Standard at Bottom
Fibo up or down Green
Notes: Full Down Trend except for the Fibo which is Green = Consolidation
Market opened above White & at Smooth

2 HR:
OPEN PRICE - 138.123
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Down
Last DB Attachment Dual at Bottom
Fibo up or down Green
Notes: Full Down Trend except for the Fibo which is Green = Consolidation. WxP opened above Smooth

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment N/A on 1hr charts
Fibo up or down Green
Notes: Full Down Trend except for the Fibo which is Green = Consolidation. Opened above EMA
Market News. A battery of Euro news from 1700hrs local (in 9hrs time)
Have i double checked all of the above Yes or No. If No stop & go do it.
Yes
Final Notes: Full Down Trend with all Trend indicators. All charts with Green Fibo therefore Consolidation. H2 MACD up, H2 opened WxP & open above Smooth on previous bar & H1 above EMA. Projected entry Long.
Rules applied for Consolidation. H2 is the Trading Chart.

Entry: Entry Long just before Reset to avoid Spread building at & after Reset.
Risk: 1) Reset sometimes has a Gap upon opening which may have a gap down lower than my entry, sometimes this can be considerable pips.
2) H4 opened at Smooth Resistance
Adjustments: Nil
Evaluation: Gap of 10 pips lower than my actual entry, but with Spread of more than that, on this instance I have managed to avoid the Gap at Reset issue. TP hit. Managed to get into a trade that was not quite where I thought the market was sitting at. The trade that I thought I was getting into had already occurred. In that regard this is a bad entry in misreading the chart and being in a hurry in order to make a trade. Evidence = Market went against me and was almost Stopped out. Patience is still required to be more pronounced and evident in my trading. I can do better.
+40 taken from the market.
Entry
Exit
Ticket