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The Paradox System

  • #10,021
  • Edited 6:47am Jun 22, 2017 5:23am | Edited 6:47am
Disclaimer. I'll take this down if it offends anyone.

So here is the thought process.
This is what I am seeing currently. I know it isn't a trading plan, but I have to start somewhere.
I posted this warts an all, so feel free to critique.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 146 KB


I just want to see where there are holes in my thought process.
Daily, looking good for up as smooth has crossed ema and I saw that as support along with 38.2 fib parabolic trend up, romar below.

Next up was is the 2 hour chart.
I'm not really happy with the following:

I'm not sure I'm trading from top to bottom as we are in consolidation. Unless of course my entry is the bottom.
Romar was resistant when I entered.
Purple and white had crossed (PB down eliminated), then smooth. So I think, ok 'Ema purple cross is next', and it was (at least I got that right!).
PBs are down.

I'm happy with the following:
(I have smooth in my mind as support on the Daily)
Then I see the 2 hour sar attach, so I mark it out with a tasty little magenta horizontal. And then I think, hang on there is a 23.6 fib here and it is kind of confluent with the attachment of the sar. I worry, 'crap what is stopping it from carrying on down?'. I think it could be that 23.6 fib.

1 hour
Now, I know I'm going to get a telling off for having the sar on my 1 hour, but I ignore it anyway.
What I do notice is the DB has attached, there is gold divergence and we are at zero fib.
I think that purple and white had crossed also eliminating the parabolic for the up. But we have that cross of the 1 hour romar and ema as resistance.
I'm nicely up at the moment, but I know that don't make it right.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 194 KB


I'm fighting the urge to exit the trade at the 2 hour ema, but **maybe** the 2 hour Romar will act as support if the current green candle closes above it nicely.
Or maybe they will just bounce around between them.

Anyway...

Edit, a little more confidence @12.34 (GMT plus 1), as 1 hour purple has crossed smooth. So hopefully good for a hit of Ema.
Edit, @13.27 (GMT plus 1) Self evaluation:+ 40 Although I took the trade and it worked out, there was some uncertainty as I posted above. I still have a lot to learn and this DB and SAR thing is something I know has been holding me back, but the recent posts from Dove and Shinny helped somewhat. Watching how everything interacts on the simulator dove posted was I think a bit of a turning point. That coupled with the basics in the pdf's at the start. I find the screenshots difficult sometimes. Shame some bright spark can't get all 3 charts working on there. Until then I think a screen recorder might be a worthwhile investment.
'in less than half an hour he made over 100 ticks'
  • #10,022
  • Jun 22, 2017 5:37am Jun 22, 2017 5:37am
where EMA is in relation to ROMAR is what makes ROMAR support or resistance, not price. If EMA is above ROMAR, then ROMAR is support. Forget price, focus on the indicators. Likewise for EMA in relation to Purple.
  • #10,023
  • Jun 22, 2017 5:40am Jun 22, 2017 5:40am
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Quoting Nikitafen
where EMA is in relation to ROMAR is what makes ROMAR support or resistance, not price. If EMA is above ROMAR, then ROMAR is support. Forget price, focus on the indicators. Likewise for EMA in relation to Purple.
I get that, but do you open trades when EMA touches ROMAR or do we still look at price touching the support/resistance?
  • #10,024
  • Jun 22, 2017 5:50am Jun 22, 2017 5:50am
Quoting System6
{quote} I get that, but do you open trades when EMA touches ROMAR or do we still look at price touching the support/resistance?
There are countless possibilities. All I will tell you is what I believe the teacher would - start from the beginning and follow all the rules, regarding posting plans and how the indicators work.
  • #10,025
  • Jun 22, 2017 7:00am Jun 22, 2017 7:00am
[quote=onejester;10006939]Disclaimer. I'll take this down if it offends anyone. So here is the thought process. This is what I am seeing currently. I know it isn't a trading plan, but I have to start somewhere. I posted this warts an all,....

Welcome Jester.
Suggesting not remove the post. Some lessons here for many.
May i ask rhetorically for you to check your post and count how many rules you have got correct and how many you have deliberately broken and are willing to break yet more rules that you admit to know about?
The deliberateness is probably the most concerning.

I have been there & done that myself and have asked myself the above Q out of necessity. Stared myself in the mirror as it were.
This is not a critique. Just observation. Once you have answered the Q to yourself let us know what you feel you should do.

Yes we have to start somewhere and my personal take is i feel we are best off if we start by sticking to the rules.
Breaking a rule accidentally is one thing, deliberately means something else entirely.
Remember your presence here is welcome.

Oli
If you make up your own rules then the story is sad.....
  • #10,026
  • Jun 22, 2017 7:00am Jun 22, 2017 7:00am
Can somebody post h2 chart please
Never Give Up
  • #10,027
  • Jun 22, 2017 7:13am Jun 22, 2017 7:13am
Quoting Retrogue
Can somebody post h2 chart please
Here we go:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
  • #10,028
  • Jun 22, 2017 7:31am Jun 22, 2017 7:31am
Quoting System6
{quote} I get that, but do you open trades when EMA touches ROMAR or do we still look at price touching the support/resistance?
No offense here! To the contrary I'm very impressed with your extensive observations and efforts! HOWEVER, all of it is of little to no benefit to you if you're not clear on the basics...and/or the rules. And knowing if ROMAR is Support or Resistance (which you identified incorrectly) is as basic as it gets. As Dana frequently says, "study, study study". By necessity study comes first. Good luck to you!
  • #10,029
  • Jun 22, 2017 8:08am Jun 22, 2017 8:08am
Quoting onejester
Disclaimer. I'll take this down if it offends anyone. So here is the thought process. This is what I am seeing currently. I know it isn't a trading plan, but I have to start somewhere. I posted this warts an all, so feel free to critique. {image} I just want to see where there are holes in my thought process. Daily, looking good for up as smooth has crossed ema and I saw that as support along with 38.2 fib parabolic trend up, romar below. Next up was is the 2 hour chart. I'm not really happy with the following: I'm not sure I'm trading from top...
Well Jester - let me take some time here and explain a couple of things:

As for myself Ranging is the easiest part of trading; especially with the Daily. And the reason is because the SAR primary structure is for ranging and consolidation. In trends the SAR is used as a retrace from trend because both the DB and SAR will follow the trend. Eventually a breakout will happen on the Daily and everything will change - especially your theory. And then you will be all over everywhere trying to figure out what is going on. There is a scenario for consolidation, there is a scenario for uptrends, and there is a scenario for downtrends. And each one is different.

My suggestion is learn from the benchmark and get rid of your ego. The H1 is not a trading chart and using the H1 will eventually burn you. And breaking the rules will also eventually burn you.

The most important factor for trading IS A TRADING PLAN. In the future post a trading plan and under the NOTES you can write up your theory. There is a lot to learn and breaking rules are not one of them.
The Dove - Forex Trainer
  • #10,030
  • Jun 22, 2017 8:10am Jun 22, 2017 8:10am
On first picture on D1. EMA are both support and resistant right?
EMA be resistant because above purple and be support because above romar.


And on second picture that purple cross romar . romar are both support and resistant right?
Romar be resistant because above EMA and be support because purple cross.
Attached Images
  • #10,031
  • Edited 10:37am Jun 22, 2017 8:22am | Edited 10:37am
Quoting OliveBranch
Quoting onejester
Disclaimer. I'll take this down if it offends anyone. So here is the thought process. This is what I am seeing currently. I know it isn't a trading plan, but I have to start somewhere. I posted this warts an all,.... Welcome Jester. Suggesting not remove the post. Some lessons here for many. May i ask rhetorically for you to check your post and count how many rules you have got correct and how many you have deliberately broken and are willing to break yet more rules that you admit to know about? The deliberateness is probably
...
...[/quote]

Thanks for the welcome, allow me to expand.

Daily
It was up and I assumed that smooth/ema would be support, so stop would be safe below there.- No rules broken on Daily.

2 Hour
PSARS pointing down, is a rule broken. BUT in shinnys post shown below, I rightly or wrongly interpreted Macd on h2 under the zero line and as I mentioned, SAR bounced off that Green 23.6 Fib. However, shinnys post said trend only, so I am on shaky ground with another rule broken (sorry shinny).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 253 KB


What validated it for me was the DB on the one hour and the zero fib, that is what made me take the trade. Plus, if you look at that weird DB/Sar thing going on the day before (I hesitated and missed that one) I thought, Im going to damn well take this higher low (if indeed it was at the time) because I have some confluence. What kept me in the trade was, as things progressed, the rule that once Purple has crossed with and smooth it will cross the ema on the 1 hr.

I hope this explains my actions.
'in less than half an hour he made over 100 ticks'
  • #10,032
  • Jun 22, 2017 8:32am Jun 22, 2017 8:32am
Quoting onejester
{quote}{quote}...
Thanks for the welcome, allow me to expand. Daily It was up and I assumed that smooth/ema would be support, so stop would be safe below there.- No rules broken on Daily. 2 Hour PSARS pointing down, is a rule broken. BUT in shinnys post shown below, I rightly or wrongly interpreted Macd on h2 under the zero line and as I mentioned, SAR bounced off that Green 23.6 Fib. However, shinnys post said trend only, so I am on shaky ground with another rule broken (sorry shinny). {image} What validated it for me was the DB on the one hour and the zero fib, that is what made me take the trade. Plus, if you look at that weird DB/Sar thing going on the day before (I hesitated and missed that one) I thought, Im going to damn well take this lower high (if indeed it was at the time) because I have some confluence. What kept me in the trade was, as things progressed, the rule that once Purple has crossed with and smooth it will cross the ema on the 1 hr. I hope this explains my actions.[/quote]

Again - in the future post your trading plans, post your entry H2 chart, and after the trade post your self-evaluation. That is the rule. Period,
The Dove - Forex Trainer
  • #10,033
  • Jun 22, 2017 8:34am Jun 22, 2017 8:34am
Quoting dove_alliance
{quote} Well Jester - let me take some time here and explain a couple of things: As for myself Ranging is the easiest part of trading; especially with the Daily. And the reason is because the SAR primary structure is for ranging and consolidation. In trends the SAR is used as a retrace from trend because both the DB and SAR will follow the trend. Eventually a breakout will happen on the Daily and everything will change - especially your theory. And then you will be all over everywhere trying to figure out what is going on. There is a scenario for...
Noted, and your post (and wisdom) is humbly appreciated. At least you can see what is going on in my head now.

Its not ego, its inexperience and the output of reading so much stuff and so many variables. Then trying to hang them together to get something coherent I can relate to personally and put into action. I needed to take some action, you understand.

I've read from the start (H1 noted)
I've gone away and digested it, trying not to cram to much in
I feel I have been patient, but I admit it isn't in my nature

I won't post again until I have a plan for critique. I hope my ramblings have helped some of those sitting on the sidelines.
'in less than half an hour he made over 100 ticks'
  • #10,034
  • Jun 22, 2017 8:43am Jun 22, 2017 8:43am
Learning to trade is like a baby learning to walk. It takes time and lot of falling are made. But one mystical factor is the "baby" - it never gives up but keeps trying (learning) until it finally can walk. Learning to trade is the same way. Your focus is learning how to 'walk'.
The Dove - Forex Trainer
  • #10,035
  • Jun 22, 2017 9:50am Jun 22, 2017 9:50am
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Quoting Therapsid
{quote} No offense here! To the contrary I'm very impressed with your extensive observations and efforts! HOWEVER, all of it is of little to no benefit to you if you're not clear on the basics...and/or the rules. And knowing if ROMAR is Support or Resistance (which you identified incorrectly) is as basic as it gets. As Dana frequently says, "study, study study". By necessity study comes first. Good luck to you!
None taken. I was using this as an example only and didn't state whether ROMAR was support or resistance. Just trying to clarify something I am struggling with. Let's say ROMAR is your support. The price will sometimes go far below ROMAR, but there will be a sudden reverse of price as soon as for instance the EMA touches ROMAR from above.

But again just an observation.
  • #10,036
  • Jun 22, 2017 11:24am Jun 22, 2017 11:24am
I am going to explain this one more time;

You have 3 trend indicators.

1. ROMAR - Chart trend indicator.
2. EMA - 4 Horsemen cycle indicator
3. Parabolic - 4 horsemen trend indicator.

I am using the H1 chart as an example because what I will explain is exactly the same on the H2 and Daily.

On this screen shot below you have ROMAR as support. It remains as SUPPORT until it crosses EMA - then it becomes RESISTANCE. This is the only time EMA and ROMAR are related is with the crossing.

On the Left side you have EMA crossing Purple with the Parabolic flip which placed EMA as support which had placed this chart in a full blown uptrend with ROMAR, EMA, and the Parabolic in an uptrend as support.

On top you have EMA crossing Purple with the Parabolic flip as RESISTANCE and ROMAR as support. Because the Parabolic is the power with the 4 horsemen in trend; ROMAR will be broken as shown on this screen shot.
Attached Image (click to enlarge)
Click to Enlarge Name: EMA-ROMAR Crossings.png Size: 53 KB


This is why the H1 is not a trading chart:
Attached Image (click to enlarge)
Click to Enlarge Name: EMA-ROMAR Crossings_1.png Size: 67 KB
The Dove - Forex Trainer
  • #10,037
  • Jun 22, 2017 12:14pm Jun 22, 2017 12:14pm
Quoting kaimot
On first picture on D1. EMA are both support and resistant right? EMA be resistant because above purple and be support because above romar. And on second picture that purple cross romar . romar are both support and resistant right? Romar be resistant because above EMA and be support because purple cross. {image} {image}


Sorry to ask question like that I just get confused from Post 8505 (https://www.forexfactory.com/showthr...40#post9654440)
maybe because i translate it wrong.

You can notice by my writing skill . I'm not very good at this language
  • #10,038
  • Jun 22, 2017 3:37pm Jun 22, 2017 3:37pm
Thank you Dove,
There should be no doubt left in anyone's mind about whether something is Support or Resistance.
  • #10,039
  • Edited 5:04pm Jun 22, 2017 4:24pm | Edited 5:04pm
Thursday June 22, 2017

Daily:
ROMAR - Support
EMA - Support
Psar - Support

Checklist:
Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top
Fibonacci - Green

Notes: ROMAR inside the bands. 4 horsemen in swing upwards and
still holding the move up. Upper BB flatlining just below 100
Fibonacci level. DB is attached at top.

H2:
ROMAR - Support
EMA - Support and Resistance
Psar - Resistance (eliminated)

Checklist:
Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Top
Fibonacci - Green
Notes: Tight movement with SAR connecting for the highs and
lows within the primary swing. Parabolic resistance was
eliminated with the White crossing Purple. Bands moving in
for consolidattion and the upper band is at the 100 Fibonacci
level. Moving averages 5 and 20 are tight together. EMA is above
Purple making it resistance, yet also support because it is above ROMAR.
White and Smooth have crossed Purple for the swing up. 38.2 Fibonacci
level has held market above, acting as support.

H1:
ROMAR - Support
EMA - Support and Resistance
Psar - Resistance

Checklist:
Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - null
Fibonacci - Red
Notes: ROMAR, EMA, Purple, White and Smooth are all tight together, but ROMAR is
still support as EMA is holding above it.

Final Notes: The daily swing is still showing up, illustrated by the
4 horsemen in the full swing up, parabolics holding strong support. Referencing
the support and resistance on the daily chart, an entry should be found off the
H2 chart. As our primary trading chart, the H2 is showing a new swing up
with White having crossed Purple, and Smooth at the crossing of Purple.

Entry: I will go Long. My criteria is an open candle above Smooth, with the 4 horsemen
in trend up, as long as the buy trade is from the support of Purple, White,
and Smooth, (All on H2 chart).

Notes for Re-Adjustment: none
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (28).png Size: 160 KB
  • #10,040
  • Jun 22, 2017 9:07pm Jun 22, 2017 9:07pm
Quoting learn2fly
Trading Plan Today D1 Romar Support EMA Support PSAR Support Last MACD crossing up DB Attached on the top FIbo is also green indicating up trend Note: D1 is full trend with four horsemen holding as support H2 Romar Support EMA Support PSAR Support Last MACD Crossing Up SAR Attached at bottom indicating Fibo green indicating up Note : the romar which is support confluence with PSAR being a strong support H1 ROmar Support EMA SUpport PSAR SUpport FInal Note: All chart is uptrend so it is full trend when we trade from the support, now on H2, the market...
my yesterday trade is still running, should i close it or holding the trade until either my TP or SL hit?
Today Trading Plan
D1
Romar Support
EMA SUpport
PSAR Support
Fibo Green, indicating up trend
MACD UP
DB Attached on the top
Note: All indies indicating up trend, only DB that maybe hold the up move

H2
Romar Support
EMA Support
PSAR Resistance
MACD Up
Last SAR Attached on the top
EMA Cross UP
FIbo Up
Note : PSAR eliminated because purple has cross EMA, also EMA has crossed White, and White crossed Smooth, So it is uptrend, only SAR that indicating down move

H1
ROmar Resintance
EMA Resistance
PSAR Resistance, eliminated because Purple has crossed white and smooth, but white is still under the smooth (slider)
MA Cross, Up
MACD Up
Fibo Up
Note : H1 is consolidating, to uptrend, because purple has began cross the white and smooth. the only resistance only ROMAR and EMA that so close with purple, so it will be easy task for purple to crossed them, EMA also so close with ROMAR, and easy for EMA to crossed ROMAR then change the main trend to all support

FInal note, market is consolidating to uptrend, the beginning move is from H1 when purple crossed EMA + ROMAR, and EMA crossed ROMAR, White crossed Smooth
If i allowed to open second position, i will long now, which is when market open on the upper side of fourhorseman

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 185 KB


please leave a comment, critique, advice, etc. i really want to learn this system. sorry about my language,, i'm not good in english..
I Will Never Give Up
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