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The Paradox System

  • #10,081
  • Jun 27, 2017 12:08pm Jun 27, 2017 12:08pm
Quoting manin011
{quote} seriously. Until today in a demo account and a year ago here still I did not get that kind of courage to enter to get the balance too
Hi mannin011,

I am demo as well. I took that trade because Dove talk a lot about the daily imbalance and hidden divergence.

Basically I wanted to see the outcome of it and learn from it. That's why the demo. Experts can guide my interpretation and I hope to grow.

Regards,
John
The quieter you become, the more that you can hear.
  • #10,082
  • Jun 27, 2017 12:20pm Jun 27, 2017 12:20pm
Quoting SolitudeFx
{quote} My self evaluation I saw that the market was moving up in all charts. In my plan I wrote that I would go short with the right conditions because of the Daily imbalance. We were at the top of the fibo and hidden divergence was showing on H2. I learned very much the power of this divergence and the imbalance that Dove teaches us in this trade. It was strong enough to put the market to the parabolic. When I wrote my plan I included the ema and macd arrows coming in for short. The paradox seemed to be saying very loudly to go short so entered...
OK Trader - lets go through the issues with your entry. To start with your entry was a counter-trade against the trend; which placed your trade 100% at risk. Then you had the H2 SAR attached with just above 40 pips to the H2 Parabolic as a stopper for your trade. Which means it could had come short of the Parabolic and turned back into trend with the SAR. Counter-trades are taken ONLY in consolidation; and we are not in consolidation. And you barely got your 40 so in the future I would be very careful with counter-trades while in trend.
The Dove - Forex Trainer
  • #10,083
  • Jun 27, 2017 12:42pm Jun 27, 2017 12:42pm
Quoting dove_alliance
{quote} OK Trader - lets go through the issues with your entry. To start with your entry was a counter-trade against the trend; which placed your trade 100% at risk. Then you had the H2 SAR attached with just above 40 pips to the H2 Parabolic as a stopper for your trade. Which means it could had come short of the Parabolic and turned back into trend with the SAR. Counter-trades are taken ONLY in consolidation; and we are not in consolidation. And you barely got your 40 so in the future I would be very careful with counter-trades while in trend.
Can I only ask what is the best way to understand if the market is in consolidation or not ? Thank if someone can help me to understand that ,that is fundamental to choose the best strategy to use to trade the paradox .
  • #10,084
  • Jun 27, 2017 12:45pm Jun 27, 2017 12:45pm
Quoting learn2fly
today there is EUR red news, can we trade today? anyway this is my trading day plan D1 Romar SUpport EMA SUpport PSAR Support Fibo Green DB attached on top MACD up Note: D1 full uptrend, because all indies indicates up trend H2 Romar Support EMA suppor PSAR Support Fibo Red DB/SAR attached on the top MACD still up note: H2 is on strong uptrend with purple as support, but DB/SAR and Fibo indicating down move, so beware of reversal H1 ROmar Support EMA SUpport PSAR Support Fibo Red Macd Up Final note: i think the condition is like yesterday where...
Self evaluation: i think not trading was a wise decision, because although we have a good and proper entry, we still dont know whether our 40 will get hit before the news or not and we dont know how the news will impact the market
I Will Never Give Up
  • #10,085
  • Jun 27, 2017 12:58pm Jun 27, 2017 12:58pm
Quoting gigioforex
{quote} Can I only ask what is the best way to understand if the market is in consolidation or not ? Thank if someone can help me to understand that ,that is fundamental to choose the best strategy to use to trade the paradox .
Your question is on this thread - all you need to do is read everything and all your questions will be answered.
The Dove - Forex Trainer
  • #10,086
  • Jun 27, 2017 1:27pm Jun 27, 2017 1:27pm
Quoting dove_alliance
{quote} Your question is on this thread - all you need to do is read everything and all your questions will be answered.
Thanks a lot , mr Dove, i' m studying this thread and the others You have started and that I suggest at all the readers of this thread , because they are full of useful teaching and examples of trades ; thanks again for your patience and kindness,gigio
  • #10,087
  • Jun 27, 2017 10:55pm Jun 27, 2017 10:55pm
Today trading plan
EUR, JPY red news at US market open
D1
ROmar Support
EMA Support
PSAR Support
Upper BB hit
DB attached on the top
Fibo Red

H2
Romar SUpport
EMA Support
PSAR Support(eliminated)
DB/SAR attached on the top
Purple touched White indicating consolidation
Fibo Red
Macd still up

H1
Romar Support
EMA Support
PSAR Support
Fibo Red
MACD Down
purple has crossed white and smooth, white has crossed smooth.
purple white smooth now become a resistance pushing the price going down

final note: the market is going to consolidation to down trend, all the fibo is red indicate over bought, and DB/SAR also attached on H2 and D1
H1 is the beginning of consolidation with purple cross white and smooth
Entry: when the price open below smooth on H2 i am going short
(red news will announce 10 hours after my trade, so i'm in learning how it could be if i trade it today), from US perspective, the news actually happen not on same day with my trade now
Attached Image (click to enlarge)
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I Will Never Give Up
  • #10,088
  • Jun 28, 2017 2:11am Jun 28, 2017 2:11am
06/28/2017 23:00 GMT
Roman: support
Emag: support
Parabolic: support
Notes: 4 horses in strong uptrend. Market has made a big peak of 250 pip surpassing the 100%
H2
Romar: support
EMA: support
Parabolic: support
Notes: 4 horses in strong uptrend after the big peak of 250 pips. Market performing side course at that time 23:00 GMT.MACD with large bars. Fibo RED
H1
Romar: support
EMA: support
Parabolic: support
Notes: purple / smooth resistance and EMA / parabolic support. Fibo Down
Final Notes: After the end of the big peak at 16:00 GMT market started to walk sideways, at that time 0:00 GMT he is in Smooth H2. My priority will be observed mainly H2 and Diario and we will see what will happen.
With consolidation in progress I will check again at 06:00 to see which direction will be taken section of London
06:00 GMT Long entry with purple H2 below White with open candle in Smooth and standing at 0.0%
H1 - Consolidation and indicators compressed, the reason for the entry: purple crossed Smooth down at 0:00 and now with open candle above the indicators purple crossed Smooth back up.
Attached Image (click to enlarge)
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  • #10,089
  • Jun 28, 2017 3:48am Jun 28, 2017 3:48am
Quoting manin011
06/28/2017 23:00 GMT Roman: support Emag: support Parabolic: support Notes: 4 horses in strong uptrend. Market has made a big peak of 250 pip surpassing the 100% H2 Romar: support EMA: support Parabolic: support Notes: 4 horses in strong uptrend after the big peak of 250 pips. Market performing side course at that time 23:00 GMT.MACD with large bars. Fibo RED H1 Romar: support EMA: support Parabolic: support Notes: purple / smooth resistance and EMA / parabolic support. Fibo Down Final Notes: After the end of the big peak at 16:00 GMT market started...
Personal rating: market UP 40 pips but I did not reach my TP for a few pips. Was not a good trader, though: having entered with open candle above the indicators on H1 and purple cross Smooth UP, my entry was pretty much in the middle of the candle diary and this puts me in high risk. I believe now that the correct entry that was the first time the candle open in Smooth H2 being well at the beginning of the candle, even having purple / smooth resistance because H1 is not the trader chart just like Lean2Fly did and Dove warned repeatedly and repeatedly
I write this now because I will be online after 22:00 GMT
by
  • #10,090
  • Jun 28, 2017 4:42am Jun 28, 2017 4:42am
Quoting learn2fly
Today trading plan EUR, JPY red news at US market open D1 ROmar Support EMA Support PSAR Support Upper BB hit DB attached on the top Fibo Red H2 Romar SUpport EMA Support PSAR Support(eliminated) DB/SAR attached on the top Purple touched White indicating consolidation Fibo Red Macd still up H1 Romar Support EMA Support PSAR Support Fibo Red MACD Down purple has crossed white and smooth, white has crossed smooth. purple white smooth now become a resistance pushing the price going down final note: the market is going to consolidation to down trend,...
SL hit, -40, what i learn from this loss is take trade too early, while the market still in consolidation and, not enough resistance to pull the price down. moreover the ROMAR, EMA, PSAR also still being support.
the only indication for price to move down only fibo on all 3 charts, and i've just remembered that dove teach to use H2 for for downtrend, and H1 for uptrend
so next time if i face like this situation, i will wait EMA on H1 become resistance, and purple crossed white on H2.
I Will Never Give Up
  • #10,091
  • Jun 28, 2017 4:47am Jun 28, 2017 4:47am
Quoting manin011
{quote} Personal rating: market UP 40 pips but I did not reach my TP for a few pips. Was not a good trader, though: having entered with open candle above the indicators on H1 and purple cross Smooth UP, my entry was pretty much in the middle of the candle diary and this puts me in high risk. I believe now that the correct entry that was the first time the candle open in Smooth H2 being well at the beginning of the candle, even having purple / smooth resistance because H1 is not the trader chart just like Lean2Fly did and Dove warned repeatedly and...
hi manin, your trade is good, and i dont think the market will move up.
in my opinion, your trade is quite confident decision. with H2 purple has crossed white i think we have to be ready for reversal.
but i was wrong, and i think i have to learn more...
but may i ask you,, what make you consider to go long, with all fibo is down, and H2 purple has crossed white?
I Will Never Give Up
  • #10,092
  • Jun 28, 2017 4:50am Jun 28, 2017 4:50am
Attached Image (click to enlarge)
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Notes extended from H2:
H2 Purple has crossed white, if it crosses smooth my expectation is that it will cross the ema. But Im waiting on the next candle. If it crosses I would consider a short entry (as long as the one hour is in sync and showing resistance, at the moment it isn't) off the resistance on H2. That resistance would be 23.6 fib +horsemen. A red arrow pointing down would be nice (us brits just love the red arrows). Having said all of this, the potential after the white smooth crossing could be limited in terms of its distance to the ema (at the moment c50 pips).

I'm also aware of the fact that EMA is Support/Resistance until the cross with purple.
I note we have the Sar attached to the bottom of a candle, and this could mean retrace back into the trend (as well as it attaching itself to the top of a candle for the downturn).

If I saw that I would put my cock on the block and take a short trade, otherwise the potential of a long trade exists if Ema remains as support.
Anyway I'm intrigued to see how my theory pans out, since I wont be trading it because of the red news. I just wanted to attempt a trial run.
Edit: The distance between those red horizontal lines on h2 looks worryingly large. From memory that means the case against a downturn today could be on shakey ground.

Attached Image (click to enlarge)
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'in less than half an hour he made over 100 ticks'
  • #10,093
  • Jun 28, 2017 5:17am Jun 28, 2017 5:17am
traders

if you took the SAR as per the rules you would have your 40.

careful with the counters i spent the whole of lent trying to pick a top.
Stop killing our Oceans, Stop using single use plastics.
  • #10,094
  • Jun 28, 2017 5:48am Jun 28, 2017 5:48am
Quoting jakdan
traders if you took the SAR as per the rules you would have your 40. careful with the counters i spent the whole of lent trying to pick a top.
Jakdan

Did you take the trade because of the position of the 1hr horsemen and the fact that there was no elimination of the parabolics. Obviously all of those things screamed support. I wasn't watching at the time but didn't notice the position of the 2 hour. Had the purple crossed white on H2?

Attached Image (click to enlarge)
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I need to get up earlier, that much is clear.
'in less than half an hour he made over 100 ticks'
  • #10,095
  • Jun 28, 2017 5:52am Jun 28, 2017 5:52am
Quoting learn2fly
{quote} hi manin, your trade is good, and i dont think the market will move up. in my opinion, your trade is quite confident decision. with H2 purple has crossed white i think we have to be ready for reversal. but i was wrong, and i think i have to learn more... but may i ask you,, what make you consider to go long, with all fibo is down, and H2 purple has crossed white?
Yes. Very well remembered. I entered why I indentified open candle H1 above the indicators by placing purple on the north side. Two broken rules. 1 - enter the middle of the daily cadle. 2 - purple H2 Below white. Man I know the rules, but I have a stupid difficulty in remembering them in the right time. I need to carry a check list on my neck.
  • #10,096
  • Jun 28, 2017 6:33am Jun 28, 2017 6:33am
Here's the link for everyone who pm'd me for my trading plan template. You will need to copy and paste it into your own google sheet. Then you will need to add data validation to the sheet you pasted.

https://docs.google.com/spreadsheets...I6E/edit#gid=0

In the the column next to romar, ema and so on you will have to select one cell then... Go to top menu, select data - data validation. A box will pop up and in the criteria row, you'll want the box on the right. Select it and select all of the cells above the green line. Press save and you will have a dropdown in the cell you selected at the beginning.

If you do, copy the empty cell right click select paste data validation into the other cells. It should all work.

I then screenshot the plan for insert into the post.

If it doesn't don't clog the thread up, just google 'using data validation in google spreadsheets' and follow the instructions. That's all I did.
'in less than half an hour he made over 100 ticks'
  • #10,097
  • Jun 28, 2017 6:35am Jun 28, 2017 6:35am
Quoting onejester
{quote} Jakdan Did you take the trade because of the position of the 1hr horsemen and the fact that there was no elimination of the parabolics. Obviously all of those things screamed support. I wasn't watching at the time but didn't notice the position of the 2 hour. Had the purple crossed white on H2? {image} I need to get up earlier, that much is clear.
OJ

all of the above H1 slider + h1 PSAR and 23 fib. H2 MACD heading lower but still positive, Purple had crossed white with an open below smooth and i was really really tempted to short, however the main reason was the TREND. a few month ago (and long before the Paradox) i used to try and pick tops it was my biggest ruin, probably still is in a fashion.
so i went with it the trend and Bingo.

i also started to get up earlier, make my plan and take the trade off the 7.00am uk candle whether it was ready or not. (don't do it pal, be patient there are always more opportunities with a little patience)
not at 80 % yet so this is only friendly advice and not Gospel.

good luck in your trading there will be another opportunity today! PATIENCE

P.S i tried all the pros and cons with the Spreadsheets and the like. if i were you i would stick to the basic plan it makes you see what you need to see and youre not just hitting drop downs etc. only my opinion.
Stop killing our Oceans, Stop using single use plastics.
  • #10,098
  • Jun 28, 2017 6:50am Jun 28, 2017 6:50am
Quoting jakdan
{quote} OJ all of the above H1 slider + h1 PSAR and 23 fib. H2 MACD heading lower but still positive, Purple had crossed white with an open below smooth and i was really really tempted to short, however the main reason was the TREND. a few month ago (and long before the Paradox) i used to try and pick tops it was my biggest ruin, probably still is in a fashion. so i went with it the trend and Bingo. i also started to get up earlier, make my plan and take the trade off the 7.00am uk candle whether it was ready or not. (don't do it pal, be patient...

Thanks Jakdan

I had a top picking habit too but this system has cured me (almost). I am learning patience, one step at a time.

And no worries with the drop downs, I spend my life in them...
'in less than half an hour he made over 100 ticks'
  • #10,099
  • Edited 7:52am Jun 28, 2017 7:39am | Edited 7:52am
Quoting onejester
{image} Notes extended from H2: H2 Purple has crossed white, if it crosses smooth my expectation is that it will cross the ema. But Im waiting on the next candle. If it crosses I would consider a short entry (as long as the one hour is in sync and showing resistance, at the moment it isn't) off the resistance on H2. That resistance would be 23.6 fib +horsemen. A red arrow pointing down would be nice (us brits just love the red arrows). Having said all of this, the potential after the white smooth crossing could be limited in terms of its distance...
Self Evaluation:

Firstly, I respect the news rule so wouldn't have traded.

In my limited experience, I'm pleased that I was on the right track. However, cruelly my internet went down (really!) and I wanted to see the action of the indicators on h2 and h1. By the time I was back up oi noticed me long awaited cross on h2 of purple & smooth (finally) and the white cross purple on the h1 cancelling out any parabolic support.
I guess because I couldn't see what happened 'in da moment' I feel a little cheated.

Did anyone see how it went down and in what order? Like where was purple smooth cross on h2 in relation to h1?

Anyone? Anyone?

Edit: When I said 'went down' I meant in terms of the order of the indicators. Apologies for the confusion (kaizkung).
'in less than half an hour he made over 100 ticks'
  • #10,100
  • Jun 28, 2017 7:47am Jun 28, 2017 7:47am
Quoting onejester
{quote} Self Evaluation: Firstly, I respect the news rule so wouldn't have traded. In my limited experience, I'm pleased that I was on the right track. However, cruelly my internet went down (really!) and I wanted to see the action of the indicators on h2 and h1. By the time I was back up oi noticed me long awaited cross on h2 of purple & smooth (finally) and the white cross purple on the h1 cancelling out any parabolic support. I guess because I couldn't see what happened 'in da moment' I feel a little cheated. Did anyone see how it went down and...
it is went down because "ECB said to see market as misjudging Draghi speech on stimulus" 30 minutes ago.
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