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The Paradox System

  • #10,261
  • Jul 3, 2017 5:08pm Jul 3, 2017 5:08pm
Date: 03/07/2017 17:00 EST

Daily:
ROMAR – support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB Attachment up at 128.936 with magenta divergence
FIBO down


Notes: the 4 horsemen are in compliance for a strong uptrend. Market is at the top of the FIBO. DB/SAR attached on top with magenta divergence for the continuance of the uptrend. Market found strong support at white.

2 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB Attachment up at 128.936 with green and magenta divergences
FIBO down

Notes: the four horsemen are in compliance for a strong uptrend. DB/SAR attached on top with both divergences. Market is at the top of the FIBO. ROMAR is out of the trading area below the lower BB. BB spread wide open for the uptrend. Open candle at purple.

1 HR:
ROMAR - support
EMA - support
PSAR – support
Notes: white at the crossing with purple. PSAR and EMA strong for the up. 1 HR is also in a strong uptrend. Open candle at smooth.
Final notes: the market is in a strong uptrend. It has made HH. The moment is telling me that everything is aligned for me to go long. I will go long from support.
Consistency is a state of mind
  • #10,262
  • Jul 3, 2017 5:12pm Jul 3, 2017 5:12pm
Quoting Adaptation
Date: 03/07/2017 17:00 EST Daily: ROMAR support EMA - support PSAR - support Check List: Last MACD 0 crossing up Last EMA Alert Arrow up Last DB Attachment up at 128.936 with magenta divergence FIBO down Notes: the 4 horsemen are in compliance for a strong uptrend. Market is at the top of the FIBO. DB/SAR attached on top with magenta divergence for the continuance of the uptrend. Market found strong support at white. 2 HR: ROMAR - support EMA - support PSAR - support Check List: Last MACD 0 crossing up Last EMA Alert Arrow up Last DB Attachment...
Entry: went long at the opening of the 17:00 EST candle from white as support.
Rules: rules for uptrends post #1680
1. ROMAR and EMA must be in sync on all three charts to go long (yes)
2. You are looking for sync of both ROMAR and EMA uptrend on both the 1 HR and 2 HR charts to enter a trade (yes)
3. Trades are made from the support area to go long (this will determine my entry point)
Attached Image (click to enlarge)
Click to Enlarge Name: 03-07-2017.png Size: 54 KB
Consistency is a state of mind
  • #10,263
  • Edited 7:14pm Jul 3, 2017 7:00pm | Edited 7:14pm
Today I was going to make a post of the Double Top and Double Bottom and was not able to get back to my office until now; and notice Adaptation had made an entry.

This does't happen often with a trend NOT burning itself out and let me explain:

This up trend had began on June 23rd with the H2 Parabolic flip at the opening price of 124.212. It travel 460.8 pips and closed with a high of 128.820. It turned and headed south and gave up just under 140 pips with the Parabolic flip and then stop mid-term for a swing; and headed north again. This means you had just under 140 pips from the low of the turn at 127.430 to the high 128.820 of 139 pips. If the market breaks 128.830 it is not a higher high - but a Double Top. And why it becomes a Double Top is because the Parabolic NEVER flipped from 124.212 to the top of 128.830; and because there was no flip of the Parabolic then the top is the HIGH.

Once a high is created very seldom you will get a Double Top on an uptrend. Usually it will turn and head south to create a new low. Same thing on a downtrend.

So what does this mean?

As a general rule a Double Top is giving heads up for a turn in the future for a lower low. Same thing on a Double Bottom - higher high. That my friends; is part of the Power with H2 Parabolic. Letting you know what is happing from trend to trend.

Bottom line - because of the swing a Double Top was created. Remember this scenario in the future as for the Pip Count to the previous High on an uptrend; and the previous low of a downtrend.
The Dove - Forex Trainer
  • #10,264
  • Jul 3, 2017 7:27pm Jul 3, 2017 7:27pm
Hi Dana, would that possibly explain the last 9/10 hrs of H1 candles appearing to be 'sat on a fence' waiting for something to happen? Did look odd imho...

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,265
  • Jul 3, 2017 7:31pm Jul 3, 2017 7:31pm
Quoting Andiroo
Hi Dana, would that possibly explain the last 9/10 hrs of H1 candles appearing to be 'sat on a fence' waiting for something to happen? Did look odd imho... Cheers, Andy
I have know knowledge of the H1. All I know is what the H2 is saying.
The Dove - Forex Trainer
  • #10,266
  • Jul 3, 2017 7:33pm Jul 3, 2017 7:33pm
Quoting dove_alliance
{quote} I have know knowledge of the H1. All I know is what the H2 is saying.
Clear, thank you sir

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,267
  • Jul 3, 2017 9:33pm Jul 3, 2017 9:33pm
Quoting dove_alliance
Today I was going to make a post of the Double Top and Double Bottom and was not able to get back to my office until now; and notice Adaptation had made an entry. This does't happen often with a trend NOT burning itself out and let me explain: This up trend had began on June 23rd with the H2 Parabolic flip at the opening price of 124.212. It travel 460.8 pips and closed with a high of 128.820. It turned and headed south and gave up just under 140 pips with the Parabolic flip and then stop mid-term for a swing; and headed north again. This means...
Hi Dove,
Incredibly interesting. Would the reasoning behind it be that many pips were gained without the parabolic flipping down even once? A sort of unbalanced uptrend if you will.
The quieter you become, the more that you can hear.
  • #10,268
  • Jul 3, 2017 10:08pm Jul 3, 2017 10:08pm
Quoting SolitudeFx
{quote} Hi Dove, Incredibly interesting. Would the reasoning behind it be that many pips were gained without the parabolic flipping down even once? A sort of unbalanced uptrend if you will.
The reason for the higher high is because there was no flip on the H2 Parabolic. The reason for the Double Top was because of the Swing. And the general rule on a Double Top is a reversal. This does not happen often; but when it does you now know what is happening.

I believe this is my first post on the Double Top and Double Bottom. If you get a Double Bottom the scenario is the same. It is not often you get ROMAR with such power with a swing. Most times ROMAR is tracking center on a turn. But this time ROMAR was deep in the valley. If ROMAR was closer to the low I could pretty much know what it will do from here. At this point I would not give my thoughts as I really do not know for sure. But - as you can see the H2 is setting up for the White crossing and you know the rule on that crossing.
The Dove - Forex Trainer
  • #10,269
  • Jul 3, 2017 11:03pm Jul 3, 2017 11:03pm
Quoting Adaptation
{quote} Entry: went long at the opening of the 17:00 EST candle from white as support. Rules: rules for uptrends post #1680 1. ROMAR and EMA must be in sync on all three charts to go long (yes) 2. You are looking for sync of both ROMAR and EMA uptrend on both the 1 HR and 2 HR charts to enter a trade (yes) 3. Trades are made from the support area to go long (this will determine my entry point) {image}
Self evaluation: closed trade at 23:00 EST with the crossing of white with purple. The reason for the trade not going well is Mr. Dove's double top explanation which I will study and take into account for the next similar scenario.
Consistency is a state of mind
  • #10,270
  • Jul 3, 2017 11:10pm Jul 3, 2017 11:10pm
Quoting Adaptation
{quote} Self evaluation: closed trade at 23:00 EST with the crossing of white with purple. The reason for the trade not going well is Mr. Dove's double top explanation which I will study and take into account for the next similar scenario.
The only option you have in closing a trade is 5 minutes before a Red Major news release. That is the rule.
The Dove - Forex Trainer
  • #10,271
  • Jul 4, 2017 12:38am Jul 4, 2017 12:38am
Well traders - it is doing exactly as I said it would do and I apologize for not posting it sooner. But I was just too busy and could not break away. But any time you come across this situation and scenario; especially when the market is trying to break the Double Top or Double Bottom - just be patient with it. Once it turns it will go.

Good night and God bless us all.
The Dove - Forex Trainer
  • #10,272
  • Jul 4, 2017 1:07am Jul 4, 2017 1:07am
Amazing....
I wanted to make an early plan today to trade the London session , and started reading the Double top post. I had to read it 3 times to try and fully understand what it means (still not 100% sure how to recognize it in the future ) and then the 60 pips drop started.....
I will wait until my next break from work to make the plan, hope fully things will be clearer then....

I think your understanding of the market is AMAZING !

Thanks again for all the time and effort you are spending here with us !!
  • #10,273
  • Jul 4, 2017 1:27am Jul 4, 2017 1:27am
Quoting dove_alliance
Well traders - it is doing exactly as I said it would do and I apologize for not posting it sooner. But I was just too busy and could not break away. But any time you come across this situation and scenario; especially when the market is trying to break the Double Top or Double Bottom - just be patient with it. Once it turns it will go. Good night and God bless us all.
The quieter you become, the more that you can hear.
  • #10,274
  • Jul 4, 2017 2:05am Jul 4, 2017 2:05am
Hello Traders

As Dana was saying, that particular scenario is not one that happens often and takes a bit of recognising. I saw what was happening and went short at the top. My entry wasnt perfect but when these things go they usually go.

I noticed this scenario through many, many hours of scrolling and wondering why sometimes the market just turns. I even checked news events on these days to see if it was news related, sometimes there was news and other times there was not. So thanks Dana for clarifying this for me in relation to the Parabolic. In futures trading you see this pattern a lot - higher right high, and lower right low, and just about everytime after, the market moves very quickly the other way.

Here is my 2hr chart with entry (at the open of the arrow down):

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 040717.jpg Size: 391 KB


And screen print:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 040717 PRINT.jpg Size: 9 KB


Hope that helps.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,275
  • Jul 4, 2017 2:17am Jul 4, 2017 2:17am
Just to clarify crystal clear, where was the correct entry for this scenario, was it the open below smooth, or Shaun's entry or the open with purple at smooth for the crossing verifying the automatic turn? Or other I havent mentioned?
Never Give Up
  • #10,276
  • Jul 4, 2017 2:37am Jul 4, 2017 2:37am
Quoting Retrogue
Just to clarify crystal clear, where was the correct entry for this scenario, was it the open below smooth, or Shaun's entry or the open with purple at smooth for the crossing verifying the automatic turn? Or other I havent mentioned?
Personally, I prefer under Smooth. You have White/Purple crossed or ready for crossing, which is giving you some confirmation that the market isnt going to push higher, at least until after a decent retracement.

But I was going to bed, so entered!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,277
  • Jul 4, 2017 2:46am Jul 4, 2017 2:46am
Happy Independence day to our American friends.

ps - your welcome back into the fold, it isnt too late
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,278
  • Jul 4, 2017 2:57am Jul 4, 2017 2:57am
Quoting shinny
{quote} Personally, I prefer under Smooth. You have White/Purple crossed or ready for crossing, which is giving you some confirmation that the market isnt going to push higher, at least until after a decent retracement. But I was going to bed, so entered! Shaun
Thank you Shaun
Never Give Up
  • #10,279
  • Jul 4, 2017 4:26am Jul 4, 2017 4:26am
Hello,

I've spent some time puzzling over the paragraph quoted below, but I remain confused.

" This up trend had began on June 23rd with the H2 Parabolic flip at the opening price of 124.212. It travel 460.8 pips and closed with a high of 128.820. It turned and headed south and gave up just under 140 pips with the Parabolic flip and then stop mid-term for a swing; and headed north again. This means you had just under 140 pips from the low of the turn at 127.430 to the high 128.820 of 139 pips. If the market breaks 128.830 it is not a higher high - but a Double Top. And why it becomes a Double Top is because the Parabolic NEVER flipped from 124.212 to the top of 128.830; and because there was no flip of the Parabolic then the top is the HIGH."

The first line refers to a Parabolic flip @ 124.212 and the second mentions another Parabolic flip after a high of 128.820; finally the last states that the Parabolic NEVER flipped from 124.212 to the top of 128.830. This seems to me to be a contradiction & I would ask whether the 128.830 should be replaced by the earlier high of 128.820? There may be another explanation but I'm not bright enough to work it out. I would ask, therefore, if someone more knowledgeable {not a high bar} would would kindly explain.

Hopeful thanks,

Maas
  • #10,280
  • Edited 4:50am Jul 4, 2017 4:38am | Edited 4:50am
Just checking please regarding Double Top.
We are talking about H2 bar to H2 bar aren't we?......and ARE NOT talking about higher DB to higher DB.
By this my reference to higher DB to higher DB values i mean is the DB locked in on June 29th = 128.820 & today's session's Higher DB = 128.956 ?
Just wanting to be clear in this for myself and not be confused nor the cause of any confusion.
Yes i'm a ......yet not forever.

Edit: OK, i believe i'm clear on this & it is we ARE looking at the DB's June 29th & today. All good.
If you make up your own rules then the story is sad.....
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