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The Paradox System

  • #10,341
  • Jul 6, 2017 10:47am Jul 6, 2017 10:47am
Lets see how many is paying attention:

Can anyone tell me what is happening the reason why?
The Dove - Forex Trainer
  • #10,342
  • Jul 6, 2017 10:53am Jul 6, 2017 10:53am
I have no takers on this one?
The Dove - Forex Trainer
  • #10,343
  • Jul 6, 2017 10:56am Jul 6, 2017 10:56am
DB on Daily just went up to top of Current Daily Bar.
  • #10,344
  • Jul 6, 2017 11:00am Jul 6, 2017 11:00am
Apparently you guys did not check the economic releases. This morning you had 4 major releases (High Impact). Secondly - With ROMAR in the trading area had given back the 4 Horsemen its power. On the release you had a couple of them against the numbers with the trend. But the trend had stayed in. So far it had broken the last high about 20 pips. So lets see what happens from here.
The Dove - Forex Trainer
  • #10,345
  • Jul 6, 2017 11:04am Jul 6, 2017 11:04am
Quoting dove_alliance
Lets see how many is paying attention: Can anyone tell me what is happening the reason why?
Market is creating a higher high, the Fibo flipped to red. As you mentioned with the double top shown to us by the Parabolics, market would be heading down in the foreseeable future Divergence attached at 0 Fibo. My understanding is that the double top does not show an immediate drop, but it will drop eventually in not too long. So I think this would mean swings up and down until the longer term trend down begins.

My guess is Bank traders dropping hundreds of millions of currency to move it up before the big drop down?
  • #10,346
  • Jul 6, 2017 11:09am Jul 6, 2017 11:09am
if ive got looking out of the box correct???

H2 is looking good for longs at the moment and has been since purple and H1 smooth, However the daily showing some weakness?
Stop killing our Oceans, Stop using single use plastics.
  • #10,347
  • Jul 6, 2017 11:14am Jul 6, 2017 11:14am
Nice try guys - showing you are not keeping tabs on the economic releases.
The Dove - Forex Trainer
  • #10,348
  • Jul 6, 2017 11:17am Jul 6, 2017 11:17am
NFP tomorrow....


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,349
  • Jul 6, 2017 11:18am Jul 6, 2017 11:18am
G20 all weekend??
Stop killing our Oceans, Stop using single use plastics.
  • #10,350
  • Jul 6, 2017 11:21am Jul 6, 2017 11:21am
Quoting dove_alliance
Nice try guys - showing you are not keeping tabs on the economic releases.
I noted them mentally last night before posting my plan, but did not include them in my plan. Even set an alarm for before 8 am to wake up and close my trade but when my TP was hit I wouldn't be trading until 5PM today and news would have passed by then.

Regardless, I don't think I've ever written the news in my plan which I should definitely be doing as per the trading plan. This brings to mind the story you told about Debbie a while ago in the thread. A couple valuable lessons to be learned there.
  • #10,351
  • Jul 6, 2017 11:22am Jul 6, 2017 11:22am
Quoting jakdan
G20 all weekend??
With that G20 I will be looking for a heavy gap for Sunday's opening. Donald Trump is involved with this one.
The Dove - Forex Trainer
  • #10,352
  • Jul 6, 2017 11:23am Jul 6, 2017 11:23am
Quoting dove_alliance
{quote} OK - let me begin by saying the rules that you applied were from various scenarios. And that will not work. There is only two or three rules per scenario. As you can see with my chart above resistance was the low for entry and your entry was way too soon. But you had the right idea. So try to work a little harder on patience and the scenarios.
Thank you sir, I will work harder to try and understand the different scenarios and the rules that apply to each one and being patient, I know that is one of my flaws. Thank you again
Consistency is a state of mind
  • #10,353
  • Jul 6, 2017 11:26am Jul 6, 2017 11:26am
Quoting dove_alliance
{quote} With that G20 I will be looking for a heavy gap for Sunday's opening. Donald Trump is involved with this one.
Oh Dear!
Stop killing our Oceans, Stop using single use plastics.
  • #10,354
  • Jul 6, 2017 12:29pm Jul 6, 2017 12:29pm
Speaking of the last trading session this week, is it better to sit out the G20 meetings? They are an all-day event but that is tomorrow. On the other hand, I don't know the market well enough to determine if it can still get messy hours before the meetings start.
  • #10,355
  • Jul 6, 2017 1:09pm Jul 6, 2017 1:09pm
Quoting Nikitafen
Speaking of the last trading session this week, is it better to sit out the G20 meetings? They are an all-day event but that is tomorrow. On the other hand, I don't know the market well enough to determine if it can still get messy hours before the meetings start.
The G20 Economic Summit is one of those Global meeting that last the whole weekend. By the time the Market opens on Sunday the G20 will be over with. Right now they are having about 100,000 protesters in Germany; so I would say Sunday's opening is not looking good. As for trading tonight before the the NFP - or tomorrow for the G20 - I will be sitting it out.
The Dove - Forex Trainer
  • #10,356
  • Jul 6, 2017 1:28pm Jul 6, 2017 1:28pm
Quoting dove_alliance
{quote} A good trade but ROMAR is not used as support being out of the trading area. In this scenario was the BB because if was flat lined at the low. If you had waited a little longer for entry in thinking using ROMAR as support you would had lost that trade.
Ok thanks. That's a big help and I now see that the power of the ranging was a bit of a risk and I barely got out with the 40. Would a better entry been at the smooth white cross with the parabolic flip giving more room to support?

Also I see that you are sitting out trading tonight for the economics. Are we encouraged to still right a plan and post a trade to learn from because we are on demo?
The quieter you become, the more that you can hear.
  • #10,357
  • Jul 6, 2017 1:34pm Jul 6, 2017 1:34pm
Quoting dove_alliance
{quote} The G20 Economic Summit is one of those Global meeting that last the whole weekend. By the time the Market opens on Sunday the G20 will be over with. Right now they are having about 100,000 protesters in Germany; so I would say Sunday's opening is not looking good. As for trading tonight before the the NFP - or tomorrow for the G20 - I will be sitting it out.
If I was trading live I would sit it out, no need to risk money when there are plenty of opportunities every 24 hours. And yeah I read up on the protests a little, it may get violent.

- and to treat demo as live, I will not be trading. No need to create bad habits.
  • #10,358
  • Jul 6, 2017 1:40pm Jul 6, 2017 1:40pm
Quoting SolitudeFx
{quote} Ok thanks. That's a big help and I now see that the power of the ranging was a bit of a risk and I barely got out with the 40. Would a better entry been at the smooth white cross with the parabolic flip giving more room to support? Also I see that you are sitting out trading tonight for the economics. Are we encouraged to still right a plan and post a trade to learn from because we are on demo?
I leave that up to you. I trade live and I always eliminate the risk before I pull the trigger. That is something you should learn before the time comes to trade live. It is called money management and eliminating the emotion of greed. Once you trade live it becomes a new animal with deep claws if you do not control your trades. If you know it or not - is something you are learning now; especially when I have something to say about your trades.

Some of you may think I am hard when you think you deserve a good word from me. But when you do not control your emotions and your trades - then I have nothing good to say about it.
The Dove - Forex Trainer
  • #10,359
  • Jul 6, 2017 2:27pm Jul 6, 2017 2:27pm
Quoting dove_alliance
{quote} I leave that up to you. I trade live and I always eliminate the risk before I pull the trigger. That is something you should learn before the time comes to trade live. It is called money management and eliminating the emotion of greed. Once you trade live it becomes a new animal with deep claws if you do not control your trades. If you know it or not - is something you are learning now; especially when I have something to say about your trades. Some of you may think I am hard when you think you deserve a good word from me. But when you do...
Hello Traders,

Take this post very seriously, as Dana has stated, trading live is a different beast. Dana is preparing you very well for the transition! I can speak from my own experience!

Best Regards,

Chad
  • #10,360
  • Jul 6, 2017 2:42pm Jul 6, 2017 2:42pm
Quoting Hendo
{quote} Hello Traders, Take this post very seriously, as Dana has stated, trading live is a different beast. Dana is preparing you very well for the transition! I can speak from my own experience! Best Regards, Chad
Thanks Chad. I read this post over a few times as I found this statement to be quite intriguing.

If you know it or not - is something you are learning now; especially when I have something to say about your trades.
The quieter you become, the more that you can hear.
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