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The Paradox System

  • #10,441
  • Jul 12, 2017 2:29am Jul 12, 2017 2:29am
Quoting dove_alliance
" His entry going long was with a close candle below Purple, White, and Smooth with Divergence. So I ask each of you what is the rule for the close/open in this scenario. If you do not know the answer; then go searching and find the answer...
Im not sure what is the answer for this scenario and I will search it...

The rest is crystal clear ! I will make sure I have more then 40 pips to the next support or resistance BEFORE I enter a trade.If the pips count is not at least 40 I will not enter the trade.
Thanks
  • #10,442
  • Jul 12, 2017 5:24am Jul 12, 2017 5:24am
Quoting Andiroo
{quote} Result: -40pips loss Self Evaluation: I truly thought I had read this correctly, both H2 and H1 ROMAR out of the trading area, it looked to me in the moment the 4 horsemen were on my side for a short, the 3rd H2 Parabolic had resisted the market like a wall of steel on the climb up, the bottom BB was in Fib range as a target - on the 1hr retrace from Parabolic hit I thought I'd caught it pretty good as the only support against me was the lower BB.....then the market pushes through the Parabolics like butter. Looking back I think my final...
Andiroo, hope you don't mind me asking a question about this trade..... obviously all charts ema were above romar and we could have been going into 1, reversal 2, slider. Am I right in assuming this was not a trade as there was not 40 pips to support ( bollingers ) because otherwise I'm confused. This was not a slider as smooth was above purple...... to quote Dove -" Your four trading indicators Purple, White, Smooth, and PSAR are the resources for your profit. These 4 horsemen deliver the visual of each swing. White and Smooth must cross Purple before a trade can be taken. And in a slider (consolidation) EMA must also cross Purple for a reversal. If not; then the slider will continue in the original trend. And you use the 2 hour chart for this reference." also

If Smooth stays below Purple in consolidation then the trend is up. If Smooth is above Purple in consolidation then the trend is down.


Or was it just that Romar was out of the trading area, so realistically the swing down was never going to make it? cheers Derek.
  • #10,443
  • Jul 12, 2017 5:41am Jul 12, 2017 5:41am
Hi Derek, don't mind at all, it took me by surprise when it happened...

If I'm honest I'm still trying to evaluate my trade and where it went wrong - Solitude's answered one part of it, and that was the Daily movement caused the break of my H2 Parabolics, however I can still see the 4 Horsemen in my favour on this?

With ROMAR below the BB's, and a lot of reading on the DB SAR FIBO pdf attached to this thread, I translated this scenario as ROMAR Ranging, and therefore with the 4 Horsemen and the Parabolics in my favour my target was naturally the lower BB, which is why I went short.

Hopefully Dana can explain where my reasoning went wrong.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,444
  • Edited 9:46am Jul 12, 2017 5:44am | Edited 9:46am
Quoting learn2fly
TODAY TRADING PLAN D1 ROMAR SUPPORT EMA SUPPORT PSAR SUPPORT Last DB attached on top candle 130.753 Macd Up Fibo Red NOTE: D1 is on full uptrend H2 ROMAR SUPPORT EMA SUPPORT PSAR SUPPORT Last DB/SAR attached on top 130.753 Macd Up Last EMA Cross Up Fibo Red BB opening up NOTE: H2 is on full uptrend H1 ROMAR SUPPORT EMA SUPPORT PSAR SUPPORT (eliminated) Macd Down NOTE:H1 is on full uptrend, but white crossed purple so parabolic eliminated final notes: all charts is full uptrend, so trade long off support, currently remaining support is H2 EMA and...
Result: -40pips
Self Evaluation : this trade is what makes me confused, yes i know maybe i miss some important factors
before entry, i see 2 possibilities: 1. reversal, 2. continuation
DB/SAR and divergence attached on top, plus fibo is red. so sign of reversal, but at the same time, 3 chart is full uptrend with EMA,ROMAR,PSAR
the scenario is similar with 2 days before, but it continue up.
maybe what i miss is i should wait for SAR attached on the PSAR than i can go long
please somebody kindly give me some input thanks..

i should haven't posted any trading plan, because i realized my understanding and my effort is still low. But i'll always keep reading every new post from our fellow.. thanks btw
I Will Never Give Up
  • #10,445
  • Jul 12, 2017 5:51am Jul 12, 2017 5:51am
Date: 12/07/17 6.08 GMT EUR/JPY

Daily: Open above horsemen
ROMAR - Support
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: Up
Last DB Attachment: 130.735 top
Fibo: Down

Notes: The Daily has the 4 horsemen heading up, purple on top all acting as support, the DB/SAR attached at the high at the 0 red fibo with now magenta tag. Market rising MACD getting weaker.

2 HR:
OPEN PRICE – 130.470 – 130.051
ROMAR - Support
EMA - Support
PSAR – Support E

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: 130.051 Bottom
Fibo: Down

Notes: The 2 hour has the four horsemen turning over at the top with both White and Smooth crossing Purple. DB attached on the bottom with LSB divergence. Romar still just out of trading range with the BB’S parallel. EMA Arrow before MACD.

1 HR:
ROMAR - Support
EMA –Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Up
Last DB Attachment: N/A
Fibo: Down

Notes: The 1 hour has the four horsemen heading South against the Romar trend which is now inside of the trading area and has just been tested. BB’s Parallel. MACD below 0.

Final Notes for all three charts: the market is in a Romar up trend. H1 H2 down swing and daily Horsemen still heading North. All fibs on red. The H2 has both divergence at the high. Arrows in the correct order for a retrace on H2
Entry:
Consolidation:
Long:
Short: looking for entry off Purple resistance.
Adj: didn’t touch purple and went (missed it!!) wait for retrace for 40 down to Romar and lower bb and daily Smooth. Entered of H2 purple h1 Smooth and horsemen still strong in the down.

NEWS: Yellen speaking approx. 1.30 GMT
Attached Image (click to enlarge)
Click to Enlarge Name: Short off purple and H1 Smooth 40 down to R and bb.PNG Size: 93 KB
Stop killing our Oceans, Stop using single use plastics.
  • #10,446
  • Jul 12, 2017 7:42am Jul 12, 2017 7:42am
Quoting Andiroo
Hi Derek, don't mind at all, it took me by surprise when it happened... If I'm honest I'm still trying to evaluate my trade and where it went wrong - Solitude's answered one part of it, and that was the Daily movement caused the break of my H2 Parabolics, however I can still see the 4 Horsemen in my favour on this? With ROMAR below the BB's, and a lot of reading on the DB SAR FIBO pdf attached to this thread, I translated this scenario as ROMAR Ranging, and therefore with the 4 Horsemen and the Parabolics in my favour my target was naturally the...
It was a slider, if you apply the rules of a slider to the entry, there was no short entry to place.
Never Give Up
  • #10,447
  • Jul 12, 2017 7:49am Jul 12, 2017 7:49am
Quoting Retrogue
{quote} It was a slider, if you apply the rules of a slider to the entry, there was no short entry to place.
Hi Retrogue, I'm not sure I understand, white crossed purple then a bar later smooth crossed purple ( slider? ) but then 3 bars later, ema crossed purple for the downswing? didn't it? lol , surely it was more likely this trade failed because of Romar outside Bollinger bands and less than 40 pips to Bollinger support? maybe shinny or Dove could help..... : )
  • #10,448
  • Jul 12, 2017 7:54am Jul 12, 2017 7:54am
Quoting Derek73
{quote} Hi Retrogue, I'm not sure I understand, white crossed purple then a bar later smooth crossed purple ( slider? ) but then 3 bars later, ema crossed purple for the downswing? didn't it? lol , surely it was more likely this trade failed because of Romar outside Bollinger bands and less than 40 pips to Bollinger support? maybe shinny or Dove could help..... : )
At the white/ smooth crossing was purple right at ema?
Never Give Up
  • #10,449
  • Jul 12, 2017 8:05am Jul 12, 2017 8:05am
Here you go guys, here's the snippet of the time in question - I went short half way down the 3rd Parabolic (the one now showing green arrow below);

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 bad trade -40.png Size: 23 KB



Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,450
  • Jul 12, 2017 8:09am Jul 12, 2017 8:09am
quoting Dove - The crossing of White with Purple is letting you know you are looking at one of two options - slider or reversal. If Smooth crosses Purple on the same bar or the next bar of the White crossing then you are looking at an automatic turn. If Smooth does not cross on the next bar of the White crossing then you wait for one or the other; slider or the reversal. EMA will let you know on a slider by sliding under purple for an up or above purple for the down. That is the rule.

So to me they both crossed ( white and smooth ) purple within 2 bars and we were just waiting on ema to cross to confirm? ie " wait for one or the other; slider or reversal?
cheers Derek
  • #10,451
  • Jul 12, 2017 8:23am Jul 12, 2017 8:23am
Quoting Derek73
quoting Dove - The crossing of White with Purple is letting you know you are looking at one of two options - slider or reversal. If Smooth crosses Purple on the same bar or the next bar of the White crossing then you are looking at an automatic turn. If Smooth does not cross on the next bar of the White crossing then you wait for one or the other; slider or the reversal. EMA will let you know on a slider by sliding under purple for an up or above purple for the down. That is the rule. So to me they both crossed ( white and smooth ) purple within...
Hi Derek, this and the heavy retrace from the Parabolic, and the bottom BB being within the Fibo range..... were my reasons to go short as per my trading plan - there was certainly enough pips to go short to BB support imho.


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,452
  • Jul 12, 2017 8:27am Jul 12, 2017 8:27am
Daily is making first time reversal after daily ranging break out to the upside. So now, it's looking for a Sar point at downside.
There are no weapons that will form against my financial prosperity.
  • #10,453
  • Jul 12, 2017 8:28am Jul 12, 2017 8:28am
Quoting Andiroo
{quote} Hi Derek, this and the heavy retrace from the Parabolic, and the bottom BB being within the Fibo range..... were my reasons to go short as per my trading plan - there was certainly enough pips to go short to BB support imho. Cheers, Andy

The only other thing I can see is the macd and ema red arrow were not in the right order signalling a small swing?
  • #10,454
  • Jul 12, 2017 8:37am Jul 12, 2017 8:37am
Quoting Derek73
{quote} The only other thing I can see is the macd and ema red arrow were not in the right order signalling a small swing?
Both EMA red and MCAD dn happened simultaneously! The EMA red is just above MCAD arrow, ie, out of Andiroo's snippet pic, just above the fibo ln.
  • #10,455
  • Jul 12, 2017 8:42am Jul 12, 2017 8:42am
Quoting Therapsid
{quote} Both EMA red and MCAD dn happened simultaneously! The EMA red is just above MCAD arrow, ie, out of Andiroo's snippet pic, just above the fibo ln.
yes but simultaneously is not the right order, neither is the second red ema arrow after the green up ( at SAR )......... look at the downswing now, that's the right configuration of EMA arrow and macd.
cheers Derek
  • #10,456
  • Jul 12, 2017 8:42am Jul 12, 2017 8:42am
It was an ema slider after a sar parabolic hit. Where is the confusion?

If a short was to be placed the parabolic had to flip. When it did flip the ema slider was visible
Never Give Up
  • #10,457
  • Jul 12, 2017 8:47am Jul 12, 2017 8:47am
All those who went short yesterday had broken at least 2 major rules. I suggest in finding those rules broken and not analyze or make excuses. Every scenario is different and those who went short are not placing the scenarios where they belong. You guys are not seeing the big picture but only what you think or analyze.

I am very busy this week and sorry I don't have the time to go through all the trades.
The Dove - Forex Trainer
  • #10,458
  • Jul 12, 2017 8:47am Jul 12, 2017 8:47am
Quoting Therapsid
{quote} Both EMA red and MCAD dn happened simultaneously! The EMA red is just above MCAD arrow, ie, out of Andiroo's snippet pic, just above the fibo ln.
Hi Therapsid, apologies if it confuses but ignore the fibo lines, there are from a snippet now so didn't exist back then.....


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,459
  • Jul 12, 2017 8:49am Jul 12, 2017 8:49am
Quoting Retrogue
It was an ema slider after a sar parabolic hit. Where is the confusion? If a short was to be placed the parabolic had to flip. When it did flip the ema slider was visible
Pay attention to what Retrogue is saying because I ask the same question.
The Dove - Forex Trainer
  • #10,460
  • Jul 12, 2017 8:52am Jul 12, 2017 8:52am
Quoting Derek73
{quote} yes but simultaneously is not the right order, neither is the second red ema arrow after the green up ( at SAR )......... look at the downswing now, that's the right configuration of EMA arrow and macd. cheers Derek
For referencing if your about to get a slider, read this post below. Looked like the same scenario to me.

Quoting dove_alliance
Starting from the far left you will see three green candles between the PSAR and EMA. Beginning with the 1st green candle you would know EMA is in a slider for the continuance of the uptrend. What is the Rule of knowing EMA will be a slider? Take note of the Rule in Knowing: This scenario is with the ROMAR uptrend. Below you have a snippet showing White crossing Smooth with the MACD arrow crossing '0'. The reason this is an EMA slider is because EMA DID NOT SHOW the crossing of Purple with the White crossing Smooth. {image} Below is showing the...
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