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The Paradox System

  • #10,541
  • Jul 14, 2017 7:26am Jul 14, 2017 7:26am
Quoting Adaptation
{quote} Entry: entered short at the opening of the 19:00 EST candle. Rules: consolidation 1. The 2HR is your trading chart 2. You can trade either short or long in consolidation 3. Trade from resistance to support (entered short at ROMAR resistance with SAR attachment in the previous candle and the 38.2 FIBO level). 4. Pip count to the bottom of the FIBO and lower BB 70 pips. Another note: BB are starting to compress together and the daily horsemen are starting to go sideways which may indicate the beginning of a ranging period. Again, took entry...
Self evaluation: +15 pips. Closed trade 5 minutes before USD consumer price index release, trade did not complete its course.
Consistency is a state of mind
  • #10,542
  • Jul 14, 2017 10:04am Jul 14, 2017 10:04am
Quoting SolitudeFx
Trading plan for July 13 Daily Romar:Support Ema:Support Parabolic:Support Ema Arrow: Up Macd Arrow: Down Fibo:Red Db/Sar: Db on top with Sar broke away at the bottom Notes: Open Daily above Ema with approx 80 pips to the purple/white crossing. Sar detach from db in uptrend consolidation. 2 Hour Romar:Resistance Ema:Resistance Parabolic:Support Ema Arrow: Up Macd Arrow: Up Fibo:green Db/Sar: Db and Sar at the bottom. Sar detached at top right at Romar now. Notes: Romar and Ema running pretty much through the middle and close to each other. Bollinger...
Self Evaluation

I was waiting on the market to break out above Romar but there was no open candle above that resistance so this scenario did not play out and I thought going short was too much risk against the Daily ema.
The quieter you become, the more that you can hear.
  • #10,543
  • Jul 14, 2017 10:25am Jul 14, 2017 10:25am
Quoting SolitudeFx
{quote} Self Evaluation I was waiting on the market to break out above Romar but there was no open candle above that resistance so this scenario did not play out and I thought going short was too much risk against the Daily ema.
You make a valid point Solitude - H2 ROMAR or Daily EMA?

I was sitting on the sidelines watching today - with the Daily EMA pushed through yesterday, and the several failed attempts since to break through the H2 ROMAR, plus the last SAR attachment, plus the suspicious looking EMA Slider (that caught me out last trade!), I would have said short today for the 40 pips (news aside) - Paradox was telling us that all along imho!

It looks like the cycle may appear to be happening again too.....

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,544
  • Jul 14, 2017 1:53pm Jul 14, 2017 1:53pm
I have been debating this decision for about a week in giving this 4 hour chart. The 4 hour chart is not a trading chart but will replace the Daily as for reference with support and resistance. The H4 is stripped down for reference only. The EMA signal, Arrows, and MACD is not on the H4.

The reason for debating is because some of you, if not all of you, would want to add indicators to the H4 and would be a bad mistake in doing so. If you use the H4 as you would the Daily then you have a great reference with ROMAR, EMA, and the Parabolic's between the H2 and H4; and the H4 could give you a good reference with entry with the H2 as for the DB/SAR being delayed on the H4 comparable with the H2.

My decision was based in helping those that are having difficulties in recognizing sliders. The H4 might be able to help. Another reason is because of the delay on the H4 as for support and resistance and could help you on entries with the delay..

On your trading plan you can add the H4 below the Daily and reference Support and Resistance on the H4 instead of the Daily. The H2 is still your Trading Chart and not the H4.

Download the H4 Template and copy/paste in your template folder. Install another EURJPY chart change the chart to a 4 hour right click on the chart and install the Paradox_H4 from the template.
Attached File(s)
File Type: zip Paradox_H4.zip   2 KB | 2,155 downloads
The Dove - Forex Trainer
  • #10,545
  • Jul 14, 2017 3:53pm Jul 14, 2017 3:53pm
Quoting dove_alliance
I have been debating this decision for about a week in giving this 4 hour chart. The 4 hour chart is not a trading chart but will replace the Daily as for reference with support and resistance. The H4 is stripped down for reference only. The EMA signal, Arrows, and MACD is not on the H4. The reason for debating is because some of you, if not all of you, would want to add indicators to the H4 and would be a bad mistake in doing so. If you use the H4 as you would the Daily then you have a great reference with ROMAR, EMA, and the Parabolic's between...
I got a question; if for example H1, H2 and D1 were trending and H4 was in a different trend, would it still be considered a trend scenario?
"Know thyself."
  • #10,546
  • Jul 14, 2017 4:03pm Jul 14, 2017 4:03pm
Quoting miau1
{quote} I got a question; if for example H1, H2 and D1 were trending and H4 was in a different trend, would it still be considered a trend scenario?
This is why I debated for so long because of traders trying to add something. All the RULES remain the same. AS I HAD STATED - the H4 is ONLY for REFERENCE on SUPPORT AND RESISTANCE.
The Dove - Forex Trainer
  • #10,547
  • Jul 14, 2017 4:37pm Jul 14, 2017 4:37pm
Quoting dove_alliance
I have been debating this decision for about a week in giving this 4 hour chart. The 4 hour chart is not a trading chart but will replace the Daily as for reference with support and resistance. The H4 is stripped down for reference only. The EMA signal, Arrows, and MACD is not on the H4. The reason for debating is because some of you, if not all of you, would want to add indicators to the H4 and would be a bad mistake in doing so. If you use the H4 as you would the Daily then you have a great reference with ROMAR, EMA, and the Parabolic's between...
Thank you for this Dove
Never Give Up
  • #10,548
  • Jul 14, 2017 4:48pm Jul 14, 2017 4:48pm
Quoting dove_alliance
{quote} This is why I debated for so long because of traders trying to add something. All the RULES remain the same. AS I HAD STATED - the H4 is ONLY for REFERENCE on SUPPORT AND RESISTANCE.
I didn't try to add anything, just asked a question to be sure I understood correctly. Thanks for clarifying anyway.
"Know thyself."
  • #10,549
  • Jul 14, 2017 5:11pm Jul 14, 2017 5:11pm
Quoting miau1
{quote} I didn't try to add anything, just asked a question to be sure I understood correctly. Thanks for clarifying anyway.
Your question was in reference of a trend difference which indicates adding a trend. I did not mention anything about trend but only specify SUPPORT AND RESISTANCE ONLY. I also stated the H4 is not a trading chart and that the H4 is stripped down for reference only. Bottom line you was looking at the H4 as a trading trend chart and that is adding to it.
The Dove - Forex Trainer
  • #10,550
  • Jul 14, 2017 5:22pm Jul 14, 2017 5:22pm
Quoting dove_alliance
{quote} Your question was in reference of a trend difference which indicates adding a trend. I did not mention anything about trend but only specify SUPPORT AND RESISTANCE ONLY. I also stated the H4 is not a trading chart and that the H4 is stripped down for reference only. Bottom line you was looking at the H4 as a trading trend chart and that is adding to it.
Then I apologize for creating confusion in the thread, it is the opposite I was trying to do.
"Know thyself."
  • #10,551
  • Jul 14, 2017 9:04pm Jul 14, 2017 9:04pm
Date and Time in creating your plan:

This is relevant because if you do not create your plan at the Opening of the new data at 17:00 ET, and create your plan sometime after the 17:00 ET; you then must reference the new Data.

The problem most traders are having is how the MT4 does not recognize the 17:00 Daily Bar chart. You get the spread before the 17:00 Bar for the currency exchange and then new data at 17:00 ET. This means at 17:00 the Daily and all other charts are receiving new data; even if the bar is still running from the H2 chat and up at 17:00 ET.

You have to adjust your trading plan accordingly with the chart time. This means; in order to use the H4 chart properly it must be in sync with the H2 support and/or resistance.

Example:

On today's closing you have ROMAR on the H2 as resistance. On the H4 ROMAR is support. In this scenario you have a ranging marks with ROMAR on each chart.

On today's closing you have both H2 and H4 Parabolic's as resistance with EMA as resistance on both charts with the H4 EMA in a slider.

On today's closing you have the H4 SAR on top at 129.509 and the H2 SAR on the bottom at 128.579. The DB on the H4 at 128.483 with the H2 DB at 128.483.

If you are to use the H4 in recognizing support and resistance you have too always remember the H2 is the power chart. So – I will repeat – the H4 is not a trading chart.

H4 is to be used as a leverage for support and resistance especially in consolidation and ranging between support on one chart; and resistance on the other. If you use the H4 properly you will see trades you haven't recognize before with S/R on the H4 coinciding with the H2. The Parabolic is a great example on both charts at closing with ROMAR as support on the H2 and resistance on the H4. Another example is with the SAR on Thursday evening with the hit on both charts for the short with H2 ROMAR as resistance and the H4 EMA as resistance.

Good luck traders and I pray it will help some of you with a greater leverage.
The Dove - Forex Trainer
  • #10,552
  • Jul 15, 2017 3:38am Jul 15, 2017 3:38am
Thank you sir, that is really helpful to me - I have certainly been struggling trying to use the Daily chart in reference to the 'H2 in the moment'.


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,553
  • Jul 15, 2017 3:48am Jul 15, 2017 3:48am
Thanks , mr Dove , for this very helpful gift and for your time and patience ,very appreciate..
  • #10,554
  • Edited 5:57am Jul 15, 2017 5:20am | Edited 5:57am
Quoting dove_alliance
I have been debating this decision for about a week in giving this 4 hour chart. The 4 hour chart is not a trading chart but will replace the Daily as for reference with support and resistance. The H4 is stripped down for reference only. The EMA signal, Arrows, and MACD is not on the H4. The reason for debating is because some of you, if not all of you, would want to add indicators to the H4 and would be a bad mistake in doing so. If you use the H4 as you would the Daily then you have a great reference with ROMAR, EMA, and the Parabolic's between...
Very interesting and cool. I believe Hendo is also using 4H. There is always something new, isn't it?

Thank you
Dreamer
  • #10,555
  • Jul 15, 2017 8:13am Jul 15, 2017 8:13am
Quoting dove_alliance
Date and Time in creating your plan: This is relevant because if you do not create your plan at the Opening of the new data at 17:00 ET, and create your plan sometime after the 17:00 ET; you then must reference the new Data. The problem most traders are having is how the MT4 does not recognize the 17:00 Daily Bar chart. You get the spread before the 17:00 Bar for the currency exchange and then new data at 17:00 ET. This means at 17:00 the Daily and all other charts are receiving new data; even if the bar is still running from the H2 chat and up...
Thank you Dove, this is great.
Derek.
  • #10,556
  • Jul 15, 2017 10:53am Jul 15, 2017 10:53am
Quoting dove_alliance
I have been debating this decision for about a week in giving this 4 hour chart. The 4 hour chart is not a trading chart but will replace the Daily as for reference with support and resistance. The H4 is stripped down for reference only. The EMA signal, Arrows, and MACD is not on the H4. The reason for debating is because some of you, if not all of you, would want to add indicators to the H4 and would be a bad mistake in doing so. If you use the H4 as you would the Daily then you have a great reference with ROMAR, EMA, and the Parabolic's between...
Thank you for this Dove
Consistency is a state of mind
  • #10,557
  • Edited 7:58pm Jul 15, 2017 7:33pm | Edited 7:58pm
Quoting SolitudeFx
{quote}
So everyone knows - I had Solitude delete his post because it was 'fake news'. I had stated very clearly the H4 is not a trading chart. All rules apply to the H1, H2, and the Daily only. The H4 is a reference chart only for support and resistance to be used with the H2.
The Dove - Forex Trainer
  • #10,558
  • Jul 15, 2017 7:42pm Jul 15, 2017 7:42pm
Solitude - one more time - delete your last post.
The Dove - Forex Trainer
  • #10,559
  • Jul 15, 2017 7:44pm Jul 15, 2017 7:44pm
Quoting dove_alliance
Solitude - one more time - delete your last post.
So sorry, I was just backtesting your new idea and noticed this. It has been deleted.
The quieter you become, the more that you can hear.
  • #10,560
  • Jul 15, 2017 7:54pm Jul 15, 2017 7:54pm
Quoting dove_alliance
Solitude - one more time - delete your last post.
I was very intrigued by your new addition and started going over the charts. I really do apologize for letting my interest get the best of me. Your system has me mesmerized and I went off the trail. God bless you!!
The quieter you become, the more that you can hear.
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