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The Paradox System

  • #10,901
  • Aug 9, 2017 11:25pm Aug 9, 2017 11:25pm
Quoting dove_alliance
{quote} If you take a closer look at your entry you would see the White was at Purple and two bars laster Smooth was at Purple. It had to coincide one bar apart.
I thought "white at purple", for example, meant they were touching. The candle time stamped 12:00 had White and Purple very close but not touching. Thank you for clearing that up it definitely makes more sense now.

Then on the candle after that one, White crossed Purple - I mistook that as the candle on which White had crossed Purple and thought my entry correct because the third candle, Smooth and Purple were touching.

I'm sorry for bothering you at this hour with these simple mistakes.
  • #10,902
  • Aug 9, 2017 11:29pm Aug 9, 2017 11:29pm
Quoting Nikitafen
{quote} The importance of the H4 chart is clearer now, I will remember to include it in my trading plan as reference. I failed to see the overall picture, partly due to being too ignorant to open the 4 hour chart and partly due to not being knowledgeable enough yet. Am I correct in saying that the pip count to H4 EMA is not always necessary, it depends on the scenario and what all the charts are saying (The Big Picture)? - especially the H2 trend chart? Even in the case of this being a winning trade, I would consider it a loser. I should have eliminated...
The H4 was given out because of its support and resistance. The H4 works exactly the same as the H2 and Daily in regards to support and resistance. Like right now - you are stuck in between the H4 EMA resistance and Smooth support. And as of this moment the H4 EMA has the power. I hope that helps you.
The Dove - Forex Trainer
  • #10,903
  • Aug 9, 2017 11:32pm Aug 9, 2017 11:32pm
Quoting Nikitafen
{quote} I thought "white at purple", for example, meant they were touching. The candle time stamped 12:00 had White and Purple very close but not touching. Thank you for clearing that up it definitely makes more sense now. Then on the candle after that one, White crossed Purple - I mistook that as the candle on which White had crossed Purple and thought my entry correct because the third candle, Smooth and Purple were touching. I'm sorry for bothering you at this hour with these simple mistakes.
No problem - taking a look on top of the H4 you will see the sequence of white and Smooth crossing purple. White first and on the next bar Smooth.
The Dove - Forex Trainer
  • #10,904
  • Aug 9, 2017 11:36pm Aug 9, 2017 11:36pm
Quoting dove_alliance
{quote} No problem - taking a look on top of the H4 you will see the sequence of white and Smooth crossing purple. White first and on the next bar Smooth.
Crystal clear now, thank you Dana.
  • #10,905
  • Aug 10, 2017 3:32am Aug 10, 2017 3:32am
trying again chaps

Date: 10/08/17 6.55 GMT EUR/JPY

Daily: Open below horsemen way out of balance.
ROMAR - Support
EMA - Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 128.428 bottom
Fibo: Down

Notes: The Daily has the 4 horsemen heading South with an open below all Horsemen in order, but out of balance. Both DB/SAR with Hazel tag and LSB divergence attached at the bottom. MACD still below 0. Romar out of trading area. BB’s parallel.

4HR:
ROMAR - Resistance
EMA - Resistance
PSAR – Resistance
Horsemen – Up slider

2 HR:
OPEN PRICE – 129.318 – 129.073
ROMAR - Resistance
EMA –Support
PSAR – Support E

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Down
Last DB Attachment: 129.318 top
Fibo: Up

Notes: The 2 hour has the four horsemen turning over with EMA sliding under purple. DB/SAR magenta divergence and a hazel tag at a LH. BB’s closing, top inside the fib. Red arrow with MACD getting weaker.

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

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

Notes: The 1 hour has the four horsemen also heading south in order. BB’s starting to close in.

Final Notes for all three charts: the market is in Consolidation with Daily ROMAR spoiling the party for a full blown down. Daily horsemen also heading down and in order. Market still out of balance.


Entry:
Consolidation:
Long: looking for short off resistance keeping in mind the balance effect.
Short:

NEWS: US news 1.30 and NK could happen any time.

Rules: Went short on H2 open below smooth and ema. White x purple, next bar smooth cross purple and ema, white just above smooth???? Red arrow and macd getting weaker.
H4 smooth just slid under purple now resistance.
Daily romar next support or h2 DB! +40
No support on H1
MARKET OUT OF BALANCE!!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: h2 short OBS.PNG Size: 68 KB
Stop killing our Oceans, Stop using single use plastics.
  • #10,906
  • Edited 7:29am Aug 10, 2017 5:54am | Edited 7:29am
Hello fellow traders, I'm back with my trading activities as I have been very busy over the last weeks. This was my trade from yesterday.

Date: 09/08/2017 17:00 EST


Daily:
ROMAR support
EMA - support
PSAR - resistance

Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow down
Last DB Attachment down at 128.428
FIBO down


Notes: PSAR is currently flipping for a new trend south, but not set in stone yet. ROMAR out of trading area and market got near the lower BB and retraced afterwards. Price imbalanced with purple.

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

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB Attachment down at 128.428
FIBO up

Notes: the 2 HR chart is starting a trip upwards, FIBO flipped, PSAR flipping, EMA and MACD arrows up, SAR attached and waiting for the DB for the confirmation of the trend, gold divergence attached below with the DB. Pip count to ROMAR (70), pip count to 61.8 FIBO (65).

1 HR:
ROMAR - resistance
EMA - support
PSAR support
Notes: the 1 HR chart is in trend for the up.
Final notes: the market is starting an upwards movement so that it can balance with purple on the daily chart. The 2 HR chart is now setting the trend for the up. I will look to enter long as there is enough distance to major resistance on the 2 HR chart.
Entry: entered long at the opening of the 17:00 EST candle.
Rules:
1. Market in consolidation so trading is both ways
2. Balance (most important element in the paradox) market is turning up to rebalance with purple
3. Enough pip room to counter trade ROMAR


Self-evaluation: -40 pips. I thought this was a good trade. This scenario has been explained several times and the balance factor made me believe that it would indeed go north. There was enough room between the entry point and the take profit. I think that maybe the fact that EMA didn't show the crossing with purple at the same time with white and smooth took it to a slider but I still thought this was going up. I appreciate any feedback, thank you.

EDIT: forgot to post the screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: 09-08-2017.png Size: 55 KB
Consistency is a state of mind
  • #10,907
  • Aug 10, 2017 6:35am Aug 10, 2017 6:35am
Quoting Adaptation
Hello fellow traders, I'm back with my trading activities as I have been very busy over the last weeks. This was my trade from yesterday. Date: 09/08/2017 17:00 EST Daily: ROMAR support EMA - support PSAR - resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow down Last DB Attachment down at 128.428 FIBO down Notes: PSAR is currently flipping for a new trend south, but not set in stone yet. ROMAR out of trading area and market got near the lower BB and retraced afterwards. Price imbalanced with purple. 2 HR: ROMAR - resistance EMA...
Ok, now I see what happened reading Nikitafen's evaluation. I will start including the 4 HR always on my plan.
Consistency is a state of mind
  • #10,908
  • Aug 10, 2017 7:57am Aug 10, 2017 7:57am
Quoting Adaptation
Hello fellow traders, I'm back with my trading activities as I have been very busy over the last weeks. This was my trade from yesterday. Date: 09/08/2017 17:00 EST Daily: ROMAR support EMA - support PSAR - resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow down Last DB Attachment down at 128.428 FIBO down Notes: PSAR is currently flipping for a new trend south, but not set in stone yet. ROMAR out of trading area and market got near the lower BB and retraced afterwards. Price imbalanced with purple. 2 HR: ROMAR - resistance EMA...
Welcome Back! (I under stand busy life) We learn best together!
  • #10,909
  • Aug 10, 2017 8:45am Aug 10, 2017 8:45am
Quoting Therapsid
{quote} Welcome Back! (I under stand busy life) We learn best together!
Thank you for your welcome Therapsid!
Consistency is a state of mind
  • #10,910
  • Aug 10, 2017 9:44am Aug 10, 2017 9:44am
Quoting jakdan
trying again chaps Date: 10/08/17 6.55 GMT EUR/JPY Daily: Open below horsemen way out of balance. ROMAR - Support EMA - Resistance PSAR Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 128.428 bottom Fibo: Down Notes: The Daily has the 4 horsemen heading South with an open below all Horsemen in order, but out of balance. Both DB/SAR with Hazel tag and LSB divergence attached at the bottom. MACD still below 0. Romar out of trading area. BBs parallel. 4HR: ROMAR - Resistance EMA - Resistance PSAR Resistance...
trade evaluation: Hallelujah +40 from the market.
thought i had done it again with not entering at the 07.00 candle but the indicators were just not there IMO, so waited for confirmation of the crosses and the h4 slide with smooth for verification.
Stop killing our Oceans, Stop using single use plastics.
  • #10,911
  • Aug 10, 2017 10:18am Aug 10, 2017 10:18am
Quoting jakdan
{quote} trade evaluation: Hallelujah +40 from the market. thought i had done it again with not entering at the 07.00 candle but the indicators were just not there IMO, so waited for confirmation of the crosses and the h4 slide with smooth for verification.
Very nice trade Jakdan - you caught the sequence and on down it went.

Now -

The Paradox does not keep a schedule as you are finding out. 07:00 does not mean the Paradox is ready for you too make a trade. So eliminate that 07:00 crap and trade what the Paradox is saying on its schedule.
The Dove - Forex Trainer
  • #10,912
  • Aug 10, 2017 10:22am Aug 10, 2017 10:22am
Quoting dove_alliance
{quote} Very nice trade Jakdan - you caught the sequence and on down it went. Now - The Paradox does not keep a schedule as you are finding out. 07:00 does not mean the Paradox is ready for you too make a trade. So eliminate that 07:00 crap and trade what the Paradox is saying on its schedule.
thanks for your comments and time Dana.

im getting there if its not 100% at 07.00 the dog goes for a 90 minute walk.
Stop killing our Oceans, Stop using single use plastics.
  • #10,913
  • Aug 10, 2017 10:26am Aug 10, 2017 10:26am
Quoting Adaptation
{quote} Ok, now I see what happened reading Nikitafen's evaluation. I will start including the 4 HR always on my plan.
Yes - welcome back. Not only with Niki's evaluation with the H4 - let me remind you that your trade was a ROMAR counter trade and the market had already moved over a 100 pips in the counter trade. In not taking the trade from bottom with the counter trader you was at risk of losing the trade.

Hope that helps.
The Dove - Forex Trainer
  • #10,914
  • Aug 10, 2017 12:40pm Aug 10, 2017 12:40pm
Quoting dove_alliance
{quote} Yes - welcome back. Not only with Niki's evaluation with the H4 - let me remind you that your trade was a ROMAR counter trade and the market had already moved over a 100 pips in the counter trade. In not taking the trade from bottom with the counter trader you was at risk of losing the trade. Hope that helps.
Thanks for your welcome too sir. Yes it helps me a lot, now I understand where I went wrong.
Consistency is a state of mind
  • #10,915
  • Aug 10, 2017 5:14pm Aug 10, 2017 5:14pm
Take note of the all day Yen bank holiday, Japanese banks will be very lightly manned today.
  • #10,916
  • Aug 10, 2017 5:43pm Aug 10, 2017 5:43pm
Quoting Nikitafen
Take note of the all day Yen bank holiday, Japanese banks will be very lightly manned today.
Not necessarily so. The banks are on holiday but the prop traders are not. The prop traders can be with any financial institution.
The Dove - Forex Trainer
  • #10,917
  • Aug 10, 2017 5:47pm Aug 10, 2017 5:47pm
Quoting dove_alliance
{quote} Not necessarily so. The banks are on holiday but the prop traders are not. The prop traders can be with any financial institution.
Ah okay, thanks for clearing that up. Could there still be less liquidity in the markets for this session?

I was trying to reference - "the banks control the forex market and they are the only ones that moves this market"
  • #10,918
  • Aug 10, 2017 5:54pm Aug 10, 2017 5:54pm
Quoting Nikitafen
{quote} Ah okay, thanks for clearing that up. There could still be less liquidity in the markets for this session?
It could but not always. I have seen it too many times when all pairs on holiday and go crazy with the market; including the banks. All it takes is one prop trader to get a schedule for a trade - while the bank is on holiday - and that trade will be made; or even several schedules.
The Dove - Forex Trainer
  • #10,919
  • Aug 10, 2017 7:17pm Aug 10, 2017 7:17pm
NEWS: RED news 8:30 AM USD

Daily:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom 128.217
Last SAR Attachment - Bottom 128.217
Fibonacci - Red

Notes: Daily ranging. PSAR has flipped and locked in at the open of the daily candle yesterday night. DB/SAR attachment at the bottom. Purple still unbalanced. Smooth and White crossing as EMA is at the crossing of Purple. Bollinger Bands still tight but very slightly opening up. MACD is well below 0 and decreasing. 4 horsemen are locking in the the downtrend. Lower Bollinger Band is support at the moment for the market. Bollinger Bands coupled with the 50.00 Fibo level is support. 38.2 Fibo level is resistance.

H4:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last DB Attachment - Bottom 128.217
Last SAR Attachment - Bottom 128.217
Fibonacci - Green

Notes: PSAR is holding heavy Resistance. Purple, White and Smooth are in the downtrend, and we are at the bottom of the Fibo. DB/SAR attached at the bottom of the Fibo at 0.0 with divergences. Market out of balance with Purple and the 4 horsemen are resistance.


H2:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Botto 128.217
Last SAR Attachment - Bottom 128.217
Fibonacci - Green

Notes: H2 downtrend. ROMAR within the Fibo. We are at the bottom of the Fibo. MACD below 0. 4 horsemen in swing down but we are at the bottom of the Fibo so there will be a consolidation before reversal. Not enough pips to Fibo Support to go short. DB attached at bottom, so next attachment is at the top. White is at the crossing of Purple

H1:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Down
Last DB Attachment - null
Fibonacci - Green

Notes: White crossing Purple with Smooth holding resistance. Bollinger bands very wide. Fibo is green. ROMAR, PSAR and EMA holding resistance as well. MACD below 0 but increasing. I hope I recall correctly when Dana had mentioned several times that the MACD 0 crossing on the H1 is preparing you for a change of swing. “And i say prepare and not a diffident signal’ was the quote from Dana. Looking at yesterday as an example where the MACD crossed 0 in succession 3 bars in a row is a good trade, but only in using the H1 for a reference, as confluence, not a signal solely based off that, but when the H2 indicates it as well.

Final Notes: Daily candle out of balance. H2 at the bottom of the Fibo. 50.00 is support on the daily and 38.2 is resistance. I may be mistaken, but I see a double bottom based on what the Parabolics are telling me. The Parabolics were resistance when ROMAR crossed EMA. One low was created, and a new, lower low was created about 20+ pips below. Combined with the daily candle being out of balance and the market being at the bottom of the Fibo, I plan on entering long. H2 Market has been rejected off Purple support for the previous 2 candles. The pip count to H4 EMA and the H2 23.6 Fibo resistance is there. Also, DB/SAR have re-attached at the bottom of the candle.

Rules:

40 pip count to H4 EMA and H2 Parabolics
Double Top/Bottom indicated a breakout either way.
On the 3rd candle being out of balance (daily) market will return balance



Entry:

Long - H2 open candle 20:00 EST, MACD H1 crossed 0, Purple holding support for the market with open above White.

I was deliberating positng this trading plan and entry, but I decided to put myself out there so others can learn of my mistakes, so here goes.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (46).png Size: 154 KB
  • #10,920
  • Aug 10, 2017 7:59pm Aug 10, 2017 7:59pm
Quoting Nikitafen
NEWS: RED news 8:30 AM USD Daily: ROMAR - Support EMA - Resistance Psar - Resistance Checklist: Last MACD 0 Crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - Bottom 128.217 Last SAR Attachment - Bottom 128.217 Fibonacci - Red Notes: Daily ranging. PSAR has flipped and locked in at the open of the daily candle yesterday night. DB/SAR attachment at the bottom. Purple still unbalanced. Smooth and White crossing as EMA is at the crossing of Purple. Bollinger Bands still tight but very slightly opening up. MACD is well below 0 and decreasing....
OK Niki - couple of things I am trying to figure out. One is how did a double bottom exist with the Parabolic? I haven't figured that one out yet as we do not have a double bottom. And most importantly why go long when everything is showing the short on each and everyone of your charts when you pulled the trigger? The Daily only support is ROMAR and it is deep in the valley with about 200 pips.

I thought I would bring it up to you when you begin to wonder what is going on.
The Dove - Forex Trainer
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