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The Paradox System

  • #11,021
  • Aug 24, 2017 12:49pm Aug 24, 2017 12:49pm
Quoting dove_alliance
This is for Niki and Rad: What you both had failed to see is ON the H4 chart. You have to always keep in mind SUPPORT AND RESISTANCE. The H4 is in a consolidated ranging mode with a WEDGE between the Parabolic support and ROMAR resistance. And you both had entered right against Support with H2 SAR as confluence for the long. Neither one of you did not apply the rules for support and resistance in consolidation. You can see the ranging on the H2 and there was a reason with the H4 showing the ranging. When something is happening that is not right...
I never thought of it in the way that what is happening on one chart and poses risk to a trade then it is also evident another. I really need to get away from bias and other negative emotions, it only impedes my learning and trading.
  • #11,022
  • Aug 24, 2017 3:21pm Aug 24, 2017 3:21pm
Quoting Nikitafen
{quote} I never thought of it in the way that what is happening on one chart and poses risk to a trade then it is also evident another. I really need to get away from bias and other negative emotions, it only impedes my learning and trading.
I had that problem being bias on the short for the longest time. I had to learn in seeing the charts with a new perspective being objective with both trend and S/R. I had found the Daily Chart gave me the trend along with Support and Resistance; and the lower charts verify what the Daily is saying. This had finally took away my biasness because I then began seeing the trend both ways between support and resistance in all scenarios. I have given this advise throughout all my training:

1. Never be bias
2. Trade support and resistance
3. Trade the trend between support and resistance
4. Never analyze but only trade what the Paradox is saying
5. Trade long from support and short from resistance.
6. Never trade from center

Once you have set your emotions trading both ways then the visuals will become much more clearer.

I hope this helps you.
The Dove - Forex Trainer
  • #11,023
  • Aug 24, 2017 3:44pm Aug 24, 2017 3:44pm
Quoting dove_alliance
{quote} I had that problem being bias on the short for the longest time. I had to learn in seeing the charts with a new perspective being objective with both trend and S/R. I had found the Daily Chart gave me the trend along with Support and Resistance; and the lower charts verify what the Daily is saying. This had finally took away my biasness because I then began seeing the trend both ways between support and resistance in all scenarios. I have given this advise throughout all my training: 1. Never be bias 2. Trade support and resistance 3. Trade...
It seems to me invaluable advice, I just need more time and practice to experience it and then it will become much more familiar. I'll be referring to this when making my next plan. Thank you.
  • #11,024
  • Aug 24, 2017 3:49pm Aug 24, 2017 3:49pm
Quoting dove_alliance
{quote} I had that problem being bias on the short for the longest time. I had to learn in seeing the charts with a new perspective being objective with both trend and S/R. I had found the Daily Chart gave me the trend along with Support and Resistance; and the lower charts verify what the Daily is saying. This had finally took away my biasness because I then began seeing the trend both ways between support and resistance in all scenarios. I have given this advise throughout all my training: 1. Never be bias 2. Trade support and resistance 3. Trade...
To give an example of learning to trade both ways and not being bias:

Yesterday you had the Daily bar opened above Purple and between White and Smooth. On the H1 you had ROMAR sliding under EMA for the Long with the Parabolic flip. On the H2 you had the SAR attached for the long. On the H4 you had the Parabolic hit for the long. With the Daily opening above Purple and all lower charts showing the long - the Question you should be asking: which way do I pull the trigger from support.
The Dove - Forex Trainer
  • #11,025
  • Aug 24, 2017 3:54pm Aug 24, 2017 3:54pm
Quoting Nikitafen
{quote} It seems to me invaluable advice, I just need more time and practice to experience it and then it will become much more familiar. I'll be referring to this when making my next plan. Thank you.
Opening up your mind a little bit. What is the Rule when the H1 ROMAR crosses EMA and/or slides under/above EMA? If you know the rule you would know what happens next with the H2 ROMAR.
The Dove - Forex Trainer
  • #11,026
  • Aug 24, 2017 3:58pm Aug 24, 2017 3:58pm
Quoting dove_alliance
{quote} To give an example of learning to trade both ways and not being bias: Yesterday you had the Daily bar opened above Purple and between White and Smooth. On the H1 you had ROMAR sliding under EMA for the Long with the Parabolic flip. On the H2 you had the SAR attached for the long. On the H4 you had the Parabolic hit for the long. With the Daily opening above Purple and all lower charts showing the long - the Question you should be asking: which way do I pull the trigger from support.
I'm starting my plan and noticed everything you just said about yesterday and I'm asking myself why I decided to go short when the big picture said up. Even after, I think almost 6 months, there is so much more I have to learn and practice to get to 80%, so I hope you will bear with me while I keep studying and practicing.
  • #11,027
  • Aug 24, 2017 4:00pm Aug 24, 2017 4:00pm
Quoting dove_alliance
{quote} Opening up your mind a little bit. What is the Rule when the H1 ROMAR crosses EMA and/or slides under/above EMA? If you know the rule you would know what happens next with the H2 ROMAR.
It is the sequence and waiting on the crossing of the H2 ROMAR, you posted it within the last 5 pages or so but it I forgot to apply it. Rather my bias for the short clouded my mind.
  • #11,028
  • Aug 24, 2017 4:01pm Aug 24, 2017 4:01pm
Quoting Nikitafen
{quote} I'm starting my plan and noticed everything you just said about yesterday and I'm asking myself why I decided to go short when the big picture said up. Even after, I think almost 6 months, there is so much more I have to learn and practice to get to 80%, so I hope you will bear with me while I keep studying and practicing.
No problem Niki - just stay with it.
The Dove - Forex Trainer
  • #11,029
  • Aug 24, 2017 4:11pm Aug 24, 2017 4:11pm
Quoting dove_alliance
This is for Niki and Rad: What you both had failed to see is ON the H4 chart. You have to always keep in mind SUPPORT AND RESISTANCE. The H4 is in a consolidated ranging mode with a WEDGE between the Parabolic support and ROMAR resistance. And you both had entered right against Support with H2 SAR as confluence for the long. Neither one of you did not apply the rules for support and resistance in consolidation. You can see the ranging on the H2 and there was a reason with the H4 showing the ranging. When something is happening that is not right...
I did see that but allowed my bias to take over I suppose. H4 is still in a pretty tight consolidation in spite of market getting up to daily PSAR last night.
Thank you for your comments, Dana, very kind of you to allow me learn with you, I do appreciate. May you be blessed.
  • #11,030
  • Aug 24, 2017 4:37pm Aug 24, 2017 4:37pm
(RED EUR news at 6 pm AEDT)
Trading plan 25th Aug 2017, 7:15 am AEDT

DAILY :

ROMAR : SUPP
EMA : RES.
PSAR : RES
fibo : green
MACD : last crossed down
SAR : with DB at bottom with price label.
Daily in consolidation with white at purple, horsemen headed upwards, market is at the daily parabolic.

H4 :

ROMAR : RES
EMA : SUPP
fibo : green
PSAR : SUPP
SAR : attached with DB at top, and green divergence.

The H4 ROMAR is at purple, and has become support against a short, with market having broken above. BB still narrow. The SAR/DB/green div combination is (as per rules) an early indication of a reversal.


H2 :
ROMAR : RES
EMA : SUPP
PSAR : SUPP
fibo : RED
MACD : last cross up

H2 horsemen headed up strongly, but SAR/DB/green div combination gives early indication of a reversal.

H1 :

ROMAR : SUPP
EMA : SUPP
PSAR : SUPP
fibo : RED
MACD : last cross up

Notes : The daily ema restricts the downward movement sufficient for a short, with market at daily PSAR, which is a strong resistance to a long. With H4 and H2 in confluence for a reversal to down, the short appears to have better prospects.

ENTRY : short if have candle open below the H4 ROAM which is around same level as daily EMA, but at that pint the H2 ROMAR and PSAR would be in way. A long doesn't look likely due to confluence of a pending reversal for the down on H4 and H2.

PS : daily going up with DB/SAR attachment at top during next 2 days could create opportunity for a long term trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_20170825_H2.png Size: 133 KB
  • #11,031
  • Edited 8:38am Aug 25, 2017 8:27am | Edited 8:38am
Quoting rad1958
{quote} Result -40 pips. Was ignoring the H2 SAR at the bottom my only mistake ? I see that the H2 MACD was down. The basis for going short was : 1. H2 & H4 ROMAR resistance, 2. Daily EMA resistance below SL, and fibo resistances. I feel I have a blind spot and am not able to see something else, relying on Support and Resistance levels solely ? EDIT : I see that I read the H2 wrong. Something made me note down H2 SAR at atop, when it was at bottom. That is an indication of a reversal. oversight on my part. Resolve to double-check plans from now....

Parabolic is deadly. its the H4 parabolic that stops the market from going south. Now we are still in consolidation until the parabolic flip and ema cross purple for the long in the Daily Chart. I remembered when I cried out to my savior and got down on my knees to understand the PARADOX and he finally did.
To reach that level of determination is a matter of the will.
  • #11,032
  • Aug 25, 2017 9:37am Aug 25, 2017 9:37am
NEWS: High Impact EUR 04:00, USD 08:30, USD 12:00, EUR 15:00
Thursday Trading Plan

Daily:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Bottom with DB at 127.549
Fibonacci - Green

Notes: Daily candle open above Purple/White with EMA, Smooth and the Parabolic as resistance. New daily candle may be opening around the Parabolic resistance. White at the crossing of Purple. With the new candle, White may have crossed Purple eliminating Parabolic resistance, but still waiting on it, no anticipating. DB/SAR still attached on bottom so next attachment with SAR is on top.

H4:

ROMAR - Resistance
EMA - Support
Psar - Support

Checklist:

Last DB Attachment - Top at 129.350
Last SAR Attachment - Top with DB at 129.350
Fibonacci - Red

Notes: The 4 horsemen above EMA. ROMAR resistance with the market having gotten above it. DB/SAR attached on top with green divergence. Upper band opening up. The 4 horsemen turning up. 61.8 Fibo is support.

H2:

ROMAR - Support
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top at 129.350
Last SAR Attachment - Top at 129.350
Fibonacci - Red

Notes: ROMAR and EMA support with the 4 horsemen up in swing. EMA then MACD arrows up. Fibo red indicating oversold. Upper band hit and opening up. DB/SAR attached on top in trend.

H1:

ROMAR - Support
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing -Up
Last EMA Alert Arrow - Up
Last MA Alert Arrow - Up
Fibonacci - Red

Notes: Uptrend with ROMAR, EMA and the 4 horsemen as support. Red Fibo and Bollinger Bands wide. White and Purple in trend up.

Final Notes: With the first high impact news at 04:00 followed by more high impact news throughout the day, there will only be a small window to enter is how I see it. No point to enter at 02:00 only to close the position at 03:55. The daily is up at Parabolic resistance with White at the crossing of Smooth. Market imbalance with Purple. H4 has market above ROMAR which is still above EMA making it resistance. The H2 chart is up but at the top of the red Fibo and the 4 horsemen are up in trend. H1 is in the uptrend along with H2.

20:00 EST Adjustments: New daily candle opened right at the Parabolic. White has crossed Purple with this new open candle, with Smooth at the crossing of Purple. Parabolic is eliminated as resistance, but market can still either bounce off it or break it with an open candle on the other side. H4 candle balanced with Purple with the 4 horsemen in trend up. H2 open candle between White and Smooth with 4 horsemen in strong trend up. H1 White is at Purple crossing, open below Smooth. With inside and outside of the box divergence attached on the H2, and being at the top of the Fibo the up move is over and waiting on the consolidation with white crossing Purple. I see no trade to go long at the moment with the top of the Fibo and divergences. Given that news is looming and that H2 Smooth/Purple crossing may take a while with the consolidation, there may not be a trade opportunity before news.

04:00 EST Adjustments: Daily hit on 50.0 and H4 upper Bollinger Band. SAR attached on bottom of candle H2 but with divergences attached and Fibo red I won’t be entering long, especially because the pips aren’t there to the top. News every 4 hours or so, it’s probably wise to stay out of the markets until next week, no need to be greedy.

Note: interesting how the Daily 50.0 resistance and H4 upper band shot the market down after that spike, and that’s only 2 areas of confluence.

Entry:
Long - SAR attachment on bottom with MACD above 0, from an area of confluence on Daily/H4/H1, and 40 pips to the top of the Fibo or a EMA slider and open above Smooth with 40 pips to top of Fibo.
Short - Correct Sequence for White/Purple and Smooth/Purple crossing with open at EMA, if not open at EMA then with retrace to 4 horsemen: allowing for 40 pips to H2 ROMAR Support and/or H4 Parabolic, whichever is closer, only if the pips are there.

Rules(s) for Entry:

Long: 40 pips to top of the Fibo. Smooth or EMA slider.
Short: Correct sequence of White/Purple and Smooth/Purple crossing or EMA crossing Purple with Parabolic locked in for resistance. 40 pips to H2 ROMAR or H4 PSAR support.

Evaluation: No trade, I saw no opportunity that presented itself, and too much risk to go long at the 04:00 candle with the news and not enough pips to the top, not with H2 and H4 Fibo and divergences, H4 upper band, and Daily 50.0.

Made my plan but didn't find a trade. I decided it wouldn't hurt to post my plan regardless.
  • #11,033
  • Aug 25, 2017 9:38am Aug 25, 2017 9:38am
Hello Everyone,
My take away from reading 37 pages so far "PARADOX = LOGIC" as traders we are constantly looking for strategy, strategy is useless without LOGIC.
God bless us all...
Plan your trade and Trade your plan.
  • #11,034
  • Aug 25, 2017 10:24am Aug 25, 2017 10:24am
Uploading charts for cross reference. Thanks in advance

D1
H4
H2
H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 54 KB
Click to Enlarge Name: EURJPYH4.png Size: 49 KB
Click to Enlarge Name: EURJPYH2.png Size: 56 KB
Click to Enlarge Name: EURJPYH1.png Size: 52 KB
Plan your trade and Trade your plan.
  • #11,035
  • Aug 25, 2017 12:07pm Aug 25, 2017 12:07pm
Quoting Opayq
Uploading charts for cross reference. Thanks in advance D1 H4 H2 H1 {image} {image} {image} {image}
Wrong broker and you need to set up exactly as had been posted.
The Dove - Forex Trainer
  • #11,036
  • Aug 25, 2017 1:28pm Aug 25, 2017 1:28pm
About a week ago I had posted this statement:

"The Daily ROMAR is still up and we are in a ROMAR ranging mode with the Daily outside the trading area. Opening on Sunday we had an open H1 above ROMAR and had already crossed Purple for EMA and entry going long. Yesterday we had an opening with ROMAR as support in a slider under EMA going long. And because of the sequence with ROMAR beginning with the H1 had placed the H2 in both support/resistance with the H4 ROMAR as resistance. All because of the Daily ROMAR being Support with the sequence. And this will continue until the Sequence is in order for a breakout."

This statement had clearly described in how the ROMAR works in a sequence for all charts. This means the Focus for the long is beginning with the H1 ROMAR support; and following through with the H4 to match the Daily ROMAR for the uptrend. The sequence began on the 22nd with the Hit on the H4 ROMAR. This is when the H1 had crossed EMA for the up. And through this processes ROMAR had continued sliding under EMA.

The H4 ROMAR had become resistance with the H4 Parabolic as support in a ranging mode. This also had created a Wedge for the ROMAR sequence in following through with all four charts in sequence with the Daily ROMAR uptrend.

Since I made this posting above traders still looking for the shorts on their trading plans. My thoughts were - "What is going on" - after I had stated: "And this will continue until the Sequence is in order for a breakout." This means all trades are long for the breakout.

Yesterday the H2 ROMAR crossed EMA going up. Today H4 ROMAR crossed EMA going up. We are now in sequence with the Daily ROMAR uptrend; and out of consolidation with ROMAR. With Sunday's opening we have the Daily 61.8 as resistance.
The Dove - Forex Trainer
  • #11,037
  • Aug 25, 2017 1:43pm Aug 25, 2017 1:43pm
Quoting dove_alliance
{quote} Wrong broker and you need to set up exactly as had been posted.
Thanks for your time.

H1
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-h1-gain-capital-group.png Size: 46 KB


H2
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-h2-gain-capital-group.png Size: 47 KB


D1
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-d1-gain-capital-group-2.png Size: 51 KB
Plan your trade and Trade your plan.
  • #11,038
  • Aug 25, 2017 1:53pm Aug 25, 2017 1:53pm
Quoting Opayq
{quote} Thanks for your time. H1 {image} H2 {image} D1 {image}
What is your screen resolution set at? If you can get 1600 X 900 then set it at that resolution and then post the H2
The Dove - Forex Trainer
  • #11,039
  • Aug 25, 2017 2:03pm Aug 25, 2017 2:03pm
Quoting dove_alliance
{quote} What is your screen resolution set at? If you can get 1600 X 900 then set it at that resolution and then post the H2
Once again much obliged you taking the time out to review my charts. Unfortunately I don't have access to 1600 X 900 , I just went through your previous posts on the same topic, I need to order new monitor with the exact resolution you have recommended. Have a great weekend everyone.

God bless us all.
Plan your trade and Trade your plan.
  • #11,040
  • Aug 25, 2017 2:42pm Aug 25, 2017 2:42pm
Very interesting with the sequence breakout. It just now created a double top on the H2. The Jackson Hole Summit had done a number with this up so we will see if the double top holds.

Everyone have a great and blessed weekend and God bless us all.
The Dove - Forex Trainer
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