The Paradox System

Evaluation: +40 pips. I believed it was good trade from the bottom in consolidation. With the GAP down I was also confident that the market would need to close it. I was just bit worried that H2 ROMAR was not too far from EMA for the crossing down but i thought that i should not anticipate what may or may not happen and only trade what is happening in the moment. The confluence of support on H4 was also overwhelming for a trade going long.
I am also very pleased to see that I took the exact same entry as Nikitafen, whose recent success, as well as Jakdan's, was a huge motivation for me posting my first plan.

It gets easier after the first time, for most including me, the first plan was always the toughest one to post.
Congratulations on a successful trade!

I took the same trade as Nikitafen and Papemomar.

Well done.

Shaun

Thanks for your kind words. I will try to stay consistent and keep posting then

and again.

Date: EURJPY 5-9-17 0800 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily: Open bar
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment 131.691
Fibo up or down Down
Notes: Up Trend. Purple crossed white. current bar before days end is at EMA Support & Support is also at 38.2Fibo
Adj: Open bar above EMA below Smooth with Purple at the crossing of Smooth
4 HR:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Notes: Consolidation. 40Pip to PSAR. 20Pip to ROMAR. Purple crossing White. 61.8Fibo is holding Support.
Adj: Open bar at EMA Resistance.

2 HR:
OPEN PRICE - 130.455
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Down
Last DB Attachment 130.055
Fibo up or down Up
Notes: Down Trend. BB Ranging with ROMAR through the middle & EMA in a Slider. 23Fibo has held Support.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Down
Last DB Attachment N/A on 1hr charts
Fibo up or down Up
Notes: Down Trend. 4 horses down with EMA now crossed Smooth. Open bar below Smooth. Purple touching White. BB Ranging with 60Pip between BB’s. ROMAR up top of BB and at the 50%Fibo. Both BB’s inside the Fibo. 23Fibo has held Support.
Market News. No Red News. Medium News at 2200hrs - USA.
Have i double checked all of the above Yes or No. If No stop & go do it.
Yes - rules for Ranging - BB. Breakout.
Final Notes: The H1 23Fibo = H2 23Fibo = H4 61.8Fibo and all is heavy Support and holding. H1 + H2 are Down Trends. H4 is Up trend with a turn possible for the up with the 61.8Fibo having been hit.

Planned Entry: Short on the breakout with H2 Purple x and below Smooth.
Adjustments: Daily open at EMA with Purple at the crossing of Smooth.
SAR attached at PSAR.
H4 open at EMA. Has come down to Smooth which is also 61.8Fibo Resistance with Purple crossed White. ROMAR has been touched.
H2 SAR attached at the closing of the bar. H2 ROMAR has been touched and as a rule must go back down. PSAR has flipped and prolonged slider with EMA under ROMAR. We are in the middle of Ranging with 50pip or so between top & bottom BB’s.
New lower Low made. Double diverg.

Rules for entry Long off Support - Counter trade H2 - Consolidation = trade both ways off S/R.
Support is located at Daily PSAR with SAR attached.
A new Lower low on the H2, with a SAR = Support.
Consolidation within Ranging scenario, off Support which is the lower BB with a DB/SAR hit. Never trade from the middle.
40 pip count between entry & H2 ROMAR
40 pip count between entry & Daily 23.6Fibo, & H4 EMA but not H4 61.8Fibo
Entry: Long at open bar after bar closed with DB/SAR hit of 130.009

Trading Plan : 17 : 00 EST

Daily :

ROMAR : Support
EMA : Support
PSAR : Support
Checklist :
Last MACD 0 crossing : UP
Last EMA Alert Arrow : UP
Last DB Attachment : Top with SAR at 131.691
Last SAR Attachment : Top with DB at 131.691
Fibonacci : Down
Notes : Uptrend. DB on top with Magenta Divergence and MACD UP. RED FIBO. Purple crossed white with an open bar at EMA support. 23.6 is still strong resistance
H4 :
ROMAR : Support
EMA : Resistance
PSAR : Resistance
Checklist :
Last DB Attachment : Bottom with SAR at 130.055
Last SAR Attachment : Bottom with DB at 130.055
Fibonacci down
Notes : 4 horsmen down but purple at white ready for crossing up. Market at 61.8 support 20 pips above ROMAR support.

H2 :
ROMAR : Resistance
EMA : Resistance
PSAR : Resistance
Checklist :
Last MACD 0 crossing : Up
Last EMA Alert Arrow : Down
Last DB Attachment : Bottom with SAR at 130.055
Last SAR Attachment : Bottom with DB at 130.055
Fibonacci : Green
Notes : 4 horsemen tight together above 23.6 support. EMA seems to be sliding under ROMAR. EMA is also at purple and PSAR for the parabolic flip up. Market opened below smooth.

H1 :
ROMAR : Resistance
EMA : Resistance
PSAR : Resistance
Checklist :
Fibonacci : Up
Notes : 4 horsemen down with green fibo. Market struggling to get below H1 23.6 FIBO

Final Notes :
Market struggling between levels of support and resistance on all charts. For now I do not see an entry either way. I will wait for the next daily open candle at 20:00 EST and make adjustments from there.

Adjustments 4:00 EST : Daily : SAR attached with the PSAR and MACD UP in Uptrend. / H4 DB/SAR attached with ROMAR support at 130.009 / H2 DB/SAR reattached below 0 FIBO at 130.009 / H1 hit on lower BB + reset below 0 FIBO.

ENTRY : Went long at 130.177. TP below 23.6 DAILY FIBO and H4 EMA.

[quote=OliveBranch;10258413]and again. Date: EURJPY 5-9-17 0800 Sydney Time CHECK NEWS RELEASE BEFORE TRADING Yes -.....

Evaluation: -SL08 Pip. Medium Market news interrupting trade run. Closed trade with 4 horses still down with ROMAR down on the H2 & The H1 has Purple crossing White open above Smooth = charts are not in sync. Counter trades are a risk unless entry is precise, which it was not precise & i feel also demonstrated as improper with 20+Pip in the hole after entry.

It is a rule to trade a demo while learning and you are trading a live account - So I wish you luck.

NEWS: Medium Impact USD 08:00
Monday Trading Plan 17:10

Daily:

ROMAR - Support
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top at 131.691
Last SAR Attachment - Topwith DB at 131.691
Fibonacci - Red

Notes: White has crossed Purple, market at EMA support. 23.6 is resistance and 38.2 support. Parabolic support and eliminated with the crossing. Smooth was not at crossing with Purple on the candle following White crossing Purple. Market imbalance with Purple.

H4:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last DB Attachment - Bottom at 130.055
Last SAR Attachment - Bottom with DB at 130.055
Fibonacci - Red

Notes: Consolidated downtrend for ROMAR support. White at the crossing of Purple with open candle between White and Smooth. ROMAR still support along with 61.8. 50.0 resistance along with EMA, and above that, the Parabolic.

H2:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom at 130.055
Last SAR Attachment - Bottom with DB at 130.055
Fibonacci - Green

Notes: ROMAR resistance along with EMA and the Parabolic. EMA sliding over Purple with White just under Purple. Purple, White and Smooth are up but ROMAR and EMA are still resistance. Everything is very tight in this consolidation. Last DB/SAR attachment is on bottom. Last EMA arrow down with MACD still up. 23.6 has been holding strong support for the last 6 candles.


H1:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last MA Alert Arrow - Down
Fibonacci - Green

Notes: ROMAR resistance about 20+ pips above market with EMA and Purple, White and Smooth all very tight as the market is in a heavy sideways consolidation. Bollinger Bands are very tight.

Final Notes: Market in consolidation, trapped between 23.6 and 38.2 on the Daily. Open below Purple, White and Smooth and at EMA support. Parabolic as heavy support below the candle. H4 is working for ROMAR support in crossing of EMA but White is at the crossing of Purple. H2 is tight with ROMAR and EMA battling it out. I don’t see a trade at the moment, going long places me at risk of DB attaching and ROMAR, EMA, and Parabolic are still resistance on H2 and of H4 EMA being a stopper. Going short places me at risk because of H4 ROMAR support and H2 0.0. Adjustments on the new daily candle.

20:00 Adjustments: New daily open right above EMA support. H4 open at EMA resistance with White having crossed Purple. 61.8 held support, 50.0 resistance. Parabolic eliminated. H2 now has SAR attached on top and Parabolic flip to support and locked in, 23.6 support, 38.2 resistance, MACD up. With Daily EMA support and H4 EMA resistance.

Entry: Entered long from the bottom of the Fibo at 130.089. Daily SAR attached at Parabolic support, confluence with 38.2 support, market got below H4 ROMAR support, H2 SAR re-attached with DB at the bottom and bumped the Fibo lower by 5 pips, along with a hit on H1 lower Bollinger Band for reference.

Rules:
SAR at Parabolic on daily for the up
DB/SAR on H2 attached at 0.0 Fibo, next attachment on top

Evaluation: SL hit. First of all, this was partly an emotional trade as I had somehow missed the blatant short entry on the 20:00 open candle, and felt as though I needed to get into a trade. On the other hand, the SAR attached at the Parabolic on daily along with 38.2 and I thought that would be a stopper, and I would be fine trading from the bottom of the Fibo. Another mistake was thinking that H4 ROMAR would hold, as H1 and H2 already had ROMAR as resistance and H4 is next in crossing. My biggest mistake was letting emotions get the best of me and after this happened, I was blind to the mistakes I was making.

On the upside, this scenario is burned into my mind and I have gained more experience trading the Paradox. That really was an easy short entry, don't know how I didn't recognize it, ROMAR resistance, EMA sliding over Purple, and SAR finally attached on the candle that closed just above ROMAR. One thing I have not seen yet is the H2 Parabolic flipping and locking in, and flipping back while the H1 stays where it was, so that was interesting.

Traders, trade i took today with an unhappy ending. went back to my old ways of trying to pick a bottom instead of following the rules. looking at the snapshot and trying to apply any rules is impossible for the long. it was a short all day...........

i was biased with the long hoping the market would be getting back in balance but it wasnt ready. (took me out to the pip and will probably reverse)

take it easy.

Really - long?????

What is the rule for ROMAR??????

The rule on ROMAR stated very clearly the market was going down. You also had the 4 Horsemen down on the H1 - H2 - and H4, Confluence all over the charts showing the short. And you guys pull the trigger for the long. But the one thing gave it all away was the Red Arrow follow by the MACD Arrow on the H2. Oh well - live and learn.

My first trading plan
I'm committed to learning and trading this plan - I love it.
Lost a few too many times on my demo account at first but am learning and recovering.
Haven't read all the thread but getting there.
Don't understand everything but making more winning trades than losing ones now.
Thank you everybody but especially Mr Dove.

Wednesday September 6, 1:45pm
Daily Romar support
EMA resistance
PSAR resistance
MACD down
Other notes purple has crossed white and smooth down, fibo red, todays candle opened 20 pips below the .50 fibo about half way between ROMAR and EMA lines

4HR ROMAR resistance
EMA resistance
PSAR resistance
Other notes: EMA crossed ROMAR down about yesterday
2HR ROMAR resistance
EMA resistance
PSAR resistance
MACD down
Other notes fibo green, four horsemen firmly down - I'd say only sell trades
1HR ROMAR resistance
EMA resistance
PSAR resistance
MACD up
Other notes purple has crossed white upwards and looking like crossing smooth . Fibo green - the 23.6 about 20 pips away.

Trade: Will take sell trade if market reaches close to the 23.6

Welcome trader and hopefully we can get you on the right track. The first thing you must do is learn in how to create a trading plan. I suggest in back tracking Nikitafen trading plans and duplicate his plans as they should be written. And study his plans in how he is seeing the "big picture". Without a proper trading plan you will have major problems. You must be able to see in the moment and applying the rules for your entry.

I hope this will help you in getting started.

Can please someone explain me better the romar rule ? I think we are in consolidation and i will have take the same long trade like others..thanks for help

Sure will.
Thank you.

Hello mate

Here's a hint for you - go back and see what happens when the market crosses ROMAR and also when EMA/ROMAR cross. Look at the 2hr, then also look at the 4hr.

The come back and let us know what you find.

Hope that helps.

Shaun

NEWS: High Impact USD 10:00
Tuesday Trading Plan 17:20

Daily:

ROMAR - Support
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top at 131.691
Last SAR Attachment - Bottom at 129.371
Fibonacci - Red

Notes: ROMAR support, EMA support. Parabolic eliminated support. SAR attachment on bottom past Parabolic. Market between 50.0 resistance and 61.8 support. Smooth crossing Purple. MACD crossing below 0 and locked in at open of new daily candle later. EMA arrow before MACD arrow.

H4:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last DB Attachment - Bottom at 129.371
Last SAR Attachment - Bottom with DB at 129.371
Fibonacci - Green

Notes: Fibo flip to green and ROMAR is at EMA crossing. Market below 4 horsemen which are aligned down. DB/SAR at 0.0 with both divergences.

H2:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom at 129.371
Last SAR Attachment - Bottom with DB at 129.371
Fibonacci - Green

Notes: H2 chart fully down with ROMAR, EMA, and the 4 horsemen. DB/SAR at 0.0 of green Fibo with both divergences attached several candles prior.

H1:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last MA Alert Arrow - Down
Fibonacci - Green

Notes: H1 chart is down. Open 17:00 candle above Smooth with White at the crossing of Purple. Green fibo. 23.6 resistance. MACD below 0 and increasing.

Final Notes: Market in consolidation. Huge move down on the daily candle. Imbalance for the third candle in a row. SAR attached on bottom below Parabolic and between 50.0 and 61.8 Fibo. EMA arrow before MACD so no major retracements in the future. Purple, White and Smooth turning down but still above EMA. H4 chart down with ROMAR at EMA crossing and H2 and H1 are both at the bottom of the Fibo indicating oversold market.

18:00 Adjustments: H2 open candle below Purple with 4 horsemen fully down as resistance.
20:00 Adjustments: Open daily between 50.0 and 38.2, White at Smooth crossing. Massive imbalance with Purple. Parabolic flipping to resistance but not locked in. MACD closed below 0 after EMA arrow. H4 ROMAR crossing EMA. DB/SAR and Fibo bump lower by several pips on all charts, H2 horsemen still down strong. H1 White and Purple sliding.


Entry: Long at 129.467. Daily SAR was attached on the bottom, and market is imbalanced for the 4th candle running. H2 was consolidating heavily at the bottom of the Fibo for 10+ hours and H1 MACD had crossed over 0. The downtrend had stopped and the Fibo had been bumped around 2 pips lower and everything was sideways. A long consolidation before the turn and I got in on the bottom.

Rules:

SAR attached and locked in on the bottom of the candle for the up
Market imbalanced with Purple

Evaluation: I have a nasty habit of occasionally going long at the bottom/short at the top of the Fibos, and losing because the trend is heavy and in the opposite direction of my trade, like my last posted trade. This trade I won, so 40 TP, and I did feel comfortable taking this trade because of all the factors I mentioned in my entry. The SAR was locked in and prior to the current candle, 3 had closed out of balance with Purple. I thought I recognized the heavy sideways consolidation at the bottom correctly, but if this is not the case let me know.

note: I guess I forgot to screenshot the trade because it’s nowhere on my computer, but here’s the “print” in order history.

[quote=Nikitafen;10263650]NEWS: High Impact USD 10:00 Tuesday Trading Plan 17:20 Daily: ROMAR - Support EMA - Support Psar - Support Checklist: Last MACD 0 Crossing - Up Last EMA Alert Arrow - Up Last DB Attachment - Top at 131.691 Last SAR Attachment - Bottom at 129.371 Fibonacci - Red Notes: ROMAR support, EMA support. Parabolic eliminated support. SAR attachment on bottom past Parabolic. Market between 50.0 resistance and 61.8 support. Smooth crossing Purple. MACD crossing below 0 and locked in at open of new daily candle later. EMA arrow before MACD arrow. H4: ROMAR - Support EMA - Resistance Psar - Resistance Checklist: Last DB Attachment - Bottom at 129.371 Last SAR Attachment - Bottom with DB at 129.371 Fibonacci - Green Notes: Fibo flip to green and ROMAR is at EMA crossing.

Good trade buddy, I was in the bar after you.

Hello Traders

I just thought I would do a post and highlight todays market activity, in case it helps anyone. When I did my plan last night before I went to bed, I noted a few important things:

1) On the 2hr the DB/SAR were both showing ie the SAR came from a different point from the DB - so the next connection is going to be a DB/SAR on the top.
2) On the 4hr the market had crossed ROMAR as has EMA - the Rule that Dana mentioned and I also mentioned after was that the market would return to ROMAR.
3) I also noted the rising MACD on the 2hr
4) On the Daily, Smooth/Purple had crossed, PSAR was flipping and also EMA/MACD arrows are in order for the down - but the SAR itself has attached on the Daily.

When I went to bed last night I knew exactly what trade I was going to take, and exactly where the market would go. And please do not think that statement is arrogance - it is far from it. Its simply knowing the scenarios and also the sequences of what occur with the Paradox System.

Here is a picture I took this morning:



Obviously, what that shows is the SAR attached, but it also shows the EMA/MACD arrows in the correct order for a deeper move north. This is also where I took my entry. I had 40 pips to 2hr ROMAR and about 35 to 4hr ROMAR.

What was going to happen next (and did happen) was the DB/SAR to connect higher, but unfortunately I was out and couldn't take the pic.

Anyway, I took another pic not long ago, which showed this:



That shows mid-candle the DB/SAR running separately, which with the market going higher again is now back to the DB/SAR.

The 4hr has remained with the SAR attachment, and its pretty deep into the pullback, so this could be interesting.

Here is the print:



So my point here is that I knew last night that I wouldn't be shorting on the SAR, which I am guessing some of you have done, but I was looking for the long.

Pretty amazing system, eh?

Hope that helps.

Shaun

As Shaun said - very good trade, Nicki - right off the bottom.

As some of you know we have a CAT 5 Hurricane heading for Florida and I will be busy until it passes by. I am sure a lot of areas in Florida will lose electric which means no Internet. Besides, I will be busy in helping those that are less fortunate. So all I ask for are prayers for us all in Florida.

Every take care and God bless us all.