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The Paradox System

  • #11,341
  • Edited 9:04pm Oct 9, 2017 6:59pm | Edited 9:04pm
NEWS:
Current account n.s.a Jpy 1950
Building permits CAD 0830 and 0930
FOMC kashkari speech 1000


Monday Trading Plan

Daily:

ROMAR - Support
EMA - resistance
Parabolic - resistance

Checklist:

Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - Top at 134.392
Last SAR Attachment - Bottom at 131.737
Fibonacci - Red

Notes: Currently trading between the 23.6 (~132.80) and 38.2 (131.75) fibonacci. Purple cross smooth keeping PSAR as resistance. Four horsemen in downtrend. MACD negative. Lower Bollinger in trading zone. SAR attached to 38.2 fibonacci- market tested and did not pass as was strong support. EMA resistance currently at 132.47.

H4:

ROMAR - resistance
EMA - support
Parabolic - resistance

Checklist:
Last DB Attachment – Bottom at 131.829
Last SAR Attachment – Bottom at 131.849
Fibonacci - Green

Notes: Recently market created the 0.0 fibo at 131.829, which caused DB and SAR to attach. This also corresponds closely to 23.6 fibo on daily chart. Market bounced to 132.75, with SAR attaching. This corresponds closely to daily 23.6 fibo. Market then retraced back down close to 0.0 fibo at 131.849, with SAR attaching, and has bounced up again. Four horsemen in uptrend with purple recently crossing EMA, causing EMA to become support. Romer currently at 132.42. Market near 38.2 fibo, with 50.0 fibo at 132.47 and 23.6 fibo at 132.12. Upper bollinger band in trading zone.


H2:
ROMAR - Resistance
EMA - Support
Parabolic - Support

Checklist:

Last MACD 0 Crossing - up
Last EMA Alert Arrow - down
Last DB Attachment - top at 132.48
Last SAR Attachment – out of window
Fibonacci - Green

Notes:
Market in consolidation recently creating 100.0 fibo at 132.82 with DB attaching, then down to 0.0 at 131.829 (w db), then up close to 100.0, then back down close to 0.0, and most recently back up hitting slightly past the 61.8 fibo (132.45) with divergence attaching at 132.48. Four horsemen currently in an uptrend with white in a slider under purple, approaching ROMER resistance (at 132.36). MACD up with Bollinger bands flat in trading zone at 132.57 and 131.88.


H1:

ROMAR - support
EMA - support
Parabolic - resistance

Checklist:

Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Fibonacci - green

Notes:
Earlier DB attached to top slightly past 61.8 fibo at upper Bollinger band. Purple cross smooth with likely soon flip of Parabolic. Market currently in-between romer and EMA support, also in between MA5 and MA20. Bollinger bands flat in trading zone at 132.52 and 131.95. EMA most recent arrow red, with recent white MACD arrow attaching.

Final Notes: Market in consolidation so can trade in either direction. Major areas of resistance at 132.80 (D1- 23.6), (H4- 23.6/SAR), (H2 100 fibo). More closer resistance at 132.48 (H4 50.0/Romer), (H2 61.8/divergence/db), and H1 upper Bollinger band. Support at ~131.8 (D1- 38.2), (H4- 0.0 fibo), (H2 0.0/DB/lower bollinger band. Seemingly in the middle of the trading zone.

Entry: Will look to short near next confluence of resistance at ~132.48 as it is in line with 2 hour romer, and more than 40 pips to major area of support. Theres a couple high impact CAD news in 12 hours, and FOMC member speech around that time as well. If I am able to get in a short by then I will exit at least 5 minutes before the news per the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-9.JPG Size: 247 KB



Edit: New candle just opened on 2hr above mentioned confluence of resistance. DB, SAR and divergences attached to top of prior candle. Entered short at 132.65.
  • #11,342
  • Oct 9, 2017 10:39pm Oct 9, 2017 10:39pm
Quoting SixSigma
NEWS: Current account n.s.a Jpy 1950 Building permits CAD 0830 and 0930 FOMC kashkari speech 1000 Monday Trading Plan Daily: ROMAR - Support EMA - resistance Parabolic - resistance Checklist: Last MACD 0 Crossing - down Last EMA Alert Arrow - down Last DB Attachment - Top at 134.392 Last SAR Attachment - Bottom at 131.737 Fibonacci - Red Notes: Currently trading between the 23.6 (~132.80) and 38.2 (131.75) fibonacci. Purple cross smooth keeping PSAR as resistance. Four horsemen in downtrend. MACD negative. Lower Bollinger in trading zone. SAR attached...
Post your entry H2 chart trader.
The Dove - Forex Trainer
  • #11,343
  • Oct 9, 2017 11:02pm Oct 9, 2017 11:02pm
Quoting dove_alliance
{quote} Post your entry H2 chart trader.
I attached the chart that indicates where my entry was: short at 132.65 shortly after the candle opening.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-9 opening.JPG Size: 317 KB


It would be ideal to actually be able to place these trades in the paradox chart using the broker forex dot com, but they only allow me to use their demo for one month. So I'm using their real account (without any money deposited) as a workaround so that I can run the paradox. I'm entering the trades on my phone using my demo account with icm@rkets. I can have an unlimited demo with them.

I wanted to post my trading plan before my trade, and post my entry right when I entered so you could at least know that, right or wrong, at least it is real.
  • #11,344
  • Oct 9, 2017 11:18pm Oct 9, 2017 11:18pm
traders here is my entry from yesterday, i need to change my sleeping habits during this ranging my entries are far to late or to early (story of my paradox journey)
although against ROMAR all indicators showing going long with a TP at a new LH I gave it a go.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 73 KB
Stop killing our Oceans, Stop using single use plastics.
  • #11,345
  • Oct 9, 2017 11:25pm Oct 9, 2017 11:25pm
Quoting SixSigma
{quote} I attached the chart that indicates where my entry was: short at 132.65 shortly after the candle opening. {image} It would be ideal to actually be able to place these trades in the paradox chart using the broker forex dot com, but they only allow me to use their demo for one month. So I'm using their real account (without any money deposited) as a workaround so that I can run the paradox. I'm entering the trades on my phone using my demo account with icm@rkets. I can have an unlimited demo with them. I wanted to post my trading plan before...
All you have to do is apply for another demo and they will give it to you. Major problem with your chart with the wrong bar spread giving you a wrong fibo and the wrong SAR. Plus you need to show the entry on the H2 chart with the trigger being pulled and shown.
The Dove - Forex Trainer
  • #11,346
  • Oct 9, 2017 11:31pm Oct 9, 2017 11:31pm
Quoting jakdan
traders here is my entry from yesterday, i need to change my sleeping habits during this ranging my entries are far to late or to early (story of my paradox journey) although against ROMAR all indicators showing going long with a TP at a new LH I gave it a go. {image}
Very good trade Jakdan; in line with the DB/SAR.
The Dove - Forex Trainer
  • #11,347
  • Oct 9, 2017 11:33pm Oct 9, 2017 11:33pm
Quoting pedro7676
Date: 9.10.17 2.30 CEST Daily: ROMAR - Support EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - DB attached on top Fibo up or down - Fibo is up from the bottom Notes: PSAR flipped down, price hit Purple . 4 HR: ROMAR - Resistance EMA – Resistance PSAR - Resistance Notes: Price hit PSAR. 2 HR: ROMAR - Resistance EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Down Last DB Attachment - DB attached on bottom Fibo up or down - Fibo...
Evaluation : SL was hit. I entered short off Smooth with ROMAR as resistance, PSAR was already flipped for down (H2). I wanted to trade with PSAR downtrend, but I did not realize that market was still ranging. Last DB attachment (H2) was on bottom so next one on top and I lost the trade.
Hard work beats talent when talent fails to work hard. - KD
  • #11,348
  • Oct 9, 2017 11:47pm Oct 9, 2017 11:47pm
Quoting pedro7676
{quote} Evaluation : SL was hit. I entered short off Smooth with ROMAR as resistance, PSAR was already flipped for down (H2). I wanted to trade with PSAR downtrend, but I did not realize that market was still ranging. Last DB attachment (H2) was on bottom so next one on top and I lost the trade.
Pedro - you cannot trade a trend while in a consolidated ranging mode. There are rules for trend and there are rules for consolidation and neither one of those rules are the same for the either. I believe you need to study some more.
The Dove - Forex Trainer
  • #11,349
  • Oct 9, 2017 11:50pm Oct 9, 2017 11:50pm
Quoting dove_alliance
{quote} All you have to do is apply for another demo and they will give it to you. Major problem with your chart with the wrong bar spread giving you a wrong fibo and the wrong SAR. Plus you need to show the entry on the H2 chart with the trigger being pulled and shown.
Ok perfect I didn't think they would give me another demo after using the first month. I'll use that from now on, and will be able to show the entry properly. I'll also adjust the resolution to 1600x900. It's at 1920x1080 right now.

Thanks so much for the feedback.
  • #11,350
  • Edited 10:16am Oct 10, 2017 3:47am | Edited 10:16am
daily plan eur/jpy
DAILY
ROMAR SUPPORT
EMA RESISTANCE
PSAR RESISTANCE
CHECK LIST
0 MACD DOWN
EMA RED DOWN
DB/SAR LAST SAR ATTECHED AT LOW 131.737
FIBO RED
NOTE
4 HORSMAN DOWN SWING ROMAR SUPPORT DAILY CONSOLIDATION

4 HRS

ROMAR RESISTANCE
EMA SUPPORT SLIDING UNDER PURPLE
PSAR SUPPORT
CHECK LIST
LAST 0 MACD UP
EMA GREEN UP
DB/SAR LAST SAR ATTECHED 131.849 LOW JUST ABOVE 0 GREEN FIBO THIS TIME SAR ATTECHED 132.698 BUT CANDLE NOT COMLETE
FIBO GREEN

2 HRS

ROMAR RESISTANCE
EMA SUPPORT
PSAR SUPPORT
CHECK LIST
LAST 0 MACD UP
EMA GREEN ARROW UP
BD/SAR BD AT 131.849 0 GREN FIBO AT THIS TIME BD SAR BOTH 132.698 JUST DOWN 100 GREEN FIBO WITH BOTH DIVERGENCE GREEN AND MEGENTA
B/B UPPER BAND ARE FLATE AS A RULE IN CONSOLITION BAND ALSO RESISTANCE WHEN CANDLE AGAIN TOUCH TO UPPER BAND

1 HRS
ROMAR SUPPORT
EMA SUPPORT
PSAR SUPPORT
CHECK LIST
MACD UP
EMA ARROW GREEN UP
NOTE DAILY CONSOLIDATION 4 HR CONSOLIDATION WITH SAR 2 HR ROMAR RESISTANCE DB AT HIGH AT 132.698 SO I WILL GO SHORT HERE BEACAUSE RANGING
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 51 KB

evaluation 40 +profit
  • #11,351
  • Oct 10, 2017 3:51am Oct 10, 2017 3:51am
Date: 10.10.17 10.00 CEST

Daily:
ROMAR - Support
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is up from the bottom
Notes: SAR attached on bottom .

4 HR:
ROMAR - Resistance
EMA – Support
PSAR - Support
Notes: Price hit smooth as supp.

2 HR:
ROMAR - Support
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is down
Notes: The 4 horsemen are in an uptrend, Romar crossed EMA for up, SAR was attached at PSAR, price hit ROMAR as supp.

1 HR:
ROMAR - Support
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Notes: Price hit Romar as support.

Final Notes for all charts: H2 - Romar is Support, The 4 horsemen are in an uptrend, price hit Romar/EMA. Daily - Romar is Support, H4 – price hit smooth as support, H1- price hit Romar as support.

Entry:
went long off Romar/EMA - H2


Rules : H2 - Romar crossed EMA for up and now is support, The 4 horsemen are in an uptrend, SAR was attached at PSAR. H1 – price hit Romar as support. Daily - Romar is Support.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 253 KB
Hard work beats talent when talent fails to work hard. - KD
  • #11,352
  • Oct 10, 2017 3:53am Oct 10, 2017 3:53am

Trading Plan : 10:00 CET


Daily : Consolidation
ROMAR : Support
EMA : Resistance
PSAR : Resistance
Notes : BB flat. Romar out trading area. SAR at the bottom. Purple at White. Opened at Smooth.

H4 : Consolidation
ROMAR : Resistance
EMA : Support
PSAR : Support
Notes : 4 horsemen up. SAR on top. Open above ROMAR. Green FIBO.

H2 : Uptrend
ROMAR : Support
EMA : Support
PSAR : Support
Notes : 4 Horsemen UP. EMA at Romar crossing for the up. DB/SAR on top. Hit on upper BB. Green FIBO. MACD UP. Open bar below Smooth support.

H1 : Uptrend
ROMAR : Support
EMA : Support
PSAR : Support
Notes : Purple crossed white with open candle below ema support.


Final Notes : Entered long off H2 smooth support with 40 pips to daily PSAR.

Took screenshot at 10:45 CET when i arrived at work. SAR has now attached.
Attached Image (click to enlarge)
Click to Enlarge Name: De.png Size: 72 KB
  • #11,353
  • Oct 10, 2017 4:51am Oct 10, 2017 4:51am
Quoting dove_alliance
The coral is not for the H1 chart but is used on the H2. I believe with it on the H1 is causing the problem.
hello Dana and traders

am a silent follower of this thread, please clarify where the Coral arrow belongs, am quoting from Post 21.
my warm kind regards
Love and light
Sanna
  • #11,354
  • Oct 10, 2017 4:52am Oct 10, 2017 4:52am
Quoting sanna
{quote} hello Dana and traders am a silent follower of this thread, please clarify where the Coral arrow belongs, am quoting from Post 21. my warm kind regards Love and light Sanna
sorry i did not attach the post

When the Market is crossing the MA lines the sound will alert you with a small Coral Arrow. As for the MA alert it is set up on the 1 hour chart only, The MA are identical on both the 1 and 2 hour charts.

There is no repainting on these Arrows. Once they are there they are there.

There are only 3 alerts with EMA, MA, and the MACD zero.

The 1 hour has all three; the 2 hour and Daily has only EMA and the MACD.
  • #11,355
  • Oct 10, 2017 7:30am Oct 10, 2017 7:30am
Quoting SixSigma
NEWS: Current account n.s.a Jpy 1950 Building permits CAD 0830 and 0930 FOMC kashkari speech 1000 Monday Trading Plan Daily: ROMAR - Support EMA - resistance Parabolic - resistance Checklist: Last MACD 0 Crossing - down Last EMA Alert Arrow - down Last DB Attachment - Top at 134.392 Last SAR Attachment - Bottom at 131.737 Fibonacci - Red Notes: Currently trading between the 23.6 (~132.80) and 38.2 (131.75) fibonacci. Purple cross smooth keeping PSAR as resistance. Four horsemen in downtrend. MACD negative. Lower Bollinger in trading zone. SAR attached...
Just exited at 132.49 due to high impact CAD news coming out at 0830. +16 pips. Not sure what will happen to price with news release, but rules are rules. I was also a little worried to see EMA cross romer during the trade indicating a reverse of romer from resistance to support.
  • #11,356
  • Oct 10, 2017 7:39am Oct 10, 2017 7:39am
Quoting SixSigma
{quote} Just exited at 132.49 due to high impact CAD news coming out at 0830. +16 pips. Not sure what will happen to price with news release, but rules are rules. I was also a little worried to see EMA cross romer during the trade indicating a reverse of romer from resistance to support.
The rule for economic news releases is with the currencies USD, EUR, and the JPY and no others with the E/J..
The Dove - Forex Trainer
  • #11,357
  • Oct 10, 2017 10:40am Oct 10, 2017 10:40am
Quoting dove_alliance
{quote} The rule for economic news releases is with the currencies USD, EUR, and the JPY and no others with the E/J..
Thanks so much for the feedback. One more question if I may, how about FOMC member speeches? They're not technically economic news releases, but generally listed as high impact on economic calendars.
  • #11,358
  • Edited 10:59am Oct 10, 2017 10:48am | Edited 10:59am
Quoting sanna
{quote} hello Dana and traders am a silent follower of this thread, please clarify where the Coral arrow belongs, am quoting from Post 21. my warm kind regards Love and light Sanna
Sanna, In my case Dana suggested I remove Corel from all charts (#8937), which I've done. I don't miss it! As you're reading through the thread you'll notice there is little to no discussion regarding the Corel. If I were you I would not be overly concerned about it. Good luck.
  • #11,359
  • Oct 10, 2017 11:22am Oct 10, 2017 11:22am
Quoting SixSigma
{quote} Thanks so much for the feedback. One more question if I may, how about FOMC member speeches? They're not technically economic news releases, but generally listed as high impact on economic calendars.
Any Red High Impact Label with currencies stamped with USD, EUR, JPY, should never be traded. You pull out of your trade 5 minutes before the release. 95% of the time the announcement will not affect the trend. BUT - it is that 5% that can and will take you out of your trade in a lost with a spike. This also includes any speaker that has a Red Label. Your goal is to never lose one dime of your money; which means always eliminate any risk in losing your money. This is called money management. Just keep in mind trading is not a game but a career for the rest of your life..

I hope this helps you.
The Dove - Forex Trainer
  • #11,360
  • Oct 10, 2017 11:41am Oct 10, 2017 11:41am
Quoting dove_alliance
{quote} Any Red High Impact Label with currencies stamped with USD, EUR, JPY, should never be traded. You pull out of your trade 5 minutes before the release. 95% of the time the announcement will not affect the trend. BUT - it is that 5% that can and will take you out of your trade in a lost with a spike. This also includes any speaker that has a Red Label. Your goal is to never lose one dime of your money; which means always eliminate any risk in losing your money. This is called money management. Just keep in mind trading is not a game but a...
It does. Thank you so much.
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