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The Paradox System

  • #11,761
  • Nov 1, 2017 7:44am Nov 1, 2017 7:44am
Hello Traders

I thought I would just post a pic of my trading desk set up. When I came back to the UK I invested in some new kit: 8 x 24 inch acer monitors (which are excellent) and I had a new computer built by a company with a very good reputation in the UK, they are called Multiple Monitors. I don't know if that is allowed but I can highly recommend them.

So I have 8 screens (plus my laptop for making trades on).

So I can monitor 2 pairs on the 8 screens, but actually I have 2 profiles, which I flick back and forth looking for the best set up for when I am available.

Here is the picture:

Attached Image (click to enlarge)
Click to Enlarge Name: screens.jpg Size: 1.5 MB


I find it so much easier because I can see everything all at the same time and that really helps me process the information.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,762
  • Nov 1, 2017 8:02am Nov 1, 2017 8:02am
Quoting bsverma
good morning every body eur/jpy plan i/11/2017 usd news 5.45 p m 7.30 p.m 8.30 pm 11.30pm daily romar - support ema - resistance psar - resistance check list macd - down ema arrow - red down db/sar - at bootom 131.442 with green fibo fibo - green market open 38.2 green fibo b/b - extended note - daily consolidation romar support 4 horsemen resistance market just below ema smooth market at 38.2 fibo resistance 4 hr romar -resistance ema -support psar - support check list macd - up ema arrow - up green both macd and ema arrow up on same time it conflicte...
self evaluation -finally i stop 20 loss before usd news here i am wrong entry i should be patience to hit fibo and daily samooth ema hit and also broke the rule should not be trade in centre for short IF I WANT TO SHORT DUE TO ROMAR RESISTANCE
  • #11,763
  • Nov 1, 2017 8:09am Nov 1, 2017 8:09am
Quoting pedro7676
{quote} Evaluation : I closed this trade (ADP NFE), TP or SL was not hit. It was not a good trade, need to be more patient, entered prematurely.
your sl 40 might or migh not be hit. but what um tryin to say is we need to have the best entry in the paradox. 2 hr romar still down and the 4 hr romar. but entry short on the frankfurt session was not a good idea.
To reach that level of determination is a matter of the will.
  • #11,764
  • Nov 1, 2017 8:11am Nov 1, 2017 8:11am
Quoting shinny
Hello Traders I thought I would just post a pic of my trading desk set up. When I came back to the UK I invested in some new kit: 8 x 24 inch acer monitors (which are excellent) and I had a new computer built by a company with a very good reputation in the UK, they are called Multiple Monitors. I don't know if that is allowed but I can highly recommend them. So I have 8 screens (plus my laptop for making trades on). So I can monitor 2 pairs on the 8 screens, but actually I have 2 profiles, which I flick back and forth looking for the best set up...

very beautiful set up my friend.
To reach that level of determination is a matter of the will.
  • #11,765
  • Nov 1, 2017 8:32am Nov 1, 2017 8:32am
Quoting Lhd
Hi everyone, Day 1/11/2017 News: No red news until US session. Daily: ROMAR: Support EMA: Resistance Parabolic: Resistance Notes: Housemen head down to ROMAR support. DB down with Blue Divergence attach at 0.0 Fibo. Trend EMA arrow down. MACD zero cross arrow down. FIBO up. H4 ROMAR: Resistance EMA: Support Parabolic: Support Notes: Housemen up. DB attached at 132.555 top of candle, Fibo up H2 ROMAR: Resistance EMA: Support Parabolic: Support Notes: Horsemen up. DB / SAR with Divergence attach at 132.555 near ROMAR resistance. Trend EMA arrow up....

Self evaluation: A rough day at work so no trade for me today. When I made my trading plan I realized I missed the entry long at the open so I plan to sell on top fibo off daily EMA but have no access to charts until now.
Trust. Commitment. Love
  • #11,766
  • Nov 1, 2017 8:32am Nov 1, 2017 8:32am
Hello Traders

Here is my trade for today.

It is the EURUSD.

Here is the Daily:

Attached Image (click to enlarge)
Click to Enlarge Name: EU 011117 DAILY.jpg Size: 381 KB


You can see that the market is down with ROMAR, EMA and PSAR as Resistance. Market dropped and tagged the lower BB. Market didn't touch every BB so I was looking for the market to move sidewards to White/Smooth, which is what happened.

Here is the 2hr chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eu 011117 2hr.jpg Size: 399 KB


Entry is on the open of the bar with the white arrow at the top. I think you will agree the entry is self explanatory? I sold 5 pips below Daily Smooth, with 2hr PSAR and SAR as the entry. Only place that was going was south, absolutely no doubt about it.

Moving on to the EJ, its having a few S/R issues namely with 4hr ROMAR and 2hr ROMAR and EMA.

Here is the print:

Attached Image (click to enlarge)
Click to Enlarge Name: EU 011117 PRINT.jpg Size: 20 KB


Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,767
  • Nov 1, 2017 8:32am Nov 1, 2017 8:32am
Quoting TraderMarcos
{quote} your sl 40 might or migh not be hit. but what um tryin to say is we need to have the best entry in the paradox. 2 hr romar still down and the 4 hr romar. but entry short on the frankfurt session was not a good idea.
I understand Marcos, u r right, it was not good entry, that is what I try to improve - enter at the right moment. Funny is that 30 minutes after my entry I usually know if it was good or bad one. :-))
Hard work beats talent when talent fails to work hard. - KD
  • #11,768
  • Nov 1, 2017 8:34am Nov 1, 2017 8:34am
Quoting pedro7676
{quote} I understand Marcos, u r right, it was not good entry, that is what I try to improve - enter at the right moment. Funny is that 30 minutes after my entry I usually know if it was good or bad one. :-))
It takes practice and time, but you will get there if you stick at it.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,769
  • Nov 1, 2017 9:09am Nov 1, 2017 9:09am
Quoting shinny
Hello Traders Here is my trade for today. It is the EURUSD. Here is the Daily: {image} You can see that the market is down with ROMAR, EMA and PSAR as Resistance. Market dropped and tagged the lower BB. Market didn't touch every BB so I was looking for the market to move sidewards to White/Smooth, which is what happened. Here is the 2hr chart: {image} Entry is on the open of the bar with the white arrow at the top. I think you will agree the entry is self explanatory? I sold 5 pips below Daily Smooth, with 2hr PSAR and SAR as the entry. Only place...
Hello Shinny,
I want to ask - when I am looking at your H2, there is DB on top at 1,16603. It looks to me that the same point on Daily is High of previous candle.
I understand your entry at Smooth (D), SAR (H2). But on H2 there is support at fib 23,6 (which was broken). Did you know how much time it will take to break it or if there will be some bounce back, or etc .... I am asking about timing - right entry. I would probably enter one candle later than you - after previous candle was closed below Purple, I would go short off fib 23,6 which would be later and lower than you.

Pedro
Hard work beats talent when talent fails to work hard. - KD
  • #11,770
  • Nov 1, 2017 9:38am Nov 1, 2017 9:38am
Quoting pedro7676
{quote} Hello Shinny, I want to ask - when I am looking at your H2, there is DB on top at 1,16603. It looks to me that the same point on Daily is High of previous candle. I understand your entry at Smooth (D), SAR (H2). But on H2 there is support at fib 23,6 (which was broken). Did you know how much time it will take to break it or if there will be some bounce back, or etc .... I am asking about timing - right entry. I would probably enter one candle later than you - after previous candle was closed below Purple, I would go short off fib 23,6 which...
Hi Pedro

Selling under Purple would be the wrong entry, because the market is still in Consolidation (4hr Chart, which I didn't post, sorry). Remember that in Consolidation we sell from the top and buy from the bottom, and we don't use the MA's in the middle.

I'm not sure I understand the logic in sitting and watching a market drop 19 pips and then selling it?

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,771
  • Nov 1, 2017 10:02am Nov 1, 2017 10:02am
Quoting shinny
Hello Traders I thought I would just post a pic of my trading desk set up. When I came back to the UK I invested in some new kit: 8 x 24 inch acer monitors (which are excellent) and I had a new computer built by a company with a very good reputation in the UK, they are called Multiple Monitors. I don't know if that is allowed but I can highly recommend them. So I have 8 screens (plus my laptop for making trades on). So I can monitor 2 pairs on the 8 screens, but actually I have 2 profiles, which I flick back and forth looking for the best set up...
Very nice Shaun - That set up will last you many, many years of trading. I too would be proud of it. I have never used Acer Monitors but they look pretty sharp and clear.
The Dove - Forex Trainer
  • #11,772
  • Nov 1, 2017 11:09am Nov 1, 2017 11:09am
Let's take a look at the issues you traders had when you pulled the trigger:

To begin with trading long was at risk - trading short was even a bigger risk and here are the reason:

Going long you had the H4 ROMAR as resistance with the Daily EMA as resistance; and just above the opening you had ROMAR as resistance with the H2.

Going short you had the market up with EMA/Parabolic on all charts accept the Daily - with the DB on the bottom of ALL charts.

Seeing all this on your charts the question would be: What is the scenario for a trade without risk? Think about it and see if you come up with the right answer.
The Dove - Forex Trainer
  • #11,773
  • Nov 1, 2017 11:26am Nov 1, 2017 11:26am
One other thing traders - using the Economic Releases as a crutch in pulling out of your trades is bad news for you. Your mission is getting your 40 profit before the releases. If you see your 40 is not there before the releases then you shouldn't be trading.
The Dove - Forex Trainer
  • #11,774
  • Nov 1, 2017 11:32am Nov 1, 2017 11:32am
Quoting dove_alliance
Let's take a look at the issues you traders had when you pulled the trigger: To begin with trading long was at risk - trading short was even a bigger risk and here are the reason: Going long you had the H4 ROMAR as resistance with the Daily EMA as resistance; and just above the opening you had ROMAR as resistance with the H2. Going short you had the market up with EMA/Parabolic on all charts accept the Daily - with the DB on the bottom of ALL charts. Seeing all this on your charts the question would be: What is the scenario for a trade without risk?...
Hi Dove,
IMO the scenario for trading without risk is: Romar is resistance on H2, H4. Daily - resistance is EMA.
H2 - EMA arrow is already directed down so I would wait for MACD arrow turn down and PSAR flip for down and enter short.
Hard work beats talent when talent fails to work hard. - KD
  • #11,775
  • Nov 1, 2017 11:46am Nov 1, 2017 11:46am
Quoting dove_alliance
Let's take a look at the issues you traders had when you pulled the trigger: To begin with trading long was at risk - trading short was even a bigger risk and here are the reason: Going long you had the H4 ROMAR as resistance with the Daily EMA as resistance; and just above the opening you had ROMAR as resistance with the H2. Going short you had the market up with EMA/Parabolic on all charts accept the Daily - with the DB on the bottom of ALL charts. Seeing all this on your charts the question would be: What is the scenario for a trade without risk?...
thankyou very much sir
we waiting your comment sir when you give us direction where you wrong and what is your right path sir if news relealses than we should be wait after that we take entry and sir how can know this is may be hit our profit before news or this is not heat please give us direction
  • #11,776
  • Nov 1, 2017 11:52am Nov 1, 2017 11:52am
Long off SAR/PSAR as long as you have the 40 pip count.
Stop killing our Oceans, Stop using single use plastics.
  • #11,777
  • Nov 1, 2017 12:42pm Nov 1, 2017 12:42pm
The market is in consolidation, so I believe we would be looking for our entries using the DB and SAR. The secret weapons during consolidation.
  • #11,778
  • Nov 1, 2017 1:10pm Nov 1, 2017 1:10pm
Quoting pedro7676
{quote} Hi Dove, IMO the scenario for trading without risk is: Romar is resistance on H2, H4. Daily - resistance is EMA. H2 - EMA arrow is already directed down so I would wait for MACD arrow turn down and PSAR flip for down and enter short.
There was no trade going either way with a 40+ pip spread which means there was no trade period. Support and resistance was just to tight for a trade. This means you have to wait on the H2 Parabolic flip for a short; or an H2 EMA slider for the long. For the Short you have to be sure the Daily ROMAR will not stop you for 40; and for the Long you have to be sure the H4 ROMAR will not stop you for 40. And this being NFP week - you can't be pulling the trigger on just anything. In the moment you have the H2 ROMAR sliding over EMA with no Parabolic flip. So far there are no trades with the SAR on the bottom and the DB on top. Until there is a trade without risk you are stuck in no-man's land.

The major problem most of you are having is waiting 20 or 30 pips from the entry before pulling the trigger. And once you do it is too late. You have to see the actual entry for any trade. Hesitation will always kill a good trade.
The Dove - Forex Trainer
  • #11,779
  • Nov 1, 2017 1:34pm Nov 1, 2017 1:34pm
Quoting dove_alliance
Let's take a look at the issues you traders had when you pulled the trigger: To begin with trading long was at risk - trading short was even a bigger risk and here are the reason: Going long you had the H4 ROMAR as resistance with the Daily EMA as resistance; and just above the opening you had ROMAR as resistance with the H2. Going short you had the market up with EMA/Parabolic on all charts accept the Daily - with the DB on the bottom of ALL charts. Seeing all this on your charts the question would be: What is the scenario for a trade without risk?...
Wait until tomorrow after todays red news, then assuming purple crosses white on the daily candle, trade support off 2 hr support. I think there is a slider in the offing, but note that 4hr Romar is crossing purple, so breakout from Romar. If it wasn't for the news at this moment I'd be waiting for the 2 hour candle to close above its EMA. Then trade long off a retest of that IF the next 2 hr candle put purple above smooth.
'in less than half an hour he made over 100 ticks'
  • #11,780
  • Nov 1, 2017 3:53pm Nov 1, 2017 3:53pm
Quoting dove_alliance
Let's take a look at the issues you traders had when you pulled the trigger: To begin with trading long was at risk - trading short was even a bigger risk and here are the reason: Going long you had the H4 ROMAR as resistance with the Daily EMA as resistance; and just above the opening you had ROMAR as resistance with the H2. Going short you had the market up with EMA/Parabolic on all charts accept the Daily - with the DB on the bottom of ALL charts. Seeing all this on your charts the question would be: What is the scenario for a trade without risk?...
Going Long on the H2 lowest support either PSAR/EMA with plus +20pips before ROMAR
Daily has +20pips before retraces to EMA/Smooth resistance to breakeven
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