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  • #11,921
  • Nov 9, 2017 9:19am Nov 9, 2017 9:19am
I have mention it many times: If you do not have 40+ below Resistance or 40+ above support then never pull the trigger. And how many times I have said never trade from center? And now you know why - in consolidation you will always get burnt.
The Dove - Forex Trainer
  • #11,922
  • Nov 9, 2017 9:28am Nov 9, 2017 9:28am
Quoting linadze
EUR / JPY 09 Nov 2017 13:04 local / 07:04 EST NEWS,NEWS,NEWS!!!! 14:30 local / 9:30 EST USD Unemployment Claims DAILY CHART: ROMAR: Support Was breached yesterday and today, now above ROMAR EMA: Resistance Parabolic: Resistance 4 horsemen down Fib:Green UP Macd:Below Zero EMA Arrow: DOWN Macd Arrow DOWN SAR:On bottom pushing UP DB:On bottom pushing UP Bollinger:Not Hit Divergence:Light Blue with Goldlight blue NOTES: Today with PURPLE balance, PURPLE is resistance. Daily consolidation in DOWNTREND, market is going around ROMAR, 4 horsmen are pushing...
went short as per plan from ROMAR H2 resistance

TP above ROMAR daily
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  • #11,923
  • Nov 9, 2017 10:10am Nov 9, 2017 10:10am
Hello Everyone,
I have dedicated my time to study the Paradox for a month now. I still have a lot to study and a long journey ahead of me. I haven't posted my first trading plan yet, but I just wanted to say hello.

Quoting OliveBranch
Evaluation: Entry should have occurred (Short) at the open bar at the blue arrow or the hit of H2 ROMAR hit with Divergence and DB/SAR. Missed the entry as per Bonus discussed below. Adjustments needed to my plan or go home for the day. No Trade taken.
Hello Olive,
I had one question about the trade you mentioned you should have taken. Wouldn't that trade have been risky because the Daily DB & SAR was at the bottom, the label was green, and there was gold divergence. There was almost exactly 40 pips room before Daily ROMAR, but it seemed a bit risky to me. Would that still have been a correct entry?
  • #11,924
  • Nov 9, 2017 11:16am Nov 9, 2017 11:16am
Quoting shinny
{quote} Hello mate The GBP market is in consolidation, and what you will quite often find in Consolidation is that the PSAR will flip the opposite way to the way you are looking to trade. So I was looking for the short trade at Resistance with the DB/SAR, and the PSAR flipped for the Up on my entry bar. Yesterdays trade was also the same with the PSAR. I started trading the USDJPY then EURJPY as per the forum, but Dana lets me post the GBP which I trade almost exclusively as it gives a different slant to EURJPY. I hope that helps! Shaun
Traders - Shaun had explain this several times. And as I have explained many times; trading in consolidation is totally about from top to bottom and bottom to top, which is resistance to support and vice-versa. In consolidation the 4 horsemen is not the focus. Just as it was on Shaun's bread and butter trade. Very simple from resistance with ROMAR and the DB/SAR. And then to the bottom with the 23.6/SAR and heading back up from support.. It's not complicated but most of you do complicate it with off beat excuses.

Shaun and myself have been here going on 2 years teaching the Paradox. I don't know about Shaun; but for me, I am very tired of going over, and over, and over the same scenarios in how to trade, and then seeing the same mistakes over, and over, and over again. If you can't get out of your garbage pit, and learn, then maybe you should find something else to do.
The Dove - Forex Trainer
  • #11,925
  • Nov 9, 2017 12:04pm Nov 9, 2017 12:04pm
Quoting linadze
{quote} went short as per plan from ROMAR H2 resistance TP above ROMAR daily {image}
TP 40 pips exactly taken, it was quite exiting to watch last seconds touching TP.

Evaluation: traded by the plan, after pulling the trigger have noticed that all my resistance confluences have moved up and were not on ROMAR H2 as earlier. But H2 did well his job. Also once again PATIENCE won.

Attached last moment before TP hit.

Peace to all
linadze
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  • #11,926
  • Nov 9, 2017 12:35pm Nov 9, 2017 12:35pm
Quoting linadze
{quote} TP 40 pips exactly taken, it was quite exiting to watch last seconds touching TP. Evaluation: traded by the plan, after pulling the trigger have noticed that all my resistance confluences have moved up and were not on ROMAR H2 as earlier. But H2 did well his job. Also once again PATIENCE won. Attached last moment before TP hit. Peace to all linadze {image}
Yes - it is exciting when you pull the trigger into the right trade. I took the same trade but I waited for the next opening for the hit off ROMAR resistance. The confluence was on the H2 chart - ROMAR and the Parabolic. That was all you needed. Lets see how you do tomorrow.
The Dove - Forex Trainer
  • #11,927
  • Nov 9, 2017 1:34pm Nov 9, 2017 1:34pm
Quoting dove_alliance
{quote} Yes - it is exciting when you pull the trigger into the right trade. I took the same trade but I waited for the next opening for the hit off ROMAR resistance. The confluence was on the H2 chart - ROMAR and the Parabolic. That was all you needed. Lets see how you do tomorrow.
ok Dana. Will do my best
  • #11,928
  • Nov 9, 2017 1:42pm Nov 9, 2017 1:42pm
Quoting Therapsid
{quote} 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.
Thank you very much .kind regards
s
  • #11,929
  • Nov 9, 2017 3:12pm Nov 9, 2017 3:12pm
Quoting jakdan
{quote} ive read that post a thousand times and only now its made sense..... HaHa. Amazing how it clicks, Speachless again
Ha ha... same here!!! It seems no matter how many times I read, some insights of this amazing system do not come to light until the right time!!! For me, every time some deeper facts come to light!!!
  • #11,930
  • Nov 9, 2017 5:42pm Nov 9, 2017 5:42pm
[quote=wantpips;10477568]Hello Everyone, I have dedicated my time to study the Paradox for a month now. I still have a lot to study and a long journey ahead of me.

Hi wantpips, welcome.

Good question.

i believe you have been advised by the experts as per above and you already have THE answer to your question.

Keep reading though. Getting the knack of things will always be what you will be looking for. You'll notice a number of long term learners here have had breakthroughs in their learning with their posts in the last 24hrs....reading the same things many many times, but having had a mental block & past garbage being thrown out gradually or quickly & finally overcome their personal hurdle & finally knowing in one's heart.

BUT - So i cannot hide from answering you directly after being asked a direct question - i will say this - My trade that i missed, from what i see - is within the rules of Consolidation Scenario. Trade from Top to Bottom of S/R and vice versa.
My projected entry in my plan was written as - Short off H2 hit on ROMAR or perhaps H4 Parabolic hit on Parabolic with a SAR or maybe without SAR - depending on the moment. This will give room to Daily Support.
There was 40 pip to Daily ROMAR Support at the open H2 bar that i indicated & 50 pip to Daily ROMAR if one decides to take the entry from the actual H2 ROMAR hit with DB/SAR plus the Divergence attached rule also for Consolidation, on the bar before.
The plan should be followed through with. Instead i analysed. I failed to follow through.
This failure to follow through on my plan is a demonstration of sloppy trading at it's worst.
So.... thanks a lot for asking your question Wantpips ... because I have had to explain my utter & complete tardiness to the whole Paradox world. Thank you very much....i feel fully sick with embarrassment.
I'll now remember who you are too ....and i look forward to holding you to account someday !!
oh dear.........Where's the tissues so i can wipe away my tears of laughter....Revenge can wait !! ....oh deary me.....OK....now.... Your first post as well !!.... what was it i wanted to say...oh yes, here it is...yes, oh my goodness...I expect big things from you now Wantpips, big things indeed....ok...pull yourself together Oli....Ok....right...

Now..
The breakthough I have now had has resulted in increased understanding of the rules & the discarding of my garbage in this scenario is priceless.

Was there risk you ask? If i was worried about the risk I would not have said it was the trade I was looking for & even my plan called for it. It wasn't an adjustment. Everybody saw it. I wrote it. But i was doing something I am terrible at continually doing....& that is by distracting myself with "analysing" instead of just getting off my bike & just walk casually across the road at the zebra crossing without fear of being run down.
Worry is also an emotion that needs to be thrown away & has no place in my dedication and work of learning how to trade with skill.
Happy to be wrong and learn from it.
You get on your bike, there is risk. Minimising the risk of riding is what we try to do when we jump on. Every day, we are getting on the bike & when we are finally competent to trade live is to mean risk 2% of our hard earned cash, once a day, & banking on our skills as a trader to minimise the risk that we have committed ourselves to doing.

What we are doing here is learning how to wait for the correct set up that will give us TP40 pip. Patience is a gift.
We do well, by following the rules as they are set out for us. Deviate from the rules at your peril. So my advice is the same as Dove's etc & you set yourself up correctly and follow the rules whilst learning how to ride the bike. Deviation from the rules is a guaranteed set up for repeated failures - by deliberately breaking the rules (& doing it deliberately is just plain childish).
& you will fall off the bike accidentally - guaranteed also - as you learn. After accidentally falling off, just try to get back on and success will come slowly or quickly, depending on your willingness & dedication & practising & sticking with the balance (the rules).

There is also risk in posting plans and looking like a fool and being rebuked by the seniors. In which case i/we learn something extra.
& this is the way of things & is just as it should be.

Hope this helps. Looking forward to more of you around here as you progress.

Oli
If you make up your own rules then the story is sad.....
  • #11,931
  • Nov 9, 2017 5:55pm Nov 9, 2017 5:55pm
Hi Oli,
Well said, So you are human, just like the rest of us :-)

I remember this a s a guideline to life, may not be word for word but close enuf.

"a man who never made a mistake never achieved anything"
But I liked your story.
  • #11,932
  • Nov 9, 2017 6:13pm Nov 9, 2017 6:13pm
Quoting btrfx1
Hi Oli, Well said, So you are human, just like the rest of us :-) I remember this a s a guideline to life, may not be word for word but close enuf. "a man who never made a mistake never achieved anything" But I liked your story.
Yes, am human, except for all this hair maybe.
Thanks, hasn't been any jokes around for a while so thought i'd crack one. But also was required to answer the question from someone who wants pips & be honest about it all.
If you make up your own rules then the story is sad.....
  • #11,933
  • Edited 6:32pm Nov 9, 2017 6:17pm | Edited 6:32pm
Quoting SixSigma
Wednesday Trading Plan NEWS: US initial jobless claims 0830 Daily: ROMAR - Support EMA – resistance Parabolic - resistance Checklist: Last MACD 0 Crossing - down Last EMA Alert Arrow - down Fibonacci – green Notes: SAR/DB attached to bottom at 131.386 with skyblue swing and gold divergence. After hitting the 0.0 fibo, market retraced seemingly heading towards daily EMA, and eventually 100.0 fibo. H4: ROMAR – resistance (at 61.8 fibo) EMA - resistance Parabolic – support Checklist: Last DB Attachment – Bottom at 131.386 Last SAR Attachment – Top...
self eval: +2 pips out before news.

This trade was devastating for me, and I can't stop thinking about it. This entire day I've been thinking about it. We were not in a consolidated uptrend. We were in a consolidated downtrend. Obviously. H2 romer is/was resistance. H4 romer was resistance. H1 romer was resistance. That's mistake #1. The rest doesn't even matter.

I kept thinking that this downtrend was eventually going to consolidate upwards given the DB/SAR attaching at the bottom of the daily along with the daily fibo flipping green. And one day it might- but it wasn't in that moment. I kept thinking, well what would it look like on the H2 if/when the market transitioned to an uptrend- then saw purple crossing ema, with opening above ema for the up. That should have alerted me that I might have an opening relatively soon for the short. Bc fact is- H2 romer was still resistance. H2 romer dictates the main trend. Hopefully I learn from this.

I literally watched the DB attach to the top of the H2 candle. I saw the market hit romer resistance. I saw the SAR attach at the top of the H4 candle. And I thought, "oh good this will give me the retrace I need back down to go long." And this thought led to me looking for the long bc I had the wrong trend. Unreal.

The reason I didnt lose pips on this trade was because I went long from H2 parabolic support above the daily romer support. I had 40+ pips up to H2 romer resistance. But the entry was not good enough given that I only had 4 hours or so until the high impact news. This trade though shows how amazing the system is. I feel blessed to have the opportunity to be a part of this community. I'm looking forward to the next one.

-Dom

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  • #11,934
  • Nov 9, 2017 6:41pm Nov 9, 2017 6:41pm
Quoting SixSigma
{quote} self eval: +2 pips out before news. This trade was devastating for me, and I can't stop thinking about it. This entire day I've been thinking about it. We were not in a consolidated uptrend. We were in a consolidated downtrend. Obviously. H2 romer is/was resistance. H4 romer was resistance. H1 romer was resistance. That's mistake #1. The rest doesn't even matter. I kept thinking that this downtrend was eventually going to consolidate upwards given the DB/SAR attaching at the bottom of the daily along with the daily fibo flipping green. And...
I guess calling you Six Gun is out of the picture now. You thought about it all day and you still don't see it. When you pulled the trigger you had both the DB/SAR on top in consolidation and you was already 40+ pips in the hole when you went short. Roughly 10 pips later the SAR shut the door on you. Trading is from the top to the bottom and from bottom to the top in consolidation.
The Dove - Forex Trainer
  • #11,935
  • Nov 9, 2017 6:55pm Nov 9, 2017 6:55pm
Quoting dove_alliance
{quote} I guess calling you Six Gun is out of the picture now. You thought about it all day and you still don't see it. When you pulled the trigger you had both the DB/SAR on top in consolidation and you was already 40+ pips in the hole when you went short. Roughly 10 pips later the SAR shut the door on you. Trading is from the top to the bottom and from bottom to the top in consolidation.
Dear Dove,

Just to be clear I went long trying to trade from the bottom to the top. But still, definitely was a missed opportunity.

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  • #11,936
  • Nov 9, 2017 7:01pm Nov 9, 2017 7:01pm
Quoting OliveBranch
Hi wantpips, welcome. Good question. i believe you have been advised by the experts as per above and you already have THE answer to your question. Keep reading though. Getting the knack of things will always be what you will be looking for. You'll notice a number of long term learners here have had breakthroughs in their learning with their posts in the last 24hrs....reading the same things many many times, but having had a mental block & past garbage being thrown out gradually or quickly & finally overcome their personal hurdle & finally knowing...
Thank you for the reply Olive. I didn't mean to make you feel embarrassed. Now I feel scared to post my first trading plan.
Anyway, thank you again. I'll keep on studying.
  • #11,937
  • Nov 9, 2017 7:10pm Nov 9, 2017 7:10pm
Thursday Trading Plan

NEWS:
Michigan consumer sentiment index 1000

Daily:

ROMAR - Support
EMA – resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Fibonacci – green

Notes: SAR/DB is attached to bottom at 131.386 with skyblue swing and gold divergence. We are currently slightly under the 23.6 fibo. Four horsemen going down.

H4:

ROMAR – resistance
EMA - support
Parabolic – support

Checklist:
Last DB Attachment – Bottom at 131.386
Last SAR Attachment – Top at 132.250
Fibonacci – green

Notes: SAR/DB attached at bottom, SAR then broke off and connected at the top. Purple crossed EMA with four horsemen going up. EMA now support. Romer still resistance at around 132.40.


H2:
ROMAR - resistance
EMA - support
Parabolic – support

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Last DB Attachment – top at 132.25
Last SAR Attachment – top at 132.21
Fibonacci – green

Notes: DB/SAR attached at top at romer along with magenta swing. Market retraced to 23.6 fibo with SAR attaching at bottom. Market then came back up to romer, with SAR attaching. Four horsemen currently going up. Purple crossed EMA in last two bars with a flip of the parabolic. Bollinger bands at the 100.0 and 0.0 fibo. Upper Bollinger band is at the same level as the H4 romer resistance, and daily EMA resistance.

H1:

ROMAR - resistance
EMA - support
Parabolic – support

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Fibonacci – red

Notes: Four horsemen in uptrend with white/smooth/EMA in slider under purple. Purple appears set to cross romer.

Final Notes:
Market is in a consolidated downtrend with Romer as resistance in H2, H4, and H1. Can trade from top down, or bottom up. Will favor trading from the top down given the direction of the trend. Will look to the H2 SAR or DB to tell me when to go short. Market is approaching H2 romer. If it breaches H2 romer, next resistance would be 100.0 fibo, which is also the same level as the the upper Bollinger band, and H4 resistance. There is currently about 14 hours until the next high impact news. So if market ends up going down to near 23.6 fibo on the H2, I will consider going long especially if the SAR and/or DB attaches. Also need to keep in mind that H4 EMA is now support, so ideal short would be 40 pips above EMA.

Entry: See final notes. Currently do not have a good opportunity. However in the next couple bars we may have an opening for a short.

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  • #11,938
  • Nov 9, 2017 7:21pm Nov 9, 2017 7:21pm
Quoting SixSigma
{quote} Dear Dove, Just to be clear I went long trying to trade from the bottom to the top. But still, definitely was a missed opportunity. {image}
I'm sorry - excuses won't cut it. You still not seeing it. The bottom was with the SAR as support. What you are not seeing is the SAR had to connect on the low side. If you had waited on the SAR you would had made your trade. In other words you missed the connection and that is your fault for not seeing it.
The Dove - Forex Trainer
  • #11,939
  • Nov 9, 2017 7:45pm Nov 9, 2017 7:45pm
Quoting dove_alliance
{quote} I'm sorry - excuses won't cut it. You still not seeing it. The bottom was with the SAR as support. What you are not seeing is the SAR had to connect on the low side. If you had waited on the SAR you would had made your trade. In other words you missed the connection and that is your fault for not seeing it.
What I am trying to tell you is the market had already gone short 40+ pips from the top and you full the trigger going short AFTER the 40+. Now - where was support when you pulled the trigger going SHORT. Do you really believe the market will go another 40 from your entry before the SAR stops you in consolidation. I don' think so. All you had to do was wait on the SAR and go long. You was already too deep in the hole to go short. That is what you had missed.
The Dove - Forex Trainer
  • #11,940
  • Nov 9, 2017 8:05pm Nov 9, 2017 8:05pm
Quoting dove_alliance
{quote} What I am trying to tell you is the market had already gone short 40+ pips from the top and you full the trigger going short AFTER the 40+. Now - where was support when you pulled the trigger going SHORT. Do you really believe the market will go another 40 from your entry before the SAR stops you in consolidation. I don' think so. All you had to do was wait on the SAR and go long. You was already too deep in the hole to go short. That is what you had missed.
I know it isn't my business and I don't mean to intrude but to clarify SixSigma went long and not short from the Parabolic, think there is some misunderstanding here
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Thunderli