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The Paradox System

  • #12,221
  • Nov 20, 2017 10:36pm Nov 20, 2017 10:36pm
Quoting zwellym
DAILY PLAN Date: 21/11/2017 News Impact local time GMT+2: High: None Medium: 17:00 Low: 6:30am Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing : The crossing is Down Last EMA Alert Arrow : Red arrow is Down Last DB Attachment: DB attached at Bottom 131.15 (next attachment must be on top) Fibo up or down:Fibo is Green Up from bottom Notes:4 horsemen in downtrend, Romar is support 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: The crossing is Up Last EMA Alert...
sorry mate, but as i know, they will comment on our trade only when we finish the trade and make self evaluation.
but i might be wrong too. eheheh

Febri
I Will Never Give Up
  • #12,222
  • Nov 20, 2017 10:42pm Nov 20, 2017 10:42pm
Quoting learn2fly
{quote} sorry mate, but as i know, they will comment on our trade only when we finish the trade and make self evaluation. but i might be wrong too. eheheh Febri
Thanks Febri
  • #12,223
  • Nov 21, 2017 12:26am Nov 21, 2017 12:26am
That consolidation market haha, 11 candles of 2hrs (right now before i go to sleep haha)
  • #12,224
  • Nov 21, 2017 2:59am Nov 21, 2017 2:59am
entry short at 132.242
Well, I caught the spike at London open which was atop the tight consolidation. Red EMA arrow had been flashing. 70 pips to H4 PSAR support. As Daily ROMAR is flat/Ranging, center of mkt, I'm not overly concerned about it acting as support

Rules:
in consolidation enter at extremes (near H1 BB)
in sync with Daily trend (also H1, H2 & H4 ROMAR trend)

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  • #12,225
  • Nov 21, 2017 5:07am Nov 21, 2017 5:07am
PLAN 21/11/2018 -LONDON

NEWS: non

Daily
Romar: Support
EMA: Resistance
PSAR: Resistance ,
DBSAR:down at 131.155
fibo: green
MACD: Up
EMA Arrow: Down
Notes: Consolidation -ROMAR/EMA . Purple crossed white and smooth pointing down.

H4
Romar: Resistance
EMA:Resistance/support
PSAR: support
fibo: Green
Notes: 4 Horsemen UP . DB attached out side lower BB at 131.15 , SAR at 132.454

H2
Romar: Resistance
EMA: Resistance
PSAR: Support (eliminated)
DB : bottom at 131.15 SAR TOP at 132.45
fibo: Green
MACD: UP
EMA Arrow Down
Notes: Price moved at a 25 pips range for 18 hours.and Last candle was a small breakout down and back.... The "failed" breakout candle has Golden diversion attached at bottom.

H1
Romar: Resistance
EMA: Resistance
PSAR: Resistance
fibo: Red
MACD: Down
EMA Arrow:down
Notes: Lower BB hit last candle and price jumped back. 4 horsemen slightly pointing down

Final notes:ROMAR is resistance and 20-45 pips away on 1H-2Hand 4H so I do not consider a buy.

Entry:I will look for an entry short when 2H PSAR will flip and will sinc with the 1H PSAR.
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  • #12,226
  • Nov 21, 2017 5:22am Nov 21, 2017 5:22am
UPDATE : PSAR just flipped but I will wait for the candle to close before I enter...
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  • #12,227
  • Nov 21, 2017 5:37am Nov 21, 2017 5:37am
GOOD AFTERNOON SIR

NO MAJOR NEWS BEFORE 7.30 PM

EUR/JPY

DAILY

ROMAR -support

EMA - resistance

PSAR - resistance

checklist

macd - down

ema arrow - down

db/sar -db/sar atteched at bottom

fibo - green

b/b - flat

NOTE - daily consolidation romar support ema psar resistance market below romar

4HR

ROMAR - resistance

EMA - resistance

PSAR - support

CHECK LIST

macd -up

ema arrow - red down

db/sar -db at bottom candle sar atteched top at132.454

fibo - green fibo

b/b - consolidation upper band below 100 fibo

NOTE - 4hr consolidation market romar resistance ema psar support last sar atteched at top 132.454 ema slide over purple

2 HR

ROMAR - resistance

EMA -resistance

PSAR - resistance but not conform untill candle closed

check list

macd - up

ema arrow - red down

db/sar - db/sar both are attached at bottom sar atteched at top 132.554 gold divergence attached closed candle

fibo - green

b/b - band flat here support lower band

NOTE - 2 hr down trend market gold divergence attached close candle

1 HR

ROMAR - resistance

EMA - resistance

PSAR - resistance

check list

macd -down

ema arrow - red arrow down

fibo - green up

b/b - flat band

NOTE - 1 hr down trande market band flat

FINAL NOTE CONSOLIDATION MARKET DAILY ROMAR SUPPORT EMA PSAER RESISTANCE MARKET TOUCH TO PURPLE BUT FEW PIP FAR THAN GO TO DOWN FOR SUPPORT WHICH ROMA CROSSED 4 HR CONSOLIDATION ROMAR EMA RESISTANCE EMA SLIDE UNDER PURPLE 2 HR DOWN TREND MARKET 1 HR DOWN TREND MARKET HERE I WILL GO SHORT BUT MARKET MAY BE TOUCH TO PURPLE DUE TO GOLD DIVERGENCE BUT MY ENTRY AS A RULE SHOULD BE OPEN CANDLE
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  • #12,228
  • Nov 21, 2017 6:20am Nov 21, 2017 6:20am
Entry SHORT .
rules :
Basic rules:
Do not trade against the trend.
Do not chase the market but let the market come to you.
The 2 hour chart is your trend chart for the system.

Rules for consolidation:
The 2 hour is your trading/trend chart.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation (in this case I did....)
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  • #12,229
  • Nov 21, 2017 7:22am Nov 21, 2017 7:22am
Took +40 from the market

Self-evaluation: I followed my trading plan, followed the rules, and it played out as planned. I had to get up in the middle of the night to check my computer every two hours to time my entry properly...but very happy indeed to see the power of the paradox in play.
(BTW: I had a couple of very obvious typos in my trading plan...forgive me...not used to posting these things yet).
-Mark
  • #12,230
  • Nov 21, 2017 9:06am Nov 21, 2017 9:06am
Quoting HappyFaces
Date:22 November 2017 00:00 Broker TIME 11:30pm Yellow News JPY 10am USD Orange News. Daily ROMAR:Support EMA:Resistance PSAR:Resistance Check List Last MACD 0 Crossingown Last EMA Alert Arrowown Last DB/SAR AttachmentB/SAR Bottom at 131.155 Fibo Up or Down:Fibo is Green Up Notes: Daily Chart 4 horsemen for the Downtrend with Parabolic Resistance. We are near ROMAR and last DB/SAR is bellow of ROMAR. ******************************* 4 Hour Chart ROMAR:Resistance EMA:Resistance PSAR:Resistance Check List Last DB/SAR AttachmentB...

TP +40 i dont know if was a early trade or was a good trade. I know the price was going to try to touch purple on daily and then going down. But my SL 40 was above of Purple and Fibo resistance, so at all my target was hit. HappyFaces
  • #12,231
  • Nov 21, 2017 11:43am Nov 21, 2017 11:43am
OK traders - I am on lunch break and I will make this post to show you in how to use the H1:

Trading Plan 17:00 EST.

H1 Notes: The H1 Fibo is down with the Parabolic moving towards EMA for the flip. EMA in a slider as support with ROMAR as resistance. The 23.6 holding resistance with the market below the 23.6.

H2 Notes: The H2 Fibo is up with White at the crossing of Purple. EMA in a slider as support. The Parabolic is support with ROMAR as resistance. The 50% of the H2 is holding resistance going side ways.

H4 Notes: The H4 Fibo is up and the 38.2 holding resistance. ROMAR as resistance and EMA in a slider as resistance with the Parabolic as resistance just above EMA.

Daily notes: The Daily with the new opening showing EMA crossed purple for resistance with ROMAR holding support.

This is exactly what should be showing on your trading plan. All you want to know is where support and resistance is located on all your charts. And with this scenario you are in a very heavy consolidation.

Final notes should look something like this within this scenario:

The H1 has the power for the down with ROMAR and the Parabolic as resistance with no support. H2 Fibo is also holding resistance at the 50% with the Parabolic support being eliminated for power. The H4 EMA as resistance in a slider with the Parabolic as resistance. The Daily EMA is now resistance. The H1 23.6% Fibo; The H2 50%; and the H4 38.2% Fibo are all in confluence for the short off resistance.

Entry: Short off confluence.

Traders - this is how you create a trading plan. As I have said many, many times. Your trading plan has everything to do with support and resistance.

I hope this helps someone.
The Dove - Forex Trainer
  • #12,232
  • Nov 21, 2017 11:47am Nov 21, 2017 11:47am
Quoting dove_alliance
OK traders - I am on lunch break and I will make this post to show you in how to use the H1: Trading Plan 17:00 EST. H1 Notes: The H1 Fibo is down with the Parabolic moving towards EMA for the flip. EMA in a slider as support with ROMAR as resistance. The 23.6 holding resistance with the market below the 23.6. H2 Notes: The H2 Fibo is up with White at the crossing of Purple. EMA in a slider as support. The Parabolic is support with ROMAR as resistance. The 50% of the H2 is holding resistance going side ways. H4 Notes: The H4 Fibo is up and the 38.2...
On my Final notes I had already seen the flip of the H1 Parabolic because of the Fibo's holding resistance.
The Dove - Forex Trainer
  • #12,233
  • Nov 21, 2017 12:04pm Nov 21, 2017 12:04pm
Also take note with entry off the Fibo's was on the high side for entry; and with the Parabolic flip of the H4 was 60+ pips as the stopper from entry. Which means the entry was protected only because I never trade from center.
The Dove - Forex Trainer
  • #12,234
  • Nov 21, 2017 1:46pm Nov 21, 2017 1:46pm
Quoting pipon
Entry SHORT . rules : Basic rules: Do not trade against the trend. Do not chase the market but let the market come to you. The 2 hour chart is your trend chart for the system. Rules for consolidation: The 2 ho
UPDATE : trade is still running... with in less then 4 hours market went down to 131.564 , BUT my TP at 131.567 was NOT hit !?!

Since the rule says NO BE I did not close the trade , but I must say it is frustrating... Price is now back to entry point with SAR attached at 131.564

I will let it run for the night, and Im glad Im trading DEMO...
Attached Image (click to enlarge)
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  • #12,235
  • Nov 21, 2017 2:06pm Nov 21, 2017 2:06pm
Quoting pipon
{quote} UPDATE : trade is still running... with in less then 4 hours market went down to 131.564 , BUT my TP at 131.567 was NOT hit !?! Since the rule says NO BE I did not close the trade , but I must say it is frustrating... Price is now back to entry point with SAR attached at 131.564 I will let it run for the night, and Im glad Im trading DEMO... {image}
Yes - it is frustrating and that is why you are on Demo and no B/E. When something as this comes up you begin to see trading in a different light. You begin to see things in a different perspective. You learn how to be objective instead of being subjective. You begin to see the importance of support and resistance and how they both are the total objectivity in trading. You pulled the trigger from center in consolidation and that my friend is a "no-no". An now you know why. Once you pull the trigger from center between support and resistance the probability of being in the trade for days; or losing your trade, is at very high risk.
The Dove - Forex Trainer
  • #12,236
  • Nov 21, 2017 3:14pm Nov 21, 2017 3:14pm
Hello Dove_Alliance or if anyone can help me with this question.

Always i look the market at this time for see what is going on and then make my daily plan with the New Daily Candle, but i have a question about the News:

Today After the new Daily Candle we dont have any RED NEWS until 8:30am of Wednesday RED USD NEWS.

So today can be a tradeable day.

But Tomorrow Wednesday we have JPY Bank Holiday and in Thursday we have USD Bank Holiday.

So Today we can trade but Tomorrow Wednesday and After Tomorrow Thursday we cant trade because the holiday.

Im correct? Thank you!
  • #12,237
  • Nov 21, 2017 3:24pm Nov 21, 2017 3:24pm
Quoting HappyFaces
Hello Dove_Alliance or if anyone can help me with this question. Always i look the market at this time for see what is going on and then make my daily plan with the New Daily Candle, but i have a question about the News: Today After the new Daily Candle we dont have any RED NEWS until 8:30am of Wednesday RED USD NEWS. So today can be a tradeable day. But Tomorrow Wednesday we have JPY Bank Holiday and in Thursday we have USD Bank Holiday. So Today we can trade but Tomorrow Wednesday and After Tomorrow Thursday we cant trade because the holiday....
No - that is not correct. Banks on holidays does not mean their prop traders are not working and trading. The volatility could be low but on the other hand - it also can be high. Besides - you have one currency on holiday but it's counter part is not.
The Dove - Forex Trainer
  • #12,238
  • Nov 21, 2017 3:30pm Nov 21, 2017 3:30pm
Quoting dove_alliance
{quote} No - that is not correct. Banks on holidays does not mean their prop traders are not working and trading. The volatility could be low but on the other hand - it also can be high. Besides - you have one currency on holiday but it's counter part is not.

Thank you dove_alliance, then in a few words. We can Trade those days. In fact we can trade all days only taking care about the Red News. Thats right?
  • #12,239
  • Nov 21, 2017 3:37pm Nov 21, 2017 3:37pm
Quoting HappyFaces
{quote} Thank you dove_alliance, then in a few words. We can Trade those days. In fact we can trade all days only taking care about the Red News. Thats right?
Yes - that is correct. The market close down twice a year: Christmas and New Years. Each broker has their own agenda on the hours they close and reopen during those two days.
The Dove - Forex Trainer
  • #12,240
  • Nov 21, 2017 3:52pm Nov 21, 2017 3:52pm
Quoting dove_alliance
{quote} Yes - that is correct. The market close down twice a year: Christmas and New Years. Each broker has their own agenda on the hours they close and reopen during those two days.
Thank you for your reply and ur time. So the show continue!
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