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The Paradox System

  • #13,601
  • Mar 16, 2018 12:45am Mar 16, 2018 12:45am
Quoting OneZed
{quote} Entry: Short touch of H2 Purple @17:00 (GMT+2) {image}
Self Evaluation: +40 TP hit. H1 and H2 ROMAR, EMA and 4 horsemen were in sync for the down when market touched H2 ROMAR. Market moved higher to hit Smooth. This is probably my biggest challenge - deciding which support/resistance to use. Since market was in consolidation with Daily out of sync with H1 and H2, I was waiting for a touch on EMA and missed two earlier entries - touch of Smooth after the CHF news and touch of Purple on the bar just before my entry bar.
Don't be afraid; just believe.
  • #13,602
  • Edited 3:13am Mar 16, 2018 2:59am | Edited 3:13am
TRADING PLAN
Date: 16-03-2018 (08:00 GMT+2)
News: None

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Eliminated

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Down
Last DB/SAR Attachment - Top @132.421
Fibo - Up

Notes: Market opened at PSAR with Purple crossing Smooth. 4 horsemen turning for the down. Daily in consolidation.

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last DB/SAR Attachment - Bottom
Fibo - Up

Notes: H4 in full downtrend

2 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB/SAR Attachment - Bottom @130.271
Fibo - Up

Notes: 4 horsemen down. H2 in full downtrend

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - PSAR

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Fibo - Up

Notes: 4 horsemen down with ROMAR and EMA trend. H1 in full downtrend

Final Notes: Daily out of sync with H1 and H2 placing market in consolidation. But H1 and H2 are fully synced for the down. Trade to be taken off resistance.

Entry: Went short at H2 Purple touch.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 67 KB
Don't be afraid; just believe.
  • #13,603
  • Mar 16, 2018 3:50am Mar 16, 2018 3:50am
Quoting OneZed
TRADING PLAN Date: 16-03-2018 (08:00 GMT+2) News: None Daily: ROMAR - Resistance EMA - Support PSAR - Eliminated Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Down Last DB/SAR Attachment - Top @132.421 Fibo - Up Notes: Market opened at PSAR with Purple crossing Smooth. 4 horsemen turning for the down. Daily in consolidation. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last DB/SAR Attachment - Bottom Fibo - Up Notes: H4 in full downtrend 2 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List:...
Hi Sir. Now I got right charts! Why did you write that D1 is not in sync with H1 and H2? Romar is resistence in all three charts. From post #1: "When all 3 charts are in consistent - above or below EMA the market is in that trend. When one of the 3 charts is out of sync with ROMAR the market is in consolidation".
What I'm losing?
  • #13,604
  • Mar 16, 2018 4:26am Mar 16, 2018 4:26am
Quoting Danielesse87
{quote} Hi Sir. Now I got right charts! Why did you write that D1 is not in sync with H1 and H2? Romar is resistence in all three charts. From post #1: "When all 3 charts are in consistent - above or below EMA the market is in that trend. When one of the 3 charts is out of sync with ROMAR the market is in consolidation". What I'm losing?
My bad. Should have written Daily in consolidation as EMA is support and ROMAR is resistance.
Don't be afraid; just believe.
  • #13,605
  • Mar 16, 2018 4:36am Mar 16, 2018 4:36am
Quoting OneZed
{quote} My bad. Should have written Daily in consolidation as EMA is support and ROMAR is resistance.
Ok Sir. Sorry if I bother you. What is the reason you choose H2 purple for entry point and not one of the other horseman? Personally I prefer a "confluence point" eg EMA H1 (in the same area of fibo 23.6). What do you think about? regards
  • #13,606
  • Mar 16, 2018 5:10am Mar 16, 2018 5:10am
Quoting OneZed
{quote} My bad. Should have written Daily in consolidation as EMA is support and ROMAR is resistance.
But then again, I think I had below rule C in my head when I said Daily is out of sync with H2 and H1. As EMA is support on Daily, but resistance on H1/H2.

Attached Image (click to enlarge)
Click to Enlarge Name: Rules.PNG Size: 104 KB


Would love to get clarification on what the "Daily ROMAR/EMA" in this rule refers to. Is it just the ROMAR trend (defined by ROMAR being above or below EMA) or does it also include EMA trend (defined by EMA being above or below Purple).
Don't be afraid; just believe.
  • #13,607
  • Mar 16, 2018 5:30am Mar 16, 2018 5:30am
Quoting Danielesse87
{quote} Ok Sir. Sorry if I bother you. What is the reason you choose H2 purple for entry point and not one of the other horseman? Personally I prefer a "confluence point" eg EMA H1 (in the same area of fibo 23.6). What do you think about? regards
I'm still a newbie to Paradox and still learning, and if you read my self evaluation on the last trade I did mention my main challenge is picking the right resistance/support to take a trade off. I read below statements somewhere but can't remember the page:

"In a trend and looking for an entry there are two scenarios - In an uptrend the 1 hour hit off EMA is the entry going into the uptrend. On a downtrend - the hit on the 1 hour Smooth is the entry."

"In a downtrend most hits are off the 2 hour white and most times 2 hour will not even get that far on retraces."

So I figured touch of H2 Purple was fine. The market did however move up to H2 Smooth and would have been out with 40pips profit by now. But hey, it's a time of observing and learning.
Don't be afraid; just believe.
  • #13,608
  • Mar 16, 2018 5:58am Mar 16, 2018 5:58am
Quoting Danielesse87
{quote} Ok Sir. Sorry if I bother you. What is the reason you choose H2 purple for entry point and not one of the other horseman? Personally I prefer a "confluence point" eg EMA H1 (in the same area of fibo 23.6). What do you think about? regards
Yes. There was good confluence at EMA H1 which coincided with H2 Smooth. It was also yesterday's low. It broke and became resistance. Thanks for that.
Don't be afraid; just believe.
  • #13,609
  • Mar 16, 2018 6:31am Mar 16, 2018 6:31am
Quoting OneZed
{quote} I'm still a newbie to Paradox and still learning, and if you read my self evaluation on the last trade I did mention my main challenge is picking the right resistance/support to take a trade off. I read below statements somewhere but can't remember the page: "In a trend and looking for an entry there are two scenarios - In an uptrend the 1 hour hit off EMA is the entry going into the uptrend. On a downtrend - the hit on the 1 hour Smooth is the entry." "In a downtrend most hits are off the 2 hour white and most times 2 hour will not even...
"I'm still a newbie to Paradox and still learning" - me too . We could learn from this exchange of views so thank you very much for your informations and answers. Maybe some expert could help us. Regards
  • #13,610
  • Mar 16, 2018 7:10am Mar 16, 2018 7:10am
Hi seniors, Can we use this system for trading commodities like oil, Natural gas and Metals
  • #13,611
  • Mar 16, 2018 8:16am Mar 16, 2018 8:16am
Quoting Therapsid
{quote} All four charts match mine. Congratulations!
Hi Therapsid,

Please be so kind and take a closer look at my H1 - I think the Parabolic is not OK. Thanks in advance.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #13,612
  • Mar 16, 2018 11:48am Mar 16, 2018 11:48am
I had the same parabolic, deleted it from the indicators and reloaded the h1 template, everthing seems ok know.
  • #13,613
  • Edited 4:01pm Mar 16, 2018 3:37pm | Edited 4:01pm
Quoting OneZed
TRADING PLAN Date: 16-03-2018 (08:00 GMT+2) News: None Daily: ROMAR - Resistance EMA - Support PSAR - Eliminated Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Down Last DB/SAR Attachment - Top @132.421 Fibo - Up Notes: Market opened at PSAR with Purple crossing Smooth. 4 horsemen turning for the down. Daily in consolidation. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last DB/SAR Attachment - Bottom Fibo - Up Notes: H4 in full downtrend 2 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List:...
Self Evaluation: Trade closed 30 minutes before Friday close for +17pips. Entry was not the best. Should have waited for better entry at H2 Smooth confluence with H1 EMA and yesterday's low support-turned-resistance. TP 40 missed by a few pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 70 KB
Don't be afraid; just believe.
  • #13,614
  • Mar 18, 2018 5:18pm Mar 18, 2018 5:18pm
Hi Dana, Shaun and all traders.

It’s been over a year since I was actively posting trading plans and enjoying the insight and personal challenge of learning the paradox. I’ve been busy digesting the 280+ pages of new learning since then. I am aiming to be back in and posting in the next week or so.

After my last post my business had a fire - luckily no one was injured but we had to temporarily relocate and then move it all back after a few months and work to restoring everything which is now done and I can focus on my real passion and that is trading.

Looking forward to starting from scratch lots of great new materials in these pages.

Talk soon
Nick
  • #13,615
  • Edited 4:22am Mar 19, 2018 4:05am | Edited 4:22am
Hi traders! I try to share my plan. Any comment will welcome

E/J
Time 09:00 GTM +1

ROMAR
D1: Res
H2: Res
H1: Res

Market is in overall downtrend

D1
Romar: Res
EMA: Res
PSar: Res
Smooth:Res
White: Res

Notes: D1 is in full downtrend. Market opened below purple resistence. No obstruction downward.

H2
Romar: Res
EMa: Res
PSar: Res
Smooth: Res
White: Res

Notes: H2 is in full downtrend. Romar\Ema and 4 horseman in the same direction so we have a long term trend with no swings*. Market opened at white resistence.

H1
Romar: Res
EMA: Res
PSar: ELIMINATED
Smooth: Res
White: Sup

Notes: Purple\White cross so PSar was eliminated - new upswing started. Market opened at EMA resistance

Entry: NO Longs with overall market in dowtrend
Short off H2 Smooth resistance* (with long term trend we have not swings but only sliders with retraces back towards the 4 horsemen (post #1676))

General considerations: I have to add SAR\DB and fibo on my plan but I'm still learning (actually I'm reading the firsts 250 pages for the second time. Hard to me because english is not my mother language).

Comments welcome.

Best regards

EDIT: Maybe I had to wait H1 4 horseman to be in sync with H2 Romar. It is not clear if Dove refers to only H2 Romar or all indicators. On post #1676 I read "For a good trade to be established is when the 1 hour 4 horsemen are sync with the 2 hour. In other words; they both are in the same direction. Otherwise you will be counter-trading for a loss."
  • #13,616
  • Mar 19, 2018 4:36am Mar 19, 2018 4:36am
No trading for me today and tomorrow. G20 meetings.
Don't be afraid; just believe.
  • #13,617
  • Mar 19, 2018 5:51am Mar 19, 2018 5:51am
Quoting OneZed
No trading for me today and tomorrow. G20 meetings.
You are right!
  • #13,618
  • Mar 19, 2018 12:42pm Mar 19, 2018 12:42pm
Quoting OneZed
No trading for me today and tomorrow. G20 meetings.
The g20 meetings are held in Buenos Aires this time and when Asian session opens it will be 8pm there so I would think it will still ok to watch for the Asian prop traders to make their move on Eurjpy but I don't know if the meetings go late into the evening or not. Maybe some trader knows how long they go throughout the day. Prop traders always looking to make a move
The quieter you become, the more that you can hear.
  • #13,619
  • Mar 19, 2018 1:26pm Mar 19, 2018 1:26pm
There was the entry for the Asian session. Remember what Dove said about being in the right trade late Friday, then closing this trade over the weekend, waiting on the gap and re-entering on Sunday for more pips.

Late Friday you had the EMA SAR hit, if you were in that trade (too late on a Friday for me to enter) you should have closed it before the market finished for the weekend. Waiting on the gap at opening yesterday and waiting for the gap to close, you had re entry at EMA once again for your 40 off resistance into trend. Other confluences but you can see those.
Never Give Up
  • #13,620
  • Mar 25, 2018 7:43pm Mar 25, 2018 7:43pm
Ok... I am back...

My Trading Plan: EURJPY

Date (Local): 26/03/2018
Time: Tokyo Open

Red News: No red news.

Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 128.925
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: Daily is in full downtrend with ROMAR. Last DB attachment was at bottom at 128.925. Candle opened on Purple.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 128.925
Last SAR attachment: Together with DB
Fibo: Up/Green

Notes: Last DB/SAR attachment was at bottom on lower BB at 128.925. Trend is down but White and Smooth crossed Purple for up. Candle opened just below 23.6 fibo.


H2:

Day Open Price: 129.338
ROMAR: Resistance
EMA: Resistance
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Down
Last DB attachment: Bottom at 128.925
Last SAR attachment: Bottom at 129.264
Fibo: Up/Green

Notes: Last DB attachment was bottom at 128.925 and SAR attachment was bottom at 129.264 but EMA and ROMAR trend is down against Parabolic support. Fibo is up/green. BBs are closing in.


H1:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Up/Green

Notes: H1 is in full downtrend. Candle opened just below EMA and above Purple. BBs are flat.


Final Notes: All charts are in ROMAR downtrend but market is in consolidation. After a large movement on last week market is possibly in ranging mode. Daily is in full blown down but Daily opened on Purple and last DB attachment was bottom on lower BB creating new 0.0 fibo. On H2 after DB attachment on bottom, SAR is separated and attached on top and then bottom at parabolic with MACD up. But EMA crossed Purple for down again. H1 also turned for down.

Entry for Long: ---

Entry for Short: Will be looking for short from resistance after H2 Parabolic flip.
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