May Peace & Blessings Of The Almighty God Be Upon You.
- #13,982
- May 30, 2018 10:26pm May 30, 2018 10:26pm
- Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
The Dove - Forex Trainer
- #13,983
- May 31, 2018 12:46am May 31, 2018 12:46am
Hi guys,
could anyone please explain to me why my candles look diferent from your candles(reffering to last posted charts from SuchParadox and timetolearn).
Uploading two of my charts from different brokers(XM UK for MT4 and IQ OPTION).
I'm still learning. Just finished page 82.
could anyone please explain to me why my candles look diferent from your candles(reffering to last posted charts from SuchParadox and timetolearn).
Uploading two of my charts from different brokers(XM UK for MT4 and IQ OPTION).
I'm still learning. Just finished page 82.
- #13,988
- May 31, 2018 5:16am May 31, 2018 5:16am
My Trading Plan: EURJPY
Date (Local): 31/05/2018
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 124.610
Last SAR attachment: Together with DB
Fibo: Up/Green
Notes: Daily is in full down. DB SAR is at bottom on lower BB. Yesterday candle retraced to White. Today candle opened in between White and Smooth and above 23.6 fibo.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: Top at 127.305
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: 4 horsemen are up along with EMA against ROMAR. Candle opened on Purple.
H2:
Day Open Price: 127.028
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 127.305
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: ROMAR is resistance. EMA and Parabolic are support. 61.8 fibo holding resistance. White crossed Purple for down. Candle opened just below Smooth.
H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Red/Down
Notes: White and Smooth crossed Purple for down against EMA and ROMAR support. Fibo flipped to red. Candle opened on EMA.
Final Notes: Market is in consolidation. Lower TFs are turning for up. On H4 EMA crossed Purple for up and DB is connected on top with magenta divergence. On H2 ROMAR and 61.8 fibo holding resistance. H1 ROMAR become support.
Entry for Long: Will be looking for long on H2 Parabolic possibly with SAR attachment.
Entry for Short: ---
Adjustments: SAR attached on bottom of H2 below EMA but above Parabolic. White crossed Purple for down. On H1 White and Smooth crossed Purple for down. EMA is about to cross Purple but ROMAR is still support. This is a good setup on H2 to go short. But on H4 it is a good setup for going long and on H1 ROMAR is still Support. So I must do nothing right now.
Adjustments: Ok H2 didnt go up to Parabolic and new H2 candle opened above EMA. It seems H2 will go for ROMAR second time. But I find the confluence with H4 and H1. H4 retraced from EMA and now in a perfect setup to go long. On H1 ROMAR is support and EMA, Purple and ROMAR are all together. New candle opened above Smooth which indicates they will be sliding for up. Decided to go long on this open candle. H2 ROMAR is the target.
Final Entry: Long at 126.901 for 40/40.
Result: TP hit (+40)
Self Evaluation: I dont know about this trade. It might be contradictory. But I find the confluence with H4 as I have written in adjustments.
Date (Local): 31/05/2018
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 124.610
Last SAR attachment: Together with DB
Fibo: Up/Green
Notes: Daily is in full down. DB SAR is at bottom on lower BB. Yesterday candle retraced to White. Today candle opened in between White and Smooth and above 23.6 fibo.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: Top at 127.305
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: 4 horsemen are up along with EMA against ROMAR. Candle opened on Purple.
H2:
Day Open Price: 127.028
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 127.305
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: ROMAR is resistance. EMA and Parabolic are support. 61.8 fibo holding resistance. White crossed Purple for down. Candle opened just below Smooth.
H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Red/Down
Notes: White and Smooth crossed Purple for down against EMA and ROMAR support. Fibo flipped to red. Candle opened on EMA.
Final Notes: Market is in consolidation. Lower TFs are turning for up. On H4 EMA crossed Purple for up and DB is connected on top with magenta divergence. On H2 ROMAR and 61.8 fibo holding resistance. H1 ROMAR become support.
Entry for Long: Will be looking for long on H2 Parabolic possibly with SAR attachment.
Entry for Short: ---
Adjustments: SAR attached on bottom of H2 below EMA but above Parabolic. White crossed Purple for down. On H1 White and Smooth crossed Purple for down. EMA is about to cross Purple but ROMAR is still support. This is a good setup on H2 to go short. But on H4 it is a good setup for going long and on H1 ROMAR is still Support. So I must do nothing right now.
Adjustments: Ok H2 didnt go up to Parabolic and new H2 candle opened above EMA. It seems H2 will go for ROMAR second time. But I find the confluence with H4 and H1. H4 retraced from EMA and now in a perfect setup to go long. On H1 ROMAR is support and EMA, Purple and ROMAR are all together. New candle opened above Smooth which indicates they will be sliding for up. Decided to go long on this open candle. H2 ROMAR is the target.
Final Entry: Long at 126.901 for 40/40.
Result: TP hit (+40)
Self Evaluation: I dont know about this trade. It might be contradictory. But I find the confluence with H4 as I have written in adjustments.
My Trading Plan: EURJPY
Date (Local): 01/06/2018
Time: Tokyo Open
Red News:
1230 (GMT) - USD NFP
1400 (GMT) - USD - ISM Manufacturing PMI
Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 124.610
Last SAR attachment: Together with DB
Fibo: Up/Green
Notes: Daily is in down. Last DB SAR attachment was at bottom on lower BB and after that market didnt hit EMA. Today candle opened above Smooth.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: Top at 127.710
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: H4 is in consolidation. EMA and Parabolic are support and ROMAR is resistance. Last DB attachment was on top below ROMAR with green divergence shown. White crossed Purple for down and about to cross Smooth. Candle opened below Smooth and 61.8 fibo.
H2:
Day Open Price: 127.170
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 127.710
Last SAR attachment: Bottom at 126.318
Fibo: Green/Up
Notes: H2 is in constricted consolidation. ROMAR is resistance and EMA, Parabolic are support. Purple, White, Smooth, EMA, Parabolic are all together. Fibo is red. DB is on top and SAR is on bottom. Candle opened in between ROMAR and EMA. Candle opened above 23.6 fibo.
H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Fibo: Red/Down
Notes: H1 is turning for up. Candle opened in between White and Smooth.
Final Notes: Market is in consolidation. Daily should hit EMA after returning from lower BB. But H4 is conflicting. I think H4 will take some time to set for up.
Entry for Long: Will be looking for long after some adjustments.
Entry for Short: ---
Adjustments: H2 Parabolic didnt flip. H2 White and Purple are widening and candle opened above Purple and ROMAR. On H4 it seems Smooth sliding below Purple and candle opened above White and Purple. Decided to go long on this open candle. Daily EMA or H4 ROMAR is the target.
Final Entry: Long at 127.492 for 40/40
Result: TP hit (+40)
Self Evaluation: My entry was one candle early. It went against me around 30 pips. In such kind of consolidation H2 generally returns to Purple or White. So I think after such set up is created especially for long, I should wait one candle to enter at H2 Purple or White. Generally these small retraces happen in mid candle but today next H2 candle opened far below my entry. Anyway It seems my confluence about hitting Daily EMA was right. Actually I measured from my entry open candle to Daily EMA and found about 47 pips. Then I pulled the trigger without looking for enough room below.
Have a great weekend everybody...
See you next week...
Date (Local): 01/06/2018
Time: Tokyo Open
Red News:
1230 (GMT) - USD NFP
1400 (GMT) - USD - ISM Manufacturing PMI
Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 124.610
Last SAR attachment: Together with DB
Fibo: Up/Green
Notes: Daily is in down. Last DB SAR attachment was at bottom on lower BB and after that market didnt hit EMA. Today candle opened above Smooth.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: Top at 127.710
Last SAR attachment: With and under DB
Fibo: Green/Up
Notes: H4 is in consolidation. EMA and Parabolic are support and ROMAR is resistance. Last DB attachment was on top below ROMAR with green divergence shown. White crossed Purple for down and about to cross Smooth. Candle opened below Smooth and 61.8 fibo.
H2:
Day Open Price: 127.170
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 127.710
Last SAR attachment: Bottom at 126.318
Fibo: Green/Up
Notes: H2 is in constricted consolidation. ROMAR is resistance and EMA, Parabolic are support. Purple, White, Smooth, EMA, Parabolic are all together. Fibo is red. DB is on top and SAR is on bottom. Candle opened in between ROMAR and EMA. Candle opened above 23.6 fibo.
H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Fibo: Red/Down
Notes: H1 is turning for up. Candle opened in between White and Smooth.
Final Notes: Market is in consolidation. Daily should hit EMA after returning from lower BB. But H4 is conflicting. I think H4 will take some time to set for up.
Entry for Long: Will be looking for long after some adjustments.
Entry for Short: ---
Adjustments: H2 Parabolic didnt flip. H2 White and Purple are widening and candle opened above Purple and ROMAR. On H4 it seems Smooth sliding below Purple and candle opened above White and Purple. Decided to go long on this open candle. Daily EMA or H4 ROMAR is the target.
Final Entry: Long at 127.492 for 40/40
Result: TP hit (+40)
Self Evaluation: My entry was one candle early. It went against me around 30 pips. In such kind of consolidation H2 generally returns to Purple or White. So I think after such set up is created especially for long, I should wait one candle to enter at H2 Purple or White. Generally these small retraces happen in mid candle but today next H2 candle opened far below my entry. Anyway It seems my confluence about hitting Daily EMA was right. Actually I measured from my entry open candle to Daily EMA and found about 47 pips. Then I pulled the trigger without looking for enough room below.
Have a great weekend everybody...
See you next week...
- #13,994
- Jun 1, 2018 5:40am Jun 1, 2018 5:40am
Hello fellow traders,
I've read this thread to page 84 and decided that i have all information i need to fully learn and understand this system. I will read it all eventually, but i have all that i need to make my study material on paper. I downloaded all summarys made by TradeALot which did amazing job puting it all together. But i saw it needed some text managment. So i took some time to compile it all together with some tweaks here and there for better visual look. Now i have a full "book" on paradox system that i can read on weekends and free time which is mere 93 pages long. The "book" is splited in two parts becouse of file size limits on this site. So if you are a learner just like me feel free to take it, read it and learn from it(or don't... i'm not police).
I hope soon i will be able to fully understand this system and start making trading plans of my own. So see you all later.
P.S. I took the liberty to name it "The book of Dove" and i hope that this unselfish and generous person will not mind. After all this is his system.
Everyone have a great weekend.
arūnas.
I've read this thread to page 84 and decided that i have all information i need to fully learn and understand this system. I will read it all eventually, but i have all that i need to make my study material on paper. I downloaded all summarys made by TradeALot which did amazing job puting it all together. But i saw it needed some text managment. So i took some time to compile it all together with some tweaks here and there for better visual look. Now i have a full "book" on paradox system that i can read on weekends and free time which is mere 93 pages long. The "book" is splited in two parts becouse of file size limits on this site. So if you are a learner just like me feel free to take it, read it and learn from it(or don't... i'm not police).
I hope soon i will be able to fully understand this system and start making trading plans of my own. So see you all later.
P.S. I took the liberty to name it "The book of Dove" and i hope that this unselfish and generous person will not mind. After all this is his system.
Everyone have a great weekend.
arūnas.
My Trading Plan: EURJPY
Date: 04/06/2018
Time (GMT+3): 00:05 Sydney Open
Red News: No.
Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance (e)
Checklist:
Last EMA arrow: Down
Last MACD 0 Cross: Down
Last DB: BTM 124.610
Last SAR: TOP at EMA R
Fibo: Green
Notes: Daily open at +3 balance and SAR has hit up at EMA+PSAR resistance area. There is possibility of SAR getting pushed up to PSAR R.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB: TOP at ROMAR 128.124
Last SAR: -
Fibo: Green
Notes: H4 has already hit ROMAR R with a DB with green divergence, and market is on a retrace downward from it. Possibly target is PSAR S at -65 pips.
H2:
Day Open Price: 127.606
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last EMA arrow: Up
Last MACD 0 Cross: Down
Last DB: TOP at 128.124
Last SAR: -
Fibo: Red
Notes: Balance -4. EMA arrow down flashed but disappeared, which briefly set the arrows in correct order for down. Purple at Smooth for cross down or slider.
H1:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last EMA arrow: Down
Last MACD 0 Cross: Down
Fibo: Red
Notes: 1H Horsemen turning down towards ROMAR. Purple just crossed EMA for down.
Final Notes: Short or Middle term trend is up per 2H and 4H PSAR. Market hit 4H ROMAR R precisely and got rejected down. (Also: MA signal = Strong Sell). This moment is actually too early signal for Sell, because market is at 2H PSAR s + EMA s Support, which is a great buy spot in an Uptrend, but we are in consolidation, and I have previously seen almost exactly same situation 2 times, and on those times the next target was 4H PSAR Support (for a longer move up to Daily ROMAR). There is no good resistance right here, but I have seen this situation 2 times before, which gives me confidence to try a sell. Without those two screenshots from previous dates, I would not sell right now, following paradox rules.
Entry for Long: -
Entry for Short: Sold at 127.623 for 40/40 when 2H EMA down appeared before MACD down arrow.
Adjustments: Now that the plan is written, the EMA arrow down has disappeared, as market has moved up a little from the 2H PSAR+EMA Support.
Here is a (later) screenshot with the entry:
Result:
Date: 04/06/2018
Time (GMT+3): 00:05 Sydney Open
Red News: No.
Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance (e)
Checklist:
Last EMA arrow: Down
Last MACD 0 Cross: Down
Last DB: BTM 124.610
Last SAR: TOP at EMA R
Fibo: Green
Notes: Daily open at +3 balance and SAR has hit up at EMA+PSAR resistance area. There is possibility of SAR getting pushed up to PSAR R.
H4:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB: TOP at ROMAR 128.124
Last SAR: -
Fibo: Green
Notes: H4 has already hit ROMAR R with a DB with green divergence, and market is on a retrace downward from it. Possibly target is PSAR S at -65 pips.
H2:
Day Open Price: 127.606
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last EMA arrow: Up
Last MACD 0 Cross: Down
Last DB: TOP at 128.124
Last SAR: -
Fibo: Red
Notes: Balance -4. EMA arrow down flashed but disappeared, which briefly set the arrows in correct order for down. Purple at Smooth for cross down or slider.
H1:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last EMA arrow: Down
Last MACD 0 Cross: Down
Fibo: Red
Notes: 1H Horsemen turning down towards ROMAR. Purple just crossed EMA for down.
Final Notes: Short or Middle term trend is up per 2H and 4H PSAR. Market hit 4H ROMAR R precisely and got rejected down. (Also: MA signal = Strong Sell). This moment is actually too early signal for Sell, because market is at 2H PSAR s + EMA s Support, which is a great buy spot in an Uptrend, but we are in consolidation, and I have previously seen almost exactly same situation 2 times, and on those times the next target was 4H PSAR Support (for a longer move up to Daily ROMAR). There is no good resistance right here, but I have seen this situation 2 times before, which gives me confidence to try a sell. Without those two screenshots from previous dates, I would not sell right now, following paradox rules.
Entry for Long: -
Entry for Short: Sold at 127.623 for 40/40 when 2H EMA down appeared before MACD down arrow.
Adjustments: Now that the plan is written, the EMA arrow down has disappeared, as market has moved up a little from the 2H PSAR+EMA Support.
Here is a (later) screenshot with the entry:
Result:
My Trading Plan: EURJPY Date: 04/06/2018 Time (GMT+3): 00:05 Sydney Open Red News: No. Daily: ROMAR: Resistance EMA: Resistance PSAR: Resistance (e) Checklist: Last EMA arrow: Down Last MACD 0 Cross: Down Last DB: BTM 124.610 Last SAR: TOP at EMA R Fibo: Green Notes: Daily open at +3 balance and SAR has hit up at EMA+PSAR resistance area. There is possibility of SAR getting pushed up to PSAR R. H4: ROMAR: Resistance EMA: Support PSAR: Support Checklist: Last DB: TOP at ROMAR 128.124 Last SAR: - Fibo: Green Notes: H4 has already hit ROMAR R with...
Self evaluation: Should not have sold from a Support confluence of 2H EMA+PSAR with ROMAR also running up close below. Daily SAR got pushed up to PSAR resistance. Afterwards evaluating the setups, I see it was not the same scenario as the ones I mentioned before. The 4H SAR hit to PSAR Support that happened on previous dates, may also be replaced by a retrace candle to EMA, which we have at 4H. I learned I should focus more on the confluence on 2H, and in the moment, than old screenshots. And it's always better to "vote" for the continuance of trend rather than a reversal. Also I learned that psychologically this Daily Plan making time is not good for me, if also posting it to forum, because it's after midnight and I have to wake up early, and a running trade causes thinking, which does not help one sleep well. Additional note: Previous weekly candle has long tail down, which usually suggests a massive move up this week.