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The Paradox System

  • #14,021
  • Edited 3:52am Jun 8, 2018 3:26am | Edited 3:52am
Hey all. This is for the positional traders. Do you guys reckon its ok to work off several currencies on the daily chart only. i know its been advised to stick with one pair. but if only using one daily chart open maybe you could have several other pairs daily charts open too or would this not work? cheers
  • #14,022
  • Jun 8, 2018 8:39am Jun 8, 2018 8:39am
Quoting SuchParadox
{quote} Entry: short New daily open candle , 4hm down on h2, turning down on h4 and daily open at purple {image}
Evaluation: took 40 from the market. My entry was okay but in hindsight I should have waited for the h2 ema touch, so as Ronin said the market went 30 pips against me. Patience is the name of the game. Anyway guys, have a great weekend
  • #14,023
  • Jun 8, 2018 1:18pm Jun 8, 2018 1:18pm
Is Possible to have this system for NinjaTrader?
  • #14,024
  • Jun 8, 2018 3:09pm Jun 8, 2018 3:09pm
In post no. 5009 (by Dove), is explained what happens when Daily ROMAR gets hit like it recently did, if anyone wants to study
  • #14,025
  • Jun 9, 2018 12:25am Jun 9, 2018 12:25am
Quoting mexican301
{quote} Entered long with purple crossing white without purple crossing EMA {image}
I'm deeply sorry for the late evaluation.

Evaluation: TP 40 and that was only because my TP was below the daily ROMAR. I entered in late by 1 candle and was lucky to get my TP with the market already have moved 20 pips up. I was to worried about it been a potential reversal and wanting to confirm the slider.
Causa sui
  • #14,026
  • Jun 10, 2018 4:48pm Jun 10, 2018 4:48pm
EURJPY Date: 11/06/18
News: No high impact news apart from GBP
Daily:
ROMAR –Resistance
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top, 130.265 at romar thistle tag and magenta divergance
Fibo up or down: still green and up

Notes: 4hm up with market retrace to ema after hitting ema, the thistle tag with fibos still green indicates that the market is still not done with the up.

2 HR:
OPEN PRICE – 128.717 (20 pips below Friday close)
ROMAR – Support
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down, smaller bar
Last EMA Alert Arrow: down
Last DB Attachment: bottom 128.103 with lime green tag with lsb and gold divergance
Fibo up or down: flipped to green and up

Notes:4hm slightly turned back up with purple crossed white up , ema hasn’t crossed ROMAR for the continuation of the down so it could be a slide, for either a continuation or a reversal. BB’s opened up and now closing in.

1 HR:
ROMAR –Resistance
EMA – Support
PSAR – Support

Check List
Last MACD 0 crossing: up
Last EMA Alert Arrow: up in sequence with macd arrow.
Fibo up or down: green and up

Notes:4hm turned up however purple now in a slider with the other 4hm.


Final Notes for all three charts: h1 turned up (slider), h2 turning up, h4 turned down, but still Romar up with Romar holding the support, daily turned up. We are in consolidation, with the market slightly turning back for a swing up from the down move, so will wait to enter the up, at a good level of support unless anything changes.


Entry:
Consolidation: will wait for the Sunday candle to finish, then decide.
  • #14,027
  • Jun 10, 2018 7:02pm Jun 10, 2018 7:02pm
Trading plan 11/06/2018

Economic news : No

Daily
ROMAR - resistance
EMA – support
Parabolic - support

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


Last DB/SAR Attachment – top at 130.265
Fibonacci- green

Notes: 4 horsemen is up but romar is down. DB/SAR attachment at the top with magenta divergence.. Market is struggling fibo 50 resistance at 128.970. Daily ema is strong support.

H4
ROMAR – support/resistance
EMA – support/resistance
Parabolic – resistance

Checklist:
Last DB/SAR Attachment – down at 128.103
Fibonacci- red

Notes : Purple crossed romar so 4horsemen is support and resistance until ema cross romar .

H2
ROMAR – support / resistance
EMA – support / resistance
Parabolic – resistance-eliminated

Checklist:
Last DB Attachment – down at 128.103
Last EMA Alert Arrow – up
Last MACD 0 Crossing - up
Fibonacci – red

Notes: This scenario is purple/ema slider. Ema green and macd arrow appeared according to right setup.

H1
ROMAR - resistance
EMA – Support
Parabolic – Support
Checklist: Last EMA Alert Arrow – up
Last MACD 0 Crossing - up


Notes:4horsemen is so tight and up.

FİNAL NOTES: Market opened at ema support on d1 and we have 140 pips to romar resistance. On h2 market is going to over ema, macd is going up and SAR attached top candle on h2.

ENTRY: looking for BUY when open candle over ema on h2 chart
  • #14,028
  • Jun 10, 2018 7:09pm Jun 10, 2018 7:09pm
Quoting timetolearn
Trading plan 11/06/2018 Economic news : No Daily ROMAR - resistance EMA – support Parabolic - support Checklist: Last MACD 0 Crossing - up Last EMA Alert Arrow – up Last DB/SAR Attachment – top at 130.265 Fibonacci- green Notes: 4 horsemen is up but romar is down. DB/SAR attachment at the top with magenta divergence.. Market is struggling fibo 50 resistance at 128.970. Daily ema is strong support. H4 ROMAR – support/resistance EMA – support/resistance Parabolic – resistance Checklist: Last DB/SAR Attachment – down at 128.103 Fibonacci- red Notes...


Entered Long according to plan
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  • #14,029
  • Jun 10, 2018 7:26pm Jun 10, 2018 7:26pm
Quoting SuchParadox
EURJPY Date: 11/06/18 News: No high impact news apart from GBP Daily: ROMAR –Resistance EMA - Support PSAR – Support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: top, 130.265 at romar thistle tag and magenta divergance Fibo up or down: still green and up Notes: 4hm up with market retrace to ema after hitting ema, the thistle tag with fibos still green indicates that the market is still not done with the up. 2 HR: OPEN PRICE – 128.717 (20 pips below Friday close) ROMAR – Support EMA - Resistance PSAR –Resistance...
Entry: entered long after market close above ema on h2 and daily,on h2 sar attatched with macd and ema arrow to confirm the up and sl is below 4hm support.
Attached Image (click to enlarge)
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  • #14,030
  • Jun 11, 2018 12:21am Jun 11, 2018 12:21am
Quoting timetolearn
{quote} Entered Long according to plan {image}

Self Evaluations:

TP hit +40 pips.

I believe that it was good trade because when i prepared my trading plan i realized that power of ema support on d1 chart so i checked h2 chart and i saw that i have 2 options to trade
1- ema-romar cross to changing trend for down on h2 (romar was down on h1)
2- purple/ema slider for romartrend on H2.
Then, i heard ema alert for up on h2 chart then i pulled the trigger for 2nd scenario.

Best Regards

Deha
  • #14,031
  • Jun 11, 2018 4:34pm Jun 11, 2018 4:34pm
Quoting SuchParadox
{quote} Entry: entered long after market close above ema on h2 and daily,on h2 sar attatched with macd and ema arrow to confirm the up and sl is below 4hm support. {image}
Evaluation: sorry for the late evaluation. Took 40 from the market, I feel this was a good trade and executed quite well, the market hardly went against me from entry and tp was reached relatively quickly.
  • #14,032
  • Jun 11, 2018 5:06pm Jun 11, 2018 5:06pm
EURJPY Date: 12/06/18
News: High impact USD 1:30 pm
Daily:
ROMAR – Resistance
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: up,
Last EMA Alert Arrow: up in sequence with the macd
Last DB Attachment: up just under romar resistance, thistle tag . 130.265
Fibo up or down: green and up

Notes: 4hm up, ema held support with Romar holding resistance, market failed to make a higher high from last week, but came close around 20 pips.

2 HR:
OPEN PRICE – 129.660
ROMAR – Support
EMA -Support
PSAR – Support

Check List:
Last MACD 0 crossing: up, smaller bar
Last EMA Alert Arrow: up
Last DB Attachment:top, 130.047, thistle tag
Fibo up or down: green and up

Notes:4hm turning down currently, with market retracing to ema h2 ema after a hit on daily romar once again, with h2 ema currently holding support.

1 HR:
ROMAR – Support
EMA – Support
PSAR –Resistance (not yet set )

Check List
Last MACD 0 crossing: down, small bar
Last EMA Alert Arrow: down
Fibo up or down: red and down.

Notes:4hm in a tight constriction around 30 pips above romar with 23.6 fibo holding support, psar turning to resistance and ema down arrow has set in stone, bb’s closed in and currently the market is moving sideways

Final Notes for all three charts: h1 turning down, h2 turning down, h4 up with market opening below purple and white holding support with 23.6 , and daily up. We are in consolidation, with a current consolidated downswing, though we are still up and h2 ema is holding and H2 fibo hasn’t yet flipped.


Entry:
Consolidation: will look to enter a long from a good level of support, preferably after sar attachment on h2 with the retrace. Unless anything changes, I will wait for the new daily candle.
  • #14,033
  • Jun 11, 2018 7:15pm Jun 11, 2018 7:15pm
Quoting SuchParadox
EURJPY Date: 12/06/18 News: High impact USD 1:30 pm Daily: ROMAR – Resistance EMA - Support PSAR – Support Check List: Last MACD 0 crossing: up, Last EMA Alert Arrow: up in sequence with the macd Last DB Attachment: up just under romar resistance, thistle tag . 130.265 Fibo up or down: green and up Notes: 4hm up, ema held support with Romar holding resistance, market failed to make a higher high from last week, but came close around 20 pips. 2 HR: OPEN PRICE – 129.660 ROMAR – Support EMA -Support PSAR – Support Check List: Last MACD 0 crossing:...
Entered long for 40/40 at purple support, with candle opening above. with TP just below last weeks high and at daily romar resistance.
Attached Image (click to enlarge)
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  • #14,034
  • Jun 12, 2018 4:06am Jun 12, 2018 4:06am
My Trading Plan: EURJPY

Date (Local): 12/06/2018
Time: Tokyo Open

Red News:
1230 (GMT) - USD - Core CPI m/m


Daily:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 130.265
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: Daily is heading for ROMAR for the 2nd time. 4 horsemen are up along with EMA against ROMAR resistance. Fibo is green. Market opened just above Purple and above 61.8 Fibo.


H4:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last DB attachment: Bottom at 128.103
Last SAR attachment: Top at 130.047
Fibo: Red/Down

Notes: H4 is in full up. Fibo is red. DB is on bottom and SAR is on top way above Parabolic. Candle opened on Purple.


H2:

Day Open Price: 129.661
ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: Top at 130.047
Last SAR attachment: With and under DB
Fibo: Green/Up

Notes: White, Smooth and Purple are all together. EMA, Parabolic and ROMAR are up. DB is on top Fibo is green. Candle opened above Purple.


H1:

ROMAR: Support
EMA: Support
PSAR: Resistance

Checklist:

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

Notes: ROMAR is support. Purple, White, Smooth, EMA are all together. Candle opened above Purple and Parabolic resistance.


Final Notes: Lower TFs are in uptrend. Daily is in consolidation against ROMAR. Daily is heading for ROMAR for the 2nd time.

Entry for Long: Will go for long from support on H2 EMA or Parabolic possibly with SAR attachment.

Entry for Short: ---

Adjustments: SAR attachment was in mid candle and I missed that. I also missed the next open candle. The next candle also opened almost the same place. Decided to go long. Daily ROMAR is the target.

Final Entry: Long at 129.821

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-06-12-1200.png Size: 70 KB


Result: TP hit (+40)

Self Evaluation: Entry was late but I think it was ok targeting Daily ROMAR.

Attached Image (click to enlarge)
Click to Enlarge Name: Result EJ H2 2018-06-12-1200.png Size: 72 KB
  • #14,035
  • Jun 12, 2018 5:11am Jun 12, 2018 5:11am
Quoting SuchParadox
{quote} Entered long for 40/40 at purple support, with candle opening above. with TP just below last weeks high and at daily romar resistance. {image}
Evaluation: took 40 from the market. This was a bad trade simply because I didn't completely follow though on my plan. I didn't wait for the sar to attach and ended up chasing the market and my impatience nearly cost me the trade with the market going 7 pips from my sl. Thankfully psar held support and the initial direction my planning called for was correct. Things I could have done better, waited patiently for the market to come to me, I made a plan with a projected entry so I should follow though on that otherwise what's the point of making a plan. If I had done so my tp would have been hit very quickly.
  • #14,036
  • Jun 12, 2018 5:14pm Jun 12, 2018 5:14pm
Date: 13/06/2018 Currency: Eur/Jpy

Market news: 10:30pm USD PPI

Daily:
ROMAR - resistance
EMA - support
PSAR - supprt

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: u[
Last DB Attachment: top 130.265
Last SAR Attachment: top 130.265
Fibonacci: up

Notes: 4 horsemen up. DB/SAR up top with ROMAR resistance 56 pips away. Fibo green

4 HR:
ROMAR - support
EMA - support
PSAR - support / eliminated

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: top 130.263
Last SAR Attachment: top 130.236
Fibonacci: red

Notes: purple crossing white followed by purple touching smooth. Psar is eliminated. Trend arrow followed by MacD.

2 HR:
OPEN PRICE - 129.625
ROMAR - support
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: top 130.236
Last SAR Attachment: down 129.556
Fibonacci: red

Notes: confirmed reversal with SAR attachment on bottom. market is 29 pips to BB with ROMAR out of the box.

1 HR:
ROMAR - support
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Fibonacci: red

Notes: 4 horsemen down. market above purple with ROMAR and purple about to touch.

Final Notes: H1 downtrend against ROMAR uptrend. H2 down against ROMAR uptrend. H4 consolidating uptrend. Daily uptrend against ROMAR downtrend.

Projected Entry: looking for a sell on the H2 after a retrace to EMA or Psar with 45-50 pips to the BB if ROMAR is outside the BB.
Causa sui
  • #14,037
  • Jun 13, 2018 6:24am Jun 13, 2018 6:24am
Quoting mexican301
Date: 13/06/2018 Currency: Eur/Jpy Market news: 10:30pm USD PPI Daily: ROMAR - resistance EMA - support PSAR - supprt Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: u[ Last DB Attachment: top 130.265 Last SAR Attachment: top 130.265 Fibonacci: up Notes: 4 horsemen up. DB/SAR up top with ROMAR resistance 56 pips away. Fibo green 4 HR: ROMAR - support EMA - support PSAR - support / eliminated Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last DB Attachment: top 130.263 Last SAR Attachment: top 130.236 Fibonacci: red...
Did not see a trade today for me, ill see you all tomorrow.
Causa sui
  • #14,038
  • Jun 13, 2018 6:23pm Jun 13, 2018 6:23pm
Date: 14/06/2018 Currency: Eur/Jpy

Market news: eur 9:45pm. eur,usd at 10:20pm

Daily:
ROMAR - resistance
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 130.333
Last SAR Attachment: top 130.333
Fibonacci: green

Notes: ranging up against ROMAR downtrend. market is 20 pips from ROMAR resistance and market touching purple support.

4 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: up
Last DB Attachment: top 130.333
Last SAR Attachment: top 130.333
Fibonacci: red

Notes: purple, white and smooth has come out of slider. H4 in uptrend with DB/SAR up top. BB coming in,

2 HR:
OPEN PRICE - 130.019
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 130.333
Last SAR Attachment: bottom 129.896
Fibonacci: red

Notes: purple crossing white with open below smooth and SAR attachment on bottom. ROMAR outside of BB. BB flat lined. red fibo.

1 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Fibonacci: red

Notes: purple crossing white then smooth. MacD and trend arrow down on the same candle. red fibo.

Final Notes: H1 consolidation uptrend. H2 consolidation uptrend with SAR attachment at EMA/Psar. H4 uptrend. Daily ROMAR downtrend with 4 horsemen uptrend.

Will be looking for a long at the close of the 22:00 candle.
Causa sui
  • #14,039
  • Jun 13, 2018 6:36pm Jun 13, 2018 6:36pm
EURJPY Date: 14/06/18
News: EUR 12:45PM and 1:30PM GMT with USD news. Interest rates and ECB
Daily:
ROMAR –Resistance
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: up
Fibo up or down: green and up

Notes:4hm up, market in a tight constriction ranging at around 20 pips with Romar resistance and purple/white support. DB attached to current candle, with thistle tag just above Romar, both divergences attached. Purple sliding with white.
4 HR:
ROMAR – Support
EMA – Support
PSAR - Support

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: up on the same candle with a macd down arrow
Last DB Attachment: top 130.333 magenta tag, both divergances
Fibo up or down: turned red and down
Notes: 4hm turning back up, psar held support alongside ema, last ema up arrow with a macd down arrow, showing a retracement in the near future. Sar and DB moving up together, purple, white and smooth constricted close together and BB’s closing in.

2 HR:
OPEN PRICE – 130.000
ROMAR – Support
EMA -Support
PSAR – Support

Check List:
Last MACD 0 crossing: up, miniscule bar, however mac d arrow flashing down on current candle.
Last EMA Alert Arrow: up
Last DB Attachment: to 130.333 with magenta tag, right At the top BB. Both Divergences.
Fibo up or down: red and down

Notes:4hm turned up, with psar holding support. Purple sliding with white and mac d arrow flashing down. Romar below lower BB

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Check List
Last MACD 0 crossing: down, bigger bar
Last EMA Alert Arrow: down, same candle as macd down arrow
Fibo up or down: Red and down.

Notes: 4hm turning down, Romar support within BBs and 23 pips away.

Final Notes for all three charts: h1 turned down, h2 turning down, h4 turning up and daily turned up. We are in consolidation, with a Romar up on all charts except the daily. Daily Romar resistance holding the market back with the market moving back and forth from the horsemen to romar in a 30 pip range. No Magenta tag yet on Daily sar, indicating the up move is not yet done, Fibo is now red on all chart except daily. We are still in a consolidated uptrend. With a current downswing occurring.
Last time market hit Romar on daily, it retraced to Ema support. Market has returned back to Romar. I currently cant see a trade wither up or down, however on h2, h4 we have the magenta tag with both divergences, indicated a short term down move , since daily is keeping us in consolidation.



Entry:
Consolidation: Will look to take a short from a good level of resistance. Unless anything changes.
  • #14,040
  • Jun 13, 2018 7:02pm Jun 13, 2018 7:02pm
Quoting mexican301
Date: 14/06/2018 Currency: Eur/Jpy Market news: eur 9:45pm. eur,usd at 10:20pm Daily: ROMAR - resistance EMA - support PSAR - support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: top 130.333 Last SAR Attachment: top 130.333 Fibonacci: green Notes: ranging up against ROMAR downtrend. market is 20 pips from ROMAR resistance and market touching purple support. 4 HR: ROMAR - support EMA - support PSAR - support Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: up Last DB Attachment: top 130.333 Last SAR...
Entry:
Consolidation: Long. TP 40 and SL 40 set.


Rules: BB ranging is when the BB's are flat lined and the Market bounces off the BB. Now if the bounce returns to EMA you then are turning back into the trend.
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Causa sui
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