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The Paradox System

  • #14,201
  • Aug 8, 2018 4:06pm Aug 8, 2018 4:06pm
Quoting mexican301
{quote} Entered for a buy following my trading plan. little annoyed a missed a sell opportunity with "the split" i've named it and daily EMA touch {image}
Closed 4mins before news at a 20pip loss. I should not have entered for a buy full stop while trading against Psar.
I will be sticking to the entries i do know while observing the ones i do not from now on.
Causa sui
  • #14,202
  • Aug 10, 2018 3:14pm Aug 10, 2018 3:14pm
Quoting SuchParadox
EURJPY Date: 05/08/18-06/08/18 News: No major news today. Daily: no gap ROMAR –Resistance EMA - Resistance PSAR –Resistance Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last DB Attachment: bottom with sar Fibo up or down: red and down Notes: 4hm turned down with ema crossing romar down, for the downtrend 4 HR: ROMAR –Resistance EMA –Resistance PSAR - Resistance Check List: Last DB Attachment: bottom with sar Fibo up or down: green and up Notes: 4hm turned down, with sar and db moving down together making lower lows 2 HR: OPEN...
Evaluation: sl hit -40. I lost this trade although I followed the rules. I kept wondering, we are in a downtrend so why did the market retrace up to daily ema? Surely h2 fibo flip couldn't be the reason because in the uptrend the fibo stays red so it got me thinking,
and today a light bulb moment happened for me and I can finally answer this. Although the daily began the downtrend by crossing romar down, with all other charts down, if you take a look at the weekly, the psar trend was up, with romar still as support with the ema above Romar, so by the natural rules of the paradox, a retracement was bound to happen and that was the bigger picture I didn't see. My bias was for the short and to be honest this trade ruined the week for me.
market retraced to daily ema, weekly romar for the entry back into the down, all I had to do was look at the bigger picture and let go of my bias. Anyway its a valuable lesson for me.

Have a good weekend guys.
  • #14,203
  • Aug 10, 2018 4:29pm Aug 10, 2018 4:29pm
Hey SuchParadox

I would say that the weekly isnt a trading chart but if you Look at the weekly SAR on top with PSAR in the uptrend. The rule is when the SAR is in the PSAR trend entry is at PSAR (long) If im not mistaking.. look what happened with weekly powered past the PSAR. This is why it isnt a trading chart. (only support and resistance)

With your short trade and I might be wrong with this. Dove made a post about closing your trade when purple x white. "this trade is done"
The trend is done when purple x white
If we were good we could have entered long at the hit of the 0 fib with divergence after the purple x white. (macd up)
The 2 hour chart kicks butt when we know how to use it!
Someone else might add
when we have DB with SAR and divergence at the 0 fib the next move is up with DB and again all of this will move with the trend and like i said the trend is done with purple x white so close your trade.
  • #14,204
  • Edited 5:33pm Aug 10, 2018 5:12pm | Edited 5:33pm
Quoting SuchParadox
{quote} Evaluation: sl hit -40. I lost this trade although I followed the rules. I kept wondering, we are in a downtrend so why did the market retrace up to daily ema? Surely h2 fibo flip couldn't be the reason because in the uptrend the fibo stays red so it got me thinking, and today a light bulb moment happened for me and I can finally answer this. Although the daily began the downtrend by crossing romar down, with all other charts down, if you take a look at the weekly, the psar trend was up, with romar still as support with the ema above Romar,...
Hello,

I stumbled today on Dove's post #12879, which states the following about the Weekly chart:

"If you want a Weekly chart to keep track of what's happening from week to week then install the Daily on a weekly chart and delete all indicators except the Purple - ROMAR - and the Fibo. But let me remind you - this is not a trading chart."

Also, a single trade's SL or TP hit shouldn't cause much happiness or suffering. As a learner I interpret my results as positive, if a week of trades is positive, but my target is still the 80% set by Dove.
  • #14,205
  • Aug 12, 2018 4:53pm Aug 12, 2018 4:53pm
EURJPY Date: 12/08/18-13/08/18
News: No news on Monday Hmmm
Daily: 80 pips below Friday candle
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down big bar
Last EMA Alert Arrow: down
Last DB Attachment: bottom with sar 125.590
Fibo up or down: Green and up

Notes: Sunday opened 80 pips below Friday, with 4hm in a strong downtrend, there is an imbalance with purple with 174 pip gap. And market hitting below lower BB on Friday. Otherwise Daily is completely down.
4 HR:
ROMAR –Resistance
EMA –Resistance
PSAR - Resistance

Check List:
Last DB Attachment: down
Fibo up or down: green and up
Notes: 4hm turned down, h4 down, fibo up. BBs wide open

2 HR:
OPEN PRICE –
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: bottom 125.590
Fibo up or down: green and up

Notes:h2 down fibos green and BB wide open

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

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

Notes:h1 down, with purple sliding on white.

Final Notes for all three charts: h1 down, h2 down, h4 down, daily down. We are in a complete downtrend, however there is an imbalance with purple on daily and a 80 pip gap. So I will enter long on the next h2 candle in an attempt to fill the gap and reduce the imbalance.
  • #14,206
  • Aug 12, 2018 5:02pm Aug 12, 2018 5:02pm
Quoting SuchParadox
EURJPY Date: 12/08/18-13/08/18 News: No news on Monday Hmmm Daily: 80 pips below Friday candle ROMAR –Resistance EMA - Resistance PSAR –Resistance Check List: Last MACD 0 crossing: down big bar Last EMA Alert Arrow: down Last DB Attachment: bottom with sar 125.590 Fibo up or down: Green and up Notes: Sunday opened 80 pips below Friday, with 4hm in a strong downtrend, there is an imbalance with purple with 174 pip gap. And market hitting below lower BB on Friday. Otherwise Daily is completely down. 4 HR: ROMAR –Resistance EMA –Resistance PSAR - Resistance...
Entry: Went long on next h2 open candle for 40/40 at 125.836 for reasons stated on my final notes.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #14,207
  • Aug 13, 2018 6:06pm Aug 13, 2018 6:06pm
Quoting SuchParadox
{quote} Entry: Went long on next h2 open candle for 40/40 at 125.836 for reasons stated on my final notes. {image}
Evaluation: sl hit. Market went as close as 3 pips from my take profit before turning back into the downtrend. Although this was a losing trade, I feel it was a good one because I was correct with the imbalance and the gap, had I entered at market open, then this trade would have been good for 40.
As soon as the new daily candle opened, and the 4hm had time to turn down, the imbalance was gone and so the market returned to its main trend down.
  • #14,208
  • Aug 13, 2018 6:40pm Aug 13, 2018 6:40pm
EURJPY Date: 14/8/18
News: No Major News
Daily:
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: bottom 125.135
Fibo up or down: green and up

Notes: 4hm turned down, market retraced back up, above Sundays close and filled the gap left from Friday.
4 HR:
ROMAR –Resistance
EMA –Resistance
PSAR - Resistance

Check List:
Last DB Attachment: bottom with sar attaching above ema, 126.768 right at 38.2 fibo
Fibo up or down: green and up
Notes: 4hm turning up, putting h4 in consolidation, with purple about to cross smooth up.

2 HR:
OPEN PRICE – 126.260
ROMAR –Resistance
EMA -Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: bottom, with sar just above 38.2 fibo
Fibo up or down: green and up

Notes: 4hm turned up, macd up, psar trend up , we are in an upward consolidation

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

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

Notes: 4hm turning down in a ema slider with psar uptrend holding support

Final Notes for all three charts: h1,h2 and h4 are consolidating up, while daily is down.
We are in an upwards consolidation currently so I will look for a long at support targeting h1/h2 romar. I will decide with the new daily open candle.
  • #14,209
  • Aug 14, 2018 5:11am Aug 14, 2018 5:11am
Quoting SuchParadox
EURJPY Date: 14/8/18 News: No Major News Daily: ROMAR –Resistance EMA - Resistance PSAR –Resistance Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last DB Attachment: bottom 125.135 Fibo up or down: green and up Notes: 4hm turned down, market retraced back up, above Sundays close and filled the gap left from Friday. 4 HR: ROMAR –Resistance EMA –Resistance PSAR - Resistance Check List: Last DB Attachment: bottom with sar attaching above ema, 126.768 right at 38.2 fibo Fibo up or down: green and up Notes: 4hm turning up, putting...

sorry Guys I forgot to show my entry before falling asleep.
Entry: I entered at the open of the candle with the white arrow. Reasons for entry, market broke to the upside above the 4hm on h2 signaling that the db was to attach with the sar to the upside and I was following through on my plan.

Evaluation: took 40 from the market this was a straight forward trade continuing the swing up and keeping in line with the rules of the paradox.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #14,210
  • Aug 14, 2018 5:30pm Aug 14, 2018 5:30pm
EURJPY Date: 15/08/18
News: High Impact USD news at 1:30 pm GMT
Daily:
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: bottom with sar, 125.135
Fibo up or down: green and up

Notes: 4hm turned down, market went up to white resistance before turning back down to entry. DB/sar both at the bottom with both Divergences.
4 HR:
ROMAR –Resistance
EMA – Support
PSAR - Support

Check List:
Last DB Attachment: bottom, with Sar attaching to the top at 126.980
Fibo up or down: green and up
Notes: 4hm consolidating with purple above ema but turned down in a ema slider, either for a continuation up for the db to attach with the sar, or a turn back down with the daily trend.

2 HR:
OPEN PRICE – 126.160
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: up, miniscule bar
Last EMA Alert Arrow: down
Last DB Attachment: bottom 125.797 just under 23.6 fibo
Fibo up or down: green and up

Notes: 4hm consolidating down, 23.6 fibo holding support. Psar resistance and BB’s closing in.

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

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

Notes: 4hm turning up, ema up arrow, H1 is in a current upswing and contradicts h2

Final Notes for all three charts: h1 turning up, h2 turned down, h4 consolidating and daily down,
We are in consolidation with all charts giving different signals. I will wait for the breakout and make a decision .
  • #14,211
  • Aug 15, 2018 8:11am Aug 15, 2018 8:11am

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 245 KB


I have created my trading plan n got the courage to post. Looking forward to some helpful advice.

Kind regards Anne
  • #14,212
  • Aug 15, 2018 9:04am Aug 15, 2018 9:04am
4 horsemen spread on 2hr so went in for sell and took my 40 pips. Thanks very much.

Anne
  • #14,213
  • Aug 15, 2018 12:04pm Aug 15, 2018 12:04pm
Quoting robnanne
4 horsemen spread on 2hr so went in for sell and took my 40 pips. Thanks very much. Anne
Please follow the prescribed format to post your plan, entry and self evaluation.
  • #14,214
  • Aug 15, 2018 1:46pm Aug 15, 2018 1:46pm
Quoting robnanne
{image} I have created my trading plan n got the courage to post. Looking forward to some helpful advice. Kind regards Anne
Hi robnanne and fellow traders. I like your trading plan with the relevant screenshots, it make things a bit clearer.
This is my first post and I also have been watching and learning from the sidelines, but think its time to get involved, long overdue actually.
I also made my own trading plan format to make it a bit easier to see more of what is going on at a glance. I made a spread sheet with drop-down choices with colours to identify the direction of each timeframe and it works well for me.
I have attached my trading plan from this morning, also taking 40 from the market.
Attached File(s)
File Type: xlsx 15-08 Trading Plan.xlsx   17 KB | 482 downloads
  • #14,215
  • Aug 15, 2018 4:10pm Aug 15, 2018 4:10pm
Hello Traders - The format for trading plans is standard with the template that was provided. If you need to create your own trading plan then that is up to you. But posting a trading plan is with the template that was provided. The rules also must be applied with posting trading plans; postings of trades, and self-evaluations. Please - no deviations.
The Dove - Forex Trainer
  • #14,216
  • Aug 15, 2018 6:56pm Aug 15, 2018 6:56pm
Thank you Dove I will apply rules and use template for Posting on this Thread. It was just easier to see for my old learning eyes on one page left to right rather than down with no pics.

Blessings to you all.
Anne
  • #14,217
  • Aug 15, 2018 8:35pm Aug 15, 2018 8:35pm
Quoting dove_alliance
Hello Traders - The format for trading plans is standard with the template that was provided. If you need to create your own trading plan then that is up to you. But posting a trading plan is with the template that was provided. The rules also must be applied with posting trading plans; postings of trades, and self-evaluations. Please - no deviations.
Hello Dana... Good to see you after a long time. Hope you are well with everything.
  • #14,218
  • Aug 16, 2018 1:19am Aug 16, 2018 1:19am
Date: 16/08/2018 Currency: Eur/Jpy

Market news:

Daily:
ROMAR - resistance
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: down 124.892
Last SAR Attachment: down 124.892
Fibonacci: green

Notes: Daily in full downtrend with green Fibo.

4 HR:
ROMAR - resistance
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: down 124.892
Last SAR Attachment: top 126.360
Fibonacci: green

Notes: purple crossing white making Parabolic weak but still resistance. DB/SAR on bottom with SAR attached up top at the parabolic.

2 HR:
OPEN PRICE - 125.571
ROMAR - resistance
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 126.360
Last SAR Attachment: top 126.360
Fibonacci: green

Notes: H2 is consolidation up against Romar. confirmed Parabolic flip with purple crossing white and purple and ema crossing. Both divergences attached to current DB/SAR. Green Fibo.

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

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Fibonacci:

Notes: H1 consolidating uptrend.

Final Notes: Daily is in full downtrend. H4 downtrend with PxW. H2 consolidating against ROMAR. H1 consolidating against ROMAR.

Entry:
Consolidation:
Short: downtrend Anti Psar entry-Divergence and DB/SAR up top. MacD up. Parabolic support. generaly coincide with daily smooth hit or H4 Parabolic hit.

Rules for determining consolidation:
a: All 3 charts determines consolidation. If one of the 3 charts is not in sync you are in consolidation.
b: If ROMAR, EMA are opposite of one another on any chart you are in consolidation.
c: White crossing Purple on any chart places the whole system in consolidation and setting up for a reversal, a swing for a new cycle, ranging, or sideways consolidation.
d: If the Parabolic's on any chart is opposite of the other charts you are in consolidation.

Rules for consolidation:
a: The H2 is your trading chart.
b: You use any, or all 3 charts, as reference for consolidation.
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.
e: Both upper and lower bands are resistance and support in consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: 16.08.2018.PNG Size: 101 KB
Causa sui
  • #14,219
  • Aug 16, 2018 2:02am Aug 16, 2018 2:02am
Date: 16/08/2018

Time: 08:00 Red News 14.30 Session: London

Daily
ROMAR: Resistance EMA: Resistance PSAR: Resistance
Check List
Last MACD Crossing: Down
Last EMA Alert Arrow: Down
Last DB/SAR Attachment: Bottom with SAR and lime price box 124.886, Both Divergence at 0 Fibo
Fibo: Green Up
Notes:
The daily is still in a downtrend but with the lime price tag at 0 fib, both divergence and the market above
purple indicating oversold on D1
Rules: The gold divergence shows up at the ending of a trend.


4 Hour
ROMAR: Resistance EMA Resistance PSAR: Resistance Eliminated
Check List
Last DB/SAR Attachment: Top with thistle price box 126.360, above the parabolic.
Fibo: Green Up
Notes: The market pressed down lower than yesterday with a touch on the Bollinger band. ROMAR is outside of the trading area.
Rules:

2 Hour Open Price: 125.514
ROMAR: Resistance EMA: Support PSAR: Support
Check List
Last MACD 0 Crossing: Up
Last EMA Alert Arrow: Up
Last DB/SAR Attachment: Top with thistle price box 126.360 with magenta divergence.
Fibo: Green Up
Notes: The 4HM are up and the parabolic has flipped to the bottom. The gold divergence has shown up today also with a lime tag. The alert arrows are in the correct sequence. EMA crossed purple
Rules: The market has opened above EMA and the parabolic flip is set, to trade against ROMAR, EMA must cross purple.

1 Hour
ROMAR: Resistance EMA: Support PSAR: Support
Check List
Last MACD 0 Crossing: Up
Last EMA Alert Arrow: Up
Fibo: Down
Notes: The four Horsemen are up and the market opened above ROMAR 3 times. MACD bars are strong upwards. The Bollinger bands have opened up, making room for movement.
Rules: ROMAR crossing Purple puts H1 in consolidation


Final Notes for all Charts:
The D1 in still down but the lower timeframes are up, putting us in a consolidated uptrend. H4 white crossing purple eliminated PSAR. EMA crossing purple on H1 and H2 allows trading against ROMAR. The are 70 pips room on H2 from my proposed entry to ROMAR and 70 pips to the Bollinger band on H1.

Entry
Consolidation or Trend:
Consolidation. Long off a good support, D1 white, H4 EMA, H2 purple and smooth on H1. My target is 0 Fibonacci on H1
Attached Image (click to enlarge)
Click to Enlarge Name: 16-08.jpg Size: 214 KB
  • #14,220
  • Aug 16, 2018 12:53pm Aug 16, 2018 12:53pm
After 8 hours finally took 40 pips. Creating this plan I was a bit concerned with the daily downtrend as I have been burned a few times going against its trend. I made my plan according to what I could see at that time and I pulled the trigger trusting the plan.
I must admit, there were some stressful moments but all tuned out well in the end.
Any comments will be appreciated.
Attached Image (click to enlarge)
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