• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 9:24pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 9:24pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Paradox System: post your entry here 11 replies

Paradox system avg monthly ROR for last 12 months 33 replies

Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply

MTS Vs Random Entry - A Paradox 6 replies

lets talk about the system called PARADOX 2 replies

  • Trading Systems
  • /
  • Reply to Thread
  • Subscribe
  • 4,250
Attachments: The Paradox System
Exit Attachments
Tags: The Paradox System
Cancel

The Paradox System

  • Last Post
  •  
  • 1 725726Page 727728729 863
  • 1 Page 727 863
  •  
  • Post #14,521
  • Quote
  • Edited 3:12pm Oct 30, 2018 2:56pm | Edited 3:12pm
  •  Romar
  • | Joined Apr 2018 | Status: Member | 104 Posts
Quoting dove_alliance
Disliked
{quote} This is what I call an "idiots trade" in not knowing the rules. This statement is false: "DBSAR / FIBO / Divergence has the control." You have a multiple major support and still you want to go short; not even evaluating the resistance as a stopper. You might get lucky as you do once in awhile. You have a major problem and that is interpreting the rules instead of knowing the rules. And most times you interpret the rules incorrectly. So your excuses are out of the box. For right now - in the moment - you have the 23.6 Fibo, EMA, and the Parabolic...
Ignored
Finally!!! Someone tells me I am wrong and my interpretation of the Paradox is totally false, and to top it off it is Master who said it! I needed that Master - to improve and become better.
Not going to lie, these past several weeks I been feeling like a lone soldier on the battlefield without his General... and it sucks Master feeling this way.

Master, I know I have no right to ask you to come back and train the last few of us. This Paradox is my all-in in life, I failed at everything, all the chance and opportunity that I have been given - I fucked it up and the only person to blame is ME. I must graduated the Paradox, to show everyone that - NO I'm not a failure in life! But without you my graduation is out of reach Master... like a freshman in high school with his book ready to learn but no teacher in sight.
Master I need your guidance, I will do anything everything that you asked . What time you want me to post my plan? so it would be easier for you, Or don't post plan until this or that? anything to make it easier for you.

Thank you again Master for this amazing Paradox,
Will.
 
 
  • Post #14,522
  • Quote
  • Oct 30, 2018 3:30pm Oct 30, 2018 3:30pm
  •  dove_alliance
  • Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
Creating a proper trading plan is the true magic of being successful. There are three basic rules in creating a plan:

A - Be vigilant of ALL charts. See everything in the moment as a whole unit.
B – Always trade from the top with resistance or from bottom with support. Never from center.
C – Always trade in the moment and never pull the trigger until you are sure and not thinking.

These three rules will take you into creating your trading plan.

“a) - Be vigilant of all charts. See everything in the moment as a whole unit.”

What had happened on each chart is only the past as you are creating your plan. What you should be looking at on each chart is in the moment. And you create your plan on the beginning of your session. There are 3 session in a 24 hour period. The Asia (Yen) session: The London (Euro) session: and the USD (Dollar) session. And the pair you are trading for training is the EUR/JPY.

There are only 4 elements you are interested in for the moment: EMA, the Parabolic, DB, and the SAR. Those 4 indicators are your trend indicators in conjunction with ROMAR; as for trend direction and/or consolidation. These four elements are also your support and resistance for all entries.

You have an H1, H2, H4, and a Daily (D1) charts. Each chart are in sync with one another. If the Daily is in trend so are the other three charts. Meaning – if the Daily moves 100 or more pips so will the other charts. If you counter-trade the Daily ROMAR then you are counter-trading the other 3 charts.

In other words – if you are not in sync with all 4 charts with your trading plan then you are not in the moment with the Paradox as a whole unit.

“b) - Always trade from the top with resistance or from bottom with support. Never from center.”

One thing every trader must keep in mind is how the market operates. And it operates totally upon the USD opening 17:00 ET every trading day Sunday through Thursday; and closing 16:59 every trading day Monday through Friday. This is very significant due to processing the Data changing over every day with closing at 16:59 ET. It deletes the previous day data and begins a new day data exactly at 17:00 ET. This means the market begins a complete new data for 24 hours and what data was there in the past is no longer there. And the reason is because the currency pair (during that one minute) is resetting the currency exchange rate. This also means any trading plan created prior to 17:00 ET is obsolete and a new trading plan must be created for the next 24 hours.

90% of the time, with the new data at 17:00 ET, you are at the high or low of the previous day market. It is also the Central Pivot for the Daily. I bet most of you – if not all of you realize this. The other10% is when the market is in a full blown trend. Once you have all 4 charts together in a trading plan you will also have the top (resistance) and bottom (support) of the market. And if you are looking to trade from center of the high and low – then you are a loser. And most of you do that – you wait for the market move to center before pulling the trigger; and most times it is in the wrong direction.

“c) - Always trade in the moment and never pull the trigger until you are sure and not thinking.”

Until a trader is at the level of recognizing support and resistance you always make your entry with a new bar. Your trading chart is the H2 which means your entry is on a new H2 bar. That is a rule and I do not want to see it broken again. Your goal in becoming an Elite trader is learning how to trade support and resistance; which means in the moment. And you need all 4 charts to become one of the Elite.

Your goal is 40 pips daily and with the Paradox 40 daily Pips are on each of the charts. Like I have said – all 4 charts are in sync with one another. All you need to do is place the 4 charts support and resistance on your trading plans and you will see the sync. Do not ever think you have it right until you are sure you have it right before pulling the trigger.

To become an Elite trader is “knowing” and not thinking. Knowing everything about your trading plan is without fault but perfect for the upcoming trade. And being a perfectionist is about seeing the whole picture and not part of the picture within all charts.

When you THINK you know the rules is when you will become a loser. Knowing the rules within your heart is the only level of being successful. When you try to create your own rules is when you will be a loser. The rules with the Paradox ARE SET IN STONE and thinking will only turn your journey into a miserable reality.

Romar's trade above is showing exactly what I am talking about. He pulled the trigger thinking he had it all together; calling a RULE not being a rule and “thinking” he master a perfect entry, but only pulled the trigger in not seeing the whole picture. He went short with the H2 having the 23.6 Fibo as support, EMA, as support, the Parabolic as support. And then the H1 having ROMAR as support, And then having EMA on the H4 as support. That was a very bad entry because he was “thinking” with a batch of egoness in breaking the rules from left to right.

His trade had only 40 pips between resistance and support. With roughly 20 pips of entry to support. Which means he pulled the trigger from center. Only time will tell what will happen with his trade. And with multiple supports he may lose this trade if the H2 ROMAR crosses EMA.
The Dove - Forex Trainer
 
12
  • Post #14,523
  • Quote
  • Oct 30, 2018 3:35pm Oct 30, 2018 3:35pm
  •  dove_alliance
  • Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
Quoting Romar
Disliked
{quote} Finally!!! Someone tells me I am wrong and my interpretation of the Paradox is totally false, and to top it off it is Master who said it! I needed that Master - to improve and become better. Not going to lie, these past several weeks I been feeling like a lone soldier on the battlefield without his General... and it sucks Master feeling this way. Master, I know I have no right to ask you to come back and train the last few of us. This Paradox is my all-in in life, I failed at everything, all the chance and opportunity that I have been given...
Ignored
Romar, I will tell you something you may not like. For one thing I will not be back to train. My days of training is over. Secondly, Ronin did it on his own. I had pushed him a few times but he did it from page one of this thread and leaned everything of the Paradox from this thread. Bottom line - Ronin taught himself without any help from anyone. If he can do it so can everyone else.
The Dove - Forex Trainer
 
4
  • Post #14,524
  • Quote
  • Oct 30, 2018 3:44pm Oct 30, 2018 3:44pm
  •  Kuai237426
  • | Joined Oct 2018 | Status: Junior Member | 3 Posts
Thanks for this trading systems.
 
1
  • Post #14,525
  • Quote
  • Oct 30, 2018 4:31pm Oct 30, 2018 4:31pm
  •  Romar
  • | Joined Apr 2018 | Status: Member | 104 Posts
Quoting dove_alliance
Disliked
Creating a proper trading plan is the true magic of being successful. There are three basic rules in creating a plan: A - Be vigilant of ALL charts. See everything in the moment as a whole unit. B – Always trade from the top with resistance or from bottom with support. Never from center. C – Always trade in the moment and never pull the trigger until you are sure and not thinking. These three rules will take you into creating your trading plan. “a) - Be vigilant of all charts. See everything in the moment as a whole unit.” What had happened on each...
Ignored
There is absolutely no ego involve here, I am always open because I know deep down I'm bad at the Paradox right now, and thinking that I master the entry or any entry is the last thing I think about. All I think about is to improve and become better with the Paradox day-by-day, but that comes with a lot of leaning and mistakes
- so mistakes were made and there is a lot more to come, but without them I cannot learn, or improve. But you did indirectly call me an "idiot" because I made a rookie mistake when I am suppose to.
Its all good tho, moving on. Lessons learned, graduation will not come easy but it will come one day!

Will.
 
1
  • Post #14,526
  • Quote
  • Oct 30, 2018 5:07pm Oct 30, 2018 5:07pm
  •  timetolearn
  • | Joined Mar 2017 | Status: Member | 121 Posts
Quoting timetolearn
Disliked
{quote} Entered long... {image}
Ignored
Evaluations: Tp hit! It was not good trade. I pull the trigger from center. 4horsemen was up on H2&H4 and new daily candle use white as a support. I counted pips and realized that my tp was under fibo 100.0 on h2 and ema resistance on d1. As Dove said that we must use h2 but on this trade i focused h1 chart that was mistake. In my opinion, right entry was open candle above fibo 61.8 but i couldn't take it. Anyway, next time i will try to trade from the top or from bottom.
 
1
  • Post #14,527
  • Quote
  • Oct 31, 2018 3:29am Oct 31, 2018 3:29am
  •  Romar
  • | Joined Apr 2018 | Status: Member | 104 Posts
Quoting Romar
Disliked
{quote} Entry: Short, open 16:00 candle. Rule/Confluence: In consolidation/ranging DBSAR / FIBO / Divergence has the control. Currently H2 DBSAR connected top with both standard hidden Divergence and at recently flipped FIBO RED 0 + ROMAR EMA has not cross to switch role so ROMAR is still resistance. H4 also has DB and both Divergence connected top. Everything in Daily is pointing down resistance. {image}
Ignored
Result: -40, SL hit.
Self-evaluation :
I went against EMA support, FIBO red FIBO 23.6, and the Parabolic trend like Dana said. On the H4 the 4HSM and EMA was against the ROMAR, that also I went against.
 
 
  • Post #14,528
  • Quote
  • Oct 31, 2018 4:16am Oct 31, 2018 4:16am
  •  Romar
  • | Joined Apr 2018 | Status: Member | 104 Posts
Trading plan: 8:00 candle server time
Red news : none

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
SAR is attach top at EMA resistance, also WHITE PURPLE cross.

4 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
FIBO - UP
Notes:
DB is attach top with both standard and hidden divergence, the 4HSM is pointing up with EMA going against ROMAR.

2 HR:
ROMAR - Support
EMA - Support
PSAR - Support
FIBO - DOWN
Notes:
DBSAR and both standard hidden divergence is attach top, also the market is at FIBO 0 red, and 4HSM pointing up + ROMAR EMA also up.

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support
Fibo - DOWN
Notes:
Everything is in sync with the H2, the only difference is WHITE PURPLE cross

Final Notes for all four charts:
Currently in a consolidated uptrend.

Projected Entry:
Currently the market is at Daily EMA resistance with the SAR attach there. If the market shows a reversal for the down I will also be looking to make an entry off resistance because of Daily SAR attach top. But right now the trend is up, and I will be looking for a long entry off support.

Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 75 KB
 
 
  • Post #14,529
  • Quote
  • Oct 31, 2018 4:37am Oct 31, 2018 4:37am
  •  killerxover
  • | Joined Feb 2010 | Status: Member | 81 Posts
Date: 31 October 2018 2.30 AM GMT +7

News Releases:

Daily:
ROMAR Resistance
EMA Resistance
PSAR Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom 126.621
Last SAR Attachment - Top 128.533
Fibo - Up
Notes: Daily is Downtrend. 4 Horsemen Down. White at Purple. Market opened above Smooth and below EMA. Light Blue and Gold Divergences attached at Bottom together with DB/SAR.

4 HR:
ROMAR Resistance
EMA Support
PSAR Support
Check List:
Last DB Attachment - Top 128.533
Last SAR Attachment - Top 128.533
Fibo - Up
Notes: H4 in Consolidation. 4Horsemen up. Last DB/SAR at Top.

2 HR:
ROMAR Support
EMA Support
PSAR Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top 128.533
Last SAR Attachment - Top 128.533
Fibo - Down
Notes: H2 is ranging. 4 horsemen Up. DB/SAR on Top.

1 HR:
ROMAR Support
EMA Support
PSAR Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Fibo - Up
Notes: H1 in uptrend. 4 horsemen up.

Final Notes:
Market in ranging. Daily is down. H4 is consolidating up with ROMAR is holding resistance. H2 is struggling to go up. Fibo is down, DB/SAR on Top and next attachment will at bottom. I will short once PSAR flip for down.


Ps.
I don't know whether I identify the market in ranging correctly or not. If it is not a ranging market, then looking for Short would be a false entry. I hope I get some advices from senior and Dove of identifying a current market.
 
 
  • Post #14,530
  • Quote
  • Oct 31, 2018 10:00am Oct 31, 2018 10:00am
  •  SuchParadox
  • Joined Feb 2018 | Status: Member | 289 Posts
Quoting dove_alliance
Disliked
Creating a proper trading plan is the true magic of being successful. There are three basic rules in creating a plan: A - Be vigilant of ALL charts. See everything in the moment as a whole unit. B – Always trade from the top with resistance or from bottom with support. Never from center. C – Always trade in the moment and never pull the trigger until you are sure and not thinking. These three rules will take you into creating your trading plan. “a) - Be vigilant of all charts. See everything in the moment as a whole unit.” What had happened on each...
Ignored
Dana, I really appreciate every post and effort you make in teaching us and repeating the things we keep overlooking. I know this post was aimed at all of us, as we all have things we keep missing in our plans. Everything you say is of great value to me and I'm glad to have a teacher like you who explains things so well, and I'm sure most of us here feel the same. So on behalf of all of us

Thank you!
And good bless you in every aspect of your life.

And to everyone here, the only way to show our appreciation to Dana is to learn from our mistakes and actually take his words seriously as I too am guilty of going on tangents in my plans.

If there are things you are unsure of then all you need do is go back some pages and I bet you Dana has explained the thing you are confused about in detail.

In my opinion Dana has done more then enough for us and we don't need to keep being spoon fed everything. If you just go back you will find yourself learning more and more things you didn't understand before. I'm sure that's how ronin did it, and if he can do it, so can you or I or anyone that has the heart.
 
3
  • Post #14,531
  • Quote
  • Oct 31, 2018 11:03am Oct 31, 2018 11:03am
  •  killerxover
  • | Joined Feb 2010 | Status: Member | 81 Posts
Quoting killerxover
Disliked
Date: 31 October 2018 2.30 AM GMT +7 News Releases: Daily: ROMAR Resistance EMA Resistance PSAR Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - Bottom 126.621 Last SAR Attachment - Top 128.533 Fibo - Up Notes: Daily is Downtrend. 4 Horsemen Down. White at Purple. Market opened above Smooth and below EMA. Light Blue and Gold Divergences attached at Bottom together with DB/SAR. 4 HR: ROMAR Resistance EMA Support PSAR Support Check List: Last DB Attachment - Top 128.533 Last SAR Attachment - Top 128.533...
Ignored
Entry:
SHORT

Attached Image (click to enlarge)
Click to Enlarge

Name: EURJPYH2SELL.png
Size: 65 KB


Note:
As stated on my plan, I will make short entry if PSAR flipped for down. Because I need to catch early morning flight and I need to sleep already, then I made my entry while PSAR was flip flopping. Actually, a right entry should have wait PSAR fixed for down after a closing candle.
 
 
  • Post #14,532
  • Quote
  • Oct 31, 2018 3:17pm Oct 31, 2018 3:17pm
  •  Ronin303
  • Joined May 2017 | Status: Member | 186 Posts
Well... lot of talk is going on... Some of them referencing me!!!

I thank you master Dana from the deep of my heart for appreciating me. But I don't think I am an Elite Trader yet. I must admit... my success rate is much higher than before and I am more stable now than ever. But I am still filling my gaps. After reading your comment I got a flash back of how I come this far through a tough and long one year journey!!! I read my old posts and had a good and fine feeling remembering those days... Memories of tough journey are always become good to remember.

As for everyone else who are struggling...

Yes, SuchParadox is right about what he said. You can not understand it all in one time. You have to go back several times. You have to re-read what you read before. And every time you go back you learn something new you didn't understand before. Paradox will teach you to keep yourself ahead of the market. Let the market come to you and when it comes pull the trigger confidently. Do not chase the market, you will fall behind. If the market does not come to you, leave it and take the day off. You will be safe. It is always better not to take a trade than taking a loss. Remember that a lost trade costs one win trade and two trading days just to be minimized. As for me... as an example... I took a win trade on Monday. On Tuesday I didn't find an entry. On Wednesday (today) I opened a long entry on Daily open where H2 opened above Purple targeting Daily Parabolic. But market didn't move up according to my targeted plan though ROMAR became support. Then for ten hours market couldn't go up and finally a candle opened below H2 EMA where I closed my trade at break even. As H2 ROMAR become support, there was no chance to go short for me and took rest of the day off. Those who took short and thinking it as a wining trade, I personally think it is a wrong and lost trade.

Regards,
Ronin
 
2
  • Post #14,533
  • Quote
  • Oct 31, 2018 3:24pm Oct 31, 2018 3:24pm
  •  SuchParadox
  • Joined Feb 2018 | Status: Member | 289 Posts
Quoting Ronin303
Disliked
Well... lot of talk is going on... Some of them referencing me!!! I thank you master Dana from the deep of my heart for appreciating me. But I don't think I am an Elite Trader yet. I must admit... my success rate is much higher than before and I am more stable now than ever. But I am still filling my gaps. After reading your comment I got a flash back of how I come this far through a tough and long one year journey!!! I read my old posts and had a good and fine feeling remembering those days... Memories of tough journey are always become...
Ignored
I agree with you. With the ranging we had today it was better to let the market come to you after waiting for a breakout. I too didn't trade today. And you're right it's better to wait then to rush in and take a loss, as you need two days just to get back to even.

There's no magic trick. It's simply making a good plan outlining the condition of the market , having a clear entry in mind with support/resistance. Then patiently waiting for the market to reach that point. Simple to learn difficult to master.
 
2
  • Post #14,534
  • Quote
  • Oct 31, 2018 4:08pm Oct 31, 2018 4:08pm
  •  Contra
  • | Joined Dec 2017 | Status: Member | 51 Posts
The Yen is a very powerful currency. When the Asian traders move the market in the Asian session, most of the other currencies like Australian and New Zealand can't withstand its power and join in the move. Trading the Eur/jpy Asian session is awesome because most of the time the Euro isn't active enough to stop the move. The Euro pairs are all over the place because of the numerous players involved.
This is why in my opinion the Asian session is the only one worth trading. Other sessions the Euro can be moving the Eur/jpy and trust me, you want the Yen in control. I'm not a master of the paradox but sharing my trading experience in case it helps those struggling in other sessions. The Yen rules. Gbp is similiar but very volatile.
 
1
  • Post #14,535
  • Quote
  • Oct 31, 2018 6:23pm Oct 31, 2018 6:23pm
  •  dove_alliance
  • Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
Quoting killerxover
Disliked
{quote} Entry: SHORT {image} Note: As stated on my plan, I will make short entry if PSAR flipped for down. Because I need to catch early morning flight and I need to sleep already, then I made my entry while PSAR was flip flopping. Actually, a right entry should have wait PSAR fixed for down after a closing candle.
Ignored
This was a very bad trade for any reason. Three rules broken on this entry with support and resistance less then 40 pips on spread. You was caught in a high impact news with the Brexit and got lucky it went your way. If not for that you probably still would had been in this trade waiting on a proper breakout.
The Dove - Forex Trainer
 
 
  • Post #14,536
  • Quote
  • Oct 31, 2018 6:33pm Oct 31, 2018 6:33pm
  •  dove_alliance
  • Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
This sentence from Ronin is so true:

"Remember that a lost trade costs one win trade and two trading days just to be minimized."

What he is saying - is never risk a trade for any reason.
The Dove - Forex Trainer
 
4
  • Post #14,537
  • Quote
  • Oct 31, 2018 6:55pm Oct 31, 2018 6:55pm
  •  juanklow93
  • | Joined Oct 2018 | Status: Junior Member | 3 Posts
Quoting dove_alliance
Disliked
This sentence from Ronin is so true: "Remember that a lost trade costs one win trade and two trading days just to be minimized." What he is saying - is never risk a trade for any reason.
Ignored


good day, I'm sorry for my English since it's not my native language. I have been studying his method for several weeks and I dare not ask anything since everything is written and carved in stone. I thank you and I hope to continue practicing with this system, I sent screenshots of my account to see if everything is correct
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot2.png
Size: 57 KB
 
 
  • Post #14,538
  • Quote
  • Oct 31, 2018 7:53pm Oct 31, 2018 7:53pm
  •  Romar
  • | Joined Apr 2018 | Status: Member | 104 Posts
Quoting Romar
Disliked
Trading plan: 8:00 candle server time Red news : none Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: SAR is attach top at EMA resistance, also WHITE PURPLE cross. 4 HR: ROMAR - Resistance EMA - Support PSAR - Support FIBO - UP Notes: DB is attach top with both standard and hidden divergence, the 4HSM is pointing up with EMA going against ROMAR. 2 HR: ROMAR - Support EMA - Support PSAR - Support FIBO - DOWN Notes: DBSAR and both standard hidden divergence is attach top, also the market is at FIBO 0 red, and 4HSM pointing...
Ignored
Entry: Short
Rule/Confluence:
H2 everything pointing down, SMOOTH WHITE and EMA PURPLE crossed at the same time + also ROMAR EMA cross for the down, H4 Parabolic flip from down to up and also SMOOTH WHITE, EMA PURPLE cross. Daily SAR attach to top at EMA resistance.
ROMAR trend is down on all chart (edited)

Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 76 KB
 
 
  • Post #14,539
  • Quote
  • Oct 31, 2018 8:19pm Oct 31, 2018 8:19pm
  •  killerxover
  • | Joined Feb 2010 | Status: Member | 81 Posts
Quoting killerxover
Disliked
{quote} Entry: SHORT {image} Note: As stated on my plan, I will make short entry if PSAR flipped for down. Because I need to catch early morning flight and I need to sleep already, then I made my entry while PSAR was flip flopping. Actually, a right entry should have wait PSAR fixed for down after a closing candle.
Ignored
Result:
TP hit with luck.

I was looking for a right entry to go Long. But I saw market couldn't go up and keep on ranging even BOJ red news and EUR medium news have been released. Then I started to go back read and studied quite few times on Dove's ranging tutorial on page 469. And looking on yesterday's scenario, I thought I applied it right just like post https://www.forexfactory.com/showthr...74#post9868174

I'm sorry. I'm not trying to defend myself. I just want to express what I'm feeling now. It's not easy and really need a hard effort and heart to learn this system.

Thank you Sir for reviewing my trade.
 
 
  • Post #14,540
  • Quote
  • Oct 31, 2018 8:43pm Oct 31, 2018 8:43pm
  •  dove_alliance
  • Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
Quoting killerxover
Disliked
{quote} Result: TP hit with luck. I was looking for a right entry to go Long. But I saw market couldn't go up and keep on ranging even BOJ red news and EUR medium news have been released. Then I started to go back read and studied quite few times on Dove's ranging tutorial on page 469. And looking on yesterday's scenario, I thought I applied it right just like post https://www.forexfactory.com/showthr...74#post9868174 I'm sorry....
Ignored
Let us get this correct: This is your entry statement:

"Note:
As stated on my plan, I will make short entry if PSAR flipped for down. Because I need to catch early morning flight and I need to sleep already, then I made my entry while PSAR was flip flopping. Actually, a right entry should have wait PSAR fixed for down after a closing candle."


This statement has nothing to do with the link above. In fact - the link above has nothing to do with your entry. You was locked in between resistance and support with less than 30 pips and ranging between those 30 pips. This means you had no trade until the breakout. And yes - you was trying to justify yourself because of the rules being broken which were: the Parabolic flipping and not set in stone, Not more then 40 TP for an entry, entry on a moving candle. That is three rules being broken just on this one entry. Nothing more needs to be said.
The Dove - Forex Trainer
 
 
  • Trading Systems
  • /
  • The Paradox System
  • Reply to Thread
    • 1 725726Page 727728729 863
    • 1 Page 727 863
1 member viewing:
Bsverma
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023