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The Paradox System

  • #14,821
  • Dec 7, 2018 7:35am Dec 7, 2018 7:35am
Quoting eyesonme
EURJPY Date: 07/12/18 News:09:30 pm (gmt+8) Unemployment Rate & Non-farm (USD) Daily ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 Cross: Down Last EMA arrow: Down Notes: All 4 HMs are down with market going downward 4 HR: ROMAR: Resistance EMA: Resistance PSAR: Support Notes: PSAR just flipped to support. SAR showed up near ROMAR resistance and retraced down 2 HR: OPEN PRICE: 128.260 ROMAR: Resistance EMA: Support PSAR: Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB/SAR Attachment: DB/SAR...
Trade closed at -10 pips before non-farm news
  • #14,822
  • Dec 7, 2018 8:47am Dec 7, 2018 8:47am
Quoting alicekang88
1) Understood we need to look at 4 timeframe now, however which template i should put into H4? 2) The DB is stands for ... ? I can guess the meaning is like the swing high? 3) So H2 is the trading chart? Pls help to check if my chart is correct as below: {image} {image} {image}
NO - your charts are not correct - your spread is not correct nor is your monitor correct with the right resolution and you do not use candle sticks but only bars.
The Dove - Forex Trainer
  • #14,823
  • Dec 8, 2018 4:47pm Dec 8, 2018 4:47pm
Hello,

Do you plan to make this available as a Signal so we can copy trader?
  • #14,824
  • Edited Dec 9, 2018 12:45am Dec 8, 2018 9:59pm | Edited Dec 9, 2018 12:45am
Quoting Goodchoicefx
Hello, Do you plan to make this available as a Signal so we can copy trader?
I don't understand, instead of spending time to learn a wonderful and free system to make it your own, why do you want to copy signal and gain nothing from it but only short-term cash. When the signal is closed, you are out of luck.
  • #14,825
  • Dec 9, 2018 7:41pm Dec 9, 2018 7:41pm
Goodchoicefx might like to consider the following story before making his request of Dana for a free ride to riches.

1 A starving person is offered a fish to satisfy their immediate hunger.
OR :-
2 is shown how to catch fish whenever the need to eat was greater then the pain of hunger. A life changing event.

Many people here have chosen choice No 2

Dana is providing us a pathway which you do not want to take-----Just a free handout, without doing any work.

It aint gonna happen bud.
  • #14,826
  • Dec 10, 2018 1:57am Dec 10, 2018 1:57am
EURJPY Date: 10/12/18

News:No red News

Daily
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 Cross: Down
Last EMA arrow: Up

Notes: Market went above EMA resistance with a green EMA arrow showed up.

4 HR:

ROMAR: Resistance
EMA: Support
PSAR: Support

Notes: Purple is at ROMAR for a crossing or slide. All 4 HMs are in uptrend.

2 HR:
OPEN PRICE: 128.304

ROMAR: Support
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB/SAR Attachment: DB/SAR at the top at 128.784
Fibo up or down: fibo is Down

Notes: DB/SAR going up to created a new fibo high which is also the current Daily PSAR resistance. H2 is still in full uptrend

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow:Up
Fibo up or down: Down

Notes: Market is in full uptrend with all 4 HMs strongly up

Final Notes: H1, H2 and H4 are all in uptrend, market created new fibo high in H2. Daily is in consolidated up against the ROMAR downtrend.

Entry:As market is at Daily ROMAR and PSAR resistance, I will look for a clearer reversal sight to enter short if market failed to break daily resistances (H1 purple cross white and smooth for the down or market open below H2 23.6 fibo). At this point, going long against ROMAR daily resistance seems too risky for me
  • #14,827
  • Dec 10, 2018 2:00am Dec 10, 2018 2:00am
Trading plan 10/12/2018
Economic news : no
Daily
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Last DB Attachment – down at 127.607
Fibonacci – red. Riders are pointing down
H4
ROMAR - resistance
EMA - support
Parabolic - support
Last DB and SAR Attachment – top at 128.79
Fibonacci – green. Purple cross Romar.
H2
ROMAR – support
EMA - support
Parabolic- support
Checklist:
Last DB and SAR Attachment – top at 128.79
Fibonacci – red. Riders are pointing up
H1
ROMAR - support
EMA - - support
Parabolic- support
Fibo – red. Riders are pointing up Consolidation. Rules for determining consolidation: 1: If one of the trading charts are not in sync with one another you are in consolidation. 2: If the Daily ROMAR/EMA are not sync with 1 and 2 hour charts you are in consolidation.
Rules for consolidation: a: The 2 hour is your trading/trend chart. – H2 -up b: Use the Daily Chart S/R 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.

I went on sale from resistance (Day parabolic with day fibo 38.2) to support Romar H2
Attached Image (click to enlarge)
Click to Enlarge Name: Ð2 10,12,18.JPG Size: 198 KB
Either I will find a way, or I will make one...
  • #14,828
  • Dec 10, 2018 5:54am Dec 10, 2018 5:54am
Quoting doddy
{quote} https://www.forexfactory.com/showthr...82#post9709882 Learn from his hardwork.
do you know how he filtered out for only Danas response predominantly? I would love to update this summary to end of this year.
  • #14,829
  • Dec 10, 2018 6:13am Dec 10, 2018 6:13am
Quoting eyesonme
EURJPY Date: 10/12/18 News:No red News Daily ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 Cross: Down Last EMA arrow: Up Notes: Market went above EMA resistance with a green EMA arrow showed up. 4 HR: ROMAR: Resistance EMA: Support PSAR: Support Notes: Purple is at ROMAR for a crossing or slide. All 4 HMs are in uptrend. 2 HR: OPEN PRICE: 128.304 ROMAR: Support EMA: Support PSAR: Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB/SAR Attachment: DB/SAR at the top at 128.784 Fibo up or down:...
I decided to go short with this candle as market opened below 23.8 fibo in H2. Purple already crossed white in H1 to put market in consolidation. Plus there is a red EMA arrow in H1 with MACD arrow downs.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 67 KB
  • #14,830
  • Dec 10, 2018 10:51am Dec 10, 2018 10:51am
TP +40 pips
BUT this is a bad dea:
1. Аgainst me -15 pips. So I chose the wrong resistance
2. duration more than eight hours
bad deal
Either I will find a way, or I will make one...
  • #14,831
  • Dec 10, 2018 8:02pm Dec 10, 2018 8:02pm
Quoting eyesonme
{quote} I decided to go short with this candle as market opened below 23.8 fibo in H2. Purple already crossed white in H1 to put market in consolidation. Plus there is a red EMA arrow in H1 with MACD arrow downs. {image}
Result: SL hit -40 pips. I entered right in the middle, not from the top, not from the bottom of this ranging and certainly the market hit me hard.

Please if any experts here can help me with the things below I really appreciate

Actually I’m not clearly sure what to do in the situation like yesterday when market constantly creating new Fibo high in 3-4 2H candles. What I thought is we only wait for a sight of reversal to go opposite but again I’m not quite sure what are the rules to catch on this reversal in the moment.
  • #14,832
  • Dec 10, 2018 9:43pm Dec 10, 2018 9:43pm
Quoting eyesonme
{quote} Result: SL hit -40 pips. I entered right in the middle, not from the top, not from the bottom of this ranging and certainly the market hit me hard. Please if any experts here can help me with the things below I really appreciate Actually I’m not clearly sure what to do in the situation like yesterday when market constantly creating new Fibo high in 3-4 2H candles. What I thought is we only wait for a sight of reversal to go opposite but again I’m not quite sure what are the rules to catch on this reversal in the moment.
Here was your major problem and that is: you had a full blown slider up trend on the H2. So what you did was counter-trade the trend. EMA was not even close for a crossing with Purple; and the Parabolic's were a mile away for any flip. The Same with the H4. So my friend - you was not focus on the trend. You was thinking and analyzing instead of seeing what was really there.
The Dove - Forex Trainer
  • #14,833
  • Dec 11, 2018 1:31am Dec 11, 2018 1:31am
Quoting dove_alliance
{quote} Here was your major problem and that is: you had a full blown slider up trend on the H2. So what you did was counter-trade the trend. EMA was not even close for a crossing with Purple; and the Parabolic's were a mile away for any flip. The Same with the H4. So my friend - you was not focus on the trend. You was thinking and analyzing instead of seeing what was really there.
Thank you Dove, I see what is my problem now. Trying to analyze and anticipate too much while the most important thing is all 4HMs were still up in H2 for a strong uptrend and I was going short
  • #14,834
  • Dec 11, 2018 1:52am Dec 11, 2018 1:52am
EURJPY Date: 11/12/18

News: 9:30 PM (GMT+8) Core CPI m/m (USD)

Daily
ROMAR: Resistance
EMA: Resistance (eliminated)
PSAR: Resistance

Check List:
Last MACD 0 Cross: Up
Last EMA arrow: Up

Notes: Green EMA and MACD up arrows showing up. Purple crossed white to eliminate PSAR as resistance

4 HR:

ROMAR: Resistance
EMA: Support
PSAR: Support

Notes: Purple already crossed ROMAR and EMA heading to ROMAR for another crossing but it could be a slider as well

2 HR:
OPEN PRICE: 128.690

ROMAR: Support
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Up
Last DB/SAR Attachment: DB at the top at 128.928, SAR at the bottom at 128.247
Fibo up or down: fibo is Down

Notes: Market is in a very tight consolidation running between PSAR resistance and ROMAR support with all indicators are very tight to each others

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow:Up
Fibo up or down: Down

Notes: Purple crossed white and smooth for the up and is very near for a cross with EMA. PSAR flipped to support

Final Notes: H1 is up, H2 is in tight ranging, H4 up and daily starting up

Entry:As market is ranging very tight in H2 between ROMAR support and PSAR resistance. I will wait for a breakout to decide my entry.
  • #14,835
  • Dec 11, 2018 2:39am Dec 11, 2018 2:39am
hi
the best system but too complicated for a old men has me
  • #14,836
  • Dec 11, 2018 6:05am Dec 11, 2018 6:05am
Quoting eyesonme
EURJPY Date: 11/12/18 News: 9:30 PM (GMT+8) Core CPI m/m (USD) Daily ROMAR: Resistance EMA: Resistance (eliminated) PSAR: Resistance Check List: Last MACD 0 Cross: Up Last EMA arrow: Up Notes: Green EMA and MACD up arrows showing up. Purple crossed white to eliminate PSAR as resistance 4 HR: ROMAR: Resistance EMA: Support PSAR: Support Notes: Purple already crossed ROMAR and EMA heading to ROMAR for another crossing but it could be a slider as well 2 HR: OPEN PRICE: 128.690 ROMAR: Support EMA: Resistance PSAR: Resistance Check List: Last MACD 0...
I was out on the street so I have to enter in the middle of the candle for this one. Purple crossed EMA for the up movement with PSAR flipped to support. MACD up arrow showing.

Daily purple already crossed white so daily PSAR is no longer my risk. There are more than 20 pips to daily ROMAR resistance for a B/E trade so I decided to go with this one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 63 KB
  • #14,837
  • Dec 11, 2018 9:09am Dec 11, 2018 9:09am
Quoting eyesonme
{quote} I was out on the street so I have to enter in the middle of the candle for this one. Purple crossed EMA for the up movement with PSAR flipped to support. MACD up arrow showing. Daily purple already crossed white so daily PSAR is no longer my risk. There are more than 20 pips to daily ROMAR resistance for a B/E trade so I decided to go with this one. {image}
Result: Closed at B/E right.before the news.

Romar daily resistance hold intact and put daily back into ranging again.
  • #14,838
  • Dec 12, 2018 2:53am Dec 12, 2018 2:53am
EURJPY Date: 12/12/18

News: 9:30 PM (GMT+8) CPI m/m (USD)

Daily
ROMAR: Resistance
EMA: Resistance (eliminated)
PSAR: Resistance

Check List:
Last MACD 0 Cross: Up
Last EMA arrow: Up

Notes: Market opened above smooth going up to PSAR and retrace again

4 HR:

ROMAR: Resistance/Support
EMA: Resistance/Support
PSAR: Resistance

Notes: Romar and EMA are very tight in H4. PSAR just flipped to support. Purple just crossed ROMAR for the down

2 HR:
OPEN PRICE: 128.272

ROMAR: Support
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB/SAR Attachment: DB at the bottom at 128.167, SAR at the top at 128.615
Fibo up or down: fibo is Down

Notes: Purple crossed white and smooth for the upswing. EMA just had a slider over ROMAR with PSAR flipped to support

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Down
Fibo up or down: Up

Notes: Purple cross white and smooth for the down move but PSAR holding as support

Final Notes: H1 is down, H2 is up, H4 down and daily starting up

Entry:Going long from this open candle as H2 showing early sight of an upswing with EMA ROMAR slider and PSAR flipped to support
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 67 KB
  • #14,839
  • Dec 12, 2018 6:45am Dec 12, 2018 6:45am
It is my first post; however studying it from long time but still not perfect.
Trading Plan : 12/12/2018
Currency : USD/JPY
Economy News : 9:30 PM (GMT+8) Core CPI m/m (USD)
Daily
Romar : Resistance
EMA : Resistance
PSAR : Resistance

Checklist
MACD 0 Down
Last EMA Arrow Up
Notes: Purple crossed smooth and candle opened on PSAR, ROMAR having hard resistance for purple

4HR
Romar : Support (AS per current picture of screen)
EMA : Support
PSAR : Support

Note: Candle is trying to cross smooth and white for down. Purple is near to smooth.

2HR
Open Price : 113.354
Romar : Support [Still market is in uptrend, 4 Horseman powers also showing uptrend]
EMA : Support
PSAR : Support

CheckList:
Last MACD 0 Crossing: Down
Last EMA alert arrow: UP
Last DB/SAR Attachment: DB at the bottom at 113.015, SAR at the top at 113.512
Fibo up or down: fibo is Down

Note : Purple crossed white and smooth and near to cross EMA in next 2 hours

1 HR:
ROMAR – Resistance [Market in consolidation, It should go to down swing]
EMA – Support
PSAR - support

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Fibo up or down: Down

Notes: Purple cross white and smooth for the down move but PSAR holding as support.
Entry: Market is in tight consolidation so awaiting the breakout. Going short from this open candle as H2 with 4 Horseman power.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH2.png Size: 54 KB
  • #14,840
  • Dec 12, 2018 7:41am Dec 12, 2018 7:41am
Quoting eyesonme
EURJPY Date: 12/12/18 News: 9:30 PM (GMT+8) CPI m/m (USD) Daily ROMAR: Resistance EMA: Resistance (eliminated) PSAR: Resistance Check List: Last MACD 0 Cross: Up Last EMA arrow: Up Notes: Market opened above smooth going up to PSAR and retrace again 4 HR: ROMAR: Resistance/Support EMA: Resistance/Support PSAR: Resistance Notes: Romar and EMA are very tight in H4. PSAR just flipped to support. Purple just crossed ROMAR for the down 2 HR: OPEN PRICE: 128.272 ROMAR: Support EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Down Last...
Result: Trade closed at +20 pips bf the news. Market really went up a lot with EMA & Romar slide in H2. Only a fews pips to my TP point.

This is a bad trade because I did forget about the fibo 23.8 resistance in H2. If I was smarter, I should set my TP below this to take all the profit rather than risking for a few pips to fight against this massive resistance. Finally, market failed to break this line
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