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The Paradox System

  • #14,961
  • Jan 2, 2019 3:52am Jan 2, 2019 3:52am
Just adjusted this after the euro fundys,

Trading Plan EurJpy 02 Jan 2019
ECONOMIC NEWS - High, Spain, Swiss -Medium USA - Mkt Manufacturing

DAILY - Reference for support and resistance only
ROMAR, EMA, PSAR - Resistance
LAST DB/SAR - Both bottom attachment at 124.394 passed thru 0 on Fibs
LAST EMA ARROW - Down
LAST MAC D - Down
FIBO - Green
BOLLINGER BANDS - Spread wide open
NOTES
Romar EMA Psar show down trend, 4 horsemen heading downwards, DB/SAR bottom attachment showing divergence

4HR - Reference for support and resistance only
ROMAR, EMA, PSAR - Resistance
LAST DB/SAR - DB SAR Bottom Attachment 124.394 on zero fib line
LAST EMA ARROW - Down
LAST MAC D - Down
FIBO - Green
BOLLINGER BANDS - Spread wide open
NOTES Romar EMA Psar show down trend, 4 horsemen heading downwards, DB/SAR bottom attachment showing divergence

2HR – Trading Chart
ROMAR, EMA, PSAR - Resistance
LAST DB/SAR - DB SAR Bottom Attachment 124.394 on zero fib line
LAST EMA ARROW - Down
LAST MAC D - Down
FIBO - Green
BOLLINGER BANDS - spread wide open
NOTES
Trend is down, 4 Horsemen down High Euro news bumped mkt down below zero to 124.392

1HR – Reference for support and resistance only
ROMAR, EMA, PSAR - Resistance
LAST EMA ARROW - Down
LAST MAC D - Down
FIBO - Green
BOLLINGER BANDS - Spread Wide Open
NOTES
4 Horsemen down but purple is meeting white looking to cross for up

SUMMARY NOTES
Trend is down but well passed the zero on all fibs. All 4 charts are in sync, Definate room for buy with DB & SAR divergence at zero line. Waiting for confirmation of purple crossing White and Smooth & EMA, Psar to flip n MacD to cross up on 2hr chart.
Question is has the down trend been exhausted? MacD on daily is not indicating that it has yet.

ENTRY - IS ON NEW H2 BAR once summary signals have occurred. Sitting on hands being patient now.


RULES
· "Be Vigilant of all charts. See everything in the moment as a whole unit'
· Are all 4 charts IN SYNC?
· Is 1hr in sync with 2hr? If so you have a trend, if not you are in consolidation.
· when both the DB and SAR is running together as one unit then the market is ranging. The ranging will end when the SAR breaks loose.
· Daily will give reference of support & resistance within the Daily The Daily ROMAR is the key when the market will turn direction. Once it crosses Purple the game is over and time to be looking at the opposite direction for long term. ROMAR is also both Support and Resistance on all three charts.
· EMA is your trend indicator with Purple for the swings. EMA below Purple the trend is up in the swings. EMA above Purple the trend is down in the swings.
· Signal for a parabolic flip is when the Parabolic is at EMA for the Purple crossing.
Attached Image (click to enlarge)
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  • #14,962
  • Jan 2, 2019 4:49am Jan 2, 2019 4:49am
Quoting robnanne
Just adjusted this after the euro fundys, Trading Plan EurJpy 02 Jan 2019 ECONOMIC NEWS - High, Spain, Swiss -Medium USA - Mkt Manufacturing DAILY - Reference for support and resistance only ROMAR, EMA, PSAR - Resistance LAST DB/SAR - Both bottom attachment at 124.394 passed thru 0 on Fibs LAST EMA ARROW - Down LAST MAC D - Down FIBO - Green BOLLINGER BANDS - Spread wide open NOTES Romar EMA Psar show down trend, 4 horsemen heading downwards, DB/SAR bottom attachment showing divergence 4HR - Reference for support and resistance only ROMAR, EMA,...

Happy New Year everyone!

Hi Anne,

To start with, i'm still earning for myself, but I have two questions regarding your plan.

1st, you wrote: ECONOMIC NEWS - High, Spain, Swiss -Medium USA - Mkt Manufacturing
But when I look at the Economic Calendar, the only high impacted news is on 03 Jan 2019: ISM Manufacturing PMI
Where did you see the annoucement for High impacted news?

2nd question: When I look at the posted chart I see more then 39 bars visible, so it looks your set-up is not correct.
But maybe on your PC it is ok.
Mine chart looks like this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 115 KB


Thanks for posting, keeps teh thread alive!
  • #14,963
  • Jan 2, 2019 5:23am Jan 2, 2019 5:23am
Quoting Pandakker
{quote} Happy New Year everyone! Hi Anne, To start with, i'm still earning for myself, but I have two questions regarding your plan. 1st, you wrote: ECONOMIC NEWS - High, Spain, Swiss -Medium USA - Mkt Manufacturing But when I look at the Economic Calendar, the only high impacted news is on 03 Jan 2019: ISM Manufacturing PMI Where did you see the annoucement for High impacted news? 2nd question: When I look at the posted chart I see more then 39 bars visible, so it looks your set-up is not correct. But maybe on your PC it is ok. Mine chart looks...

Hi Pandakker,

I am still very much on my learner plates too.
I use https://www.myfxbook.com/forex-economic-calendar for my fundy calendar and have attached a screen print of it.

Yes my chart is displaying more than 39 bars, I didnt think this was a problem but if so will amend next time I post a screen print.
Kind regards
Anne
Attached Image (click to enlarge)
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  • #14,964
  • Jan 2, 2019 6:02am Jan 2, 2019 6:02am
Thanks Pandakker re 40/39 bars displayed. I read this many times but concluded incorrectly that zooming out was not a problem, but it does affect the fibs and your view of trading in the moment. So I have adjusted my view to max 40/39 bars. duoh!!
  • #14,965
  • Jan 2, 2019 6:05am Jan 2, 2019 6:05am
Quoting robnanne
{quote} Hi Pandakker, I am still very much on my learner plates too. I use https://www.myfxbook.com/forex-economic-calendar for my fundy calendar and have attached a screen print of it. Yes my chart is displaying more than 39 bars, I didnt think this was a problem but if so will amend next time I post a screen print. Kind regards Anne {image}
I use the FF news calendar as Dove mentioned in post 11962 Post #11,962
Looking at different calendars could keep you out of trading.
Just like today, if you only had looked at the FF calendar, you could trade around that time, and it was a good entry.
But with the myfxbook calendar, you would not trade 5 min before release and missed the entry at that time.

Regarding the 39 bars, if you have more than 39 bars on your screen the Fibo lines will not display properly. EDIT: just saw your previous post, postings crossed each other.
If you want feedback from other traders, seniors or Dana or want to compare your chart with other traders it is wise to post the proper set-up.
  • #14,966
  • Jan 2, 2019 6:11am Jan 2, 2019 6:11am
Quoting robnanne
Thanks Pandakker re 40/39 bars displayed. I read this many times but concluded incorrectly that zooming out was not a problem, but it does affect the fibs and your view of trading in the moment. So I have adjusted my view to max 40/39 bars. duoh!!


Just one question, I see a difference between your chart and mine chart regarding Tops (last DB connection at Top)
Wondering which server do you use?

Thnx
  • #14,967
  • Edited 9:07am Jan 2, 2019 8:43am | Edited 9:07am
Quoting Pandakker
{quote} Just one question, I see a difference between your chart and mine chart regarding Tops (last DB connection at Top) Wondering which server do you use? Thnx
Apologies Pandakker, Thanks for your kind assistance

I am on the forex dot com demo 106 server, does it look right now ... Anne
Attached Image (click to enlarge)
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  • #14,968
  • Jan 2, 2019 9:35am Jan 2, 2019 9:35am
Quoting robnanne
{quote} Apologies Pandakker, Thanks for your kind assistance I am on the forex dot com demo 106 server, does it look right now ... Anne {image}
Your charts are totally wrong. You need to start over and DO NOT ELIMINATE ANYTHING FROM THE TEMPLATES. And make sure the spread is correct. And yes - it is is a big issue when your charts are not right.
The Dove - Forex Trainer
  • #14,969
  • Jan 2, 2019 4:54pm Jan 2, 2019 4:54pm
wow.. a 700 pip move down to start the year. I'm Speechless
  • #14,970
  • Jan 2, 2019 4:57pm Jan 2, 2019 4:57pm
Wow

what just happened ?

????
  • #14,971
  • Jan 2, 2019 5:00pm Jan 2, 2019 5:00pm
Quoting Forbas
Wow what just happened ? ????
your indicators gave up their day job.
  • #14,972
  • Jan 2, 2019 5:02pm Jan 2, 2019 5:02pm
400pips within few minutes :-) imagine tra8ling it :-)
  • #14,973
  • Jan 2, 2019 5:02pm Jan 2, 2019 5:02pm
Quoting SuchParadox
wow.. a 700 pip move down to start the year. I'm Speechless
Yes - I'm still trying to find out what happened and apparently it happened with the yen Lucky I was in the right trade. I entered for a short on opening yesterday and pulled out with a month of profit with a drop to the basement.
The Dove - Forex Trainer
  • #14,974
  • Jan 2, 2019 5:03pm Jan 2, 2019 5:03pm
Quoting venividivici
{quote} your indicators gave up their day job.
I also thought something went wrong with my charts but, several brokers confirming the move is real. Now my question is.. what happened?
  • #14,975
  • Jan 2, 2019 5:07pm Jan 2, 2019 5:07pm
Now imagine you have long position without a stop loss :-)

That would be instant stroke for me :-)

That reminds m of the story Dove told about his best student Debbie.
  • #14,976
  • Jan 2, 2019 5:13pm Jan 2, 2019 5:13pm
Quoting dove_alliance
{quote} Your charts are totally wrong. You need to start over and DO NOT ELIMINATE ANYTHING FROM THE TEMPLATES. And make sure the spread is correct. And yes - it is is a big issue when your charts are not right.
Thankyou Dove,

I have Refreshed the Templates.
Attached Image (click to enlarge)
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  • #14,977
  • Jan 2, 2019 5:18pm Jan 2, 2019 5:18pm
Quoting SuchParadox
{quote} I also thought something went wrong with my charts but, several brokers confirming the move is real. Now my question is.. what happened?
Presumably, the collapse of Apple shares, but the Paradox was well ahead of it.
candy is dandy but liquor is quicker
  • #14,978
  • Jan 2, 2019 5:20pm Jan 2, 2019 5:20pm
Quoting Forbas
Now imagine you have long position without a stop loss :-) That would be instant stroke for me :-) That reminds m of the story Dove told about his best student Debbie.
Yes - without a stop you could be a real loser in no time. That drop could had clean out many traders if they were long without an SL.
The Dove - Forex Trainer
  • #14,979
  • Jan 2, 2019 5:23pm Jan 2, 2019 5:23pm
Quoting robnanne
{quote} Thankyou Dove, I have Refreshed the Templates. {image}
Anne - you need to redo your system from scratch and do it as instructed. You cannot trade with your charts as they are. Refreshing will not clean up that mess.
The Dove - Forex Trainer
  • #14,980
  • Jan 2, 2019 5:30pm Jan 2, 2019 5:30pm
Quoting dove_alliance
{quote} Anne - you need to redo your system from scratch and do it as instructed. You cannot trade with your charts as they are. Refreshing will not clean up that mess.
Actually Dove, I downloaded the templates again and have not deleted anything off them. Refresh was the wrong word sorry Dove. I am trying to do this as you requested.

Anne
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