The Paradox System

Session: January 9th, 2019 EUR/JPY.
Red News: CAD

Daily
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: UP, MACD: UP

H4
Romar: Resistance
EMA: Support
Parabolic: Support

H2
Romar: Support
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP

H1
Romar: Support
EMA: Support
Parabolic: Support

Daily (big picture) final note
After White Purple cross with SAR showing, EMA Green arrow shows up followed by MACD UP arrow against the Romar trend. This is the first time MACD is above 0.0 since the down swing.

H1 H2 H4 final note
H2 is currently at Fibs Red "0" with everything pointing up. H4 4 horsemen and EMA support are going against Romar resistance and both Divergence are showing at the top with DB/SAR. H1 is in sync with H2.

Market type
UP swing / Consolidation

Projected entry
Going long at this moment is not option because H4 Romar resistance can stop the TP, and the Daily Parabolic / 61.8 resistance is also right there.
Most likely will be shorting at a resistance area with confluences and not from center and also if H2 has enough room for the TP to be hit, so before H2 Romar / Parabolic support.

Good Day to all.
Thank you Dove for this amazing system.
This is my first trading plan.

EURJPY Date: 10/01/2019
News: USD News USD 19:40 (GMT +2)

Daily:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance but eliminated because White crossed Purple.

Checklist:

Last MACD 0 crossing: Up
Lat EMA alert arrow: Up
Last DB attachment: Bottom @ 118.765
Fibo: Green Up

Notes: Daily out of balance with Purple. White crossed Purple and Smooth crossed Purple. When Smooth cross Purple, the trend change.


4HR:

ROMAR: Resistance
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 crossing: Up
Lat EMA alert arrow: Green Up
Last DB attachment: Top @ 125.069
Fibo: Green Up

Notes: 4 HR 4 Horsemen very tight. EMA is sliding underneath Purple. ROMAR is resistance and EMA support. When ROMAR is resistance and EMA is support, and the wait for a breakout.


2HR:

Opening Price: 124.836
ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 crossing: Down
Lat EMA alert arrow: Up
Last DB attachment: Top @ 125.081
Fibo: Red Down

Notes: White crossed Purple eliminating PARABOLIC.


1HR:

ROMAR: Support
EMA: Resistance
PSAR: Resistanc

Checklist:

Last MACD 0 crossing: Down
Lat EMA alert arrow: Green Up
Fibo: Red Down

Notes: H1 is consolidating for move down. 4 Horesemen are down.

Final Notes:

Daily – Downtrend
4Hr – Consolidation
2Hr – Uptrend
1Hr – Consolidation
Market is in consolidation. Only trade from bottom to top and top to bottom. 2Hr ROMAR is the trend to follow. Will take a long when support is reached on the 2Hr. That would be ROMAR. It will also be in confluence with EMA on the Daily.

Trading plan 10/01/2019
Economic news : Fed Chair Powell Speaks
Daily
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Last DB Attachment – down at 118,765
Last SAR Attachment – up at 124.889
Fibonacci – green. Purple crossed white and smooth
H4
ROMAR - resistance
EMA - support
Parabolic – support
Last DB Attachment –top at 125.069
Fibonacci – green.
H2
ROMAR – support
EMA – support
Parabolic- support
Checklist:
Last DB Attachment – top at 125.069
Last SAR Attachment – down at 124.518
Fibonacci – red. H1 ROMAR - resistance
EMA - - resistance
Parabolic- support
Fibo –red. Riders 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. 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.
Last DB Attachment up and I am looking for sales from resistance. The candle on the day opened above the parabolic but it did not turn over and kept the downward trend. Sar top on the day - looking for sales. In consolidating the entrance to sales from support. While the closest support romare H4. I will go from it on sale if there will be 40 points to the H2 romar. Either I will wait until the H2 romar is support and is synchronized with H4

No entry
Missed the opportunity mid-candle when the market touched H4 Romar and I think another on the way back up from H2 Romar / Parabolic support.

Adjustments to the trading plan:
Н2: DB hit the level 38,2 fibo and pierced romar Н2 (support)
H4: SAR in parabolic
I am going to purchase due to new adjustments

Session: January 10th, 2019 EUR/JPY.
Red News: none

Daily
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: UP, MACD: UP

H4
Romar: Resistance
EMA: Support
Parabolic: Support

H2
Romar: Support
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: DOWN

H1
Romar: Support
EMA: Support
Parabolic: Support

Daily (big picture) final note
The market opened above EMA with White Smooth Purple cross for the up. And SAR is connected at the Parabolic / 61.8 resistance.

H1 H2 H4 final note
H4 4 horsemen and EMA support are going against Romar resistance and SAR is showing at the bottom on the Parabolic. H2 the market is between the top of DB/SAR resistance with both Divergence and Romar support. H1 is out of sync with H2.

Market type
Ranging / Consolidation.

Entry with rules/confluences

1. When the market is ranging we can use DB/SAR for support and resistance.
2. H4 SAR showing at the bottom on the Parabolic support
3. H2 DB/SAR is connected at the bottom with the standard Divergence so next DB/SAR connection is to go to resistance.
4. H2 Romar is support and EMA is not near Romar for the change of support/resistance.
5. TP is before the top of the range Fibs "0"

Trade Taken.

Hi all.

My first serious daily plan. I take forever to make it ( I am at work) I hope in future it will be quick thing to do. It takes me so long to do it :-) I take screen shots at the time I am making them because by the time I finish a lot can be changed :-)

Here we go:

Date: 10.01.2019 09:26 GMT LONDON SESSION

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - UP
Last EMA Alert Arrow - UP
Last DB Attachment - down 118.765
Fibo - up
Notes: Smoth crossed purple confirmig begining of reversal, consolidation in downtrend. PSAR eliminated as resistance. Fibo at 61.8 resistance line. Sar attached to yesterday's candle.

4 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
Notes: Very tight Romar ranging mode between Romar as resistance and PSAR holding support.

2 HR:
ROMAR - Support
EMA - Support
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment – 124.449
Fibo - down
Notes: All 4 horseman lining for downtrend. EMA at purple for the cross. PSAR just flip for downtrend holding the resistance.


1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Fibo - down
Notes: all 4 horseman in downtrend. Romar and fib 61.8 at support.

Final note: We are in consolidation H1 and H2 is pointing Down. Daily showing signs of reversal to far away to trend change. Although we can trade short or long I would not risk the long against H1 and H2 downtrend.

Entry:
Long:
Short: I would wait for the market to come back to PSAR and if it bounce of it and not flip again I would enter on the next opening H2 candle.

Notes for readjustments: 10:36 GMT EDIT: Seeing what is happenig I should be really aiming for the entry from any of the Resistance on the opening candle below 4 horseman EMA or PSAR.

I sold.

I am so embarrassed for posting this stupid daily plan. I don't know what I was doing :-) I even got the resistance and support wrong not mention about recognizing very tight ranging and underestimating the power of ROMAR as support on H2.

I know there is rule to not stop the trades but clearly my trade was very bad even if somehow I manage to get the pips on the end.

It showed me I need to study a bit more as I was not very confident with creating the plan.

Sorry guys for wasting your time (if you red it)

I shall come back later - hopefully bit more educated.

Please consider this post as a self evaluation.

Regards

I closed the deal five minutes before the red news +11 pips.
The deal was unsuccessful because of the daily schedule: the fourth candle did not balance with riders. Trade was against daily EMA (resistance).
And again from the consolidation center...

Result
+40 pips

Evaluation
The entry was at risk from start, because only the H2 standard Divergence was showing at the bottom so the hidden Divergence could have showed up (and it did) after a retrace to resistance and then back down pass the standard Divergence. And EMA Purple was at the crossing for the down plus the H2 Parabolic acting as resistance.
The entry could have been better.

Good Day,

Analysis on my first trading plan.

It took a long time, because it was caught in the ranging market, but eventually closed +40.
I thought my entry was justified, but if I look back at it, I could have waited for the pullback to the Bollinger bands. It would have been a safer and more secure entry.

My error, I did not close the order before the red news. It was an irresponsible risk although it worked in my favour (for now) I will not lapse to do that again.

Trading plan 11/01/2019
Economic news : CPI m/m, Core CPI m/m
Daily
ROMAR - resistance
EMA - resistance
Parabolic -
Last DB Attachment – down at 118,765
Last SAR Attachment – up at 124.889
Fibonacci – green. Purple crossed white and smooth. The candle over EMA opened. 61.8 fibo -125.26
H4
ROMAR - resistance
EMA -
Parabolic – resistance
Last DB Attachment –top at 125.080
Last SAR Attachment –top at 124.986
Fibonacci –red. Purple in white and EMA
H2
ROMAR – support
EMA – support
Parabolic- support
Checklist:
Last DB Attachment – top at 124.986
Fibonacci – red. Riders pointing up H1 ROMAR - support
EMA - - support
Parabolic- support
Fibo –red. Riders 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. 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.
Last DB Attachment up and I am looking for sales from resistance.
I plan to enter from the daily Fibo level 61.8 and romar H4

Yesterday there were red news: Fed Chair Powell Speak
USD

I think EURJPY can up to 127.000, so be careful with your sell

Session: January 10th, 2019 EUR/JPY.
Red News: GBP & USD (edited)

Daily
Romar: Resistance
EMA: Resistance
Parabolic: Support
EMA last arrow: UP, MACD: UP

H4
Romar: Resistance
EMA: Resistance
Parabolic: Resistance

H2
Romar: Support
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP

H1
Romar: Support
EMA: Support
Parabolic: Support

Daily (big picture) final note
The market opened above EMA resistance once again after EMA UP arrow followed by MACD UP arrow. The Parabolic flipped for the up but it is not set in stone, and Purple is getting closer for the EMA Purple cross.

H1 H2 H4 final note
H4 the market is between EMA support and Romar resistance, and the SAR is showing at the top on Romar / Parabolic resistance. H2 everything is pointing up with only the standard Divergence connected with the last DB attachment. H1 is in sync with H2

Market type
Ranging / Consolidation.

Projected entry
Use DB/SAR with the Divergences and FIBS to find confluences at support or resistance for an entry, if not wait for a breakout.

Hello Iris, I apologize for being rude.
Yes you are correct the rule stated to close the trade 5 minutes before the red news

As I have stated in my last tutorial – learning to trade is not about how much money you can make. That comes after you learn how to trade. First thing is first and that is learning.

The basic is very simple, First you pick a pair to trade (in which I had already done for you as for training). The reason for the E/J is because this pair has 3 sessions to choose from. You have the JPY, the EUR, and the USD. So this gives every trader in the world to pick a session that fits their location and hours of trading.

The second equation of this basic is creating a trading plan beginning from the session you pick. Now - here is something most traders do not know; and that is all pairs across the board begins a new data session at 17:00 EST each and every trading day. That is the time the exchange rate takes place with all currency in the forex market for the next 24 hours. And with the new data at 17:00 EST also wipes out all past history of data and begins a new data for the next 24 hours.

So what does this mean? To begin with you will receive either a plus or minus of the rate exchange in your account if you are in a trade at 17:00 EST; accordingly with the exchanged rate of the pair you are trading.

This also means if you are in a trade at 17:00 EST your trade data is no longer there; and this can very well cost you a trade if you are not in the right trade at the time of the exchange.. So it is very important not to be trading during a session that will take you into the time of the currency exchange; or – you close your trade prior to the 17:00 EST.

Now let's talk about closing trades manually:

Long term trading are for those who had achieved the status of the Elite. And then they begin a process of learning how to trade long term. Long term trading is not as easy as most traders think it is. The reason is because of ranging, swinging, consolidations, and various other reasons. It takes a special skill and a new set of rules in trading long term. It is learning how to enter and exit trades under the condition of a trend using strictly support and resistance. So on this thread there is no long term trading.

So the only trade you are allow to exit manually is 5 minutes prior the High Impact (Red) releases. The reason for this rule is learning how to enter a trade 8 hours prior to the release or after the release. 8 hours prior is learning how to judge the entry with the H4. That is giving you two 4 hour bars to see if you can enter a trade before the release and accumulate your 40 profit. If not – then you wait until after the release before entry. Your goal is learning how to take one 40 pip trade each and every trading day. If you have too close your trade because of a high impact release – then you are a loser.

The question I get often is how do you determine the Red releases for the pair you are trading? The answer is simple. If the pair you trade has the USD then the releases you are concern with is the USD and the other currency, such as USD/JPY, GBP/USD, or the EUR/USD. If you are trading any pair without the USD such as the EUR/JPY then you must include the USD for the releases. So with the E/J you have the EUR, the JPY, and the USD to keep tract of with the economic releases.

You have 3 impacts – Low, Medium, and High. With Low impact you very seldom have any movement in the market to worry about accept for the JPY. The JPY will use Low impact releases to move the market as much as 100 pips if they feel they needed income for their banks. You have to realize the market is never moved by traders. The Central Banks own and moves the Foreign Exchange market.

One thing have always learn when it comes to economic releases and that is; no-matter what happens on a release the ending is what counts. If the market is in a downtrend in the beginning of a release it will end in the downtrend. If the market is in an uptrend on a release then it will end in an uptrend. In other words; if the release was Red and pulls back from the trend 40 – 60 or 80 pips then it will return back into the trend and vice-versa.

Now lets talk about creating a trading plan. You traders are missing the boat. Creating a trading plan is easy. The problem is seeing what you had created. There are 3 trends on each chart and they are: ROMAR, EMA, and the Parabolic. Now think about that for a moment. Three trends and each one is both support and resistance depending of their location on any of the charts. And what is beautiful about these three trends is they run in sync from one chart to another. You have 4 charts with the Daily, The H4, The H2, and The H1. The H2 is your trading chart being mid-ship and the balance for the other three. If you follow the rules for counter-trading with a trend then you will always know which direction to trade. It is a MUST in seeing the big picture before you will ever make it with The Paradox. You have three trends on each chart and each one are deadly stoppers as resistance and support. Each of these trend indicators can place you in a ranging mode for days or even for weeks. You have ROMAR on one chart as resistance and on another chart you can have the Parabolic as support with a little as 40 or less pips between the two charts; and how many times have you pulled the trigger from center hoping for a WINNER? Too many times. What this is showing me is your traders are not learning or studying.

As I have said many times – The Paradox is about support, resistance, and trend. All you need to do is when you create your trading plan is be showing support and resistance along with the trend; and then recognize each one on each chart and you have a winner. Too many of you are followers creating some other's trading plan and not creating your own. I always say – get smart and learn in creating your own sense of achievement. Following someone else will only bring you down along with that other person.

Everyone have a great weekend.

"First thing is first and that is learning."
Thank you Dana in clarifying the difference of an image of the goal in making some cash and the way of making something count and bringing something forth of something that is significant and worthwhile.

Some real life humour about some learning how to learn.
In some ways... I see Trading as like the apprenticeships of olden times like... from when my Grandfather was a boy... There used to be a book called "When I was a Boy" from my grade one class when i was 5yrs old. Drove me nuts - couldn't read it. Took ages to learn how to read it & the Grandad in the story "knew everything" in that book, did things different from what the kid thought should be happening...like peer pressuring the kid to do chores of all things!! What a horrible Grandad - yes?! Anyway...took me almost a year to learn how to read that book. 12 pages i think. With one or at the most 2 sentences per page. Huge pictures!! I used to memorise what the book "said" by the "picture" on the page, & not by reading the words on the page (ie: shortcut). Almost all the other kids were 6-20 books ahead of me. Some had books 20-30 pages long!! I was on book 2. Felt like a complete dumbass "When I was a Boy". Then, after 6 weeks school holidays i had forgotten how to read "When I was a Boy" by the start of grade 2. Didn't practice during school holidays...So new teacher said i had to start again, WITH THE SAME BOOK I be thinking...."YOU SAY WHAT !!?? Really ??!! But i'm in grade 2 now, that's a grade 1 book !!??" How humiliating !! Teacher received a 6yr old face. 6yr old very good at them "puppy dog eyes" - you bet. In fact... the best kid that God has ever created or will ever create in being able to be doing them "puppy dog eyes". Melt every adults heart, every time. Didn't even know I was doing it. Was just a kid being a kid. Teacher cared too much for the future welfare of the 6 yr old but makes no mistake & implies "Do as you're told". 6 yr old got a lesson. I even had to go to the grade 1 room to get my book to read it when it was reading time. I was the only one that had to do that. How humiliating !! ROFL. I just be a
But anyway...

Back in the day, when my Grandpa was a boy...LOL...An apprenticeship was taught under the guidance of a tradesman over many years - without any pay. It was the tradesman who was doing the apprentice a favour by teaching them. You only started in getting paid when you knew how "to be" a tradesman....ie: when your training was complete.
I am sure the apprentices back then did the worked based upon doing a good job & successful completion of doing the hard yards first. Without shortcuts.

There is a difference between "copy - paste" or "parroting" a correct answer and the true understanding of actual "comprehension".

So i guess what I'm suggesting is people may have a choice in whatever their field of endeavour is - choose to do everything that the Elite do, or choose to be an Average Joe.

Hope this helps,
Joe