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The Paradox System

  • #15,241
  • Feb 4, 2019 6:29pm Feb 4, 2019 6:29pm
Quoting The-Force
Hello everyone and thank you Dove for your recent posts about the 23.6 and 61.8 of the Fibs. It was very impressive back on the Jan 30th how the market went down to H4 23.6 Sup and then back up to H2 23.6 Res and then down the market went! And also your post about the Daily balance @ 125.716. I don’t fully understand this yet but im not going to get hung up on it. Trading plan for 2019-02-24 News. Red news at 8am Daily; ROMAR- Res EMA- Sup PSAR- Sup EMA arrow- Up MACD arrow UP Fib- Green Notes; Consolidation with ROMAR Standard and hidden Divergence...
Short on the open of 0:00 bar, hit of H2 smooth with MACD arrow down. Bar opened under H1 PSAR. +20 pips to H2 23.6
The risk with this trade.
Daily ROMAR is back in the trading area for a hit. H2 purple hasn't crossed EMA. H2 could be a slider. I dont have 40 pips to Daily Purple. If the PSAR dosent flip on the next bar with EMA @ Purple it will be a loser. As im typing this I probably should have waited for the next bar to see what happens. I pulled the trigger so ill have to stick with it.
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  • #15,242
  • Feb 4, 2019 10:17pm Feb 4, 2019 10:17pm
Quoting SuchParadox
EURJPY Date: 05/02/19 News: USD News 3pm GMT Daily: ROMAR: Resistance EMA: Support PSAR: Support Checklist: Last MACD 0 crossing: up Lat EMA alert arrow: up Last DB attachment: up, 125.936, 20 pips from Romar resistance Fibo: green and up Notes: 4hm turned up, Romar resistance 45 pips away. Green divergence attached to the top of current daily bar. BB’s opening up. Daily in a consolidated uptrend , with Romar as resistance, 4hm as support. 4HR: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 crossing: up Last DB attachment: top,...
Entry: Took A sell once h2 ema down arrow alert popped up. With a new 2h bar open below the 4hm, with the confluence of h4 open below smooth and h1 open below ema. Tp is above romar support on h2.

Risk:

  1. We are still in a consolidated uptrend with the daily 4hm up, with tp just below daily white support.
  2. Market didn't hit daily romar resistance with yesterday's daily candle, and could make a move up to test it.
  3. h2 4hm are tight together meaning we could have a sideways consolidation with the ema slider turning back up.
  4. H2 psar hasnt flipped at the time of entry, and Sar attached at the low of a candle, could hold support.
  5. macd arrow before ema arrow, suggesting a potential steep retrace in the near future

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  • #15,243
  • Feb 5, 2019 1:46am Feb 5, 2019 1:46am
Trading plan 05/02/2019
Economic news : ISM Non-Manufacturing PM
Daily
ROMAR - resistance
EMA - support
Parabolic - support
Last DB Attachment –top at 125,936 (2Diver)
Fibonacci – green. Riders pointing up. BB is opened - exit from ranking. Market is balanced.
H4
ROMAR - support
EMA - support
Parabolic – support
Last DB Attachment –top at 125.936 (2 Diver)
Fibonacci – red. Purple crossed white
H2
ROMAR – support
EMA – resistance
Parabolic- resistance
Checklist:
Last DB Attachment –down at 125,479 (1 Diver)
Fibonacci – red.
H1
ROMAR - support
EMA - - resistance
Parabolic- resistance
Fibo –red. Riders pointing down 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.
The last candle opened below 23.6 fibo H2 (slider, the candle is open below the EMA)
- a good entry into sales (yesterday I described it in my trading plan). But at the next bar I will not be able to enter sales - there is no 40 points to the H2 romar. Too high risk of trading against the trend.
Either I will find a way, or I will make one...
  • #15,244
  • Edited 8:14am Feb 5, 2019 3:30am | Edited 8:14am
I went on sale according to the trading plan from the resistance of EMA H2 and EMA H1, fibo red 23.6 H2. TP on the romare H2.
Risks of my deal:
1. Parabolic H4 (eliminated with the intersection of the white and purple, but there is no intersection of the EMA and the purple for confirmation).
2. Romar H1 (it was already broken by the bar and we received a return to the EMA).
3. Daily purple, white.
Attached Image (click to enlarge)
Click to Enlarge Name: 05,02,19.JPG Size: 178 KB
Either I will find a way, or I will make one...
  • #15,245
  • Feb 5, 2019 8:56am Feb 5, 2019 8:56am
Close the deal 5 minutes before the red news +5 pips.
Result: the deal is lost. TP is not received.
Evaluation of trade: the H1 romar in a fusion with the purple day proved to be a strong resistance to the movement to the south. The market went to the side
Either I will find a way, or I will make one...
  • #15,246
  • Feb 5, 2019 8:59am Feb 5, 2019 8:59am
Quoting SuchParadox
{quote} Entry: Took A sell once h2 ema down arrow alert popped up. With a new 2h bar open below the 4hm, with the confluence of h4 open below smooth and h1 open below ema. Tp is above romar support on h2. Risk: We are still in a consolidated uptrend with the daily 4hm up, with tp just below daily white support. Market didn't hit daily romar resistance with yesterday's daily candle, and could make a move up to test it. h2 4hm are tight together meaning we could have a sideways consolidation with the ema slider turning back up. H2 psar hasnt flipped...
Update: I set my trade to break even plus spread 5 mins before High impact USD news as per the rules. Either break even or close a trade before news.
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  • #15,247
  • Feb 5, 2019 9:04am Feb 5, 2019 9:04am
Quoting SuchParadox
{quote} Update: I set my trade to break even plus spread 5 mins before High impact USD news as per the rules. Either break even or close a trade before news. {image}
B/E is not an option and you should know that.
The Dove - Forex Trainer
  • #15,248
  • Feb 5, 2019 9:09am Feb 5, 2019 9:09am
Quoting Lakers
{quote} Entry Long The Daily H2 H4 Parabolic trend is for the up going against the Daily Romar resistance. H1 H2 H4 Fibs Red, when the market is trending for the up the Fibs will be Red so the market can push Fibs Red '0' higher until the end of the trend and Red 23.6 is support when trending for the up. H2 SAR showing on 23.6 support confluence with H1 H4 23.6 support. TP is before Daily Romar resistance. {image}
Result
Lost, close 5 min the trade. But regardless the entry should have never been taken because of the risk.

What must happen before any entry at the 23.6 and the 61.8 can be taken? We must wait on the H2 for either a slider or a turn. My entry was really bad because with an open bar below Smooth the market can easily turn and break 23.6 if the next open bar doesn't go above Smooth.
What is the rule on the EMA Arrow and MACD Arrows? If the EMA arrow shows up followed by the MACD arrows then it could mean the start of a new move up or down. And my trade was at risk of that sequence to happen, because when I entered the EMA down arrows was already showing. And if MACD arrow was to followed after then the risk is even greater.

Yes Dana, with the visual you provided I understand clearly why this entry was at risk of a turn to break 23.6.
I really appreciated all your recent post, the Paradox is humbling me. It makes me realize I don't know as much as I think I do.
What's really hard, like you said is to stop being analytical and assuming things. And also to make all the indicators work together within the rules.

I have notice the other Traders writing the risk of their entry, that's a great idea (thx to The-Force). I will do as you suggested.
Thanks Dana.
  • #15,249
  • Feb 5, 2019 9:18am Feb 5, 2019 9:18am
Closed the trade 5 mins before red new.
I dont think Dove would have took this trade because the H2 red arrow didnt lock in, purple x smooth on the H1 and the H4 0:00 bar opened above smooth. Because of this I think the hit on H4 purple resistance would have been a better entry.
  • #15,250
  • Feb 5, 2019 9:20am Feb 5, 2019 9:20am
Quoting Lakers
{quote} Result Lost, close 5 min the trade. But regardless the entry should have never been taken because of the risk. What must happen before any entry at the 23.6 and the 61.8 can be taken? We must wait on the H2 for either a slider or a turn. My entry was really bad because with an open bar below Smooth the market can easily turn and break 23.6 if the next open bar doesn't go above Smooth. What is the rule on the EMA Arrow and MACD Arrows? If the EMA arrow shows up followed by the MACD arrows then it could mean the start of a new move up or down....
No Problem. Just start working in eliminating your analytical mind and let the Paradox do the thinking for you. I have been there and I know it is a very hard task to accomplish. But once you do you will find trading to be a lot easier.
The Dove - Forex Trainer
  • #15,251
  • Feb 5, 2019 9:24am Feb 5, 2019 9:24am
Quoting The-Force
Closed the trade 5 mins before red new. I dont think Dove would have took this trade because the H2 red arrow didnt lock in, purple x smooth on the H1 and the H4 0:00 bar opened above smooth. Because of this I think the hit on H4 purple resistance would have been a better entry.
Here was my entry:
Attached Image (click to enlarge)
Click to Enlarge Name: Lakers Entry 01-04-19_ENTRY SHORT.png Size: 65 KB

I waited for the open bar below Purple
The Dove - Forex Trainer
  • #15,252
  • Feb 5, 2019 9:33am Feb 5, 2019 9:33am
Quoting dove_alliance
{quote} B/E is not an option and you should know that.
Okay, Apologies Dana, I have closed the trade at +36 and consider it a Loss as market failed to hit the tp before red news.

Evaluation: This wasn't a very good trade in the moment as there we are still in the consolidated uptrend, And Even though there were some conflicts with the uptrend, it wasn't enough to push the market for a deep swing down, so I was caught between the h4 h4m and psar in a tight sideways movement. And following the news the market could have gone either way. The clues were there with the 4hm on h2 so close together and BB's closing in.
I feel my entry was also too risky with h2 psar still as support, especially with the daily moving up. In this scenario, next time I will wait for psar to reverse before considering counter trading the trend of the moment.

Dana I would appreciate any input from you regarding my trade. What do you think my biggest mistakes were?
  • #15,253
  • Feb 5, 2019 10:02am Feb 5, 2019 10:02am
Divergence is a big problem for most of you so I will give a an explanation of how both regular and hidden works.

The chart below is showing both the bottom and top with divergence and they both work the same. On the bottom you have showing where both the regular and hidden attached. A retrace takes place back into the Horsemen to bring out the hidden; you also have have the bottom of the Fibo at the retrace. You then have the market back into the trend and you have the hidden showing with the regular.at a new bottom Fibo. You never, ever counter-trade this pullback (retrace) as there is never a 40 trade in this kind of pullback. Your entry for the long is once you get an open bar above EMA.

On the top is the same accept when you are in an uptrend you need patience because you will experience bumps on the Fibo. And the bumps are usually not heavy but only a few pips. Once you get an open bar below EMA you can make an entry short.

If you are in the right trade you will get your 40 before the Fibo. Once you get the standard Fibo it is time to wait on the turn.

Any Questions?
Attached Image (click to enlarge)
Click to Enlarge Name: DIVERGENCE.png Size: 71 KB
The Dove - Forex Trainer
  • #15,254
  • Feb 5, 2019 10:06am Feb 5, 2019 10:06am
Quoting SuchParadox
{quote} Okay, Apologies Dana, I have closed the trade at +36 and consider it a Loss as market failed to hit the tp before red news. Evaluation: This wasn't a very good trade in the moment as there we are still in the consolidated uptrend, And Even though there were some conflicts with the uptrend, it wasn't enough to push the market for a deep swing down, so I was caught between the h4 h4m and psar in a tight sideways movement. And following the news the market could have gone either way. The clues were there with the 4hm on h2 so close together...
You took the same entry as I did - so there was nothing wrong with your trade. The only problem we had was the Red tag. If not for the release we would both had our 40.
The Dove - Forex Trainer
  • #15,255
  • Feb 5, 2019 10:18am Feb 5, 2019 10:18am
So my deal was good too? I got the same entry price, but in London...
Either I will find a way, or I will make one...
  • #15,256
  • Feb 5, 2019 10:22am Feb 5, 2019 10:22am
Quoting dove_alliance
Divergence is a big problem for most of you so I will give a an explanation of how both regular and hidden works. The chart below is showing both the bottom and top with divergence and they both work the same. On the bottom you have showing where both the regular and hidden attached. A retrace takes place back into the Horsemen to bring out the hidden; you also have have the bottom of the Fibo at the retrace. You then have the market back into the trend and you have the hidden showing with the regular.at a new bottom Fibo. You never, ever counter-trade...
"If you are in the right trade you will get your 40 before the Fibo. Once you get the standard Fibo it is time to wait on the turn."

Dana, I'm having difficulty understanding what you mean when you say "you will get your 40 before the Fibo", as in before the turn in the Fibo ?

And also "Once you get the standard Fibo it is time to wait on the turn", as in once we get the standard Divergence in the Fibo we wait for the turn?
  • #15,257
  • Feb 5, 2019 11:08am Feb 5, 2019 11:08am
Quoting Lakers
{quote} "If you are in the right trade you will get your 40 before the Fibo. Once you get the standard Fibo it is time to wait on the turn." Dana, I'm having difficulty understanding what you mean when you say "you will get your 40 before the Fibo", as in before the turn in the Fibo ? And also "Once you get the standard Fibo it is time to wait on the turn", as in once we get the standard Divergence in the Fibo we wait for the turn?
You always trade the trend which is also the Fibo trend (Red or Green). Taking a trade from the 0.0 is your projection as you create your trading plans. So wherever you place your trade you need 40 pips before the 100. If you no not have at least 40 pips to the 100 Fibo for an entry then you are at risk. That is what I meant by "you will get your 40 before the Fibo". And yes - standard Divergence in the Fibo.
The Dove - Forex Trainer
  • #15,258
  • Feb 5, 2019 11:17am Feb 5, 2019 11:17am
Quoting Iris2018
So my deal was good too? I got the same entry price, but in London...
Maybe - depending if the market gets below ROMAR for your target. You was short on your entry by a few pips. As you notice ROMAR is in an uptrend and moving higher/high from bar to bar. But - you have the H4 working for you on the downtrend with ROMAR lower then the H2 for a target.
The Dove - Forex Trainer
  • #15,259
  • Feb 5, 2019 11:39am Feb 5, 2019 11:39am
Sorry please sir for tactlessness.
I'm trying to understand your input. For me, he is still beyond comprehension. You entered from the nearest resistance (smooth H2), but you have EMA (support), parabolic (support) and the candle is open above the level of 23.6 fibo H2. Is it not a risk?
Either I will find a way, or I will make one...
  • #15,260
  • Feb 5, 2019 12:48pm Feb 5, 2019 12:48pm
Quoting Iris2018
Sorry please sir for tactlessness. I'm trying to understand your input. For me, he is still beyond comprehension. You entered from the nearest resistance (smooth H2), but you have EMA (support), parabolic (support) and the candle is open above the level of 23.6 fibo H2. Is it not a risk?
Everything you say is true. What I have been doing the last couple of weeks is teaching in how to use the Paradox Fibos. The Fibo is a very heavy support and resistance; especially off the 0.0 line. In this scenario you had the 23.6 hit and held for a pullback (retrace) back towards the 0.0 line. Because of the DB with Divergences at the 0.0 line you had a reversal in the makings. So - in order to get in for the reversal you had to wait for the right opportunity for the entry going short. That means the 4 Horsemen had to be in the set up for the entry; and the market must also rotate below Purple.

If you notice mine and The-Force entries you will see the set up for the short that I am speaking about. You had White/Smooth crossed Purple; an open bar below Purple with EMA just below the entry and the Parabolic in position for a flip. Now - if I had waited for an open below EMA I would not had taken the trade because of ROMAR support. If ROMAR was traveling through downtown central (at Purple) then I would had waited on EMA for the entry. But I already knew what was happening because of the Fibo with DB/Divergence - so all I needed was with the opening below Purple to take entry.

The exact same scenario is on the bottom of the Fibo and this is the ONLY TIME you can use Purple for an entry which is off the Fibo reversal.

I hope this helps you.
The Dove - Forex Trainer
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