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The Paradox System

  • #15,421
  • Feb 19, 2019 5:39pm Feb 19, 2019 5:39pm
Attitude is everything.

If you are not willing to learn to be a great trader you will not make money trading. Move on to a different vocation.

Quoting dove_alliance
Like I have said many times - trading is not about making money. It is about learning the skill of being a trader. When you start looking for short-cuts and making excuses is when you get into trouble. After you have gain the skill of a trader is when you can start thinking about the money.
Quoting Clip75
{quote} So are you basically saying check our motives and if becoming a great trader isn't in them then move on correct? Last night although my trade lost I made a plan, stuck with it and at the end of it I evaluated and realized my mistake, learned from it and felt it was successful due to that. These are the correct steps and not panic and get out right?
[quote=dove_alliance;9371075]{quote} Pretty much so. A lot of new traders come into the forex thinking only about getting rich; not realizing the forex is a Trojan in the wake of taking everything they got. There are traders on this forum that has been here for a decade or more still trying to find a way of getting rich - jumping from one system to another in the hunt for the "holy grail". Not realizing the holy grail lies within themselves if only they learn the skills of becoming a trader. There is no easy way of becoming financially stable in the forex unless you dedicated yourself into reality that the forex is an education of learning the true skills of a trader. Attitude is everything. [/quote]
Mark ... Everything you have been told is a LIE
  • #15,422
  • Feb 19, 2019 5:42pm Feb 19, 2019 5:42pm
EURJPY Date: 20/02/19
News: USD News 7pm GMT

Daily:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:

Last MACD 0 crossing: up
Lat EMA alert arrow: up
Last DB attachment: top, 125.527
Fibo: Red and down

Notes: Romar down, 4hm turning up with purple/ema cross. Db/Sar together at the top with Standard Divergence. Romar resistance Currently 40 pips away with market resting at 23.6 fibo.

4HR:

ROMAR: Support
EMA: Support
PSAR: Support
Checklist:

Last MACD 0 crossing: up
Last DB attachment: up, 125.527,
Fibo: Red and down

Notes: 4hm turned up, as market makes higher highs, with purple in an ema slider back up. We have magenta tag at the top with both divergence and a double top from the las DB high.


2HR:
Opening Price: 125.430
ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 crossing: up
Lat EMA alert arrow: up
Last DB attachment: same as h4
Fibo: red and down

Notes: Romar uptrend, with 4hm turned up and BB’s opened up.
1HR:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 crossing: up
Lat EMA alert arrow: up
Fibo: red and down

Notes: h1 turned up. BB’s Opened Wide.


Final Notes: h1 up, h2 turned up, h4 up and daily consolidating up. We are in a consolidated uptrend. With the daily Romar keeping us in consolidation for a full uptrend.

Projected entry: I will look to go long from support. Ideal entry would be at h4 23.6 heading for Daily Romar resistance, or A Sar attachment on h2 with a retrace to support for an entry back up. Unless anything changes.
  • #15,423
  • Feb 19, 2019 7:17pm Feb 19, 2019 7:17pm
Quoting SuchParadox
EURJPY Date: 20/02/19 News: USD News 7pm GMT Daily: ROMAR: Resistance EMA: Support PSAR: Support Checklist: Last MACD 0 crossing: up Lat EMA alert arrow: up Last DB attachment: top, 125.527 Fibo: Red and down Notes: Romar down, 4hm turning up with purple/ema cross. Db/Sar together at the top with Standard Divergence. Romar resistance Currently 40 pips away with market resting at 23.6 fibo. 4HR: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 crossing: up Last DB attachment: up, 125.527, Fibo: Red and down Notes: 4hm turned up, as...
Entry: Market went up to Daily Romar Resistance. Took a short as close to resistance, for 40/40 .
Tp Above ema support on h2.

Risk:

  1. Counter Trend trade Against trend of the moment.
  2. Market still making higher highs with the db/sar moving together.
  3. tp just below 23.6 on daily.
  4. Entered at open candle midway through its cycle.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 115 KB
  • #15,424
  • Feb 19, 2019 8:10pm Feb 19, 2019 8:10pm
OK - here is my trade for today.

This first screen shot is showing the H2 DB/SAR attached with Divergence. Looking at the other three charts I see each of the three matching Red fibos across the board. But in this visual the Daily Top at 0.0 is more than 40 pip for an entry. Also the visual is showing a full bloom trend on the three trading charts. What I would need is the H2 balance with Purple on the H2 for an entry going long..

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2_SR 1.png Size: 71 KB


At 17:00 ET I have Purple holding support and the market balance for the entry going long.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2_SR 2.png Size: 67 KB


Fibos Red and Full Blown for the uptrend.

H1:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1_SR 2.png Size: 51 KB


H4:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4_SR 2.png Size: 82 KB


The Daily 0.0 is being hit and profit taken;

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily_TOP.png Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2_SR PROFIT.png Size: 65 KB


Again traders - all about support and resistance.
The Dove - Forex Trainer
  • #15,425
  • Feb 19, 2019 8:13pm Feb 19, 2019 8:13pm
You have an hour and 45 minuted before the H4 finishes up for the top.
The Dove - Forex Trainer
  • #15,426
  • Feb 19, 2019 9:27pm Feb 19, 2019 9:27pm
Quoting SuchParadox
{quote} Entry: Market went up to Daily Romar Resistance. Took a short as close to resistance, for 40/40 . Tp Above ema support on h2. Risk: Counter Trend trade Against trend of the moment. Market still making higher highs with the db/sar moving together. tp just below 23.6 on daily. Entered at open candle midway through its cycle. {image}
Some major rules being broken there; especially on a full blown trend.
The Dove - Forex Trainer
  • #15,427
  • Feb 19, 2019 10:58pm Feb 19, 2019 10:58pm
Again Dove, thank you so much for your time and effort on the tutorial for a Romar Slider. Looking forward to the Variables tutorials.
Anne
  • #15,428
  • Feb 20, 2019 1:26am Feb 20, 2019 1:26am
Trading plan 20/02/2019
Economic news : FOMC Meeting Minute
Daily
ROMAR - resistance
EMA - support
Parabolic - support
Last DB and SAR Attachment –down at 125,926 (1Diver)
Fibonacci – red. Riders pointing up. MACD up.
H4
ROMAR – support
EMA - support
Parabolic – support
Last DB Attachment –up at 125.926 (2 Diver)
Fibonacci – red. Riders pointing up.
H2
ROMAR –support
EMA – support
Parabolic - support
Checklist:
Last DB Attachment –up at 125.926 (2 Diver)
Fibonacci –red. Riders pointing up.
H1
ROMAR – support
EMA - - support
Parabolic- support
Fibo –red. Purple in white
Consolidation.
I'm looking for sales. I have a resistances – Romar Daily and SAR with DB on fibo 0.
For safe entry, I need intersection of purple and white (to eliminate parabolic) and a candle open below 23.6 fibo (on H2 and H4, these levels are the same). TP must be before Romar.
I consider purchases from a powerful merger of supports (H2 romance, H4 parabolic, EMA daytime)
Either I will find a way, or I will make one...
  • #15,429
  • Feb 20, 2019 1:59am Feb 20, 2019 1:59am
Quoting dove_alliance
{quote} Some major rules being broken there; especially on a full blown trend.
Yes Dana I see my mistakes however I thought the daily Romar was the next resistance but market broke right through.
And even though we are consolidating up. Daily Romar being resistance means we can trade with the variables for consolidation right?

Is there a situation or rule that allows us to Trade against it. For example in this case your goal was the 0.0 fibo on daily, how did you know Romar would be surpassed.

If I had confidence to trade against it, I would have entered on the new daily candle with my 40 being just above it.

Any advice would be appreciated
  • #15,430
  • Edited 4:41am Feb 20, 2019 2:04am | Edited 4:41am
Dove,
You taught us not to take a trade if there weren't 40 pips to the top of the fibo's. I believe the quote was "if you can't see your tp on the screen, do not take the trip". This entry you took long was very close to the top. It is still not a full blown uptrend as ROMAR is still resistance on D1. How do you know it will break the red fibos? Thank you for your answer and God bless.
  • #15,431
  • Feb 20, 2019 4:21am Feb 20, 2019 4:21am
Quoting irod22
Dove, You taught us not to take a trade if there weren't 40 pips to the top of the fibo's. I believe the quote was "if you can't see your tp on the screen, do not take the trip". This entry you took long was very close to the top. It is still not a full blown uptrend as ROMAR is still resistance on D1. How do you know it will break the red fibos. Thanks you for your answer and God bless.
Hi Irod,

Dove said this at the beginning of his tutorial

"On this tutorial I have taken this week showing my trades. Each entry are for 40 with TP/SL of 40 each using the H2 and H4 charts with the Daily as reference. My trading style is long term with a projected 200+ pips weekly. But for this week I will be trading only 40 each entry so you can see how it should work for each of you. Also I may be taking several 40 trades in breaking the rules without a trading plan as to catch the scenarios as they happen.

So just focus perhaps on his points of the tutorial.
Kind regards
Anne
  • #15,432
  • Feb 20, 2019 4:49am Feb 20, 2019 4:49am
Quoting robnanne
{quote} Hi Irod, Dove said this at the beginning of his tutorial "On this tutorial I have taken this week showing my trades. Each entry are for 40 with TP/SL of 40 each using the H2 and H4 charts with the Daily as reference. My trading style is long term with a projected 200+ pips weekly. But for this week I will be trading only 40 each entry so you can see how it should work for each of you. Also I may be taking several 40 trades in breaking the rules without a trading plan as to catch the scenarios as they happen. So just focus perhaps on his...
The question was for Dove.
Kind regards,
Isel
  • #15,433
  • Feb 20, 2019 6:03am Feb 20, 2019 6:03am
After breaking through the daytime romar (resistance), I expect a rollback to support (EMA, riders of the day). Trading schedule H2. I'm looking for signs of reversal on it. At 0 we have two divergences. Consolidation over 8 hours. Then purple in white (eliminates parabolic) and the opening of the candle below the smoothie. TP my up to the purple daytime and the romare H2, H4 and to parabolic H4. The SL is hidden behind the daytime romar. For a safer entrance it was necessary to wait for the candles below the EMA and the level of 23.6 fibo, but again I am in a hurry ... Besides, the TP would be in danger (beyond the purple daylight and parabolic H4. I went on sale
Attached Image (click to enlarge)
Click to Enlarge Name: 20,02,19.JPG Size: 184 KB
Either I will find a way, or I will make one...
  • #15,434
  • Feb 20, 2019 8:32am Feb 20, 2019 8:32am
Quoting irod22
Dove, You taught us not to take a trade if there weren't 40 pips to the top of the fibo's. I believe the quote was "if you can't see your tp on the screen, do not take the trip". This entry you took long was very close to the top. It is still not a full blown uptrend as ROMAR is still resistance on D1. How do you know it will break the red fibos? Thank you for your answer and God bless.
I also taught you about sync and this quote: "You taught us not to take a trade if there weren't 40 pips to the top of the fibo's". The sync for the Fibos on all charts were lacking with the Daily for about 50 pips. So you need to refresh yourself on "syncs".
The Dove - Forex Trainer
  • #15,435
  • Feb 20, 2019 9:09am Feb 20, 2019 9:09am
Quoting SuchParadox
{quote} Yes Dana I see my mistakes however I thought the daily Romar was the next resistance but market broke right through. And even though we are consolidating up. Daily Romar being resistance means we can trade with the variables for consolidation right? Is there a situation or rule that allows us to Trade against it. For example in this case your goal was the 0.0 fibo on daily, how did you know Romar would be surpassed. If I had confidence to trade against it, I would have entered on the new daily candle with my 40 being just above it. Any advice...
Just like I answered Irod22 below. The sync on all 4 charts was above the Daily ROMAR for the Fibos. And my posting below your entry had explained it on the visual with the Daily. So it was there to see, and you missed it.
The Dove - Forex Trainer
  • #15,436
  • Feb 20, 2019 9:26am Feb 20, 2019 9:26am
Quoting irod22
Dove, You taught us not to take a trade if there weren't 40 pips to the top of the fibo's. I believe the quote was "if you can't see your tp on the screen, do not take the trip". This entry you took long was very close to the top. It is still not a full blown uptrend as ROMAR is still resistance on D1. How do you know it will break the red fibos? Thank you for your answer and God bless.
"It is still not a full blown uptrend as ROMAR is still resistance on D1." That is were you are wrong when it comes to the 3 trading charts. They were in full bloom uptrend.
The Dove - Forex Trainer
  • #15,437
  • Feb 20, 2019 9:31am Feb 20, 2019 9:31am
Quoting irod22
Dove, You taught us not to take a trade if there weren't 40 pips to the top of the fibo's. I believe the quote was "if you can't see your tp on the screen, do not take the trip". This entry you took long was very close to the top. It is still not a full blown uptrend as ROMAR is still resistance on D1. How do you know it will break the red fibos? Thank you for your answer and God bless.
"if you can't see your tp on the screen, do not take the trip". Again - the entry visual was on the Daily chart. I believe that takes care of all your quotes on the rules.
The Dove - Forex Trainer
  • #15,438
  • Feb 20, 2019 9:40am Feb 20, 2019 9:40am
Quoting dove_alliance
{quote} Iris - this is the second time you had posted an entry chart without a trading plan. Don't let it happen again.
Edit: My Mistake -- I do see your trading plan. Sorry, my mistake.
The Dove - Forex Trainer
  • #15,439
  • Feb 20, 2019 9:45am Feb 20, 2019 9:45am
Sorry teacher, BUT I NEVER BREAK THIS RULE. Every day I make a trading plan before the opening of London. And today I did it too
Either I will find a way, or I will make one...
  • #15,440
  • Feb 20, 2019 9:46am Feb 20, 2019 9:46am
Thank you teacher
Either I will find a way, or I will make one...
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