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Attachments: The Paradox System
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The Paradox System

  • #16,321
  • Edited 6:44pm Jul 31, 2019 6:10pm | Edited 6:44pm
EUR/JPY
Date: 7.31.19 Wednesday

Daily Open:121.114
Previous Day High: 121.37
Previous Day Low: 120.872

Daily:
ROMAR – Resistance
EMA – Resistance previous day opened above ema
PSAR - Resistance

Check List:
Fibo Green
Last MACD ‘0’ up
Last EMA arrow down
Last DB Attachment 120.040
Last SAR Attachment 121.37
Lower BB edging down
Both Divergences attached at green tag

Notes: The trend is continuing south. Daily EMA slider in the making with Purple/White nearing a cross. Red EMA arrow showing.

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
BB opening wide
Both Divergences attached

Check List
Fibo Red under 61.8
Last DB Attachment 120.339
Last SAR Attachment 121.37

Notes: The H4 horseman are coming into play beneath ROMAR

2 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Fibo is Green
Last MACD ‘0’ arrow down
Last EMA arrow down
Last DB Attachment 120.339
Last SAR Attachment 121.37
BB are opening wide
Regular Divergence attached

Notes: The H2 horseman are coming into play beneath ROMAR

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

Check List:
Fibo Red
Last MACD ‘0’ down
Last EMA arrow down


Entry notes:
Wait for retrace then short into trend revealing hidden divergence.


Projected Entry: Short
candy is dandy but liquor is quicker
  • #16,322
  • Jul 31, 2019 6:30pm Jul 31, 2019 6:30pm
Quoting dove_alliance
{quote} When you assume with the Paradox is when you lose. You need to go back and study.
Agreed. Thank you for your feed back.
candy is dandy but liquor is quicker
  • #16,323
  • Jul 31, 2019 7:19pm Jul 31, 2019 7:19pm
NEWS No high impact news today

DAILY CHART - DATE: 1st August 2019


ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Down
Last DB Attachment Low
Fibo up or down Up
NOTES: SAR attached high two bars ago. Market retraced.




4 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow
Last DB Attachment Low
Fibo up or down Down
NOTES: DB attached with Thistle box and both Divergences.



2 HOUR CHART:

Opening Price: 120.406
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low
Fibo up or down Up
NOTES: DB attached at 0.0 Fib with LG price box. Market retracing. BB’s expanding. Std divergence attached with DB




1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Up
Last DB Attachment N/A
Fibo up or down Up
NOTES: Downtrend but MACD bars shortening



NOTES (All four charts):
Trading Chart (Trend, Swing, Consolidation) Market is in downtrend but Fibs
Have flipped on H1 and H2. Std divergence attached on H2
And market retracing.

Entry: Wait for retrace (to bring out Hidden Divergence) on H2
Then go short with the trend.

Just read Humlux’s notes – promise I didn’t copy them – read them after I wrote my plan.
We just both came to the same conclusion.
  • #16,324
  • Jul 31, 2019 7:22pm Jul 31, 2019 7:22pm
Quoting downunderfx
NEWS No high impact news today DAILY CHART - DATE: 1st August 2019 ROMAR: Resistance EMA: Resistance Parabolic: Resistance Check List: Last MACD 0 Crossing Up Last EMA Alert Arrow Down Last DB Attachment Low Fibo up or down Up NOTES: SAR attached high two bars ago. Market retraced. 4 HOUR CHART: ROMAR: Resistance EMA: Resistance Parabolic: Resistance Check List: Last MACD 0 Crossing Down Last EMA Alert Arrow Last DB Attachment Low Fibo up or down Down NOTES: DB attached with Thistle box and both Divergences. 2 HOUR CHART: Opening Price: 120.406...
You need to finish up your last trade in which you lost BEFORE YOU CAN POST ANOTHER TRADING PLAN!
The Dove - Forex Trainer
  • #16,325
  • Jul 31, 2019 7:59pm Jul 31, 2019 7:59pm
Quoting djiminova
PAIR: EURJPY RED NEWS: JPY NEWS DAILY: ROMAR: RESISTANCE EMA: RESISTANCE PSAR: RESISTANCE(eliminated) NOTE: we have green 23 fibo as support,ema and macd arrows for up, 38 green fibo as resistance,smooth and white crossed purple for a swing up H4: ROMAR:RESISTANCE EMA:SUPPORT PSAR: SUPPORT(not set on stone) NOTE: horsemen in a full blown uptrend with red 23 fibo as support,standard and hidden divergence attached top with 0.0 red fibo as resistance H2: ROMAR:SUPPORT EMA:SUPPORT PSAR:SUPPORT NOTE: horsemen in an fullblown uptrend we have BB's opening...
SL was hit. resistance had all the power.over-looked daily Sar attached at psar and also it relation to DB.From my last trade plan,i was warned of fibo 23.6 and 61.8 levels as powerful market stoppers .as stated "When you assume with the Paradox is when you lose".also i have noted when taking a position i'm biased to one side long or short,my plan lacked the short scenario. i need to ensure i always have the two scenario's covered on my plan so as to eliminate bias. any crituque is always welcome
  • #16,326
  • Jul 31, 2019 8:37pm Jul 31, 2019 8:37pm
Quoting djiminova
{quote}SL was hit. resistance had all the power.over-looked daily Sar attached at psar and also it relation to DB.From my last trade plan,i was warned of fibo 23.6 and 61.8 levels as powerful market stoppers .as stated "When you assume with the Paradox is when you lose".also i have noted when taking a position i'm biased to one side long or short,my plan lacked the short scenario. i need to ensure i always have the two scenario's covered on my plan so as to eliminate bias. any crituque is always welcome
I was wondering what you was doing going long with your trade? Especially with resistance having the power with the H2 and the Daily charts. DB/SAR on the H2 and the SAR/Parabolic on the Daily. Believing in what you are seeing is the true secret of beating the market. The open bar on the Daily at the Parabolic was your ticket for the entry going short.

Most traders create their trading plan and DO NOT study their plan before entry. They lack the vision of seeing everything and put it all together before the big picture is established. And that is especially true with the Daily chart. On your trading plan you had the Daily Parabolic eliminated but in truth - the Parabolic was not eliminated because EMA was in a slider right under the Parabolic. If you do not see the big picture you will not make it. A trading plan is a visual on ALL THE CHARTS.
The Dove - Forex Trainer
  • #16,327
  • Jul 31, 2019 8:46pm Jul 31, 2019 8:46pm
Quoting dove_alliance
{quote} You need to finish up your last trade in which you lost BEFORE YOU CAN POST ANOTHER TRADING PLAN!
Sorry Dove, I thought I had.
No trade yesterday.
Last trade was on the 29th which was a loser and I posted an assessment on the 30th. Post 16,316. Please let me know if I need to do more.
  • #16,328
  • Jul 31, 2019 8:53pm Jul 31, 2019 8:53pm
Quoting downunderfx
{quote} Sorry Dove, I thought I had. No trade yesterday. Last trade was on the 29th which was a loser and I posted an assessment on the 30th. Post 16,316. Please let me know if I need to do more.
The Problem is you did not post no trade and the reason why. You cannot leave a trading plan open after 24 hours. This is not only for your self-evaluation posting but also for your records. You did the same the day before. I just let that one ride. If you do not make a trade in a 24 hour period then close your plan with a posting with a reason why. OK - OK
The Dove - Forex Trainer
  • #16,329
  • Jul 31, 2019 9:07pm Jul 31, 2019 9:07pm
Quoting dove_alliance
{quote} The Problem is you did not post no trade and the reason why. You cannot leave a trading plan open after 24 hours. This is not only for your self-evaluation posting but also for your records. You did the same the day before. I just let that one ride. If you do not make a trade in a 24 hour period then close your plan with a posting with a reason why. OK - OK
Ah, OK, thanks.
Assessment to follow.
  • #16,330
  • Jul 31, 2019 9:14pm Jul 31, 2019 9:14pm
Quoting downunderfx
NEWS No high impact news today DAILY CHART - DATE: 31st July 2019 ROMAR: Resistance EMA: Resistance Parabolic: Support Check List: Last MACD 0 Crossing Up Last EMA Alert Arrow Up Last DB Attachment Low Fibo up or down Up NOTES: SAR attached at 38.2 Fib resistance yesterday’s bar. Parabolic flipping on today’s bar. EMA approaching Purple. Market at Purple between 23.6 and 38.2 Fibs. 4 HOUR CHART: ROMAR: Resistance (and Support) EMA: Support Parabolic: Support Check List: Last MACD 0 Crossing Down (current bar) Last EMA Alert Arrow Last DB Attachment...
No trade, market remained between H2 ROMAR support and H2 Parabolic resistance. I'd closed for the night when the market broke below the H2 ROMAR. Entry was at the open bar with H2 ROMAR at Purple.
  • #16,331
  • Jul 31, 2019 9:45pm Jul 31, 2019 9:45pm
Quoting downunderfx
{quote} No trade, market remained between H2 ROMAR support and H2 Parabolic resistance. I'd closed for the night when the market broke below the H2 ROMAR. Entry was at the open bar with H2 ROMAR at Purple.
Very good - and a good reason for not taking a trade especially below ROMAR was taking you into the Red Tags.
The Dove - Forex Trainer
  • #16,332
  • Jul 31, 2019 10:57pm Jul 31, 2019 10:57pm
Quoting dove_alliance
{quote} I was wondering what you was doing going long with your trade? Especially with resistance having the power with the H2 and the Daily charts. DB/SAR on the H2 and the SAR/Parabolic on the Daily. Believing in what you are seeing is the true secret of beating the market. The open bar on the Daily at the Parabolic was your ticket for the entry going short. Most traders create their trading plan and DO NOT study their plan before entry. They lack the vision of seeing everything and put it all together before the big picture is established. And...
Thankyou sir
  • #16,333
  • Aug 1, 2019 3:08am Aug 1, 2019 3:08am
Quoting downunderfx
NEWS No high impact news today DAILY CHART - DATE: 1st August 2019 ROMAR: Resistance EMA: Resistance Parabolic: Resistance Check List: Last MACD 0 Crossing Up Last EMA Alert Arrow Down Last DB Attachment Low Fibo up or down Up NOTES: SAR attached high two bars ago. Market retraced. 4 HOUR CHART: ROMAR: Resistance EMA: Resistance Parabolic: Resistance Check List: Last MACD 0 Crossing Down Last EMA Alert Arrow Last DB Attachment Low Fibo up or down Down NOTES: DB attached with Thistle box and both Divergences. 2 HOUR CHART: Opening Price: 120.406...
Market hit resistance at EMA on H2.
Entered short with open bar beneath Smooth (also Purple which is in a slider with White)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
on H2.
Also just noticed disconnect on Daily with DB and SAR - they will need to connect at a lower low.
  • #16,334
  • Aug 1, 2019 5:13am Aug 1, 2019 5:13am
Quoting humlux
EUR/JPY Date: 7.31.19 Wednesday Daily Open:121.114 Previous Day High: 121.37 Previous Day Low: 120.872 Daily: ROMAR – Resistance EMA – Resistance previous day opened above ema PSAR - Resistance Check List: Fibo Green Last MACD ‘0’ up Last EMA arrow down Last DB Attachment 120.040 Last SAR Attachment 121.37 Lower BB edging down Both Divergences attached at green tag Notes: The trend is continuing south. Daily EMA slider in the making with Purple/White nearing a cross. Red EMA arrow showing. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance...
I am short the market. Target lower BB. Smoothe holding the market down while white/purple is in for the crossing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 52 KB
candy is dandy but liquor is quicker
  • #16,335
  • Aug 1, 2019 6:09am Aug 1, 2019 6:09am
Quoting downunderfx
{quote} Market hit resistance at EMA on H2. Entered short with open bar beneath Smooth (also Purple which is in a slider with White){image} on H2. Also just noticed disconnect on Daily with DB and SAR - they will need to connect at a lower low.

candy is dandy but liquor is quicker
  • #16,336
  • Aug 1, 2019 7:57am Aug 1, 2019 7:57am
Quoting humlux
{quote} I am short the market. Target lower BB. Smoothe holding the market down while white/purple is in for the crossing. {image}
Evaluation:

TP hit +40. I am pleased but disappointed with my entry. I struggled with using H1 purple/smoothe as reference which would have been an entry at H2 EMA. Condisdering the resistances of the 61.8 Fibo, ROMAR, Parabolics and EMA, this should have been my entry. It is difficult to know. At the very least a compromise with a return H2 touch on Smoothe should have been considered. It is difficult to know.
Now is the time to recover emotionally.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 53 KB
candy is dandy but liquor is quicker
  • #16,337
  • Aug 1, 2019 9:12am Aug 1, 2019 9:12am
This is a problem of traders seeing an entry before the fact and not take it. You have two traders seeing a pullback for an entry to bring out the Hidden Divergence. In this scenario the pullback is to resistance which are three elements: Smooth, EMA, and the Parabolic with no Red Tags until 10:00 this morning with the USD. But yet - no-one pulled the trigger; accept for me off Smooth.

The trend is down on all charts with ROMAR; the H2, H4, and Daily with EMA/Parabolic showing down. The H1 is showing the SAR on top for a short with the same as the Daily. The Standard Divergence is on the bottom with the three trading charts to bring out the Hidden Divergence. So the big Picture is an entry short to create a new bottom on the Daily.

Very simple traders in seeing the visuals. It is all there in seeing what is going to happen before it even happens with each chart. That is the Paradox being 100% correct at all times.
The Dove - Forex Trainer
  • #16,338
  • Aug 1, 2019 9:14am Aug 1, 2019 9:14am
Quoting humlux
{quote} Evaluation: TP hit +40. I am pleased but disappointed with my entry. I struggled with using H1 purple/smoothe as reference which would have been an entry at H2 EMA. Condisdering the resistances of the 61.8 Fibo, ROMAR, Parabolics and EMA, this should have been my entry. It is difficult to know. At the very least a compromise with a return H2 touch on Smoothe should have been considered. It is difficult to know. Now is the time to recover emotionally. {image}
You was late with your entry - it should had been off Resistance.
The Dove - Forex Trainer
  • #16,339
  • Aug 1, 2019 9:16am Aug 1, 2019 9:16am
Quoting downunderfx
{quote} Market hit resistance at EMA on H2. Entered short with open bar beneath Smooth (also Purple which is in a slider with White){image} on H2. Also just noticed disconnect on Daily with DB and SAR - they will need to connect at a lower low.
You too - late with your entry - it should had been off Resistance.
The Dove - Forex Trainer
  • #16,340
  • Aug 1, 2019 9:17am Aug 1, 2019 9:17am
Quoting humlux
{quote} Evaluation: TP hit +40. I am pleased but disappointed with my entry. I struggled with using H1 purple/smoothe as reference which would have been an entry at H2 EMA. Condisdering the resistances of the 61.8 Fibo, ROMAR, Parabolics and EMA, this should have been my entry. It is difficult to know. At the very least a compromise with a return H2 touch on Smoothe should have been considered. It is difficult to know. Now is the time to recover emotionally. {image}
You have a big, big problem. The H1 IS NOT A TRADING CHART.
The Dove - Forex Trainer
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