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Attachments: The Paradox System
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The Paradox System

  • #16,361
  • Aug 4, 2019 7:01pm Aug 4, 2019 7:01pm
EUR/JPY
No Red news forecast

Calendar Date 8.4.19 Sunday
Trading Date: 8.5.19 Monday
No Red News Forecast

Daily Open: 118.364
Previous Day High: 119.093
Previous Day Low: 118.252

Daily:
ROMAR – Resistance
EMA – Resistance previous day open below EMA
PSAR - Resistance

Check List:
Fibo Green near 0
Last MACD ‘0’ down
Last EMA arrow down
Last DB Attachment 118.252
Last SAR Attachment 118.252
Lower BB pointing down
Both Divergences attached at 118.252

Notes:

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
BB opening wide top pointing down
Both Divergences attached 118.252

Check List
Fibo green near 0
Last DB Attachment 118.252
Last SAR Attachment 121.37

Notes:

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

Check List:
Fibo is green near 0
Last MACD ‘0’ arrow up
Last EMA arrow down
Last DB Attachment 118.843
Last SAR Attachment 118.252
BB are open but beginning to close in
Both Divergences attached 118.252

Notes:

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

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


Entry notes:

Full down trend on all charts. . Market hit the daily lower BB Friday. The H1 BB is showing a squeeze. The H2 BB is beginning to close. The daily SAR is attached at 118.252 along with both Divergences. All charts show both divergences attached with DB but only Daily and H2 has SAR rejoined with DB from the top. Fibo is positioned for the UP on all charts. The Daily is +100 pips from Purple. Daily white/smoothe has crossed. There is no Red news forecast.

The Daily hit on the lower BB Friday with DB,SAR, both divergences attached and all fibos green; all confluence for an up but the H2 is my trading chart. A parabolic flip is needed to consider a long for a reversal.

The H2 is my trading chart. 23.6 and 61.8 are heavy support/resistance on all charts. Trade only one way during this trend until one of the charts allows for trading both ways.

Projected Entry: Trade off resistance back into trend. Consider long on an H2 parabolic flip for the reversal.
candy is dandy but liquor is quicker
  • #16,362
  • Aug 4, 2019 7:09pm Aug 4, 2019 7:09pm
Yes I have known of HFT for some years and studied it in a very small way, analytically of course as used to be my "go to" habit . Aren't life lesson's so much fun.
The methods employed and the hardware used are very astounding and for myself, found it obscurely unsettling. And that is when I moved on from any further study of HFT. It is indeed remarkable that despite the HFT short term gains made, gravity will still exist for all traders regardless of HF Traders - and The Paradox shows the path to take.
As for internet speed, I have been told of a successful trader that is stuck almost in the middle of nowhere who only has and uses dial-up internet.
If you make up your own rules then the story is sad.....
  • #16,363
  • Aug 4, 2019 8:23pm Aug 4, 2019 8:23pm
NEWS No high impact news today

DAILY CHART - DATE: 5th August 2019


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: Market at 0.0 Fib. and lower BB (which is expanding). DB, SAR, Std and
Hidden Divergence all attached together at 0.0 Fib. 4 HM in strong downtrend. Market hasn’t moved down for last 24hrs. Market 85 pips
Below Purple.


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 Up
NOTES: DB/SAR Std and Hidden Divergence all attached at 0.0 Fib.
4HM: White crossed Purple. MACD bars shortening.



2 HOUR CHART:

Opening Price: 118.312
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: DB, SAR Std and Hidden Divergence all attached together at 0.0Fib
4HM in shallow downtrend, Smooth, White and Purple very tight.
BB’s narrowing.

1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Down
Last DB Attachment N/A
Fibo up or down Up
NOTES: Market flat, BB’s running horizontally. Purple, White and Smooth
practically on top of each other running horizontally.

NOTES (All four charts): ROMAR and EMA Downtrend on all charts but Fibo flipped for up on all charts. DB/SAR or DB and SAR with Std and Hidden Divergence
attached at bottom on Daily, H4 and H2.
Trading Chart ROMAR and EMA downtrend but MACD up and 4 HM in shallow downtrend at 0.0 Fib.
BB’s narrowing in.


Entry: As the market is in a congested consolidation (ROMAR, EMA down, Fibo up) going sideways with DB, SAR and the Divergence attachments indicating this trend is no longer tradable I will wait for a reversal of trend on the H2 (Parabolic flip) to enter long.
  • #16,364
  • Aug 4, 2019 9:12pm Aug 4, 2019 9:12pm
Bank of China unexpected red news. Once again with the paradox trend
  • #16,365
  • Aug 5, 2019 9:02am Aug 5, 2019 9:02am
I am long the market. H2 Smooth entry with parabolic flip with an open H4 candle above 23.6 fibo. Target is upper H2 BB for +40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 61 KB
candy is dandy but liquor is quicker
  • #16,366
  • Aug 5, 2019 1:54pm Aug 5, 2019 1:54pm
Quoting humlux
I am long the market. H2 Smooth entry with parabolic flip with an open H4 candle above 23.6 fibo. Target is upper H2 BB for +40 pips. {image}
Let me go through a few things with you so you get a better understanding of your entry.

Full down trend on all charts. . Market hit the daily lower BB Friday. The H1 BB is showing a squeeze. The H2 BB is beginning to close. The daily SAR is attached at 118.252 along with both Divergences. All charts show both divergences attached with DB but only Daily and H2 has SAR rejoined with DB from the top. Fibo is positioned for the UP on all charts. The Daily is +100 pips from Purple. Daily white/smoothe has crossed. There is no Red news forecast.

The Daily hit on the lower BB Friday with DB,SAR, both divergences attached and all fibos green; all confluence for an up but the H2 is my trading chart. A parabolic flip is needed to consider a long for a reversal.

The statement above is with your final notes in which you posted more than 14 hours ago before entry. You did not adjust your trading plan before entry which means you totally depended on a trading plan that was obsolete with the Daily new opening. Three hours later after the New Daily you had a 60 pip drop with the JPY. After that drop you had a trading plan that was obsolete and that is when you make your adjustments and post it. You had a new bottom with the drop.

Your entry going long was late. The reason is because you did not see the White crossing Purple and Smooth at the Purple crossing on both the H1 and H2 for a sync with the the Opening ABOVE EMA. The crossing of White with Purple eliminates the Parabolic as resistance (which is a rule). If you had taken the trade with the Opening above EMA you would had been out of the trade already. As this moment you are short of your TP target with Divergence on the H2, and the market still down with ROMAR on all charts as resistance.

Will you make your TP? That all depends on Purple with the H2. You have a little over an hour to find out. With a new bottom means you have the Fibo to contend with.
The Dove - Forex Trainer
  • #16,367
  • Aug 5, 2019 2:40pm Aug 5, 2019 2:40pm
Quoting dove_alliance
{quote} Let me go through a few things with you so you get a better understanding of your entry. Full down trend on all charts. . Market hit the daily lower BB Friday. The H1 BB is showing a squeeze. The H2 BB is beginning to close. The daily SAR is attached at 118.252 along with both Divergences. All charts show both divergences attached with DB but only Daily and H2 has SAR rejoined with DB from the top. Fibo is positioned for the UP on all charts. The Daily is +100 pips from Purple. Daily white/smoothe has crossed. There is no Red news forecast....
Thank you for your feed back. Looking back now I do see the sync of the H1 and H2 open above EMA that should have been my entry.
candy is dandy but liquor is quicker
  • #16,368
  • Aug 5, 2019 6:19pm Aug 5, 2019 6:19pm
Quoting downunderfx
NEWS No high impact news today DAILY CHART - DATE: 5th August 2019 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: Market at 0.0 Fib. and lower BB (which is expanding). DB, SAR, Std and Hidden Divergence all attached together at 0.0 Fib. 4 HM in strong downtrend. Market hasn’t moved down for last 24hrs. Market 85 pips Below Purple. 4 HOUR CHART: ROMAR: Resistance EMA: Resistance Parabolic: Resistance Check List: Last MACD 0 Crossing...
I didn't take a trade because my entry occurred at midnight and I was away from my computer.
I would've entered late (if I'd been awake) as per Dove's recent comments as I would have waited until Smooth had crossed Purple.
I must concentrate on recognizing the first signs of a move - in this case, an opening above EMA with a Green arrow up (the arrows are good for a 40 + pip trade as long as ROMAR resistance isn't blocking).
  • #16,369
  • Edited 7:31pm Aug 5, 2019 7:10pm | Edited 7:31pm
Quoting downunderfx
{quote} I didn't take a trade because my entry occurred at midnight and I was away from my computer. I would've entered late (if I'd been awake) as per Dove's recent comments as I would have waited until Smooth had crossed Purple. I must concentrate on recognizing the first signs of a move - in this case, an opening above EMA with a Green arrow up (the arrows are good for a 40 + pip trade as long as ROMAR resistance isn't blocking).
I also thought the right entry was off the h2 parabolic flip which also put the crossing of smooth/purple in stone. The actual entry should have been at the H2 open above ema which at that time was in sync with the H1 also above ema. As Dove pointed out in his critique, I'd have already been out of my trade with TP 40. He is also right in that I failed to re-evaluate my plan which would have allowed me to see the sync of the H1 and H2. Applying the rule of white/purple cross eliminating the parabolic would have given the optimal entry.
candy is dandy but liquor is quicker
  • #16,370
  • Aug 5, 2019 7:45pm Aug 5, 2019 7:45pm
NEWS No high impact news today

DAILY CHART - DATE: 06 August 2019


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: Strong downtrend. Market has retraced to Purple from 0.0 Fib


4 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow
Last DB Attachment Low
Fibo up or down Up
NOTES: 4 HM turned up and acting as support. Parabolic flipping on
current bar. EMA at Purple – will become support with crossing. ROMAR resistance
a long way above. SAR attached high at downtrend Parabolic.



2 HOUR CHART:

Opening Price: 118.442
ROMAR: Resistance
EMA: Support
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment High
Fibo up or down Up
NOTES: Market hitting resistance at 38.2 Fib. DB attachment is with Std. Divergence. Two bars ago the market retraced to 23.6 Fib below EMA and above PSAR without a SAR attachment. Uptrend is weakening with White at Purple
but this could be a slider. ROMAR resistance is 70 pips above market at the 61.8 Fib.

1 HOUR CHART:

ROMAR: Resistance
EMA: Support
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment N/A
Fibo up or down Down
NOTES: White and Smooth have crossed Purple and Smooth has crossed White but EMA still below Purple and PSAR below EMA – a slider.

NOTES (All four charts): Daily trend is down.
ROMAR trend is down on H1, H2 and H4 but market is consolidating with medium
term trends up on those 3 charts.

Trading Chart: Downtrend consolidation.
Market has bounced off 23.6 Fib but in order for Hidden Divergence to be exposed
it needs to retrace once more.
Market currently 40 pips below upper BB.
The market may continue up to the BB / ROMAR/ 61.8 Fib Resistance in which case
I will enter short.
  • #16,371
  • Aug 5, 2019 8:03pm Aug 5, 2019 8:03pm
Evaluation:

TP Hit +40. My entry was late. I was fixated on my trading plan for the H2 parabolic flip for the reversal. I failed to re-evaluate my plan after 14 hours and I failed to apply the white/purple crossing eliminating the parabolic RULE. The optimal entry would have been the H2/H1 sync above ema with the crossing of white/purple. I'd have won this trade hours ago had I made that entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 60 KB
candy is dandy but liquor is quicker
  • #16,372
  • Aug 5, 2019 8:28pm Aug 5, 2019 8:28pm
Quoting humlux
Evaluation: TP Hit +40. My entry was late. I was fixated on my trading plan for the H2 parabolic flip for the reversal. I failed to re-evaluate my plan after 14 hours and I failed to apply the white/purple crossing eliminating the parabolic RULE. The optimal entry would have been the H2/H1 sync above ema with the crossing of white/purple. I'd have won this trade hours ago had I made that entry. {image}
You was bless with the Standard Divergence for a pullback passing your entry for the Hidden Divergence. It took you into the hole before going back into profit. Focus on entries so this does not happen continuously.
The Dove - Forex Trainer
  • #16,373
  • Aug 5, 2019 9:40pm Aug 5, 2019 9:40pm
Quoting downunderfx
NEWS No high impact news today DAILY CHART - DATE: 06 August 2019 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: Strong downtrend. Market has retraced to Purple from 0.0 Fib 4 HOUR CHART: ROMAR: Resistance EMA: Resistance Parabolic: Support Check List: Last MACD 0 Crossing Up Last EMA Alert Arrow Last DB Attachment Low Fibo up or down Up NOTES: 4 HM turned up and acting as support. Parabolic flipping on current bar. EMA at Purple...
Entered short (a bit late - interrupted) off resistance as per plan.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #16,374
  • Aug 5, 2019 11:28pm Aug 5, 2019 11:28pm
Quoting downunderfx
{quote} Entered short (a bit late - interrupted) off resistance as per plan.{image}
SL hit.
Failed to take notice of strong uptrend - Hidden Divergence attached, 4 HM in uptrend, MACD bars getting longer on both H1 and H2, BB's expanding.
Should've noted these and modified my plan accordingly.
  • #16,375
  • Aug 6, 2019 5:25am Aug 6, 2019 5:25am
Quoting dove_alliance
{quote} You was bless with the Standard Divergence for a pullback passing your entry for the Hidden Divergence. It took you into the hole before going back into profit. Focus on entries so this does not happen continuously.
Truly, thank you for your critique.
candy is dandy but liquor is quicker
  • #16,376
  • Aug 6, 2019 9:13am Aug 6, 2019 9:13am
Quoting downunderfx
{quote} Entered short (a bit late - interrupted) off resistance as per plan.{image}
The bar previous to your entry was a power bar with roughly 70 pips that hit a double resistance (ROMAR and the BB) then pullback. A good trader would wait for the closing of the next bar to be sure the risk of continuance on the next bar will not continue in the direction of the 4 Horsemen power, with the next opening being above Purple. This is called BEING PATIENT waiting on the next CLOSING bar. The rule stipulates very clearly (never pull the trigger on a moving bar). You broke the rule and it cost you. You had the Power Bar Green, the next bar Green, and the third bar Green. The 4th bar pulled back 40 pips and turned red back below ROMAR resistance with EMA as support with only 40 pips.

How many times I have said: "never open a trade on a moving bar". Now you know why. Especially when the 4 Horsemen have the power.
The Dove - Forex Trainer
  • #16,377
  • Aug 6, 2019 9:44am Aug 6, 2019 9:44am
I forgot to mention one other important element. And that is both the SAR/DB were running together as one unit and connected on the power bar at resistance. This means the market will continue up (which is also a rule).
The Dove - Forex Trainer
  • #16,378
  • Aug 6, 2019 9:58am Aug 6, 2019 9:58am
Quoting downunderfx
{quote} Entered short (a bit late - interrupted) off resistance as per plan.{image}
While I am thinking about it: The rule also states to post your complete and whole 2 hour chart for your entry. So from now on be sure you do this. All you need to do is right click on your 2 hour chart after entry and click "Save As Picture". Save it and then post it.
The Dove - Forex Trainer
  • #16,379
  • Aug 6, 2019 6:13pm Aug 6, 2019 6:13pm
Quoting dove_alliance
{quote} While I am thinking about it: The rule also states to post your complete and whole 2 hour chart for your entry. So from now on be sure you do this. All you need to do is right click on your 2 hour chart after entry and click "Save As Picture". Save it and then post it.
Thank you for your assessment and teaching Dove.
All points duly noted, and mistakes will not be repeated.
  • #16,380
  • Aug 6, 2019 7:04pm Aug 6, 2019 7:04pm
EUR/JPY
No Red news forecast

Calendar Date 8.6.19 Tuesday
Trading Date: 8.7.19 Wednesday
No Red News Forecast

Daily Open: 119.131
Previous Day High: 119.862
Previous Day Low: 118.69

Daily:
ROMAR – Resistance
EMA – Resistance previous day open below EMA
PSAR - Resistance

Check List:
Fibo Green above near 23.6
Last MACD ‘0’ down
Last EMA arrow down
Last DB Attachment 117.664
Last SAR Attachment 117.664
Lower BB pointing down
Both Divergences attached at 117.664

Notes: Market is at the 4 at white of the 4 horsemen

4 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
BB flat on bottom edging up on top at ROMAR and 61.8 Fiboo

Check List
Fibo green near and above 38.2
Last DB Attachment 119.862
Last SAR Attachment 121.37

Notes: purple/white near crossing with ema supporting smooth

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

Check List:
Fibo is Red near under 23.6
Last MACD ‘0’ arrow up
Last EMA arrow Up
Last DB Attachment 119.862
Last SAR Attachment 118.92
BB are open but closing in


Notes: 25 pips under ROMAR

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

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


Entry notes:

The H2 is my trading chart. 23.6 and 61.8 are heavy support/resistance on all charts. Focus on entries. Adjust plan accordingly.

The 1 hour ROMAR support of ema with Red fibo contrary to other charts indicates consolidation. The 1 hour lower BB is flat and the upper band is edging down with a red ema arrow last printed and parabolics are on top of ROMAR. The H2 SAR is showing for last 10 hours. H2 ROMAR and Red 23.6 is is resistance to a move up but the Daily is supported at 23.6 green. H4 ema holding support for the UP. H4 purple/white at the crossing point.

Projected Entry: H2 EMA slider for the up in the making.
candy is dandy but liquor is quicker
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