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Attachments: The Paradox System
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The Paradox System

  • #16,421
  • Aug 11, 2019 7:10pm Aug 11, 2019 7:10pm
EUR/JPY
No Red news forecast

Calendar Date 8.11.19 Sunday
Trading Date: 8.12.19 Monday
No Red News Forecast

Daily Open: 118.101
Previous Day High: 118.389
Previous Day Low: 117.983

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

Check List:
Fibo Green under 23.6 significantly
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 under smooth and under green 23.6 fibo resting on white/purple at the cross

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
BB Opening both

Check List
Fibo red and under 61.8
Last DB Attachment 117.983
Last SAR 117.983 under DB with thistle tag

Notes: Fibo will go green if market sinks +50 pips at lower BB. Divergences connected with DB

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

Check List:
Fibo green near under 23.6
Last MACD ‘0’ arrow down
Last EMA arrow down
Last DB Attachment 117.983
Last SAR Attachment 117.983 with LG tag running with DB
BB are edging downward
Reg and hidden divergence attached with DB

Notes:

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

Check List:
Fibo red
Last MACD ‘0’ down
Last EMA arrow down
Open session line 118.291

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. Study consolidated range, divergence and SAR during this mode.

Market opened Sunday with small gap down. 10 pips.

Projected Entry: Looking for H4 fibo to sync with H2.
candy is dandy but liquor is quicker
  • #16,422
  • Aug 11, 2019 7:44pm Aug 11, 2019 7:44pm
NEWS No high impact news today

DAILY CHART - DATE: 12th August2019


ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance (White is sliding under Purple)
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low (117.664)
Fibo up or down Up
NOTES: Downtrend but White in shallow crossing of 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 (117.932)
Fibo up or down Down
NOTES: ROMAR, EMA, Parabolic and 4 HM in steady downtrend.
DB attached low with Std and Hidden Divergence. Lower BB approaching 100 Red Fib.


2 HOUR CHART:

Opening Price: 118.291
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low (117.983)
Fibo up or down Up
NOTES: Steady Downtrend. Market retraced up to EMA then down with a move of 40 pips on the bar. DB is attached low with Std and Hidden Divergence.
BB’s are expanding.

1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment N/A
Fibo up or down Up
NOTES: White re-crossing Purple in a slider. White currently above Purple.

NOTES (All four charts): All 4 charts in ROMAR, EMA and Parabolic downtrends.
On the Daily the market has been hitting Smooth and retracing all last week.
Trading Chart: Downtrend ranging. BB’s expanding. Market has already retraced to EMA and is continuing down.

Entry: Short with a retrace to the 4 HM on the H2
  • #16,423
  • Aug 11, 2019 9:15pm Aug 11, 2019 9:15pm
Entered short with hit on Smooth on H2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 290 KB
  • #16,424
  • Aug 12, 2019 3:16am Aug 12, 2019 3:16am
Quoting downunderfx
Entered short with hit on Smooth on H2{image}
Result: TP hit

Assessment: I followed the rule regarding entering the market with a hit on the 4 HM in a down trending market. ROMAR, EMA and the Parabolic appeared very strong in the downtrend on all 4 charts. I don't think I broke any rules trading on a bank holiday(?).
  • #16,425
  • Aug 12, 2019 10:24am Aug 12, 2019 10:24am
Quoting downunderfx
{quote} Result: TP hit Assessment: I followed the rule regarding entering the market with a hit on the 4 HM in a down trending market. ROMAR, EMA and the Parabolic appeared very strong in the downtrend on all 4 charts. I don't think I broke any rules trading on a bank holiday(?).
This was an excellent trade with a full bloom trend on all 4 charts. What makes it great is in using the 4 Horsemen resistance, which in this case, was the H2 smooth.
The Dove - Forex Trainer
  • #16,426
  • Aug 12, 2019 12:25pm Aug 12, 2019 12:25pm
Quoting humlux
EUR/JPY No Red news forecast Calendar Date 8.11.19 Sunday Trading Date: 8.12.19 Monday No Red News Forecast Daily Open: 118.101 Previous Day High: 118.389 Previous Day Low: 117.983 Daily: ROMAR – Resistance EMA – Resistance previous day open below EMA PSAR - Resistance Check List: Fibo Green under 23.6 significantly 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 under smooth and under green 23.6 fibo resting on white/purple...
Adjustments:
This RULE applies in a reversal with white and smooth crossing purple separately on the same bar that is open above ema. Eliminating parabolic and ROMAR as resistance. If this happens I will look to go long.
candy is dandy but liquor is quicker
  • #16,427
  • Aug 12, 2019 1:10pm Aug 12, 2019 1:10pm
Quoting humlux
{quote} Adjustments: This RULE applies in a reversal with white and smooth crossing purple separately on the same bar that is open above ema. Eliminating parabolic and ROMAR as resistance. If this happens I will look to go long.
I am long the market. H2 above EMA white/purple cross and smooth/purple crossing. H4 white at purple at 23.6 green fibo support. Daily white has crossed purple.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 67 KB
candy is dandy but liquor is quicker
  • #16,428
  • Aug 12, 2019 1:25pm Aug 12, 2019 1:25pm
Quoting humlux
{quote} Adjustments: This RULE applies in a reversal with white and smooth crossing purple separately on the same bar that is open above ema. Eliminating parabolic and ROMAR as resistance. If this happens I will look to go long.
A reversal? Really? What rule is stating a REVERSAL? What I see is a retrace (pullback) off support to RESISTANCE ON EACH CHART. The 61.8 on the H1, the parabolic on the H2, EMA on the H4, and the Central Pivot (opening bar) on the Daily. So where is the REVERSAL?
The Dove - Forex Trainer
  • #16,429
  • Aug 12, 2019 1:43pm Aug 12, 2019 1:43pm
Quoting dove_alliance
{quote} A reversal? Really? What rule is stating a REVERSAL? What I see is a retrace (pullback) off support to RESISTANCE ON EACH CHART. The 61.8 on the H1, the parabolic on the H2, EMA on the H4, and the Central Pivot (opening bar) on the Daily. So where is the REVERSAL?
No where. There is only resistance on each chart.
candy is dandy but liquor is quicker
  • #16,430
  • Aug 12, 2019 1:50pm Aug 12, 2019 1:50pm
Quoting humlux
{quote} No where. There is only resistance on each chart.
That is right - so why didn't you check each chart before pulling the trigger? The visual is there and still you went long.
The Dove - Forex Trainer
  • #16,431
  • Aug 12, 2019 1:51pm Aug 12, 2019 1:51pm
Quoting dove_alliance
{quote} That is right - so why didn't you check each chart before pulling the trigger? The visual is there and still you went long.
That is RULE in checking support and resistance BEFORE pulling the trigger.
The Dove - Forex Trainer
  • #16,432
  • Aug 12, 2019 2:04pm Aug 12, 2019 2:04pm
Quoting dove_alliance
{quote} That is RULE in checking support and resistance BEFORE pulling the trigger.
So what I am saying to you is there was no trade when you went long. You had both SUPPORT AND RESISTANCE on your entry with less than 20 pips for the short. The retrace was 60+ pips which is leaving room for the bottom provide support gives way for an entry. You cannot MAKE UP your won rules and THINK you can beat in what the Paradox is saying.
The Dove - Forex Trainer
  • #16,433
  • Aug 12, 2019 2:21pm Aug 12, 2019 2:21pm
Quoting dove_alliance
{quote} So what I am saying to you is there was no trade when you went long. You had both SUPPORT AND RESISTANCE on your entry with less than 20 pips for the short. The retrace was 60+ pips which is leaving room for the bottom provide support gives way for an entry. You cannot MAKE UP your won rules and THINK you can beat in what the Paradox is saying.
Ok.
candy is dandy but liquor is quicker
  • #16,434
  • Aug 12, 2019 9:11pm Aug 12, 2019 9:11pm
NEWS High impact news in 11 hrs

DAILY CHART - DATE: 13th August 2019


ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low – 117.505
Fibo up or down Up
NOTES: White has crossed Purple two bars ago. No Smooth cross. Probably a slider. Market has bounced off Smooth (again).




4 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow
Last DB Attachment Low – 117.505
Fibo up or down Up
NOTES: White has crossed Purple. Market retraced to Parabolic and bounced off.


2 HOUR CHART:

Opening Price: 117.991
ROMAR: Resistance
EMA: Support
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment Low – 117.505
Fibo up or down Up
NOTES: SAR attached high at 118.230. Market got above EMA for one open bar.




1 HOUR CHART:

ROMAR: Resistance
EMA: Support (slider)
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment N/A
Fibo up or down Up
NOTES: 4 HM and EMA running sideways in tight pattern



NOTES (All four charts): All charts still in ROMAR downtrend. Market has retraced to Daily Smooth and H4 Parabolic at 118.230 where SAR attached on H2.

Trading Chart: Downtrend consolidation. Market retraced for SAR attachment.

Entry: Enter short on open bar after H2 SAR attachment, H1 Parabolic Support broken and H2 EMA re-crosses Purple.
  • #16,435
  • Aug 12, 2019 11:07pm Aug 12, 2019 11:07pm
Entered short H2 White crossing Purple neutralizes Parabolic power. Parabolic flipping on H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-08-13_14-02-40.jpg Size: 514 KB
  • #16,436
  • Aug 13, 2019 7:02am Aug 13, 2019 7:02am
Quoting downunderfx
Entered short H2 White crossing Purple neutralizes Parabolic power. Parabolic flipping on H1{image}
Closed trade 45 mins prior to high impact news (a bit early but have an early start tomorrow Melbourne time).
Assessment: Entered a bar too late - if I'm going to trade off the SAR I should do so without hesitation.
But the other thing is that White was at Purple for crossing on the Daily indicating a weakness in the downtrend, so the decision to trade was unwise.
  • #16,437
  • Aug 13, 2019 7:34am Aug 13, 2019 7:34am
Quoting humlux
{quote} I am long the market. H2 above EMA white/purple cross and smooth/purple crossing. H4 white at purple at 23.6 green fibo support. Daily white has crossed purple. {image}
Evaluation:
SL Hit -40. Entered long against resistance. I must trade from resistance to support and from support to resistance. From the bottom to the top and from the top to the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2 Result.png Size: 61 KB
candy is dandy but liquor is quicker
  • #16,438
  • Aug 13, 2019 8:46am Aug 13, 2019 8:46am
Quoting downunderfx
{quote} Closed trade 45 mins prior to high impact news (a bit early but have an early start tomorrow Melbourne time). Assessment: Entered a bar too late - if I'm going to trade off the SAR I should do so without hesitation. But the other thing is that White was at Purple for crossing on the Daily indicating a weakness in the downtrend, so the decision to trade was unwise.
The rule is 5 minutes before the red tag for closing any trade - and you know that.
The Dove - Forex Trainer
  • #16,439
  • Aug 13, 2019 2:13pm Aug 13, 2019 2:13pm
Quoting dove_alliance
{quote} The rule is 5 minutes before the red tag for closing any trade - and you know that.
Thank you Dove, noted.
  • #16,440
  • Aug 14, 2019 8:20am Aug 14, 2019 8:20am
DAILY PLAN – 14/08/19:
NEWS:
No Red News

H1:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
FIBO - DOWN
Notes:
There was an EMA slider.
Smooth crossed White
BB are opening.

H2:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD crossing - DOWN
Last EMA Alert Arrow - DOWN
Fibo - DOWN
Notes:
EMA crossed purple.
ROMAR is pointing to cross purple.
DB is attached DOWN with SAR at the 61.8

H4:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Fibo - DOWN
Notes:
ROMAR crossed purple.
Purple is pointing flat.
DB is connected UP and SAR DOWN on 61.8 and PSAR.

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD crossing - UP
Last EMA Alert Arrow - DOWN
Fibo - UP
Notes:
We have SAR attached UP and DB down.
Smooth has crossed purple.

Final Notes for all charts:
2 Red flags i see:
- There was a 19 pip gap on last H2 open.
- I am entering on mid candle.
We are in consolidation and i see confluence on support.
DB with SAR on 61.8 on H2, PSAR with SAR at 61.8 on H4, Smooth and purple on Daily.

Entry:
Buy: At confluence for buy.

Best regards,
Hugo

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at 2019-08-14 14-55-37.png Size: 41 KB
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