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The Paradox System

  • #16,441
  • Aug 14, 2019 9:55am Aug 14, 2019 9:55am
Quoting Sinai
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...
SL hit.
Besides the gap there was one more red flag i didn't mention: The change to RED FIBO on H4.
Overall i am not reading the Paradox correctly and have to find a way to change my perspective.
  • #16,442
  • Aug 14, 2019 11:06am Aug 14, 2019 11:06am
Quoting Sinai
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...
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.

Above is your H2 and H4 trading plan showing the downtrend and yet - you go long. For one thing I do not see a 19 pip gap on my chart. Even if there was one, the only gap you are concern with is the Sunday's opening; which gives is a whole week to close the gap if there was one. Then you had the H2 showing the downtrend with the EMA/MACD for the down. Not to mention you had the DB showing with the SAR underneath for ranging with a Red Fibo for the bottom. You also are showing the H2 ROMAR at Purple for the crossing and the H4 ROMAR in a slider above Purple as resistance.

Bottom line trader - is you traded totally against your trading plan. Your trading plan is showing the short and yet - you pulled the trigger going long.
The Dove - Forex Trainer
  • #16,443
  • Aug 14, 2019 5:46pm Aug 14, 2019 5:46pm
Quoting Sinai
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...
That gap was likely the h2 was missing data from the h1 period converter. Ive seen this happen when a laptop/computer goes to sleep or hibernates and you wake it up. Since the mt4 wasnt receiving a price feed to the h1 it can show up as a gap on a new h2 bar. If you see a gap again then restart the mt4 or close the h2 chart and reopen it to make sure its a gap. Im guessing the h2 chart was the only chart showing a gap?? If other charts were showing a gap as well then i have no idea.
  • #16,444
  • Aug 14, 2019 7:10pm Aug 14, 2019 7:10pm
NEWS High Impact News in 11 hours

DAILY CHART - DATE: Thurs 15th 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 but Smooth yet to cross – sliding.




4 HOUR CHART:

ROMAR: Resistance
EMA: At Purple – becoming resistance
Parabolic: Flipping – becoming resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow
Last DB Attachment High 119.574
Fibo up or down Down
NOTES: Smooth crossing White, EMA crossing Purple and Parabolic flipping. All becoming resistance and turning into full downtrend on the chart. SAR attached low at 117.757



2 HOUR CHART:

Opening Price: 117.814
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment Low 117.757
Fibo up or down Down
NOTES: BB’s flat. DB attached low with Std Divergence. Hidden not showing.
ROMAR resistance 60 pips away.




1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Down
Last DB Attachment
Fibo up or down N/A
NOTES: White crossed Purple 3 bars back and Smooth at Purple currently.

NOTES (All four charts): All 4 charts currently in ROMAR, EMA and Parabolic downtrend. H1 4 HM look like a slider. Smooth can’t get below Purple on the Daily. Despite the downtrend the market is ranging up to and met resistance at the Daily Parabolic (SAR attached).

Trading Chart: The chart is ranging sideways. DB attached low with the Std Divergence. I expect a retrace to bring out the Hidden. There is the potential for resistance at EMA which is close to the red 61.8 fib 30 pips away. It would be a risk to countertrade so I will wait on the retrace and enter short.

Entry: Short with a hit on resistance in the H2 4 HM.
  • #16,445
  • Aug 15, 2019 6:37pm Aug 15, 2019 6:37pm
Quoting downunderfx
NEWS High Impact News in 11 hours DAILY CHART - DATE: Thurs 15th 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 but Smooth yet to cross – sliding. 4 HOUR CHART: ROMAR: Resistance EMA: At Purple – becoming resistance Parabolic: Flipping – becoming resistance Check List: Last MACD 0 Crossing Down Last EMA Alert Arrow Last DB Attachment High 119.574 Fibo up or down Down NOTES: Smooth...
No Trade yesterday.
My head wasn't in the right place so I didn't trade.
I'm in charge of a committee that's renovating the clubhouse of the sports club I belong to.
Some disagreements came up yesterday - it's worse than trying to herd a bunch of cats.
I wasn't able to give my full concentration to the market.
  • #16,446
  • Aug 15, 2019 7:40pm Aug 15, 2019 7:40pm
NEWS No high impact news today

DAILY CHART - DATE: Fri 16th 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: Market ranging between 0.0 Fib (green) and Parabolic resistance.
Purple, White and Smooth running tightly together horizontally.




4 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow
Last DB Attachment Low 117.613
Fibo up or down Down
NOTES: ROMAR, EMA and Parabolic downtrend. Last DB attachment low with Std Divergence.



2 HOUR CHART:

Opening Price: 117.839
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Down
Last EMA Alert Arrow Up
Last DB Attachment Low 117.613
Fibo up or down Up
NOTES: Last DB attach was a LL with SAR and Std and Hidden Divergence.
Market now 17 pips above DB attach. 4 HM in steady downtrend. BB’s compressing and running horizontally.

1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment N/A
Fibo up or down Up
NOTES: Whit and Smooth have crossed Purple and Smooth at White on the next bar.



NOTES (All four charts): All 4 charts are in ROMAR and EMA downtrends.
Fibos are green on H1, H2 and Daily. Red on H4. The market is overall in consolidation. H1 4 HM turning up.

Trading Chart: DB and SAR have attached low.
4 HM downtrend at present and current bar between Smooth and Purple.
Chart is in Downtrend Consolidation with SAR breaking off for the visual.

Entry: Short with confirmation of slider on H1, persistent downtrend of 4 HM on H2 and open below Smooth on H2.
  • #16,447
  • Aug 15, 2019 9:25pm Aug 15, 2019 9:25pm
Entered short according to plan - entered at opening of bar but wifi issues have delayed posting.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 292 KB
  • #16,448
  • Aug 16, 2019 12:17am Aug 16, 2019 12:17am
Quoting downunderfx
{quote} No Trade yesterday. My head wasn't in the right place so I didn't trade......I wasn't able to give my full concentration to the market.
I don't know about anyone else, but I think it's a sensible idea in making sure one's head space is in the right place to trade every time we trade.
And the self preservation methods we use to keep ourselves in that correct balance within our emotional being is very important.

With continued effort, we can and will be able to remove our external emotional distractions from our trading desk. ie: We need to ensure we do not use those distractions as an excuse though. Please be very re-assured that I am not saying you were using an excuse....unless of course we are allowing it to actually become a habit and allow our emotions to rule over our sensibilities and responsibilities if you know what I mean. I'm just saying that we all must practice & practice to keep our focus upon the job at hand. Hope this makes sense to people.

I was looking forward to seeing your entry and I trust you saw the results of your plan.
If you make up your own rules then the story is sad.....
  • #16,449
  • Aug 16, 2019 5:34pm Aug 16, 2019 5:34pm
Quoting downunderfx
Entered short according to plan - entered at opening of bar but wifi issues have delayed posting. {image}
Lost trade. Manually closed just prior to Friday's market close.
Assessment: Taking the trade a VERY, VERY bad idea.
Mistakes: Countertrading the bar with DB, SAR and Std and Hidden Divergences attached (this is a Rule).
It was also exhibiting impatience and greed (even though it's a demo account).
Won't ever happen again.
  • #16,450
  • Aug 18, 2019 12:39am Aug 18, 2019 12:39am
I’ll be honest with you traders going through a hard time. Here’s a big hint. Search the paradox system for two things. Number one read all of Doves postings. Number 2 read all of Shinnys postings with image files. Dove created everything for any trader to make it. SHINNY underlined everything Dove states. All I can tell you is wait for a hit on support/resistant on the H2 and then go with the Daily chart..ITS THAT SIMPLE REALLY GUYS!!!!
  • #16,451
  • Aug 18, 2019 7:00pm Aug 18, 2019 7:00pm
NEWS No high impact news today

DAILY CHART - DATE: Monday 19th August 2019


ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Down
Last DB Attachment Low 127.505
Fibo up or down Up
NOTES: ROMAR, EMA and Parabolic downtrend. 4 HM downtrend.
Fibo up, MACD up. DB, SAR, Std and Hidden divergence attached.
Market ranging between 4 HM resistance and 0.0 Fib support.
Currently at resistance.


4 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Check List:
Last MACD 0 Crossing Up (current bar)
Last EMA Alert Arrow
Last DB Attachment Low 117.565
Fibo up or down Down
NOTES: Whit and Smooth have crossed Purple. SAR attaching on current bar at Parabolic.


2 HOUR CHART:

Opening Price: 117.912
ROMAR: Resistance
EMA: Support
Parabolic: Support
Check List:
Last MACD 0 Crossing Up
Last EMA Alert Arrow Up
Last DB Attachment Low – 117.565
Fibo up or down Up
NOTES: DB attached low, SAR attached high on current bar. BB’s flat and running horizontally.


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 Up
NOTES: Market above ROMAR and turning b ack down on current bar.



NOTES (All four charts): The Daily is in a downtrend but not getting below 0.0 support which is 55 pips away. The market is currently at Purple.
On the H4 the market has hit the Parabolic (eliminated) With SAR attaching on current bar.
On the H1 the market has hit ROMAR resistance and is getting back below ROMAR.
Overall, it looks like a downtrend in consolidation. There is strong support 55 pips below the market. ROMAR is resistance on all charts.

Trading Chart: On the H2 ROMAR is resistance and to me it looks like the market is swinging down. The SAR is attaching high on the current bar.
In consolidation trade from resistance or support.
Better to trade with the ROMAR trend.
The market has hit resistance – Daily Purple, H4 Parabolic, H1 ROMAR.
SAR has attached high on H2 and H4.
On the H2 the market is making LL’s.

Entry: Short on the next open bar.
  • #16,452
  • Aug 18, 2019 7:04pm Aug 18, 2019 7:04pm
Entered short.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-08-19_10-01-50.jpg Size: 558 KB
  • #16,453
  • Aug 19, 2019 3:32am Aug 19, 2019 3:32am
Quoting downunderfx
Entered short. {image}
SL hit.
Assessment: Market wasn't going to revisit 0.0 Fibo.
Entry was too impatient. Market was in a slider and hadn't declared itself.
DB was attached low on H2 - next attachment was high.
Back to the books.
  • #16,454
  • Aug 19, 2019 8:53am Aug 19, 2019 8:53am
Quoting downunderfx
{quote} SL hit. Assessment: Market wasn't going to revisit 0.0 Fibo. Entry was too impatient. Market was in a slider and hadn't declared itself. DB was attached low on H2 - next attachment was high. Back to the books.
What I do not understand is why traders counter-trade the H2 when it is showing the Parabolic and EMA are in trend. For me - that is amazing after all I have taught regarding trends. And yes - the DB was locked in stone with the SAR getting below the DB which also told you the next connection was on the top. Well, like you said: "Back to the books".
The Dove - Forex Trainer
  • #16,455
  • Aug 19, 2019 8:56am Aug 19, 2019 8:56am
Quoting Contra
I’ll be honest with you traders going through a hard time. Here’s a big hint. Search the paradox system for two things. Number one read all of Doves postings. Number 2 read all of Shinnys postings with image files. Dove created everything for any trader to make it. SHINNY underlined everything Dove states. All I can tell you is wait for a hit on support/resistant on the H2 and then go with the Daily chart..ITS THAT SIMPLE REALLY GUYS!!!!
I was going to answer your last post but it was deleted. But any way - thank you for your postings. Maybe the traders will listen to you because they sure don't listen to me.
The Dove - Forex Trainer
  • #16,456
  • Aug 19, 2019 9:27am Aug 19, 2019 9:27am
DAILY PLAN – 19/08/19:
NEWS:
No Red News

H1:
ROMAR - Support
EMA - Support
PSAR - Support
FIBO - DOWN
Notes:
White crossed purple.
ROMAR has crossed EMA

H2:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD crossing - UP
Last EMA Alert Arrow - UP
Fibo - UP
Notes:
ROMAR crossed purple.
Hidden Divergence is attached on DB and SAR at 61.8.
There is a triple bottom on H2.

H4:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Fibo - DOWN
Notes:
PSAR changed for support.
EMA crossed purple.
EMA still didn't cross smooth.
DB is attached on top with SAR

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 DOWN and DB down but separated.
White is pointing to cross purple.

Final Notes for all charts:
We are in consolidation with mixed ROMAR trends and FIBO's.
Risks:
Daily EMA resistance and H4 FIBO down.
Entry:
Buy: On support after ROMAR crossing purple.

Best Regards,
Hugo

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at 2019-08-19 16-10-05.png Size: 45 KB
  • #16,457
  • Edited 10:11am Aug 19, 2019 10:00am | Edited 10:11am
This might Help to some traders.

Daily Notes: SAR attached at the bottom @117.565 and created HL, next attachment is on top. Daily in consolidation.

Trend Chart/ Powerhouse of the Whole System
2 HR:
ROMAR - resistance and out of trading area
EMA - Support
PSAR - Support
Check List:
Last EMA Alert Arrow : Up
Last MACD 0 crossing: Up
Last DB/SAR Attachment: SAR to bring out the DB
Fibo Contour: Support
23.6 and 61.8 S/R: 23.6 as heavy support
Bollinger: Upper Band inside Romar and 50
Strong buys are above the MA 20 and Strong sales are below the MA 5. MA 20 MA 5 position: Both Support/ Strong Buy
Balance: Yes
Market open: above psar ema and 23.6 fib
Notes: Romar as resistance and out of trading area. EMA and horsemen are in the uptrend. 23.6 as heavy support. EMA alert and macd up. H2 in consolidated uptrend.


I know its going up and Romar will not hold because ROMAR is running through the center. And what did Dove said above H2 Fibo? The 2 hour Fibo is a great resource for trading; it is accurate and dependable. 23.6 fibo is a "HEAVY" S/R. And I know where the market is heading @ 61.8 to bring out the "Matrix" and I have room for my 40 pips. EMA is up in the swing. Horsemen in the uptrend . EMA alert is up, macd up. MA 20 MA5 are both support. Market is going up no matter what.

Attached is h2 Forex.com ( my trading chart) and Pepperstone for taking trades. (I actually missed 4 pips for my entry @ 23.6 fib and EMA cos I was out of my station, so I enter at SMOOTH.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H2 forex.com long EJ.PNG Size: 283 KB
Click to Enlarge Name: H2 long pepperstone.PNG Size: 283 KB
To reach that level of determination is a matter of the will.
  • #16,458
  • Aug 19, 2019 10:29am Aug 19, 2019 10:29am
To most who would take trades. Better wait on H2 DB SAR attachment before taking trades or u might get in too early and hit ur stops. Never counter trade the DB and SAR especially when they are both showing on top or bottom. Just wait on the next attachment before entering. And also pay attention to where the Bollinger Band is located its a deadly weapon.
To reach that level of determination is a matter of the will.
  • #16,459
  • Aug 19, 2019 1:12pm Aug 19, 2019 1:12pm
Quoting TraderMarcos
To most who would take trades. Better wait on H2 DB SAR attachment before taking trades or u might get in too early and hit ur stops. Never counter trade the DB and SAR especially when they are both showing on top or bottom. Just wait on the next attachment before entering. And also pay attention to where the Bollinger Band is located its a deadly weapon.
Thank you Marcos. I appreciate stepping in with your trade.

Traders - Marcos is one of the Elite and surely does not need to be here. What each of you need to understand is these Elite traders started just like everyone else had started - from the beginning. Their first objective was to know the rules by heart on every scenario. Once the objective was completed then they began reading the Paradox on each chart and apply the rules of trading.

If you traders cannot apply the objective and continue to be subjective - then there isn't much anyone can do for you. And being objective is learning how to apply the rules.
The Dove - Forex Trainer
  • #16,460
  • Aug 19, 2019 7:14pm Aug 19, 2019 7:14pm
To Dove, Contra and Marcos, thank you very much for your advice and patience. For me at the moment I see my block as defining what state the market is in. Once I can do that with confidence I should be able to apply the appropriate rules for entry - it may seem that I'm not listening but that's not the case.
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