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The Paradox System

  • #17,041
  • Feb 25, 2021 12:39pm Feb 25, 2021 12:39pm
Quoting Lakers
February 24th, EUR/JPY. Session: New open Daily bar Red News: Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: Top at 128.783 Last SAR attachment: Together with DB Fibo: Red/Down Notes: The Daily opened above Purple and is out of balance. Daily is showing a HH. H4: ROMAR: Support EMA: Support PSAR: Support Checklist: Last DB attachment: 128.783 Last SAR attachment: Together with DB Fibo: Red/Down Notes: H4 is up, and H4 is showing move hit on upper BB. H2: ROMAR: Support EMA:...
No entry: Misread the scenario, was waiting for SAR to show up, but in a trending market we can use any 4 horsemen for an entry.
  • #17,042
  • Feb 26, 2021 1:31am Feb 26, 2021 1:31am
So what did you do well Lakers?
If you make up your own rules then the story is sad.....
  • #17,043
  • Mar 1, 2021 1:59pm Mar 1, 2021 1:59pm
Quoting OliveBranch
So what did you do well Lakers?
Hello OliveBranch, recognizing the current trend with support/resistance.
  • #17,044
  • Mar 1, 2021 2:06pm Mar 1, 2021 2:06pm
March 1st, EUR/JPY.
Session: New open bar
Red News:

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.963
Last SAR attachment: 128.208
Fibo: Red/Down

Notes: The Daily is showing hit on upper BB resistance and then went to support with SAR showing on Smooth. 4 horsemen up.

H4:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last DB attachment: 128.208
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H4 is showing a down move toward Fibo red 61.8 support with DB/SAR Divergence showing, and the 4 horsemen is down. EMA is resistance, White Purple crossed.

H2:
ROMAR: Support/Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 128.208
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H2 showing hit on Romar with DB/SAR both Divergence, and the Fibo is green. Smooth White Purple crossed.

H1:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: UP
Fibo: Green/Up

Notes: H1 Romar only Romar resistance. 4 horsemen up against Romar resistance.


Final Notes: The market is in consolidation, and showing a down move to H2 Romar after the Daily hit upper BB resistance. The Daily SAR showing hit on Smooth support. H2 H4 EMA is resistance, and H4 White Purple crossed up. H2 Romar is support/resistance. H1 Romar is resistance.

Projected long: Looking to go long if H2 shows a reversal and Romar shows sliding under EMA.
  • #17,045
  • Mar 2, 2021 1:42am Mar 2, 2021 1:42am
Quoting Lakers
{quote} Hello OliveBranch, recognizing the current trend with support/resistance.
You stayed disciplined to your commitment to your plan - by keeping to your word & to your plan's projected entry.
Even a no entry day can be readily used as a lesson.
eg: what would have happened if you had of tried to guess a top and change your plan's projected entry mid session and go Short? A loss would have been the order of the day. Lessons to be had everywhere, on every plan.
If you make up your own rules then the story is sad.....
  • #17,046
  • Mar 2, 2021 2:08am Mar 2, 2021 2:08am
Quoting Lakers
March 1st, EUR/JPY. Session: New open bar Red News: Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: 129.963 Last SAR attachment: 128.208 Fibo: Red/Down Notes: The Daily is showing hit on upper BB resistance and then went to support with SAR showing on Smooth. 4 horsemen up. H4: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 128.208 Last SAR attachment: Together with DB Fibo: Red/Down Notes: H4 is showing a down move toward Fibo red 61.8 support...
Adjustment entry: Long. H2 DB/SAR standard hidden Divergence showing at the bottom of Fibo green "0" support, and H4 DB/SAR standard hidden Divergence showing on Romar support; next H2 H4 DB/SAR connection is to the top. Daily is up and showing SAR at the bottom.

Risk: H4 H2 is down.

Attached Image (click to enlarge)
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  • #17,047
  • Mar 2, 2021 2:17am Mar 2, 2021 2:17am
Quoting OliveBranch
{quote} Even a no entry day can be readily used as a lesson.
Exactly my friend learning everyday, win or lose the trade, there is always something new to learn. And every day is a new Paradox lesson, and the variables/scenario are never the same.
Gotta stay positive because even in loss its a win-win.
  • #17,048
  • Mar 2, 2021 1:40pm Mar 2, 2021 1:40pm
Quoting Lakers
{quote} Adjustment entry: Long. H2 DB/SAR standard hidden Divergence showing at the bottom of Fibo green "0" support, and H4 DB/SAR standard hidden Divergence showing on Romar support; next H2 H4 DB/SAR connection is to the top. Daily is up and showing SAR at the bottom. Risk: H4 H2 is down. {image}
Self-evaluation: Trade is successful.
During that time H2 Romar was resistance but it was showing "running thru center" because of H2 Purple crisscrossing Romar, so H2 Romar was not strong, and H4 EMA was showing resistance.
Learned in this scenario that when DB/SAR Divergence must/will connect to the opposite (from bottom or top); it will not be stop by EMA because for the next Divergence to connect the Divergence will likely be further and pass EMA (support or resistance) with DB/SAR showing.

**Please do not take my word for anything in the Paradox, as I am just a student learning the Paradox**
  • #17,049
  • Mar 2, 2021 2:12pm Mar 2, 2021 2:12pm
March 2nd, EUR/JPY.
Session: New open bar
Red News:

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.963
Last SAR attachment: 128.169
Fibo: Red/Down

Notes: The Daily is up. The Daily is showing an up move after the new SAR low.

H4:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last DB attachment: 129.064
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H4 is showing up move with DB/SAR Divergence showing after hit on Romar support. 4 horsemen are up, and EMA Purple showing cross but H4 Parabolic is not set in stone. BB carving in.

H2:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.064
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H2 showing up move with DB/SAR Divergence showing from H2 green Fibo "0" support. H2 is up.

H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: UP
Fibo: Red/Down

Notes: H1 is up and Fibo flipped to RED with H1 currently around Fibo red "0".


Final Notes: The market opened at the Daily Purple and is in consolidation. Market is up and showing an up move from support. Romars are support and H2 is the only chart with a green Fibo. H2 H4 only standard Divergence showing, the Daily is showing a new SAR low.


Projected long: Looking to go long at support.
  • #17,050
  • Mar 3, 2021 2:03am Mar 3, 2021 2:03am
Quoting Lakers
March 2nd, EUR/JPY. Session: New open bar Red News: Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: 129.963 Last SAR attachment: 128.169 Fibo: Red/Down Notes: The Daily is up. The Daily is showing an up move after the new SAR low. H4: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 129.064 Last SAR attachment: Together with DB Fibo: Red/Down Notes: H4 is showing up move with DB/SAR Divergence showing after hit on Romar support. 4 horsemen are...
Adjustment entry: Short.
H2 is showing a double top and H2 H4 DB/SAR are running together so the market can be in ranging mode. In ranging mode we can use DB/SAR Fibo for support resistance.
H2 Fibo flipped to red down and H2 DB/SAR standard Divergence connection on the Fibo red "0" resistance. H4 is showing ranging in the red Fibo from Romar 61.8 support to the market showing hit on H4 Fibo red 23.6 resistance with DB/SAR standard Divergence showing. TP is before H2 Parabolic support.

Risk: The market may be in an uptrend and not in ranging.

Attached Image (click to enlarge)
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  • #17,051
  • Mar 3, 2021 11:08am Mar 3, 2021 11:08am
Quoting Lakers
{quote} Adjustment entry: Short. H2 is showing a double top and H2 H4 DB/SAR are running together so the market can be in ranging mode. In ranging mode we can use DB/SAR Fibo for support resistance. H2 Fibo flipped to red down and H2 DB/SAR standard Divergence connection on the Fibo red "0" resistance. H4 is showing ranging in the red Fibo from Romar 61.8 support to the market showing hit on H4 Fibo red 23.6 resistance with DB/SAR standard Divergence showing. TP is before H2 Parabolic support. Risk: The market may be in an uptrend and not in ranging....
Self-evaluation: Trade is successful, TP +40.
During that time H4 was showing ranging in the Fibo, and in ranging we can use DB/SAR Fibo to show support/resistance including H1 H4 Daily for support/resistance reference.
Learned in this scenario of H4 showing ranging in Fibo to trade in the moment. During that time H4 Fibo 23.6 resistance showed it was going to stay at that level for the next upcoming bars because of how the 40 bars (39 bars showing) was set-up inside the H4 Fibo.

**Please do not take my word for anything in the Paradox, as I am just a student learning the Paradox**
  • #17,052
  • Edited 2:31pm Mar 3, 2021 2:12pm | Edited 2:31pm
Quoting Lakers
{quote} Self-evaluation: Trade is successful, TP +40. During that time H4 was showing ranging in the Fibo, and in ranging we can use DB/SAR Fibo to show support/resistance including H1 H4 Daily for support/resistance reference. Learned in this scenario of H4 showing ranging in Fibo to trade in the moment. During that time H4 Fibo 23.6 resistance showed it was going to stay at that level for the next upcoming bars because of how the 40 bars (39 bars showing) was set-up inside the H4 Fibo. **Please do not take my word for anything in the Paradox,...
March 3rd, EUR/JPY.
Session: New open bar
Red News: OPEC-JMMC Meetings, USD FED CHAIR POWELL SPEAKS.

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.963
Last SAR attachment: 128.169
Fibo: Red/Down

Notes: The Daily is up. The Daily is showing an up move after the new SAR low.

H4:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: 129.441
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H4 shows move down to EMA support after H4 23.6 resistance hit. White Purple crossed down.

H2:
ROMAR: Support
EMA: Support
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Up
Last DB attachment: 129.441
Last SAR attachment: 128.727
Fibo: Red/Down

Notes: H2 SAR showing hit on the Parabolic support. Parabolic flipped but its not set in stone. 4 horsemen down.

H1:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross:
Last EMA arrow:
Fibo: Red/Down

Notes: H1 showing 4 horsemen up (EDITED)


Final Notes: The Daily is showing an up move after SAR connection on support. H2 is showing down move from Fibo "0" resistance with SAR showing support at the bottom. H4 is showing a retrace to EMA support without SAR after the DB/SAR standard Divergence connection on Fibo "23.6" resistance so H4 hidden Divergence can show up.

Projected long: Looking to go long at support.
  • #17,053
  • Edited 4:01pm Mar 4, 2021 11:20am | Edited 4:01pm
Quoting Lakers
{quote} March 3rd, EUR/JPY. Session: New open bar Red News: OPEC-JMMC Meetings, USD FED CHAIR POWELL SPEAKS. Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: 129.963 Last SAR attachment: 128.169 Fibo: Red/Down Notes: The Daily is up. The Daily is showing an up move after the new SAR low. H4: ROMAR: Support EMA: Support PSAR: Support Checklist: Last DB attachment: 129.441 Last SAR attachment: Together with DB Fibo: Red/Down Notes: H4 shows move down to EMA support after H4 23.6...
No-entry: Was not looking for an entry because of the upcoming news. (hindsight and learning purposes) Bar 14:00 on H2 showed the Parabolic flip and the 4 horsemen up with EMA as support and during that time H4 had retraced to EMA support without SAR showing with the standard Divergence connection at the top so the hidden Divergence can show up.

**Please do not take my word for anything in the Paradox, as I am just a student learning the Paradox**
  • #17,054
  • Mar 4, 2021 1:49pm Mar 4, 2021 1:49pm
March 4th, EUR/JPY.
Session: New open bar
Red News: USD - NFP 5 AM PST

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.963
Last SAR attachment: 128.169
Fibo: Red/Down

Notes: The Daily is up. The Daily is showing an up move after the new SAR low.

H4:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: 129.625
Last SAR attachment: 129.035
Fibo: Red/Down

Notes: H4 shows move down to EMA support with SAR connection after H4 hidden Divergence showed up. 4 horsemen are up.

H2:
ROMAR: Support
EMA: Support
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.625
Last SAR attachment: 129.035
Fibo: Red/Down

Notes: H2 SAR showing hit on the Parabolic support after hit on upper BB resistance with DB/SAR Divergence connection showing. White Purple crossed

H1:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Red/Down

Notes: H1 showing 4 horsemen doiwn towards Romar support.

Final Notes: The market is showing a retrace to support after the market hit resistance. H2 H4 SAR connection showing support.
H2 upper BB and H2 red Fibo'0' is resistance. H2 EMA/Parabolic is support with H4 EMA as support.
  • #17,055
  • Mar 4, 2021 1:57pm Mar 4, 2021 1:57pm
Quoting Lakers
March 4th, EUR/JPY. Session: New open bar Red News: USD - NFP 5 AM PST Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: 129.963 Last SAR attachment: 128.169 Fibo: Red/Down Notes: The Daily is up. The Daily is showing an up move after the new SAR low. H4: ROMAR: Support EMA: Support PSAR: Support Checklist: Last DB attachment: 129.625 Last SAR attachment: 129.035 Fibo: Red/Down Notes: H4 shows move down to EMA support with SAR connection after H4 hidden Divergence showed up....
Entry: Going long TP/SL: 40pips, and decided to go 5 min before the new open bar because of the large spread at the start of a new bar.
The Daily H4 H2 is up. Market showed a retrace to support from resistance in an up market. H2 H4 is showing SAR connection on support;
H4 EMA as support, H2 EMA/Parabolic as support. MACD UP.

Risk: H2 H4 DB can reconnect with SAR to go to a deeper support.

Attached Image (click to enlarge)
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  • #17,056
  • Mar 4, 2021 6:16pm Mar 4, 2021 6:16pm
Quoting Lakers
{quote} Entry: Going long TP/SL: 40pips, and decided to go 5 min before the new open bar because of the large spread at the start of a new bar. The Daily H4 H2 is up. Market showed a retrace to support from resistance in an up market. H2 H4 is showing SAR connection on support; H4 EMA as support, H2 EMA/Parabolic as support. MACD UP. Risk: H2 H4 DB can reconnect with SAR to go to a deeper support. {image}
Self-evaluation: Trade is unsuccessful.
Big mistake for multiple reason.
Today I learned I should not make entry before the new Daily bar because 1. there is going to be new data for a new bar, 2. there is going to be a possible gap, and that gap may or may not be in my favor so taking that risk is not worth it. Also everything was rushed, patience was key.
What I should have done is be patient and wait for the new Daily bar to show the new visual, and if there is an entry then wait for the spread to lower.
  • #17,057
  • Mar 5, 2021 4:50am Mar 5, 2021 4:50am
Quoting Lakers
{quote} Self-evaluation: Trade is unsuccessful. Big mistake for multiple reason. Today I learned I should not make entry before the new Daily bar because 1. there is going to be new data for a new bar, 2. there is going to be a possible gap, and that gap may or may not be in my favor so taking that risk is not worth it. Also everything was rushed, patience was key. What I should have done is be patient and wait for the new Daily bar to show the new visual, and if there is an entry then wait for the spread to lower.
Hi Lakers,
Some constructive discussion. Please take it the way it is intended.
Your plan stated:
H2:
ROMAR: Support
EMA: Support
"PSAR: Resistance"
Yet your notes and entry chart post clearly shows PSAR as Support (which happens to be at the 38.2 Fibo).
At the end of your plan, after your final notes, you did not state what the market's state was in (Trend or Consolidation).
No need to ask why to both of those facts. This is just sloppy workmanship. Which leads to confusion.
You did not state when you were going to enter, nor with what rule an entry will be based upon.
Nobody reading your plan could have known what you were going to plan to do next because it was deliberately omitted.
Any rush = no entry. Dana had told me the same thing here on this thread, so, I feel confident of sharing the experience as being a valid rule for all.
Rush = emotion. Emotion is not objective.
You traded outside of the usual session you seem to have chosen for most of your trades, and also did not enter at the close of a bar/new open bar.
Wow.

Ambiguous behaviour; gives the same sort of results.
How many rules do you need to break before you increase the chances of a negative outcome? Just 1. See post 9885.
Is there any trader here who enjoys the fruits of deliberately increasing the chances of failure?

My recommendation is to stay true and to be fully transparent to yourself and to the whole of the method that Dana teaches.
If you make up your own rules then the story is sad.....
  • #17,058
  • Mar 5, 2021 7:52am Mar 5, 2021 7:52am
Quoting Lakers
{quote} Self-evaluation: Trade is unsuccessful. Big mistake for multiple reason. Today I learned I should not make entry before the new Daily bar because 1. there is going to be new data for a new bar, 2. there is going to be a possible gap, and that gap may or may not be in my favor so taking that risk is not worth it. Also everything was rushed, patience was key. What I should have done is be patient and wait for the new Daily bar to show the new visual, and if there is an entry then wait for the spread to lower.

Your right here Lakers
"there is going to be new data for a new bar", "Also everything was rushed", "What I should have done is be patient and wait for the new Daily bar to show the new visual, and if there is an entry then wait for the spread to lower."

Good on ya for posting plans. Its not always easy to do. But its your path so keep it up.

Oli's right and I believe you already know that some of your trades are emotional based.

Have a look at pages 461 and 462
  • #17,059
  • Mar 5, 2021 9:42am Mar 5, 2021 9:42am
Exactly guys, I understand my big mistake and and im fully transparent. I was rushing everything and was not 110% focus. If I was patient and took my time, things could have turn out differently.
  • #17,060
  • Mar 7, 2021 2:05pm Mar 7, 2021 2:05pm
March 7th, EUR/JPY.
Session: New open bar
Red News:

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.963
Last SAR attachment: 128.169
Fibo: Red/Down

Notes: The Daily up, and opened at Smooth. White Purple at the crossing. SAR is showing at the bottom. MACD decreasing.

H4:
ROMAR: Support
EMA: Resistance
PSAR: resistance
Checklist:
Last DB attachment: 128.834
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H4 4 horsemen is down, EMA Purple crossed down. Fibo "61.8" is resistance. DB/SAR standard Divergence connection on "38.2" support. BB are carved in inside the Fibo, and lower BB is above Romar, Romar support is out of play.

H2:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 128.834
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H2 showing range inside the Fibo, and H2 hit Romar support with DB/SAR both Divergence showing. "23.6" is resistance. 4 horsemen down, BB are flattening.

H1:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Green/Up

Notes: H1 Fibo flipped to green, H1 Romar EMA crossed down. Smooth Purple at the crossing.

Final Notes: The Daily is up and opened at Smooth, Daily White Purple at the crossing. H4 H2 is showing range inside the Fibo. Note H1 Romar EMA crossed down and H1 Fibo is green.

Projected long: Looking to go long at support with confluence.
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