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The Paradox System

  • #17,101
  • Mar 16, 2021 2:44pm Mar 16, 2021 2:44pm
March 16th, EUR/JPY.
Session: New Daily bar
Red News: USD 11:00 AM

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 130.476
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: The Daily shows down move to Smooth support from Fibo "0" red resistance, and opened at Smooth. Daily is up.

H4:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last DB attachment: 129.477
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H4 DB/SAR standard Divergence showing connection on Fibo "61.8"/Lower BB support. H4 is down. Romar is currently out of play.

H2:
ROMAR: Support/Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 129.477
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H2 DB/SAR standard Divergence showing connection at Fibo green "0" support, and showing hit on lower BB support. H2 is down, Romar is support/resistance.

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

Notes: H1 is showing hit on lower BB support, and Romar EMA has crossed down. White Purple crossed.


Final Notes: The market is in consolidation, in consolidation we trade from support to resistance and vice-versa. The market is showing a down move from resistance to H4 H2 H1 lower BB support, and also hit on Daily Smooth support.
Note H4 Romar is out of play, and H2 H1 Fibo is green.


Projected entry: Wait will for a clear visual for the upcoming bars, and make an entry within the rules with the least possible risk.
  • #17,102
  • Mar 16, 2021 5:32pm Mar 16, 2021 5:32pm
Assessment
Trade lost.
Closed15 mins before (disastrous) US Retail trade figures, down 3 pips.
Generally not a good trade.
Mistakes (that I can see)
Didn't eliminate risk - traded against resistance, 4 red fibs all at the top of their charts.
Traded from the middle in consolidation.
And anticipated - smooth cross purple.
  • #17,103
  • Edited 2:30pm Mar 17, 2021 1:31pm | Edited 2:30pm
Quoting Lakers
March 16th, EUR/JPY. Session: New Daily bar Red News: USD 11:00 AM Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Up Last EMA arrow: Up Last DB attachment: 130.476 Last SAR attachment: Together with DB Fibo: Red/Down Notes: The Daily shows down move to Smooth support from Fibo "0" red resistance, and opened at Smooth. Daily is up. H4: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 129.477 Last SAR attachment: Together with DB Fibo: Red/Down Notes: H4 DB/SAR standard Divergence showing...
No-entry: no entry, incoming news
  • #17,104
  • Mar 17, 2021 4:37pm Mar 17, 2021 4:37pm
Date: 18/03/2018 Currency: Eur/Jpy

Daily:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 130.476
Last SAR Attachment: top 130.476
Fibonacci: red

Notes: Daily is in a full uptrend with DB/SAR up top and red fibo

4 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 130.439
Last SAR Attachment: top 130.439
Fibonacci: red

Notes: H4 is in full uptrend with DB/SAR up top with red fibo

2 HR:
OPEN PRICE – 130.354
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top 130.439
Last SAR Attachment: top 130.439
Fibonacci: green

Notes: H2 in full uptrend with DB/SAR up top with green fibo

1 HR:
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Fibonacci: red

Notes: H1 in full uptrend and red fibo

EUR, USD, JPY Market news: GBP news at 10pm, MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate

Market type: trend.
Final Notes: All timeframes are in a full uptrend with H2 been the only green Fibo. Looking to do a buy on H2 EMA hit
Causa sui
  • #17,105
  • Mar 17, 2021 10:04pm Mar 17, 2021 10:04pm
Quoting mexican301
Date: 18/03/2018 Currency: Eur/Jpy Daily: ROMAR - support EMA - support PSAR - support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: top 130.476 Last SAR Attachment: top 130.476 Fibonacci: red Notes: Daily is in a full uptrend with DB/SAR up top and red fibo 4 HR: ROMAR - support EMA - support PSAR - support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: top 130.439 Last SAR Attachment: top 130.439 Fibonacci: red Notes: H4 is in full uptrend with DB/SAR up top with red fibo 2...
Notes for readjustments: H2 has had a SAR attach on bottom close to a Psar hit. H1 looks as it may be turning with purple crossing white and smooth
Entry: Long entry and there wasnt 40 pips to the top so thats a major risk
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 18.03.2021.PNG Size: 71 KB



Causa sui
  • #17,106
  • Mar 18, 2021 2:03pm Mar 18, 2021 2:03pm
March 18th, EUR/JPY.
Session: New Daily bar
Red News:

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Up
Last DB attachment: 130.651
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: The Daily opened below Smooth, the Daily is showing a retrace to support with the DB/SAR standard hidden Divergence connection showing at the top. White Purple crossed.

H4:
ROMAR: Support
EMA: Resistance
PSAR: Resistance
Checklist:
Last DB attachment: 129.581
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H4 is showing a down move from Fibo red "0" resistance to Fibo red "61.8"/Romar support. H4 is showing range inside the Fibo. H4 down, and EMA Purple at the crossing.

H2:
ROMAR: Support/Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 129.581
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: H2 showing a down move towards Fibo red "100". H2 is down. Romar Purple crossed.

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

Notes: H1 in sync with H2. H1 Fibo is green/up, and Romar EMA crossed down.


Final Notes: The Daily is showing a retrace to support from the Divergences. The market may be showing ranging; H4 H2 DB/SAR are moving together. H4 showing range inside the Fibo. Note H1 Fibo flipped to green/up and H1 Romar EMA crossed down.

Projected long: Looking to go long from support in a ranging market.
  • #17,107
  • Mar 18, 2021 10:36pm Mar 18, 2021 10:36pm
Quoting mexican301
{quote} Notes for readjustments: H2 has had a SAR attach on bottom close to a Psar hit. H1 looks as it may be turning with purple crossing white and smooth Entry: Long entry and there wasnt 40 pips to the top so thats a major risk {image}
Evaluation: 8pip loss. Closed 5 mins before market news. This trade was a loss. The market was starting to turn after multiple higher highs.

I was way to excited to get a trade in and entered before checking that there was room for 40 pips to the top breaking that rule in the process. If I had of been more patient I would of started to see the turn on H1 and been able to enter at the parabolic hit for the turn on H2.
Attached Image (click to enlarge)
Click to Enlarge Name: 8pip loss.PNG Size: 68 KB
Causa sui
  • #17,108
  • Mar 19, 2021 4:05am Mar 19, 2021 4:05am
Quoting Lakers
March 18th, EUR/JPY. Session: New Daily bar Red News: Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down Last EMA arrow: Up Last DB attachment: 130.651 Last SAR attachment: Together with DB Fibo: Red/Down Notes: The Daily opened below Smooth, the Daily is showing a retrace to support with the DB/SAR standard hidden Divergence connection showing at the top. White Purple crossed. H4: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 129.581 Last SAR attachment: Together with DB Fibo: Red/Down...
Entry: Going long TP/SL 40 pips
When the market is ranging the DB/SAR moves together and the DB/SAR Fibo shows support/resistance. In range we trade from support to resistance and vice-versa.
H2 Fibo flipped to green; Fibo green "0" as support. H2 is showing DB/SAR with standard hidden Divergence support connection at the bottom, so next Divergence connection is to go top to resistance. The Daily "23.6" is support.
Note H4 Fibo will flip to green at the next H4 bar.

Risk: The market may not be in ranging but down swinging with the Daily EMA/MACD showing down.

Attached Image (click to enlarge)
Click to Enlarge Name: 9989a59bdb2548dcbed044e961f364eb.png Size: 73 KB
  • #17,109
  • Mar 19, 2021 12:20pm Mar 19, 2021 12:20pm
Quoting Lakers
{quote} Entry: Going long TP/SL 40 pips When the market is ranging the DB/SAR moves together and the DB/SAR Fibo shows support/resistance. In range we trade from support to resistance and vice-versa. H2 Fibo flipped to green; Fibo green "0" as support. H2 is showing DB/SAR with standard hidden Divergence support connection at the bottom, so next Divergence connection is to go top to resistance. The Daily "23.6" is support. Note H4 Fibo will flip to green at the next H4 bar. Risk: The market may not be in ranging but down swinging with the Daily...
Self-Evaluation: Manually closing the trade because the market is closing soon +13.
Regardless the entry was not the best, and there was probably a better entry going short mid-bar from H2 EMA resistance instead, on the H2 6:00 bar. During that time H2 had multiple bar opened between H2 Fibo red "61.8" and Fibo red "100" so the market can complete the H2 Fibo red "100%" (hindsight and learning purpose).

**Please do not take my word for anything in the Paradox, as I am just a student learning the Paradox**
  • #17,110
  • Mar 19, 2021 5:49pm Mar 19, 2021 5:49pm
Quoting mexican301
{quote} Evaluation: 8pip loss. Closed 5 mins before market news. This trade was a loss. The market was starting to turn after multiple higher highs. I was way to excited to get a trade in and entered before checking that there was room for 40 pips to the top breaking that rule in the process. If I had of been more patient I would of started to see the turn on H1 and been able to enter at the parabolic hit for the turn on H2.{image}
An emotion.
Other than that one action, I am satisfied with your evaluation and have nothing further to add.
Please allow me to discuss "excited".

When you drive a car Mexican, are you excited?
When others around you are driving a car and are "excited", do you feel safe when you are the car in front of them and they are tailgating you 30cm/1ft behind you or when they are beside you all agitated and throwing stuff out the window in your direction?

I remember once when I was teaching my son how to drive a car. I was thinking he was doing quite well after 2-3 months.
He was "excited" and very "keen" to do the speed limit instead of doing the safe speed limit for his ability (lack of ability) that I decided was safe. The speed I had decided upon was also well below the speed limit.
He got "angry" when I said no to being allowed to do the speed limit, "and to do as you're told, you aren't ready". That statement resulted in an explosion of emotion. So to prove the point, because he was explosive angry, and also because we happened to be located approaching a certain street I knew well... & for good reason I knew it well, I asked him to make a left turn into that particular street, and because he was "excited" by both speed and "anger", he took the turn going way too fast and almost took out a traffic island he did not see until it was way too late, as well as the car on the other side of the traffic island.
I never had another complaint about appropriate speed from him again.
After being given his drivers license, he became "excited" whilst he was tailgating, when the other car suddenly slam on their brakes and turn right and then he come home and complained to me very loudly and contemptuously about how the other driver was so rude to him and that THEY are to blame for almost causing an accident. I asked him if he was following the 2 second rule? He was silent for 2 seconds, then proceeded to continue with his tirade. I asked the question again. I have never heard another complaint about this incident, nor any further insults directed to other drivers since, regarding his failure to comply with the 2 second rule.

How does one stay safer? Whilst driving or trading? Lack of emotion. Our job is to just observe and do the rules. Yet, before doing that job, we actually have to Be something.

How does anybody follow the rules?

Be
Do
Have

In that order.
In regards to trading,
1st we "Be" everything the trader we need to be. We centre ourselves. Become the trader. As best we can. We will improve with age and experience and learning the lessons from making mistakes...gaining wisdom.
2nd we "Do" everything that a trader does.
3rd we "Have" everything a trader gets as the result
Everything, is a key word.

If you choose to foolishly change the order of those 3 must follow rules, for any part of your life, not just in trading, then you will find the traffic island soon enough.
An upset is a set up for a lesson. My son had an upset, so I set him up for a lesson immediately, by not allowing him to "think" he was better than he actually was and then have a huge accident later in life where he could hurt himself or others. My job firstly is to be a responsible parent, not be weak and give in to his manipulation via his display and application of anger or tears. So he received an even bigger upset when he learned he was actually not as good a driver as he "thought" he was. In this instance, the lesson was learned and learned immediately the upset occurred - by my good judgement call.
ie: you can not "Do" trading first, then "Have" what a profitable trader has second, and then "Be" a happy profitable trader last.
The order is as precise a rule as can be. Notice there is no "Want" in that process. Want is pretty much a desire. And Desire = emotion.
Gravity.
Can I prove this? When you ask a child what they "Want" to "Be" when they grow up? How many children say a job. A job is a "Do" thing, not a "Be" thing. And many of us adults do not correct the "thinking" that the child has. Mostly out of our own parental ignorance, so not pushing blame onto anyone, we can only do our best.
What do most parents wish for their children? "To Be happy" is a very common statement. Can you see the difference yet?
Another example: there is this phrase, "Be the change you want to see in the world". Now this phrase is not a quote from anybody, it is a paraphrased version of a longer transcript apparently from Ghandi. However, In order to be successful in following the nice notion of such a phrase, we need to firstly "Be". There is no mention of DO, because the process is we must Be first. In order to next, "Do" the things required to achieve this, When we are simultaneously Being & Doing, then we can Have some of the Have, without being greedy or needy. The phrase above does not say "Do the change you want to see in the world", nor does it say "Have the change you want to see in the world". There is a reason. Be, Do, Have.
We can not reverse or swap the order of those 3 things and expect to, in any way shape or form, achieve the result we are striving for.

Rule = Trade without emotion. Remember that. You remember that by Being the trader you need to be.
What to do? The moment you are getting excited, sad, angry, agitated etc, THAT is the time to STOP and learn the lesson from the upset. Applying this rule to trading: You Do nothing until you bring yourself back to firstly Being a trader...there will always be another trade. Dinner coming soon.
If you make up your own rules then the story is sad.....
  • #17,111
  • Mar 19, 2021 9:05pm Mar 19, 2021 9:05pm
Quoting OliveBranch
{quote} An emotion. Other than that one action, I am satisfied with your evaluation and have nothing further to add. Please allow me to discuss "excited". When you drive a car Mexican, are you excited? When others around you are driving a car and are "excited", do you feel safe when you are the car in front of them and they are tailgating you 30cm/1ft behind you or when they are beside you all agitated and throwing stuff out the window in your direction? I remember once when I was teaching my son how to drive a car. I was thinking he was doing quite...
Thankyou OliveBranch for your words of wisdom!
Causa sui
  • #17,112
  • Mar 21, 2021 2:37pm Mar 21, 2021 2:37pm
March 21st, EUR/JPY.
Session: New Daily bar
Red News: USD 6:00 AM

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 128.945
Last SAR attachment: Together with DB
Fibo: Red/Down

Notes: The Daily opened with a 50+ pips gap down with SAR showing. EMA MACD down arrow in sequence set in stone, and Smooth Purple crossed down.

H4:
ROMAR: Support/resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last DB attachment: 128.945
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H4 is down. DB/SAR with standard Divergence showing connection at the bottom on Fibo "0" support.

H2:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: 128.945
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H2 is down. DB/SAR with both Divergence showing connection at the bottom on Fibo "0" support.

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

Notes: H1 out of sync with H2.


Final Notes: The Daily opened with a 50+ pips gap down with SAR showing, and the Daily Smooth Purple crossed down with EMA MACD down arrow showing in sequence set in stone.
The market showed a down move and completed the H4 H2 red Fibo 100%. H4 H2 Fibo is green/up with DB/SAR connection at the green Fibo "0" support.

Projected long: Will look to buy when the spread lowers.
  • #17,113
  • Mar 21, 2021 3:02pm Mar 21, 2021 3:02pm
Quoting Lakers
March 21st, EUR/JPY. Session: New Daily bar Red News: USD 6:00 AM Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: 128.945 Last SAR attachment: Together with DB Fibo: Red/Down Notes: The Daily opened with a 50+ pips gap down with SAR showing. EMA MACD down arrow in sequence set in stone, and Smooth Purple crossed down. H4: ROMAR: Support/resistance EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 128.945 Last SAR attachment: Together with DB Fibo: Green/Up...
Entry: Going long TP/SL 40 pips.
When the market is in consolidation, we trade from support to resistance and vice-versa.
H4 H2 next DB/SAR connection is to the top after their last DB/SAR connection at the green Fibo "0" support(will be). The Daily SAR is showing and Daily EMA/Parabolic is still support. Note H2 lower BB is support.

Risk: The Daily DB can reconnect with the SAR to go deeper. H2 H4 is down.

Attached Image (click to enlarge)
Click to Enlarge Name: 0aea5c72e99bf6bff6852fd45deb0982.png Size: 70 KB
  • #17,114
  • Mar 22, 2021 4:53am Mar 22, 2021 4:53am
Quoting mexican301
{quote} Thankyou OliveBranch for your words of wisdom!
Don't thank me, thank the person on post 311. I just put in in a more personalised way for what appeared to be a mindset you get stuck in from time to time.
If you make up your own rules then the story is sad.....
  • #17,115
  • Mar 22, 2021 2:10pm Mar 22, 2021 2:10pm
Quoting Lakers
March 21st, EUR/JPY. Session: New Daily bar Red News: USD 6:00 AM Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: 128.945 Last SAR attachment: Together with DB Fibo: Red/Down Notes: The Daily opened with a 50+ pips gap down with SAR showing. EMA MACD down arrow in sequence set in stone, and Smooth Purple crossed down. H4: ROMAR: Support/resistance EMA: Resistance PSAR: Resistance Checklist: Last DB attachment: 128.945 Last SAR attachment: Together with DB Fibo: Green/Up...
Self-evaluation: Trade is successful.
The Paradox is all about the trend and support/resistance.
In consolidation we trade from support to resistance and vice-versa, and the market always moves support to resistance and vice-versa.
During that time the market made a down move plus the gap down to support with the DB/SAR showing, so next move had to go to resistance with DB/SAR showing.
The entry was around H2 H4 lower BB support and the Daily EMA/Parabolic was still support. Also I had to wait for a 1 hour bar for the spread to lower from 9-14 pips to 3.5-7 pips, so I have to remember the spread is still going to be a decent amount even after 1 hour from the opening(first day of the week).
  • #17,116
  • Mar 22, 2021 2:40pm Mar 22, 2021 2:40pm
March 22nd, EUR/JPY.
Session: New Daily bar
Red News: USD 7:00 AM

Daily:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Down
Last EMA arrow: Up
Last DB attachment: 130.651
Last SAR attachment: 128.945
Fibo: Red/Down

Notes: The Daily opened between Smooth resistance and EMA support. Smooth Purple crossed down. Also the SAR is showing on the Parabolic support. Note
EMA up arrow is showing.

H4:
ROMAR: Support
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: 128.945
Last SAR attachment: 129.935
Fibo: Green/Up

Notes: H4 4 horsemen is up with the SAR showing at the top. Romar is sliding under EMA, and EMA Purple is at the crossing.

H2:
ROMAR: Support/Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 Cross: Up
Last EMA arrow: Up
Last DB attachment: 129.935
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H2 is up and now showing the DB/SAR connection at resistance from support. BB are opening.

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

Notes: H1 Fibo is now red, and Romar EMA has crossed up.


Final Notes: The Daily opened between Smooth resistance and EMA support, the Daily EMA can be showing a slider for the up.
The market is showing an up move to H2 Romar support/resistance from H4 H2 lower BB support with the DB/SAR showing.
Note H4 Romar is sliding under EMA, and also H1 Romar EMA crossed up.

Projected long: Will look to go long from support.
  • #17,117
  • Mar 23, 2021 12:04am Mar 23, 2021 12:04am
Quoting Lakers
March 22nd, EUR/JPY. Session: New Daily bar Red News: USD 7:00 AM Daily: ROMAR: Support EMA: Support PSAR: Support Checklist: Last MACD 0 Cross: Down Last EMA arrow: Up Last DB attachment: 130.651 Last SAR attachment: 128.945 Fibo: Red/Down Notes: The Daily opened between Smooth resistance and EMA support. Smooth Purple crossed down. Also the SAR is showing on the Parabolic support. Note EMA up arrow is showing. H4: ROMAR: Support EMA: Support PSAR: Support Checklist: Last DB attachment: 128.945 Last SAR attachment: 129.935 Fibo: Green/Up Notes:...
Adjustment entry: Going short TP/SP 40 pips.
Will be changing the projected entry to short because of the new visual in the Paradox.
In consolidation we trade from resistance to support and vice-versa.
H2 is showing Romar sliding over EMA with the H2 EMA arrow down showing. H2 Parabolic flipped for the down. H2 H1 Romar as resistance.
Note the Daily Smooth Purple crossed down.

Risk: H2 Parabolic is not set in stone, H4 is up, and there is incoming news.

Attached Image (click to enlarge)
Click to Enlarge Name: 6e914b475809588627c53b992dc4d975.png Size: 77 KB
  • #17,118
  • Mar 23, 2021 11:47am Mar 23, 2021 11:47am
Quoting Lakers
{quote} Adjustment entry: Going short TP/SP 40 pips. Will be changing the projected entry to short because of the new visual in the Paradox. In consolidation we trade from resistance to support and vice-versa. H2 is showing Romar sliding over EMA with the H2 EMA arrow down showing. H2 Parabolic flipped for the down. H2 H1 Romar as resistance. Note the Daily Smooth Purple crossed down. Risk: H2 Parabolic is not set in stone, H4 is up, and there is incoming news. {image}

I wanted to congratulate you Lakers for being consistent and sharing your progress up until this point.
An impressive run of successfull trades with great humbleness.
It seems you already are at the 80% of profitable trades required.

I am sure if dove_alliance was still around he would have some special words to you.

I can only hope to some day reach your level of understanding.

Best regards,
Hugo
  • #17,119
  • Mar 23, 2021 1:09pm Mar 23, 2021 1:09pm
Quoting Sinai
{quote} I wanted to congratulate you Lakers for being consistent and sharing your progress up until this point. An impressive run of successfull trades with great humbleness. It seems you already are at the 80% of profitable trades required. I am sure if dove_alliance was still around he would have some special words to you. I can only hope to some day reach your level of understanding. Best regards, Hugo
Hi Sinai,
There is still so much more learning to be done, 80% win rate is not there yet, but hopefully it will happen as I am just a student learning what Master Dana taught us.
Master gave us a chance to become an Elite, and all the questions/answers is in this thread.
And we are grateful! Thank you Master Dana!

Thank you my friend for the kind word.
  • #17,120
  • Mar 23, 2021 1:43pm Mar 23, 2021 1:43pm
Quoting Lakers
{quote} Adjustment entry: Going short TP/SP 40 pips. Will be changing the projected entry to short because of the new visual in the Paradox. In consolidation we trade from resistance to support and vice-versa. H2 is showing Romar sliding over EMA with the H2 EMA arrow down showing. H2 Parabolic flipped for the down. H2 H1 Romar as resistance. Note the Daily Smooth Purple crossed down. Risk: H2 Parabolic is not set in stone, H4 is up, and there is incoming news. {image}
Self-evaluation: Trade is successful.
In consolidation we trade from resistance to support and vice-versa. H2 chart is your trend chart.
At the start of the new Daily bar we had H4 H1 Romar as support. and H2 Romar as support/resistance; I waited to see if H2 Romar was going to sync up but it did not, it instead showed a reversal at H2 Romar.
During the entry; H2 Romar cross Purple to become resistance with the EMA down arrow showing and possible MACD down arrow to show for them to be in sequence. H1 also showed Romar cross Purple to become resistance. H4 Romar(running thru center) was not strong support because it showed crisscrossing with Purple.
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