The paradox System 2023 (for beginners)

Quoting SeriTrade

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Got my 40 pips. Evaluation: 2H hit bottom BB with BB flat and as per rule on a down trend it will either retrace back to EMA or opposite band. Market hit 2H romar/EMA and was waiting for Romar cross EMA down. Entry was after Romar/EMA cross down. 4H purple has cross EMA down but market was at Romar/38.2 Looking at 2H from entry to 61.8 there is only 33 pips. So not sure if this entry is good. Please comment. {image}

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Quoting Danielesse87

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{quote} On the candle prior to your entry, when the market hit Romar it was 40+ pips to 61.8, then the fibo moved. But I think it was a good entry. Rather, your plan said "wait for 2h SAR hit". I don't know if you meant "PSAR hit". In any case there was no SAR attachment and no PSAR hit so the entry was not according to your plan. This is the only observation I can make. This is not a criticism, just an observation

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Quoting Danielesse87

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I'm short from purple/61.8 My SL is above Romar resistance and the TP is before 100% fib. Not sure if the retracement will go any further. My entry seems to me to be on a good point of confluence with purple/fib and smooth 1h. Evaluation later. Any comments will be appreciated {image}

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Quoting SeriTrade

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Got my 40 pips. Evaluation: 2H hit bottom BB with BB flat and as per rule on a down trend it will either retrace back to EMA or opposite band. Market hit 2H romar/EMA and was waiting for Romar cross EMA down. Entry was after Romar/EMA cross down. 4H purple has cross EMA down but market was at Romar/38.2 Looking at 2H from entry to 61.8 there is only 33 pips. So not sure if this entry is good. Please comment. {image}

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Quoting L1ghtning

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You need to line up the fib levels with support and resistance. What was H4 61.8 yesterday lined up with? What is H2 61.8 today lined up with? 61.8 is where the retraces happen as I showed with screenshots yesterday. There are times you know when going down the H2 fibo that 61.8 is the bottom, again because its lined up. Bigger picture

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Quoting Baje

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{quote} Ok! The H4 61.8 RES was lined up with the H2 Fib 0 RES indicating a SHORT. The H2 61.8 is not so clear cut.

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Quoting L1ghtning

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{quote} Nope, look at the bigger picture. What was hit as resistance when the H4 61.8 was hit as resistance yesterday? This isn't some kind of trick, the answer is right in front of you.

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Quoting Baje

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{quote} Still seems to be the H2 Fib 0 with divergence. If not that, then I am not seeing something. Ah! The Daily 61.8 Res.

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Quoting L1ghtning

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{quote} Yesterday the market hit Daily smooth resistance and the H4 61.8.

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Quoting Baje

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{quote} Ooops! Ok! I see that but I had tunnel vision with the Fibos. My bad! So, the confluence of the H4 and Daily SMOOTH RES, coupled with the H2 reaching the Swing High (0 FIBO) with divergence was more than enough evidence to trade SHORT. Going forward I will pay careful attention to those significant Fib levels.

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Quoting Baje

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{quote} Ooops! Ok! I see that but I had tunnel vision with the Fibos. My bad! So, the confluence of the H4 and Daily SMOOTH RES, coupled with the H2 reaching the Swing High (0 FIBO) with divergence was more than enough evidence to trade SHORT. Going forward I will pay careful attention to those significant Fib levels.

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Quoting L1ghtning

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{quote} Have you even read my posts: https://www.forexfactory.com/thread/...8#post14450438 https://www.forexfactory.com/thread/...9#post14450129 I went well out of my way to find as close to what would have happened on EURJPY if not for the release. In the original thread you were just told 'wrong' and then you had to wait 3 months for the same scenario to happene again to have another go.

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Quoting L1ghtning

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{quote} Have you even read my posts: https://www.forexfactory.com/thread/...8#post14450438 https://www.forexfactory.com/thread/...9#post14450129 I went well out of my way to find as close to what would have happened on EURJPY if not for the release. In the original thread you were just told 'wrong' and then you had to wait 3 months for the same scenario to happene again to have another go.

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Quoting Lusky

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{quote} Everyone needs pay close attention to what L1ghtning is doing and saying here. Many people just do a quick read and not absorb. I understand human nature makes us want to be able to take a successful trade since we are sitting here in front of the charts but without your plan showing you the market condition and rules you will not succeed. You need to collect everything that is shared in the original thread and here and treat all of it as rules. Everything Dana wrote is a rule, anytime he shares something it's a rule, you're not gonna get...

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Quoting L1ghtning

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You need to line up the fib levels with support and resistance. What was H4 61.8 yesterday lined up with? What is H2 61.8 today lined up with? 61.8 is where the retraces happen as I showed with screenshots yesterday. There are times you know when going down the H2 fibo that 61.8 is the bottom, again because its lined up. Bigger picture

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Quoting Lusky

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{quote} Everyone needs pay close attention to what L1ghtning is doing and saying here. Many people just do a quick read and not absorb. I understand human nature makes us want to be able to take a successful trade since we are sitting here in front of the charts but without your plan showing you the market condition and rules you will not succeed. You need to collect everything that is shared in the original thread and here and treat all of it as rules. Everything Dana wrote is a rule, anytime he shares something it's a rule, you're not gonna get...

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Quoting Danielesse87

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{quote} it's hard to study from the original thread. This is because the images of the charts that refer to the rules/scenarios described are often missing. Even some rules are not so clear and so this pushes us to interpret, and this is dangerous because it leads you to create your own rules which are not the rules of the paradox. But you guys are proof that it can be done. I won't give up.

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Quoting Danielesse87

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{quote} Ok this makes sense to me. So odds of 61.8 will hold resistance/support are higher if the level is aligned with a resistance/support on the big picture. Today 61.8 was not aligned with other support and the market was more likely to break through. Thank you

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