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The paradox System 2023 (for beginners)

  • #521
  • Jun 12, 2023 6:10am Jun 12, 2023 6:10am
Quoting Dreamwings
{image}
I'm sorry but your charts are incorrect. did you follow all the directions in the first pages of the original thread?
  • #522
  • Jun 12, 2023 6:51am Jun 12, 2023 6:51am
Quoting Dreamwings
{image}
This chart is incorrect. Might just be a broker with compromised data.....

Is this a picture of the whole chart or did you just show part of it? Post your H2 and H4 also if you want help.
  • #523
  • Jun 12, 2023 5:18pm Jun 12, 2023 5:18pm
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  • #524
  • Jun 12, 2023 5:27pm Jun 12, 2023 5:27pm
Quoting Dreamwings
{image} {image} {image}
It does appear you loaded your charts correctly and you do have the correct bar count. Seems you are using a broker that is not always open when the spot market is open and their data is compromised.
  • #525
  • Jun 12, 2023 6:05pm Jun 12, 2023 6:05pm
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Since I'm still Long from yesterday, I won't take a new trade but I will adjust SL and TP according to the new plan
  • #526
  • Jun 12, 2023 6:32pm Jun 12, 2023 6:32pm
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  • #527
  • Jun 13, 2023 1:44am Jun 13, 2023 1:44am
Quoting Danielesse87
{image} Since I'm still Long from yesterday, I won't take a new trade but I will adjust SL and TP according to the new plan
Result: TP +49
Evaluation:
1- yesterday's entry was late, the best entry would have been at the open candle with the green EMAx. Probably there was an entry even earlier, I re-read my notes but I didn't find it. With the open above smooth and purple at white the TP would have been hit yesterday but I don't know if this rule exists, I have to look.
2- today's entry was a good trade I think. The usual doubt is whether or not to wait for a deeper retracement / which support to choose as a trigger. At that moment there was confluence on smooth and I chose that. SAR needed to reconnect to the DB.

Any comments will be appreciated
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  • #528
  • Jun 13, 2023 2:06am Jun 13, 2023 2:06am
Quoting SeriTrade
{image}
+40 pips.
Evaluation: Entry at 2H smooth/38.2, 1H EMA/PSAR
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  • #529
  • Jun 13, 2023 2:21am Jun 13, 2023 2:21am
Quoting Danielesse87
{quote} Result: TP +49 Evaluation: 1- yesterday's entry was late, the best entry would have been at the open candle with the green EMAx. Probably there was an entry even earlier, I re-read my notes but I didn't find it. With the open above smooth and purple at white the TP would have been hit yesterday but I don't know if this rule exists, I have to look. 2- today's entry was a good trade I think. The usual doubt is whether or not to wait for a deeper retracement / which support to choose as a trigger. At that moment there was confluence on smooth...
My yesterday's entry would be same as yours if i am at my computer. Not sure according to rules or not.
Is there an entry a candle earlier (marked yellow up) from your entry? ie White cross purple, smooth at purple for crossing, open above smooth.
  • #530
  • Edited 2:51am Jun 13, 2023 2:39am | Edited 2:51am
Quoting SeriTrade
{quote} My yesterday's entry would be same as yours if i am at my computer. Not sure according to rules or not. Is there an entry a candle earlier (marked yellow up) from your entry? ie White cross purple, smooth at purple for crossing, open above smooth.
Hello SeriT
As I said yesterday I think I should have entered at the open candle exactly. I hesitated as I wanted to enter closer to the support, then again the "fear" of losing the trade made me enter late. If I had waited patiently there would have been at least one more chance to enter.

It is probable that there was an earlier entry. We were consolidating and when purple was crossing white it was eliminating PSAR and with the open above smooth it was an entry. Take this with a grain of salt though as I couldn't find a similar scenario in my notes. I have to look better

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  • #531
  • Jun 13, 2023 2:53am Jun 13, 2023 2:53am
Quoting SeriTrade
{quote} My yesterday's entry would be same as yours if i am at my computer. Not sure according to rules or not. Is there an entry a candle earlier (marked yellow up) from your entry? ie White cross purple, smooth at purple for crossing, open above smooth.
Just realise i didn't include the chart.
Here it is.
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  • #532
  • Jun 13, 2023 2:55am Jun 13, 2023 2:55am
Quoting SeriTrade
{quote} Just realise i didn't include the chart. Here it is. {image}
Yes, I'm talking about that candle. Try to see if you can find anything on a similar scenario in your notes
  • #533
  • Jun 13, 2023 10:09am Jun 13, 2023 10:09am
i took a trade after the news
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  • #534
  • Jun 13, 2023 10:22am Jun 13, 2023 10:22am
Quoting Danielesse87
i took a trade after the news{image}
very nice, I took the same trade and grabbed 80 pips
  • #535
  • Jun 13, 2023 11:15am Jun 13, 2023 11:15am
Seems nobody will find the easter egg from my trading plan, I will reveal as soon as it's over which might not be long now
  • #536
  • Jun 13, 2023 5:43pm Jun 13, 2023 5:43pm
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  • #537
  • Jun 13, 2023 5:47pm Jun 13, 2023 5:47pm
Quoting Danielesse87
i took a trade after the news{image}
Same here for 40 pips.
  • #538
  • Edited Jun 14, 2023 1:41am Jun 13, 2023 6:22pm | Edited Jun 14, 2023 1:41am
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Edit: I won't be at my computer for next 5 to 6 hrs. Hopefully back in time to see some setup.
  • #539
  • Jun 14, 2023 4:25am Jun 14, 2023 4:25am
It looks like we will have a slider.
white cross purple and smooth cross purple on the next bar but market don't open below EMA and now smooth is at white for cross but EMA is far from purple. In studying slider notes there are these two rules. Dana in some posts says that if smooth crosses purple in the same or next bar, in 90% of cases the market will open below EMA and that is an entry for reversal. However there is a second rule for the slider: if Smooth crosses the white and EMA is not at purple for the cross on the same bar then we have a slider.

I'm still not sure if the first rule is for one scenario and the second is for another scenario. What I see visually by backtesting is that the first rule is not always followed. Obviously this also depends on the bigger picture.

The news at 2.30 pm (gtm+2) is just a few hours away. So I'll be watching at least until after the news but it's likely that I won't be doing any trades today
  • #540
  • Jun 14, 2023 5:51am Jun 14, 2023 5:51am
finally got the settings right for the Simulator and will be able to go back in the old posts of the original thread to see exactly what the traders are talking about. I think this will help me a lot as it was one of my biggest difficulties if not the main one! Thanks to Baje for his help!
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