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Something Out of Nothing

  • #21
  • Jun 13, 2013 12:29pm Jun 13, 2013 12:29pm
Quoting dove_alliance
Hello Traders and blessings; Most of the old timers on this forum know who I am as I have been trading since the early 2000. I am also a very successful trader and have made my fortune in the FX market; and had done so in total faith - not in myself – but in the Holy Spirit. I am not here to preach or try changing your views in what you believe; but to give you various avenues of also becoming successful in this market.
One of the most eye-opening threads
Subscribed. Well done sir
  • #22
  • Jun 13, 2013 12:38pm Jun 13, 2013 12:38pm
Quoting dove_alliance
Here is an example of a Paradox Trend. Day before yesterday - just after 17:00 ET the trend changed from down to the up on my trading charts. But - the problems was - the Daily is down which means there was a retrace to the resistance area on my charts. I traded the retrace to the resistance with a TP and had a price alert set at the 129.00 for an entry back into the short. The resistance on my chart was at the 129.20 for entry and closed the trade this morning at support with 420 pips. These supports and resistance are created by the paradox trend...

But how do you know if those supports/resistances are gonna hold or break ?
  • #23
  • Jun 13, 2013 12:39pm Jun 13, 2013 12:39pm
Quoting AhmadYt
{quote} One of the most eye-opening threads Subscribed. Well done sir
I took another retrace off support at the 125.48 and took profit at the 126.40 at resistance which are on my charts.
The Dove - Forex Trainer
  • #24
  • Jun 13, 2013 12:41pm Jun 13, 2013 12:41pm
Quoting metta87
{quote} But how do you know if those supports/resistances are gonna hold or break ?
There is a crossing in which the base of the indicators will give you this information before it happens.
The Dove - Forex Trainer
  • #25
  • Jun 13, 2013 12:43pm Jun 13, 2013 12:43pm
Hi Dove

I re-assessed and renewed my profile following your comments.

Best Regards

mickey
  • #26
  • Jun 13, 2013 12:46pm Jun 13, 2013 12:46pm
Quoting Mickeyf
Hi Dove I re-assessed and renewed my profile following your comments. Best Regards mickey
Very good Mickey
The Dove - Forex Trainer
  • #27
  • Jun 13, 2013 12:53pm Jun 13, 2013 12:53pm
The name of this game is called "Support" and "Resistance". This is totally what the Forex is about. It has nothing to do do with price action or even volume. It is about trading from the lowside for the long and the highside for the short of support and resistance.
The Dove - Forex Trainer
  • #28
  • Jun 13, 2013 12:57pm Jun 13, 2013 12:57pm
Hi Dove

Thanks for the teaching!

mickey
  • #29
  • Jun 13, 2013 1:02pm Jun 13, 2013 1:02pm
Quoting dove_alliance
The name of this game is called "Support" and "Resistance". This is totally what the Forex is about. It has nothing to do do with price action or even volume. It is about trading from the lowside for the long and the highside for the short of support and resistance.
But sir, aren't the highside and lowside somewhat relative between the traders until later confirmed?
  • #30
  • Jun 13, 2013 1:05pm Jun 13, 2013 1:05pm
There is another resistance at the 127.00 and I never go beyond the first resistance/support of the trend. The trend is down and counter trading beyond the first resistance is pure risk. The same goes for an uptrend.
The Dove - Forex Trainer
  • #31
  • Jun 13, 2013 1:08pm Jun 13, 2013 1:08pm
Quoting AhmadYt
{quote} But sir, aren't the highside and lowside somewhat relative between the traders until later confirmed?
No - they are confirmed on the proper charts. Waiting for confirmation of another trader is like waiting on a thunderstorm in which never arrives and you are late for the entry.
The Dove - Forex Trainer
  • #32
  • Jun 13, 2013 1:18pm Jun 13, 2013 1:18pm
In the beginning of my trading career I have done what everyone else is doing - waiting on confirmation. And eventually learned that those who have given the confirmations had no idea what they were taking about. You start listening to a trader that has no knowledge will eventually take you down with him/her.
The Dove - Forex Trainer
  • #33
  • Jun 13, 2013 1:57pm Jun 13, 2013 1:57pm
Quoting dove_alliance
In the beginning of my trading career I have done what everyone else is doing - waiting on confirmation. And eventually learned that those who have given the confirmations had no idea what they were taking about. You start listening to a trader that has no knowledge will eventually take you down with him/her.
Dove I hope you won't mind me asking but did you come up with your method by yourself or did you have a mentor that showed you how to trade, because it seems to me ,and i may be wrong, that what you are doing is a little unconventional.
Also, by support resistance do you mean the high/low of candlesticks ? Thanks.
  • #34
  • Jun 13, 2013 2:05pm Jun 13, 2013 2:05pm
In a post above I have talked about the difference between Subjective vs. Objective:


Being subjective:

a: Obsolete: of, relating to, or characteristic of one that is a subject especially in lack of freedom of action or in submissiveness.

b: Characteristic of or belonging to reality as perceived rather than as independent of mind : phenomenal — compare objective.

Examples:

1. Dreaming is a subjective experience.

2. A person's subjective perception of the world.

3. Personal taste in clothing is very subjective.

4. In reviewing applicants, we consider both objective criteria, such as test scores, and subjective criteria, such as leadership ability.

5. Law can be maddeningly subjective. So much is left up to your own interpretation.

6. Art is never a commodity. Commodities are identical units of sure value—bushels of wheat, say—whose price fluctuates from time to time and place to place. Art works are one-of-a-kind … items, materially worthless, which have in common that a price is asked for them. Their value is entirely subjective.

Being objective:

a: Relating to or existing as an object of thought without consideration of independent existence.

b: Involving or deriving from sense perception or experience with actual objects, conditions, or phenomena <objective awareness> <objective data>.

c: Expressing or dealing with facts or conditions as perceived without distortion by personal feelings, prejudices, or interpretations.

d: Of a test: limited to choices of fixed alternatives and reducing subjective factors to a minimum.

And these differences does relate to the world of trading. If you are subjective with the market and letting the market control you - then the battle is lost. But on the other hand - if you are objective and seeing things as they truly are - then the battle is won.
The Dove - Forex Trainer
  • #35
  • Jun 13, 2013 2:10pm Jun 13, 2013 2:10pm
Quoting metta87
{quote} Dove I hope you won't mind me asking but did you come up with your method by yourself or did you have a mentor that showed you how to trade, because it seems to me ,and i may be wrong, that what you are doing is a little unconventional. Also, by support resistance do you mean the high/low of candlesticks ? Thanks.
In my first post I talked about the creation of this system which was done by the Holy Spirit. And the Holy Spirit is my mentor. Candlesticks has nothing to do with support and resistance but only through the paradox - and yes - this system is unconventional.
The Dove - Forex Trainer
  • #36
  • Jun 13, 2013 8:57pm Jun 13, 2013 8:57pm
Today I had given an example of the Paradox Trend. Here some snippets of my trades.

Entry was at the support area for the long in which I took at the 125.48
Attached Image


It then hit the first resistance at the 126.40 and took profit
Attached Image


It then got above resistance and resistance automatically becomes support so reentered for another long heading for the primary resistance at the 128.08 in which the trend said it would do so.
Attached Image


The market hit the Primary resistance at the 128.08 took profit and reentered for the short back into the Daily trend and took profit at the first resistance which is now support at the 126.40
Attached Image


This snippet is showing you the up trend with the hit on the primary resistance - and reversal back into the Daily Trend.
Attached Image


This is known as a Paradox Trend with support and resistance as they are moving with the trend. And believe me - this system never fails.
The Dove - Forex Trainer
  • #37
  • Jun 13, 2013 11:24pm Jun 13, 2013 11:24pm
From the snippets it seems that these lines ( moving average ?) show support resistance and maybe the trend ?correct ?how about the golden dots ? Also when there are consolidations can you still manadge to make the 40 pips or do you just wait ?Thanks.
  • #38
  • Jun 14, 2013 7:05am Jun 14, 2013 7:05am
Quoting metta87
From the snippets it seems that these lines ( moving average ?) show support resistance and maybe the trend ?correct ?how about the golden dots ? Also when there are consolidations can you still manadge to make the 40 pips or do you just wait ?Thanks.
Yes - even in consolidation you still can make 40 a day.
The Dove - Forex Trainer
  • #39
  • Jun 14, 2013 7:10am Jun 14, 2013 7:10am
Patiently, quietly, humbly absorbing. Many thanks ... Much respect.
Ghost Rider - WWTBMD?
  • #40
  • Jun 14, 2013 7:21am Jun 14, 2013 7:21am
Quoting albchr
Patiently, quietly, humbly absorbing. Many thanks ... Much respect.
You are welcome and I thank you.
The Dove - Forex Trainer
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