The Paradox System

I have an emergency that needs to be taken care of and be back as soon as I can.

Ok i wish that everything is ok. GoodLuck Dana. Take Care!

i short at the contour line..

i dont see any evidence sign of new trend

Strange. I don't have that contour line on my chart. I have everything else that looks exactly like your chart, but no contour line.

its a kind of projection of the last swing to infinity

FiboCountourDown ?

i see this line as a resistance

But why u short it? Horse is lined up, parabolic boottom, Romaar Bottom. The only thing that i see is in D1 we are in resistance of Purple. But well i only have reading this a few hours ago haha. So i wait for Dana tell us his comments.

me too... lol

i short beacause i thing we always in consolidation

The H2 give the trend..

how can we see evidence of new trend in that ??

every line at the same place.

The market is still in big consolidation. Looks like you sold right into major support of the 4 horseman bunched together like a wall, with only possibility of 10 or so pips my friend. Just my humble opinion.

I think a better sell should be on the other side of the support, if and when the bar takes out the parabolic, and support turns to resistance.
RC barlow, did you reboot your computer at sydney open? maybe that's why you don't have the contour line.

Alright traders I am back. Being a minister for marriages in crisis is like trying to teach traders to see things in a different light. Very difficult.

So why the trade from the contour line? The answer is because of the Daily 38.2 Fibo. The market has been bouncing off that line since the 22nd of the month. And that will take a missile from a prop trader dropping in 2-3 billion of currency to break it. That is how you get through that wall.

That reminds me. Some of the old timers will probably remember this:

Back in 2005 the Central Banks were pretty radical when it came to trading. It was nothing to catch the E/U in some very sophisticated trends. A 150 pips one in a session and another 100+ pips going the other way in another session. You could catch those trends 2 or 3 times a week. Back then - trading was a dream coming true.

One Friday with the NFP (Non-Farm Payroll) was getting ready to announce; precisely at 08:30 ET the market shot up 372 pips in a blink of an eye; and then back down to the starting point in the next blink; and dropped another 289 pips in the next blink. That was only the beginning this went on for over three hours from one 1 hour candle to the next 1 hour candle for three straight hours. No-one has never seen anything like it. This happened every first Friday of the month for NFP at 08:30 EST for over 6 months. And all we could do as traders is kick back; and watch the show. After it was over we then could get in and pick up the pieces.

One day at 08:30 EST with the NFP show; The banks got so radical with over a 600 pip lightning streak blew up the Main Brain of the Forex. The market was down for 2 days for repairs. That was the ending of the NFP show time.

And by the way that was a pretty good trade from the Daily Fibo resistance.

Just joining this thread and looking forward to learning.
Thank you dove.

38.2 ok i see...

The market going nowhere..

Very fun to play each side of the trail..

I realize i have past too much time to try create automated trading..

The manuel way with good indicator is unbeatable

Good News. I found one of my problems. I have 3 charts open across my screen. As a result, I do not see any contour lines. When I open the chart full screen, I see them. Now a lot of what you were saying makes sense. Without seeing the lines, it did not..

On one class I had we ran smack into a Daily consolidation. And the problem with that one was it being totally flat lined. That one lasted for 3 months. One thing I can say - they learned how to trade a Daily consolidation. If this going to break south we need the Parabolic flip on the 2 hour.

i have installed Splashtop on my phone..

Then i can see the charts all the day at work..

For minimize risk to buy too soon with the Sar.

I split my unit by 2 and if it go further i create a second ordre.