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The Paradox System

  • #1,941
  • Feb 9, 2016 7:20pm Feb 9, 2016 7:20pm
Quoting Repoman
Nice move on E/J. Let's be patient this time...wait to see what happens on H2. Study the comments Mr. Dove made later today regarding the trades that happened yesterday and the appropriate entries. Wait for the perfect setup...make it come to you....if it does.
Yeah, I made over 40+ pips on the short off the EMA on d1 just then but in analysis it probably wasnt the best trade according to the rules as there was news that came out at the same time
  • #1,942
  • Feb 9, 2016 7:20pm Feb 9, 2016 7:20pm
Quoting ben.deschain
{quote} Hi Contrax You have a nice plan...well explained...l understand what you are saying... make great sense... l read everything over and over... But l am still unable to enter at the right moment...l always get caught by a retracement that bust my SL and after it goes in the direction l have planned...100% of the time...Do not know what am l doing wrong? Can people already profitable with the system explain to us how to get better entries or share tricks... Some precise succesfull live entries with pics...well explained should be great for...
This is 6 months training system.. i already have 2 weeks more or less... If we post something.. is something repeat... Read all the Thread again my friend... print ur own resume... Read it with picture in the bathroom...
  • #1,943
  • Feb 9, 2016 7:37pm Feb 9, 2016 7:37pm
Quoting tonybrou
{quote} Yeah, I made over 40+ pips on the short off the EMA on d1 just then but in analysis it probably wasnt the best trade according to the rules as there was news that came out at the same time
Yeah...the end result doesn't justify the means but glad you made a few pips. It looks very similar to what happened yesterday but it could fool us. I'm watching to see how things look on H2 because it's the one that tells us the actual trend. H1 is for entry. The daily opening below EMA is a good sign though...if I'm understanding this correctly. Gotta be patient. In the past I haven't been and don't want to repeat the same old thing!
~ Tim
  • #1,944
  • Feb 9, 2016 8:14pm Feb 9, 2016 8:14pm
Im just posting what I see on the latest open candle can someone correct me if I am wrong in any area

D1

ROMAR: Crossed purple and is now above purple signifying trend is down
EMA: Under purple so is in swing uptrend but currently is resistance in the swing
WHite purple and smooth crossed on the last candle confirming downtrend

2h
ROMAR: trend is down as ROMAR is above purple and EMA
EMA: Is underneath purple so is in swing uptrend but acting as resistance to the swing trend

White purple: just crossed to confirm changing of swing trend to down

h1
ROMAR: ROMAR crossed purple change of trend to down and is also above EMA
EMA: EMA is still in swing trend up but is acting as resistance for the swing
Purple white: white above purple crossing previous 2 candles ago and is in downtrend with smooth crossing to confirm
  • #1,945
  • Feb 9, 2016 8:15pm Feb 9, 2016 8:15pm
I just entered long @129.41, because market came close to Parabolic H2 and all 4 horsemen are uptrend and on H1, we are in consolidation, Purple crossed White and smooth, but still not EMA. My TP is 40 but will close trade if on H1 purple crosses EMA or if in H2 Purple crosses White. So next two hours will wathc charts closely
  • #1,946
  • Feb 9, 2016 8:16pm Feb 9, 2016 8:16pm
Quoting ciscok9
I just entered long @129.41, because market came close to Parabolic H2 and all 4 horsemen are uptrend and on H1, we are in consolidation, Purple crossed White and smooth, but still not EMA. My TP is 40 but will close trade if on H1 purple crosses EMA or if in H2 Purple crosses White. So next two hours will wathc charts closely
Wow that was fast!!! +40pips
  • #1,947
  • Feb 9, 2016 8:26pm Feb 9, 2016 8:26pm
Excellent! I entry short again. Amazing isnt? Ur TP 40pips . U should sell in there.. Again in D1 EMA.
  • #1,948
  • Feb 9, 2016 8:27pm Feb 9, 2016 8:27pm
My short now is Floating profit 18 pips. BE at 2 PIPS and again.. i have 100% profitable Trade. Now my emotions start to telling my to invest big money.. but not yet... Im going to wait for a month... (If i can control my emotions haha)
  • #1,949
  • Feb 9, 2016 8:30pm Feb 9, 2016 8:30pm
Quoting Contrax
Excellent! I entry short again. Amazing isnt? Ur TP 40pips . U should sell in there.. Again in D1 EMA.
I am trying to train myself to get 40 pips daily and stop trading until next day, so far this week so good
  • #1,950
  • Feb 9, 2016 8:38pm Feb 9, 2016 8:38pm
Not to take away from the successful trades but don't you feel like todays news has been the catalyst rather than the rules ?

IE long than short immediately one of the trades would of been against the trend?
  • #1,951
  • Feb 9, 2016 8:42pm Feb 9, 2016 8:42pm
Quoting tonybrou
Not to take away from the successful trades but don't you feel like todays news has been the catalyst rather than the rules ? IE long than short immediately one of the trades would of been against the trend?
i dont think it is by the rules .
  • #1,952
  • Feb 9, 2016 8:47pm Feb 9, 2016 8:47pm
I'm now waiting for the open of the next 2 hour candle to see if we get a bounce off the romar resistance. its looks like a good place to take a short with both 2h and 1h showing resistance at that point
  • #1,953
  • Feb 9, 2016 8:52pm Feb 9, 2016 8:52pm
Quoting tonybrou
I'm now waiting for the open of the next 2 hour candle to see if we get a bounce off the romar resistance. its looks like a good place to take a short with both 2h and 1h showing resistance at that point
Good, very reasonable plan!

Purple will cross White down most likely on the H2 next and the open could be below Smooth, after Purple was rejected by ROMAR. H1 will have 4 Horsemen in full downtrend (most likely). <<<--- This is how I really see the primary "setup" for this system, when the context is right.

EMA is of course still support on H2, but we are in a downtrend. The market might open pretty far away from Resistance which is where I'm not quite sure what to do. I suppose try to sell at resistance at the best price possible.
  • #1,954
  • Feb 9, 2016 9:01pm Feb 9, 2016 9:01pm
Hi Guys

l took a sell based on the down trend we all see at the beginning of this actual H2 Bar at 129.402 ...As usual it goes against me around 60 p Normally SL should be busted by now but l have moved the SL 63 P away just above ROMAR giving me space...l know it is not by the rule 40/40... but if it helps getting TP...it will be ok...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 244 KB
  • #1,955
  • Feb 9, 2016 9:04pm Feb 9, 2016 9:04pm
Quoting ben.deschain
Hi Guys l took a sell based on the down trend we all see at the beginning of this actual H2 Bar at 129.402 ...As usual it goes against me around 60 p Normally SL should be busted by now but l have moved the SL 63 P away just above ROMAR giving me space...l know it is not by the rule 40/40... but if it helps getting TP...it will be ok... {image}
This would be considered as a bad trade as you didnt take the trade off an area of resistance
  • #1,956
  • Feb 9, 2016 9:08pm Feb 9, 2016 9:08pm
Quoting ciscok9
I just entered long @129.41, because market came close to Parabolic H2 and all 4 horsemen are uptrend and on H1, we are in consolidation, Purple crossed White and smooth, but still not EMA. My TP is 40 but will close trade if on H1 purple crosses EMA or if in H2 Purple crosses White. So next two hours will wathc charts closely
Ciscook, do you mind posting a image of your trade? Are you trading on EJ? I want to see exactly where you entered. Good job by the way.
  • #1,957
  • Feb 9, 2016 9:10pm Feb 9, 2016 9:10pm
Quoting tonybrou
{quote} This would be considered as a bad trade as you didnt take the trade off an area of resistance
l know my problem is with entries...always bad...On this example can you tell me were you see a right entry.... if not can you show what you consider a righ entry and why on a previous trade of yours?
Thanks for your help
  • #1,958
  • Feb 9, 2016 9:17pm Feb 9, 2016 9:17pm
Quoting ben.deschain
{quote} l know my problem is with entries...always bad...On this example can you tell me were you see a right entry.... if not can you show what you consider a righ entry and why on a previous trade of yours? Thanks for your help
Always look for an area of support for long and resistance for short. if you have a look at your entry point on that candle it was right at the bottom with there was no area of resistance with a good chance of a retrace back to resistance rather than a continuation.

BTW. Your trade may or may not be successful but it is hit and miss.
  • #1,959
  • Feb 9, 2016 9:18pm Feb 9, 2016 9:18pm
Quoting tonybrou
{quote} Always look for an area of support for long and resistance for short. if you have a look at your entry point on that candle it was right at the bottom with there was no area of resistance with a good chance of a retrace back to resistance rather than a continuation.
Well said. Ben there isn't always an entry - sometimes the bus just goes without us. I think part of this is learning to catch the next bus and being okay with that.
  • #1,960
  • Feb 9, 2016 9:25pm Feb 9, 2016 9:25pm
Quoting tonybrou
{quote} Always look for an area of support for long and resistance for short. if you have a look at your entry point on that candle it was right at the bottom with there was no area of resistance with a good chance of a retrace back to resistance rather than a continuation. BTW. Your trade may or may not be successful but it is hit and miss.
Good l understand that...But at what resistance are you refering to: Romar ema, horsemen...That's still confuse me when R/S Also can you tell me what is the purpose of those 2 red lines( ma5,ma20)

Thanks
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