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The Paradox System

  • #2,241
  • Feb 15, 2016 4:56am Feb 15, 2016 4:56am
Quoting watsone
{quote} I bought at the same price as you sold,bigijis because price is sitting on the 2hr E.M.A. which i understand is strong support and despite the earlier 50 pip reversal from high price so far of the day the Parabolic is still under the market
That's fine with me.

Actually, I'd like people to post more of their trades in real time.
That's way we could see and exchange our views about market movement. That would be really great.
  • #2,242
  • Feb 15, 2016 4:58am Feb 15, 2016 4:58am
I would be grateful for some help with the charts. I have a very wide monitor and I notice that the FIBO flip depends on the high and lows. Depending how wide the chart is determines the direction (red or green). Is there a standard width to work to so that we are all working with the same Fibo direction?

Also do we view one chart at a time full screen. Or do we have them side by side, each zoomed in max?
  • #2,243
  • Feb 15, 2016 5:01am Feb 15, 2016 5:01am
Quoting bigijs
{quote} That's fine with me. Actually, I'd like people to post more of their trades in real time. That's way we could see and exchange our views about market movement. That would be really great.
I wouldnt mind more people posting either, or at least their entry point plan so we can discuss.

I posted what I'd like to see for a short entry and entered the trade as planned. Would be great to know what other people see too.
  • #2,244
  • Edited 9:11am Feb 15, 2016 5:19am | Edited 9:11am
Quoting loleno
One reason why I think it may be confusing to some people is that Dana said "the variables with this system for entries are countless." He has shown us many different ways of entering, but some seem to contradict each other?
"the variables with this system for entries are countless."

Attached Image (click to enlarge)
Click to Enlarge Name: shortpurpled1.jpg Size: 114 KB


EDIT: YES SORRY... IS PURPLE.
  • #2,245
  • Feb 15, 2016 5:40am Feb 15, 2016 5:40am
I'm not convinced yet of a new downtrend on 2H chart. Im waiting for EMA to cross Purple to signal a change of trend on 2H. This could still move higher, bouncing of EMA as support up to ROMAR resistance.
  • #2,246
  • Feb 15, 2016 5:46am Feb 15, 2016 5:46am
This pair probably isn't going to do anything predictable until after Draghi speaks at 9AM EST. I'm pretty sure it's waiting to see what clues are gained on short term interest rates. Probably should wait for a little while due to volatility.
~ Tim
  • #2,247
  • Feb 15, 2016 5:52am Feb 15, 2016 5:52am
Noone is trading by the rules lol. We have news coming up, rules state to close trades 5 min prior to news.
  • #2,248
  • Feb 15, 2016 5:57am Feb 15, 2016 5:57am
I've just closed my long trade because of imminent news for 12 pip profit
  • #2,249
  • Feb 15, 2016 5:57am Feb 15, 2016 5:57am
Hey guys, just thought I'd chime in. I'm waiting for the market to break the 2 red horizontal ma lines before entering short. Remember Dana said this is like a dead zone, that market had to get past first. It's part of the daily range function of the system I believe he said.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 56 KB
“The waiting is the hardest part” Tom Petty
  • #2,250
  • Feb 15, 2016 7:08am Feb 15, 2016 7:08am
Quoting Contrax
{quote} "the variables with this system for entries are countless." {image}
The chart doesn't show the market anywhere near the EMA....
  • #2,251
  • Feb 15, 2016 7:09am Feb 15, 2016 7:09am
Quoting loleno
{quote} I wouldnt mind more people posting either, or at least their entry point plan so we can discuss. I posted what I'd like to see for a short entry and entered the trade as planned. Would be great to know what other people see too.
I shorted when Purple crossed white on the H2. I see no need to look at any of the other charts for that entry, but might be (probably am) doing it wrong!
  • #2,252
  • Feb 15, 2016 7:20am Feb 15, 2016 7:20am
Quoting JMaurice
{quote} The chart doesn't show the market anywhere near the EMA....
I spoke to him earlier, pretty sure he meant Purple
  • #2,253
  • Edited 7:56am Feb 15, 2016 7:41am | Edited 7:56am
I'm still holding off for the 2h candle with EMA crossing Purple for the change in trend, down to be in agreement with 1h downtrend. Then I will look for a short on the 1h chart.

Edit: 15:50 GMT. 1H chart has white crossing purple indicating the down trend is finishing. I'm no longer looking for a short of the 2H as we are still in consolidation. I will wait to see what happens.
  • #2,254
  • Feb 15, 2016 8:14am Feb 15, 2016 8:14am
Quoting JMaurice
{quote} I shorted when Purple crossed white on the H2. I see no need to look at any of the other charts for that entry, but might be (probably am) doing it wrong!
I think in the kind of trade you are refering to, it is important you get an H2 market open below EMA to consider short entry (after checking everything is OK with H1), remember in this case EMA is support
  • #2,255
  • Feb 15, 2016 8:23am Feb 15, 2016 8:23am
Personally i think the yen is too weak against other currencies,ie $/£ and aus to consider shorting the eur/ yen
  • #2,256
  • Feb 15, 2016 8:30am Feb 15, 2016 8:30am
Quoting ciscok9
{quote} I think in the kind of trade you are refering to, it is important you get an H2 market open below EMA to consider short entry (after checking everything is OK with H1), remember in this case EMA is support
I generally like it when it opens below Smooth. When it opens below EMA, it already travelled really far.
  • #2,257
  • Feb 15, 2016 8:40am Feb 15, 2016 8:40am
Quoting normdiploom
How much notice are people taking of the MA signals? At the moment it's saying "strong buy", but like Loleno I'm waiting for a sell signal from resistance (appreciate that we are in consolidation and trades both ways are valid, but we are quite far from PSAR support and I think that a buy here would be very risky. When the audio signals go off, I'm usually unable to see a clear entry based upon them, although when I look back on the chart the arrows are very often right. At the moment I'm just using them as a prompt to see if there is a valid trade,...
The ma signals appear to be attached to the 2 parallel red lines. Above the upper line strong buy... below the bottom line strong sell... in between is weak.

He didn't talk too much about the this. I personally don't pay too much attention to the signal as we don't know much about it.
  • #2,258
  • Feb 15, 2016 8:53am Feb 15, 2016 8:53am
Im finding rule 3 useful now.
Quote
Rule 3 - Do not ever anticipate what you THINK is going to happen in the market. If you trade the indicators you will always be a winner. If you anticipate you could very well end up in a losing trade.

Waiting to get in to the right trade is my problem as I am impatient. I'm leaning to look at the 2h and if I do not see anything that needs setting up with the 1H chart, to go away and come back on the next 2H candle. I was trying too much to anticipate what is happening rather than being "in the moment".
  • #2,259
  • Feb 15, 2016 9:12am Feb 15, 2016 9:12am
Quoting JMaurice
{quote} The chart doesn't show the market anywhere near the EMA....
Yes sorry. Purple.
  • #2,260
  • Feb 15, 2016 9:13am Feb 15, 2016 9:13am
Quoting nigpig
Im finding rule 3 useful now. {quote} Waiting to get in to the right trade is my problem as I am impatient. I'm leaning to look at the 2h and if I do not see anything that needs setting up with the 1H chart, to go away and come back on the next 2H candle. I was trying too much to anticipate what is happening rather than being "in the moment".
Exactly... Dont Rush the Market.....
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