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The Paradox System

  • #2,581
  • Feb 22, 2016 6:59pm Feb 22, 2016 6:59pm
90% of my trades are within a 6 hour or less period from the 17:00 EST 2 hour bar. Most of them are less than 4 hours. I do not spend all day at the computer in trading. I create my plan and when the entry shows I pull the trigger for 40 and I am done until the next day.
The Dove - Forex Trainer
  • #2,582
  • Feb 22, 2016 7:06pm Feb 22, 2016 7:06pm
Right now was a good movement of 40 pips downside. But in my Daily Plan isnt there... So i think i need to wait more time

When we are in powerful trend, i prefer wait to the big pull back, like H2 Touch EMA... and in that Moment... check again the H1 H2 D1 if in that moment agree and i entry. I mean, i do double analysys... my first plan, is in what position im going to plot my soldier and my second plan is verify if my soldier is safe with H1 H2 D1
  • #2,583
  • Feb 22, 2016 7:10pm Feb 22, 2016 7:10pm
Quoting snfx
Wow You all did good job, I had two position both short on UJ so -80 for today.
Succeed to recover today loss of -80 with three trades +20/+20/+70 so total +30
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  • #2,584
  • Feb 22, 2016 7:11pm Feb 22, 2016 7:11pm
I was concerned that my trading plan might have been bunk....but it worked out nicely for 40 pips. Now I can call it a night and revisit this tomorrow. Thanks for the training and accountability to a PLAN Dana!
~ Tim
  • #2,585
  • Feb 22, 2016 7:13pm Feb 22, 2016 7:13pm
As an example - my daily plan for today had called for the hit on the 2 hour Smooth going short which happened on the opening 19:00 EST candle.
The Dove - Forex Trainer
  • #2,586
  • Feb 22, 2016 7:18pm Feb 22, 2016 7:18pm
Quoting dove_alliance
90% of my trades are within a 6 hour or less period from the 17:00 EST 2 hour bar. Most of them are less than 4 hours. I do not spend all day at the computer in trading. I create my plan and when the entry shows I pull the trigger for 40 and I am done until the next day.
Does it happened to you that the entry not shows up and then you do not trade the whole day?
  • #2,587
  • Feb 22, 2016 7:21pm Feb 22, 2016 7:21pm
Quoting dove_alliance
As an example - my daily plan for today had called for the hit on the 2 hour Smooth going short which happened on the opening 19:00 EST candle.
How do you decide what to choose as a trigger ? For example why did you choose smooth and not EMA as your trigger for today ?
  • #2,588
  • Feb 22, 2016 7:24pm Feb 22, 2016 7:24pm
Quoting Sielik
{quote} Does it happened to you that the entry not shows up and then you do not trade the whole day?
No - when I make a plan the set up shows up. Always. If I set at the computer looking for a trade then yes - I can and have, lose a trade for the day.
The Dove - Forex Trainer
  • #2,589
  • Feb 22, 2016 7:25pm Feb 22, 2016 7:25pm
Quoting xpie
{quote} How do you decide what to choose as a trigger ? For example why did you choose smooth and not EMA as your trigger for today ?
Because Smooth was the first resistance for the trade.
The Dove - Forex Trainer
  • #2,590
  • Feb 22, 2016 7:32pm Feb 22, 2016 7:32pm
Quoting dove_alliance
{quote} Because Smooth was the first resistance for the trade.
From my understanding, purple and white are also resistant, but you defined Smooth as first resistance because it is above the candle. Do i think correctly Dove? Thanks
  • #2,591
  • Feb 22, 2016 7:38pm Feb 22, 2016 7:38pm
Quoting dove_alliance
{quote} Hypothetically - that is true. That is why my trading plans always have an entry for the short and an entry for the long. I am never bias. But the plan has to be constructed in such away that hypothetically both short and long are configured on the same 2 hour bar. Just as yesterdays plan the 2 hour EMA was the root of the plan in being the only resistance from stopping the reversal. And being both ROMAR and EMA having the power as stoppers in the market; you have to visually see this as you are creating the trading plan. And by seeing the...
Thank you Dove. I now understand.
  • #2,592
  • Feb 22, 2016 7:39pm Feb 22, 2016 7:39pm
Just like last night - the 2 hour EMA was the only Resistance for a trade going short. And the set up for the short was showing with the 2 hour Smooth in not crossing White. And it doesn't matter if the crossing happened 2 hours, or 4 hours later; and the reason is because Purple was not in line for the EMA crossing without the Smooth/White crossing on the same bar of the entry. This meant that EMA would slide over Purple for the continuance of the downtrend. And that my friends is looking into the future.

Now - everyone get your mind wrapped around that and study in how EMA slid right over Purple without crossing.
The Dove - Forex Trainer
  • #2,593
  • Feb 22, 2016 7:44pm Feb 22, 2016 7:44pm
Quoting mav3n
{quote} From my understanding, purple and white are also resistant, but you defined Smooth as first resistance because it is above the candle. Do i think correctly Dove? Thanks
On the Opening Bar at 17:00 was going up heading for Smooth. All I had to do was wait on the next 2 hour opening for my entry. Very simple - and reason is because I had seen it in creating my plan.
The Dove - Forex Trainer
  • #2,594
  • Feb 22, 2016 7:47pm Feb 22, 2016 7:47pm
OK - there is my 40 for the day. Less then 4 hours from opening.
The Dove - Forex Trainer
  • #2,595
  • Feb 22, 2016 7:48pm Feb 22, 2016 7:48pm
Quoting dove_alliance
{quote} On the Opening Bar at 17:00 was going up heading for Smooth. All I had to do was wait on the next 2 hour opening for my entry. Very simple - and reason is because I had seen it in creating my plan.
In a 'trend', will you always use the first resistance up for a short (in downtrend) and the first support down for a long (in uptrend)? (Provided of course all conditions are still maintained as presented in the trading plan once the market reaches the support or resistance.)

Thank you for all your answers the past couple days, a number of questions I had are no longer questions.
  • #2,596
  • Feb 22, 2016 7:51pm Feb 22, 2016 7:51pm
Quoting dove_alliance
Just like last night - the 2 hour EMA was the only Resistance for a trade going short. And the set up for the short was showing with the 2 hour Smooth in not crossing White. And it doesn't matter if the crossing happened 2 hours, or 4 hours later; and the reason is because Purple was not in line for the EMA crossing without the Smooth/White crossing on the same bar of the entry. This meant that EMA would slide over Purple for the continuance of the downtrend. And that my friends is looking into the future. Now - everyone get your mind wrapped around...
Thank you for that insight. I missed the train down, because I was waiting for a pull back to the EMA on the 2 hour for entry. I wasn't confident enough that the pullback to smooth was the right trigger, and I have made the mistake before of being to trigger happy. The positive thing is I didn't lose any pips, and I will watch for another pullback opportunity to go short, or break thru ema / parabolic for long.
“The waiting is the hardest part” Tom Petty
  • #2,597
  • Feb 22, 2016 7:54pm Feb 22, 2016 7:54pm
Quoting dove_alliance
{quote} On the Opening Bar at 17:00 was going up heading for Smooth. All I had to do was wait on the next 2 hour opening for my entry. Very simple - and reason is because I had seen it in creating my plan.
Thanks Dove!!
  • #2,598
  • Feb 22, 2016 7:57pm Feb 22, 2016 7:57pm
Quoting JMaurice
{quote} In a 'trend', will you always use the first resistance up for a short (in downtrend) and the first support down for a long (in uptrend)? (Provided of course all conditions are still maintained as presented in the trading plan once the market reaches the support or resistance.) Thank you for all your answers the past couple days, a number of questions I had are no longer questions.
In a trend and looking for an entry there are two scenarios - In an uptrend the 1 hour hit off EMA is the entry going into the uptrend. On a downtrend - the hit on the 1 hour Smooth is the entry.
The Dove - Forex Trainer
  • #2,599
  • Feb 22, 2016 8:03pm Feb 22, 2016 8:03pm
Quoting dove_alliance
{quote} In a trend and looking for an entry there are two scenarios - In an uptrend the 1 hour hit off EMA is the entry going into the uptrend. On a downtrend - the hit on the 1 hour Smooth is the entry.
I'm sorry, in a downtrend the hit on the "1 Hour Smooth" or do you mean 2 Hour Smooth?
  • #2,600
  • Feb 22, 2016 8:08pm Feb 22, 2016 8:08pm
Quoting JMaurice
{quote} I'm sorry, in a downtrend the hit on the "1 Hour Smooth" or do you mean 2 Hour Smooth?
We are talking trend and not consolidation. In trend it is the 1 hour Smooth. In a downtrend most hits are off the 2 hour white and most times 2 hour will not even get that far on retraces.
The Dove - Forex Trainer
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