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The Paradox System

  • #2,641
  • Feb 23, 2016 4:20pm Feb 23, 2016 4:20pm
Anyone want to post the Daily Plan for we can disscuss it?
  • #2,642
  • Edited 4:51pm Feb 23, 2016 4:26pm | Edited 4:51pm
Quoting Sielik
Trading Plan EUR/JPY 23/02/2016 22:00 GMT Opening at 123.536 Daily chart ROMAR - resistance PARABOLIC - resistance EMA - resistance SMOOTH - resistance WHITE - resistance NOTES: 1) Price is below 0.0 fibbonacci; 2) Price below the purple. 2H chart ROMAR - resistance PARABOLIC - resistance EMA - resistanceSMOOTH - resistance WHITE - support NOTES: 1) Fibbonacci between 0.0 and 23.6; 2) Price between Smooth and EMA; 3) Purple cross White 1H chart ROMAR - resistance PARABOLIC - support EMA - resistance but close to the purple SMOOTH - cross the Purple...
In my personal opinion, is a good plan. Thank you.

Im more or less the same as yours, but after the setup is there.. before i place my order im going to DOUBLEcheck my order if setup for long appear...

And my short if Purle in H2 is sliding Smooth and White.... and PRICE go between EMA and Parabolic. Im going to place it if H1 agree.
  • #2,643
  • Feb 23, 2016 4:37pm Feb 23, 2016 4:37pm
Quoting Contrax
{quote} In my personal opinion, is a good plan. Thank you. Im more or less the same as yours, but after the setup is there.. before i place my order im going to DOUBLEcheck my order if setup for long appear... And my short if Purle in H2 is sliding Smooth and White and go between EMA and Parabolic. Im going to place it if H1 agree.
Thank you Contrax. Just regards your entry, you have wrote: 'my short if Purle in H2 is sliding Smooth and White and go between EMA and Parabolic' - I believe this is an error, when Purple slides Smooth and White the Purple will be below all indicators
  • #2,644
  • Feb 23, 2016 4:44pm Feb 23, 2016 4:44pm
Hello everybody. Here my trading plan for today:

Daily:
ROMAR: resistance
EMA: resistance
Parabolic: resistance
Note: Strong trend down, new lower low yesterday, Fibo up

2H:
ROMAR: resistance
EMA: resistance
Parabolic: resistance
Note: White crossed Purple, open candle above smooth which have not yet crossed purple for the up, parabolic could be eliminated as resistance due to the white/purple crossing but it's too early to say it

1H:
ROMAR: resistance
EMA: resistance
Parabolic: Support
Note: white crossed purple and also smooth is crossing purple for the down, parabolic eliminated as support

Entry: We are in consolidation. Entry short off resistance on 2h following the 2h Romar trend but, if smooth on 2h will cross purple for the up entry long on open candle above EMA.

Please give me your feedback, thanks.
  • #2,645
  • Feb 23, 2016 4:52pm Feb 23, 2016 4:52pm
Quoting Sielik
{quote} Thank you Contrax. Just regards your entry, you have wrote: 'my short if Purle in H2 is sliding Smooth and White and go between EMA and Parabolic' - I believe this is an error, when Purple slides Smooth and White the Purple will be below all indicators
Sorry... sometimes i think things and forget to write it... I already edit it.... Price go there.... i mean... My entry is going to be in that point.
  • #2,646
  • Feb 23, 2016 4:52pm Feb 23, 2016 4:52pm
Thank you for your comments Dana. I am glad you took the time to show me exactly where I went wrong. That is why I missed the train down yesterday. I have had to learn from my mistakes all my life, and it takes us old dogs longer to learn new tricks. he he. But I am focused and determined to get it. Please allow me to try again.

Daily Eur/Jpy 5:20pm est. 2/23/16
Still in strong downtrend with final bar at new lower low and closing down near session low. Larger bar then previous day and further away from purple than yesterday. 4 horseman running downhill

2 Hr. Eur/Jpy
2hr overall trend is down but now weakening with white sliding under purple for consolidation mode meaning we can trade eieither way. horseman running straight with smooth now rubbing against purple.

1 hr Eur/Jpy
Overall trend still down but horseman swinging up. white and smooth have crossed purple and purple is rubbing ema trying to cross. parabolics have flipped 5 bars ago and present bars trying to cross ema.

I will be watching the 2hr chart for smooth to cross purple and touch ema to take a long trade and / or 1hr chart for bar to cross ema to take a long trade.
I will be watching for white to cross back over purple and bar to hit parabolic to take a short trade on 1 hr chart and / or on 2 hr chart for white to cross back over purple and bar to touch purple to initiate a short trade.

Dana or anyone else I welcome your comments, suggestions, or criticisms, I intend to master this however long it may take me. Much thanks!

Andy.
“The waiting is the hardest part” Tom Petty
  • #2,647
  • Feb 23, 2016 4:53pm Feb 23, 2016 4:53pm
Quoting Masik
Hello everybody. Here my trading plan for today: Daily: ROMAR: resistance EMA: resistance Parabolic: resistance Note: Strong trend down, new lower low yesterday, Fibo up 2H: ROMAR: resistance EMA: resistance Parabolic: resistance Note: White crossed Purple, open candle above smooth which have not yet crossed purple for the up, parabolic could be eliminated as resistance due to the white/purple crossing but it's too early to say it 1H: ROMAR: resistance EMA: resistance Parabolic: Support Note: white crossed purple and also smooth is crossing purple...
Hi Masik, I see that your entry is based on 2H chart only, I believe 1H and 2H must correlate with each other for a proper entry.
  • #2,648
  • Feb 23, 2016 4:55pm Feb 23, 2016 4:55pm
Quoting Contrax
{quote} Sorry... sometimes i think things and forget to write it... I already edit it.... Price go there.... i mean... My entry is going to be in that point.
No worries M8, it happen to all of us
  • #2,649
  • Feb 23, 2016 4:58pm Feb 23, 2016 4:58pm
Quoting Contrax
{quote} Sorry... sometimes i think things and forget to write it... I already edit it.... Price go there.... i mean... My entry is going to be in that point.
I have read your post again, why do you think the price should go between EMA and Parabolic when you are short? I may be wrong but I don't think you should wait for price to be there for your entry.
  • #2,650
  • Feb 23, 2016 5:04pm Feb 23, 2016 5:04pm
Quoting Sielik
{quote} Hi Masik, I see that your entry is based on 2H chart only, I believe 1H and 2H must correlate with each other for a proper entry.
Maybe I was wrong but I guess that in consolidation 2h chart give the trend direction. In this case we have smooth above purple on 2h chart and this means trend down unless it will cross purple.
  • #2,651
  • Feb 23, 2016 5:09pm Feb 23, 2016 5:09pm
Quoting Sielik
{quote} I have read your post again, why do you think the price should go between EMA and Parabolic when you are short? I may be wrong but I don't think you should wait for price to be there for your entry.
Im driving right now (red light haha) well i dont know if the price is going there.. but h2 is entry in a consolidation after a long down trend. And that point is not too far of current price. Next Resistance is Ema and Parabolic... but again.. i always check D1 H2 H1 before i entry..
  • #2,652
  • Feb 23, 2016 5:09pm Feb 23, 2016 5:09pm
Quoting Masik
{quote} Maybe I was wrong but I guess that in consolidation 2h chart give the trend direction. In this case we have smooth above purple on 2h chart and this means trend down unless it will cross purple.
You may be right with the basic but I cannot imagine entry on 2H without confirmation on 1H.
  • #2,653
  • Feb 23, 2016 5:16pm Feb 23, 2016 5:16pm
Its look like there will be continuation of downtrend with next 2H bar....let see
  • #2,654
  • Feb 23, 2016 5:17pm Feb 23, 2016 5:17pm
USD/JPY TRADING PLAN:

DAILY
ROMAR - RESISTANCE
EMA - RESISTANCE
PARABOLIC - RESISTANCE
NOTE:
All 4 in position for continuation o DOWN trend, suported by yesterday opening below all 4. Possible strong down move if previous low would be broken.
H2
ROMAR - RESISTANCE
EMA - RESISTANCE
PARABOLIC - RESISTANCE
NOTE:
1)White and Smoth belowe Purple indicate possible UP move in consolidation or
2)it could end up with SLIDER for immediate continuation of DOWN move.
3)open above Purple White and Smoth suport possible UP move
H1
ROMAR - RESISTANCE
EMA - RESISTANCE
PARABOLIC - RESISTANCE
NOTE:
Clear down trend with all 4 in position after minor slider, PSAR was hit 7-8 times and still hold strong resistance for DOWN.

I will be trading short on opening H1 below all 4 in order for continuation of DOWN move with slider on H2.
  • #2,655
  • Feb 23, 2016 5:25pm Feb 23, 2016 5:25pm
Quoting Masik
{quote} Maybe I was wrong but I guess that in consolidation 2h chart give the trend direction. In this case we have smooth above purple on 2h chart and this means trend down unless it will cross purple.
Very good --- Smooth is still resistance on the 2 hour. What everyone has to pay attention too is an open candle below Purple with Smooth as resistance. That element should be on your 2 hour plan. You already got the 1 hour heading back into the downtrend and with the 2 hour Smooth as resistance give a greater opportunity with the short then the long. Now if an open candle does not happen below purple you are still consolidating.
The Dove - Forex Trainer
  • #2,656
  • Feb 23, 2016 5:45pm Feb 23, 2016 5:45pm
Quoting dove_alliance
{quote} Very good --- Smooth is still resistance on the 2 hour. What everyone has to pay attention too is an open candle below Purple with Smooth as resistance. That element should be on your 2 hour plan. You already got the 1 hour heading back into the downtrend and with the 2 hour Smooth as resistance give a greater opportunity with the short then the long. Now if an open candle does not happen below purple you are still consolidating.
When I talk about getting above or below an indicator I am talking about an OPEN candle. All entries should be with an open candle.
The Dove - Forex Trainer
  • #2,657
  • Feb 23, 2016 6:10pm Feb 23, 2016 6:10pm
I am short at 123.28
“The waiting is the hardest part” Tom Petty
  • #2,658
  • Feb 23, 2016 6:29pm Feb 23, 2016 6:29pm
close my trades from yesterday for 25 and 10 pips.... 111.90 is strong suport on UJ
waiting to short at H2 PSAR
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  • #2,659
  • Feb 23, 2016 6:37pm Feb 23, 2016 6:37pm
Quoting snfx
close my trades from yesterday for 25 and 10 pips.... 111.90 is strong suport on UJ waiting to short at H2 PSAR {image}
I believe you have been told we are trading the EJ on this thread and not the UJ.
The Dove - Forex Trainer
  • #2,660
  • Feb 23, 2016 6:43pm Feb 23, 2016 6:43pm
Yes Dove I know that but some how I dont feel that I am prepared yet for EUR/JPY ... it is too volatile for me.. If You insist to post only EUR/JPY no problem.
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