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The Paradox System

  • #2,961
  • Feb 25, 2016 12:51pm Feb 25, 2016 12:51pm
Quoting Contrax
Hello, I was busy yesterday doing some local bussines and failing at my trading... because a lot of things i broken and i want to share with you.. maybe someone is doing the same thing and its better to stop. 1) After trading with very calm, focus and patience... I was growing my account, and not only doing one trade... I was doing Different entries everytime that i see the setup.... And yes Like Dana told me a lot of times.... Beeing Greedy is the way and the path to Fail.... And Worse.. when u are getting greedy and have succesful trades.. that...
I must say - a very interesting concept.
The Dove - Forex Trainer
  • #2,962
  • Feb 25, 2016 1:14pm Feb 25, 2016 1:14pm
guilty as well Contrax. Just yesterday I closed all other pairs I've been watching and the day before, after a post from Dana about looking at other time frames, I took those off my toolbar. There's no one sitting next to me holding me accountable and if not transparent with the group, you're all alone and subject to your own flaws, thoughts, lack of discipline etc. I applaud your transparency and am quite certain you're on your way to success...with me 😉 and those who are serious.
~ Tim
  • #2,963
  • Feb 25, 2016 1:19pm Feb 25, 2016 1:19pm
Quoting dove_alliance
I am going to give an example of my trade yesterday in using the DB/SAR for a 100+ pips in consolidation: The screen shot below is showing four 2 hour candles hanging out with "0" Fibo and going nowhere for the continuance of the downtrend and it was time to go long. And the reason the market was consolidating for over 7 hours. {image} Looking at this 1 hour I made entry with the open above Smooth which also had White at Purple. {image} Now - going back to the 2 hour you had the SAR attached to the previous candle just before the 17:00 closing/opening....
A very helpful explanation Master. Now is clear the meaning of "set in stone" that was not the case of yesterday at Sidney opening.
  • #2,964
  • Feb 25, 2016 1:25pm Feb 25, 2016 1:25pm
Thank you Context for sharing. I stress over what I can visualise and my greed leads to many trades and losses. Thank you for sharing your thoughts and emotions.

I do it all the time (over trade), but recently much less. I am leaning slowly, very slowly. For me, it is a matter of stopping. Taking a breath. Then I think to my self if I wait a little longer I can make a more correct decision. I have found today that I'm not remembering crucial entry rules of Smooth over Purple. Patients and waiting for the daily plan set-up, I think is key. Every experimentation in trading has mostly failed. That is why we are here. I just need to apply the rules (with discipline) and be in the moment on the 2 Hour.

One bullet for the day does help. Thank you.
  • #2,965
  • Feb 25, 2016 2:05pm Feb 25, 2016 2:05pm
When it comes to the economic releases there is only 3 currencies I am interested in. The EUR, USD, and JPY; that is it. Those three are the only ones that have an impact on the market.
Attached Image (click to enlarge)
Click to Enlarge Name: News Release.JPG Size: 68 KB
The Dove - Forex Trainer
  • #2,966
  • Feb 25, 2016 2:10pm Feb 25, 2016 2:10pm
Quoting dove_alliance
When it comes to the economic releases there is only 3 currencies I am interested in. The EUR, USD, and JPY; that is it. Those three are the only ones that have an impact on the market. {image}
Sir do you mean that USD will affect eurjpy?
  • #2,967
  • Feb 25, 2016 2:12pm Feb 25, 2016 2:12pm
Quoting dmitrl
{quote} Sir do you mean that USD will affect eurjpy?
You better believe it.
The Dove - Forex Trainer
  • #2,968
  • Feb 25, 2016 2:29pm Feb 25, 2016 2:29pm
Quoting dove_alliance
I am going to give an example of my trade yesterday in using the DB/SAR for a 100+ pips in consolidation: The screen shot below is showing four 2 hour candles hanging out with "0" Fibo and going nowhere for the continuance of the downtrend and it was time to go long. And the reason the market was consolidating for over 7 hours. {image} Looking at this 1 hour I made entry with the open above Smooth which also had White at Purple. {image} Now - going back to the 2 hour you had the SAR attached to the previous candle just before the 17:00 closing/opening....
Hello Master, im reciving a few Private Message asking me about ur Post. Thinking in wich candle exactly u made ur entry. You say that "Looking at this 1 hour i made entry with the open above smooth wich also had white at purple". But after the PM im confuse too. I make this picture. After your answer im going edit it and only draw the cycle where is correct for dont generate more confusion. Thank you.

Edit: Wich Cyrcle is correct: Green, Yellow or Blue? or is other candle?
Attached Image (click to enlarge)
Click to Enlarge Name: Dana question.jpg Size: 344 KB
  • #2,969
  • Feb 25, 2016 2:30pm Feb 25, 2016 2:30pm
For myself, I would probably add CHF to that list. It can greatly affect the USD which affects EUR.
  • #2,970
  • Feb 25, 2016 2:49pm Feb 25, 2016 2:49pm
Quoting Contrax
{quote} Hello Master, im reciving a few Private Message asking me about ur Post. Thinking in wich candle exactly u made ur entry. You say that "Looking at this 1 hour i made entry with the open above smooth wich also had white at purple". But after the PM im confuse too. I make this picture. After your answer im going edit it and only draw the cycle where is correct for dont generate more confusion. Thank you. Edit: Wich Cyrcle is correct: Green, Yellow or Blue? or is other candle? {image}
Green circle on the 1 hour.
The Dove - Forex Trainer
  • #2,971
  • Feb 25, 2016 3:25pm Feb 25, 2016 3:25pm
Quoting dove_alliance
{quote} Green circle on the 1 hour.
I almost didnt Draw that Green Circle. And how you realize that Fibonnaci is powerful and is going Long? Because studying that entry, is in the middle of 2H 18:00 candle (00:00 new day broker time). The entry was at 19:00 at NEW H1 Candle. In that moment in H2 Horsemen still powerful for downtrend and H1 purple is going to try cross white, but in that moment the H4 Horsemen in H1 still down too.

How you can check that the Fibonnaci is holding? After 4 candles H2 that dont make a new value of fibonacci? Thank you.
  • #2,972
  • Feb 25, 2016 3:43pm Feb 25, 2016 3:43pm
Quoting Contrax
{quote} I almost didnt Draw that Green Circle. And how you realize that Fibonnaci is powerful and is going Long? Because studying that entry, is in the middle of 2H 18:00 candle (00:00 new day broker time). The entry was at 19:00 at NEW H1 Candle. In that moment in H2 Horsemen still powerful for downtrend and H1 purple is going to try cross white, but in that moment the H4 Horsemen in H1 still down too. How you can check that the Fibonnaci is holding? After 4 candles H2 that dont make a new value of fibonacci? Thank you.
The 1 hour was getting ready for the turn with White at Purple and above Smooth. The next candle crossed the 1 hour MACD so I knew then it was over for the down. All I had to do was wait on the opportunity. When you have a consolidation at the low and/or high for hours on end - just wait and it will turn. But here is the motivation for the trade: is with the 2 hour already in the up movement from the "0" Fibo which gives me an hour before the next 2 hour candle which places me in profit before the 1 hour Parabolic hit for a B/E if needed on a 2 hour retrace. But the next 2 hour stayed with the volatility and that was it.
The Dove - Forex Trainer
  • #2,973
  • Feb 25, 2016 3:55pm Feb 25, 2016 3:55pm
Quoting dove_alliance
{quote} The 1 hour was getting ready for the turn with White at Purple and above Smooth. The next candle crossed the 1 hour MACD so I knew then it was over for the down. All I had to do was wait on the opportunity. When you have a consolidation at the low and/or high for hours on end - just wait and it will turn. But here is the motivation for the trade: is with the 2 hour already in the up movement from the "0" Fibo which gives me an hour before the next 2 hour candle which places me in profit before the 1 hour Parabolic hit for a B/E if needed...
Very Good, now i understand. The "White at Purple" you mean the White is touching Purple, but hasnt cross yet. and "Above Smooth" the price open Above Smooth. Right? Very Good.

And you place your order 40TP 40 SL (or maybe only 40 SL and more TP.. but u place ur 40 SL? ). After you place ur order, ur SL doesnt move and u dont close ur trade manually right?

For example, i hope i dont bother you. Im thinking in this sceneario, what happen if the next H1 close bellow 15 pips... you have now floating -15 pips negative and the price open bellow purple and White at Purple still without cross... Do u close the trade? or after you have a trade, your only stop is the 40 PIPS SL? Thank you for ur answers. More people is understanding the green circle. Thank you Master for ur time.
  • #2,974
  • Feb 25, 2016 4:02pm Feb 25, 2016 4:02pm
My attempt at today's trading plan:
Attached Image
  • #2,975
  • Feb 25, 2016 4:04pm Feb 25, 2016 4:04pm
Quoting Contrax
{quote} Very Good, now i understand. The "White at Purple" you mean the White is touching Purple, but hasnt cross yet. and "Above Smooth" the price open Above Smooth. Right? Very Good. And you place your order 40TP 40 SL (or maybe only 40 SL and more TP.. but u place ur 40 SL? ). After you place ur order, ur SL doesnt move and u dont close ur trade manually right? For example, i hope i dont bother you. Im thinking in this sceneario, what happen if the next H1 close bellow 15 pips... you have now floating -15 pips negative and the price open bellow...
Your missing the 2 hour already in bloom going up. There was no way that was coming back 15 pips especially with the opening above Smooth. I was already in profit before the next open 2 hour candle. And yes - I always use a 40 stop.
The Dove - Forex Trainer
  • #2,976
  • Feb 25, 2016 4:11pm Feb 25, 2016 4:11pm
Quoting dove_alliance
{quote} Your missing the 2 hour already in bloom going up. There was no way that was coming back 15 pips especially with the opening above Smooth. I was already in profit before the next open 2 hour candle. And yes - I always use a 40 stop.
Thank you Master, yes my error was the bad habits and bad thinking (im not going to say what was... but yes... bs from the past.) New Day let our God Bless Us All and Have a profitable Day. Good Luck!
  • #2,977
  • Edited 5:03pm Feb 25, 2016 4:13pm | Edited 5:03pm
Deleted.
  • #2,978
  • Feb 25, 2016 4:34pm Feb 25, 2016 4:34pm
Any comments and questions please. Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: 26 feb 2016.jpg Size: 358 KB
  • #2,979
  • Feb 25, 2016 4:50pm Feb 25, 2016 4:50pm
Quoting Contrax
Hello, I want to share this Indicator that show you what Lotsize you must to use in ur trade for risk %1 %2 %3 wathever risk you want to use... in my personal opinion.. im going to use 2% each trade. 2% Each Day, Win or loss.. is going to be 2% movement in my account each day. GoodLuck to all!!! {file}
And where was you planning to place that indicator at?
The Dove - Forex Trainer
  • #2,980
  • Edited 5:04pm Feb 25, 2016 4:51pm | Edited 5:04pm
Deleted.
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