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The Paradox System

  • #4,241
  • Edited 5:37pm Mar 7, 2016 5:26pm | Edited 5:37pm
Quoting snfx
For today (yesterday) all 3 elements of plan were resistance on Daily. price got nothing to do with it. Just their relative position to one another. Randy that are basics of this teaching, You really must clean that in Your mind once for ever in order to trade according to Paradox.
Hi Snfx, would you like to share your trading plan today? Here is mine @18.31 EST :

Daily
ROMAR : Resistance
EMA : Resistance
Parabolic : Eliminated
4 Horsemen : Upswing

H2
Open : 124.95
ROMAR : Support
EMA : Resistance (until it cross purple will become support)
Parabolic : Eliminated
4 Horsemen : Upswing
Note : Fibo Red, SAR had appearead as confirmation of upswing, DB not yet.
Also waiting for MACD cross zero.

H1
ROMAR : Support
EMA : Support
Parabolic : Support
4 Horsemen : White Cross Purple

Entry : I will go long, when market open above H2 EMA and retrace to H2 Support Area (four horsemen).

Thanks
  • #4,242
  • Mar 7, 2016 5:28pm Mar 7, 2016 5:28pm
Quoting rcbarlow
SNFX, I still do not understand how everything on the Daily chart except Romar is Resistence when price is above it. Should it not be support?
So EMA will only become support once purple crosses it?
  • #4,243
  • Mar 7, 2016 5:28pm Mar 7, 2016 5:28pm
Quoting snfx
For today (yesterday) all 3 elements of plan were resistance on Daily. price got nothing to do with it. Just their relative position to one another. Randy that are basics of this teaching, You really must clean that in Your mind once for ever in order to trade according to Paradox.

Thanks, I have been trying to find it in the forum but have had no luck.
  • #4,244
  • Mar 7, 2016 5:38pm Mar 7, 2016 5:38pm
Quoting rcbarlow
SNFX, I still do not understand how everything on the Daily chart except Romar is Resistence when price is above it. Should it not be support?
Randy my friend --- let's get this straighten out once and for all:

Price is oblivion with the Paradox. Price has ABSOLUTELY nothing to do with the Paradox.

1. ROMAR crossing EMA determines Support and Resistance for long term trend. If the trend is down it is with ROMAR above EMA and vice-versa.
2. EMA crossing Purple determines the short term trend. If EMA crosses the Purple from bottom then EMA trend is support and vice-versa.
3. White and Smooth crossing Purple determines the beginning of the 4 horsemen trend looking for the Parabolic flip.

Now study this Randy, and study, study, study until you have it memorized.
The Dove - Forex Trainer
  • #4,245
  • Mar 7, 2016 5:39pm Mar 7, 2016 5:39pm
ok will post little bit later, cant now
  • #4,246
  • Mar 7, 2016 5:43pm Mar 7, 2016 5:43pm
Quoting snfx
ok will post little bit later, cant now
Its okay, really appreciate it, thank you!
  • #4,247
  • Edited 6:34pm Mar 7, 2016 6:17pm | Edited 6:34pm
Hi Dove,

I have also been watching and learning from the side lines since the beginning of this tread. Most of the questions that I have have had have been answered by others and my own study over the content, so I haven't had the need to post thus far. I want to take this opportunity to thank you for committing the time to teaching us this system and encouraging us to do our own study rather than being spoon fed answers, this approach has definitely helped my progress. For me the system seems to work and I really starting to understand the systems philosophy and concepts. It is pleasing to see others that have taken the same trade as me based on the rules, it reaffirms I am on the correct track. Also I would also like to thank the community of this thread for your input and assistance, it has really helped.

I would also like to quickly add, that although I do not consider myself religious, I do believe in a higher power, and some of the things that you have written on here in regards to helping others and being guided to do so have really resonated with me and I those comments have been just as influential as your comments on teaching the system. I think we all owe it to one another to help others. Thankyou and all the best!
  • #4,248
  • Mar 7, 2016 6:20pm Mar 7, 2016 6:20pm
Currently in a short on the open of the current 2H candle. SL 40, TP 40.
Now @ BE

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
  • #4,249
  • Mar 7, 2016 6:25pm Mar 7, 2016 6:25pm
DAILY CHART – DATE:03/07/2016
ROMAR: Resistance
EMA: Support
Parabolic: Support
NOTES: After Friday NFP high, we had price retrace, and bounce of major daily supports indicating continuation of UP swing trend. Price at opening have White and Smoth in position and EMA crossing Purple with PSAR flip.

2 HOUR CHART:
Opening: @ 124.921
ROMAR: Support
EMA: Support
Parabolic: Support
NOTES: Last two consolidative movement in UP swing were driven by divergences. At open 17:00 EST we have SAR attached at yesterday high. We dont have yet clear picture of 4 horsemans. PSAR for UP

1 HOUR CHART:
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: We had clear EMA slider over ROMAR. Open above Smoth.

Entry: I will look for long position at extreme levels of Daily support. Also I will trade accordingly to possible divergences if that arise. For any short position TP must be above Daily EMA bc it could act as support. Today target is 2x20 pips.
  • #4,250
  • Mar 7, 2016 6:32pm Mar 7, 2016 6:32pm
Quoting nonibadsha
Currently in a short on the open of the current 2H candle. SL 40, TP 40. Now @ BE {image}
Got My 40.
Once again, Dana, Thank you !!
  • #4,251
  • Mar 7, 2016 6:34pm Mar 7, 2016 6:34pm
Quoting nonibadsha
{quote} Got My 40. Once again, Dana, Thank you !!
Explain to this group exactly why you made that entry?
The Dove - Forex Trainer
  • #4,252
  • Mar 7, 2016 6:43pm Mar 7, 2016 6:43pm
Quoting dove_alliance
{quote} Explain to this group exactly why you made that entry?
I am waiting for your answer trader.
The Dove - Forex Trainer
  • #4,253
  • Mar 7, 2016 6:44pm Mar 7, 2016 6:44pm
Quoting dove_alliance
{quote} I am waiting for your answer trader.
he got lucky dove lol
  • #4,254
  • Mar 7, 2016 6:48pm Mar 7, 2016 6:48pm
I entered long near the EMA at 1 hour after I saw the parabolic flip and crossing of EMA/Purple on H2.
SL is almost hit now.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-h2-forex-com.png Size: 72 KB
  • #4,255
  • Mar 7, 2016 6:50pm Mar 7, 2016 6:50pm
Quoting brath
{quote} he got lucky dove lol
Yes he was very lucky because:

1. He traded during a medium impact new release with the JPY.
2. He traded against the 2 hour EMA support.
3. The Risk was higher then the profit.

He was lucky because the news release was in his favor of the short and that is the only reason he did not lose on the trade.
The Dove - Forex Trainer
  • #4,256
  • Mar 7, 2016 6:50pm Mar 7, 2016 6:50pm
So did I.
  • #4,257
  • Mar 7, 2016 6:51pm Mar 7, 2016 6:51pm
You never trade during a news release.
The Dove - Forex Trainer
  • #4,258
  • Mar 7, 2016 6:53pm Mar 7, 2016 6:53pm
Quoting dove_alliance
You never trade during a news release.
Hmm I checked but in the Forexfactory news calender http://www.forexfactory.com/calendar.php is no news scheduled. What source of information do you use for your news ?
  • #4,259
  • Mar 7, 2016 6:53pm Mar 7, 2016 6:53pm
Even a low impact can effect your trade with the JPY. It is better to be safe then sorry.
The Dove - Forex Trainer
  • #4,260
  • Mar 7, 2016 6:53pm Mar 7, 2016 6:53pm
I need a good news release indicator. I didn't have anything marked down for news.
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