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The Paradox System

  • #4,701
  • Mar 10, 2016 2:42am Mar 10, 2016 2:42am
Quoting bgntrs
the 2 hour EMA support was hit following the green divergence retrace( which i missed). I bought at the EMA support and got my 20 pips. any criticisms, please let me know. This was all in the last 20 mins by the way. Thank you.
What entry price it was?
  • #4,702
  • Mar 10, 2016 2:44am Mar 10, 2016 2:44am
Quoting snfx
{quote} What entry price it was?
124.443
  • #4,703
  • Mar 10, 2016 2:51am Mar 10, 2016 2:51am
Well done I am in same trade but didn't take 20, probably good choice bc it can make LL but I think that eventually it will reach TP40 before news. Yesterday trade also went 36 pips and ended with +1 pip while I was sleeping so 20 pips is smart solution
  • #4,704
  • Mar 10, 2016 2:57am Mar 10, 2016 2:57am
i am only doing 20/40 trades as I'm a beginner until I'm more confident.
  • #4,705
  • Mar 10, 2016 3:32am Mar 10, 2016 3:32am
My daily plan: 10. Mar 2016 based on 4th candle after Sydney open (H2).
The market is in consolidation.
On D1 EMA is crossing Purple.
The main Trend Romar in H2 is Up, also EMA Trend is UP, so I would prefer an long entry from support.
Attached Image
  • #4,706
  • Mar 10, 2016 3:32am Mar 10, 2016 3:32am
I got short at 124.615, exited at 124.350 as there is a big support at 124.300. Break that and its a free ride to 124.150. Currently looking for 124.500 for re-entry, And hope there is enough momentum to carry through 124.3.
  • #4,707
  • Mar 10, 2016 3:40am Mar 10, 2016 3:40am
Quoting badlyspeltbo
I got short at 124.615, exited at 124.350 as there is a big support at 124.300. Break that and its a free ride to 124.150. Currently looking for 124.500 for re-entry, And hope there is enough momentum to carry through 124.3.
90% of what you say has absolutely nothing to do with the rules of this system.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #4,708
  • Mar 10, 2016 3:48am Mar 10, 2016 3:48am
Quoting shinny
{quote} 90% of what you say has absolutely nothing to do with the rules of this system.
Partially agree with you Shinny, but Dana does try and drill support and resistance, I mean if you don't know where the sticking points are then how will you know when to enter and exit a trade? to go for 20 or 40 pips? That violent move up yesterday was due to the breaking of a long term resistance and shorts being burned. The system predicted that.
  • #4,709
  • Mar 10, 2016 4:06am Mar 10, 2016 4:06am
Quoting badlyspeltbo
{quote} Partially agree with you Shinny, but Dana does try and drill support and resistance, I mean if you don't know where the sticking points are then how will you know when to enter and exit a trade? to go for 20 or 40 pips? That violent move up yesterday was due to the breaking of a long term resistance and shorts being burned. The system predicted that.
How you detect Support and Resistance?
  • #4,710
  • Edited 4:38am Mar 10, 2016 4:08am | Edited 4:38am
Took long @124.377

Reasoning: 1H closed above ROMAR and PSAR still intact. 2H also closed above ROMAR after testing PSAR and bounced back. EMA is support with crossing over ROMAR and under Purple. Green Divergence I think also come up off 2nd retrace unless I have this wrong. Aiming TP for touch on 2H purple.

Any comments on this trade?

Update: I took profit at 124.432. I realized 4 Horsemen in downtrend on 1H and Purple has crossed White and Smooth on the 2H. MACD strong down movement on 1H and diminishing on 2H.
  • #4,711
  • Edited 9:48am Mar 10, 2016 4:35am | Edited 9:48am
Quoting Paradox7
Took long @124.377 Reasoning: 1H closed above ROMAR and PSAR still intact. 2H also closed above ROMAR after testing PSAR and bounced back. EMA is support with crossing over ROMAR and under Purple. Aiming TP for touch on 2H purple. Any comments on this trade?
Its a brave move but Purple has crossed white and smooth signifying a downward leg. Danas first rule is to never trade against a trend, I'm not saying it wont work but as your in profit already move your SL to BE.

Edit, I've been blocked from posting on here, but nothing is stopping me from editing an old post. Shame as I was starting to enjoy being on here, so to all those including Dana thank you for your feedback. I know I have some bad habits to break and some that I wont as they've done me well over the years.
  • #4,712
  • Mar 10, 2016 4:35am Mar 10, 2016 4:35am
Quoting badlyspeltbo
{quote} Ok, this is how I used to trade, but my word it can be frustrating, so stressful. Simply put you look left on the chart, retail investors will trade between two points and will buy and sell between those points, they will have very tight stops. I hate retail investors so when the stops are hit that's when I used to trade. Now I use Danas system to point me in the right direction, and trade accordingly and to his rules, but I'm still looking for the sticking points.
Ok so you need first Study all the Thread besfore posting things that is not in there and can create confuse to other students my friend. GoodLuck.
  • #4,713
  • Mar 10, 2016 5:20am Mar 10, 2016 5:20am
Quoting Contrax
The problem of all of US, is the old habits..... But i was thinking the old habits is "candle pattern" "candle movement" "price action" "old divergence" "old fibonnaci information"... -> WE ARE THINKING TOO MUCH.... <- I have writted most of the answers of Dana when he quote me my questions.... and i remember this: "old school thinking will not work with the Paradox. You need to give yourself a break and get back to the basic fundamentals. " " I was going to tell you had missed it when you posted your plan. To much focus on the up with the trend...
  • #4,714
  • Mar 10, 2016 5:39am Mar 10, 2016 5:39am
Did any one else get a green arrow on the 1H chart?

This is GMT.
2016.03.10 11:29:22.867 Paradox_Trend_EMA_Alert EURJPYpro,H1: Alert: BUY signal at Ask=124.634\n Bid=124.61\n Time=2016.03.10 11:29\n Symbol=EURJPYpro Period=60
  • #4,715
  • Mar 10, 2016 5:43am Mar 10, 2016 5:43am
Quoting nigpig
Did any one else get a green arrow on the 1H chart? This is GMT. 2016.03.10 11:29:22.867 Paradox_Trend_EMA_Alert EURJPYpro,H1: Alert: BUY signal at Ask=124.634\n Bid=124.61\n Time=2016.03.10 11:29\n Symbol=EURJPYpro Period=60
Yes, it's on my 1hr and 2hr chart. Caused by market crossing above EMA, if my understanding is correct.
  • #4,716
  • Mar 10, 2016 5:56am Mar 10, 2016 5:56am
Quoting mitao
My daily plan: 10. Mar 2016 based on 4th candle after Sydney open (H2). The market is in consolidation. On D1 EMA is crossing Purple. The main Trend Romar in H2 is Up, also EMA Trend is UP, so I would prefer an long entry from support. {image}
Daily EMA is support and up.
  • #4,717
  • Mar 10, 2016 6:06am Mar 10, 2016 6:06am
Quoting Paradox7
Took long @124.377 Reasoning: 1H closed above ROMAR and PSAR still intact. 2H also closed above ROMAR after testing PSAR and bounced back. EMA is support with crossing over ROMAR and under Purple. Green Divergence I think also come up off 2nd retrace unless I have this wrong. Aiming TP for touch on 2H purple. Any comments on this trade? Update: I took profit at 124.432. I realized 4 Horsemen in downtrend on 1H and Purple has crossed White and Smooth on the 2H. MACD strong down movement on 1H and diminishing on 2H.
2nd Update: The trade ended up getting 40 pips, could someone tell me which view was correct though. Was my initial reasoning correct or was I also correct for closing early? Thanks
  • #4,718
  • Mar 10, 2016 6:06am Mar 10, 2016 6:06am
Quoting bigijs
{quote} Daily EMA is support and up.
Yes if EMA crossed Purple, but I can't see it very well.
I think Purple is going to cross EMA, but now it can be both crossing or slide.
Probably we will see it beter tomorrow.
  • #4,719
  • Mar 10, 2016 6:25am Mar 10, 2016 6:25am
Quoting mitao
{quote} Yes if EMA crossed Purple, but I can't see it very well. I think Purple is going to cross EMA, but now it can be both crossing or slide. Probably we will see it beter tomorrow.
Can you post your daily chart?
  • #4,720
  • Mar 10, 2016 6:31am Mar 10, 2016 6:31am
Quoting shinny
{quote} 90% of what you say has absolutely nothing to do with the rules of this system.
Hi Shinny, I go long from H2 Roma, I go long with Romar H2 trend as a strong resistance althought I don't have 4 horsemen in H2.

I think that I buy from support and sell at resistance in consolidation

Is my trade right or not ?
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