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The Paradox System

  • #5,501
  • Mar 16, 2016 4:08pm Mar 16, 2016 4:08pm
Quoting shinny
Hello Friends I hope you had a great day, and either had some popcorn or spent time with your family and loved one's during, before and after the FOMC! I was reading back through the thread, and I noticed (and remembered) a post about trading the CADJPY. And Our Teacher mentioned that there were only 4 major currency pairs ( EURUSD, USDJPY, GBPUSD, USDCHF) and nobody asked - why are we trading EURJPY then? If you read back to the begnning of the thread, our training pair was USDJPY. And why was that? Because its a less volatile pair than EJ. And...
Very interesting Shinny, thank you
  • #5,502
  • Mar 16, 2016 4:10pm Mar 16, 2016 4:10pm
Quoting shinny
Hello Friends I hope you had a great day, and either had some popcorn or spent time with your family and loved one's during, before and after the FOMC! I was reading back through the thread, and I noticed (and remembered) a post about trading the CADJPY. And Our Teacher mentioned that there were only 4 major currency pairs ( EURUSD, USDJPY, GBPUSD, USDCHF) and nobody asked - why are we trading EURJPY then? If you read back to the begnning of the thread, our training pair was USDJPY. And why was that? Because its a less volatile pair than EJ. And...
And you very right. There was a time the U/J was my pair. It was also a time that the "carrier" traders where in full bloom and the U/J was the pair to trade. But once the central banks demolish the carriers it was over with.
The Dove - Forex Trainer
  • #5,503
  • Mar 16, 2016 4:12pm Mar 16, 2016 4:12pm
Quoting dove_alliance
{quote} And you very right. There was a time the U/J was my pair. It was also a time that the "carrier" traders where in full bloom and the U/J was the pair to trade. But once the central banks demolish the carriers it was over with.
And I remember that unwind very well! Crazy days indeed...
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #5,504
  • Mar 16, 2016 4:12pm Mar 16, 2016 4:12pm
Date: Closing of Wednesday 03.16.16

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: Both SAR and DB attached at 127.277 for continuance of uptrend
Fibo up or down: Up from the bottom

Notes: The 4 horsemen are in uptrend with ROMAR as resistance, with a spread of wednesday closing to ROMAR of about 125 pips.

2 HR:
OPEN PRICE - 126.29
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: SAR and DB attached at 126.44 for continuance of uptrend
Fibo up or down: Up, market reached the 61.8 fibo

Notes: 4 horsemen in uptrend with EMA and ROMAR as support. Divergence line is showing along with SAR/DB thistle tag and the magenta top swing line. BB line is heading up

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Fibo up or down: Down

Notes: Market is close to the 0 Fibo, after hitting BB. 4 horsemen are in uptrend, with EMA and ROMAR as support

Final Notes for all three charts: We are in consolidation with H1/H2 in uptrend swing. The 4 horsemen in all three charts are in uptrend. Although on H2 there is divergence, I see strenght on all charts, so I will not consider selling at this point.

Entry:
Consolidation:
Long: I will wait for market to retrace to H1 4 horsemen (either Smooth, Ema or Parabolic) to place a long order.
Short:

Notes for readjustments: There is red news tomorrow 17 at 2:30 am EST (BOJ Gov Kuroda speaks)
  • #5,505
  • Mar 16, 2016 4:14pm Mar 16, 2016 4:14pm
Quoting shinny
{quote} And I remember that unwind very well! Crazy days indeed...
It sure was Crazy.
The Dove - Forex Trainer
  • #5,506
  • Mar 16, 2016 4:32pm Mar 16, 2016 4:32pm
Hi Shinny,

I mentioned CADJPY as currency pair that I was trading. It was my choice just because one thing that pair respect fib tools at unbelievable precision so one can pinpoint exit and entry at a pip, I witnessed that 3 month trading only that pair.

So I didnt ask to much questions because I was thinking that Dove with his 30 years (if I remember correctly) of experience surely have reasons why we should trade EURJPY with Paradox.
  • #5,507
  • Mar 16, 2016 4:34pm Mar 16, 2016 4:34pm
Quoting snfx
Hi Shinny, I mentioned CADJPY as currency pair that I was trading. It was my choice just because one thing that pair respect fib tools at unbelievable precision so one can pinpoint exit and entry at a pip, I witnessed that 3 month trading only that pair. So I didnt ask to much questions because I was thinking that Dove with his 30 years (if I remember correctly) of experience surely have reasons why we should trade EURJPY with Paradox.
I wasn't having a go at you, just was surprised that nobody followed up!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #5,508
  • Mar 16, 2016 4:40pm Mar 16, 2016 4:40pm
Yes no problem .... I didnt get that on any kind of wrong way... Just saw mentioning CADJPY so thought to write my conclusions about that pair
  • #5,509
  • Mar 16, 2016 4:41pm Mar 16, 2016 4:41pm
Quoting snfx
Yes no problem .... I didnt get that on any kind of wrong way... Just saw mentioning CADJPY so thought to write my conclusions about that pair
Yes I know my friend
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #5,510
  • Mar 16, 2016 4:58pm Mar 16, 2016 4:58pm
Quoting ciscok9
Date: Closing of Wednesday 03.16.16 Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment: Both SAR and DB attached at 127.277 for continuance of uptrend Fibo up or down: Up from the bottom Notes: The 4 horsemen are in uptrend with ROMAR as resistance, with a spread of wednesday closing to ROMAR of about 125 pips. 2 HR: OPEN PRICE - 126.29 ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment:...

my trading plan is similar to yours !

Date: 16 mars 2016

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB/SAR Attachment merged up at 127,277
Fibo up or down up

Notes:
4 horsemens in uptrend.
EMA as support
Romar as resistance.
Market above open price since opening
Market back to daily support level.
6 2 hours left before new day candle.

2 HR:
OPEN PRICE 126,397 (the 0,618 fib)
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow - up
Last DB/SAR Attachment merged up at 126,503
Fibo up or down up

Notes:
Divergence between current market and support.
Market is unbalanced.

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing up
Last EMA Alert Arrow up
Last DB/SAR Attachment merged up at 126,503
Fibo up or down down

Notes: the fibo flipped in accordance with the green divergence attachment.

Final Notes for all three charts: All three charts are congruant. The daily is up, the 2H is up, the 1H is up.

Entry:
Long: The market is still up right now. All signals are up except for the daily romar acting as resistence which means the market could evry well retract to daily romar during a retrace. Im looking for a retrace from the open of the current 2H candle to 2H EMA, based on the divergence attachment AND the fibo flip on the 1H. The market is still up. As soon as white crosses purple I will wait for the end of the retrace then go long.


Notes for readjustments: Still news coming tonight.



edit: 2 hours before the new day candle, not 6, my bad.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #5,511
  • Mar 16, 2016 5:16pm Mar 16, 2016 5:16pm
Quoting Jaymantos
{quote} my trading plan is similar to yours ! Date: 16 mars 2016 Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing up Last EMA Alert Arrow up Last DB/SAR Attachment merged up at 127,277 Fibo up or down up Notes: 4 horsemens in uptrend. EMA as support Romar as resistance. Market above open price since opening Market back to daily support level. 6 2 hours left before new day candle. 2 HR: OPEN PRICE 126,397 (the 0,618 fib) ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing up Last EMA...
Jay - check your PM.
The Dove - Forex Trainer
  • #5,512
  • Mar 16, 2016 5:41pm Mar 16, 2016 5:41pm
Attached File(s)
File Type: doc 3-16-2016.doc   20 KB | 469 downloads


Trading Plan
  • #5,513
  • Edited 5:56pm Mar 16, 2016 5:43pm | Edited 5:56pm
Sorry about the word file.


Date: 16 Mar 2016

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing UP
Last EMA Alert Arrow UP
Last DB Attachment 127.27 UP
Fibo up or down UP Green

Notes:

2 HR:
OPEN PRICE - 126.46
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing UP
Last EMA Alert Arrow UP
Last DB Attachment 126.50
Fibo up or down Green UP 126.50

Notes:

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing UP
Last EMA Alert Arrow UP
Last DB Attachment 126.50 UP
Fibo up or down Down Red on H1, UP Green on H2

Notes:

Final Notes for all three charts: Divergence on H2 but no Magenta Price Box

Entry:
Consolidation: Would wait
Long: On pullback to Horsemen
Short: If Divergence confirmed

Notes for readjustments:

Edit Note: Divergence would only be confirmed if it ends with a magenta price box and next candle opens without DB or SAR attached.
  • #5,514
  • Edited 6:24pm Mar 16, 2016 5:58pm | Edited 6:24pm
For better or for worse, I just completed my trade plan without looking at anyone else's first. Would appreciate anybody's input!

Trading plan Eur/Jpy 3/16/16 16:00 est

DAILY CHART:
ROMAR: Resistance
EMA : Support
PSAR: Support
Daily Check List:
Last MACD 0 crossing: Crossing is up.
Last EMA Alert Arrow: Green Arrow up
Last DB Attachment: Both DB/SAR attached on top at 127.277. Green divergence and thistle box attached
Fibo up / down: Fibo is Green up from the bottom.

Notes: The 4 horsemen are in the uptrend with EMA and PSAR. ROMAR is resistance. Current candle opened at 125.617 and currently touching purple at candle high for today 126.45 Looks like white wants to slide under purple..

2 HR CHART:
OPEN PRICE: Open at 126.412
ROMAR: Support
EMA: Support PSAR: Support
2 HR Check List:
Last MACD 0 crossing: The crossing is up.
Last EMA Alert Arrow: Green up..
Last DB Attachment: Both DB/SAR attached to top of candle at 126.503 Green divergence & thistle box attached
Fibo up / down: Fibo is Green up from bottom.

NOTES: The 4 horsemen are aligned in uptrend holding support with EMA. Current candle just past 61.8 fib & trying to push past previous candle high & if so, db/sar will attach to it.

1 HR CHART:
ROMAR - Support
EMA - Support
PSAR Support
1 HR Check List:
Last MACD 0 crossing: Crossing is up.
Last EMA Alert Arrow: Green up before the MACD crossing.
Fibo up / down - Fibo is Red down from top.

NOTES: The 4 horsemen in strong uptrend but current candle at 0 down fib high and previous candle high was also at 0 fib. 1 hr chart signaling exhausted getting ready to head down soon.

Final Notes for all three charts: Since 1 hr chart is signaling near exhaustionwith red fib, and 2 hr & daily both with green fib and no magenta box yet on db/sar I will watch for retrace on 1 hr chart for opportunity to enter near purple support on 2 hr chart.

ENTRY:
Consolidation:
Long: I will enter long when 2 hr candle gets near purple with 1 hr chart having retraced into support and starting to head back up again.
Short:

Notes for readjustments:
“The waiting is the hardest part” Tom Petty
  • #5,515
  • Mar 16, 2016 6:04pm Mar 16, 2016 6:04pm
Quoting SirViver
For better or for worse, I just completed my trade plan without looking at anyone else's first. Would appreciate anybody's input! Trading plan Eur/Jpy 3/16/16 16:00 est DAILY CHART: ROMAR: Resistance EMA : Support PSAR: Support Daily Check List: Last MACD 0 crossing: Crossing is up. Last EMA Alert Arrow: Green Arrow up Last DB Attachment: Both DB/SAR attached on top at 127.277. Green divergence and thistle box attached Fibo up / down: Fibo is Green up from the bottom. Notes: The 4 horsemen are in the uptrend with EMA and PSAR. ROMAR is resistance....
Very good SirViver - stick with your plan and see what happens. Check your PM.
The Dove - Forex Trainer
  • #5,516
  • Mar 16, 2016 6:09pm Mar 16, 2016 6:09pm
Quoting rcbarlow
Sorry about the word file. Date: 16 Mar 2016 Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing UP Last EMA Alert Arrow UP Last DB Attachment 127.27 UP Fibo up or down UP Green Notes: 2 HR: OPEN PRICE - 126.46 ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing UP Last EMA Alert Arrow UP Last DB Attachment 126.50 Fibo up or down Green UP 126.50 Notes: 1 HR: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing UP Last EMA Alert Arrow UP Last DB Attachment 126.50...
This is a very good Randy -- You are seeing things in your plan which I am sure is going to help you with your entry.
The Dove - Forex Trainer
  • #5,517
  • Mar 16, 2016 6:14pm Mar 16, 2016 6:14pm
Trading Plan 16 March - sorry for the delay but I had some problem with my PC

Daily
ROMAR: resistance
EMA: support
PSAR: support

Check list:
Last MACD: up
Last Arrow alert: Green - Up
Last DB attachment: top of the candle with thistle tag of SAR
Fibo: up from the bottom

Note: Main trend down with Romar keep resistance. Swing trend up with 4 horseman at support. Opening candle below white and green divergence attached to the candle with DB/SAR attachment

2H
ROMAR: support
EMA: support
PSAR: support

Check List:
Last MACD: up
Last Arrow alert: green - Up before MACD crossing alert
Last DB attachment: top of the Sidney opening candle. Higher high with thistle Tag of SAR.
Fibo: up from the bottom

Note: strong trend up. 4 horseman at support. Green divergence attached at Sidney opening candle.

1H
ROMAR: support
EMA: support
PSAR: support

Check list:
Last MACD: up
Last arrow alert: Red - down
Fibo: down from the top

Note: strong trend up. 4 horseman at support. Sidney opening candle hit higher BB.

Note on all three charts: all three charts are up but a retrace is possible due to double higher high on 1h and green divergence attached on 2h.

Entry: Due to the strong trend up on 1h and 2h I am waiting for a retrace to support for going long. Daily Romar is at more than 100 pips.

Notes for readjustment: medium impact news coming in about 30 min.
  • #5,518
  • Edited 6:47pm Mar 16, 2016 6:16pm | Edited 6:47pm
Ok...this one is a little more difficult than yesterday...please comment!!

Date: Sydney Open 03-16-16

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow - Lime Green up on same bar of the MACD crossing up: Retrace with Red Arrow and then Lime Green up.
Last DB Attachment - Both DB/SAR attached on top at 127.277 for continuance of the uptrend.
Fibo - Fibo is up from the bottom.

Notes: The 4 horsemen are in the uptrend with ROMAR as resistance. with a spread of about 100 pips between market and ROMAR resistance with all signals in sync for the uptrend.

2 HR:
OPEN PRICE Opened at 126.299
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - The crossing is up at Romar.
Last EMA Alert Arrow Green arrow up from the bottom around zero fib.
Last DB Attachment - Both DB/SAR attached on top at 126.524 with thistle price box just above 61.8 fib (and green divergence attached)
Fibo up or down - Fibo is GREEN up from the bottom with market above 61.8

Notes: Market is up with 4 horsemen in strong uptrend with good separation. Green divergence has attached along with DB/SAR and price box.

1 HR:
ROMAR - Support
EMA - Support
PSAR Support

Check List:
Last MACD 0 crossing - The crossing is up
Last EMA Alert Arrow - Lime Green up before the MACD crossing and on same bar as a previous MACD down arrow. Most recent is up.
Fibo up or down - Fibo is down from the top.

Notes: 4 Horsemen are in a steep angle up with good separation with the market above all 4. BBs are spread apart for uptrend. Market is also above MA5 and market opening. Indication is uptrend could continue.
Note on all 3 charts: Market is approaching daily Romar resistance with H1 fibo down and H2 fibo up showing conflict. Also divergence on H2 indicates a possible pullback soon but with strong movement up, that might not happen.

Final Conclusion: Low impact JPY news at 7:50 EST before next H2 candle opening
ENTRY: LONG with strong uptrend I DON'T plan to trade divergence short but wait for pullback. If 40 pips stop loss will be enough to keep me in with lowest 4 horsemen support, Ill enter long at H2 candle opening after pullback referencing H1 candle at support but market must be close to H2 support as well AND H1 must agree with H2 for uptrend continuation as opposed to reversal. Also will be referencing gap to Daily Romar.
~ Tim
  • #5,519
  • Mar 16, 2016 6:49pm Mar 16, 2016 6:49pm
My first Plan.

Date: 17.03.2016

Daily:
ROMAR -Resistence
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: UP with Lime green same candle
Last EMA Alert Arrow: Lime Green
Last DB Attachment: 127.277
Fibo up or down: UP
Notes: 4 Horsemen suggests up trend. BB wide open. Romar way Clean.

2 HR:
OPEN PRICE - 126.412
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: UP after Lime green
Last EMA Alert Arrow: Lime Green
Last DB Attachment: 126.524 with divergence Line.
Fibo up or down: Up

Notes: 4 horsemen suggests up trend but far away from the market now. BB widely opened.

1 HR:
ROMAR - : Support
EMA - : Support
PSAR - : Support
Check List:
Last MACD 0 crossing: Up- after limegreen&down same candle
Last EMA Alert Arrow:Lime green and macd cross down same candle.
Last DB Attachment: -
Fibo up or down: Down from 0%. Just flipped.

Notes: 4 horsemen of all time frame suggests up trend. Since Fibo flipped at 1H a retrace or swing may be expected.

A conflict with lime greeen and macd down same candle for 1H? May be but another macd up candle seen after it which may have cleaned the conflict. Confused about that. BB widely opened.

Final Notes for all three charts: A powerful uptrend. 1 H fibo flipped expected swing or retrace.

Entry: long at 2H Purple which will be around 126.26 will unite with Daily smooth at about 126.33. powerful support. My long choice will be 2H Purple.

Notes for readjustments: major high volatility news has passed. Clean till Eurozone Consumer Price Index (CPI) at 12:00 (GMT +2)
There are no weapons that will form against my financial prosperity.
  • #5,520
  • Mar 16, 2016 7:09pm Mar 16, 2016 7:09pm
Hi all,I am on a trip sinceMonday,but I always monitoring this thread from myiPad.
Here is mytoday's plan at 18.19 EST 17 March 2016
Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check list
Last MACD 0 crossing - up
Last EMA Alert Arrow - Lime Green up
Last DB Attachment - DB/SAR attached at top 127.277
Fibo - Fibo is green up from the bottom.

Notes: The 4 horsemen are aligned for upswing, heading to ROMAR

2 HR:
OPEN PRICE Opened at 126.31
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - Lime Green Up
Last DB Attachment - DB/SAR attached on top at 126.524
Fibo - Fibo is green up from the bottom

Notes: 4 horsemen aligned for upswing and the fact that EMA Alert appeared before MACD cross tell us that they are not conflicting each other.


1 HR:
ROMAR - Support
EMA - Support
PSAR Support

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - Lime Green up.
Fibo - Fibo is down from the top.
Notes: 4 horsemen aligned up, but Fibo is red, ready for retracement

Note on all 3 charts: although the green divergence have appeared in daily and H2, the four horsemen are heading to daily ROMAR
EMA alert and MACD cross in both H1 and H2 not conflicting each other, so we don't have any compromise at this point

Projected entry :
Consolidation : none
Long : I will go long when market retrace deeper at H2s 4 horsemen
Short : none
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