why learning Paradox, just scalping price action and using the support and resistance of the system. So, my entries will not fit your plan, nor mine for that matter. I entered at 115.212 out at 115.306 again at 115.235 and out at 115.331. Watching yours and indamoments plans and they have help me design mine. Currently, while I study this program I find these different levels from the Paradox system as extremely effective in assisting entries and exits. We find ourselves testing the resistance level again on the 1H.
- #6,270
- Edited 10:55pm Sep 1, 2016 10:45pm | Edited 10:55pm
Yesterday I took out 17 pips, would have done better but I was looking at H2 W crossing P instead of the H1 crossing. I'm ok with that since I'm still a student. ha ha
. My mistake yesterday was that I first interpreted the bottom SAR attachment as a sign of a new trend downwards with the red EMA arrow (which wasn't confirmed at that stage and disappeared when market got above EMA again). I was anticipating instead of trading in the moment with 1 hour turning in the downtrend, but the next open 2 hour candle was right at EMA support and it had the 23.6 Fibo also as support and White was only sliding on top of Purple. That would have been 32 pips to the Fibo 0.0 line instead of the 20 pips I got now. In hindsight it would have made it to 40 pips easily.In a couple of hours we have the NFP announcement and usually, at least as I've seen the last couple of times, the hours before the announcement market is indecisive and goes sideways. Therefore I will just watch the market today and not trade it. Especially with indicators showing long while we're at the top of H1/H2 market and above Daily ROMAR resistance.
{quote} At least it was a winning trade
{quote} I followed my plan today, even though I knew it didn't have as much confluence as I would like. It just closed for 18.1 pips. Now I'm out until after NFP. I had a reasonably good week - I hope you all did too!
at the moment I find it hardest to struggle sometimes that when we get a retracement to smooth / EMA or whatever, I think is this a retracement or the start of a reversal?
it's like you took that long there the other day:
what is the big difference in that screenshot in comparison to the other situations where it retraced and continued up
past days we've only gone up with little retracements. Today I haven't made a plan as I do not really plan to trade with NFP. I also did not expect price to go up much higher than ROMAR.
{quote} I'd be careful in saying that it has been breached. price is over it but purple hasn't crossed so you cannot say it has been breached. though, I also looked at it as a big stop but if you look at all the other factors: 1H and 2H ROMAR, 4 horsemen EMA all in an uptrend and on the daily all the horsemen and EMA are also in an uptrend. we cannot say yet that the daily will eventually breached, there could easily be a slider of EMA eventually but this would just be anticipating. in the moment we can only say that we are in a strong shorter term...
- #6,280
- Sep 2, 2016 5:04pm Sep 2, 2016 5:04pm
- Joined Jun 2007 | Status: Trading Live For The Last 14 Years. | 5,761 Posts
Hello traders and blessing -
I am not here to train but to post some advice; and one of the greatest advice an experience trader gives is you never, ever trade against the trend. It matters not if the market is ranging or consolidating - there is always a trend.
The Paradox was given to you with rules that are set in stone; and if you break the rules - you will lose. If you create your own rules - you will lose. If you try to interpret or shift the rules for your own benefit, and/or what you think will happen - you will lose.
I have stated it very clearly throughout my tutorials that the 1 hour chart (H1) IS NOT A TRADING CHART but ONLY a reference chart for the 2 hour (H2) chart which is your trading and trend chart. The 1 hour is only a reference for syncs WITH the 2 hour chart. And by trading the 1 hour chart takes you into the perfect storm of becoming a loser.
There are only two venues of being a trader:
1 - being objective.
Or:
2 - being subjective.
Being objective is also being steadfast with faith, believing, and controlling your own emotions.
Being subjective is also being intimidated with the market having control.
Being objective means you never, ever chase the market but let the market come to you.
Which chart controls the trend? The answer is the H2 chart.
What is trend with the H2 chart? The answer is ROMAR as primary and it changes trend when it crosses EMA. Above EMA is in a downtrend - below EMA is in an uptrend. Your secondary trend are the Parabolics. And the Parabolics is in control of the 4 horsemen. This means if the Parabolic does not flip then you are in a slider going back into the original trend.
The only way the market can change direction (either reversal or swing) is with the FLIP OF THE PARABOLIC. And that is with EMA at or crossing Purple. If you are trading against the parabolic trend then you are also losing your trades. Which also means you are breaking the rules of trading.
The Paradox is telling you a story from bar to bar and I havent seen anyone listening to what the Paradox is saying.
The greatest mistake a trader can make is predicting or thinking what the market will do. The Paradox is 100% correct but your thinking is not. You would be lucky to be 30% correct with your thinking.
I also see a lot of trading plans correct in matching the H1 in sync with the H2. But those plans are very seldom ever traded. That means too much fear in believing what you are seeing not being true. This traders is what I would call shameful in not following through with your own plans. Because someone says something that does not match up with your plans does not mean that person is right. On the contrary - you are right. Your trading plan is your greatest tool in getting you into the right trade (provided your plan is with the trend). And getting into the right trade is when the H1 is in sync with the H2.
Below is a screen shot of my entry Tuesday on the H2 chart. It is showing two entries and I took the second entry with the Parabolic. And why would I wait on the second entry. The reason was because of the Daily Uptrend. I was waiting on the market to make its way to me with the Parabolic. The market is up with the Daily and it was going nowhere but up once the H2 Parabolic had flipped. It was then in sync with the Daily.
With this entry I rode the trend. When the SAR retraced on the H2 I took a second entry and rode both entries to the top. Because of the rule of first in and first out I took 210 pips with the first entry and then 131 with the second entry.
The rules are set in stone for a reason. Continue in breaking the rules and you will continue to be a loser.
Everything is there for you in all of my tutorials - nothing has been left out. All you need to do is learn the rules for trading.
I am not here to train but to post some advice; and one of the greatest advice an experience trader gives is you never, ever trade against the trend. It matters not if the market is ranging or consolidating - there is always a trend.
The Paradox was given to you with rules that are set in stone; and if you break the rules - you will lose. If you create your own rules - you will lose. If you try to interpret or shift the rules for your own benefit, and/or what you think will happen - you will lose.
I have stated it very clearly throughout my tutorials that the 1 hour chart (H1) IS NOT A TRADING CHART but ONLY a reference chart for the 2 hour (H2) chart which is your trading and trend chart. The 1 hour is only a reference for syncs WITH the 2 hour chart. And by trading the 1 hour chart takes you into the perfect storm of becoming a loser.
There are only two venues of being a trader:
1 - being objective.
Or:
2 - being subjective.
Being objective is also being steadfast with faith, believing, and controlling your own emotions.
Being subjective is also being intimidated with the market having control.
Being objective means you never, ever chase the market but let the market come to you.
Which chart controls the trend? The answer is the H2 chart.
What is trend with the H2 chart? The answer is ROMAR as primary and it changes trend when it crosses EMA. Above EMA is in a downtrend - below EMA is in an uptrend. Your secondary trend are the Parabolics. And the Parabolics is in control of the 4 horsemen. This means if the Parabolic does not flip then you are in a slider going back into the original trend.
The only way the market can change direction (either reversal or swing) is with the FLIP OF THE PARABOLIC. And that is with EMA at or crossing Purple. If you are trading against the parabolic trend then you are also losing your trades. Which also means you are breaking the rules of trading.
The Paradox is telling you a story from bar to bar and I havent seen anyone listening to what the Paradox is saying.
The greatest mistake a trader can make is predicting or thinking what the market will do. The Paradox is 100% correct but your thinking is not. You would be lucky to be 30% correct with your thinking.
I also see a lot of trading plans correct in matching the H1 in sync with the H2. But those plans are very seldom ever traded. That means too much fear in believing what you are seeing not being true. This traders is what I would call shameful in not following through with your own plans. Because someone says something that does not match up with your plans does not mean that person is right. On the contrary - you are right. Your trading plan is your greatest tool in getting you into the right trade (provided your plan is with the trend). And getting into the right trade is when the H1 is in sync with the H2.
Below is a screen shot of my entry Tuesday on the H2 chart. It is showing two entries and I took the second entry with the Parabolic. And why would I wait on the second entry. The reason was because of the Daily Uptrend. I was waiting on the market to make its way to me with the Parabolic. The market is up with the Daily and it was going nowhere but up once the H2 Parabolic had flipped. It was then in sync with the Daily.
With this entry I rode the trend. When the SAR retraced on the H2 I took a second entry and rode both entries to the top. Because of the rule of first in and first out I took 210 pips with the first entry and then 131 with the second entry.
The rules are set in stone for a reason. Continue in breaking the rules and you will continue to be a loser.
Everything is there for you in all of my tutorials - nothing has been left out. All you need to do is learn the rules for trading.
The Dove - Forex Trainer