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The Paradox System

  • #6,761
  • Dec 15, 2016 8:30am Dec 15, 2016 8:30am
Date: December 15/2016
Session: New York

Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: Green
Last DB Attachment: current candle 124.094
Fibo up or down: red
Notes: Green and Magenta divergence attached along
with DB and Sar.

2 HR:
OPEN PRICE - 123.280
ROMAR - Support
EMA - Support
PSAR -Support
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: 124.094
Fibo up or down: Down
Notes: Market showing rejection of fib 61.8 and open underneath
parabolic with Sar attached.

1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Fibo up or down: down

Notes: Market hit Romar and price bounced with the new
open candle.

Final Notes for all three charts: Romar/Ema uptrend on all three charts
with H1 and H2 in a down swing but price bouncing off Romar on H1 and Fib 61.8 on H2 with Sar Attached.Likely the start of a new downward movement
but will try to get a quick 40 out first. Lot's of news releases affecting market this morning but nothing at the moment so will trust the paradox support and resistance.

Entry: Entry at H2 fib 61.8 long. Market underneath parabolic on H2 so will
move my stop to break even when it touches Parabolic as this is resistance now and hang on for 40
Consolidation:
Long: 122.850
Short:
Notes for readjustments:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 44 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,762
  • Dec 15, 2016 8:39am Dec 15, 2016 8:39am
Quoting Clip75
Date: December 15/2016 Session: New York Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: Green Last DB Attachment: current candle 124.094 Fibo up or down: red Notes: Green and Magenta divergence attached along with DB and Sar. 2 HR: OPEN PRICE - 123.280 ROMAR - Support EMA - Support PSAR -Support Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last DB Attachment: 124.094 Fibo up or down: Down Notes: Market showing rejection of fib 61.8 and open underneath parabolic...
Yes that was a good confluence, very nice trade! I got in a little late at 122.946, so still need a few pips.

Edit: Got them already I see.
  • #6,763
  • Dec 15, 2016 8:46am Dec 15, 2016 8:46am
Quoting Elflaco
{quote} Yes that was a good confluence, very nice trade! I got in a little late at 122.946, so still need a few pips. Edit: Got them already I see.
Nice!!! That 40 was half an hour. Sure was tempted to stay in with the momentum but better not be greedy
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,764
  • Dec 15, 2016 8:50am Dec 15, 2016 8:50am
Quoting Clip75
{quote} Nice!!! That 40 was half an hour. Sure was tempted to stay in with the momentum but better not be greedy
Pays to be patient. Yes, I think for now it's better to just focus on the 40 pips a day and build up confidence with that, because in reality 40 pips a day is all you need.
  • #6,765
  • Dec 15, 2016 10:16am Dec 15, 2016 10:16am
Quoting Clip75
Date: December 15/2016 Session: New York Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: Green Last DB Attachment: current candle 124.094 Fibo up or down: red Notes: Green and Magenta divergence attached along with DB and Sar. 2 HR: OPEN PRICE - 123.280 ROMAR - Support EMA - Support PSAR -Support Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last DB Attachment: 124.094 Fibo up or down: Down Notes: Market showing rejection of fib 61.8 and open underneath parabolic...
Well Chris - I must say you had surprised me with such an outstanding trading plan created in the moment and took the trade without fear. Congratulation on a job well done. I can tell God had blessed you with a wife that is very smart and intelligent. Set aside your pride and ego and become humbled in listening to her. She is your pedestal in taking you places beyond your dreams. Keep her strong within you because our Lord is showing you the way. And also, listen carefully in what advise Shinny and Elflaco gives you. They both know exactly what they are saying.

Once again, congratulations.
The Dove - Forex Trainer
  • #6,766
  • Dec 15, 2016 11:28am Dec 15, 2016 11:28am
Quoting dove_alliance
{quote} Well Chris - I must say you had surprised me with such an outstanding trading plan created in the moment and took the trade without fear. Congratulation on a job well done. I can tell God had blessed you with a wife that is very smart and intelligent. Set aside your pride and ego and become humbled in listening to her. She is your pedestal in taking you places beyond your dreams. Keep her strong within you because our Lord is showing you the way. And also, listen carefully in what advise Shinny and Elflaco gives you. They both know exactly...
Thank You
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,767
  • Dec 15, 2016 11:47am Dec 15, 2016 11:47am
Hello Traders

Nice to see that others also got +40, same trade as me. I am late posting it as internet went kaput. Not having a good week with electricity and internet!!

Shaun
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 151216.jpg Size: 403 KB
Click to Enlarge Name: ej 151216 print.jpg Size: 6 KB
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,768
  • Dec 16, 2016 4:59am Dec 16, 2016 4:59am
Quoting shinny
{quote} ...With the Paradox you will keep having moments where light bulbs go off, as they do with me now still after nearly 1 year studying and trading. After a few months of learning you can make a good living from this system, but the longer you trade it and study it the more is revealed and sometimes I literally just go Wow at the power of this system. Most people give up due to a number of reasons, you can see a lot come on to this forum and ask if its still profitable etc etc, and that shows their lack of faith and heart. These people will...
Find this really inspiring Shaun - I'm excited to be learning and to be on this journey with such high quality people. Question for you - now that you're trading paradox full time - have you remained with the EURJPY pair? From reading Dana's posts I believe getting to know this one pair and how the paradox can show you they way means that we don't need to look at other pairs? Thanks Nick
  • #6,769
  • Dec 16, 2016 5:00am Dec 16, 2016 5:00am
Quoting shinny
Hello Traders Nice to see that others also got +40, same trade as me. I am late posting it as internet went kaput. Not having a good week with electricity and internet!! Shaun {image} {image}
Dear shinny,

I am folowing this thread since the beginning about 1 year ago. With the Paradox I was able to improve my trading tremendously (many thanks to Dove!). But on some days I am really helpless, and such a day was yesterday.
Please allow me one question:
- the situation yesterday with the Peak at 124.084 was strong Long (on all Charts the horsemen were strong up, EMA above ROMAR, Parabolic down)
- my trading plan said to go Long at Support what I did when it touched Purple at 123.600. But it didn't stop and moved lower and lower.
- my hope was, that it would reverse at the parabolic at 123.100 so I entered a second Long trade (what again was too early)

My question: how did you figure out to catch the entry at the lowest Point (about 122.650)? Why didn't you get earlier into a Long trade (like I did by mistake)?
  • #6,770
  • Dec 16, 2016 5:53am Dec 16, 2016 5:53am
Quoting whitford
{quote} Find this really inspiring Shaun - I'm excited to be learning and to be on this journey with such high quality people. Question for you - now that you're trading paradox full time - have you remained with the EURJPY pair? From reading Dana's posts I believe getting to know this one pair and how the paradox can show you they way means that we don't need to look at other pairs? Thanks Nick
Hello Nick

The EURJPY pair can and will give you all the pips you ever need. Dana is a Master at trading it because he focuses solely on it and knows it inside out. He is also pretty firm in what he says about focussing on one pair! I do occasionally trade other pairs just to keep myself on my toes and also to trade different situations and gain more experience in trading different market environments. Funnily enough in light of your question, yesterday was one of those days:

Attached Image (click to enlarge)
Click to Enlarge Name: 151216 all trades.jpg Size: 38 KB


Now, I wouldn't recommend it, I would seriously just concentrate on EURJPY. Like I said, the majority of my trading is solely EURJPY. I just sometimes like to push myself out of my comfort zone and push things a bit further.

Hope that helps my friend.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,771
  • Dec 16, 2016 8:29am Dec 16, 2016 8:29am
Quoting Cili
{quote} Dear shinny, I am folowing this thread since the beginning about 1 year ago. With the Paradox I was able to improve my trading tremendously (many thanks to Dove!). But on some days I am really helpless, and such a day was yesterday. Please allow me one question: - the situation yesterday with the Peak at 124.084 was strong Long (on all Charts the horsemen were strong up, EMA above ROMAR, Parabolic down) - my trading plan said to go Long at Support what I did when it touched Purple at 123.600. But it didn't stop and moved lower and lower....
Did you notice the big USD news that morning?
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,772
  • Dec 16, 2016 8:52am Dec 16, 2016 8:52am
Quoting Clip75
{quote} Did you notice the big USD news that morning?
The downtrend started at 6:05 AM. Do you mean the News at 8:30 AM?
  • #6,773
  • Dec 16, 2016 9:05am Dec 16, 2016 9:05am
Sorry to answer your question for Shinny Cili but I was in that trade and because of the news the market became very volatile and I took it when I had extra confluence and market tested and rejected the confluence.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,774
  • Dec 16, 2016 9:08am Dec 16, 2016 9:08am
Quoting Clip75
Sorry to answer your question for Shinny Cili but I was in that trade and because of the news the market became very volatile and I took it when I had extra confluence and market tested and rejected the confluence.
THX Clip
  • #6,775
  • Dec 16, 2016 9:08am Dec 16, 2016 9:08am
Quoting Cili
{quote} The downtrend started at 6:05 AM. Do you mean the News at 8:30 AM?
The news was at 7:30 maybe your offset is off

what time zone are you in? My time is gmt-6
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 170 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,776
  • Dec 16, 2016 10:18am Dec 16, 2016 10:18am
Quoting Clip75
Sorry to answer your question for Shinny Cili but I was in that trade and because of the news the market became very volatile and I took it when I had extra confluence and market tested and rejected the confluence.
No that's fine Chris, thanks for chipping in there
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,777
  • Dec 16, 2016 1:31pm Dec 16, 2016 1:31pm
Quoting shinny
{quote} No that's fine Chris, thanks for chipping in there
Np. Quick question for ya. When do you stop trading for the holidays and the resume? I'm guessing when the big banks are out for the holiday the liquidity will be unstable creating unpredictable volatility.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,778
  • Dec 16, 2016 1:54pm Dec 16, 2016 1:54pm
Quoting Clip75
{quote} Np. Quick question for ya. When do you stop trading for the holidays and the resume? I'm guessing when the big banks are out for the holiday the liquidity will be unstable creating unpredictable volatility.
Hello Chris

I'm going to do a post right after this explaining exactly that. I just logged on and saw your post!!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,779
  • Dec 16, 2016 2:30pm Dec 16, 2016 2:30pm
Hello Traders

I took a trade, waiting on a couple of things within the system to occur to my plan, but it was very late in the day. The trade went within a pip of the tp of 40 and bounced. I gave it another chance and then moved to +1. But anyway I closed it at +10 because its Friday and 10 is a result.

I was going over today what Dana has taught me about downtrends, which are the hardest to trade. Everything always drops so fast because of fear. You will get more sliders and less deeper pullback, unlike an uptrend that will grind you half to death!

But I was thinking on it and looking at charts and looked at the EURUSD, which I traded yesterday. But anyway, to cut a long story short, I wanted to show you something.

The tick is where the SAR attached. I went short. The arrow down is where the DB attached to the SAR. What this told me was that ultimately I wanted to be long to go HH because although its a downtrend all fibs are up and divergence is in. So I sold into support to buy it. The up arrow is where I went long to bump the DB HH. The downtrend needs a break, and the first sign of that is the Bollinger Bands coming together like crazy. But before that happened the market would test support. It did exactly that and I went long, both trades for +40.

I also did the same with the GBP. I'm not showing off - but I am showing off the power of the Holy Spirit.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 161216.jpg Size: 376 KB


Attached Image (click to enlarge)
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I hope you all have a great and blessed weekend. My wife has gone back to England a week ahead of us to prepare our home for Christmas. So for the last few days and until next Thursday I'm being Mom, Dad and Trader!!!!

I'll try and check in over the weekend if anyone wants to go through anything.

Warm Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,780
  • Dec 16, 2016 3:03pm Dec 16, 2016 3:03pm
Chris

Sorry, to answer your question, I shall be finishing trading Tues or Weds of next week and I won't be back trading until the 2nd week of January. I will be spending 10-20 minutes each day writing a plan, even though I won't trade it, just to keep up with where we are, so I'm not completely out of the loop when I get back!!

All the Best

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
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