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The Paradox System

  • #6,861
  • Dec 19, 2016 3:50pm Dec 19, 2016 3:50pm
Quoting Paradox7
{quote} Yessir, rules state to clean up your trades 5 minutes before the release or news and no harm in creating a plan anyways for educational purposes. Sometimes the news just speeds up the process of what is to happen or gives the breakout that is needed
Thnx, but with tentative releases can't they be at anytime throughout Asian session? Would it be a good idea be to make a plan and get in the trade if conditions met and if we see a widen spread close the trade?
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,862
  • Dec 19, 2016 4:11pm Dec 19, 2016 4:11pm
Quoting Clip75
{quote} Thnx, but with tentative releases can't they be at anytime throughout Asian session? Would it be a good idea be to make a plan and get in the trade if conditions met and if we see a widen spread close the trade?
Yes you are right, I personally will not be trading because of the BOJ but will still make a plan and see how it plays out
  • #6,863
  • Dec 19, 2016 4:18pm Dec 19, 2016 4:18pm
Quoting Paradox7
{quote} Yes you are right, I personally will not be trading because of the BOJ but will still make a plan and see how it plays out
Agree I will be out because of news. Have a blessed day, in Jesus name.

in Him.
  • #6,864
  • Dec 19, 2016 4:27pm Dec 19, 2016 4:27pm
Date: December 19/16
Session: Asian
News. High impact BOJ TENTATIVE

Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: up
Last DB Attachment:top at 124.084
Fibo up or down: red for down
Notes: Daily is down with open below purple and found
support at fib 23.6, parabolic, and contour line

2 HR:
OPEN PRICE - 121.739
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: Red
Last DB Attachment: 121.671 bottom
Last Sar Attachment: 121.671 attached to Db
Fibo up or down: green
Notes: Market at 0 fib possibly finding support with
current candle rejection at 0. Strong downtrend.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing: down with inclining bars.
Last EMA Alert Arrow: Red
Fibo up or down: Green
Notes: Purple sliding under white for continuation
downtrend. Declining downtrend with horsemen.

Final Notes for all three charts: Market consolidation with
H1 and H2 in agreement against Daily. Trading is both ways
off support and resistance.
Entry: Will go long with Market open above purple/smooth on h2 with white purple crossing and macd arrow up on H1 with
open above Ema as well on H1. Will go short with touch and rejection of H1 parabolic which is confluence with H2 ema and fib 23.6
****Extra caution with big news hovering the Asian session JPY

Consolidation:
Long:
Short:
Notes for readjustments:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 77 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,865
  • Edited 5:04pm Dec 19, 2016 4:30pm | Edited 5:04pm
Date: 12-19-16

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - 124.084
Fibo up or down - Down

Notes: Price sitting at the Daily Parabolic. With the new candle in a couple hours looks like purple will cross white which will then eliminate the PSAR which would make the next Daily support the 38.2

2 HR:
OPEN PRICE - 121.739
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - 121.671
Fibo up or down - Up

Notes: ROMAR officially crossed EMA for the down. DB and light blue divergence attached on the previous candle, indicating retrace and then most likely the turn back down. Gold Divergence not attached yet. At the 0 of Fibo, but looks like will keep bumping.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - N/A
Fibo up or down - Up

Notes: Currently a strong trend down and the lower band has opened up. Purple and white in a slider currently.

Final Notes for all three charts: Are in a strong downtrend consolidation. Looking mainly for sells, although longs are not out of the picture given the right circumstance. BOJ high impact news, so will not be trading.

Entry:
Consolidation:
Long: I would enter long on the next candle of the Gold Divergence attachment
Short: I would pull the trigger from an open candle below Smooth or EMA, an SAR attachment would be very ideal as well.
  • #6,866
  • Dec 19, 2016 4:41pm Dec 19, 2016 4:41pm
Quoting Paradox7
Date: 12-19-16 Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Up Last DB Attachment - 124.084 Fibo up or down - Down Notes: Price sitting at the Daily Parabolic. With the new candle in a couple hours looks like purple will cross white which will then eliminate the PSAR which would make the next Daily support the 38.2 2 HR: OPEN PRICE - 121.739 ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment...
Yes great idea to have the sar attachment for short. I think it will be an extra confluence and should attach close to Ema on H2. I'm sure
with time I will know exactly where it will attach. Not sure how it's coded tho .

edit: I think you mean gold divergence.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,867
  • Dec 19, 2016 5:06pm Dec 19, 2016 5:06pm
Quoting Clip75
{quote} Yes great idea to have the sar attachment for short. I think it will be an extra confluence and should attach close to Ema on H2. I'm sure with time I will know exactly where it will attach. Not sure how it's coded tho . edit: I think you mean gold divergence.
Hahah good catch, thanks!

SkyBlue and Gold on the bottom and Magenta and Green for the top in regards to Divergence to clear that up for those reading
  • #6,868
  • Dec 19, 2016 5:20pm Dec 19, 2016 5:20pm
Quoting Paradox7
{quote} Hahah good catch, thanks! SkyBlue and Gold on the bottom and Magenta and Green for the top in regards to Divergence to clear that up for those reading
Here is my final notes on today's trading plan.

Final Notes: The usual time with the BOJ on Tentative is between 23:00 EST and Midnight for the release. Until the release the market will be on hold bringing both the H1 and H2 into a slider. I also expect Tokyo will make some sore of trade between 19:00 and 19:30 EST and I suspect that move will be about 20 pips. My reasoning is because there is no economic news for Tokyo prior to the BOJ release. So I will wait for Tokyo's prop traders to move before I move.
The Dove - Forex Trainer
  • #6,869
  • Dec 19, 2016 6:59pm Dec 19, 2016 6:59pm
OK - since I got my trade for today here it is:

Date: 12/19/16 through 12/20/16

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow – Down
Last DB Attachment – 124.084
Fibo up or down - Down

Notes: The previous Daily had hit the Parabolic at 23.6 Fibo and the new open bar is just below the Parabolic support. The white had touched Purple but has not eliminate the Parabolic until the next Daily Candle.

2 HR:
OPEN PRICE – 121.739
ROMAR - Resistance
EMA – Resistance with the 4 Horsemen
PSAR - Resistance

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow - Down
Last DB Attachment – 121.671
Fibo up or down - Up

Notes: H2 is in a slider waiting on the BOJ release.

1 HR:
ROMAR – Resistance
EMA – Resistance with the 4 horsemen
PSAR - Resistance

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow – Down
Last DB Attachment – 121.671
Fibo up or down – Up

Notes: H1 in a slider waiting on the BOJ release

Final Notes: The usual time with the BOJ on Tentative is between 23:00 EST and Midnight for the release. Until the release the market will be on hold bringing both the H1 and H2 into a slider. I also expect Tokyo will make some sore of trade between 19:00 and 19:30 EST and I suspect that move will be about 20 pips. My reasoning is because there is no economic news for Tokyo prior to the BOJ release. So I will wait for Tokyo's prop traders to move before I move.

Entry:
Consolidation:

Long: The market is on hold for the BOJ; but I will wait on the H2 to open above purple BEFORE the BOJ release with an entry long for 20 pips, and that will be my trade for the day.

Took the Entry with the H2 open above Purple support to EMA Resistance for 20 pips.

Short:

Adjustment on Plan:
The Dove - Forex Trainer
  • #6,870
  • Dec 19, 2016 7:01pm Dec 19, 2016 7:01pm
And here is my entry according to h1 macd hit with my plan. Tp 20 pips according to Dove's advice. Moving my stop to break even now because of BOJ.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 68 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,871
  • Dec 19, 2016 7:01pm Dec 19, 2016 7:01pm
That was the H1 EMA resistance.
The Dove - Forex Trainer
  • #6,872
  • Dec 19, 2016 7:03pm Dec 19, 2016 7:03pm
Quoting Clip75
And here is my entry according to h1 macd hit with my plan. Tp 20 pips according to Dove's advice. Moving my stop to break even now because of BOJ. {image}
Take advantage of it because I do not give away free trades too often.
The Dove - Forex Trainer
  • #6,873
  • Dec 19, 2016 7:05pm Dec 19, 2016 7:05pm
Quoting dove_alliance
OK - since I got my trade for today here it is: Date: 12/19/16 through 12/20/16 Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing Down Last EMA Alert Arrow Down Last DB Attachment 124.084 Fibo up or down - Down Notes: The previous Daily had hit the Parabolic at 23.6 Fibo and the new open bar is just below the Parabolic support. The white had touched Purple but has not eliminate the Parabolic until the next Daily Candle. 2 HR: OPEN PRICE 121.739 ROMAR - Resistance EMA Resistance with the 4 Horsemen PSAR - Resistance...
Very nice Dove. I missed my 20 by one pip. Gonna see if it will come back now. Nice trade sir.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,874
  • Dec 19, 2016 7:11pm Dec 19, 2016 7:11pm
And there is my 20 pips. Pays to listen. God bless you sir!!
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,875
  • Dec 19, 2016 8:28pm Dec 19, 2016 8:28pm
Quoting dove_alliance
{quote} Take advantage of it because I do not give away free trades too often.
Your foresight never ceases to amaze me, but the H2 purple was still down at the time and did not even touch white. How did you know to long? H1 was in a slider but H2 was still down

Also on the daily, I see the MACD arrow came and then the red arrow after that. That's a conflict correct?
  • #6,876
  • Dec 19, 2016 8:41pm Dec 19, 2016 8:41pm
Quoting Paradox7
{quote} Your foresight never ceases to amaze me, but the H2 purple was still down at the time and did not even touch white. How did you know to long? H1 was in a slider but H2 was still down Also on the daily, I see the MACD arrow came and then the red arrow after that. That's a conflict correct?
OK Haris - The question is what are ALL the indicators in regards for support and resistance? The answer is BOTH. If you had read my trading plan you would noticed I was waiting for the H2 open candle ABOVE purple. Which means Purple became support in a slider. My target was the H1 EMA. If the H2 did not get above Purple then I had no trade. So my trade was from the Purple H2 support to the H1 EMA resistance. You always trade from support to resistance and resistance to support.
The Dove - Forex Trainer
  • #6,877
  • Dec 19, 2016 8:43pm Dec 19, 2016 8:43pm
Quoting Paradox7
{quote} Your foresight never ceases to amaze me, but the H2 purple was still down at the time and did not even touch white. How did you know to long? H1 was in a slider but H2 was still down Also on the daily, I see the MACD arrow came and then the red arrow after that. That's a conflict correct?
Always plan your trades.

Well done once again Dana. May everyone be blessed by this in the name of Jesus.

in Him.
  • #6,878
  • Dec 19, 2016 8:45pm Dec 19, 2016 8:45pm
Quoting Paradox7
{quote} Your foresight never ceases to amaze me, but the H2 purple was still down at the time and did not even touch white. How did you know to long? H1 was in a slider but H2 was still down Also on the daily, I see the MACD arrow came and then the red arrow after that. That's a conflict correct?
Now - what is the rule that applies for the EMA arrows and the MACD arrows????? If you don't have the answer then go searching for it.
The Dove - Forex Trainer
  • #6,879
  • Dec 19, 2016 8:50pm Dec 19, 2016 8:50pm
Quoting dove_alliance
{quote} Now - what is the rule that applies for the EMA arrows and the MACD arrows????? If you don't have the answer then go searching for it.
The EMA arrow has to come before the MACD arrow, if the MACD is on the same bar or before then there will be a major retrace in the future
  • #6,880
  • Dec 19, 2016 8:57pm Dec 19, 2016 8:57pm
Quoting Paradox7
{quote} The EMA arrow has to come before the MACD arrow, if the MACD is on the same bar or before then there will be a major retrace in the future
Very good Haris - you got the right answer which means no conflict.
The Dove - Forex Trainer
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