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The Paradox System

  • #7,441
  • Jan 11, 2017 5:00am Jan 11, 2017 5:00am
Hi Shinny;
My full 3 charts.
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  • #7,442
  • Jan 11, 2017 8:08am Jan 11, 2017 8:08am
Peace to all. An observation for Dana regarding the "Paradox Spread Indicator". The spread is stated to be (as an example) "Spread 0.5 points". When trading a 5-digit broker, this spread would more accurately be "Spread 0.5 pips" or "Spread 5.0 points". Maybe I am missing something here, but I do not think so. On a 5-digit broker, 0.5 pips = 5.0 points.
  • #7,443
  • Jan 11, 2017 10:20am Jan 11, 2017 10:20am
For the traders who still have Trades Open, remember the

"
10:00amUSD President-Elect Trump Speaks

This is Central Time.. Now is Live.

But i imagine by the rules no ones have any order open.
  • #7,444
  • Jan 11, 2017 6:48pm Jan 11, 2017 6:48pm
Quoting Ryder
Peace to all. An observation for Dana regarding the "Paradox Spread Indicator". The spread is stated to be (as an example) "Spread 0.5 points". When trading a 5-digit broker, this spread would more accurately be "Spread 0.5 pips" or "Spread 5.0 points". Maybe I am missing something here, but I do not think so. On a 5-digit broker, 0.5 pips = 5.0 points.
When I checked the E/U it was 1.4 points which is correct. If still in doubt then post a chart.
The Dove - Forex Trainer
  • #7,445
  • Jan 11, 2017 6:52pm Jan 11, 2017 6:52pm
Quoting doddy
Hi Shinny; My full 3 charts. {image} {image} {image}
Your charts are now correct.
The Dove - Forex Trainer
  • #7,446
  • Jan 11, 2017 7:39pm Jan 11, 2017 7:39pm
This are my Yesterday and Today Trades. And again, i shut down everything and 45minutes before the New Day (Sydney).

In the Trade of "Yesterday", in my opinion the best entry was at Parabolic and if you miss that, when the SAR was atached for going down with the Trend and with the DB.
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  • #7,447
  • Jan 11, 2017 8:20pm Jan 11, 2017 8:20pm
Quoting dove_alliance
{quote} When I checked the E/U it was 1.4 points which is correct. If still in doubt then post a chart.
It is 1.4 pips, or 14 points. One five digit account, 1 pip = 10 points. That is my issue here. Your display should either say 1.4 pips or 14 points, to be correct.
  • #7,448
  • Jan 11, 2017 8:59pm Jan 11, 2017 8:59pm
Hope this helps and hope you can see it. I will now continue to learn in the background. Already 30 pips from entry open candle. Just be focus and unprogram all your other learning and others speaking to you.Just trust what the Paradox tell and what you see at the moments now. Don't try to see forward in the future or look back in history.
Dove is a good teacher by laying everything here. Thank you very much.
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  • #7,449
  • Jan 11, 2017 9:23pm Jan 11, 2017 9:23pm
Quoting Ryder
{quote} It is 1.4 pips, or 14 points. One five digit account, 1 pip = 10 points. That is my issue here. Your display should either say 1.4 pips or 14 points, to be correct.
All depends on how one looks at it. 1.4 points is 1 pip and 4 tenths. Or 1.4 pips. No big deal. But no-matter how you want look at it - it is correct. The spread operates in both 3 and 5 digits.
The Dove - Forex Trainer
  • #7,450
  • Jan 11, 2017 10:09pm Jan 11, 2017 10:09pm
Hit Target 52 Pips. No greed.
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  • #7,451
  • Jan 11, 2017 10:16pm Jan 11, 2017 10:16pm
Quoting doddy
Hit Target 52 Pips. No greed. {image}
Go back and read the rules -- before you can post a trade you need to post a trading plan.
The Dove - Forex Trainer
  • #7,452
  • Jan 11, 2017 11:57pm Jan 11, 2017 11:57pm
Hi Team,

Attached below is my trading plan and H2 chart for my trade today. Entry is identified with the white arrow short @ the test of EMA as resistance after the BB hit prior. Same entry as Contrax above for today.

Attached Image

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I do have to say that one lesson for me today was that my entry was too late. I was watching the opening candle after I made my trading plan and left for a meeting before I could see it get to EMA. I still entered short but in reality my entry should have been a higher up at the EMA hit with confluence with 38.2 FIBO. This was almost a full 40 pips before my entry!

I should have waited until another entry - I got my 40 pips but it was tight.

All feedback welcome.

Thanks
Nick
  • #7,453
  • Edited 3:25am Jan 12, 2017 3:13am | Edited 3:25am
After a very useful hint (thanks shinny) I've moved my system to forex.com. After the restart of the system at 5 pm my charts look like this. Is anybody so kind to check if everything is right now? Thanks in advance.
Compared to my former broker I have a very significant change in the H2 chart which is as follows: at my old system I got the new candle at 2 pm, 4 pm, 6 pm, 8 pm and so on (even-numbered). Now at forex.com the new candle is created at 1 pm, 3 pm, 5 pm, 7 pm and so on (odd-numbered). Is this correct or do I have to adjust something? I am GMT +1.
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  • #7,454
  • Jan 12, 2017 4:20am Jan 12, 2017 4:20am
I'm on GMT and I get the H2 on even hours. So I think yours agrees with mine you being +1. I'm on Forex.com too. Your H2 is exactly the same as mine.
  • #7,455
  • Jan 12, 2017 9:45am Jan 12, 2017 9:45am
Quoting whitford
Hi Team, Attached below is my trading plan and H2 chart for my trade today. Entry is identified with the white arrow short @ the test of EMA as resistance after the BB hit prior. Same entry as Contrax above for today. {image} {image} I do have to say that one lesson for me today was that my entry was too late. I was watching the opening candle after I made my trading plan and left for a meeting before I could see it get to EMA. I still entered short but in reality my entry should have been a higher up at the EMA hit with confluence with 38.2 FIBO....
Nick - the trade could not be any better then the entry you took. I took the same trade. It hit Smooth on the H2 with the 4 Horsemen in trend and wasn't going anywhere but down. There are times you may get 3, 5, or even 10 pip retrace on entry But with a 40 stop it will never be hit in trend. Your trade was excellent.

Traders - pay attention in what Nick is doing - he is trading in the moment and looking into the future.
The Dove - Forex Trainer
  • #7,456
  • Jan 12, 2017 10:33am Jan 12, 2017 10:33am
Quoting dove_alliance
{quote} Nick - the trade could not be any better then the entry you took. I took the same trade. It hit Smooth on the H2 with the 4 Horsemen in trend and wasn't going anywhere but down. There are times you may get 3, 5, or even 10 pip retrace on entry But with a 40 stop it will never be hit in trend. Your trade was excellent. Traders - pay attention in what Nick is doing - he is trading in the moment and looking into the future.
To make this clearer - Nick was late for His entry but he had recognized it being late and knew it; this is why it was an excellent trade. He made no excuses for being late but stayed with his trade for the 40 TP. This is what makes a good trader; recognizing the mistakes after pulling the trigger and staying with the trade because he was in trend. This means he will remember not too hesitate in the future.
The Dove - Forex Trainer
  • #7,457
  • Jan 12, 2017 10:47am Jan 12, 2017 10:47am
Quoting whitford
Hi Team, Attached below is my trading plan and H2 chart for my trade today. Entry is identified with the white arrow short @ the test of EMA as resistance after the BB hit prior. Same entry as Contrax above for today. {image} {image} I do have to say that one lesson for me today was that my entry was too late. I was watching the opening candle after I made my trading plan and left for a meeting before I could see it get to EMA. I still entered short but in reality my entry should have been a higher up at the EMA hit with confluence with 38.2 FIBO....
Hi Nick

Nice trade! Even with your late entry you had 60 pips to the last low and divergence, and the market was always going to go past that with the 4 Horsemen as they were. Purple didn't budge on the pullback to EMA - always a sure sign of a ton of momentum with the trend. Obviously, after the lower BB hit, the market is retracing to the EMA, plus you had the divergence, and retraces always happen after divergence. You had a ton of confluence.

Rinse and Repeat my friend
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,458
  • Jan 12, 2017 2:25pm Jan 12, 2017 2:25pm
Quoting dove_alliance
{quote} To make this clearer - Nick was late for His entry but he had recognized it being late and knew it; this is why it was an excellent trade. He made no excuses for being late but stayed with his trade for the 40 TP. This is what makes a good trader; recognizing the mistakes after pulling the trigger and staying with the trade because he was in trend. This means he will remember not too hesitate in the future.
I for one just want to extend my appreciation for you still making time for us in the new year. We know your busy and squeezing in a comment here and there shows your commitment to helping us learn even after you've provided us with all that we need already.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,459
  • Jan 12, 2017 4:23pm Jan 12, 2017 4:23pm
Quoting dove_alliance
{quote} To make this clearer - Nick was late for His entry but he had recognized it being late and knew it; this is why it was an excellent trade. He made no excuses for being late but stayed with his trade for the 40 TP. This is what makes a good trader; recognizing the mistakes after pulling the trigger and staying with the trade because he was in trend. This means he will remember not too hesitate in the future.
Hi Dana - thank you for your feedback much appreciated. Starting to see the real power of the paradox in looking forward! Still much to learn so will keep studying and posting. Thanks Nick
  • #7,460
  • Jan 12, 2017 4:30pm Jan 12, 2017 4:30pm
Quoting shinny
{quote} Hi Nick Nice trade! Even with your late entry you had 60 pips to the last low and divergence, and the market was always going to go past that with the 4 Horsemen as they were. Purple didn't budge on the pullback to EMA - always a sure sign of a ton of momentum with the trend. Obviously, after the lower BB hit, the market is retracing to the EMA, plus you had the divergence, and retraces always happen after divergence. You had a ton of confluence. Rinse and Repeat my friend
Haha thanks Shaun - definitely rinse and repeat! You're 100% right though at the time I had thought it was very tight from my late entry but when I got to the computer this morning I could see there was plenty more room in the trade after my 40 tp. Like Dana said above I'll not hesitate on this type of trade in the future.

It's a great feeling getting use to the ebb and flow that the paradox provides so long as I can learn and practice going with it

Thanks for your feedback and support. Plenty more to learn looking forward to many more trades over the coming weeks.
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