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The Paradox System

  • #7,701
  • Jan 27, 2017 12:27pm Jan 27, 2017 12:27pm
Last night I made a 40/40 trade, going long based on my trading plan I posted.

The white arrow was my position, on the new 2H swing shooting up. - Winning trade

Although it was a winning trade, would you have considered it a good trade? Let me know.
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When you work hard in silence, people don't know what to attack.
  • #7,702
  • Jan 27, 2017 12:48pm Jan 27, 2017 12:48pm
Quoting crupent
Last night I made a 40/40 trade, going long based on my trading plan I posted. The white arrow was my position, on the new 2H swing shooting up. - Winning trade Although it was a winning trade, would you have considered it a good trade? Let me know. {image} {image}
Crupent - let me re-illiterate this one more time. You posted your plan; but did not post showing your entry with the H2 chart. We need to see the actual entry. You had your plan going both ways. Your statement above does not match your plan. So no comment.
The Dove - Forex Trainer
  • #7,703
  • Jan 27, 2017 1:07pm Jan 27, 2017 1:07pm
Quoting dove_alliance
{quote} Crupent - let me re-illiterate this one more time. You posted your plan; but did not post showing your entry with the H2 chart. We need to see the actual entry. You had your plan going both ways. Your statement above does not match your plan. So no comment.
Sorry Dove, I thought I posted my new trading plan. I guess it didn't send and maybe had an internet connection problem I went back to check and it wasn't posted. I'll make sure to double check next time.

I apologise.
When you work hard in silence, people don't know what to attack.
  • #7,704
  • Jan 29, 2017 4:27am Jan 29, 2017 4:27am
Quoting dove_alliance
The question you must ask yourself - is what objective will end the trend??????
I'm expecting consolidation resulting in the white purple cross on the daily, to indicate the end of the up trend.
  • #7,705
  • Jan 29, 2017 6:12pm Jan 29, 2017 6:12pm
Date:Jan 29/2017
Session: Asian
News: 17:50 gmt-6 retail sales medium impact

Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment:123.299 top
Last Sar Attachment:123.299 top
Fibo up or down: up
Notes: Uptrend, broke through 61.8 close to contour line. Magenta attached with db. Top bollinger band getting closer.

2 HR:
OPEN PRICE - 122.982
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: 123.299 top
Last Sar Attachment: 122.992 bottom
Fibo up or down: Down
Notes: Market in an uptrend retracement close to the 23.6 and ema with sar attached. Purple cross white.

1 HR:
ROMAR - support
EMA - support
PSAR - support
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: up
Last DB Attachment:top 123.299 top
Last Sar Attachment: bottom 123.299 top
Fibo up or down: down
Notes: Market in beginning of consolidation swing. macd arrow down but ema arrow still not come in.

Final Notes for all three charts: Market in an uptrend retracement. H1 and H2 fibs red with Daily green.Looking to buy from support.
Entry: Will enter long with a retracement to 61.8 on Daily which is very close to parabolic with Sar attached on H2. Macd is in before ema arrow as well on H2 and fib 38.2 on H1 with divergence attached. Entered long at 122.851

Consolidation:
Long:122.851 40/40
Short:
Notes for readjustments:with the new daily the 61.8 fib moved lower.
Trade Result:
Notes for Evaluation:
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Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,706
  • Jan 30, 2017 12:03am Jan 30, 2017 12:03am
Here's my trading plan with my entry. Please don't bite if I didn't apply DB/SAR correctly, haha! (I think I did, well.. hopefully)

Will post end results when trade is closed.

God bless. Hope you all had a great weekend.
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When you work hard in silence, people don't know what to attack.
  • #7,707
  • Jan 30, 2017 1:05am Jan 30, 2017 1:05am
Final Notes for all three charts: Market in an uptrend retracement. H1 and H2 fibs red with Daily green.Looking to buy from support.
Entry: Will enter long with a retracement to 61.8 on Daily which is very close to parabolic with Sar attached on H2. Macd is in before ema arrow as well on H2 and fib 38.2 on H1 with divergence attached. Entered long at 122.851

Consolidation:
Long:122.851 40/40
Short:
Notes for readjustments:with the new daily the 61.8 fib moved lower.
Trade Result: +2 pips
Reason for close: Closed just prior to index releases. Not sure how they affect market plus other news going off all night and it's time to call it a night
Notes for Evaluation: Ema was too close to Parabolic for the flip. H1 parabolic was flipping and took the H2 along with it and they both flipped. Bad trade not in the moment.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,708
  • Jan 30, 2017 2:37am Jan 30, 2017 2:37am
Tradingplan for 30JAN2017
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  • #7,709
  • Jan 30, 2017 5:01am Jan 30, 2017 5:01am
Quoting dove_alliance
TOTAL OBJECTIVE with your plan is the TREND; and nothing else. This also includes the Parabolic Trend. If you are looking to counter-trade the Parabolic; then all I got to say is: good luck. In other words - your total objective is being focus on the trend. The trend is ROMAR, EMA, and the PARABOLIC. Once you have the trend set on both the H2 and Daily - then the H1 will be your confirmation for entry into the trend. Your trading plans should only be referencing the trend and nothing else. Even in consolidation - there is a trend. Trying to look...
I'm slightly confused that others are not considering a short when the H2 and H1 Psar and EMA trend is down and heading to the H2 ROMAR and the Daily Purple. My interpretation of what Dove has said here is don't go against the trend. The trend is ROMAR, EMA, and the PARABOLIC and although the Romar/EMA trend is the same on all charts for the up, the 4 Hoursemen are down on H2 and H1 and these charts have confluence. I would be grateful of anyone would come back and comment?

Attached Image (click to enlarge)
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  • #7,710
  • Jan 30, 2017 5:04am Jan 30, 2017 5:04am
Quoting Clip75
Final Notes for all three charts: Market in an uptrend retracement. H1 and H2 fibs red with Daily green.Looking to buy from support. Entry: Will enter long with a retracement to 61.8 on Daily which is very close to parabolic with Sar attached on H2. Macd is in before ema arrow as well on H2 and fib 38.2 on H1 with divergence attached. Entered long at 122.851 Consolidation: Long:122.851 40/40 Short: Notes for readjustments:with the new daily the 61.8 fib moved lower. Trade Result: +2 pips Reason for close: Closed just prior to index releases. Not...
Hey Chris, was waiting till your trade was finished to comment. You forgot about the daily divergence with the lime green attached. That's a good indication for a retrace or reversal. Also both the H1 and H2 had a magenta price box attachment at the top of the Fibo. That also indicates a retracement or reversal as well
  • #7,711
  • Jan 30, 2017 5:40am Jan 30, 2017 5:40am
Long at 122.510. Reason: Touch of Purple (Day) and 50% (H2).
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  • #7,712
  • Jan 30, 2017 6:33am Jan 30, 2017 6:33am
SL - this was the wrong setup. Maybe I should have waited for the Parabolic Flip. . . .
  • #7,713
  • Jan 30, 2017 6:41am Jan 30, 2017 6:41am
Quoting Cili
SL - this was the wrong setup. Maybe I should have waited for the Parabolic Flip. . . .
The problem is that the DB can move from candle to candle lower until the support of the daily PSAR at 121.531. Without White purple cross on H2, this down trend has not finished.
  • #7,714
  • Jan 30, 2017 7:19am Jan 30, 2017 7:19am
Quoting shinny
{quote} Hello Now you have posted your trade result, lets discuss your "trade". You went against your plan for some reason. In your plan you mention that the trend is up, we are not in consolidation, so why oh why are you going short? What is the first rule of the Paradox? NEVER COUNTER TRADE A TREND. What is each chart saying to you? Long. So you never go short unless you get consolidation. The market only touched the BB's - but in trend it can easily step up the BB's and go on forever. In many respects it would have been better for you to lose...
Dear Shaun,

now we have a similar situation but the BB was hit at the bottom (and not at the top). Is this now the right entry back into trend to go long?
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  • #7,715
  • Jan 30, 2017 7:29am Jan 30, 2017 7:29am
Quoting Cili
{quote} Dear Shaun, now we have a similar situation but the BB was hit at the bottom (and not at the top). Is this now the right entry back into trend to go long? {image}
Also confluence with the PSAR hit on the daily. Also the H2 Fibo will flip on the next candle for the up and H1 and H2 will be in agreement with the fibo on Daily.
  • #7,716
  • Jan 30, 2017 8:10am Jan 30, 2017 8:10am
Quoting Clip75
Final Notes for all three charts: Market in an uptrend retracement. H1 and H2 fibs red with Daily green.Looking to buy from support. Entry: Will enter long with a retracement to 61.8 on Daily which is very close to parabolic with Sar attached on H2. Macd is in before ema arrow as well on H2 and fib 38.2 on H1 with divergence attached. Entered long at 122.851 Consolidation: Long:122.851 40/40 Short: Notes for readjustments:with the new daily the 61.8 fib moved lower. Trade Result: +2 pips Reason for close: Closed just prior to index releases. Not...
Well Chris - I read your post over the week-end before you deleted it, about what objective ends a trend. And again it was something from the twilight zone. So I guess that is why you deleted it. Your trade was totally wrong because you had the H1 EMA and the 4 Horsemen in the downtrend with your entry. The H2 had the Smooth crossed Purple which placed Smooth as resistance. But the biggest objective was the DAILY being out of balance with the open candle. Balance is always a priority. You closing your trade at B/E is also breaking the rules. So in general you had a losing trade because you was not trading in the moment; but only what you thought was happening and not what the Paradox was saying.
The Dove - Forex Trainer
  • #7,717
  • Jan 30, 2017 8:12am Jan 30, 2017 8:12am
Quoting nigpig
{quote} I'm slightly confused that others are not considering a short when the H2 and H1 Psar and EMA trend is down and heading to the H2 ROMAR and the Daily Purple. My interpretation of what Dove has said here is don't go against the trend. The trend is ROMAR, EMA, and the PARABOLIC and although the Romar/EMA trend is the same on all charts for the up, the 4 Hoursemen are down on H2 and H1 and these charts have confluence. I would be grateful of anyone would come back and comment? eurjpypro-h2-gain-capital-uk-3.png;2162575 {image}
Nigpig you need to go back and study because your comment on EMA is wrong.
The Dove - Forex Trainer
  • #7,718
  • Jan 30, 2017 8:15am Jan 30, 2017 8:15am
Quoting Cili
SL - this was the wrong setup. Maybe I should have waited for the Parabolic Flip. . . .
What you should had done was trade the trend and not counter-trade.
The Dove - Forex Trainer
  • #7,719
  • Jan 30, 2017 8:22am Jan 30, 2017 8:22am
What I am trying to figure out is why everyone is misinterpreting EMA as being support or resistance with ROMAR?
The Dove - Forex Trainer
  • #7,720
  • Jan 30, 2017 8:24am Jan 30, 2017 8:24am
Quoting dove_alliance
{quote} Well Chris - I read your post over the week-end before you deleted it, about what objective ends a trend. And again it was something from the twilight zone. So I guess that is why you deleted it. Your trade was totally wrong because you had the H1 EMA and the 4 Horsemen in the downtrend with your entry. The H2 had the Smooth crossed Purple which placed Smooth as resistance. But the biggest objective was the DAILY being out of balance with the open candle. Balance is always a priority. You closing your trade at B/E is also breaking the rules....
Thanks, appreciate the feedback. Just one question. Don't we close our trades before news releases? What effect do these index releases usually on eurjpy? Wasn't sure on this one.
Behind the curtain's mystic fold The glowing future lies unrolled!!
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