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The Paradox System

  • #7,721
  • Jan 30, 2017 8:31am Jan 30, 2017 8:31am
Quoting dove_alliance
{quote} What you should had done was trade the trend and not counter-trade.
Dear Dove, ROMAR was below EMA on all three charts what I interpreted as trend long. I thought my trade was back into trend . . .
  • #7,722
  • Jan 30, 2017 8:39am Jan 30, 2017 8:39am
Quoting dove_alliance
What I am trying to figure out is why everyone is misinterpreting EMA as being support or resistance with ROMAR?
Purple has crossed EMA in H2 and H1 => EMA is resistance.
  • #7,723
  • Jan 30, 2017 8:39am Jan 30, 2017 8:39am
Quoting Clip75
{quote} 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.
You closed your trade at B/E which was an hour or more before the ECONOMIC RELEASES. The rules is 5 minutes before the releases. You had a losing trade - you knew it -- and close at B/E. The Rule says 40/40; you let the trade run to either 40 win or 40 lose. You can't learn if you break the rules. Now can you?
The Dove - Forex Trainer
  • #7,724
  • Jan 30, 2017 8:40am Jan 30, 2017 8:40am
Quoting Cili
{quote} Purple has crossed EMA in H2 and H1 => EMA is resistance.
That is correct - EMA is resistance and not support.
The Dove - Forex Trainer
  • #7,725
  • Jan 30, 2017 8:57am Jan 30, 2017 8:57am
Quoting dove_alliance
{quote} You closed your trade at B/E which was an hour or more before the ECONOMIC RELEASES. The rules is 5 minutes before the releases. You had a losing trade - you knew it -- and close at B/E. The Rule says 40/40; you let the trade run to either 40 win or 40 lose. You can't learn if you break the rules. Now can you?
If you are referring to the Spanish GDP then I was an hour and half before. I was referring to the index releases that were medium impact. Wasn't sure how these affect the market. I don't think they are on every economic calendar. Can you shed some light on this? This is the only reason that I closed my trade.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,726
  • Jan 30, 2017 9:13am Jan 30, 2017 9:13am
Quoting Clip75
{quote} If you are referring to the Spanish GDP then I was an hour and half before. I was referring to the index releases that were medium impact. Wasn't sure how these affect the market. I don't think they are on every economic calendar. Can you shed some light on this? This is the only reason that I closed my trade.
Have you ever heard of me saying anything about index releases with the economic releases? No you haven't. And that is the answer. Your're looking for short-cuts and that is not going to work.
The Dove - Forex Trainer
  • #7,727
  • Jan 30, 2017 9:24am Jan 30, 2017 9:24am
Quoting dove_alliance
{quote} Have you ever heard of me saying anything about index releases with the economic releases? No you haven't. And that is the answer. Your're looking for short-cuts and that is not going to work.
Ok, so I will know to not pay any attention to these index releases. Did they catch anyone else's attention?
Attached Image (click to enlarge)
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Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,728
  • Jan 30, 2017 9:28am Jan 30, 2017 9:28am
Quoting Clip75
{quote} Ok, so I will know to not pay any attention to these index releases. Did they catch anyone else's attention? {image}
No, just use the ones on the front page of Forex Factory. There are significant news releases tonight on the JPY in case anyone missed it.
Life is too short to have anything but delusional notions about yourself.
  • #7,729
  • Jan 30, 2017 9:46am Jan 30, 2017 9:46am
Quoting Clip75
{quote} Ok, so I will know to not pay any attention to these index releases. Did they catch anyone else's attention? {image}
Chris - let me put this very clearly with you. If you had a winning trade we would not be going through this BS. You had a losing trade and that is your focus on the reason why you had a losing trade instead of finding excuses for closing your losing trade. You broke the rules of trading for your entry and also for closing your trade. That is the bottom line. So end this now and start studying your losing trade and find the reasons why you pulled the trigger on a losing trade instead of following the rules. If you can't owned up to your mistakes then you will have many problems in learning; or even becoming a trader. That is the best advice I can give you. When it comes to the Economic Releases your focus is on the EUR, USD, and JPY. The rest have no bearing on the E/J.
The Dove - Forex Trainer
  • #7,730
  • Jan 30, 2017 10:17am Jan 30, 2017 10:17am
Quoting dove_alliance
{quote} Chris - let me put this very clearly with you. If you had a winning trade we would not be going through this BS. You had a losing trade and that is your focus on the reason why you had a losing trade instead of finding excuses for closing your losing trade. You broke the rules of trading for your entry and also for closing your trade. That is the bottom line. So end this now and start studying your losing trade and find the reasons why you pulled the trigger on a losing trade instead of following the rules. If you can't owned up to your...
Sir, yes sir! No excuse, sir!
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,731
  • Edited 12:48pm Jan 30, 2017 12:38pm | Edited 12:48pm
Quoting crupent
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. {image} {image}
Here's my trade closing. It was a losing trade.

I definitely shouldn't have entered long with the 4 horsemen down, with divergence at the 0 fib level. But I thought since DB didn't show pointing down (wasn't behind SAR), that it would go long because all EMA/ROMAR on 1h, 2h, and Daily were showing to go long (EMA crossed above ROMAR).

Let's talk about this trade. Please don't bite too hard. I've studied everything with great knowledge, except the DB/SAR is still iffy to me. So we can learn from this trade. We always learn from failures.
Attached Image (click to enlarge)
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When you work hard in silence, people don't know what to attack.
  • #7,732
  • Jan 30, 2017 2:06pm Jan 30, 2017 2:06pm
Quoting crupent
{quote} Here's my trade closing. It was a losing trade. I definitely shouldn't have entered long with the 4 horsemen down, with divergence at the 0 fib level. But I thought since DB didn't show pointing down (wasn't behind SAR), that it would go long because all EMA/ROMAR on 1h, 2h, and Daily were showing to go long (EMA crossed above ROMAR). Let's talk about this trade. Please don't bite too hard. I've studied everything with great knowledge, except the DB/SAR is still iffy to me. So we can learn from this trade. We always learn from failures....
Your trade was totally a counter-trade against the 4 horsemen with EMA on both the H1 and H2 as resistance. ROMAR crossing EMA changes the ROMAR Trend. EMA crossing Purple changes the EMA Trend. And that has been stated many times throughout the tutorials. That is how you get your sliders; with EMA sliding below Purple for a continuance of an up trend; or EMA sliding above Purple for a a continuance of a downtrend. When EMA crosses Purple it changes the Trend. But most importantly - the Parabolic's on both the H1 and H2 were in the downtrend before the H2 EMA crossing. So your focus was out of whack on the Parabolic's when you made your entry.
The Dove - Forex Trainer
  • #7,733
  • Jan 30, 2017 2:13pm Jan 30, 2017 2:13pm
Quoting dove_alliance
{quote} Your trade was totally a counter-trade against the 4 horsemen with EMA on both the H1 and H2 as resistance. ROMAR crossing EMA changes the ROMAR Trend. EMA crossing Purple changes the EMA Trend. And that has been stated many times throughout the tutorials. That is how you get your sliders; with EMA sliding below Purple for a continuance of an up trend; or EMA sliding above Purple for a a continuance of a downtrend. When EMA crosses Purple it changes the Trend. But most importantly - the Parabolic's on both the H1 and H2 were in the downtrend...
Thank you Dove. I will definitely read this over and over again until it fully clicks.

I guess the main lesson I learned is to never enter a trade solely based on DB/SAR. It won't work if the 4 horsemen aren't lined up.
When you work hard in silence, people don't know what to attack.
  • #7,734
  • Jan 30, 2017 2:14pm Jan 30, 2017 2:14pm
Here's my trading plan. No entry yet.
Attached Image(s) (click to enlarge)
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When you work hard in silence, people don't know what to attack.
  • #7,735
  • Jan 30, 2017 2:38pm Jan 30, 2017 2:38pm
Quoting crupent
{quote} Thank you Dove. I will definitely read this over and over again until it fully clicks. I guess the main lesson I learned is to never enter a trade solely based on DB/SAR. It won't work if the 4 horsemen aren't lined up.
A lot of traders are making the same mistake. The DB/SAR is a tool for consolidation while ranging. That too has been stated many times. Once the market is in trend then the DB/SAR will follow the trend. You cannot be focus on one scenario and expect it to work on all scenarios. Trading in the moment is the only way to beat the market. In the moment all scenarios come into play; and takes you into the right entry. Everyone is totally rejecting the trend and missing the boat. You have to remember there is always a trend, even in consolidation. All it takes is recognizing the trend before entry.
The Dove - Forex Trainer
  • #7,736
  • Jan 30, 2017 2:48pm Jan 30, 2017 2:48pm
Quoting dove_alliance
{quote} A lot of traders are making the same mistake. The DB/SAR is a tool for consolidation while ranging. That too has been stated many times. Once the market is in trend then the DB/SAR will follow the trend. You cannot be focus on one scenario and expect it to work on all scenarios. Trading in the moment is the only way to beat the market. In the moment all scenarios come into play; and takes you into the right entry. Everyone is totally rejecting the trend and missing the boat. You have to remember there is always a trend, even in consolidation....
Thank you Dove. I'll definitely pay close attention and be more wise with trading in the moment.

I'm not sure if you would answer this question, but if you were to enter a trade today, where would you have entered Dove? I just want to see if I'm missing something/not seeing something that maybe you can help me with.

Looking back, I wouldn't have entered at all today. But I might be wrong.
When you work hard in silence, people don't know what to attack.
  • #7,737
  • Jan 30, 2017 3:24pm Jan 30, 2017 3:24pm
Quoting crupent
{quote} Thank you Dove. I'll definitely pay close attention and be more wise with trading in the moment. I'm not sure if you would answer this question, but if you were to enter a trade today, where would you have entered Dove? I just want to see if I'm missing something/not seeing something that maybe you can help me with. Looking back, I wouldn't have entered at all today. But I might be wrong.
If you look at the H1 you will notice a gap at open yesterday. The White/Smooth were both at Purple for the crossing. The Parabolic was support with EMA at the crossing for a downtrend. The H2 had White crossing and Smooth at the crossing. And a gap below EMA at the Parabolic support. The objective is closing the Gap. Waiting to see if the Gap will close is the scenario. If the Gap closes then entry on the next H1 candle in pulling the trigger.

The Reason: Priority - the Daily out of balance with Purple. So closing the Gap will place the H1 next candle with Purple/White/Smooth for the downtrend and EMA at the crossing. This will bring the H2 back below EMA and bounce off EMA until the H2 had reconnected with Purple for Balance. Once connected with the H2; then EMA will also be in trend. My entry was with the H1 18:00 ET candle. The rest is history. All because of the Gap for one; and the Balance with the Daily for another. And all I had to do was wait and see if the Gap would be filled or continue into a new trend. But know matter what the scenario was - the objective was with the Daily Purple. The trend was changing and going down, and nothing was going to stop it from changing. Bottom line - the H1 gave it up for the trend as reference and seeing what was happening in the moment.

This scenario has also been talked about when it comes to BALANCE.
The Dove - Forex Trainer
  • #7,738
  • Jan 30, 2017 3:32pm Jan 30, 2017 3:32pm
Quoting dove_alliance
{quote} If you look at the H1 you will notice a gap at open yesterday. The Whiter/Smooth were both at Purple for the crossing. The Parabolic was support with EMA at the crossing for a downtrend. The H2 had White crossing and Smooth at the crossing. And a gap below EMA at the Parabolic support. The objective is closing the Gap. Waiting to see if the Gap will close is the scenario. If the Gap closes then entry on the next H1 candle in pulling the trigger. The Reason: Priority - the Daily out of balance with Purple. So closing the Gap will place the...
But Dove, the EMA was above ROMAR for all 1H, 2H and Daily, so doesn't that tell us that we are in an uptrend and not consolidation? So why would we enter short? Shouldn't we only be looking for a long position?

Unless I'm misinterpreting how to use the EMA and ROMAR. I know it's for the longer trend. And the EMA/Purple cross is for the shorter trend. So When the EMA/Purple crossed in the 1H at the 18:00 ET candle, that basically confirmed consolidation? Which means we can trade long and short.

I hope I interpreted it correctly.
When you work hard in silence, people don't know what to attack.
  • #7,739
  • Jan 30, 2017 3:40pm Jan 30, 2017 3:40pm
Quoting crupent
{quote} But Dove, the EMA was above ROMAR for all 1H, 2H and Daily, so doesn't that tell us that we are in an uptrend and not consolidation? So why would we enter short? Shouldn't we only be looking for a long position? Unless I'm misinterpreting how to use the EMA and ROMAR. I know it's for the longer trend. And the EMA/Purple cross is for the shorter trend. So When the EMA/Purple crossed in the 1H at the 18:00 ET candle, that basically confirmed consolidation? Which means we can trade long and short. I hope I interpreted it correctly.
You need to go back and study instead of confusing yourself. Your statement is totally wrong.
The Dove - Forex Trainer
  • #7,740
  • Jan 30, 2017 3:45pm Jan 30, 2017 3:45pm
Quoting dove_alliance
{quote} You need to go back and study instead of confusing yourself. Your statement is totally wrong.
I will. I'm sorry for bothering you.
When you work hard in silence, people don't know what to attack.
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