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The Paradox System

  • #7,801
  • Feb 1, 2017 11:38am Feb 1, 2017 11:38am
Quoting crupent
{quote} I think it was a very good trade because I confirmed everything with confluence, and the main indicator used to enter this trade was because the gold divergence hit with both DB/SAR on the 0 fib line, and then i waited for the parabolic flip and entered when the ema line was below purple as confirmation that the EMA trend was going up.
What I want you to do is go back to your entry and study the bar and tell me why your trade was at risk with entry. This was not a winning trade but a risk trade in which you got lucky.
The Dove - Forex Trainer
  • #7,802
  • Feb 1, 2017 11:41am Feb 1, 2017 11:41am
Quoting dove_alliance
{quote} What I want you to do is go back to your entry and study the bar and tell me why your trade was at risk with entry. This was not a winning trade but a risk trade in which you got lucky.
Is it because the 4 horsemen were not in sync on the 1H with that bar?
When you work hard in silence, people don't know what to attack.
  • #7,803
  • Feb 1, 2017 11:48am Feb 1, 2017 11:48am
Quoting crupent
{quote} Is it because the 4 horsemen were not in sync on the 1H with that bar?
What made it a risk is not applying the rules. So try again.
The Dove - Forex Trainer
  • #7,804
  • Feb 1, 2017 11:54am Feb 1, 2017 11:54am
Quoting dove_alliance
{quote} What made it a risk is not applying the rules. So try again.
Is it because of the bounces off ROMAR and not breaking through that? Because it needed a 1H close candle to break resistance.
When you work hard in silence, people don't know what to attack.
  • #7,805
  • Feb 1, 2017 12:05pm Feb 1, 2017 12:05pm
Quoting dove_alliance
{quote} What made it a risk is not applying the rules. So try again.
I shouldn't have traded against the ROMAR resistance unless there was a 40 pip space.
When you work hard in silence, people don't know what to attack.
  • #7,806
  • Feb 1, 2017 12:09pm Feb 1, 2017 12:09pm
Quoting crupent
{quote} Is it because of the bounces off ROMAR and not breaking through that? Because it needed a 1H close candle to break resistance.
No Crupent - everything is on the H2 chart only. Your entry on the H2 showed the risk. So lets begin with NO trend. You had ROMAR as resistance and the Parabolic as support which places the H2 in consolidation. Your entry had placed your TP above ROMAR and your SL above the Parabolic. Your entry also had place it below Purple resistance. With this entry you had the possibility of a ROMAR slider and take your trade to the SL. You took your trade at risk because of ROMAR resistance. If you had been patient and waited for an entry at support which is with 23.6 fibo your TP would had been below ROMAR resistance. Your trade had taken you into London opening and you got lucky.
The Dove - Forex Trainer
  • #7,807
  • Feb 1, 2017 12:15pm Feb 1, 2017 12:15pm
Quoting dove_alliance
{quote} No Crupent - everything is on the H2 chart only. Your entry on the H2 showed the risk. So lets begin with NO trend. You had ROMAR as resistance and the Parabolic as support which places the H2 in consolidation. Your entry had placed your TP above ROMAR and your SL above the Parabolic. Your entry also had place it below Purple resistance. With this entry you had the possibility of a ROMAR slider and take your trade to the SL. You took your trade at risk because of ROMAR resistance. If you had been patient and waited for an entry at support...
Thank you Dove. I can't believe I forgot that important detail.

Sometimes there's so much to remember that it takes me a while to piece everything together. I just need to be more attentive and patient with my entry so my SL doesn't get hit.

I hope everyone learned from this trade.
When you work hard in silence, people don't know what to attack.
  • #7,808
  • Feb 1, 2017 12:26pm Feb 1, 2017 12:26pm
Quoting crupent
{quote} Thank you Dove. I can't believe I forgot that important detail. Sometimes there's so much to remember that it takes me a while to piece everything together. I just need to be more attentive and patient with my entry so my SL doesn't get hit. I hope everyone learned from this trade.
I know what you are saying. And in time you will put it all together. But for now you need to focus on the risk and not the winner. Just like the other day - with your trade off Smooth; i know you did not realize it but the reason for it to be a winner is because you had 40+ to Purple. If you had 30 to Purple you would had lost that trade. You had opened this trade right smack below purple and it shot down to the 23.6 Fibo. Believe in these indicators and give them respect because they are powerful and will react exactly with their power.
The Dove - Forex Trainer
  • #7,809
  • Feb 1, 2017 12:32pm Feb 1, 2017 12:32pm
Trading plan and entry. Will post results when trade is completed.
Attached Image(s) (click to enlarge)
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When you work hard in silence, people don't know what to attack.
  • #7,810
  • Feb 1, 2017 12:34pm Feb 1, 2017 12:34pm
Quoting dove_alliance
{quote} I know what you are saying. And in time you will put it all together. But for now you need to focus on the risk and not the winner. Just like the other day - with your trade off Smooth; i know you did not realize it but the reason for it to be a winner is because you had 40+ to Purple. If you had 30 to Purple you would had lost that trade. You had opened this trade right smack below purple and it shot down to the 23.6 Fibo. Believe in these indicators and give them respect because they are powerful and will react exactly with their power....
Thank you for being patient with me.

For the longest time when I was a lurker on this forum, so many people would have posted a trading plan or waited for someone else to post a trading plan, and then the trade was never taken or the plan was never used, or if a trade was taken, the end result was never shown, and then we never got an explanation as to why it was a good or a bad trade. So I'm trying to piece all the knowledge together and post trading plans with entry's and completed trades because we learn something from each one and everyone can benefit off the explanations.
When you work hard in silence, people don't know what to attack.
  • #7,811
  • Feb 1, 2017 12:39pm Feb 1, 2017 12:39pm
Quoting crupent
Trading plan and entry. Will post results when trade is completed. {image} {image}
After talking about risk why are you in a trade with the FOMC Statement in about 20 minutes?
The Dove - Forex Trainer
  • #7,812
  • Feb 1, 2017 12:41pm Feb 1, 2017 12:41pm
Quoting dove_alliance
{quote} After talking about risk why are you in a trade with the FOMC Statement in about 20 minutes?
Oh no!!! I forgot to check!! I'm sorry
When you work hard in silence, people don't know what to attack.
  • #7,813
  • Feb 1, 2017 1:13pm Feb 1, 2017 1:13pm
Quoting shinny
Hi Guys I haven't been around much this week as had to make the difficult decision to put our 17 year old dog to sleep. A very sad decision as he's been a wonderful companion to us all. Regards Shaun
The Best Wishes Mate... a Pet Dog always is going to be a Life Angel.
  • #7,814
  • Feb 1, 2017 1:19pm Feb 1, 2017 1:19pm
Quoting shinny
Hi Guys I haven't been around much this week as had to make the difficult decision to put our 17 year old dog to sleep. A very sad decision as he's been a wonderful companion to us all. Regards Shaun
I am very sorry to hear that as well.
  • #7,815
  • Feb 1, 2017 2:44pm Feb 1, 2017 2:44pm
Quoting dove_alliance
{quote} I know what you are saying. And in time you will put it all together. But for now you need to focus on the risk and not the winner. Just like the other day - with your trade off Smooth; i know you did not realize it but the reason for it to be a winner is because you had 40+ to Purple. If you had 30 to Purple you would had lost that trade. You had opened this trade right smack below purple and it shot down to the 23.6 Fibo. Believe in these indicators and give them respect because they are powerful and will react exactly with their power....
I have been reading this over and over again Dove and I just want to clarify if I'm interpreting this correctly.

By 40+ to purple, do you mean the entry has to be 40+ pips away from the purple (the purple projected on that candle) on the 2H for any trade?
When you work hard in silence, people don't know what to attack.
  • #7,816
  • Feb 1, 2017 3:04pm Feb 1, 2017 3:04pm
Quoting crupent
{quote} I have been reading this over and over again Dove and I just want to clarify if I'm interpreting this correctly. By 40+ to purple, do you mean the entry has to be 40+ pips away from the purple (the purple projected on that candle) on the 2H for any trade?
Let me clarify something: Trading is not about trying to manipulate the market because the market will always manipulate you. Trading is about management in regarding to risk. When you start to disregard the rules of trading; you then place the risk of your trading in jeopardy. It is very apparent you are not up to par with the rules of trading. Just like jumping in on top of a very major economic release; especially in consolidation. My suggestion is to take a break and begin studding the rules of trading, until you know then by heart, instead of taking the wrong path.
The Dove - Forex Trainer
  • #7,817
  • Feb 1, 2017 3:06pm Feb 1, 2017 3:06pm
Quoting dove_alliance
{quote} Let me clarify something: Trading is not about trying to manipulate the market because the market will always manipulate you. Trading is about management in regarding to risk. When you start to disregard the rules of trading; you then place the risk of your trading in jeopardy. It is very apparent you are not up to par with the rules of trading. Just like jumping in on top of a very major economic release; especially in consolidation. My suggestion is to take a break and begin studding the rules of trading, until you know then by heart,...
I will. Thank you.
When you work hard in silence, people don't know what to attack.
  • #7,818
  • Feb 1, 2017 3:24pm Feb 1, 2017 3:24pm
This is the graph of results from September 16 2016 to today.
It represents trades I have taken exclusively on the daily chart.
My reules are as follows;
On a daily chart I wait until Purple crosses White
Then I wait for Fib to flip to the color I want
Then I need both MACD arrow and red/green arrow that I want
Then enter trade in desired direction accounting for proximity of Romar (if it is in the way then I will wait for a cross)
I close usually around 68.1 fib or Romar or down near 100 fib (up to discretion)
Stop goes above/below 0 fib. POsition size is .50
Attached Image (click to enlarge)
Click to Enlarge Name: paradox daily.jpg Size: 79 KB
  • #7,819
  • Feb 1, 2017 4:43pm Feb 1, 2017 4:43pm
Quoting cfudge
This is the graph of results from September 16 2016 to today. It represents trades I have taken exclusively on the daily chart. My reules are as follows; On a daily chart I wait until Purple crosses White Then I wait for Fib to flip to the color I want Then I need both MACD arrow and red/green arrow that I want Then enter trade in desired direction accounting for proximity of Romar (if it is in the way then I will wait for a cross) I close usually around 68.1 fib or Romar or down near 100 fib (up to discretion) Stop goes above/below 0 fib. POsition...
This is position trading and there has been some guidance by Dana, but off the Fibo flip on H2 with psar confirmation. Have you tried this on H2 chart or just daily?
  • #7,820
  • Feb 1, 2017 5:18pm Feb 1, 2017 5:18pm
2/1/2017
Session Sydney : EUR/JPY
Daily Open: Below EMA
Romar: Support
EMA: Support
Parabolic: Eliminated
Notes: Purple crossing White down. Trend EMA arrow down. Fibo up. Market hovering around 38.2. Overall trend is up.

H1
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down. Fibo down.

H2
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Purple crossed White, Smooth, EMA, and Romar down. Fibo up. Recent SAR it 121.722. Trend EMA arrow down. MACD zero cross down.


FINAL NOTES: H1 and H2 in with down trend. Will go short off resistance.

Buy:

Sell: Will enter short off retrace to EMA.

Adjustments: Entered short off retrace to Purple, about 7 pips from desired entry. Set TP +40 SL 40.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 395 KB
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