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The Paradox System

  • #7,861
  • Feb 3, 2017 3:11am Feb 3, 2017 3:11am
Quoting pradel
{quote} Entry {image}
I ended the trade at this point, around 20 TP because of the 1H romar hit, and 2H Sar. I think i should have ended the trade when the first Sar attached at the parabolic, my 40 SL almost got hit afterwards. Or maybe i was just in the wrong trade?
Attached Image (click to enlarge)
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  • #7,862
  • Edited 5:28am Feb 3, 2017 4:00am | Edited 5:28am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-h2-gain-capital-uk-2.png Size: 85 KB

Date: 2/3/2017, 4:40 EST

Daily:
ROMAR Support
EMA Resistance
PSAR Resistance

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 123.299, top
Last SAR 121.003
Fibo Up

Notes: SAR got tested, didn't breakthrough. Romar Close to SAR

2 HR:
ROMAR Resistance
EMA Crossing: Support
PSAR Support

Check List:
Last MACD 0 UP
Last EMA Alert UP
Last DB Attachment 121.978,bottom
Last SAR 121.755 Top
Fibo Down

Notes: Bounce from EMA/Purple.PASR just flipped.EMA going for crossing

1 HR:
ROMAR Resistance
EMA Support
PSAR Support

Check List:
Last MACD 0 UP
Last EMA Alert Arrow Down
Last DB Attachment 121.755, top
Fibo UP

Notes: White/Purple crossing as signal of starting consolidation, for downtrend

Final Notes: Consolidation. 4 horsemen agree for uptrend in H1-2. Daily distant from Resistances. Retracement to EMA on H2.

Entry: Counter-Trade:Long on next candle if open around EMA/PURPLE H2 with PSAR UP, TP would be bit over ROMAR but below Fibo 38.2 H2. SL Would be on Daily Fibo counturn, 15pips below H2 PASR, and very close to Lower/low H1.

Considerations: Quite risky,I should maybe wait more confluence, but with BE this trade would be worth a try.
(Just for reference I'm not using BE since I'm in trial).
  • #7,863
  • Feb 3, 2017 8:50am Feb 3, 2017 8:50am
Quoting pradel
{quote} I ended the trade at this point, around 20 TP because of the 1H romar hit, and 2H Sar. I think i should have ended the trade when the first Sar attached at the parabolic, my 40 SL almost got hit afterwards. Or maybe i was just in the wrong trade? {image}
You was in consolidation with your entry Pradel, but your entry was also against the H2 downtrend. The H2 was in a full blown downtrend. The rule states very clearly you must let your trade run its full course. Either a winning trade or a losing trade. This is why you trade a demo in order to learn how to trade. Being in consolidation your trade could very well run for a day or two and very possible of getting lucky. Trading is about learning how to trade from support to resistance and resistance to support. Never from center. So bottom line you had a losing trade from the get go.
The Dove - Forex Trainer
  • #7,864
  • Feb 3, 2017 9:22am Feb 3, 2017 9:22am
Quoting dove_alliance
{quote} You was in consolidation with your entry Pradel, but your entry was also against the H2 downtrend. The H2 was in a full blown downtrend. The rule states very clearly you must let your trade run its full course. Either a winning trade or a losing trade. This is why you trade a demo in order to learn how to trade. Being in consolidation your trade could very well run for a day or two and very possible of getting lucky. Trading is about learning how to trade from support to resistance and resistance to support. Never from center. So bottom...
Thank you very much for your reply Dove, lesson learnt.
  • #7,865
  • Feb 3, 2017 9:45am Feb 3, 2017 9:45am
A word of wisdom:

When you are in consolidation you have only two options for entry. One is waiting for a breakout and the other is from either support or resistance of the consolidation. Pulling the trigger center of the consolidation; between support and resistance is not only a risk of losing your trade but also being in a trade for possibly days waiting on a breakout. And a breakout could very well go against your trade. You have to remember consolidation is 80% of trading. These means you have to recognize the consolidation for one; and then be focus on support and resistance with your trading plans. And if you are not able to recognize consolidation then stop now and go back and study about consolidations. Believe it or not - consolidations are much easier to trade then trends. And there are traders on this thread will verify that statement. All you need to do is learn.
The Dove - Forex Trainer
  • #7,866
  • Feb 3, 2017 10:38am Feb 3, 2017 10:38am
Quoting dove_alliance
A word of wisdom: When you are in consolidation you have only two options for entry. One is waiting for a breakout and the other is from either support or resistance of the consolidation. Pulling the trigger center of the consolidation; between support and resistance is not only a risk of losing your trade but also being in a trade for possibly days waiting on a breakout. And a breakout could very well go against your trade. You have to remember consolidation is 80% of trading. These means you have to recognize the consolidation for one; and then...


where i can study about consolidations ????????
  • #7,867
  • Feb 3, 2017 11:06am Feb 3, 2017 11:06am
Quoting Midox
{quote} where i can study about consolidations ????????
Well Midox - tutorials on consolidation is in this thread somewhere. You just need to look for it.
The Dove - Forex Trainer
  • #7,868
  • Feb 3, 2017 2:14pm Feb 3, 2017 2:14pm
Hello traders, I apology if my post is premature, because I still haven't read the first 200 pages and don't wanna clutter the thread with images and silly posts so I'll explain all as briefly as I can and will refer to older posts:


From post #771, I understood that EMA acts as support as long as purple is above it, and as resistance when purple is under it, no matter where the market is in that moment, am I right?

The thing is, I started being confused in post #757 about this, thinking that in H2 and H1 examples EMA should be Resistance and not support, but continued reading just in case, but then when I reached post 771 it made me more confused, so I decided to post this.

Could somebody tell me where am I wrong please? If the answer is "continue studying until reaching 200 pages and it will make sense" then I'll be thankful also and will gladly get back to work, just want to make sure I'm not sinking the wrong info in my mind.

Regards and thank you in advance to dove and everybody who's helping people.
"Know thyself."
  • #7,869
  • Feb 3, 2017 2:32pm Feb 3, 2017 2:32pm
Quoting miau1
Hello traders, I apology if my post is premature, because I still haven't read the first 200 pages and don't wanna clutter the thread with images and silly posts so I'll explain all as briefly as I can and will refer to older posts: From post #771, I understood that EMA acts as support as long as purple is above it, and as resistance when purple is under it, no matter where the market is in that moment, am I right? The thing is, I started being confused in post #757 about this, thinking that in H2 and H1 examples EMA should be Resistance and not...
There are three trends - EMA crossing Purple changes the EMA trend. ROMAR crossing EMA changes the ROMAR trend. Flip of the Parabolic changes the Parabolic trend. A little confusing but you will learn more as you read. I hope that helps you.
The Dove - Forex Trainer
  • #7,870
  • Feb 3, 2017 2:39pm Feb 3, 2017 2:39pm
Quoting miau1
Hello traders...
I was confused as well when I saw #757 but #771 is correct: EMA acts as support as long as purple is above it and vice-versa.
  • #7,871
  • Feb 3, 2017 2:52pm Feb 3, 2017 2:52pm
There are confusion when you try to relate EMA with ROMAR. Traders think if EMA is below ROMAR it is support. That is true ONLY if EMA is also support in relationship with Purple such as: EMA crossed Purple from the bottom of the cycle it is also support if ROMAR is support. BUT - if ROMAR is support and EMA crosses Purple on the upside of the cycle then EMA is resistance and the chart is in consolidation.
The Dove - Forex Trainer
  • #7,872
  • Feb 3, 2017 3:43pm Feb 3, 2017 3:43pm
Quoting dove_alliance
There are confusion when you try to relate EMA with ROMAR. Traders think if EMA is below ROMAR it is support. That is true ONLY if EMA is also support in relationship with Purple such as: EMA crossed Purple from the bottom of the cycle it is also support if ROMAR is support. BUT - if ROMAR is support and EMA crosses Purple on the upside of the cycle then EMA is resistance and the chart is in consolidation.
Then, as final clarification, in these pictures from post #757, EMA is acting as Resistance in both of them, since ROMAR is support but EMA crossed purple on the upside of the cycle and since then it remains above purple (but we can't see the cross in the pictures, it happened in previous candles I assume), is this right?
http://www.forexfactory.com/attachme...7&d=1454124832
http://www.forexfactory.com/attachme...8&d=1454124860

And really, thanks a LOT for explanations and patience, Dana and Marian.
"Know thyself."
  • #7,873
  • Feb 3, 2017 4:19pm Feb 3, 2017 4:19pm
Quoting miau1
{quote} Then, as final clarification, in these pictures from post #757, EMA is acting as Resistance in both of them, since ROMAR is support but EMA crossed purple on the upside of the cycle and since then it remains above purple (but we can't see the cross in the pictures, it happened in previous candles I assume), is this right? http://www.forexfactory.com/attachme...7&d=1454124832 http://www.forexfactory.com/attachme...8&d=1454124860 And really, thanks a LOT for explanations and...
Hint. Read about white cross purple for second image.
  • #7,874
  • Feb 3, 2017 4:30pm Feb 3, 2017 4:30pm
Quoting nigpig
{quote} Hint. Read about white cross purple for second image.
Yes, I know a few things that cross, like they "disable" the PSAR acting as S/R, they are the first sign for a thrend change and the enter/exit of a consolidation. Maybe there's more to it, but right know I was speaking exclusively about the EMA-purple cross and when EMA is considered resistance or support according to it, does it have something to do with white and purple crossing too?
"Know thyself."
  • #7,875
  • Feb 3, 2017 5:31pm Feb 3, 2017 5:31pm
OK - I will post a couple of charts explaining your concerns with EMA. If you do not get it with this posting means the Paradox is not for you.

On this first screen shot and to the left you have ROMAR as support, the Parabolic as support, and EMA as support. Then you had EMA cross Purple and EMA had become Resistance. You also had the Parabolic flipped which place the Parabolic as Resistance; leaving ROMAR as support and in consolidation.

About 18 hours later you had EMA cross Purple again and had become Support. The Parabolic has flipped and became support. This place all three trends in trend for the up. Take note that ROMAR remain as support because it did not cross EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: EMA.PNG Size: 44 KB


On this next screen shot you have to the left an uptrend with ROMAR, Parabolic, and EMA in an uptrend. You had the market turned and then EMA crossed Purple in changing from support to resistance. The market went sideways in consolidation until ROMAR crossed EMA and became RESISTANCE for a downtrend. Also note the Parabolic had become your resistance for entires. Also note how EMA held resistance for the trend by sliding over purple for each slider.

Attached Image (click to enlarge)
Click to Enlarge Name: EMA_1.PNG Size: 48 KB
The Dove - Forex Trainer
  • #7,876
  • Feb 3, 2017 7:37pm Feb 3, 2017 7:37pm
Quoting dove_alliance
A word of wisdom: When you are in consolidation you have only two options for entry. One is waiting for a breakout and the other is from either support or resistance of the consolidation. Pulling the trigger center of the consolidation; between support and resistance is not only a risk of losing your trade but also being in a trade for possibly days waiting on a breakout. And a breakout could very well go against your trade. You have to remember consolidation is 80% of trading. These means you have to recognize the consolidation for one; and then...

More Words of Wisdom please, always like to read your words. Thank you Dana and have an excellent Weekend.
  • #7,877
  • Feb 4, 2017 3:14am Feb 4, 2017 3:14am
Quoting dove_alliance
OK - I will post a couple of charts explaining your concerns with EMA.
Just woke up and literally ran to turn the computer back on, can't thank you enough for the explanations and such strong will to help, now it's all really clear and I will continue studying the Paradox, in fact I can't wait to be ready and start sharing my trading plans, but no shortcuts for this cat.

Cheers and thank you again.
"Know thyself."
  • #7,878
  • Edited 5:31am Feb 4, 2017 4:06am | Edited 5:31am
Quoting Welcrazy
eurjpypro-h2-gain-capital-uk-2.png;2170773 Date: 2/3/2017, 4:40 EST Daily: ROMAR Support EMA Resistance PSAR Resistance Check List: Last MACD 0 crossing Down Last EMA Alert Arrow Down Last DB Attachment 123.299, top Last SAR 121.003 Fibo Up Notes: SAR got tested, didn't breakthrough. Romar Close to SAR 2 HR: ROMAR Resistance EMA Crossing: Support PSAR Support Check List: Last MACD 0 UP Last EMA Alert UP Last DB Attachment 121.978,bottom Last SAR 121.755 Top Fibo Down Notes: Bounce from EMA/Purple.PASR just flipped.EMA going for crossing 1 HR: ROMAR...
I closed the trade before friday's end, either win or lose this entry was bad:
I entered long against romar on both H1,H2, candle didn't open above EMA/PURPLE, the risk for a slippage was high.
I should have waited the market to decide what to do, in particular at, 61.8 fibo H2 resistance
We had DB/SAR as signal for a retrace back to downtrend
On the candle I entered in H1, white crossed purple as signal of starting the consolidation, candle opened below EMA.
Waiting few minutes the EMA Alert would pop-up right before the candle I entered as signal of downtrend.
We would also have the coral popping up, for downtrend, in H1.

We could have entered short on touching of H1 ROMAR,with counfluence on H2 SAR detached and re-attached on a candle over H2 at fibo 50.0.But, wasn't it too risky aswell?

We had no defined entries in this situation; the best thing to do in that situation was to wait the market to decide better what to do, correct?
Attached Image (click to enlarge)
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  • #7,879
  • Feb 4, 2017 4:06am Feb 4, 2017 4:06am
Quoting miau1
{quote} Then, as final clarification, in these pictures from post #757, EMA is acting as Resistance in both of them, since ROMAR is support but EMA crossed purple on the upside of the cycle and since then it remains above purple (but we can't see the cross in the pictures, it happened in previous candles I assume), is this right? http://www.forexfactory.com/attachme...7&d=1454124832 http://www.forexfactory.com/attachme...8&d=1454124860 And really, thanks a LOT for explanations and...
I believe you are correct in saying that both EMAs are resistance in the two pictures. The labeling associated with them are incorrect in stating the 2 EMAs are support. I can see the confusion.
  • #7,880
  • Feb 4, 2017 8:40am Feb 4, 2017 8:40am
Guys everything has already been answered.

quoting post 6811

In this period of time with this scenario the market was in a consolidation with all 3 charts showing ROMAR in an uptrend. The Daily was already in an uptrend with EMA, White, and Smooth crossing Purple with an open candle above EMA. This also placed the Daily Parabolic in position for the flip.

On the H2 you have ROMAR sliding under EMA holding support.
On the H1 you have ROMAR holding support just under EMA.

With these scenario in place what is my trading plan saying? It is saying my entry will place EMA as support on ALL 3 charts coming out of a consolidated swing.

And my entry specify this and the bottom line is looking into the future as EMA being support. It is called seeing the big picture in the moment.

I hope this helps you to understand better
Behind the curtain's mystic fold The glowing future lies unrolled!!
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