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The Paradox System

  • #7,921
  • Feb 8, 2017 1:22am Feb 8, 2017 1:22am
Quoting OliveBranch
Good Morning kind people. Please review my 1st Paradox trading plan on Demo a/c. Comments you may feel relevant are welcome. DAILY CHART - DATE: 8-2-17 NY 1715hrs Sydney time 0815hrs ROMAR: Support EMA: Resistance Parabolic: Resistance NOTES: Consolidation 2 HOUR CHART: Opening: 120.006 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: Purple x white 5hrs ago, white continues uptrend. Magenta SAR has hit PSAR resistance at 120.099. Fibo green for uptrend and has hit the 23.6 fibo and has also moved x the EMA so that EMA is support....
Suggest you upload a screenshot png file instead of PDF.
  • #7,922
  • Feb 8, 2017 2:05am Feb 8, 2017 2:05am
Quoting crupent
Re-entered for a short on the hit of parabolic. {image}
Trade closed. Winning trade.

Evaluation: Great trade off the SAR and Parabolic.
Attached Image (click to enlarge)
Click to Enlarge Name: feb7new.png Size: 63 KB
When you work hard in silence, people don't know what to attack.
  • #7,923
  • Feb 8, 2017 2:33am Feb 8, 2017 2:33am
Quoting marian
Date: 2/7/2017, 9:00 ET Daily: ROMAR: Support EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 119.531, bottom above SAR Fibo: Up Notes: 4 horsemen trend down. SkyLightBlue attachment at 119.531. Purple at ROMAR. 2 HR: ROMAR: Resistance EMA: Resistance PSAR: Resistance, eliminated Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Down Last DB Attachment: 119.531, bottom Last SAR Attachment: 120.033, top Fibo: Up Notes: 4 horsemen trend down. White/Purple crossing eliminating...
SL hit. This trade was dangerous from the get go because the green EMA arrow did not show and I could not anticipate whether or not EMA holds resistance. But I decided to take it because of the MACD crossing 0, the open above White/Purple crossing, the divergence and the SAR breaking away from DB. So it bounced off of EMA and went >30 pips downhill before going up to BE, bouncing off of SAR and Parabolic and down again to SL. So I draw the conclusion that the entry was obviously too early. I must be patient, not chase the market, wait for more confirmation: EMA arrow, Smooth/Purple crossing and Parabolic flip.
  • #7,924
  • Feb 8, 2017 2:45am Feb 8, 2017 2:45am
Quoting marian
{quote}SL hit. This trade was dangerous from the get go because the green EMA arrow did not show and I could not anticipate whether or not EMA holds resistance. But I decided to take it because of the MACD crossing 0, the open above White/Purple crossing, the divergence and the SAR breaking away from DB. So it bounced off of EMA and went >30 pips downhill before going up to BE, bouncing off of SAR and Parabolic and down again to SL. So I draw the conclusion that the entry was obviously too early. I must be patient, not chase the market, wait for...
Long would have worked only if the parabolic flipped (because of divergence on the 0 fib level, with a green fib), but since it didn't flip, it hit your SL.
When you work hard in silence, people don't know what to attack.
  • #7,925
  • Feb 8, 2017 3:57am Feb 8, 2017 3:57am
Quoting global168
{quote} Suggest you upload a screenshot png file instead of PDF.
Sure. Good idea.
FF hasn't checked into my new account as yet from what I believe - as I have only just signed up today. Once they do the shots should be up for view.

Trade Plan 1
DAILY CHART - DATE: 8-2-17 NY 1715hrs Sydney time 0815hrs
ROMAR: Support
EMA: Resistance
Parabolic: Resistance
NOTES: Consolidation
2 HOUR CHART:
Opening: 120.006
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
NOTES: Purple x white 5hrs ago, white continues uptrend. Magenta SAR has hit PSAR resistance at 120.099. Fibo green for uptrend and has hit the 23.6 fibo and has also moved x the EMA so that EMA is support.
Down Trend
1 HOUR CHART:
ROMAR: Resistance
EMA: Support
Parabolic: Support
Consolidation
Notes: All charts are not in sync thus we have a consolidated market. Purple has broken above white & smooth again. All 4 horsemen are in up trend. 2 attempts to pass the fibo 23.6 have been made but relatively unsuccessful. 1Hr chart is inconsistent with the 2hr.
Entry: Wait and watch till the 2Hr & 1Hr are congruent. Then up date with revised plan.
Self Reminder: I have restarted platform at 1705 hrs NY time (0805 Sydney)
Copy of 2hr Chart:


2 hr chart ROMAR is resistance, EMA is resistance, same as earlier today's assessment of indicators. What has changed: ParabolicSAR has confirmed down trend by the flip to now be resistance from previous move up by 2nd dot.

The 1hr chart now matches the 2hr trend by: ROMAR being resistance, EMA is resistance, all four horsemen are down trend.
Action: Evaluation complete. Sell order commenced at approx 2315hrs NY time at 119.83 with a preset 40pip SL before trigger made. manually entered the TP for 40 pips.
Evaluation immediately after the order was made:- Forgot to change the size of the order to reflect my accounts 2% of total account size / margin rule. Will now put this rule onto the trading plan template so I remember to set the appropriate lot size to read as - “0.117” lot size.
Subjective assessment - Emotions in myself noted: these were the negative feelings associated with realizing after the fact of a simple rule being over looked. Realization that I was lucky I’m in Demo account and not my live account (which has a preset lot size in place already) - habits are key - change the habit & I run into simple errors - my 1st lesson I recognised so far in this learning phase of new trading system that I’m in). I risked Close enough to 9% of my Demo trading account. Silly and wrong, oh so wrong.
Action: stay in the trade as per rule in order to assess if the reasoning for sell is well grounded.
Hid the “active trades” from view so I do not see any profits or loss counter - which might get me emotional???
Evaluation after completion of trade:
40 pip Profitable trade. confirmed & Taken at 0525hrs New York Time - 1925 Sydney time in approx less than 6hrs of trade length.
1st trade using this system. Basic error in trading with 2% margin risk with trading 1.0 whole Lot position size instead of 0.195 of my Demo account.
Emotions: Had my young adult offspring watching the last 3 minutes of the trade. Displays of significant emotions of excitement was a distraction for me. Consider myself lucky as far as trading way over the 2% money management rule. Re-engage brain for next trade tomorrow.
Thank you Dana & Contrax for your input, support and positive teaching methods without the spoon feed throughout the thread. Looking forward to receiving anyone’s feedback, experienced or not. Let’s learn and problem solve together.
Screen shot of trade platform at completion:-

Thanking you for your attention.
Attached Images
If you make up your own rules then the story is sad.....
  • #7,926
  • Feb 8, 2017 4:07am Feb 8, 2017 4:07am
I believe that settings are wrong.
someone confirm?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY#H2.png Size: 41 KB
  • #7,927
  • Feb 8, 2017 4:25am Feb 8, 2017 4:25am
Quoting Asker
I believe that settings are wrong. someone confirm? EURJPY#H2.png;2177958 {image}
Looking almost same as mine, except I have 119.375 on the green fibo (going up) - where you have 119.357 white box. Much of a muchness? > What say you experienced people?
If you make up your own rules then the story is sad.....
  • #7,928
  • Feb 8, 2017 4:39am Feb 8, 2017 4:39am
Quoting Asker
I believe that settings are wrong. someone confirm? EURJPY#H2.png;2177958 {image}
Wrong Broker
  • #7,929
  • Feb 8, 2017 9:35am Feb 8, 2017 9:35am
Quoting marian
{quote}SL hit. This trade was dangerous from the get go because the green EMA arrow did not show and I could not anticipate whether or not EMA holds resistance. But I decided to take it because of the MACD crossing 0, the open above White/Purple crossing, the divergence and the SAR breaking away from DB. So it bounced off of EMA and went >30 pips downhill before going up to BE, bouncing off of SAR and Parabolic and down again to SL. So I draw the conclusion that the entry was obviously too early. I must be patient, not chase the market, wait for...
Here is the problem Marian: The Daily ROMAR is still RESISTANCE until it crosses EMA. The market got below EMA on the Daily which also placed the H2 in a consolidated RANGING MODE. The H2 SAR is showing this ranging. When the SAR had hit the Parabolic for the short - you went long.
The Dove - Forex Trainer
  • #7,930
  • Feb 8, 2017 12:31pm Feb 8, 2017 12:31pm
Quoting dove_alliance
{quote} Here is the problem Marian: The Daily ROMAR is still RESISTANCE until it crosses EMA. The market got below EMA on the Daily which also placed the H2 in a consolidated RANGING MODE. The H2 SAR is showing this ranging. When the SAR had hit the Parabolic for the short - you went long.
surely daily Romar is still support until EMA crosses Romar..... ( I know daily EMA is currently resistance as purple is below it. ) I hope it's a typo Dove or I need to go back to the beginning : )
  • #7,931
  • Feb 8, 2017 1:12pm Feb 8, 2017 1:12pm
Derek
you need to go back to the beginning pal and look at the way support and resistance is explained, don't look at it the old way ( normal way) I too used to be confused but after a few times going over and over it will drop.
Keep reading it will come, I still have a lot of confusion and am not ready to trade yet but I think this is a pice of brilliance, however it will take time and persistence.
Stop killing our Oceans, Stop using single use plastics.
  • #7,932
  • Feb 8, 2017 1:47pm Feb 8, 2017 1:47pm
[quote=dove_alliance;8722039]Long term trend is ROMAR on the DAILY. And what determines ROMAR as trend (on all charts) is when ROMAR crosses EMA. So lets say ROMAR is holding support for the UP and then crosses EMA; ROMAR then changes from Support to Resistance;
Quoting dove_alliance
{quote} And it is not Purple/ROMAR crossing for the change of the ROMAR trend. It is ROMAR crossing EMA for the change of trend and that is on all three charts. So you need to study some more to get it right.
???
  • #7,933
  • Feb 8, 2017 1:48pm Feb 8, 2017 1:48pm
Quoting Derek73
{quote} surely daily Romar is still support until EMA crosses Romar..... ( I know daily EMA is currently resistance as purple is below it. ) I hope it's a typo Dove or I need to go back to the beginning : )
Derek - you need to understand the Paradox is not standard in any way; including support and resistance. The Paradox does not follow the standards of trading which makes the Paradox a deadly force against the market. Saying that - I also have said many times ROMAR relates with EMA - and EMA relates with Purple. There is no typo which means you need to study more and get rid of the way you think in regards of your past history with the garbage you had been taught. I suggest to relate support and resistance; not as price - but as an analogy of stepping out of the box. The Paradox has no relationship with price in any way. Saying that - with todays bar on the daily you have EMA as resistance and ROMAR as support and the Daily is in consolidation. If you do not understand that then you need to go back and study in the reason why that is true.
The Dove - Forex Trainer
  • #7,934
  • Feb 8, 2017 1:56pm Feb 8, 2017 1:56pm
I was just commenting on what I thought was correct, that Romar was still support until crossing EMA.......I think we are in agreement ??

Saying that - with todays bar on the daily you have EMA as resistance and ROMAR as support and the Daily is in consolidation. If you do not understand that then you need to go back and study in the reason why that is true.
The Dove - Forex Trainer
  • #7,935
  • Feb 8, 2017 2:08pm Feb 8, 2017 2:08pm
Quoting dove_alliance
{quote} Here is the problem Marian: The Daily ROMAR is still RESISTANCE until it crosses EMA. The market got below EMA on the Daily which also placed the H2 in a consolidated RANGING MODE. The H2 SAR is showing this ranging. When the SAR had hit the Parabolic for the short - you went long.
Thanks Dove, I didn't see the big picture, I will study this.
  • #7,936
  • Edited Feb 9, 2017 3:16pm Feb 8, 2017 4:50pm | Edited Feb 9, 2017 3:16pm
Date: 2/8/2017, 17:00 ET

Daily:
ROMAR: Support
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 119.320, bottom above SAR
Fibo: Up

Notes: 4 horsemen trend down. SkyLightBlue attachment at 119.320.

2 HR:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance, eliminated

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: 119.320, bottom
Last SAR Attachment: 119.320, bottom
Fibo: Up

Notes: SkyLightBlue and Gold divergence attachment at 119.320 at Fibo 0.0. Candle open above Parabolic, which did not flip.

1 HR:
ROMAR: Resistance
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Fibo up or down: Up

Notes: 4 horsemen in Uptrend.

Final Notes: Consolidation. 17:00 ET candle open above Parabolic, but no Parabolic flip.

Entry: Sell at open of 17:00 ET candle. SL above PSAR and 23.6, TP above 0.0.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 43 KB


Evaluation: OK, SL hit, this trade was bad because White/Purple crossing had eliminated the Parabolic. EMA arrow was up, MACD up, Fibo up. Last attachments of DB/SAR and divergence were at the bottom at Fibo 0.0. After my entry, the Parabolic flipped and became support; and later today the open of the 01:00 ET candle at White and the open of the 07:00 ET candle at White would have been successful long entries with the Parabolic, the DB and the 4 horsemen being in uptrend.
  • #7,937
  • Feb 8, 2017 5:41pm Feb 8, 2017 5:41pm
Quoting crupent
{quote} Long would have worked only if the parabolic flipped (because of divergence on the 0 fib level, with a green fib), but since it didn't flip, it hit your SL.
You MUST only trade one time per day. That is the Golden Rule... Greed can destroy you.
  • #7,938
  • Feb 8, 2017 5:48pm Feb 8, 2017 5:48pm
Quoting OliveBranch
{quote} Thank you Dana & Contrax for your input, support and positive teaching methods without the spoon feed throughout the thread. Looking forward to receiving anyones feedback, experienced or not. Lets learn and problem solve together. Screen shot of trade platform at completion:- Thanking you for your attention. {image} {image} {image} {image}
Thank you for mention me.. But in Here the Real Experts is Dana dove_alliance and Shaun shinny.

God bless us with health, long life and a clear mind for trade Paradox in the correct way. Especially to the Teachers long life and more time with us!
  • #7,939
  • Feb 8, 2017 6:49pm Feb 8, 2017 6:49pm
Quoting OliveBranch
{quote} Sure. Good idea. FF hasn't checked into my new account as yet from what I believe - as I have only just signed up today. Once they do the shots should be up for view. Trade Plan 1 DAILY CHART - DATE: 8-2-17 NY 1715hrs Sydney time 0815hrs ROMAR: Support EMA: Resistance Parabolic: Resistance NOTES: Consolidation 2 HOUR CHART: Opening: 120.006 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: Purple x white 5hrs ago, white continues uptrend. Magenta SAR has hit PSAR resistance at 120.099. Fibo green for uptrend and has hit the...
Sir -- I have been trying to place together your plan and your trade for the last couple of hours and having some real problem understanding exactly what you did. I believe I'm brain dead at the moment. So what I will do is turn this over to Shaun, and see if he can shake it loose and give you some advice on how to post your plan without all these emotions.
The Dove - Forex Trainer
  • #7,940
  • Feb 9, 2017 12:28am Feb 9, 2017 12:28am
Quoting dove_alliance
{quote} Sir -- I have been trying to place together your plan and your trade for the last couple of hours and having some real problem understanding exactly what you did. I believe I'm brain dead at the moment. So what I will do is turn this over to Shaun, and see if he can shake it loose and give you some advice on how to post your plan without all these emotions.
Thank you Dove. I'll go over it again offline as well. Sorry to be using emotive wording. Appreciate your correcting me in my trade plan wording.
If you make up your own rules then the story is sad.....
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