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The Paradox System

  • #8,081
  • Feb 17, 2017 10:04am Feb 17, 2017 10:04am
For those traders who had went long did so against the Daily ROMAR and EMA RESISTANCE.
The Dove - Forex Trainer
  • #8,082
  • Feb 17, 2017 10:44am Feb 17, 2017 10:44am
Traders - I spend a lot of my free time posting things that are critical in learning. Just like yesterday posting in what could happen. I seen it before the fact and gave everyone heads up. The problem is most traders have "selective hearing" and read only what their ego will let then read; and most of my postings do not apply to their ego. Like I have said - it takes heart to learn and those who has an ego problem will never learn.
The Dove - Forex Trainer
  • #8,083
  • Feb 17, 2017 11:42am Feb 17, 2017 11:42am
Quoting dove_alliance
Traders - I spend a lot of my free time posting things that are critical in learning. Just like yesterday posting in what could happen. I seen it before the fact and gave everyone heads up. The problem is most traders have "selective hearing" and read only what their ego will let then read; and most of my postings do not apply to their ego. Like I have said - it takes heart to learn and those who has an ego problem will never learn.
ive got to admit (only started 4 weeks ago) I had long all day on my plan, however when I saw your statement and looked at if from a different POV it was gambling so stayed out. not enough belief yet (more fool me) for the short.

live and learn and keep reading.

thanks again.
Stop killing our Oceans, Stop using single use plastics.
  • #8,084
  • Feb 17, 2017 4:53pm Feb 17, 2017 4:53pm
Quoting dove_alliance
Traders - I spend a lot of my free time posting things that are critical in learning. Just like yesterday posting in what could happen. I seen it before the fact and gave everyone heads up. The problem is most traders have "selective hearing" and read only what their ego will let then read; and most of my postings do not apply to their ego. Like I have said - it takes heart to learn and those who has an ego problem will never learn.
Hello everyone. I did notice Dove's advice yesterday and understood the likely scenario that would pan out. I also noticed that when the chart said a short was on the offer, it was during some low & medium market news with the USD & EUR, so I stayed out using what I was thinking was a demonstration of patience in my trading. There's always another day for a trade so I was not upset in the slightest with my choice to wait; yet with the intent of: if we are to be the professionals we aim to be; in regards to the responses posted here over the last few hours, then maybe I have misinterpreted the market news rule. Originally I understood it to be just Major news releases and then I read somewhere from someone (can't remember who & it does not matter in searching for naming - the information only is what counts, not any finger pointing - we are all personally responsible, mature adults learning here) whom I consider senior on this thread, that trading during market news was to be avoided. There was no mention of major, medium or low in this comment and thus I decided to change my plans to now include "any" market news. So, may I clarify for myself and possibly others regarding market news please and welcome your comments?
Is it only the MAJOR market news releases or ALL market releases that we stay out of any trading?
Thank you with your patience with me and your help - have a great weekend everybody.
If you make up your own rules then the story is sad.....
  • #8,085
  • Feb 17, 2017 5:05pm Feb 17, 2017 5:05pm
Only major news from the USD, EUR, or JPY

Quoting OliveBranch
{quote} Hello everyone. I did notice Dove's advice yesterday and understood the likely scenario that would pan out. I also noticed that when the chart said a short was on the offer, it was during some low & medium market news with the USD & EUR, so I stayed out using what I was thinking was a demonstration of patience in my trading. There's always another day for a trade so I was not upset in the slightest with my choice to wait; yet with the intent of: if we are to be the professionals we aim to be; in regards to the responses posted here over...
  • #8,086
  • Feb 17, 2017 5:07pm Feb 17, 2017 5:07pm
Dove I have a question regarding the Daily. Do you think that because of the extra candle that is created on Sundays when the markets open, it somehow could compromise the data on the Daily with the Fibo or indicators? Just something that was on my mind
  • #8,087
  • Feb 17, 2017 7:03pm Feb 17, 2017 7:03pm
Quoting Paradox7
Dove I have a question regarding the Daily. Do you think that because of the extra candle that is created on Sundays when the markets open, it somehow could compromise the data on the Daily with the Fibo or indicators? Just something that was on my mind
The answer is no. Data runs from 17:00 ET to 17:00 ET of the next day.
The Dove - Forex Trainer
  • #8,088
  • Feb 17, 2017 7:23pm Feb 17, 2017 7:23pm
Quoting dove_alliance
{quote} The answer is no. Data runs from 17:00 ET to 17:00 ET of the next day.
I also ask because every time the extra candle is created on Sunday I see the indicators reacting along with it. And with 40 candles on the screen, about 6 of those are the extra ones created on Sunday. Wouldn't this affect the Fibo? Because the Fibo depends on the amount of candles on the screen, and if 6 of them are because of an extra candle I feel it could cause a difference. Whereas if it is just 5 daily candles in a week it would be more accurate because we wouldn't have any candles that are extra or do not belong there
  • #8,089
  • Feb 17, 2017 7:29pm Feb 17, 2017 7:29pm
Quoting Paradox7
{quote} I also ask because every time the extra candle is created on Sunday I see the indicators reacting along with it. And with 40 candles on the screen, about 6 of those are the extra ones created on Sunday. Wouldn't this affect the Fibo? Because the Fibo depends on the amount of candles on the screen, and if 6 of them are because of an extra candle I feel it could cause a difference. Whereas if it is just 5 daily candles in a week it would be more accurate because we wouldn't have any candles that are extra or do not belong there
No you don't - unless you got the wrong broker.
The Dove - Forex Trainer
  • #8,090
  • Feb 17, 2017 9:08pm Feb 17, 2017 9:08pm
Quoting kaizkung
abe ruin my day.......
Hello, Is this some truth why Eurjpy drop so quick? Sorry to hear your trade not quite what you want. Paradox always get it right according to the rules and sees it before fact is what I read. You must be trading another system possible.
  • #8,091
  • Feb 17, 2017 9:58pm Feb 17, 2017 9:58pm
Quoting dove_alliance
OK lets move on to an uptrend. {image} DAILY CHART - DATE: 12-01-15 ROMAR: Support EMA: Support Parabolic: Resistance NOTES: On this daily is showing an ending of a swing consolidation with ROMAR as support. White/Smooth had crossed Purple and is support with EMA at Purple for support on the uptrend. The Parabolic had been eliminated as resistance with the White crossing Purple. The upper Bollinger Band is within striking distance for a hit. {image} 2 HOUR CHART: Opening: 122.848 ROMAR: Support EMA: Support Parabolic: Resistance NOTES: The market...
Dove, or any other experts, can you please explain why EMA was "support" on the 1H and 2H charts. I thought if EMA is above purple, it is resistance. If anyone can clarify what I'm interpreting wrong, please correct me.

God bless you all.
"Cast your burden upon the Lord and He will sustain you"
  • #8,092
  • Feb 17, 2017 10:12pm Feb 17, 2017 10:12pm
Quoting tullegate
{quote} Dove, or any other experts, can you please explain why EMA was "support" on the 1H and 2H charts. I thought if EMA is above purple, it is resistance. If anyone can clarify what I'm interpreting wrong, please correct me. God bless you all.
Hello

My friend - go back to the post and copy the snippets then put them in a new post, that way it helps others to see what your talking about and when your question is answered everyone else will also have the answer.

Thanks
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,093
  • Feb 17, 2017 10:16pm Feb 17, 2017 10:16pm
Quoting shinny
{quote} Hello My friend - go back to the post and copy the snippets then put them in a new post, that way it helps others to see what your talking about and when your question is answered everyone else will also have the answer. Thanks Shaun
Thank you Shinny. I apologize for not doing that.

This picture was posted in the post, and it was an image of the 2H chart.

This was the caption:

"2 HOUR CHART:

Opening: 122.848
ROMAR: Support
EMA: Support
Parabolic: Resistance

NOTES: The market opened on top of ROMAR support with EMA on top of Smooth/White in a consolidated shallow swing. The parabolic is also holding resistance."
Attached Image (click to enlarge)
Click to Enlarge Name: H2_12-01.JPG Size: 22 KB
"Cast your burden upon the Lord and He will sustain you"
  • #8,094
  • Feb 18, 2017 3:41am Feb 18, 2017 3:41am
Quoting tullegate
{quote} Thank you Shinny. I apologize for not doing that. This picture was posted in the post, and it was an image of the 2H chart. This was the caption: "2 HOUR CHART: Opening: 122.848 ROMAR: Support EMA: Support Parabolic: Resistance NOTES: The market opened on top of ROMAR support with EMA on top of Smooth/White in a consolidated shallow swing. The parabolic is also holding resistance." {image}
This has already been discussed earlier this month:
Quoting Clip75
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...
  • #8,095
  • Feb 18, 2017 3:45am Feb 18, 2017 3:45am
I am a Hedging MTF Trend Trader across multiple pairs with a blend of god only knows how many forex factory systems been at it for awhile I would like to thank DOVE for giving me the final piece of the puzzle and the ATM card that goes with it
screen shot hopefully enclosed Daily TF short the blue line is the ROMAR
in the first 100 replys someone commented a good chart is clean of indicators there is a lot of value to that idea GOD BLESS everyone and good luck along your path and once again thank you DOVE
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 370 KB
  • #8,096
  • Feb 18, 2017 3:47am Feb 18, 2017 3:47am
one last comment to clarify the daily time frame for this pair is short but the screen shot is a much lower time frame that i key off of
  • #8,097
  • Feb 18, 2017 4:40am Feb 18, 2017 4:40am
Quoting fried pipster
one last comment to clarify the daily time frame for this pair is short but the screen shot is a much lower time frame that i key off of
We don't use the GBPAUD pair only the EURJPY.
  • #8,098
  • Feb 18, 2017 8:43am Feb 18, 2017 8:43am
Is this post correct ?

Quoting tullegate
{quote} I think the main problem traders are having is clearly defining what is a TREND and what is CONSOLIDATION. If you don't mind, I want to post my thought process on what these two words mean (based on the months of studying I have done), and you can correct me if I'm wrong. TREND The 4 horsemen (White, Purple, PSAR and Smooth) are the trend. When the 4 horsemen are moving up - they are support. When the 4 horsemen are moving down - they are resistance. EMA changes the ROMAR trend. So, if EMA is below ROMAR, the trend is down (support), but...
I think the main problem traders are having is clearly defining what is a TREND and what is CONSOLIDATION.

If you don't mind, I want to post my thought process on what these two words mean (based on the months of studying I have done), and you can correct me if I'm wrong.

TREND
The 4 horsemen (White, Purple, PSAR and Smooth) are the trend.
When the 4 horsemen are moving up - they are support.
When the 4 horsemen are moving down - they are resistance.

EMA changes the ROMAR trend.
So, if EMA is below ROMAR, the trend is down (support), but that's only true if it's also support on purple.
If EMA is above ROMAR, then the trend is up (resistance), but that's only true if it's also resistance on purple.

If one of the ROMAR trends are different from the 1H, 2H, or Daily, then the currency is in consolidation and we can trade long or short.

If all EMA's are above ROMAR, we should only go long.
If all EMA's are below ROMAR, we should only go short.

CONSOLIDATION
When white crosses purple, we are in consolidation. This means that we can go long and short. However, in consolidation, there is still a trend. That trend is with SMOOTH.
If smooth is below purple (in consolidation), then the trend is up.
If smooth is above purple (in consolidation), the trend is down.

When you are in consolidation, you either wait for the breakout (ema crossing purple), or you trade from the support or resistance of the consolidation.

If anyone has anything to add to this, please feel free to.

  • #8,099
  • Feb 18, 2017 5:04pm Feb 18, 2017 5:04pm
Quoting fried pipster
one last comment to clarify the daily time frame for this pair is short but the screen shot is a much lower time frame that i key off of
Thanks for posting this. I'm sure anyone who wants to contact you directly will do so.

Wishing you all the best for the future.
'in less than half an hour he made over 100 ticks'
  • #8,100
  • Feb 18, 2017 9:55pm Feb 18, 2017 9:55pm
im not looking to be contacted directly nor will i answer ive done my homework which is the only way you will prosper in this enviroment

you trade the eur/jpy here and my charts show an opportunity unfolding
so i am planning on a short at open 5pm sunday night your time 6 am monday morning my time
23 pips take profit exit if the trade goes against me at 50 pips a hedge will be entered
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