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The Paradox System

  • #8,321
  • Mar 1, 2017 5:52pm Mar 1, 2017 5:52pm
Quoting shinny
{quote} Lets clear this up, because I seem to have confused people somewhat. It would never be a case of going long against the trend willy nilly, and thers no discretion involved in it. If the market is out of balance with Daily Purple, it will either move sidewards (in consolidation) or it will move to the Daily Purple, which again would most likely put you in Consolidation on the 2hr. You have to take the whole picture into account - there is noting discretionary about it. Take for instance the last imbalance in the last few days, the Daily Fib...
Thank you Shaun. I appreciate it very much.

Let me add to this great advice. I have stated many times over you cannot enhance a scenario with another. It is impossible to do so, and will not work. If you have not study the scenarios then it is time for you to do so - or else you will continue to lose trades after trades. And as I have stated many times over. Consolidation begins when White crosses Purple ON ANY CHART. If you are not seeing the big picture in the moment, before pulling the trigger; then you will find yourself very disappointed.
The Dove - Forex Trainer
  • #8,322
  • Mar 1, 2017 6:45pm Mar 1, 2017 6:45pm
Quoting Retrogue
Date: 01/03/2017 20:00 Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - up Last EMA Alert Arrow - down Last DB Attachment 118.225 Fibo up Notes: Sar Parabolic hit at 120.208 also at 38.2 fib. Candle at 20:00 open at contour line with parabolic. Parabolic eliminated as resistance as white/ purple cross. 2 HR: ROMAR -Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - up Last EMA Alert Arrow - up Last DB Attachment 120.208 Fibo down Notes: Divergence at fib 0 level with db attachment....
Evaluation. SL hit. Firstly I chased the market. Rule broken as I shorted against 2 hour romar trend without purple smooth cross. The white and purple on 2 hour turned into a slider. I entered short at the bottom of a downswing in the 1 and 2 hour consolidated uptrend. The trade should have been long off 1 hour ema support. Lesson learnt lots and lots of studying to do.
Never Give Up
  • #8,323
  • Mar 1, 2017 7:18pm Mar 1, 2017 7:18pm
Quoting Retrogue
{quote} Evaluation. SL hit. Firstly I chased the market. Rule broken as I shorted against 2 hour romar trend without purple smooth cross. The white and purple on 2 hour turned into a slider. I entered short at the bottom of a downswing in the 1 and 2 hour consolidated uptrend. The trade should have been long off 1 hour ema support. Lesson learnt lots and lots of studying to do.
One critical mistake you are making is no patience in waiting for the set up. You continue to counter-trade while still in trend. You need to start recognizing Smooth before pulling the trigger. If you go back to your trades you will see how Smooth is related with pulling the trigger.

That goes for all you traders. Study your plans and your trades and how they related with Smooth.
The Dove - Forex Trainer
  • #8,324
  • Mar 1, 2017 7:29pm Mar 1, 2017 7:29pm
Quoting Retrogue
{quote} Evaluation. SL hit. Firstly I chased the market. Rule broken as I shorted against 2 hour romar trend without purple smooth cross. The white and purple on 2 hour turned into a slider. I entered short at the bottom of a downswing in the 1 and 2 hour consolidated uptrend. The trade should have been long off 1 hour ema support. Lesson learnt lots and lots of studying to do.
Agreed. Indeed, lots & lots of studying for us all. Studying is very enjoyable & then we are privileged enough to be able to demonstrate to others our level of understanding & applying the rules in our trading, to then review ourselves and also have great teachers assisting in our journey who do not helicopter, micromanage nor hold our hands as we cross the road. Putting the Theory into Practise & this is bringing us into being balanced and disciplined traders.

I did feel that your entry as you described it in your plan as too being too risky for myself & is confirmed after waiting for your review. You were not alone in learning in your example you provide us. At the time you were pulling the trigger, chasing the market as you describe yourself to have done, i found upon reviewing your statement & at the emotional level that i too was itching to make a trade and was also tempted to "chase the market" as you describe your actions, but in the opposite direction to yours and have made a choice to wait for further confluence before pulling the trigger in either direction. I'm still currently looking over the fence waiting for an entry & about to head off for work. There's always another trade tomorrow if i find that there is none today. No need to pursue the market. Plus what has been said recently, what's going on at the moment does not happen every day of the year - so for many of us new people, we are having more new lessons in action in relation to support and resistance, right now. If we do not heed the rules; we will be slapped on the hand. Again.
Good trading everyone.
If you make up your own rules then the story is sad.....
  • #8,325
  • Mar 1, 2017 11:28pm Mar 1, 2017 11:28pm
Here is a list of rules applying for the basics: ROMAR, EMA, and the 4 Horsemen.

Basic rules:
a: Do not trade against the trend.
b: Trade objectively and not subjectively using support and resistance.
c: Do not chase the market but let the market come to you.
d: The H1 chart is your reference chart for trends and consolidation.
e: The Daily is your reference for the Daily trend, support, and resistance.
f: The H2 chart is your actual trading chart.

Rules for uptrend:
a: ROMAR , EMA, and the 4 Horsemen must be in sync on both H1 and H2 to trade long.
b: The H1 is your reference charts with the H2 your trading chart. Always check the Daily before pulling the trigger.
c: Trades are taken from Bottom support area to the Top resistance area . Use the H2 chart for your entry.
d: If you miss the support area for entry then wait on the next open H2 bar before pulling the trigger.

Rules for downtrend:
a: ROMAR , EMA, and the 4 Horsemen must be in sync on both H1 and H2 to trade short.
b: The H1 is your reference charts with the H2 your trading chart. Always check the Daily before pulling the trigger.
b: Trades are taken from Top resistance area to the Bottom support area. Use the H2 Chart for your entry.
d: If you miss the resistance area for entry then wait on the next open H2 bar before pulling the trigger.

Rules for consolidation:
a: The H2 is your trading chart.
b: You use any, or all 3 charts, as reference for consolidation.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation.
e: Both upper and lower bands are resistance and support in consolidation.

Rules for Support and Resistance:
a: ROMAR is the Major Support and Resistance for any chart.
b: EMA is Support and Resistance for the 4 Horsemen and used for cycles.
c: Daily ROMAR is the Major Support and Resistance for the complete system.
d: The 4 horsemen are support for an uptrend and Resistance for a downtrend.

Rules for determining consolidation:
a: All 3 charts determines consolidation. If one of the 3 charts is not in sync you are in consolidation.
b: If ROMAR, EMA are opposite of one another on any chart you are in consolidation.
c: White crossing Purple on any chart places the whole system in consolidation and setting up for a reversal, a swing for a new cycle, ranging, or sideways consolidation.
d: If the Parabolic's on any chart is opposite of the other charts you are in consolidation.

Study these rules and it may help you.
The Dove - Forex Trainer
  • #8,326
  • Mar 2, 2017 12:05am Mar 2, 2017 12:05am
I may have posted this once - but I will post it again as a reminder:

Biasness: (Objective vs. Subjective)

Let me take this time and talk about being objective vs. being subjective.

Objective:

A: based on facts rather than feelings or opinions: not influenced by feelings.

B: expressing or dealing with facts or conditions as perceived without distortion by personal feelings, prejudices, or interpretations.

C: limited to choices of fixed alternatives and reducing subjective factors to a minimum.

Subjective:

A: of, relating to, or characteristic of one that is a subject especially in lack of freedom of action or in submissiveness.

B: characteristic of or belonging to reality as perceived rather than as independent of mind.

C: arising out of or identified by means of one's perception of one's own states and processes.

D: lacking in reality or substance.

There is a fine line between the both. Being subjective is taking something that "is" and turning which "is" into what defines truth. And your reasoning is because of the way you think. You cannot take what "is" into anything else, because what "is" belongs to the fact of "truth". And if you stay within the fact of truth then you are being objective and new doors are being open into a realm of a thought process you had not experience in the past. Being objective is also being totally opened minded with what "IS". If you are not open minded then what "if" becomes a delusion.

Being bias means you are also subjective and not open minded. Being bias defines the difference between a winner and a loser. This is the main reason traders blows accounts after accounts and it makes no difference if you are Bull or a Bear.

You have to trade objectively and NEVER in a state of biasness. If you are bias then you are not able to see the opposite.

For the last 3 or more years this market with all pairs has been in a state of ranging; higher highs and lower lows. And if you are losing your money then it is time to check for the reasons why.

Being bias is planting a seed that will harvest what you sowed. It is the same with fear; fear is an acronym for False Evidence Appearing Real. Understand this - fear is a lie. Fear will bring thoughts like, "What if you fail? What are other people going to think? You don't have what it takes." Fear will do its best in trying to convince us to shrink back and stay where we are. Fear is a spirit. It plays on our emotions in taking control of our instincts without gaining any knowledge.

Being bias and having fear is the control of your thinking. When you start to think in terms of trading - then you are walking in deep water which is holding you back. Using your intellect in trading this system is far weaker than the Paradox.. It is only through wisdom can you use the power within the Paradox. Knowledge is gaining Wisdom. It is the very solution to overriding the context of any element, and letting your instincts flowing free in gaining knowledge through understanding.

Then there is ego:

With the mixture of biasness feeding off feared and mixed with ego; you then have the elements of destruction. Ego can very well keep you from gaining the 3 elements of success (understanding, knowledge, and wisdom). The bottom line: Biasness, Fear, and Ego are the reason why all traders fail. Those 3 elements is the very control of living your life in a vicious circle; and stepping out of your comfort zone is the only way of seeing the light.
The Dove - Forex Trainer
  • #8,327
  • Mar 2, 2017 12:50am Mar 2, 2017 12:50am
DAILY CHART - DATE: 02/03/17 6.10 GMT

News Release
US Unemployment claims 1.30pm

ROMAR: Resistance

EMA: Resistance

Parabolic: Resistance

NOTES: All three support/resistance are in compliance for a strong downtrend.
DB attached at the swing low 118.225
Blue dash and Gold divergence also attached to this point
Market just above PSAR, eliminated with white cross purple
SAR attached at swing high 120.263
market out of Balance with Purple sitting just below ROMAR


2 HOUR CHART:

Opening: 119.332 – 120.202

ROMAR: Support

EMA: Support

Parabolic: Support

NOTES: The two hour has the 4 horsemen on a steep up trend offering support but now turning over. white has slid over Purple.
MACD currently flashing.
DB/SAR attached @120.263 together with Magenta dash at the 0 fibo red.


1 HOUR CHART:

ROMAR: Support

EMA: Support

Parabolic: Support

Notes: The 1 hour has all 4 horsemen running flat with Purple,white and Smooth changing positions currently acting as support.
Magenta tag @ 120.263 (DB is removed) on red 0 Fibo

Entry: looking for short when both white and smooth cross purple for a change in trend(watch for slide) and market open below smooth.

Looking for Long on a pullback to EMA, if the trend stays intact and slides
Stop killing our Oceans, Stop using single use plastics.
  • #8,328
  • Mar 2, 2017 1:30am Mar 2, 2017 1:30am
Quoting jakdan
DAILY CHART - DATE: 02/03/17 6.10 GMT News Release US Unemployment claims 1.30pm ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: All three support/resistance are in compliance for a strong downtrend. DB attached at the swing low 118.225 Blue dash and Gold divergence also attached to this point Market just above PSAR, eliminated with white cross purple SAR attached at swing high 120.263 market out of Balance with Purple sitting just below ROMAR 2 HOUR CHART: Opening: 119.332 120.202 ROMAR: Support EMA: Support Parabolic: Support NOTES:...
Jakdan,

Could you please post your daily chart.
  • #8,329
  • Mar 2, 2017 1:56am Mar 2, 2017 1:56am
Rocket

sorry I have left home for work and don't use my platform at work, (company doesn't allow apps/downloads. I can only watch it with team viewer on my phone.

is there a reason? or just curious.
Stop killing our Oceans, Stop using single use plastics.
  • #8,330
  • Mar 2, 2017 2:11am Mar 2, 2017 2:11am
Quoting jakdan
Rocket sorry I have left home for work and don't use my platform at work, (company doesn't allow apps/downloads. I can only watch it with team viewer on my phone. is there a reason? or just curious.

No problem. Thank you for the reply. I think my chart is not the same. I do have Forex.com, but I am doing something wrong. I am still at the very beginning of training and do not want to disrupt the forum. I am trying to find my errors.
  • #8,331
  • Mar 2, 2017 2:14am Mar 2, 2017 2:14am
Quoting Rocket101
{quote} No problem. Thank you for the reply. I think my chart is not the same. I do have Forex.com, but I am doing something wrong. I am still at the very beginning of training and do not want to disrupt the forum. I am trying to find my errors.
if you remind me, I will send you one when I get home and try and post tomorrows first thing,
stick with it
Stop killing our Oceans, Stop using single use plastics.
  • #8,332
  • Mar 2, 2017 2:21am Mar 2, 2017 2:21am
Quoting jakdan
{quote} if you remind me, I will send you one when I get home and try and post tomorrows first thing, stick with it
Thank you - I will remind you. I am GMT +2.
  • #8,333
  • Mar 2, 2017 2:31am Mar 2, 2017 2:31am
Quoting Rocket101
{quote} Jakdan, Could you please post your daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproDailyprova.png Size: 40 KB


what's your problem? time broker?
  • #8,334
  • Edited 3:37am Mar 2, 2017 2:39am | Edited 3:37am
Someone has given me a nudge.... a reminder in the last page or so. i wish to acknowledge and also thank them for the reminder.
If you make up your own rules then the story is sad.....
  • #8,335
  • Mar 2, 2017 2:44am Mar 2, 2017 2:44am
Quoting marian
Date: 3/1/2017, 11:00 ET Daily: ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment: 118.225, bottom Last SAR Attachment: 120.208, top Fibo: Up Notes: 4 horsemen trend down. PSAR resistance eliminated with White/Purple crossing. Divergence attachments with DB at the Fibo 0 level. Market above PSAR, about 40 pips below ROMAR. 2 HR: ROMAR: Support EMA: Support PSAR: Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment: 120.197, top with...
Trade finished, SL hit. I don't feel very disappointed when I lose trades on demo, I'm quite at the beginning of my '6 months', every trade is a learning experience, and anyway I want to be emotionally detached from my trades and their results. My superficial or wrong understanding was that the Fibo flip happens automatically with a new high; in trends with ROMAR in sync on all charts the market will continue with new highs from candle to candle; but in consolidation once the Fibo flips it may only bump up a few pips sometimes. OK, it's not that simple. I have to take the 4 horsemen, especially Smooth, into consideration. And in this case there was considerable pressure upwards because, as shinny wrote above, mostly when EMA/ROMAR cross the market will retest ROMAR. So I will continue to study.
  • #8,336
  • Mar 2, 2017 2:55am Mar 2, 2017 2:55am
Quoting Asker
{quote} {image} what's your problem? time broker?
Asker,

Maybe I am totally wrong... but I see EMA and Parabolic as support on the daily and not as resistance? with only Romar as resistance...
I know I still know nothing about the system... so if I am wrong, please be patient.
  • #8,337
  • Mar 2, 2017 3:07am Mar 2, 2017 3:07am
Quoting Rocket101
{quote} Asker, Maybe I am totally wrong... but I see EMA and Parabolic as support on the daily and not as resistance? with only Romar as resistance... I know I still know nothing about the system... so if I am wrong, please be patient.
Yes. Your focus is on price. ... totally wrong
I think you have to start from Page 1. In my experience no one will help, if you do not read ... everything, ... before
  • #8,338
  • Mar 2, 2017 3:13am Mar 2, 2017 3:13am
Quoting Asker
{quote} Yes. Your focus is on price. ... totally wrong I think you have to start from Page 1. In my experience no one will help, if you do not read ... everything, ... before
Yes. I understand. I do not expect anything else. I am reading. Thank you anyway.
  • #8,339
  • Mar 2, 2017 3:19am Mar 2, 2017 3:19am
Quoting Rocket101
{quote} Asker, Maybe I am totally wrong... but I see EMA and Parabolic as support on the daily and not as resistance? with only Romar as resistance... I know I still know nothing about the system... so if I am wrong, please be patient.
You need to do a lot more studying my friend. Its not good enough to say you still know nothing - find it out!

Anyway, I'll make it easy for you this time:

1. ROMAR crossing EMA determines Support and Resistance for long term trend. If the trend is down it is with ROMAR above EMA and vice-versa.
2. EMA crossing Purple determines the short term trend. If EMA crosses the Purple from bottom then EMA trend is support and vice-versa.
3. White and Smooth crossing Purple determines the beginning of the 4 horsemen trend looking for the Parabolic flip
4. PSAR is negated as S/R when White and Purple cross in Consolidation

Have a think about that and see if you can re-assess the Daily?

Hope that helps.
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,340
  • Mar 2, 2017 3:55am Mar 2, 2017 3:55am
Quoting dove_alliance
{quote} One critical mistake you are making is no patience in waiting for the set up. You continue to counter-trade while still in trend. You need to start recognizing Smooth before pulling the trigger. If you go back to your trades you will see how Smooth is related with pulling the trigger. That goes for all you traders. Study your plans and your trades and how they related with Smooth.
Thank you Dove
Never Give Up
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