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The Paradox System

  • #8,361
  • Mar 3, 2017 5:09am Mar 3, 2017 5:09am
Quoting jakdan
DAILY CHART - DATE: 03/03/17 6.00 GMT News Release US Non manufacturing PMI 3.00pm FOMC Members speak 3-5 pm Yellen speaks 6.00 pm ROMAR: Resistance EMA: Resistance Parabolic: Support NOTES: now in Consolidation with the 4 fourhorsemen turning up acting as support with Romar playing its part as resistance DB attached at the swing low 118.225 Blue dash and Gold divergence also attached to this point SAR attached at swing high 120.478 market back into balance (but needs to fall to get to purple) MACD above 0 2 HOUR CHART: Opening: 120.179 120.093...
Self Evaluation-: went short as plan after market seemed to be turning down back into the Daily trend. probably a bit to keen with the consolidating yesterday to get into a trade and go against the 2 hr ROMAR trend. expecting the 2hr ROMAR to be the next support.
AH well back to the learning.
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  • #8,362
  • Mar 3, 2017 5:14am Mar 3, 2017 5:14am
Quoting marian
Date: 3/3/2017, 04:30 ET Daily: ROMAR: Resistance EMA: Resistance PSAR: Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment: 118.225, bottom Last SAR Attachment: 120.478, top Fibo: Up Notes: Purple, White and Smooth are support. The Parabolic has been eliminated with the White crossing Purple. Parabolic flip not locked in, maybe with the next candle. Market less than 30 pips below the ROMAR resistance. 2 HR: ROMAR: Support EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert...
Trade finished, SL hit after 45 minutes with that spike upwards; it came out of nowhere, no news in the calendar. On the 2 hour, the 4 horsemen were in downtrend, Parabolic flipped and EMA/Purple crossed for the down with Fibo down. On Daily, the ROMAR resistance had been tested yesterday. Apparently, the Purple, White and Smooth on Daily have the power there with the Parabolic flipping upwards, so there was just some kind of ranging on the 2 hour with ROMAR being support.
  • #8,363
  • Mar 3, 2017 5:22am Mar 3, 2017 5:22am
Quoting Retrogue
Upcoming news? 3pm GMT Closed MT4 after 17:00 EST? Yes Date: Plan created 22:00 02/03/2017 for 03/03/2017 Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance (eliminated) Check List: Last MACD 0 crossing - up Last EMA Alert Arrow - down Last DB Attachment Low at 118.225 Fibo up Notes: Smooth purple cross with daily candle testing romar resistance a long way from purple. Daily in consolidation. 2 HR: ROMAR - Support EMA - Support PSAR Support (eliminated) Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Last DB Attachment...
SL hit. Big spike, cannot see any planned news and any world events in the news that have just happened. Could be the parabolic flip on daily gave fresh momentum and the daily bar smashed through romar resistance. Will need a more experienced traders assesment to establish.
Never Give Up
  • #8,364
  • Mar 3, 2017 5:30am Mar 3, 2017 5:30am
Macron, Le Penn pole in France maybe helping the Euro??
Stop killing our Oceans, Stop using single use plastics.
  • #8,365
  • Mar 3, 2017 6:57am Mar 3, 2017 6:57am
Quoting jakdan
Macron, Le Penn pole in France maybe helping the Euro??
I seriously believe the EURO is in for some seismic shocks in 2017. It will only take one of the following to bring it down: Le Pen, Wilders, Italian 10Yr Bond Yields above 7%, Trump/Malloch's Greek solution, UniCredit & Monte dei Paschi di Siena banking collapse.... to start the ball rolling. I see nothing but a slide to parity & more choppy waves to trade.
  • #8,366
  • Edited 8:18am Mar 3, 2017 8:06am | Edited 8:18am
Quoting global168
{quote} I seriously believe the EURO is in for some seismic shocks in 2017. It will only take one of the following to bring it down: Le Pen, Wilders, Italian 10Yr Bond Yields above 7%, Trump/Malloch's Greek solution, UniCredit & Monte dei Paschi di Siena banking collapse.... to start the ball rolling. I see nothing but a slide to parity & more choppy waves to trade.
I do not understand...
Euro is a strong resistance ... even with parity forecasts .... a rebound is physiological.
- This is a CROSS! Look carefully how it is calculated!
I think this system was calculated to the last detail !! Now try to re-read the post yesterday. https://www.forexfactory.com/showthr...75#post9619275
For me it was perfect Spike ... and welcome. I do not know why all been waiting Short.

True that I have not posted plan ... I should not talk ..

https://www.forexfactory.com/showthr...75#post9619275
  • #8,367
  • Mar 3, 2017 8:22am Mar 3, 2017 8:22am
Quoting Asker
{quote} I do not understand... Euro is a strong resistance ... even with parity forecasts .... a rebound is physiological. - This is a CROSS! Look carefully how it is calculated! I think this system was calculated to the last detail !! Now try to re-read the post yesterday. https://www.forexfactory.com/showthr...75#post9619275 For me it was perfect Spike ... and welcome. I do not know why all been waiting Short. True that I have not posted plan ... I should not talk .. https://www.forexfactory.com/showthr...75#post9619275...

Is that you, Jean-Claude Juncker?
I think you will find that the small talk: jakdan/Global168 refers to socio-economical & political issues relating to the structural faults within the EURO and parity of EUR/USD.... though it would be nice if TheParadox could predict election results.
  • #8,368
  • Mar 3, 2017 8:25am Mar 3, 2017 8:25am
Quoting Asker
{quote} I do not understand... Euro is a strong resistance ... even with parity forecasts .... a rebound is physiological. - This is a CROSS! Look carefully how it is calculated! I think this system was calculated to the last detail !! Now try to re-read the post yesterday. https://www.forexfactory.com/showthr...75#post9619275 For me it was perfect Spike ... and welcome. I do not know why all been waiting Short. True that I have not posted plan ... I should not talk .. https://www.forexfactory.com/showthr...75#post9619275...
I have read Dove's post, but that Parabolic trend had ended with the flip plus EMA had crossed Purple ...
  • #8,369
  • Mar 3, 2017 8:30am Mar 3, 2017 8:30am
Quoting marian
{quote} I have read Dove's post, but that Parabolic trend had ended with the flip plus EMA had crossed Purple ...
Hi Marian
We entered almost at the same time, at that point the 1 hr and 2 hr parabolic was out of sync as it had flipped on 1hr anf I dont believe we should have pulled the trigger ... let me know of I misunderstood this.
Never Give Up
  • #8,370
  • Mar 3, 2017 8:31am Mar 3, 2017 8:31am
Quoting Retrogue
{quote} Hi Marian We entered almost at the same time, at that point the 1 hr and 2 hr parabolic was out of sync as it had flipped on 1hr anf I dont believe we should have pulled the trigger ... let me know of I misunderstood this.
You are right, H2 was not in sync with H1, this might have been a problem.
  • #8,371
  • Mar 3, 2017 8:33am Mar 3, 2017 8:33am
Quoting global168
{quote} Is that you, Jean-Claude Juncker? I think you will find that the small talk: jakdan/Global168 refers to socio-economical & political issues relating to the structural faults within the EURO and parity of EUR/USD.... though it would be nice if TheParadox could predict election results.
You ... maybe I need not have quote your post .. it was generally on the plans.
Nothing personal or specific speech
Sorry
  • #8,372
  • Mar 3, 2017 8:39am Mar 3, 2017 8:39am
Quoting marian
{quote} You are right, H2 was not in sync with H1, this might have been a problem.
And the parabolic flipped on daily confirming four horsemen trend on the daily for the up. Then the spike happened towards daily romar.
Never Give Up
  • #8,373
  • Mar 3, 2017 8:41am Mar 3, 2017 8:41am
Quoting marian
{quote} You are right, H2 was not in sync with H1, this might have been a problem.
what was the problem with mine guys????

I also read Doves post and was really tempted to go long last night with his riddle, however he also stated one of the rules is to make your own decision and make a plan.
Stop killing our Oceans, Stop using single use plastics.
  • #8,374
  • Mar 3, 2017 8:42am Mar 3, 2017 8:42am
Quoting Retrogue
{quote} And the parabolic flipped on daily confirming four horsemen trend on the daily for the up. Then the spike happened towards daily romar.
That's right, although the Parabolic flip is not 'locked in' as long as there is only one yellow dot. But anyway, the Daily is in a consolidation with EMA holding resistance and the Purple, White and Smooth holding support.
  • #8,375
  • Mar 3, 2017 8:57am Mar 3, 2017 8:57am
Quoting jakdan
{quote} what was the problem with mine guys???? I also read Doves post and was really tempted to go long last night with his riddle, however he also stated one of the rules is to make your own decision and make a plan.
I admit if I didnt miss the 6am candle I would have entered as my plan, same as yours to enter short. As H1 and H2 showed a flip into short term downtrend towards Romar support. And as in consolidation we trade from resistance down and support up. Smooth white purple ema cross and parabolic flip meant you can trade against romar trend. But I guess there was a message in Doves post that at the moment not to trade short. If we dont try we dont learn!
Never Give Up
  • #8,376
  • Mar 3, 2017 8:58am Mar 3, 2017 8:58am
Quoting jakdan
{quote} what was the problem with mine guys???? I also read Doves post and was really tempted to go long last night with his riddle, however he also stated one of the rules is to make your own decision and make a plan.
I cannot see a problem. You had the Parabolic flipped and locked in, the EMA/Purple crossed for the down and the 4 horsemen in downtrend on both H1 and H2. And the rule is: When ROMAR is out of sync on one of the three charts, the market is in consolidation, and when the market is in consolidation you can trade both ways.
  • #8,377
  • Mar 3, 2017 9:01am Mar 3, 2017 9:01am
Quoting marian
{quote}I cannot see a problem. You had the Parabolic flipped and locked in, the EMA/Purple crossed for the down and the 4 horsemen in downtrend on both H1 and H2. And the rule is: When ROMAR is out of sync on one of the three charts, the market is in consolidation, and when the market is in consolidation you can trade both ways.
+ 40 pip gap to romar support
Never Give Up
  • #8,378
  • Mar 3, 2017 9:02am Mar 3, 2017 9:02am
I guess we missed something and a more experienced trader will point it out to us.
Never Give Up
  • #8,379
  • Mar 3, 2017 9:15am Mar 3, 2017 9:15am
Quoting Retrogue
I guess we missed something and a more experienced trader will point it out to us.
Yes, hopefully. I guess it has somehow to do with the situation on Daily but I don't know.
  • #8,380
  • Mar 3, 2017 10:40am Mar 3, 2017 10:40am
Alright Traders - to start with you have the H1 and H2 ROMAR in an uptrend consolidation with the Daily downtrend ROMAR. You also had the H2 SAR/DB attached on the previous candle in CONSOLIDATION with the H2 uptrend ROMAR PLUS - Divergence.

THE BIG PICTURE - back into the H2 ROMAR trend with confluence. Bottom line is seeing the the whole picture on your trading plan before pulling the trigger.
The Dove - Forex Trainer
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