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The Paradox System

  • #8,441
  • Mar 8, 2017 6:54am Mar 8, 2017 6:54am
Quoting maas
Hi Pipon, A better entry for short would be now at 120.39 with confluence of 1H ROMAR + 2H parabolic + previous low. Would you mind pointing out the location of the "previous low" for this novice? Hopeful Thanks, Maas
Hi Maas,
when I think about it now, I may have mix something I shouldn't have added here. When the market moves in "waves" it is creating lower lows on the way down, and higher highs when it goes up. Many times when the market moves down , it goes back up to the level of the previous low that was created and only then moves further down. These levels often treated as resistance.
If you want to know more you should read a bit about price action, BUT Im pretty sure we do not use it in the PARADOX so Im sorry I used it here...
Dove said many times that we should forget about the "old" thinking so I guess I have more training to do.....
  • #8,442
  • Mar 8, 2017 7:20am Mar 8, 2017 7:20am
SL hit - will evaluate the trade later
  • #8,443
  • Mar 8, 2017 7:34am Mar 8, 2017 7:34am
Quoting pipon
{quote} Hi Maas, when I think about it now, I may have mix something I shouldn't have added here. When the market moves in "waves" it is creating lower lows on the way down, and higher highs when it goes up. Many times when the market moves down , it goes back up to the level of the previous low that was created and only then moves further down. These levels often treated as resistance. If you want to know more you should read a bit about price action, BUT Im pretty sure we do not use it in the PARADOX so Im sorry I used it here... Dove said many...
Hi Pipon,

Thank you for such a prompt & helpful reply.


Best wishes,

Maas
  • #8,444
  • Edited 8:54am Mar 8, 2017 8:41am | Edited 8:54am
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Quoting jakdan
Date: 08/03/17 06.22 GMT Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: 118.225 Fibo: up Notes: the 1 Daily has the 4 horsemen in an up trend with the market below all except PSAR support. DB / SAR Attachment at the lower high 121.160 together with Magenta dash. Gold and LB Div at the low green fibo 118.225 2 HR: OPEN PRICE 120.404 120.108 ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: down Last EMA Alert Arrow: down Last...
Self Evaluation: well well well, that's 3 different divergence trends I have failed on miserably need to get my head round this more than anything else.

went short at smooth as per plan as that is what I was seeing, albeit against the 2 hr Romar (1st mistake) also the Divergence and everything else @100 fibo. confluence on 1 hr and 2 hr but obviously not enough against the divergence and 2 hr romar. to be fair I could have exited at almost BE 5 mins before due to news but didn't as this will stick in the head more.
screen shot to follow as its on phone.
Stop killing our Oceans, Stop using single use plastics.
  • #8,445
  • Mar 8, 2017 9:40am Mar 8, 2017 9:40am
Quoting jakdan
{image}{image}{quote} Self Evaluation: well well well, that's 3 different divergence trends I have failed on miserably need to get my head round this more than anything else. went short at smooth as per plan as that is what I was seeing, albeit against the 2 hr Romar (1st mistake) also the Divergence and everything else @100 fibo. confluence on 1 hr and 2 hr but obviously not enough against the divergence and 2 hr romar. to be fair I could have exited at almost BE 5 mins before due to news but didn't as this will stick in the head more. screen shot...
Hello Jakdan

Ok, lets start with the Daily. What is it telling you?

The 2hr Fib was flipping and you should have noticed that it was going to. The market had hit major support, and EMA was still above ROMAR on the 2hr. So this was a fib cycle down on the 2hr , at which point the market would return again to follow the Daily up. The other scenario here, and its still a possibility, is the usual battle with Daily ROMAR/EMA.

The absolute best and safest entry here was the either the close in the 2hr BB (a bar that also went through 2hr ROMAR, DB/SAR was attached, and also Divergence)or the following positive bar after it. Bear in mind that although 2hr ROMAR is close it is still acting as support (hence why your entry was bad), the major thing here was the Daily ROMAR as Resistance, so room had to be left to trade up to it.

Your 2hr will take you in and out with Cycles, either back into the Daily trend, or retraces counter trend (putting you in consolidation).

Your mixing up when to use the SAR as an entry, but luckily for you it isn't difficult for you to fix. Your SAR entry was yesterday, to trigger the divergence and trade down to the 2hr ROMAR, at which point your getting close to the 2hr Fib flipping back for the up.

Be very careful about trading divergence, after the first SAR entry, in consolidation, especially when your hitting ROMAR, and also closing in the BB. There was a 100% chance that this market was heading back up, keep going and trying and you will realise and understand.

I hope that helps mate.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,446
  • Mar 8, 2017 9:53am Mar 8, 2017 9:53am
Quoting shinny
{quote} Hello Jakdan Ok, lets start with the Daily. What is it telling you? The 2hr Fib was flipping and you should have noticed that it was going to. The market had hit major support, and EMA was still above ROMAR on the 2hr. So this was a fib cycle down on the 2hr , at which point the market would return again to follow the Daily up. The other scenario here, and its still a possibility, is the usual battle with Daily ROMAR/EMA. The absolute best and safest entry here was the either the close in the 2hr BB (a bar that also went through 2hr ROMAR,...
thanks Shaun, appreciate your time and comments.
Stop killing our Oceans, Stop using single use plastics.
  • #8,447
  • Mar 8, 2017 10:38am Mar 8, 2017 10:38am
Quoting shinny
{quote} Hello Jakdan Ok, lets start with the Daily. What is it telling you? The 2hr Fib was flipping and you should have noticed that it was going to. The market had hit major support, and EMA was still above ROMAR on the 2hr. So this was a fib cycle down on the 2hr , at which point the market would return again to follow the Daily up. The other scenario here, and its still a possibility, is the usual battle with Daily ROMAR/EMA. The absolute best and safest entry here was the either the close in the 2hr BB (a bar that also went through 2hr ROMAR,...
Hi Shaun. I have a question about yesterdays sar entry down to 2h romar you mentioned. Was that a good entry because of divergence? I thought that sar entries without db are bad in consolidation. Sorry if it's a stupid question.
Dreamer
  • #8,448
  • Mar 8, 2017 10:46am Mar 8, 2017 10:46am
Quoting shinny
{quote} Hello Jakdan Ok, lets start with the Daily. What is it telling you? The 2hr Fib was flipping and you should have noticed that it was going to. The market had hit major support, and EMA was still above ROMAR on the 2hr. So this was a fib cycle down on the 2hr , at which point the market would return again to follow the Daily up. The other scenario here, and its still a possibility, is the usual battle with Daily ROMAR/EMA. The absolute best and safest entry here was the either the close in the 2hr BB (a bar that also went through 2hr ROMAR,...
You're analysis is appreciated by the rest of us too. Tks Shawn
  • #8,449
  • Mar 8, 2017 11:02am Mar 8, 2017 11:02am
Quoting dudko777
{quote} Hi Shaun. I have a question about yesterdays sar entry down to 2h romar you mentioned. Was that a good entry because of divergence? I thought that sar entries without db are bad in consolidation. Sorry if it's a stupid question.
Hello mate

The next time a situation comes up with the DB/SAR, I will take some screenies to show you some differences, so hang in there!!!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,450
  • Mar 8, 2017 11:13am Mar 8, 2017 11:13am
Quoting shinny
{quote} Hello mate The next time a situation comes up with the DB/SAR, I will take some screenies to show you some differences, so hang in there!!!
Thank you so much!
Dreamer
  • #8,451
  • Mar 8, 2017 12:11pm Mar 8, 2017 12:11pm
A question for you tech savvy guys out there. As per the rules, I've placed my custom sound.wav in the sound alerts folder and it works as it should. However it also goes off at the opening of every 2H bar, which I find unnecessary, if not annoying. Is there some way I can turn the open bar alert off? (or am I wise not to?)
Thanks much.
  • #8,452
  • Mar 8, 2017 12:33pm Mar 8, 2017 12:33pm
Quoting dudko777
{quote} Hi Shaun. I have a question about yesterdays sar entry down to 2h romar you mentioned. Was that a good entry because of divergence? I thought that sar entries without db are bad in consolidation. Sorry if it's a stupid question.
I noticed that SAR attachment was also a Bollinger hit on 1H in consolidation. Is it the answer? Learning everyday
Dreamer
  • #8,453
  • Mar 8, 2017 12:46pm Mar 8, 2017 12:46pm
Quoting Retrogue
Upcoming news? 3pm GMT Closed MT4 after 17:00 EST? - Yes Market in balance? - No Date: 05/03/2017 22:00 Sydney session Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing -up Last EMA Alert Arrow - down Last DB Attachment up 121.160 Fibo up Notes: White and smooth crossed purple and now ema has followed in becoming support with romar resistance. The daily is in consolidation. Second Parabolic locking in uptrend. DB attached with magenta divergence on the other side of purple with a thistle price box. Candle opened...
Im still confused if this was a good entry or not. It did go for 40 in the end but only after over a day and with a big drawdown into sl first. I saw a few confluence factors but it stopped just before the 40 then market turned. The thing in my mind telling me it was bad now is the 1hr and 2hr parabolic trend down at my entry
Never Give Up
  • #8,454
  • Edited 1:18pm Mar 8, 2017 12:50pm | Edited 1:18pm
Quoting Retrogue
{quote} Im still confused if this was a good entry or not. It did go for 40 in the end but only after over a day and with a big drawdown into sl first. I saw a few confluence factors but it stopped just before the 40 then market turned. The thing in my mind telling me it was bad now is the 1hr and 2hr parabolic trend down at my entry
I think it was a good entry as in CONSOLIDATION Db+Sar+Divergence is an entry considering support and resistance. I was in that trade too. I think the reason TP was not hit is because of the 1H Bollinger Band hit with 2H Sar. Correct me if I'm wrong.
Dreamer
  • #8,455
  • Mar 8, 2017 1:03pm Mar 8, 2017 1:03pm
Quoting dudko777
{quote} I think it was a good entry as in CONSOLIDATION Db+Sar+Divergence is an entry considering Daily and 2H support and resistance. I was in that trade too. I think the only reason TP was not hit is because of the 1H Bollinger Band hit with 2H Sar. Correct me if I'm wrong.
My thinking was the fact it was against the 1hr and h2 parabolic and I remember the statement from dove about entering against parabolic means you are loosing your trades? Or the market went into tight consolidation and ranging very shortly after, so it didn't go for 40 straight away.
Never Give Up
  • #8,456
  • Mar 8, 2017 1:08pm Mar 8, 2017 1:08pm
Quoting Retrogue
{quote} My thinking was the fact it was against the 1hr and h2 parabolic and I remember the statement from dove about entering against parabolic means you are loosing your trades? Or the market went into tight consolidation and ranging very shortly after, so it didn't go for 40 straight away.
Yeah, I think it went into tight ranging with Bollingers also tight. What can I say... I've discovered Bollinger Bands today after ignoring them for more than a month!
Parabolics can be the answer too. Interesting what will Shaun or Dove say?
Dreamer
  • #8,457
  • Mar 8, 2017 1:10pm Mar 8, 2017 1:10pm
Quoting Retrogue
{quote} Im still confused if this was a good entry or not. It did go for 40 in the end but only after over a day and with a big drawdown into sl first. I saw a few confluence factors but it stopped just before the 40 then market turned. The thing in my mind telling me it was bad now is the 1hr and 2hr parabolic trend down at my entry
I think you were somewhat lucky because as you said you were not able to wait for the next candle open for entry so you entered early. If you look on the chart now, market went down 40 pips from that next candle open.
  • #8,458
  • Mar 8, 2017 1:12pm Mar 8, 2017 1:12pm
Quoting marian
{quote}I think you were somewhat lucky because as you said you were not able to wait for the next candle open for entry so you entered early. If you look on the chart now, market went down 40 pips from that next candle open.
Yes Marian, I think luck aswell as we should enter on 2hr open bar and that would have hit sl
Never Give Up
  • #8,459
  • Mar 8, 2017 1:26pm Mar 8, 2017 1:26pm
Hello all

The SAR yesterday:

I didn't trade Monday (travelling) or yesterday, but would I have taken that trade? The main negative is the Daily ROMAR. Some of you have mentioned that the market just stopped - but nobody has mentioned that the Daily ROMAR was the reason.

Almost a month to the day, we had a similar situation with the Daily. ROMAR and EMA have a love/hate relationship with each other, they need each other but when they get too close for too long they fight it!

Regards the SAR yesterday, its not a great trade, because of the situation on the Daily. There were some confluence factors however, someone mentioned the 1hr BB, with them been so tight there was going to be a break somewhere. With the Fib situation on the 2hr, plus the divergence and the SAR, that break was likely to be south to set up a move back up. The market has been very tight all this week. It wasn't the best example of when to use a SAR, but there you go. If you didn't get involved in that market - then I don't think that's a bad idea. Its been tight and you need to get your entries spot on to make profit.

Always remember the Daily, and particularly how messy things can get when ROMAR/EMA are close to one another. The best S/R in these situations is the one's on the outer extremes of the market - the BB's. They are always going to be the top or bottom at the extremes in consolidation, so you know that your buying or selling at a good area. As mentioned before, a 1hr BB hit isn't enough to initiate a trade, but it can add to your confluence factors.

Can anyone say, on the Daily chart, what is different to this time last month? Its not a trick question, and there is no stupid answer, just what do you see?

Answers on a postcard.......

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #8,460
  • Mar 8, 2017 1:32pm Mar 8, 2017 1:32pm
Quoting shinny
Hello all The SAR yesterday: I didn't trade Monday (travelling) or yesterday, but would I have taken that trade? The main negative is the Daily ROMAR. Some of you have mentioned that the market just stopped - but nobody has mentioned that the Daily ROMAR was the reason. Almost a month to the day, we had a similar situation with the Daily. ROMAR and EMA have a love/hate relationship with each other, they need each other but when they get too close for too long they fight it! Regards the SAR yesterday, its not a great trade, because of the situation...
Last month Purple, White and Smooth were support and EMA was resistance, holding the market from breakout. This time EMA is support. ROMAR has crossed EMA for the downtrend, then market tested ROMAR, and now we will see whether or not ROMAR will hold resistance.
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