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The Paradox System

  • #8,741
  • Mar 26, 2017 9:08pm Mar 26, 2017 9:08pm
Quoting tullegate
{quote} Once again, it wasn't a winning trade. I genuinely have no idea why it didn't work. I guess I have to study more.. even though I've reread every post 100 times. You know, just a little backstory on me. I'm definitely not a self-righteous person who thinks they know it all. I'm actually a really hard worker and a great listener, I have 3 degrees, so I know how difficult studying and mastering concepts can be. But when I was getting my degrees, I always wanted more. And I'm not talking about money. I'm talking about more out of life and experience....
read shinny and elfro's post，than you will know why you fail today，sar attached top，4 horesman tight，resistenence over daily chart
  • #8,742
  • Mar 26, 2017 9:51pm Mar 26, 2017 9:51pm
Quoting tullegate
{quote} Once again, it wasn't a winning trade. I genuinely have no idea why it didn't work. I guess I have to study more.. even though I've reread every post 100 times. You know, just a little backstory on me. I'm definitely not a self-righteous person who thinks they know it all. I'm actually a really hard worker and a great listener, I have 3 degrees, so I know how difficult studying and mastering concepts can be. But when I was getting my degrees, I always wanted more. And I'm not talking about money. I'm talking about more out of life and experience....
Tullegate - take a breather and lets talk about what is going on. For one thing your trading plan is not relevant for trading. The reason is because you are not covering the WHOLE PICTURE. When the market opened you had the SAR attached. That alone is telling you there is no long in the foreseeing. On the next bar you had the DB with divergence; with the market going sideways. And your plan is not showing this. You also had both the H1 and H2 ROMAR's in the downtrend with the Open Daily ROMAR crossing EMA for the downtrend. So what is the basic rule for trading? The answer is never counter-trade the trend. When you break the rules of trading it will always go against you. If you do not apply the rules to your trading you will surely continue to be frustrated.

When you lose a trade you must stop being frustrated and be calm; and search the reason or reasons why you lost that trade. And the reason is always has to do with the rules - always. If you are trading within the rules your trades will begin a different curve then what you are experiencing now. Doing the same thing over and over again is only taking you around the same mountain. The rules of trading is part of the "edge". So instead of thinking about giving up - begin a journey of creating your edge with the rules. If you don't apply the rules you will only continue around that same mountain.

I remember very well how I had to learn the rules for all my trades. In fact - I had to learn in applying the rules within my trading plans to be sure the rules were applied before pulling the trigger. That too is always part of my edge. If I traded against the rules then I knew my trade was a loser.

End your frustrations and see things in a different light. If you go back to all your trades you would see the rules being applied were winning trades. The trades that lacked the rules were your losing trades. This is a new beginning for you; so lets keep working on it and one day the light bulb will turn on for you. You just have to keep at it and work on fixing the problem.
The Dove - Forex Trainer
  • #8,743
  • Mar 26, 2017 10:23pm Mar 26, 2017 10:23pm
Date: Eur/Jpy 0900 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 119.313
Fibo up or down Down
Notes: Full Down Trend. ROMAR crossed Smooth.
2 HR:
OPEN PRICE - 120.159
ROMAR - Resistance
EMA - Resistance
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment 120.256
Fibo up or down Up
Notes: Consolidated Up Trend. Purple sliding with Smooth.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment N/A on 1hr charts
Fibo up or down Down
Notes: Consolidated Up Trend. Hit on ROMAR Resistance.
Market News For EUR/JPY/USA.
Final Notes: Daily Full Down Trend - previous candle is down & at Purple. H2 Consolidated Up Trend. Previous H2 PSAR Support hit noted. H2 Purple has not crossed Smooth nor EMA = slider. Trend is still sliding for up. H1 Consolidated Up Trend.
Entry: Check on Sunday’s candle. If slider continues then Long at open candle for 40.
Adjustments: Just didn’t look quite right for long on open - too far away from PSAR & no SAR detachment from DB. Re-evaluate on next H1 candle.
Evaluation:
Entered Long on H1 2nd candle after open of Sydney session (1000hrs). Had hit the H1 38.2 down Fibo, which was also down onto the H2 38.2 up Fibo H1 & H2 PSAR are Support. Target is the H2 ROMAR.
Market turned the Purple down 1 hr after entry. H1 had hit the H1 ROMAR plus the daily was Full Down trend. With a full down trend on the daily and consolidation on the H2 it would have been more prudent to wait for a breakout of the slider for a Long. Lesson = did not wait for the break out + the daily was down at purple when the H2 was still a consolidation slider. The H2 also already had a PSAR hit for a down. Right now, I do not recall any instances whereby the H2 PSAR has been hit more than once during a H2 trend & gains TP40 for both hits - food for thought & research.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 Final 2017-03-27 at 12.32.05 pm.png Size: 137 KB
If you make up your own rules then the story is sad.....
  • #8,744
  • Mar 26, 2017 11:12pm Mar 26, 2017 11:12pm
[quote=dove_alliance;9710404]{quote} Tullegate - take a breather and lets talk about what is going on. For one thing your trading plan is not relevant for trading. The reason is because you are not covering the WHOLE PICTURE. When the market opened you had the SAR attached. That alone is telling you there is no long in the foreseeing. On the next bar you had the DB with divergence; with the market going sideways. And your plan is not showing this. You also had both the H1 and H2 ROMAR's in the downtrend with the Open Daily ROMAR crossing EMA for the downtrend. So what is the basic rule for trading? The answer is never counter-trade the trend. When you break the rules of trading it will always go against you.

Aha! moment on the 3 chart ROMAR. Limitation of focus was microscoped to the H2 PSAR, not the whole- for today's plan. Getting there.
Thanks Dove
If you make up your own rules then the story is sad.....
  • #8,745
  • Mar 26, 2017 11:51pm Mar 26, 2017 11:51pm
I've had questions on how one can gain an "edge"?

One great thing about the Paradox is that the variables are endless. Which means each variables has it owns scenario, and the edge on each scenario is also limitless.

So lets look at a few entries as an edge.

Parabolic
SAR
ROMAR

The edge for entries are:

A hit on the Parabolic
The attachment of the SAR
A Hit on ROMAR

These are just a few to get you started. As you noticed the "edge" is with support and resistance. The scenario with each of the three has their own rules for entries. All you need to do is study the rules for each of the three and use the rules for entry on each one - and you will see a dramatic change in your trading.
The Dove - Forex Trainer
  • #8,746
  • Mar 27, 2017 12:54am Mar 27, 2017 12:54am
Date: 27/03/17 06.31 GMT

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 119.313 with SAR
Fibo: Down

Notes: The Daily has the 4 horsemen in a down trend EMA just crossed ROMAR for down Trend. DB and LSB attached to carry on the down. Fibo red. Daily in Balance.

2 HR:
OPEN PRICE – 120.162 – 119.689
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 119.595 with SAR
Fibo: Up

Notes: The 2 hour has the four horsemen turning down with the ROMAR trend, DB with LSB attached confirming the trend. EMA before MACD.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: N/A
Fibo: Down

Notes: The 1 hour has the four horsemen Heading down market going sideways for the last 5 hours.

Final Notes for all three charts: the market is in full blown Down trend The Daily is in Balance and still heading down.
Entry:
Consolidation:
Long:
Short: Going to have to be patient for another Short off Resistance.

NEWS: German IFO 9.00 GMT
Stop killing our Oceans, Stop using single use plastics.
  • #8,747
  • Mar 27, 2017 2:53am Mar 27, 2017 2:53am
Quoting miau1
{quote} No big gap against me, so took the entry at opening price: {image}
Trade result: TP for 40 pips.

Self evaluation: Came to check before the red news and price moved away from H1 ROMAR and H2 SAR/DB setup with divergence. D1 confirmed the ROMAR/EMA crossing.

Attached Image (click to enlarge)
Click to Enlarge Name: 141b.png Size: 397 KB
"Know thyself."
  • #8,748
  • Mar 27, 2017 8:22am Mar 27, 2017 8:22am
Hello everyone,
I have a question. There was a big retracement up recently and now market is above 2h parabolic. I changed line width of gold divergence and see that it attached, but I did not see it back then because of contour line. Is it alright to keep divergence line fat or was it just eliminated by contour line? Also gold/green divergence is often behind blue/magenta divergence and cant be seen.
Dreamer
  • #8,749
  • Mar 27, 2017 11:37am Mar 27, 2017 11:37am
When the SAR attached a few hours ago just above the parabolic on H2, was there any indication then that the market would continue to push north and for db to attach?
Could the daily range have conveyed that the SAR and parabololic were not a stoppers? or anything else I'm missing.
Thanks
Nigel
  • #8,750
  • Mar 27, 2017 12:32pm Mar 27, 2017 12:32pm
Quoting nigpig
When the SAR attached a few hours ago just above the parabolic on H2, was there any indication then that the market would continue to push north and for db to attach? Could the daily range have conveyed that the SAR and parabololic were not a stoppers? or anything else I'm missing. Thanks Nigel
Yes - you are missing a lot - the Daily Smooth and the H2 ROMAR resistance. The Daily BAR is up and the market is ranging.
The Dove - Forex Trainer
  • #8,751
  • Mar 27, 2017 12:38pm Mar 27, 2017 12:38pm
Quoting dudko777
Hello everyone, I have a question. There was a big retracement up recently and now market is above 2h parabolic. I changed line width of gold divergence and see that it attached, but I did not see it back then because of contour line. Is it alright to keep divergence line fat or was it just eliminated by contour line? Also gold/green divergence is often behind blue/magenta divergence and cant be seen.
I think I found the answer
Dreamer
  • #8,752
  • Mar 27, 2017 12:45pm Mar 27, 2017 12:45pm
Quoting dove_alliance
{quote} Yes - you are missing a lot - the Daily Smooth and the H2 ROMAR resistance. The Daily BAR is up and the market is ranging.
Thank you Dana, I now see the confluence of the Daily Smooth and H2 Romar as resistance and the fact we are ranging. The SAR attachement and PSAR were almost in the middle between support and resistance and the market is not going to stop there when ranging - in the middle. I will study some more and thank you for this lesson.
  • #8,753
  • Mar 27, 2017 12:50pm Mar 27, 2017 12:50pm
What you traders are missing is the Daily chart and what is happening on that chart. The Daily is ranging and the reason is very clear - ROMAR.
The Dove - Forex Trainer
  • #8,754
  • Mar 27, 2017 1:07pm Mar 27, 2017 1:07pm
Quoting dove_alliance
What you traders are missing is the Daily chart and what is happening on that chart. The Daily is ranging and the reason is very clear - ROMAR.
Now when I look again at the Daily I see ROMAR crossing EMA for the down. Both are resistance. I see the recent DB connection with Gold divergence at the bottom which means the next connection is at the top somewhere in the future. These two are relatively close together. We have the last 3 to 4 days ranging in between.
  • #8,755
  • Mar 27, 2017 2:27pm Mar 27, 2017 2:27pm
Quoting jakdan
Date: 27/03/17 06.31 GMT Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 119.313 with SAR Fibo: Down Notes: The Daily has the 4 horsemen in a down trend EMA just crossed ROMAR for down Trend. DB and LSB attached to carry on the down. Fibo red. Daily in Balance. 2 HR: OPEN PRICE 120.162 119.689 ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 119.595 with SAR...
wasn't patient enough. thought it had to go down, went short off 1hr ema and 2 hr smooth all still pointing down except 1 hr white just crossed purple.
too focused on the full downtrend? anyway another day another$ lost.
thought i was looking at big picture obviously not
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1945.PNG Size: 137 KB
Stop killing our Oceans, Stop using single use plastics.
  • #8,756
  • Mar 27, 2017 3:54pm Mar 27, 2017 3:54pm
# 148 Date - 27/3/2017

D1: (Purple balance: Down)
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - 119.313
Fibonacci - Down
Notes: Medium impact news in less than 2h. D1 showed his real face because EMA was not a slider, price is on smooth resistance.

H2:
ROMAR - Resistance
EMA - Resistance & Support
PSAR Support (almost 40 pips)

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 120.306
Fibonacci - Down

Notes: Magenta divergence for the down where price almost touched ROMAR, the recent consolidation on this chart means next swing for the short is in the makings.

H1:
ROMAR - Support (and is close)
EMA - Support
PSAR - Support

Check List:
Fibonacci - Down
Notes: ROMAR being that close after crossing EMA makes me be aware of the short.



Final Notes for all three charts: I see inconsistence between H1 and the other charts, I dont like the place where ROMAR is located to take a short.

Entry:

Short: If ROMAR crosses EMA again in H1, then Ill make readjustments to take a short if the main H2 chart and D1 still support it in the moment, until then no entry for me against H1 ROMAR support.

Attached Image (click to enlarge)
Click to Enlarge Name: 148a.png Size: 391 KB
"Know thyself."
  • #8,757
  • Mar 27, 2017 4:03pm Mar 27, 2017 4:03pm
guys

anyone help me out with DST GMT? does the 2 hr now open at odd numbers, cant think straight anymore cant get my head round post
if it wasnt funny i would cry
Stop killing our Oceans, Stop using single use plastics.
  • #8,758
  • Mar 27, 2017 4:13pm Mar 27, 2017 4:13pm
Quoting jakdan
guys anyone help me out with DST GMT? does the 2 hr now open at odd numbers, cant think straight anymore cant get my head round post if it wasnt funny i would cry
Hi mate yes I believe so. Sydney still opens at 10pm tokyo at midnight, but the 2hr candles open at 9pm or 11pm for example tonight. New daily candle at 1am now aswell.
Never Give Up
  • #8,759
  • Mar 27, 2017 5:01pm Mar 27, 2017 5:01pm
Quoting jakdan
guys anyone help me out with DST GMT? does the 2 hr now open at odd numbers, cant think straight anymore cant get my head round post if it wasnt funny i would cry
Even is what I have...but...I'm feeling the same way you're feeling
  • #8,760
  • Mar 27, 2017 6:35pm Mar 27, 2017 6:35pm
Quoting Retrogue
{quote} Hi mate yes I believe so. Sydney still opens at 10pm tokyo at midnight, but the 2hr candles open at 9pm or 11pm for example tonight. New daily candle at 1am now aswell.
The market closes and opens with the 17:00 ET BAR.

On Daylight Savings Time the MT4 platform is on even numbers.
On Daylight Standard Time the MT4 platform is on odd numbers.

The only chart that is accurate with the MT4 is the H1 and charts below the H1 for both EST and ESDT.

The Daily chart changes its bar on the MT4 at 19:00 EST (Standard time - odd numbers) and 20:00 ESDT (Daylight Savings Time - even numbers).
The Dove - Forex Trainer
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