The Paradox System

Unfortunately, I didn't screen shot the Daily for that trade. However, I imagine the Daily could have been been around a significant level of the FIBO for support. Another detail to be considered!

If we're discussing the same trade, My Daily open note states: Open at 23.6 FIBO!

Hope that helps!

Yes, it opened at 38.2 fibo, the trading plan is in the post #8388.

In the picture I made about how your D1 would have looked like, I drawed 38.2 level there, in green. Would it mean it was a support (green) and not resistance and could it be the difference between what happened in both operations? Because on both D1 seems similarly unbalanced but only on the up one had a green fibo 38.2 level right at the market price.

Hmmm, I'm thinking about this, thanks again Chad!

Pablo - your problem is analyzing and not seeing the big picture. What made the difference as I had said is the BALANCE has priority over everything. Study the balance and you will see the difference.

That was one nice gap of 360+ pips. It may take 2; maybe 3 days to close the Daily Gap. Got my first 40 for the week on the short off the next open candle at 18:00 ET.

[quote=dove_alliance;9781973]OK Pablo let me go through your trading plan and help you in what you should be seeing. To start with confluence is from bar to bar; and as you create your trading plan you want to see the confluence being created (or already created) on one objective and not many. ......

Hi Dove,
Have edited out the bit of your post that does not relate to my Q. Sorry if i shouldn't.

I have similar analytical brain to Pablo. My brain can be a strength and a stupidity at the same time.

Why do we need to look for the one only objective instead of many?
Miyamoto Musashi states that the only purpose of the sword in battle is to cut.
& thus implies that anything else that one is thinking or trying to do in this matter is superfluous & wasted energy.
In healthcare setting i work in our objective being = Airway, Breathing, Circulation. Looking at and dealing with anything else during a critical event including emotions is a waste of valuable time and effort. Edit: in CPR event - Follow the CPR rules in accordance with objective.

Am i half right to say that; in trading we are looking for the trend plus a point in time for entry that tips the balance into our favour for things to go our preferred way?

I feel i have figured it out myself now by just typing up the Q . . .

A = There can only be one objective at any one moment in time.
Edit: in trading Paradox - follow the rules in accordance with objective.

If i am correct, i hope this helps somebody out there as well.

Nice. I may have done that too if i had of remembered to switch my wifi on for the new MT4 side of my computer that i set up last week. have been sitting around waiting for things to kick off so i could finish my plan. It's on now.....habits are good - sometimes.
I laugh at myself.

I had highlighted this last week from one of Chad's trading plan:

Side Note: As Dana has mentioned before, when I make my plan by the time I get to final notes I know if I will be entering a Long or Short position. I never have the option for both. Im either going Long off support, or going Short off resistance. Based on what the indicators are saying to me after I read it back to myself. The only thing to think about after that is determining which level of support or resistance to keep it simple.

And this why Chad is one of the 5% - he does not analyze anything but trade only what the objective is saying with the trend. By the time he is finished with his trading plan he already knows the OBJECTIVE. Either pulling the trigger going short or long; and nothing in between.

Oh man. Do i have to be 1st again?

Date: Eur/Jpy 24-4-17 0800 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment 120.672
Fibo up or down Up
Notes: Full Up Trend. Huge gap between last close & todays open. White about to cross EMA.
2 HR:
OPEN PRICE - 120.136
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 120.672
Fibo up or down Down
Notes: Full Up Trend. BB Hit.
1 HR:
ROMAR - Support
EMA - Support
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 Up
Notes: Horsemen steep up turn with EMA cross of Smooth.
Market News For EUR/JPY/USA. EUR in 9 hrs
Final Notes: Huge gap from last week. H2 BB hit - if hits BB expect a move to at least EMA - however this is against full 3 chart trend up. Market above daily ROMAR. 80 pips from daily ROMAR
Entry: Short right now. Lesson to learn here - based solely on the gap + if hits BB expect a move to at least EMA.
Evaluation: PT 0910hrs Sydney time. Screen shot posted shows entry.

[quote=OliveBranch;9787030]Oh man. Do i have to be 1st again? ......

Evaluation: PT as per plan. TP/SL set. TP40
I feel this was a good plan before i pulled the trigger and plan worked.
Starting to get an ego after these last few days of trading - must keep this emotion in check. Confidence is high.

I'm off for the day good people. Best of trading for your day.

[quote=OliveBranch;9787177] Oli - I wonder what your trading plan would had been like if it was not for my post before your treading plan. Which means I was in and out before you posted your trading plan and entry.

While I'm thinking about it - your trading plan is wrong.

I can see you're trying to clean up your trading plan: Here is the Plan you originally posted and your plan is totally wrong. Now - lets see if you can clean it up right. In fact - the majority of your trading plans are more wrong than right.


Oh man. Do i have to be 1st again?
Date: Eur/Jpy 24-4-17 0800 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 120.672
Fibo up or down Up
Notes: Full Up Trend. Huge gap between last close & todays open. White about to cross EMA.
2 HR:
OPEN PRICE - 120.136
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 120.672
Fibo up or down Down
Notes: Full Up Trend. BB Hit.
1 HR:
ROMAR - Support
EMA - Support
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 Up
Notes: Horsemen steep up turn with EMA cross of Smooth.
Market News For EUR/JPY/USA. EUR in 9 hrs
Final Notes: Huge gap from last week. H2 BB hit - if hits BB expect a move to at least EMA - however this is against full 3 chart trend up. Market above daily ROMAR. 80 pips from daily ROMAR
Entry: Short right now. Lesson to learn here - based solely on the gap + if hits BB expect a move to at least EMA.
Evaluation: PT 0910hrs Sydney time. Screen shot posted shows entry.

Hello Traders,

Here is this evenings trade plan. I also included the Daily screen shot along with the H2 for review. Hope this helps! I missed my planned entry by about 7 pips, and paid it no mind, as it is a very strong up trend!

My final notes pretty much some up this trade plan, motivation, and execution.

Best Regards,

Chad


Session Sydney: EUR - JPY 4/23/2017

Daily: Open 372 pips from previous close. 162 pips above ROMAR.
ROMAR: Resistance
EMA: Support
Parabolic: Support
Notes: Purple crossed White, Smooth, and EMA up. EMA crossed Purple for the up. DB up with MAGENTA DIVERGENCE attached. PSAR flipped for the up. FIBO up.


H2
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Four Horsemen steep up. DB up, with SAR attach and MAGENTA DIVERGENCE attach at 0.00 FIBO. Trend EMA arrow up. MACD zero cross arrow up. FIBO down.

H1
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Four Horsemen steep up. Trend EMA arrow up. MA cross over arrow up. MACD zero cross arrow up. FIBO down.

FINAL NOTES: H1, H2, and Daily in sync with up trend. Will enter long position off H2 support. I will make long entry off H2 Purple, and Daily ROMAR confluence.

Adjustment:

Long: Entered long position off H2 Purple at 38.2 FIBO and Daily ROMAR. Set TP +40 SL 40.

Result: Took + 40 pips from the market.

[quote=dove_alliance;9787191] Have come back : my son has advised you have asked Q's of me.

I had wondered this same thing as well when i finalised the plan. I was well aware you had finalised your exit by the time i started my new plan.

However, this is how i'm working as best as i can
I'm currently in emulation mode of role models here, not copy mode. Copy is good to a point but i'm trying to learn to be interdependent here on this thread & then independant & then helper if asked. This is part of the reason i got paranoid the other day. Your post got me to thinking and emotions overwhelmed me on that day.

You can see the time stamp from my realisation that i was not actually connected to the wifi on windows (only realised why MT4 seemed be a late starting the session when i saw your post - i run on a mac and for MT4 have swapped over to Windows last week because the CPU on the MAC (the wine app) & CPU was going overboard at 95-103% in use whilst the paradox is running for longer than 5hrs+. So Paradox MT4 is now run on Parallels Windows emulator and CPU only gets to 30% in use - computer is much happier and runs faster now so i can run both of my other business interests stuff software on the mac without all these delays i've been experiencing since starting the Paradox - computer was fine before that - bought a new mac - did the same thing - anyway, problem solved. All is good). Perhaps the increase use of CPU is due to until this week (have stopped since Wed last week), i have been practising on other currencies as well as the EURJPY in order to "fail faster" as one of my mentors say may be indicated at times - this negative re-inforcement of failing faster can be a good lesson builder for the right personality who does not generally get embroiled in emotions regardless of if win or lose lesson only that matters. Wax on wax off over and over and over. Put the jacket down - pick up the jacket, over and over and over. Both references to movies. Lessons learned by repetitive osmosis in disciplined people who are used to failures over and over without getting discouraged. Un-recommended way to learn for undisciplined people. Do not do unless prepared emotionally and physically to fail 95% of the time. Learn discipline 1st, then ask mentor if ok to proceed.
Have learned what i needed in other currencies (failed much much more over and over) & this week (from today) is changed learning solely and for the rest of the time here with EURJPY till 80% positive trades. Not sure what to do after that - not there yet by a long shot.

So, anyway, getting back to my plan - when i entered & posted my plan compared to when i responded with "i may have also done that" or what whatever i said regarding your entry plus the 2-3 days hint you gave, was the time time it took me to re-write my plan from scratch & i was rushing in this case as i was probably missing an opportunity to short because in the past you have said that something like - if the trade goes 60-80 we have most likely missed the boat. I had to redo my entire plan from scratch because it was so different from closing of Friday's to today's open. I did not enter until plan was finalised. PT before posting plan - i know, but didn't want to miss boat. Perhaps wrong - but the plan i made says not wrong to me and i will explain in answering your next Q in next post.

All the above is not arrogance in any way shape or form nor ego. I mentioned ego because, as my teacher, teacher can't see me & needs to know how elated i am after the last 4 trade sessions so that you can slap me down when i need to be slapped down - & i need to be honest about how i feel to you and to myself so when i dig myself into a hole, i can then learn how to get out of it. . . Too much confidence is not necessarily ego, too much confidence can be inexperience just a waiting for a fall though. There is a difference. Because nobody here see any body language nor inflections in my voice i do the best i can in written format in letting you know where i feel i am in relation to my learning. Never is there arrogance tones in any words, i try to write in a clear & concise manner & write them as i would say them out loud to people right in front of me.

DaLai Lama said in an TV interview "one must always be honest". Though i add, one must see the truth in that honesty and truth are two separate things. eg: Just because i say that my plan is right does not mean that my plan in truth is right & the difference between what the truth is and being honest is where any discrepancy sits and awaits for the truth to unfold and further one's learning. Another example: if i can honestly believe that if i jump off a cliff and flap my arms i will fly. & people have in history done just this.....If i also do just that & jump of a cliff and flap my arms with astounding belief in my abilities then i will surely fail. In this way, honesty and truth are separate entities and are just a part of all the tools we use in how we make ourselves successful or not in our endeavours.
I am looking for truth. Looking for objective.

I see nothing counter to my plan at that moment in time because of the space (pips) between where i was in the moment and the H2 Purple ?180+ pips and also where the 38.2 fibo was, plus there was a huge room from between entry and the Daily ROMAR. I could probably go on and on and analyse everything but you have taught to use imagination not analysis on it's own. If i had of finalised my plan at 2000 ET then things may have been seen differently by myself but again - just like our mutual speculation of would i have done what i did this trading session if you had not showed what you did earlier? I do know i would not have entered as early as Hendo has though. My confidence is not this good, nor would i have seen it. I probably would have planned for a Smooth or EMA Support instead - but again, speculation.

I was also looking for retracement to H2 EMA as a possible entry Long depending upon the moment. This is not happened yet. We'll see if this happens. But everything screamed at me for the short before the market dived too far to get the 40.

I believe what you are trying to teach is to see the future based upon the truth of the indicators is showing us all. These past 7 days i feel i have learned lots. More than in the past 4 months. I know i do not know everything and i certainly don't want to copy cat anyone because out on the street, the street doesn't care if Dove is my teacher. It does not care about my ego. It does not have emotions at all. It's a graph representation of the market right here right now just like how the Author of Trading in the Zone says it is. The market will trash the unprepared.

You're teaching a fantastic "edge" (never heard of this terminology before this year) & i'm trying my best to emulate you and the other seniors without causing any embarrassment to others and in as quick as i can get it so as not to take up too much of your time. But not too fast and become sloppy. With balance. I'm sure you're getting my drift.

Once I have emulated, then i aim to become proficient. Copy, i will not.

If my plan was wrong, then it is fact that i was lucky & i learn nothing today. & I must take responsibility. Us all can hardly expect me to sugar coat it any other way. Truth is all that matters. Honesty is 2nd but they intertwine to make one.

Edit: Hang on a minute.
daily ROMAR was resistance, not support. Rechecking again for the 3rd time back shortly.
H2 MACD was up
H2 EMA was up

And so the self evaluation of me being lucky today is correct.
My rush caused written errors in my plan. So there we have it. Problem solved - don't rush Oli - settle down, there's always another trade. Lesson Learned.
I would have still chosen the same entry in the moment if i used these correct transfer of data onto the plan.

Thank you Dove.

Chad

Its great to see all the hard work you have put into learning the Paradox pay off. Folks, here is somebody who doesn't have an ego and who just writes on his plan what is happening in front of him. Then he trades it and takes his +40.

Well done Chad, and keep it up.

Shaun

Pablo - Chad's trade is a perfect example of "Balance". The balance was on the H2 chart. Purple being support he took the hit on Purple for the balance. The Daily had a 360+ pip gap and it too must be balanced and with the gap which could take another day or two for it to balance with Purple. There are other elements on the Daily which is also out of balance.

I hope this helps you in seeing the bigger picture.

Oli - I am very good as a teacher because I can see everything in the moment and also when someone is looking for ways to beat the system with short cuts. You post a trading plan as fast as you can so you can enter a trade as quickly as possible. And most times your trading plans are showing mistakes. Another major problem you are having is not applying the rules for your entries - and the reason is because you do not know the rules.

That is how faith is built and your believe system comes into play - by knowing the rules of trading. If you back track all of your trading plans you will see how the rules are not applied. There are times you get lucky because you pulled the trigger into the trend. Trading is not about getting lucky with excuses - it is about knowing with knowledge. Your problem is not solved Oli; not until you understand the rules is truth - and it is not what you think.

I can only give what I see and the rest is up to you.

Shaun,

Thank you for the kind words. Your postings of entries helped me tremendously in learning the Paradox. I greatly appreciate everything you have contributed to this thread.

You and Dana don't have to do what your doing for all of us, and believe me it is not a wasted effort. Thank you both for your continued support!

Best Regards,

Chad

Oli,

If I may make a suggestion with regards to your plans. Try fully writing out what you're seeing on the chart.

Example: Notes: Purple crossed White, Smooth, and EMA up. EMA crossed Purple for the up. DB up with MAGENTA DIVERGENCE attached. PSAR flipped for the up. FIBO up.

Then read the whole plan back to yourself before you get to Final Notes. Dana has stated, that the Paradox is telling you a story. It's telling what is happening, as well as what is going to happen. In the beginning you will get a better understanding of what is happening. After you have a better understanding of the rules, you will begin to see what is going to happen.

Try to keep it simple, sometimes less is more. Your plans at first glance can be somewhat dizzying!

Give it a try and see what happens.

Best Regards,

Chad