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The Paradox System

  • #9,121
  • Apr 25, 2017 11:26am Apr 25, 2017 11:26am
Also take a look at another entry going long with the open at Smooth above Purple/EMA on the swing going back up and it is still climbing. If you traders pay attention to everything that has been posted you would learn.
The Dove - Forex Trainer
  • #9,122
  • Apr 25, 2017 2:12pm Apr 25, 2017 2:12pm
Quoting dove_alliance
{quote} One of the rules for consolidation is trading both ways. You have to always remember - every indicator within the Paradox ARE BOTH SUPPORT AND RESISTANCE. Depending on crossing will define the indicator as support or resistance. And as Hendo had mentioned - I use Smooth for a lot of my entries. And why is this? As I have mentioned many times - Smooth is a weapon for entries on an open candle above Smooth for the long and below Smooth for a short. Go take a look at the Open Bar yesterday with the open candle below Smooth at Purple for my...
Thank you for always helping us Dana. I greatly appreciate the support and guidance.
"Cast your burden upon the Lord and He will sustain you"
  • #9,123
  • Apr 25, 2017 5:28pm Apr 25, 2017 5:28pm
Quoting dove_alliance
SCENARIOS FOR SUPPORT AND RESISTANCE ON THE H2 ONLY Scenarios for ROMAR: ROMAR below EMA and Purple gives ROMAR the power for an uptrend. ROMAR above EMA and Purple gives ROMAR the power for a downtrend. EMA is the sub-power working with ROMAR on both uptrend and downtrend. ROMAR crossing Purple changes ROMAR in being both support and resistance until ROMAR crosses EMA in changing the trend; or sliding under EMA for a continuance of the original trend. The market hitting ROMAR under Purple in an uptrend and closes below ROMAR. The Market will return...
This has been of tremendous value. Thank you.
If you make up your own rules then the story is sad.....
  • #9,124
  • Apr 25, 2017 6:53pm Apr 25, 2017 6:53pm
Date: Eur/Jpy 0920 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment 121.631
Fibo up or down Up
Notes: Consolidated ROMAR Down Trend. 4 Horsemen steep up with EMA about to cross Smooth on next candle or perhaps 2 - always wait for confirm. Market bounce off ROMAR Up. Almost touching upper BB. with magenta divergence with a white box. There is an imbalance of Purple of 260 pip.
2 HR:
OPEN PRICE - 121.277
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing Up
Last EMA Alert Arrow Up
Last DB Attachment 121.631
Fibo up or down Down
Notes: Full Up Trend. Magenta box divergence with a green divergence hit. Market is close enough to 300 pip from ROMAR. Recent BB hit - but has since had sideways movement since of the last 3 candles with a open under purple right now.
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 Down
Notes: ROMAR Up Trend. Purple crossed white at the zero Fibo eliminates PSAR. Market is close enough to 200pip away from ROMAR Support.
Market News For EUR/JPY/USA. 14.5 hrs time
Have i double checked all of the above Yes or No. If No stop & go do it or be a fool.
Final Notes: H2 Trend is up. H2 BB Hit with sideways movement since but has moved 20+ pips down already, may have already missed the move down. Daily ROMAR is close to BB. Imbalance of Purple on the Daily. H1 may be turning. There can be only one (objective) - choose. Choosing imbalance of Purple & hit on BB Daily+H2 charts + daily ROMAR Resistance.
Entry: Decision made @ 0920hrs -Short when H2 Purple Crosses Smooth & followed by Purple crossing EMA immediately on the next candle.
Adjustments: 0930hrs - Just read "BALANCE has priority over all else" post 9056. Enter immediately. Put faith in this aspect of rules in trading today...& put a stop this useless hesitating for the past 1hr. There can be only be one objective.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily EURJPY 2017-04-26 at 8.17.32 am.png Size: 123 KB
Click to Enlarge Name: H2 Entry EURJPY Entry 2017-04-26 at 9.33.09 am.png Size: 123 KB
If you make up your own rules then the story is sad.....
  • #9,125
  • Apr 25, 2017 7:02pm Apr 25, 2017 7:02pm
Quoting Hendo
{quote} Oli, If I may make a suggestion with regards to your plans. Try fully writing out what you're seeing on the chart. .....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
Thank you Chad - Shall give it a crack. Less is more - got it i think.
If you make up your own rules then the story is sad.....
  • #9,126
  • Apr 25, 2017 7:35pm Apr 25, 2017 7:35pm
Quoting dove_alliance
{quote} 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...
Ok. Thank you very much for your feed back. Your problem based learning (PBL) system of teaching is exceptional. As your assessment must be correct in that i am trying to short cut it, I will aim to post 2 plans a week from here on and concentrate on understanding the rules. Then applying them into the plans appropriately. Luck has no place here.
I will also concentrate on keeping my plans minimalistic and simple as per Chad's suggestion.
Lastly I pledge to keep my inputs to as close as i can to 5 sentences or less. Written communication has always been difficult for me and is one of the demons i bring here onto his thread. Is not intentional & am trying to improve.
If you make up your own rules then the story is sad.....
  • #9,127
  • Apr 25, 2017 8:02pm Apr 25, 2017 8:02pm
[quote=OliveBranch;9796477]Date: Eur/Jpy 0920 Sydney Time CHECK NEWS RELEASE BEFORE TRADING Yes - if No...... STOP .....do not proceed with Plan Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing Up Last EMA Alert Arrow Up Last DB Attachment 121.631 Fibo up or down Up Notes: Consolidated ROMAR Down Trend.....

Evaluation: SL40 hit. There is a strong H2 up trend which was identified in plan. The hit on the BB was demonstrated to not in itself be enough to short and go against H2 ROMAR Trend. Again identified with the previous few candles sideways.
Applications of the rules were incorrect. Perhaps the original plan is correct before the adjustment. Regardless, my interpretation of Balance is not correct.

Original plan ended with a long off H2 PSAR with a SAR or ROMAR to go back into trend with H2 ROMAR with a re-evaluation if a DB appeared, then observed the Daily Purple after a 3rd go through the plan before finalising for the short. Back to study rules. Unable to recognise error made as yet.
Today I am lost because i am unable to apply the rules because i do not know them.
Wax on Wax off.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 EURJPY Final 2017-04-26 at 10.38.13 am.png Size: 120 KB
If you make up your own rules then the story is sad.....
  • #9,128
  • Apr 25, 2017 8:41pm Apr 25, 2017 8:41pm
Oli, I'm suspecting that under exceptional circumstances the rules need to be applied in exceptional ways--the exceptional circumstance being the effect the French election is having on this pair. Last night it was PSAR holding resistance with EMA holding support (which I'm not sure I've seen before) and tonight it's Daily being a full 8 bars out from touching Purple, and of this moment yet running away from Purple (which I know I've never seen before).
  • #9,129
  • Apr 25, 2017 9:02pm Apr 25, 2017 9:02pm
Quoting Therapsid
Oli, I'm suspecting that under exceptional circumstances the rules need to be applied in exceptional ways--the exceptional circumstance being the effect the French election is having on this pair. Last night it was PSAR holding resistance with EMA holding support (which I'm not sure I've seen before) and tonight it's Daily being a full 8 bars out from touching Purple, and of this moment yet running away from Purple (which I know I've never seen before).
There is a lot happening in the world since Trump's election and it seems to never end. The Gap on Sunday's opening blew me away. BUT - the gap ran with the H2 uptrend and still running the trend accordingly with the Rules of engagement. Even EMA gave the signal when it laid down flat for the continuance of the trend on the H2. The H1 is till showing the up trend with EMA sliding under Purple. There is no exceptional's when it comes to the rules. Matters not what is happening in the market - the rules never changes. Just trade the trend and be sure the entry is off support for the uptrend and resistance for the downtrend. That alone is just basic.
The Dove - Forex Trainer
  • #9,130
  • Apr 25, 2017 9:19pm Apr 25, 2017 9:19pm
The most difficult thing I had to learn when it came to trading was never being subjective to the market. In other words; letting the market intimidate me and control my emotions. I had to overcome and become the victor. It was a fighting battle - but in time I had learned what it was meant to become the victor, and take control of the market instead of the market controlling me. The market shows no mercy and you have to learn in being objective with every level of the market. Once you become objective is when you become the victor.
The Dove - Forex Trainer
  • #9,131
  • Apr 26, 2017 6:15am Apr 26, 2017 6:15am
Quoting Therapsid
Oli, I'm suspecting that under exceptional circumstances the rules need to be applied in exceptional ways--the exceptional circumstance being the effect the French election is having on this pair. Last night it was PSAR holding resistance with EMA holding support (which I'm not sure I've seen before) and tonight it's Daily being a full 8 bars out from touching Purple, and of this moment yet running away from Purple (which I know I've never seen before).
Thank you for yours & also Dove's extended views in this matter - However i know that today's result was due to not applying the rules properly. Whenever something goes wrong - this is the root cause in the majority of... if not all cases. Still don't know which one but will get there. I would start with incorrect interpretation of daily Purple Balance rule and see where this lands me.

But i digress - The main reason for me being back today is to mention something that i have a solution for some of us.

I have been going nuts about having to restart the MT4 at the appropriate time every day when i can't be present every time and don't have backup people to do this for me & also can not do it remotely due to time & place of work. I have seen that i am not alone with this predicament.

Solution finally solved:-

In Windows XP you go to Control Panel then Task Scheduler. And wellah !! Do the rest yourself from there everybody. The only restraint you have is having to keep Windows on & open when you're not at your trading station & you must have Administrator password active and on when you have SP3. I assume that later versions of Windows will be similar. For those on a Mac there are similar options also. & If you don't have CPU usage issues on your Mac like i had, please let me know as I'd like to use the Mac only if i can.

Didn't see that rabbit coming out of my magical computer illiterate state that i have did you ? Me neither.

Have a great day people.
If you make up your own rules then the story is sad.....
  • #9,132
  • Apr 26, 2017 7:35am Apr 26, 2017 7:35am
Date: April 26, 2016 (EURJPY)

DAILY
ROMAR - Resistance
EMA - Support
PSAR - Support

Notes: 4 horsemen in an uptrend. DB above SAR with green fib.

2H
ROMAR - Support
EMA - Support
PSAR - Support

Notes: White, purple and smooth have crossed for the down. However, parabolic hasn't flipped and purple hasn't crossed EMA for the down. Red fib with MACDx pointing down. But last EMAx was pointing up. Magenta pricebox at 121.966 (top of candle), attached with DB and SAR on a red fib.

1H
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Notes: 4 horsemen in downtrend with a red fib and MACDx and EMAx pointing down.

Final notes: Both the 1H and 2H fibs are red and divergence on the 0 fib level is attached with DB/SAR. I am going to be patient for the purple on the 2H to cross purple for the down to be resistance/in sync with the 1H. Then enter on a level of resistance for a 40/40 trade.

At the moment, no entry.
"Cast your burden upon the Lord and He will sustain you"
  • #9,133
  • Apr 26, 2017 8:28am Apr 26, 2017 8:28am
[quote=OliveBranch;9798510]{quote} Solution finally solved:- In Windows XP you go to Control Panel then Task Scheduler. And wellah !!

If you would have asked, I could have saved you some time there! I have been scheduling it for the last 12 months!!! But good that you've worked it out yourself!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,134
  • Apr 26, 2017 11:30am Apr 26, 2017 11:30am
Date - 26/04/2017

D1: (Purple balance: Down around 100+ pips)
ROMAR - Resistance & Support
EMA - Resistance & Support
PSAR - Support
Check List:
Last EMA Alert Arrow - Up
Last MACD 0 crossing - Up
Last SAR/DB Attachment - Top (Above Purple, should go down for balance)
Fibonacci - Up

Notes: (Still plenty of time until the tentatives hit). Magenta divergence. Horsemen shooting up, full uptrend. It’s consolidated uptrend because of ROMAR/EMA cross still has to happen.

H2:
ROMAR - Support (=D1 ROMAR, so far away)
EMA - Support
PSAR – Nullified Support
Check List:
Last EMA Alert Arrow - Down
Last MACD 0 crossing - Down
Last SAR/DB Attachment - Top (Magenta price box)
Fibonacci - Down

Notes:Divergences Green and magenta. Horsemen shooting down, only PSAR and EMA remain support. Trend is up but that could change with the EMA cross to confirm the white consolidation, or could happen a slider for the long.

H1:
ROMAR - Support (Far away from price, lot of room for an hypothetical short)
EMA - Resistance & Support
PSAR - Nullified Resistance
Check List:
Last MACD 0 crossing - Down
Fibonacci - Down
Notes: Horsemen in a slider. Trend up, consolidated.

Final Notes for all three charts: I see a consolidation in the general uptrend and the power is in the EMA Purple cross/slider. That will be the breakout I’m waiting for. Also will check the H1 BB slope in the moment of the breakout.
Entry:
Long: If H2 EMA slides under Purple and Price is over Smooth (H1 EMA will be aligned also if it happens). My preferred entry.
Short: If EMA crosses Purple and price is under Smooth, plenty of room until the closest supports.

Attached Image (click to enlarge)
Click to Enlarge Name: 127a.png Size: 398 KB
"Know thyself."
  • #9,135
  • Apr 26, 2017 1:30pm Apr 26, 2017 1:30pm
Quoting dove_alliance
{quote} There is a lot happening in the world since Trump's election and it seems to never end. The Gap on Sunday's opening blew me away. BUT - the gap ran with the H2 uptrend and still running the trend accordingly with the Rules of engagement. Even EMA gave the signal when it laid down flat for the continuance of the trend on the H2. The H1 is till showing the up trend with EMA sliding under Purple. There is no exceptional's when it comes to the rules. Matters not what is happening in the market - the rules never changes. Just trade the trend...
Just interested. Dana, what was the largest gap you ever seen?
Dreamer
  • #9,136
  • Apr 26, 2017 1:44pm Apr 26, 2017 1:44pm
Quoting dudko777
{quote} Just interested. Dana, what was the largest gap you ever seen?
Good question, I too wonder it
"Know thyself."
  • #9,137
  • Apr 26, 2017 1:51pm Apr 26, 2017 1:51pm
Quoting dudko777
{quote} Just interested. Dana, what was the largest gap you ever seen?
It was some time ago when we seen an opening gap of just under 550 pips. Now ask me what is the biggest spike I have ever seen - and I will tell you it was back in 2005 when the banks were having a field day with the NFP's announcements for about 6 months. Exactly at 08:30 ET on each NFP the first spike would hit 800+ pips either up or down - then retrace on the same bar hit Central Pivot and continue the opposite way for another 800+ pips. This would go on for more than 2 hours from bar to bar.

Every NFP day for more than 6 months you could watch the fireworks on your charts. I remember on one NFP the spike was more than 1000 pips and it shut down the main server for two days. Two days with out trading. And that was caused by your major banks.
The Dove - Forex Trainer
  • #9,138
  • Apr 26, 2017 1:56pm Apr 26, 2017 1:56pm
Don't let some yo-yo out there telling you traders are the ones that move the market. That is BS - the banks control the forex market and they are the only ones that moves this market.
The Dove - Forex Trainer
  • #9,139
  • Apr 26, 2017 2:14pm Apr 26, 2017 2:14pm
Quoting dove_alliance
Don't let some yo-yo out there telling you traders are the ones that move the market. That is BS - the banks control the forex market and they are the only ones that moves this market.
And therefore this market is manipulated by them, right? Even if it doesn't change anything about the Paradox, I'm curious about it because always took it as granted.

Also I read somewhere that the BOJ is famous for that, but I honestly don't know much.

Edit, I just reminded that another guy here on FF said that doesn't trade yen pairs because of the BOJ.
"Know thyself."
  • #9,140
  • Apr 26, 2017 2:24pm Apr 26, 2017 2:24pm
Quoting dove_alliance
{quote} It was some time ago when we seen an opening gap of just under 550 pips. Now ask me what is the biggest spike I have ever seen - and I will tell you it was back in 2005 when the banks were having a field day with the NFP's announcements for about 6 months. Exactly at 08:30 ET on each NFP the first spike would hit 800+ pips either up or down - then retrace on the same bar hit Central Pivot and continue the opposite way for another 800+ pips. This would go on for more than 2 hours from bar to bar. Every NFP day for more than 6 months you could...
Thats really cool! Wish I could see it
Dreamer
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