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The Paradox System

  • #9,201
  • May 3, 2017 8:56am May 3, 2017 8:56am
Quoting OliveBranch
Quoting tullegate
May 2 Trading Plan - EURJPY Sorry for posting this a few hours late, I had some things to take care of and completely forgot to post my trading plan. My entry candle is shown on the white arrow. ... Hi Tullegate. Glad you're getting the swing of things too & posting plans. Perhaps we gain some enlightenment as we move along in our journeys. Our plans and execution of the same will show if we are or not. No problem as long as we learn. I do have a Q for yourself and everyone else as well. Am ignorant in this =>seeing as the
...
If I was trading live, I wouldn't trade at all today, tomorrow or Friday. FOMC and Non-Farm, and Crude oil news, on top of bank holiday is too much. These are very very high risk news that we should never trade the days in. All I know is that on days like this, the market a few days before moves a little slower.

However, since i'm on demo, I still let me trade run from yesterday. But if I was in live, I obviously would have closed my trade, whether I was in profit or not.
"Cast your burden upon the Lord and He will sustain you"
  • #9,202
  • May 3, 2017 9:57am May 3, 2017 9:57am
Yeah, I see the movement are very slow with those bank holiday.
Another information about the market; Sunday there is the French president election ! So, be careful at the opening market the next Monday !
  • #9,203
  • May 3, 2017 1:29pm May 3, 2017 1:29pm
Quoting tullegate
May 2 Trading Plan - EURJPY Sorry for posting this a few hours late, I had some things to take care of and completely forgot to post my trading plan. My entry candle is shown on the white arrow. DAILY ROMAR - Support EMA - Support PSAR - Support Notes: 4 horsemen in an uptrend. MACDX and EMAX arrows pointing up. SAR behind DB at 122.508. Red fib. 2H ROMAR - Support EMA - Support PSAR - Support Notes: Red fib, with DB above SAR at 122.588. Last MACDx was pointing up, and EMA was pointing up as well. SAR attached to the bottom of 122.108. 1H ROMAR...
Trade closed. 40 PIPS GAINED.

Obviously if this was in real time, I would have closed the trade before news. But just for the sake of demo, I did not.

But in terms of my execution, I think I did it correctly.
"Cast your burden upon the Lord and He will sustain you"
  • #9,204
  • May 4, 2017 3:23am May 4, 2017 3:23am
Good Morning
H2 SAR / Parabolic Entry long. With return up SAR changed. Someone knows why SAR was not fixed in the parabolic. Is this question relevant? I do not know.
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  • #9,205
  • May 4, 2017 6:50am May 4, 2017 6:50am
Quoting manin011
Good Morning H2 SAR / Parabolic Entry long. With return up SAR changed. Someone knows why SAR was not fixed in the parabolic. Is this question relevant? I do not know. {image} {image}
manin

i wasn't watching because I'm not trading this week, but it looks like it went down and up on same candle then went higher with the next. I don't know the reason why but quick entry and exit so happy days.
Stop killing our Oceans, Stop using single use plastics.
  • #9,206
  • May 4, 2017 7:43am May 4, 2017 7:43am
Quoting manin011
Good Morning H2 SAR / Parabolic Entry long. With return up SAR changed. Someone knows why SAR was not fixed in the parabolic. Is this question relevant? I do not know. {image} {image}
SAR doesn't fix in stone until the bar closes.
  • #9,207
  • May 4, 2017 11:09am May 4, 2017 11:09am
Thanks guys. I haven t seen it happen that way
  • #9,208
  • May 4, 2017 1:43pm May 4, 2017 1:43pm
Traders - this market is up and has been since the Gap a week ago Sunday. Support is the Parabolic, EMA, and Smooth on the H2. Until EMA crosses Purple without being a slider we will remain UP. So until then - do not even think about going south.
The Dove - Forex Trainer
  • #9,209
  • May 5, 2017 4:06am May 5, 2017 4:06am
Hello Traders

Be very careful today with the NFP. The volatility going into this report has been high due to a number of factors, mainly French election, whereas the last few years have usually followed a pattern of consolidation. It could be explosive, a real storm. Nothing is for certain of course, but I'm just saying be careful and get flat, although there isn't really a trade right now anyway.

Remember Dana's last post about Purple/EMA, everything is set up for that now, but the NFP could really shake things up.

I'm going to get out the popcorn and just watch.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,210
  • May 7, 2017 9:32pm May 7, 2017 9:32pm
MAY 7 TRADING PLAN - EUR/JPY

DAILY
ROMAR - Support
EMA - Support
PSAR - Support

Notes: 4 horsemen shooting up, with DB on top of SAR at 123.489 level. Red fib.

2H
ROMAR - Support
EMA - Support
PSAR - Support

Notes: SAR detached from DB and attached to parabolic (bottom candle) at 123.385 level, but DB did not attach with the parabolic. 4 horsemen in upwards direction. Red fib. Also, last MacdX was pointing up, but ema arrow was shooting downwards. Divergence attached at 123.480.

1H
ROMAR - Support
EMA - Support
PSAR - Support

Notes: Red fib. EMAx, followed by MACDx are pointing down. However, white and smooth crossing was not at ema at purple, so most likely a slider going up, following the PSAR support direction (going up).

Final Notes: Entry when the 2H EMA arrow sound alert goes off.

Entry: EMAx sound alert went off, pointing up. Entry was made on 2H smooth support, on the open of the candle 2:00. As confluence, the entry was on the daily purple. 40/40 trade was made. I will post results when trade closes.

God bless you all. I really hope you all had a fantastic weekend!
Attached Image (click to enlarge)
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"Cast your burden upon the Lord and He will sustain you"
  • #9,211
  • May 7, 2017 10:04pm May 7, 2017 10:04pm
Quoting tullegate
MAY 7 TRADING PLAN - EUR/JPY DAILY ROMAR - Support EMA - Support PSAR - Support Notes: 4 horsemen shooting up, with DB on top of SAR at 123.489 level. Red fib. 2H ROMAR - Support EMA - Support PSAR - Support Notes: SAR detached from DB and attached to parabolic (bottom candle) at 123.385 level, but DB did not attach with the parabolic. 4 horsemen in upwards direction. Red fib. Also, last MacdX was pointing up, but ema arrow was shooting downwards. Divergence attached at 123.480. 1H ROMAR - Support EMA - Support PSAR - Support Notes: Red fib. EMAx,...
My question would be:
Why would you wait for center to make entry, and not with the SAR attachment at the Parabolic? Which is from bottom (support) to the top.
The Dove - Forex Trainer
  • #9,212
  • May 7, 2017 11:20pm May 7, 2017 11:20pm
Quoting dove_alliance
{quote} My question would be: Why would you wait for center to make entry, and not with the SAR attachment at the Parabolic? Which is from bottom (support) to the top.
I wanted to be patient for the EMAx sound alert on the 2H as confirmation to pull the trigger. I did this because on the 1H, I did not see a green EMAx arrow printed, so I thought since there wasn't one on the 1H, there could have been a possibility of the SAR to keep going lower and DB attaching on top of SAR on the 2H (on a bottom of a candle), which would have been a signal to go short.

I'm sorry if I'm wrong. Please don't be disappointed in me..
"Cast your burden upon the Lord and He will sustain you"
  • #9,213
  • May 8, 2017 2:35am May 8, 2017 2:35am
Quoting tullegate
{quote} I wanted to be patient for the EMAx sound alert on the 2H as confirmation to pull the trigger. I did this because on the 1H, I did not see a green EMAx arrow printed, so I thought since there wasn't one on the 1H, there could have been a possibility of the SAR to keep going lower and DB attaching on top of SAR on the 2H (on a bottom of a candle), which would have been a signal to go short. I'm sorry if I'm wrong. Please don't be disappointed in me..
I believe market is ranging? Bollingers are showing this being flat. So entry was indeed with Sar.
Dreamer
  • #9,214
  • May 8, 2017 8:50am May 8, 2017 8:50am
Quoting tullegate
{quote} I wanted to be patient for the EMAx sound alert on the 2H as confirmation to pull the trigger. I did this because on the 1H, I did not see a green EMAx arrow printed, so I thought since there wasn't one on the 1H, there could have been a possibility of the SAR to keep going lower and DB attaching on top of SAR on the 2H (on a bottom of a candle), which would have been a signal to go short. I'm sorry if I'm wrong. Please don't be disappointed in me..
Trade closed. Lost 40/40. My entry should have been with SAR.

But what I thought was going to happen, did happen. I attached an image below.
Attached Image (click to enlarge)
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"Cast your burden upon the Lord and He will sustain you"
  • #9,215
  • May 8, 2017 9:52am May 8, 2017 9:52am
Quoting tullegate
{quote} Trade closed. Lost 40/40. My entry should have been with SAR. But what I thought was going to happen, did happen. I attached an image below. {image}
OK - lets go through the scenario:

To begin with you had Divergence on top for the reversal plus the gap with a hit on the upper band. That alone was an entry for the short. You didn't take the entry but waited So by waiting you had the SAR detached for the Parabolic which was an entry going long for 40 at the Purple resistance. Because the DB didn't attached you waited some more. So far you had resistance for the short and support for the long. If you had studied you would know the DB will not attached for support UNTIL the Parabolic flips with this scenario. But what you did do is pulled the trigger for the Long at Purple Resistance. This whole scenario is on the H2 chart. What you are missing is learning how to trade support and resistance. And if you learn you would go a long ways in being right.

The market is up but we are also in a ranging mode.
The Dove - Forex Trainer
  • #9,216
  • May 8, 2017 11:11am May 8, 2017 11:11am
Quoting dove_alliance
{quote} OK - lets go through the scenario: To begin with you had Divergence on top for the reversal plus the gap with a hit on the upper band. That alone was an entry for the short. You didn't take the entry but waited So by waiting you had the SAR detached for the Parabolic which was an entry going long for 40 at the Purple resistance. Because the DB didn't attached you waited some more. So far you had resistance for the short and support for the long. If you had studied you would know the DB will not attached for support UNTIL the Parabolic flips...
I'm sorry. I'm trying my best to learn how to trade better.
"Cast your burden upon the Lord and He will sustain you"
  • #9,217
  • May 8, 2017 11:46am May 8, 2017 11:46am
Quoting tullegate
{quote} I'm sorry. I'm trying my best to learn how to trade better.
No need to be sorry; but you do need to recognize support and resistance. For one thing - the H1 is not a trading chart but only a reference chart with the H2. Your trading plan is showing you using the H1 as a trading chart in using the slider for an entry; which is wrong. The reference on the H1 was a down entry at the Top with the Fibo, DB, SAR, and Divergence. Exactly the same as on the H2. With these elements your focus should had been on the short. It was then you could had used the next H1 Bar for entry going short. And you have to always remember to never trade from center. It is either off support or resistance. If you trade from either one you will never lose.

The reason and purpose for a trading plan is to recognize support and resistance and seeing the trend OFF of one or the other.

I pray this helps you.
The Dove - Forex Trainer
  • #9,218
  • May 8, 2017 1:15pm May 8, 2017 1:15pm
The thing that helps me in recognizing support and resistance is the special place on my trading plans under Daily, 2H and 1H notes where I mention literally every support and every resistance for each chart.
Like this:

Daily notes:
Support and Resistance:

2H notes:
Support and Resistance:

1H notes:
Support and Resistance:

Maybe this will be helpful for someone.
Dreamer
  • #9,219
  • May 8, 2017 1:28pm May 8, 2017 1:28pm
Quoting dove_alliance
{quote} No need to be sorry; but you do need to recognize support and resistance. For one thing - the H1 is not a trading chart but only a reference chart with the H2. Your trading plan is showing you using the H1 as a trading chart in using the slider for an entry; which is wrong. The reference on the H1 was a down entry at the Top with the Fibo, DB, SAR, and Divergence. Exactly the same as on the H2. With these elements your focus should had been on the short. It was then you could had used the next H1 Bar for entry going short. And you have to...
Thank you. I will study this post.

I had a question that I'm not sure you will help me answer. But, I feel like it's an important one. I have been studying and looking through my notes, and there has been a mention a few times of the sunday night opening and that "gap" being closed. There has been a mention of "closing the gap". I was just wondering, is there a specific amount of time we wait for sunday opening gap to close?

I'm sorry if this question sounds stupid. I'm just trying to learn and piece everything together. I almost seems like a whole separate way of trading is applied on the sunday night opening/gap closing method.

Or am I wrong because every scenario is different and can't applied the same way.
"Cast your burden upon the Lord and He will sustain you"
  • #9,220
  • May 8, 2017 2:36pm May 8, 2017 2:36pm
Quoting tullegate
{quote} Thank you. I will study this post. I had a question that I'm not sure you will help me answer. But, I feel like it's an important one. I have been studying and looking through my notes, and there has been a mention a few times of the sunday night opening and that "gap" being closed. There has been a mention of "closing the gap". I was just wondering, is there a specific amount of time we wait for sunday opening gap to close? I'm sorry if this question sounds stupid. I'm just trying to learn and piece everything together. I almost seems like...
Hello,
Post #8300 might help you.
Also, if you have question about particular aspect or indicator you can use search bar at the top of the page (I might recommend reading the whole thread though)
Dreamer
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