I gave the scenario what will happen on the Daily. And it works the same on the H2. Apparently everyone wants to do it their way so good luck.
The Dove - Forex Trainer
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DislikedHello fellow traders, Here is another go at trading plan. Daily chart: Romar support, ema resitance, parabolic resitance. bollinger band flat. Ranging on the daily. Ema arrow is up. macd arrow down. fibo is red. 2 hour chart: Romar, ema, and parabolic support. red fibo. purple coming out of slider with white. ema and macd arrow are still up. 1 hour chart: Romar, ema, parabolic all support. Purple coming out of slider with white. Bollinger bands have been flat and starting to open up. Red fibo. Macd arrow down and ema arrow up. Final notes: Market...Ignored
Disliked{quote} Self Evaluation. I believe we are to close our trade before nfp on a live account. I left the trade running as 40/40 is the rule for demo. The trade came up and just short of tp by about 7 pips and then back down and nfp stopped out for -40. Sar did attach on Daily for lower high but not enough for the 40 pips. The mistake that I can see was although the Daily opened above parabolic it still held the power for the downtrend. The right trade would have been waiting for the sar connection on the Daily and going short. I also did find interesting...Ignored
DislikedHi Dove, Just wanted to say I cannot express into words how grateful I am for all your help and time you have put in. I have only been here since Feb 2017 and have learnt more than I ever have in my life. Still a long long long way to go. I spent the time last night going over the scenario's you gave and studying. I decided not to trade but to watch and take screenshots to study this weekend. I watched as the market moved exactly as you said it would like clockwork. It really is amazing how using the power of the Paradox you can see into the future...Ignored
Disliked{quote} Self Evaluation. I believe we are to close our trade before nfp on a live account. I left the trade running as 40/40 is the rule for demo. The trade came up and just short of tp by about 7 pips and then back down and nfp stopped out for -40. Sar did attach on Daily for lower high but not enough for the 40 pips. The mistake that I can see was although the Daily opened above parabolic it still held the power for the downtrend. The right trade would have been waiting for the sar connection on the Daily and going short. I also did find interesting...Ignored
Disliked{quote} After reevaluating your entry you had made one critical mistake in pulling the trigger going long. That mistake was predicting your profit being right on top of the Fibo with DB/SAR and Divergence as resistance. So in reality - there was no trade going long. Just keep in mind from the top is short; from the bottom is long..Ignored
Disliked{quote} Ok thank you so much for you reply and insight Dove. Let's see if I have this right. No long trades at top of h2 fibo with both sar and db attached with divergence and vice versa for short. Unless of course you are in a different scenario with the daily and the confluence overrides it like possibly being in a full blown trend. And we were not with the Daily parabolic had flipped throwing the paradox into a consolidation and high of fibo becoming a strong resistance. Am I way off or is this somewhat correct. Thank you again.Ignored
Disliked{quote} The biggest mistake the traders are making is using and trading the H1. The H1 is only for reference with the H2 on entries off the H2. Now - lets get the insight right for a trade: Your trading chart is the H2. Reference for support and resistance is the Daily chart and not the H1. In using the H2 and the Daily for support and resistance you would then never misinterpret the entry. Like with your entry: you had the SAR on the bottom of the Daily chart and your entry was pretty much on top for the SAR to attach. The Daily was showing nothing...Ignored
DislikedHere is the thing traders - I have given almost a year and half on this thread teaching in which it cost you nothing but only your time. But most of you are looking for the fast lane in by-passing the learning stage; asking questions that had already been answered many times over. So here is my scenario: Spend the time in reading every single post on this thread and learn - or forget about it. If you don't have the heart in learning then I am finished.Ignored
DislikedHello to all, I would like to firstly thank dove_alliance for this incredible masterpiece, this truly is a gift from God. I have been studying the paradox system for almost a month now and feel like I've had great progress. This is a real breath of fresh air after having tried so many things. Soon, I will start posting my trading plans for evaluation and feedback. For lack of time, (I study full time) I haven't been able to put the time I would like to learn every aspect of the paradox. I will soon, as I will have a two month vacation. However,...Ignored
DislikedHello Dana I have a kind of a weird question. I was reading the thread and saw a screenshot with economic calendar and there was one news called Tokyo something... And I wondered after trading EURJPY all these years have you ever been to Japan? Not gonna lie I'm kinda in love with the place Never been to it myself though... but dream of going there some day.Ignored
Disliked{quote} To be honest - I have no desire to travel abroad and never have. I love the United States and there is so much of this country to see. So I am pretty happy living here.Ignored