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The Paradox System

  • #9,941
  • Jun 14, 2017 1:13pm Jun 14, 2017 1:13pm
My entry today:

Date: 13-06-2017 11pm UK time

News Releases: Lots of USD red alerts for 13:30 UK time and then 19:00 and 19:30 UK time.

Daily:
ROMAR Support
EMA Resistance
PSAR Resistance

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down
Fibo down

Notes: Daily down. Parabolic downtrend with Romar as support. Last DB down and last SAR down with hidden divergence. Sideways market continues.

2 HR:
ROMAR Resistance
EMA Support
PSAR Support (eliminated)

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo up

Notes: H2 trend is up. Parabolic uptrend with Romar as resistance. H2 moving sideways with the daily. Last DB was up with normal divergence. Parabolics showing uptrend although eliminated as support with white crossing purple. Smooth has now crossed purple. White is now at smooth aswell. EMA holding support for the four horsemen currently. MACD still up with EMA arrow up. Romar above purple and EMA so Romar holds the power for resistance currently.

1 HR:
ROMAR Resistance
EMA Resistance
PSAR Resistance (eliminated)

Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Fibo down

Notes: Parabolic downtrend. Romar running through the middle with purple crossings. White and purple crossed followed by smooth.

Final Notes: Consolidation, with daily moving sideways and the H2 trend chart showing this. H2 has Romar holding the resistance power still. H2 is ranging so will trade the Romar trend. Entry will be a short off resistance. H2 is in the process of consolidating for either a reversal parabolic change of trend, or continuation up for a hit on Romar resistance. Next H2 DB will be down with the SAR. Will need to wait patiently for push up to resistance.

Entry:

Short: Missed ideal entry, but still pulled trigger short once daily resistance hit and H2 above Romar resistance. Set TP 40 SL 40.

Notes for readjustments: Waited up for new daily candle which opened above smooth resistance. Next resistance for daily is EMA.

Notes from the morning UK time: H2 chart shows EMA sliding under horsemen forcing parabolic trend up to Romar. Still waiting for daily to hit resistance.

Evaluation: TP hit. Looks like my plan was correct, but my entry wasn't the best. I missed the ideal entry which was once daily EMA resistance was hit (around 50 fibo for added confluence) This was due to powers outside my control (being at work at the time). This trade was through the news release, but the Paradox story told me the way which the market was going so I had faith to pull the trigger. If I had managed to go short right at the top, TP would have been hit earlier. If this was a live account, I would have passed this entry as I was too late, but seeing as this is demo and I'm still learning, it was good practice to continue to prove the point and my plan.
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Never Give Up
  • #9,942
  • Jun 14, 2017 1:27pm Jun 14, 2017 1:27pm
Quoting Retrogue
My entry today: Date: 13-06-2017 11pm UK time News Releases: Lots of USD red alerts for 13:30 UK time and then 19:00 and 19:30 UK time. Daily: ROMAR Support EMA Resistance PSAR Resistance Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Last DB Attachment - down Fibo down Notes: Daily down. Parabolic downtrend with Romar as support. Last DB down and last SAR down with hidden divergence. Sideways market continues. 2 HR: ROMAR Resistance EMA Support PSAR Support (eliminated) Check List: Last MACD 0 crossing - up Last EMA Alert Arrow...
I think this answers my question, I should be less specific so I don't tie my own hands with the entry part. That way I keep my view focused (sell OR buy only within a trading plan), and I can trade in the moment without needing to "predict" the exact entry conditions when not inminent/clear at the moment of creating the trading plan.

Thanks a lot Tom, and if anyone else has anything to add is very welcome,

Regards.
"Know thyself."
  • #9,943
  • Jun 14, 2017 1:58pm Jun 14, 2017 1:58pm
Quoting miau1
{quote} I think this answers my question, I should be less specific so I don't tie my own hands with the entry part. That way I keep my view focused (sell OR buy only within a trading plan), and I can trade in the moment without needing to "predict" the exact entry conditions when not inminent/clear at the moment of creating the trading plan. Thanks a lot Tom, and if anyone else has anything to add is very welcome, Regards.
Hello Pablo,

Try this, stick to the general outline of your plan while also being adaptive to the moment, hence Adjustments: (In the moment).

Pay attention to where a new candle is going open, and it's reference to your support or resist level.

Don't have tunnel vision with regards to the H2. It is your main trading chart however, be mindful of the Daily (Big Picture)!

Hope this helps!

Best Regards,

Chad
  • #9,944
  • Jun 14, 2017 2:18pm Jun 14, 2017 2:18pm
Quoting Hendo
{quote} Hello Pablo, Try this, stick to the general outline of your plan while also being adaptive to the moment, hence Adjustments: (In the moment). Pay attention to where a new candle is going open, and it's reference to your support or resist level. Don't have tunnel vision with regards to the H2. It is your main trading chart however, be mindful of the Daily (Big Picture)! Hope this helps! Best Regards, Chad
It certainly does my friend, thanks a lot. I'm going to tie my entries more to the details in the moment while keeping an eye on the big picture, and always within the boundaries of my trading plan (won't plan for a short and then take a long for example).

Regards,

Pablo.
"Know thyself."
  • #9,945
  • Jun 14, 2017 3:09pm Jun 14, 2017 3:09pm
# 92 Date - 14/06/2017

D1: (Purple balance: Up under 50 pips) ≈ balanced
ROMAR - Support
EMA - Resistance & Support
PSAR - Resistance
Check list:
Last EMA arrow - Down
Last MACD arrow - Down
Last DB/SAR - Bottom/Bottom
Fibonacci - Red
Notes: (News within 15h). DB/SAR remains the same than yesterday . Horsemen & PSAR angle down. Trend down, consolidated with ROMAR. Closer Support is ROMAR (+45pips away), closer resistance is Purple.

H2:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check list:
Last EMA arrow - Down
Last MACD arrow - Down
Last DB/SAR - Together bottom
Fibonacci - Green
Notes: Trend down, consolidated because of the fibo color. LSB divergence at the fibo bottom with green price box, BB hit there. That tells me that the swing long for this ranging timeframe is coming and there will be a consolidation prior to the reversal (we are already seeying it around 23.6). Horsemen full downtrend with very steep PSAR angle. Purple balance is up.

H1:
ROMAR - Resistance
EMA - Resistance
PSAR - Nullified Resistance
Check list:
Last MACD arrow - Down
Fibonacci - Green
Notes: Horsemen downtrend but White crossed purple and the market is between Purple and EMA as S/R. Trend down consolidated.

Final notes for all three charts: Trend down overall, but consolidated. I will be looking for a sell from resistance in H2 in the moment with confluence of D1, at white for example, that is D1 white & 61.8 and H1 EMA on this first H2 candle, or at Purple, that has 23.6 and D1 Purple confluences.

Entry:
Long:
Short: From resistance, if Purple or white isnt touch again on this candle I will make readjustments if I see an entry that has nice confluences also. In the moment Im writing this price already went down (Im a few minutes late with my plan), if it comes back to Purple Ill take it.
"Know thyself."
  • #9,946
  • Jun 14, 2017 4:17pm Jun 14, 2017 4:17pm
Hello traders,
Hope you are all having a great week.

Another try at a trading plan

Daily

Romar:Support
Ema:Resistance
Parabolic:Resistance
Macd:down
Ema:down
Fibo:Red
Db/Sar:Both on bottom

Notes: Downtrend consolidation swing. Hidden Divergence.
Breaking for Romar.

2 Hour

Romar:Resistance
Ema:Resistance
Parabolic: Resistance
Macd:down
Ema:down
Fibo:green
Db/Sar: Running together South

Notes: downtrend and breaking past fibo support. Bollinger band hit.

1 Hour
Romar:Resistance
Ema:Resistance
Parabolic:resistance
Macd:down
Ema:down
Fibo:green
Db/Sar: at the bottom
Notes: Market breaking South. Hidden divergence showing.

Final Notes: Market is in Consolidation with h1 and h2 headed to
powerful Daily Romar support. Will enter long on hit of Daily Romar with hidden divergence.
H2 bollinger band hit as well.

Entry: entered long 122.580
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The quieter you become, the more that you can hear.
  • #9,947
  • Jun 14, 2017 4:18pm Jun 14, 2017 4:18pm
Quoting miau1
# 92 Date - 14/06/2017 D1: (Purple balance: Up under 50 pips) ≈ balanced ROMAR - Support EMA - Resistance & Support PSAR - Resistance Check list: Last EMA arrow - Down Last MACD arrow - Down Last DB/SAR - Bottom/Bottom Fibonacci - Red Notes: (News within 15h). DB/SAR remains the same than yesterday . Horsemen & PSAR angle down. Trend down, consolidated with ROMAR. Closer Support is ROMAR (+45pips away), closer resistance is Purple. H2: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check list: Last EMA arrow - Down Last MACD arrow -...
Trade result: +0 pips.Was around 8 min late for the entry and it never came back!.
Self-evaluation: Would have been a winning one within one hour or so, if I was in on time! No big deal, satisfied with the result of the plan and the planned entry.
"Know thyself."
  • #9,948
  • Jun 14, 2017 4:18pm Jun 14, 2017 4:18pm
Hello guys,


I have one question, why did the SAR repainted on the daily? It was attached at the bottom of a candle before, indicating the next attachment should have been up.
Consistency is a state of mind
  • #9,949
  • Jun 14, 2017 4:20pm Jun 14, 2017 4:20pm
Hello Traders,

I have not traded the E J in a while however, this set up was to good to pass up. This candle moved down very quickly, I was ready for it and still missed my ideal entry by three pips!

Here is my plan with screen shots for review.


Session London: EUR - JPY 6/14/2017
Daily:
ROMASR: Support
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen Down. SAR attach with GOLD DIVERGENCE below 61.8 FIBO. MACD zero cross arrow down. Trend EMA arrow down. FIBO down.

H2
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down. DB down with BLUE DIVERGENCE attached piercing BB at 0.0 FIBO. Trend EMA arrow down. MACD zero cross arrow down. FIBO up.

H1
ROMAR: Resistance
EMA: Resistance
Parabolic: Eliminated
Notes: Purple crossed White up. EMA holding resistance. Trend EMA arrow down. MACD zero cross arrow down. FIBO up.

FINAL NOTES: H1, H2, Daily in sync with down trend. I will enter short position off H2 resistance. H2, and Daily BB opening up for the down. I expect market to continue down. Daily SAR should reattach to new candle or turn DB, with room for +40 before hit on ROMAR.

Adjustment: H2 open candle at Purple resistance and 23.6 FIBO. Daily retraced to Purple resistance near 61.8 FIBO.

Short: Entered short position on H2 open candle at Purple resistance. Set TP +40 SL 40.

Result: Took +40 from the market.

Hope this helps!

Best Regards,

Chad
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  • #9,950
  • Jun 14, 2017 4:23pm Jun 14, 2017 4:23pm
Hello guys, this was my first trading plan. I appreciate any feedback.

Date: 14/06/2017


Daily:
ROMAR – support at 122.4233
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow down
Last DB Attachment down
FIBO down


Notes: the daily chart is in a consolidated downtrend heading to ROMAR as support with a 45 pip striking distance placing the market in a very tight range. The 4 horsemen are strong for the down.

2 HR:
ROMAR - resistance
EMA - resistance
PSAR - resistance

Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow down
Last DB Attachment down
FIBO up

Notes: 2 HR trend is strong for the down with the 4 horsemen properly placed in relationship with each other for the downtrend. Last DB attachment at 122.755 with the green box at the bottom of the FIBO indicating an upwards move given that we are in consolidation.

1 HR:
ROMAR - resistance
EMA - resistance
PSAR – resistance (eliminated by the crossing of white and purple for the up)

Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow down
FIBO up

Notes: white crossed purple indicating the beginning of a turn for the up.


Entry: given that we are in a ranging market, I’m going to buy at support. The DB attachment at the FIBO bottom and the lower BB indicates a long entry. The fact that white crossed purple on the 1 HR indicates the beginning of consolidation within the 1 HR chart putting pressure on the 2HR. The SAR attached below the market on the daily also indicates that the next attachment will be somewhere above. I will enter long at the opening of the 17:00 EST candle with a 20 pip take profit given that I don´t have a 40 pip distance to 2 HR EMA and this is a countertrend trade as for the 2HR trend.
Self-evaluation: SL loss hit -40 pips. The market went down at the opening of the candle. I probably should have waited for the crossing of white and purple on the 2 HR for me to take the long entry. The SAR repainted on the daily and attached with DB near ROMAR support.
Consistency is a state of mind
  • #9,951
  • Jun 14, 2017 5:04pm Jun 14, 2017 5:04pm
Quoting Adaptation
Hello guys, I have one question, why did the SAR repainted on the daily? It was attached at the bottom of a candle before, indicating the next attachment should have been up.
Adaptation,

Go back and review Dana's powerful tutorial on the DB / SAR. Shaun was kind enough to put it on a word doc. You will find you answer.

Regards,

Chad
  • #9,952
  • Jun 14, 2017 5:11pm Jun 14, 2017 5:11pm
Quoting Adaptation
Hello guys, this was my first trading plan. I appreciate any feedback. Date: 14/06/2017 Daily: ROMAR support at 122.4233 EMA - resistance PSAR - resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow down Last DB Attachment down FIBO down Notes: the daily chart is in a consolidated downtrend heading to ROMAR as support with a 45 pip striking distance placing the market in a very tight range. The 4 horsemen are strong for the down. 2 HR: ROMAR - resistance EMA - resistance PSAR - resistance Check List: Last MACD 0 crossing down Last...
O.K. a couple of things. First, you need to post your screen shot of your H2 chart with entry. Second, we are taking 40 / 40 trades. If this trade was taken when I think it was, please review my plan as well as screen shots. It explains why you lost your trade.

Regards,

Chad
  • #9,953
  • Jun 14, 2017 5:51pm Jun 14, 2017 5:51pm
hello all, first i'm a newbie so i need to learn a lot to understand this system
that's why i try to create my own trading plan
please kindly correct me.

D1
Romar Support
EMA Resistance
PSAR Resistance
Last Db attached at bottom
Market is in consolidation because all horseman pointing down, but the romar still holding as support

H2
Romar Resistance
EMA Resistance
PSAR Resistance
MACD ponting down
EMA Cross down
Last DB attached at bottom
Marketi is full downtrend because all indies is ponting down

H1
Romar Resistance
EMA Resistance
PSAR Resistance
All indies is down

Conclusion, Market is on consolidation because of the Daily is not full downtrend yet. We can trade both way short or long
in this case, i think we have to find the resistance point from all of three chart to get strong downtrend stream
i go short when the market touch H2 50 fibo & EMA & Smooth (all of them is so close), and confluence with H1 50 fibo & PSAR
Attached Image (click to enlarge)
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I Will Never Give Up
  • #9,954
  • Jun 14, 2017 6:02pm Jun 14, 2017 6:02pm
Quoting Hendo
{quote} O.K. a couple of things. First, you need to post your screen shot of your H2 chart with entry. Second, we are taking 40 / 40 trades. If this trade was taken when I think it was, please review my plan as well as screen shots. It explains why you lost your trade. Regards, Chad
Ok Chad, I'll look into the tutorial and see why the trade went wrong. Thank you.
Consistency is a state of mind
  • #9,955
  • Jun 14, 2017 6:03pm Jun 14, 2017 6:03pm
Quoting SolitudeFx
Hello traders, Hope you are all having a great week. Another try at a trading plan Daily Romar:Support Ema:Resistance Parabolic:Resistance Macd:down Ema:down Fibo:Red Db/Sar:Both on bottom Notes: Downtrend consolidation swing. Hidden Divergence. Breaking for Romar. 2 Hour Romar:Resistance Ema:Resistance Parabolic: Resistance Macd:down Ema:down Fibo:green Db/Sar: Running together South Notes: downtrend and breaking past fibo support. Bollinger band hit. 1 Hour Romar:Resistance Ema:Resistance Parabolic:resistance Macd:down Ema:down Fibo:green Db/Sar:...
Here is my self evaluation

I waited on the market to come down to the big Romar support which was in the lower support area of the Daily chart.
The h2 bollinger was hit along with the big Daily Romar. I learned today very much about this Romar. The market came down
pretty quick and did not like running into that.

This was exciting trade that did not last very long. I watch and wow the take 40 profit was hit in 1 hour.
I hope that this trade was applying the rules correctly to which I have received a valuable lesson from teacher
Dove in my last trade which I had read over and over and try to sink it in properly. I await Dove to point out any flaws
and direction. Thank you ahead.

Best regards,
John
The quieter you become, the more that you can hear.
  • #9,956
  • Jun 14, 2017 11:16pm Jun 14, 2017 11:16pm
Date: 14/06/17 6.18 GMT EUR/JPY

Daily: Open below Horsemen
ROMAR - Support
EMA - Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 122.496 low
Fibo: Down

Notes: The Daily has the 4 horsemen heading down with an open below horsemen. DB/SAR at the low of Romar support. both Divergence now attached.

2 HR:
OPEN PRICE – 123.001 – 122.945
ROMAR - Resistance
EMA - Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 122.496
Fibo: Up

Notes: The 2 hour has the four horsemen heading south with White at Purple, Bar opened above smooth, Purple white cross. DB/sar and LSB divergence at the low of 122.496. with Green tag. fib flip green, MACD below the 0, BB opened up and inside Fibo.

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
Fibo: Down

Notes: The 1 hour has the four horsemen just turning up possible slider, PSAR flip with arrows in order.

Final Notes for all three charts: the market is in Consolidation 1H down, H2 Down, Daily Up but heading down. All Horsemen heading south.
Entry:
Consolidation: Sorry guys A bit undecided at the moment. going to try a little patience
Long:
Short:

NEWS: US Figures 1.30
Stop killing our Oceans, Stop using single use plastics.
  • #9,957
  • Edited Jun 15, 2017 1:02am Jun 14, 2017 11:44pm | Edited Jun 15, 2017 1:02am
I decided not to post a full trading plan as it's unclear.
I'm seeing sell opportunity on a 2H SAR hit around Parabolic (for a re-test of the Daily ROMAR).
But if 2H Parabolic has flipped down when SAR hits, market may be reversed for up, because of 2H + Daily SAR/DB at bottom.
Also 1H & 2H Fibos are green, but there are lots of resistances above in the 2H.
The Daily ROMAR hit was a powerful event, which may send the market up like a rocket.
Situation unclear.
I'm going to look for these entry signals below, and see what happens.

1. Sell if 2H SAR hits around Psar (also at 1H ROMAR). But if 2H Psar has flipped below, don't sell, because market may have reversed for up.
2. Buy if 2H EMA up arrow appears.

Any thoughts on these ideas (1 & 2)?

------------------------------
Edited: It seems that the Market touching the 2H EMA with a retrace bar was the "SAR hit" I was waiting for (fell 60 pips). Was late for that one.
  • #9,958
  • Jun 14, 2017 11:57pm Jun 14, 2017 11:57pm
Quoting ilpoj
I decided not to post a full trading plan as it's unclear. ......... 1. Sell if 2H SAR hits around Psar (also at 1H ROMAR). But if 2H Psar has flipped below, don't sell, because market may have reversed for up. 2. Buy if 2H EMA up arrow appears. Any thoughts on these ideas (1 & 2)?
If i may respectfully point out from someone who has done in the past in public fashion what you're suggesting to do....
Dove has very clearly said to focus - either you focus on go short or go long in your plan. If one can not make up one's mind then stand down and learn.
I feel you're needing to learn which way today's trend is. Once you identify the trend, you will know what to do...either a short or a long. There is always a trend, even in consolidation.

Seems a lot to remember with all these pages to read, however you're making headway.

Good trading ilpoj.
If you make up your own rules then the story is sad.....
  • #9,959
  • Jun 15, 2017 12:36am Jun 15, 2017 12:36am
eur/jpy date 15/06/2017 06:00 GMT

Daily Chart: Open 13 pips below Purple
Romar: support
Ema: resistance
Parabolic: resistance
Arrows: ema and macd down
Fibo: red
Db/Sar: DB+Sar at the bottom

Notes: After hitting, market bounced of off EMA. 4 horsemen are aligned for strong Down BUT Romar is still intact.

H2 chart:
Romar: resistance
Ema: resistance
Parabolic: resistance
Arrows: macd pointing down, EMA pointing down
fibo: green
db/sar: db + sar at the bottom

06:00h GMT Notes: 4 horsemen are Down. DB+SAR attached at bottom with LBS+Gold divergence, so next SAR will be on top.

H1 chart:
Romar: resistance
Ema: resistance
Parabolic: support but eliminated with White/Purple crossing
Arrows: macd pointing up ema down
fibo: red
db/sar: DB+SAR at the bottom

Notes: 06:00h GMT Notes: 4 horsemen are up and in consolidation with Purple crossing White. DB+SAR attached at bottom with LBS+Gold divergence, so next SAR will be on top.

Final notes: After first move up from Daily Romar we have continuation of Down move toward Daily Romara. DB+SAR+LBS+Gold at bottom of both H2 and H1. I will go long after price make new low below Daily Romar as we don’t have Purple Romar crossing yet.

LONG:
SHORT: -
Enter long at
SELF EVALUATION:
  • #9,960
  • Edited 1:11am Jun 15, 2017 12:38am | Edited 1:11am
Quoting OliveBranch
{quote} If i may respectfully point out from someone who has done in the past in public fashion what you're suggesting to do.... Dove has very clearly said to focus - either you focus on go short or go long in your plan. If one can not make up one's mind then stand down and learn. I feel you're needing to learn which way today's trend is. Once you identify the trend, you will know what to do...either a short or a long. There is always a trend, even in consolidation. Seems a lot to remember with all these pages to read, however you're making headway....
Thanks, Olive. All guidance is greatly appreciated : )

I had good success last week with entries as EURJPY came out of the downtrend, but then I "fell from grace", because of breaking the rules and making unclear entries.
This is a moment when personal guidance is the most useful and I will take heed on what you said.

Best Regards,

-ilpoj
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