I thought I took that off the screenshot of today's earlier entry?

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We know the market is in consolidation because the H1/H2 are out of sync with Daily. We first look to purple crossing white on the H2, which it is potentially, so the market will be short-term downwards. We then look to the candle open. If we have a ...

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Or something more fundamental, purple crossing EMA...

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Do you mean a candle opening below Smooth? Or perhaps the swing lines.

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We have purple potentially crossing white for the trend down. If so parabolic would flip and entry could be on next candle, correct?

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The most successful traders are people who see trading as a way of life. To achieve great success in any field, you must drink, eat and breathe in that field. You must wake up and study as if it is your life's mission. It will become a part of your ...

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True, psychological and mental training is very important and you will not succeed in the long term without the right mindset. Once you have the right mindset however, making the correct entry into the trend with the paradox system is possible and ...

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I'm just thinking of the numbers. If you go 95 trades gaining 10-20 pips on each trade, that's 950-1900 pips. If you go 5 trades and hit a 40 pip stop loss each time, that's 200 pips. See what I'm trying to say? You're still netting 750 pips at ...

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I completely disagree. Dove said to use 40 pip stop loss. If you have 95% win rate then the 5% you don't, will not blow your account. 40 pips is nothing.

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If H1 found support here, it means it is a good entry for trading off H2, correct?

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Hasn't it crossed though?

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I believe he means the EMA is still above ROMAR

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Price bounces of BB will likely retrace to EMA. So On the next candle if you really wanted to you could have bought I believe.

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Thank you for your lessons tonight Dove. I learned a lot and actually made a decent profit as the same time. I am exhausted and have to go to bed for 9:30 class tomorrow morning!

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You're right. If I had reconsidered, I would have been content with the pips I gained. I'll learn from this.

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I don't think I would ever do 2 consecutive trades. The thing is, I accidentally stopped myself out but the original plan was to keep going to the H2 support so I wanted to stay true to that.

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Which in hindsight was a terrible idea since it was probably going to retrace and I could have waited until the next swing down to sell.

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Accidentally set a take profit of 0 so I got closed out at 18 pips around the H1 ROMAR. Made another sell afterwards.

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True. I decided to open at 118.332.

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As far as entry goes on the H1, do we wait for the candle to touch the 4 horsemen or for an arrow or does it matter since the potential number of pips is relatively high?

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