I want to quote that Dana's post from original thread: DAILY CHART - DATE: 02-21-16 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: All three support/resistance are in compliance for a strong downtrend. The Fibo is at the bottom ...

The paradox System 2023 (for beginners)

Hi lightning, I really thank you for your advice. It's just what I need since I'm a beginner to this system. I thought I understood that any red Fibos on an uptrend means the market is overbought. This reason together with today's Flip PSAR in 2h ...

The paradox System 2023 (for beginners)

SL reached. the market took off after testing Romar 1h. Lesson learned

The paradox System 2023 (for beginners)

I'm SHORT. a short was in my plan in case there was a PSAR flip in 2H. In 4h we have smooth crossing purple and in 2h we have open below EMA and Ema crossing Puprle . I opened a trade with half my margin because the right entry was 10 pips above ...

The paradox System 2023 (for beginners)

image Dana says to take into consideration when we are on a TOP or BOTTOM. I actually thought yesterday's high wouldn't be broken but it did. At this point I don't know how long it can still go up. For me it's all new since I've been trading this ...

The paradox System 2023 (for beginners)

Hi lights. Thanks for commenting. I'm trying to follow the original rules of the System. The system plans to use the charts with maximum zoom and a spread of 40 candles. I am also looking at a single pair that is E/J and also avoiding staying in the ...

The paradox System 2023 (for beginners)

unfortunatly the market has gone nowhere. I will close my short in profit or loss about 5 minutes before the USD red news. If it moves to BB 1h first I will close there

The paradox System 2023 (for beginners)

I'm Short. Smooth cross purple in 2h. Market had tested again MA5 and was rejected. SL 40pips TP at M20 or BB

The paradox System 2023 (for beginners)

Given the situation today I might as well settle for a 20 pips profit (breaking the 40/40 rule) In 2 hours Smooth may cross purple. I will update my plan before the new candle

The paradox System 2023 (for beginners)

image Market is between MA zone which is very wide today. There have not been many buys above the MA 5 with not a single open above it. This proves that yesterday's was a real TOP. In general we are consolidating because on the Daily EMA there is ...

The paradox System 2023 (for beginners)

My current plan. however I am not going to enter now. I will update my plan for the European session image

The paradox System 2023 (for beginners)

Remarks for next trades: Now all charts are overbought. I expect the market to pull back tomorrow also because the Daily will still have EMA as resistance even with the next daily candlestick. I'm sure I don't have a complete understanding of the ...

The paradox System 2023 (for beginners)

Just got back from work. Glad to see my TP achieved. Selfevaluation: I probably could have made a better entry waiting for a deeper retracement in 2h but at that moment I was afraid of missing the train because the upward trend seemed very strong. ...

The paradox System 2023 (for beginners)

I'm LONG. I opened a trade on the white 1h with half my margin, and a second trade on the smooth which was also close to the 23.6 fibo level. 40 pips SL and 40 pips TP. the TP is below Daily PSAR which is the last resistance in all charts. image

The paradox System 2023 (for beginners)

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The paradox System 2023 (for beginners)

image There are still 30 minutes left until the Sydney opening. I will update the 1h situation a few minutes before the opening. In any case, my plan for now does not include an entry. So I will come back directly for the European session

The paradox System 2023 (for beginners)

Hi traders! Tonight I checked the charts 2 times but didn't find a good entry for the long. I was expecting a deeper retracement to go long but the market took off without doing so.

The paradox System 2023 (for beginners)

image Here is my plan for the Sydney opening. I don't know if I'll still be awake to follow it. If I am resting, I will update my plan for the European session

The paradox System 2023 (for beginners)

Hi Hoss, Thanks for your comment. I will, although I don't want to overcomplicate things now because I'm getting good results. If you like, share some of your operations, it would be much appreciated. Greetings

The paradox System 2023 (for beginners)

I broke the rule and took a trade which was not in my plan but as the market moved higher with no chance of a long entry I started looking at resistance and where the market might stop before pulling back. We first had Romar 1H as resistance but ...

The paradox System 2023 (for beginners)